VAN DE RYSE
ActiveSummary
VAN DE RYSE has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €355,091 and a net result of €14,786. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 93% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 8.98 against 8.73 in 2024; short-term debt: 11.1% and cash: 53.4% of total assets), and 12.2% of the assets are financed with debt.
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Signals
Seven 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
87.8%
Return on assets
3.7%
Age of the figures
9 mo
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
84 d early
2023
56 d early
2022
16 d late
2021
87 d late
2020
90 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 6 June (4 of the last 5 filed years within 71 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Eghezée, Wholesale and retail trade sector
Equity
€355,091▲ 4.3%
2024 · €340,305
Total assets
€404,304▲ 4.6%
2024 · €386,677
Net result
€14,786▼ 61.2%
2024 · €38,115
Working capital
€359,291▲ 5.0%
2024 · €342,236
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,675▲ 1,095%-€24,219€16,550€42,842▲ 159%€16,932▼ 60.5%
Net result€42,685above the sector's middle half▲ 1,412%-€25,353below the sector's middle half€14,423within the sector's middle half€38,115above the sector's middle half▲ 164%€14,786within the sector's middle half▼ 61.2%
Equity€313,120above the sector's middle half▲ 15.8%€287,767above the sector's middle half▼ 8.1%€302,190above the sector's middle half▲ 5.0%€340,305above the sector's middle half▲ 12.6%€355,091above the sector's middle half▲ 4.3%
Total assets€385,704above the sector's middle half▲ 19.6%€356,898above the sector's middle half▼ 7.5%€358,052above the sector's middle half▲ 0.3%€386,677above the sector's middle half▲ 8.0%€404,304above the sector's middle half▲ 4.6%
Debt€72,583▲ 39.5%€69,131▼ 4.8%€55,862▼ 19.2%€46,372▼ 17.0%€49,213▲ 6.1%
Working capital€304,887above the sector's middle half▲ 18.4%€284,082above the sector's middle half▼ 6.8%€301,853above the sector's middle half▲ 6.3%€342,236above the sector's middle half▲ 13.4%€359,291above the sector's middle half▲ 5.0%
Solvency81.2%above the sector's middle half▼ 2.7pp80.6%above the sector's middle half▼ 0.6pp84.4%above the sector's middle half▲ 3.8pp88.0%above the sector's middle half▲ 3.6pp87.8%above the sector's middle half▼ 0.2pp
Current ratio5.20above the sector's middle half▼ 0.755.11above the sector's middle half▼ 0.096.40above the sector's middle half▲ 1.298.73above the sector's middle half▲ 2.338.98above the sector's middle half▲ 0.25
Return on assets (ROA)11.1%within the sector's middle half▲ 10.2pp-7.1%below the sector's middle half▼ 18.2pp4.0%within the sector's middle half▲ 11.1pp9.9%within the sector's middle half▲ 5.8pp3.7%within the sector's middle half▼ 6.2pp
Staff (FTE)3▲ 66.7%3=2.8▼ 6.7%2.9▲ 3.6%2.8▼ 3.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €404,304
Equity
€355,091 ▲ 4.3%
Debt
€49,213 ▲ 6.1%
Debt's share of the balance-sheet total rises from 12.0% to 12.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,100▼
2024 · €43,011
Cash flow
€14,955▼
2024 · €38,283
Quick ratio
5.53▲
2024 · 4.47
Debt to equity
0.14▲
2024 · 0.14
ROE
4.2%▼
2024 · 11.2%
Interest coverage
25.06▼
2024 · 46.85
Debt ≤ 1 year
€45,013▲
2024 · €44,272
Income taxes
€1,479▼
2024 · €3,811
Staff costs
€61,310▲
2024 · €58,687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €52,726 | €63,724 | €62,093 | €58,687 | €61,310 | ▲ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,713 | €4,548 | €2,539 | €169 | €169 | = |
| Other operating charges640/8 | €1,519 | €1,609 | €980 | €2,292 | €1,275 | ▼ 44.4% |
