ACTIVE

RISI

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Financial year 2025 · closed on 31/12/2025

Net result

281,3 k €

-35.4% YoY

Revenue

305,3 k €

-61.8% YoY

Equity

508 k €

+124.0% YoY

Workforce

14,8 ETP

-22.9% YoY

What does RISI do?

RISI is a Private company with limited liability incorporated in 2000. Its main activity is: Manufacture of rubber products. Its registered office is in Bruxelles. It employs on average 14,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.559.947

Incorporation

14/08/2000

Legal form

Private company with limited liability

Registered office

Avenue Louise 231
1050 Bruxelles · BruxellesSee on map

Contributed capital

1 483 090,00 €

Latest accounts

31/12/2025

Average workforce

14,8 ETP

Activities (NACE)

22120Manufacture of rubber products· main 58120Publishing of directories and mailing lists 58130Publishing of newspapers 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering+6

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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
Revenue	305,3 k €	-61.8%	800,3 k €	+130%	347,6 k €	+2.6%	338,8 k €		–		415,7 k €	-61.6%	1,1 M €	+233%	324,8 k €	-32.9%	483,7 k €	+57.7%	306,8 k €	-57.5%	721,3 k €	+5575%	12,7 k €	-97.4%	483,3 k €	-8.8%	529,7 k €	-67.4%	1,6 M €	+169%	603,9 k €	-68.2%	1,9 M €	-9.9%	2,1 M €	-29.9%	3 M €	+39.5%	2,2 M €
EBITDA	413,5 k €	-32.9%	616 k €	-1.2%	623,3 k €	+46.7%	424,8 k €	-14.1%	494,7 k €	-59.9%	1,2 M €	+53.6%	802,4 k €	+580%	118 k €	-91.9%	1,5 M €	+215%	464,2 k €	+169%	-671,7 k €	-194%	714,8 k €	+147%	289,3 k €	+112%	-2,4 M €	-146%	-989,4 k €	+30.1%	-1,4 M €	-256%	-397,9 k €	+11.9%	-451,8 k €	-18.0%	-383 k €	-31.7%	-290,7 k €
Operating result	412,9 k €	-34.2%	627,5 k €	+2.0%	615,5 k €	+45.7%	422,4 k €	-14.0%	491,1 k €	-59.7%	1,2 M €	+56.9%	776,5 k €	+669%	101 k €	-92.9%	1,4 M €	+219%	446,4 k €	+165%	-683,3 k €	-197%	705,3 k €	+154%	277,5 k €	+116%	-1,7 M €	-79.0%	-943,8 k €	+41.2%	-1,6 M €	-223%	-497,4 k €	-3.0%	-482,8 k €	-17.9%	-409,7 k €	-21.0%	-338,6 k €
Net result	281,3 k €	-35.4%	435,6 k €	-1.2%	441,1 k €	+49.0%	296 k €	-5.5%	313,2 k €	-74.2%	1,2 M €	+58.4%	765,2 k €	+668%	99,6 k €	-93.0%	1,4 M €	+218%	446,9 k €	+165%	-685 k €	-199%	692,8 k €	+192%	237,3 k €	+114%	-1,7 M €	-74.3%	-982,9 k €	+39.3%	-1,6 M €	-216%	-511,9 k €	-11.2%	-460,4 k €	+19.6%	-572,4 k €	-9.7%	-521,5 k €
Balance sheet
Equity	508 k €	+124%	226,7 k €	+209%	-208,9 k €	+67.9%	-650 k €	+31.3%	-945,9 k €	+24.9%	-1,3 M €	+49.1%	-2,5 M €	+23.8%	-3,2 M €	+3.0%	-3,3 M €	+29.9%	-4,8 M €	+8.6%	-5,2 M €	-15.1%	-4,5 M €	+13.3%	-5,2 M €	+4.3%	-5,5 M €	-45.7%	-3,7 M €	-35.6%	-2,8 M €	-141%	-1,1 M €	-80.9%	-632,6 k €	-267%	-172,2 k €	-143%	400,2 k €
Total assets	4,3 M €	+0.0%	4,3 M €	+349%	959 k €	+19.8%	800,7 k €	+68.9%	474 k €	+1.3%	467,9 k €	+83.4%	255,2 k €	-57.0%	593,7 k €	+69.6%	350,1 k €	+9.4%	320 k €	-21.3%	406,9 k €	+37.3%	296,4 k €	+126%	131,3 k €	-61.8%	344 k €	-22.0%	440,9 k €	-69.3%	1,4 M €	-6.1%	1,5 M €	-6.7%	1,6 M €	+9.2%	1,5 M €	-26.6%	2 M €
Cash	631,8 k €	+4.8%	602,7 k €	+233%	181,2 k €	-1.7%	184,3 k €	+152%	73,2 k €	-51.8%	151,8 k €	+89.2%	80,3 k €	-70.2%	269,1 k €	+966%	25,2 k €	-41.7%	43,3 k €	-65.9%	127 k €	+290%	32,6 k €	-17.1%	39,3 k €	-69.6%	129,6 k €	+223%	40,1 k €	-82.4%	227,9 k €	+113%	107,2 k €	-56.9%	248,7 k €	-35.6%	386,2 k €	-4.5%	404,4 k €
Debts	3,8 M €	-4.3%	4 M €	+281%	1 M €	-25.0%	1,4 M €	-1.9%	1,4 M €	-17.8%	1,7 M €	-33.1%	2,6 M €	-28.8%	3,6 M €	+0.8%	3,6 M €	-28.7%	5 M €	-9.6%	5,6 M €	+19.3%	4,7 M €	-12.6%	5,4 M €	-5.9%	5,7 M €	+35.9%	4,2 M €	+11.4%	3,8 M €	+66.1%	2,3 M €	+45.2%	1,6 M €	+119%	712,3 k €	+42.2%	501,1 k €
Other
Workforce	14,8 ETP	-22.9%	19,2 ETP	-10.3%	21,4 ETP	-8.5%	23,4 ETP	+0.9%	23,2 ETP	+16.0%	20,0 ETP	+4.7%	19,1 ETP	-5.9%	20,3 ETP	-1.0%	20,5 ETP	+0.5%	20,4 ETP	+7.9%	18,9 ETP	+4.4%	18,1 ETP	-3.7%	18,8 ETP	-13.8%	21,8 ETP	+2.3%	21,3 ETP	-10.1%	23,7 ETP	+13.4%	20,9 ETP	-10.3%	23,3 ETP	-14.3%	27,2 ETP	-5.2%	28,7 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 · 4 active · 25 ended

