RUBEN VDH
ActiveRUBEN VDH has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €48k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 26% of 980 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-2
Solvency50▼-50
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 5.81 in 2024; short-term debt: 60.8% and cash: 14.4% of total assets), and 75% 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
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 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25%
Return on assets
22.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 4 filingsDeviation from the deadline
2025
21 d late
2024
25 d late
2023
24 d late
2022
28 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▼ 58.9%
2024 · €131k
2022: €72k
2023: €95k
2024: €131k
2022 → 2025
Total assets
€215k▲ 39.8%
2024 · €154k
2022: €93k
2023: €145k
2024: €154k
2022 → 2025
Net result
€48k▲ 30.1%
2024 · €37k
2022: €70k
2023: €24k
2024: €37k
2022 → 2025
Working capital
€6k▼ 94.1%
2024 · €97k
2022: €58k
2023: €75k
2024: €97k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€72k-€95k▲ 32.0%€131k▲ 37.8%€54k▼ 58.9%
Operating result€96k-€32k▼ 67.1%€51k▲ 59.4%€63k▲ 25.5%
Net result€70k-€24k▼ 65.8%€37k▲ 54.1%€48k▲ 30.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215k
Fixed assets
€79k▲ 117%
Current assets
€137k▲ 16.0%
Equity and liabilities €215k
Equity
€54k▼ 58.9%
Debt
€161k▲ 603%
The debt ratio rises from 14.9% to 75.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€94k▲
2024 · €69k
Cash flow
€78k▲
2024 · €55k
Solvency
25.0%▼
2024 · 85.1%
Current ratio
1.04▼
2024 · 5.81
Quick ratio
1.04▼
2024 · 5.81
Debt / equity
3.00▲
2024 · 0.18
ROE
88.8%▲
2024 · 28.1%
ROA
22.2%▼
2024 · 23.9%
Interest coverage
56.07▼
2024 · 72.85
Debt
€161k▲
2024 · €23k
Debt ≤ 1 year
€131k▲
2024 · €20k
Debt > 1 year
€30k▲
2024 · €3k
Income taxes
€14k▲
2024 · €13k
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€154k€215k▲
Fixed assets21/28€36k€79k▲
Tangible fixed assets22/27€36k€79k▲
Plant, machinery and equipment23€20k€40k▲
Furniture and vehicles24€16k-
Leasing and similar rights25-€39k
Current assets29/58€118k€137k▲
Amounts receivable within one year40/41€53k€75k▲
Trade receivables40€45k€64k▲
Other amounts receivable41€8k€12k▲
Current investments50/53€30k€30k▲
Cash at bank and in hand54/58€34k€31k▼
Deferred charges and accrued income490/1€79€58▼
Equity and liabilities
Total equity and liabilities10/49€154k€215k▲
Equity10/15€131k€54k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€128k€51k▼
Amounts payable17/49€23k€161k▲
Amounts payable after more than one year17€3k€30k▲
Financial debts170/4€3k€30k▲
Amounts payable within one year42/48€20k€131k▲
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44€224€2k▲
Suppliers440/4€224€2k▲
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€8k€8k▼
Other amounts payable47/48€1k€110k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€30k▲
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A-€21
Gross operating margin9900€73k€96k▲
Operating profit (loss)9901€51k€63k▲
Financial income75/76B€79€225▲
Recurring financial income75€79€225▲
Financial charges65/66B€944€2k▲
Recurring financial charges65€944€2k▲
Profit (loss) for the period before taxes9903€50k€62k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€37k€48k▲
Profit (loss) for the period to be appropriated9905€37k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€176k▲
Profit (loss) brought forward from the previous period14P€92k€128k▲
Profit to be distributed694/7€833€125k▲
Return on contributions (dividend)694€833€125k▲
The notes to these accounts (8 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Equity above €100kEq €131k ▲37.8%
3 profitable years in a row build equity to €131k.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Weakest financial yearnet €24k ▼65.8%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ninove · 1 establishment unit since 2021
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.
Boterdael(Den) 439400 NinoveGround area
2,739 m²
Building footprint
142 m²
Volume, LiDAR
707 m³
Parcel 41012C0992/00L000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RUBEN VDH
since 20212.324.373.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41012C0992/00L000 | Flanders | 2,739 m² | 1 · 142 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 53 EUR awarded · 53 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 53 EUR | 53 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 264 companies in sector 42212 we hold annual accounts for 120. 92 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2021
Fiscal year end31-12
Activities, NACEBEL
42212Civil engineering
43110Demolition
43120Site preparation
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.