RAM RAM STUDIO
ActiveSummary
The computed 12-month bankruptcy probability of RAM RAM STUDIO is 2.3% (moderate). The 2025 annual accounts show negative equity (-€1,321) and a net result of €2,785. Equity is shrinking by ~96.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 666 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
What stands out
Overview
0 of 3 deeds readAccounts 65 d earlyTurnover not published (abridged schema)
Why 53- Limited track record- Higher-failure-rate region- Annual accounts: weaker financial profile- Weak solvency vs sector+ Lower-failure-rate sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency9▲+1
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.82 in 2024; short-term debt: 116% and cash: 88.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-16%
Return on assets
33.8%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 666 sector peers (2025).
NBB · sector comparisonPosition among 666 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-02-2026, 65 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
65 d early
2024
55 d early
2023
55 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 58 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 6 March (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €2,785
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €8,245Profit €2,785Solvency -16.0%Liquidity 0.85
Total assets
€8,245▼ 66.1%
2023 - 2025
Net result
€2,785
2023 - 2025
Equity
-€1,321▲ 67.8%
2023 - 2025
Staff (FTE)
0.9▼ 50.0%
2023 - 2024
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€4,404--€5,179▼ 17.6%€3,142
Net result-€4,760below the sector's middle half--€5,346below the sector's middle half▼ 12.3%€2,785within the sector's middle half
Equity€1,240below the sector's middle half--€4,106below the sector's middle half-€1,321below the sector's middle half▲ 67.8%
Total assets€16,645below the sector's middle half-€24,344below the sector's middle half▲ 46.3%€8,245below the sector's middle half▼ 66.1%
Debt€15,405-€28,450▲ 84.7%€9,566▼ 66.4%
Working capital-€481within the sector's middle half--€5,027within the sector's middle half▼ 945%-€1,458within the sector's middle half▲ 71.0%
Solvency7.4%below the sector's middle half--16.9%below the sector's middle half▼ 24.3pp-16.0%below the sector's middle half▲ 0.8pp
Current ratio0.97within the sector's middle half-0.82below the sector's middle half▼ 0.150.85below the sector's middle half▲ 0.02
Return on assets (ROA)-28.6%below the sector's middle half--22.0%below the sector's middle half▲ 6.6pp33.8%above the sector's middle half▲ 55.7pp
Staff (FTE)1.8-0.9▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,142 after a loss of €5,179 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8,245
Fixed assets
€137 ▼ 85.1%
Current assets
€8,108 ▼ 65.4%
Equity and liabilities
Equity-€1,321
Debt€9,566
Equity is negative: debt (€9,566) exceeds the balance-sheet total (€8,245).
Key figures and ratios
Key figures and ratios
EBITDA
€3,826▲
2024 · -€4,379
Cash flow
€3,469▲
2024 · -€4,546
Interest coverage
15.90▲
2024 · -25.35
Debt ≤ 1 year
€9,566▼
2024 · €28,450
Income taxes
€122
Staff costs
€785▼
2024 · €66,905
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,018 companies that looked in July 2024 the way this one looks now, 6.5% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
6.5%
went bankrupt
4.0%
stopped otherwise
89%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,018 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €88,610 | €66,905 | €785 | ▼ 98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €779 | €800 | €684 | ▼ 14.5% |
| Gross operating margin9900 | €84,985 | €62,526 | €4,611 | ▼ 92.6% |
| Operating profit (loss)9901 | -€4,404 | -€5,179 | €3,142 | ▲ 161% |
| Financial income75/76B | €23 | €6 | €6 | ▼ 2.6% |
| Recurring financial income75 | €23 | €6 | €6 | ▼ 2.6% |
| Financial charges65/66B | €379 | €173 | €241 | ▲ 39.3% |
| Recurring financial charges65 | €379 | €173 | €241 | ▲ 39.3% |
| Profit (loss) for the period before taxes9903 | -€4,760 | -€5,346 | €2,907 | ▲ 154% |
| Income taxes67/77 | - | - | €122 | - |
| Profit (loss) for the period9904 | -€4,760 | -€5,346 | €2,785 | ▲ 152% |
| Profit (loss) for the period to be appropriated9905 | -€4,760 | -€5,346 | €2,785 | ▲ 152% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16,645 | €24,344 | €8,245 | ▼ 66.1% |
| Fixed assets21/28 | €1,721 | €921 | €137 | ▼ 85.1% |
| Tangible fixed assets22/27 | €1,621 | €821 | €137 | ▼ 83.3% |
| Plant, machinery and equipment23 | €1,621 | €821 | €137 | ▼ 83.3% |
| Financial fixed assets28 | €100 | €100 | - | - |
| Current assets29/58 | €14,924 | €23,423 | €8,108 | ▼ 65.4% |
| Amounts receivable within one year40/41 | €897 | €874 | €490 | ▼ 43.9% |
| Trade receivables40 | €300 | €874 | €428 | ▼ 51.0% |
| Other amounts receivable41 | €597 | €0 | €62 | ▲ 13,045% |
| Current investments50/53 | €184 | €455 | €348 | ▼ 23.4% |
| Cash at bank and in hand54/58 | €13,843 | €22,054 | €7,269 | ▼ 67.0% |
| Deferred charges and accrued income490/1 | - | €41 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16,645 | €24,344 | €8,245 | ▼ 66.1% |
| Equity10/15 | €1,240 | -€4,106 | -€1,321 | ▲ 67.8% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | -€4,760 | -€10,106 | -€7,321 | ▲ 27.6% |
| Amounts payable17/49 | €15,405 | €28,450 | €9,566 | ▼ 66.4% |
| Amounts payable within one year42/48 | €15,405 | €28,450 | €9,566 | ▼ 66.4% |
| Trade debts44 | €2,545 | €3,075 | €6,150 | ▲ 100% |
| Suppliers440/4 | €2,545 | €3,075 | €6,150 | ▲ 100% |
| Taxes, remuneration and social security45 | €2,453 | €12,341 | €122 | ▼ 99.0% |
| Taxes450/3 | €1,146 | €10,518 | €122 | ▼ 98.8% |
| Remuneration and social security454/9 | €1,307 | €1,822 | - | - |
| Other amounts payable47/48 | €10,407 | €13,035 | €3,294 | ▼ 74.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,760 | -€5,346 | €2,785 | ▲ 152% |
| + Depreciation and write-downs630 | €779 | €800 | €684 | ▼ 14.5% |
| Operating cash flow (approximation) | -€3,981 | -€4,546 | €3,469 | ▲ 176% |
| Investment in fixed assets (approximation) | - | €0 | €100 | - |
| Change in cash | - | €8,211 | -€14,785 | ▼ 280% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
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3C GROUP
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A.C.T.E.S. EUROP EXPRESS
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 338 companies in this sector we hold annual accounts for 103. See the whole sector
Timeline
5 eventsLatest 24-02-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €2,785
Net result €2,785 after 2 loss-making years.
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€5,346
Net result drops to -€5,346, the lowest in the series; recovery starts the following year.
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 31-03-2022Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded31-03-2022
Fiscal year end30-09
Activities, NACEBEL 2025
32400Other manufacturing
58210Publishing activities
58290Other software publishing
62100Computer programming
74120Graphic design and visual communication
90393Specialised image, lighting and sound technical services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784309039
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2022
Ground area
2,302 m²
Building footprint
1,952 m²
Volume, LiDAR
26,440 m³
Parcel 21811M0166/00D000, Brussels · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
RAM RAM Studio
since 2022unit no. 2.329.510.626
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0166/00D000 | Brussels | 2,302 m² | 1 · 1,952 m² | 19.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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