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RIZ-EXPRESS

Active
Private limited companyfounded 2020active for 6 yearsLt. Graffplein 15, 1780 Wemmel, BelgiumKBO/BCE: BE 0753.964.865

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.

Annual accounts 2024 filed on 29-08-2025 PDF all 4 filings

Turnover
€620,289▲ 6.2%
2023 · €583,991
EBIT margin
1.2%▲ 0.7pp
2023 · 0.5%
Net result
€5,573▲ 147%
2023 · €2,253
Working capital
€33,511▼ 8.8%
2023 · €36,728
Multi-year overview
2021 to 2024, 4 financial years
Turnover
€620,289
▲ 6.2% 2024
20212024
Operating result
€7,579
▲ 159% 2024
20212024
Net result
€5,573
▲ 147% 2024
middle half of the sector
20212024
EBIT margin
1.2%
▲ 0.7pp 2024
20212024
Equity
€33,511
▲ 13.1% 2024
middle half of the sector
20212024
Total assets
€70,071
▼ 55.0% 2024
middle half of the sector
20212024
Debt
€36,560
▼ 71.0% 2024
20212024
Working capital
€33,511
▼ 8.8% 2024
middle half of the sector
20212024
Solvency
47.8%
▲ 28.8pp 2024
middle half of the sector
20212024
Current ratio
1.92
▲ 0.61 2024
middle half of the sector
20212024
Return on assets (ROA)
8.0%
▲ 6.5pp 2024
middle half of the sector
20212024
Staff (FTE)
no figure
2024
20212024
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2021202220232024
Turnover€533,552-€783,028▲ 46.8%€583,991▼ 25.4%€620,289▲ 6.2%
Operating result€18,392-€14,163▼ 23.0%€2,927▼ 79.3%€7,579▲ 159%
Net result€13,470within the sector's middle half-€10,901within the sector's middle half▼ 19.1%€2,253within the sector's middle half▼ 79.3%€5,573within the sector's middle half▲ 147%
EBIT margin3.4%-1.8%▼ 1.6pp0.5%▼ 1.3pp1.2%▲ 0.7pp
Equity€16,470within the sector's middle half-€27,371within the sector's middle half▲ 66.2%€29,623within the sector's middle half▲ 8.2%€33,511within the sector's middle half▲ 13.1%
Total assets€41,332below the sector's middle half-€65,208within the sector's middle half▲ 57.8%€155,680within the sector's middle half▲ 139%€70,071within the sector's middle half▼ 55.0%
Debt€24,862-€37,837▲ 52.2%€126,057▲ 233%€36,560▼ 71.0%
Working capital€16,470within the sector's middle half-€41,096within the sector's middle half▲ 150%€36,728within the sector's middle half▼ 10.6%€33,511within the sector's middle half▼ 8.8%
Solvency39.8%within the sector's middle half-42.0%within the sector's middle half▲ 2.1pp19.0%within the sector's middle half▼ 22.9pp47.8%within the sector's middle half▲ 28.8pp
Current ratio1.66within the sector's middle half-2.70within the sector's middle half▲ 1.041.31within the sector's middle half▼ 1.401.92within the sector's middle half▲ 0.61
Return on assets (ROA)32.6%above the sector's middle half-16.7%above the sector's middle half▼ 15.9pp1.4%within the sector's middle half▼ 15.3pp8.0%within the sector's middle half▲ 6.5pp
Staff (FTE)0.2
above within below The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). 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 2024 is 159% higher than in 2023. It is a recovery after the fall in 2023.

Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €70,071
Equity €33,511 ▲ 13.1%
Debt €36,560 ▼ 71.0%
Debt's share of the balance-sheet total falls from 81.0% to 52.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Quick ratio
0.19▼
2023 · 0.74
Debt to equity
1.09▼
2023 · 4.26
ROE
16.6%▲
2023 · 7.6%
Debt ≤ 1 year
€36,560▼
2023 · €118,952
Income taxes
€1,972▲
2023 · €666
Customer credit
1 day▼
2023 · 7 days
Supplier credit
5 days▼
2023 · 60 days
Staff costs
€18,486▼
2023 · €32,075
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-2023
Joined1
Left1

Source: social balance sheet in the 2023 annual accounts

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet Code20232024
Assets
Total assets20/58€155,680€70,071▼
Current assets29/58€155,680€70,071▼
Stocks and contracts in progress3€67,615€63,063▼
Stocks30/36€67,615€63,063▼
Amounts receivable within one year40/41€10,715€2,386▼
Other amounts receivable41€10,715€2,386▼
Cash at bank and in hand54/58€76,794€4,622▼
Deferred charges and accrued income490/1€556-
Equity and liabilities
Total equity and liabilities10/49€155,680€70,071▼
Equity10/15€29,623€33,511▲
Contributions10/11€3,000€3,000=
Capital10€3,000-
Issued capital100€3,000-
Contributions outside capital11-€3,000
Other1109/19-€3,000
Reserves13€1,769€1,769=
Non-distributable reserves130/1€1,769€1,769=
Legal reserve130€1,769-
Reserves not available under the articles1311-€1,769
Profit (loss) carried forward14€24,854€28,742▲
Amounts payable17/49€126,057€36,560▼
Amounts payable after more than one year17€7,105-
Financial debts170/4€7,105-
Amounts payable within one year42/48€118,952€36,560▼
Financial debts43-€11
Credit institutions430/8-€11
Trade debts44€90,608€8,611▼
Suppliers440/4€90,608€8,611▼
Taxes, remuneration and social security45€25,719€27,938▲
Taxes450/3€15,551€11,133▼
Remuneration and social security454/9€10,168€16,805▲
Other amounts payable47/48€2,625-
Income statement Code20232024
Turnover70€583,991€620,289▲
Goods, raw materials, services and sundry goods60/61€548,213€591,712▲
Remuneration, social security and pensions62€32,075€18,486▼
Other operating charges640/8€776€2,512▲
Gross operating margin9900€35,778€28,577▼
Operating profit (loss)9901€2,927€7,579▲
Financial charges65/66B€8€34▲
Recurring financial charges65€8€34▲
Profit (loss) for the period before taxes9903€2,919€7,545▲
Income taxes67/77€666€1,972▲
Profit (loss) for the period9904€2,253€5,573▲
Profit (loss) for the period to be appropriated9905€2,253€5,573▲
Appropriation of the result
Profit (loss) to be appropriated9906€25,000€28,742▲
Profit (loss) brought forward from the previous period14P€22,747€23,169▲
Transfer to equity691/2€146-
To the legal reserve6920€146-

