Ribo
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 49 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €170,000
Estimated: probably between €77,000 and €400,000
Total assets
€2.3m▲ 13.2%
2024 · €2.0m
Net result
-€26,971▼ 129%
2024 · -€11,757
Working capital
€542,993▲ 3.5%
2024 · €524,717
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€19,968
▼ 1,671%
2025
20182025
Net result
-€26,971
▼ 129%
2025
20182025
Equity
€950,630
▼ 2.8%
2025
20182025
Total assets
€2.3m
▲ 13.2%
2025
20182025
Debt
€1.1m
▲ 35.0%
2025
20182025
Working capital
€542,993
▲ 3.5%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m--€0.03m-€0.03m▼ 3.8%-€0.01m▲ 60.3%-€0.02m▼ 94.3%-€0.03m▼ 31.4%-€0.001m▲ 96.2%-€0.02m▼ 1,671%
Net result€0.007m--€0.04m-€0.04m▲ 1.8%-€0.03m▲ 38.5%-€0.03m▼ 30.9%-€0.04m▼ 24.0%-€0.01m▲ 71.8%-€0.03m▼ 129%
Equity€1.2m-€1.1m▼ 3.6%€1.1m▼ 3.7%€1.1m▼ 2.4%€1.0m▼ 3.2%€1.0m▼ 4.0%€1.0m▼ 1.2%€1.0m▼ 2.8%
Total assets€2.6m-€2.5m▼ 5.8%€2.1m▼ 14.3%€2.1m▼ 0.9%€2.1m▼ 1.2%€2.0m▼ 3.0%€2.0m▼ 0.9%€2.3m▲ 13.2%
Debt€1.2m-€1.1m▼ 8.3%€0.8m▼ 25.2%€0.8m▲ 1.6%€0.9m▲ 1.7%€0.9m▼ 1.5%€0.9m=€1.1m▲ 35.0%
Working capital€0.2m-€0.2m▲ 6.5%€0.5m▲ 108%€0.5m▲ 5.6%€0.5m▼ 1.4%€0.5m▲ 1.5%€0.5m▲ 7.6%€0.5m▲ 3.5%
The operating result for 2025 is a loss of €19,968, larger than the loss of €1,127 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.1m ▼ 3.4%
Current assets
€1.2m ▲ 34.3%
Equity and liabilities €2.3m
Equity
€950,630 ▼ 2.8%
Provisions
€157,650 ▼ 4.2%
Debt
€1.1m ▲ 35.0%
Debt's share of the balance-sheet total rises from 42.7% to 50.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18,355▼
2024 · €37,195
Cash flow
€11,351▼
2024 · €26,565
Current ratio
1.85▼
2024 · 2.47
Debt to equity
1.21▲
2024 · 0.87
ROE
-2.8%▼
2024 · -1.2%
ROA
-1.2%▼
2024 · -0.6%
Interest coverage
1.32▼
2024 · 2.13
Debt ≤ 1 year
€640,691▲
2024 · €356,888
Debt > 1 year
€374,150=
2024 · €374,150
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €21,204 | - | - | - |
| Depreciation and write-downs of the year | €38,322 | €38,322 | €38,322 | €38,322 | €38,322 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,703 | €46,703 | €38,322 | €38,322 | €38,322 | €38,322 | €38,322 | €38,322 | = |
| Other operating charges640/8 | - | - | - | €5,077 | €1,834 | €8,254 | €5,386 | €3,537 | ▼ 34.3% |
| Gross operating margin9900 | €80,443 | €22,241 | €20,883 | €31,671 | €17,367 | €16,620 | €42,581 | €21,892 | ▼ 48.6% |
| Operating profit (loss)9901 | €28,713 | -€28,436 | -€29,530 | -€11,728 | -€22,789 | -€29,956 | -€1,127 | -€19,968 | ▼ 1,671% |
| Financial income75/76B | - | - | - | - | - | - | €5 | €16 | ▲ 195% |
| Recurring financial income75 | €11,517 | €81 | €0 | - | - | - | €5 | €16 | ▲ 195% |
| Financial charges65/66B | - | - | - | €20,756 | €17,570 | €18,050 | €17,475 | €13,860 | ▼ 20.7% |
| Recurring financial charges65 | €27,046 | €21,773 | €18,643 | €20,756 | €17,570 | €18,050 | €17,475 | €13,860 | ▼ 20.7% |
| Profit (loss) for the period before taxes9903 | €13,184 | -€50,127 | -€48,173 | -€32,484 | -€40,359 | -€48,006 | -€18,597 | -€33,811 | ▼ 81.8% |
| Transfer from deferred taxes780 | - | - | - | €6,840 | €6,840 | €6,840 | €6,840 | €6,840 | = |
| Income taxes67/77 | €13,500 | €0 | €23,500 | - | €39 | €459 | - | - | - |
| Profit (loss) for the period9904 | €7,333 | -€42,478 | -€41,694 | -€25,643 | -€33,558 | -€41,624 | -€11,757 | -€26,971 | ▼ 129% |
| Transfer from tax-exempt reserves789 | - | - | - | €27,362 | €27,362 | €27,362 | €27,362 | €27,362 | = |
