RULO

Active Public limited companyfounded 1995active for 31 yearsChaussée d'Audenarde 82, 7742 PecqKBO/BCE: BE 0454.294.253

RULO

Follow Report Compare

Overview

Lifetime

20 annual accounts with figures on one time axis, 29 filings since 1996

Compare with

peak €5.3m (2007)

€4.6m▼ 0.5%

lowest -€804,193 (2011)

€23,118▼ 78.2%

peak €1.8m (2008)

€1.6m▲ 1.5%

€442,636▼ 22.6%

peak 26 FTE (2007)

15.7 FTE▲ 6.1%

Board4 names since 2018

Owners2 names in the annual accounts

Documentsfilings and deeds

01-09-202632 days late

2025financial year

Result from €106,046 to €23,118Debts from €571,803 to €442,636

Key points

from the 2025 annual accounts

Equity

€1.6m ▲ 1.5%

RULO has made a profit without a break since 2012.

Result

€23,118 ▼ 78.2%

The result fell in 2025 from €106,046 to €23,118.

Staff

15.7 FTE from 26 in 2007

Between 2007 and 2025, 40% of the full-time equivalents disappeared.

2025 accounts filed 32 days after the deadline

Checked score

Excellent

Financially stronger than 67% of small companies in rubber and plastics (NACE 22)

Probability in this band: under 0.55%

Bankruptcy probability within 12 months 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 163 companies (NACE 22, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.2 percentage points vs 06-2025 08-2025: 0.6%▲ +0.1 percentage points vs 07-2025 09-2025: 0.7%▲ +0.1 percentage points vs 08-2025highest value 10-2025: < 0.1%▼ -0.7 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength

Strong

100+2equity 78.4% of total assets

77-1short-term debt 21.1% · cash 27.3%

57-4return on assets 1.1%

Score breakdown

raises risk

Last filed accounts filed 32 days late; 3 of the last 3 accounts late

lowers risk

Liquidity: current ratio 4.00, cash €557,454

Founded in 1995

Equity €1.6m (78.4% of total assets)

Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, small). It does better than 92% of them on solvency, 92% on liquidity, 36% on profitability and 48% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as RULO has now. Each dot stands for 37 companies, two years later.

96.2%

were still trading

3.5%

stopped another way

0.2%

went bankrupt

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of RULO itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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%	0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for RULO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €150,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 4.0 (3.43 in 2024), above the usual 1.5. Short-term debt is 21.1% and cash 27.3% of total assets. 21.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises risk

Liquidity: current ratio 4.00, cash €557,454

NBB · annual accounts

Founded in 1995

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Last filed accounts filed 32 days late; 3 of the last 3 accounts late

NBB · filings

Equity €1.6m (78.4% of total assets)

NBB · annual accounts

2025 accounts filed 32 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

32 days late

2024

41 days late

2023

34 days late

2022

85 days late

2021

233 days late

2020

29 days early

2019

31 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 52 days after the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 September (4 of the last 5 accounts filed within 44 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

09-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

last known board

AGENCE INDEPENFANTE DE PRESTATIONS SPRL

Director, last mentioned in 2020

Board & ownership

Recent changes

06-11-2020

Appointment: AGENCE INDEPENFANTE DE PRESTATIONS SPRL (director) Permanent representative: Jullen Baillon · Gazette deed

29-10-2019

Resignation: Philippe Fleurier (director) General meeting of 26-08-2019 · Gazette deed

07-12-2018

3 directors reappointed Joël Picard (managing director and chair of the board), Philippe Fleurier and Aurea · General meeting of 31-12-2016 · Gazette deed

18-03-1996

First establishment Chaussée d'Audenarde 82, Pecq

All 37 events

Comparable companies

same main activity, similar in size and age

Company
RULO Pecq	€4.6m	1.4%	78.4%	15.7
PMT -TRADING Kruisem	-	-	72.8%	10
DELTENRE & CO Charleroi	-	-	26.0%	17.3
VARINA Antoing	-	-	47.0%	7.7
ANTOMA Lommel	-	-	33.7%	11.9
STUDIEGROEP LABYRINT Asse	-	-	44.7%	10.5
COLLINET-ASSAINISSEMENT - COLLINET-WATERZUIVERING Herstal	€4.6m	26.8%	49.9%	12.4

Grey: the largest companies of the sector (rubber and plastics (NACE 22)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as RULO: manufacture of rubber and plastic products (NACE 22260). They are comparable in size and age: total assets between €1.7m and €4.3m, founded between 1984 and 1998.

