Equity
-€196,094
Debts exceed assets in financial year 2025.
RIIFO EU
Lifetime
4 annual accounts with figures on one time axispeak €603,555 (2025)
€603,555▲ €995,112
lowest -€624,673 (2024)
€618,333▲ €1.2m
peak -€175,738 (2022)
-€196,094▲ €618,333
€5.7m▲ 21.5%
peak 3 FTE (2025)
3 FTE▲ 50.0%
Board5 names since 2022
3 directorsHE Lian and 2 others
Owners2 names in the annual accounts
consolidatesRifeng Group (Great Wall) Holdings Limited.
Documentsfilings and deeds
01-10-202662 days late
2025abbreviated format
Gross margin from -€391,557 to €603,555Back to profit: €618,333Staff from 2 FTE to 3 FTEResignation: Jiajia Cheng (director) 17-11Equity from -€814,427 to -€196,094Debts from €4.7m to €5.7m
Key points
from the 2025 annual accountsResult
€618,333 €618,333
Back in profit in 2025, after a loss of €624,673 in 2024.
Debts
€5.7m 104% of the balance sheet
Suppliers 78%Taxes and wages 1%Other 20%
Of this, €5.6m falls due within a year.
Staff
3 employees on 31-12-2025
In 2025, 2 people joined and 1 left.
Filings
4 annual accounts 62 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€196,094
Less equity than 95% of companies in wholesale trade. Sector median €360,626 · 9,901 companies.
Checked score
55
Fair
Financially stronger than 46% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.1%highest value
01-2025: 2.1%▼ -5.0 percentage points vs 12-2024
02-2025: 1.3%▼ -0.8 percentage points vs 01-2025
03-2025: 1.5%▲ +0.2 percentage points vs 02-2025
04-2025: 1.6%▲ +0.1 percentage points vs 03-2025
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 2.0%▲ +0.4 percentage points vs 05-2025
07-2025: 2.0%● unchanged vs 06-2025
08-2025: 2.7%▲ +0.7 percentage points vs 07-2025
09-2025: 3.0%▲ +0.3 percentage points vs 08-2025
10-2025: 4.1%▲ +1.1 percentage points vs 09-2025
11-2025: 2.1%▼ -2.0 percentage points vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.4%▲ +0.3 percentage points vs 02-2026
04-2026: 2.6%▲ +0.2 percentage points vs 03-2026
05-2026: 2.5%▼ -0.1 percentage points vs 04-2026
06-2026: 2.7%▲ +0.2 percentage points vs 05-2026
07-2026: 2.8%▲ +0.1 percentage points vs 06-2026
08-2026: 3.6%▲ +0.8 percentage points vs 07-2026
09-2026: 4.0%▲ +0.4 percentage points vs 08-2026
10-2026: 1.0%▼ -3.0 percentage points vs 09-2026lowest value
11-2026: 1.0%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Last filed accounts filed 62 days late; 3 of the last 3 accounts late
Negative equity -€196,094
lowers risk
Size: 3 FTE, total assets €5.5m
Figures for financial year 2025 (filed on 07-10-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 15% of them on solvency, 14% on liquidity, 63% on profitability and 91% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,017 companies had the same profile as RIIFO EU has now. Each dot stands for 3 companies, two years later.
89.2%
were still trading
4.0%
stopped another way
6.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RIIFO EU itself is lower: 1.0% within 12 months. It rests on far more data about RIIFO EU than the profile alone.
Test of the method
The method was tested on the 497,448 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 1,017 companies, not a prediction for RIIFO EU. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.99 (0.83 in 2024), below 1. Short-term debt is 100.6% and cash 10.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 9905 sector peers (2025).
