Summary
RYDOO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €7.14M and a net result of €-1.45M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 2399 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2399 sector peers (2025).
NBB · sector comparisonPosition among 2399 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
31 d early
2023
42 d early
2022
32 d early
2021
125 d late
2020
358 d late
2019
68 d early
← 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, full schema
Equity
€7.14M▼ 16.8%
2024 · €8.58M
2019: €-7.04M
2020: €-10.94M▼ -55.5% vs 2019lowest in 7 years
2021: €4.60M▲ +142% vs 2020
2022: €10.91M▲ +137% vs 2021highest in 7 years
2023: €8.99M▼ -17.6% vs 2022
2024: €8.58M▼ -4.5% vs 2023
2025: €7.14M▼ -16.8% vs 2024
2019 → 2025
Net result
€-1.45M▼ 255%
2024 · €-407k
2019: €-3.40M
2020: €-3.90M▼ -14.8% vs 2019
2021: €-4.17M▼ -6.9% vs 2020
2022: €-4.87M▼ -16.6% vs 2021lowest in 7 years
2023: €-1.92M▲ +60.6% vs 2022
2024: €-407k▲ +78.8% vs 2023highest in 7 years
2025: €-1.45M▼ -255% vs 2024
2019 → 2025
Total assets
€25.70M▲ 6.4%
2024 · €24.14M
2019: €6.88Mlowest in 7 years
2020: €8.01M▲ +16.4% vs 2019
2021: €11.55M▲ +44.2% vs 2020
2022: €19.45M▲ +68.4% vs 2021
2023: €21.82M▲ +12.2% vs 2022
2024: €24.14M▲ +10.7% vs 2023
2025: €25.70M▲ +6.4% vs 2024highest in 7 years
2019 → 2025
Solvency
27.8%▼ 7.8pp
2024 · 35.5%
2019: -102.3%
2020: -136.6%▼ -33.5% vs 2019lowest in 7 years
2021: 39.9%▲ +129% vs 2020
2022: 56.1%▲ +40.7% vs 2021highest in 7 years
2023: 41.2%▼ -26.5% vs 2022
2024: 35.5%▼ -13.7% vs 2023
2025: 27.8%▼ -21.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.91M-€13.49M▲ 51.4%€14.28M▲ 5.9%€17.48M▲ 22.5%€20.40M▲ 16.7%
2021: €8.91Mlowest in 5 years
2022: €13.49M▲ +51.4% vs 2021
2023: €14.28M▲ +5.9% vs 2022
2024: €17.48M▲ +22.5% vs 2023
2025: €20.40M▲ +16.7% vs 2024highest in 5 years
Equity€4.60M-€10.91M▲ 137%€8.99M▼ 17.6%€8.58M▼ 4.5%€7.14M▼ 16.8%
2021: €4.60Mlowest in 5 years
2022: €10.91M▲ +137% vs 2021highest in 5 years
2023: €8.99M▼ -17.6% vs 2022
2024: €8.58M▼ -4.5% vs 2023
2025: €7.14M▼ -16.8% vs 2024
Operating result€-4.08M-€-4.81M▼ 17.8%€-2.46M▲ 48.8%€-476k▲ 80.7%€-1.09M▼ 128%
2021: €-4.08M
2022: €-4.81M▼ -17.8% vs 2021lowest in 5 years
2023: €-2.46M▲ +48.8% vs 2022
2024: €-476k▲ +80.7% vs 2023highest in 5 years
2025: €-1.09M▼ -128% vs 2024
Net result€-4.17M-€-4.87M▼ 16.6%€-1.92M▲ 60.6%€-407k▲ 78.8%€-1.45M▼ 255%
2021: €-4.17M
2022: €-4.87M▼ -16.6% vs 2021lowest in 5 years
2023: €-1.92M▲ +60.6% vs 2022
2024: €-407k▲ +78.8% vs 2023highest in 5 years
2025: €-1.45M▼ -255% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.09M in 2025 against €476k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25.70M
Fixed assets
€12.48M ▼ 4.8%
Current assets
€13.21M ▲ 19.7%
Equity and liabilities €25.70M
Equity
€7.14M ▼ 16.8%
Debt
€18.56M ▲ 19.3%
Debt's share of the balance-sheet total rises from 64.5% to 72.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-20.3%▼
2024 · -4.7%
ROA
-5.6%▼
2024 · -1.7%
Debt ≤ 1 year
€9.22M▲
2024 · €7.03M
Income taxes
€175k▲
2024 · €-86k
Staff costs
€5.11M▼
2024 · €5.47M
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24.14M€25.70M▲
Fixed assets21/28€13.11M€12.48M▼
Intangible fixed assets21€11.97M€11.27M▼
Tangible fixed assets22/27€67k€142k▲
Furniture and vehicles24€67k€142k▲
Financial fixed assets28€1.07M€1.07M▲
