RIZE
ActiveSummary
The computed 12-month bankruptcy probability of RIZE is 3.1% (moderate). The 2024 annual accounts show equity of €21,960 and a net result of €4,419. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 18935 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-14
Solvency86▲+9
Growth79=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.16 against 1.62 in 2023; short-term debt: 38.5% and cash: 6.6% of total assets), and 38.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.5%
Return on assets
12.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
92 d late
2021
153 d late
2020
107 d late
2019
153 d late
2018
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 125 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€57,968▼ 14.4%
2019 · €67,691
EBIT margin
0.4%▼ 5.8pp
2019 · 6.1%
Net result
€4,419▼ 44.0%
2023 · €7,885
Working capital
€16,006▲ 57.5%
2023 · €10,160
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120232024
Turnover€67,691▲ 54.1%€57,968▼ 14.4%
Operating result€4,159€206▼ 95.0%€899▲ 336%€11,237-€6,732▼ 40.1%
Net result€4,322-€113within the sector's middle half€686within the sector's middle half€7,885within the sector's middle half-€4,419within the sector's middle half▼ 44.0%
EBIT margin6.1%▲ 29.1pp0.4%▼ 5.8pp
Equity€8,765▲ 97.3%€8,651within the sector's middle half▼ 1.3%€9,337within the sector's middle half▲ 7.9%€17,541within the sector's middle half-€21,960within the sector's middle half▲ 25.2%
Total assets€12,455▲ 19.5%€12,598below the sector's middle half▲ 1.1%€16,334below the sector's middle half▲ 29.7%€33,869below the sector's middle half-€35,713below the sector's middle half▲ 5.4%
Debt€3,690▼ 38.3%€3,947▲ 7.0%€6,997▲ 77.3%€16,328-€13,753▼ 15.8%
Working capital€8,765▲ 117%€4,948within the sector's middle half▼ 43.5%€4,761within the sector's middle half▼ 3.8%€10,160within the sector's middle half-€16,006within the sector's middle half▲ 57.5%
Solvency70.4%▲ 27.7pp68.7%above the sector's middle half▼ 1.7pp57.2%within the sector's middle half▼ 11.5pp51.8%within the sector's middle half-61.5%above the sector's middle half▲ 9.7pp
Current ratio3.38▲ 1.702.25above the sector's middle half▼ 1.121.68within the sector's middle half▼ 0.571.62within the sector's middle half-2.16above the sector's middle half▲ 0.54
Return on assets (ROA)34.7%▲ 141.2pp-0.9%within the sector's middle half▼ 35.6pp4.2%within the sector's middle half▲ 5.1pp23.3%above the sector's middle half-12.4%within the sector's middle half▼ 10.9pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35,713
Fixed assets
€5,954 ▼ 19.3%
Current assets
€29,759 ▲ 12.3%
Equity and liabilities €35,713
Equity
€21,960 ▲ 25.2%
Debt
€13,753 ▼ 15.8%
Debt's share of the balance-sheet total falls from 48.2% to 38.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,159▼
2023 · €12,663
Cash flow
€5,846▼
2023 · €9,311
Quick ratio
1.86▲
2023 · 1.29
Debt to equity
0.63▼
2023 · 0.93
ROE
20.1%▼
2023 · 45.0%
Interest coverage
87.73▲
2023 · 56.28
Debt ≤ 1 year
€13,753▼
2023 · €16,328
Income taxes
€2,220▼
2023 · €3,127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €67,691 | €57,968 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €53,938 | €89,156 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €401 | €1,427 | €1,427 | €1,426 | €1,427 | ▲ 0.1% |
| Other operating charges640/8 | - | - | €1,880 | €1,704 | €2,623 | ▲ 53.9% |
| Gross operating margin9900 | €6,380 | €3,458 | €4,206 | €14,367 | €10,782 | ▼ 25.0% |
| Operating profit (loss)9901 | €4,159 | €206 | €899 | €11,237 | €6,732 | ▼ 40.1% |
| Recurring financial income75 | €451 | - | - | - | - | - |
| Financial charges65/66B | - | - | €213 | €225 | €93 | ▼ 58.7% |
| Recurring financial charges65 | €288 | €319 | €213 | €225 | €93 | ▼ 58.7% |
| Profit (loss) for the period before taxes9903 | €4,322 | -€113 | €686 | €11,012 | €6,639 | ▼ 39.7% |
| Income taxes67/77 | - | - | - | €3,127 | €2,220 | ▼ 29.0% |
| Profit (loss) for the period9904 | €4,322 | -€113 | €686 | €7,885 | €4,419 | ▼ 44.0% |
