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Ruisbroek Development

Active
Private limited companyfounded 20223 yrs activeNieuwewandeling 62, 9000 Gent, BelgiumKBO/BCE: BE 0793.510.082
Summary

Ruisbroek Development has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,073) and a net result of -€13,701. Equity is shrinking by ~127.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+1
Solvency25=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 0.4% and cash: 0.5% of total assets, and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025
Solvency, return and age of the figures
Solvency
-0.4%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€15,073
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 14-07-2026, 17 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
17 d early
2024
21 d early
2023
19 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 13 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Ruisbroek Development was incorporated on 10 November 2022 as a Private limited company.1 Total assets rose from EUR 2.4 million in 2023 to EUR 3.4 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€15,073▼ 998%
2024 · -€1,372
Total assets
€3.4m▲ 14.0%
2024 · €2.9m
Net result
-€13,701▲ 44.5%
2024 · -€24,701
Working capital
€3.3m▲ 13.9%
2024 · €2.9m
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€23,728--€24,588▼ 3.6%-€13,520▲ 45.0%
Net result-€26,672below the sector's middle half--€24,701below the sector's middle half▲ 7.4%-€13,701within the sector's middle half▲ 44.5%
Equity€23,328below the sector's middle half--€1,372below the sector's middle half-€15,073below the sector's middle half▼ 998%
Total assets€2.4mwithin the sector's middle half-€2.9mwithin the sector's middle half▲ 24.9%€3.4mwithin the sector's middle half▲ 14.0%
Debt€2.3m-€3.0m▲ 26.2%€3.4m▲ 14.5%
Working capital€2.3mabove the sector's middle half-€2.9mabove the sector's middle half▲ 28.4%€3.3mabove the sector's middle half▲ 13.9%
Solvency1.0%below the sector's middle half-0.0%below the sector's middle half▼ 1.0pp-0.4%below the sector's middle half▼ 0.4pp
Current ratio32.75above the sector's middle half-
Return on assets (ROA)-1.1%within the sector's middle half--0.8%within the sector's middle half▲ 0.3pp-0.4%within the sector's middle half▲ 0.4pp
Staff (FTE)0within the sector's middle half-0within the sector's middle half0within the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2023: -€23,728-€23,728Net result 2023: -€26,672-€26,672Operating result 2024: -€24,588-€24,588Net result 2024: -€24,701-€24,701Operating result 2025: -€13,520-€13,520Net result 2025: -€13,701-€13,701202320242025-€30,000-€20,000-€10,000€0Operating result 2023: -€23,728-€23,700Net result 2023: -€26,672-€26,700Operating result 2024: -€24,588-€24,600Net result 2024: -€24,701-€24,700Operating result 2025: -€13,520-€13,500Net result 2025: -€13,701-€13,700202320242025
The operating result stays negative: a loss of €13,520 in 2025 against €24,588 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets €1,500 ▲ 200%
Current assets €3.4m ▲ 14.0%
Key figures and ratios
2025 value · change against 2024
Quick ratio
7.20▼
2024 · 48.25
Debt ≤ 1 year
€13,931▲
2024 · €9,871
Debt > 1 year
€3.4m▲
2024 · €2.9m
A ratio outside any meaningful range has been withheld (balance sheet total €3.4m, equity -€15,073).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a small loss
1.0% went bankrupt
2.2% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 1,251 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.9m€3.4m▲
Fixed assets21/28€500€1,500▲
Financial fixed assets28€500€1,500▲
Current assets29/58€2.9m€3.4m▲
Stocks and contracts in progress3€2.5m€3.3m▲
Stocks30/36€2.5m€3.3m▲
Amounts receivable within one year40/41€468,898€77,368▼
Trade receivables40€1,930€0▼
Other amounts receivable41€466,968€77,368▼
Cash at bank and in hand54/58€1,329€15,985▲
Deferred charges and accrued income490/1€6,048€6,980▲
Equity and liabilities
Total equity and liabilities10/49€2.9m€3.4m▲
Equity10/15-€1,372-€15,073▼
Contributions10/11€50,000€50,000=
Profit (loss) carried forward14-€51,372-€65,073▼
Amounts payable17/49€3.0m€3.4m▲
Amounts payable after more than one year17€2.9m€3.4m▲
