RIGA
ActiveSummary
RIGA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50,593 and a net result of €115. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 47% of 26041 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▼-2
Solvency54▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.28 in 2023; short-term debt: 70.6% and cash: 13.7% of total assets), and 70.6% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2024Solvency, return and age of the figures
Solvency
29.4%
Return on assets
0.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
36 d late
2023
29 d late
2022
42 d late
2021
52 d late
2020
25 d late
2019
83 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 45 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
€50,593▲ 0.2%
2023 · €50,479
Total assets
€172,305▼ 3.8%
2023 · €179,162
Net result
€115▼ 96.9%
2023 · €3,710
Working capital
-€89,995▲ 3.1%
2023 · -€92,869
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€26,389▲ 516%€3,006▼ 88.6%€1,218▼ 59.5%€4,159▲ 242%€4,552▲ 9.5%
Net result€24,419€4,409▼ 81.9%€454▼ 89.7%€3,710▲ 717%€115▼ 96.9%
Equity€41,906▲ 140%€46,315▲ 10.5%€46,769▲ 1.0%€50,479▲ 7.9%€50,593▲ 0.2%
Total assets€181,088▲ 1.1%€182,967▲ 1.0%€177,483▼ 3.0%€179,162▲ 0.9%€172,305▼ 3.8%
Debt€139,182▼ 13.9%€136,652▼ 1.8%€130,714▼ 4.3%€128,683▼ 1.6%€121,712▼ 5.4%
Working capital-€113,889▲ 20.6%-€103,688▲ 9.0%-€97,637▲ 5.8%-€92,869▲ 4.9%-€89,995▲ 3.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €172,305
Fixed assets
€140,589 ▼ 1.9%
Current assets
€31,716 ▼ 11.4%
Equity and liabilities €172,305
Equity
€50,593 ▲ 0.2%
Debt
€121,712 ▼ 5.4%
Debt's share of the balance-sheet total falls from 71.8% to 70.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,610▲
2023 · €8,217
Cash flow
€4,173▼
2023 · €7,768
Current ratio
0.26▼
2023 · 0.28
Quick ratio
0.22▼
2023 · 0.24
Debt to equity
2.41▼
2023 · 2.55
ROE
0.2%▼
2023 · 7.3%
ROA
0.1%▼
2023 · 2.1%
Interest coverage
3.18▲
2023 · 3.14
Debt ≤ 1 year
€121,712▼
2023 · €128,683
Income taxes
€1,751▲
2023 · €972
Staff costs
€29,600▲
2023 · €28,136
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,038 | €26,156 | €28,136 | €29,600 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,792 | €5,792 | €5,597 | €4,059 | €4,059 | = |
| Other operating charges640/8 | - | €5,664 | €5,638 | €7,237 | €6,435 | ▼ 11.1% |
| Non-recurring operating charges66A | - | €174 | - | €354 | - | - |
| Gross operating margin9900 | €41,328 | €27,675 | €38,608 | €43,944 | €44,646 | ▲ 1.6% |
| Operating profit (loss)9901 | €26,389 | €3,006 | €1,218 | €4,159 | €4,552 | ▲ 9.5% |
| Financial income75/76B | - | €3,068 | €2,005 | €3,143 | €17 | ▼ 99.4% |
| Recurring financial income75 | €4,989 | €3,068 | €2,005 | €3,143 | €17 | ▼ 99.4% |
| Financial charges65/66B | - | €1,626 | €2,649 | €2,620 | €2,704 | ▲ 3.2% |
| Recurring financial charges65 | €3,127 | €1,626 | €2,649 | €2,620 | €2,704 | ▲ 3.2% |
| Profit (loss) for the period before taxes9903 | €28,251 | €4,448 | €574 | €4,681 | €1,866 | ▼ 60.2% |
| Income taxes67/77 | €3,832 | €39 | €120 | €972 | €1,751 | ▲ 80.2% |
| Profit (loss) for the period9904 | €24,419 | €4,409 | €454 | €3,710 | €115 | ▼ 96.9% |
| Profit (loss) for the period to be appropriated9905 | €24,419 | €4,409 | €454 | €3,710 | €115 | ▼ 96.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181,088 | €182,967 | €177,483 | €179,162 | €172,305 | ▼ 3.8% |