Source: Annual accounts 2024 (PDF), filed on 29-08-2025.

Line2021202220232024Change
Turnover70€533,552€783,028€583,991€620,289▲ 6.2%
Goods, raw materials, services and sundry goods60/61€529,714€721,526€548,213€591,712▲ 7.9%
Remuneration, social security and pensions62€9,915€46,063€32,075€18,486▼ 42.4%
Other operating charges640/8€4,831€1,276€776€2,512▲ 224%
Gross operating margin9900€33,138€61,502€35,778€28,577▼ 20.1%
Operating profit (loss)9901€18,392€14,163€2,927€7,579▲ 159%
Financial charges65/66B€41€43€8€34▲ 325%
Recurring financial charges65€41€43€8€34▲ 325%
Profit (loss) for the period before taxes9903€18,351€14,120€2,919€7,545▲ 158%
Income taxes67/77€4,881€3,219€666€1,972▲ 196%
Profit (loss) for the period9904€13,470€10,901€2,253€5,573▲ 147%
Profit (loss) for the period to be appropriated9905€13,470€10,901€2,253€5,573▲ 147%
Line2021202220232024Change
Assets
Total assets20/58€41,332€65,208€155,680€70,071▼ 55.0%
Current assets29/58€41,332€65,208€155,680€70,071▼ 55.0%
Stocks and contracts in progress3€6,589€13,358€67,615€63,063▼ 6.7%
Stocks30/36€6,589€13,358€67,615€63,063▼ 6.7%
Amounts receivable within one year40/41€6,258€9,256€10,715€2,386▼ 77.7%
Other amounts receivable41€6,258€9,256€10,715€2,386▼ 77.7%
Cash at bank and in hand54/58€28,485€42,594€76,794€4,622▼ 94.0%
Deferred charges and accrued income490/1--€556--
Equity and liabilities
Total equity and liabilities10/49€41,332€65,208€155,680€70,071▼ 55.0%
Equity10/15€16,470€27,371€29,623€33,511▲ 13.1%
Contributions10/11€3,000€3,000€3,000€3,000=
Capital10€3,000€3,000€3,000--
Issued capital100€3,000€3,000€3,000--
Contributions outside capital11---€3,000-
Other1109/19---€3,000-
Reserves13€918€1,624€1,769€1,769=
Non-distributable reserves130/1€918€1,624€1,769€1,769=
Legal reserve130€918€1,624€1,769--
Reserves not available under the articles1311---€1,769-
Profit (loss) carried forward14€12,552€22,747€24,854€28,742▲ 15.6%
Amounts payable17/49€24,862€37,837€126,057€36,560▼ 71.0%
Amounts payable after more than one year17-€13,725€7,105--
Financial debts170/4-€13,725€7,105--
Amounts payable within one year42/48€24,862€24,112€118,952€36,560▼ 69.3%
Financial debts43---€11-
Credit institutions430/8---€11-
Trade debts44€19,066-€90,608€8,611▼ 90.5%
Suppliers440/4€19,066-€90,608€8,611▼ 90.5%
Taxes, remuneration and social security45€5,796€24,112€25,719€27,938▲ 8.6%
Taxes450/3€5,796€12,597€15,551€11,133▼ 28.4%
Remuneration and social security454/9-€11,515€10,168€16,805▲ 65.3%
Other amounts payable47/48--€2,625--
Line2021202220232024Change
Profit (loss) for the period9904€13,470€10,901€2,253€5,573▲ 147%
Operating cash flow (approximation)€13,470€10,901€2,253€5,573▲ 147%
Change in cash-€14,109€34,200-€72,172-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 26,972 companies had the same profile as RIZ-EXPRESS has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
94.9% was still going
3.4% stopped otherwise
1.6% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of RIZ-EXPRESS itself is higher: 10.0% within 12 months. It rests on far more data about RIZ-EXPRESS than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for RIZ-EXPRESS. 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.

Filings with the National Bank (4)
Financial year Type Filed Reference Document
31-12-2024 micro format 29-08-2025 2025-00486161 PDF
31-12-2023 micro format 31-08-2024 2024-00457060 PDF
31-12-2022 micro format 31-08-2023 2023-00423002 PDF
31-12-2021 micro format 14-09-2022 2022-20429868 PDF

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