Ring Station X

Active

Public limited companyfounded 20179 yrs activeTweestationsstraat 80, 1070 Anderlecht, BelgiumKBO/BCE: BE 0670.657.406

Summary

Ring Station X has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,833 and a net result of €67,180. Equity is shrinking by ~19.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 15% of 5669 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch Report Compare

Ring Station XActiveChecked score 86/100

Risk analysis Report Compare

Activity

Buying and selling of own real estate

NACE 68110NACE 68100

Size

€1.3mtotal assets 2025

Equity: €27,833
Profit: €67,180

Financial health

86 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.3%

Structure

Parent: VIRIX · 99.94%
Board: 2 members

Accounts 43 d early1 of 9 deeds read

Why 86- Equity €27,833 (2.2% of total assets)- No establishment unit in the KBO+ Size: total assets €1.3m+ Figures for FY 2025 (filed 18-06-2026)Show the evidence

Checked score

Score 2025

86 / 100

Excellent

Probability in this band: under 0.55%

Better than 41% of its sector peers (NACE 68, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 27+6

equity 2.2% of total assets

Liquidity 1+1

short-term debt 97.8% · cash 0.5%

Profitability 51+27

return on assets 5.4%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,529 companies)

Last 24 months 11-2024: 1.2% 12-2024: 1.2%● 0.0% vs 11-2024 01-2025: 1.2%● 0.0% vs 12-2024 02-2025: 1.2%● 0.0% vs 01-2025 03-2025: 1.2%▼ -0.1% vs 02-2025 04-2025: 1.1%▼ -7.8% vs 03-2025 05-2025: 1.0%▼ -2.1% vs 04-2025 06-2025: 1.0%▼ -7.3% vs 05-2025 07-2025: 1.1%▲ +8.2% vs 06-2025 08-2025: 1.4%▲ +34.3% vs 07-2025highest value 09-2025: 1.4%● 0.0% vs 08-2025highest value 10-2025: 1.4%● 0.0% vs 09-2025highest value 11-2025: 1.4%● 0.0% vs 10-2025highest value 12-2025: 1.4%● 0.0% vs 11-2025highest value 01-2026: 1.4%● 0.0% vs 12-2025highest value 02-2026: 1.4%● 0.0% vs 01-2026highest value 03-2026: 1.4%● 0.0% vs 02-2026highest value 04-2026: 1.4%● 0.0% vs 03-2026highest value 05-2026: 1.4%▼ -1.9% vs 04-2026 06-2026: 1.4%▼ -0.5% vs 05-2026 07-2026: 0.3%▼ -81.2% vs 06-2026lowest value 08-2026: 0.3%● 0.0% vs 07-2026lowest value 09-2026: 0.3%● 0.0% vs 08-2026lowest value 10-2026: 0.3%● 0.0% vs 09-2026lowest value

Size: total assets €1.3m lowers the probability for this profile
Equity €27,833 (2.2% of total assets) raises the probability
Figures for FY 2025 (filed 18-06-2026) lowers the probability
No establishment unit in the KBO raises the probability

Credit up to €2,000 at 30 days acceptable

Liquidity short (current ratio 0.13 against 0.0 in 2024; short-term debt: 97.8% and cash: 0.5% of total assets), and 97.8% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 22%, liquidity 3%, profitability 43%, growth against the median 95%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Size: total assets €1.3m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Equity €27,833 (2.2% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Figures for FY 2025 (filed 18-06-2026)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

No establishment unit in the KBO

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5669 sector peers (2025).

NBB · sector comparison

Position among 5669 sector peers

Solvency

better than 15%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

43 d early

2024

37 d early

2023

19 d early

2022

61 d early

2021

48 d early

2020

72 d early

2019

85 d early

← 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 52 days before 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)

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. Usually files around 18 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

07-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

18-06-26 Annual accounts filedfiscal year 2025 · full…
07-05-26 Resignations: HlJane BV (director) and HNND…Appointments: HNND BV (director) and…
31-12-25 Back to profitnet €67,180

Key points

Positive: Back in profit in 2025after -€61,108 in 2024 €67,180 View
Caution: Among the weakest 16% on solvencysector median 38.6% · 5,669 companies 2.2% View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Controlled by VIRIXultimately: ROZENVELD 99.94% View
New directorslatest change 01-04-2026 · 2 in office 2 joined View