Financials
- Financial year
- 2024
- Total assets
- €217,152
- Loss
- -€339,425
- Solvency
- 25.6%
Total assets▼ 52.7%
Net result
20182024
Rubey
ActiveSummary
The annual accounts of Rubey for financial year 2024 show a net loss of 156% of total assets and of 86% of the equity at the start of that year. The 2024 annual accounts show equity of €55,488 and a net result of -€339,425. Equity is shrinking by about 24% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2025. Its solvency ranks better than 24% of 37,599 sector peers (NACE 70, financial year 2024). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Business and other management consultancy
NACE 70200
1 site
Size
€217,152total assets 2024
- Equity
- €55,488
- Loss
- -€339,425
Turnover not published (abbreviated or micro format)
Structure
Accounts 72 days overdue1 of 6 deeds read
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsFigures for financial year 2024 (filed 14-08-2025)Loss of €339,425, the second in a row (financial year 2024)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Score 2024
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 34% of its sector peers (NACE 70, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency
51-49
equity 25.6% of total assets
Liquidity
100+3
short-term debt 5.4% · cash 51.9%
Profitability
0=
return on assets -156.3%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%lowest value
12-2024: 0.1%● unchanged vs 11-2024lowest value
01-2025: 0.3%▲ +0.2 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.5%▼ -0.1 percentage points vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▲ +0.2 percentage points vs 07-2026
09-2026: 1.0%▲ +0.2 percentage points vs 08-2026
10-2026: 1.4%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €2,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 11.71, compared with 5.93 in 2023; short-term debt: 5.4% and cash: 51.9% of total assets), but 74.4% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 27% on solvency, 97% on liquidity, 4% on profitability and 6% on growth.
The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€339,425
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 37599 sector peers (2024).
NBB · sector comparisonPosition among 37599 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
12 days late
2023
1 day early
2022
64 days late
2021
45 days early
2020
31 days late
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
- Capital & shares · Purpose ·…Auditor report · Capital contribution…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Key points
- Risk: 6 loss-making years in a rowloss financial year 2024 -€339,425 View
- Caution: Equity fell in 2024from €394,912 to €55,488 ▼ 85.9% View
- Caution: Among the weakest 5% on net resultsector median €26,141 · 37,624 companies -€339,425 View
- Caution: Accounts not fileddeadline was 31-07-2026 72 days late View
By topic
Timeline
- Events
- 13
- Since
- 2017
- 31-12-2023Weakest financial year
- 31-12-2023Liquidity more than 8 times
- 31-12-2023Equity above €200,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 16-09-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Purpose
- Het structureren, beheren en uitvoeren van investeringsprojecten in iconische en cultureel…
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