RIBAS
ActiveSummary
RIBAS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125,728 and a net result of €6,771. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 81% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+18
Solvency100▲+49
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 3.85 against 1.28 in 2024; short-term debt: 23.4% and cash: 1.8% of total assets), and 23.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.6%
Return on assets
4.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
52 d late
2024
21 d late
2023
27 d late
2022
25 d late
2021
25 d late
2020
24 d late
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€125,728▲ 5.7%
2024 · €118,957
Total assets
€164,215▼ 64.2%
2024 · €458,146
Net result
€6,771
2024 · -€4,424
Working capital
€109,791▲ 16.2%
2024 · €94,524
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€15,089-€15,270▼ 1.2%€32,135€8,925▼ 72.2%€16,916▲ 89.5%
Net result-€15,940below the sector's middle half-€19,787below the sector's middle half▼ 24.1%€28,244within the sector's middle half-€4,424below the sector's middle half€6,771within the sector's middle half
Equity€114,924within the sector's middle half▼ 12.2%€95,137within the sector's middle half▼ 17.2%€123,381within the sector's middle half▲ 29.7%€118,957within the sector's middle half▼ 3.6%€125,728within the sector's middle half▲ 5.7%
Total assets€231,043within the sector's middle half▲ 29.7%€467,501above the sector's middle half▲ 102%€171,263within the sector's middle half▼ 63.4%€458,146above the sector's middle half▲ 168%€164,215within the sector's middle half▼ 64.2%
Debt€116,119▲ 146%€372,364▲ 221%€47,882▼ 87.1%€339,189▲ 608%€38,487▼ 88.7%
Working capital€75,732within the sector's middle half▼ 35.6%€63,478within the sector's middle half▼ 16.2%€95,531above the sector's middle half▲ 50.5%€94,524above the sector's middle half▼ 1.1%€109,791above the sector's middle half▲ 16.2%
Solvency49.7%within the sector's middle half▼ 23.7pp20.4%below the sector's middle half▼ 29.4pp72.0%above the sector's middle half▲ 51.7pp26.0%within the sector's middle half▼ 46.1pp76.6%above the sector's middle half▲ 50.6pp
Current ratio2.09within the sector's middle half▼ 1.751.19within the sector's middle half▼ 0.903.98above the sector's middle half▲ 2.791.28within the sector's middle half▼ 2.703.85above the sector's middle half▲ 2.57
Return on assets (ROA)-6.9%below the sector's middle half▼ 10.9pp-4.2%below the sector's middle half▲ 2.7pp16.5%within the sector's middle half▲ 20.7pp-1.0%below the sector's middle half▼ 17.5pp4.1%within the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164,215
Fixed assets
€15,937 ▼ 44.5%
Current assets
€148,278 ▼ 65.5%
Equity and liabilities €164,215
Equity
€125,728 ▲ 5.7%
Debt
€38,487 ▼ 88.7%
Debt's share of the balance-sheet total falls from 74.0% to 23.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,401▲
2024 · €26,336
Cash flow
€19,257▲
2024 · €12,987
Quick ratio
3.63▲
2024 · 0.20
Debt to equity
0.31▼
2024 · 2.85
ROE
5.4%▲
2024 · -3.7%
Interest coverage
3.51▲
2024 · 2.05
Debt ≤ 1 year
€38,487▼
2024 · €334,902
Income taxes
€1,811▲
2024 · €604
Staff costs
€1,914▲
2024 · €1,567
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8,843 | - | - | - | €4,500 | - |
| Remuneration, social security and pensions62 | €2,791 | €2,696 | €1,321 | €1,567 | €1,914 | ▲ 22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,753 | €24,379 | €24,752 | €17,411 | €12,485 | ▼ 28.3% |
| Other operating charges640/8 | €1,320 | €4,381 | €3,490 | €2,281 | €2,417 | ▲ 5.9% |
| Non-recurring operating charges66A | €1,116 | - | - | - | €297 | - |
| Gross operating margin9900 | €4,891 | €16,186 | €61,698 | €30,185 | €34,029 | ▲ 12.7% |
| Operating profit (loss)9901 | -€15,089 | -€15,270 | €32,135 | €8,925 | €16,916 | ▲ 89.5% |
| Financial income75/76B | €952 | €684 | €1,016 | €83 | €48 | ▼ 42.0% |
| Recurring financial income75 | €952 | €684 | €1,016 | €83 | €48 | ▼ 42.0% |
| Financial charges65/66B | €1,411 | €4,647 | €4,331 | €12,828 | €8,381 | ▼ 34.7% |
| Recurring financial charges65 | €1,411 | €4,647 | €4,331 | €12,828 | €8,381 | ▼ 34.7% |
| Profit (loss) for the period before taxes9903 | -€15,547 | -€19,232 | €28,819 | -€3,820 | €8,582 | ▲ 325% |
| Income taxes67/77 | €393 | €555 | €576 | €604 | €1,811 | ▲ 200% |
| Profit (loss) for the period9904 | -€15,940 | -€19,787 | €28,244 | -€4,424 | €6,771 | ▲ 253% |
| Profit (loss) for the period to be appropriated9905 | -€15,940 | -€19,787 | €28,244 | -€4,424 | €6,771 | ▲ 253% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231,043 | €467,501 | €171,263 | €458,146 | €164,215 | ▼ 64.2% |
| Fixed assets21/28 | €85,846 | €67,991 | €43,659 | €28,719 | €15,937 | ▼ 44.5% |
| Tangible fixed assets22/27 | €83,581 | €65,726 | €41,394 | €26,454 | €13,672 | ▼ 48.3% |
