Equity
€41,010 ▲ 7.9%
Ryco Horeca has made a profit in every financial year since 2023.
Ryco Horeca
Lifetime
3 annual accounts with figures on one time axispeak €53,443 (2023)
€52,016▲ 10.3%
peak €25,589 (2023)
€3,010▲ 24.8%
peak €41,010 (2025)
€41,010▲ 7.9%
€51,346▼ 34.4%
Board2 names since 2022
2 directorsOlivier Michel A.Henry and 1 other
Documentsfilings and deeds
14-11-202578 days before the deadline
2025micro format
Debts from €78,327 to €51,346Cash from €46,285 to €29,008
Key points
from the 2025 annual accountsChecked score
55
Fair
Financially stronger than 59% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.3%▲ +0.1 percentage points vs 12-2024
02-2025: 2.2%▼ -0.1 percentage points vs 01-2025
03-2025: 2.2%● unchanged vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.2%● unchanged vs 05-2025
07-2025: 2.2%● unchanged vs 06-2025
08-2025: 2.2%● unchanged vs 07-2025
09-2025: 2.2%● unchanged vs 08-2025
10-2025: 2.3%▲ +0.1 percentage points vs 09-2025
11-2025: 2.4%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 1.9%▼ -0.5 percentage points vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.6%▼ -0.3 percentage points vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026lowest value
08-2026: 1.6%● unchanged vs 07-2026lowest value
09-2026: 1.6%● unchanged vs 08-2026lowest value
10-2026: 1.9%▲ +0.3 percentage points vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Size: total assets €92,357
Founded in 2022
lowers risk
Liquidity: current ratio 1.04, cash €29,008
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 63% of them on solvency, 73% on liquidity, 45% on profitability and 53% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as Ryco Horeca has now. Each dot stands for 7 companies, two years later.
94.2%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Ryco Horeca itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 2,546 companies, not a prediction for Ryco Horeca. 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.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (1.04 in 2024), below the usual 1.5. Short-term debt is 42.9% and cash 31.4% of total assets. 55.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-11-2025, 78 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
78 days early
2024
28 days early
2023
20 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 42 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 3 January (3 of the last 3 accounts filed within 50 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
- Sukhon Cosemans 50 sharesdeed of 08-07-2022
- Olivier Michel A.Henry 50 sharesdeed of 08-07-2022
Recent changes
Incorporation
Founding capital of €10,000, 100 shares · Founders: Sukhon Cosemans and Olivier Michel A.Henry · Appointments: Sukhon Cosemans (director) and Olivier Michel A.Henry (director) · published on 08-07-2022 · Gazette deed
First establishment
Les mecs, Heldenplein 10, Hasselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ryco Horeca Hasselt | €92,357 | €52,016 | 44.4% | - |
| ROADKING Genk | €95,828 | €57,861 | 22.1% | - |
| NOBWIL Tessenderlo-Ham | €85,568 | €51,081 | -51.3% | - |
| JS Tongeren-Borgloon | €80,183 | €48,586 | 74.5% | - |
| STOEMP Tongeren-Borgloon | €90,820 | €63,186 | 42.0% | - |
| CHARDIN MAX Schaerbeek | €91,817 | €53,923 | 16.2% | - |
| BoBo Resto Malle | €81,678 | €54,193 | 26.4% | - |
These companies have the same main activity as Ryco Horeca: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €80,200 and €95,800, founded in 2022.
Official details
Source: KBO- Status
- Active since 06-07-2022Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Joint committee
- 302Hotels and catering · annual accounts 30-06-2025
- Establishment unit
- 2.333.213.0563500 Hasselt, since 06-07-2022
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- €92,357▼ 20.6%
- Employeeson 30-06-2025
- 2▲ 100%
- Filing
- Filed on 14-11-2025, 78 days before the end of the filing period
Insights on Ryco Horeca
Ryco Horeca files the micro format. That format states no turnover. The gross margin fell from €53,443 in 2023 to €52,016 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Ryco Horeca
- What is the company number of Ryco Horeca?
- The company number of Ryco Horeca is 0788.280.495. The VAT number is the same number with BE in front: BE 0788.280.495.
- Where is Ryco Horeca based?
- The registered office is at Heldenplein 10, 3500 Hasselt.Company details
- What does Ryco Horeca do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Ryco Horeca?
- Ryco Horeca is a private limited company (BV).
- When was Ryco Horeca founded?
- Ryco Horeca was founded on 06-07-2022.
- Is Ryco Horeca still active?
- Yes, Ryco Horeca is an active enterprise in the KBO register.
- How many employees does Ryco Horeca have?
- Ryco Horeca had an average of 7.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Ryco Horeca fall under?
- In its 30-06-2025 annual accounts, Ryco Horeca states joint committee 302 (Hotels and catering).
- What is the turnover of Ryco Horeca?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €52,016 and 72 comparable companies (NACE 56111). It probably lies between €140,000 and €220,000.
- Is Ryco Horeca profitable?
- In financial year 2025, Ryco Horeca made a profit of €3,010.
- Where can I find the annual accounts of Ryco Horeca?
- Ryco Horeca filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Ryco Horeca due?
- Ryco Horeca must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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