Rinoo · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Rinoo is 0.6% (low). The 2025 annual accounts show equity of €253k and a net result of €1k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 1078 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	04-05-2026	88 d early	2026-00100117
31-12-2024	31-07-2025	18-06-2025	43 d early	2025-00148688
31-12-2023	31-07-2024	05-07-2024	26 d early	2024-00210490
31-12-2022	31-07-2023	10-07-2023	21 d early	2023-00219454
31-12-2021	31-07-2022	04-08-2022	4 d late	2022-20269150
31-12-2020	31-07-2021	07-07-2021	24 d early	2021-32500600
31-12-2019	31-07-2020	09-07-2020	22 d early	2020-28100229
31-12-2018	31-07-2019	31-07-2019	on the day	2019-41600050
31-12-2017	31-07-2018	04-07-2018	27 d early	2018-28700504
31-12-2016	31-07-2017	01-08-2017	1 d late	2017-40200315

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2016, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Higher-failure-rate region +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€1k-44.6%

Working capital€298k-28.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 04-05-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~20.1%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	57.7%	42.2%	better than 67% of 1078 sector peers
Net result	€1k	€11k	better than 25% of 1079 sector peers
Equity	€253k	€35k	better than 95% of 1080 sector peers
Gross operating margin	€5k	€30k	better than 16% of 1078 sector peers
Total assets	€439k	€96k	better than 90% of 1078 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P67

Improving position over 2020-2025 · n=441-3827

Net result P25

Weakening position over 2020-2025 · n=438-3824

Equity P95

Improving position over 2020-2025 · n=443-3832

Gross operating margin P16

Weakening position over 2020-2025 · n=439-3822

Describes the position versus peers, not a forecast.

EBITDA

€11k

-39.9% 18-25

Net profit

€1k

-44.6% 18-25

Cash flow

€11k

-28.5% 18-25

Total assets

€439k

-28.3% 18-25

Equity

€253k

-32.7% 18-25

Working capital

€298k

-28.9% 18-25

Income taxes

€598

-11.6% 18-25

Debt

€181k

-19.3% 18-25

Debt ≤ 1y

€140k

-22.9% 18-25

Debt > 1y

€40k

0.0% 18-25

Current ratio

3.13

-5.5% 18-25

Quick ratio

3.12

-4.7% 18-25

Solvency

57.7%

-6.1% 18-25

Debt / equity

0.72

+19.8% 18-25

ROE

0.4%

-17.7% 18-25

ROA

0.2%

-22.7% 18-25

Interest coverage

6.10

-6.7% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€11k
Net profit	€1k
Cash flow	€11k
Staff costs	-
Income taxes	€598
Dividends	-
Total assets	€439k
Equity	€253k
Debt	€181k
of which ≤ 1y	€140k
of which > 1y	€40k
Working capital	€298k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	3.13
Quick ratio	3.12
Working capital ratio	67.8%
Solvency	57.7%
Debt / equity	0.72
Long-term debt ratio	0.16
Interest coverage	6.10
Gross margin	-
Net margin	-
ROA	0.2%
ROE	0.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €2k · 0.5% Current assets €437k · 99.5%

Equity & liabilities

Equity €253k · 57.7% Provisions €5k · 1.1% Debt €181k · 41.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€439k
Fixed assets	21/28	€2k
Tangible fixed assets	22/27	€2k
Current assets	29/58	€437k
Stocks & contracts in progress	3	€2k
Amounts receivable within one year	40/41	€204k
Cash & bank	54/58	€228k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€439k
Equity	10/15	€253k
Contributions / capital	10/11	€45k
Reserves	13	€500
Accumulated profits (losses)	14	€30k
Provisions & deferred taxes	16	€5k
Amounts payable	17/49	€181k
Amounts payable after one year	17	€40k
Amounts payable within one year	42/48	€140k
Trade debts payable within one year	44	€51k
Income statement
Gross operating margin	9900	€5k
Operating result	9901	€1k
Financial income	75	€2k
Financial charges	65	€2k
Result before taxes	9903	€2k
Income taxes	67/77	€598
Net result for the period	9904	€1k
Result to be appropriated	9905	€1k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

83 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

4 directors

Current directors & mandates

Vadim Tincu
Director
State Gazette act 24179812 (24-12-2024)

Current
24-12-2024 → present
Antoine Richir
Director
State Gazette act 23023023 (16-02-2023)

Current
16-02-2023 → present
2 events
- 16-02-2023 Appointed· Director
- 16-02-2023 Appointed· Managing director
Artem Grynchuk
Director
State Gazette act 23023023 (16-02-2023)

Current
16-02-2023 → present
2 events
- 16-02-2023 Appointed· Director
- 16-02-2023 Appointed· Managing director

Former directors (1)

Nicolas Richir
Director
State Gazette act 23163916 (21-12-2023)

Former
- → 04-12-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Cooperative company(706)
Incorporation	14-06-2016
Status	Active
Postal code	1030

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

2 locations

Rinoo

Maarschalk Fochlaan 10, 1030 SchaarbeekAlgemene bouw van residentiële gebouwen

since 20162.253.796.384

Rinoo

Rue du Stordoir, Sauv. 16, 5030 GemblouxInzameling van ongevaarlijk afval

since 20242.361.214.184

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area506 m²

Buildings2

Building footprint206 m²

Volume (LiDAR)1,257 m³

Tallest building19.0 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92253B0471/00R000	Wallonia	278 m²	1 · 112 m²	-
21910E0152/00Y008	Brussels	228 m²	1 · 95 m²	19.0 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

6 acts

All acts · 6 updated 5 months ago

2026

11-03-2026 Ihor Hrynchuk appointed as director Director changes

Ihor Hrynchuk, Bestuurder

Original publication ↗

2024

24-12-2024 Vadim Tincu appointed as director Director changes

Vadim Tincu, Bestuurder

Summary: v3.2

Original publication ↗

11-01-2024 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

2023

21-12-2023 Nicolas Richir resigns as director Director changes

Nicolas Richir, Bestuurder

Summary: v3.2

Original publication ↗

16-02-2023 4 directors appointed Director changes

Antoine Richir, Bestuurder
Antoine Richir, Gedelegeerd bestuurder
Artem Grynchuk, Bestuurder
Artem Grynchuk, Gedelegeerd bestuurder

Summary: v3.2

Original publication ↗

2016

16-06-2016 Incorporation of a new SNC Incorporation

Summary: oprichting

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

72 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 2

Solvency 98

Growth 78

Stability 100

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