RUCO
ActiveSummary
RUCO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €807k and a net result of €54k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 37% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+3
Solvency62▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.15 in 2024; short-term debt: 62.9% and cash: 0% of total assets), and 63% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
2.5%
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 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
22 d late
2023
22 d late
2022
25 d early
2021
29 d late
2020
18 d early
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€54k▲ 664%
2024 · €7k
2018: €31k
2019: €50k▲ +64.0% vs 2018
2020: €216k▲ +331% vs 2019highest in 8 years
2021: €-44k▼ -120% vs 2020lowest in 8 years
2022: €53k▲ +220% vs 2021
2023: €-12k▼ -123% vs 2022
2024: €7k▲ +159% vs 2023
2025: €54k▲ +664% vs 2024
2018 → 2025
Working capital
€-1.17M▲ 11.7%
2024 · €-1.32M
2018: €-1.71Mlowest in 8 years
2019: €-1.63M▲ +4.9% vs 2018
2020: €-1.37M▲ +15.6% vs 2019
2021: €-1.36M▲ +0.7% vs 2020
2022: €-1.26M▲ +7.8% vs 2021
2023: €-1.42M▼ -13.1% vs 2022
2024: €-1.32M▲ +6.9% vs 2023
2025: €-1.17M▲ +11.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€705k-€758k▲ 7.5%€746k▼ 1.6%€753k▲ 0.9%€807k▲ 7.1%
2021: €705klowest in 5 years
2022: €758k▲ +7.5% vs 2021
2023: €746k▼ -1.6% vs 2022
2024: €753k▲ +0.9% vs 2023
2025: €807k▲ +7.1% vs 2024highest in 5 years
Operating result€-40k-€57k€-12k€9k€67k▲ 642%
2021: €-40klowest in 5 years
2022: €57k▲ +243% vs 2021
2023: €-12k▼ -121% vs 2022
2024: €9k▲ +177% vs 2023
2025: €67k▲ +642% vs 2024highest in 5 years
Net result€-44k-€53k€-12k€7k€54k▲ 664%
2021: €-44klowest in 5 years
2022: €53k▲ +220% vs 2021
2023: €-12k▼ -123% vs 2022
2024: €7k▲ +159% vs 2023
2025: €54k▲ +664% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 642% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.18M
Fixed assets
€1.98M ▼ 4.9%
Current assets
€205k ▼ 9.9%
Equity and liabilities €2.18M
Equity
€807k ▲ 7.1%
Debt
€1.38M ▼ 11.4%
Debt's share of the balance-sheet total falls from 67.4% to 63.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€175k▲
2024 · €116k
Cash flow
€161k▲
2024 · €114k
Current ratio
0.15▲
2024 · 0.15
Debt to equity
1.71▼
2024 · 2.06
ROE
6.7%▲
2024 · 0.9%
ROA
2.5%▲
2024 · 0.3%
Interest coverage
4744.38▲
2024 · 3178.62
Debt ≤ 1 year
€1.37M▼
2024 · €1.55M
Income taxes
€22k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.31M€2.18M▼
Fixed assets21/28€2.08M€1.98M▼
Tangible fixed assets22/27€2.08M€1.98M▼
Land and buildings22€2.08M€1.98M▼
Plant, machinery and equipment23€4k€3k▼
Current assets29/58€228k€205k▼
Amounts receivable within one year40/41€223k€201k▼
Trade receivables40€100k€91▼
Other amounts receivable41€123k€201k▲
Cash at bank and in hand54/58€1k€736▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€2.31M€2.18M▼
Equity10/15€753k€807k▲
Contributions10/11€572k€572k=
Capital10€572k€572k=
Issued capital100€572k€572k=
Reserves13€178k€231k▲
Non-distributable reserves130/1€28k€31k▲
Legal reserve130€28k€31k▲
Distributable reserves133€150k€200k▲
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€1.55M€1.38M▼
Amounts payable within one year42/48€1.55M€1.37M▼
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€11k€41k▲
Taxes450/3€11k€41k▲
Other amounts payable47/48€1.54M€1.33M▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€107k▲
Other operating charges640/8€9k€12k▲
Gross operating margin9900€125k€187k▲
Operating profit (loss)9901€9k€67k▲
Financial income75/76B€5k€9k▲
Recurring financial income75€5k€9k▲
Financial charges65/66B€37€37▲
Recurring financial charges65€37€37▲
Profit (loss) for the period before taxes9903€14k€76k▲
Income taxes67/77€7k€22k▲
Profit (loss) for the period9904€7k€54k▲
Profit (loss) for the period to be appropriated9905€7k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€57k▲
Profit (loss) brought forward from the previous period14P€2k€4k▲
Transfer to equity691/2€5k€53k▲
To the legal reserve6920€352€3k▲
To other reserves6921€5k€50k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8k | - | - | €1k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79k | €80k | €96k | €107k | €107k | ▲ 0.4% |
| Other operating charges640/8 | €8k | €8k | €15k | €9k | €12k | ▲ 36.3% |
