RITEC
ActiveSummary
RITEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.44M and a net result of €268k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-3
Solvency94▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 3.06 against 2.7 in 2024; short-term debt: 30.7% and cash: 40.6% of total assets), and 31.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.9%
Return on assets
12.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
34 d early
2023
30 d early
2022
30 d early
2021
32 d early
2020
45 d early
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.44M▲ 9.6%
2024 · €1.31M
2018: €607klowest in 8 years
2019: €810k▲ +33.4% vs 2018
2020: €952k▲ +17.6% vs 2019
2021: €867k▼ -9.0% vs 2020
2022: €905k▲ +4.4% vs 2021
2023: €1.21M▲ +33.8% vs 2022
2024: €1.31M▲ +8.3% vs 2023
2025: €1.44M▲ +9.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.09M▲ 3.9%
2024 · €2.01M
2018: €1.12Mlowest in 8 years
2019: €1.28M▲ +14.5% vs 2018
2020: €1.32M▲ +2.7% vs 2019
2021: €1.69M▲ +28.6% vs 2020
2022: €1.74M▲ +2.8% vs 2021
2023: €1.94M▲ +11.6% vs 2022
2024: €2.01M▲ +3.5% vs 2023
2025: €2.09M▲ +3.9% vs 2024highest in 8 years
2018 → 2025
Net result
€268k▼ 11.6%
2024 · €303k
2018: €128k
2019: €203k▲ +58.9% vs 2018
2020: €143k▼ -29.7% vs 2019
2021: €112k▼ -21.3% vs 2020lowest in 8 years
2022: €205k▲ +82.7% vs 2021
2023: €433k▲ +111% vs 2022highest in 8 years
2024: €303k▼ -30.0% vs 2023
2025: €268k▼ -11.6% vs 2024
2018 → 2025
Working capital
€1.32M▲ 13.2%
2024 · €1.17M
2018: €550klowest in 8 years
2019: €767k▲ +39.7% vs 2018
2020: €854k▲ +11.3% vs 2019
2021: €797k▼ -6.7% vs 2020
2022: €854k▲ +7.2% vs 2021
2023: €1.17M▲ +37.2% vs 2022
2024: €1.17M▼ -0.4% vs 2023
2025: €1.32M▲ +13.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€867k-€905k▲ 4.4%€1.21M▲ 33.8%€1.31M▲ 8.3%€1.44M▲ 9.6%
2021: €867klowest in 5 years
2022: €905k▲ +4.4% vs 2021
2023: €1.21M▲ +33.8% vs 2022
2024: €1.31M▲ +8.3% vs 2023
2025: €1.44M▲ +9.6% vs 2024highest in 5 years
Operating result€152k-€296k▲ 94.2%€590k▲ 99.6%€399k▼ 32.4%€354k▼ 11.3%
2021: €152klowest in 5 years
2022: €296k▲ +94.2% vs 2021
2023: €590k▲ +99.6% vs 2022highest in 5 years
2024: €399k▼ -32.4% vs 2023
2025: €354k▼ -11.3% vs 2024
Net result€112k-€205k▲ 82.7%€433k▲ 111%€303k▼ 30.0%€268k▼ 11.6%
2021: €112klowest in 5 years
2022: €205k▲ +82.7% vs 2021
2023: €433k▲ +111% vs 2022highest in 5 years
2024: €303k▼ -30.0% vs 2023
2025: €268k▼ -11.6% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.09M
Fixed assets
€124k ▼ 20.4%
Current assets
€1.96M ▲ 5.9%
Equity and liabilities €2.09M
Equity
€1.44M ▲ 9.6%
Debt
€650k ▼ 6.9%
Debt's share of the balance-sheet total falls from 34.7% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€390k▼
2024 · €426k
Cash flow
€304k▼
2024 · €330k
Current ratio
3.06▲
2024 · 2.70
Quick ratio
3.00▲
2024 · 2.66
Debt to equity
0.45▼
2024 · 0.53
ROE
18.7%▼
2024 · 23.1%
ROA
12.8%▼
2024 · 15.1%
Interest coverage
20.73▲
2024 · 19.91
Debt ≤ 1 year
€641k▼
2024 · €686k
Income taxes
€90k▼
2024 · €101k
Staff costs
€446k▲
2024 · €367k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.01M€2.09M▲
Fixed assets21/28€156k€124k▼
Intangible fixed assets21€134k€105k▼
Tangible fixed assets22/27€17k€15k▼
Land and buildings22€2k€781▼
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€14k€11k▼
Other tangible fixed assets26€0-
Financial fixed assets28€4k€4k▲
Current assets29/58€1.85M€1.96M▲
Stocks and contracts in progress3€28k€40k▲
Stocks30/36€28k€40k▲
Amounts receivable within one year40/41€518k€536k▲
Trade receivables40€513k€497k▼
Other amounts receivable41€4k€39k▲
Current investments50/53€650k€500k▼
Cash at bank and in hand54/58€624k€847k▲
