RIPACO
ActiveRIPACO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €14k. Equity is shrinking by ~17.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 21% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency2▼-34
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.62 in 2024), and 97.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.7%
Return on assets
3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 11165 sector peers (2025).
NBB · sector comparisonPosition among 11165 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
44 d early
2023
1 d early
2022
50 d early
2021
41 d early
2020
6 d early
2019
53 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€12k
2024 · €-2k
2019: €32k
2020: €28k
2021: €26k
2022: €26k
2023: €13k
2024: €-2k
2019 → 2025
Total assets
€461k▼ 11.0%
2024 · €518k
2019: €62k
2020: €57k
2021: €31k
2022: €53k
2023: €453k
2024: €518k
2019 → 2025
Net result
€14k
2024 · €-15k
2019: €26k
2020: €-5k
2021: €-1k
2022: €-500
2023: €-13k
2024: €-15k
2019 → 2025
Working capital
€-43k▼ 67.4%
2024 · €-26k
2019: €24k
2020: €20k
2021: €22k
2022: €21k
2023: €-76k
2024: €-26k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€26k▼ 1.9%€13k▼ 49.8%€-2k€12k
Operating result€-787-€170€-6k€123€27k▲ 21,686%
Net result€-1k-€-500▲ 64.2%€-13k▼ 2,451%€-15k▼ 14.1%€14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21,686% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €461k
Fixed assets
€439k▼ 7.8%
Current assets
€22k▼ 47.7%
Equity and liabilities €461k
Equity
€12k
Debt
€449k
Debt finances 97.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€65k▲
2024 · €17k
Cash flow
€53k▲
2024 · €2k
Solvency
2.7%▲
2024 · -0.3%
Current ratio
0.34▼
2024 · 0.62
Quick ratio
0.34▼
2024 · 0.62
Debt / equity
36.72
ROE
113.8%▼
2024 · 861.5%
ROA
3.0%▲
2024 · -2.8%
Interest coverage
5.86▲
2024 · 1.15
Debt
€449k▼
2024 · €519k
Debt ≤ 1 year
€64k▼
2024 · €67k
Debt > 1 year
€383k▼
2024 · €452k
Income taxes
€2k▲
2024 · €260
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€518k€461k▼
Fixed assets21/28€476k€439k▼
Tangible fixed assets22/27€476k€439k▼
Land and buildings22€410k€393k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€67k€45k▼
Current assets29/58€41k€22k▼
Amounts receivable within one year40/41€30k€16k▼
Trade receivables40€17k€16k▼
Other amounts receivable41€13k€0▼
Cash at bank and in hand54/58€11k€4k▼
Deferred charges and accrued income490/1€647€1k▲
Equity and liabilities
Total equity and liabilities10/49€518k€461k▼
Equity10/15€-2k€12k▲
Contributions10/11€19k€19k=
Reserves13€14k€14k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€12k€14k▲
Profit (loss) carried forward14€-34k€-20k▲
Amounts payable17/49€519k€449k▼
Amounts payable after more than one year17€452k€383k▼
Financial debts170/4€322k€278k▼
Other amounts payable178/9€130k€105k▼
Amounts payable within one year42/48€67k€64k▼
Current portion of amounts payable after more than one year42€30k€43k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1k€7k▲
Suppliers440/4€1k€7k▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Other amounts payable47/48€34k€8k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A€4k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€39k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€21k€0▼
Gross operating margin9900€40k€68k▲
Operating profit (loss)9901€123€27k▲
Financial income75/76B€274€36▼
Recurring financial income75€274€36▼
Financial charges65/66B€15k€11k▼
Recurring financial charges65€15k€11k▼
Profit (loss) for the period before taxes9903€-14k€16k▲
Income taxes67/77€260€2k▲
Profit (loss) for the period9904€-15k€14k▲
Profit (loss) for the period to be appropriated9905€-15k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-20k▲
Profit (loss) brought forward from the previous period14P€-20k€-34k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after 5 loss-making years.
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 5.68
Current ratio from 1.72 to 5.68; short-term debt falls from €28k to €5k.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
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
1 director, no change since 2025
Els Vansteenkiste
CurrentNon-statutory director · since 03-07-2025
03-07-2025
Resigned as Manager
03-07-2025
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2012
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.
Albert Sercustraat 358800 RoeselareGround area
324 m²
Building footprint
82 m²
Volume, LiDAR
810 m³
Parcel 36302B0537/00L000, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RIPACO
since 20122.214.615.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0537/00L000 | Flanders | 324 m² | 1 · 82 m² | 15.3 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.
Similar companies · same sector, comparable size
MTM EUROPE
BE 0756.671.660
Liège · Eq €12k
DELIMEX
BE 0427.820.280
Kontich · Eq €12k
SITCON
BE 0821.386.793
Maaseik · Eq €12k
TOCOP
BE 0413.964.128
Antwerpen · Eq €11k
VETOZON
BE 1004.258.618
La Hulpe · Eq €13k
Of 2,499 companies in sector 46649 we hold annual accounts for 1,753. 341 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2012
Fiscal year end31-12
Activities, NACEBEL
46649Wholesale of other machinery and equipment
17210Manufacture of paper and paper products
22220Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.