RINNELEC
ActiveSummary
RINNELEC has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,396 and a net result of €3,615. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-18
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 28.32 against 3.77 in 2024; short-term debt: 1.9% and cash: 28.7% of total assets), and 1.9% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2025Solvency, return and age of the figures
Solvency
98.1%
Return on assets
4.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
29 d early
2023
30 d late
2022
12 d early
2021
18 d early
2020
44 d early
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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. Usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Equity
€75,396▲ 5.0%
2024 · €71,781
Total assets
€76,830▼ 2.1%
2024 · €78,444
Net result
€3,615▼ 76.3%
2024 · €15,226
Working capital
€39,172▲ 112%
2024 · €18,451
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,078▲ 12.6%€30,699▲ 45.6%€17,562▼ 42.8%€20,625▲ 17.4%€4,759▼ 76.9%
Net result€20,093within the sector's middle half▲ 6.5%€22,352within the sector's middle half▲ 11.2%€12,744within the sector's middle half▼ 43.0%€15,226within the sector's middle half▲ 19.5%€3,615within the sector's middle half▼ 76.3%
Equity€48,483within the sector's middle half▲ 70.8%€43,811within the sector's middle half▼ 9.6%€56,556within the sector's middle half▲ 29.1%€71,781within the sector's middle half▲ 26.9%€75,396within the sector's middle half▲ 5.0%
Total assets€71,711within the sector's middle half▲ 24.9%€91,444within the sector's middle half▲ 27.5%€69,801within the sector's middle half▼ 23.7%€78,444within the sector's middle half▲ 12.4%€76,830below the sector's middle half▼ 2.1%
Debt€23,228▼ 20.0%€47,633▲ 105%€13,245▼ 72.2%€6,663▼ 49.7%€1,434▼ 78.5%
Working capital€46,820within the sector's middle half▲ 42.3%€28,601within the sector's middle half▼ 38.9%€18,312within the sector's middle half▼ 36.0%€18,451within the sector's middle half▲ 0.8%€39,172within the sector's middle half▲ 112%
Solvency67.6%above the sector's middle half▲ 18.2pp47.9%within the sector's middle half▼ 19.7pp81.0%above the sector's middle half▲ 33.1pp91.5%above the sector's middle half▲ 10.5pp98.1%above the sector's middle half▲ 6.6pp
Current ratio3.02within the sector's middle half▲ 0.492.62within the sector's middle half▼ 0.392.38within the sector's middle half▼ 0.243.77above the sector's middle half▲ 1.3928.32above the sector's middle half▲ 24.55
Return on assets (ROA)28.0%above the sector's middle half▼ 4.8pp24.4%above the sector's middle half▼ 3.6pp18.3%above the sector's middle half▼ 6.2pp19.4%above the sector's middle half▲ 1.2pp4.7%within the sector's middle half▼ 14.7pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,830
Fixed assets
€36,224 ▼ 32.1%
Current assets
€40,606 ▲ 61.7%
Equity and liabilities €76,830
Equity
€75,396 ▲ 5.0%
Debt
€1,434 ▼ 78.5%
Debt's share of the balance-sheet total falls from 8.5% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,866▼
2024 · €34,920
Cash flow
€20,722▼
2024 · €29,521
Quick ratio
26.85▲
2024 · 3.62
Debt to equity
0.02▼
2024 · 0.09
ROE
4.8%▼
2024 · 21.2%
Interest coverage
3876.88▲
2024 · 1954.11
Debt ≤ 1 year
€1,434▼
2024 · €6,663
Income taxes
€1,445▼
2024 · €5,392
Staff costs
€0▼
2024 · €1,246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 10,905 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €488 | - |
| Remuneration, social security and pensions62 | - | - | €1,246 | €1,246 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,326 | €8,272 | €10,642 | €14,295 | €17,107 | ▲ 19.7% |
| Other operating charges640/8 | €1,042 | €2,027 | €1,356 | €4,856 | €1,199 | ▼ 75.3% |
| Non-recurring operating charges66A | - | - | - | €295 | €0 | ▼ 100% |
| Gross operating margin9900 | €23,447 | €40,999 | €30,806 | €41,316 | €23,065 | ▼ 44.2% |
| Operating profit (loss)9901 | €21,078 | €30,699 | €17,562 | €20,625 | €4,759 | ▼ 76.9% |
| Financial income75/76B | €1,058 | €358 | €278 | €10 | €307 | ▲ 2,874% |
| Recurring financial income75 | €1,058 | €358 | €278 | €10 | €307 | ▲ 2,874% |
| Financial charges65/66B | €76 | €72 | €115 | €18 | €6 | ▼ 68.4% |
| Recurring financial charges65 | €76 | €72 | €115 | €18 | €6 | ▼ 68.4% |
