RINADI
ActiveSummary
RINADI has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.50M and a net result of €13k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 95% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-8
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 12.34 against 8.08 in 2023; short-term debt: 3.3% and cash: 29.2% of total assets), and 3.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.7%
Return on assets
0.8%
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 31-08-2025, 31 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 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€1.50M▼ 2.6%
2023 · €1.54M
Total assets
€1.55M▼ 4.5%
2023 · €1.62M
Net result
€13k▼ 89.5%
2023 · €125k
Working capital
€580k▼ 1.9%
2023 · €591k
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€77k▼ 59.1%€53k▼ 31.4%€-13k€181k€14k▼ 92.3%
Net result€53k▼ 58.3%€35k▼ 32.9%€-15k€125k€13k▼ 89.5%
Equity€1.43M▲ 3.8%€1.47M▲ 2.5%€1.41M▼ 3.9%€1.54M▲ 8.8%€1.50M▼ 2.6%
Total assets€1.51M▼ 7.3%€1.52M▲ 1.0%€1.47M▼ 3.0%€1.62M▲ 10.0%€1.55M▼ 4.5%
Debt€72k▼ 70.5%€51k▼ 28.5%€63k▲ 22.0%€85k▲ 35.5%€51k▼ 39.7%
Working capital€978k▲ 3.6%€1.06M▲ 8.7%€1.05M▼ 1.4%€591k▼ 43.7%€580k▼ 1.9%
Staff (FTE)6.7▼ 38.5%5.2▼ 22.4%4▼ 23.1%3.8▼ 5.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 92% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.55M
Fixed assets
€918k ▼ 3.1%
Current assets
€631k ▼ 6.5%
Equity and liabilities €1.55M
Equity
€1.50M ▼ 2.6%
Debt
€51k ▼ 39.7%
Debt's share of the balance-sheet total falls from 5.2% to 3.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€38k▼
2023 · €190k
Cash flow
€37k▼
2023 · €134k
Current ratio
12.34▲
2023 · 8.08
Quick ratio
11.22▲
2023 · 7.40
Debt to equity
0.03▼
2023 · 0.06
ROE
0.9%▼
2023 · 8.1%
ROA
0.8%▼
2023 · 7.7%
Interest coverage
121.05▼
2023 · 186.66
Debt ≤ 1 year
€51k▼
2023 · €83k
Income taxes
€8k▼
2023 · €56k
Staff costs
€-3k▼
2023 · €85k
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 | - | €129k | €99k | €85k | €-3k | ▼ 103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49k | €48k | €42k | €9k | €24k | ▲ 153% |
| Other operating charges640/8 | - | €10k | €9k | €7k | €6k | ▼ 16.4% |
| Gross operating margin9900 | €288k | €240k | €137k | €282k | €41k | ▼ 85.5% |
| Operating profit (loss)9901 | €77k | €53k | €-13k | €181k | €14k | ▼ 92.3% |
| Financial income75/76B | - | €136 | €180 | €1k | €8k | ▲ 490% |
| Recurring financial income75 | €386 | €136 | €180 | €1k | €8k | ▲ 490% |
| Financial charges65/66B | - | €1k | €949 | €1k | €310 | ▼ 69.5% |
| Recurring financial charges65 | €2k | €1k | €949 | €1k | €310 | ▼ 69.5% |
| Profit (loss) for the period before taxes9903 | €76k | €52k | €-14k | €181k | €21k | ▼ 88.3% |
| Income taxes67/77 | €24k | €17k | €829 | €56k | €8k | ▼ 85.7% |
| Profit (loss) for the period9904 | €53k | €35k | €-15k | €125k | €13k | ▼ 89.5% |
| Profit (loss) for the period to be appropriated9905 | €53k | €35k | €-15k | €125k | €13k | ▼ 89.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.51M | €1.52M | €1.47M | €1.62M | €1.55M | ▼ 4.5% |
| Fixed assets21/28 | €471k | €411k | €364k | €947k | €918k | ▼ 3.1% |
| Tangible fixed assets22/27 | €352k | €308k | €266k | €873k | €852k | ▼ 2.5% |
| Land and buildings22 | - | €276k | €262k | €873k | €852k | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €15k | €4k | - | €340 | - |
| Furniture and vehicles24 | - | €17k | €232 | - | - | - |
| Financial fixed assets28 | €119k | €103k | €97k | €74k | €66k | ▼ 11.0% |
