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.
Credit check for your own amount and term
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)
Financials · fiscal year 2024, micro schema
Equity
€1.50M▼ 2.6%
2023 · €1.54M
2018: €1.30Mlowest in 7 years
2019: €1.38M▲ +6.6% vs 2018
2020: €1.43M▲ +3.8% vs 2019
2021: €1.47M▲ +2.5% vs 2020
2022: €1.41M▼ -3.9% vs 2021
2023: €1.54M▲ +8.8% vs 2022highest in 7 years
2024: €1.50M▼ -2.6% vs 2023
2018 → 2024
Total assets
€1.55M▼ 4.5%
2023 · €1.62M
2018: €1.46Mlowest in 7 years
2019: €1.62M▲ +10.9% vs 2018highest in 7 years
2020: €1.51M▼ -7.3% vs 2019
2021: €1.52M▲ +1.0% vs 2020
2022: €1.47M▼ -3.0% vs 2021
2023: €1.62M▲ +10.0% vs 2022
2024: €1.55M▼ -4.5% vs 2023
2018 → 2024
Net result
€13k▼ 89.5%
2023 · €125k
2018: €84k
2019: €126k▲ +50.5% vs 2018highest in 7 years
2020: €53k▼ -58.3% vs 2019
2021: €35k▼ -32.9% vs 2020
2022: €-15k▼ -142% vs 2021lowest in 7 years
2023: €125k▲ +940% vs 2022
2024: €13k▼ -89.5% vs 2023
2018 → 2024
Working capital
€580k▼ 1.9%
2023 · €591k
2018: €753k
2019: €945k▲ +25.5% vs 2018
2020: €978k▲ +3.6% vs 2019
2021: €1.06M▲ +8.7% vs 2020highest in 7 years
2022: €1.05M▼ -1.4% vs 2021
2023: €591k▼ -43.7% vs 2022
2024: €580k▼ -1.9% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.43M-€1.47M▲ 2.5%€1.41M▼ 3.9%€1.54M▲ 8.8%€1.50M▼ 2.6%
2020: €1.43M
2021: €1.47M▲ +2.5% vs 2020
2022: €1.41M▼ -3.9% vs 2021lowest in 5 years
2023: €1.54M▲ +8.8% vs 2022highest in 5 years
2024: €1.50M▼ -2.6% vs 2023
Operating result€77k-€53k▼ 31.4%€-13k€181k€14k▼ 92.3%
2020: €77k
2021: €53k▼ -31.4% vs 2020
2022: €-13k▼ -125% vs 2021lowest in 5 years
2023: €181k▲ +1463% vs 2022highest in 5 years
2024: €14k▼ -92.3% vs 2023
Net result€53k-€35k▼ 32.9%€-15k€125k€13k▼ 89.5%
2020: €53k
2021: €35k▼ -32.9% vs 2020
2022: €-15k▼ -142% vs 2021lowest in 5 years
2023: €125k▲ +940% vs 2022highest in 5 years
2024: €13k▼ -89.5% vs 2023
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.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.62M€1.55M▼
Fixed assets21/28€947k€918k▼
Tangible fixed assets22/27€873k€852k▼
Land and buildings22€873k€852k▼
Plant, machinery and equipment23-€340
Financial fixed assets28€74k€66k▼
Current assets29/58€674k€631k▼
Stocks and contracts in progress3€57k€57k▲
Stocks30/36€57k€57k▲
Amounts receivable within one year40/41€150k€121k▼
Trade receivables40€132k€117k▼
Other amounts receivable41€18k€5k▼
Cash at bank and in hand54/58€467k€452k▼
Deferred charges and accrued income490/1€396€413▲
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.55M▼
Equity10/15€1.54M€1.50M▼
Contributions10/11€822k€822k=
Capital10€822k€822k=
Issued capital100€822k€822k=
Reserves13€715k€675k▼
Non-distributable reserves130/1€41k€41k▲
Legal reserve130€41k€41k▲
Distributable reserves133€674k€634k▼
Amounts payable17/49€85k€51k▼
Amounts payable within one year42/48€83k€51k▼
Trade debts44€71k€21k▼
Suppliers440/4€71k€21k▼
Taxes, remuneration and social security45€13k€1k▼
Taxes450/3€12k€1k▼
Remuneration and social security454/9€903-
Other amounts payable47/48-€29k
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Remuneration, social security and pensions62€85k€-3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€24k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€282k€41k▼
Operating profit (loss)9901€181k€14k▼
Financial income75/76B€1k€8k▲
Recurring financial income75€1k€8k▲
Financial charges65/66B€1k€310▼
Recurring financial charges65€1k€310▼
Profit (loss) for the period before taxes9903€181k€21k▼
Income taxes67/77€56k€8k▼
Profit (loss) for the period9904€125k€13k▼
Profit (loss) for the period to be appropriated9905€125k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€110k€13k▼
Profit (loss) brought forward from the previous period14P€-15k-
Transfer from equity791/2-€53k
Transfer to equity691/2€110k€13k▼
To the legal reserve6920€5k€654▼
To other reserves6921€104k€12k▼
Profit to be distributed694/7-€53k
Return on contributions (dividend)694-€53k
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 4,958 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.