Skip to content

RILEM

Active
Private limited companyfounded 199432 yrs activeSnaggaardstraat 18, 8000 Brugge, BelgiumKBO/BCE: BE 0452.868.254
Summary

RILEM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,136 and a net result of -€9,662. Equity is shrinking by ~6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability20▼-20
Solvency66▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.35 in 2024; short-term debt: 29.3% and cash: 0.2% of total assets), and 59% of the assets are financed with debt.
Credit check for your own amount and term

Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
41%
Return on assets
-6.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,662
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 filings
Deviation from the deadline
2025
26 d late
2024
41 d early
2023
29 d late
2022
10 d late
2021
23 d early
2020
58 d early
2019
32 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 June 1994, RILEM was incorporated.1 Total assets went from EUR 152,254 in 2018 to EUR 158,963 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€65,136▼ 12.9%
2024 · €74,798
Total assets
€158,963▲ 0.1%
2024 · €158,883
Net result
-€9,662▼ 85.8%
2024 · -€5,199
Working capital
€15,964▲ 16.1%
2024 · €13,745
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
Line20212022202320242025
Operating result-€5,922▼ 223%-€4,748▲ 19.8%-€2,727▲ 42.6%-€2,932▼ 7.5%-€7,541▼ 157%
Net result-€7,239▼ 130%-€6,067▲ 16.2%-€4,453▲ 26.6%-€5,199▼ 16.7%-€9,662▼ 85.8%
Equity€90,518▼ 7.4%€84,450▼ 6.7%€79,997▼ 5.3%€74,798▼ 6.5%€65,136▼ 12.9%
Total assets€147,799▼ 0.5%€148,824▲ 0.7%€157,303▲ 5.7%€158,883▲ 1.0%€158,963▲ 0.1%
Debt€57,281▲ 12.7%€64,373▲ 12.4%€77,306▲ 20.1%€84,085▲ 8.8%€93,826▲ 11.6%
Working capital€7,179▼ 49.0%€11,093▲ 54.5%€10,203▼ 8.0%€13,745▲ 34.7%€15,964▲ 16.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€5,922-€5,922Net result 2021: -€7,239-€7,239Operating result 2022: -€4,748-€4,748Net result 2022: -€6,067-€6,067Operating result 2023: -€2,727-€2,727Net result 2023: -€4,453-€4,453Operating result 2024: -€2,932-€2,932Net result 2024: -€5,199-€5,199Operating result 2025: -€7,541-€7,541Net result 2025: -€9,662-€9,66220212022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€2,727-€2,730Net result 2023: -€4,453-€4,450Operating result 2024: -€2,932-€2,930Net result 2024: -€5,199-€5,200Operating result 2025: -€7,541-€7,540Net result 2025: -€9,662-€9,660202320242025
The operating result stays negative: a loss of €7,541 in 2025 against €2,932 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,963
Fixed assets €96,440 ▼ 9.3%
Current assets €62,523 ▲ 18.9%
Equity and liabilities €158,963
Equity €65,136 ▼ 12.9%
Debt €93,826 ▲ 11.6%
Debt's share of the balance-sheet total rises from 52.9% to 59.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,307▼
2024 · €6,916
Cash flow
€186▼
2024 · €4,649
Current ratio
1.34▼
2024 · 1.35
Debt to equity
1.44▲
2024 · 1.12
ROE
-14.8%▼
2024 · -7.0%
ROA
-6.1%▼
2024 · -3.3%
Interest coverage
1.09▼
2024 · 3.05
Debt ≤ 1 year
€46,559▲
2024 · €38,850
Debt > 1 year
€40,000=
2024 · €40,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 12,304 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€158,883€158,963▲
Fixed assets21/28€106,288€96,440▼
Tangible fixed assets22/27€106,288€96,440▼
Land and buildings22€106,288€96,440▼
Current assets29/58€52,595€62,523▲
Cash at bank and in hand54/58€34€352▲
Deferred charges and accrued income490/1€52,561€62,171▲
Equity and liabilities
Total equity and liabilities10/49€158,883€158,963▲
Equity10/15€74,798€65,136▼
Contributions10/11€105,603€105,603=
Capital10€105,603€105,603=
Issued capital100€105,603€105,603=
Reserves13€16€16=
Non-distributable reserves130/1€16€16=
Legal reserve130€16€16=
Profit (loss) carried forward14-€30,821-€40,482▼
Amounts payable17/49€84,085€93,826▲
Amounts payable after more than one year17€40,000€40,000=
Financial debts170/4€40,000€40,000=
Amounts payable within one year42/48€38,850€46,559▲
Trade debts44-€528
Suppliers440/4-€528
Other amounts payable47/48€38,850€46,031▲
Accrued charges and deferred income492/3€5,235€7,268▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,848€9,848=
Other operating charges640/8€1,454€1,498▲
