RUBEN (0742.858.761): financials and annual accounts

RUBEN

Saint-Vith ·KBO/BCE: BE 0742.858.761

Line	2025	2024	2023	2022	2021	2020
Balance sheet: assets
Total assets`20/58`	199,681	215,686	311,517	242,470	287,307	98,932
Fixed assets`21/28`	5,355	37,888	70,422	102,956	137,278	82,319
Intangible fixed assets`21`	5,355	37,888	70,422	102,956	136,648	82,319
Financial fixed assets`28`	-	-	-	-	630	-
Current assets`29/58`	194,327	177,798	241,095	139,513	150,029	16,613
Stocks and contracts in progress`3`	84,280	116,696	116,696	129,662	96,637	-
Stocks`30/36`	84,280	116,696	116,696	129,662	96,637	-
Amounts receivable within one year`40/41`	40,491	26,758	110,812	6,877	2,581	838
Trade receivables`40`	14,454	-	110,812	5,476	2,581	-
Other amounts receivable`41`	26,036	26,758	-	1,401	-	838
Cash at bank and in hand`54/58`	69,178	34,344	13,587	2,342	49,128	15,775
Deferred charges and accrued income`490/1`	378	-	-	633	1,684	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	199,681	215,686	311,517	242,470	287,307	98,932
Equity`10/15`	-145,123	-155,101	-184,894	-195,257	-73,313	44,298
Contributions`10/11`	61,500	61,500	61,500	61,500	61,500	61,500
Capital`10`	61,500	61,500	61,500	61,500	61,500	-
Issued capital`100`	61,500	61,500	61,500	61,500	61,500	61,500
Profit (loss) carried forward`14`	-206,623	-216,601	-246,394	-256,757	-134,813	-17,202
Amounts payable`17/49`	344,805	370,787	496,411	437,727	360,620	54,635
Amounts payable after more than one year`17`	294,491	320,758	387,394	285,000	285,000	-
Financial debts`170/4`	285,000	285,000	285,000	285,000	285,000	-
Other amounts payable`178/9`	9,491	35,758	102,394	-	-	-
Amounts payable within one year`42/48`	9,185	8,329	67,317	111,027	56,720	54,635
Trade debts`44`	1,419	443	47,254	52,001	36,243	52,153
Suppliers`440/4`	1,419	443	47,254	52,001	36,243	52,153
Taxes, remuneration and social security`45`	7,765	7,886	15,799	2,068	15,531	-
Taxes`450/3`	4,245	6,386	15,799	74	6,815	-
Remuneration and social security`454/9`	3,520	1,500	-	1,994	8,716	-
Other amounts payable`47/48`	-	-	4,265	56,958	4,945	2,482
Accrued charges and deferred income`492/3`	41,129	41,700	41,700	41,700	18,900	-
Income statement
Gross operating margin`9900`	86,901	62,731	57,001	-37,481	-41,681	-16,870
Remuneration, social security and pensions`62`	11,238	-	-	26,733	28,458	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	32,534	32,534	32,534	32,528	27,567	-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	32,415	-	12,966	-	-	-
Other operating charges`640/8`	320	-	820	574	427	229
Non-recurring operating charges`66A`	-	-	-	1,524	-	-
Operating profit (loss)`9901`	10,394	30,197	10,680	-98,841	-98,133	-17,099
Financial income`75/76B`	1	-	-	754	299	0
Recurring financial income`75`	1	-	-	754	299	0
Financial charges`65/66B`	276	265	223	23,784	19,777	104
Recurring financial charges`65`	276	265	223	23,784	19,777	104
Profit (loss) for the period before taxes`9903`	10,119	29,932	10,457	-121,871	-117,611	-17,202
Income taxes`67/77`	141	140	94	74	-	-
Profit (loss) for the period`9904`	9,978	29,793	10,363	-121,944	-117,611	-17,202
Profit (loss) for the period to be appropriated`9905`	9,978	29,793	10,363	-121,944	-117,611	-17,202
Appropriation of the result
Profit (loss) to be appropriated`9906`	-206,623	-216,601	-246,394	-256,757	-134,813	-17,202
Profit (loss) brought forward from the previous period`14P`	-216,601	-246,394	-256,757	-134,813	-17,202	-
Social balance sheet
Average staff (FTE)`9087`	1	-	-	0.5	0.5	-
Hours worked`1013`	356	-	-	745	927	-
Document	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	22-07-2026	2026-00317067	PDF
31-12-2024	abbreviated format	07-08-2025	2025-00365298	PDF
31-12-2023	abbreviated format	24-06-2024	2024-00178586	PDF
31-12-2022	abbreviated format	03-07-2023	2023-00210507	PDF
31-12-2021	abbreviated format	31-10-2022	2022-20481707	PDF
31-12-2020	abbreviated format	26-07-2021	2021-39900451	PDF

Line	2025	2024	2023	2022	2021	2020
EBITDA	42,928	62,731	43,214	-66,313	-70,566	-
Cash flow	42,512	62,327	42,897	-89,417	-90,044	-
Investment in fixed assets (approximation)	0	0	0	360	82,526	82,319
Change in cash	34,834	20,757	11,245	-46,786	33,353	-
Working capital	185,142	169,469	173,778	28,487	93,309	-38,021
Solvency	-72.7%	-71.9%	-59.4%	-80.5%	-25.5%	44.8%
Current ratio	21.16	21.35	3.58	1.26	2.65	0.30
Quick ratio	11.98	7.34	1.85	0.09	0.94	0.30
Debt to equity	-	-	-	-	-	1.23
ROE	-	-	-	-	-	-38.8%
ROA	5.0%	13.8%	3.3%	-50.3%	-40.9%	-17.4%
Interest coverage	over 100	over 100	over 100	-2.79	-3.57	-

Item	31-12-2025	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	-	1
full-time	-	-	1
part-time	1	-	-
in full-time equivalents	0.4	-	1
Average over the year, in full-time equivalents	0.4	0.5	0.5
On a permanent contract	1	-	1
Joined	2	0	1
Left	1	1	0

Item	2025	2024	2023	2022	2021
Intangible fixed assets	-	-	-	€360	€81,896
Financial fixed assets	-	-	-	-	€630
Depreciation and write-downs of the year	€32,534	€32,534	€32,534	€32,528	€27,567

RUBEN

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-72.7%

Current ratio21.16

Return on assets5.0%

Staff

Staff cost per FTE€11,238

Joined and left+1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on RUBEN

Next steps