ACTIVE

RIC

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Financial year 2025 · closed on 30/09/2025

Net result

343,9 k €

-27.7% YoY

Revenue

14,6 M €

+8.9% YoY

Equity

5,3 M €

+6.9% YoY

Workforce

66,6 ETP

+18.9% YoY

What does RIC do?

RIC is a Private limited company incorporated in 1986. Its registered office is in Kortrijk. It employs on average 66,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.603.012

Incorporation

05/03/1986

Legal form

Private limited company

Registered office

President Kennedypark(Kor) 6
8500 Kortrijk · FlandreSee on map

Contributed capital

56 000,00 €

Latest accounts

30/09/2025

Average workforce

66,6 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	14,6 M €	+8.9%	13,4 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	1,4 M €	-7.1%	1,5 M €	+6.4%	1,4 M €	+21.9%	1,2 M €	-7.2%	1,3 M €	+13.8%	1,1 M €	-0.6%	1,1 M €	+8.8%	1 M €	+1.6%	1 M €	+68.1%	595,6 k €	+3.0%	578,5 k €	-6.6%	619,2 k €	-16.8%	744,1 k €	+5.4%	706 k €	-5.3%	745,9 k €	+12.5%	662,8 k €	-11.4%	747,9 k €	+52.3%	491,2 k €	-17.5%	595 k €	+138%	249,5 k €
Operating result	606,6 k €	-27.8%	840,7 k €	-15.4%	994,3 k €	+19.1%	835 k €	-4.6%	874,9 k €	+0.1%	873,6 k €	+6.8%	817,8 k €	+2.3%	799,6 k €	-0.3%	802 k €	+107%	388 k €	-1.6%	394,4 k €	-6.9%	423,7 k €	-21.6%	540,1 k €	+77.5%	304,2 k €	-24.1%	401 k €	+46.4%	273,8 k €	+10.6%	247,7 k €	-18.9%	305,4 k €	-32.6%	453 k €	+236%	134,6 k €
Net result	343,9 k €	-27.7%	475,4 k €	-39.5%	785,9 k €	+22.1%	643,5 k €	-2.1%	657,6 k €	+6.7%	616,4 k €	+3.7%	594,7 k €	+18.5%	502 k €	-9.3%	553,4 k €	+85.8%	297,9 k €	+13.8%	261,8 k €	-14.2%	305,1 k €	-20.0%	381,6 k €	+113%	179,3 k €	-44.9%	325,3 k €	+35.2%	240,6 k €	+45.3%	165,6 k €	-10.1%	184,2 k €	-39.4%	303,9 k €	+296%	76,8 k €
Balance sheet
Equity	5,3 M €	+6.9%	5 M €	+10.6%	4,5 M €	+5.1%	4,3 M €	+16.9%	3,7 M €	+20.7%	3 M €	+14.3%	2,7 M €	+26.9%	2,1 M €	+15.2%	1,8 M €	+24.1%	1,5 M €	+25.5%	1,2 M €	-3.2%	1,2 M €	+20.5%	1 M €	+13.8%	878,7 k €	+25.6%	699,3 k €	-30.5%	1 M €	+31.4%	765,4 k €	+27.6%	599,8 k €	-2.6%	615,7 k €	+20.3%	511,7 k €
Total assets	12,2 M €	+1.8%	12 M €	+0.2%	11,9 M €	+26.3%	9,5 M €	+20.7%	7,8 M €	+69.5%	4,6 M €	+15.5%	4 M €	-9.4%	4,4 M €	+25.4%	3,5 M €	+15.1%	3,1 M €	-7.6%	3,3 M €	+35.2%	2,5 M €	+6.4%	2,3 M €	+17.4%	2 M €	-23.3%	2,6 M €	-14.8%	3 M €	+3.7%	2,9 M €	+11.3%	2,6 M €	+23.1%	2,1 M €	+1.1%	2,1 M €
Cash	991,9 k €	-2.7%	1 M €	-36.7%	1,6 M €	-30.4%	2,3 M €	+33.3%	1,7 M €	-3.6%	1,8 M €	+44.4%	1,2 M €	+76.6%	705,8 k €	-29.1%	995,3 k €	+63.5%	608,6 k €	+0.3%	606,7 k €	-26.3%	822,9 k €	+103%	406 k €	+54.9%	262 k €	-43.3%	462 k €	+270%	124,8 k €	+27.7%	97,7 k €	-39.1%	160,3 k €	+78.7%	89,7 k €	+85.4%	48,4 k €
Debts	6,8 M €	+0.2%	6,7 M €	-6.9%	7,2 M €	+53.3%	4,7 M €	+16.1%	4,1 M €	+171%	1,5 M €	+17.4%	1,3 M €	-40.4%	2,1 M €	+53.1%	1,4 M €	+8.9%	1,3 M €	-34.4%	2 M €	+83.5%	1,1 M €	-10.6%	1,2 M €	+24.2%	962,7 k €	-42.1%	1,7 M €	-11.9%	1,9 M €	-7.0%	2 M €	+10.9%	1,8 M €	+31.8%	1,4 M €	-9.3%	1,5 M €
Other
Workforce	66,6 ETP	+18.9%	56,0 ETP	+11.6%	50,2 ETP	+29.4%	38,8 ETP	0.0%	38,8 ETP	+20.5%	32,2 ETP	+15.8%	27,8 ETP	+11.6%	24,9 ETP	+11.2%	22,4 ETP	+7.7%	20,8 ETP	+18.9%	17,5 ETP	+0.6%	17,4 ETP	+15.2%	15,1 ETP	+4.1%	14,5 ETP	+4.3%	13,9 ETP	0.0%	13,9 ETP	+11.2%	12,5 ETP	+12.6%	11,1 ETP	+12.1%	9,9 ETP	+28.6%	7,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 15 ended

