RUBUS-XL
ActiveRUBUS-XL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €278k and a net result of €40k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75=
Solvency62▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 2.35 in 2024; short-term debt: 17.3% and cash: 5.8% of total assets), but 63% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
37%
Return on assets
5.3%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
9 d early
2023
on the day
2022
3 d early
2021
2 d early
2020
27 d late
2019
7 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€278k▲ 16.7%
2024 · €239k
2018: €155k
2019: €107k
2020: €116k
2021: €141k
2022: €168k
2023: €200k
2024: €239k
2018 → 2025
Total assets
€753k▲ 1.6%
2024 · €741k
2018: €424k
2019: €627k
2020: €641k
2021: €644k
2022: €655k
2023: €690k
2024: €741k
2018 → 2025
Net result
€40k▲ 3.9%
2024 · €38k
2018: €21k
2019: €-48k
2020: €9k
2021: €25k
2022: €27k
2023: €33k
2024: €38k
2018 → 2025
Working capital
€234k▲ 20.7%
2024 · €194k
2018: €21k
2019: €47k
2020: €93k
2021: €108k
2022: €130k
2023: €163k
2024: €194k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€168k▲ 19.3%€200k▲ 19.4%€239k▲ 19.1%€278k▲ 16.7%
Operating result€37k-€43k▲ 14.8%€60k▲ 39.4%€71k▲ 19.0%€71k▼ 0.3%
Net result€25k-€27k▲ 9.4%€33k▲ 19.8%€38k▲ 17.5%€40k▲ 3.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
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 €753k
Fixed assets
€388k▼ 3.9%
Current assets
€364k▲ 8.2%
Equity and liabilities €753k
Equity
€278k▲ 16.7%
Debt
€474k▼ 5.6%
The debt ratio falls from 67.8% to 63.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▲
2024 · €89k
Cash flow
€59k▲
2024 · €56k
Solvency
37.0%▲
2024 · 32.2%
Current ratio
2.79▲
2024 · 2.35
Quick ratio
0.49▲
2024 · 0.41
Debt / equity
1.70▼
2024 · 2.11
ROE
14.3%▼
2024 · 16.0%
ROA
5.3%▲
2024 · 5.2%
Interest coverage
6.70▲
2024 · 6.00
Debt
€474k▼
2024 · €502k
Debt ≤ 1 year
€130k▼
2024 · €143k
Debt > 1 year
€315k▼
2024 · €340k
Income taxes
€20k▲
2024 · €20k
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€741k€753k▲
Fixed assets21/28€404k€388k▼
Tangible fixed assets22/27€404k€388k▼
Land and buildings22€152k€147k▼
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€245k€236k▼
Financial fixed assets28€250€250=
Current assets29/58€337k€364k▲
Stocks and contracts in progress3€278k€300k▲
Stocks30/36€278k€300k▲
Amounts receivable within one year40/41€10k€17k▲
Trade receivables40€10k€17k▲
Other amounts receivable41€67€126▲
Cash at bank and in hand54/58€48k€44k▼
Deferred charges and accrued income490/1€402€3k▲
Equity and liabilities
Total equity and liabilities10/49€741k€753k▲
Equity10/15€239k€278k▲
Contributions10/11€57k€57k=
Reserves13€158k€198k▲
Tax-exempt reserves132€400€400=
Distributable reserves133€158k€198k▲
Profit (loss) carried forward14€24k€24k=
Amounts payable17/49€502k€474k▼
Amounts payable after more than one year17€340k€315k▼
Financial debts170/4€340k€315k▼
Amounts payable within one year42/48€143k€130k▼
Current portion of amounts payable after more than one year42€24k€25k▲
Financial debts43€14€16▲
Credit institutions430/8€14€16▲
Trade debts44€23k€24k▲
Suppliers440/4€23k€24k▲
Advances received on contracts in progress46€4k€9k▲
Taxes, remuneration and social security45€90k€71k▼
Taxes450/3€42k€32k▼
Remuneration and social security454/9€48k€39k▼
Other amounts payable47/48€2k€1k▼
Accrued charges and deferred income492/3€19k€29k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€-9k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€93k€84k▼
Operating profit (loss)9901€71k€71k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€15k€13k▼
Recurring financial charges65€15k€13k▼
Profit (loss) for the period before taxes9903€58k€60k▲
Income taxes67/77€20k€20k▲
Profit (loss) for the period9904€38k€40k▲
Profit (loss) for the period to be appropriated9905€38k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€63k▲
Profit (loss) brought forward from the previous period14P€24k€24k=
Transfer to equity691/2€38k€40k▲
To other reserves6921€38k€40k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €40k ▲3.9%
Net result €40k, the highest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €200k ▲19.4%
4 profitable years in a row build equity to €200k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €168k ▲19.3%
3 profitable years in a row build equity to €168k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-48k ▼334%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Stekene · 1 establishment unit since 2002
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.
Kleistraat(STE) 59190 StekeneGround area
2,248 m²
Building footprint
712 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
Rubus XL
since 20022.095.964.815
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1808/00H000 | Flanders | 1,237 m² | 1 · 438 m² | 0.0 m |
| 46024A1792/00K000 | Flanders | 1,011 m² | 1 · 274 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IMPRO
BE 0447.291.942
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L.T. - BOUW
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Bull Proof
BE 0713.930.391
Edegem · Eq €279k
BOREAL SERVICE
BE 0730.763.554
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De Bouwerie
BE 0667.554.295
Brugge · Eq €279k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 5,492 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-03-2002
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
43350Other building finishing work
47631Retail trade
47783Retail trade
70200Business and other management consultancy
70220Business consulting
71340
74142
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.
Contact details
1 entryE-mail:info@rubus-xl.eu