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RERUTEL

Active
Private limited companyfounded 199036 yrs activeWalplein 38, 8000 Brugge, BelgiumKBO/BCE: BE 0441.356.037
Summary

RERUTEL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €644,158 and a net result of -€6,256. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability18=
Solvency98▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2024; short-term debt: 27% and cash: 0.1% of total assets), and 27% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
73%
Return on assets
-0.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
13 d late
2024
2 d early
2023
7 d early
2022
23 d early
2021
2 d early
2020
36 d early
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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

RERUTEL was incorporated on 16 August 1990.1 Total assets went from EUR 887,640 in 2018 to EUR 881,965 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€644,158▼ 1.0%
2024 · €650,414
Total assets
€881,965▼ 0.2%
2024 · €883,764
Net result
-€6,256▼ 54.0%
2024 · -€4,064
Working capital
-€237,175▼ 2.5%
2024 · -€231,471
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€4,856▼ 111%-€8,555▼ 76.2%-€10,585▼ 23.7%-€4,026▲ 62.0%-€6,113▼ 51.8%
Net result-€4,888▼ 110%-€8,588▼ 75.7%-€10,618▼ 23.6%-€4,064▲ 61.7%-€6,256▼ 54.0%
Equity€673,684▼ 0.7%€665,096▼ 1.3%€654,478▼ 1.6%€650,414▼ 0.6%€644,158▼ 1.0%
Total assets€885,543▼ 0.1%€885,603=€885,368=€883,764▼ 0.2%€881,965▼ 0.2%
Debt€211,859▲ 2.1%€220,507▲ 4.1%€230,891▲ 4.7%€233,350▲ 1.1%€237,807▲ 1.9%
Working capital-€210,281▼ 1.9%-€217,894▼ 3.6%-€227,960▼ 4.6%-€231,471▼ 1.5%-€237,175▼ 2.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€4,856-€4,856Net result 2021: -€4,888-€4,888Operating result 2022: -€8,555-€8,555Net result 2022: -€8,588-€8,588Operating result 2023: -€10,585-€10,585Net result 2023: -€10,618-€10,618Operating result 2024: -€4,026-€4,026Net result 2024: -€4,064-€4,064Operating result 2025: -€6,113-€6,113Net result 2025: -€6,256-€6,25620212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€10,585-€10,600Net result 2023: -€10,618-€10,600Operating result 2024: -€4,026-€4,030Net result 2024: -€4,064-€4,060Operating result 2025: -€6,113-€6,110Net result 2025: -€6,256-€6,260202320242025
The operating result stays negative: a loss of €6,113 in 2025 against €4,026 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €881,965
Fixed assets €881,333 ▼ 0.1%
Current assets €631 ▼ 66.4%
Equity and liabilities €881,965
Equity €644,158 ▼ 1.0%
Debt €237,807 ▲ 1.9%
Debt's share of the balance-sheet total rises from 26.4% to 27.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€5,561▼
2024 · -€3,474
Cash flow
-€5,704▼
2024 · -€3,512
Current ratio
0.00▼
2024 · 0.01
Debt to equity
0.37▲
2024 · 0.36
ROE
-1.0%▼
2024 · -0.6%
ROA
-0.7%▼
2024 · -0.5%
Interest coverage
-38.97▲
2024 · -92.65
Debt ≤ 1 year
€237,807▲
2024 · €233,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 8,594 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 · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€883,764€881,965▼
Fixed assets21/28€881,885€881,333▼
Tangible fixed assets22/27€881,885€881,333▼
Land and buildings22€866,137€866,137=
Plant, machinery and equipment23€552-
Furniture and vehicles24€15,196€15,196=
Current assets29/58€1,878€631▼
Cash at bank and in hand54/58€1,878€631▼
Equity and liabilities
Total equity and liabilities10/49€883,764€881,965▼
Equity10/15€650,414€644,158▼
Contributions10/11€20,000€20,000=
Revaluation surpluses12€801,685€801,685=
Reserves13€15,191€15,191=
Non-distributable reserves130/1€2,000-
Reserves not available under the articles1311€2,000-
Distributable reserves133€13,191€15,191▲
Profit (loss) carried forward14-€186,463-€192,719▼
Amounts payable17/49€233,350€237,807▲
Amounts payable within one year42/48€233,350€237,807▲
Trade debts44€1,277€221▼
Suppliers440/4€1,277€221▼
Other amounts payable47/48€232,073€237,586▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€552€552=
Other operating charges640/8€4,644€4,791▲
Gross operating margin9900€1,169-€771▼
Operating profit (loss)9901-€4,026-€6,113▼
Financial income75/76B€0-
