RICAL
ActiveSummary
RICAL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.8m and a net result of -€83,925. Equity is growing by ~3.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability28▼-39
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
short-term debt: 0.1% and cash: 0.5% of total assets, and 0.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
26 d early
2022
6 d early
2021
3 d early
2020
36 d early
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€2.8m▼ 2.9%
2023 · €2.9m
Total assets
€2.8m▼ 6.8%
2023 · €3.1m
Net result
-€83,925▼ 116%
2023 · -€38,892
Working capital
€595,240▲ 0.8%
2023 · €590,250
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
Line20202021202220232024
Operating result-€86,085▲ 50.2%€600,332€309,673▼ 48.4%-€48,600-€89,758▼ 84.7%
Net result-€113,843▲ 42.1%€463,579€282,611▼ 39.0%-€38,892-€83,925▼ 116%
Equity€2.2m▼ 4.9%€2.7m▲ 20.9%€3.0m▲ 10.6%€2.9m▼ 1.3%€2.8m▼ 2.9%
Total assets€3.4m▼ 17.7%€2.8m▼ 16.7%€3.0m▲ 8.0%€3.1m=€2.8m▼ 6.8%
Debt€1.2m▼ 34.4%€146,091▼ 87.6%€88,214▼ 39.6%€128,247▲ 45.4%€3,420▼ 97.3%
Working capital-€1.0m▲ 12.6%€521,182€833,642▲ 60.0%€590,250▼ 29.2%€595,240▲ 0.8%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €89,758 in 2024 against €48,600 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 €2.8m
Fixed assets
€2.2m ▼ 3.8%
Current assets
€598,659 ▼ 16.7%
Equity and liabilities €2.8m
Equity
€2.8m ▼ 2.9%
Debt
€3,420 ▼ 97.3%
Debt's share of the balance-sheet total falls from 4.2% to 0.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,729▼
2023 · €83,648
Cash flow
€16,563▼
2023 · €93,356
Debt to equity
0.00▼
2023 · 0.04
ROE
-3.0%▼
2023 · -1.3%
ROA
-3.0%▼
2023 · -1.3%
Interest coverage
1.61▼
2023 · 14.77
Debt ≤ 1 year
€3,420▼
2023 · €128,247
A ratio outside any meaningful range has been withheld (balance sheet total €2.8m, equity €2.8m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €700,440 | €403,763 | €74,959 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €161,805 | €102,907 | €96,888 | €132,248 | €100,488 | ▼ 24.0% |
| Other operating charges640/8 | - | €13,752 | €7,220 | €7,851 | €6,723 | ▼ 14.4% |
| Gross operating margin9900 | €90,978 | €716,991 | €413,781 | €91,498 | €17,452 | ▼ 80.9% |
| Operating profit (loss)9901 | -€86,085 | €600,332 | €309,673 | -€48,600 | -€89,758 | ▼ 84.7% |
| Financial income75/76B | - | - | €14,676 | €15,371 | €12,493 | ▼ 18.7% |
| Recurring financial income75 | €2 | - | €14,676 | €15,371 | €12,493 | ▼ 18.7% |
| Financial charges65/66B | - | €15,131 | €1,574 | €5,662 | €6,660 | ▲ 17.6% |
| Recurring financial charges65 | €27,760 | €15,131 | €1,574 | €5,662 | €6,660 | ▲ 17.6% |
| Profit (loss) for the period before taxes9903 | -€113,843 | €585,201 | €322,776 | -€38,892 | -€83,925 | ▼ 116% |
| Income taxes67/77 | - | €121,622 | €40,165 | - | - | - |
| Profit (loss) for the period9904 | -€113,843 | €463,579 | €282,611 | -€38,892 | -€83,925 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | -€113,843 | €463,579 | €282,611 | -€38,892 | -€83,925 | ▼ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €2.8m | €3.0m | €3.1m | €2.8m | ▼ 6.8% |
| Fixed assets21/28 | €3.4m | €2.3m | €2.2m | €2.3m | €2.2m | ▼ 3.8% |
| Tangible fixed assets22/27 | €3.4m | €2.3m | €2.2m | €2.3m | €2.2m | ▼ 3.8% |
| Land and buildings22 | - | €2.3m | €2.2m | €2.3m | €2.2m | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €695 | €422 | €148 | €0 | ▼ 100% |
| Current assets29/58 | €7,564 | €571,516 | €886,058 | €718,497 | €598,659 | ▼ 16.7% |
| Amounts receivable within one year40/41 | €350 | €156,622 | €826,236 | €691,334 | €569,093 | ▼ 17.7% |
