Equity
€1.4m ▲ 9.6%
RITEC has made a profit without a break since 2010.
RITEC
Lifetime
19 annual accounts with figures on one time axis, 29 filings since 1997peak €1.0m (2023)
€896,480▲ 12.7%
lowest -€45,413 (2009)
€268,021▼ 11.6%
peak €1.4m (2025)
€1.4m▲ 9.6%
€649,681▼ 6.9%
peak 5.4 FTE (2014)
5.4 FTE▲ 20.0%
Board1 name since 2022
1 directorRik VANDENBUSSCHE
Documentsfilings and deeds
24-04-202698 days before the deadline
2025abbreviated format
Gross margin from €795,385 to €896,480Staff from 4.5 FTE to 5.4 FTEDividend €142,706Cash from €623,942 to €846,701
Key points
from the 2025 annual accountsChecked score
97
Excellent
Financially stronger than 76% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026highest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 3.06, cash €846,701
Founded in 1996
Equity €1.4m (68.9% of total assets)
Size: 5.4 FTE, total assets €2.1m
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 46, micro). It does better than 74% of them on solvency, 87% on liquidity, 79% on profitability and 64% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as RITEC has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RITEC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for RITEC. 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.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.06 (2.7 in 2024), above the usual 1.5. Short-term debt is 30.7% and cash 40.6% of total assets. 31.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days early
2024
34 days early
2023
30 days early
2022
30 days early
2021
32 days early
2020
45 days early
2019
19 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (3 of the last 3 accounts filed within 64 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0456787846
Change of role: Rik VANDENBUSSCHE, from manager to director
“De vennootschap mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële…” (deed in Dutch) · General meeting of 26-09-2023 · Gazette deed
First establishment
Vaart Rechteroever 227, Deinze
Incorporation
published on 26-01-1996 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RITEC Deinze | €2.1m | €0.9m | 68.9% | 5.4 |
| ALTUS Bruges | €2.5m | €0.7m | 63.9% | 4.6 |
| TECHNIQUES DE FIXATION ET D'ASSEMBLAGE Grâce-Hollogne | €1.8m | €0.9m | 47.8% | 8 |
| Act in Time Duffel | €2.0m | €0.6m | 58.2% | 5.7 |
| Optimax Gereedschappen Lille | €1.8m | €0.6m | 49.9% | 3.4 |
| Protec International Wichelen | €3.2m | €1.1m | 82.7% | 7.6 |
| SADU-ABRASIVES Sint-Niklaas | €2.1m | €0.7m | 60.9% | 5.2 |
These companies have the same main activity as RITEC: wholesale trade (NACE 46841). They are comparable in size and age: total assets between €1.8m and €3.2m, founded between 1985 and 1999.
Official details
Source: KBO- Status
- Active since 04-01-1996Normal situation
- Activity
- Wholesale tradeNACE 46841and 1 other
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.074.718.6479800 Deinze, since 16-01-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €4.5mestimated
- €2.1m▲ 3.9%
- Employeeson 31-12-2025
- 6▲ 20.0%
- Filing
- Filed on 24-04-2026, 98 days before the end of the filing period
Insights on RITEC
RITEC files the abbreviated format. That format states no turnover. The gross margin rose from €285,956 in 2007 to €896,480 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RITEC
- What is the company number of RITEC?
- The company number of RITEC is 0456.787.846. The VAT number is the same number with BE in front: BE 0456.787.846.
- Where is RITEC based?
- The registered office is at Vaart Rechteroever 227, 9800 Deinze.Company details
- What does RITEC do?
- According to the KBO register, the main activity is wholesale trade (NACE 46841).
- What is the legal form of RITEC?
- RITEC is a private limited company (BV).
- When was RITEC founded?
- RITEC was founded on 04-01-1996.
- Is RITEC still active?
- Yes, RITEC is an active enterprise in the KBO register.
- How many employees does RITEC have?
- RITEC had an average of 5.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does RITEC fall under?
- In its 2025 annual accounts, RITEC states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of RITEC?
- The turnover in financial year 2025 is ≈ €4.5m. This figure is estimated from the gross margin of €896,480 and 139 comparable companies (NACE 46). It probably lies between €2.9m and €7.7m.
- Is RITEC profitable?
- In financial year 2025, RITEC made a profit of €268,021.
- Where can I find the annual accounts of RITEC?
- RITEC filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RITEC due?
- RITEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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