RIJFRA
ActiveSummary
The annual accounts of RIJFRA for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €220,181 and a net result of -€543,611. Equity is growing by ~33.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 5046 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-47
Solvency29▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.0 against 0.66 in 2024; short-term debt: 29.7% and cash: 3.1% of total assets), and 96.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 5046 sector peers (2025).
NBB · sector comparisonPosition among 5046 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
93 d early
2023
on the day
2022
31 d late
2021
31 d late
2020
30 d late
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by total assets in Rijkevorsel, Wholesale and retail trade sector#5 employer in Rijkevorsel, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€543,611
2024 · €62,604
Working capital
€2,132
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20212022202320242025
Operating result€240,336▲ 254%€260,368▲ 8.3%€238,030▼ 8.6%€200,234▼ 15.9%-€396,191
Net result€182,944above the sector's middle half▲ 281%€169,285within the sector's middle half▼ 7.5%€126,718within the sector's middle half▼ 25.1%€62,604within the sector's middle half▼ 50.6%-€543,611below the sector's middle half
Equity€405,184within the sector's middle half▲ 82.3%€574,469within the sector's middle half▲ 41.8%€701,188within the sector's middle half▲ 22.1%€763,792within the sector's middle half▲ 8.9%€220,181below the sector's middle half▼ 71.2%
Total assets€4.5mabove the sector's middle half▲ 37.6%€4.8mabove the sector's middle half▲ 7.1%€5.9mabove the sector's middle half▲ 21.8%€6.7mabove the sector's middle half▲ 14.2%€5.7mwithin the sector's middle half▼ 14.6%
Debt€4.1m▲ 34.3%€4.3m▲ 3.7%€5.2m▲ 21.8%€6.0m▲ 14.9%€5.5m▼ 7.3%
Working capital-€1.1mbelow the sector's middle half▼ 43.3%-€1.0mbelow the sector's middle half▲ 5.3%-€1.1mbelow the sector's middle half▼ 6.6%-€1.2mbelow the sector's middle half▼ 12.2%€2,132below the sector's middle half
Solvency9.0%below the sector's middle half▲ 2.2pp11.9%below the sector's middle half▲ 2.9pp11.9%below the sector's middle half=11.4%below the sector's middle half▼ 0.5pp3.8%below the sector's middle half▼ 7.5pp
Current ratio0.54below the sector's middle half▲ 0.110.60below the sector's middle half▲ 0.060.65below the sector's middle half▲ 0.050.66below the sector's middle half▲ 0.011.00below the sector's middle half▲ 0.34
Return on assets (ROA)4.1%within the sector's middle half▲ 2.6pp3.5%within the sector's middle half▼ 0.6pp2.2%within the sector's middle half▼ 1.4pp0.9%within the sector's middle half▼ 1.2pp-9.5%below the sector's middle half▼ 10.4pp
Staff (FTE)5.7within the sector's middle half▲ 46.2%6.9within the sector's middle half▲ 21.1%8.2above the sector's middle half▲ 18.8%8.6above the sector's middle half▲ 4.9%8.2within the sector's middle half▼ 4.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €396,191 after €200,234 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€4.0m ▼ 5.5%
Current assets
€1.7m ▼ 30.4%
Equity and liabilities €5.7m
Equity
€220,181 ▼ 71.2%
Debt
€5.5m ▼ 7.3%
Debt's share of the balance-sheet total rises from 88.6% to 96.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27,401▼
2024 · €562,764
Cash flow
-€120,020▼
2024 · €425,134
Quick ratio
0.89▲
2024 · 0.56
Debt to equity
25.06▲
2024 · 7.79
ROE
-246.9%▼
2024 · 8.2%
Interest coverage
0.17▼
2024 · 4.25
Debt ≤ 1 year
€1.7m▼
2024 · €3.7m
Debt > 1 year
€3.6m▲
2024 · €1.7m
Income taxes
€209▼
2024 · €17,291
Staff costs
€446,658▼
2024 · €476,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 974 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €144,425 | €3,318 | €0 | €68,582 | - |
