RUBEL
ActiveRUBEL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €627k and a net result of €286k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 45% of 1696 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+7
Solvency61▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days only on tighter terms
Liquidity ample (current ratio 2.03 against 1.09 in 2023; short-term debt: 26.7% and cash: 7.3% of total assets), but 63.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 139 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline16-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 24-02-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
65 d early
2023
4 d early
2022
110 d early
2021
103 d early
2020
113 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€627k▲ 42.2%
2023 · €441k
2018: €139k
2019: €140k
2020: €333k
2021: €347k
2022: €398k
2023: €441k
2018 → 2024
Total assets
€1.73M▲ 47.1%
2023 · €1.17M
2018: €295k
2019: €352k
2020: €962k
2021: €814k
2022: €1.03M
2023: €1.17M
2018 → 2024
Net result
€286k▲ 132%
2023 · €123k
2018: €8k
2019: €1k
2020: €193k
2021: €14k
2022: €50k
2023: €123k
2018 → 2024
Working capital
€476k▲ 1,444%
2023 · €31k
2018: €225k
2019: €275k
2020: €390k
2021: €341k
2022: €281k
2023: €31k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€333k-€347k▲ 4.2%€398k▲ 14.5%€441k▲ 10.9%€627k▲ 42.2%
Operating result€240k-€27k▼ 88.7%€61k▲ 126%€154k▲ 152%€370k▲ 141%
Net result€193k-€14k▼ 92.7%€50k▲ 258%€123k▲ 146%€286k▲ 132%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 141% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.73M
Fixed assets
€791k▲ 0.4%
Current assets
€937k▲ 142%
Equity and liabilities €1.73M
Equity
€627k▲ 42.2%
Debt
€1.10M▲ 50.1%
The debt ratio rises from 62.4% to 63.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€628k▲
2023 · €351k
Cash flow
€544k▲
2023 · €320k
Solvency
36.3%▼
2023 · 37.6%
Current ratio
2.03▲
2023 · 1.09
Quick ratio
1.82▲
2023 · 1.01
Debt / equity
1.75▲
2023 · 1.66
ROE
45.6%▲
2023 · 28.0%
ROA
16.6%▲
2023 · 10.5%
Interest coverage
27.30▲
2023 · 22.40
Debt
€1.10M▲
2023 · €733k
Debt ≤ 1 year
€461k▲
2023 · €356k
Debt > 1 year
€626k▲
2023 · €377k
Income taxes
€61k▲
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.17M€1.73M▲
Fixed assets21/28€787k€791k▲
Tangible fixed assets22/27€787k€791k▲
Plant, machinery and equipment23€470k€377k▼
Furniture and vehicles24€144k€336k▲
Leasing and similar rights25€173k€78k▼
Current assets29/58€387k€937k▲
Stocks and contracts in progress3€29k€98k▲
Stocks30/36€29k€98k▲
Amounts receivable within one year40/41€187k€713k▲
Trade receivables40€133k€654k▲
Other amounts receivable41€55k€59k▲
Cash at bank and in hand54/58€169k€126k▼
Deferred charges and accrued income490/1€2k€855▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.73M▲
Equity10/15€441k€627k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€373k€559k▲
Amounts payable17/49€733k€1.10M▲
Amounts payable after more than one year17€377k€626k▲
Financial debts170/4€377k€626k▲
Amounts payable within one year42/48€356k€461k▲
Current portion of amounts payable after more than one year42€67k€57k▼
Trade debts44€95k€277k▲
Suppliers440/4€95k€277k▲
Advances received on contracts in progress46€100k€0▼
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€91k€126k▲
Accrued charges and deferred income492/3€0€13k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€197k€257k▲
Other operating charges640/8€1k€848▼
Gross operating margin9900€352k€629k▲
Operating profit (loss)9901€154k€370k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€16k€23k▲
Recurring financial charges65€16k€23k▲
Profit (loss) for the period before taxes9903€138k€347k▲
Income taxes67/77€15k€61k▲
Profit (loss) for the period9904€123k€286k▲
Profit (loss) for the period to be appropriated9905€123k€286k▲
Appropriation of the result
Profit (loss) to be appropriated9906€453k€659k▲
Profit (loss) brought forward from the previous period14P€329k€373k▲
Profit to be distributed694/7€80k€100k▲
Directors or managers695€80k€100k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €286k ▲132%
Operating result €370k, net result €286k, both a record.
30-09
Financial
Equity above €500kEq €627k ▲42.2%
7 profitable years in a row build equity to €627k.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €333k ▲138%
3 profitable years in a row build equity to €333k.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €1k ▼87.5%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
04-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Dentergem · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldstraat(Den) 78720 DentergemGround area
2,872 m²
Building footprint
115 m²
Volume, LiDAR
526 m³
Parcel 37002D0236/00L000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Veldstraat(Den) 7, 8720 Dentergem
since 20012.095.216.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37002D0236/00L000 | Flanders | 2,872 m² | 1 · 115 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
1 siteDentergem2.095.216.628
Similar companies · same sector, comparable size
FERME BUISSERET ET FILS
BE 0440.908.748
Soignies · Eq €627k
DE RODE POORT
BE 0453.721.557
Diksmuide · Eq €626k
Domaine Viticole de la Ferme du Chapitre
BE 0448.005.287
Nivelles · Eq €629k
LA MANOUE
BE 0464.550.816
Gouvy · Eq €625k
AGRI FEVERY
BE 0474.127.486
Middelkerke · Eq €630k
Of 20,598 companies in sector 01500 we hold annual accounts for 1,149. 876 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-05-2001
Fiscal year end30-09
Activities, NACEBEL
01500Mixed farming
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473/552545