RICOPLUS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 41 days after the deadline Filed on 10 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00510228.
Annual accounts 2025 filed on 10-09-2026 at the NBB all 5 filings
Turnover
€72,967▲ 57.8%
2021 · €46,226
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€1,006
2024 · -€3,617
Working capital
€10,611▲ 10.5%
2024 · €9,605
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
no figure
2025
20212025
Operating result
-€354
▲ 92.9%
2025
20212025
Net result
€1,006
2025
middle half of the sector
20212025
Equity
€10,611
▲ 10.5%
2025
middle half of the sector
20212025
Total assets
€74,571
▲ 1.9%
2025
middle half of the sector
20212025
Debt
€63,960
▲ 0.6%
2025
20212025
Working capital
€10,611
▲ 10.5%
2025
middle half of the sector
20212025
Solvency
14.2%
▲ 1.1pp
2025
middle half of the sector
20212025
Current ratio
1.17
▲ 0.01
2025
middle half of the sector
20212025
Return on assets (ROA)
1.3%
▲ 6.3pp
2025
middle half of the sector
20212025
Staff (FTE)
no figure
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€46,226-€72,967▲ 57.8%
Operating result-€72,467-€96,828-€11,653-€4,967▲ 57.4%-€354▲ 92.9%
Net result-€72,102below the sector's middle half-€90,684above the sector's middle half-€10,360below the sector's middle half-€3,617within the sector's middle half▲ 65.1%€1,006within the sector's middle half
Equity-€67,102below the sector's middle half-€23,582within the sector's middle half€13,222within the sector's middle half▼ 43.9%€9,605within the sector's middle half▼ 27.4%€10,611within the sector's middle half▲ 10.5%
Total assets€51,310within the sector's middle half-€98,778within the sector's middle half▲ 92.5%€72,456within the sector's middle half▼ 26.6%€73,171below the sector's middle half▲ 1.0%€74,571within the sector's middle half▲ 1.9%
Debt€118,412-€75,196▼ 36.5%€59,234▼ 21.2%€63,566▲ 7.3%€63,960▲ 0.6%
Working capital-€95,357below the sector's middle half-€958within the sector's middle half€13,222within the sector's middle half▲ 14×€9,605within the sector's middle half▼ 27.4%€10,611within the sector's middle half▲ 10.5%
Solvency-130.8%below the sector's middle half-23.9%within the sector's middle half▲ 154.7pp18.2%within the sector's middle half▼ 5.6pp13.1%within the sector's middle half▼ 5.1pp14.2%within the sector's middle half▲ 1.1pp
Current ratio0.19below the sector's middle half-1.01within the sector's middle half▲ 0.821.22within the sector's middle half▲ 0.211.15within the sector's middle half▼ 0.071.17within the sector's middle half▲ 0.01
Return on assets (ROA)-140.5%below the sector's middle half-91.8%above the sector's middle half▲ 232.3pp-14.3%below the sector's middle half▼ 106.1pp-4.9%below the sector's middle half▲ 9.4pp1.3%within the sector's middle half▲ 6.3pp
Staff (FTE)0.9-0.1below the sector's middle half▼ 88.9%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €354, smaller than the loss of €4,967 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €74,571
Equity
€10,611 ▲ 10.5%
Debt
€63,960 ▲ 0.6%
Debt's share of the balance-sheet total falls from 86.9% to 85.8%. Equity and debt are higher.
Key figures and ratios
Debt to equity
6.03▼
2024 · 6.62
ROE
9.5%▲
2024 · -37.7%
Debt ≤ 1 year
€63,960▲
2024 · €63,566
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 5 | 0 |
| full-time | 1 | 0 |
| part-time | 4 | 0 |
| in full-time equivalents | 3.2 | 0 |
| Average over the year, in full-time equivalents | 0.9 | 0.9 |
| On a permanent contract | 1 | 0 |
| Joined | 7 | 0 |
| Left | 2 | 7 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | €334 | - | €2,033 | - |
| Overdue social security (RSZ) debts | - | €1,662 | - | €2,870 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €32,220 | €0 | €0 | €0 | €0 |
| Depreciation and write-downs of the year | €3,151 | €6,444 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €46,226 | €72,967 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €87,821 | €65,202 | - | - | - | - |
| Remuneration, social security and pensions62 | €27,532 | €34,074 | €346 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,151 | €6,444 | - | - | - | - |
| Other operating charges640/8 | €281 | €592 | €11,328 | €387 | €354 | ▼ 8.5% |
| Gross operating margin9900 | -€41,503 | €137,938 | €22 | -€4,580 | €0 | - |
| Operating profit (loss)9901 | -€72,467 | €96,828 | -€11,653 | -€4,967 | -€354 | ▲ 92.9% |
| Financial income75/76B | €457 | €729 | €1,412 | €1,455 | €1,462 | ▲ 0.4% |