Affiliated companies280/1€1.05M€1.05M=
Participating interests280€1.05M€1.05M=
Other financial fixed assets284/8€19k€22k▲
Amounts receivable and cash guarantees285/8€19k€22k▲
Current assets29/58€11.04M€13.21M▲
Amounts receivable within one year40/41€8.21M€8.91M▲
Trade receivables40€7.30M€8.20M▲
Other amounts receivable41€909k€715k▼
Cash at bank and in hand54/58€2.12M€2.69M▲
Deferred charges and accrued income490/1€713k€1.61M▲
Equity and liabilities
Total equity and liabilities10/49€24.14M€25.70M▲
Equity10/15€8.58M€7.14M▼
Contributions10/11€39.06M€39.06M=
Capital10€39.06M€39.06M=
Issued capital100€39.06M€39.06M=
Profit (loss) carried forward14€-30.48M€-31.93M▼
Amounts payable17/49€15.56M€18.56M▲
Amounts payable within one year42/48€7.03M€9.22M▲
Trade debts44€2.51M€4.49M▲
Suppliers440/4€2.51M€4.49M▲
Taxes, remuneration and social security45€728k€938k▲
Taxes450/3€54k€103k▲
Remuneration and social security454/9€674k€835k▲
Other amounts payable47/48€3.79M€3.79M=
Accrued charges and deferred income492/3€8.53M€9.34M▲
Income statement
Code20242025
Operating income70/76A€20.66M€23.19M▲
Turnover70€17.48M€20.40M▲
Own construction capitalised72€2.18M€2.28M▲
Other operating income74€987k€358k▼
Non-recurring operating income76A-€161k
Operating charges60/66A€21.13M€24.28M▲
Goods for resale, raw materials and consumables60€1.29M€1.74M▲
Purchases600/8€1.29M€1.74M▲
Services and other goods61€11.52M€14.33M▲
Remuneration, social security and pensions62€5.47M€5.11M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.72M€3.04M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€97k€11k▼
Other operating charges640/8€42k€45k▲
Non-recurring operating charges66A€6k€1k▼
Operating profit (loss)9901€-476k€-1.09M▼
Financial income75/76B€87k€17▼
Recurring financial income75€87k€17▼
Other financial income752/9€87k€17▼
Financial charges65/66B€104k€184k▲
Recurring financial charges65€104k€184k▲
Debt charges650€29k€25k▼
Other financial charges652/9€75k€160k▲
Profit (loss) for the period before taxes9903€-493k€-1.27M▼
Income taxes67/77€-86k€175k▲
Taxes670/3-€245k
Tax adjustments and reversals of tax provisions77€86k€71k▼
Profit (loss) for the period9904€-407k€-1.45M▼
Profit (loss) for the period to be appropriated9905€-407k€-1.45M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30.48M€-31.93M▼
Profit (loss) brought forward from the previous period14P€-30.08M€-30.48M▼
Social balance
Average headcount (FTE)908748.842.1▼
The notes to these accounts (45 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €11.63M | €18.03M | €18.86M | €20.66M | €23.19M | ▲ 12.3% |
| Turnover70 | €8.91M | €13.49M | €14.28M | €17.48M | €20.40M | ▲ 16.7% |
| Own construction capitalised72 | €2.63M | €3.12M | €2.50M | €2.18M | €2.28M | ▲ 4.3% |
| Other operating income74 | €101k | €1.39M | €2.09M | €987k | €358k | ▼ 63.7% |
| Non-recurring operating income76A | - | €28k | €3k | - | €161k | - |
| Operating charges60/66A | €15.71M | €22.84M | €21.32M | €21.13M | €24.28M | ▲ 14.9% |
| Goods for resale, raw materials and consumables60 | €3.12M | €4.01M | €1.21M | €1.29M | €1.74M | ▲ 35.4% |
| Purchases600/8 | €3.12M | €4.01M | €1.21M | €1.29M | €1.74M | ▲ 35.4% |
| Services and other goods61 | €5.57M | €10.14M | €11.85M | €11.52M | €14.33M | ▲ 24.5% |
