RUBEN
ActiveThe computed 12-month bankruptcy probability of RUBEN is 2.0% (moderate). The 2025 annual accounts show negative equity (€-145k) and a net result of €10k. Equity is shrinking by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 156 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency67=
Growth58=
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 21.16 against 21.35 in 2024), but equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← 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
-72.7%
Return on assets
5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 156 sector peers (2025).
NBB · sector comparisonPosition among 156 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
9 d early
2024
7 d late
2023
37 d early
2022
28 d early
2021
92 d late
2020
5 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-145k▲ 6.4%
2024 · €-155k
2020: €44k
2021: €-73k
2022: €-195k
2023: €-185k
2024: €-155k
2020 → 2025
Total assets
€200k▼ 7.4%
2024 · €216k
2020: €99k
2021: €287k
2022: €242k
2023: €312k
2024: €216k
2020 → 2025
Net result
€10k▼ 66.5%
2024 · €30k
2020: €-17k
2021: €-118k
2022: €-122k
2023: €10k
2024: €30k
2020 → 2025
Working capital
€185k▲ 9.2%
2024 · €169k
2020: €-38k
2021: €93k
2022: €28k
2023: €174k
2024: €169k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-73k-€-195k▼ 166%€-185k▲ 5.3%€-155k▲ 16.1%€-145k▲ 6.4%
Operating result€-98k-€-99k▼ 0.7%€11k€30k▲ 183%€10k▼ 65.6%
Net result€-118k-€-122k▼ 3.7%€10k€30k▲ 187%€10k▼ 66.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€5k▼ 85.9%
Current assets
€194k▲ 9.3%
Key figures and ratios
EBITDA
€43k▼
2024 · €63k
Cash flow
€43k▼
2024 · €62k
Solvency
-72.7%▼
2024 · -71.9%
Current ratio
21.16▼
2024 · 21.35
Quick ratio
11.98▲
2024 · 7.34
Debt / equity
-2.38▲
2024 · -2.39
ROE
-6.9%▲
2024 · -19.2%
ROA
5.0%▼
2024 · 13.8%
Interest coverage
155.76▼
2024 · 236.89
Debt
€345k▼
2024 · €371k
Debt ≤ 1 year
€9k▲
2024 · €8k
Debt > 1 year
€294k▼
2024 · €321k
Income taxes
€141▲
2024 · €140
Staff costs
€11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€216k€200k▼
Fixed assets21/28€38k€5k▼
Intangible fixed assets21€38k€5k▼
Current assets29/58€178k€194k▲
Stocks and contracts in progress3€117k€84k▼
Stocks30/36€117k€84k▼
Amounts receivable within one year40/41€27k€40k▲
Trade receivables40-€14k
Other amounts receivable41€27k€26k▼
Cash at bank and in hand54/58€34k€69k▲
Deferred charges and accrued income490/1-€378
Equity and liabilities
Total equity and liabilities10/49€216k€200k▼
Equity10/15€-155k€-145k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-217k€-207k▲
Amounts payable17/49€371k€345k▼
Amounts payable after more than one year17€321k€294k▼
Financial debts170/4€285k€285k=
Other amounts payable178/9€36k€9k▼
Amounts payable within one year42/48€8k€9k▲
Trade debts44€443€1k▲
Suppliers440/4€443€1k▲
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€6k€4k▼
Remuneration and social security454/9€2k€4k▲
Accrued charges and deferred income492/3€42k€41k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€11k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€32k
Other operating charges640/8-€320
Gross operating margin9900€63k€87k▲
Operating profit (loss)9901€30k€10k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€265€276▲
Recurring financial charges65€265€276▲
Profit (loss) for the period before taxes9903€30k€10k▼
Income taxes67/77€140€141▲
Profit (loss) for the period9904€30k€10k▼
Profit (loss) for the period to be appropriated9905€30k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-217k€-207k▲
Profit (loss) brought forward from the previous period14P€-246k€-217k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 7 days late
2024
31-12
Financial
Highest result since 2020net €30k ▲187%
Operating result €30k, net result €30k, both a record.
31-12
Financial
Liquidity times 6current ratio 21.35
Current ratio from 3.58 to 21.35; short-term debt falls from €67k to €8k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.58
Current ratio from 1.26 to 3.58; short-term debt falls from €111k to €67k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-122k
Net result drops to €-122k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
2021
31-12
Financial
Liquidity times 9current ratio 2.65
Current ratio from 0.30 to 2.65.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sankt Vith · 1 establishment unit since 2020
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.
Malmedyer Strasse 95A4780 Sankt Vith1 establishment unit
RUBEN
since 20202.298.804.186
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BE 0742.956.355
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Of 596 companies in sector 22260 we hold annual accounts for 278. 95 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-02-2020
Fiscal year end31-12
Activities, NACEBEL
22260Manufacture of rubber and plastic products
25991Manufacture of fabricated metal products, except machinery and equipment
46494Wholesale of non-electrical household articles
47559Retail sale of other household articles
47599Retail trade
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:ruben-ag.com
E-mail:info@ruben-ag.com