RICHA
ActiveSummary
RICHA has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.6m and a net result of -€781,074. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 39 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-10
Solvency70▼-3
Growth59▼-17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,400,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.01 in 2024; short-term debt: 55% and cash: 2% of total assets), and 55.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
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
44.8%
Return on assets
-1.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
12 d late
2023
14 d late
2022
4 d early
2021
31 d late
2020
23 d late
2019
80 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?EUROHOLD · 3 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in East Flanders, Clothing sector#2 company by equity in East Flanders, Clothing sector#5 fastest grower in Belgium, Clothing sector
Turnover
€34.3m▲ 11.9%
2024 · €30.6m
EBIT margin
11.5%▼ 3.2pp
2024 · 14.8%
Net result
-€781,074
2024 · €2.7m
Working capital
€2.3m▲ 992%
2024 · €210,454
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€30.6m▲ 49.7%€30.1m▼ 1.5%€27.7m▼ 7.9%€30.6m▲ 10.4%€34.3m▲ 11.9%
Operating result€7.9m▲ 47.8%€6.1m▼ 22.2%€4.4m▼ 28.0%€4.5m▲ 2.6%€4.0m▼ 12.4%
Net result€5.7mabove the sector's middle half▲ 50.0%€4.6mabove the sector's middle half▼ 17.8%€2.8mabove the sector's middle half▼ 40.0%€2.7mabove the sector's middle half▼ 3.1%-€781,074below the sector's middle half
EBIT margin25.7%▼ 0.3pp20.3%▼ 5.4pp15.9%▼ 4.4pp14.8%▼ 1.1pp11.5%▼ 3.2pp
Equity€13.7mabove the sector's middle half▲ 69.9%€18.4mabove the sector's middle half▲ 33.8%€20.7mabove the sector's middle half▲ 12.3%€23.4mabove the sector's middle half▲ 13.1%€22.6mabove the sector's middle half▼ 3.3%
Total assets€43.0mabove the sector's middle half▲ 47.7%€44.9mabove the sector's middle half▲ 4.4%€44.3mabove the sector's middle half▼ 1.5%€48.9mabove the sector's middle half▲ 10.5%€50.5mabove the sector's middle half▲ 3.1%
Debt€29.3m▲ 39.2%€26.5m▼ 9.4%€23.6m▼ 11.0%€25.6m▲ 8.2%€27.9m▲ 9.1%
Working capital€18.0m▲ 8.2%€20.3m▲ 13.2%€9.9m▼ 51.1%€210,454▼ 97.9%€2.3m▲ 992%
Solvency31.9%within the sector's middle half▲ 4.2pp40.9%within the sector's middle half▲ 9.0pp46.7%within the sector's middle half▲ 5.7pp47.8%within the sector's middle half▲ 1.1pp44.8%within the sector's middle half▼ 3.0pp
Staff (FTE)18within the sector's middle half▲ 16.1%21.9within the sector's middle half▲ 21.7%21.7▼ 0.9%27.7▲ 27.6%26.8▼ 3.2%
above
within
below
the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50.5m
Fixed assets
€20.4m ▼ 12.0%
Current assets
€30.1m ▲ 16.7%
Equity and liabilities €50.5m
Equity
€22.6m ▼ 3.3%
Debt
€27.9m ▲ 9.1%
Debt's share of the balance-sheet total rises from 52.2% to 55.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4.5m▼
2024 · €4.9m
Cash flow
-€285,900▼
2024 · €3.0m
Current ratio
1.08▲
2024 · 1.01
Quick ratio
0.30▼
2024 · 0.32
Debt to equity
1.23▲
2024 · 1.09
ROE
-3.5%▼
2024 · 11.6%
ROA
-1.5%▼
2024 · 5.5%
Interest coverage
4.05▼
2024 · 4.14
Debt ≤ 1 year
€27.8m▲
2024 · €25.5m
Income taxes
€780,410▼
2024 · €977,419
Staff costs
€1.7m▲