| Current assets29/58 | €1.03M | €1.11M | €1.11M | €674k | €631k | ▼ 6.5% |
| Stocks and contracts in progress3 | €164k | €174k | €404k | €57k | €57k | ▲ 0.9% |
| Stocks30/36 | - | €174k | €404k | €57k | €57k | ▲ 0.9% |
| Amounts receivable within one year40/41 | €107k | €146k | €149k | €150k | €121k | ▼ 19.2% |
| Trade receivables40 | - | €130k | €134k | €132k | €117k | ▼ 11.9% |
| Other amounts receivable41 | - | €16k | €15k | €18k | €5k | ▼ 73.4% |
| Cash at bank and in hand54/58 | €760k | €789k | €558k | €467k | €452k | ▼ 3.3% |
| Deferred charges and accrued income490/1 | - | €717 | €484 | €396 | €413 | ▲ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.51M | €1.52M | €1.47M | €1.62M | €1.55M | ▼ 4.5% |
| Equity10/15 | €1.43M | €1.47M | €1.41M | €1.54M | €1.50M | ▼ 2.6% |
| Contributions10/11 | €822k | €822k | €822k | €822k | €822k | = |
| Capital10 | - | €822k | €822k | €822k | €822k | = |
| Issued capital100 | - | €822k | €822k | €822k | €822k | = |
| Reserves13 | €612k | €647k | €605k | €715k | €675k | ▼ 5.5% |
| Non-distributable reserves130/1 | - | €35k | €35k | €41k | €41k | ▲ 1.6% |
| Legal reserve130 | - | €35k | €35k | €41k | €41k | ▲ 1.6% |
| Distributable reserves133 | - | €613k | €570k | €674k | €634k | ▼ 6.0% |
| Profit (loss) carried forward14 | - | - | €-15k | - | - | - |
| Amounts payable17/49 | €72k | €51k | €63k | €85k | €51k | ▼ 39.7% |
| Amounts payable after more than one year17 | €15k | €5k | - | - | - | - |
| Financial debts170/4 | - | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €56k | €46k | €63k | €83k | €51k | ▼ 38.8% |
| Current portion of amounts payable after more than one year42 | - | €10k | €5k | - | - | - |
| Trade debts44 | €25k | €29k | €52k | €71k | €21k | ▼ 70.6% |
| Suppliers440/4 | - | €29k | €52k | €71k | €21k | ▼ 70.6% |
| Taxes, remuneration and social security45 | - | €7k | €5k | €13k | €1k | ▼ 89.7% |
| Taxes450/3 | - | €7k | €4k | €12k | €1k | ▼ 89.0% |
| Remuneration and social security454/9 | - | €117 | €705 | €903 | - | - |
| Other amounts payable47/48 | - | - | €203 | - | €29k | - |
| Accrued charges and deferred income492/3 | - | - | - | €1k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €35k | €-15k | €125k | €13k | ▼ 89.5% |
| + Depreciation and write-downs630 | €49k | €48k | €42k | €9k | €24k | ▲ 153% |
| Operating cash flow (approximation) | €102k | €83k | €27k | €134k | €37k | ▼ 72.6% |
| Investment in fixed assets (approximation) | - | €12k | €6k | €-593k | €6k | ▲ 101% |
| Change in cash | - | €29k | €-231k | €-91k | €-15k | ▲ 83.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €125k
Net result €125k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 18.36
Current ratio from 7.62 to 18.36; short-term debt falls from €143k to €56k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €126k ▲50.5%
Operating result €189k, net result €126k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 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, La Louvière · 1 establishment unit since 1993
Ground area
1,272 m²
Building footprint
183 m²
Volume, LiDAR
1,367 m³
2 parcels, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Château d'Eau(S-V) 13, 7100 La Louvière
since 19932.217.005.373
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56033A0451/00R002 | Wallonia | 1,034 m² | 1 · 132 m² | 9.8 m · 3 fl. |
| 55038D0177/00N039 | Wallonia | 238 m² | 1 · 51 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 4,959 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
Founded30-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.