Financial debts170/4€2.9m€3.4m▲
Amounts payable within one year42/48€9,871€13,931▲
Trade debts44€9,871€13,931▲
Suppliers440/4€9,871€13,931▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Accrued charges and deferred income492/3€9€9▼
Income statement Code20242025
Other operating charges640/8€49,705€51,408▲
Gross operating margin9900€25,116€37,887▲
Operating profit (loss)9901-€24,588-€13,520▲
Financial charges65/66B€113€181▲
Recurring financial charges65€113€181▲
Profit (loss) for the period before taxes9903-€24,701-€13,701▲
Profit (loss) for the period9904-€24,701-€13,701▲
Profit (loss) for the period to be appropriated9905-€24,701-€13,701▲
Appropriation of the result
Profit (loss) to be appropriated9906-€51,372-€65,073▼
Profit (loss) brought forward from the previous period14P-€26,672-€51,372▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Other operating charges640/8€390€49,705€51,408▲ 3.4%
Gross operating margin9900-€23,338€25,116€37,887▲ 50.8%
Operating profit (loss)9901-€23,728-€24,588-€13,520▲ 45.0%
Financial charges65/66B€2,943€113€181▲ 60.5%
Recurring financial charges65€2,943€113€181▲ 60.5%
Profit (loss) for the period before taxes9903-€26,672-€24,701-€13,701▲ 44.5%
Profit (loss) for the period9904-€26,672-€24,701-€13,701▲ 44.5%
Profit (loss) for the period to be appropriated9905-€26,672-€24,701-€13,701▲ 44.5%
Line202320242025Change
Assets
Total assets20/58€2.4m€2.9m€3.4m▲ 14.0%
Fixed assets21/28-€500€1,500▲ 200%
Financial fixed assets28-€500€1,500▲ 200%
Current assets29/58€2.4m€2.9m€3.4m▲ 14.0%
Stocks and contracts in progress3€2.0m€2.5m€3.3m▲ 31.9%
Stocks30/36€2.0m€2.5m€3.3m▲ 31.9%
Amounts receivable within one year40/41€336,580€468,898€77,368▼ 83.5%
Trade receivables40-€1,930€0▼ 100%
Other amounts receivable41€336,580€466,968€77,368▼ 83.4%
Cash at bank and in hand54/58€48,476€1,329€15,985▲ 1,103%
Deferred charges and accrued income490/1€1,093€6,048€6,980▲ 15.4%
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.9m€3.4m▲ 14.0%
Equity10/15€23,328-€1,372-€15,073▼ 998%
Contributions10/11€50,000€50,000€50,000=
Profit (loss) carried forward14-€26,672-€51,372-€65,073▼ 26.7%
Amounts payable17/49€2.3m€3.0m€3.4m▲ 14.5%
Amounts payable after more than one year17€2.3m€2.9m€3.4m▲ 14.4%
Financial debts170/4€2.3m€2.9m€3.4m▲ 14.4%
Amounts payable within one year42/48€72,097€9,871€13,931▲ 41.1%
Trade debts44€72,092€9,871€13,931▲ 41.1%
Suppliers440/4€72,092€9,871€13,931▲ 41.1%
Taxes, remuneration and social security45€4€0--
Taxes450/3€4€0--
Accrued charges and deferred income492/3€179€9€9▼ 6.4%
Line202320242025Change
Profit (loss) for the period9904-€26,672-€24,701-€13,701▲ 44.5%
Operating cash flow (approximation)-€26,672-€24,701-€13,701▲ 44.5%
Investment in fixed assets (approximation)---€1,000-
Change in cash--€47,147€14,656▲ 131%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Liquidity times 9current ratio 298.70
Current ratio from 32.75 to 298.70; short-term debt falls from €72,097 to €9,871.
12-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated 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, Gent · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
2,277 m²
Building footprint
281 m²
Volume, LiDAR
4,129 m³
Parcel 44806F0399/00H000, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
95 companies at this address See who is registered here
1 establishment unit
Ruisbroek Development
Nieuwewandeling 62, 9000 GentReal estate development
since 20222.340.851.708
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44806F0399/00H000
ProtectedTownscape or village viewHerenhuis in neoclassicistische stijl met tuinSource ↗
Flanders 2,277 m² 1 · 281 m² 17.8 m · 5 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.

Structure & network

Part of the group The Good Life Development Fund II 10 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. The Good Life Development Fund II 100%
  2. Ruisbroek Development

Highest known parent: The Good Life Development Fund II. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 4,232 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
Founded10-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0793510082
Registered 04-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.