Official details

Source: KBO

Status: Active since 03-02-1995Normal situation
Activity: Manufacture of rubber and plastic productsNACE 22260and 1 other
Establishment unit: 2.070.309.5037742 Pecq, since 18-03-1996
Financial year end: 31 December
Peppol: Reachable

Company details

Annual accounts 2025

: €4.6m▼ 0.5%
: €23,118▼ 78.2%
: €1.6m▲ 1.5%
: €2.0m▼ 4.9%
Employeeson 31-12-2025: 18▲ 5.9%
Filing: Filed on 01-09-2026

Financials

Insights on RULO

RULO has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €23,118, with €34,089 of non-recurring income.

Equity has been stable since 2018 (±0.9% per year). Its solvency ranks better than 81% of 232 sector peers (NACE 22, financial year 2025).

The computed 12-month bankruptcy probability is 0.1% (very low).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 01-09-2026, 32 days late

€4.6m

▼ 0.5%

€62,412

▼ 38.0%

€118,099

▼ 21.6%

€78,805

▼ 49.5%

78.4%

▲ 4.9 percentage points

4.00

▲ 0.57

Money flows

no detail for 2025

Balance sheet

balance sheet total €2.0m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

78.4%

Higher than 81% of 232 companies in 2025.

4.00

Higher than 80% of 227 companies in 2025.

1.1%

Higher than 36% of 232 companies in 2025.

RULO Middle half of the sector 80% of the sector Full accounts in rubber and plastics (NACE 22)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half · Staff: middle half

Staff

Men and women

Not in that year's accounts.

