ACTIVE

R-LETTERS

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Financial year 2025 · closed on 31/12/2025

Net result

-6,4 k €

-23.0% YoY

Gross margin

525,9 €

-81.3% YoY

Equity

49,4 k €

-11.5% YoY

What does R-LETTERS do?

R-LETTERS is a Private limited company incorporated in 1988. Its main activity is: Printing of newspapers. Its registered office is in Berlaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.356.705

Incorporation

11/02/1988

Legal form

Private limited company

Registered office

Itegembaan 71
2590 Berlaar · FlandreSee on map

Contributed capital

63 981,32 €

Latest accounts

31/12/2025

Activities (NACE)

18110Printing of newspapers· main 18110Printing of newspapers 22210Manufacture of plastic plates, sheets, tubes and profiles 22150Manufacture of rubber products 58190Other publishing activities 58190Other publishing activities

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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
Gross margin	525,9 €	-81.3%	2,8 k €	-59.2%	6,9 k €	-20.2%	8,7 k €	-86.2%	62,6 k €	+570%	-13,3 k €	-147%	28,4 k €	-36.1%	44,4 k €	+16.4%	38,1 k €	-14.3%	44,5 k €	+38.6%	32,1 k €	-44.9%	58,3 k €	+21.2%	48,1 k €	+7.2%	44,9 k €	+30.7%	34,3 k €	+73.6%	19,8 k €	-30.4%	28,4 k €	-25.0%	37,9 k €	+7.2%	35,3 k €	-35.7%	55 k €
EBITDA	525,9 €	-81.3%	2,8 k €	-59.2%	6,9 k €	-16.2%	8,3 k €	-86.8%	62,6 k €	+526%	-14,7 k €	-155%	26,9 k €	-13.9%	31,2 k €	-8.0%	33,9 k €	+3.4%	32,8 k €	+19.5%	27,4 k €	-50.1%	54,9 k €	+27.5%	43,1 k €	+6.6%	40,4 k €	+58.3%	25,6 k €	+69.3%	15,1 k €	-31.3%	22 k €	-26.5%	29,9 k €	-10.6%	33,4 k €	-31.5%	48,8 k €
Operating result	-9,7 k €	-23.6%	-7,9 k €	-93.5%	-4,1 k €	-85.4%	-2,2 k €	-104%	54,6 k €	+471%	-14,7 k €	-257%	9,4 k €	+17.7%	8 k €	+70.6%	4,7 k €	-6.4%	5 k €	+795%	-717,1 €	-102%	29,9 k €	+11.8%	26,7 k €	+12.4%	23,8 k €	+488%	4 k €	+177%	-5,3 k €	-280%	-1,4 k €	-111%	12,8 k €	-29.4%	18,1 k €	-50.9%	36,9 k €
Net result	-6,4 k €	-23.0%	-5,2 k €	-77.2%	-3 k €	-241%	2,1 k €	-94.3%	36,9 k €	+335%	-15,7 k €	-740%	2,5 k €	-37.2%	3,9 k €	+627%	-741,7 €	+80.0%	-3,7 k €	+18.7%	-4,6 k €	-121%	21,4 k €	+9.9%	19,4 k €	+407%	3,8 k €	+153%	-7,2 k €	+59.2%	-17,8 k €	-73.7%	-10,2 k €	-527%	2,4 k €	-52.1%	5 k €	-74.5%	19,6 k €
Balance sheet
Equity	49,4 k €	-11.5%	55,9 k €	-8.6%	61,1 k €	-4.6%	64,1 k €	+3.4%	62 k €	+147%	25,1 k €	-38.5%	40,8 k €	+6.4%	38,3 k €	+11.4%	34,4 k €	-2.1%	35,2 k €	-9.6%	38,9 k €	-10.5%	43,4 k €	+96.8%	22,1 k €	+738%	2,6 k €	+320%	-1,2 k €	-120%	6,1 k €	-74.6%	23,8 k €	-30.0%	34,1 k €	+7.6%	31,7 k €	+18.8%	26,7 k €
Total assets	63,3 k €	-18.4%	77,6 k €	-8.0%	84,4 k €	-18.1%	103 k €	-2.0%	105,2 k €	-46.0%	194,9 k €	+8.9%	178,9 k €	+3.8%	172,4 k €	-15.5%	204,1 k €	-0.6%	205,4 k €	-17.2%	248,1 k €	-11.3%	279,7 k €	+11.0%	251,9 k €	+27.6%	197,4 k €	+1.1%	195,4 k €	-10.9%	219,3 k €	-10.5%	245,2 k €	-9.4%	270,5 k €	+1.7%	265,8 k €	+3.5%	256,7 k €
Cash	16,2 k €	-37.8%	26 k €	+37.5%	18,9 k €	+147%	7,7 k €	+44.2%	5,3 k €	-84.4%	34,1 k €	+1003%	3,1 k €	+58.5%	2 k €	-24.2%	2,6 k €	-56.2%	5,9 k €	+510%	962,5 €	-81.3%	5,1 k €	-18.1%	6,3 k €	+651%	837,2 €	-19.8%	1 k €	-40.6%	1,8 k €	-30.9%	2,5 k €	+373%	538 €	-74.4%	2,1 k €	+414%	408 €
Debts	3,9 k €	-46.5%	7,3 k €	+64.2%	4,5 k €	-71.7%	15,8 k €	+1.0%	15,6 k €	-90.2%	159,8 k €	+24.7%	128,1 k €	+3.3%	124,1 k €	-26.9%	169,7 k €	-0.3%	170,2 k €	-18.7%	209,2 k €	-11.4%	236,2 k €	+2.8%	229,8 k €	+18.0%	194,8 k €	-0.9%	196,6 k €	-7.8%	213,3 k €	-3.6%	221,3 k €	-6.4%	236,4 k €	+1.0%	234,2 k €	+1.8%	230,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Gunther Rypens