Active mandates

CIMA Consultancy

Director · 0832.057.288

Represented by Tom Sandra

Active

VITATEK

Director · 0832.056.102

Represented by Koen Sandra

Active

Ended mandates

CIMA Consultancy

Manager · since 14 février 2011 · 0832.057.288

Represented by Tom Sandra

Ended

Koen Sandra

Manager · since 14 février 2011

Ended

VITATEK

Manager · since 14 février 2011 · 0832.056.102

Represented by Koen Sandra

Ended

Tom Sandra

Manager · since 09 novembre 2007

Ended

At this address

Other companies at this address

Company	CBE no.
Koninklijke Vereniging Racing Club Zuid West - Vlaanderen● Liquidation	0407.764.937
Théofiel Callens en Zonen● Liquidation	0406.194.725
VAN GELUWE - ISEBAERT● Liquidation	0405.450.991

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/05/2026	29/04/2025	29/04/2024	28/04/2023	30/04/2022	30/04/2021
General meeting	23/02/2026	24/02/2025	26/02/2024	27/02/2023	28/02/2022	22/02/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	23/02/2026	26/05/2026	Dutch	PDF
Full model	30/09/2024	24/02/2025	29/04/2025	Dutch	PDF
Abridged model	30/09/2023	26/02/2024	29/04/2024	Dutch	PDF
Abridged model	30/09/2022	27/02/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	28/02/2022	30/04/2022	Dutch	PDF
Abridged model	30/09/2020	22/02/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	24/02/2020	23/04/2020	Dutch	PDF
Abridged model	30/09/2018	25/02/2019	02/04/2019	Dutch	PDF
Abridged model	30/09/2017	26/02/2018	29/03/2018	Dutch	PDF
Abridged model	30/09/2016	07/03/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	01/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	23/02/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	17/03/2014	03/04/2014	Dutch	PDF
Abridged model	30/09/2012	12/04/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	06/03/2012	30/03/2012	Dutch	PDF
Abridged model	30/09/2010	01/03/2011	04/04/2011	Dutch	PDF
Abridged model	30/09/2009	02/03/2010	24/06/2010	Dutch	PDF
Abridged model	30/09/2008	03/03/2009	11/05/2009	Dutch	PDF
Abridged model	30/09/2007	28/03/2008	24/04/2008	Dutch	PDF
Abridged model	30/09/2006	06/03/2007	24/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 15 ended

Active mandates

CIMA Consultancy

Director · 0832.057.288

Represented by Tom Sandra

Active

VITATEK

Director · 0832.056.102

Represented by Koen Sandra

Active

Ended mandates

CIMA Consultancy

Manager · since 14 février 2011 · 0832.057.288

Represented by Tom Sandra

Ended

Koen Sandra

Manager · since 14 février 2011

Ended

VITATEK

Manager · since 14 février 2011 · 0832.056.102

Represented by Koen Sandra

Ended

Tom Sandra

Manager · since 09 novembre 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/11/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other03/10/2013
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/05/2006
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025343,9 k €↓
2024
Annual accounts 2024475,4 k €↓
2023
Annual accounts 2023785,9 k €↑
2022
Annual accounts 2022643,5 k €↓
2021
Annual accounts 2021657,6 k €↑
2020
Annual accounts 2020616,4 k €↑
2019
Annual accounts 2019594,7 k €↑
2018
Annual accounts 2018502 k €↓
2017
Annual accounts 2017553,4 k €↑
2016
Annual accounts 2016297,9 k €↑
2015
Annual accounts 2015261,8 k €↓
2014
Annual accounts 2014305,1 k €↓
2013
Annual accounts 2013381,6 k €↑
2012
Annual accounts 2012179,3 k €↓
2011
Annual accounts 2011325,3 k €↑
2010
Annual accounts 2010240,6 k €↑
2009
Annual accounts 2009165,6 k €↓
2008
Annual accounts 2008184,2 k €↓
2007
Annual accounts 2007303,9 k €↑
2006
Annual accounts 200676,8 k €
05/03/1986
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RIC

Overview

What does RIC do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline