RULE
ActiveSummary
The computed 12-month bankruptcy probability of RULE is 3.2% (moderate). The 2024 annual accounts show negative equity (-€9,059) and a net result of €1,897. Equity is shrinking by ~17% per year across the filed fiscal years. Its solvency ranks better than 5% of 36386 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 99 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% 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
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,662 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% | 1.7% |
| 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 75% 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 2,178 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.
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,565 | €4,565 | €4,300 | - | - | - |
| Other operating charges640/8 | - | €530 | €348 | - | - | - |
| Gross operating margin9900 | €4,316 | -€347 | €6,057 | -€4,483 | €1,897 | ▲ 142% |
| Operating profit (loss)9901 | -€376 | -€5,442 | €1,410 | -€4,483 | €1,897 | ▲ 142% |
| Financial charges65/66B | - | €141 | €153 | - | - | - |
| Recurring financial charges65 | €129 | €141 | €153 | - | - | - |
| Profit (loss) for the period before taxes9903 | €325 | -€5,583 | €1,257 | -€4,483 | €1,897 | ▲ 142% |
| Profit (loss) for the period9904 | €325 | -€5,583 | €1,257 | -€4,483 | €1,897 | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | €325 | -€5,583 | €1,257 | -€4,483 | €1,897 | ▲ 142% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,012 | €30,961 | €23,163 | €20,382 | €22,802 | ▲ 11.9% |
| Fixed assets21/28 | €13,432 | €4,302 | €2 | €2 | €2 | = |
| Tangible fixed assets22/27 | €13,431 | €4,300 | - | - | - | - |
| Furniture and vehicles24 | - | €4,300 | - | - | - | - |
| Financial fixed assets28 | €2 | €2 | €2 | €2 | €2 | = |
| Current assets29/58 | €13,580 | €26,659 | €23,162 | €20,381 | €22,801 | ▲ 11.9% |
| Amounts receivable within one year40/41 | €12,835 | €17,996 | €19,017 | €19,547 | €21,967 | ▲ 12.4% |
| Trade receivables40 | - | - | €323 | €323 | €2,792 | ▲ 763% |
| Other amounts receivable41 | - | €17,996 | €18,693 | €19,223 | €19,174 | ▼ 0.3% |
| Cash at bank and in hand54/58 | €745 | €8,663 | €4,145 | €834 | €834 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,012 | €30,961 | €23,163 | €20,382 | €22,802 | ▲ 11.9% |
| Equity10/15 | -€3,027 | -€7,729 | -€6,473 | -€10,956 | -€9,059 | ▲ 17.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | - | - | - | - |
| Share premium1100/10 | - | €6,200 | - | - | - | - |
| Reserves13 | €127 | €127 | €127 | €127 | €127 | = |
| Non-distributable reserves130/1 | - | €127 | €127 | €127 | €127 | = |
| Reserves not available under the articles1311 | - | - | €127 | €127 | €127 | = |
| Other1319 | - | €127 | - | - | - | - |
| Profit (loss) carried forward14 | -€9,353 | -€14,056 | -€12,799 | -€17,283 | -€15,386 | ▲ 11.0% |
| Amounts payable17/49 | €30,039 | €38,690 | €29,636 | €31,338 | €31,862 | ▲ 1.7% |
| Amounts payable within one year42/48 | €30,039 | €38,690 | €29,636 | €31,338 | €31,862 | ▲ 1.7% |
| Trade debts44 | €23,914 | €9,051 | €1,539 | €3,241 | €3,765 | ▲ 16.2% |
| Suppliers440/4 | - | €9,051 | €1,539 | €3,241 | €3,765 | ▲ 16.2% |
| Other amounts payable47/48 | - | €29,639 | €28,097 | €28,097 | €28,097 | = |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €325 | -€5,583 | €1,257 | -€4,483 | €1,897 | ▲ 142% |
| + Depreciation and write-downs630 | €4,565 | €4,565 | €4,300 | - | - | - |
| Operating cash flow (approximation) | €4,890 | -€1,017 | €5,557 | -€4,483 | €1,897 | ▲ 142% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | - | -€4,517 | -€3,311 | €0 | ▲ 100% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0080/00G000 | Brussels | 176 m² | 1 · 82 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.