RYNGAERT
ActiveRYNGAERT has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €997k and a net result of €137k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 1220 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-7
Solvency79▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.9 in 2023; short-term debt: 38.9% and cash: 10.4% of total assets), and 46.1% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
53.9%
Return on assets
7.4%
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 27-08-2025, 27 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
27 d late
2023
5 d late
2022
9 d late
2021
31 d early
2020
30 d late
2019
64 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€997k▲ 11.9%
2023 · €891k
2018: €328k
2019: €411k
2020: €492k
2021: €550k
2022: €689k
2023: €891k
2018 → 2024
Total assets
€1.85M▲ 10.3%
2023 · €1.68M
2018: €1.68M
2019: €1.73M
2020: €1.69M
2021: €1.62M
2022: €1.88M
2023: €1.68M
2018 → 2024
Net result
€137k▼ 37.7%
2023 · €220k
2018: €37k
2019: €57k
2020: €78k
2021: €59k
2022: €142k
2023: €220k
2018 → 2024
Working capital
€713k▲ 11.0%
2023 · €643k
2018: €145k
2019: €177k
2020: €255k
2021: €303k
2022: €434k
2023: €643k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€492k-€550k▲ 12.0%€689k▲ 25.2%€891k▲ 29.4%€997k▲ 11.9%
Operating result€129k-€95k▼ 26.3%€208k▲ 118%€320k▲ 54.1%€194k▼ 39.3%
Net result€78k-€59k▼ 24.8%€142k▲ 142%€220k▲ 55.0%€137k▼ 37.7%
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 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.85M
Fixed assets
€416k▲ 30.1%
Current assets
€1.43M▲ 5.7%
Equity and liabilities €1.85M
Equity
€997k▲ 11.9%
Provisions
€8k▼ 18.7%
Debt
€844k▲ 8.9%
The debt ratio falls from 46.3% to 45.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€270k▼
2023 · €400k
Cash flow
€213k▼
2023 · €300k
Solvency
53.9%▲
2023 · 53.2%
Current ratio
1.99▲
2023 · 1.90
Quick ratio
1.17▼
2023 · 1.23
Debt / equity
0.85▼
2023 · 0.87
ROE
13.8%▼
2023 · 24.7%
ROA
7.4%▼
2023 · 13.1%
Interest coverage
12.73▲
2023 · 12.11
Debt
€844k▲
2023 · €775k
Debt ≤ 1 year
€720k▲
2023 · €713k
Debt > 1 year
€124k▲
2023 · €62k
Income taxes
€40k▼
2023 · €71k
Staff costs
€458k▼
2023 · €481k
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€1.68M€1.85M▲
Fixed assets21/28€320k€416k▲
Tangible fixed assets22/27€320k€416k▲
Land and buildings22€114k€102k▼
Plant, machinery and equipment23€27k€21k▼
Furniture and vehicles24€6k€26k▲
Leasing and similar rights25€173k€267k▲
Current assets29/58€1.36M€1.43M▲
Stocks and contracts in progress3€477k€590k▲
Stocks30/36€477k€590k▲
Amounts receivable within one year40/41€788k€640k▼
Trade receivables40€788k€640k▼
Other amounts receivable41€40€40=
Cash at bank and in hand54/58€81k€193k▲
Deferred charges and accrued income490/1€9k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.68M€1.85M▲
Equity10/15€891k€997k▲
Contributions10/11€70k€70k=
Reserves13€158k€153k▼
Tax-exempt reserves132€26k€21k▼
Distributable reserves133€132k€132k=
Profit (loss) carried forward14€664k€775k▲
Provisions and deferred taxes16€10k€8k▼
Deferred taxes168€10k€8k▼
Amounts payable17/49€775k€844k▲
Amounts payable after more than one year17€62k€124k▲
Financial debts170/4€62k€124k▲
Amounts payable within one year42/48€713k€720k▲
Current portion of amounts payable after more than one year42€117k€121k▲
Financial debts43€200k€150k▼
Credit institutions430/8€200k€150k▼
Trade debts44€278k€334k▲
Suppliers440/4€278k€334k▲
Taxes, remuneration and social security45€93k€91k▼
Taxes450/3€29k€20k▼
Remuneration and social security454/9€64k€70k▲
Other amounts payable47/48€24k€24k▼
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€481k€458k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€76k▼
Other operating charges640/8€12k€13k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€895k€742k▼
Operating profit (loss)9901€320k€194k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€33k€21k▼
Recurring financial charges65€33k€21k▼
Profit (loss) for the period before taxes9903€289k€176k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€71k€40k▼
Profit (loss) for the period9904€220k€137k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€226k€143k▼
Appropriation of the result
Profit (loss) to be appropriated9906€682k€806k▲
Profit (loss) brought forward from the previous period14P€456k€664k▲
Profit to be distributed694/7€18k€31k▲
Return on contributions (dividend)694€14k€29k▲
Employees696€4k€2k▼
Social balance
Average headcount (FTE)90876.35.3▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
31-12
Financial
Highest result since 2018net €220k ▲55%
Operating result €320k, net result €220k, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €550k ▲12%
4 profitable years in a row build equity to €550k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 64 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 49 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 46 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Niel · 1 establishment unit since 1976
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.
Tunnelweg 122845 NielGround area
700 m²
Building footprint
186 m²
Volume, LiDAR
607 m³
Parcel 11030C0314/00W000, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RYNGAERT BVBA
since 19762.012.665.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030C0314/00W000 | Flanders | 700 m² | 1 · 186 m² | 4.6 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300YL8SS3Q1XANP69
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
Metal Service Belgium
BE 0671.810.914
Aalter · Eq €999k
METAALCONSTRUCTIES POUILLIERS
BE 0400.910.205
Halle · Eq €1,000k
DEBA SYSTEMS
BE 0427.592.232
Zulte · Eq €994k
QUINTYN GEBROEDERS
BE 0880.869.965
Zulte · Eq €993k
SERCO-CONSTRUCT
BE 0883.934.076
Maldegem · Eq €991k
Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 1,347 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-1976
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
28110
28520
25999Manufacture of fabricated metal products, except machinery and equipment
46841Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.