RIONEL
ActiveSummary
RIONEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €776k and a net result of €-26k. Equity is growing by ~5.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 53.24 against 59.13 in 2024; short-term debt: 0.7% and cash: 1.5% of total assets), and 0.7% 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
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
99.3%
Return on assets
-3.3%
Age of the figures
9 mo
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 €-26k
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
26 d late
2023
34 d late
2022
31 d late
2021
19 d early
2020
33 d early
2019
19 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-26k▲ 9.1%
2024 · €-28k
Working capital
€275k▼ 6.3%
2024 · €293k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-25k▼ 1.6%€-23k▲ 5.9%€-21k▲ 8.4%€-28k▼ 29.1%€-25k▲ 9.3%
Net result€-25k▼ 1.8%€332k€-22k€-28k▼ 28.2%€-26k▲ 9.1%
Equity€520k▼ 4.6%€851k▲ 63.8%€830k▼ 2.6%€801k▼ 3.4%€776k▼ 3.2%
Total assets€553k▼ 4.3%€859k▲ 55.3%€835k▼ 2.8%€806k▼ 3.4%€781k▼ 3.1%
Debt€33k▲ 1.1%€8k▼ 77.4%€6k▼ 26.6%€5k▼ 9.0%€5k▲ 4.2%
Working capital€-14k€325k€311k▼ 4.4%€293k▼ 5.7%€275k▼ 6.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2025 against €28k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €781k
Fixed assets
€501k ▼ 1.4%
Current assets
€280k ▼ 6.2%
Equity and liabilities €781k
Equity
€776k ▼ 3.2%
Debt
€5k ▲ 4.2%
Debt's share of the balance-sheet total stays at 0.7%.
Key figures and ratios
EBITDA
€-18k▼
2024 · €-17k
Cash flow
€-19k▼
2024 · €-18k
Current ratio
53.24▼
2024 · 59.13
Debt to equity
0.01▲
2024 · 0.01
ROE
-3.3%▲
2024 · -3.5%
ROA
-3.3%▲
2024 · -3.5%
Interest coverage
-32.90▼
2024 · -31.75
Debt ≤ 1 year
€5k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €25k | €23k | €21k | €28k | €25k | ▼ 9.3% |
| Services and other goods61 | €13k | €12k | €10k | €13k | €14k | ▲ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €7k | €10k | €7k | ▼ 36.3% |
| Other operating charges640/8 | €4k | €4k | €4k | €5k | €4k | ▼ 7.7% |
| Operating profit (loss)9901 | €-25k | €-23k | €-21k | €-28k | €-25k | ▲ 9.3% |
| Financial income75/76B | - | €355k | - | €0 | - | - |
| Recurring financial income75 | - | €355k | - | €0 | - | - |
| Income from financial fixed assets750 | - | €355k | - | €0 | - | - |
| Financial charges65/66B | €271 | €344 | €568 | €543 | €560 | ▲ 3.0% |
| Recurring financial charges65 | €271 | €344 | €568 | €543 | €560 | ▲ 3.0% |
| Other financial charges652/9 | €271 | €344 | €568 | €543 | €560 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €-25k | €332k | €-22k | €-28k | €-26k | ▲ 9.1% |
| Profit (loss) for the period9904 | €-25k | €332k | €-22k | €-28k | €-26k | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €-25k | €332k | €-22k | €-28k | €-26k | ▲ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €553k | €859k | €835k | €806k | €781k | ▼ 3.1% |
| Fixed assets21/28 | €533k | €526k | €519k | €508k | €501k | ▼ 1.4% |
| Tangible fixed assets22/27 | €115k | €107k | €100k | €90k | €83k | ▼ 7.3% |
| Land and buildings22 | €112k | €104k | €97k | €90k | €83k | ▼ 7.3% |
| Furniture and vehicles24 | €3k | €3k | €3k | €0 | €0 | - |
| Financial fixed assets28 | €419k | €419k | €419k | €419k | €418k | ▼ 0.1% |
| Affiliated companies280/1 | €418k | €418k | €418k | €418k | €418k | = |
| Participating interests280 | €418k | €418k | €418k | €418k | €418k | = |
| Other financial fixed assets284/8 | €372 | €372 | €372 | €372 | - | - |
| Amounts receivable and cash guarantees285/8 | €372 | €372 | €372 | €372 | - | - |
| Current assets29/58 | €20k | €333k | €316k | €298k | €280k | ▼ 6.2% |
| Amounts receivable within one year40/41 | €240 | €318k | €298k | €278k | €268k | ▼ 3.6% |
| Trade receivables40 | €240 | - | - | - | - | - |
| Other amounts receivable41 | - | €318k | €298k | €278k | €268k | ▼ 3.6% |
| Cash at bank and in hand54/58 | €19k | €13k | €18k | €20k | €12k | ▼ 42.1% |
| Deferred charges and accrued income490/1 | - | €2k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €553k | €859k | €835k | €806k | €781k | ▼ 3.1% |
| Equity10/15 | €520k | €851k | €830k | €801k | €776k | ▼ 3.2% |
| Contributions10/11 | €382k | €382k | €382k | €382k | €382k | = |
| Capital10 | €382k | €382k | €382k | €382k | €382k | = |
| Issued capital100 | €382k | €382k | €382k | €382k | €382k | = |
| Reserves13 | €138k | €469k | €447k | €419k | €394k | ▼ 6.1% |
| Non-distributable reserves130/1 | €38k | €38k | €38k | €38k | €38k | = |
| Legal reserve130 | €38k | €38k | €38k | €38k | €38k | = |
| Distributable reserves133 | €99k | €431k | €409k | €381k | €355k | ▼ 6.7% |
| Amounts payable17/49 | €33k | €8k | €6k | €5k | €5k | ▲ 4.2% |
| Amounts payable within one year42/48 | €33k | €8k | €6k | €5k | €5k | ▲ 4.2% |
| Trade debts44 | €875 | €3k | €649 | €152 | €364 | ▲ 140% |
| Suppliers440/4 | €875 | €3k | €649 | €152 | €364 | ▲ 140% |
| Other amounts payable47/48 | €33k | €5k | €5k | €5k | €5k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-25k | €332k | €-22k | €-28k | €-26k | ▲ 9.1% |
| + Depreciation and write-downs630 | €7k | €7k | €7k | €10k | €7k | ▼ 36.3% |
| Operating cash flow (approximation) | €-18k | €339k | €-14k | €-18k | €-19k | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €372 | - |
| Change in cash | - | €-6k | €5k | €2k | €-8k | ▼ 591% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 34 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €332k
Net result €332k after 4 loss-making years.
31-12
Financial
Liquidity times 75current ratio 44.12
Current ratio from 0.59 to 44.12; short-term debt falls from €33k to €8k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Eeklo · 1 establishment unit since 1991
Ground area
3,358 m²
Building footprint
306 m²
Volume, LiDAR
1,661 m³
Parcel 43005A0751/00P002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Zeelaan 17, 9900 Eeklo
since 19912.053.435.164
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005A0751/00P002 | Flanders | 3,358 m² | 1 · 306 m² | 10.3 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded14-06-1991
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.