Ribera
ActiveSummary
The computed 12-month bankruptcy probability of Ribera is 3.0% (moderate). The 2024 annual accounts show negative equity (-€202,237) and a net result of -€43,090. Equity is shrinking by ~73.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 9620 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability15▲+15
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.67 in 2023; short-term debt: 122.4% and cash: 8.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
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 2024Solvency, return and age of the figures
Solvency
-31.7%
Return on assets
-6.8%
Age of the figures
22 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€202,237
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 23-07-2025, 23 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
23 d late
2023
39 d early
2022
45 d early
2021
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 28 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€202,237▼ 27.1%
2023 · -€159,147
Total assets
€637,388▲ 12.5%
2023 · €566,443
Net result
-€43,090▲ 51.9%
2023 · -€89,659
Working capital
-€281,515▼ 32.4%
2023 · -€212,676
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€4,751--€83,668-€61,801▲ 26.1%-€18,555▲ 70.0%
Net result-€14,651--€104,837▼ 616%-€89,659▲ 14.5%-€43,090▲ 51.9%
Equity€35,349--€69,488-€159,147▼ 129%-€202,237▼ 27.1%
Total assets€678,269-€661,913▼ 2.4%€566,443▼ 14.4%€637,388▲ 12.5%
Debt€642,919-€731,400▲ 13.8%€725,591▼ 0.8%€839,625▲ 15.7%
Working capital€36,905--€116,228-€212,676▼ 83.0%-€281,515▼ 32.4%
Staff (FTE)10.4-9.7▼ 6.7%10.7▲ 10.3%10.3▼ 3.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,555 in 2024 against €61,801 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €637,388
Fixed assets
€138,615 ▼ 0.9%
Current assets
€498,773 ▲ 16.9%
Key figures and ratios
EBITDA
€13,644▲
2023 · -€31,664
Cash flow
-€10,891▲
2023 · -€59,522
Solvency
-31.7%▼
2023 · -28.1%
Current ratio
0.64▼
2023 · 0.67
Quick ratio
0.14▲
2023 · 0.09
Debt to equity
-4.15▲
2023 · -4.56
ROA
-6.8%▲
2023 · -15.8%
Interest coverage
0.56▲
2023 · -1.10
Debt ≤ 1 year
€780,288▲
2023 · €639,236
Debt > 1 year
€59,337▼
2023 · €86,355
Income taxes
€370
Staff costs
€477,302▲
2023 · €393,126
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €317,797 | €377,007 | €393,126 | €477,302 | ▲ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,566 | €27,703 | €30,138 | €32,199 | ▲ 6.8% |
| Other operating charges640/8 | €1,778 | €948 | €1,421 | €115 | ▼ 91.9% |
| Gross operating margin9900 | €338,891 | €321,991 | €362,884 | €491,062 | ▲ 35.3% |
| Operating profit (loss)9901 | €4,751 | -€83,668 | -€61,801 | -€18,555 | ▲ 70.0% |
| Financial income75/76B | €473 | €807 | €982 | - | - |
| Recurring financial income75 | €473 | €807 | €982 | - | - |
| Financial charges65/66B | €19,875 | €21,797 | €28,841 | €24,165 | ▼ 16.2% |
| Recurring financial charges65 | €19,875 | €21,797 | €28,841 | €24,165 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | -€14,651 | -€104,658 | -€89,659 | -€42,720 | ▲ 52.4% |
| Income taxes67/77 | - | €179 | - | €370 | - |
| Profit (loss) for the period9904 | -€14,651 | -€104,837 | -€89,659 | -€43,090 | ▲ 51.9% |
| Profit (loss) for the period to be appropriated9905 | -€14,651 | -€104,837 | -€89,659 | -€43,090 | ▲ 51.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €678,269 | €661,913 | €566,443 | €637,388 | ▲ 12.5% |
| Fixed assets21/28 | €138,516 | €160,006 | €139,883 | €138,615 | ▼ 0.9% |
| Tangible fixed assets22/27 | €138,516 | €160,006 | €139,883 | €138,615 | ▼ 0.9% |
| Plant, machinery and equipment23 | €138,516 | €158,847 | €139,152 | €138,310 | ▼ 0.6% |
| Furniture and vehicles24 | - | €1,159 | €732 | €305 | ▼ 58.4% |
