Summary
RULES has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €11,190 and a net result of €1,507. Equity is shrinking by ~49.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 2293 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 4 filingsDeviation from the deadline
2025
19 d late
2024
64 d early
2023
16 d early
2022
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 days before 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 company by total assets in Tongeren-Borgloon, Administrative and support services sector
Equity
€11,190▲ 15.6%
2024 · €9,683
Total assets
€2.8m▲ 5.1%
2024 · €2.7m
Net result
€1,507
2024 · -€30,955
Working capital
€69,565▼ 39.4%
2024 · €114,705
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
Line2022202320242025
Operating result-€26,764--€53,640▼ 100%-€72,326▼ 34.8%-€41,531▲ 42.6%
Net result-€18,778--€40,585▼ 116%-€30,955▲ 23.7%€1,507
Equity€81,222-€40,637▼ 50.0%€9,683▼ 76.2%€11,190▲ 15.6%
Total assets€1.0m-€1.7m▲ 72.1%€2.7m▲ 55.2%€2.8m▲ 5.1%
Debt€923,666-€1.7m▲ 82.8%€2.7m▲ 58.3%€2.8m▲ 5.0%
Working capital€115,825-€184,106▲ 59.0%€114,705▼ 37.7%€69,565▼ 39.4%
Staff (FTE)0-000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41,531 in 2025 against €72,326 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.7m ▲ 7.3%
Current assets
€77,905 ▼ 39.0%
Equity and liabilities €2.8m
Equity
€11,190 ▲ 15.6%
Debt
€2.8m ▲ 5.0%
Debt's share of the balance-sheet total stays at 99.6%.
Key figures and ratios
ROE
13.5%▲
2024 · -319.7%
ROA
0.1%▲
2024 · -1.2%
Debt ≤ 1 year
€8,341▼
2024 · €13,061
Debt > 1 year
€2.8m▲
2024 · €2.7m
Income taxes
€312▼
2024 · €341
A ratio outside any meaningful range has been withheld (balance sheet total €2.8m, equity €11,190).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,818 | €37,743 | €38,666 | ▲ 2.4% |
| Other operating charges640/8 | - | €885 | €3,719 | €3,452 | ▼ 7.2% |
| Gross operating margin9900 | -€26,764 | -€46,937 | -€30,863 | €588 | ▲ 102% |
| Operating profit (loss)9901 | -€26,764 | -€53,640 | -€72,326 | -€41,531 | ▲ 42.6% |
| Financial income75/76B | €8,107 | €13,257 | €41,836 | €43,395 | ▲ 3.7% |
| Recurring financial income75 | €8,107 | €13,257 | €41,836 | €43,395 | ▲ 3.7% |
| Financial charges65/66B | €120 | €78 | €123 | €45 | ▼ 63.4% |
| Recurring financial charges65 | €120 | €78 | €123 | €45 | ▼ 63.4% |
| Profit (loss) for the period before taxes9903 | -€18,778 | -€40,461 | -€30,613 | €1,819 | ▲ 106% |
| Income taxes67/77 | - | €123 | €341 | €312 | ▼ 8.7% |
| Profit (loss) for the period9904 | -€18,778 | -€40,585 | -€30,955 | €1,507 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | -€18,778 | -€40,585 | -€30,955 | €1,507 | ▲ 105% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.0m | €1.7m | €2.7m | €2.8m | ▲ 5.1% |
| Fixed assets21/28 | €875,398 | €1.5m | €2.6m | €2.7m | ▲ 7.3% |
| Tangible fixed assets22/27 | - | €666,182 | €721,665 | €682,999 | ▼ 5.4% |
| Land and buildings22 | - | €666,182 | €646,267 | €626,246 | ▼ 3.1% |
| Furniture and vehicles24 | - | - | €75,398 | €56,753 | ▼ 24.7% |
| Financial fixed assets28 | €875,398 | €876,547 | €1.8m | €2.1m | ▲ 12.3% |
| Current assets29/58 | €129,491 | €186,642 | €127,766 | €77,905 | ▼ 39.0% |
| Amounts receivable within one year40/41 | €45,646 | €51,080 | €33,189 | €33,669 | ▲ 1.4% |
| Trade receivables40 | €14,795 | €20,523 | €0 | - | - |
| Other amounts receivable41 | €30,851 | €30,557 | €33,189 | €33,669 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €73,223 | €122,749 | €62,882 | €11,703 | ▼ 81.4% |
| Deferred charges and accrued income490/1 | €10,622 | €12,813 | €31,695 | €32,533 | ▲ 2.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.0m | €1.7m | €2.7m | €2.8m | ▲ 5.1% |
| Equity10/15 | €81,222 | €40,637 | €9,683 | €11,190 | ▲ 15.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€18,778 | -€59,363 | -€90,317 | -€88,810 | ▲ 1.7% |
| Amounts payable17/49 | €923,666 | €1.7m | €2.7m | €2.8m | ▲ 5.0% |
| Amounts payable after more than one year17 | €910,000 | €1.7m | €2.7m | €2.8m | ▲ 5.3% |
| Financial debts170/4 | €910,000 | €1.7m | €2.7m | €2.8m | ▲ 5.3% |
| Amounts payable within one year42/48 | €13,666 | €2,536 | €13,061 | €8,341 | ▼ 36.1% |
| Trade debts44 | €13,666 | €916 | €11,901 | €3,701 | ▼ 68.9% |
| Suppliers440/4 | €13,666 | €916 | €11,901 | €3,701 | ▼ 68.9% |
| Taxes, remuneration and social security45 | - | €1,620 | €341 | €312 | ▼ 8.7% |
| Taxes450/3 | - | €1,620 | €341 | €312 | ▼ 8.7% |
| Other amounts payable47/48 | - | - | €818 | €4,328 | ▲ 429% |
| Accrued charges and deferred income492/3 | - | €4,198 | €400 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,778 | -€40,585 | -€30,955 | €1,507 | ▲ 105% |
| + Depreciation and write-downs630 | - | €5,818 | €37,743 | €38,666 | ▲ 2.4% |
| Operating cash flow (approximation) | -€18,778 | -€34,767 | €6,789 | €40,173 | ▲ 492% |
| Investment in fixed assets (approximation) | - | -€673,150 | -€1.1m | -€224,914 | ▲ 78.6% |
| Change in cash | - | €49,526 | -€59,867 | -€51,179 | ▲ 14.5% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
31-12
Financial
Back to profitnet €1,507
Net result €1,507 after 3 loss-making years.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€40,585
Net result drops to -€40,585, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 73.59
Current ratio from 9.48 to 73.59; short-term debt falls from €13,666 to €2,536.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
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, Tongeren-Borgloon · 1 establishment unit since 2022
Ground area
3,160 m²
Building footprint
482 m²
Volume, LiDAR
2,442 m³
Parcel 73067A0130/00K000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RULES
since 20222.334.579.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73067A0130/00K000 | Flanders | 3,160 m² | 1 · 482 m² | 9.5 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.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 4,759 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
Founded31-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
63920Other information service activities
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.