| Remuneration, social security and pensions62 | €5.42M | €6.37M | €5.77M | €5.47M | €5.11M | ▼ 6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.44M | €2.21M | €2.37M | €2.72M | €3.04M | ▲ 11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-8k | - | €31k | €97k | €11k | ▼ 88.6% |
| Other operating charges640/8 | €170k | €91k | €101k | €42k | €45k | ▲ 6.1% |
| Non-recurring operating charges66A | - | €15k | - | €6k | €1k | ▼ 82.2% |
| Operating profit (loss)9901 | €-4.08M | €-4.81M | €-2.46M | €-476k | €-1.09M | ▼ 128% |
| Financial income75/76B | €12k | €70k | €47k | €87k | €17 | ▼ 100.0% |
| Recurring financial income75 | €12k | €70k | €47k | €87k | €17 | ▼ 100.0% |
| Income from financial fixed assets750 | - | €31k | - | - | - | - |
| Other financial income752/9 | €12k | €39k | €47k | €87k | €17 | ▼ 100.0% |
| Financial charges65/66B | €106k | €133k | €118k | €104k | €184k | ▲ 77.4% |
| Recurring financial charges65 | €106k | €133k | €118k | €104k | €184k | ▲ 77.4% |
| Debt charges650 | €70k | €32k | €21k | €29k | €25k | ▼ 12.9% |
| Other financial charges652/9 | €36k | €100k | €97k | €75k | €160k | ▲ 112% |
| Profit (loss) for the period before taxes9903 | €-4.17M | €-4.87M | €-2.53M | €-493k | €-1.27M | ▼ 158% |
| Income taxes67/77 | - | - | €-612k | €-86k | €175k | ▲ 304% |
| Taxes670/3 | - | - | - | - | €245k | - |
| Tax adjustments and reversals of tax provisions77 | - | - | €612k | €86k | €71k | ▼ 17.4% |
| Profit (loss) for the period9904 | €-4.17M | €-4.87M | €-1.92M | €-407k | €-1.45M | ▼ 255% |
| Profit (loss) for the period to be appropriated9905 | €-4.17M | €-4.87M | €-1.92M | €-407k | €-1.45M | ▼ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.55M | €19.45M | €21.82M | €24.14M | €25.70M | ▲ 6.4% |
| Fixed assets21/28 | €6.98M | €13.95M | €13.58M | €13.11M | €12.48M | ▼ 4.8% |
| Intangible fixed assets21 | €6.18M | €12.31M | €12.45M | €11.97M | €11.27M | ▼ 5.9% |
| Tangible fixed assets22/27 | €142k | €112k | €71k | €67k | €142k | ▲ 113% |
| Plant, machinery and equipment23 | €11k | €2k | - | - | - | - |
| Furniture and vehicles24 | €131k | €110k | €71k | €67k | €142k | ▲ 113% |
| Financial fixed assets28 | €653k | €1.53M | €1.06M | €1.07M | €1.07M | ▲ 0.3% |
| Affiliated companies280/1 | €646k | €1.52M | €1.05M | €1.05M | €1.05M | = |
| Participating interests280 | €646k | €1.02M | €1.05M | €1.05M | €1.05M | = |
| Amounts receivable281 | - | €500k | - | - | - | - |
| Other financial fixed assets284/8 | €7k | €8k | €7k | €19k | €22k | ▲ 16.0% |
| Amounts receivable and cash guarantees285/8 | €7k | €8k | €7k | €19k | €22k | ▲ 16.0% |
| Current assets29/58 | €4.57M | €5.50M | €8.24M | €11.04M | €13.21M | ▲ 19.7% |
| Amounts receivable within one year40/41 | €2.24M | €2.73M | €6.47M | €8.21M | €8.91M | ▲ 8.6% |
| Trade receivables40 | €1.96M | €2.69M | €5.70M | €7.30M | €8.20M | ▲ 12.3% |
| Other amounts receivable41 | €282k | €35k | €770k | €909k | €715k | ▼ 21.3% |
| Cash at bank and in hand54/58 | €1.88M | €2.28M | €734k | €2.12M | €2.69M | ▲ 27.2% |
| Deferred charges and accrued income490/1 | €445k | €485k | €1.04M | €713k | €1.61M | ▲ 125% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.55M | €19.45M | €21.82M | €24.14M | €25.70M | ▲ 6.4% |
| Equity10/15 | €4.60M | €10.91M | €8.99M | €8.58M | €7.14M | ▼ 16.8% |
| Contributions10/11 | €27.89M | €39.06M | €39.06M | €39.06M | €39.06M | = |
| Capital10 | €27.89M | €39.06M | €39.06M | €39.06M | €39.06M | = |
