RINGO
ActiveThe file of RINGO contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show negative equity (-€86,096) and a net result of -€43,533. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 18930 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.63 in 2023; short-term debt: 180.4% and cash: 8.7% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-91.1%
Return on assets
-46%
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€86,096
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
42 d late
2023
407 d late
2022
38 d late
2021
31 d late
2020
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 109 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€86,096▼ 102%
2023 · -€42,563
Total assets
€94,551▲ 6.5%
2023 · €88,756
Net result
-€43,533▼ 9.7%
2023 · -€39,685
Working capital
-€78,663▼ 66.8%
2023 · -€47,159
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€34,499€29,866-€32,172-€34,298▼ 6.6%
Net result-€8within the sector's middle half--€35,527below the sector's middle half▼ 443,988%€27,657above the sector's middle half-€39,685below the sector's middle half-€43,533below the sector's middle half▼ 9.7%
Equity€4,992within the sector's middle half--€30,535below the sector's middle half-€2,878within the sector's middle half▲ 90.6%-€42,563below the sector's middle half▼ 1,379%-€86,096below the sector's middle half▼ 102%
Total assets€4,992below the sector's middle half-€21,633below the sector's middle half▲ 333%€88,195within the sector's middle half▲ 308%€88,756within the sector's middle half▲ 0.6%€94,551within the sector's middle half▲ 6.5%
Debt€52,168€91,073▲ 74.6%€131,319▲ 44.2%€180,647▲ 37.6%
Working capital-€36,879-€12,184▲ 67.0%-€47,159▼ 287%-€78,663▼ 66.8%
Solvency-141.2%below the sector's middle half-3.3%within the sector's middle half▲ 137.9pp-48.0%below the sector's middle half▼ 44.7pp-91.1%below the sector's middle half▼ 43.1pp
Staff (FTE)33=3.2▲ 6.7%2.5▼ 21.9%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 stays negative: a loss of €34,298 in 2024 against €32,172 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94,114
Fixed assets
€2,193 ▼ 65.6%
Current assets
€91,921 ▲ 12.6%
Key figures and ratios
EBITDA
-€29,832▼
2023 · -€27,462
Cash flow
-€39,068▼
2023 · -€34,975
Current ratio
0.54▼
2023 · 0.63
Quick ratio
0.45▼
2023 · 0.54
Debt to equity
-2.10▲
2023 · -3.09
ROA
-46.0%▼
2023 · -44.7%
Interest coverage
-2.50▲
2023 · -3.37
Debt ≤ 1 year
€170,583▲
2023 · €128,819
Staff costs
€88,154▼
2023 · €112,235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,035 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €80,157 | €125,337 | €112,235 | €88,154 | ▼ 21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,051 | €1,844 | €4,710 | €4,465 | ▼ 5.2% |
| Other operating charges640/8 | - | €116 | €797 | €8,790 | €15,323 | ▲ 74.3% |
| Non-recurring operating charges66A | - | €3,000 | - | - | - | - |
| Gross operating margin9900 | - | €49,825 | €157,844 | €93,564 | €73,645 | ▼ 21.3% |
| Operating profit (loss)9901 | - | -€34,499 | €29,866 | -€32,172 | -€34,298 | ▼ 6.6% |
| Financial income75/76B | - | - | €2 | €629 | €2,707 | ▲ 331% |
| Recurring financial income75 | - | - | €2 | €629 | €2,707 | ▲ 331% |
| Financial charges65/66B | - | €1,028 | €2,211 | €8,142 | €11,943 | ▲ 46.7% |
| Recurring financial charges65 | €8 | €1,028 | €2,211 | €8,142 | €11,943 | ▲ 46.7% |
| Profit (loss) for the period before taxes9903 | -€8 | -€35,527 | €27,657 | -€39,685 | -€43,533 | ▼ 9.7% |
| Profit (loss) for the period9904 | -€8 | -€35,527 | €27,657 | -€39,685 | -€43,533 | ▼ 9.7% |
| Profit (loss) for the period to be appropriated9905 | -€8 | -€35,527 | €27,657 | -€39,685 | -€43,533 | ▼ 9.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,992 | €21,633 | €88,195 | €88,756 | €94,551 | ▲ 6.5% |