| Gross operating margin9900 | €47k | €144k | €99k | €125k | €187k | ▲ 49.6% |
| Operating profit (loss)9901 | €-40k | €57k | €-12k | €9k | €67k | ▲ 642% |
| Financial income75/76B | - | - | €618 | €5k | €9k | ▲ 90.0% |
| Recurring financial income75 | - | - | €618 | €5k | €9k | ▲ 90.0% |
| Financial charges65/66B | €4k | €483 | €188 | €37 | €37 | ▲ 0.9% |
| Recurring financial charges65 | €4k | €483 | €188 | €37 | €37 | ▲ 0.9% |
| Profit (loss) for the period before taxes9903 | €-44k | €56k | €-11k | €14k | €76k | ▲ 458% |
| Income taxes67/77 | - | €3k | €578 | €7k | €22k | ▲ 238% |
| Profit (loss) for the period9904 | €-44k | €53k | €-12k | €7k | €54k | ▲ 664% |
| Profit (loss) for the period to be appropriated9905 | €-44k | €53k | €-12k | €7k | €54k | ▲ 664% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.10M | €2.14M | €2.21M | €2.31M | €2.18M | ▼ 5.4% |
| Fixed assets21/28 | €2.08M | €2.02M | €2.17M | €2.08M | €1.98M | ▼ 4.9% |
| Tangible fixed assets22/27 | €2.08M | €2.02M | €2.17M | €2.08M | €1.98M | ▼ 4.9% |
| Land and buildings22 | €2.08M | €2.02M | €2.17M | €2.08M | €1.98M | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | €5k | €4k | €3k | ▼ 30.6% |
| Furniture and vehicles24 | €1k | - | - | - | - | - |
| Current assets29/58 | €21k | €124k | €38k | €228k | €205k | ▼ 9.9% |
| Amounts receivable within one year40/41 | €4k | €121k | €28k | €223k | €201k | ▼ 10.0% |
| Trade receivables40 | €3k | €120k | - | €100k | €91 | ▼ 99.9% |
| Other amounts receivable41 | €1k | €1k | €28k | €123k | €201k | ▲ 63.4% |
| Cash at bank and in hand54/58 | €16k | €2k | €8k | €1k | €736 | ▼ 27.4% |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €4k | €4k | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.10M | €2.14M | €2.21M | €2.31M | €2.18M | ▼ 5.4% |
| Equity10/15 | €705k | €758k | €746k | €753k | €807k | ▲ 7.1% |
| Contributions10/11 | €572k | €572k | €572k | €572k | €572k | = |
| Capital10 | €572k | €572k | €572k | €572k | €572k | = |
| Issued capital100 | €572k | €572k | €572k | €572k | €572k | = |
| Reserves13 | €134k | €183k | €173k | €178k | €231k | ▲ 29.6% |
| Non-distributable reserves130/1 | €25k | €28k | €28k | €28k | €31k | ▲ 9.6% |
| Legal reserve130 | €25k | €28k | €28k | €28k | €31k | ▲ 9.6% |
| Distributable reserves133 | €109k | €155k | €145k | €150k | €200k | ▲ 33.3% |
| Profit (loss) carried forward14 | - | €4k | €2k | €4k | €5k | ▲ 28.4% |
| Amounts payable17/49 | €1.39M | €1.38M | €1.46M | €1.55M | €1.38M | ▼ 11.4% |
| Amounts payable within one year42/48 | €1.39M | €1.38M | €1.46M | €1.55M | €1.37M | ▼ 11.5% |
| Current portion of amounts payable after more than one year42 | €30k | - | - | - | - | - |
| Trade debts44 | €12k | €7k | €2k | €2k | €5k | ▲ 134% |
| Suppliers440/4 | €12k | €7k | €2k | €2k | €5k | ▲ 134% |
| Taxes, remuneration and social security45 | €1k | €4k | €27k | €11k | €41k | ▲ 271% |
| Taxes450/3 | €1k | €4k | €27k | €11k | €41k | ▲ 271% |
| Other amounts payable47/48 | €1.34M | €1.37M | €1.43M | €1.54M | €1.33M | ▼ 13.7% |
| Accrued charges and deferred income492/3 | €7k | €3k | €3k | €3k | €3k | ▼ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-44k | €53k | €-12k | €7k | €54k | ▲ 664% |
| + Depreciation and write-downs630 | €79k | €80k | €96k | €107k | €107k | ▲ 0.4% |
| Operating cash flow (approximation) | €35k | €133k | €84k | €114k | €161k | ▲ 41.4% |
| Investment in fixed assets (approximation) | - | €-22k | €-248k | €-16k | €-6k | ▲ 63.8% |
| Change in cash | - | €-15k | €6k | €-7k | €-277 | ▲ 95.8% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €216k ▲331%
Operating result €227k, net result €216k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €533k ▲10.4%
2 profitable years in a row build equity to €533k.
Show earlier events
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Halle · 1 establishment unit since 1992
Ground area
5,426 m²
Building footprint
334 m²
Volume, LiDAR
1,708 m³
Parcel 23013B0282/00B000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RUCO NV
since 19922.058.192.421
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23013B0282/00B000 | Flanders | 5,426 m² | 1 · 334 m² | 8.0 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 30,136 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-05-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.