RISETRONICS
ActiveSummary
RISETRONICS has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,691 and a net result of -€19,063. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 56% of 256 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-04-2006 Normal situation
- Activity
- Manufacture of electrical equipment NACE 27900
- Establishment unit
- 2.153.137.011 1190 Vorst, since 26-04-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 16-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €4,303
- ▼ 92.3%
- Turnover
- ≈ €33,000
- estimated
- Loss
- €19,063
- ▲ 103%
- Equity
- €73,691
- ▼ 20.6%
- Total assets
- €132,835
- ▼ 30.4%
- Staff
- ≈ 0.3 FTE
- estimated
Score breakdownraises riskLoss of €19,063, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 1.22, cash €47,689Founded in 2006Size: total assets €132,835Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 27, micro). It does better than 61% of them on solvency, 77% on liquidity, 14% on profitability and 19% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 13-05-2026 PDF all 20 filings
Every figure per financial year
The operating result for 2025 is a loss of €18,643, larger than the loss of €9,083 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €25,549 | €35,481 | - | €3,509 | - |
| Intangible fixed assets | - | - | - | €800 | - |
| Depreciation and write-downs of the year | €10,206 | €9,731 | €11,117 | €11,343 | €11,954 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,490 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €54,320 | €46,502 | €49,702 | €51,890 | €5,937 | ▼ 88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,210 | €18,778 | €15,145 | €10,206 | €9,731 | €11,117 | €11,343 | €11,954 | ▲ 5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €3,347 | - |
| Other operating charges640/8 | - | - | - | €1,047 | €1,045 | €1,313 | €1,677 | €1,397 | ▼ 16.7% |
| Non-recurring operating charges66A | - | - | - | €1,294 | - | - | - | €312 | - |
| Gross operating margin9900 | €90,469 | €53,908 | €87,934 | €85,094 | €70,625 | €123,063 | €55,827 | €4,303 | ▼ 92.3% |
| Operating profit (loss)9901 | €9,414 | -€28,845 | €11,478 | €18,228 | €13,347 | €60,931 | -€9,083 | -€18,643 | ▼ 105% |
| Financial income75/76B | - | - | - | €23 | - | €1 | €5 | €28 | ▲ 457% |
| Recurring financial income75 | €1 | €11 | €22 | €23 | - | €1 | €5 | €28 | ▲ 457% |
| Financial charges65/66B | - | - | - | €380 | €172 | €177 | €170 | €307 | ▲ 80.5% |
| Recurring financial charges65 | €2,437 | €1,414 | €664 | €380 | €172 | €177 | €170 | €307 | ▲ 80.5% |
| Profit (loss) for the period before taxes9903 | €6,977 | -€30,248 | €10,835 | €17,871 | €13,175 | €60,756 | -€9,248 | -€18,922 | ▼ 105% |
| Income taxes67/77 | €2,856 | €233 | €232 | €4,166 | €2,757 | €20,280 | €128 | €141 | ▲ 10.1% |
| Profit (loss) for the period9904 | €4,121 | -€30,481 | €10,603 | €13,705 | €10,418 | €40,476 | -€9,376 | -€19,063 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €4,121 | -€30,481 | €10,603 | €13,705 | €10,418 | €40,476 | -€9,376 | -€19,063 | ▼ 103% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €175,330 | €128,583 | €123,697 | €144,263 | €178,353 | €237,589 | €190,935 | €132,835 | ▼ 30.4% |
| Fixed assets21/28 | €83,395 | €64,617 | €49,472 | €64,815 | €90,564 | €79,447 | €72,413 | €60,459 | ▼ 16.5% |
| Intangible fixed assets21 | - | - | - | - | - | - | €779 | €619 | ▼ 20.6% |
| Tangible fixed assets22/27 | €83,395 | €64,617 | €49,472 | €64,815 | €90,564 | €79,447 | €71,635 | €59,841 | ▼ 16.5% |
| Land and buildings22 | - | - | - | €38,962 | €34,837 | €30,713 | €26,588 | €22,463 | ▼ 15.5% |
| Plant, machinery and equipment23 | - | - | - | €23,926 | €53,145 | €46,878 | €40,611 | €34,345 | ▼ 15.4% |
| Furniture and vehicles24 | - | - | - | €1,927 | €2,582 | €1,857 | €4,435 | €3,033 | ▼ 31.6% |
| Current assets29/58 | €91,935 | €63,966 | €74,225 | €79,448 | €87,789 | €158,142 | €118,522 | €72,376 | ▼ 38.9% |
| Amounts receivable within one year40/41 | €59,585 | €20,886 | €19,925 | €43,617 | €49,677 | €100,620 | €37,958 | €23,513 | ▼ 38.1% |
| Trade receivables40 | - | - | - | €43,617 | €49,098 | €100,377 | €32,996 | €22,810 | ▼ 30.9% |
| Other amounts receivable41 | - | - | - | - | €579 | €243 | €4,962 | €703 | ▼ 85.8% |
| Cash at bank and in hand54/58 | €19,764 | €34,283 | €53,214 | €35,324 | €35,509 | €56,368 | €78,553 | €47,689 | ▼ 39.3% |
| Deferred charges and accrued income490/1 | - | - | - | €507 | €2,603 | €1,153 | €2,011 | €1,173 | ▼ 41.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €175,330 | €128,583 | €123,697 | €144,263 | €178,353 | €237,589 | €190,935 | €132,835 | ▼ 30.4% |
| Equity10/15 | €64,409 | €33,927 | €44,530 | €58,236 | €68,654 | €102,129 | €92,754 | €73,691 | ▼ 20.6% |
| Contributions10/11 | €40,000 | €40,000 | - | €40,000 | €40,000 | €44,000 | €44,000 | €44,000 | = |
| Contributions outside capital11 | - | - | - | €40,000 | €40,000 | €44,000 | €44,000 | €44,000 | = |
| Other1109/19 | - | - | - | €40,000 | €40,000 | €44,000 | €44,000 | €44,000 | = |
| Reserves13 | €4,000 | €4,000 | €4,000 | €4,000 | €28,000 | €58,000 | €48,754 | €33,000 | ▼ 32.3% |
| Non-distributable reserves130/1 | - | - | - | €4,000 | €12,000 | €33,000 | €33,000 | €33,000 | = |
| Reserves not available under the articles1311 | - | - | - | €4,000 | €12,000 | €33,000 | €33,000 | €33,000 | = |