Recurring financial income75€0-
Non-recurring financial income76B€0-
Financial charges65/66B€38€143▲
Recurring financial charges65€38€143▲
Profit (loss) for the period before taxes9903-€4,064-€6,256▼
Profit (loss) for the period9904-€4,064-€6,256▼
Profit (loss) for the period to be appropriated9905-€4,064-€6,256▼
Appropriation of the result
Profit (loss) to be appropriated9906-€186,463-€192,719▼
Profit (loss) brought forward from the previous period14P-€182,399-€186,463▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€975€975€552€552€552=
Other operating charges640/8€4,016€4,092€4,494€4,644€4,791▲ 3.2%
Gross operating margin9900€134-€3,488-€5,540€1,169-€771▼ 166%
Operating profit (loss)9901-€4,856-€8,555-€10,585-€4,026-€6,113▼ 51.8%
Financial income75/76B---€0--
Recurring financial income75---€0--
Non-recurring financial income76B---€0--
Financial charges65/66B€32€33€33€38€143▲ 281%
Recurring financial charges65€32€33€33€38€143▲ 281%
Profit (loss) for the period before taxes9903-€4,888-€8,588-€10,618-€4,064-€6,256▼ 54.0%
Profit (loss) for the period9904-€4,888-€8,588-€10,618-€4,064-€6,256▼ 54.0%
Profit (loss) for the period to be appropriated9905-€4,888-€8,588-€10,618-€4,064-€6,256▼ 54.0%
Line20212022202320242025Change
Assets
Total assets20/58€885,543€885,603€885,368€883,764€881,965▼ 0.2%
Fixed assets21/28€883,964€882,990€882,438€881,885€881,333▼ 0.1%
Tangible fixed assets22/27€883,964€882,990€882,438€881,885€881,333▼ 0.1%
Land and buildings22€866,137€866,137€866,137€866,137€866,137=
Plant, machinery and equipment23€2,631€1,656€1,104€552--
Furniture and vehicles24€15,196€15,196€15,196€15,196€15,196=
Current assets29/58€1,578€2,614€2,931€1,878€631▼ 66.4%
Cash at bank and in hand54/58€754€1,743€1,959€1,878€631▼ 66.4%
Deferred charges and accrued income490/1€825€871€972---
Equity and liabilities
Total equity and liabilities10/49€885,543€885,603€885,368€883,764€881,965▼ 0.2%
Equity10/15€673,684€665,096€654,478€650,414€644,158▼ 1.0%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Revaluation surpluses12€801,685€801,685€801,685€801,685€801,685=
Reserves13€15,191€15,191€15,191€15,191€15,191=
Non-distributable reserves130/1€2,000€2,000€2,000€2,000--
Reserves not available under the articles1311€2,000€2,000€2,000€2,000--
Distributable reserves133€13,191€13,191€13,191€13,191€15,191▲ 15.2%
Profit (loss) carried forward14-€163,193-€171,781-€182,399-€186,463-€192,719▼ 3.4%
Amounts payable17/49€211,859€220,507€230,891€233,350€237,807▲ 1.9%
Amounts payable within one year42/48€211,859€220,507€230,891€233,350€237,807▲ 1.9%
Trade debts44€316€822€553€1,277€221▼ 82.7%
Suppliers440/4€316€822€553€1,277€221▼ 82.7%
Other amounts payable47/48€211,543€219,686€230,338€232,073€237,586▲ 2.4%
Line20212022202320242025Change
Profit (loss) for the period9904-€4,888-€8,588-€10,618-€4,064-€6,256▼ 54.0%
+ Depreciation and write-downs630€975€975€552€552€552=
Operating cash flow (approximation)-€3,913-€7,613-€10,066-€3,512-€5,704▼ 62.4%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€990€216-€81-€1,247▼ 1,441%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
29-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€10,618
Net result drops to -€10,618, the lowest in the series; recovery starts the following year.
08-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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.
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, Brugge · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
1,192 m²
Building footprint
504 m²
Volume, LiDAR
4,577 m³
Parcel 31803C1078/00V000, Flanders · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HOTEL REMBRANDT-RUBENS
Walplein 38, 8000 BruggeNACE 55102
since 19902.049.591.687
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31803C1078/00V000
ProtectedMonumentKunstenaarswoning Jules DobbelaereSource ↗
Flanders 1,191 m² 1 · 504 m² 15.9 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Identification & contact

Identification
Legal formPrivate limited company
Founded16-08-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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