Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
The 2023 accounts came latest: 61 days after the end of the period.
Lower solvency than 91% of companies in construction of buildings. Sector median 42.9% · 9,452 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 8% of them on solvency, 20% on liquidity, 91% on profitability and 83% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,017 companies had the same profile as ROBUUST has now. Each dot stands for 3 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ROBUUST itself: 4.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,017 companies, not a prediction for ROBUUST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.37 (0.28 in 2024), below 1. Short-term debt is 115.1% and cash 20.1% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 47 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ROBUUST Maasmechelen | - | - | -15.1% | - |
| CRS BOUW Leopoldsburg | - | - | 78.1% | - |
| DBA FLOOR Beringen | - | - | 48.5% | - |
| ND Concepts Wevelgem | - | - | 77.4% | - |
| David Building Vilvoorde | - | - | 63.3% | - |
| NEW BRIQUE Beersel | €203,297 | 12.2% | 78.6% | - |
| JPL Invest Liège | €79,484 | 29.0% | 27.0% | - |
These companies have the same main activity as ROBUUST: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €38,900 and €51,400, founded between 2022 and 2023.
ROBUUST files the micro format. That format states no turnover. The gross margin fell from €26,675 in 2023 to €25,674 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €100,000 and €330,000.
Higher than 9% of 9,452 companies in 2025.
Higher than 5% of 9,200 companies in 2025.
Higher than 81% of 9,272 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
46,463 | 57,765 | 105,637 | |
21/28 |
26,834 | 37,617 | 43,415 | |
22/27 |
26,834 | 37,617 | 43,415 | |
23 |
11,782 | 16,308 | 17,694 | |
24 |
15,052 | 21,309 | 25,721 | |
29/58 |
19,629 | 20,148 | 62,222 | |
40/41 |
10,281 | 15,820 | 48,415 | |
40 |
9,295 | 15,718 | 42,400 | |
41 |
986 | 102 | 6,015 | |
50/53 |
1 | - | 9,053 | |
54/58 |
9,347 | 4,283 | 4,754 | |
490/1 |
- | 45 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
46,463 | 57,765 | 105,637 | |
10/15 |
-7,002 | -18,675 | 17,334 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
14,334 | 14,334 | 14,334 | |
133 |
14,334 | 14,334 | 14,334 | |
14 |
-24,336 | -36,009 | - | |
17/49 |
53,465 | 76,440 | 88,303 | |
17 |
- | 3,712 | 11,202 | |
170/4 |
- | 3,712 | 11,202 | |
42/48 |
53,465 | 72,728 | 77,101 | |
42 |
3,712 | 7,395 | 7,220 | |
44 |
16,146 | 36,492 | 19,624 | |
440/4 |
16,146 | 36,492 | 19,624 | |
46 |
- | - | 20,000 | |
45 |
27,885 | 28,667 | 22,302 | |
450/3 |
2,180 | 2,961 | 6,302 | |
454/9 |
25,705 | 25,706 | 16,000 | |
47/48 |
5,722 | 174 | 7,955 | |
| Income statement | ||||
9900 |
25,674 | -24,280 | 26,675 | |
62 |
1,368 | - | - | |
630 |
10,783 | 10,596 | 5,703 | |
640/8 |
768 | 701 | 480 | |
9901 |
12,755 | -35,577 | 20,492 | |
75/76B |
- | 576 | 1,120 | |
75 |
- | 576 | 1,120 | |
65/66B |
1,082 | 1,008 | 976 | |
65 |
1,082 | 1,008 | 976 | |
9903 |
11,673 | -36,009 | 20,636 | |
67/77 |
- | - | 6,302 | |
9904 |
11,673 | -36,009 | 14,334 | |
9905 |
11,673 | -36,009 | 14,334 | |
| Appropriation of the result | ||||
9906 |
-24,336 | -36,009 | 14,334 | |
14P |
-36,009 | - | - | |
691/2 |
- | - | 14,334 | |
6921 |
- | - | 14,334 | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-09-2026.
2025 annual accounts filed 56 days after the deadline. Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00524610.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 23,538 | -24,981 | 26,195 | ||
| 22,456 | -25,413 | 20,037 | ||
| 0 | 4,798 | 49,118 | ||
| 5,064 | -471 | - | ||
| -33,836 | -52,580 | -14,879 | ||
| -15.1% | -32.3% | 16.4% | ||
| 0.37 | 0.28 | 0.81 | ||
| - | - | 5.09 | ||
| - | - | 82.7% | ||
| 25.1% | -62.3% | 13.6% | ||
| 21.75 | -24.78 | 26.84 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €4,798 | €49,118 |
| €10,783 | €10,596 | €5,703 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €12,755, after a loss of €35,577 in 2024.
Equity is negative. Debt (€53,465) exceeds the balance-sheet total (€46,463).
ROBUUST has no parent and no holdings in its annual accounts.
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Prins Alexanderstraat 12 registered office 3630 Maasmechelen | 10-01-2023 | 2.340.125.493 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73048E0927/00C068 | 669 m² | 1 · 190 m² | 7.8 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0795.978.238
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