Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Rhea Ingredients from Hulshout, company number BE0782519586, closed financial year 2026 with a result of € 522,707 after tax. For that financial year Rhea Ingredients recorded revenue of € 558,901 and equity of € 11.6 million. Compared with financial year 2025, the result moved from € 499,663 to € 522,707. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 11.6 million
▲ 4% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 522,707
▲ 5% vs 2025
Profit after tax over the fiscal year.
€ 12,528
▼ 10% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 47,191 paid out
9 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
1
Average over the fiscal year, from the social balance sheet.
€ 84,995
▲ 4% vs 2025
€ 85,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2026
€ 4 million
▼ 8% vs 2025
€ 446,000 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 36,208
▲ 12% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.
€ 19,237
▲ 3% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 559,000 | € 516,000 | € 516,000 | € 558,901 | ▲ 8% |
| Profit after taxes | € 5,265,913 | € 389,839 | € 499,663 | € 522,707 | ▲ 5% |
| Equity | € 10,265,913 | € 10,655,752 | € 11,112,513 | € 11,588,029 | ▲ 4% |
| Total debts | € 5,142,276 | € 4,754,797 | € 4,433,104 | € 4,080,141 | ▼ 8% |
| Cash | € 21,918 | € 12,922 | € 13,852 | € 12,528 | ▼ 10% |
| Retained profit | € 5,265,913 | € 5,655,752 | € 6,112,513 | € 6,588,029 | ▲ 8% |
| Dividend | € 0 | € 0 | € 42,901 | € 47,191 | ▲ 10% |
| Bank debt | € 5,060,824 | € 4,693,724 | € 4,328,990 | € 3,966,685 | ▼ 8% |
| Balance sheet total | € 15,408,189 | € 15,410,549 | € 15,545,617 | € 15,668,169 | ▲ 1% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of Rhea Ingredients, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Rhea Ingredients?
What happened at Rhea Ingredients in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 522,707 (▲ 5% vs 2025). Source: NBB ↗
- New establishment in Hulshout. KBO
- AxGi CommV became a director. NBB
- Brewsette BV became a director. NBB
- MBAA Investments LTD (B.O.) became a director. NBB
- IB Logics BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5.3 million profit in 2023 to € 522,707 profit in 2026.
Best year ever: 2023, with € 5.3 million profit.
Paid out € 90,093 in dividends to the owners in total.
Pays suppliers within 42 days on average.
Management
Behind Rhea Ingredients are AxGi CommV, Brewsette BV, MBAA Investments LTD (B.O.) and IB Logics BV. It owns 100% of Immo Herbafrost itself.
Directors
According to the 2026 annual accounts
Director · represented by Windey Bart
since 2022
since 2022
Director · represented by Kestemont Michaël
Also active at: HERBAFROST, IMMO HERBAFROST
since 2022
Director · represented by Vanden Bempt Vincent
Also active at: HERBAFROST, IMMO HERBAFROST, TASCO, Steki
since 2022
Establishments
Establishment units
Physical locations of this company
Industriepark 19 box zone A2
2235 Hulshout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0782.519.586
- VAT number
- BE 0782.519.586
- Registered office
- Industriepark 19 bus zone A2, 2235 Hulshout
- Names & denominations
- Rhea Ingredients
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 2022
- Peppol
- Active · Active since 6 Feb 2026
- Activities · NACE
Activiteiten van holdings
Holdings
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