RUBINA
ActiveSummary
The computed 12-month bankruptcy probability of RUBINA is 3.8% (moderate). The 2025 annual accounts show negative equity (-€2,738) and a net result of €10,203. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 1576 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency12▲+12
Growth58=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.56 in 2024; short-term debt: 113.3% and cash: 24.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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
-13.3%
Return on assets
49.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1576 sector peers (2025).
NBB · sector comparisonPosition among 1576 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 7 filingsDeviation from the deadline
2025
19 d late
2024
31 d late
2023
30 d late
2022
78 d late
2021
92 d late
2020
86 d late
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10,203▲ 4.9%
2024 · €9,729
Working capital
-€14,120▲ 19.8%
2024 · -€17,614
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,894▲ 89.6%€12,548€5,625▼ 55.2%€10,077▲ 79.1%€10,077=
Net result-€5,123below the sector's middle half▲ 86.9%€11,604within the sector's middle half€4,974within the sector's middle half▼ 57.1%€9,729within the sector's middle half▲ 95.6%€10,203within the sector's middle half▲ 4.9%
Equity-€39,248below the sector's middle half▼ 15.0%-€27,644below the sector's middle half▲ 29.6%-€22,670below the sector's middle half▲ 18.0%-€12,941below the sector's middle half▲ 42.9%-€2,738below the sector's middle half▲ 78.8%
Total assets€61,897below the sector's middle half▲ 49.4%€28,772below the sector's middle half▼ 53.5%€31,334below the sector's middle half▲ 8.9%€27,035below the sector's middle half▼ 13.7%€20,643below the sector's middle half▼ 23.6%
Debt€101,145▲ 33.9%€56,416▼ 44.2%€54,004▼ 4.3%€39,976▼ 26.0%€23,380▼ 41.5%
Working capital-€46,791below the sector's middle half▼ 3.0%-€38,147below the sector's middle half▲ 18.5%-€29,634within the sector's middle half▲ 22.3%-€17,614within the sector's middle half▲ 40.6%-€14,120within the sector's middle half▲ 19.8%
Solvency-63.4%below the sector's middle half▲ 18.9pp-96.1%below the sector's middle half▼ 32.7pp-72.3%below the sector's middle half▲ 23.7pp-47.9%below the sector's middle half▲ 24.5pp-13.3%below the sector's middle half▲ 34.6pp
Current ratio0.45below the sector's middle half▲ 0.260.27below the sector's middle half▼ 0.190.44below the sector's middle half▲ 0.170.56below the sector's middle half▲ 0.120.40below the sector's middle half▼ 0.16
Return on assets (ROA)-8.3%below the sector's middle half▲ 86.4pp40.3%above the sector's middle half▲ 48.6pp15.9%above the sector's middle half▼ 24.5pp36.0%above the sector's middle half▲ 20.1pp49.4%above the sector's middle half▲ 13.4pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20,643
Fixed assets
€11,383 ▲ 144%
Current assets
€9,260 ▼ 58.6%
Key figures and ratios
EBITDA
€12,844▼
2024 · €13,565
Cash flow
€12,970▼
2024 · €13,217
Quick ratio
0.28▼
2024 · 0.51
Debt to equity
-8.54▼
2024 · -3.09
Interest coverage
46.37▲
2024 · 39.00
Debt ≤ 1 year
€23,380▼
2024 · €39,976
Staff costs
€20,328
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,180 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €20,328 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,153 | €8,153 | €6,830 | €3,488 | €2,767 | ▼ 20.7% |
| Other operating charges640/8 | €1,064 | €1,105 | €491 | €956 | €2,182 | ▲ 128% |
| Gross operating margin9900 | €5,323 | €21,806 | €12,947 | €14,521 | €35,353 | ▲ 143% |
| Operating profit (loss)9901 | -€3,894 | €12,548 | €5,625 | €10,077 | €10,077 | = |
| Financial income75/76B | €0 | €0 | €0 | €0 | €403 | ▲ 4,034,700% |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €0 | ▲ 3,700% |
| Non-recurring financial income76B | - | - | - | - | €403 | - |
| Financial charges65/66B | €1,230 | €944 | €652 | €348 | €277 | ▼ 20.4% |
| Recurring financial charges65 | €1,230 | €944 | €652 | €348 | €277 | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | -€5,123 | €11,604 | €4,974 | €9,729 | €10,203 | ▲ 4.9% |
| Profit (loss) for the period9904 | -€5,123 | €11,604 | €4,974 | €9,729 | €10,203 | ▲ 4.9% |