| Remuneration, social security and pensions62 | €222,820 | €317,604 | €482,531 | €476,625 | €446,658 | ▼ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €137,187 | €194,446 | €285,446 | €362,530 | €423,591 | ▲ 16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €102,943 | - |
| Other operating charges640/8 | €125,397 | €117,606 | €100,320 | €59,297 | €62,650 | ▲ 5.7% |
| Non-recurring operating charges66A | - | - | €1,357 | €0 | €50,315 | - |
| Gross operating margin9900 | €725,740 | €890,023 | €1.1m | €1.1m | €689,967 | ▼ 37.2% |
| Operating profit (loss)9901 | €240,336 | €260,368 | €238,030 | €200,234 | -€396,191 | ▼ 298% |
| Financial income75/76B | €35,221 | €7,258 | €14,585 | €12,109 | €15,712 | ▲ 29.8% |
| Recurring financial income75 | €35,221 | €7,258 | €14,585 | €12,109 | €15,712 | ▲ 29.8% |
| Financial charges65/66B | €67,165 | €68,102 | €101,226 | €132,449 | €162,924 | ▲ 23.0% |
| Recurring financial charges65 | €67,165 | €68,102 | €101,226 | €132,449 | €162,924 | ▲ 23.0% |
| Profit (loss) for the period before taxes9903 | €208,392 | €199,523 | €151,389 | €79,895 | -€543,402 | ▼ 780% |
| Income taxes67/77 | €25,448 | €30,238 | €24,671 | €17,291 | €209 | ▼ 98.8% |
| Profit (loss) for the period9904 | €182,944 | €169,285 | €126,718 | €62,604 | -€543,611 | ▼ 968% |
| Profit (loss) for the period to be appropriated9905 | €182,944 | €169,285 | €126,718 | €62,604 | -€543,611 | ▼ 968% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.8m | €5.9m | €6.7m | €5.7m | ▼ 14.6% |
| Fixed assets21/28 | €3.2m | €3.2m | €3.8m | €4.3m | €4.0m | ▼ 5.5% |
| Tangible fixed assets22/27 | €3.2m | €3.2m | €3.8m | €4.3m | €4.0m | ▼ 5.5% |
| Land and buildings22 | €2.1m | €1.9m | €1.9m | €2.4m | €2.2m | ▼ 6.3% |
| Plant, machinery and equipment23 | €313,067 | €547,719 | €1.1m | €1.2m | €1.1m | ▼ 3.3% |
| Furniture and vehicles24 | €15,335 | €10,276 | €4,380 | €2,321 | €438 | ▼ 81.1% |
| Other tangible fixed assets26 | €834,281 | €789,100 | €744,179 | €699,620 | €655,060 | ▼ 6.4% |
| Financial fixed assets28 | - | - | €9,000 | €9,000 | €9,000 | = |
| Current assets29/58 | €1.3m | €1.6m | €2.1m | €2.4m | €1.7m | ▼ 30.4% |
| Stocks and contracts in progress3 | €456,294 | €627,003 | €872,462 | €380,286 | €194,488 | ▼ 48.9% |
| Stocks30/36 | €356,294 | €527,003 | €772,462 | €280,286 | €194,488 | ▼ 30.6% |
| Contracts in progress37 | €100,000 | €100,000 | €100,000 | €100,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €760,571 | €758,468 | €1.2m | €2.0m | €1.3m | ▼ 34.9% |
| Trade receivables40 | €592,991 | €418,688 | €762,077 | €1.4m | €67,026 | ▼ 95.2% |
| Other amounts receivable41 | €167,580 | €339,780 | €434,714 | €608,281 | €1.2m | ▲ 105% |
| Cash at bank and in hand54/58 | €75,277 | €198,718 | €18,408 | €33,206 | €178,589 | ▲ 438% |
| Deferred charges and accrued income490/1 | €3,540 | €4,661 | €3,578 | €19,163 | €19,950 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.8m | €5.9m | €6.7m | €5.7m | ▼ 14.6% |
| Equity10/15 | €405,184 | €574,469 | €701,188 | €763,792 | €220,181 | ▼ 71.2% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €255,184 | €424,469 | €551,188 | €613,792 | €613,792 | = |
| Non-distributable reserves130/1 | €13,791 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | €13,791 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Distributable reserves133 | €241,393 | €409,469 | €536,188 | €598,792 | €598,792 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€543,611 | - |
| Amounts payable17/49 | €4.1m | €4.3m | €5.2m | €6.0m | €5.5m | ▼ 7.3% |
| Amounts payable after more than one year17 | €1.5m | €1.4m | €1.7m | €1.7m | €3.6m | ▲ 109% |
