RISE FINANCIALS
InactiveRISE FINANCIALS was declared bankrupt on 09-04-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 21-01-2025, published in the Belgian State Gazette on 24-01-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-10-2023, 81 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
81 d late
2021
3 d early
2020
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1.35M▼ 79.1%
2021 · €-753k
2020: €-136k
2021: €-753k
2020 → 2022
Working capital
€453▼ 100.0%
2021 · €921k
2020: €97k
2021: €921k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€139k-€962k▲ 591%€-387k
Operating result€-135k-€-753k▼ 457%€-1.35M▼ 78.8%
Net result€-136k-€-753k▼ 455%€-1.35M▼ 79.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.35M in 2022 against €753k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €246k
Fixed assets
€31k▼ 26.3%
Current assets
€216k▼ 79.5%
Key figures and ratios
EBITDA
€-1.33M▼
2021 · €-735k
Cash flow
€-1.33M▼
2021 · €-735k
Solvency
-157.0%▼
2021 · 88.0%
Current ratio
1.00▼
2021 · 8.01
Quick ratio
1.00▼
2021 · 8.01
Debt / equity
-1.64▼
2021 · 0.14
ROA
-547.5%▼
2021 · -68.9%
Interest coverage
-479.00▼
2021 · -258.77
Debt
€633k▲
2021 · €131k
Debt ≤ 1 year
€215k▲
2021 · €131k
Debt > 1 year
€418k
Staff costs
€429k▲
2021 · €253k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€1.09M€246k▼
Fixed assets21/28€42k€31k▼
Intangible fixed assets21-€3k
Tangible fixed assets22/27€41k€26k▼
Plant, machinery and equipment23-€350
Furniture and vehicles24€41k€26k▼
Financial fixed assets28€750€750=
Current assets29/58€1.05M€216k▼
Amounts receivable within one year40/41€35k€143k▲
Trade receivables40-€124k
Other amounts receivable41€35k€19k▼
Cash at bank and in hand54/58€1.02M€64k▼
Deferred charges and accrued income490/1-€9k
Equity and liabilities
Total equity and liabilities10/49€1.09M€246k▼
Equity10/15€962k€-387k▼
Contributions10/11€1.85M€1.85M=
Profit (loss) carried forward14€-889k€-2.24M▼
Amounts payable17/49€131k€633k▲
Amounts payable after more than one year17-€418k
Other amounts payable178/9-€418k
Amounts payable within one year42/48€131k€215k▲
Trade debts44€83k€165k▲
Suppliers440/4€83k€165k▲
Advances received on contracts in progress46-€329
Taxes, remuneration and social security45€48k€50k▲
Taxes450/3€8k€17▼
Remuneration and social security454/9€40k€50k▲
Income statement
Code20212022
Remuneration, social security and pensions62€253k€429k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Other operating charges640/8-€438
Gross operating margin9900€-482k€-897k▼
Operating profit (loss)9901€-753k€-1.35M▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€3k▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€-753k€-1.35M▼
Profit (loss) for the period9904€-753k€-1.35M▼
Profit (loss) for the period to be appropriated9905€-753k€-1.35M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-889k€-2.24M▼
Profit (loss) brought forward from the previous period14P€-136k€-889k▼
Social balance
Average headcount (FTE)90875.07.2▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-01
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · RISE FINANCIALS BV KONINGSLAAN 107, 1190 VORST · event 21-01-2025
2024
15-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · RISE FINANCIALS BV KONINGSLAAN 107, 1190 VORST · event 09-04-2024
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 81 days late
2022
31-12
Financial
Weakest financial yearnet €-1.35M
Net result drops to €-1.35M, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €962k ▲591%
Equity rises from €139k to €962k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIEVE TEINTENIER SYLVAIN DUPUISLAAN 217,
1070 BRUSSEL 7 |
09-04-2024 → present |