RICAPS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is a profit of €19,451, after a loss of €9,270 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 31-08-2024 | 31-08-2025 |
|---|---|---|
| Tangible fixed assets | €10,907 | - |
| Depreciation and write-downs of the year | €4,133 | €3,559 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,133 | €3,559 | ▼ 13.9% |
| Other operating charges640/8 | - | €111 | - |
| Gross operating margin9900 | -€5,136 | €23,120 | - |
| Operating profit (loss)9901 | -€9,270 | €19,451 | - |
| Financial income75/76B | €11 | - | - |
| Recurring financial income75 | €11 | - | - |
| Financial charges65/66B | €281 | €1,993 | ▲ 611% |
| Recurring financial charges65 | €281 | €1,993 | ▲ 611% |
| Profit (loss) for the period before taxes9903 | -€9,539 | €17,457 | - |
| Income taxes67/77 | - | €1,673 | - |
| Profit (loss) for the period9904 | -€9,539 | €15,784 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,539 | €15,784 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €30,648 | €52,078 | ▲ 69.9% |
| Fixed assets21/28 | €6,774 | €3,215 | ▼ 52.5% |
| Tangible fixed assets22/27 | €6,774 | €3,215 | ▼ 52.5% |
| Plant, machinery and equipment23 | €495 | €380 | ▼ 23.3% |
| Furniture and vehicles24 | €6,278 | €2,835 | ▼ 54.8% |
| Current assets29/58 | €23,875 | €48,864 | ▲ 105% |
| Amounts receivable within one year40/41 | €23,581 | €33,075 | ▲ 40.3% |
| Trade receivables40 | €22,992 | €32,009 | ▲ 39.2% |
| Other amounts receivable41 | €590 | €1,066 | ▲ 80.8% |
| Cash at bank and in hand54/58 | - | €15,788 | - |
| Deferred charges and accrued income490/1 | €293 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €30,648 | €52,078 | ▲ 69.9% |
| Equity10/15 | €461 | €16,245 | ▲ 35× |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€9,539 | €6,245 | - |
| Amounts payable17/49 | €30,188 | €35,833 | ▲ 18.7% |
| Amounts payable within one year42/48 | €30,188 | €35,833 | ▲ 18.7% |
| Financial debts43 | €1,743 | - | - |
| Credit institutions430/8 | €1,743 | - | - |
| Trade debts44 | €25,174 | €25,928 | ▲ 3.0% |
| Suppliers440/4 | €25,174 | €25,928 | ▲ 3.0% |
| Taxes, remuneration and social security45 | - | €1,673 | - |
| Taxes450/3 | - | €1,673 | - |
| Other amounts payable47/48 | €3,270 | €8,232 | ▲ 152% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€9,539 | €15,784 | - |
| + Depreciation and write-downs630 | €4,133 | €3,559 | ▼ 13.9% |
| Operating cash flow (approximation) | -€5,406 | €19,343 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as RICAPS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RICAPS itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for RICAPS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.