| Financial debts170/4 | €1.5m | €1.4m | €1.7m | €1.7m | €3.6m | ▲ 109% |
| Amounts payable within one year42/48 | €2.4m | €2.6m | €3.2m | €3.7m | €1.7m | ▼ 53.9% |
| Current portion of amounts payable after more than one year42 | €287,017 | €262,629 | €341,806 | €353,063 | €316,361 | ▼ 10.4% |
| Financial debts43 | €791,500 | €771,500 | €751,500 | €751,500 | €501,500 | ▼ 33.3% |
| Credit institutions430/8 | €791,500 | €771,500 | €751,500 | €751,500 | €501,500 | ▼ 33.3% |
| Trade debts44 | €428,541 | €691,017 | €929,138 | €489,268 | €329,361 | ▼ 32.7% |
| Suppliers440/4 | €428,541 | €691,017 | €929,138 | €489,268 | €329,361 | ▼ 32.7% |
| Advances received on contracts in progress46 | €67,762 | €552,665 | €654,225 | €1.1m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €164,099 | €209,387 | €133,821 | €442,864 | €50,127 | ▼ 88.7% |
| Taxes450/3 | €135,081 | €168,689 | €97,487 | €388,253 | €8,671 | ▼ 97.8% |
| Remuneration and social security454/9 | €29,018 | €40,698 | €36,334 | €54,611 | €41,456 | ▼ 24.1% |
| Other amounts payable47/48 | €657,336 | €143,660 | €391,150 | €591,007 | €505,056 | ▼ 14.5% |
| Accrued charges and deferred income492/3 | €188,174 | €237,688 | €253,353 | €527,473 | €203,063 | ▼ 61.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €182,944 | €169,285 | €126,718 | €62,604 | -€543,611 | ▼ 968% |
| + Depreciation and write-downs630 | €137,187 | €194,446 | €285,446 | €362,530 | €423,591 | ▲ 16.8% |
| Operating cash flow (approximation) | €320,132 | €363,731 | €412,165 | €425,134 | -€120,020 | ▼ 128% |
| Investment in fixed assets (approximation) | - | -€220,574 | -€836,181 | -€840,218 | -€188,045 | ▲ 77.6% |
| Change in cash | - | €123,441 | -€180,310 | €14,797 | €145,383 | ▲ 882% |
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€543,611
Net result drops to -€543,611, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €500,000Eq €574,469 ▲41.8%
5 profitable years in a row build equity to €574,469.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €182,944 ▲281%
Net result €182,944, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Equity above €200,000Eq €222,240 ▲27.6%
3 profitable years in a row build equity to €222,240.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150,000Eq €174,237 ▲24.7%
2 profitable years in a row build equity to €174,237.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Rijkevorsel · 4 establishment units since 2000
Ground area
3.7 ha
Building footprint
1,608 m²
Volume, LiDAR
25,968 m³
3 parcels, Flanders · tallest building 31.0 m, ±8 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
4 establishment units
RIJFRA
since 20002.099.533.029
RIJFRA
since 20152.240.610.918
Albert I-Promenade 67, 8400 Oostende
since 20212.333.176.929
A. Ruzettelaan 191, 8370 Blankenberge
since 20212.333.177.028
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31602B0312/00R000 | Flanders | 2.7 ha | 1 · 278 m² | 4.2 m · 1 fl. |
| 13502D0089/00Z023 | Flanders | 7,648 m² | - | - |
| 35013A1595/00D029 | Flanders | 2,232 m² | 1 · 1,330 m² | 31.0 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Siblu Belgium
- RIJFRA
Highest known parent: Siblu Belgium. The sources do not say who stands above it.
Owners 1
- Siblu Belgiumparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteViroinval2.240.610.918
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Of 338 companies in sector 46713 we hold annual accounts for 204. 149 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46713Wholesale trade
55300Accommodation
55202Accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471302610
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.