RING PHARMA
ActiveRING PHARMA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-105k. Equity is shrinking by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 7027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-10
Solvency25▼-5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.6 against 41.49 in 2024; short-term debt: 1.2% and cash: 4.3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
-0.2%
Return on assets
-6.7%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d early
2023
1 d early
2022
2 d early
2021
2 d early
2020
on the day
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-2k
2024 · €103k
2018: €345k
2019: €320k
2020: €269k
2021: €252k
2022: €198k
2023: €97k
2024: €103k
2018 → 2025
Total assets
€1.57M▼ 26.5%
2024 · €2.14M
2018: €2.47M
2019: €2.41M
2020: €2.58M
2021: €2.47M
2022: €2.79M
2023: €2.42M
2024: €2.14M
2018 → 2025
Net result
€-105k
2024 · €5k
2018: €-11k
2019: €-26k
2020: €-51k
2021: €-17k
2022: €-54k
2023: €-100k
2024: €5k
2018 → 2025
Working capital
€88k▼ 87.3%
2024 · €698k
2018: €700k
2019: €655k
2020: €826k
2021: €978k
2022: €1.25M
2023: €960k
2024: €698k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€252k-€198k▼ 21.4%€97k▼ 50.7%€103k▲ 5.2%€-2k
Operating result€63k-€39k▼ 37.9%€-3k€16k€-3k
Net result€-17k-€-54k▼ 211%€-100k▼ 85.8%€5k€-105k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €16k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.57M
Fixed assets
€1.46M▲ 2.9%
Current assets
€108k▼ 85.0%
Key figures and ratios
EBITDA
€13k▼
2024 · €33k
Cash flow
€-88k▼
2024 · €22k
Solvency
-0.2%▼
2024 · 4.8%
Current ratio
5.60▼
2024 · 41.49
Quick ratio
5.60▼
2024 · 41.49
ROA
-6.7%▼
2024 · 0.2%
Interest coverage
0.12▼
2024 · 0.28
Debt
€1.57M▼
2024 · €2.04M
Debt ≤ 1 year
€19k▲
2024 · €17k
Debt > 1 year
€1.55M▼
2024 · €2.02M
A ratio outside any meaningful range has been withheld (balance sheet total €1.57M, equity €-2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.14M€1.57M▼
Fixed assets21/28€1.42M€1.46M▲
Tangible fixed assets22/27€552k€593k▲
Land and buildings22€514k€497k▼
Plant, machinery and equipment23-€58k
Furniture and vehicles24€38k€38k=
Financial fixed assets28€871k€871k=
Current assets29/58€715k€108k▼
Amounts receivable within one year40/41€522k€39k▼
Trade receivables40-€38k
Other amounts receivable41€522k€2k▼
Cash at bank and in hand54/58€193k€68k▼
Equity and liabilities
Total equity and liabilities10/49€2.14M€1.57M▼
Equity10/15€103k€-2k▼
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€250k€250k=
Uncalled capital101€50k€50k=
Reserves13€156k€156k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€131k€131k=
Profit (loss) carried forward14€-254k€-359k▼
Amounts payable17/49€2.04M€1.57M▼
Amounts payable after more than one year17€2.02M€1.55M▼
Financial debts170/4€2.02M€1.55M▼
Amounts payable within one year42/48€17k€19k▲
Trade debts44€4k€475▼
Suppliers440/4€4k€475▼
Taxes, remuneration and social security45€13k-
Taxes450/3€13k-
Other amounts payable47/48€367€19k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k=
Other operating charges640/8€5k€9k▲
Gross operating margin9900€38k€22k▼
Operating profit (loss)9901€16k€-3k▼
Financial income75/76B€106k€14k▼
Recurring financial income75€106k€14k▼
Financial charges65/66B€117k€115k▼
Recurring financial charges65€117k€115k▼
Profit (loss) for the period before taxes9903€5k€-105k▼
Profit (loss) for the period9904€5k€-105k▼
Profit (loss) for the period to be appropriated9905€5k€-105k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-254k€-359k▼
Profit (loss) brought forward from the previous period14P€-259k€-254k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-105k ▼2184%
Net result drops to €-105k, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €5k
Net result €5k after 6 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 41.49
Current ratio from 18.23 to 41.49; short-term debt falls from €56k to €17k.
30-09
Financial
Equity above €100kEq €103k ▲5.2%
Equity rises from €97k to €103k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Grimbergen · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kerkeblokstraat 5-71850 GrimbergenGround area
8,770 m²
Building footprint
1,021 m²
Volume, LiDAR
8,479 m³
Parcel 23402E0391/00E000, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kerkeblokstraat 5-7, 1850 Grimbergen
since 20002.131.842.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0391/00E000 | Flanders | 8,770 m² | 1 · 1,021 m² | 13.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 1,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-08-2000
Fiscal year end30-09
Activities, NACEBEL
73200Market research and public opinion polling
74131
46150Agents in the wholesale of furniture, household goods and hardware
51150
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.