| Profit (loss) for the period to be appropriated9905 | €4,322 | -€113 | €686 | €7,885 | €4,419 | ▼ 44.0% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,455 | €12,598 | €16,334 | €33,869 | €35,713 | ▲ 5.4% |
| Fixed assets21/28 | - | €3,703 | €4,576 | €7,381 | €5,954 | ▼ 19.3% |
| Tangible fixed assets22/27 | - | €3,703 | €4,576 | €7,381 | €5,954 | ▼ 19.3% |
| Plant, machinery and equipment23 | - | - | €3,078 | €1,026 | - | - |
| Furniture and vehicles24 | - | - | €1,498 | €6,355 | €5,954 | ▼ 6.3% |
| Current assets29/58 | €12,455 | €8,895 | €11,758 | €26,488 | €29,759 | ▲ 12.3% |
| Amounts receivable after more than one year29 | - | - | - | €2,000 | €2,000 | = |
| Other amounts receivable291 | - | - | - | €2,000 | €2,000 | = |
| Stocks and contracts in progress3 | €1,776 | €1,454 | €2,472 | €5,380 | €4,174 | ▼ 22.4% |
| Stocks30/36 | - | - | €2,472 | €5,380 | €4,174 | ▼ 22.4% |
| Amounts receivable within one year40/41 | €6,811 | €4,330 | €2,298 | €10,293 | €21,215 | ▲ 106% |
| Trade receivables40 | - | - | €63 | €10,293 | €21,215 | ▲ 106% |
| Other amounts receivable41 | - | - | €2,235 | - | - | - |
| Cash at bank and in hand54/58 | €3,868 | €3,111 | €6,988 | €8,815 | €2,370 | ▼ 73.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,455 | €12,598 | €16,334 | €33,869 | €35,713 | ▲ 5.4% |
| Equity10/15 | €8,765 | €8,651 | €9,337 | €17,541 | €21,960 | ▲ 25.2% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Capital10 | - | - | €12,500 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €6,100 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€5,595 | -€5,709 | -€5,023 | €3,181 | €7,600 | ▲ 139% |
| Amounts payable17/49 | €3,690 | €3,947 | €6,997 | €16,328 | €13,753 | ▼ 15.8% |
| Amounts payable within one year42/48 | €3,690 | €3,947 | €6,997 | €16,328 | €13,753 | ▼ 15.8% |
| Trade debts44 | €1,931 | €3,173 | €1,153 | €1,356 | €1,424 | ▲ 5.0% |
| Suppliers440/4 | - | - | €1,153 | €1,356 | €1,424 | ▲ 5.0% |
| Taxes, remuneration and social security45 | - | - | €774 | €13,146 | €7,339 | ▼ 44.2% |
| Taxes450/3 | - | - | €774 | €6,146 | €5,339 | ▼ 13.1% |
| Remuneration and social security454/9 | - | - | - | €7,000 | €2,000 | ▼ 71.4% |
| Other amounts payable47/48 | - | - | €5,070 | €1,826 | €4,990 | ▲ 173% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,322 | -€113 | €686 | €7,885 | €4,419 | ▼ 44.0% |
| + Depreciation and write-downs630 | €401 | €1,427 | €1,427 | €1,426 | €1,427 | ▲ 0.1% |
| Operating cash flow (approximation) | €4,723 | €1,314 | €2,113 | €9,311 | €5,846 | ▼ 37.2% |
| Investment in fixed assets (approximation) | - | - | -€2,300 | - | €0 | - |
| Change in cash | - | -€757 | €3,877 | - | -€6,445 | - |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Highest result since 2018net €7,885 ▲1,049%
Operating result €11,237, net result €7,885, both a record.
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Back to profitnet €686
Net result €686 after one loss-making year.
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-12
Financial
Back to profitnet €4,322
Net result €4,322 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.38
Current ratio from 1.68 to 3.38; short-term debt falls from €5,977 to €3,690.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 87 days late
2014
30-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 152 days late
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.
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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, Brussel · 1 establishment unit since 2011
Ground area
38 m²
Parcel 21803C0132/00M002, Brussels. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RIZE
since 20112.200.893.277
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0132/00M002 | Brussels | 38 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.200.893.277
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. 8,157 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
Founded06-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837676360
Also
9925:BE0837676360
Registered
20-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.