| Profit (loss) for the period to be appropriated9905 | -€5,123 | €11,604 | €4,974 | €9,729 | €10,203 | ▲ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,897 | €28,772 | €31,334 | €27,035 | €20,643 | ▼ 23.6% |
| Fixed assets21/28 | €23,044 | €14,991 | €8,161 | €4,673 | €11,383 | ▲ 144% |
| Tangible fixed assets22/27 | €19,208 | €11,055 | €4,225 | €737 | €11,283 | ▲ 1,430% |
| Plant, machinery and equipment23 | €1,780 | €339 | €222 | €104 | - | - |
| Furniture and vehicles24 | €10,533 | €7,233 | €3,933 | €633 | €7,575 | ▲ 1,097% |
| Other tangible fixed assets26 | €6,895 | €3,483 | €70 | - | €3,707 | - |
| Financial fixed assets28 | €3,836 | €3,936 | €3,936 | €3,936 | €100 | ▼ 97.5% |
| Current assets29/58 | €38,853 | €13,781 | €23,173 | €22,362 | €9,260 | ▼ 58.6% |
| Stocks and contracts in progress3 | €1,384 | €1,836 | €1,710 | €1,935 | €2,664 | ▲ 37.7% |
| Stocks30/36 | €1,384 | €1,836 | €1,710 | €1,935 | €2,664 | ▲ 37.7% |
| Amounts receivable within one year40/41 | €34,030 | €1,534 | €13,139 | €13,109 | €1,479 | ▼ 88.7% |
| Trade receivables40 | €28,827 | - | €10,345 | €11,857 | - | - |
| Other amounts receivable41 | €5,203 | €1,534 | €2,794 | €1,252 | €1,479 | ▲ 18.2% |
| Cash at bank and in hand54/58 | €3,404 | €10,367 | €6,129 | €7,033 | €5,116 | ▼ 27.3% |
| Deferred charges and accrued income490/1 | €36 | €45 | €2,196 | €285 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,897 | €28,772 | €31,334 | €27,035 | €20,643 | ▼ 23.6% |
| Equity10/15 | -€39,248 | -€27,644 | -€22,670 | -€12,941 | -€2,738 | ▲ 78.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | €12,400 | €12,400 | - | - | - |
| Other1109/19 | €12,400 | €12,400 | €12,400 | - | - | - |
| Profit (loss) carried forward14 | -€51,648 | -€40,044 | -€35,070 | -€25,341 | -€15,138 | ▲ 40.3% |
| Amounts payable17/49 | €101,145 | €56,416 | €54,004 | €39,976 | €23,380 | ▼ 41.5% |
| Amounts payable after more than one year17 | €15,501 | €4,488 | €668 | - | - | - |
| Financial debts170/4 | €15,501 | €4,488 | €668 | - | - | - |
| Amounts payable within one year42/48 | €85,644 | €51,928 | €52,807 | €39,976 | €23,380 | ▼ 41.5% |
| Current portion of amounts payable after more than one year42 | €3,231 | €3,513 | €3,819 | €668 | - | - |
| Trade debts44 | €9,335 | €9,550 | €3,018 | €3,058 | €2,052 | ▼ 32.9% |
| Suppliers440/4 | €9,335 | €9,550 | €3,018 | €3,058 | €2,052 | ▼ 32.9% |
| Advances received on contracts in progress46 | €28,070 | - | - | €10,388 | €580 | ▼ 94.4% |
| Taxes, remuneration and social security45 | - | €500 | €500 | - | €1,471 | - |
| Taxes450/3 | - | €500 | €500 | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | €1,471 | - |
| Other amounts payable47/48 | €45,008 | €38,365 | €45,469 | €25,861 | €19,277 | ▼ 25.5% |
| Accrued charges and deferred income492/3 | - | - | €529 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,123 | €11,604 | €4,974 | €9,729 | €10,203 | ▲ 4.9% |
| + Depreciation and write-downs630 | €8,153 | €8,153 | €6,830 | €3,488 | €2,767 | ▼ 20.7% |
| Operating cash flow (approximation) | €3,030 | €19,757 | €11,804 | €13,217 | €12,970 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€100 | €0 | €0 | -€9,476 | - |
| Change in cash | - | €6,963 | -€4,238 | €904 | -€1,917 | ▼ 312% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-09
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointmentsResignation: AKIN Battal (director) · Appointment: KASAP Gözde (non-statutory director) · Incorporation20 facts ▸
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointments
Resignation: AKIN Battal (director) · Appointment: KASAP Gözde (non-statutory director) · Incorporation20 facts ▸
- General meeting, 14-09-2026
- Incorporation, 07-02-2019
- Shareholding, 14-09-2026, parts sociales
- Statutes amendment
- Capital conversion, compte de capitaux propres statutairement indisponible
- Capital conversion, compte de capitaux propres statutairement indisponible
- Capital conversion, compte de capitaux propres 'apports non appelés'
- Reserve release, suppression du caractère indisponible, 12400
- Statutes amendment, Article 1
- Capital
- General meeting, adoptée à l'unanimité, votée article par article
- Director resignation, AKIN Battal (director)
- +8 further facts in this act
