RICAREL
ActiveRICAREL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €163k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 16% of 3169 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+22
Solvency8▲+2
Growth54▼-25
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.0 in 2024), and 88.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 70
Relative position
BE, all sectors
reference
Sector 70
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.4%
Return on assets
1.6%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3169 sector peers (2025).
NBB · sector comparisonPosition among 3169 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.2M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
34 d early
2023
77 d early
2022
67 d early
2021
27 d early
2020
31 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€35k▼ 51.3%
2024 · €71k
2021: €48k
2022: €48k
2023: €54k
2024: €71k
2021 → 2025
EBIT margin
-55.0%▼ 91.4pp
2024 · 36.4%
2021: 88.7%
2022: 88.4%
2023: 84.6%
2024: 36.4%
2021 → 2025
Net result
€163k▲ 1,417%
2024 · €11k
2018: €5k
2019: €27k
2020: €16k
2021: €-12k
2022: €33k
2023: €32k
2024: €11k
2018 → 2025
Working capital
€-8.72M▲ 2.1%
2024 · €-8.91M
2018: €-931k
2019: €-944k
2020: €-928k
2021: €-940k
2022: €-907k
2023: €-875k
2024: €-8.91M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€48k-€48k=€54k▲ 12.5%€71k▲ 32.2%€35k▼ 51.3%
Equity€914k-€947k▲ 3.6%€979k▲ 3.4%€990k▲ 1.1%€1.15M▲ 16.5%
Operating result€43k-€42k▼ 0.3%€46k▲ 7.6%€26k▼ 43.1%€-19k
Net result€-12k-€33k€32k▼ 2.7%€11k▼ 66.5%€163k▲ 1,417%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19k after €26k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.12M
Fixed assets
€10.10M▼ 0.5%
Current assets
€22k▲ 79.8%
Equity and liabilities €10.12M
Equity
€1.15M▲ 16.5%
Debt
€8.97M▼ 2.2%
The debt ratio falls from 90.3% to 88.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€32k▼
2024 · €52k
Cash flow
€214k▲
2024 · €36k
Solvency
11.4%▲
2024 · 9.7%
Current ratio
0.00▲
2024 · 0.00
Quick ratio
0.00▲
2024 · 0.00
Debt / equity
7.78▼
2024 · 9.27
ROE
14.1%▲
2024 · 1.1%
ROA
1.6%▲
2024 · 0.1%
Interest coverage
5.39▼
2024 · 18.94
Debt
€8.97M▼
2024 · €9.18M
Debt ≤ 1 year
€8.74M▼
2024 · €8.92M
Debt > 1 year
€229k▼
2024 · €256k
Income taxes
€-9k▼
2024 · €12k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.17M€10.12M▼
Fixed assets21/28€10.15M€10.10M▼
Intangible fixed assets21€112k€87k▼
Tangible fixed assets22/27€372k€345k▼
Land and buildings22€372k€345k▼
Financial fixed assets28€9.67M€9.67M=
Affiliated companies280/1€9.67M€9.67M=
Participating interests280€9.67M€9.67M=
Current assets29/58€12k€22k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€6k€442▼
Trade receivables40€6k€0▼
Other amounts receivable41€24€442▲
Cash at bank and in hand54/58€6k€18k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€10.17M€10.12M▼
Equity10/15€990k€1.15M▲
Contributions10/11€731k€731k=
Capital10€731k€731k=
Issued capital100€731k€731k=
Reserves13€125k€125k=
Non-distributable reserves130/1€73k€73k=
Legal reserve130€73k€73k=
Distributable reserves133€51k€51k=
Profit (loss) carried forward14€134k€297k▲
Amounts payable17/49€9.18M€8.97M▼
Amounts payable after more than one year17€256k€229k▼
Financial debts170/4€256k€229k▼
Credit institutions173€256k€229k▼
Amounts payable within one year42/48€8.92M€8.74M▼
Current portion of amounts payable after more than one year42€24k€25k▲
Trade debts44€3k€20▼
Suppliers440/4€3k€20▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€8.89M€8.71M▼
Income statement
Code20242025
Operating income70/76A€74k€40k▼
Turnover70€71k€35k▼
Other operating income74€3k€5k▲
Operating charges60/66A€48k€59k▲
Services and other goods61€20k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€51k▲
Other operating charges640/8€2k€2k▼
Operating profit (loss)9901€26k€-19k▼
Financial income75/76B-€180k
Recurring financial income75-€180k
Income from current assets751-€180k
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Debt charges650€3k€6k▲
Other financial charges652/9€832€976▲
Profit (loss) for the period before taxes9903€22k€154k▲
Income taxes67/77€12k€-9k▼
Taxes670/3€12k€0▼
Tax adjustments and reversals of tax provisions77€209€9k▲
Profit (loss) for the period9904€11k€163k▲
Profit (loss) for the period to be appropriated9905€11k€163k▲
Appropriation of the result
Profit (loss) to be appropriated9906€134k€297k▲
Profit (loss) brought forward from the previous period14P€124k€134k▲
The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
24-03
State Gazette act
Registered officeBoard meeting · Registered-office move · Permanent representative3 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move · Permanent representative3 facts ▸
- Board meeting, 03/03/2026
- Registered-office move, Guido Gezellelaan 49, 2800 Mechelen
- Permanent representative, Alain De Laet
2025
31-12
Financial
Highest result since 2018net €163k ▲1417%
Net result €163k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.15M ▲16.5%
4 profitable years in a row build equity to €1.15M.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-12k ▼177%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-01-2025
Charles Leclef: Resigned as Managing director
30-05-2024
HOET Claire Anne Marie Baudouin: Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 1993
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.
Guido Gezellelaan 492800 MechelenGround area
2,864 m²
Building footprint
295 m²
Volume, LiDAR
1,953 m³
Parcel 12025A0089/00T002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RICAREL NV
since 19932.062.499.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025A0089/00T002 | Flanders | 2,864 m² | 1 · 295 m² | 9.2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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AM & L INVEST
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Of 5,668 companies in sector 70100 we hold annual accounts for 3,479. 1,849 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-05-1993
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.