RUDVANS
ActiveSummary
RUDVANS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,722 and a net result of -€53,519. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 452 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-1
Solvency34▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.07 against 0.15 in 2024; short-term debt: 52.9% and cash: 2.6% of total assets), and 90.5% of the assets are financed with debt.
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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 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more 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
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
9.5%
Return on assets
-7.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€53,519
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 452 sector peers (2025).
NBB · sector comparisonPosition among 452 sector peers
Solvency
better than 21%
← 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 10-08-2026, 10 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
10 d late
2024
on the day
2023
15 d late
2022
on the day
2021
31 d late
2020
36 d early
2019
108 d late
← 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 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€71,722▼ 42.7%
2024 · €125,241
Total assets
€757,490▼ 8.8%
2024 · €830,551
Net result
-€53,519▲ 1.4%
2024 · -€54,253
Working capital
-€372,994▼ 11.3%
2024 · -€335,101
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€132,671-€44,214-€55,958▼ 26.6%-€44,567▲ 20.4%-€44,481▲ 0.2%
Net result€126,820-€47,506-€59,654▼ 25.6%-€54,253▲ 9.1%-€53,519▲ 1.4%
Equity-€119,745▲ 51.4%-€167,252▼ 39.7%€179,494€125,241▼ 30.2%€71,722▼ 42.7%
Total assets€554,643▲ 77.5%€500,268▼ 9.8%€826,047▲ 65.1%€830,551▲ 0.5%€757,490▼ 8.8%
Debt€674,388▲ 20.6%€667,519▼ 1.0%€646,553▼ 3.1%€705,310▲ 9.1%€685,768▼ 2.8%
Working capital-€352,115▲ 4.6%-€434,074▼ 23.3%-€296,353▲ 31.7%-€335,101▼ 13.1%-€372,994▼ 11.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44,481 in 2025 against €44,567 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €757,490
Fixed assets
€729,665 ▼ 5.5%
Current assets
€27,825 ▼ 52.5%
Equity and liabilities €757,490
Equity
€71,722 ▼ 42.7%
Debt
€685,768 ▼ 2.8%
Debt's share of the balance-sheet total rises from 84.9% to 90.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,446▼
2024 · -€1,422
Cash flow
-€10,485▲
2024 · -€11,108
Current ratio
0.07▼
2024 · 0.15
Debt to equity
9.56▲
2024 · 5.63
ROE
-74.6%▼
2024 · -43.3%
ROA
-7.1%▼
2024 · -6.5%
Interest coverage
-0.16▼
2024 · -0.15
Debt ≤ 1 year
€400,819▲
2024 · €393,657
Debt > 1 year
€284,445▼
2024 · €311,111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 912 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,438 | €20,346 | €20,985 | €43,145 | €43,035 | ▼ 0.3% |
| Other operating charges640/8 | €1,483 | €1,690 | €2,067 | €5,581 | €6,739 | ▲ 20.7% |
| Gross operating margin9900 | €144,592 | -€22,178 | -€32,906 | €4,159 | €5,292 | ▲ 27.3% |
| Operating profit (loss)9901 | €132,671 | -€44,214 | -€55,958 | -€44,567 | -€44,481 | ▲ 0.2% |
| Financial income75/76B | - | - | - | - | €9 | - |
| Recurring financial income75 | - | - | - | - | €9 | - |
| Financial charges65/66B | €5,850 | €3,292 | €3,697 | €9,686 | €9,048 | ▼ 6.6% |
| Recurring financial charges65 | €5,850 | €3,292 | €3,697 | €9,686 | €9,048 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €126,820 | -€47,506 | -€59,654 | -€54,253 | -€53,519 | ▲ 1.4% |
| Profit (loss) for the period9904 | €126,820 | -€47,506 | -€59,654 | -€54,253 | -€53,519 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €126,820 | -€47,506 | -€59,654 | -€54,253 | -€53,519 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €554,643 | €500,268 | €826,047 | €830,551 | €757,490 | ▼ 8.8% |
| Fixed assets21/28 | €460,147 | €477,934 | €814,192 | €771,995 | €729,665 | ▼ 5.5% |
| Tangible fixed assets22/27 | €460,147 | €477,934 | €814,192 | €771,995 | €729,665 | ▼ 5.5% |
| Land and buildings22 | €435,110 | €450,207 | €790,878 | €756,180 | €721,211 | ▼ 4.6% |
