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ROBUST SERVICES

Active
Private limited companyfounded 2019active for 7 yearsBaronstraat 90, 8870 Izegem, BelgiumKBO/BCE: BE 0732.872.513
Summary

ROBUST SERVICES has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179,362 and a net result of €87,281. Equity is growing by about 28% per year across the filed financial years. Its solvency ranks better than 49% of 1,784 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

Equity
€179,362▲ 4.2%
2024 · €172,081
Total assets
€601,502▲ 55.3%
2024 · €387,404
Net result
€87,281▲ 395%
2024 · €17,645
Working capital
-€86,845▼ 15,068%
2024 · -€573
Trend over the years

2021 to 2025, 5 financial years 2020 to 2025, 6 financial years

The operating result recovers in 2025; 2025 is 279% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€121,690 2025 Net result€87,281 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line202020212022202320242025
Operating result€50,919-€10,640▼ 79.1%€53,649▲ 404%€73,845▲ 37.6%€32,108▼ 56.5%€121,690▲ 279%
Net result€42,653above the sector's middle half-€7,070within the sector's middle half▼ 83.4%€41,892above the sector's middle half▲ 493%€49,954above the sector's middle half▲ 19.2%€17,645within the sector's middle half▼ 64.7%€87,281above the sector's middle half▲ 395%
Equity€60,453within the sector's middle half-€66,723within the sector's middle half▲ 10.4%€107,814within the sector's middle half▲ 61.6%€156,102within the sector's middle half▲ 44.8%€172,081within the sector's middle half▲ 10.2%€179,362above the sector's middle half▲ 4.2%
Total assets€198,200within the sector's middle half-€225,089within the sector's middle half▲ 13.6%€327,843within the sector's middle half▲ 45.7%€371,600within the sector's middle half▲ 13.3%€387,404within the sector's middle half▲ 4.3%€601,502above the sector's middle half▲ 55.3%
Debt€137,747-€158,366▲ 15.0%€220,029▲ 38.9%€215,498▼ 2.1%€215,323▼ 0.1%€422,140▲ 96.0%
Working capital€7,610within the sector's middle half-€2,989within the sector's middle half▼ 60.7%€12,521within the sector's middle half▲ 319%€1,274within the sector's middle half▼ 89.8%-€573within the sector's middle half-€86,845below the sector's middle half▼ 15,068%
Solvency30.5%within the sector's middle half-29.6%within the sector's middle half▼ 0.9pp32.9%within the sector's middle half▲ 3.2pp42.0%within the sector's middle half▲ 9.1pp44.4%within the sector's middle half▲ 2.4pp29.8%within the sector's middle half▼ 14.6pp
Current ratio1.15within the sector's middle half-1.05within the sector's middle half▼ 0.101.13within the sector's middle half▲ 0.081.01within the sector's middle half▼ 0.120.99within the sector's middle half▼ 0.020.66within the sector's middle half▼ 0.34
Return on assets (ROA)21.5%above the sector's middle half-3.1%within the sector's middle half▼ 18.4pp12.8%within the sector's middle half▲ 9.6pp13.4%above the sector's middle half▲ 0.7pp4.6%within the sector's middle half▼ 8.9pp14.5%above the sector's middle half▲ 10.0pp
above within below the middle half of NACE 77, Rental and leasing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €601,502
