RITCH DECOR

Active

Private limited companyfounded 20215 yrs activeFrans Kusterslaan 19, 3621 Lanaken, BelgiumKBO/BCE: BE 0769.321.351

The computed 12-month bankruptcy probability of RITCH DECOR is 2.3% (moderate). The 2024 annual accounts show equity of €142k and a net result of €35k. Equity is growing by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

81 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability94▲+1

Solvency100=

Growth78▲+26

Track record94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity ample (current ratio 5.31 against 11.14 in 2023; short-term debt: 17.6% and cash: 81.9% of total assets), and 18.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

33 d early

2022

31 d early

2021

37 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€142k▲ 32.4%

2023 · €108k

2021: €40k 2022: €84k 2023: €108k

2021 → 2024

Total assets

€176k▲ 47.7%

2023 · €119k

2021: €52k 2022: €109k 2023: €119k

2021 → 2024

Net result

€35k▲ 48.5%

2023 · €23k

2021: €25k 2022: €45k 2023: €23k

2021 → 2024

Working capital

€133k▲ 42.9%

2023 · €93k

2021: €28k 2022: €78k 2023: €93k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€40k-€84k▲ 113%€108k▲ 27.9%€142k▲ 32.4%

Operating result€31k-€61k▲ 92.7%€30k▼ 49.7%€44k▲ 45.0%

Net result€25k-€45k▲ 81.2%€23k▼ 47.4%€35k▲ 48.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 45% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €176k

93.2%

Fixed assets €12k▼ 29.1%

Current assets €164k▲ 60.2%

Equity and liabilities €176k

81.1%

18.9%

Equity €142k▲ 32.4%

Debt €33k▲ 193%

The debt ratio rises from 9.5% to 18.9%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€51k▲

2023 · €37k

Cash flow

€41k▲

2023 · €30k

Solvency

81.1%▼

2023 · 90.5%

Current ratio

5.31▼

2023 · 11.14

Quick ratio

4.93▼

2023 · 10.67

Debt / equity

0.23▲

2023 · 0.11

ROE

24.5%▲

2023 · 21.8%

ROA

19.8%▲

2023 · 19.7%

Interest coverage

155.63▲

2023 · 110.68

Debt

€33k▲

2023 · €11k

Debt ≤ 1 year

€31k▲

2023 · €9k

Income taxes

€10k▲

2023 · €7k

Staff costs

€49k▲

2023 · €42k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€119k€176k▲

Fixed assets21/28€17k€12k▼

Tangible fixed assets22/27€17k€12k▼

Plant, machinery and equipment23€5k€5k▲

Furniture and vehicles24€12k€7k▼

Current assets29/58€102k€164k▲

Stocks and contracts in progress3€4k€12k▲

Stocks30/36€4k€12k▲

Amounts receivable within one year40/41€2k€8k▲

Trade receivables40€1k€1k▲

Other amounts receivable41€1k€7k▲

Cash at bank and in hand54/58€95k€144k▲

Equity and liabilities

Total equity and liabilities10/49€119k€176k▲

Equity10/15€108k€142k▲

Contributions10/11€15k€15k=

Reserves13€93k€127k▲

Distributable reserves133€93k€127k▲

Amounts payable17/49€11k€33k▲

Amounts payable within one year42/48€9k€31k▲

Trade debts44€5k€8k▲

Suppliers440/4€5k€8k▲

Taxes, remuneration and social security45€3k€22k▲

Taxes450/3€2k€7k▲

Remuneration and social security454/9€1k€15k▲

Other amounts payable47/48€2k€1k▼

Accrued charges and deferred income492/3€2k€2k▲

Income statement Code20232024

Remuneration, social security and pensions62€42k€49k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲

Other operating charges640/8€971€1k▲

Gross operating margin9900€80k€101k▲

Operating profit (loss)9901€30k€44k▲

Financial income75/76B€464€543▲

Recurring financial income75€464€543▲

Financial charges65/66B€333€325▼

Recurring financial charges65€333€325▼

Profit (loss) for the period before taxes9903€31k€44k▲

Income taxes67/77€7k€10k▲

Profit (loss) for the period9904€23k€35k▲

Profit (loss) for the period to be appropriated9905€23k€35k▲

Appropriation of the result

Profit (loss) to be appropriated9906€23k€35k▲

Transfer to equity691/2€23k€35k▲

To other reserves6921€23k€35k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 4Filings 4

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €23k ▼47.4%

Net result drops to €23k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity doublescurrent ratio 11.14

Current ratio from 4.70 to 11.14; short-term debt falls from €21k to €9k.

31-12

Financial Equity above €100kEq €108k ▲27.9%

3 profitable years in a row build equity to €108k.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €45k ▲81.2%

Operating result €61k, net result €45k, both a record.

24-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Lanaken · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Frans Kusterslaan 193621 Lanaken

Ground area

518 m²

Building footprint

195 m²

Volume, LiDAR

894 m³

Parcel 73064A0422/00W002, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

RITCH DECOR

Frans Kusterslaan 19, 3621 LanakenFloor and wall tiling

since 20212.320.430.535

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73064A0422/00W002	Flanders	518 m²	1 · 195 m²	9.4 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Dual-learning approval

1 live approval · 1 ended

Medewerker schilder- en behangwerken duaal (so)

Goedgekeurd · 2021 to 2026

Similar companies · same sector, comparable size

RAMAEKERS INTERIEUR

BE 0884.981.478

Tongeren-Borgloon · Eq €143k

Beveren-Kruibeke-Zwijndrecht · Eq €142k

Of 7,864 companies in sector 43341 we hold annual accounts for 2,662. 2,174 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-06-2021

Fiscal year end31-12

Activities, NACEBEL

43341Painting of buildings

43331Floor and wall tiling

43333Wallpapering and laying of floor and wall coverings in other materials

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.