| Profit (loss) for the period to be appropriated9905 | €37,930 | -€11,881 | €78,221 | €1,718 | -€6,196 | -€14,262 | €15,605 | €391 | ▼ 97.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.6m | €2.5m | €2.1m | €2.1m | €2.1m | €2.0m | €2.0m | €2.3m | ▲ 13.2% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €1.6m | €1.6m | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.4% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.6m | €1.5m | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.5% |
| Land and buildings22 | - | - | - | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 3.5% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €1.2m | ▲ 34.3% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €0.4m | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €0.4m | - |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.0m | €0.8m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | ▼ 0.2% |
| Trade receivables40 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 5.0% |
| Other amounts receivable41 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.07m | €0.01m | €0.03m | €0.008m | €0.01m | €0.05m | €0.002m | ▼ 95.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.6m | €2.5m | €2.1m | €2.1m | €2.1m | €2.0m | €2.0m | €2.3m | ▲ 13.2% |
| Equity10/15 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 2.8% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €1.2m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €0.9m | ▼ 2.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | - | - |
| Other1319 | - | - | - | - | - | - | - | €0.002m | - |
| Tax-exempt reserves132 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 4.2% |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.2% |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.2% |
| Amounts payable17/49 | €1.2m | €1.1m | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | €1.1m | ▲ 35.0% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Amounts payable within one year42/48 | €0.8m | €0.7m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.6m | ▲ 79.5% |
| Trade debts44 | €0.1m | €0.009m | €0.03m | €0.02m | €0.04m | €0.01m | - | - | - |
| Suppliers440/4 | - | - | - | €0.02m | €0.04m | €0.01m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0.01m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.6m | ▲ 79.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.07m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 11.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,333 | -€42,478 | -€41,694 | -€25,643 | -€33,558 | -€41,624 | -€11,757 | -€26,971 | ▼ 129% |
| + Depreciation and write-downs630 | €46,703 | €46,703 | €38,322 | €38,322 | €38,322 | €38,322 | €38,322 | €38,322 | = |
| Operating cash flow (approximation) | €54,036 | €4,225 | -€3,372 | €12,679 | €4,764 | -€3,302 | €26,565 | €11,351 | ▼ 57.3% |
| Investment in fixed assets (approximation) | - | €0 | €281,450 | €0 | -€21,204 | €0 | €0 | €0 | - |
| Change in cash | - | €27,568 | -€60,306 | €20,935 | -€24,761 | €6,589 | €34,919 | -€47,029 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as Ribo has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Ribo itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for Ribo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00263681 | |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00387396 | |
| 31-12-2023 | micro format | 14-08-2024 | 2024-00345020 | |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00242372 | |
| 31-12-2021 | micro format | 12-08-2022 | 2022-20285574 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-53000089 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-45500349 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-44700221 | |
| 31-12-2017 | micro format | 19-07-2018 | 2018-34400498 | |
| 31-12-2016 | micro format | 18-08-2017 | 2017-44100316 |