RICNEW
ActiveSummary
RICNEW has been active since 1989 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €21,608 and a net result of -€20,015. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability0▼-4
Solvency73▼-27
Growth32=
Track record92
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 10.65 in 2023; short-term debt: 52.3% and cash: 29.9% of total assets), but 52.3% of the assets are financed with debt.
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.7%
Return on assets
-44.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2023
29 d late
2022
32 d late
2021
29 d late
2020
25 d late
2019
26 d late
2018
30 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 29 days after the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 44% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Esneux, Construction sector
Turnover
€0
Total assets
€45,331▼ 41.0%
2023 · €76,807
Net result
-€20,015▼ 117%
2023 · -€9,229
Working capital
€16,719▼ 75.5%
2023 · €68,146
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Turnover€0
Operating result€17,857-€21,516€1,445-€8,512-€19,696-
Net result€17,320within the sector's middle half-€21,773below the sector's middle half€863within the sector's middle half-€9,229below the sector's middle half-€20,015below the sector's middle half-
Equity€99,882within the sector's middle half▲ 21.0%€78,109within the sector's middle half▼ 21.8%€78,972within the sector's middle half▲ 1.1%€69,743within the sector's middle half▼ 11.7%€21,608within the sector's middle half-
Total assets€127,312within the sector's middle half▲ 23.2%€92,831within the sector's middle half▼ 27.1%€86,702within the sector's middle half▼ 6.6%€76,807within the sector's middle half▼ 11.4%€45,331below the sector's middle half-
Debt€27,430▲ 31.9%€14,722▼ 46.3%€7,730▼ 47.5%€7,064▼ 8.6%€23,723-
Working capital€94,699above the sector's middle half▲ 25.4%€74,904within the sector's middle half▼ 20.9%€76,744within the sector's middle half▲ 2.5%€68,146within the sector's middle half▼ 11.2%€16,719within the sector's middle half-
Solvency78.5%above the sector's middle half▼ 1.4pp84.1%above the sector's middle half▲ 5.7pp91.1%above the sector's middle half▲ 6.9pp90.8%above the sector's middle half▼ 0.3pp47.7%within the sector's middle half-
Current ratio5.49above the sector's middle half▼ 4.986.09above the sector's middle half▲ 0.6010.93above the sector's middle half▲ 4.8410.65above the sector's middle half▼ 0.281.70within the sector's middle half-
Return on assets (ROA)13.6%within the sector's middle half▲ 38.8pp-23.5%below the sector's middle half▼ 37.1pp1.0%within the sector's middle half▲ 24.5pp-12.0%below the sector's middle half▼ 13.0pp-44.2%below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€19,696 in 2025, compared with -€8,512 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €45,331
Fixed assets
€4,889 ▲ 206%
Current assets
€40,442 ▼ 46.2%
Equity and liabilities €45,331
Equity
€21,608 ▼ 69.0%
Debt
€23,723 ▲ 236%
Debt's share of the balance-sheet total rises from 9.2% to 52.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€14,942▼
2023 · -€7,880
Cash flow
-€15,262▼
2023 · -€8,597
Debt to equity
1.10▲
2023 · 0.10
ROE
-92.6%▼
2023 · -13.2%
Interest coverage
-34.75▼
2023 · -10.98
Debt ≤ 1 year
€23,723▲
2023 · €7,064
Staff costs
€348
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 5,834 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 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | €348 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,344 | €8,298 | €976 | €632 | €4,754 | - |
| Other operating charges640/8 | - | €1,012 | €1,238 | €1,294 | €1,361 | - |
| Gross operating margin9900 | €28,776 | -€12,206 | €3,659 | -€6,586 | -€13,234 | - |
| Operating profit (loss)9901 | €17,857 | -€21,516 | €1,445 | -€8,512 | -€19,696 | - |
| Financial income75/76B | - | - | €448 | €0 | €110 | - |
| Recurring financial income75 | - | - | €448 | €0 | €110 | - |
| Financial charges65/66B | - | €257 | €1,030 | €717 | €430 | - |
| Recurring financial charges65 | €537 | €257 | €1,030 | €717 | €430 | - |
| Profit (loss) for the period before taxes9903 | €17,320 | -€21,773 | €863 | -€9,229 | -€20,015 | - |
| Profit (loss) for the period9904 | €17,320 | -€21,773 | €863 | -€9,229 | -€20,015 | - |