| Formation expenses20 | - | €1,293 | €1,008 | €722 | €437 | ▼ 39.5% |
| Fixed assets21/28 | - | €5,051 | €10,798 | €6,373 | €2,193 | ▼ 65.6% |
| Tangible fixed assets22/27 | - | €5,051 | €10,798 | €6,373 | €2,193 | ▼ 65.6% |
| Plant, machinery and equipment23 | - | €5,051 | €10,798 | €6,373 | €2,193 | ▼ 65.6% |
| Current assets29/58 | €4,992 | €15,289 | €76,389 | €81,660 | €91,921 | ▲ 12.6% |
| Stocks and contracts in progress3 | - | €12,684 | €14,814 | €12,661 | €15,602 | ▲ 23.2% |
| Stocks30/36 | - | €12,684 | €14,814 | €12,661 | €15,602 | ▲ 23.2% |
| Amounts receivable within one year40/41 | €2 | €2,028 | €17,734 | €27,319 | €68,128 | ▲ 149% |
| Other amounts receivable41 | - | €2,028 | €17,734 | €27,319 | €68,128 | ▲ 149% |
| Cash at bank and in hand54/58 | €4,990 | €235 | €43,441 | €41,681 | €8,191 | ▼ 80.3% |
| Deferred charges and accrued income490/1 | - | €342 | €400 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,992 | €21,633 | €88,195 | €88,756 | €94,551 | ▲ 6.5% |
| Equity10/15 | €4,992 | -€30,535 | -€2,878 | -€42,563 | -€86,096 | ▼ 102% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€8 | -€35,535 | -€7,878 | -€47,563 | -€91,096 | ▼ 91.5% |
| Amounts payable17/49 | - | €52,168 | €91,073 | €131,319 | €180,647 | ▲ 37.6% |
| Amounts payable within one year42/48 | - | €52,168 | €88,573 | €128,819 | €170,583 | ▲ 32.4% |
| Financial debts43 | - | €4,752 | €4,823 | €4,866 | - | - |
| Credit institutions430/8 | - | €4,752 | €4,823 | €4,866 | - | - |
| Trade debts44 | - | €9,697 | €18,239 | €52,630 | €46,907 | ▼ 10.9% |
| Suppliers440/4 | - | €9,697 | €18,239 | €52,630 | €46,907 | ▼ 10.9% |
| Taxes, remuneration and social security45 | - | €18,107 | €65,511 | €71,323 | €123,676 | ▲ 73.4% |
| Taxes450/3 | - | €857 | €23,364 | €33,527 | €77,225 | ▲ 130% |
| Remuneration and social security454/9 | - | €17,250 | €42,147 | €37,796 | €46,451 | ▲ 22.9% |
| Other amounts payable47/48 | - | €19,612 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,500 | €2,500 | €10,064 | ▲ 303% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8 | -€35,527 | €27,657 | -€39,685 | -€43,533 | ▼ 9.7% |
| + Depreciation and write-downs630 | - | €1,051 | €1,844 | €4,710 | €4,465 | ▼ 5.2% |
| Operating cash flow (approximation) | -€8 | -€34,476 | €29,501 | -€34,975 | -€39,068 | ▼ 11.7% |
| Investment in fixed assets (approximation) | - | - | -€7,591 | -€285 | -€285 | = |
| Change in cash | - | -€4,755 | €43,206 | -€1,760 | -€33,490 | ▼ 1,802% |
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
2026
22-01
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · event 16-01-2026
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 407 days late
2024
31-12
Financial
Weakest financial yearnet -€43,533
Net result drops to -€43,533, the lowest in the series.
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
31-12
Financial
Back to profitnet €27,657
Net result €27,657 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
SignalFinancial 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, Florenville · 1 establishment unit since 2020
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.
Petites-Rues 106820 FlorenvilleGround area
192 m²
Building footprint
139 m²
Volume, LiDAR
1,083 m³
Parcel 85011A0412/00G000, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place Reine-Astrid 7, 6820 Florenville
since 20202.309.110.932
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85011A0412/00G000 | Wallonia | 192 m² | 1 · 139 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFlorenville2.309.110.932
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. 5,022 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
Founded16-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750757036
Also
9925:BE0750757036
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.