Fixed assets €433,732 ▲ 56.5%
Current assets €167,770 ▲ 52.3%
Equity and liabilities €601,502
Equity €179,362 ▲ 4.2%
Debt €422,140 ▲ 96.0%
Debt's share of the balance-sheet total rises from 55.6% to 70.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€219,589▲
2024 · €112,972
Cash flow
€185,179▲
2024 · €98,508
Quick ratio
0.64▼
2024 · 0.95
Debt to equity
2.35▲
2024 · 1.25
ROE
48.7%▲
2024 · 10.3%
Interest coverage
20.93▲
2024 · 13.61
Debt ≤ 1 year
€254,615▲
2024 · €110,751
Debt > 1 year
€163,582▲
2024 · €103,451
Income taxes
€24,464▲
2024 · €6,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97.3% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.3% went bankrupt
1.2% stopped otherwise
97.3% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,470 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 74.5% 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 2,684 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 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€387,404€601,502▲
Fixed assets21/28€277,226€433,732▲
Tangible fixed assets22/27€277,226€433,732▲
Plant, machinery and equipment23€240,943€311,021▲
Furniture and vehicles24€11,025€6,486▼
Leasing and similar rights25€25,257€116,225▲
Current assets29/58€110,178€167,770▲
Stocks and contracts in progress3€4,780€4,780=
Stocks30/36€4,780€4,780=
Amounts receivable within one year40/41€54,243€111,812▲
Trade receivables40€46,726€111,712▲
Other amounts receivable41€7,517€100▼
Cash at bank and in hand54/58€47,559€48,243▲
Deferred charges and accrued income490/1€3,596€2,935▼
Equity and liabilities
Total equity and liabilities10/49€387,404€601,502▲
Equity10/15€172,081€179,362▲
Contributions10/11€18,600€18,600=
Reserves13€153,481€160,762▲
Distributable reserves133€153,481€160,762▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€215,323€422,140▲
Amounts payable after more than one year17€103,451€163,582▲
Financial debts170/4€103,451€163,582▲
Amounts payable within one year42/48€110,751€254,615▲
Current portion of amounts payable after more than one year42€65,173€102,287▲
Trade debts44€10,596€31,736▲
Suppliers440/4€10,596€31,736▲
Taxes, remuneration and social security45€5,012€10,459▲
Taxes450/3€5,012€10,459▲
Other amounts payable47/48€29,970€110,133▲
Accrued charges and deferred income492/3€1,121€3,944▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80,864€97,898▲
Other operating charges640/8€1,347€1,360▲
Gross operating margin9900€114,319€220,949▲
Operating profit (loss)9901€32,108€121,690▲
Financial income75/76B€237€545▲
Recurring financial income75€237€545▲
Financial charges65/66B€8,301€10,491▲
Recurring financial charges65€8,301€10,491▲
Profit (loss) for the period before taxes9903€24,045€111,745▲
Income taxes67/77€6,400€24,464▲
Profit (loss) for the period9904€17,645€87,281▲
Profit (loss) for the period to be appropriated9905€17,645€87,281▲
Appropriation of the result
Profit (loss) to be appropriated9906€17,645€87,281▲
Transfer to equity691/2€15,979€7,281▼
To other reserves6921€15,979€7,281▼
Profit to be distributed694/7€1,666€80,000▲
Return on contributions (dividend)694€1,666€80,000▲