€40,282

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 3 people joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	2.0m	2.2m	1.9m	2.1m	2.0m	1.9m	2.0m	1.8m	1.7m	1.7m	1.7m	1.6m	1.8m	2.2m	2.5m	2.5m	3.7m	4.3m	4.4m	4.6m
`21/28`	313,914	332,759	361,237	393,322	390,911	329,998	278,794	301,518	292,661	335,001	315,468	413,373	510,419	641,834	953,072	1.2m	1.8m	2.1m	2.2m	2.3m
`21`	-	0	0	-	-	-	0	200	551	902	-	-	-	-	-	4,279	10,417	17,781	26,604	14,109
`22/27`	313,240	332,085	345,910	377,995	373,342	317,284	266,218	290,073	280,944	321,957	304,044	401,581	495,407	629,284	943,287	1.2m	1.4m	1.7m	1.9m	2.0m
`22`	77,815	90,593	99,038	97,871	85,666	61,736	66,632	71,528	79,865	99,000	90,392	115,136	141,434	167,747	194,696	222,623	255,700	297,041	342,796	387,377
`23`	163,846	158,757	149,471	171,760	167,379	114,039	36,383	46,824	35,341	43,243	28,175	87,564	142,106	239,617	513,038	698,891	910,914	1.1m	1.2m	1.0m
`24`	0	0	3,511	4,249	5,026	15,083	25,622	22,985	5,846	8,667	3,275	5,045	4,955	1,933	2,490	2,081	3,242	20,166	14,162	23,333
`25`	71,579	82,735	93,890	104,115	115,271	126,426	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	674	674	15,327	15,327	17,569	12,714	12,576	11,245	11,166	12,142	11,425	11,791	15,012	12,550	9,785	15,159	313,494	328,301	322,087	318,379
`284/8`	-	-	-	-	-	-	12,576	11,245	11,166	12,142	11,425	11,791	15,012	12,550	9,785	-	-	-	-	-
`285/8`	-	-	-	-	-	-	12,576	11,245	11,166	12,142	11,425	11,791	15,012	12,550	9,785	-	-	-	-	-
`29/58`	1.7m	1.8m	1.6m	1.7m	1.6m	1.6m	1.8m	1.5m	1.4m	1.3m	1.4m	1.2m	1.3m	1.5m	1.5m	1.4m	1.9m	2.2m	2.2m	2.2m
`3`	199,875	304,387	336,434	172,877	195,601	172,133	182,761	224,980	160,724	197,937	196,031	294,495	359,015	331,876	386,590	303,446	354,475	534,810	675,742	477,666
`30/36`	199,875	304,387	336,434	172,877	195,601	172,133	182,761	224,980	160,724	197,937	196,031	294,495	359,015	331,876	386,590	303,446	354,475	534,810	675,742	477,666
`30/31`	-	-	-	-	-	-	60,830	58,091	59,898	-	93,010	101,841	85,166	83,912	103,609	-	-	-	-	-
`32`	-	-	-	-	-	-	40,950	59,930	75,067	86,659	33,085	54,000	122,178	97,224	136,732	-	-	-	-	-
`33`	-	-	-	-	-	-	80,981	106,959	25,759	18,784	69,936	138,654	151,671	150,740	146,248	-	-	-	-	-
`34`	-	-	-	-	-	-	-	-	-	92,494	-	-	-	-	-	-	-	-	-	-
`40/41`	971,966	880,586	802,474	1.0m	1.2m	1.2m	1.3m	1.0m	1.1m	717,736	561,567	458,322	506,526	922,603	1.0m	786,980	1.5m	1.6m	1.5m	1.5m
`40`	321,790	407,954	353,063	573,769	543,731	651,580	414,542	437,671	508,939	253,291	509,958	399,797	452,553	868,450	910,227	702,460	235,473	378,790	862,808	1.1m
`41`	650,176	472,632	449,411	448,530	680,822	590,634	900,947	608,846	619,967	464,445	51,608	58,524	53,973	54,153	93,879	84,520	1.3m	1.2m	620,688	435,922
`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	114	4,001
`54/58`	557,454	633,728	417,922	496,260	171,095	177,209	269,491	225,250	139,186	412,326	636,272	457,452	441,811	264,391	134,508	261,683	49,980	132,799	72,300	237,341
`490/1`	2,202	-	0	1	1	1	-	-	-	-	-	9,000	-	-	-	594	572	-	-	-
Balance sheet: equity and liabilities
`10/49`	2.0m	2.2m	1.9m	2.1m	2.0m	1.9m	2.0m	1.8m	1.7m	1.7m	1.7m	1.6m	1.8m	2.2m	2.5m	2.5m	3.7m	4.3m	4.4m	4.6m
`10/15`	1.6m	1.6m	-	-	-	-	1.3m	1.5m	1.3m	1.2m	1.0m	779,073	667,462	663,653	573,733	1.4m	1.5m	1.8m	1.7m	1.6m
`10/11`	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m
`10`	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m	1.3m
`101`	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`13`	66,243	66,243	66,243	65,305	58,145	52,664	45,240	28,084	28,085	28,085	28,085	28,085	28,085	28,085	28,085	28,085	28,085	28,085	21,649	13,193
`130/1`	66,243	66,243	66,243	65,305	58,145	52,664	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	66,243	66,243	66,243	65,305	58,145	52,664	45,240	28,084	28,085	28,085	28,085	28,085	28,085	28,085	28,085	28,085	28,085	28,085	21,649	13,193
