ACTIVE

RICOS

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Financial year 2025 · closed on 31/12/2025

Net result

90,2 k €

-51.8% YoY

Gross margin

154 k €

+12.6% YoY

Equity

591 k €

-2.1% YoY

What does RICOS do?

RICOS is a Private limited company incorporated in 1999. Its main activity is: Computer programming activities. Its registered office is in Zemst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.289.481

Incorporation

16/11/1999

Legal form

Private limited company

Registered office

Graaf Cornetstraat 52
1981 Zemst · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	154 k €	+12.6%	136,7 k €	+2.8%	133 k €	+5.7%	125,8 k €	-0.3%	126,1 k €	-14.6%	147,7 k €	+2.9%	143,5 k €	+10.9%	129,4 k €	-14.0%	150,6 k €	-4.6%	157,8 k €	+18.7%	132,9 k €	-10.9%	149,2 k €	+118%	68,3 k €	-38.7%	111,3 k €	+78.3%	62,5 k €	-28.6%	87,4 k €	+2.0%	85,7 k €	-6.2%	91,4 k €	-18.6%	112,3 k €
EBITDA	150,1 k €	+12.9%	133 k €	+2.9%	129,3 k €	+5.3%	122,8 k €	+0.1%	122,7 k €	-15.0%	144,4 k €	+2.7%	140,6 k €	+12.8%	124,7 k €	-16.7%	149,6 k €	-3.2%	154,6 k €	+18.9%	130 k €	-11.1%	146,3 k €	+124%	65,4 k €	-41.1%	111 k €	+93.8%	57,3 k €	-34.2%	87,1 k €	+2.4%	85,1 k €	-6.3%	90,7 k €	-18.6%	111,5 k €
Operating result	122,1 k €	+18.7%	102,9 k €	+3.2%	99,7 k €	+8.1%	92,2 k €	-0.4%	92,5 k €	-18.7%	113,9 k €	+4.7%	108,8 k €	+17.1%	92,9 k €	-22.6%	120,1 k €	-3.9%	125 k €	+26.0%	99,2 k €	-14.8%	116,5 k €	+218%	36,7 k €	-54.9%	81,3 k €	+211%	26,1 k €	-67.7%	80,8 k €	+8.1%	74,7 k €	-7.1%	80,4 k €	-12.4%	91,8 k €
Net result	90,2 k €	-51.8%	187,1 k €	+162%	71,3 k €	+8.7%	65,6 k €	-0.1%	65,7 k €	-8.1%	71,5 k €	-4.6%	74,9 k €	+26.4%	59,2 k €	+6.9%	55,4 k €	-38.2%	89,7 k €	+124%	40,1 k €	-57.3%	93,8 k €	+367%	20,1 k €	-66.6%	60 k €	+96.9%	30,5 k €	-53.7%	65,8 k €	-8.9%	72,3 k €	+2.7%	70,4 k €	-1.5%	71,5 k €
Balance sheet
Equity	591 k €	-2.1%	603,3 k €	+7.0%	563,8 k €	-0.5%	566,4 k €	+1.4%	558,6 k €	+1.8%	548,6 k €	+7.3%	511,2 k €	+17.2%	436,3 k €	-24.4%	577,1 k €	+10.6%	522 k €	+20.7%	432,3 k €	+10.2%	392,3 k €	+31.4%	298,5 k €	+281%	78,4 k €	-87.3%	618,4 k €	+5.2%	587,9 k €	+12.6%	522,1 k €	+16.1%	449,9 k €	+18.5%	379,5 k €
Total assets	737,1 k €	-11.6%	833,7 k €	+22.2%	682,4 k €	-0.4%	685,4 k €	-8.9%	752,7 k €	+0.5%	748,9 k €	+10.8%	676,1 k €	-17.8%	822,2 k €	+7.4%	765,9 k €	-30.5%	1,1 M €	+10.0%	1 M €	-2.5%	1 M €	+13.5%	905,7 k €	+0.8%	898,5 k €	+7.9%	832,5 k €	+38.8%	600 k €	+9.2%	549,3 k €	+16.9%	470 k €	+9.6%	428,8 k €
Cash	125,2 k €	+38.1%	90,7 k €	+18.3%	76,6 k €	+56.2%	49,1 k €	-65.9%	143,9 k €	+17.8%	122,1 k €	+382%	25,3 k €	-81.8%	139,2 k €	-7.6%	150,7 k €	-75.5%	614,4 k €	+6.5%	576,9 k €	+7.1%	538,4 k €	+23.2%	437 k €	+12.6%	388,2 k €	+30.4%	297,6 k €	-41.8%	511,1 k €	+3.5%	494 k €	+20.3%	410,7 k €	+14.9%	357,5 k €
Debts	146,2 k €	-36.5%	230,3 k €	+94.2%	118,6 k €	-0.3%	119 k €	-38.7%	194 k €	-3.1%	200,3 k €	+21.5%	164,9 k €	-57.3%	385,9 k €	+104%	188,8 k €	-67.5%	580,2 k €	+1.9%	569,5 k €	-10.4%	635,6 k €	+4.7%	607,2 k €	-26.0%	820,1 k €	+283%	214,1 k €	+1676%	12,1 k €	-55.6%	27,2 k €	+35.0%	20,1 k €	-59.2%	49,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Jan Riviere

Director

Active

Ended mandates

Jan RIVIERE

Manager · since 16 novembre 1999

Ended

Jan RIVIERE

Manager · since 09 novembre 1999

Ended

Jan RIVIERE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Vandermeersch Management Services● Active	0439.931.325

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	08/04/2026	17/03/2025	20/03/2024	19/04/2023	30/05/2022	01/06/2021
General meeting	13/03/2026	14/03/2025	08/03/2024	31/03/2023	27/05/2022	28/05/2021
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	13/03/2026	08/04/2026	Dutch	PDF
Micro model	31/12/2024	14/03/2025	17/03/2025	Dutch	PDF
Micro model	31/12/2023	08/03/2024	20/03/2024	Dutch	PDF
Micro model	31/12/2022	31/03/2023	19/04/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	30/05/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	01/06/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	04/06/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	03/06/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	31/05/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	29/05/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	01/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/07/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	05/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	01/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	01/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	03/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 ended

Active mandates

Jan Riviere

Director

Active

Ended mandates

Jan RIVIERE

Manager · since 16 novembre 1999

Ended

Jan RIVIERE

Manager · since 09 novembre 1999

Ended

Jan RIVIERE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/04/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares09/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares07/01/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares12/02/2004
ALGEMENE VERGADERING - 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 202590,2 k €↓
2024
Annual accounts 2024187,1 k €↑
2023
Annual accounts 202371,3 k €↑
2022
Annual accounts 202265,6 k €↓
2021
Annual accounts 202165,7 k €↓
2019
Annual accounts 201971,5 k €↓
2018
Annual accounts 201874,9 k €↑
2017
Annual accounts 201759,2 k €↑
2016
Annual accounts 201655,4 k €↓
2015
Annual accounts 201589,7 k €↑
2014
Annual accounts 201440,1 k €↓
2013
Annual accounts 201393,8 k €↑
2012
Annual accounts 201220,1 k €↓
2011
Annual accounts 201160 k €↑
2010
Annual accounts 201030,5 k €↓
2009
Annual accounts 200965,8 k €↓
2008
Annual accounts 200872,3 k €↑
2007
Annual accounts 200770,4 k €↓
2006
Annual accounts 200671,5 k €
16/11/1999
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

RICOS

Overview

What does RICOS do?

Trend over 19 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