Summary
RUAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €42k and a net result of €-54k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 8048 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
22 d early
2023
1 d early
2022
1 d early
2021
3 d early
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 55.9%
2024 · €96k
Net result
€-54k▼ 16.8%
2024 · €-46k
Total assets
€148k▼ 25.0%
2024 · €197k
Solvency
28.8%▼ 20.2pp
2024 · 48.9%
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€8k▼ 24.3%€7k▼ 12.0%€2k▼ 76.5%€323▼ 80.8%€7k▲ 1,936%
Net result€2k▼ 15.8%€2k▼ 14.9%€-4k€-46k▼ 1,208%€-54k▼ 16.8%
Equity€145k▲ 1.7%€146k▲ 0.3%€142k▼ 2.4%€96k▼ 32.4%€42k▼ 55.9%
Total assets€260k▼ 5.8%€254k▼ 2.2%€254k▼ 0.1%€197k▼ 22.4%€148k▼ 25.0%
Debt€114k▼ 13.9%€108k▼ 5.5%€111k▲ 3.0%€100k▼ 9.7%€105k▲ 4.6%
Working capital€-83k▲ 3.1%€-79k▲ 5.3%€-78k▲ 1.0%€-86k▼ 10.7%€-83k▲ 3.8%
Solvency56.0%▲ 4.1pp57.5%▲ 1.5pp56.1%▼ 1.3pp48.9%▼ 7.2pp28.8%▼ 20.2pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,936% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148k
Fixed assets
€126k ▼ 31.3%
Current assets
€22k ▲ 56.3%
Equity and liabilities €148k
Equity
€42k ▼ 55.9%
Debt
€105k ▲ 4.6%
Debt's share of the balance-sheet total rises from 51.1% to 71.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-126.8%▼
2024 · -47.9%
ROA
-36.5%▼
2024 · -23.4%
Debt ≤ 1 year
€105k▲
2024 · €100k
Income taxes
€3k▲
2024 · €268
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €264 | €264 | €0 | - | - | - |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 53.0% |
| Gross operating margin9900 | €10k | €9k | €4k | €2k | €9k | ▲ 375% |
| Operating profit (loss)9901 | €8k | €7k | €2k | €323 | €7k | ▲ 1,936% |
| Financial charges65/66B | - | €4k | €5k | €46k | €57k | ▲ 24.5% |
| Recurring financial charges65 | €4k | €4k | €5k | €46k | €57k | ▲ 24.5% |
| Profit (loss) for the period before taxes9903 | €4k | €3k | €-3k | €-46k | €-51k | ▼ 11.0% |
| Income taxes67/77 | €2k | €1k | €578 | €268 | €3k | ▲ 1,007% |
| Profit (loss) for the period9904 | €2k | €2k | €-4k | €-46k | €-54k | ▼ 16.8% |
| Transfer from tax-exempt reserves789 | - | €2k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2k | €4k | €-4k | €-46k | €-54k | ▼ 16.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €260k | €254k | €254k | €197k | €148k | ▼ 25.0% |
| Fixed assets21/28 | €229k | €228k | €228k | €183k | €126k | ▼ 31.3% |
| Tangible fixed assets22/27 | €264 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €228k | €228k | €228k | €183k | €126k | ▼ 31.3% |
| Current assets29/58 | €31k | €25k | €25k | €14k | €22k | ▲ 56.3% |
| Amounts receivable within one year40/41 | €18k | €21k | €24k | €9k | €11k | ▲ 24.0% |
| Trade receivables40 | - | €21k | €23k | €9k | €11k | ▲ 24.0% |
| Other amounts receivable41 | - | €126 | €126 | €0 | - | - |
| Cash at bank and in hand54/58 | €12k | €4k | €1k | €4k | €10k | ▲ 131% |
| Deferred charges and accrued income490/1 | - | €399 | €414 | €429 | €442 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €260k | €254k | €254k | €197k | €148k | ▼ 25.0% |
| Equity10/15 | €145k | €146k | €142k | €96k | €42k | ▼ 55.9% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €120k | €121k | €117k | €71k | €17k | ▼ 75.5% |
| Non-distributable reserves130/1 | - | €3k | €3k | €0 | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | €0 | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €118k | €115k | €71k | €17k | ▼ 75.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €114k | €108k | €111k | €100k | €105k | ▲ 4.6% |
| Amounts payable within one year42/48 | €114k | €104k | €103k | €100k | €105k | ▲ 4.6% |
| Financial debts43 | - | €90k | €84k | €80k | €80k | = |
| Other loans439 | - | €90k | €84k | €80k | €80k | = |
| Trade debts44 | €1k | €0 | €723 | €357 | €1k | ▲ 191% |
| Suppliers440/4 | - | €0 | €723 | €357 | €1k | ▲ 191% |
| Taxes, remuneration and social security45 | - | €6k | €6k | €6k | €8k | ▲ 39.3% |
| Taxes450/3 | - | €6k | €6k | €6k | €8k | ▲ 39.3% |
| Other amounts payable47/48 | - | €8k | €13k | €14k | €16k | ▲ 11.3% |
| Accrued charges and deferred income492/3 | - | €4k | €8k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €2k | €-4k | €-46k | €-54k | ▼ 16.8% |
| + Depreciation and write-downs630 | €264 | €264 | €0 | - | - | - |
| Operating cash flow (approximation) | €3k | €2k | €-4k | €-46k | €-54k | ▼ 16.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €46k | €57k | ▲ 25.0% |
| Change in cash | - | €-8k | €-3k | €3k | €6k | ▲ 81.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €3k ▲287%
Operating result €11k, net result €3k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Damme · 1 establishment unit since 2002
Ground area
705 m²
Building footprint
145 m²
Volume, LiDAR
848 m³
Parcel 31026C0840/00Y000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RUAN
since 20022.101.564.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026C0840/00Y000 | Flanders | 705 m² | 1 · 145 m² | 9.4 m · 2 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.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 9,898 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
Founded12-10-2001
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.