| Distributable reserves133 | - | - | - | - | €16,000 | €25,000 | €15,754 | - | - |
| Profit (loss) carried forward14 | €20,409 | -€10,073 | €530 | €14,236 | €654 | €129 | - | -€3,309 | - |
| Amounts payable17/49 | €110,922 | €94,656 | €79,167 | €86,027 | €109,699 | €135,460 | €98,181 | €59,144 | ▼ 39.8% |
| Amounts payable after more than one year17 | €10,786 | €4,429 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €100,136 | €90,227 | €79,167 | €86,027 | €109,699 | €135,460 | €98,181 | €59,144 | ▼ 39.8% |
| Trade debts44 | €6,193 | €16,537 | €10,636 | €5,795 | €10,829 | €10,182 | €6,317 | €2,023 | ▼ 68.0% |
| Suppliers440/4 | - | - | - | €5,795 | €10,829 | €10,182 | €6,317 | €2,023 | ▼ 68.0% |
| Taxes, remuneration and social security45 | - | - | - | €20,917 | €13,704 | €45,529 | €37,897 | €11,048 | ▼ 70.8% |
| Taxes450/3 | - | - | - | €15,223 | €4,166 | €35,278 | €27,247 | €11,048 | ▼ 59.5% |
| Remuneration and social security454/9 | - | - | - | €5,694 | €9,538 | €10,251 | €10,651 | - | - |
| Other amounts payable47/48 | - | - | - | €59,316 | €85,167 | €79,748 | €53,967 | €46,073 | ▼ 14.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,121 | -€30,481 | €10,603 | €13,705 | €10,418 | €40,476 | -€9,376 | -€19,063 | ▼ 103% |
| + Depreciation and write-downs630 | €20,210 | €18,778 | €15,145 | €10,206 | €9,731 | €11,117 | €11,343 | €11,954 | ▲ 5.4% |
| Operating cash flow (approximation) | €24,331 | -€11,703 | €25,748 | €23,911 | €20,149 | €51,593 | €1,968 | -€7,109 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€25,549 | -€35,481 | €0 | -€4,309 | €0 | - |
| Change in cash | - | €14,519 | €18,931 | -€17,890 | €185 | €20,860 | €22,184 | -€30,863 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as RISETRONICS has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RISETRONICS itself is lower: 0.3% within 12 months. It rests on far more data about RISETRONICS than the profile alone.
Test of the method
The method was tested on the 497,446 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 5,831 companies, not a prediction for RISETRONICS. 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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-05-2026 | 2026-00110356 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00203837 | |
| 31-12-2023 | micro format | 23-06-2024 | 2024-00151673 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00174194 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20213110 | |
| 31-12-2020 | micro format | 07-08-2021 | 2021-46900255 | |
| 31-12-2019 | micro format | 19-08-2020 | 2020-42300185 | |
| 31-12-2018 | micro format | 02-08-2019 | 2019-41800304 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-49700376 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-47000153 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 13-02-2024 Converted to unavailable equity · €44,000
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jean-Michel VAN TRAPPEN |
|
| Marie-France LEMLIN |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Rémunération des administrateurs, l'assemblée générale décide si le mandat d'administrateur est ou non exercé gratuitement”
Articles of association, deed of 13-02-2024 (in French)
Network & group
RISETRONICS shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of RISETRONICS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-02
Gazette deed
Company renamed from RISETRONICS SPRL to RISETRONICSResignation: Jean-Michel VAN TRAPPEN (manager) · Reappointment: Jean-Michel VAN TRAPPEN (director) · Appointment: Marie-France LEMLIN (director)14 points ▸
- General meeting, 09-01-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, rendre ces fonds disponibles pour distribution” (deed in French)
- Name change, RISETRONICS
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible” (deed in French)
- Director resignation, Jean-Michel VAN TRAPPEN (manager)
- Director reappointment, Jean-Michel VAN TRAPPEN (director (not named in the articles))
- Director discharge, Jean-Michel VAN TRAPPEN
- Director appointment, Marie-France LEMLIN (director (not named in the articles))
- Registered office clause, “1190 Forest, Boulevard de la deuxième Armée Britannique”, 39, “boîte 3” (deed in French)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- Conception, développement, fabrication, représentation, réparation, câblage, recyclage, transport, location et vente de systèmes, composants et produits finis électroniques, électriques ou électromécaniques : en gros ou au détail ; pour clients industriels ou particuliers ; pour l’import et/ou export
- Services d’assemblage de composants sur cartes électroniques en sous-traitance
- Services de consultance en matière de développement, production de circuits électroniques et formations en techniques d’assemblage de circuits électroniques
- La préparation de toutes études, l’organisation, la fourniture d’avis et la prestation de services dans les domaines technique, juridique, commercial, économique, financier
- L’exercice de mandats dans toutes sociétés, entreprises, associations
- La gestion pour son compte propre de tous ses biens et droits immobiliers, et notamment leur location, leasing, promotion, aménagement, exploitation, transformation, valorisation
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
This address was not found in the Belgian address register (BOSA BEST).
Brits Tweede Legerlaan 391190 Vorst