RETHCA
ActiveSummary
RETHCA has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €578,546 and a net result of €1,748. Equity is shrinking by about 3.1% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €578,546
- Profit
- €1,748
Why 91raises risk1 change of registered office in 24 monthslowers riskSize: total assets €582,533Figures for financial year 2025 (filed 07-07-2026)Equity €578,546 (99.3% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 81% on solvency, 59% on liquidity, 47% on profitability and 49% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Resignations: Christiane Van Achter (director) and…Appointment: Jan Van Achter (director)…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 50% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,087 | €29,136 | €26,087 | €17,973 | €14,771 | €15,235 | €15,028 | €15,846 | ▲ 5.4% |
| Other operating charges640/8 | - | - | - | €5,048 | €3,931 | €4,881 | €4,996 | €5,052 | ▲ 1.1% |
| Gross operating margin9900 | €31,165 | €29,259 | €32,475 | €12,470 | €26,668 | €22,334 | €21,575 | €23,221 | ▲ 7.6% |
| Operating profit (loss)9901 | -€2,595 | -€4,628 | €1,370 | -€10,552 | €7,966 | €2,217 | €1,550 | €2,323 | ▲ 49.8% |
| Financial income75/76B | - | - | - | €169,256 | €41,093 | €534 | €743 | €405 | ▼ 45.4% |
| Recurring financial income75 | €0 | - | €1 | €4 | €13 | €534 | €743 | €405 | ▼ 45.4% |
| Non-recurring financial income76B | - | - | - | €169,252 | €41,080 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €156 | €160 | €135 | €225 | €347 | ▲ 54.2% |
| Recurring financial charges65 | €108 | €109 | €112 | €156 | €160 | €135 | €225 | €347 | ▲ 54.2% |
| Profit (loss) for the period before taxes9903 | -€2,703 | -€4,737 | €1,258 | €158,549 | €48,899 | €2,616 | €2,068 | €2,381 | ▲ 15.1% |
| Income taxes67/77 | - | - | - | - | €8,100 | €688 | €563 | €633 | ▲ 12.5% |
| Profit (loss) for the period9904 | -€2,703 | -€4,737 | €1,258 | €158,549 | €40,799 | €1,928 | €1,505 | €1,748 | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | -€2,703 | -€4,737 | €1,258 | €158,549 | €40,799 | €1,928 | €1,505 | €1,748 | ▲ 16.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €728,165 | €723,039 | €724,026 | €882,573 | €931,601 | €575,979 | €577,519 | €582,533 | ▲ 0.9% |
| Fixed assets21/28 | €661,901 | €635,820 | €609,733 | €551,742 | €523,082 | €518,179 | €503,151 | €515,582 | ▲ 2.5% |
| Tangible fixed assets22/27 | €661,901 | €635,820 | €609,733 | €551,742 | €523,082 | €518,179 | €503,151 | €515,582 | ▲ 2.5% |
| Land and buildings22 | - | - | - | €543,329 | €509,222 | €498,635 | €486,036 | €500,897 | ▲ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €6,809 | €13,249 | €19,544 | €17,115 | €14,685 | ▼ 14.2% |
| Furniture and vehicles24 | - | - | - | €1,604 | €611 | €0 | - | - | - |
| Current assets29/58 | €66,264 | €87,219 | €114,293 | €330,831 | €408,519 | €57,800 | €74,369 | €66,951 | ▼ 10.0% |
| Amounts receivable within one year40/41 | €8,399 | €13,283 | €4,838 | €5,131 | €6,644 | €5,760 | €10,629 | €8,756 | ▼ 17.6% |
| Trade receivables40 | - | - | - | - | - | - | - | €223 | - |
| Other amounts receivable41 | - | - | - | €5,131 | €6,644 | €5,760 | €10,629 | €8,534 | ▼ 19.7% |
| Cash at bank and in hand54/58 | €57,866 | €73,936 | €109,455 | €325,700 | €401,875 | €51,034 | €62,951 | €57,746 | ▼ 8.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,006 | €789 | €448 | ▼ 43.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €728,165 | €723,039 | €724,026 | €882,573 | €931,601 | €575,979 | €577,519 | €582,533 | ▲ 0.9% |
| Equity10/15 | €727,494 | €722,758 | €724,016 | €882,565 | €923,364 | €575,293 | €576,798 | €578,546 | ▲ 0.3% |
| Contributions10/11 | €883,050 | €883,050 | €883,050 | €883,050 | €883,050 | €547,610 | €547,610 | €547,610 | = |
| Capital10 | - | - | - | €883,050 | €883,050 | €547,610 | €547,610 | €547,610 | = |
| Issued capital100 | - | - | - | €883,050 | €883,050 | €547,610 | €547,610 | €547,610 | = |
| Reserves13 | - | - | - | - | €2,016 | €2,112 | €2,187 | €2,277 | ▲ 4.1% |
| Non-distributable reserves130/1 | - | - | - | - | €2,016 | €2,112 | €2,187 | €2,277 | ▲ 4.1% |
| Legal reserve130 | - | - | - | - | €2,016 | €2,112 | €2,187 | €2,277 | ▲ 4.1% |
| Profit (loss) carried forward14 | -€155,556 | -€160,292 | -€159,034 | -€485 | €38,299 | €25,571 | €27,000 | €28,658 | ▲ 6.1% |
