RIKESA
ActiveSummary
The annual accounts of RIKESA for fiscal year 2024 show a net loss of 64% of the equity at the start of that year. The 2024 annual accounts show equity of €205k and a net result of €-365k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 9715 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability29▼-15
Solvency26▼-2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k 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 short (current ratio 0.14 against 0.11 in 2023; short-term debt: 95.2% and cash: 7.4% of total assets), and 98.9% of the assets are financed with debt.
Credit check 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
1.1%
Return on assets
-1.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9715 sector peers (2024).
NBB · sector comparisonPosition among 9715 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
48 d early
2022
38 d early
2021
37 d early
2020
44 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€205k▼ 64.0%
2023 · €570k
2018: €240k
2019: €253k▲ +5.1% vs 2018
2020: €279k▲ +10.7% vs 2019
2021: €518k▲ +85.4% vs 2020
2022: €448k▼ -13.6% vs 2021
2023: €570k▲ +27.4% vs 2022highest in 7 years
2024: €205k▼ -64.0% vs 2023lowest in 7 years
2018 → 2024
Total assets
€18.78M▼ 1.2%
2023 · €19.02M
2018: €457klowest in 7 years
2019: €488k▲ +6.8% vs 2018
2020: €586k▲ +20.0% vs 2019
2021: €1.25M▲ +114% vs 2020
2022: €10.23M▲ +716% vs 2021
2023: €19.02M▲ +86.0% vs 2022highest in 7 years
2024: €18.78M▼ -1.2% vs 2023
2018 → 2024
Net result
€-365k
2023 · €123k
2018: €507khighest in 7 years
2019: €12k▼ -97.6% vs 2018
2020: €-6k▼ -152% vs 2019
2021: €239k▲ +3898% vs 2020
2022: €-71k▼ -130% vs 2021
2023: €123k▲ +274% vs 2022
2024: €-365k▼ -397% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-15.31M▲ 4.1%
2023 · €-15.96M
2018: €451khighest in 7 years
2019: €446k▼ -1.2% vs 2018
2020: €-110k▼ -125% vs 2019
2021: €-231k▼ -109% vs 2020
2022: €-8.73M▼ -3683% vs 2021
2023: €-15.96M▼ -82.8% vs 2022lowest in 7 years
2024: €-15.31M▲ +4.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€279k-€518k▲ 85.4%€448k▼ 13.6%€570k▲ 27.4%€205k▼ 64.0%
2020: €279k
2021: €518k▲ +85.4% vs 2020
2022: €448k▼ -13.6% vs 2021
2023: €570k▲ +27.4% vs 2022highest in 5 years
2024: €205k▼ -64.0% vs 2023lowest in 5 years
Operating result€-7k-€253k€-18k€503k€513k▲ 2.0%
2020: €-7k
2021: €253k▲ +3751% vs 2020
2022: €-18k▼ -107% vs 2021lowest in 5 years
2023: €503k▲ +2871% vs 2022
2024: €513k▲ +2.0% vs 2023highest in 5 years
Net result€-6k-€239k€-71k€123k€-365k
2020: €-6k
2021: €239k▲ +3898% vs 2020highest in 5 years
2022: €-71k▼ -130% vs 2021
2023: €123k▲ +274% vs 2022
2024: €-365k▼ -397% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated 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 2% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18.78M
Fixed assets
€16.20M ▼ 5.2%
Current assets
€2.58M ▲ 33.3%
Equity and liabilities €18.78M
Equity
€205k ▼ 64.0%
Provisions
€160k ▼ 5.3%
Debt
€18.42M ▲ 0.7%
Debt's share of the balance-sheet total rises from 96.1% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.39M▲
2023 · €1.04M
Cash flow
€516k▼
2023 · €661k
Current ratio
0.14▲
2023 · 0.11
Debt to equity
89.69▲
2023 · 32.05
ROE
-177.8%▼
2023 · 21.5%
ROA
-1.9%▼
2023 · 0.6%
Interest coverage
1.57▼
2023 · 2.89
Debt ≤ 1 year
€17.89M▼
2023 · €17.90M
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€19.02M€18.78M▼
Fixed assets21/28€17.09M€16.20M▼
Tangible fixed assets22/27€17.09M€16.20M▼
