RIDGE PLUS
ActiveSummary
RIDGE PLUS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €489,333 and a net result of €102,846. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 64% of 7676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · fiscal year 2025, micro schema
Turnover
€19,484
EBIT margin
-55.0%
Net result
€102,846▼ 14.8%
2024 · €120,682
Working capital
€360,318▲ 17.8%
2024 · €305,936
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€103,162▲ 12.2%€100,627▼ 2.5%€91,192▼ 9.4%€146,053▲ 60.2%€120,247▼ 17.7%
Net result€69,724above the sector's middle half▲ 12.1%€82,235above the sector's middle half▲ 17.9%€105,786above the sector's middle half▲ 28.6%€120,682above the sector's middle half▲ 14.1%€102,846above the sector's middle half▼ 14.8%
EBIT margin
Equity€165,452above the sector's middle half▲ 8.9%€226,010above the sector's middle half▲ 36.6%€331,796above the sector's middle half▲ 46.8%€452,478above the sector's middle half▲ 36.4%€489,333above the sector's middle half▲ 8.1%
Total assets€445,958above the sector's middle half▲ 25.4%€467,449above the sector's middle half▲ 4.8%€526,103above the sector's middle half▲ 12.5%€623,117above the sector's middle half▲ 18.4%€707,322above the sector's middle half▲ 13.5%
Debt€280,506▲ 37.6%€241,439▼ 13.9%€194,307▼ 19.5%€170,639▼ 12.2%€217,989▲ 27.7%
Working capital€58,414within the sector's middle half▼ 34.8%€121,127above the sector's middle half▲ 107%€228,077above the sector's middle half▲ 88.3%€305,936above the sector's middle half▲ 34.1%€360,318above the sector's middle half▲ 17.8%
Solvency37.1%within the sector's middle half▼ 5.6pp48.3%within the sector's middle half▲ 11.2pp63.1%within the sector's middle half▲ 14.7pp72.6%within the sector's middle half▲ 9.5pp69.2%within the sector's middle half▼ 3.4pp
Current ratio1.61within the sector's middle half▼ 1.562.64within the sector's middle half▲ 1.036.15above the sector's middle half▲ 3.528.98above the sector's middle half▲ 2.834.49above the sector's middle half▼ 4.49
Return on assets (ROA)15.6%within the sector's middle half▼ 1.9pp17.6%within the sector's middle half▲ 2.0pp20.1%within the sector's middle half▲ 2.5pp19.4%within the sector's middle half▼ 0.7pp14.5%within the sector's middle half▼ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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 falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €707,322
Fixed assets
€243,869 ▼ 12.5%
Current assets
€463,453 ▲ 34.6%
Equity and liabilities €707,322
Equity
€489,333 ▲ 8.1%
Debt
€217,989 ▲ 27.7%
Debt's share of the balance-sheet total rises from 27.4% to 30.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€155,234▼
2024 · €170,227
Cash flow
€137,833▼
2024 · €144,856
Debt to equity
0.45▲
2024 · 0.38
ROE
21.0%▼
2024 · 26.7%
Interest coverage
19.62▼
2024 · 41.80
Debt ≤ 1 year
€103,135▲
2024 · €38,325
Debt > 1 year
€114,854▼
2024 · €132,314
Income taxes
€48,835▼
2024 · €53,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 17,811 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 | €4,177 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,695 | €21,049 | €18,565 | €24,174 | €34,988 | ▲ 44.7% |
| Other operating charges640/8 | €1,579 | €1,206 | €1,177 | €4,768 | €2,396 | ▼ 49.8% |
| Gross operating margin9900 | €124,435 | €122,882 | €110,935 | €174,995 | €157,630 | ▼ 9.9% |
| Operating profit (loss)9901 | €103,162 | €100,627 | €91,192 | €146,053 | €120,247 | ▼ 17.7% |
| Financial income75/76B | €756 | €20,960 | €64,920 | €32,240 | €39,344 | ▲ 22.0% |
| Recurring financial income75 | €756 | €20,960 | €64,920 | €32,240 | €39,344 | ▲ 22.0% |
| Financial charges65/66B | €4,304 | €3,917 | €3,732 | €4,073 | €7,910 | ▲ 94.2% |
| Recurring financial charges65 | €4,304 | €3,917 | €3,732 | €4,073 | €7,910 | ▲ 94.2% |
| Profit (loss) for the period before taxes9903 | €99,614 | €117,669 | €152,381 | €174,220 | €151,681 | ▼ 12.9% |
| Income taxes67/77 | €29,889 | €35,434 | €46,594 | €53,538 | €48,835 | ▼ 8.8% |
