RIPA
ActiveSummary
The computed 12-month bankruptcy probability of RIPA is 2.1% (moderate). The 2024 annual accounts show negative equity (-€65,113) and a net result of €2,300. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 5% of 18940 sector peers (fiscal year 2024). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+84
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.14 in 2023; short-term debt: 627.5% and cash: 16.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
-527.5%
Return on assets
18.6%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 18940 sector peers (2024).
NBB · sector comparisonPosition among 18940 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
60 d late
2022
68 d late
2021
90 d late
2020
92 d late
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 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
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€65,113▲ 3.4%
2023 · -€67,413
Total assets
€12,344▲ 2.3%
2023 · €12,065
Net result
€2,300
2023 · -€12,041
Working capital
-€66,315▲ 3.4%
2023 · -€68,615
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€11,366€12,013▲ 5.7%€3,489▼ 71.0%-€11,446€2,349
Net result€11,275within the sector's middle half€11,971within the sector's middle half▲ 6.2%€3,450within the sector's middle half▼ 71.2%-€12,041below the sector's middle half€2,300within the sector's middle half
Equity-€70,792below the sector's middle half▲ 13.7%-€58,821below the sector's middle half▲ 16.9%-€55,372below the sector's middle half▲ 5.9%-€67,413below the sector's middle half▼ 21.7%-€65,113below the sector's middle half▲ 3.4%
Total assets€10,567below the sector's middle half▲ 44.4%€9,174below the sector's middle half▼ 13.2%€10,044below the sector's middle half▲ 9.5%€12,065below the sector's middle half▲ 20.1%€12,344below the sector's middle half▲ 2.3%
Debt€81,359▼ 9.0%€67,995▼ 16.4%€65,416▼ 3.8%€79,478▲ 21.5%€77,457▼ 2.5%
Working capital-€71,994below the sector's middle half▲ 13.5%-€60,024below the sector's middle half▲ 16.6%-€56,574below the sector's middle half▲ 5.7%-€68,615below the sector's middle half▼ 21.3%-€66,315below the sector's middle half▲ 3.4%
Solvency-669.9%below the sector's middle half-641.2%below the sector's middle half▲ 28.8pp-551.3%below the sector's middle half▲ 89.9pp-558.8%below the sector's middle half▼ 7.5pp-527.5%below the sector's middle half▲ 31.3pp
Current ratio0.12below the sector's middle half▲ 0.050.12below the sector's middle half=0.14below the sector's middle half▲ 0.020.14below the sector's middle half=0.14below the sector's middle half▲ 0.01
Return on assets (ROA)106.7%above the sector's middle half▲ 161.3pp130.5%above the sector's middle half▲ 23.8pp34.3%above the sector's middle half▼ 96.1pp-99.8%below the sector's middle half▼ 134.2pp18.6%above the sector's middle half▲ 118.4pp
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 returns to profit in 2024: €2,349 after a loss of €11,446 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12,344
Fixed assets
€1,202 =
Current assets
€11,142 ▲ 2.6%
Key figures and ratios
Quick ratio
0.08▲
2023 · 0.07
Debt to equity
-1.19▼
2023 · -1.18
Debt ≤ 1 year
€77,457▼
2023 · €79,478
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €1,381 | €5,128 | €3,521 | €1,324 | ▼ 62.4% |
| Gross operating margin9900 | €13,773 | €13,394 | €8,617 | -€7,925 | €3,672 | ▲ 146% |
| Operating profit (loss)9901 | €11,366 | €12,013 | €3,489 | -€11,446 | €2,349 | ▲ 121% |
| Financial charges65/66B | - | €42 | €40 | €47 | €49 | ▲ 4.4% |
| Recurring financial charges65 | €91 | €42 | €40 | €47 | €49 | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | €11,275 | €11,971 | €3,450 | -€11,492 | €2,300 | ▲ 120% |
| Income taxes67/77 | - | - | - | €549 | - | - |
| Profit (loss) for the period9904 | €11,275 | €11,971 | €3,450 | -€12,041 | €2,300 | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | €11,275 | €11,971 | €3,450 | -€12,041 | €2,300 | ▲ 119% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,567 | €9,174 | €10,044 | €12,065 | €12,344 | ▲ 2.3% |
| Fixed assets21/28 | €1,202 | €1,202 | €1,202 | €1,202 | €1,202 | = |
| Financial fixed assets28 | €1,202 | €1,202 | €1,202 | €1,202 | €1,202 | = |
| Current assets29/58 | €9,365 | €7,972 | €8,842 | €10,863 | €11,142 | ▲ 2.6% |
| Stocks and contracts in progress3 | €4,960 | €4,960 | €4,960 | €4,960 | €4,960 | = |
| Stocks30/36 | - | €4,960 | €4,960 | €4,960 | €4,960 | = |
| Amounts receivable within one year40/41 | €2,637 | €2,908 | €2,866 | €4,457 | €4,105 | ▼ 7.9% |
| Other amounts receivable41 | - | €2,908 | €2,866 | €4,457 | €4,105 | ▼ 7.9% |
| Current investments50/53 | - | €104 | €1,016 | €1,445 | - | - |
| Cash at bank and in hand54/58 | €1,768 | - | - | - | €2,077 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,567 | €9,174 | €10,044 | €12,065 | €12,344 | ▲ 2.3% |
| Equity10/15 | -€70,792 | -€58,821 | -€55,372 | -€67,413 | -€65,113 | ▲ 3.4% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | -€76,989 | -€65,019 | -€61,569 | -€73,610 | -€71,311 | ▲ 3.1% |
| Amounts payable17/49 | €81,359 | €67,995 | €65,416 | €79,478 | €77,457 | ▼ 2.5% |
| Amounts payable within one year42/48 | €81,359 | €67,995 | €65,416 | €79,478 | €77,457 | ▼ 2.5% |
| Trade debts44 | €11,746 | €8,217 | €15,236 | €12,783 | €28,186 | ▲ 120% |
| Suppliers440/4 | - | €8,217 | €15,236 | €12,783 | €28,186 | ▲ 120% |
| Other amounts payable47/48 | - | €59,778 | €50,180 | €66,695 | €49,271 | ▼ 26.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,275 | €11,971 | €3,450 | -€12,041 | €2,300 | ▲ 119% |
| Operating cash flow (approximation) | €11,275 | €11,971 | €3,450 | -€12,041 | €2,300 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €0 | - |
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
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
31-12
Financial
Back to profitnet €2,300
Net result €2,300 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-12
Financial
Weakest financial yearnet -€12,041
Net result drops to -€12,041, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 90 days late
2021
31-12
Financial
Highest result since 2018net €11,971 ▲6.2%
Operating result €12,013, net result €11,971, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Back to profitnet €11,275
Net result €11,275 after 2 loss-making years.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 79 days late
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 83 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 144 days late
Financial 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, Antwerpen · 1 establishment unit since 1996
Ground area
101 m²
Building footprint
101 m²
Volume, LiDAR
1,462 m³
Parcel 11808H0550/00Z018, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
OUD-VLAANDEREN
since 19962.074.789.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H0550/00Z018 | Flanders | 100 m² | 1 · 100 m² | 17.1 m · 5 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 siteAntwerpen2.074.789.121
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456845056
Also
9925:BE0456845056
Registered
22-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.