| Current assets29/58 | €539,753 | €501,907 | €426,560 | €498,773 | ▲ 16.9% |
| Stocks and contracts in progress3 | €389,462 | €353,705 | €371,644 | €393,415 | ▲ 5.9% |
| Stocks30/36 | €389,462 | €353,705 | €371,644 | €393,415 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €19,790 | €17,361 | €29,672 | €43,283 | ▲ 45.9% |
| Trade receivables40 | - | - | €11,032 | €12,389 | ▲ 12.3% |
| Other amounts receivable41 | €19,790 | €17,361 | €18,640 | €30,893 | ▲ 65.7% |
| Cash at bank and in hand54/58 | €130,501 | €82,987 | €25,243 | €54,585 | ▲ 116% |
| Deferred charges and accrued income490/1 | - | €47,853 | - | €7,491 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €678,269 | €661,913 | €566,443 | €637,388 | ▲ 12.5% |
| Equity10/15 | €35,349 | -€69,488 | -€159,147 | -€202,237 | ▼ 27.1% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€14,651 | -€119,488 | -€209,147 | -€252,237 | ▼ 20.6% |
| Amounts payable17/49 | €642,919 | €731,400 | €725,591 | €839,625 | ▲ 15.7% |
| Amounts payable after more than one year17 | €140,071 | €113,266 | €86,355 | €59,337 | ▼ 31.3% |
| Financial debts170/4 | €140,071 | €113,266 | €86,355 | €59,337 | ▼ 31.3% |
| Amounts payable within one year42/48 | €502,848 | €618,135 | €639,236 | €780,288 | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | €26,700 | €26,805 | €26,911 | €27,018 | ▲ 0.4% |
| Trade debts44 | €443,247 | €556,734 | €575,883 | €650,688 | ▲ 13.0% |
| Suppliers440/4 | €443,247 | €556,734 | €575,883 | €650,688 | ▲ 13.0% |
| Taxes, remuneration and social security45 | €32,348 | €34,043 | €36,442 | €75,208 | ▲ 106% |
| Taxes450/3 | €4,124 | €9,639 | €2,253 | €6 | ▼ 99.7% |
| Remuneration and social security454/9 | €28,224 | €24,403 | €34,189 | €75,202 | ▲ 120% |
| Other amounts payable47/48 | €553 | €552 | - | €27,374 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,651 | -€104,837 | -€89,659 | -€43,090 | ▲ 51.9% |
| + Depreciation and write-downs630 | €14,566 | €27,703 | €30,138 | €32,199 | ▲ 6.8% |
| Operating cash flow (approximation) | -€84 | -€77,134 | -€59,522 | -€10,891 | ▲ 81.7% |
| Investment in fixed assets (approximation) | - | -€49,193 | -€10,015 | -€30,931 | ▼ 209% |
| Change in cash | - | -€47,514 | -€57,744 | €29,341 | ▲ 151% |
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
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 23 days late
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Weakest financial yearnet -€104,837
Net result drops to -€104,837, the lowest in the series; recovery starts the following year.
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Izegem · 1 establishment unit since 2020
Ground area
4.7 ha
Building footprint
1.4 ha
Volume, LiDAR
83,622 m³
Parcel 36494D0672/00N002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Ribera
since 20202.309.378.572
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0672/00N002 | Flanders | 4.7 ha | 1 · 1.4 ha | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 31,795 EUR awarded · 31,795 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 14,410 EUR | 14,410 EUR |
| 2024 | 3 | 14,115 EUR | 14,115 EUR |
| 2023 | 2 | 2,760 EUR | 3,135 EUR |
| 2022 | 1 | 510 EUR | 135 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyIzegem2.309.378.572
Dual-learning approval
6 live approvals · 1 endedCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Onthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 1 ended approval
Winkelbediende (so)
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,847. 4,502 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
Founded04-11-2020
Fiscal year end30-11
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.