RUBEMASTER
RUBEMASTER has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €63k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 2199 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €126k |
| Net result | €63k |
| Staff (FTE) | 3.7 |
| Better than sector | 48% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.5% | 27.8% | |
| Net result | €63k | €4k | |
| Equity | €126k | €30k | |
| Gross operating margin | €259k | €35k | |
| Staff costs | €106k | €35k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €137k | €19k | €120k | €-7k | €-12k |
| Net profit | €63k | €-20k | €97k | €-17k | €-2k |
| Cash flow | €102k | €6k | €114k | €638 | €26k |
| Staff costs | €106k | €43k | €67k | €58k | €21k |
| Income taxes | €12k | €217 | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €516k | €428k | €240k | €174k | €198k |
| Equity | €126k | €63k | €84k | €-13k | €3k |
| Debt | €390k | €364k | €156k | €188k | €195k |
| of which ≤ 1y | €199k | €158k | €145k | €156k | €140k |
| of which > 1y | €190k | €205k | €12k | €31k | €55k |
| Working capital | €15k | €20k | €33k | €-55k | €-32k |
| Employees (FTE) | 3.7 | 3.8 | 2.8 | 2.2 | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.08 | 1.13 | 1.23 | 0.65 | 0.77 |
| Quick ratio | 1.08 | 1.13 | 1.23 | 0.65 | 0.77 |
| Working capital ratio | 2.9% | 4.8% | 13.9% | -31.5% | -16.3% |
| Solvency | 24.5% | 14.8% | 34.9% | -7.5% | 1.8% |
| Debt / equity | 3.09 | 5.74 | 1.86 | -14.30 | 56.08 |
| Long-term debt ratio | 1.51 | 3.24 | 0.14 | -2.39 | 15.71 |
| Interest coverage | 6.22 | 1.49 | 20.44 | -1.29 | -3.35 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 12.2% | -4.8% | 40.4% | -9.5% | -1.1% |
| ROE | 49.7% | -32.2% | 115.6% | 126.5% | -62.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €516k | €428k | €240k | €174k | €198k |
| Fixed assets | 21/28 | €302k | €249k | €62k | €73k | €90k |
| Tangible fixed assets | 22/27 | €211k | €228k | €58k | €69k | €86k |
| Financial fixed assets | 28 | €91k | €21k | €4k | €4k | €4k |
| Current assets | 29/58 | €214k | €179k | €178k | €101k | €108k |
| Stocks & contracts in progress | 3 | - | - | - | - | €0 |
| Amounts receivable within one year | 40/41 | €8k | €41k | €24k | €785 | €11k |
| Cash & bank | 54/58 | €185k | €117k | €154k | €100k | €97k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €516k | €428k | €240k | €174k | €198k |
| Equity | 10/15 | €126k | €63k | €84k | €-13k | €3k |
| Contributions / capital | 10/11 | €14k | €14k | €14k | €14k | €14k |
| Reserves | 13 | €5k | €5k | €5k | €5k | €5k |
| Accumulated profits (losses) | 14 | €107k | €44k | €65k | €-32k | €-16k |
| Amounts payable | 17/49 | €390k | €364k | €156k | €188k | €195k |
| Amounts payable after one year | 17 | €190k | €205k | €12k | €31k | €55k |
| Amounts payable within one year | 42/48 | €199k | €158k | €145k | €156k | €140k |
| Trade debts payable within one year | 44 | €33k | €16k | €12k | €13k | €10k |
| Income statement | ||||||
| Gross operating margin | 9900 | €259k | €80k | €197k | €56k | €14k |
| Operating result | 9901 | €97k | €-8k | €103k | €-25k | €-40k |
| Financial income | 75 | €0 | €22 | - | €14k | €41k |
| Financial charges | 65 | €22k | €12k | €6k | €6k | €4k |
| Result before taxes | 9903 | €75k | €-20k | €97k | €-17k | €-2k |
| Income taxes | 67/77 | €12k | €217 | - | - | - |
| Net result for the period | 9904 | €63k | €-20k | €97k | €-17k | €-2k |
| Result to be appropriated | 9905 | €63k | €-20k | €97k | €-17k | €-2k |
| NACE primary | Other amusement and recreation activities(93299) |
| Legal form | Private limited company(610) |
| Incorporation | 05-08-2011 |
| Status | Active |
| Postal code | 1400 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92046B0024/02Y000 | Wallonia | 2.9 ha | 1 · 9,924 m² | - |
| 25782C0086/00N002 | Wallonia | 7,741 m² | 1 · 6,990 m² | 9.2 m · 3 fl. |
| 52502C0004/00C018 | Wallonia | 144 m² | 1 · 47 m² | 8.9 m · 2 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
21-11-2023 Change in the board of directors
Technical details
{
"events": [
{
"kind": "substantive_delegation",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Fr\u00E9d\u00E9ric COLLART",
"address": "1470 Genappe, chemin de Wavre 32",
"birth_date": "1983-06-09",
"profession": null,
"birth_place": "Ixelles"
},
"reason": null,
"subkind": "confirmation",
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "substantive_delegation",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Fr\u00E9d\u00E9ric COLLART",
"address": "1470 Genappe, chemin de Wavre 32",
"birth_date": "1983-06-09",
"profession": null,
"birth_place": "Ixelles"
},
"reason": null,
"subkind": "confirmation",
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Louis JADOUL",
"firm_city": null,
"firm_name": "Louis JADOUL et Thibaut de PAUL de BARCHIFONTAINE",
"office_city": "Namur",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2023-11-21",
"filing_date": "2023-11-17",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-11-17",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0838.375.948",
"name_full": "RUBEMASTER",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Louis JADOUL",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}26-04-2023 Registered office moved from GENAPPE to NIVELLES
- Chemin de Wavre, 32 à 1470 GENAPPE → Chaussée de Namur 59-1400 NIVELLES
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Chauss\u00E9e de Namur 59-1400 NIVELLES",
"city": "NIVELLES",
"region": "waals_gewest",
"street": "Chauss\u00E9e de Namur",
"country": "BE",
"postcode": "1400",
"box_number": null,
"street_number": "59",
"locality_suffix": null
},
"old_address": {
"raw": "Chemin de Wavre, 32 \u00E0 1470 GENAPPE",
"city": "GENAPPE",
"region": "waals_gewest",
"street": "Chemin de Wavre",
"country": "BE",
"postcode": "1470",
"box_number": null,
"street_number": "32",
"locality_suffix": "(Bousval)"
},
"effective_date": null,
"evidence_quote": "Par d\u00E9cision de l\u0027Administrateur en date du 20 mars 2023, il est act\u00E9 le transfert du si\u00E8ge social de la soci\u00E9t\u00E9 de l\u0027adresse actuelle Chemin de Wavre 32 - 1470 Bousval \u00E0 Chauss\u00E9e de Namur 59-1400 NIVELLES.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-04-26",
"filing_date": "2023-03-20",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "enig_aandeelhouder_schriftelijk",
"date": "2023-03-20",
"unanimous": null
},
"subject_company": {
"kbo": "0838.375.948",
"name_full": "TRIBUNAL DE L\u0027ENTREPRISE",
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Eric Arpigny",
"org_rep_person_name": null,
"person_role_at_subject": "administrateur"
},
"co_filed_documents": []
}| Legal nameFR | RUBEMASTER |