RIETGRACHTHOEVE
ActiveSummary
RIETGRACHTHOEVE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €133k and a net result of €-13k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▲+9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 5.05 against 7.86 in 2023; short-term debt: 17% and cash: 46.6% of total assets), and 17% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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 2024Solvency, return and age of the figures
Solvency
83%
Return on assets
-7.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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
55 d late
2023
54 d late
2022
55 d early
2021
87 d late
2020
2 d early
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€133k▼ 8.6%
2023 · €146k
2018: €85k
2019: €130k
2020: €156k
2021: €170k
2022: €178k
2023: €146k
2018 → 2024
Total assets
€161k▼ 0.2%
2023 · €161k
2018: €103k
2019: €169k
2020: €192k
2021: €187k
2022: €210k
2023: €161k
2018 → 2024
Net result
€-13k▲ 61.2%
2023 · €-32k
2018: €39k
2019: €45k
2020: €26k
2021: €15k
2022: €8k
2023: €-32k
2018 → 2024
Working capital
€110k▲ 6.8%
2023 · €103k
2018: €82k
2019: €125k
2020: €143k
2021: €137k
2022: €133k
2023: €103k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€156k-€170k▲ 9.4%€178k▲ 4.9%€146k▼ 18.2%€133k▼ 8.6%
Operating result€34k-€21k▼ 37.5%€9k▼ 56.1%€-35k€-13k▲ 63.2%
Net result€26k-€15k▼ 43.5%€8k▼ 42.4%€-32k€-13k▲ 61.2%
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 €13k in 2024 against €35k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €161k
Fixed assets
€23k ▼ 46.0%
Current assets
€138k ▲ 16.2%
Equity and liabilities €161k
Equity
€133k ▼ 8.6%
Debt
€27k ▲ 81.0%
Debt's share of the balance-sheet total rises from 9.4% to 17.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▲
2023 · €-24k
Cash flow
€-6k▲
2023 · €-21k
Current ratio
5.05▼
2023 · 7.86
Quick ratio
4.65▲
2023 · 4.60
Debt to equity
0.20▲
2023 · 0.10
ROE
-9.4%▲
2023 · -22.2%
ROA
-7.8%▲
2023 · -20.2%
Interest coverage
-23.87▲
2023 · -357.46
Debt ≤ 1 year
€27k▲
2023 · €15k
Income taxes
€160▼
2023 · €163
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€161k€161k▼
Fixed assets21/28€43k€23k▼
Tangible fixed assets22/27€40k€23k▼
Plant, machinery and equipment23€38k€22k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€3k-
Current assets29/58€118k€138k▲
Stocks and contracts in progress3€49k€11k▼
Stocks30/36€49k€11k▼
Amounts receivable within one year40/41€48k€49k▲
Trade receivables40€20k€37k▲
Other amounts receivable41€28k€12k▼
Cash at bank and in hand54/58€20k€75k▲
Deferred charges and accrued income490/1€818€3k▲
Equity and liabilities
Total equity and liabilities10/49€161k€161k▼
Equity10/15€146k€133k▼
Contributions10/11€19k€19k=
Reserves13€127k€115k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€126k€115k▼
Amounts payable17/49€15k€27k▲
Amounts payable within one year42/48€15k€27k▲
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Advances received on contracts in progress46-€22k
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Income statement
Code20232024
Non-recurring operating income76A€974€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€6k€10k▲
Non-recurring operating charges66A€18k-
Gross operating margin9900€472€8k▲
Operating profit (loss)9901€-35k€-13k▲
Financial income75/76B€2k€627▼
Recurring financial income75€2k€627▼
Financial charges65/66B€66€296▲
Recurring financial charges65€66€253▲
Non-recurring financial charges66B-€43
Profit (loss) for the period before taxes9903€-32k€-12k▲
Income taxes67/77€163€160▼
Profit (loss) for the period9904€-32k€-13k▲
Profit (loss) for the period to be appropriated9905€-32k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-13k▲
Transfer from equity791/2€32k€13k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €-32k ▼487%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €156k ▲19.9%
3 profitable years in a row build equity to €156k.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Highest result since 2018net €45k ▲14.4%
Operating result €65k, net result €45k, both a record.
31-12
Financial
Equity above €100kEq €130k ▲52.4%
2 profitable years in a row build equity to €130k.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lo-Reninge · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rabbelaresteenweg 258647 Lo-ReningeGround area
8,058 m²
Building footprint
3,526 m²
Volume, LiDAR
16,630 m³
Parcel 32014A0270/00K000, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rabbelaresteenweg 25, 8647 Lo-Reninge
since 19862.029.002.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32014A0270/00K000 | Flanders | 8,058 m² | 1 · 3,526 m² | 9.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLo-Reninge2.029.002.052
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FERME DE LA GERONNE
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BE 1017.131.310
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FERME DES COUDRIERS
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Of 20,588 companies in sector 01500 we hold annual accounts for 1,149. 894 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1986
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.