| Gross operating margin9900 | €106,633 | €45,661 | €82,162 | €103,990 | €79,685 | ▼ 23.4% |
| Operating profit (loss)9901 | €47,675 | -€24,219 | €16,550 | €42,842 | €16,932 | ▼ 60.5% |
| Financial income75/76B | €26 | €131 | €52 | €2 | €15 | ▲ 816% |
| Recurring financial income75 | €26 | €131 | €52 | €2 | €15 | ▲ 816% |
| Financial charges65/66B | €748 | €1,265 | €736 | €918 | €682 | ▼ 25.7% |
| Recurring financial charges65 | €748 | €1,265 | €736 | €918 | €682 | ▼ 25.7% |
| Profit (loss) for the period before taxes9903 | €46,954 | -€25,353 | €15,866 | €41,926 | €16,265 | ▼ 61.2% |
| Income taxes67/77 | €4,269 | - | €1,442 | €3,811 | €1,479 | ▼ 61.2% |
| Profit (loss) for the period9904 | €42,685 | -€25,353 | €14,423 | €38,115 | €14,786 | ▼ 61.2% |
| Profit (loss) for the period to be appropriated9905 | €42,685 | -€25,353 | €14,423 | €38,115 | €14,786 | ▼ 61.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385,704 | €356,898 | €358,052 | €386,677 | €404,304 | ▲ 4.6% |
| Fixed assets21/28 | €8,233 | €3,685 | €337 | €169 | - | - |
| Tangible fixed assets22/27 | €7,424 | €2,876 | €337 | €169 | - | - |
| Land and buildings22 | €2,010 | - | - | - | - | - |
| Plant, machinery and equipment23 | €5,414 | €2,876 | €337 | €169 | - | - |
| Financial fixed assets28 | €809 | €809 | - | - | - | - |
| Current assets29/58 | €377,470 | €353,213 | €357,715 | €386,509 | €404,304 | ▲ 4.6% |
| Stocks and contracts in progress3 | €218,406 | €190,845 | €195,711 | €188,664 | €155,335 | ▼ 17.7% |
| Stocks30/36 | €218,406 | €190,845 | €195,711 | €188,664 | €155,335 | ▼ 17.7% |
| Amounts receivable within one year40/41 | €20,736 | €22,462 | €23,089 | €44,020 | €33,071 | ▼ 24.9% |
| Trade receivables40 | €17,577 | €21,289 | €20,838 | €20,032 | €4,632 | ▼ 76.9% |
| Other amounts receivable41 | €3,159 | €1,173 | €2,251 | €23,988 | €28,438 | ▲ 18.6% |
| Cash at bank and in hand54/58 | €138,328 | €139,906 | €138,915 | €153,824 | €215,898 | ▲ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385,704 | €356,898 | €358,052 | €386,677 | €404,304 | ▲ 4.6% |
| Equity10/15 | €313,120 | €287,767 | €302,190 | €340,305 | €355,091 | ▲ 4.3% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €50,185 | €50,185 | €64,609 | €102,723 | €117,509 | ▲ 14.4% |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Distributable reserves133 | €42,685 | €42,685 | €57,109 | €95,223 | €110,009 | ▲ 15.5% |
| Profit (loss) carried forward14 | €187,935 | €162,582 | €162,582 | €162,582 | €162,582 | = |
| Amounts payable17/49 | €72,583 | €69,131 | €55,862 | €46,372 | €49,213 | ▲ 6.1% |
| Amounts payable within one year42/48 | €72,583 | €69,131 | €55,862 | €44,272 | €45,013 | ▲ 1.7% |
| Trade debts44 | €40,596 | €36,845 | €21,796 | €21,251 | €21,827 | ▲ 2.7% |
| Suppliers440/4 | €40,596 | €36,845 | €21,796 | €21,251 | €21,827 | ▲ 2.7% |
| Taxes, remuneration and social security45 | €29,950 | €28,635 | €16,960 | €23,021 | €23,186 | ▲ 0.7% |
| Taxes450/3 | €20,748 | €19,298 | €13,335 | €14,160 | €19,410 | ▲ 37.1% |
| Remuneration and social security454/9 | €9,201 | €9,337 | €3,626 | €8,862 | €3,776 | ▼ 57.4% |
| Other amounts payable47/48 | €2,038 | €3,651 | €17,105 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,100 | €4,200 | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,685 | -€25,353 | €14,423 | €38,115 | €14,786 | ▼ 61.2% |
| + Depreciation and write-downs630 | €4,713 | €4,548 | €2,539 | €169 | €169 | = |
| Operating cash flow (approximation) | €47,398 | -€20,805 | €16,962 | €38,283 | €14,955 | ▼ 60.9% |
| Investment in fixed assets (approximation) | - | €0 | €809 | €0 | - | - |
| Change in cash | - | €1,579 | -€991 | €14,909 | €62,074 | ▲ 316% |
