Summary
RULEMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.2m and a net result of €35,840. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 45% of 1501 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d early
2023
6 d early
2022
on the day
2021
54 d early
2020
87 d late
2019
25 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 8 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 26 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.2m▲ 3.0%
2024 · €1.2m
Net result
€35,840▲ 73.4%
2024 · €20,669
Total assets
€3.6m▼ 2.6%
2024 · €3.7m
Solvency
34.3%▲ 1.9pp
2024 · 32.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,240▼ 16.2%€49,478▲ 2.6%€116,355▲ 135%€104,210▼ 10.4%€125,275▲ 20.2%
Net result€35,823within the sector's middle half▼ 23.1%€31,888within the sector's middle half▼ 11.0%€43,819within the sector's middle half▲ 37.4%€20,669within the sector's middle half▼ 52.8%€35,840within the sector's middle half▲ 73.4%
Equity€1.5mabove the sector's middle half▲ 2.4%€1.1mabove the sector's middle half▼ 24.7%€1.2mabove the sector's middle half▲ 3.9%€1.2mabove the sector's middle half▲ 1.8%€1.2mabove the sector's middle half▲ 3.0%
Total assets€2.5mabove the sector's middle half▼ 2.3%€2.4mabove the sector's middle half▼ 3.3%€4.1mabove the sector's middle half▲ 72.6%€3.7mabove the sector's middle half▼ 10.3%€3.6mabove the sector's middle half▼ 2.6%
Debt€962,986▼ 9.0%€1.3m▲ 30.0%€2.9m▲ 135%€2.5m▼ 15.1%€2.4m▼ 5.2%
Working capital€296,027within the sector's middle half▲ 23.8%-€58,894below the sector's middle half-€612,008below the sector's middle half▼ 939%-€349,252below the sector's middle half▲ 42.9%-€251,395below the sector's middle half▲ 28.0%
Solvency60.9%within the sector's middle half▲ 2.8pp47.5%within the sector's middle half▼ 13.4pp28.6%within the sector's middle half▼ 18.9pp32.4%within the sector's middle half▲ 3.8pp34.3%within the sector's middle half▲ 1.9pp
Current ratio3.44above the sector's middle half▲ 0.260.89below the sector's middle half▼ 2.560.04below the sector's middle half▼ 0.850.14below the sector's middle half▲ 0.100.22below the sector's middle half▲ 0.08
Return on assets (ROA)1.5%below the sector's middle half▼ 0.4pp1.3%below the sector's middle half▼ 0.1pp1.1%below the sector's middle half▼ 0.3pp0.6%below the sector's middle half▼ 0.5pp1.0%below the sector's middle half▲ 0.4pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
The operating result recovers in 2025; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.6m
Fixed assets
€3.5m ▼ 3.0%
Current assets
€71,176 ▲ 24.5%
Equity and liabilities €3.6m
Equity
€1.2m ▲ 3.0%
Debt
€2.4m ▼ 5.2%
Debt's share of the balance-sheet total falls from 67.6% to 65.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
2.9%▲
2024 · 1.7%
Debt ≤ 1 year
€322,572▼
2024 · €406,444
Debt > 1 year
€2.0m▼
2024 · €2.1m
Income taxes
€12,704▲
2024 · €2,067
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €157,200 | €158,499 | €235,121 | €232,155 | €248,285 | ▲ 6.9% |
| Other operating charges640/8 | €16,169 | €16,612 | €30,933 | €31,351 | €32,621 | ▲ 4.1% |
| Non-recurring operating charges66A | - | - | - | €26,828 | €0 | ▼ 100% |
| Gross operating margin9900 | €221,609 | €224,588 | €382,409 | €394,545 | €406,180 | ▲ 2.9% |
| Operating profit (loss)9901 | €48,240 | €49,478 | €116,355 | €104,210 | €125,275 | ▲ 20.2% |
| Financial income75/76B | €1,704 | €0 | €2,897 | €3,315 | €3,312 | ▼ 0.1% |
| Recurring financial income75 | €1,704 | €0 | €2,897 | €3,315 | €3,312 | ▼ 0.1% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €14,121 | €14,401 | €71,051 | €84,789 | €80,043 | ▼ 5.6% |
| Recurring financial charges65 | €14,121 | €14,401 | €71,051 | €84,789 | €80,043 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €35,823 | €35,076 | €48,201 | €22,736 | €48,543 | ▲ 114% |
| Income taxes67/77 | - | €3,189 | €4,382 | €2,067 | €12,704 | ▲ 515% |
| Profit (loss) for the period9904 | €35,823 | €31,888 | €43,819 | €20,669 | €35,840 | ▲ 73.4% |
| Profit (loss) for the period to be appropriated9905 | €35,823 | €31,888 | €43,819 | €20,669 | €35,840 | ▲ 73.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.4m | €4.1m | €3.7m | €3.6m | ▼ 2.6% |
