Rish-Diam
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 06-03-2026 PDF all 27 filings
Turnover
€6.5m
EBIT margin
6.7%
Net result
€11,443▼ 92.1%
2024 · €144,352
Working capital
€2.4m▼ 20.7%
2024 · €3.0m
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
-€26,444
2025
20192025
Net result
€11,443
▼ 92.1%
2025
middle half of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€2.4m
▼ 20.7%
2025
highest quarter of the sector
20192025
Total assets
€3.1m
▲ 2.5%
2025
highest quarter of the sector
20192025
Debt
€716,003
▲ 33×
2025
20192025
Working capital
€2.4m
▼ 20.7%
2025
highest quarter of the sector
20192025
Solvency
76.8%
▼ 22.5pp
2025
highest quarter of the sector
20192025
Current ratio
4.31
2025
highest quarter of the sector
20192025
Return on assets (ROA)
0.4%
▼ 4.4pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€6.5m-
Operating result€0.4m-€0.4m▼ 18.5%€0.8m▲ 124%€0.5m▼ 32.5%€0.4m▼ 34.4%€0.1m▼ 62.3%-€0.03m
Net result€0.4m-€0.3mabove the sector's middle half▼ 15.0%€0.7mabove the sector's middle half▲ 121%€0.5mabove the sector's middle half▼ 32.5%€0.3mabove the sector's middle half▼ 33.2%€0.1mwithin the sector's middle half▼ 54.4%€0.01mwithin the sector's middle half▼ 92.1%
EBIT margin6.7%-
Equity€1.1m-€1.4mabove the sector's middle half▲ 29.2%€2.1mabove the sector's middle half▲ 47.9%€2.5mabove the sector's middle half▲ 21.7%€2.8mabove the sector's middle half▲ 12.5%€3.0mabove the sector's middle half▲ 5.1%€2.4mabove the sector's middle half▼ 20.7%
Total assets€1.8m-€1.9mwithin the sector's middle half▲ 7.0%€2.2mwithin the sector's middle half▲ 17.3%€2.9mabove the sector's middle half▲ 29.3%€2.9mabove the sector's middle half▲ 0.8%€3.0mabove the sector's middle half▲ 3.7%€3.1mabove the sector's middle half▲ 2.5%
Debt€0.7m-€0.5m▼ 28.1%€0.2m▼ 69.6%€0.4m▲ 135%€0.06m▼ 83.1%€0.02m▼ 63.2%€0.7m▲ 33×
Working capital€1.1m-€1.4mabove the sector's middle half▲ 29.3%€2.1mabove the sector's middle half▲ 48.0%€2.5mabove the sector's middle half▲ 21.7%€2.8mabove the sector's middle half▲ 12.5%€3.0mabove the sector's middle half▲ 5.0%€2.4mabove the sector's middle half▼ 20.7%
Solvency61.3%-74.0%above the sector's middle half▲ 12.7pp93.3%above the sector's middle half▲ 19.3pp87.8%above the sector's middle half▼ 5.5pp98.0%above the sector's middle half▲ 10.2pp99.3%above the sector's middle half▲ 1.3pp76.8%above the sector's middle half▼ 22.5pp
Current ratio2.58-3.84above the sector's middle half▲ 1.2614.82above the sector's middle half▲ 10.988.16above the sector's middle half▼ 6.6548.81above the sector's middle half▲ 40.654.31above the sector's middle half
Return on assets (ROA)21.1%-16.7%above the sector's middle half▼ 4.3pp31.6%above the sector's middle half▲ 14.8pp16.5%above the sector's middle half▼ 15.1pp10.9%within the sector's middle half▼ 5.6pp4.8%within the sector's middle half▼ 6.1pp0.4%within the sector's middle half▼ 4.4pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €26,444, after a profit of €131,800 in 2024. It is the lowest result since 2019.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€1,751 ▼ 5.7%
Current assets
€3.1m ▲ 2.5%
Equity and liabilities €3.1m
Equity
€2.4m ▼ 20.7%
Debt
€716,003 ▲ 33×
Debt's share of the balance-sheet total rises from 0.7% to 23.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€25,026▼
2024 · €132,383
Cash flow
€12,861▼
2024 · €144,936
Quick ratio
2.73▼
2024 · 89.25
Debt to equity
0.30▲
2024 · 0.01
ROE
0.5%▼
2024 · 4.8%
Interest coverage
-15.35▼
2024 · 13.98
Debt ≤ 1 year
€716,003▲
2024 · €21,877
Income taxes
€5,841▼
2024 · €19,374
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,440 | €1,313 |
| Depreciation and write-downs of the year | - | - | €583 | €1,418 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €6.5m | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.001m | €220 | - | - | €0.001m | €0.001m | ▲ 143% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.03m | - | -€0.03m | - |
| Other operating charges640/8 | - | - | - | €0.003m | €0.004m | €0.004m | €0.03m | ▲ 770% |
| Gross operating margin9900 | €0.4m | €0.4m | €0.8m | €0.5m | €0.4m | €0.1m | -€0.02m | - |
| Operating profit (loss)9901 | €0.4m | €0.4m | €0.8m | €0.5m | €0.4m | €0.1m | -€0.03m | - |
| Financial income75/76B | - | - | - | €9 | €0.01m | €0.04m | €0.05m | ▲ 9.6% |
| Recurring financial income75 | €1 | €0 | €1 | €9 | €0.01m | €0.04m | €0.05m | ▲ 9.6% |
