RHINO ELECTRONICS

Active

Private limited companyfounded 20224 yrs activeKattemstraat 49, 1760 Roosdaal, BelgiumKBO/BCE: BE 0786.875.678

Summary

The computed 12-month bankruptcy probability of RHINO ELECTRONICS is 6.3% (elevated). The 2024 annual accounts show negative equity (€-16k) and a net result of €-15k. Equity is shrinking by ~955.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

13 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-60

Solvency0▼-22

Growth32=

Track record94

Bankruptcy probability, 12 months

6.3% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.16 against 0.6 in 2023; short-term debt: 176% and cash: 5.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-119.5%

Return on assets

-112.9%

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

222324

2022 to 2024 · latest year €-16k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

20 d late

2023

35 d early

2022

25 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-16k▼ 1,729%

2023 · €-853

2022: €699 2023: €-853

2022 → 2024

Total assets

€13k▼ 61.0%

2023 · €34k

2022: €19k 2023: €34k

2022 → 2024

Net result

€-15k▼ 851%

2023 · €-2k

2022: €-1k 2023: €-2k

2022 → 2024

Working capital

€-19k▼ 93.9%

2023 · €-10k

2022: €-4k 2023: €-10k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€699-€-853€-16k▼ 1,729%

Operating result€-634-€414€-14k

Net result€-1k-€-2k▼ 19.3%€-15k▼ 851%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €14k after €414 in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €13k

71.5%

28.5%

Fixed assets €9k ▼ 50.6%

Current assets €4k ▼ 74.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-10k▼

2023 · €5k

Cash flow

€-11k▼

2023 · €3k

Solvency

-119.5%▼

2023 · -2.5%

Current ratio

0.16▼

2023 · 0.60

Debt to equity

-1.84

ROA

-112.9%▼

2023 · -4.6%

Interest coverage

-13.74▼

2023 · 5.60

Debt

€29k▼

2023 · €34k

Debt ≤ 1 year

€23k▼

2023 · €25k

Debt > 1 year

€6k▼

2023 · €9k

Income taxes

€31▼

2023 · €1k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines

Balance sheet Code20232024

Assets

Total assets20/58€34k€13k▼

Fixed assets21/28€19k€9k▼

Tangible fixed assets22/27€19k€9k▼

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€17k€8k▼

Current assets29/58€15k€4k▼

Amounts receivable within one year40/41€4k€3k▼

Trade receivables40€2k€3k▲

Other amounts receivable41€1k€333▼

Cash at bank and in hand54/58€365€660▲

Deferred charges and accrued income490/1€11k€0▼

Equity and liabilities

Total equity and liabilities10/49€34k€13k▼

Equity10/15€-853€-16k▼

Contributions10/11€2k€2k=

Profit (loss) carried forward14€-3k€-18k▼

Amounts payable17/49€34k€29k▼

Amounts payable after more than one year17€9k€6k▼

Financial debts170/4€9k€6k▼

Amounts payable within one year42/48€25k€23k▼

Current portion of amounts payable after more than one year42€6k€2k▼

Trade debts44€10k€12k▲

Suppliers440/4€10k€12k▲

Taxes, remuneration and social security45€1k€1k▼

Taxes450/3€1k€1k▼

Other amounts payable47/48€7k€8k▲

Accrued charges and deferred income492/3€934€0▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-

Other operating charges640/8€1k€6k▲

Gross operating margin9900€6k€-4k▼

Operating profit (loss)9901€414€-14k▼

Financial income75/76B€7€9▲

Recurring financial income75€7€9▲

Financial charges65/66B€854€755▼

Recurring financial charges65€854€755▼

Profit (loss) for the period before taxes9903€-433€-15k▼

Income taxes67/77€1k€31▼

Profit (loss) for the period9904€-2k€-15k▼

Profit (loss) for the period to be appropriated9905€-2k€-15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-3k€-18k▼

Profit (loss) brought forward from the previous period14P€-1k€-3k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

20-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 20 days late

2024

31-12

Financial Weakest financial yearnet €-15k

Net result drops to €-15k, the lowest in the series.

26-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

25-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 25 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Roosdaal · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kattemstraat 491760 Roosdaal

Ground area

140 m²

Building footprint

83 m²

Volume, LiDAR

472 m³

Parcel 23097B0527/00S000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Kattemstraat 49, 1760 Roosdaal

Printing and reproduction of recorded media

since 20222.332.274.334

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23097B0527/00S000	Flanders	140 m²	1 · 83 m²	9.9 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Welkenraedt · Eq €682

Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 724 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded07-06-2022

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

43212Electrical installation work in industrial facilities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.