Director · since 10 juin 2020

Active

Ended mandates

Christiane De Vree

Manager · since 27 octobre 2004

Ended

Gunther Rypens

Manager · since 01 janvier 1996

Ended

Christiane De Vree

Administrator - manager

Ended

Christiane De Vree

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/08/2026	26/06/2025	14/08/2024	22/09/2023	14/04/2023	02/02/2022
General meeting	19/06/2026	20/06/2025	21/06/2024	23/06/2023	24/06/2022	25/06/2021
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
Micro model	31/12/2025	19/06/2026	15/08/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	26/06/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	14/08/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	22/09/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	14/04/2023	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	02/02/2022	Dutch	PDF
Abridged model	31/12/2019	26/07/2020	31/10/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	22/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	03/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	23/05/2014	13/06/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	02/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 1 active · 9 ended

Active mandates

Gunther Rypens

Director · since 10 juin 2020

Active

Ended mandates

Christiane De Vree

Manager · since 27 octobre 2004

Ended

Gunther Rypens

Manager · since 01 janvier 1996

Ended

Christiane De Vree

Administrator - manager

Ended

Christiane De Vree

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/12/2007
BENAMING - KAPITAAL - AANDELEN
PDF
Mandates30/12/2004
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/07/2003
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 2025-6,4 k €↓
2024
Annual accounts 2024-5,2 k €↓
2023
Annual accounts 2023-3 k €↓
2022
Annual accounts 20222,1 k €↓
2021
Annual accounts 202136,9 k €↑
2020
Annual accounts 2020-15,7 k €↓
2019
Annual accounts 20192,5 k €↓
2019
Name changeR-LETTERS
2018
Annual accounts 20183,9 k €↑
2017
Annual accounts 2017-741,7 €↑
2016
Annual accounts 2016-3,7 k €↑
2015
Annual accounts 2015-4,6 k €↓
2014
Annual accounts 201421,4 k €↑
2013
Annual accounts 201319,4 k €↑
2012
Annual accounts 20123,8 k €↑
2011
Annual accounts 2011-7,2 k €↑
2010
Annual accounts 2010-17,8 k €↓
2009
Annual accounts 2009-10,2 k €↓
2008
Annual accounts 20082,4 k €↓
2007
Annual accounts 20075 k €↓
2007
Name changeDRUK-RYPENS
2006
Annual accounts 200619,6 k €
2006
Name changeDRUKKERIJ FRANK RYPENS
11/02/1988
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

R-LETTERS

Overview

What does R-LETTERS do?

Trend over 20 financial years

Indicative valuation

Board of directors

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