| Trade receivables40 | - | - | - | €1,262 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €156,622 | €826,236 | €690,072 | €569,093 | ▼ 17.5% |
| Cash at bank and in hand54/58 | €5,934 | €414,104 | €45,036 | €11,146 | €14,892 | ▲ 33.6% |
| Deferred charges and accrued income490/1 | - | €790 | €14,785 | €16,016 | €14,674 | ▼ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €2.8m | €3.0m | €3.1m | €2.8m | ▼ 6.8% |
| Equity10/15 | €2.2m | €2.7m | €3.0m | €2.9m | €2.8m | ▼ 2.9% |
| Contributions10/11 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Capital10 | - | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Issued capital100 | - | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Reserves13 | €36,075 | €36,075 | €180,910 | €142,019 | €58,094 | ▼ 59.1% |
| Non-distributable reserves130/1 | - | €1,300 | €8,550 | €8,550 | €8,550 | = |
| Legal reserve130 | - | €1,300 | €8,550 | €8,550 | €8,550 | = |
| Distributable reserves133 | - | €34,775 | €172,360 | €133,469 | €49,544 | ▼ 62.9% |
| Profit (loss) carried forward14 | -€601,354 | -€137,775 | - | - | - | - |
| Amounts payable17/49 | €1.2m | €146,091 | €88,214 | €128,247 | €3,420 | ▼ 97.3% |
| Amounts payable after more than one year17 | €128,038 | €81,897 | €35,799 | - | - | - |
| Financial debts170/4 | - | €81,897 | €35,799 | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €50,334 | €52,416 | €128,247 | €3,420 | ▼ 97.3% |
| Current portion of amounts payable after more than one year42 | - | €46,135 | €46,336 | €35,893 | €0 | ▼ 100% |
| Trade debts44 | €9,275 | €3,120 | €5,757 | €2,131 | €3,420 | ▲ 60.4% |
| Suppliers440/4 | - | €3,120 | €5,757 | €2,131 | €3,420 | ▲ 60.4% |
| Taxes, remuneration and social security45 | - | €1,079 | €323 | €223 | €0 | ▼ 100% |
| Taxes450/3 | - | €1,079 | €323 | €223 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €90,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €13,860 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€113,843 | €463,579 | €282,611 | -€38,892 | -€83,925 | ▼ 116% |
| + Depreciation and write-downs630 | €161,805 | €102,907 | €96,888 | €132,248 | €100,488 | ▼ 24.0% |
| Operating cash flow (approximation) | €47,962 | €566,486 | €379,499 | €93,356 | €16,563 | ▼ 82.3% |
| Investment in fixed assets (approximation) | - | €1.0m | -€7,081 | -€300,950 | -€11,573 | ▲ 96.2% |
| Change in cash | - | €408,170 | -€369,068 | -€33,889 | €3,746 | ▲ 111% |
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
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 31current ratio 175.07
Current ratio from 5.60 to 175.07; short-term debt falls from €128,247 to €3,420.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €463,579
Net result €463,579 after 3 loss-making years.
31-12
Financial
Liquidity times 1542current ratio 11.35
Current ratio from 0.01 to 11.35; short-term debt falls from €1.0m to €50,334.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
31-12
Financial
Weakest financial yearnet -€196,542
Net result drops to -€196,542, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Sint-Martens-Latem · 1 establishment unit since 2001
Ground area
208 m²
Building footprint
273 m²
Volume, LiDAR
812 m³
Parcel 44015A0307/00M004, Flanders · tallest building 14.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RICAL
since 20012.324.208.090
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0307/00M004 | Flanders | 208 m² | 1 · 273 m² | 14.4 m · 1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded28-11-1997
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.