Equity
€606,042 from €1.6m in 2016
Equity fell by 62% in 9 years.
RINPA
Lifetime
20 annual accounts with figures on one time axispeak €808,588 (2015)
€177,157▼ 20.1%
lowest -€415,428 (2017)
-€128,501▼ €54,758
peak €1.6m (2016)
€606,042▼ 17.5%
€4.7m▼ 2.6%
peak 1.6 FTE (2012)
-not published
Board1 name since 2021
1 directorHUFKENS François-Xavier
Owners
Documentsfilings and deeds
22-07-20269 days before the deadline
2025abbreviated format
Gross margin from €221,675 to €177,157Loss of €128,501Equity from €734,543 to €606,042Cash from €18,172 to €10,959
Key points
from the 2025 annual accountsLosses
-€900,105 in nine years
Every financial year from 2017 to 2025 closed with a loss. 2017 was the heaviest.
Debts
€4.7m 89% of the balance sheet
Financial debts 34%Suppliers 0%Taxes and wages 0%Other 66%
€1.7m of the debts are secured on the company's own assets. In 2021 that was €2.5m.
Investments
€10,460 0.0 × depreciation
Green is investment, beige is depreciation.
Filings
20 annual accounts since 2006
The 2016 accounts came 31 days late. The other nine of the last ten were filed on time.
Position in the sector
-€128,501
Lower net result than 95% of companies in retail trade. Sector median €27,425 · 12,844 companies.
Checked score
65
Healthy
Financially stronger than 20% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.9%▲ +0.5 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.2 percentage points vs 04-2026
06-2026: 1.2%▲ +0.1 percentage points vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.9%▼ -0.4 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.47, cash €10,959
1 change of registered office in 24 months
Equity €606,042 (11.4% of total assets)
lowers risk
Size: total assets €5.3m
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 47, small). It does better than 24% of them on solvency, 18% on liquidity, 22% on profitability and 18% 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 low class on 30-06-2025, 0.8% 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, 2,507 companies had the same profile as RINPA has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RINPA itself: 0.9% 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 2,507 companies, not a prediction for RINPA. 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 €35,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.47 (0.49 in 2024), below 1. Short-term debt is 58.6% and cash 0.2% of total assets. 88.6% 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
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€128,501
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 12856 sector peers (2025).
NBB · sector comparisonPosition among 12856 sector peers
Solvency
better than 22%
← 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 days early
2024
16 days early
2023
on the day
2022
13 days early
2021
38 days early
2020
3 days early
2019
35 days early
← 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 16 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 18 July (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 office moved from Uccle to Forest
New registered office: Chaussée d'Alsemberg 222/224, 1190 Forest · Previous registered office: Avenue Hamoir 48, 1180 Uccle · Board meeting of 23-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0877002734
Change of role: HUFKENS François-Xavier, from manager to director
“L’achat,la vente,l’exploitation,l’importation,l’exportation en détail et on gros,via internet(e-commerce)ou…” (deed in French) · Gazette deed
First establishment
Alsembergse Steenweg 222-224, Forest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RINPA Forest | €5.3m | €177,157 | 11.4% | - |
| ALMINE RECH GALLERY Ixelles | €7.8m | €234,614 | -67.5% | 13.6 |
| EA2 bvba Putte | €3.5m | €249,074 | 28.9% | 1.4 |
| RAPIN & CO La Bruyère | €3.5m | €60,500 | 47.6% | - |
| FRANCIS MAERE FINE ARTS Deinze | €2.6m | €203,308 | 39.6% | 0.1 |
| MDZ - PROJECTS Knokke-Heist | €3.0m | €477,399 | 78.7% | 0 |
| David Lévy et Associés Forest | €7.4m | €741,958 | 55.4% | - |
These companies have the same main activity as RINPA: retail sale of antiques (NACE 47791). They are comparable in size and age: total assets between €2.6m and €7.8m, founded between 2002 and 2010.
Official details
Source: KBO- Status
- Active since 28-10-2005Normal situation
- Activity
- Retail sale of antiquesNACE 47791and 4 others
- Establishment unit
- 2.150.389.1391190 Forest, since 12-12-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 15-10-2025
Annual accounts 2025
- ≈ €830,000estimated
- €5.3m▼ 4.6%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on RINPA
RINPA files the abbreviated format. That format states no turnover. The gross margin rose from €25,593 in 2006 to €177,157 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets, financed with long-term debt.
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 RINPA
- What is the company number of RINPA?
- The company number of RINPA is 0877.002.734. The VAT number is the same number with BE in front: BE 0877.002.734.
- Where is RINPA based?
- The registered office is at Alsembergse Steenweg 222-224, 1190 Forest.Company details
- What does RINPA do?
- According to the KBO register, the main activity is retail sale of antiques (NACE 47791).
- What is the legal form of RINPA?
- RINPA is a private limited company (BV).
- When was RINPA founded?
- RINPA was founded on 28-10-2005.
- Is RINPA still active?
- Yes, RINPA is an active enterprise in the KBO register.
- What is the turnover of RINPA?
- The turnover in financial year 2025 is ≈ €830,000. This figure is estimated from the gross margin of €177,157 and 51 comparable companies (NACE 477). It probably lies between €550,000 and €1.6m.Financials
- Is RINPA profitable?
- In financial year 2025, RINPA made a loss of €128,501.
- Where can I find the annual accounts of RINPA?
- RINPA filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RINPA due?
- RINPA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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