Land and buildings22€17.09M€16.20M▼
Current assets29/58€1.93M€2.58M▲
Amounts receivable within one year40/41€477k€596k▲
Trade receivables40€439k€596k▲
Other amounts receivable41€37k-
Cash at bank and in hand54/58€916k€1.39M▲
Deferred charges and accrued income490/1€542k€596k▲
Equity and liabilities
Total equity and liabilities10/49€19.02M€18.78M▼
Equity10/15€570k€205k▼
Contributions10/11€6k€6k=
Reserves13€507k€480k▼
Non-distributable reserves130/1€224€224=
Reserves not available under the articles1311€224€224=
Tax-exempt reserves132€507k€480k▼
Profit (loss) carried forward14€57k€-281k▼
Provisions and deferred taxes16€169k€160k▼
Deferred taxes168€169k€160k▼
Amounts payable17/49€18.28M€18.42M▲
Amounts payable within one year42/48€17.90M€17.89M▼
Financial debts43€14.76M€15.33M▲
Credit institutions430/8€14.76M€15.33M▲
Trade debts44€1.11M€552k▼
Suppliers440/4€1.11M€552k▼
Taxes, remuneration and social security45€29k€160k▲
Taxes450/3€29k€160k▲
Other amounts payable47/48€2.00M€1.85M▼
Accrued charges and deferred income492/3€383k€528k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€538k€881k▲
Other operating charges640/8€136k€191k▲
Gross operating margin9900€1.18M€1.59M▲
Operating profit (loss)9901€503k€513k▲
Financial income75/76B-€72
Recurring financial income75-€72
Financial charges65/66B€360k€887k▲
Recurring financial charges65€360k€887k▲
Profit (loss) for the period before taxes9903€143k€-374k▼
Transfer from deferred taxes780€9k€9k=
Income taxes67/77€29k-
Profit (loss) for the period9904€123k€-365k▼
Transfer from tax-exempt reserves789€27k€27k=
Profit (loss) for the period to be appropriated9905€150k€-338k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€-281k▼
Profit (loss) brought forward from the previous period14P€-92k€57k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €538k | €881k | ▲ 63.7% |
| Other operating charges640/8 | - | €512 | €450 | €136k | €191k | ▲ 40.1% |
| Gross operating margin9900 | €-6k | €254k | €-18k | €1.18M | €1.59M | ▲ 34.6% |
| Operating profit (loss)9901 | €-7k | €253k | €-18k | €503k | €513k | ▲ 2.0% |
| Financial income75/76B | - | - | - | - | €72 | - |
| Recurring financial income75 | €650 | - | - | - | €72 | - |
| Financial charges65/66B | - | €6k | €53k | €360k | €887k | ▲ 146% |
| Recurring financial charges65 | €2 | €6k | €53k | €360k | €887k | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €-6k | €247k | €-71k | €143k | €-374k | ▼ 362% |
| Transfer from deferred taxes780 | - | - | - | €9k | €9k | = |
| Income taxes67/77 | - | €8k | €-52 | €29k | - | - |
| Profit (loss) for the period9904 | €-6k | €239k | €-71k | €123k | €-365k | ▼ 397% |
| Transfer from tax-exempt reserves789 | - | - | - | €27k | €27k | = |
| Profit (loss) for the period to be appropriated9905 | €-6k | €239k | €-71k | €150k | €-338k | ▼ 326% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €586k | €1.25M | €10.23M | €19.02M | €18.78M | ▼ 1.2% |
| Fixed assets21/28 | €568k | €927k | €9.36M | €17.09M | €16.20M | ▼ 5.2% |
| Tangible fixed assets22/27 | €568k | €927k | €9.36M | €17.09M | €16.20M | ▼ 5.2% |
| Land and buildings22 | - | - | - | €17.09M | €16.20M | ▼ 5.2% |
| Assets under construction and advance payments27 | - | €927k | €9.36M | - | - | - |
| Current assets29/58 | €18k | €327k | €868k | €1.93M | €2.58M | ▲ 33.3% |
| Amounts receivable within one year40/41 | €396 | €321k | €264k | €477k | €596k | ▲ 25.1% |
| Trade receivables40 | - | €321k | - | €439k | €596k | ▲ 35.7% |
