RYBA
ActiveSummary
RYBA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175k and a net result of €21k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+45
Solvency81▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 1.66 in 2024; short-term debt: 29.6% and cash: 0.9% of total assets), and 44.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
55.7%
Return on assets
6.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
58 d early
2022
27 d late
2021
11 d late
2020
212 d late
2019
122 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, micro schema
Equity
€175k▲ 13.4%
2024 · €154k
2018: €27klowest in 8 years
2019: €43k▲ +59.0% vs 2018
2020: €76k▲ +73.9% vs 2019
2021: €104k▲ +37.7% vs 2020
2022: €166k▲ +59.7% vs 2021
2023: €184k▲ +10.4% vs 2022highest in 8 years
2024: €154k▼ -15.8% vs 2023
2025: €175k▲ +13.4% vs 2024
2018 → 2025
Total assets
€315k▼ 11.6%
2024 · €356k
2018: €383k
2019: €308k▼ -19.6% vs 2018lowest in 8 years
2020: €336k▲ +9.2% vs 2019
2021: €348k▲ +3.5% vs 2020
2022: €439k▲ +26.2% vs 2021highest in 8 years
2023: €389k▼ -11.4% vs 2022
2024: €356k▼ -8.4% vs 2023
2025: €315k▼ -11.6% vs 2024
2018 → 2025
Net result
€21k
2024 · €-33k
2018: €-20k
2019: €16k▲ +182% vs 2018
2020: €32k▲ +99.3% vs 2019
2021: €29k▼ -11.2% vs 2020
2022: €62k▲ +118% vs 2021highest in 8 years
2023: €17k▼ -72.1% vs 2022
2024: €-33k▼ -288% vs 2023lowest in 8 years
2025: €21k▲ +163% vs 2024
2018 → 2025
Working capital
€134k▲ 41.9%
2024 · €95k
2018: €-48klowest in 8 years
2019: €12k▲ +125% vs 2018
2020: €65k▲ +442% vs 2019
2021: €124k▲ +90.3% vs 2020
2022: €121k▼ -2.2% vs 2021
2023: €128k▲ +5.7% vs 2022
2024: €95k▼ -25.9% vs 2023
2025: €134k▲ +41.9% 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€104k-€166k▲ 59.7%€184k▲ 10.4%€154k▼ 15.8%€175k▲ 13.4%
2021: €104klowest in 5 years
2022: €166k▲ +59.7% vs 2021
2023: €184k▲ +10.4% vs 2022highest in 5 years
2024: €154k▼ -15.8% vs 2023
2025: €175k▲ +13.4% vs 2024
Operating result€38k-€78k▲ 102%€37k▼ 52.4%€-18k€17k
2021: €38k
2022: €78k▲ +102% vs 2021highest in 5 years
2023: €37k▼ -52.4% vs 2022
2024: €-18k▼ -148% vs 2023lowest in 5 years
2025: €17k▲ +194% vs 2024
Net result€29k-€62k▲ 118%€17k▼ 72.1%€-33k€21k
2021: €29k
2022: €62k▲ +118% vs 2021highest in 5 years
2023: €17k▼ -72.1% vs 2022
2024: €-33k▼ -288% vs 2023lowest in 5 years
2025: €21k▲ +163% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €18k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €315k
Fixed assets
€87k ▼ 26.3%
Current assets
€228k ▼ 4.3%
Equity and liabilities €315k
Equity
€175k ▲ 13.4%
Debt
€140k ▼ 30.7%
Debt's share of the balance-sheet total falls from 56.6% to 44.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2024 · €10k
Cash flow
€42k▲
2024 · €-5k
Current ratio
2.44▲
2024 · 1.66
Quick ratio
2.35▲
2024 · 1.56
Debt to equity
0.80▼
2024 · 1.30
ROE
11.8%▲
2024 · -21.1%
ROA
6.6%▲
2024 · -9.2%
Interest coverage
3.67▲
2024 · 0.72
Debt ≤ 1 year
€93k▼
2024 · €143k
Debt > 1 year
€45k▼
2024 · €57k
Income taxes
€-2k▼
2024 · €2k
Staff costs
€2k▼
2024 · €58k
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€356k€315k▼
Fixed assets21/28€118k€87k▼
Tangible fixed assets22/27€118k€87k▼
Land and buildings22€86k€74k▼
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€17k€5k▼
Leasing and similar rights25€5k€0▼
Current assets29/58€238k€228k▼
Amounts receivable after more than one year29€172k€173k▲
Other amounts receivable291€172k€173k▲
Stocks and contracts in progress3€15k€9k▼
Stocks30/36€15k€9k▼
Amounts receivable within one year40/41€45k€41k▼
Trade receivables40€40k€41k▲
Other amounts receivable41€4k€232▼
Cash at bank and in hand54/58€3k€3k=
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€356k€315k▼