NBB · sector comparisonPosition among 9905 sector peers
Solvency
better than 11%
← weakest
strongest →
raises risk · 2025 accounts filed 62 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-10-2026, 62 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
62 days late
2024
61 days late
2023
117 days late
2022
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 49 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 October (3 of the last 4 accounts filed within 56 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- RIIFO GROUP INTERNATIONAL HOLDINGS LIMITED 100%deed of 26-01-2022
- Rifeng Group (Great Wall) Holdings Limited. consolidatesannual accounts 2025
Recent changes
Resignation: Jiajia Cheng (director)
Appointment: Lei Huang (director) · Board meeting of 31-10-2025 · Gazette deed
Registered office moved from Brussels to Lier
New registered office: Duwijckstraat 17, 2500 Lier, België · Previous registered office: Havenlaan 86C bus 204, 1000 BRUSSEL · Board meeting of 01-12-2022 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0780828125
Incorporation
Founding capital of €10,000, 10,000 shares · Founder: RIIFO GROUP INTERNATIONAL HOLDINGS LIMITED (verschijner/oprichter) · Appointments: CHENG Jiajia (director), HE Lian (director), LIAO Jianbo (director) and Adjuvo (director general) · published on 26-01-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RIIFO EU Lier | €5.5m | €0.6m | -3.5% | 3 |
| Enervice Kruisem | €2.3m | €0.4m | 20.4% | 4.7 |
| NOVA AIR Bree | €5.6m | €1.5m | 18.9% | 6.8 |
| BEMCO-ECO Nivelles | €3.6m | €0.2m | -1.2% | 2.8 |
| AANPASSINGEN, DICHTINGEN EN RINGEN TECHNICS Lier | €3.9m | €1.0m | 85.6% | 7.2 |
| Degryse-Staelens Torhout | €2.4m | €0.5m | 9.6% | 4 |
| AERO EUROPE Dilsen-Stokkem | €2.8m | €0.2m | 2.5% | - |
These companies have the same main activity as RIIFO EU: wholesale trade (NACE 46842). They are comparable in size and age: total assets between €2.3m and €5.6m, founded between 2015 and 2023.
Official details
Source: KBO- Status
- Active since 24-01-2022Normal situation
- Registered office
- 65 active companies are registered at this address5 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Wholesale tradeNACE 46842
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.331.010.8592500 Lier, since 24-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 07-02-2022
Annual accounts 2025
- ≈ €3.0mestimated
- €5.5m▲ 41.8%
- Employeeson 31-12-2025
- 3▲ 50.0%
- Filing
- Filed on 01-10-2026
Insights on RIIFO EU
RIIFO EU files the abbreviated format. That format states no turnover. The gross margin rose from -€55,258 in 2022 to €603,555 in 2025.
RIIFO GROUP INTERNATIONAL HOLDINGS LIMITED holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RIIFO EU
- What is the company number of RIIFO EU?
- The company number of RIIFO EU is 0780.828.125. The VAT number is the same number with BE in front: BE 0780.828.125.
- Where is RIIFO EU based?
- The registered office is at Duwijckstraat 17, 2500 Lier.Company details
- What does RIIFO EU do?
- According to the KBO register, the main activity is wholesale trade (NACE 46842).
- What is the legal form of RIIFO EU?
- RIIFO EU is a private limited company (BV).
- When was RIIFO EU founded?
- RIIFO EU was founded on 24-01-2022.
- Is RIIFO EU still active?
- Yes, RIIFO EU is an active enterprise in the KBO register.
- How many employees does RIIFO EU have?
- RIIFO EU had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does RIIFO EU fall under?
- In its 2025 annual accounts, RIIFO EU states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of RIIFO EU?
- The turnover in financial year 2025 is ≈ €3.0m. This figure is estimated from the gross margin of €603,555 and 139 comparable companies (NACE 46). It probably lies between €1.9m and €5.2m.
- Is RIIFO EU profitable?
- In financial year 2025, RIIFO EU made a profit of €618,333.
- Where can I find the annual accounts of RIIFO EU?
- RIIFO EU filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RIIFO EU due?
- RIIFO EU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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