Deferred charges and accrued income490/1€33k€40k▲
Equity and liabilities
Total equity and liabilities10/49€2.01M€2.09M▲
Equity10/15€1.31M€1.44M▲
Contributions10/11€19k€19k=
Reserves13€1.29M€1.42M▲
Distributable reserves133€1.29M€1.42M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€697k€650k▼
Amounts payable within one year42/48€686k€641k▼
Trade debts44€304k€390k▲
Suppliers440/4€304k€390k▲
Taxes, remuneration and social security45€99k€104k▲
Taxes450/3€52k€44k▼
Remuneration and social security454/9€47k€60k▲
Other amounts payable47/48€283k€146k▼
Accrued charges and deferred income492/3€12k€9k▼
Income statement
Code20242025
Non-recurring operating income76A€2k€4k▲
Remuneration, social security and pensions62€367k€446k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€36k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€58k
Other operating charges640/8€2k€2k▼
Gross operating margin9900€795k€896k▲
Operating profit (loss)9901€399k€354k▼
Financial income75/76B€26k€23k▼
Recurring financial income75€26k€23k▼
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€404k€358k▼
Income taxes67/77€101k€90k▼
Profit (loss) for the period9904€303k€268k▼
Profit (loss) for the period to be appropriated9905€303k€268k▼
Appropriation of the result
Profit (loss) to be appropriated9906€303k€268k▼
Transfer from equity791/2€203k€143k▼
Transfer to equity691/2€303k€268k▼
To other reserves6921€303k€268k▼
Profit to be distributed694/7€203k€143k▼
Return on contributions (dividend)694€203k€143k▼
Social balance
Average headcount (FTE)90874.55.4▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | €4k | ▲ 80.4% |
| Remuneration, social security and pensions62 | - | €321k | €394k | €367k | €446k | ▲ 21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €27k | €34k | €27k | €36k | ▲ 36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €58k | - |
| Other operating charges640/8 | - | €3k | €3k | €2k | €2k | ▼ 12.4% |
| Gross operating margin9900 | €600k | €646k | €1.02M | €795k | €896k | ▲ 12.7% |
| Operating profit (loss)9901 | €152k | €296k | €590k | €399k | €354k | ▼ 11.3% |
| Financial income75/76B | - | €5k | €13k | €26k | €23k | ▼ 12.0% |
| Recurring financial income75 | €7k | €5k | €13k | €26k | €23k | ▼ 12.0% |
| Financial charges65/66B | - | €19k | €18k | €21k | €19k | ▼ 12.0% |
| Recurring financial charges65 | €11k | €19k | €18k | €21k | €19k | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €148k | €282k | €585k | €404k | €358k | ▼ 11.3% |
| Income taxes67/77 | €36k | €77k | €152k | €101k | €90k | ▼ 10.5% |
| Profit (loss) for the period9904 | €112k | €205k | €433k | €303k | €268k | ▼ 11.6% |
| Transfer from tax-exempt reserves789 | - | €29k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €112k | €234k | €433k | €303k | €268k | ▼ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.69M | €1.74M | €1.94M | €2.01M | €2.09M | ▲ 3.9% |
| Fixed assets21/28 | €81k | €64k | €55k | €156k | €124k | ▼ 20.4% |
| Intangible fixed assets21 | €47k | €34k | €36k | €134k | €105k | ▼ 22.0% |
| Tangible fixed assets22/27 | €30k | €26k | €14k | €17k | €15k | ▼ 12.6% |
| Land and buildings22 | - | €4k | €3k | €2k | €781 | ▼ 57.2% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €3k | ▲ 151% |
| Furniture and vehicles24 | - | €18k | €9k | €14k | €11k | ▼ 22.3% |
| Other tangible fixed assets26 | - | €3k | €85 | €0 | - | - |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | ▲ 0.7% |
| Current assets29/58 | €1.61M | €1.68M | €1.89M | €1.85M | €1.96M | ▲ 5.9% |
| Stocks and contracts in progress3 | €9k | €11k | €11k | €28k | €40k | ▲ 42.5% |
