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 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RYCO from Lievegem, company number BE0827780578, closed financial year 2025 with a result of € 51,124 after tax. For that financial year RYCO recorded a gross margin of € 264,582 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 19,407 to € 51,124. 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 April 8, 2026.
€ 1.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,124
▲ 163% vs 2024
Profit after tax over the fiscal year.
€ 1,346
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,046 paid out
98 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
1
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 59,836
▲ 15% vs 2024
€ 59,800 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.
€ 30,141
▲ € 23,272 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 406,206
▼ 19% vs 2024
€ 71,841 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 5,533
▲ 122% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,076
▲ 45% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 340,426 | € 243,533 | € 227,500 | € 264,582 | ▲ 16% |
| Profit after taxes | € 98,518 | € 51,443 | € 19,407 | € 51,124 | ▲ 163% |
| Equity | € 1,282,037 | € 1,333,480 | € 1,352,886 | € 1,353,964 | |
| Total debts | € 760,344 | € 678,261 | € 568,143 | € 437,746 | ▼ 23% |
| Cash | € 2,013 | € 1,654 | € 1,260 | € 1,346 | ▲ 7% |
| Land & buildings | € 2,014,935 | € 2,008,609 | € 1,889,426 | € 1,774,185 | ▼ 6% |
| Retained profit | € 855,651 | € 907,094 | € 926,500 | € 927,578 | |
| Dividend | € 44,839 | € 0 | € 0 | € 50,046 | |
| Bank debt | € 709,817 | € 598,469 | € 504,282 | € 406,206 | ▼ 19% |
| Balance sheet total | € 2,076,900 | € 2,044,267 | € 1,951,562 | € 1,820,249 | ▼ 7% |
| Employees (FTE) | 1.8 | 0.9 | 0.9 | 1 | ▲ 0.1 |
Key figures of RYCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to RYCO?
What happened at RYCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 51,124 (▲ 163% vs 2024). Source: NBB ↗
- Koen De Rycke became a director. NBB
- New establishment in Lievegem. KBO
- Start of the company according to the CBE. KBO
- Kathleen Vervust became a director. NBB
In short
From € 98,518 profit in 2022 to € 51,124 profit in 2025.
Paid € 26,078 in corporate taxes since 2022.
Best year ever: 2022, with € 98,518 profit.
On average € 264,600 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind RYCO are Koen De Rycke and Kathleen Vervust. Koen De Rycke is also behind ArchiOtec.
Directors
According to the 2025 annual accounts
since 2019
Kathleen Vervust
Director
since 2010
Establishments
Establishment units
Physical locations of this company
Neerstraat 8
9921 Lievegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0827.780.578
- VAT number
- BE 0827.780.578
- Registered office
- Neerstraat 8, 9921 Lievegem
- Names & denominations
- RYCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 July 2010
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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