`14`	236,532	213,414	107,368	89,549	5,349	5,022	2,844	173,692	-57,111	-148,315	-313,705	-556,538	-680,198	-696,055	-798,024	6,169	97,703	418,399	296,123	135,459
`15`	-	-	-	-	-	-	-	-	-	-	-	7,526	19,575	31,624	43,672	55,721	67,770	86,931	90,969	111,478
`16`	-	-	-	-	-	-	-	-	-	-	-	-	212	6,417	12,621	18,825	34,896	44,763	61,842	72,403
`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	15,000
`168`	-	-	-	-	-	-	-	-	-	-	-	-	212	6,417	12,621	18,825	34,896	44,763	46,842	57,403
`17/49`	442,636	571,803	444,457	629,905	618,667	563,869	698,451	296,489	450,503	483,230	694,958	853,568	1.2m	1.5m	1.9m	1.1m	2.2m	2.4m	2.7m	2.9m
`17`	10,041	32,943	56,297	56,900	80,115	-	-	-	-	-	-	1,151	8,052	89,617	265,568	321,082	912,033	1.2m	1.1m	1.3m
`170/4`	10,041	32,943	56,297	56,900	80,115	-	-	-	-	-	-	1,151	8,052	38,303	76,980	113,846	170,607	283,460	397,425	532,911
`172`	-	-	-	-	-	-	-	-	-	-	-	1,151	8,052	23,350	55,125	-	-	-	-	-
`173`	-	-	-	-	-	-	-	-	-	-	-	-	-	14,953	21,855	-	-	-	-	-
`175`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	779,375
`178/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	51,313	188,588	207,236	741,426	949,939	702,500	-
`42/48`	432,595	530,127	388,159	571,567	538,552	563,869	698,451	296,489	449,087	483,230	694,958	852,417	1.1m	1.4m	1.6m	811,888	1.3m	1.2m	1.6m	1.6m
`42`	-	-	0	22,639	22,639	-	-	-	-	-	1,151	6,901	81,565	188,587	205,290	299,010	334,900	330,008	248,324	249,304
`43`	-	0	-	-	-	-	-	-	-	125,000	125,000	125,000	125,000	125,000	125,000	119,000	119,000	119,000	120,665	125,000
`430/8`	-	-	-	-	-	-	-	-	-	125,000	125,000	125,000	125,000	125,000	125,000	119,000	119,000	119,000	120,665	125,000
`439`	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	332,805	463,078	208,752	418,950	350,045	331,676	283,115	256,594	346,438	310,931	527,040	372,279	455,139	488,953	431,277	352,683	349,263	700,330	727,494	765,025
`440/4`	332,805	463,078	208,752	418,950	350,045	331,676	283,115	256,594	346,438	310,931	527,040	372,279	455,139	488,953	431,277	352,683	349,263	700,330	727,494	765,025
`45`	96,883	29,023	141,381	91,952	47,432	94,082	90,158	37,812	100,567	45,217	39,685	36,155	37,217	42,753	37,353	30,461	37,820	47,531	63,209	58,161
`450/3`	30,479	3,618	75,225	53,674	-	57,030	38,900	-	45,733	-	-	107	-	-	151	104	-	-	-	-
`454/9`	66,404	25,405	66,156	38,278	47,432	37,052	51,258	37,812	54,834	45,217	39,685	36,048	37,217	42,753	37,202	30,357	37,820	47,531	63,209	58,161
`47/48`	2,907	38,026	38,026	38,026	118,436	138,111	325,178	2,083	2,082	2,082	2,082	312,082	443,123	555,726	827,434	10,734	417,684	10,907	412,565	412,565
`492/3`	-	8,733	0	1,438	-	-	-	-	1,416	-	-	-	-	-	-	105	1,020	-	540	1,192
Income statement
`70/76A`	-	-	-	-	-	-	3.1m	3.1m	2.6m	3.1m	4.0m	3.4m	4.0m	4.5m	3.5m	-	-	-	-	-
`70`	4.6m	4.6m	4.4m	4.9m	4.1m	3.5m	3.1m	3.0m	2.6m	3.0m	4.1m	3.4m	4.0m	4.5m	3.4m	3.3m	2.4m	4.3m	5.3m	5.3m
`71`	-	-	-	-	-	-	-25,979	81,200	-66,735	22,557	-89,633	-81,195	25,885	-35,016	102,786	-	-	-	-	-
`76A`	21,217	-	-	-	-	-	-	-	2	2,135	-	-	-	-	-	-	41,140	1,658	6,144	16,187
`9900`	798,534	775,033	768,241	805,187	859,230	750,135	-	-	-	-	-	-	-	-	-	946,812	604,221	1.2m	1.4m	1.4m
`60/66A`	-	-	-	-	-	-	2.9m	2.9m	2.4m	2.9m	3.7m	3.3m	4.0m	4.3m	3.3m	-	-	-	-	-
`60/61`	-	3.9m	3.8m	4.1m	3.3m	2.7m	-	-	-	-	-	-	-	-	-	2.3m	1.7m	3.2m	4.2m	3.9m
`60`	-	-	-	-	-	-	1.4m	1.6m	1.1m	1.5m	2.1m	1.7m	2.4m	2.3m	1.6m	-	-	-	-	-
`600/8`	-	-	-	-	-	-	1.4m	1.5m	1.1m	1.5m	2.1m	1.7m	2.4m	2.3m	1.6m	-	-	-	-	-
`609`	-	-	-	-	-	-	16,240	16,944	29,522	20,651	8,831	-16,675	-1,254	19,697	19,643	-	-	-	-	-
`61`	-	-	-	-	-	-	827,611	787,750	766,105	792,766	1.0m	933,614	980,363	1.1m	927,031	-	-	-	-	-
`62`	632,425	585,409	668,980	572,750	614,174	456,919	574,421	474,726	485,014	527,097	482,048	456,360	478,195	552,916	478,459	409,489	539,322	618,135	751,464	673,265
