Rioolprobleem
ActiveSummary
The computed 12-month bankruptcy probability of Rioolprobleem is 1.6% (moderate). The 2024 annual accounts show equity of €94k and a net result of €16k. Equity is growing by ~55.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 18936 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability66▲+1
Solvency39▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.63 in 2023; short-term debt: 25.6% and cash: 0.8% of total assets), and 86.3% 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.7%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
61 d late
2021
31 d late
2020
92 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€94k▲ 19.9%
2023 · €79k
Total assets
€687k▲ 15.5%
2023 · €595k
Net result
€16k▲ 137%
2023 · €7k
Working capital
€-81k▼ 197%
2023 · €-27k
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
Line20202021202220232024
Operating result€70k€14k▼ 80.5%€34k▲ 151%€43k▲ 24.4%€61k▲ 41.6%
Net result€56k€12k▼ 78.7%€24k▲ 104%€7k▼ 72.8%€16k▲ 137%
Equity€23k€35k▲ 50.7%€72k▲ 104%€79k▲ 9.1%€94k▲ 19.9%
Total assets€62k▲ 69.8%€98k▲ 58.8%€279k▲ 185%€595k▲ 113%€687k▲ 15.5%
Debt€38k▼ 44.3%€62k▲ 63.7%€207k▲ 231%€516k▲ 150%€593k▲ 14.9%
Working capital€-2k▲ 92.9%€13k€-39k€-27k▲ 29.0%€-81k▼ 197%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 42% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €687k
Fixed assets
€592k ▲ 8.0%
Current assets
€95k ▲ 106%
Equity and liabilities €687k
Equity
€94k ▲ 19.9%
Debt
€593k ▲ 14.9%
Debt's share of the balance-sheet total falls from 86.8% to 86.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€115k▲
2023 · €79k
Cash flow
€70k▲
2023 · €43k
Current ratio
0.54▼
2023 · 0.63
Debt to equity
6.29▼
2023 · 6.57
ROE
16.6%▲
2023 · 8.4%
ROA
2.3%▲
2023 · 1.1%
Interest coverage
5.37▼
2023 · 5.43
Debt ≤ 1 year
€176k▲
2023 · €73k
Debt > 1 year
€417k▼
2023 · €443k
Income taxes
€24k▲
2023 · €22k
Staff costs
€13k▼
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €17k | €13k | ▼ 21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €10k | €19k | €37k | €54k | ▲ 48.5% |
| Other operating charges640/8 | - | €523 | €2k | €3k | €7k | ▲ 104% |
| Gross operating margin9900 | €80k | €24k | €55k | €99k | €135k | ▲ 35.5% |
| Operating profit (loss)9901 | €70k | €14k | €34k | €43k | €61k | ▲ 41.6% |
| Financial income75/76B | - | €2k | €1 | - | €290 | - |
| Recurring financial income75 | €3 | €2k | €1 | - | €290 | - |
| Financial charges65/66B | - | €1 | €769 | €15k | €21k | ▲ 46.4% |
| Recurring financial charges65 | €35 | €1 | €769 | €15k | €21k | ▲ 46.4% |
| Profit (loss) for the period before taxes9903 | €70k | €16k | €34k | €28k | €40k | ▲ 40.2% |
| Income taxes67/77 | €14k | €4k | €9k | €22k | €24k | ▲ 10.6% |
| Profit (loss) for the period9904 | €56k | €12k | €24k | €7k | €16k | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €56k | €12k | €24k | €7k | €16k | ▲ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €98k | €279k | €595k | €687k | ▲ 15.5% |
| Fixed assets21/28 | €30k | €22k | €223k | €549k | €592k | ▲ 8.0% |
| Tangible fixed assets22/27 | €30k | €22k | €223k | €548k | €592k | ▲ 8.0% |
| Land and buildings22 | - | - | €208k | €362k | €374k | ▲ 3.2% |
| Plant, machinery and equipment23 | - | €10k | €7k | €4k | €21k | ▲ 386% |
| Furniture and vehicles24 | - | €11k | €7k | €6k | €26k | ▲ 370% |
| Other tangible fixed assets26 | - | - | - | €176k | €170k | ▼ 3.1% |
| Financial fixed assets28 | €700 | €700 | €700 | €700 | €700 | = |
| Current assets29/58 | €31k | €75k | €55k | €46k | €95k | ▲ 106% |
| Amounts receivable within one year40/41 | €18k | €60k | €18k | €31k | €87k | ▲ 184% |
| Trade receivables40 | - | €1k | €7k | €31k | €78k | ▲ 154% |
| Other amounts receivable41 | - | €58k | €12k | - | €9k | - |
| Cash at bank and in hand54/58 | €13k | €16k | €26k | €15k | €6k | ▼ 63.7% |
| Deferred charges and accrued income490/1 | - | - | €11k | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €98k | €279k | €595k | €687k | ▲ 15.5% |
| Equity10/15 | €23k | €35k | €72k | €79k | €94k | ▲ 19.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €5k | €17k | €53k | €60k | €76k | ▲ 26.0% |
| Amounts payable17/49 | €38k | €62k | €207k | €516k | €593k | ▲ 14.9% |
| Amounts payable after more than one year17 | - | - | €113k | €443k | €417k | ▼ 5.8% |
| Financial debts170/4 | - | - | €113k | €443k | €417k | ▼ 5.8% |
| Amounts payable within one year42/48 | €33k | €62k | €94k | €73k | €176k | ▲ 140% |
| Current portion of amounts payable after more than one year42 | - | - | €11k | €28k | €30k | ▲ 4.5% |
| Financial debts43 | - | - | - | - | €15k | - |
| Credit institutions430/8 | - | - | - | - | €15k | - |
| Trade debts44 | €17k | €44k | €7k | €6k | €68k | ▲ 988% |
| Suppliers440/4 | - | €44k | €7k | €6k | €68k | ▲ 988% |
| Taxes, remuneration and social security45 | - | €18k | €34k | €19k | €30k | ▲ 55.3% |
| Taxes450/3 | - | €18k | €34k | €18k | €29k | ▲ 57.3% |
| Remuneration and social security454/9 | - | - | - | €685 | €685 | = |
| Other amounts payable47/48 | - | - | €43k | €20k | €34k | ▲ 74.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €12k | €24k | €7k | €16k | ▲ 137% |
| + Depreciation and write-downs630 | €9k | €10k | €19k | €37k | €54k | ▲ 48.5% |
| Operating cash flow (approximation) | €65k | €22k | €43k | €43k | €70k | ▲ 62.0% |
| Investment in fixed assets (approximation) | - | €-2k | €-220k | €-362k | €-98k | ▲ 72.9% |
| Change in cash | - | €2k | €11k | €-11k | €-10k | ▲ 9.7% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Brecht · 1 establishment unit since 2011
Ground area
1,392 m²
Building footprint
290 m²
Volume, LiDAR
907 m³
Parcel 11333N0264/00R000, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kapelstraat 2A, 2960 Brecht
since 20112.203.546.426
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333N0264/00R000 | Flanders | 1,391 m² | 1 · 290 m² | 5.2 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.
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 7,891 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
Founded25-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
25530Machining of metals
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.