2024 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,594 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €30.8m | €30.3m | €28.0m | €31.1m | €35.1m | ▲ 12.7% |
| Turnover70 | €30.6m | €30.1m | €27.7m | €30.6m | €34.3m | ▲ 11.9% |
| Other operating income74 | €240,559 | €214,686 | €238,237 | €483,694 | €537,303 | ▲ 11.1% |
| Non-recurring operating income76A | €7,025 | - | €66,725 | €2,200 | €252,730 | ▲ 11,386% |
| Operating charges60/66A | €23.0m | €24.2m | €23.6m | €26.6m | €31.1m | ▲ 17.0% |
| Goods for resale, raw materials and consumables60 | €16.0m | €16.0m | €15.4m | €18.6m | €22.4m | ▲ 20.5% |
| Purchases600/8 | €19.2m | €17.7m | €13.4m | €19.3m | €26.3m | ▲ 36.6% |
| Change in stocks: decrease (increase)609 | -€3.3m | -€1.6m | €2.1m | -€728,035 | -€4.0m | ▼ 448% |
| Services and other goods61 | €5.3m | €5.1m | €5.5m | €5.7m | €5.4m | ▼ 5.3% |
| Remuneration, social security and pensions62 | €990,408 | €1.2m | €1.2m | €1.7m | €1.7m | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €291,563 | €324,490 | €331,703 | €340,746 | €495,174 | ▲ 45.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€104,657 | -€61,727 | -€74,885 | €422 | - | - |
| Other operating charges640/8 | €261,192 | €368,045 | €213,860 | €106,332 | €61,324 | ▼ 42.3% |
| Non-recurring operating charges66A | €215,456 | €1.2m | €1.0m | €177,595 | €1.0m | ▲ 485% |
| Operating profit (loss)9901 | €7.9m | €6.1m | €4.4m | €4.5m | €4.0m | ▼ 12.4% |
| Financial income75/76B | €193,214 | €361,374 | €428,881 | €492,850 | €239,175 | ▼ 51.5% |
| Recurring financial income75 | €73,214 | €271,300 | €358,631 | €492,850 | €239,175 | ▼ 51.5% |
| Income from current assets751 | €55,491 | €155,884 | €271,801 | €357,482 | €58,533 | ▼ 83.6% |
| Other financial income752/9 | €17,722 | €115,416 | €86,831 | €135,368 | €180,642 | ▲ 33.4% |
| Non-recurring financial income76B | €120,000 | €90,074 | €70,250 | - | - | - |
| Financial charges65/66B | €359,879 | €399,405 | €929,307 | €1.3m | €4.2m | ▲ 217% |
| Recurring financial charges65 | €359,879 | €399,405 | €929,307 | €1.3m | €1.2m | ▼ 10.4% |
| Debt charges650 | €346,036 | €349,265 | €818,604 | €1.2m | €1.1m | ▼ 6.4% |
| Other financial charges652/9 | €13,843 | €50,140 | €110,703 | €150,904 | €88,138 | ▼ 41.6% |
| Non-recurring financial charges66B | - | - | - | €891 | €3.0m | ▲ 337,554% |
| Profit (loss) for the period before taxes9903 | €7.7m | €6.1m | €3.9m | €3.7m | -€664 | ▼ 100% |
| Income taxes67/77 | €2.0m | €1.4m | €1.1m | €977,419 | €780,410 | ▼ 20.2% |
| Taxes670/3 | €2.0m | €1.4m | €1.1m | €977,419 | €780,410 | ▼ 20.2% |
| Profit (loss) for the period9904 | €5.7m | €4.6m | €2.8m | €2.7m | -€781,074 | ▼ 129% |
| Transfer from tax-exempt reserves789 | €724,132 | €548,471 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €6.4m | €5.2m | €2.8m | €2.7m | -€781,074 | ▼ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43.0m | €44.9m | €44.3m | €48.9m | €50.5m | ▲ 3.1% |
| Fixed assets21/28 | €9.0m | €10.0m | €13.6m | €23.2m | €20.4m | ▼ 12.0% |
| Intangible fixed assets21 | €323,761 | €534,996 | €458,171 | €763,878 | €1.2m | ▲ 55.7% |
| Tangible fixed assets22/27 | €495,374 | €580,479 | €552,907 | €553,792 | €403,387 | ▼ 27.2% |