`630`	55,687	50,069	47,228	42,008	44,839	38,680	37,473	35,370	41,837	37,244	93,279	95,568	143,704	157,916	241,070	266,471	297,171	326,057	331,185	354,604
`640/8`	48,010	38,945	43,077	42,230	38,065	45,460	39,846	43,568	45,643	45,182	58,075	43,404	41,762	200,621	41,998	42,885	47,091	39,730	43,149	40,610
`66A`	-	-	-	-	-	-	-	-	50	-	-	618	1,499	-	1.0m	299,940	24,533	223	3,022	2,733
`9901`	62,412	100,610	8,956	148,199	162,152	209,076	246,764	195,204	133,717	168,089	249,375	132,347	27,200	136,197	228,090	227,968	-279,363	175,560	245,705	324,647
`75/76B`	33,321	23,354	27,225	10,003	7,212	7,273	5,055	9,482	20,248	8,072	9,623	13,774	16,368	12,265	39,097	31,328	27,915	46,947	22,932	19,935
`75`	20,449	20,770	27,225	4,812	7,212	7,273	5,055	9,482	20,246	5,937	9,623	13,774	16,368	12,265	39,097	31,328	27,915	46,947	22,932	19,935
`750`	-	-	-	-	-	-	-	-	10,553	5,937	-	-	-	-	-	-	-	-	-	-
`751`	-	-	-	-	-	-	5,055	8,925	-	-	-	-	-	-	-	-	-	-	-	-
`752/9`	-	-	-	-	-	-	-	557	9,693	-	9,623	13,774	16,368	12,265	39,097	-	-	-	-	-
`76B`	12,872	2,584	-	5,191	-	-	-	-	2	2,135	-	-	-	-	-	-	-	-	-	-
`65/66B`	11,493	16,818	9,994	10,304	8,970	6,913	6,800	8,137	17,037	10,770	16,166	22,054	32,417	52,706	42,295	66,946	95,722	105,791	113,199	103,709
`65`	9,908	10,169	9,994	8,367	8,970	6,913	6,800	8,137	16,987	10,770	16,166	22,054	32,417	52,706	42,295	66,946	95,722	105,791	113,199	103,709
`650`	-	-	-	-	-	-	-	-	2,603	10,770	7,613	14,882	24,738	40,202	32,479	-	-	-	-	-
`652/9`	-	-	-	-	-	-	6,800	8,137	14,384	-	8,553	7,172	7,679	12,504	9,816	-	-	-	-	-
`66B`	1,585	6,649	-	1,937	-	-	-	-	50	-	-	-	-	-	-	-	-	-	-	-
`9903`	84,240	107,146	26,187	147,898	160,394	209,436	245,019	196,549	136,928	165,391	242,832	123,448	9,653	95,756	-810,388	-107,591	-330,563	118,151	158,560	254,327
`67/77`	61,122	1,100	7,430	45,947	50,762	63,805	75,616	-34,254	45,724	-	-	-	-	-8	8	14	-	-	-	-1
`670/3`	-	-	-	-	-	-	75,616	1,500	45,732	-	-	-	-	-	8	-	-	-	-	-
`77`	-	-	-	-	-	-	-	35,754	8	-	-	-	-	8	-	-	-	-	-	-
`9904`	23,118	106,046	18,757	101,951	109,632	145,631	169,403	230,803	91,204	165,391	242,832	123,660	15,857	101,968	-804,193	-91,534	-320,696	128,712	169,120	263,864
`9905`	23,118	106,046	18,757	101,951	109,632	145,631	169,403	230,803	91,204	165,391	242,832	123,660	15,857	101,968	-804,193	-91,534	-320,696	128,712	169,120	263,864
Appropriation of the result
`9906`	236,532	213,414	108,306	107,300	114,654	148,475	343,095	173,692	-57,111	-148,315	-313,705	-556,538	-680,198	-696,055	-798,024	6,169	97,703	424,835	304,579	148,652
`14P`	213,414	107,368	89,549	5,349	5,022	2,844	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	938	7,160	5,481	7,424	17,155	-	-	-	-	-	-	-	-	-	-	6,436	8,456	13,193
`6920`	-	-	938	7,160	5,481	7,424	17,155	-	-	-	-	-	-	-	-	-	-	6,436	8,456	13,193
`694/7`	-	-	-	10,591	103,824	136,029	323,096	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	-	-	-	-	91,000	123,500	312,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`696`	-	-	-	10,591	12,824	12,529	11,096	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	15.7	14.8	-	17.9	18.9	15.6	15	15	15.5	17.5	16.7	15	15	17	17.3	14.3	16.3	21.6	26	23.5
Men (FTE)`1003`	-	-	-	-	-	-	11.3	11.5	11.5	12.5	11.7	10	10	12	-	-	-	-	-	-
Women (FTE)`1003`	-	-	-	-	-	-	3.7	3.5	4	5	5	5	5	5	-	-	-	-	-	-
Agency workers`1501`	-	-	-	-	-	-	-	-	-	-	0.1	0.1	0.3	0.6	-	-	-	-	-	-
Hours worked`1013`	20,526	20,094	-	-	-	-	21,354	21,296	22,771	25,410	24,190	21,541	23,384	27,031	25,329	21,936	25,096	32,822	41,057	38,510
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 9 older financial years (1996-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 01-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 32 days after the deadline. Filed on 1 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00498276.