| Plant, machinery and equipment23 | €19,432 | €15,247 | €11,062 | €6,876 | €2,691 | ▼ 60.9% |
| Furniture and vehicles24 | €5,605 | €12,481 | €12,252 | €8,940 | €5,763 | ▼ 35.5% |
| Current assets29/58 | €94,496 | €22,334 | €11,855 | €58,556 | €27,825 | ▼ 52.5% |
| Amounts receivable within one year40/41 | €3,535 | €3,532 | €4,249 | €7,109 | €7,778 | ▲ 9.4% |
| Trade receivables40 | €1,904 | €1,729 | €1,805 | €7,109 | €7,265 | ▲ 2.2% |
| Other amounts receivable41 | €1,631 | €1,803 | €2,445 | - | €512 | - |
| Cash at bank and in hand54/58 | €89,698 | €17,546 | €5,265 | €50,173 | €19,574 | ▼ 61.0% |
| Deferred charges and accrued income490/1 | €1,263 | €1,256 | €2,341 | €1,274 | €474 | ▼ 62.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €554,643 | €500,268 | €826,047 | €830,551 | €757,490 | ▼ 8.8% |
| Equity10/15 | -€119,745 | -€167,252 | €179,494 | €125,241 | €71,722 | ▼ 42.7% |
| Contributions10/11 | €18,600 | €18,600 | €425,000 | €425,000 | €425,000 | = |
| Reserves13 | €10,805 | €10,805 | €10,092 | €10,092 | €10,092 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €8,945 | €8,945 | €10,092 | €10,092 | €10,092 | = |
| Profit (loss) carried forward14 | -€149,151 | -€196,657 | -€255,598 | -€309,851 | -€363,370 | ▼ 17.3% |
| Amounts payable17/49 | €674,388 | €667,519 | €646,553 | €705,310 | €685,768 | ▼ 2.8% |
| Amounts payable after more than one year17 | €227,778 | €211,111 | €337,778 | €311,111 | €284,445 | ▼ 8.6% |
| Financial debts170/4 | €227,778 | €211,111 | €337,778 | €311,111 | €284,445 | ▼ 8.6% |
| Amounts payable within one year42/48 | €446,610 | €456,408 | €308,208 | €393,657 | €400,819 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | €16,667 | €16,667 | €23,333 | €26,667 | €26,667 | = |
| Trade debts44 | €1,567 | €4,812 | €1,163 | €192 | €2,821 | ▲ 1,372% |
| Suppliers440/4 | €1,567 | €4,812 | €1,163 | €192 | €2,821 | ▲ 1,372% |
| Taxes, remuneration and social security45 | - | - | - | €1,865 | - | - |
| Taxes450/3 | - | - | - | €1,865 | - | - |
| Other amounts payable47/48 | €428,377 | €434,929 | €283,711 | €364,934 | €371,331 | ▲ 1.8% |
| Accrued charges and deferred income492/3 | - | - | €567 | €542 | €504 | ▼ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €126,820 | -€47,506 | -€59,654 | -€54,253 | -€53,519 | ▲ 1.4% |
| + Depreciation and write-downs630 | €10,438 | €20,346 | €20,985 | €43,145 | €43,035 | ▼ 0.3% |
| Operating cash flow (approximation) | €137,258 | -€27,160 | -€38,670 | -€11,108 | -€10,485 | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | -€38,132 | -€357,242 | -€949 | -€704 | ▲ 25.8% |
| Change in cash | - | -€72,152 | -€12,281 | €44,908 | -€30,599 | ▼ 168% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
31-12
Financial
Weakest financial yearnet -€59,654
Net result drops to -€59,654, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €179,494
Equity rises from -€167,252 to €179,494.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €126,820
Net result €126,820 after 3 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 44 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Zoersel · 1 establishment unit since 2009
Ground area
2,356 m²
Building footprint
283 m²
Volume, LiDAR
1,475 m³
Parcel 11055C0283/00F000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RUDVANS
since 20092.176.296.255
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055C0283/00F000 | Flanders | 2,356 m² | 1 · 283 m² | 7.5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 531 companies in sector 79120 we hold annual accounts for 203. 152 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
Founded06-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
79120Travel agency, tour operator and other reservation service and related activities
68201Renting and operating of own or leased residential real estate, excluding social housing
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809638214
Also
9925:BE0809638214
Registered
15-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.