Ribon
ActiveSummary
Ribon has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,351 and a net result of €60,787. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 73% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency86▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.15 against 3.6 in 2024; short-term debt: 25.4% and cash: 33.7% of total assets), and 39.2% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
60.8%
Return on assets
31%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
29 d late
2023
6 d early
2022
31 d late
2021
23 d late
2020
32 d early
2019
27 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€119,351▲ 24.0%
2024 · €96,232
Total assets
€196,395▲ 23.3%
2024 · €159,275
Net result
€60,787▲ 30.1%
2024 · €46,730
Working capital
€107,264▲ 9.7%
2024 · €97,807
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
Line20212022202320242025
Operating result€18,947-€5,583€16,608€66,052▲ 298%€84,378▲ 27.7%
Net result€13,362-€5,967€11,603€46,730▲ 303%€60,787▲ 30.1%
Equity€43,867▲ 43.8%€37,900▼ 13.6%€49,502▲ 30.6%€96,232▲ 94.4%€119,351▲ 24.0%
Total assets€68,298▲ 0.5%€56,361▼ 17.5%€117,210▲ 108%€159,275▲ 35.9%€196,395▲ 23.3%
Debt€24,431▼ 34.8%€18,462▼ 24.4%€67,708▲ 267%€63,043▼ 6.9%€77,044▲ 22.2%
Working capital€36,420▲ 57.4%€32,724▼ 10.1%€69,951▲ 114%€97,807▲ 39.8%€107,264▲ 9.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,395
Fixed assets
€39,327 ▲ 65.3%
Current assets
€157,068 ▲ 15.9%
Equity and liabilities €196,395
Equity
€119,351 ▲ 24.0%
Debt
€77,044 ▲ 22.2%
Debt's share of the balance-sheet total falls from 39.6% to 39.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89,420▲
2024 · €69,085
Cash flow
€65,828▲
2024 · €49,763
Current ratio
3.15▼
2024 · 3.60
Debt to equity
0.65▼
2024 · 0.66
ROE
50.9%▲
2024 · 48.6%
ROA
31.0%▲
2024 · 29.3%
Interest coverage
90.62▲
2024 · 47.53
Debt ≤ 1 year
€49,804▲
2024 · €37,672
Debt > 1 year
€18,984▼
2024 · €23,871
Income taxes
€25,510▲
2024 · €20,136
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
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 0.3% 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 497,058 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% | 1.6% |
| 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 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 26,964 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €459 | €766 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,827 | €7,956 | €4,993 | €3,034 | €5,042 | ▲ 66.2% |
| Other operating charges640/8 | €744 | €694 | €2,174 | €1,847 | €931 | ▼ 49.6% |
| Gross operating margin9900 | €27,977 | €3,832 | €23,775 | €70,933 | €90,351 | ▲ 27.4% |
| Operating profit (loss)9901 | €18,947 | -€5,583 | €16,608 | €66,052 | €84,378 | ▲ 27.7% |
| Financial income75/76B | €725 | €762 | €1,807 | €2,268 | €2,905 | ▲ 28.1% |
| Recurring financial income75 | €725 | €762 | €1,807 | €2,268 | €2,905 | ▲ 28.1% |
| Financial charges65/66B | €567 | €340 | €717 | €1,453 | €987 | ▼ 32.1% |
| Recurring financial charges65 | €567 | €340 | €717 | €1,453 | €987 | ▼ 32.1% |
| Profit (loss) for the period before taxes9903 | €19,106 | -€5,161 | €17,698 | €66,866 | €86,297 | ▲ 29.1% |
| Income taxes67/77 | €5,744 | €806 | €6,096 | €20,136 | €25,510 | ▲ 26.7% |
| Profit (loss) for the period9904 | €13,362 | -€5,967 | €11,603 | €46,730 | €60,787 | ▲ 30.1% |
| Profit (loss) for the period to be appropriated9905 | €13,362 | -€5,967 | €11,603 | €46,730 | €60,787 | ▲ 30.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,298 | €56,361 | €117,210 | €159,275 | €196,395 | ▲ 23.3% |
| Fixed assets21/28 | €12,123 | €5,175 | €8,288 | €23,796 | €39,327 | ▲ 65.3% |
| Intangible fixed assets21 | - | - | €1,700 | €1,000 | €300 | ▼ 70.0% |
| Tangible fixed assets22/27 | €12,123 | €5,175 | €6,588 | €22,796 | €39,027 | ▲ 71.2% |
| Plant, machinery and equipment23 | €1,234 | €557 | €0 | €834 | €2,006 | ▲ 141% |
| Furniture and vehicles24 | €10,888 | €4,619 | €6,588 | €4,877 | €7,221 | ▲ 48.1% |