| Issued capital100 | €27.90M | €39.06M | €39.06M | €39.06M | €39.06M | = |
| Uncalled capital101 | €8k | - | - | - | - | - |
| Reserves13 | €803 | - | - | - | - | - |
| Non-distributable reserves130/1 | €803 | - | - | - | - | - |
| Legal reserve130 | €803 | - | - | - | - | - |
| Profit (loss) carried forward14 | €-23.29M | €-28.16M | €-30.08M | €-30.48M | €-31.93M | ▼ 4.7% |
| Amounts payable17/49 | €6.95M | €8.55M | €12.83M | €15.56M | €18.56M | ▲ 19.3% |
| Amounts payable within one year42/48 | €2.59M | €2.92M | €5.60M | €7.03M | €9.22M | ▲ 31.2% |
| Trade debts44 | €1.37M | €2.21M | €4.77M | €2.51M | €4.49M | ▲ 79.0% |
| Suppliers440/4 | €1.20M | €2.21M | €4.77M | €2.51M | €4.49M | ▲ 79.0% |
| Bills of exchange payable441 | €169k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €1.23M | €714k | €830k | €728k | €938k | ▲ 28.8% |
| Taxes450/3 | €210k | - | €36k | €54k | €103k | ▲ 90.0% |
| Remuneration and social security454/9 | €1.02M | €714k | €794k | €674k | €835k | ▲ 23.9% |
| Other amounts payable47/48 | €7 | - | - | €3.79M | €3.79M | = |
| Accrued charges and deferred income492/3 | €4.35M | €5.63M | €7.23M | €8.53M | €9.34M | ▲ 9.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4.17M | €-4.87M | €-1.92M | €-407k | €-1.45M | ▼ 255% |
| + Depreciation and write-downs630 | €1.44M | €2.21M | €2.37M | €2.72M | €3.04M | ▲ 11.8% |
| Operating cash flow (approximation) | €-2.73M | €-2.66M | €452k | €2.31M | €1.59M | ▼ 31.0% |
| Investment in fixed assets (approximation) | - | €-9.18M | €-2.00M | €-2.24M | €-2.41M | ▼ 7.6% |
| Change in cash | - | €400k | €-1.55M | €1.38M | €576k | ▼ 58.4% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-4.87M
Net result drops to €-4.87M, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €10MEq €10.91M ▲137%
Equity rises from €4.60M to €10.91M.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 125 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 358 days late
2021
31-08
Financial
Liquidity times 11current ratio 1.76
Current ratio from 0.16 to 1.76; short-term debt falls from €15.15M to €2.59M.
31-08
Financial
Equity above €2MEq €4.60M
Equity rises from €-10.94M to €4.60M.
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 33 acts read
About the unread acts
We know of 33 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
33 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, Mechelen · 1 establishment unit since 2011
Ground area
2,600 m²
Building footprint
631 m²
Volume, LiDAR
10,251 m³
Parcel 12403D0078/00A006, Flanders · tallest building 19.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
RYDOO
since 20112.200.343.347
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0078/00A006 | Flanders | 2,600 m² | 1 · 631 m² | 19.7 m · 5 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 19,846 EUR awarded · 19,846 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 720 EUR |
| 2024 | 2 | 3,553 EUR | 2,833 EUR |
| 2023 | 2 | 11,564 EUR | 11,564 EUR |
| 2022 | 1 | 4,729 EUR | 4,729 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
5493001TX43JAUD58M26
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Of 232 companies in sector 64190 we hold annual accounts for 109. 30 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
64190Financial service activities, except insurance and pension funding
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.