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
19-06
State Gazette act
Reappointments: Jenny Mathieu, Vande Ryse Dominique and Vande Ryse EricResignation: Vande Ryse Dominique (director)6 facts ▸
State Gazette act
Reappointments: Jenny Mathieu, Vande Ryse Dominique and Vande Ryse Eric
Resignation: Vande Ryse Dominique (director)6 facts ▸
- Director reappointment, Jenny Mathieu (director)
- Director reappointment, Vande Ryse Dominique (director)
- Director reappointment, Vande Ryse Eric (director)
- Director resignation, Vande Ryse Dominique (director)
- Other statement, non-nomination d'un nouvel administrateur, nombre suffisant d'administrateurs encore en fonction
- Other statement, 11:00, clôture de séance
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €14,423
Net result €14,423 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
31-12
Financial
Highest result since 2018net €42,685 ▲1,412%
Operating result €47,675, net result €42,685, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €2,823
Net result €2,823 after 2 loss-making years.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet -€33,392
Net result drops to -€33,392, the lowest in the series; recovery starts the following year.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2025
Jenny Mathieu
CurrentDirector · since 23-05-2022
Vande Ryse Eric
CurrentDirector · since 23-05-2022
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Eghezée · 3 establishment units since 1981
Ground area
1,773 m²
Building footprint
290 m²
Volume, LiDAR
1,773 m³
3 parcels, Wallonia · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Chaussée de Louvain 81, 5310 Eghezée
since 19812.019.678.966
Rue de la Croix 7 9, 5000 Namur
since 19932.019.679.065
LEONIDAS EGHEZEE
since 20132.222.992.550
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92035A0595/00A002 | Wallonia | 1,526 m² | 1 · 138 m² | - |
| 92094C1034/00E000 | Wallonia | 184 m² | 1 · 113 m² | 18.1 m · 5 fl. |
| 92035A0092/00L002 | Wallonia | 62 m² | 1 · 40 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2022, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jenny Mathieu |
|
| Vande Ryse Eric |
|
| Vande Ryse Dominique |
|
Articles of association
Who signs
“2. DÉMISSION D'UN ADMINISTRATEUR L'assemblé générale extraordinaire prend acte de la démission des fonctions d'administrateur présentée par Monsieur Vande Ryse Dominique, Paul, Hector, domiciliée à 4210 Hannêche, rue d'Acosse 1 Cette démission prend cours à partir du 30 juin 2025. L'assemblée décide…”
Full text
2. DÉMISSION D'UN ADMINISTRATEUR L'assemblé générale extraordinaire prend acte de la démission des fonctions d'administrateur présentée par Monsieur Vande Ryse Dominique, Paul, Hector, domiciliée à 4210 Hannêche, rue d'Acosse 1 Cette démission prend cours à partir du 30 juin 2025. L'assemblée décide de ne pas nommer de nouvel administrateur, étant donné le nombre suffisant d'administrateurs encore en fonction. Conformément aux statuts, chaque administrateur est autorisé à poser tout acte de gestion et à représenter la société sauf l'intervention conjointe de deux administrateurs est cependant requise pour l'acquisition ou la vente de biens immeubles, ainsi que pour la conclusion de conventions d'un montant supérieur à 20.000,00€
Board rule
One provision in the deed
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Of 2,605 companies in sector 47551 we hold annual accounts for 1,723. 1,276 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
Founded09-12-1981
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422242285
Also
9925:BE0422242285
Registered
07-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.