RETHINKCO
Bankruptcy closedInactive since 23-05-2026; last annual accounts for fiscal year 2021.
Summary
RETHINKCO was declared bankrupt (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed by liquidation by judgment of 18-05-2026, published in the Belgian State Gazette on 22-05-2026.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
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Financials · fiscal year 2021, micro schema
Equity
€4.0m▲ 1.8%
2020 · €4.0m
Total assets
€4.5m▲ 1.1%
2020 · €4.4m
Net result
€69,474▲ 20.5%
2020 · €57,664
Working capital
€4.0m▲ 1.0%
2020 · €4.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€73,759--€40,926▲ 44.5%-€34,967▲ 14.6%-€25,389▲ 27.4%
Net result-€39,413-€11,323€57,664▲ 409%€69,474▲ 20.5%
Equity€3.9m-€3.9m▲ 0.3%€4.0m▲ 1.5%€4.0m▲ 1.8%
Total assets€4.9m-€4.5m▼ 8.4%€4.4m▼ 2.3%€4.5m▲ 1.1%
Debt€1.0m-€619,320▼ 40.9%€457,033▼ 26.2%€434,460▼ 4.9%
Working capital€3.9m-€3.9m▲ 0.7%€4.0m▲ 1.6%€4.0m▲ 1.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,389 in 2021 against €34,967 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.5m
Fixed assets
€63,399 ▲ 82.8%
Current assets
€4.4m ▲ 0.4%
Equity and liabilities €4.5m
Equity
€4.0m ▲ 1.8%
Debt
€434,460 ▼ 4.9%
Debt's share of the balance-sheet total falls from 10.3% to 9.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€22,244▲
2020 · -€33,632
Cash flow
€72,619▲
2020 · €58,998
Current ratio
11.14▲
2020 · 10.51
Debt to equity
0.11
ROE
1.7%▲
2020 · 1.5%
ROA
1.6%▲
2020 · 1.3%
Interest coverage
-3.46
Debt ≤ 1 year
€395,001▼
2020 · €417,255
Income taxes
€749▼
2020 · €11,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,201 | €8,280 | €1,335 | €3,145 | ▲ 136% |
| Other operating charges640/8 | - | - | - | €3,287 | - |
| Gross operating margin9900 | -€50,265 | -€17,791 | -€31,498 | -€18,957 | ▲ 39.8% |
| Operating profit (loss)9901 | -€73,759 | -€40,926 | -€34,967 | -€25,389 | ▲ 27.4% |
| Financial income75/76B | - | - | - | €102,041 | - |
| Recurring financial income75 | €74,556 | €81,955 | €118,767 | €102,041 | ▼ 14.1% |
| Financial charges65/66B | - | - | - | €6,430 | - |
| Recurring financial charges65 | €38,355 | €28,710 | €15,002 | €6,430 | ▼ 57.1% |
| Profit (loss) for the period before taxes9903 | -€37,558 | €12,319 | €68,799 | €70,222 | ▲ 2.1% |
| Income taxes67/77 | €1,855 | €996 | €11,135 | €749 | ▼ 93.3% |
| Profit (loss) for the period9904 | -€39,413 | €11,323 | €57,664 | €69,474 | ▲ 20.5% |
| Profit (loss) for the period to be appropriated9905 | -€39,413 | €11,323 | €57,664 | €69,474 | ▲ 20.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4.9m | €4.5m | €4.4m | €4.5m | ▲ 1.1% |
| Fixed assets21/28 | €40,701 | €36,020 | €34,686 | €63,399 | ▲ 82.8% |
| Tangible fixed assets22/27 | €25,137 | €20,456 | €19,122 | €47,835 | ▲ 150% |
| Furniture and vehicles24 | - | - | - | €25,536 | - |
| Other tangible fixed assets26 | - | - | - | €22,299 | - |
| Financial fixed assets28 | €15,564 | €15,564 | €15,564 | €15,564 | = |
| Current assets29/58 | €4.9m | €4.5m | €4.4m | €4.4m | ▲ 0.4% |
| Amounts receivable after more than one year29 | - | - | - | €2.1m | - |
| Other amounts receivable291 | - | - | - | €2.1m | - |
| Amounts receivable within one year40/41 | €860,926 | €1.3m | €1.4m | €1.7m | ▲ 18.1% |
| Other amounts receivable41 | - | - | - | €1.7m | - |
| Current investments50/53 | €2.5m | €1.7m | €1.4m | €573,042 | ▼ 60.2% |
| Cash at bank and in hand54/58 | €17,095 | €1,501 | €1,253 | €24,603 | ▲ 1,863% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4.9m | €4.5m | €4.4m | €4.5m | ▲ 1.1% |
| Equity10/15 | €3.9m | €3.9m | €4.0m | €4.0m | ▲ 1.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | - |
| Reserves13 | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Non-distributable reserves130/1 | - | - | - | €27,193 | - |
| Reserves not available under the articles1311 | - | - | - | €27,193 | - |
| Distributable reserves133 | - | - | - | €4.0m | - |
| Profit (loss) carried forward14 | -€129,678 | -€118,355 | -€60,692 | €8,782 | ▲ 114% |
| Amounts payable17/49 | €1.0m | €619,320 | €457,033 | €434,460 | ▼ 4.9% |
| Amounts payable within one year42/48 | €1.0m | €584,106 | €417,255 | €395,001 | ▼ 5.3% |
| Financial debts43 | - | - | - | €350,000 | - |
| Credit institutions430/8 | - | - | - | €350,000 | - |
| Trade debts44 | €694 | €174 | €2,691 | €20,615 | ▲ 666% |
| Suppliers440/4 | - | - | - | €20,615 | - |
| Taxes, remuneration and social security45 | - | - | - | €18,003 | - |
| Taxes450/3 | - | - | - | €18,003 | - |
| Other amounts payable47/48 | - | - | - | €6,383 | - |
| Accrued charges and deferred income492/3 | - | - | - | €39,459 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,413 | €11,323 | €57,664 | €69,474 | ▲ 20.5% |
| + Depreciation and write-downs630 | €8,201 | €8,280 | €1,335 | €3,145 | ▲ 136% |
| Operating cash flow (approximation) | -€31,212 | €19,603 | €58,998 | €72,619 | ▲ 23.1% |
| Investment in fixed assets (approximation) | - | -€3,600 | €0 | -€31,858 | - |
| Change in cash | - | -€15,594 | -€248 | €23,350 | ▲ 9,509% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
22-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Brugge · event 18-05-2026
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
2021
31-12
Financial
Highest result since 2018net €69,474 ▲20.5%
Operating result -€25,389, net result €69,474, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 341 days late
2019
31-12
Financial
Back to profitnet €11,323
Net result €11,323 after one loss-making year.
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 193 days late
2014
23-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 54 days late
2013
29-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist
Ground area
217 m²
Building footprint
169 m²
Volume, LiDAR
1,169 m³
Parcel 31337C0542/00A000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31337C0542/00A000 | Flanders | 217 m² | 1 · 169 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
44%
According to the 2021 annual accounts of RETHINKCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-12-2005
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.