| Profit (loss) for the period to be appropriated9905 | €17,320 | -€21,773 | €863 | -€9,229 | -€20,015 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,312 | €92,831 | €86,702 | €76,807 | €45,331 | - |
| Fixed assets21/28 | €11,502 | €3,204 | €2,228 | €1,596 | €4,889 | - |
| Intangible fixed assets21 | €405 | €203 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €11,097 | €3,002 | €2,228 | €1,596 | €4,889 | - |
| Land and buildings22 | - | €2,858 | €2,227 | €1,596 | €334 | - |
| Plant, machinery and equipment23 | - | €143 | €1 | €0 | €504 | - |
| Furniture and vehicles24 | - | €0 | €0 | €0 | €4,050 | - |
| Leasing and similar rights25 | - | €0 | €0 | €0 | €0 | - |
| Current assets29/58 | €115,810 | €89,627 | €84,474 | €75,210 | €40,442 | - |
| Amounts receivable within one year40/41 | €60,060 | €72,391 | €47,323 | €69,355 | €18,008 | - |
| Trade receivables40 | - | €43,957 | €29,661 | €66,383 | €13,947 | - |
| Other amounts receivable41 | - | €28,434 | €17,662 | €2,971 | €4,061 | - |
| Current investments50/53 | - | - | - | €0 | €0 | - |
| Cash at bank and in hand54/58 | €47,202 | €8,907 | €31,083 | €3,474 | €13,563 | - |
| Deferred charges and accrued income490/1 | - | €8,329 | €6,068 | €2,382 | €8,870 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,312 | €92,831 | €86,702 | €76,807 | €45,331 | - |
| Equity10/15 | €99,882 | €78,109 | €78,972 | €69,743 | €21,608 | - |
| Contributions10/11 | - | €12,000 | €12,000 | €12,000 | €12,000 | - |
| Reserves13 | €21,095 | €21,095 | €21,095 | €21,095 | €21,095 | - |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €1,900 | €1,900 | - |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | €1,900 | €1,900 | - |
| Tax-exempt reserves132 | - | €19,195 | €19,195 | €19,195 | €19,195 | - |
| Profit (loss) carried forward14 | €66,787 | €45,014 | €45,877 | €36,648 | -€11,487 | - |
| Amounts payable17/49 | €27,430 | €14,722 | €7,730 | €7,064 | €23,723 | - |
| Amounts payable after more than one year17 | €6,319 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €21,111 | €14,722 | €7,730 | €7,064 | €23,723 | - |
| Current portion of amounts payable after more than one year42 | - | €8,818 | €0 | - | - | - |
| Financial debts43 | - | - | - | €75 | €0 | - |
| Credit institutions430/8 | - | - | - | €75 | €0 | - |
| Trade debts44 | €12,713 | €3,704 | €4,976 | €6,989 | €247 | - |
| Suppliers440/4 | - | €3,704 | €4,976 | €6,989 | €247 | - |
| Taxes, remuneration and social security45 | - | €2,200 | €2,755 | €0 | €4,406 | - |
| Taxes450/3 | - | €2,200 | €2,755 | €0 | €4,406 | - |
| Remuneration and social security454/9 | - | €0 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | - | €0 | €0 | €0 | €19,070 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,320 | -€21,773 | €863 | -€9,229 | -€20,015 | - |
| + Depreciation and write-downs630 | €8,344 | €8,298 | €976 | €632 | €4,754 | - |
| Operating cash flow (approximation) | €25,664 | -€13,475 | €1,839 | -€8,597 | -€15,262 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€38,294 | €22,175 | -€27,609 | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
19-09
KBO administration
UBO non-compliance
event 08-09-2025
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €863
Net result €863 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Back to profitnet €17,320
Net result €17,320 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet -€26,058
Net result drops to -€26,058, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Esneux · 1 establishment unit since 2003
Ground area
803 m²
Building footprint
90 m²
Volume, LiDAR
386 m³
Parcel 62032C0381/00Z003, Wallonia · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Géromont 13, 4170 Comblain-au-Pont
since 20032.124.970.288
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032C0381/00Z003 | Wallonia | 803 m² | 1 · 90 m² | 5.3 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.
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Of 20,017 companies in this sector we hold annual accounts for 9,142. 6,271 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded10-11-1989
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43230Insulation installation
43332Laying of wooden floor and wall coverings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439256382
Also
9925:BE0439256382
Registered
04-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.