| Stocks30/36 | - | €11k | €11k | €28k | €40k | ▲ 42.5% |
| Amounts receivable within one year40/41 | €604k | €821k | €713k | €518k | €536k | ▲ 3.5% |
| Trade receivables40 | - | €809k | €638k | €513k | €497k | ▼ 3.3% |
| Other amounts receivable41 | - | €12k | €75k | €4k | €39k | ▲ 846% |
| Current investments50/53 | - | - | €150k | €650k | €500k | ▼ 23.1% |
| Cash at bank and in hand54/58 | €979k | €834k | €989k | €624k | €847k | ▲ 35.7% |
| Deferred charges and accrued income490/1 | - | €10k | €24k | €33k | €40k | ▲ 19.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.69M | €1.74M | €1.94M | €2.01M | €2.09M | ▲ 3.9% |
| Equity10/15 | €867k | €905k | €1.21M | €1.31M | €1.44M | ▲ 9.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €848k | €886k | €1.19M | €1.29M | €1.42M | ▲ 9.7% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €885k | €1.19M | €1.29M | €1.42M | ▲ 9.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €827k | €835k | €731k | €697k | €650k | ▼ 6.9% |
| Amounts payable within one year42/48 | €816k | €823k | €716k | €686k | €641k | ▼ 6.5% |
| Trade debts44 | €305k | €427k | €400k | €304k | €390k | ▲ 28.3% |
| Suppliers440/4 | - | €427k | €400k | €304k | €390k | ▲ 28.3% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €148k | €113k | €99k | €104k | ▲ 5.4% |
| Taxes450/3 | - | €95k | €66k | €52k | €44k | ▼ 14.5% |
| Remuneration and social security454/9 | - | €53k | €47k | €47k | €60k | ▲ 27.3% |
| Other amounts payable47/48 | - | €249k | €203k | €283k | €146k | ▼ 48.2% |
| Accrued charges and deferred income492/3 | - | €12k | €15k | €12k | €9k | ▼ 25.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112k | €205k | €433k | €303k | €268k | ▼ 11.6% |
| + Depreciation and write-downs630 | €28k | €27k | €34k | €27k | €36k | ▲ 36.4% |
| Operating cash flow (approximation) | €140k | €232k | €467k | €330k | €304k | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | €-9k | €-24k | €-128k | €-5k | ▲ 96.5% |
| Change in cash | - | €-145k | €155k | €-365k | €223k | ▲ 161% |
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
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €433k ▲111%
Operating result €590k, net result €433k, both a record.
31-12
Financial
Equity above €1MEq €1.21M ▲33.8%
6 profitable years in a row build equity to €1.21M.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €112k ▼21.3%
Net result drops to €112k, the lowest in the series; recovery starts the following year.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Deinze · 1 establishment unit since 1996
Ground area
1,184 m²
Building footprint
556 m²
Parcel 44006C0367/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
RITEC
since 19962.074.718.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006C0367/00M000 | Flanders | 1,184 m² | 1 · 556 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 11,570 EUR awarded · 11,570 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,431 EUR | 1,431 EUR |
| 2024 | 2 | 2,669 EUR | 2,669 EUR |
| 2023 | 1 | 135 EUR | 135 EUR |
| 2022 | 1 | 7,335 EUR | 7,335 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
Similar companies · same sector, comparable size
OUTIMAT - DRILFIX
BE 0400.100.650
Gent · Eq €1,445,293
JAMAR
BE 0427.854.429
Wommelgem · Eq €1,445,836
MEA
BE 0413.125.473
Evergem · Eq €1,418,926
DELAMSTEEL
BE 0870.850.360
Hooglede · Eq €1,471,139
RADETEC
BE 0809.975.734
Kruisem · Eq €1,480,287
Of 505 companies in sector 46841 we hold annual accounts for 365. 280 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
Founded04-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46841Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.