| Plant, machinery and equipment23 | €200,522 | €353,473 | €381,316 | €418,077 | €296,115 | ▼ 29.2% |
| Furniture and vehicles24 | €59,403 | €46,375 | €37,594 | €42,463 | €42,427 | ▼ 0.1% |
| Other tangible fixed assets26 | €235,449 | €180,631 | €133,998 | €93,251 | €64,845 | ▼ 30.5% |
| Financial fixed assets28 | €8.2m | €8.9m | €12.6m | €21.9m | €18.8m | ▼ 14.0% |
| Affiliated companies280/1 | €8.1m | €8.8m | €12.5m | €21.8m | €18.8m | ▼ 13.8% |
| Participating interests280 | €8.1m | €8.0m | €12.5m | €21.8m | €18.8m | ▼ 13.8% |
| Amounts receivable281 | - | €826,172 | - | - | - | - |
| Other financial fixed assets284/8 | €81,977 | €81,637 | €81,637 | €77,480 | €34,457 | ▼ 55.5% |
| Amounts receivable and cash guarantees285/8 | €81,977 | €81,637 | €81,637 | €77,480 | €34,457 | ▼ 55.5% |
| Current assets29/58 | €34.0m | €35.0m | €30.6m | €25.7m | €30.1m | ▲ 16.7% |
| Amounts receivable after more than one year29 | €2.0m | €1.4m | €802,909 | - | - | - |
| Other amounts receivable291 | €2.0m | €1.4m | €802,909 | - | - | - |
| Stocks and contracts in progress3 | €19.6m | €17.8m | €15.0m | €17.5m | €21.7m | ▲ 23.5% |
| Stocks30/36 | €19.6m | €17.8m | €15.0m | €17.5m | €21.7m | ▲ 23.5% |
| Goods purchased for resale34 | €14.0m | €15.6m | €13.9m | €14.7m | €19.4m | ▲ 31.6% |
| Advance payments36 | €5.6m | €2.2m | €1.2m | €2.8m | €2.3m | ▼ 19.3% |
| Amounts receivable within one year40/41 | €12.1m | €14.2m | €13.2m | €7.2m | €6.8m | ▼ 5.5% |
| Trade receivables40 | €4.5m | €3.6m | €2.8m | €5.3m | €6.7m | ▲ 27.2% |
| Other amounts receivable41 | €7.6m | €10.6m | €10.3m | €1.9m | €105,576 | ▼ 94.5% |
| Current investments50/53 | €9,107 | - | - | - | - | - |
| Other investments51/53 | €9,107 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €187,093 | €655,257 | €1.2m | €541,668 | €1.0m | ▲ 88.4% |
| Deferred charges and accrued income490/1 | €158,375 | €907,973 | €387,390 | €473,396 | €587,250 | ▲ 24.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43.0m | €44.9m | €44.3m | €48.9m | €50.5m | ▲ 3.1% |
| Equity10/15 | €13.7m | €18.4m | €20.7m | €23.4m | €22.6m | ▼ 3.3% |
| Contributions10/11 | €991,574 | €991,574 | €1.8m | €1.8m | €1.8m | = |
| Capital10 | €991,574 | €991,574 | €1.8m | €1.8m | €1.8m | = |
| Issued capital100 | €991,574 | €991,574 | €1.8m | €1.8m | €1.8m | = |
| Reserves13 | €12.8m | €17.4m | €18.9m | €21.6m | €20.8m | ▼ 3.6% |
| Non-distributable reserves130/1 | €100,861 | €100,861 | €179,942 | €179,942 | €179,942 | = |
| Legal reserve130 | €99,157 | €99,157 | €178,238 | €178,238 | €178,238 | = |
| Other1319 | €1,704 | €1,704 | €1,704 | €1,704 | €1,704 | = |
| Tax-exempt reserves132 | €548,471 | - | - | - | - | - |
| Distributable reserves133 | €12.1m | €17.3m | €18.7m | €21.4m | €20.6m | ▼ 3.6% |
| Amounts payable17/49 | €29.3m | €26.5m | €23.6m | €25.6m | €27.9m | ▲ 9.1% |
| Amounts payable after more than one year17 | €13.0m | €11.8m | €2.9m | - | - | - |
| Financial debts170/4 | €13.0m | €11.8m | €2.9m | - | - | - |
| Credit institutions173 | €13.0m | €11.8m | €2.9m | - | - | - |
| Amounts payable within one year42/48 | €16.1m | €14.6m | €20.7m | €25.5m | €27.8m | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | €2.0m | €2.2m | €9.9m | €10.4m | €4.0m | ▼ 61.5% |
