Turnover
≈ €160,000 estimated
The accounts state no turnover.
RINADI
Lifetime
19 annual accounts with figures on one time axis, 32 filings since 1994peak €536,304 (2008)
€35,291▼ 13.6%
lowest -€30,124 (2013)
-€24,760▼ €37,849
peak €1.5m (2023)
€1.5m▼ 1.7%
€4,127▼ 91.9%
peak 12.8 FTE (2008)
-not published
Board2 names since 2017
2 directorsNAPOLEONE Rita Antonella and 1 other
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Gross margin from €40,869 to €35,291Loss of €24,760Debts from €51,129 to €4,127
Key points
from the 2025 annual accountsFilings
32 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€24,760
Lower net result than 86% of companies in construction of buildings. Sector median €19,022 · 2,812 companies.
Checked score
95
Excellent
Financially stronger than 58% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 61 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1993
Equity €1.5m (99.7% of total assets)
Liquidity: current ratio 140.44, cash €479,702
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 41, micro). It does better than 92% of them on solvency, 91% on liquidity, 16% on profitability and 33% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 8,617 companies had the same profile as RINADI has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RINADI itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 8,617 companies, not a prediction for RINADI. 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
Credit of up to €130,000 on 30-day terms is acceptable
Short-term debt is 0.3% and cash 32.5% of total assets. 0.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 · 10 filingsDeviation from the deadline
2025
61 days late
2024
31 days late
2023
29 days late
2022
31 days late
2021
31 days late
2020
61 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0450037834
1 director appointed, 2 reappointments
Reappointments: RICCIARDI Grasiano Francesca Michel and NAPOLEONE Rita Antonella · Appointment: RICCIARDI Grasiano Francesca Michel · General meeting of 27-11-2023 · Gazette deed
Reappointments: RICCIARDI Grasiano (managing director) and NAPOLEONE Rita (managing director)
General meeting of 06-06-2023 · Gazette deed
First establishment
Rue du Château d'Eau (S-V) 13, La Louvière
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RINADI La Louvière | €1.5m | €35,291 | 99.7% | - |
| SHARK Mons | €1.1m | €31,611 | 36.8% | - |
| Bernard DESMET Ath | €1.3m | €49,666 | 71.0% | - |
| IMMOBILIERE DE L'EMPIRE Gerpinnes | €1.1m | €26,045 | 17.0% | - |
| CLASS-CONSTRUCT Wezembeek-Oppem | €1.3m | €26,147 | 13.0% | - |
| HAKO BUILD Brussels | €1.4m | €41,239 | 3.0% | - |
| HOLTAPPELS EMILE Lanaken | €1.1m | €33,872 | 76.8% | - |
These companies have the same main activity as RINADI: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 1988 and 2000.
Official details
Source: KBO- Status
- Active since 30-04-1993Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.217.005.3737100 La Louvière, since 14-10-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Insights on RINADI
RINADI files the abbreviated format. That format states no turnover. The gross margin fell from €443,867 in 2007 to €35,291 in 2025.
In October 2023, the Official Gazette published the appointment of NAPOLEONE Rita Antonella as managing director.
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 RINADI
- What is the company number of RINADI?
- The company number of RINADI is 0450.037.834. The VAT number is the same number with BE in front: BE 0450.037.834.
- Where is RINADI based?
- The registered office is at Rue Duchâteau 13, 7100 La Louvière.Company details
- What does RINADI do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of RINADI?
- RINADI is a public limited company (NV).
- When was RINADI founded?
- RINADI was founded on 30-04-1993.
- Is RINADI still active?
- Yes, RINADI is an active enterprise in the KBO register.
- How many employees does RINADI have?
- RINADI had an average of 3.8 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does RINADI fall under?
- In its 2024 annual accounts, RINADI states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of RINADI?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €35,291 and 37 comparable companies (NACE 41001). It probably lies between €94,000 and €300,000.
- Is RINADI profitable?
- In financial year 2025, RINADI made a loss of €24,760.
- Where can I find the annual accounts of RINADI?
- RINADI filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RINADI due?
- RINADI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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