| Profit (loss) for the period9904 | €69,724 | €82,235 | €105,786 | €120,682 | €102,846 | ▼ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €69,724 | €82,235 | €105,786 | €120,682 | €102,846 | ▼ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €445,958 | €467,449 | €526,103 | €623,117 | €707,322 | ▲ 13.5% |
| Fixed assets21/28 | €291,641 | €272,329 | €253,764 | €278,857 | €243,869 | ▼ 12.5% |
| Tangible fixed assets22/27 | €291,641 | €272,329 | €253,764 | €278,857 | €243,869 | ▼ 12.5% |
| Land and buildings22 | €251,780 | €235,754 | €222,220 | €208,686 | €195,152 | ▼ 6.5% |
| Plant, machinery and equipment23 | €36,222 | €33,671 | €29,375 | €25,079 | €20,784 | ▼ 17.1% |
| Furniture and vehicles24 | €3,639 | €2,904 | €2,168 | €45,091 | €27,933 | ▼ 38.1% |
| Current assets29/58 | €154,317 | €195,121 | €272,340 | €344,260 | €463,453 | ▲ 34.6% |
| Amounts receivable after more than one year29 | - | - | €20,500 | €43,115 | €66,019 | ▲ 53.1% |
| Other amounts receivable291 | - | - | €20,500 | €43,115 | €66,019 | ▲ 53.1% |
| Amounts receivable within one year40/41 | €1,457 | €14,698 | €8,292 | €259 | €14,119 | ▲ 5,343% |
| Trade receivables40 | - | €11,998 | €6,532 | €0 | €1,200 | - |
| Other amounts receivable41 | €1,457 | €2,701 | €1,760 | €259 | €12,919 | ▲ 4,880% |
| Current investments50/53 | €20,000 | €61,010 | €83,252 | €145,729 | €140,521 | ▼ 3.6% |
| Cash at bank and in hand54/58 | €132,365 | €118,864 | €160,148 | €154,572 | €241,862 | ▲ 56.5% |
| Deferred charges and accrued income490/1 | €496 | €549 | €148 | €586 | €932 | ▲ 59.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €445,958 | €467,449 | €526,103 | €623,117 | €707,322 | ▲ 13.5% |
| Equity10/15 | €165,452 | €226,010 | €331,796 | €452,478 | €489,333 | ▲ 8.1% |
| Contributions10/11 | €6,200 | €8,060 | €8,060 | €6,200 | €6,200 | = |
| Reserves13 | €159,252 | €217,950 | €323,736 | €446,278 | €483,133 | ▲ 8.3% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €157,392 | €217,950 | €323,736 | €446,278 | €483,133 | ▲ 8.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €280,506 | €241,439 | €194,307 | €170,639 | €217,989 | ▲ 27.7% |
| Amounts payable after more than one year17 | €184,525 | €167,446 | €150,044 | €132,314 | €114,854 | ▼ 13.2% |
| Financial debts170/4 | €184,525 | €167,446 | €150,044 | €132,314 | €114,854 | ▼ 13.2% |
| Amounts payable within one year42/48 | €95,903 | €73,993 | €44,263 | €38,325 | €103,135 | ▲ 169% |
| Current portion of amounts payable after more than one year42 | €17,184 | €17,508 | €17,839 | €18,176 | €17,974 | ▼ 1.1% |
| Trade debts44 | €1,621 | €652 | €174 | €5,476 | €4,711 | ▼ 14.0% |
| Suppliers440/4 | €1,621 | €652 | €174 | €5,476 | €4,711 | ▼ 14.0% |
| Taxes, remuneration and social security45 | €18,287 | €28,303 | €20,040 | €11,955 | €15,629 | ▲ 30.7% |
| Taxes450/3 | €18,287 | €28,303 | €20,040 | €11,955 | €15,629 | ▲ 30.7% |
| Other amounts payable47/48 | €58,811 | €27,530 | €6,210 | €2,718 | €64,821 | ▲ 2,285% |
| Accrued charges and deferred income492/3 | €78 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,724 | €82,235 | €105,786 | €120,682 | €102,846 | ▼ 14.8% |
| + Depreciation and write-downs630 | €19,695 | €21,049 | €18,565 | €24,174 | €34,988 | ▲ 44.7% |
| Operating cash flow (approximation) | €89,419 | €103,284 | €124,351 | €144,856 | €137,833 | ▼ 4.8% |
| Investment in fixed assets (approximation) | - | -€1,737 | €0 | -€49,267 | €0 | ▲ 100% |
| Change in cash | - | -€13,501 | €41,284 | -€5,576 | €87,291 | ▲ 1,665% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
GOSSIM
BE 0478.147.939
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PROXIMA ONE
BE 0760.585.908
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Zenith Graphics Building Signs
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Trenmor Belgium
BE 0746.463.795
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VaBoCon
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Lennik · Eq €490,074
Of 13,419 companies in this sector we hold annual accounts for 6,965. 4,228 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 1 entry · €201 awarded · €201 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €201 | €201 |