| Amounts payable17/49 | €671 | €282 | €10 | €8 | €8,237 | €686 | €721 | €3,987 | ▲ 453% |
| Amounts payable within one year42/48 | €671 | €282 | €10 | €8 | €8,100 | €537 | €721 | €3,032 | ▲ 320% |
| Trade debts44 | - | €32 | €10 | €8 | €0 | - | €163 | €515 | ▲ 216% |
| Suppliers440/4 | - | - | - | €8 | €0 | - | €163 | €515 | ▲ 216% |
| Taxes, remuneration and social security45 | - | - | - | - | €8,100 | €537 | €559 | €2,088 | ▲ 274% |
| Taxes450/3 | - | - | - | - | €8,100 | €537 | €559 | €2,088 | ▲ 274% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €430 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €137 | €149 | €0 | €955 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,703 | -€4,737 | €1,258 | €158,549 | €40,799 | €1,928 | €1,505 | €1,748 | ▲ 16.1% |
| + Depreciation and write-downs630 | €29,087 | €29,136 | €26,087 | €17,973 | €14,771 | €15,235 | €15,028 | €15,846 | ▲ 5.4% |
| Operating cash flow (approximation) | €26,383 | €24,400 | €27,346 | €176,522 | €55,570 | €17,163 | €16,533 | €17,594 | ▲ 6.4% |
| Investment in fixed assets (approximation) | - | -€3,056 | €0 | €40,018 | €13,889 | -€10,331 | €0 | -€28,278 | - |
| Change in cash | - | €16,071 | €35,519 | €216,245 | €76,174 | -€350,841 | €11,917 | -€5,205 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-07-2026 | 2026-00275405 |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00303278 |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00304378 |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00257379 |
| 31-12-2021 | micro format | 03-06-2022 | 2022-20050018 |
| 31-12-2020 | micro format | 04-06-2021 | 2021-17500434 |
| 31-12-2019 | micro format | 08-06-2020 | 2020-15600575 |
| 31-12-2018 | micro format | 12-06-2019 | 2019-17900224 |
| 31-12-2017 | micro format | 04-06-2018 | 2018-15400380 |
| 31-12-2016 | micro format | 02-06-2017 | 2017-14700412 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jan Van Achter |
|
| Christiane Van Achter |
|
| Godeliva Van Achter |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-07
Gazette deed
Resignations: Christiane Van Achter (director) and Godeliva Van Achter (director)Appointment: Jan Van Achter (director) · Director discharge · Registered-office move9 facts ▸
- General meeting, 22-06-2026
- Director resignation, Christiane Van Achter (director)
- Director resignation, Godeliva Van Achter (director)
- Director discharge, Christiane Van Achter
- Director discharge, Godeliva Van Achter
- Director appointment, Jan Van Achter (director)
- Board composition, Jan Van Achter (sole director)
- Board meeting, 03-07-2026
- Registered-office move, Vitsstraat 119, 9255 Buggenhout
13-10
Gazette deed
Reappointments: VAN ACHTER Christiane Agnes Josephina Adolphina (director) and VAN ACHTER Godeliva Egidia Cordule Marie (director)Registered office clause · Capital decrease · Amendment of the articles9 facts ▸
- General meeting, 29-09-2023
- Registered office clause, “Vlaams Gewest, Dries 62,9255 Buggenhout” (deed in Dutch)
- Capital decrease, €350,000
- Other provision, “minstens twee maanden, uitstel uitkering of terugbetaling” (deed in Dutch)
- Other provision, “enige bestuurder” (deed in Dutch)
- Amendment of the articles
- Capital, €547,610
- Director reappointment, VAN ACHTER Christiane Agnes Josephina Adolphina (director)
- Director reappointment, VAN ACHTER Godeliva Egidia Cordule Marie (director)
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42522A0448/00R000 | Flanders | 1,740 m² | 1 · 141 m² | 8.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- RETHCA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Vertegenwoordiging van de vennootschap De vennootschap wordt geldig vertegenwoordigd door twee bestuurders, samen handelend, of door een…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Enige bestuurder, door enige bestuurder” (deed in Dutch)“Enige bestuurder, alle handelingen nodig of dienstig tot verwezenlijking voorwerp” (deed in Dutch)“Enige bestuurder, niet bezoldigd tenzij AV anders beslist” (deed in Dutch)“Raad van bestuur, door loutere kennisgeving aan raad kan zelf nodige doen voor tegenwerpbaarheid aan derden” (deed in Dutch)“Raad van bestuur, kiest onder leden voorzitter” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00