ACTIVE

RITEC

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Financial year 2025 · closed on 31/12/2025

Net result

268 k €

-11.6% YoY

Gross margin

896,5 k €

+12.7% YoY

Equity

1,4 M €

+9.6% YoY

Workforce

5,4 ETP

+20.0% YoY

What does RITEC do?

RITEC is a Private limited company incorporated in 1996. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Deinze. It employs on average 5,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.787.846

Incorporation

04/01/1996

Legal form

Private limited company

Registered office

Vaart Rechteroever 227
9800 Deinze · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

5,4 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 46741Wholesale of hardware, plumbing and heating equipment and supplies 46841Wholesale trade, except of motor vehicles and motorcycles 51541Air transport 51872Air transport

Joint committees (5)

100
14901
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	896,5 k €	+12.7%	795,4 k €	-22.1%	1 M €	+57.8%	646,5 k €	+21.6%	531,8 k €	-8.5%	580,9 k €	-14.8%	682,2 k €	+74.7%	390,5 k €	-21.5%	497,5 k €	+26.3%	394 k €	+3.6%	380,1 k €	-5.8%	403,7 k €	+42.9%	282,6 k €	+9.5%	258,1 k €	-27.5%	356 k €	+24.5%	286 k €
EBITDA	448,3 k €	+5.2%	425,9 k €	-31.7%	623,9 k €	+93.3%	322,8 k €	+27.3%	253,6 k €	-17.5%	307,5 k €	-29.2%	434,2 k €	+230%	131,7 k €	-21.0%	166,7 k €	+123%	74,7 k €	-37.7%	119,9 k €	-35.4%	185,6 k €	+90.4%	97,5 k €	+3496%	-2,9 k €	-102%	160 k €	+7.1%	149,4 k €
Operating result	354 k €	-11.3%	399,3 k €	-32.4%	590,3 k €	+99.6%	295,8 k €	+27.5%	232 k €	-20.6%	292,3 k €	-29.1%	412,1 k €	+261%	114,1 k €	-21.8%	145,9 k €	+221%	45,5 k €	-51.5%	93,7 k €	-34.0%	142 k €	+148%	57,2 k €	+229%	-44,4 k €	-142%	105,3 k €	+0.2%	105 k €
Net result	268 k €	-11.6%	303,2 k €	-30.0%	433,3 k €	+111%	205,1 k €	+60.6%	127,7 k €	-23.6%	167,1 k €	-31.9%	245,4 k €	+367%	52,6 k €	-37.3%	83,8 k €	+370%	17,9 k €	-63.0%	48,3 k €	-46.5%	90,3 k €	+64.7%	54,8 k €	+221%	-45,4 k €	-159%	77 k €	+8.0%	71,3 k €
Balance sheet
Equity	1,4 M €	+9.6%	1,3 M €	+8.3%	1,2 M €	+33.8%	905 k €	+49.2%	606,7 k €	+3.6%	585,4 k €	+39.9%	418,3 k €	+35.0%	309,9 k €	-21.0%	392,3 k €	+20.8%	324,7 k €	+5.8%	306,9 k €	+18.7%	258,6 k €	-39.3%	425,6 k €	+14.8%	370,8 k €	-10.9%	416,2 k €	+22.7%	339,3 k €
Total assets	2,1 M €	+3.9%	2 M €	+3.5%	1,9 M €	+11.6%	1,7 M €	+55.4%	1,1 M €	+3.3%	1,1 M €	+0.0%	1,1 M €	+22.4%	885,2 k €	+11.0%	797,6 k €	-8.5%	871,4 k €	-0.7%	877,5 k €	+6.1%	826,7 k €	+32.6%	623,3 k €	-9.9%	692 k €	+1.6%	681,1 k €	+20.5%	565,3 k €
Cash	846,7 k €	+35.7%	623,9 k €	-36.9%	988,9 k €	+18.6%	834 k €	+102%	412,5 k €	-6.6%	441,9 k €	+70.6%	259 k €	-13.7%	299,9 k €	+68.0%	178,5 k €	-48.3%	345,6 k €	+2.0%	338,8 k €	+57.8%	214,7 k €	-4.4%	224,6 k €	+33.5%	168,3 k €	-31.6%	246 k €	+96.8%	125 k €
Debts	641 k €	-6.5%	685,8 k €	-4.2%	715,6 k €	-13.0%	822,8 k €	+62.1%	507,7 k €	+2.7%	494,3 k €	-25.6%	664,3 k €	+15.5%	575,3 k €	+45.0%	396,9 k €	-25.5%	532,8 k €	-4.2%	555,9 k €	-0.8%	560,3 k €	+186%	196,1 k €	-38.7%	319,6 k €	+21.4%	263,3 k €	+17.3%	224,4 k €
Other
Workforce	5,4 ETP	+20.0%	4,5 ETP	+4.7%	4,3 ETP	-4.4%	4,5 ETP	+9.8%	4,1 ETP	-4.7%	4,3 ETP	+16.2%	3,7 ETP	0.0%	3,7 ETP	-31.5%	5,4 ETP	+5.9%	5,1 ETP	+8.5%	4,7 ETP	+42.4%	3,3 ETP	+10.0%	3,0 ETP	-9.1%	3,3 ETP	-23.3%	4,3 ETP	+95.5%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Rik VANDENBUSSCHE