Active mandates

Christopher DAVIES

Administrator - manager · since 01 décembre 2025

Active

Raju DASWANI

Administrator - manager · since 01 octobre 2024

Active

Dan Klein

Administrator - manager · since 09 octobre 2017 · until 01 décembre 2025

Active

Matthew Graves

Administrator - manager · since 01 juin 2007

Active

Ended mandates

Keith CRUICKSHANK

Manager · since 08 janvier 2018

Ended

Richard SPINALE

Administrator - manager · since 08 janvier 2018 · until 01 octobre 2024

Ended

Richard SPINALE

Administrator - manager · since 08 janvier 2018

Ended

Richard SPINALE

Manager · since 08 janvier 2018

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	18/07/2026	07/07/2025	10/07/2024	07/07/2023	30/06/2022	15/07/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	28/06/2023	24/06/2022	30/06/2021
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
Full model	31/12/2025	25/06/2026	18/07/2026	French	PDF
Full model	31/12/2024	26/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	27/06/2024	10/07/2024	French	PDF
Full model	31/12/2022	28/06/2023	07/07/2023	French	PDF
Full model	31/12/2021	24/06/2022	30/06/2022	French	PDF
Full model	31/12/2020	30/06/2021	15/07/2021	French	PDF
Full model	31/12/2019	15/06/2020	13/07/2020	French	PDF
Full model	31/12/2018	15/07/2019	20/08/2019	French	PDF
Full model	31/12/2017	26/07/2018	13/08/2018	French	PDF
Full model	31/12/2016	05/03/2018	15/03/2018	French	PDF
Full model	31/12/2015	20/09/2016	24/10/2016	French	PDF
Full model	31/12/2014	24/11/2015	26/11/2015	French	PDF
Full model	31/12/2013	17/09/2014	30/09/2014	French	PDF
Full model	31/12/2012	14/11/2013	30/12/2013	French	PDF
Full model	31/12/2011	14/11/2012	24/06/2013	French	PDF
Full model	31/12/2010	07/11/2011	22/12/2011	French	PDF
Full model	31/12/2009	08/11/2010	22/12/2010	French	PDF
Full model	31/12/2008	12/10/2009	28/10/2009	French	PDF
Full model	31/12/2007	24/10/2008	30/12/2008	French	PDF
Full model	31/12/2006	20/09/2007	23/10/2007	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 · 4 active · 25 ended

Active mandates

Christopher DAVIES

Administrator - manager · since 01 décembre 2025

Active

Raju DASWANI

Administrator - manager · since 01 octobre 2024

Active

Dan Klein

Administrator - manager · since 09 octobre 2017 · until 01 décembre 2025

Active

Matthew Graves

Administrator - manager · since 01 juin 2007

Active

Ended mandates

Keith CRUICKSHANK

Manager · since 08 janvier 2018

Ended

Richard SPINALE

Administrator - manager · since 08 janvier 2018 · until 01 octobre 2024

Ended

Richard SPINALE

Administrator - manager · since 08 janvier 2018

Ended

Richard SPINALE

Manager · since 08 janvier 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates19/01/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates06/11/2018
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates21/08/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates06/11/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office05/04/2013
SIEGE SOCIAL
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 2025281,3 k €↓
2024
Annual accounts 2024435,6 k €↓
2023
Annual accounts 2023441,1 k €↑
2022
Annual accounts 2022296 k €↓
2021
Annual accounts 2021313,2 k €↓
2020
Annual accounts 20201,2 M €↑
2019
Annual accounts 2019765,2 k €↑
2018
Annual accounts 201899,6 k €↓
2017
Annual accounts 20171,4 M €↑
2016
Annual accounts 2016446,9 k €↑
2015
Annual accounts 2015-685 k €↓
2014
Annual accounts 2014692,8 k €↑
2013
Annual accounts 2013237,3 k €↑
2012
Annual accounts 2012-1,7 M €↓
2011
Annual accounts 2011-982,9 k €↑
2010
Annual accounts 2010-1,6 M €↓
2009
Annual accounts 2009-511,9 k €↓
2008
Annual accounts 2008-460,4 k €↑
2007
Annual accounts 2007-572,4 k €↓
2006
Annual accounts 2006-521,5 k €
14/08/2000
IncorporationPrivate company with limited liability

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

RISI

Overview

What does RISI 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