| Fixed assets21/28 | €155,795 | €150,003 | €144,406 | €143,347 | €140,589 | ▼ 1.9% |
| Intangible fixed assets21 | €125,784 | €125,784 | €125,784 | €125,784 | €125,784 | = |
| Tangible fixed assets22/27 | €30,011 | €24,219 | €18,622 | €17,563 | €14,805 | ▼ 15.7% |
| Furniture and vehicles24 | - | €214 | - | - | €1,300 | - |
| Other tangible fixed assets26 | - | €24,004 | €18,622 | €17,563 | €13,505 | ▼ 23.1% |
| Current assets29/58 | €25,293 | €32,965 | €33,077 | €35,815 | €31,716 | ▼ 11.4% |
| Stocks and contracts in progress3 | €750 | €7,410 | €5,960 | €4,779 | €4,779 | = |
| Stocks30/36 | - | €7,410 | €5,960 | €4,779 | €4,779 | = |
| Amounts receivable within one year40/41 | €2,909 | €3,473 | €5,451 | €3,473 | €2,844 | ▼ 18.1% |
| Trade receivables40 | - | - | €1,977 | - | - | - |
| Other amounts receivable41 | - | €3,473 | €3,473 | €3,473 | €2,844 | ▼ 18.1% |
| Cash at bank and in hand54/58 | €21,282 | €21,726 | €21,410 | €27,100 | €23,601 | ▼ 12.9% |
| Deferred charges and accrued income490/1 | - | €357 | €257 | €462 | €492 | ▲ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181,088 | €182,967 | €177,483 | €179,162 | €172,305 | ▼ 3.8% |
| Equity10/15 | €41,906 | €46,315 | €46,769 | €50,479 | €50,593 | ▲ 0.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €23,306 | €27,715 | €28,169 | €31,879 | €31,993 | ▲ 0.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €25,855 | €26,309 | €30,019 | €30,133 | ▲ 0.4% |
| Profit (loss) carried forward14 | -€2,628 | - | - | - | - | - |
| Amounts payable17/49 | €139,182 | €136,652 | €130,714 | €128,683 | €121,712 | ▼ 5.4% |
| Amounts payable within one year42/48 | €139,182 | €136,652 | €130,714 | €128,683 | €121,712 | ▼ 5.4% |
| Trade debts44 | €461 | €574 | €1,212 | €6,358 | €28,608 | ▲ 350% |
| Suppliers440/4 | - | €574 | €1,212 | €6,358 | €28,608 | ▲ 350% |
| Taxes, remuneration and social security45 | - | €9,710 | €10,841 | €14,501 | €12,901 | ▼ 11.0% |
| Taxes450/3 | - | €7,587 | €10,841 | €13,225 | €12,890 | ▼ 2.5% |
| Remuneration and social security454/9 | - | €2,123 | - | €1,276 | €11 | ▼ 99.1% |
| Other amounts payable47/48 | - | €126,368 | €118,660 | €107,824 | €80,202 | ▼ 25.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,419 | €4,409 | €454 | €3,710 | €115 | ▼ 96.9% |
| + Depreciation and write-downs630 | €5,792 | €5,792 | €5,597 | €4,059 | €4,059 | = |
| Operating cash flow (approximation) | €30,211 | €10,201 | €6,051 | €7,768 | €4,173 | ▼ 46.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,000 | -€1,300 | ▲ 56.7% |
| Change in cash | - | €443 | -€316 | €5,690 | -€3,499 | ▼ 162% |
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
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 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 €24,419
Net result €24,419 after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 2012
Ground area
1,372 m²
Building footprint
1,250 m²
Volume, LiDAR
7,329 m³
Parcel 11803C1718/00C000, Flanders · tallest building 26.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALINO VESPUCCI
since 20122.209.900.322
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1718/00C000 | Flanders | 1,372 m² | 1 · 1,249 m² | 26.4 m · 2 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 411 companies in sector 47722 we hold annual accounts for 166. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47722Retail trade
Scores and ratios are computed by Checked and are not a credit decision.