| Financial charges65/66B | - | - | - | €0.005m | €0.006m | €0.009m | €0.002m | ▼ 82.8% |
| Recurring financial charges65 | €0.006m | €0.005m | €0.008m | €0.005m | €0.006m | €0.009m | €0.002m | ▼ 82.8% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | €0.8m | €0.5m | €0.4m | €0.2m | €0.02m | ▼ 89.4% |
| Income taxes67/77 | €0.05m | €0.03m | €0.08m | €0.05m | €0.04m | €0.02m | €0.006m | ▼ 69.9% |
| Profit (loss) for the period9904 | €0.4m | €0.3m | €0.7m | €0.5m | €0.3m | €0.1m | €0.01m | ▼ 92.1% |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.3m | €0.7m | €0.5m | €0.3m | €0.1m | €0.01m | ▼ 92.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.8m | €1.9m | €2.2m | €2.9m | €2.9m | €3.0m | €3.1m | ▲ 2.5% |
| Fixed assets21/28 | €0.002m | €0.001m | €0.001m | - | - | €0.002m | €0.002m | ▼ 5.7% |
| Tangible fixed assets22/27 | €0.001m | €220 | - | - | - | €0.002m | €0.002m | ▼ 5.7% |
| Furniture and vehicles24 | - | - | - | - | - | €0.002m | €0.002m | ▼ 5.7% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | - | - | - | - | - |
| Current assets29/58 | €1.8m | €1.9m | €2.2m | €2.9m | €2.9m | €3.0m | €3.1m | ▲ 2.5% |
| Stocks and contracts in progress3 | €0.7m | €1.4m | €1.2m | €1.4m | €1.2m | €1.1m | €1.1m | ▲ 6.9% |
| Stocks30/36 | - | - | - | €1.4m | €1.2m | €1.1m | €1.1m | ▲ 6.9% |
| Amounts receivable within one year40/41 | €0.7m | €0.3m | €0.6m | €0.3m | €0.4m | €0.4m | €0.1m | ▼ 62.1% |
| Trade receivables40 | - | - | - | €0.3m | - | €310 | €0.1m | ▲ 435× |
| Other amounts receivable41 | - | - | - | €0.001m | €0.4m | €0.4m | €0.003m | ▼ 99.3% |
| Current investments50/53 | - | - | - | - | €1.0m | €1.3m | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €0.5m | €1.2m | €0.3m | €0.2m | €1.8m | ▲ 654% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.006m | €0.009m | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €2.2m | €2.9m | €2.9m | €3.0m | €3.1m | ▲ 2.5% |
| Equity10/15 | €1.1m | €1.4m | €2.1m | €2.5m | €2.8m | €3.0m | €2.4m | ▼ 20.7% |
| Contributions10/11 | €0.1m | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.9m | €1.2m | €1.9m | €2.3m | €2.7m | €2.8m | €2.2m | ▼ 21.7% |
| Distributable reserves133 | - | - | - | €2.3m | €2.7m | €2.8m | €2.2m | ▼ 21.7% |
| Profit (loss) carried forward14 | €0.03m | €0.03m | €0.04m | €0.04m | €0.04m | - | - | - |
| Amounts payable17/49 | €0.7m | €0.5m | €0.2m | €0.4m | €0.06m | €0.02m | €0.7m | ▲ 33× |
| Amounts payable within one year42/48 | €0.7m | €0.5m | €0.2m | €0.4m | €0.06m | €0.02m | €0.7m | ▲ 33× |
| Trade debts44 | €0.6m | €0.5m | €0.07m | €0.3m | - | €236 | €74 | ▼ 68.6% |
| Suppliers440/4 | - | - | - | €0.3m | - | €236 | €74 | ▼ 68.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.04m | €0.02m | €0.006m | ▼ 65.0% |
| Taxes450/3 | - | - | - | €0.05m | €0.04m | €0.02m | €0.006m | ▼ 65.0% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.02m | €0.004m | €0.7m | ▲ 189× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.4m | €0.3m | €0.7m | €0.5m | €0.3m | €0.1m | €0.01m | ▼ 92.1% |
| + Depreciation and write-downs630 | €0.001m | €0.001m | €220 | - | - | €0.001m | €0.001m | ▲ 143% |
| Operating cash flow (approximation) | €0.4m | €0.3m | €0.7m | €0.5m | €0.3m | €0.1m | €0.01m | ▼ 91.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | -€0.001m | - |
| Change in cash | - | -€0.1m | €0.3m | €0.7m | -€0.9m | -€0.04m | €1.6m | - |
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, 14,766 companies had the same profile as Rish-Diam has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Rish-Diam itself: < 0.1% within 12 months.
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 14,766 companies, not a prediction for Rish-Diam. 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 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 06-03-2026 | 2026-00051114 | |
| 30-09-2024 | abbreviated format | 27-02-2025 | 2025-00041658 | |
| 30-09-2023 | abbreviated format | 01-03-2024 | 2024-00039150 | |
| 30-09-2022 | abbreviated format | 14-03-2023 | 2023-00040550 | |
| 30-09-2021 | abbreviated format | 21-03-2022 | 2022-08000541 | |
| 30-09-2020 | abbreviated format | 08-04-2021 | 2021-09900581 | |
| 30-09-2019 | abbreviated format | 26-03-2020 | 2020-07500572 | |
| 30-09-2018 | abbreviated format | 08-03-2019 | 2019-06700330 | |
| 30-09-2017 | abbreviated format | 27-02-2018 | 2018-06000491 | |
| 30-09-2016 | abbreviated format | 28-02-2017 | 2017-05800249 |