| Land and buildings22 | €7,188 | €10,463 | €9,236 | €8,010 | €6,783 | ▼ 15.3% |
| Plant, machinery and equipment23 | €9,176 | €8,684 | €5,837 | €4,095 | €1,439 | ▼ 64.8% |
| Furniture and vehicles24 | €29,453 | €17,153 | €5,233 | €1,602 | €1,040 | ▼ 35.0% |
| Leasing and similar rights25 | €37,765 | €29,426 | €21,087 | €12,748 | €4,409 | ▼ 65.4% |
| Financial fixed assets28 | €2,265 | €2,265 | €2,265 | €2,265 | €2,265 | = |
| Current assets29/58 | €145,197 | €399,510 | €127,604 | €429,426 | €148,278 | ▼ 65.5% |
| Stocks and contracts in progress3 | €65,080 | €289,401 | €13,049 | €360,820 | €8,469 | ▼ 97.7% |
| Stocks30/36 | €15,156 | €268,639 | €5,049 | €316,795 | €4,469 | ▼ 98.6% |
| Contracts in progress37 | €49,924 | €20,761 | €8,000 | €44,025 | €4,000 | ▼ 90.9% |
| Amounts receivable within one year40/41 | €77,971 | €108,197 | €81,189 | €60,745 | €135,129 | ▲ 122% |
| Trade receivables40 | €73,195 | €106,834 | €71,018 | €59,074 | €79,690 | ▲ 34.9% |
| Other amounts receivable41 | €4,777 | €1,363 | €10,171 | €1,671 | €55,439 | ▲ 3,218% |
| Cash at bank and in hand54/58 | €976 | €661 | €31,434 | €4,482 | €3,000 | ▼ 33.1% |
| Deferred charges and accrued income490/1 | €1,169 | €1,251 | €1,932 | €3,379 | €1,680 | ▼ 50.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231,043 | €467,501 | €171,263 | €458,146 | €164,215 | ▼ 64.2% |
| Equity10/15 | €114,924 | €95,137 | €123,381 | €118,957 | €125,728 | ▲ 5.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €95,859 | €95,859 | €95,859 | €95,859 | €95,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €94,000 | €94,000 | €95,859 | €95,859 | €95,859 | = |
| Profit (loss) carried forward14 | €473 | -€19,314 | €8,930 | €4,505 | €11,277 | ▲ 150% |
| Amounts payable17/49 | €116,119 | €372,364 | €47,882 | €339,189 | €38,487 | ▼ 88.7% |
| Amounts payable after more than one year17 | €46,654 | €31,358 | €15,809 | €4,287 | - | - |
| Financial debts170/4 | €46,654 | €31,358 | €15,809 | €4,287 | - | - |
| Amounts payable within one year42/48 | €69,464 | €336,032 | €32,073 | €334,902 | €38,487 | ▼ 88.5% |
| Current portion of amounts payable after more than one year42 | €15,049 | €215,297 | €15,549 | €266,522 | €4,287 | ▼ 98.4% |
| Financial debts43 | - | €2,013 | - | - | - | - |
| Credit institutions430/8 | - | €2,013 | - | - | - | - |
| Trade debts44 | €49,922 | €47,850 | €15,659 | €19,837 | €31,099 | ▲ 56.8% |
| Suppliers440/4 | €49,922 | €47,850 | €15,659 | €19,837 | €31,099 | ▲ 56.8% |
| Advances received on contracts in progress46 | - | - | €290 | - | - | - |
| Taxes, remuneration and social security45 | €393 | €3,382 | €576 | €2,797 | €3,101 | ▲ 10.8% |
| Taxes450/3 | €393 | €555 | €576 | €2,797 | €3,101 | ▲ 10.8% |
| Remuneration and social security454/9 | - | €2,827 | - | - | - | - |
| Other amounts payable47/48 | €4,100 | €67,490 | - | €45,746 | - | - |
| Accrued charges and deferred income492/3 | - | €4,974 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,940 | -€19,787 | €28,244 | -€4,424 | €6,771 | ▲ 253% |
| + Depreciation and write-downs630 | €14,753 | €24,379 | €24,752 | €17,411 | €12,485 | ▼ 28.3% |
| Operating cash flow (approximation) | -€1,187 | €4,592 | €52,996 | €12,987 | €19,257 | ▲ 48.3% |
| Investment in fixed assets (approximation) | - | -€6,524 | -€420 | -€2,471 | €297 | ▲ 112% |
| Change in cash | - | -€315 | €30,773 | -€26,951 | -€1,482 | ▲ 94.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
31-12
Financial
Back to profitnet €6,771
Net result €6,771 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.85
Current ratio from 1.28 to 3.85; short-term debt falls from €334,902 to €38,487.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €28,244
Net result €28,244 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.98
Current ratio from 1.19 to 3.98; short-term debt falls from €336,032 to €32,073.
31-12
Financial
Equity above €100,000Eq €123,381 ▲29.7%
Equity rises from €95,137 to €123,381.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €7,190
Net result €7,190 after one loss-making year.
Show earlier events
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€26,056
Net result drops to -€26,056, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1999
Ground area
217 m²
Building footprint
114 m²
Volume, LiDAR
1,712 m³
Parcel 31804D0107/00P000, Flanders · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GRUPP
since 19992.090.372.566
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0107/00P000 | Flanders | 217 m² | 1 · 114 m² | 19.8 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,730 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464852506
Also
9925:BE0464852506
Registered
10-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.