Equity
Equity fell by 85% in 4 years.
Equity fell by 85% in 4 years.
From profit to loss in 2025, after a profit of €24,637 in 2024.
€244,617 of the debts are secured on the company's own assets. In 2022 that was €636,070.
Between 2023 and 2025, 27% of the full-time equivalents disappeared.
The last five annual accounts were filed 6 to 74 days before the end of the period.
Lower net result than 90% of companies in food and beverage service. Sector median €9,699 · 964 companies.
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 56, small). It does better than 22% of them on solvency, 68% on liquidity, 13% on profitability and 9% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 450 companies had the same profile as RINAREST has now. Each dot is one company, two years later.
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RINAREST itself: 1.7% within 12 months.
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 450 companies, not a prediction for RINAREST. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.9 (1.15 in 2024), below 1. Short-term debt is 76.1% and cash 48.4% of total assets. 92.9% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RINAREST Aiseau-Presles | €655,390 | €0.9m | 7.1% | 17.8 |
| MDC4Life Overijse | €625,733 | €0.9m | 62.0% | 18.4 |
| MRJKING Namur | €588,510 | €0.9m | 55.7% | 21.1 |
| KV FOOD La Louvière | €799,535 | €0.9m | -6.2% | 20.3 |
| CLEH Mons | €522,484 | €0.6m | 44.7% | 16.5 |
| LA PLACE DES PYRAMIDES Mouscron | €549,560 | €1.1m | 19.8% | 22.8 |
| GUR MOUSCRON Mouscron | €778,771 | €0.8m | 10.5% | 12.6 |
These companies have the same main activity as RINAREST: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €522,000 and €800,000, founded between 2017 and 2020.
RINAREST has existed since 2018. The gross margin fell from €1.5m in 2019 to €859,838 in 2025.
Solvency fell in 2025 from 20.5% to 7.1% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.4m. Estimated: probably between €2.0m and €2.7m.
Higher than 28% of 963 companies in 2025.
Higher than 42% of 942 companies in 2025.
Higher than 13% of 946 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 167 people joined and 192 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
655,390 | 811,623 | 1.0m | 1.2m | 1.3m | 1.4m | 1.4m | |
20 |
5,906 | 10,628 | 15,350 | 21,548 | 32,173 | 46,302 | 70,926 | |
21/28 |
199,711 | 341,416 | 480,861 | 584,855 | 724,430 | 842,886 | 967,866 | |
22/27 |
199,711 | 341,416 | 480,861 | 584,855 | 724,430 | 842,886 | 967,866 | |
22 |
166,757 | 300,090 | 433,410 | 566,730 | 700,050 | 833,370 | 966,690 | |
23 |
28,328 | 30,986 | 31,336 | 4,695 | 4,816 | 6,283 | 1,176 | |
24 |
4,627 | 10,340 | 16,115 | 13,430 | 19,564 | 3,233 | - | |
29/58 |
449,773 | 459,578 | 549,758 | 562,230 | 565,020 | 467,229 | 361,963 | |
3 |
24,258 | 27,469 | 30,152 | 24,972 | 31,667 | 19,155 | 24,686 | |
30/36 |
24,258 | 27,469 | 30,152 | 24,972 | 31,667 | 19,155 | 24,686 | |
40/41 |
92,374 | 100,870 | 156,219 | 94,584 | 93,273 | 26,222 | 7,777 | |
40 |
- | 1,545 | 62,468 | - | - | 13,242 | 5,561 | |
41 |
92,374 | 99,325 | 93,751 | 94,584 | 93,273 | 12,979 | 2,216 | |
50/53 |
- | - | 100,000 | - | - | - | - | |
54/58 |
317,010 | 330,811 | 259,459 | 427,821 | 427,749 | 404,521 | 275,899 | |
490/1 |
16,131 | 428 | 3,929 | 14,853 | 12,331 | 17,331 | 53,601 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
655,390 | 811,623 | 1.0m | 1.2m | 1.3m | 1.4m | 1.4m | |
10/15 |
46,391 | 166,665 | 142,028 | 174,901 | 312,967 | 221,147 | 63,371 | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
100 |
- | - | - | - | - | - | 100,000 | |
13 |
- | 66,665 | 42,028 | 74,901 | 212,967 | - | - | |
133 |
- | 66,665 | 42,028 | 74,901 | 212,967 | - | - | |
14 |
-53,609 | - | - | - | - | 121,147 | -36,629 | |
17/49 |
608,999 | 644,958 | 903,941 | 993,731 | 1.0m | 1.1m | 1.3m | |
17 |
110,092 | 244,617 | 377,102 | 507,576 | 636,070 | 762,239 | 856,575 | |
170/4 |
110,092 | 244,617 | 377,102 | 507,576 | 636,070 | 762,239 | 856,575 | |
42/48 |
498,772 | 400,341 | 526,839 | 482,756 | 371,111 | 371,330 | 480,808 | |
42 |
134,526 | 132,484 | 130,474 | 128,494 | 126,545 | 125,000 | 122,733 | |
44 |
293,925 | 162,782 | 297,670 | 249,118 | 162,675 | 170,270 | 241,279 | |
440/4 |
293,925 | 162,782 | 297,670 | 249,118 | 162,675 | 170,270 | 241,279 | |
45 |
70,322 | 105,074 | 98,695 | 105,144 | 81,891 | 76,061 | 94,317 | |
450/3 |
1,956 | 8,512 | 7,465 | 5,712 | 913 | 566 | 13,153 | |