Equity10/15€154k€175k▲
Contributions10/11€19k€19k=
Reserves13€136k€156k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€117k€138k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€201k€140k▼
Amounts payable after more than one year17€57k€45k▼
Financial debts170/4€57k€45k▼
Amounts payable within one year42/48€143k€93k▼
Current portion of amounts payable after more than one year42€20k€13k▼
Financial debts43€49k€36k▼
Credit institutions430/8€49k€36k▼
Other loans439€41€0▼
Trade debts44€62k€39k▼
Suppliers440/4€62k€39k▼
Taxes, remuneration and social security45€11k€5k▼
Taxes450/3€11k€5k▼
Remuneration and social security454/9€260€0▼
Other amounts payable47/48€958€589▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€58k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€21k▼
Other operating charges640/8€2k€17k▲
Non-recurring operating charges66A€1k€3k▲
Gross operating margin9900€71k€60k▼
Operating profit (loss)9901€-18k€17k▲
Financial income75/76B€171€13k▲
Recurring financial income75€171€13k▲
Financial charges65/66B€13k€10k▼
Recurring financial charges65€13k€10k▼
Profit (loss) for the period before taxes9903€-31k€19k▲
Income taxes67/77€2k€-2k▼
Profit (loss) for the period9904€-33k€21k▲
Profit (loss) for the period to be appropriated9905€-33k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€21k▲
Profit (loss) brought forward from the previous period14P€4k€0▼
Transfer from equity791/2€29k€0▼
Transfer to equity691/2€0€21k▲
To other reserves6921€0€21k▲
The notes to these accounts (17 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 | - | €37k | €38k | €0 | - | - |
| Remuneration, social security and pensions62 | €49k | €52k | €62k | €58k | €2k | ▼ 96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €22k | €23k | €27k | €21k | ▼ 21.9% |
| Other operating charges640/8 | €5k | €4k | €3k | €2k | €17k | ▲ 633% |
| Non-recurring operating charges66A | €31k | €4k | €5k | €1k | €3k | ▲ 198% |
| Gross operating margin9900 | €147k | €160k | €130k | €71k | €60k | ▼ 15.3% |
| Operating profit (loss)9901 | €38k | €78k | €37k | €-18k | €17k | ▲ 194% |
| Financial income75/76B | €2k | €4k | €234 | €171 | €13k | ▲ 7,299% |
| Recurring financial income75 | €2k | €4k | €234 | €171 | €13k | ▲ 7,299% |
| Financial charges65/66B | €8k | €9k | €11k | €13k | €10k | ▼ 23.2% |
| Recurring financial charges65 | €8k | €9k | €11k | €13k | €10k | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €32k | €73k | €26k | €-31k | €19k | ▲ 161% |
| Income taxes67/77 | €4k | €11k | €9k | €2k | €-2k | ▼ 199% |
| Profit (loss) for the period9904 | €29k | €62k | €17k | €-33k | €21k | ▲ 163% |
| Profit (loss) for the period to be appropriated9905 | €29k | €62k | €17k | €-33k | €21k | ▲ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348k | €439k | €389k | €356k | €315k | ▼ 11.6% |
| Fixed assets21/28 | €112k | €148k | €130k | €118k | €87k | ▼ 26.3% |
| Tangible fixed assets22/27 | €112k | €148k | €130k | €118k | €87k | ▼ 26.3% |
| Land and buildings22 | €86k | €109k | €97k | €86k | €74k | ▼ 13.3% |
| Plant, machinery and equipment23 | - | - | - | €11k | €8k | ▼ 25.0% |
| Furniture and vehicles24 | - | €20k | €21k | €17k | €5k | ▼ 71.7% |
| Leasing and similar rights25 | €26k | €19k | €12k | €5k | €0 | ▼ 100% |
| Current assets29/58 | €236k | €291k | €258k | €238k | €228k | ▼ 4.3% |
| Amounts receivable after more than one year29 | - | €170k | €175k | €172k | €173k | ▲ 0.7% |
| Trade receivables290 | - | - | €175k | - | - | - |
| Other amounts receivable291 | - | €170k | - | €172k | €173k | ▲ 0.7% |
| Stocks and contracts in progress3 | €17k | €30k | €20k | €15k | €9k | ▼ 43.0% |
| Stocks30/36 | €17k | €30k | €20k | €15k | €9k | ▼ 43.0% |