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020212022202320242025Change
Non-recurring operating income76A-€142-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,345€36,143€46,570€60,830€80,864€97,898▲ 21.1%
Other operating charges640/8-€559€684€1,094€1,347€1,360▲ 0.9%
Non-recurring operating charges66A-€942-----
Gross operating margin9900€69,946€48,283€100,904€135,769€114,319€220,949▲ 93.3%
Operating profit (loss)9901€50,919€10,640€53,649€73,845€32,108€121,690▲ 279%
Financial income75/76B-€0€25€633€237€545▲ 130%
Recurring financial income75€246€0€25€633€237€545▲ 130%
Financial charges65/66B-€2,943€2,577€7,025€8,301€10,491▲ 26.4%
Recurring financial charges65€1,271€2,943€2,577€7,025€8,301€10,491▲ 26.4%
Profit (loss) for the period before taxes9903€49,894€7,697€51,097€67,454€24,045€111,745▲ 365%
Income taxes67/77€7,241€627€9,205€17,500€6,400€24,464▲ 282%
Profit (loss) for the period9904€42,653€7,070€41,892€49,954€17,645€87,281▲ 395%
Profit (loss) for the period to be appropriated9905€42,653€7,070€41,892€49,954€17,645€87,281▲ 395%
Line202020212022202320242025Change
Assets
Total assets20/58€198,200€225,089€327,843€371,600€387,404€601,502▲ 55.3%
Fixed assets21/28€139,449€163,386€220,185€282,294€277,226€433,732▲ 56.5%
Tangible fixed assets22/27€139,449€163,386€220,185€282,294€277,226€433,732▲ 56.5%
Plant, machinery and equipment23-€62,594€141,184€229,866€240,943€311,021▲ 29.1%
Furniture and vehicles24-€11,515€15,167€20,835€11,025€6,486▼ 41.2%
Leasing and similar rights25-€89,277€63,834€31,593€25,257€116,225▲ 360%
Current assets29/58€58,751€61,703€107,658€89,306€110,178€167,770▲ 52.3%
Stocks and contracts in progress3--€750€4,350€4,780€4,780=
Stocks30/36--€750€4,350€4,780€4,780=
Amounts receivable within one year40/41€20,824€25,459€74,351€62,125€54,243€111,812▲ 106%
Trade receivables40-€19,400€62,320€48,798€46,726€111,712▲ 139%
Other amounts receivable41-€6,058€12,031€13,327€7,517€100▼ 98.7%
Cash at bank and in hand54/58€30,650€27,360€28,045€19,558€47,559€48,243▲ 1.4%
Deferred charges and accrued income490/1-€8,884€4,512€3,273€3,596€2,935▼ 18.4%
Equity and liabilities
Total equity and liabilities10/49€198,200€225,089€327,843€371,600€387,404€601,502▲ 55.3%
Equity10/15€60,453€66,723€107,814€156,102€172,081€179,362▲ 4.2%
Contributions10/11-€18,600€18,600€18,600€18,600€18,600=
Reserves13€41,853€48,123€89,214€137,502€153,481€160,762▲ 4.7%
Distributable reserves133-€48,123€89,214€137,502€153,481€160,762▲ 4.7%
Profit (loss) carried forward14----€0€0-
Amounts payable17/49€137,747€158,366€220,029€215,498€215,323€422,140▲ 96.0%
Amounts payable after more than one year17€86,606€99,652€124,891€127,466€103,451€163,582▲ 58.1%
Financial debts170/4-€99,652€124,891€127,466€103,451€163,582▲ 58.1%
Amounts payable within one year42/48€51,141€58,714€95,137€88,032€110,751€254,615▲ 130%
Current portion of amounts payable after more than one year42-€38,664€51,010€48,145€65,173€102,287▲ 56.9%
Trade debts44€10,851€5,416€28,661€28,217€10,596€31,736▲ 200%
Suppliers440/4-€5,416€28,661€28,217€10,596€31,736▲ 200%
Taxes, remuneration and social security45-€8,551€9,858€5,413€5,012€10,459▲ 109%
Taxes450/3-€8,551€9,858€5,413€5,012€10,459▲ 109%
Other amounts payable47/48-€6,084€5,608€6,257€29,970€110,133▲ 267%
Accrued charges and deferred income492/3----€1,121€3,944▲ 252%
Line202020212022202320242025Change
Profit (loss) for the period9904€42,653€7,070€41,892€49,954€17,645€87,281▲ 395%
+ Depreciation and write-downs630€18,345€36,143€46,570€60,830€80,864€97,898▲ 21.1%
Operating cash flow (approximation)€60,998€43,212€88,462€110,784€98,508€185,179▲ 88.0%
Investment in fixed assets (approximation)--€60,080-€103,369-€122,939-€75,795-€254,405▼ 236%
Change in cash--€3,290€685-€8,487€28,001€684▼ 97.6%

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

Download as CSV

Filings with the National Bank (6)
Financial year Type Filed Reference
31-12-2025 micro format 17-06-2026 2026-00169199
31-12-2024 micro format 30-06-2025 2025-00212422
31-12-2023 micro format 28-06-2024 2024-00180545
31-12-2022 micro format 11-07-2023 2023-00230559
31-12-2021 micro format 28-06-2022 2022-20142469
31-12-2020 micro format 06-07-2021 2021-32000006

Similar companies · same sector, comparable size

Of the 234 active companies whose main activity is rental and leasing activities (NACE 77221), figures are known for 126. 96 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €143 awarded · €143 paid
Year Entries AwardedPaid
2025 1 €110€110
2024 1 €33€33
Schemes
2 entries · €143 · €143 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.