RINGS
Open bankruptcyA bankruptcy procedure is open for RINGS according to publications in the Belgian State Gazette; curator: GAUTIER PIRARD.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €88k and a net result of €33k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€33k▲ 39.8%
2021 · €23k
2018: €-4klowest in 5 years
2019: €11k▲ +375% vs 2018
2020: €13k▲ +13.2% vs 2019
2021: €23k▲ +81.1% vs 2020
2022: €33k▲ +39.8% vs 2021highest in 5 years
2018 → 2022
Working capital
€88k▲ 72.6%
2021 · €51k
2019: €13klowest in 4 years
2020: €26k▲ +95.9% vs 2019
2021: €51k▲ +93.6% vs 2020
2022: €88k▲ +72.6% vs 2021highest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€2k-€13k▲ 555%€26k▲ 95.9%€51k▲ 93.6%€88k▲ 72.6%
2018: €2klowest in 5 years
2019: €13k▲ +555% vs 2018
2020: €26k▲ +95.9% vs 2019
2021: €51k▲ +93.6% vs 2020
2022: €88k▲ +72.6% vs 2021highest in 5 years
Operating result€-4k-€11k€13k▲ 14.8%€24k▲ 79.0%€33k▲ 39.5%
2018: €-4klowest in 5 years
2019: €11k▲ +376% vs 2018
2020: €13k▲ +14.8% vs 2019
2021: €24k▲ +79.0% vs 2020
2022: €33k▲ +39.5% vs 2021highest in 5 years
Net result€-4k-€11k€13k▲ 13.2%€23k▲ 81.1%€33k▲ 39.8%
2018: €-4klowest in 5 years
2019: €11k▲ +375% vs 2018
2020: €13k▲ +13.2% vs 2019
2021: €23k▲ +81.1% vs 2020
2022: €33k▲ +39.8% vs 2021highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2022 is 40% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €105k
Equity
€88k ▲ 72.6%
Debt
€17k ▲ 86.2%
Debt's share of the balance-sheet total rises from 14.9% to 15.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
6.28▼
2021 · 6.70
Quick ratio
6.20▼
2021 · 6.68
Debt to equity
0.19▲
2021 · 0.18
ROE
37.1%▼
2021 · 45.8%
ROA
31.2%▼
2021 · 39.0%
Debt ≤ 1 year
€17k▲
2021 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 37 lines
Balance sheet
Code20212022
Assets
Total assets20/58€60k€105k▲
Current assets29/58€60k€105k▲
Amounts receivable after more than one year29-€60k
Trade receivables290-€60k
Stocks and contracts in progress3€160€1k▲
Stocks30/36€160€1k▲
Amounts receivable within one year40/41€13k€16k▲
Trade receivables40€12k€15k▲
Other amounts receivable41€1k€392▼
Cash at bank and in hand54/58€46k€28k▼
Deferred charges and accrued income490/1€680-
Equity and liabilities
Total equity and liabilities10/49€60k€105k▲
Equity10/15€51k€88k▲
Contributions10/11€8k€12k▲
Capital10€8k€12k▲
Issued capital100€19k€19k=
Uncalled capital101€11k€7k▼
Profit (loss) carried forward14€44k€76k▲
Amounts payable17/49€9k€17k▲
Amounts payable within one year42/48€9k€17k▲
Trade debts44€8k€17k▲
Suppliers440/4€8k€17k▲
Taxes, remuneration and social security45€1k€146▼
Taxes450/3-€146
Remuneration and social security454/9€1k-
Income statement
Code20212022
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€2k-
Other operating charges640/8€612€7k▲
Gross operating margin9900€26k€40k▲
Operating profit (loss)9901€24k€33k▲
Financial charges65/66B€151€158▲
Recurring financial charges65€151€158▲
Profit (loss) for the period before taxes9903€23k€33k▲
Profit (loss) for the period9904€23k€33k▲
Profit (loss) for the period to be appropriated9905€23k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€76k▲
Profit (loss) brought forward from the previous period14P€20k€44k▲
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €11k | - |
| Remuneration, social security and pensions62 | - | - | - | €2k | - | - |
| Other operating charges640/8 | - | - | - | €612 | €7k | ▲ 1,069% |
| Gross operating margin9900 | €-2k | €13k | €15k | €26k | €40k | ▲ 54.1% |
| Operating profit (loss)9901 | €-4k | €11k | €13k | €24k | €33k | ▲ 39.5% |
