RUBAHA
ActiveSummary
The computed 12-month bankruptcy probability of RUBAHA is 4.6% (elevated). The 2025 annual accounts show negative equity (-€2,140) and a net result of €2,503. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 13560 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+25
Solvency15▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.6 in 2024; short-term debt: 109.9% and cash: 8.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-9.9%
Return on assets
11.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 13560 sector peers (2025).
NBB · sector comparisonPosition among 13560 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,503
2024 · -€2,531
Working capital
-€8,140▲ 47.5%
2024 · -€15,497
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,724▲ 5.1%€4,026€5,476▲ 36.0%-€2,018€2,946
Net result-€7,129below the sector's middle half▲ 5.1%€3,486within the sector's middle half€5,022within the sector's middle half▲ 44.1%-€2,531within the sector's middle half€2,503within the sector's middle half
Equity-€10,620below the sector's middle half▼ 204%-€7,134below the sector's middle half▲ 32.8%-€2,112within the sector's middle half▲ 70.4%-€4,643below the sector's middle half▼ 120%-€2,140below the sector's middle half▲ 53.9%
Total assets€49,936within the sector's middle half▲ 11.8%€53,195within the sector's middle half▲ 6.5%€58,820within the sector's middle half▲ 10.6%€34,560below the sector's middle half▼ 41.2%€21,674below the sector's middle half▼ 37.3%
Debt€60,556▲ 25.7%€60,329▼ 0.4%€60,932▲ 1.0%€39,203▼ 35.7%€23,813▼ 39.3%
Working capital-€36,475▼ 6.2%-€27,988▲ 23.3%-€17,966▲ 35.8%-€15,497▲ 13.7%-€8,140▲ 47.5%
Solvency-21.3%below the sector's middle half▼ 13.5pp-13.4%below the sector's middle half▲ 7.9pp-3.6%within the sector's middle half▲ 9.8pp-13.4%below the sector's middle half▼ 9.8pp-9.9%below the sector's middle half▲ 3.6pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,946 after a loss of €2,018 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,674
Fixed assets
€6,000 ▼ 44.7%
Current assets
€15,674 ▼ 33.9%
Key figures and ratios
EBITDA
€7,801▲
2024 · €2,982
Cash flow
€7,357▲
2024 · €2,469
Current ratio
0.66▲
2024 · 0.60
Quick ratio
0.58▲
2024 · 0.56
Debt to equity
-11.13▼
2024 · -8.44
ROA
11.5%▲
2024 · -7.3%
Interest coverage
17.59▲
2024 · 5.81
Debt ≤ 1 year
€23,813▼
2024 · €39,203
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.6% 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%.
| 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 3,639 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,116 | €13,505 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,000 | €5,000 | €5,000 | €5,000 | €4,854 | ▼ 2.9% |
| Other operating charges640/8 | €3,577 | €3,346 | €2,359 | €207 | €229 | ▲ 10.4% |
| Gross operating margin9900 | €6,969 | €25,877 | €12,835 | €3,189 | €8,029 | ▲ 152% |
| Operating profit (loss)9901 | -€5,724 | €4,026 | €5,476 | -€2,018 | €2,946 | ▲ 246% |
| Financial income75/76B | €0 | €0 | €1 | €0 | €0 | ▼ 52.4% |
| Recurring financial income75 | €0 | €0 | €1 | €0 | €0 | ▼ 52.4% |
| Financial charges65/66B | €1,404 | €540 | €455 | €513 | €443 | ▼ 13.6% |
| Recurring financial charges65 | €1,404 | €540 | €455 | €513 | €443 | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | -€7,129 | €3,486 | €5,022 | -€2,531 | €2,503 | ▲ 199% |
| Profit (loss) for the period9904 | -€7,129 | €3,486 | €5,022 | -€2,531 | €2,503 | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | -€7,129 | €3,486 | €5,022 | -€2,531 | €2,503 | ▲ 199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,936 | €53,195 | €58,820 | €34,560 | €21,674 | ▼ 37.3% |
| Fixed assets21/28 | €25,854 | €20,854 | €15,854 | €10,854 | €6,000 | ▼ 44.7% |
| Intangible fixed assets21 | €23,500 | €19,000 | €14,500 | €10,000 | €5,500 | ▼ 45.0% |
| Tangible fixed assets22/27 | €1,854 | €1,354 | €854 | €354 | - | - |
| Other tangible fixed assets26 | €1,854 | €1,354 | €854 | €354 | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €24,082 | €32,341 | €42,966 | €23,706 | €15,674 | ▼ 33.9% |
