From the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Riba Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €284,151 and a net result of €104,182. Equity is growing by about 53% per year across the filed financial years. Its solvency ranks better than 40% of 9,750 sector peers (NACE 64, financial year 2025). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 16-07-2026
- Format
- micro format
- Reference
- 2026-00299034
Equity
€284,151▲ 57.9%
2024 · €179,968
Net result
€104,182▲ 34.0%
2024 · €77,746
Total assets
€726,285▲ 7.5%
2024 · €675,672
Solvency
39.1%▲ 12.5pp
2024 · 26.6%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€165,664
2025
Net result€104,182
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€726,285
2025
Equity€284,151
2025
Debt€442,135
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€151,580
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)14.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency39.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.69
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)14.2
2019
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€31,829-€148,092▲ 365%€7,094▼ 95.2%€82,320▲ 12×€72,388▼ 12.1%€72,385=€113,156▲ 56.3%€165,664▲ 46.4%
Net result€14,495-€134,219▲ 826%€1,255below the sector's middle half▼ 99.1%€77,383within the sector's middle half▲ 62×€119,336above the sector's middle half▲ 54.2%€50,104within the sector's middle half▼ 58.0%€77,746within the sector's middle half▲ 55.2%€104,182above the sector's middle half▲ 34.0%
Equity-€280,076--€145,857▲ 47.9%-€144,602below the sector's middle half▲ 0.9%-€67,218below the sector's middle half▲ 53.5%€52,118within the sector's middle half€102,222within the sector's middle half▲ 96.1%€179,968within the sector's middle half▲ 76.1%€284,151within the sector's middle half▲ 57.9%
Total assets€352,095-€197,241▼ 44.0%€77,292below the sector's middle half▼ 60.8%€46,448below the sector's middle half▼ 39.9%€96,074below the sector's middle half▲ 107%€149,006within the sector's middle half▲ 55.1%€675,672within the sector's middle half▲ 353%€726,285within the sector's middle half▲ 7.5%
Debt€632,171-€343,098▼ 45.7%€221,894▼ 35.3%€113,667▼ 48.8%€43,956▼ 61.3%€46,784▲ 6.4%€495,703▲ 960%€442,135▼ 10.8%
Working capital-€280,076--€145,857▲ 47.9%-€144,602within the sector's middle half▲ 0.9%€11,710within the sector's middle half€47,232within the sector's middle half▲ 303%€96,016within the sector's middle half▲ 103%€54,443within the sector's middle half▼ 43.3%€151,580above the sector's middle half▲ 178%
Solvency-79.5%--73.9%▲ 5.6pp-187.1%below the sector's middle half▼ 113.1pp-144.7%below the sector's middle half▲ 42.4pp54.2%within the sector's middle half▲ 199.0pp68.6%within the sector's middle half▲ 14.4pp26.6%within the sector's middle half▼ 42.0pp39.1%within the sector's middle half▲ 12.5pp
Current ratio0.56-0.57▲ 0.020.35within the sector's middle half▼ 0.231.34within the sector's middle half▲ 0.992.08within the sector's middle half▲ 0.743.05within the sector's middle half▲ 0.971.72within the sector's middle half▼ 1.333.69within the sector's middle half▲ 1.96
Return on assets (ROA)4.1%-68.0%▲ 63.9pp1.6%within the sector's middle half▼ 66.4pp166.6%above the sector's middle half▲ 165.0pp124.2%above the sector's middle half▼ 42.4pp33.6%above the sector's middle half▼ 90.6pp11.5%within the sector's middle half▼ 22.1pp14.3%within the sector's middle half▲ 2.8pp
Staff (FTE)15.7-14.2▼ 9.6%
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €726,285
Fixed assets
€518,266 ▼ 5.0%
Current assets
€208,019 ▲ 60.1%
Equity and liabilities €726,285
Equity
€284,151 ▲ 57.9%
Debt
€442,135 ▼ 10.8%
Debt's share of the balance-sheet total falls from 73.4% to 60.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
36.7%▼
2024 · 43.2%
Debt ≤ 1 year
€56,439▼
2024 · €75,462
Debt > 1 year
€385,696▼
2024 · €420,241
Income taxes
€43,304▲
2024 · €28,546
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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €183 | €18,862 | €31,099 | ▲ 64.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €2,745 | - |
| Other operating charges640/8 | - | - | - | €1,383 | €2,302 | €1,897 | €3,495 | €1,704 | ▼ 51.2% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €489,245 | €585,296 | €47,854 | €83,703 | €74,691 | €74,464 | €135,513 | €201,212 | ▲ 48.5% |
| Operating profit (loss)9901 | €31,829 | €148,092 | €7,094 | €82,320 | €72,388 | €72,385 | €113,156 | €165,664 | ▲ 46.4% |
| Financial income75/76B | - | - | - | €589 | €60,389 | €238 | - | €15 | - |
| Recurring financial income75 | - | - | - | €589 | €60,389 | €238 | - | €15 | - |
| Financial charges65/66B | - | - | - | €5,087 | €961 | €697 | €6,864 | €18,192 | ▲ 165% |
| Recurring financial charges65 | €17,334 | €13,873 | €5,839 | €5,087 | €961 | €697 | €6,864 | €18,192 | ▲ 165% |
| Profit (loss) for the period before taxes9903 | €14,495 | €134,219 | €1,255 | €77,822 | €131,815 | €71,926 | €106,292 | €147,486 | ▲ 38.8% |
