RIDENE
ActiveSummary
The computed 12-month bankruptcy probability of RIDENE is 2.8% (moderate). The 2024 annual accounts show negative equity (-€50,199) and a net result of -€2,266. Equity is shrinking by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 26049 sector peers (fiscal year 2024). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Age of the figures
Age of the figures
21 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€50,199
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
not confirmed
2024
25 d late
2023
66 d late
2022
98 d late
2021
21 d late
2020
23 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 50 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€50,199▼ 4.7%
2023 · -€47,932
Total assets
€1,694▼ 50.0%
2023 · €3,386
Net result
-€2,266▲ 26.5%
2023 · -€3,081
Working capital
-€50,424▼ 4.7%
2023 · -€48,157
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result-€13▲ 99.6%-€2,514▼ 19,963%-€225▲ 91.0%-€3,000▼ 1,233%-€2,105▲ 29.8%
Net result-€162within the sector's middle half▲ 95.3%-€2,769below the sector's middle half▼ 1,613%-€225within the sector's middle half▲ 91.9%-€3,081within the sector's middle half▼ 1,269%-€2,266within the sector's middle half▲ 26.5%
Equity-€18,542below the sector's middle half▼ 0.9%-€21,310below the sector's middle half▼ 14.9%-€45,076below the sector's middle half▼ 112%-€47,932below the sector's middle half▼ 6.3%-€50,199below the sector's middle half▼ 4.7%
Total assets€46,743below the sector's middle half▲ 0.5%€40,083below the sector's middle half▼ 14.2%€47below the sector's middle half▼ 99.9%€3,386below the sector's middle half▲ 7,104%€1,694below the sector's middle half▼ 50.0%
Debt€65,285▲ 0.6%€61,393▼ 6.0%€45,123▼ 26.5%€51,318▲ 13.7%€51,893▲ 1.1%
Working capital-€22,307below the sector's middle half▲ 2.6%-€26,662below the sector's middle half▼ 19.5%-€45,076below the sector's middle half▼ 69.1%-€48,157below the sector's middle half▼ 6.8%-€50,424below the sector's middle half▼ 4.7%
Solvency-39.7%below the sector's middle half▼ 0.1pp-53.2%below the sector's middle half▼ 13.5pp
Current ratio0.66below the sector's middle half▲ 0.010.57below the sector's middle half▼ 0.09
Return on assets (ROA)-0.3%within the sector's middle half▲ 7.1pp-6.9%below the sector's middle half▼ 6.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €2,105 in 2024 against €3,000 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1,694
Fixed assets
€225 =
Current assets
€1,469 ▼ 53.5%
Key figures and ratios
Debt ≤ 1 year
€51,893▲
2023 · €51,318
Ratios withheld: a balance sheet total of €1,694 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,662 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% | 1.7% |
| 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 75% 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 6,639 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 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €225 | €2,163 | €1,718 | ▼ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €753 | €1,013 | - | - | - | - |
| Other operating charges640/8 | - | €348 | - | €837 | €387 | ▼ 53.8% |
| Gross operating margin9900 | €741 | -€1,153 | -€225 | -€2,163 | -€1,718 | ▲ 20.6% |
| Operating profit (loss)9901 | -€13 | -€2,514 | -€225 | -€3,000 | -€2,105 | ▲ 29.8% |
| Financial charges65/66B | - | €255 | - | €81 | €161 | ▲ 98.8% |
| Recurring financial charges65 | €149 | €255 | - | €81 | €161 | ▲ 98.8% |
| Profit (loss) for the period before taxes9903 | -€162 | -€2,769 | -€225 | -€3,081 | -€2,266 | ▲ 26.5% |
| Profit (loss) for the period9904 | -€162 | -€2,769 | -€225 | -€3,081 | -€2,266 | ▲ 26.5% |
| Profit (loss) for the period to be appropriated9905 | -€162 | -€2,769 | -€225 | -€3,081 | -€2,266 | ▲ 26.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,743 | €40,083 | €47 | €3,386 | €1,694 | ▼ 50.0% |
| Fixed assets21/28 | €3,765 | €5,352 | - | €225 | €225 | = |
| Tangible fixed assets22/27 | €3,765 | €5,352 | - | - | - | - |
| Other tangible fixed assets26 | - | €5,352 | - | - | - | - |
| Financial fixed assets28 | - | - | - | €225 | €225 | = |
| Current assets29/58 | €42,978 | €34,731 | €47 | €3,161 | €1,469 | ▼ 53.5% |
| Stocks and contracts in progress3 | €28,632 | €28,632 | - | - | - | - |
| Stocks30/36 | - | €28,632 | - | - | - | - |
| Amounts receivable within one year40/41 | €2,259 | €1,673 | €47 | €714 | €541 | ▼ 24.2% |
| Trade receivables40 | - | - | - | €467 | - | - |
| Other amounts receivable41 | - | €1,673 | €47 | €247 | €541 | ▲ 119% |
| Current investments50/53 | €12,087 | €4,426 | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | - | €2,447 | €928 | ▼ 62.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,743 | €40,083 | €47 | €3,386 | €1,694 | ▼ 50.0% |
| Equity10/15 | -€18,542 | -€21,310 | -€45,076 | -€47,932 | -€50,199 | ▼ 4.7% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Outside capital11 | - | - | - | €30,987 | - | - |
| Share premium1100/10 | - | - | - | €30,987 | - | - |
| Reserves13 | €856 | €856 | - | €856 | €856 | = |
| Non-distributable reserves130/1 | - | €856 | - | €856 | €856 | = |
| Reserves not available under the articles1311 | - | €856 | - | €856 | €856 | = |
| Profit (loss) carried forward14 | -€50,384 | -€53,153 | -€76,063 | -€79,775 | -€82,042 | ▼ 2.8% |
| Amounts payable17/49 | €65,285 | €61,393 | €45,123 | €51,318 | €51,893 | ▲ 1.1% |
| Amounts payable within one year42/48 | €65,285 | €61,393 | €45,123 | €51,318 | €51,893 | ▲ 1.1% |
| Trade debts44 | €1,007 | €1,621 | €272 | €1,466 | €1,042 | ▼ 28.9% |
| Suppliers440/4 | - | €1,621 | €272 | €1,466 | €1,042 | ▼ 28.9% |
| Other amounts payable47/48 | - | €59,772 | €44,851 | €49,852 | €50,851 | ▲ 2.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€162 | -€2,769 | -€225 | -€3,081 | -€2,266 | ▲ 26.5% |
| + Depreciation and write-downs630 | €753 | €1,013 | - | - | - | - |
| Operating cash flow (approximation) | €591 | -€1,756 | -€225 | -€3,081 | -€2,266 | ▲ 26.5% |
| Investment in fixed assets (approximation) | - | -€2,600 | - | - | €0 | - |
| Change in cash | - | - | - | - | -€1,519 | - |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 66 days late
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Weakest financial yearnet -€3,454
Net result drops to -€3,454, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 44 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 1992
Ground area
2,960 m²
Building footprint
2,479 m²
Volume, LiDAR
30,330 m³
2 parcels, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
493
companies at this address
See who is registered here
1 establishment unit
Galerij van de Louizapoort 127, 1050 Elsene
since 19922.057.558.258
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0364/00Z000 | Brussels | 2,694 m² | 1 · 2,214 m² | 26.0 m · 3 fl. |
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,016 companies in sector 47770 we hold annual accounts for 899. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446985106
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.