Financials
- Fiscal year
- 2024
- Total assets
- €1.4m
- Loss
- -€21,297
- Solvency
- 13.6%
Total assets▼ 7.4%
Net result
20182024
RUBCO
ActiveSummary
The computed 12-month bankruptcy probability of RUBCO is 2.8% (moderate). The 2024 annual accounts show equity of €185,118 and a net result of -€21,297. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 9085 sector peers (fiscal year 2024). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale trade
NACE 46869Wholesale of electrical equipment, including installation materials NACE 46643NACE 46693
#3 oldest company in Oudsbergen, Wholesale and retail trade sector1 site
Size
€1.4mtotal assets 2024
- Staff
- 2.7 FTE
- Equity
- €185,118
- Loss
- -€21,297
Turnover not published (abridged schema)
Structure
- Largest shareholder
- SERVIVO · 44.83%
Accounts 63 d overdue0 of 5 deeds read
Why 50- Figures for FY 2024 (filed 30-09-2025)- Equity €185,118 (13.6% of total assets)- Liquidity: current ratio 1.26, cash €46,513+ Founded in 1980Show the evidence
Checked score
Score 2024
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 27% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
39=
equity 13.6% of total assets
Liquidity
32-1
short-term debt 45.8% · cash 3.4%
Profitability
34+6
return on assets -1.6%
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 4 months
07-2026: 1.2%lowest value
08-2026: 1.8%▲ +47.4% vs 07-2026
09-2026: 2.1%▲ +16.3% vs 08-2026
10-2026: 2.8%▲ +34.2% vs 09-2026highest value
- Figures for FY 2024 (filed 30-09-2025) raises the probability
- Equity €185,118 (13.6% of total assets) raises the probability
- Liquidity: current ratio 1.26, cash €46,513 raises the probability
- Founded in 1980 lowers the probability for this profile
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.34 in 2023; short-term debt: 45.8% and cash: 3.4% of total assets), and 86.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 26%, liquidity 29%, profitability 28%, growth against the median 25%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€21,297
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9085 sector peers (2024).
NBB · sector comparisonPosition among 9085 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
61 d late
2022
12 d early
2021
19 d early
2020
61 d late
2019
109 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
- Weakest financial yearnet -€32,290
Key points
By topic
Board & ownership
- Largest shareholder
- SERVIVO · 44.83%
Timeline
- Events
- 14
- Since
- 2016
- 30-09-2025Annual accounts filed
- 30-09-2024Annual accounts filed
- 31-12-2023Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale tradeNACE 46869
- Founded
- 18-01-1980
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.