RITECH
ActiveRITECH has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €177k and a net result of €12k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 26048 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74=
Solvency89▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 2.5 in 2023; short-term debt: 34.7% and cash: 37.9% of total assets), and 36% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
31 d late
2021
65 d late
2020
31 d late
2019
118 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€177k▲ 7.0%
2023 · €166k
2018: €44k
2019: €58k
2020: €104k
2021: €125k
2022: €155k
2023: €166k
2018 → 2024
Total assets
€277k▲ 0.8%
2023 · €275k
2018: €326k
2019: €279k
2020: €318k
2021: €346k
2022: €270k
2023: €275k
2018 → 2024
Net result
€12k▲ 5.4%
2023 · €11k
2018: €5k
2019: €14k
2020: €46k
2021: €10k
2022: €30k
2023: €11k
2018 → 2024
Working capital
€170k▲ 7.8%
2023 · €158k
2018: €20k
2019: €42k
2020: €95k
2021: €93k
2022: €145k
2023: €158k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€104k-€125k▲ 19.6%€155k▲ 24.3%€166k▲ 7.1%€177k▲ 7.0%
Operating result€63k-€19k▼ 70.3%€44k▲ 137%€15k▼ 65.3%€17k▲ 12.3%
Net result€46k-€10k▼ 78.0%€30k▲ 199%€11k▼ 63.9%€12k▲ 5.4%
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 12% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €277k
Fixed assets
€11k▼ 6.7%
Current assets
€266k▲ 1.2%
Equity and liabilities €277k
Equity
€177k▲ 7.0%
Provisions
€4k=
Debt
€96k▼ 8.7%
The debt ratio falls from 38.4% to 34.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▲
2023 · €17k
Cash flow
€14k▲
2023 · €13k
Solvency
64.0%▲
2023 · 60.3%
Current ratio
2.77▲
2023 · 2.50
Quick ratio
1.71▲
2023 · 1.28
Debt / equity
0.54▼
2023 · 0.64
ROE
6.5%▼
2023 · 6.6%
ROA
4.2%▲
2023 · 4.0%
Interest coverage
14.25▼
2023 · 46.56
Debt
€96k▼
2023 · €106k
Debt ≤ 1 year
€96k▼
2023 · €106k
Income taxes
€5k▲
2023 · €4k
Staff costs
€60k▲
2023 · €51k
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€275k€277k▲
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€12k€11k▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€691€1k▲
Other tangible fixed assets26€11k€10k▼
Financial fixed assets28€25€25=
Current assets29/58€263k€266k▲
Stocks and contracts in progress3€128k€101k▼
Stocks30/36€128k€101k▼
Amounts receivable within one year40/41€41k€57k▲
Trade receivables40€10k€22k▲
Other amounts receivable41€32k€35k▲
Cash at bank and in hand54/58€91k€105k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€275k€277k▲
Equity10/15€166k€177k▲
Contributions10/11€6k€6k=
Reserves13€160k€171k▲
Distributable reserves133€160k€171k▲
Provisions and deferred taxes16€4k€4k=
Provisions for liabilities and charges160/5€4k€4k=
Other liabilities and charges164/5€4k€4k=
Amounts payable17/49€106k€96k▼
Amounts payable within one year42/48€106k€96k▼
Trade debts44€53k€54k▲
Suppliers440/4€53k€54k▲
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€19k€28k▲
Taxes450/3€15k€21k▲
Remuneration and social security454/9€4k€7k▲
Other amounts payable47/48€32k€13k▼
Income statement
Code20232024
Remuneration, social security and pensions62€51k€60k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€448€451▲
Gross operating margin9900€69k€80k▲
Operating profit (loss)9901€15k€17k▲
Financial income75/76B€130€544▲
Recurring financial income75€130€544▲
Financial charges65/66B€375€1k▲
Recurring financial charges65€375€1k▲
Profit (loss) for the period before taxes9903€15k€16k▲
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€11k€12k▲
Profit (loss) for the period to be appropriated9905€11k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€12k▲
Transfer to equity691/2€11k€12k▲
To other reserves6921€11k€12k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €155k ▲24.3%
5 profitable years in a row build equity to €155k.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €46k ▲229%
Operating result €63k, net result €46k, both a record.
31-12
Financial
Equity above €100kEq €104k ▲79.3%
3 profitable years in a row build equity to €104k.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bornem · 1 establishment unit since 2017
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.
Puursesteenweg(BOR) 3512880 BornemGround area
3,508 m²
Building footprint
1,168 m²
Volume, LiDAR
3,926 m³
Parcel 12007C0233/00H000, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CRYSTALYTE-EUROPE
since 20172.262.830.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0233/00H000 | Flanders | 3,508 m² | 1 · 1,168 m² | 5.3 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.
Similar companies · same sector, comparable size
GARAGE SDS
BE 0475.714.922
Ternat · Eq €178k
55 BIKE DISTRIBUTION
BE 0479.247.009
Oudergem · Eq €179k
SDL-Services
BE 0840.246.761
Huldenberg · Eq €176k
Fietsen Geert
BE 0764.635.063
Lede · Eq €175k
BIKE FOR BUSINESS
BE 0651.869.692
Knokke-Heist · Eq €180k
Of 1,467 companies in sector 47632 we hold annual accounts for 733. 641 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-2017
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
45401
45402
46423Wholesale of clothing, excluding workwear and underwear
46495Wholesale trade
46730Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.