| Financial debts43 | €6.1m | €9.5m | €4.4m | €6.3m | €12.1m | ▲ 91.3% |
| Credit institutions430/8 | €6.1m | €8.5m | €4.4m | €6.3m | €12.1m | ▲ 91.3% |
| Other loans439 | - | €1.0m | - | - | - | - |
| Trade debts44 | €3.7m | €2.0m | €1.2m | €1.1m | €2.7m | ▲ 140% |
| Suppliers440/4 | €3.7m | €2.0m | €1.2m | €1.1m | €2.7m | ▲ 140% |
| Advances received on contracts in progress46 | €21,875 | €21,875 | - | €45,098 | - | - |
| Taxes, remuneration and social security45 | €1.1m | €605,287 | €478,492 | €441,075 | €406,306 | ▼ 7.9% |
| Taxes450/3 | €954,614 | €442,377 | €324,226 | €218,272 | €265,008 | ▲ 21.4% |
| Remuneration and social security454/9 | €128,106 | €162,910 | €154,266 | €222,803 | €141,298 | ▼ 36.6% |
| Other amounts payable47/48 | €3.1m | €377,885 | €4.7m | €7.2m | €8.5m | ▲ 18.1% |
| Accrued charges and deferred income492/3 | €236,549 | €78,570 | €24,340 | €28,804 | €118,958 | ▲ 313% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5.7m | €4.6m | €2.8m | €2.7m | -€781,074 | ▼ 129% |
| + Depreciation and write-downs630 | €291,563 | €324,490 | €331,703 | €340,746 | €495,174 | ▲ 45.3% |
| Operating cash flow (approximation) | €5.9m | €5.0m | €3.1m | €3.0m | -€285,900 | ▼ 109% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€4.0m | -€9.9m | €2.3m | ▲ 123% |
| Change in cash | - | €468,164 | €582,198 | -€695,787 | €478,828 | ▲ 169% |
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€781,074
Net result drops to -€781,074, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 12 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €5.7m ▲50%
Operating result €7.9m, net result €5.7m, both a record.
31-12
Financial
Equity above €10mEq €13.7m ▲69.9%
4 profitable years in a row build equity to €13.7m.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 80 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 12.33
Current ratio from 3.07 to 12.33; short-term debt falls from €7.3m to €2.1m.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Oudenaarde · 1 establishment unit since 1968
Ground area
2.8 ha
Building footprint
1.1 ha
Volume, LiDAR
102,072 m³
2 parcels, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Westerring 27C, 9700 Oudenaarde
since 19682.001.736.936
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502B0639/00M002 | Flanders | 1.9 ha | 1 · 1.1 ha | 14.0 m · 3 fl. |
| 45502A0458/02F000 | Flanders | 9,360 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
EUROHOLD
3 companies
Group, risk and exposure
Owners and holdings
2 owners · 3 holdingsChain of control
- Richa Group
- RICHA
Highest known parent: Richa Group. The sources do not say who stands above it.
Owners 2
- Richa Groupparent100%
- EUROHOLDparent99.98%
Holdings 3
-
100%
-
100%
-
100%
According to the 2025 annual accounts of RICHA 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300G47J4U113TQM48
Similar companies · same sector, comparable size
Of 102 companies in sector 14240 we hold annual accounts for 20. 1 is within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
14240Manufacture of wearing apparel
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400244170
Registered
29-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.