| Income taxes67/77 | - | - | - | €439 | €12,479 | €21,822 | €28,546 | €43,304 | ▲ 51.7% |
| Profit (loss) for the period9904 | €14,495 | €134,219 | €1,255 | €77,383 | €119,336 | €50,104 | €77,746 | €104,182 | ▲ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €14,495 | €134,219 | €1,255 | €77,383 | €119,336 | €50,104 | €77,746 | €104,182 | ▲ 34.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €352,095 | €197,241 | €77,292 | €46,448 | €96,074 | €149,006 | €675,672 | €726,285 | ▲ 7.5% |
| Fixed assets21/28 | - | - | - | - | €5,000 | €6,206 | €545,766 | €518,266 | ▼ 5.0% |
| Tangible fixed assets22/27 | - | - | - | - | - | €1,206 | €540,766 | €513,266 | ▼ 5.1% |
| Land and buildings22 | - | - | - | - | - | - | €467,491 | €457,816 | ▼ 2.1% |
| Furniture and vehicles24 | - | - | - | - | - | €1,206 | €73,275 | €55,450 | ▼ 24.3% |
| Financial fixed assets28 | - | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €352,095 | €197,241 | €77,292 | €46,448 | €91,074 | €142,800 | €129,906 | €208,019 | ▲ 60.1% |
| Stocks and contracts in progress3 | €98,090 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €76,552 | €126,987 | €52,227 | €40,864 | €47,956 | €48,873 | €37,233 | €108,699 | ▲ 192% |
| Trade receivables40 | - | - | - | €34,240 | €43,280 | €44,490 | €25,735 | €96,544 | ▲ 275% |
| Other amounts receivable41 | - | - | - | €6,624 | €4,676 | €4,383 | €11,498 | €12,155 | ▲ 5.7% |
| Cash at bank and in hand54/58 | €149,553 | €19,600 | €25,065 | €3,915 | €41,492 | €91,328 | €90,417 | €96,927 | ▲ 7.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,670 | €1,625 | €2,600 | €2,255 | €2,393 | ▲ 6.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €352,095 | €197,241 | €77,292 | €46,448 | €96,074 | €149,006 | €675,672 | €726,285 | ▲ 7.5% |
| Equity10/15 | -€280,076 | -€145,857 | -€144,602 | -€67,218 | €52,118 | €102,222 | €179,968 | €284,151 | ▲ 57.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €120,860 | €170,860 | €247,860 | €351,860 | ▲ 42.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €119,000 | €170,860 | €247,860 | €351,860 | ▲ 42.0% |
| Profit (loss) carried forward14 | -€300,536 | -€166,317 | -€165,062 | -€87,678 | -€87,342 | -€87,238 | -€86,492 | -€86,309 | ▲ 0.2% |
| Amounts payable17/49 | €632,171 | €343,098 | €221,894 | €113,667 | €43,956 | €46,784 | €495,703 | €442,135 | ▼ 10.8% |
| Amounts payable after more than one year17 | - | - | - | €78,928 | - | - | €420,241 | €385,696 | ▼ 8.2% |
| Financial debts170/4 | - | - | - | €18,928 | - | - | €420,241 | €385,696 | ▼ 8.2% |
| Other amounts payable178/9 | - | - | - | €60,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €632,171 | €343,098 | €221,894 | €34,738 | €43,841 | €46,784 | €75,462 | €56,439 | ▼ 25.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,904 | €18,928 | - | €33,232 | €34,545 | ▲ 3.9% |
| Financial debts43 | - | - | - | €0 | - | €5,881 | €25,000 | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | €5,881 | €25,000 | - | - |
| Trade debts44 | €480,818 | €208,956 | €109,730 | €4,040 | €2,580 | €4,557 | €1,892 | €2,010 | ▲ 6.2% |
| Suppliers440/4 | - | - | - | €4,040 | €2,580 | €4,557 | €1,892 | €2,010 | ▲ 6.2% |
| Taxes, remuneration and social security45 | - | - | - | €5,794 | €22,333 | €34,683 | €14,253 | €19,884 | ▲ 39.5% |
| Taxes450/3 | - | - | - | €5,794 | €20,294 | €31,683 | €14,253 | €19,884 | ▲ 39.5% |
| Remuneration and social security454/9 | - | - | - | - | €2,038 | €3,000 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0 | - | €1,663 | €1,085 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €115 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,495 | €134,219 | €1,255 | €77,383 | €119,336 | €50,104 | €77,746 | €104,182 | ▲ 34.0% |
| + Depreciation and write-downs630 | - | - | - | - | - | €183 | €18,862 | €31,099 | ▲ 64.9% |
| Operating cash flow (approximation) | €14,495 | €134,219 | €1,255 | €77,383 | €119,336 | €50,287 | €96,608 | €135,282 | ▲ 40.0% |
| Investment in fixed assets (approximation) | - | - | - | - | - | -€1,388 | -€558,422 | -€3,600 | ▲ 99.4% |
| Change in cash | - | -€129,953 | €5,466 | -€21,151 | €37,578 | €49,835 | -€910 | €6,509 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00299034 | NBB |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00422569 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00390488 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00380242 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20370525 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-31400112 | |
| 31-12-2019 | abbreviated format | 17-07-2020 | 2020-31300325 | |
| 31-12-2018 | abbreviated format | 19-07-2019 | 2019-34500226 | |
| 31-12-2017 | abbreviated format | 12-07-2018 | 2018-32000348 | |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-30200511 |
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Subsidies and aid
Flemish government
2025 · 1 entry · €2,728 awarded · €2,728 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.