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Le Rub

Active
Private limited companyfounded 20224 yrs activeVlaamsekaai 76B, 2000 Antwerpen, BelgiumKBO/BCE: BE 0790.300.372
Summary

The computed 12-month bankruptcy probability of Le Rub is 1.7% (moderate). The 2024 annual accounts show negative equity (-€716,265) and a net result of -€685,897. Equity is shrinking by ~171.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 177 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.27 against 2.62 in 2023; short-term debt: 52.3% and cash: 19% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
-156.4%
Return on assets
-149.8%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
222324
2022 to 2024 · latest year -€716,265
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
59 d late
2023
10 d early
2022
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

Le Rub was incorporated on 1 September 2022 as a Private limited company.1 Total assets rose from EUR 180,220 in 2022 to EUR 457,926 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€716,265▼ 232%
2023 · -€215,528
Total assets
€457,926▼ 27.3%
2023 · €629,920
Net result
-€685,897▼ 60.9%
2023 · -€426,244
Working capital
€65,064▼ 75.3%
2023 · €263,577
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€5,903--€413,063▼ 6,897%-€678,304▼ 64.2%
Net result-€6,200within the sector's middle half--€426,244below the sector's middle half▼ 6,775%-€685,897below the sector's middle half▼ 60.9%
Equity€23,800within the sector's middle half--€215,528below the sector's middle half-€716,265below the sector's middle half▼ 232%
Total assets€180,220within the sector's middle half-€629,920above the sector's middle half▲ 250%€457,926above the sector's middle half▼ 27.3%
Debt€156,420-€845,449▲ 440%€1.2m▲ 38.9%
Working capital-€33,167below the sector's middle half-€263,577above the sector's middle half€65,064within the sector's middle half▼ 75.3%
Solvency13.2%within the sector's middle half--34.2%below the sector's middle half▼ 47.4pp-156.4%below the sector's middle half▼ 122.2pp
Current ratio0.69below the sector's middle half-2.62within the sector's middle half▲ 1.931.27within the sector's middle half▼ 1.35
Return on assets (ROA)-3.4%within the sector's middle half--67.7%below the sector's middle half▼ 64.2pp-149.8%below the sector's middle half▼ 82.1pp
Staff (FTE)0.71▲ 42.9%
above within below the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, 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
-€800,000-€600,000-€400,000-€200,000€0Operating result 2022: -€5,903-€5,903Net result 2022: -€6,200-€6,200Operating result 2023: -€413,063-€413,063Net result 2023: -€426,244-€426,244Operating result 2024: -€678,304-€678,304Net result 2024: -€685,897-€685,897202220232024-€800,000-€600,000-€400,000-€200,000€0Operating result 2022: -€5,903-€5,900Net result 2022: -€6,200-€6,200Operating result 2023: -€413,063-€413,000Net result 2023: -€426,244-€426,000Operating result 2024: -€678,304-€678,000Net result 2024: -€685,897-€686,000202220232024
The operating result stays negative: a loss of €678,304 in 2024 against €413,063 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €456,554
Fixed assets €151,944 ▼ 24.6%
Current assets €304,611 ▼ 28.5%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€617,183▼
2023 · -€385,308
Cash flow
-€624,776▼
2023 · -€398,489
Quick ratio
0.50▼
2023 · 1.49
Debt to equity
-1.64▲
2023 · -3.92
Interest coverage
-59.64▼
2023 · -29.23
Debt ≤ 1 year
€239,547▲
2023 · €162,657
Debt > 1 year
€930,302▲
2023 · €678,449
Staff costs
€67,414▲
2023 · €39,689
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 7,638 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€629,920€457,926▼
Formation expenses20€2,058€1,372▼
Fixed assets21/28€201,628€151,944▼
Intangible fixed assets21€197,864€140,038▼
Tangible fixed assets22/27€3,514€11,656▲
Furniture and vehicles24€3,514€11,656▲
Financial fixed assets28€250€250=
Current assets29/58€426,234€304,611▼
Stocks and contracts in progress3€183,978€185,607▲
Stocks30/36€183,978€185,607▲
Amounts receivable within one year40/41€9,511€30,596▲
Trade receivables40€3,217€23,253▲
Other amounts receivable41€6,294€7,343▲
Cash at bank and in hand54/58€210,346€87,075▼
Deferred charges and accrued income490/1€22,400€1,333▼
Equity and liabilities
Total equity and liabilities10/49€629,920€457,926▼
Equity10/15-€215,528-€716,265▼
Contributions10/11€216,916€402,076▲
Profit (loss) carried forward14-€432,444-€1.1m▼
Amounts payable17/49€845,449€1.2m▲
Amounts payable after more than one year17€678,449€930,302▲
Financial debts170/4€678,449€930,302▲
Amounts payable within one year42/48€162,657€239,547▲
Current portion of amounts payable after more than one year42€96,800-
Financial debts43€400€2,984▲
Credit institutions430/8€400€2,984▲
Trade debts44€53,343€182,520▲
Suppliers440/4€53,343€182,520▲
Taxes, remuneration and social security45€11,412€20,415▲
Taxes450/3€1,633€4,484▲
Remuneration and social security454/9€9,780€15,931▲
Other amounts payable47/48€702€33,628▲