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2022
31-12
Financial
Back to profitnet €11,604
Net result €11,604 after 3 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Weakest financial yearnet -€39,250
Net result drops to -€39,250, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
KASAP Gözde
CurrentNon-statutory director · since 14-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2019
Ground area
341 m²
Building footprint
126 m²
Volume, LiDAR
1,413 m³
Parcel 21815D0116/00G002, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
RUBIM
since 20192.285.917.143
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0116/00G002 | Brussels | 341 m² | 1 · 126 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KASAP Gözde |
|
| AKIN Battal |
|
Articles of association
Who signs
Each director alone
Duration
Unlimited
Purpose
L’acquisition, la création, l’aménagement, l’agencement, l’installation, l’achat, la vente, la location, la gestion, la gérance, l’exploitation pour compte propre, pour compte…
Full purpose (3 activities)
- L’acquisition, la création, l’aménagement, l’agencement, l’installation, l’achat, la vente, la location, la gestion, la gérance, l’exploitation pour compte propre, pour compte d’autrui, par et avec autrui, des établissements de type HORECA : à savoir : restaurant, hôtel, motel, taverne, brasserie, friterie, snack, débits de boissons, dancing, bar, club privé, snack-bar, locaux et salon de consommation, traiteurs, salles de spectacles, la présente énumération étant exemplative et non limitative, ainsi que toutes activités relatives à la fourniture de tous produits et services de quelque nature que de soit en rapport direct ou indirect avec l’activité mentionnée, et plus généralement toutes activités de secteur HORECA dans le sens le plus large.
- Le commerce de gros et de détail en glaces de consommation et crèmes glacées
- La fabrication de crèmes glacées
Registered office clause
Région de Bruxelles-Capitale, simple décision de l’organe d’administration
Share issue rule
Libérées à leur émission
15, courrier électronique ou courrier ordinaire
1 more provision on this in the deed
Other statement
Effet des cessions, inscription dans le registre des actions
L'organe d'administration détermine s'ils agissent seul ou conjointement, gestion journalière
Toute personne peut renoncer à la convocation et, en tout cas, sera considérée comme ayant été régulièrement convoquée si elle est présente ou représentée à l'a…
Article 16. Admission à l’assemblée générale
Article 17. Séances – procès-verbaux
Article 19. Prorogation
Tout actionnaire, administrateur, commissaire, liquidateur ou porteur d'obligations domicilié à l'étranger, election of domicile
Tout litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à l'exécution des présents…
Les dispositions du Code des sociétés et des associations auxquelles il ne serait pas licitement dérogé sont réputées inscrites dans les présents statuts et les…
1 more provision on this in the deed
Share class
Les titulaires d'actions peuvent prendre connaissance de ce registre relatif à leurs titres, nominatives
Transfer restriction
Board rule
Voting rule
Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le représenter à l'assemblé…
Profit allocation
Article 21. Répartition – réserves
Dissolution rule
Dissolution, en tout temps
Liquidation rule
Article 23. Liquidateurs
Liquidation distribution
Article 24. Répartition de l’actif net
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 18-09-2026 ↗
- KASAP Gözde 186 shares · 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 18-09-2026 Converted to unavailable equity · 12,400 EUR
- 18-09-2026 Converted to unavailable equity
- 18-09-2026 Converted to uncalled contributions · 6,200 EUR
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.285.917.143
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Of 608 companies in sector 10520 we hold annual accounts for 235. 93 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
56112Limited-service restaurants, excluding mobile food services
47252Retail sale of beverages, general range
47271Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0720533519
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.