What does RICARDO do?

RICARDO is registered with the CBE as active in: Ontwikkeling van niet-residentiële bouwprojecten. Private Limited, started on 10 May 1990, 1 establishment.

What is the address of RICARDO?

The registered office of RICARDO is located at Oostendestraat 341, 8820 Torhout.

Is RICARDO still active?

Yes. According to the CBE (29 October 2026) RICARDO is active, legal situation “Normale toestand”, started on 10 May 1990.

Is RICARDO registered on Peppol?

Yes, RICARDO is registered on the Peppol network with ID 0208:0440571426.

What is the enterprise number of RICARDO?

The enterprise number of RICARDO is BE0440571426.

When was RICARDO founded?

RICARDO was founded on 10 May 1990.

Who are the directors of RICARDO?

According to the 2025 annual accounts, the directors of RICARDO are: VCA INVEST BV, IG MANAGEMENT BV.

Is RICARDO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 May 1990; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did RICARDO make in 2025?

RICARDO posted a profit after taxes of € 199,234 in financial year 2025.

What is the revenue of RICARDO?

As a small company, RICARDO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 375,923.

RICARDO (Private Limited) - Torhout - BE0440571426

Dossier RICARDO, printed on 29 October 2026 from databakkes.be/en/0440571426/ricardo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

11 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

RICARDO from Torhout, company number BE0440571426, closed financial year 2025 with a result of € 199,234 after tax. For that financial year RICARDO recorded a gross margin of € 375,923 and equity of € 252,187. Compared with financial year 2024, the result moved from € -34,493 to € 199,234. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.

What it is worth Growing

€ 252,187

▲ € 199,234 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 199,234

▲ still € 34,493 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 14,784

▼ 9% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € -4,013.

Debts at end 2025

Bank debt ≈ 15 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 3.6 million

▼ 7% vs 2024

€ 152,803 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.

Owed to suppliers

€ 90,763

▲ € 74,188 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 194

▼ 97% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 351,521 Gross margin 2022: € 351,521 First fiscal year in the series	€ 460,677 Gross margin 2023: € 460,677 ▲ 31% vs 2022 (€ 351,521) Favourable step	€ 434,122 Gross margin 2024: € 434,122 ▼ 6% vs 2023 (€ 460,677) Unfavourable step	€ 375,923 Gross margin 2025: € 375,923 ▼ 13% vs 2024 (€ 434,122) Unfavourable step	▼ 13%
Profit after taxes	€ 56,123 Profit after taxes 2022: € 56,123 First fiscal year in the series	€ 43,370 Profit after taxes 2023: € 43,370 ▼ 23% vs 2022 (€ 56,123) Unfavourable step	€ -34,493 Profit after taxes 2024: € -34,493 ▼ € 77,863 vs 2023 (€ 43,370) Unfavourable step	€ 199,234 Profit after taxes 2025: € 199,234 ▲ € 233,727 vs 2024 (€ -34,493) Favourable step	▲ € 233,727
Equity	€ -205,924 Equity 2022: € -205,924 First fiscal year in the series	€ 87,447 Equity 2023: € 87,447 ▲ € 293,370 vs 2022 (€ -205,924) Favourable step	€ 52,953 Equity 2024: € 52,953 ▼ 39% vs 2023 (€ 87,447) Unfavourable step	€ 252,187 Equity 2025: € 252,187 ▲ € 199,234 vs 2024 (€ 52,953) Favourable step	▲ € 199,234
Total debts	€ 8,190,076 Total debts 2022: € 8,190,076 First fiscal year in the series	€ 7,928,756 Total debts 2023: € 7,928,756 ▼ 3% vs 2022 (€ 8,190,076) Favourable step	€ 7,170,320 Total debts 2024: € 7,170,320 ▼ 10% vs 2023 (€ 7,928,756) Favourable step	€ 7,495,208 Total debts 2025: € 7,495,208 ▲ 5% vs 2024 (€ 7,170,320) Unfavourable step	▲ 5%
Cash	€ 366 Cash 2022: € 366 First fiscal year in the series	€ 316,086 Cash 2023: € 316,086 ▲ € 315,720 vs 2022 (€ 366) Favourable step	€ 16,280 Cash 2024: € 16,280 ▼ 95% vs 2023 (€ 316,086) Unfavourable step	€ 14,784 Cash 2025: € 14,784 ▼ 9% vs 2024 (€ 16,280) Unfavourable step	▼ 9%
Land & buildings	€ 1,204,481 Land & buildings 2022: € 1,204,481 First fiscal year in the series	€ 1,204,481 Land & buildings 2023: € 1,204,481 Unchanged (€ 1,204,481) Unchanged	€ 404,192 Land & buildings 2024: € 404,192 ▼ 66% vs 2023 (€ 1,204,481) Unchanged	€ 404,192 Land & buildings 2025: € 404,192 Unchanged (€ 404,192) Unchanged
Retained profit	€ -212,124 Retained profit 2022: € -212,124 First fiscal year in the series	€ -168,753 Retained profit 2023: € -168,753 ▲ € 43,370 vs 2022 (€ -212,124) Favourable step	€ -203,247 Retained profit 2024: € -203,247 ▼ € 34,493 vs 2023 (€ -168,753) Unfavourable step	€ -4,013 Retained profit 2025: € -4,013 ▲ € 199,234 vs 2024 (€ -203,247) Favourable step	▲ € 199,234
Bank debt	€ 4,406,963 Bank debt 2022: € 4,406,963 First fiscal year in the series	€ 4,138,244 Bank debt 2023: € 4,138,244 ▼ 6% vs 2022 (€ 4,406,963) Favourable step	€ 3,886,575 Bank debt 2024: € 3,886,575 ▼ 6% vs 2023 (€ 4,138,244) Favourable step	€ 3,630,935 Bank debt 2025: € 3,630,935 ▼ 7% vs 2024 (€ 3,886,575) Favourable step	▼ 7%
Balance sheet total	€ 7,984,152 Balance sheet total 2022: € 7,984,152 First fiscal year in the series	€ 8,016,203 Balance sheet total 2023: € 8,016,203 Unchanged (€ 7,984,152) Unchanged	€ 7,223,273 Balance sheet total 2024: € 7,223,273 ▼ 10% vs 2023 (€ 8,016,203) Unchanged	€ 7,747,395 Balance sheet total 2025: € 7,747,395 ▲ 7% vs 2024 (€ 7,223,273) Unchanged	▲ 7%