| Recurring financial income75 | €457 | €729 | €1,412 | €1,455 | €1,462 | ▲ 0.4% |
| Financial charges65/66B | €92 | €864 | €119 | €105 | €101 | ▼ 3.8% |
| Recurring financial charges65 | €92 | €864 | €119 | €105 | €101 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | -€72,102 | €96,693 | -€10,360 | -€3,617 | €1,006 | - |
| Income taxes67/77 | - | €6,009 | - | - | - | - |
| Profit (loss) for the period9904 | -€72,102 | €90,684 | -€10,360 | -€3,617 | €1,006 | - |
| Profit (loss) for the period to be appropriated9905 | -€72,102 | €90,684 | -€10,360 | -€3,617 | €1,006 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,310 | €98,778 | €72,456 | €73,171 | €74,571 | ▲ 1.9% |
| Fixed assets21/28 | €29,068 | €22,625 | €0 | - | - | - |
| Tangible fixed assets22/27 | €29,068 | €22,625 | €0 | - | - | - |
| Land and buildings22 | €13,466 | €10,487 | €0 | - | - | - |
| Plant, machinery and equipment23 | €12,375 | €9,658 | €0 | - | - | - |
| Furniture and vehicles24 | €3,228 | €2,480 | €0 | - | - | - |
| Other tangible fixed assets26 | €0 | €0 | - | - | - | - |
| Financial fixed assets28 | €0 | €0 | - | - | - | - |
| Current assets29/58 | €22,241 | €76,153 | €72,456 | €73,171 | €74,571 | ▲ 1.9% |
| Amounts receivable after more than one year29 | - | €45,428 | €46,710 | €47,993 | €49,275 | ▲ 2.7% |
| Other amounts receivable291 | - | €45,428 | €46,710 | €47,993 | €49,275 | ▲ 2.7% |
| Stocks and contracts in progress3 | €2,440 | €0 | - | - | - | - |
| Stocks30/36 | €2,440 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €11,601 | €30,628 | €25,741 | €25,176 | €25,296 | ▲ 0.5% |
| Trade receivables40 | €280 | €0 | €0 | - | - | - |
| Other amounts receivable41 | €11,321 | €30,628 | €25,741 | €25,176 | €25,296 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €6,350 | €98 | €5 | €3 | €0 | ▼ 97.8% |
| Deferred charges and accrued income490/1 | €1,850 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,310 | €98,778 | €72,456 | €73,171 | €74,571 | ▲ 1.9% |
| Equity10/15 | -€67,102 | €23,582 | €13,222 | €9,605 | €10,611 | ▲ 10.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Contributions outside capital11 | €5,000 | - | - | - | - | - |
| Other1109/19 | €5,000 | - | - | - | - | - |
| Reserves13 | - | €18,500 | €18,500 | €18,500 | €18,500 | = |
| Distributable reserves133 | - | €18,500 | €18,500 | €18,500 | €18,500 | = |
| Profit (loss) carried forward14 | -€72,102 | €82 | -€10,278 | -€13,895 | -€12,889 | ▲ 7.2% |
| Amounts payable17/49 | €118,412 | €75,196 | €59,234 | €63,566 | €63,960 | ▲ 0.6% |
| Amounts payable within one year42/48 | €117,599 | €75,196 | €59,234 | €63,566 | €63,960 | ▲ 0.6% |
| Trade debts44 | €20,283 | €6,083 | €1,339 | €1,271 | €1,378 | ▲ 8.4% |
| Suppliers440/4 | €20,283 | €6,083 | €1,339 | €1,271 | €1,378 | ▲ 8.4% |
| Taxes, remuneration and social security45 | €12,959 | €11,324 | €10,895 | €5,887 | €4,803 | ▼ 18.4% |
| Taxes450/3 | €165 | €6,343 | €6,137 | €2,033 | €949 | ▼ 53.3% |
| Remuneration and social security454/9 | €12,794 | €4,981 | €4,758 | €3,854 | €3,854 | = |
| Other amounts payable47/48 | €84,356 | €57,788 | €47,000 | €56,407 | €57,779 | ▲ 2.4% |
| Accrued charges and deferred income492/3 | €813 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,102 | €90,684 | -€10,360 | -€3,617 | €1,006 | - |
| + Depreciation and write-downs630 | €3,151 | €6,444 | - | - | - | - |
| Operating cash flow (approximation) | -€68,951 | €97,128 | -€10,360 | -€3,617 | €1,006 | - |
| Investment in fixed assets (approximation) | - | €0 | €22,625 | - | - | - |
| Change in cash | - | -€6,252 | -€92 | -€3 | -€3 | ▼ 2.3% |
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, 3,274 companies had the same profile as RICOPLUS has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
94.7%
was still going
2.5%
stopped otherwise
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RICOPLUS itself is higher: 7.6% within 12 months. It rests on far more data about RICOPLUS than the profile alone.
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 3,274 companies, not a prediction for RICOPLUS. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-09-2026 | 2026-00510228 | |
| 31-12-2024 | full format | 31-10-2025 | 2025-00559919 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00491693 | |
| 31-12-2022 | full format | 20-10-2023 | 2023-00490391 | |
| 31-12-2021 | micro format | 25-10-2022 | 2022-20473360 |