454/9 |
68,366 | 96,562 | 91,230 | 99,432 | 80,979 | 75,494 | 81,164 | |
47/48 |
- | - | - | - | - | - | 22,478 | |
492/3 |
135 | - | - | 3,400 | 1,475 | 1,700 | - | |
| Income statement | ||||||||
9900 |
859,838 | 1.1m | 1.1m | 880,200 | 964,859 | 929,063 | 1.5m | |
62 |
795,669 | 876,981 | 981,233 | 839,520 | 690,378 | 595,815 | 1.3m | |
630 |
156,462 | 153,981 | 154,636 | 151,458 | 154,908 | 159,212 | 279,305 | |
640/8 |
6,963 | 11,755 | 11,659 | 19,076 | 14,113 | 5,744 | 9,839 | |
9901 |
-99,255 | 38,630 | -19,116 | -129,854 | 105,460 | 168,293 | -12,472 | |
75/76B |
7,470 | 1,914 | 8,776 | 3,355 | 56 | 3,482 | 4,830 | |
75 |
7,470 | 1,914 | 8,776 | 3,355 | 56 | 3,482 | 4,830 | |
65/66B |
28,313 | 15,787 | 22,179 | 11,170 | 13,309 | 13,596 | 28,946 | |
65 |
28,313 | 15,787 | 22,179 | 11,170 | 13,309 | 13,596 | 28,946 | |
9903 |
-120,098 | 24,757 | -32,519 | -137,669 | 92,207 | 158,179 | -36,588 | |
67/77 |
176 | 120 | 354 | 397 | 387 | 403 | 41 | |
9904 |
-120,274 | 24,637 | -32,873 | -138,066 | 91,820 | 157,776 | -36,629 | |
9905 |
-120,274 | 24,637 | -32,873 | -138,066 | 91,820 | 157,776 | -36,629 | |
| Appropriation of the result | ||||||||
9906 |
-120,274 | 24,637 | -32,873 | -138,066 | 212,967 | 121,147 | -36,629 | |
14P |
- | - | - | - | 121,147 | - | - | |
791/2 |
66,665 | - | 32,873 | 138,066 | - | - | - | |
691/2 |
- | 24,637 | - | - | 212,967 | - | - | |
6921 |
- | 24,637 | - | - | 212,967 | - | - | |
| Social balance sheet | ||||||||
9087 |
17.8 | 22.2 | 24.3 | 22.5 | 21.6 | 19.4 | 19.3 | |
Hours worked1013 |
- | 38,100 | 41,376 | 38,236 | 36,108 | 30,964 | 36,892 | |
| Document | ||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 18-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 18-05-2026 | 2026-00112501 | |
| 31-12-2024 | full format | 22-06-2025 | 2025-00161529 | |
| 31-12-2023 | full format | 25-07-2024 | 2024-00280659 | |
| 31-12-2022 | full format | 22-05-2023 | 2023-00095482 | |
| 31-12-2021 | full format | 19-07-2022 | 2022-20209246 | |
| 31-12-2020 | full format | 25-06-2021 | 2021-25300373 | |
| 31-12-2019 | full format | 28-07-2020 | 2020-35500070 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 57,206 | 192,611 | 135,519 | 21,604 | 260,368 | 327,505 | 266,832 | ||
| 36,188 | 178,618 | 121,763 | 13,392 | 246,728 | 316,988 | 242,676 | ||
| 10,034 | 9,815 | 44,444 | 1,257 | 22,324 | 9,608 | 1.2m | ||
| -13,801 | 71,352 | -168,362 | 72 | 23,228 | 128,622 | - | ||
| -48,999 | 59,238 | 22,919 | 79,475 | 193,909 | 95,898 | -118,845 | ||
| 7.1% | 20.5% | 13.6% | 15.0% | 23.7% | 16.3% | 4.5% | ||
| 0.90 | 1.15 | 1.04 | 1.16 | 1.52 | 1.26 | 0.75 | ||
| 0.85 | 1.08 | 0.99 | 1.11 | 1.44 | 1.21 | 0.70 | ||
| 13.13 | 3.87 | 6.36 | 5.68 | 3.22 | 5.13 | 21.10 | ||
| -259.3% | 14.8% | -23.1% | -78.9% | 29.3% | 71.3% | -57.8% | ||
| -18.4% | 3.0% | -3.1% | -11.8% | 6.9% | 11.6% | -2.6% | ||
| 2.02 | 12.20 | 6.11 | 1.93 | 19.56 | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 46 | 47 | 41 | 40 |
| full-time | - | 4 | 4 | 6 | 4 |
| part-time | - | 42 | 43 | 35 | 36 |
| in full-time equivalents | - | - | 23.4 | 23.4 | 21.4 |
| 17.8 | 22.2 | 24.3 | 22.5 | 21.6 | |
| On a permanent contract | 21 | 17 | 24 | 26 | 23 |
| Joined | 167 | 366 | 287 | 207 | 202 |
| Left | 192 | 367 | 281 | 206 | 196 |
| Training hours | - | 72 | 72 | - | 592 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €244,617 | €377,102 | €507,576 | €636,070 | - |
| Debts guaranteed by Belgian public bodies | - | - | - | - | €762,614 |
| €1.3m | €1.3m | €1.3m | €1.3m | €1.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,034 | €9,815 | €44,444 | €1,257 | €22,324 |
| €156,462 | €153,981 | €154,636 | €151,458 | €154,908 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €99,255, after a profit of €38,630 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 79.5% to 92.9%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
RINAREST has no parent and no holdings in its annual accounts.
The network lets you explore the ties of RINAREST.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Rue de Roselies 27 registered office 6250 Aiseau-Presles | |||
| Rue de l'Essor 1 5060 Sambreville | 01-06-2018 | 2.276.619.890 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92007A0521/00L014 | 1.9 ha | 1 · 1,332 m² | 8.4 m · 2 |
| 52002A0015/00X002 | 992 m² | 1 · 149 m² | 10.1 m · 3 |
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