| Fixed assets21/28 | €2.0m | €1.9m | €4.1m | €3.6m | €3.5m | ▼ 3.0% |
| Tangible fixed assets22/27 | €2.0m | €1.9m | €4.1m | €3.6m | €3.5m | ▼ 3.0% |
| Land and buildings22 | €2.0m | €1.9m | €4.1m | €3.6m | €3.5m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | €10,779 | €9,619 | €20,526 | ▲ 113% |
| Financial fixed assets28 | - | €21,978 | €21,978 | €21,978 | €21,978 | = |
| Current assets29/58 | €417,242 | €459,063 | €25,533 | €57,192 | €71,176 | ▲ 24.5% |
| Amounts receivable within one year40/41 | €185,824 | €107,000 | €11,560 | €3,984 | €2,297 | ▼ 42.3% |
| Trade receivables40 | - | €95,000 | €11,560 | €984 | €0 | ▼ 100% |
| Other amounts receivable41 | €185,824 | €12,000 | €0 | €3,000 | €2,297 | ▼ 23.4% |
| Cash at bank and in hand54/58 | €231,418 | €352,063 | €13,426 | €53,208 | €68,879 | ▲ 29.5% |
| Deferred charges and accrued income490/1 | €0 | - | €547 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.4m | €4.1m | €3.7m | €3.6m | ▼ 2.6% |
| Equity10/15 | €1.5m | €1.1m | €1.2m | €1.2m | €1.2m | ▲ 3.0% |
| Contributions10/11 | €1.5m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €27,789 | €52,176 | €95,996 | €116,665 | €152,505 | ▲ 30.7% |
| Non-distributable reserves130/1 | €1,389 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,389 | €0 | - | - | - | - |
| Distributable reserves133 | €26,399 | €52,176 | €95,996 | €116,665 | €152,505 | ▲ 30.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €962,986 | €1.3m | €2.9m | €2.5m | €2.4m | ▼ 5.2% |
| Amounts payable after more than one year17 | €839,612 | €731,974 | €2.3m | €2.1m | €2.0m | ▼ 2.3% |
| Financial debts170/4 | €839,612 | €731,974 | €2.3m | €2.1m | €2.0m | ▼ 2.3% |
| Amounts payable within one year42/48 | €121,215 | €517,957 | €637,541 | €406,444 | €322,572 | ▼ 20.6% |
| Current portion of amounts payable after more than one year42 | €107,531 | €108,053 | €203,945 | €211,773 | €243,357 | ▲ 14.9% |
| Trade debts44 | €9,629 | €0 | - | €13,390 | €0 | ▼ 100% |
| Suppliers440/4 | €9,629 | €0 | - | €13,390 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €3,189 | €4,382 | €2,066 | €0 | ▼ 100% |
| Taxes450/3 | - | €3,189 | €4,382 | €2,066 | €0 | ▼ 100% |
| Other amounts payable47/48 | €4,055 | €406,714 | €429,214 | €179,214 | €79,214 | ▼ 55.8% |
| Accrued charges and deferred income492/3 | €2,159 | €1,500 | €1,196 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,823 | €31,888 | €43,819 | €20,669 | €35,840 | ▲ 73.4% |
| + Depreciation and write-downs630 | €157,200 | €158,499 | €235,121 | €232,155 | €248,285 | ▲ 6.9% |
| Operating cash flow (approximation) | €193,023 | €190,386 | €278,940 | €252,824 | €284,124 | ▲ 12.4% |
| Investment in fixed assets (approximation) | - | -€34,510 | -€2.4m | €222,902 | -€139,248 | ▼ 162% |
| Change in cash | - | €120,645 | -€338,637 | €39,783 | €15,671 | ▼ 60.6% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €20,669 ▼52.8%
Net result drops to €20,669, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
31-12
Financial
Highest result since 2018net €46,578 ▲12.5%
Net result €46,578, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 2.06
Current ratio from 0.76 to 2.06; short-term debt falls from €160,879 to €108,163.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
27-07
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 2 acts read
About the unread acts
We know of 2 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
2 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, Hasselt · 1 establishment unit since 2012
Ground area
2,658 m²
Building footprint
1,561 m²
Volume, LiDAR
7,613 m³
Parcel 71483E0214/00T003, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rulema
since 20122.219.524.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71483E0214/00T003 | Flanders | 2,658 m² | 1 · 1,561 m² | 7.1 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 592 companies in sector 66300 we hold annual accounts for 366. 204 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
Founded05-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
66300Activities auxiliary to financial services and insurance activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847783859
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.