Gross operating margin9900€8,371€3,806▼
Operating profit (loss)9901-€2,932-€7,541▼
Financial charges65/66B€2,268€2,121▼
Recurring financial charges65€2,268€2,121▼
Profit (loss) for the period before taxes9903-€5,199-€9,662▼
Profit (loss) for the period9904-€5,199-€9,662▼
Profit (loss) for the period to be appropriated9905-€5,199-€9,662▼
Appropriation of the result
Profit (loss) to be appropriated9906-€30,821-€40,482▼
Profit (loss) brought forward from the previous period14P-€25,622-€30,821▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,479€8,912€9,235€9,848€9,848=
Other operating charges640/8€1,264€1,285€2,035€1,454€1,498▲ 3.0%
Gross operating margin9900€3,821€5,449€8,543€8,371€3,806▼ 54.5%
Operating profit (loss)9901-€5,922-€4,748-€2,727-€2,932-€7,541▼ 157%
Financial charges65/66B€1,317€1,319€1,727€2,268€2,121▼ 6.5%
Recurring financial charges65€1,317€1,319€1,727€2,268€2,121▼ 6.5%
Profit (loss) for the period before taxes9903-€7,239-€6,067-€4,453-€5,199-€9,662▼ 85.8%
Profit (loss) for the period9904-€7,239-€6,067-€4,453-€5,199-€9,662▼ 85.8%
Profit (loss) for the period to be appropriated9905-€7,239-€6,067-€4,453-€5,199-€9,662▼ 85.8%
Line20212022202320242025Change
Assets
Total assets20/58€147,799€148,824€157,303€158,883€158,963▲ 0.1%
Fixed assets21/28€124,619€115,707€114,133€106,288€96,440▼ 9.3%
Tangible fixed assets22/27€124,619€115,707€114,133€106,288€96,440▼ 9.3%
Land and buildings22€124,619€115,707€114,133€106,288€96,440▼ 9.3%
Current assets29/58€23,180€33,117€43,170€52,595€62,523▲ 18.9%
Cash at bank and in hand54/58€87€224€439€34€352▲ 935%
Deferred charges and accrued income490/1€23,093€32,893€42,731€52,561€62,171▲ 18.3%
Equity and liabilities
Total equity and liabilities10/49€147,799€148,824€157,303€158,883€158,963▲ 0.1%
Equity10/15€90,518€84,450€79,997€74,798€65,136▼ 12.9%
Contributions10/11€105,603€105,603€105,603€105,603€105,603=
Capital10€105,603€105,603€105,603€105,603€105,603=
Issued capital100€105,603€105,603€105,603€105,603€105,603=
Reserves13€16€16€16€16€16=
Non-distributable reserves130/1€16€16€16€16€16=
Legal reserve130€16€16€16€16€16=
Profit (loss) carried forward14-€15,101-€21,168-€25,622-€30,821-€40,482▼ 31.3%
Amounts payable17/49€57,281€64,373€77,306€84,085€93,826▲ 11.6%
Amounts payable after more than one year17€40,000€40,000€40,000€40,000€40,000=
Financial debts170/4€40,000€40,000€40,000€40,000€40,000=
Amounts payable within one year42/48€16,001€22,023€32,967€38,850€46,559▲ 19.8%
Trade debts44-€2,902€115-€528-
Suppliers440/4-€2,902€115-€528-
Other amounts payable47/48€16,001€19,121€32,852€38,850€46,031▲ 18.5%
Accrued charges and deferred income492/3€1,280€2,350€4,339€5,235€7,268▲ 38.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€7,239-€6,067-€4,453-€5,199-€9,662▼ 85.8%
+ Depreciation and write-downs630€8,479€8,912€9,235€9,848€9,848=
Operating cash flow (approximation)€1,240€2,845€4,782€4,649€186▼ 96.0%
Investment in fixed assets (approximation)-€0-€7,661-€2,003€0▲ 100%
Change in cash-€137€215-€405€318▲ 179%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial Weakest financial yearnet -€9,662
Net result drops to -€9,662, the lowest in the series.
20-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
10-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
08-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
01-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial Liquidity doublescurrent ratio 6.86
Current ratio from 3.02 to 6.86; short-term debt falls from €4,641 to €2,649.
26-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
11-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
4 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, Brugge · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
291 m²
Building footprint
128 m²
Volume, LiDAR
806 m³
Parcel 31806F0276/00R000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RILEM NV
Snaggaardstraat 18, 8000 BruggeInsurance, reinsurance and pension funding, except compulsory social security
since 19942.067.896.874
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31806F0276/00R000 Flanders 291 m² 1 · 128 m² 10.2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded13-06-1994
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.