| Financial charges65/66B | - | - | - | €151 | €158 | ▲ 5.0% |
| Recurring financial charges65 | - | €43 | €235 | €151 | €158 | ▲ 5.0% |
| Profit (loss) for the period before taxes9903 | €-4k | €11k | €13k | €23k | €33k | ▲ 39.8% |
| Profit (loss) for the period9904 | €-4k | €11k | €13k | €23k | €33k | ▲ 39.8% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €11k | €13k | €23k | €33k | ▲ 39.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2k | €14k | €33k | €60k | €105k | ▲ 74.6% |
| Current assets29/58 | €2k | €14k | €33k | €60k | €105k | ▲ 74.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €60k | - |
| Trade receivables290 | - | - | - | - | €60k | - |
| Stocks and contracts in progress3 | - | - | - | €160 | €1k | ▲ 766% |
| Stocks30/36 | - | - | - | €160 | €1k | ▲ 766% |
| Amounts receivable within one year40/41 | €247 | €724 | €8k | €13k | €16k | ▲ 17.6% |
| Trade receivables40 | - | - | - | €12k | €15k | ▲ 28.3% |
| Other amounts receivable41 | - | - | - | €1k | €392 | ▼ 72.4% |
| Cash at bank and in hand54/58 | €2k | €14k | €25k | €46k | €28k | ▼ 39.5% |
| Deferred charges and accrued income490/1 | - | - | - | €680 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2k | €14k | €33k | €60k | €105k | ▲ 74.6% |
| Equity10/15 | €2k | €13k | €26k | €51k | €88k | ▲ 72.6% |
| Contributions10/11 | €6k | €6k | €6k | €8k | €12k | ▲ 58.4% |
| Capital10 | - | - | - | €8k | €12k | ▲ 58.4% |
| Issued capital100 | - | - | - | €19k | €19k | = |
| Uncalled capital101 | - | - | - | €11k | €7k | ▼ 39.5% |
| Profit (loss) carried forward14 | €-4k | €7k | €20k | €44k | €76k | ▲ 75.0% |
| Amounts payable17/49 | €29 | €834 | €6k | €9k | €17k | ▲ 86.2% |
| Amounts payable within one year42/48 | - | €834 | €6k | €9k | €17k | ▲ 86.2% |
| Trade debts44 | - | - | €6k | €8k | €17k | ▲ 112% |
| Suppliers440/4 | - | - | - | €8k | €17k | ▲ 112% |
| Taxes, remuneration and social security45 | - | - | - | €1k | €146 | ▼ 87.3% |
| Taxes450/3 | - | - | - | - | €146 | - |
| Remuneration and social security454/9 | - | - | - | €1k | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €11k | €13k | €23k | €33k | ▲ 39.8% |
| Operating cash flow (approximation) | €-4k | €11k | €13k | €23k | €33k | ▲ 39.8% |
| Change in cash | - | €12k | €11k | €21k | €-18k | ▼ 185% |
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
2025
27-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 20-10-2025
22-09
KBO administration
Address struck
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 143 days late
2022
31-12
Financial
Highest result since 2018net €33k ▲39.8%
Operating result €33k, net result €33k, both a record.
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 134 days late
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 151 days late
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 279 days late
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Sint-Joost-ten-Node · 1 establishment unit since 2018
Ground area
197 m²
Building footprint
197 m²
Volume, LiDAR
2,737 m³
2 parcels, Brussels · tallest building 21.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
RINGS
since 20182.280.749.617
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0021/00B014 | Brussels | 107 m² | 1 · 106 m² | 16.3 m · 4 fl. |
| 21906D0016/00X003 | Brussels | 89 m² | 1 · 90 m² | 21.4 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GAUTIER PIRARD AVENUE FRANKLIN ROOSE-
VELT 51, 1050 IXELLES |
20-10-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.280.749.617
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-09-2018
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.