Director

Active

Ended mandates

Rik Vandenbussche

Director · since 04 janvier 1996

Ended

Rik Vandenbussche

Director · since 04 janvier 1966

Ended

Katrien SCHAECK

Manager

Ended

Rik VANDENBUSSCHE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	24/04/2026	27/06/2025	01/07/2024	31/03/2023	29/03/2022	16/03/2021
General meeting	31/03/2026	27/06/2025	28/06/2024	20/03/2023	21/03/2022	15/03/2021
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
Abridged model	31/12/2025	31/03/2026	24/04/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	01/07/2024	Dutch	PDF
Abridged model	30/09/2022	20/03/2023	31/03/2023	Dutch	PDF
Abridged model	30/09/2021	21/03/2022	29/03/2022	Dutch	PDF
Abridged model	30/09/2020	15/03/2021	16/03/2021	Dutch	PDF
Abridged model	30/09/2019	16/03/2020	19/05/2020	Dutch	PDF
Abridged model	30/09/2018	18/03/2019	25/03/2019	Dutch	PDF
Abridged model	30/09/2017	19/03/2018	20/03/2018	Dutch	PDF
Abridged model	30/09/2016	30/12/2016	27/01/2017	Dutch	PDF
Abridged model	30/09/2015	30/12/2015	29/01/2016	Dutch	PDF
Abridged model	30/09/2014	16/03/2015	08/04/2015	Dutch	PDF
Abridged model	30/09/2013	17/03/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	18/03/2013	02/04/2013	Dutch	PDF
Abridged model	30/09/2011	19/03/2012	13/04/2012	Dutch	PDF
Abridged model	30/09/2010	21/03/2011	22/03/2011	Dutch	PDF
Abridged model	30/09/2009	15/03/2010	24/03/2010	Dutch	PDF
Abridged model	30/09/2008	16/03/2009	18/03/2009	Dutch	PDF
Abridged model	30/09/2007	17/03/2008	31/03/2008	Dutch	PDF
Abridged model	30/09/2006	19/03/2007	28/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 1 active · 4 ended

Active mandates

Rik VANDENBUSSCHE

Director

Active

Ended mandates

Rik Vandenbussche

Director · since 04 janvier 1996

Ended

Rik Vandenbussche

Director · since 04 janvier 1966

Ended

Katrien SCHAECK

Manager

Ended

Rik VANDENBUSSCHE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/09/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares06/12/2017
KAPITAAL - AANDELEN
PDF
Registered office22/07/2016
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares18/10/2011
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025268 k €↓
2024
Annual accounts 2024303,2 k €↓
2023
Annual accounts 2023433,3 k €↑
2022
Annual accounts 2022205,1 k €↑
2018
Annual accounts 2018127,7 k €↓
2017
Annual accounts 2017167,1 k €↓
2016
Annual accounts 2016245,4 k €↑
2015
Annual accounts 201552,6 k €↓
2014
Annual accounts 201483,8 k €↑
2013
Annual accounts 201317,9 k €↓
2012
Annual accounts 201248,3 k €↓
2011
Annual accounts 201190,3 k €↑
2010
Annual accounts 201054,8 k €↑
2009
Annual accounts 2009-45,4 k €↓
2008
Annual accounts 200877 k €↑
2007
Annual accounts 200771,3 k €
04/01/1996
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

RITEC

Overview

What does RITEC do?

Trend over 16 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