| Amounts receivable within one year40/41 | €214k | €88k | €50k | €45k | €41k | ▼ 7.4% |
| Trade receivables40 | €30k | €26k | €33k | €40k | €41k | ▲ 2.4% |
| Other amounts receivable41 | €184k | €62k | €18k | €4k | €232 | ▼ 94.8% |
| Cash at bank and in hand54/58 | - | - | - | €3k | €3k | = |
| Deferred charges and accrued income490/1 | €5k | €3k | €13k | €4k | €2k | ▼ 48.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348k | €439k | €389k | €356k | €315k | ▼ 11.6% |
| Equity10/15 | €104k | €166k | €184k | €154k | €175k | ▲ 13.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €85k | €148k | €165k | €136k | €156k | ▲ 15.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €65k | €127k | €144k | €117k | €138k | ▲ 17.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €244k | €273k | €205k | €201k | €140k | ▼ 30.7% |
| Amounts payable after more than one year17 | €113k | €102k | €74k | €57k | €45k | ▼ 21.3% |
| Financial debts170/4 | €113k | €102k | €74k | €57k | €45k | ▼ 21.3% |
| Amounts payable within one year42/48 | €112k | €170k | €131k | €143k | €93k | ▼ 34.9% |
| Current portion of amounts payable after more than one year42 | €24k | €34k | €27k | €20k | €13k | ▼ 36.2% |
| Financial debts43 | €25k | €20k | €27k | €49k | €36k | ▼ 25.7% |
| Credit institutions430/8 | €25k | €20k | €27k | €49k | €36k | ▼ 25.6% |
| Other loans439 | - | - | - | €41 | €0 | ▼ 100% |
| Trade debts44 | €54k | €100k | €56k | €62k | €39k | ▼ 37.6% |
| Suppliers440/4 | €54k | €100k | €56k | €62k | €39k | ▼ 37.6% |
| Taxes, remuneration and social security45 | €9k | €15k | €19k | €11k | €5k | ▼ 57.6% |
| Taxes450/3 | €8k | €14k | €18k | €11k | €5k | ▼ 56.6% |
| Remuneration and social security454/9 | €194 | €465 | €644 | €260 | €0 | ▼ 100% |
| Other amounts payable47/48 | €6 | €1k | €1k | €958 | €589 | ▼ 38.5% |
| Accrued charges and deferred income492/3 | €18k | €388 | €220 | €2k | €2k | ▲ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €62k | €17k | €-33k | €21k | ▲ 163% |
| + Depreciation and write-downs630 | €23k | €22k | €23k | €27k | €21k | ▼ 21.9% |
| Operating cash flow (approximation) | €51k | €84k | €41k | €-5k | €42k | ▲ 892% |
| Investment in fixed assets (approximation) | - | €-58k | €-6k | €-15k | €10k | ▲ 165% |
| Change in cash | - | - | - | - | €0 | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Highest result since 2018net €62k ▲118%
Operating result €78k, net result €62k, both a record.
31-12
Financial
Equity above €150kEq €166k ▲59.7%
4 profitable years in a row build equity to €166k.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 212 days late
2021
31-12
Financial
Equity above €100kEq €104k ▲37.7%
3 profitable years in a row build equity to €104k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 44 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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, Schoten · 2 establishment units since 1988
Ground area
1,601 m²
Building footprint
467 m²
Volume, LiDAR
2,149 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
RYBA
since 19882.036.700.783
RYBA SHOWROOM & INFOCENTRUM
since 20132.218.174.917
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040A0032/00W067 | Flanders | 855 m² | 1 · 161 m² | 10.4 m · 2 fl. |
| 11040D0210/00M009 | Flanders | 746 m² | 1 · 306 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 endedMonteur centrale verwarming (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 2,945 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
Founded22-02-1988
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
46836Wholesale trade
47527Retail trade
71112Activities of interior architects
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.