Key figures of RICARDO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to RICARDO?

What happened at RICARDO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 29, 2026 New annual accounts for financial year 2025: profit of € 199,234. Source: NBB ↗
2023 VCA INVEST BV became a director. NBB
2023 IG MANAGEMENT BV became a director. NBB
May 28, 1990 New establishment in Torhout. KBO
May 10, 1990 Start of the company according to the CBE. KBO

In short

From € 56,123 profit in 2022 to € 199,234 profit in 2025.

Best year ever: 2025, with € 199,234 profit.

Original PDFs at the National Bank ↗

Management

VCA INVEST BV IG MANAGEMENT BV

GRYSON WEST COAST BUILDING COMPANY

Project Meiboom

De Blauwe Zwaan

RICARDO

Behind RICARDO are VCA INVEST BV and IG MANAGEMENT BV. The same people are also behind GRYSON WEST COAST BUILDING COMPANY, De Blauwe Zwaan and IG CONCEPT. VCA INVEST BV is also behind Project Meiboom, Robur Capital, CASA BOUW HOLDING, ILEX and CASA HOLDING.

Directors

According to the 2025 annual accounts

VCA INVEST BV

Director · represented by VERMEERSCH CARLO

Also active at: GRYSON WEST COAST BUILDING COMPANY, Project Meiboom, Robur Capital, CASA BOUW HOLDING, ILEX, CASA HOLDING, De Blauwe Zwaan, IG CONCEPT

since 2023

IG MANAGEMENT BV

Director · represented by GRYSON ISABEL

Also active at: GRYSON WEST COAST BUILDING COMPANY, De Blauwe Zwaan, IG CONCEPT

since 2023

Establishments

Establishment units

Physical locations of this company

Registered office

Oostendestraat 341

8820 Torhout

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.

All companies at this address →

Immotor

€ -87,374 gross margin · 2025

GRYSON WEST COAST BUILDING COMPANY same network

€ 1.2 million gross margin · 2025

C&N Invest

€ -14,106 gross margin · 2025

TEX PROJECT 1

€ -2,214 gross margin · 2025

IG Management same network

€ -2,444 gross margin · 2025

+6 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0440.571.426

VAT number

BE 0440.571.426

Registered office

Oostendestraat 341, 8820 Torhout

Names & denominations

RICARDO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

10 May 1990

Peppol

Active · Active since 11 Sept 2025

Activities · NACE

Ontwikkeling van niet-residentiële bouwprojecten

Ontwikkeling van residentiële bouwprojecten

Overige zakelijke dienstverlening, neg

Bemiddeling in verband met exploitatie van en handel in onroerend goed

Handel in eigen onroerend goed

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis

View on CBE Public ↗ Annual accounts (NBB) ↗

RICARDO

Warning lights

Financials

What happened to RICARDO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions