Debts
€298,995 of the debts are secured on the company's own assets.
€298,995 of the debts are secured on the company's own assets.
Less equity than 81% of companies in real estate. Sector median €300,933 · 11,293 companies.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 22% of them on solvency, 5% on liquidity and 20% on profitability.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 120 companies had the same profile as Ribus Construct has now. Each dot is one company, two years later.
The bankruptcy probability of Ribus Construct itself is lower: 0.3% within 12 months. It rests on far more data about Ribus Construct than the profile alone.
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 120 companies, not a prediction for Ribus Construct. 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.
Liquidity is tight, with a current ratio of 1.02, below the usual 1.5. Short-term debt is 98.2% and cash 1.6% of total assets. 98.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Ribus Construct Hasselt | €486,044 | €5,144 | 1.8% | - |
| LE DOMAINE DU MONT GARNI Saint-Ghislain | €371,685 | €8,054 | -1.4% | - |
| TechSalE Hasselt | €671,005 | -€3,407 | 0.4% | - |
| BEMA Construct As | €309,448 | €1,638 | 1.1% | - |
| La Bricc Construct Hulshout | €470,781 | €5,455 | 1.0% | 0 |
| BOSTOEN BUILDING Frasnes-lez-Anvaing | €413,632 | €15,212 | 7.4% | - |
| VKS Projects Haaltert | €502,676 | €19,194 | -1.8% | - |
These companies have the same main activity as Ribus Construct: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €309,000 and €671,000, founded between 2024 and 2025.
Ribus Construct has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,865 and a net result of -€1,135.
Its solvency ranks better than 20% of 11,288 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €21,000. Estimated: probably between €11,000 and €67,000.
Amounts without an identifiable currency are taken as euros.
Higher than 20% of 11,288 companies in 2025.
Higher than 45% of 10,839 companies in 2025.
Higher than 36% of 11,173 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
Total assets20/58 |
486,044 | |
Formation expenses20 |
686 | |
Current assets29/58 |
485,357 | |
Stocks and contracts in progress3 |
419,614 | |
Stocks30/36 |
419,614 | |
Amounts receivable within one year40/41 |
58,120 | |
Other amounts receivable41 |
58,120 | |
Cash at bank and in hand54/58 |
7,623 | |
| Balance sheet: equity and liabilities | ||
Total equity and liabilities10/49 |
486,044 | |
Equity10/15 |
8,865 | |
Contributions10/11 |
10,000 | |
Profit (loss) carried forward14 |
-1,135 | |
Amounts payable17/49 |
477,179 | |
Amounts payable within one year42/48 |
477,179 | |
Financial debts43 |
298,995 | |
Credit institutions430/8 |
298,995 | |
Trade debts44 |
57,477 | |
Suppliers440/4 |
57,477 | |
Other amounts payable47/48 |
120,707 | |
| Income statement | ||
Gross operating margin9900 |
5,144 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
491 | |
Other operating charges640/8 |
5,661 | |
Operating profit (loss)9901 |
-1,009 | |
Financial charges65/66B |
126 | |
Recurring financial charges65 |
126 | |
Profit (loss) for the period before taxes9903 |
-1,135 | |
Profit (loss) for the period9904 |
-1,135 | |
Profit (loss) for the period to be appropriated9905 |
-1,135 | |
| Appropriation of the result | ||
Profit (loss) to be appropriated9906 |
-1,135 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00275105 |
| Line | Trend | 2025 |
|---|---|---|
| EBITDA | -517 | |
| Cash flow | -644 | |
| Working capital | 8,179 | |
| Solvency | 1.8% | |
| Current ratio | 1.02 | |
| Quick ratio | 0.14 | |
| Debt to equity | 53.83 | |
| ROE | -12.8% | |
| ROA | -0.2% | |
| Interest coverage | -4.10 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Debts secured on the company's own assets | €298,995 |
| Mortgages, amount registered | €110,000 |
| Mortgage mandates | €2.6m |
| Carrying value of the mortgaged assets | €419,614 |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Debt's share of the balance-sheet total is 98.2%.
Source: list of holdings in the 2025 accounts of VASO Constructions. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group VASO Constructions Group, risk and exposure| LAPIS
registered office since 27-10-2020 · founded in 2020 |
total assets €33.7m (2025) 0757.532.485 |
| GV CONSTRUCT
registered office since 08-05-2020 · founded in 2020 · negative equity (2025) |
total assets €17.0m (2025) 0746.783.994 |
| VASO Constructions
registered office since 28-06-2011 · founded in 2011 |
total assets €16.6m (2025) 0837.349.728 |
| GV GROND
registered office since 15-03-2018 · founded in 2018 |
total assets €16.1m (2025) 0692.594.549 |
| VMS HOLDING
registered office since 03-09-2020 · founded in 2020 |
total assets €9.9m (2025) 0753.655.356 |
| GUV Construct
registered office since 20-08-2020 · founded in 2020 |
total assets €8.7m (2025) 0752.770.082 |
| SOMAVA
registered office since 13-08-2021 · founded in 2021 |
total assets €7.5m (2025) 0772.546.305 |
| VGV INVEST
registered office since 25-09-2018 · founded in 2018 · negative equity (2025) |
total assets €7.4m (2025) 0704.989.367 |
| ED SOMERS INVEST
registered office since 24-08-2006 · founded in 2006 |
total assets €6.9m (2025) 0880.297.467 |
| SCHUTTERSHOF Budgethuur
registered office since 05-02-2024 · founded in 2024 |
total assets €6.7m (2025) 1005.605.829 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kolonel Dusartplein 20 registered office 3500 Hasselt | 01-07-2025 | 2.380.657.142 |
| 13-06-2026 | Under review | Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen project 2026074696 | Bilzen-Hoeselt |
| 20-04-2026 | Refused | Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 17-10-2025 · project 2025118530 | Bilzen-Hoeselt |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71022H0530/00R003 | 789 m² | 1 · 257 m² | 17.6 m · 5 |
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