| Stocks and contracts in progress3 | €15,590 | €20,582 | €22,249 | €1,638 | €1,805 | ▲ 10.2% |
| Stocks30/36 | €15,590 | €20,582 | €22,249 | €1,638 | €1,805 | ▲ 10.2% |
| Amounts receivable within one year40/41 | €3,316 | €5,828 | €17,496 | €18,435 | €11,936 | ▼ 35.3% |
| Trade receivables40 | €1,143 | €3,521 | €17,327 | €18,435 | €9,159 | ▼ 50.3% |
| Other amounts receivable41 | €2,173 | €2,307 | €169 | - | €2,777 | - |
| Cash at bank and in hand54/58 | €4,814 | €5,930 | €3,222 | €3,633 | €1,933 | ▼ 46.8% |
| Deferred charges and accrued income490/1 | €362 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,936 | €53,195 | €58,820 | €34,560 | €21,674 | ▼ 37.3% |
| Equity10/15 | -€10,620 | -€7,134 | -€2,112 | -€4,643 | -€2,140 | ▲ 53.9% |
| Contributions10/11 | €10,200 | €10,200 | €10,200 | €10,200 | €10,200 | = |
| Reserves13 | €660 | €660 | €660 | €660 | €660 | = |
| Non-distributable reserves130/1 | €660 | €660 | €660 | €660 | €660 | = |
| Reserves not available under the articles1311 | €660 | €660 | €660 | €660 | €660 | = |
| Profit (loss) carried forward14 | -€21,480 | -€17,994 | -€12,972 | -€15,503 | -€13,000 | ▲ 16.1% |
| Amounts payable17/49 | €60,556 | €60,329 | €60,932 | €39,203 | €23,813 | ▼ 39.3% |
| Amounts payable within one year42/48 | €60,556 | €60,329 | €60,932 | €39,203 | €23,813 | ▼ 39.3% |
| Trade debts44 | €1,223 | €10,199 | €21,477 | €20,171 | €8,530 | ▼ 57.7% |
| Suppliers440/4 | €1,223 | €10,199 | €21,477 | €20,171 | €8,530 | ▼ 57.7% |
| Taxes, remuneration and social security45 | €42,821 | €34,163 | €30,591 | €9,957 | €9,209 | ▼ 7.5% |
| Taxes450/3 | €151 | €1,334 | €1,183 | €2,157 | - | - |
| Remuneration and social security454/9 | €42,671 | €32,829 | €29,408 | €7,801 | €9,209 | ▲ 18.1% |
| Other amounts payable47/48 | €16,512 | €15,967 | €8,864 | €9,074 | €6,074 | ▼ 33.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,129 | €3,486 | €5,022 | -€2,531 | €2,503 | ▲ 199% |
| + Depreciation and write-downs630 | €5,000 | €5,000 | €5,000 | €5,000 | €4,854 | ▼ 2.9% |
| Operating cash flow (approximation) | -€2,129 | €8,486 | €10,022 | €2,469 | €7,357 | ▲ 198% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1,116 | -€2,708 | €411 | -€1,700 | ▼ 514% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €2,503
Net result €2,503 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €5,022 ▲44.1%
Operating result €5,476, net result €5,022, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €3,486
Net result €3,486 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
31-12
Financial
Weakest financial yearnet -€11,030
Net result drops to -€11,030, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Elsene · 2 establishment units since 2012
Ground area
488 m²
Building footprint
212 m²
Volume, LiDAR
1,895 m³
2 parcels, Brussels · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
RUBAHA
since 20122.206.319.339
Au panier d'Ixelles
since 20192.294.337.139
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0133/00Z006 | Brussels | 302 m² | 1 · 69 m² | 12.6 m · 4 fl. |
| 21003A0316/00H000 | Brussels | 187 m² | 1 · 143 m² | 14.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesElsene2.294.337.139
Sint-Agatha-Berchem2.206.319.339
Similar companies · same sector, comparable size
De Fritaliaan
BE 0722.547.654
Steenokkerzeel · Eq €4,020
NOARBER
BE 1008.537.704
Elsene · Eq €4,015
THE GOLD COMPANY
BE 0862.468.768
Namur · Eq €4,028
AG & Y
BE 0662.773.680
Brugge · Eq €4,011
OMB LEUZE
BE 1018.663.514
Leuze-en-Hainaut · Eq €4,038
Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 4,666 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
Founded30-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
47252Retail sale of beverages, general range
47260Retail trade
47271Retail trade
47279Other retail sale of food
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842282870
Also
9925:BE0842282870
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.