| Profit (loss) for the period before taxes9903 | €22,061 | €30,986 | €17,724 | €20,617 | €5,060 | ▼ 75.5% |
| Income taxes67/77 | €1,968 | €8,633 | €4,980 | €5,392 | €1,445 | ▼ 73.2% |
| Profit (loss) for the period9904 | €20,093 | €22,352 | €12,744 | €15,226 | €3,615 | ▼ 76.3% |
| Profit (loss) for the period to be appropriated9905 | €20,093 | €22,352 | €12,744 | €15,226 | €3,615 | ▼ 76.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,711 | €91,444 | €69,801 | €78,444 | €76,830 | ▼ 2.1% |
| Fixed assets21/28 | €1,663 | €45,210 | €38,244 | €53,331 | €36,224 | ▼ 32.1% |
| Tangible fixed assets22/27 | €1,663 | €45,210 | €38,244 | €53,331 | €36,224 | ▼ 32.1% |
| Plant, machinery and equipment23 | €1,463 | €535 | - | €816 | €471 | ▼ 42.3% |
| Furniture and vehicles24 | - | €44,475 | €38,044 | €52,314 | €35,553 | ▼ 32.0% |
| Leasing and similar rights25 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €70,048 | €46,234 | €31,557 | €25,113 | €40,606 | ▲ 61.7% |
| Stocks and contracts in progress3 | €6,202 | €6,202 | €6,692 | €1,025 | €2,105 | ▲ 105% |
| Stocks30/36 | €6,202 | €6,202 | €6,692 | €1,025 | €2,105 | ▲ 105% |
| Amounts receivable within one year40/41 | €25,625 | €21,778 | €8,186 | €7,761 | €16,467 | ▲ 112% |
| Trade receivables40 | €21,343 | €16,493 | €3,373 | €168 | €2,887 | ▲ 1,618% |
| Other amounts receivable41 | €4,282 | €5,285 | €4,813 | €7,593 | €13,580 | ▲ 78.8% |
| Cash at bank and in hand54/58 | €34,957 | €10,749 | €10,375 | €11,762 | €22,035 | ▲ 87.3% |
| Deferred charges and accrued income490/1 | €3,264 | €7,505 | €6,305 | €4,565 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,711 | €91,444 | €69,801 | €78,444 | €76,830 | ▼ 2.1% |
| Equity10/15 | €48,483 | €43,811 | €56,556 | €71,781 | €75,396 | ▲ 5.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €42,283 | €37,611 | €50,356 | €65,581 | €69,196 | ▲ 5.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €40,423 | €35,751 | €48,496 | €63,721 | €67,336 | ▲ 5.7% |
| Amounts payable17/49 | €23,228 | €47,633 | €13,245 | €6,663 | €1,434 | ▼ 78.5% |
| Amounts payable after more than one year17 | - | €30,000 | - | - | - | - |
| Financial debts170/4 | - | €30,000 | - | - | - | - |
| Amounts payable within one year42/48 | €23,228 | €17,633 | €13,245 | €6,663 | €1,434 | ▼ 78.5% |
| Trade debts44 | €20,705 | €6,125 | €4,605 | €5,002 | €1,042 | ▼ 79.2% |
| Suppliers440/4 | €20,705 | €6,125 | €4,605 | €5,002 | €1,042 | ▼ 79.2% |
| Taxes, remuneration and social security45 | €2,523 | €11,383 | €8,640 | €392 | €392 | = |
| Taxes450/3 | €2,523 | €11,383 | €8,640 | €392 | €392 | = |
| Other amounts payable47/48 | - | €125 | - | €1,269 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,093 | €22,352 | €12,744 | €15,226 | €3,615 | ▼ 76.3% |
| + Depreciation and write-downs630 | €1,326 | €8,272 | €10,642 | €14,295 | €17,107 | ▲ 19.7% |
| Operating cash flow (approximation) | €21,419 | €30,624 | €23,386 | €29,521 | €20,722 | ▼ 29.8% |
| Investment in fixed assets (approximation) | - | -€51,819 | -€3,676 | -€29,381 | €0 | ▲ 100% |
| Change in cash | - | -€24,208 | -€375 | €1,387 | €10,273 | ▲ 641% |
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 8current ratio 28.32
Current ratio from 3.77 to 28.32; short-term debt falls from €6,663 to €1,434.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €22,352 ▲11.2%
Operating result €30,699, net result €22,352, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Back to profitnet €6,164
Net result €6,164 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.89
Current ratio from 1.93 to 5.89; short-term debt falls from €22,278 to €7,014.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2010
Ground area
138 m²
Building footprint
84 m²
Volume, LiDAR
262 m³
Parcel 11007B0023/00F000, Flanders · tallest building 3.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RINNELEC
since 20102.187.077.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007B0023/00F000 | Flanders | 138 m² | 1 · 84 m² | 3.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 891 EUR awarded · 891 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 891 EUR | 891 EUR |
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,797 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825352808
Also
9925:BE0825352808
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.