RICARO
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 16-04-2025, 106 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
106 d early
2023
28 d early
2022
12 d early
2021
33 d early
2020
5 d early
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 29 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)
Financials · fiscal year 2024, abbreviated schema
Equity
€16.4m▲ 190%
2023 · €5.7m
Total assets
€16.4m▲ 160%
2023 · €6.3m
Net result
€10.8m▲ 343%
2023 · €2.4m
Working capital
€2.3m
2022 · -€172,680
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-€2,903▼ 2.8%-€167,334▼ 5,664%-€3,092▲ 98.2%-€37,891▼ 1,126%-€150,016▼ 296%
Net result€1.4m▲ 356%€88,007▼ 93.5%€353,045▲ 301%€2.4m▲ 588%€10.8m▲ 343%
Equity€3.0m▲ 8.6%€2.9m▼ 4.3%€3.2m▲ 12.3%€5.7m▲ 75.5%€16.4m▲ 190%
Total assets€3.3m▲ 20.8%€4.6m▲ 38.3%€4.1m▼ 10.4%€6.3m▲ 52.7%€16.4m▲ 160%
Debt€337,087▲ 65,449%€1.7m▲ 418%€913,936▼ 47.6%€663,780▼ 27.4%
Working capital€373,192▲ 166%-€422,977-€172,680▲ 59.2%€2.3m
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2020 Net result +356% on 2019. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €150,016 in 2024 against €37,891 in 2023; the loss grows.
Key figures and ratios
EBITDA
-€12,624▼
2023 · -€3,543
Cash flow
€10.9m▲
2023 · €2.5m
Solvency
100.0%▲
2023 · 89.5%
ROE
65.6%▲
2023 · 43.0%
ROA
65.5%▲
2023 · 38.5%
Interest coverage
-1.99▼
2023 · -0.15
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €34,348 | €137,393 | ▲ 300% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €5,750 | - |
| Other operating charges640/8 | - | €1,052 | €1,056 | €1,864 | €1,305 | ▼ 30.0% |
| Gross operating margin9900 | -€1,872 | -€166,282 | -€2,036 | -€1,679 | -€5,569 | ▼ 232% |
| Operating profit (loss)9901 | -€2,903 | -€167,334 | -€3,092 | -€37,891 | -€150,016 | ▼ 296% |
| Financial income75/76B | - | €256,364 | €380,000 | €2.5m | €10.9m | ▲ 338% |
| Recurring financial income75 | €1.4m | €256,364 | €380,000 | €2.5m | €136,982 | ▼ 94.5% |
| Non-recurring financial income76B | - | - | - | - | €10.8m | - |
| Financial charges65/66B | - | €1,023 | €23,864 | €24,394 | €6,339 | ▼ 74.0% |
| Recurring financial charges65 | €23 | €1,023 | €23,864 | €24,394 | €6,339 | ▼ 74.0% |
| Profit (loss) for the period before taxes9903 | €1.4m | €88,007 | €353,045 | €2.4m | €10.8m | ▲ 343% |
| Profit (loss) for the period9904 | €1.4m | €88,007 | €353,045 | €2.4m | €10.8m | ▲ 343% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €88,007 | €353,045 | €2.4m | €10.8m | ▲ 343% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €4.6m | €4.1m | €6.3m | €16.4m | ▲ 160% |
| Fixed assets21/28 | €2.6m | €3.9m | €3.9m | €3.8m | - | - |
| Intangible fixed assets21 | - | - | - | €137,393 | - | - |
| Financial fixed assets28 | €2.6m | €3.9m | €3.9m | €3.7m | - | - |
| Current assets29/58 | €710,279 | €718,854 | €220,251 | €2.5m | €16.4m | ▲ 555% |
| Amounts receivable within one year40/41 | €696,625 | €716,108 | €219,483 | €2.5m | €16.4m | ▲ 556% |
| Other amounts receivable41 | - | €716,108 | €219,483 | €2.5m | €16.4m | ▲ 556% |
| Cash at bank and in hand54/58 | €12,374 | €2,746 | €768 | €5,691 | €42 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €4.6m | €4.1m | €6.3m | €16.4m | ▲ 160% |
| Equity10/15 | €3.0m | €2.9m | €3.2m | €5.7m | €16.4m | ▲ 190% |
| Contributions10/11 | €63,000 | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Capital10 | - | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Issued capital100 | - | €63,000 | €63,000 | €63,000 | €63,000 | = |
| Reserves13 | €2.9m | €2.8m | €3.2m | €5.6m | €16.3m | ▲ 193% |
| Non-distributable reserves130/1 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Legal reserve130 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Distributable reserves133 | - | €2.8m | €3.2m | €5.6m | €16.3m | ▲ 193% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | - | - | - | - | €5,750 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €5,750 | - |
| Other liabilities and charges164/5 | - | - | - | - | €5,750 | - |
| Amounts payable17/49 | €337,087 | €1.7m | €913,936 | €663,780 | - | - |
| Amounts payable after more than one year17 | - | €603,753 | €506,280 | €407,583 | - | - |
| Financial debts170/4 | - | €603,753 | €506,280 | €407,583 | - | - |
| Amounts payable within one year42/48 | €337,087 | €1.1m | €392,932 | €248,697 | - | - |
| Current portion of amounts payable after more than one year42 | - | €96,247 | €97,473 | €98,697 | - | - |
| Trade debts44 | €0 | €584 | €584 | - | - | - |
| Suppliers440/4 | - | €584 | €584 | - | - | - |
| Other amounts payable47/48 | - | €1.0m | €294,875 | €150,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | €14,725 | €7,500 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €88,007 | €353,045 | €2.4m | €10.8m | ▲ 343% |
| + Depreciation and write-downs630 | - | - | - | €34,348 | €137,393 | ▲ 300% |
| Operating cash flow (approximation) | €1.4m | €88,007 | €353,045 | €2.5m | €10.9m | ▲ 342% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€20,000 | €71,776 | - | - |
| Change in cash | - | -€9,628 | -€1,978 | €4,922 | -€5,649 | ▼ 215% |
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
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €10.8m ▲343%
Net result €10.8m, the highest in the series.
31-12
Financial
Equity above €10mEq €16.4m ▲190%
7 profitable years in a row build equity to €16.4m.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 18current ratio 10.08
Current ratio from 0.56 to 10.08; short-term debt falls from €392,932 to €248,697.
31-12
Financial
Equity above €5mEq €5.7m ▲75.5%
6 profitable years in a row build equity to €5.7m.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €88,007 ▼93.5%
Net result drops to €88,007, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Liquidity times 434current ratio 274.23
Current ratio from 0.63 to 274.23; short-term debt falls from €429,078 to €514.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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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Structure & network
Owners and holdings
1 owner · 4 holdingsChain of control
- Newton Force
- RICARO
Highest known parent: Newton Force. The sources do not say who stands above it.
Owners 1
- Newton Forceparent100%
Holdings 4
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100%
-
100%
-
100%
-
100%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
100%
According to the 2023 annual accounts of RICARO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.