| Other amounts receivable41 | - | - | €264k | €37k | - | - |
| Cash at bank and in hand54/58 | €18k | €6k | €605k | €916k | €1.39M | ▲ 51.3% |
| Deferred charges and accrued income490/1 | - | - | - | €542k | €596k | ▲ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €586k | €1.25M | €10.23M | €19.02M | €18.78M | ▼ 1.2% |
| Equity10/15 | €279k | €518k | €448k | €570k | €205k | ▼ 64.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €534k | €534k | €534k | €507k | €480k | ▼ 5.3% |
| Non-distributable reserves130/1 | - | €224 | €224 | €224 | €224 | = |
| Reserves not available under the articles1311 | - | €224 | €224 | €224 | €224 | = |
| Tax-exempt reserves132 | - | €533k | €533k | €507k | €480k | ▼ 5.3% |
| Profit (loss) carried forward14 | €-260k | €-22k | €-92k | €57k | €-281k | ▼ 591% |
| Provisions and deferred taxes16 | €178k | €178k | €178k | €169k | €160k | ▼ 5.3% |
| Deferred taxes168 | - | €178k | €178k | €169k | €160k | ▼ 5.3% |
| Amounts payable17/49 | €129k | €557k | €9.60M | €18.28M | €18.42M | ▲ 0.7% |
| Amounts payable within one year42/48 | €129k | €557k | €9.60M | €17.90M | €17.89M | ▼ 0.1% |
| Financial debts43 | - | - | €3.13M | €14.76M | €15.33M | ▲ 3.8% |
| Credit institutions430/8 | - | - | €3.13M | €14.76M | €15.33M | ▲ 3.8% |
| Trade debts44 | €716 | €139k | €667k | €1.11M | €552k | ▼ 50.3% |
| Suppliers440/4 | - | €139k | €667k | €1.11M | €552k | ▼ 50.3% |
| Taxes, remuneration and social security45 | - | €34k | - | €29k | €160k | ▲ 458% |
| Taxes450/3 | - | €34k | - | €29k | €160k | ▲ 458% |
| Other amounts payable47/48 | - | €384k | €5.81M | €2.00M | €1.85M | ▼ 7.5% |
| Accrued charges and deferred income492/3 | - | - | - | €383k | €528k | ▲ 37.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €239k | €-71k | €123k | €-365k | ▼ 397% |
| + Depreciation and write-downs630 | - | - | - | €538k | €881k | ▲ 63.7% |
| Operating cash flow (approximation) | €-6k | €239k | €-71k | €661k | €516k | ▼ 21.9% |
| Investment in fixed assets (approximation) | - | €-359k | €-8.43M | €-8.26M | €0 | ▲ 100% |
| Change in cash | - | €-12k | €599k | €311k | €470k | ▲ 51.1% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-365k
Net result drops to €-365k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €123k
Net result €123k after one loss-making year.
31-12
Financial
Equity above €500kEq €570k ▲27.4%
Equity rises from €448k to €570k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €239k
Net result €239k after one loss-making year.
31-12
Financial
Equity above €500kEq €518k ▲85.4%
Equity rises from €279k to €518k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Herentals · 1 establishment unit since 2006
Ground area
1.2 ha
Building footprint
3,044 m²
Volume, LiDAR
52,510 m³
Parcel 13027A0065/00F002, Flanders · tallest building 24.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
RIKESA
since 20062.153.673.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027A0065/00F002 | Flanders | 1.2 ha | 1 · 3,044 m² | 24.1 m · 6 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 172,000 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 0 EUR | 0 EUR |
| 2023 | 1 | 172,000 EUR | 0 EUR |
Schemes
Subsidie vergroening mobiliteit - omschakeling naar zero-emissie en alternatieve brandstoffen
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,266 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
Founded10-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.