| Other tangible fixed assets26 | - | - | - | €17,085 | €29,801 | ▲ 74.4% |
| Current assets29/58 | €56,176 | €51,186 | €108,922 | €135,479 | €157,068 | ▲ 15.9% |
| Amounts receivable after more than one year29 | €26,146 | €32,266 | €35,352 | €59,948 | €47,260 | ▼ 21.2% |
| Other amounts receivable291 | €26,146 | €32,266 | €35,352 | €59,948 | €47,260 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €4,096 | €14,683 | €7,261 | €7,258 | €42,461 | ▲ 485% |
| Trade receivables40 | €4,096 | €14,526 | €7,256 | €7,077 | €42,309 | ▲ 498% |
| Other amounts receivable41 | - | €158 | €5 | €182 | €152 | ▼ 16.5% |
| Cash at bank and in hand54/58 | €23,998 | €2,235 | €65,450 | €66,868 | €66,153 | ▼ 1.1% |
| Deferred charges and accrued income490/1 | €1,936 | €2,003 | €859 | €1,404 | €1,194 | ▼ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,298 | €56,361 | €117,210 | €159,275 | €196,395 | ▲ 23.3% |
| Equity10/15 | €43,867 | €37,900 | €49,502 | €96,232 | €119,351 | ▲ 24.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €37,667 | €37,667 | €43,302 | €90,032 | €113,151 | ▲ 25.7% |
| Distributable reserves133 | €37,667 | €37,667 | €43,302 | €90,032 | €113,151 | ▲ 25.7% |
| Profit (loss) carried forward14 | - | -€5,967 | €0 | - | €0 | - |
| Amounts payable17/49 | €24,431 | €18,462 | €67,708 | €63,043 | €77,044 | ▲ 22.2% |
| Amounts payable after more than one year17 | €4,675 | - | €28,590 | €23,871 | €18,984 | ▼ 20.5% |
| Financial debts170/4 | €4,675 | - | €28,590 | €23,871 | €18,984 | ▼ 20.5% |
| Amounts payable within one year42/48 | €19,756 | €18,462 | €38,970 | €37,672 | €49,804 | ▲ 32.2% |
| Current portion of amounts payable after more than one year42 | €6,856 | €4,675 | €4,557 | €4,719 | €4,887 | ▲ 3.6% |
| Trade debts44 | €5,400 | €3,928 | €13,619 | €6,409 | €10,489 | ▲ 63.7% |
| Suppliers440/4 | €5,400 | €3,928 | €13,619 | €6,409 | €10,489 | ▲ 63.7% |
| Taxes, remuneration and social security45 | €7,499 | €9,858 | €20,795 | €26,544 | €34,429 | ▲ 29.7% |
| Taxes450/3 | €7,499 | €9,858 | €20,795 | €26,544 | €34,429 | ▲ 29.7% |
| Accrued charges and deferred income492/3 | - | - | €147 | €1,500 | €8,256 | ▲ 450% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,362 | -€5,967 | €11,603 | €46,730 | €60,787 | ▲ 30.1% |
| + Depreciation and write-downs630 | €7,827 | €7,956 | €4,993 | €3,034 | €5,042 | ▲ 66.2% |
| Operating cash flow (approximation) | €21,189 | €1,988 | €16,596 | €49,763 | €65,828 | ▲ 32.3% |
| Investment in fixed assets (approximation) | - | -€1,008 | -€8,106 | -€18,542 | -€20,573 | ▼ 11.0% |
| Change in cash | - | -€21,763 | €63,215 | €1,419 | -€715 | ▼ 150% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €60,787 ▲30.1%
Operating result €84,378, net result €60,787, both a record.
31-12
Financial
Equity above €100,000Eq €119,351 ▲24%
3 profitable years in a row build equity to €119,351.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11,603
Net result €11,603 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€5,967
Net result drops to -€5,967, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €13,362
Net result €13,362 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
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, Heusden-Zolder · 1 establishment unit since 2018
Ground area
2,044 m²
Building footprint
564 m²
Volume, LiDAR
4,589 m³
Parcel 71025A1218/00B000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Ribon
since 20182.279.661.732
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1218/00B000 | Flanders | 2,044 m² | 1 · 564 m² | 11.1 m · 3 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
2023 · 1 entry · 135 EUR awarded · 135 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 135 EUR | 135 EUR |
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,350 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
Founded18-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704735484
Registered
05-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.