RYCKEWAERT
ActiveRYCKEWAERT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.72M and a net result of €167k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-15
Solvency62▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.17 in 2023; short-term debt: 55.6% and cash: 2.1% of total assets), and 63.1% of the assets are financed with debt.
Credit advice 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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
36.9%
Return on assets
3.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 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
not confirmed
2024
90 d late
2023
72 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
67 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.72M▲ 10.9%
2023 · €1.55M
2018: €652k
2019: €779k
2020: €978k
2021: €1.18M
2022: €1.05M
2023: €1.55M
2018 → 2024
Total assets
€4.65M▲ 36.3%
2023 · €3.41M
2018: €2.40M
2019: €2.53M
2020: €2.44M
2021: €2.64M
2022: €2.84M
2023: €3.41M
2018 → 2024
Net result
€167k▼ 68.7%
2023 · €534k
2018: €116k
2019: €127k
2020: €199k
2021: €199k
2022: €170k
2023: €534k
2018 → 2024
Working capital
€-81k
2023 · €265k
2018: €439k
2019: €578k
2020: €633k
2021: €760k
2022: €238k
2023: €265k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€978k-€1.18M▲ 20.3%€1.05M▼ 10.5%€1.55M▲ 46.9%€1.72M▲ 10.9%
Operating result€257k-€272k▲ 5.8%€222k▼ 18.6%€783k▲ 253%€264k▼ 66.2%
Net result€199k-€199k▼ 0.2%€170k▼ 14.4%€534k▲ 214%€167k▼ 68.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 66% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.65M
Fixed assets
€2.15M▲ 34.5%
Current assets
€2.50M▲ 37.8%
Equity and liabilities €4.65M
Equity
€1.72M▲ 10.9%
Provisions
€8k▼ 38.2%
Debt
€2.93M▲ 58.0%
The debt ratio rises from 54.3% to 62.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€804k▼
2023 · €1.20M
Cash flow
€707k▼
2023 · €949k
Solvency
36.9%▼
2023 · 45.3%
Current ratio
0.97▼
2023 · 1.17
Quick ratio
0.82▼
2023 · 1.16
Debt / equity
1.71▲
2023 · 1.20
ROE
9.8%▼
2023 · 34.5%
ROA
3.6%▼
2023 · 15.6%
Interest coverage
16.99▼
2023 · 37.92
Debt
€2.93M▲
2023 · €1.85M
Debt ≤ 1 year
€2.58M▲
2023 · €1.55M
Debt > 1 year
€325k▲
2023 · €289k
Income taxes
€58k▼
2023 · €221k
Staff costs
€123k▼
2023 · €224k
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€3.41M€4.65M▲
Fixed assets21/28€1.60M€2.15M▲
Tangible fixed assets22/27€1.60M€2.15M▲
Land and buildings22€69k€199k▲
Plant, machinery and equipment23€348k€239k▼
Furniture and vehicles24€1.02M€1.58M▲
Leasing and similar rights25€164k€125k▼
Financial fixed assets28€405€0▼
Current assets29/58€1.82M€2.50M▲
Stocks and contracts in progress3€21k€381k▲
Stocks30/36€16k€17k▲
Contracts in progress37€5k€365k▲
Amounts receivable within one year40/41€1.69M€2.01M▲
Trade receivables40€1.55M€1.88M▲
Other amounts receivable41€146k€123k▼
Cash at bank and in hand54/58€97k€97k▼
Deferred charges and accrued income490/1€5k€20k▲
Equity and liabilities
Total equity and liabilities10/49€3.41M€4.65M▲
Equity10/15€1.55M€1.72M▲
Contributions10/11€111k€111k=
Reserves13€1.42M€1.60M▲
Tax-exempt reserves132€51k€34k▼
Distributable reserves133€1.37M€1.57M▲
Profit (loss) carried forward14€12k€0▼
Provisions and deferred taxes16€14k€8k▼
Deferred taxes168€14k€8k▼
Amounts payable17/49€1.85M€2.93M▲
Amounts payable after more than one year17€289k€325k▲
Financial debts170/4€289k€325k▲
Amounts payable within one year42/48€1.55M€2.58M▲
Current portion of amounts payable after more than one year42€391k€240k▼
Trade debts44€521k€1.90M▲
Suppliers440/4€521k€1.90M▲
Advances received on contracts in progress46€210k€0▼
Taxes, remuneration and social security45€215k€195k▼
Taxes450/3€186k€194k▲
Remuneration and social security454/9€29k€1k▼
Other amounts payable47/48€216k€252k▲
Accrued charges and deferred income492/3€10k€17k▲
Income statement
Code20232024
Non-recurring operating income76A€19k-
Remuneration, social security and pensions62€224k€123k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€415k€540k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-962
Other operating charges640/8€27k€10k▼
Gross operating margin9900€1.45M€936k▼
Operating profit (loss)9901€783k€264k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Non-recurring financial income76B-€0
Financial charges65/66B€32k€47k▲
Recurring financial charges65€32k€47k▲
Profit (loss) for the period before taxes9903€755k€221k▼
Transfer from deferred taxes780€4k€4k▲
Transfer to deferred taxes680€4k€0▼
Income taxes67/77€221k€58k▼
Profit (loss) for the period9904€534k€167k▼
Transfer from tax-exempt reserves789€16k€18k▲
Transfer to tax-exempt reserves689€15k€0▼
Profit (loss) for the period to be appropriated9905€535k€185k▼
Appropriation of the result
Profit (loss) to be appropriated9906€547k€197k▼
Profit (loss) brought forward from the previous period14P€12k€12k=
Transfer to equity691/2€495k€197k▼
To other reserves6921€495k€197k▼
Profit to be distributed694/7€40k€0▼
Directors or managers695€40k€0▼
Social balance
Average headcount (FTE)90873.32.1▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 90 days late
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 72 days late
2023
31-12
Financial
Highest result since 2018net €534k ▲214%
Operating result €783k, net result €534k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €1MEq €1.18M ▲20.3%
4 profitable years in a row build equity to €1.18M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Koekelare · 1 establishment unit since 2007
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.
Korkentapstraat 278680 KoekelareGround area
1.1 ha
Building footprint
266 m²
Volume, LiDAR
1,355 m³
Parcel 35025B0454/00B002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RYCKEWAERT
since 20072.162.322.020
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35025B0454/00B002 | Flanders | 1.1 ha | 1 · 266 m² | 8.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 989 EUR awarded · 989 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 429 EUR | 429 EUR |
| 2023 | 1 | 560 EUR | 560 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
6 categoriesRYCKEWAERT BV44270
Food safety, FASFC
1 siteKoekelare2.162.322.020
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Lubbeek · Eq €1.71M
BATRAGECI
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Hamois · Eq €1.71M
GEFICA
BE 0424.948.981
Vorselaar · Eq €1.70M
D'HAENE KARL
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Kruisem · Eq €1.73M
Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 1,325 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2007
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.