RINPA
ActiveRINPA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €606k and a net result of €-129k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 10230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
15
/ 100
Critical▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency8▼-1
Growth32=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.49 in 2024), and 88.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
11.4%
Return on assets
-2.4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€129k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 10230 sector peers (2025).
NBB · sector comparisonPosition among 10230 sector peers
Solvency
better than 21%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
16 d early
2023
on the day
2022
13 d early
2021
38 d early
2020
3 d early
2019
35 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-129k▼ 74.3%
2024 · €-74k
2018: €-20k
2019: €-93k
2020: €-99k
2021: €-28k
2022: €-39k
2023: €-4k
2024: €-74k
2018 → 2025
Working capital
€-1.65M▼ 5.1%
2024 · €-1.57M
2018: €-974k
2019: €-1.28M
2020: €-1.47M
2021: €-1.48M
2022: €-1.49M
2023: €-1.52M
2024: €-1.57M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€852k-€813k▼ 4.6%€808k▼ 0.5%€735k▼ 9.1%€606k▼ 17.5%
Operating result€43k-€30k▼ 29.0%€63k▲ 108%€-16k€-62k▼ 294%
Net result€-28k-€-39k▼ 43.0%€-4k▲ 89.2%€-74k▼ 1,627%€-129k▼ 74.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62k in 2025 against €16k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.30M
Fixed assets
€3.84M▼ 5.2%
Current assets
€1.46M▼ 2.9%
Equity and liabilities €5.30M
Equity
€606k▼ 17.5%
Debt
€4.69M▼ 2.6%
The debt ratio rises from 86.8% to 88.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€159k▼
2024 · €205k
Cash flow
€93k▼
2024 · €147k
Solvency
11.4%▼
2024 · 13.2%
Current ratio
0.47▼
2024 · 0.49
Quick ratio
0.09▲
2024 · 0.09
Debt / equity
7.74▲
2024 · 6.56
ROE
-21.2%▼
2024 · -10.0%
ROA
-2.4%▼
2024 · -1.3%
Interest coverage
2.60▼
2024 · 3.24
Debt
€4.69M▼
2024 · €4.82M
Debt ≤ 1 year
€3.11M▲
2024 · €3.07M
Debt > 1 year
€1.59M▼
2024 · €1.75M
Income taxes
€11k▲
2024 · €108
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.55M€5.30M▼
Fixed assets21/28€4.05M€3.84M▼
Tangible fixed assets22/27€4.05M€3.84M▼
Land and buildings22€3.61M€3.51M▼
Furniture and vehicles24€9k€9k=
Other tangible fixed assets26€429k€319k▼
Current assets29/58€1.50M€1.46M▼
Stocks and contracts in progress3€1.24M€1.17M▼
Stocks30/36€1.24M€1.17M▼
Amounts receivable within one year40/41€17k€0▼
Trade receivables40€5k€0▼
Other amounts receivable41€12k€0▼
Current investments50/53€228k€277k▲
Cash at bank and in hand54/58€18k€11k▼
Deferred charges and accrued income490/1€942€664▼
Equity and liabilities
Total equity and liabilities10/49€5.55M€5.30M▼
Equity10/15€735k€606k▼
Contributions10/11€19k€19k=
Reserves13€659k€659k=
Distributable reserves133€659k€659k=
Profit (loss) carried forward14€57k€-72k▼
Amounts payable17/49€4.82M€4.69M▼
Amounts payable after more than one year17€1.75M€1.59M▼
Financial debts170/4€1.75M€1.59M▼
Amounts payable within one year42/48€3.07M€3.11M▲
Current portion of amounts payable after more than one year42€161k€161k▼
Trade debts44€18k€9k▼
Suppliers440/4€18k€9k▼
Taxes, remuneration and social security45€8k€13k▲
Taxes450/3€8k€13k▲
Other amounts payable47/48€2.88M€2.92M▲
Accrued charges and deferred income492/3€824€27▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220k€221k▲
Other operating charges640/8€17k€18k▲
Gross operating margin9900€222k€177k▼
Operating profit (loss)9901€-16k€-62k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€63k€61k▼
Recurring financial charges65€63k€61k▼
Profit (loss) for the period before taxes9903€-74k€-117k▼
Income taxes67/77€108€11k▲
Profit (loss) for the period9904€-74k€-129k▼
Profit (loss) for the period to be appropriated9905€-74k€-129k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€-72k▼
Profit (loss) brought forward from the previous period14P€131k€57k▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-129k
Net result drops to €-129k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2016
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
14-09-2016
Resigned as Managing director
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alsembergse Steenweg 222-2241190 VorstGround area
1,542 m²
Building footprint
1,542 m²
Volume, LiDAR
10,801 m³
Parcel 21383B0048/00C016, Brussels · tallest building 22.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RINPA
since 20052.150.389.139
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0048/00C016 | Brussels | 1,542 m² | 1 · 1,542 m² | 22.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| BETTENDORF Julie Caroline Statutory auditor | - → 01-08-2009 |
Similar companies · same sector, comparable size
F.A.B.
BE 0453.772.433
Elsene · Eq €606k
Paard van Troje
BE 0861.645.753
Gent · Eq €597k
VINTIQUES
BE 0746.503.387
Balen · Eq €633k
TRIBAL ART CLASSICS
BE 0889.790.896
Ukkel · Eq €640k
DE ROOS
BE 0428.127.910
Grimbergen · Eq €574k
Of 1,431 companies in sector 47791 we hold annual accounts for 453. 279 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2005
Fiscal year end31-12
Activities, NACEBEL
47791Retail sale of antiques
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
74871
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.