RIANO
ActiveThe annual accounts of RIANO for fiscal year 2024 show a net loss of 93% of the equity at the start of that year. The 2024 annual accounts show equity of €7k and a net result of €-85k. Equity is shrinking by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 19348 sector peers (fiscal year 2024). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency27▼-49
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.03 against 0.47 in 2023; short-term debt: 98.4% and cash: 1.1% of total assets), and 98.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
1.6%
Return on assets
-20.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-85k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 19348 sector peers (2024).
NBB · sector comparisonPosition among 19348 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
30 d late
2022
132 d early
2021
59 d late
2020
44 d late
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€7k▼ 92.7%
2023 · €91k
2018: €101k
2019: €88k
2020: €87k
2021: €37k
2022: €120k
2023: €91k
2018 → 2024
Total assets
€409k▲ 126%
2023 · €181k
2018: €124k
2019: €107k
2020: €107k
2021: €178k
2022: €124k
2023: €181k
2018 → 2024
Net result
€-85k▼ 196%
2023 · €-29k
2018: €-18k
2019: €-13k
2020: €-1k
2021: €-50k
2022: €83k
2023: €-29k
2018 → 2024
Working capital
€-389k▼ 717%
2023 · €-48k
2018: €34k
2019: €36k
2020: €37k
2021: €-8k
2022: €83k
2023: €-48k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€87k-€37k▼ 57.8%€120k▲ 225%€91k▼ 23.9%€7k▼ 92.7%
Operating result€431-€-49k€88k€-33k€-84k▼ 156%
Net result€-1k-€-50k▼ 4,543%€83k€-29k€-85k▼ 196%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €84k in 2024 against €33k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €409k
Fixed assets
€396k▲ 185%
Current assets
€13k▼ 69.8%
Equity and liabilities €409k
Equity
€7k▼ 92.7%
Debt
€402k▲ 350%
The debt ratio rises from 49.5% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-65k▼
2023 · €-23k
Cash flow
€-66k▼
2023 · €-19k
Solvency
1.6%▼
2023 · 50.5%
Current ratio
0.03▼
2023 · 0.47
Quick ratio
0.03▼
2023 · 0.47
Debt / equity
60.21▲
2023 · 0.98
ROA
-20.7%▼
2023 · -15.8%
Interest coverage
-199.04▼
2023 · -71.66
Debt
€402k▲
2023 · €89k
Debt ≤ 1 year
€402k▲
2023 · €89k
A ratio outside any meaningful range has been withheld (balance sheet total €409k, equity €7k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€181k€409k▲
Fixed assets21/28€139k€396k▲
Tangible fixed assets22/27€139k€396k▲
Land and buildings22€29k€277k▲
Plant, machinery and equipment23€110k€119k▲
Furniture and vehicles24€616€0▼
Current assets29/58€42k€13k▼
Amounts receivable within one year40/41€41k€8k▼
Trade receivables40€10k€8k▼
Other amounts receivable41€31k-
Cash at bank and in hand54/58€957€5k▲
Equity and liabilities
Total equity and liabilities10/49€181k€409k▲
Equity10/15€91k€7k▼
Contributions10/11€19k€19k=
Reserves13€60k€60k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€12k€-72k▼
Amounts payable17/49€89k€402k▲
Amounts payable within one year42/48€89k€402k▲
Trade debts44€0€0=
Suppliers440/4€0€0=
Taxes, remuneration and social security45€6k-
Taxes450/3€6k-
Remuneration and social security454/9€1-
Other amounts payable47/48€83k€402k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€19k▲
Other operating charges640/8€486€35k▲
Gross operating margin9900€-23k€-31k▼
Operating profit (loss)9901€-33k€-84k▼
Financial income75/76B€18-
Recurring financial income75€18-
Financial charges65/66B€326€329▲
Recurring financial charges65€326€329▲
Profit (loss) for the period before taxes9903€-33k€-85k▼
Income taxes67/77€-5k-
Profit (loss) for the period9904€-29k€-85k▼
Profit (loss) for the period to be appropriated9905€-29k€-85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-72k▼
Profit (loss) brought forward from the previous period14P€41k€12k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Weakest financial yearnet €-85k
Net result drops to €-85k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €83k
Net result €83k after 4 loss-making years.
31-12
Financial
Liquidity times 21current ratio 19.48
Current ratio from 0.94 to 19.48; short-term debt falls from €141k to €4k.
31-12
Financial
Equity above €100kEq €120k ▲225%
Equity rises from €37k to €120k.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 63 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 1986
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.
Dautzenbergstraat 41050 ElseneGround area
113 m²
Building footprint
75 m²
Volume, LiDAR
902 m³
Parcel 21444B0198/00X000, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SPRL ANDRE RIANO
since 19862.036.238.846
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0198/00X000 | Brussels | 113 m² | 1 · 75 m² | 16.1 m · 4 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.
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Immo T.L.C.
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Immo Faes
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BDI Investments Partners
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,906. 2,390 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-06-1985
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.