Accrued charges and deferred income492/3€4,342€4,342=
Income statement Code20232024
Remuneration, social security and pensions62€39,689€67,414▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,755€61,121▲
Other operating charges640/8€422€377▼
Gross operating margin9900-€345,196-€549,392▼
Operating profit (loss)9901-€413,063-€678,304▼
Financial income75/76B€1€2,756▲
Recurring financial income75€1€2,756▲
Financial charges65/66B€13,182€10,348▼
Recurring financial charges65€13,182€10,348▼
Profit (loss) for the period before taxes9903-€426,244-€685,897▼
Profit (loss) for the period9904-€426,244-€685,897▼
Profit (loss) for the period to be appropriated9905-€426,244-€685,897▼
Appropriation of the result
Profit (loss) to be appropriated9906-€432,444-€1.1m▼
Profit (loss) brought forward from the previous period14P-€6,200-€432,444▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62-€39,689€67,414▲ 69.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,052€27,755€61,121▲ 120%
Other operating charges640/8-€422€377▼ 10.7%
Gross operating margin9900-€4,851-€345,196-€549,392▼ 59.2%
Operating profit (loss)9901-€5,903-€413,063-€678,304▼ 64.2%
Financial income75/76B-€1€2,756▲ 382,618%
Recurring financial income75-€1€2,756▲ 382,618%
Financial charges65/66B€297€13,182€10,348▼ 21.5%
Recurring financial charges65€297€13,182€10,348▼ 21.5%
Profit (loss) for the period before taxes9903-€6,200-€426,244-€685,897▼ 60.9%
Profit (loss) for the period9904-€6,200-€426,244-€685,897▼ 60.9%
Profit (loss) for the period to be appropriated9905-€6,200-€426,244-€685,897▼ 60.9%
Line202220232024Change
Assets
Total assets20/58€180,220€629,920€457,926▼ 27.3%
Formation expenses20€2,745€2,058€1,372▼ 33.3%
Fixed assets21/28€104,503€201,628€151,944▼ 24.6%
Intangible fixed assets21€104,503€197,864€140,038▼ 29.2%
Tangible fixed assets22/27-€3,514€11,656▲ 232%
Furniture and vehicles24-€3,514€11,656▲ 232%
Financial fixed assets28-€250€250=
Current assets29/58€72,973€426,234€304,611▼ 28.5%
Stocks and contracts in progress3-€183,978€185,607▲ 0.9%
Stocks30/36-€183,978€185,607▲ 0.9%
Amounts receivable within one year40/41€44,393€9,511€30,596▲ 222%
Trade receivables40€42,917€3,217€23,253▲ 623%
Other amounts receivable41€1,476€6,294€7,343▲ 16.7%
Cash at bank and in hand54/58€19,604€210,346€87,075▼ 58.6%
Deferred charges and accrued income490/1€8,976€22,400€1,333▼ 94.0%
Equity and liabilities
Total equity and liabilities10/49€180,220€629,920€457,926▼ 27.3%
Equity10/15€23,800-€215,528-€716,265▼ 232%
Contributions10/11€30,000€216,916€402,076▲ 85.4%
Profit (loss) carried forward14-€6,200-€432,444-€1.1m▼ 159%
Amounts payable17/49€156,420€845,449€1.2m▲ 38.9%
Amounts payable after more than one year17€50,000€678,449€930,302▲ 37.1%
Financial debts170/4€50,000€678,449€930,302▲ 37.1%
Amounts payable within one year42/48€106,140€162,657€239,547▲ 47.3%
Current portion of amounts payable after more than one year42-€96,800--
Financial debts43-€400€2,984▲ 647%
Credit institutions430/8-€400€2,984▲ 647%
Trade debts44€106,140€53,343€182,520▲ 242%
Suppliers440/4€106,140€53,343€182,520▲ 242%
Taxes, remuneration and social security45-€11,412€20,415▲ 78.9%
Taxes450/3-€1,633€4,484▲ 175%
Remuneration and social security454/9-€9,780€15,931▲ 62.9%
Other amounts payable47/48-€702€33,628▲ 4,692%
Accrued charges and deferred income492/3€281€4,342€4,342=
Line202220232024Change
Profit (loss) for the period9904-€6,200-€426,244-€685,897▼ 60.9%
+ Depreciation and write-downs630€1,052€27,755€61,121▲ 120%
Operating cash flow (approximation)-€5,148-€398,489-€624,776▼ 56.8%
Investment in fixed assets (approximation)--€124,880-€11,437▲ 90.8%
Change in cash-€190,742-€123,271▼ 165%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial Weakest financial yearnet -€685,897
Net result drops to -€685,897, the lowest in the series.
21-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity quadruplescurrent ratio 2.62
Current ratio from 0.69 to 2.62.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Antwerpen · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
71 m²
Building footprint
71 m²
Volume, LiDAR
1,154 m³
Parcel 11811L3715/00S002, Flanders · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Le Rub
Vlaamsekaai 76B, 2000 AntwerpenManufacture of chemicals and chemical products
since 20222.338.338.715
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11811L3715/00S002 Flanders 71 m² 1 · 71 m² 18.9 m · 6 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.

Similar companies · same sector, comparable size

Of 243 companies in sector 20420 we hold annual accounts for 96. 41 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
Founded01-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
20420Manufacture of chemicals and chemical products
46450Wholesale of perfume and cosmetics
47750Retail sale of cosmetics and toilet articles
Contact
E-mail raf@lerub.comAntwerpen
Phone +32486219460Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID 0208:0790300372
Registered 31-08-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.