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	01-09-2026	2026-00498276	PDF
31-12-2024	full format	10-09-2025	2025-00491491	PDF
31-12-2023	full format	03-09-2024	2024-00447963	PDF
31-12-2022	full format	24-10-2023	2023-00495210	PDF
31-12-2021	full format	21-03-2023	2023-00044669	PDF
31-12-2020	full format	02-07-2021	2021-29700566	PDF
31-12-2019	full format	30-06-2020	2020-25300189	PDF
31-12-2018	full format	05-09-2019	2019-63400419	PDF
31-12-2017	full format	31-08-2018	2018-57000283	PDF
31-12-2016	full format	16-08-2017	2017-45200043	PDF
31-12-2015	full format	29-06-2016	2016-26900466	PDF
31-12-2014	full format	28-08-2015	2015-55000410	PDF
31-12-2013	full format	25-08-2014	2014-46600392	PDF
31-12-2012	full format	01-08-2013	2013-39600462	PDF
31-12-2011	full format	31-07-2012	2012-37900078	PDF
31-12-2010	full format	28-06-2011	2011-22100350	PDF
31-12-2009	full format	20-07-2010	2010-32500551	PDF
31-12-2008	full format	29-06-2009	2009-31600380	PDF
31-12-2007	full format	30-06-2008	2008-32500334	PDF
31-12-2006	full format	22-06-2007	2007-27100055	PDF
31-12-2005	full format	10-07-2006	2006-42800145	PDF
31-03-2005	full format	27-09-2005	2005-71803234	PDF
31-03-2004	full format	11-10-2004	2004-72702020	PDF
31-12-2002	full format	11-06-2003	2003-22003208	PDF
31-12-2001	full format	26-07-2002	2002-42702683	PDF
31-12-2000	full format	30-07-2001	2001-45302572	PDF
31-12-1999	full format	26-06-2000	2000-28501009	PDF
31-12-1998	full format	07-06-1999	1999-15200780	PDF
31-12-1997	full format	31-07-1998	1998-38203930	PDF
31-12-1996	full format	20-08-1997	1997-38602825	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
118,099	150,679	56,184	190,207	206,991	247,756	284,237	230,574	175,554	205,333	342,655	227,915	170,904	294,113	469,160	494,439	17,808	501,617	576,890	679,251
78,805	156,115	65,985	143,959	154,471	184,311	206,876	266,173	133,041	202,635	336,112	219,229	159,561	259,884	-563,123	174,937	-23,525	454,769	500,305	618,468
36,842	40,058	361,237	46,660	105,752	89,885	13,471	44,028	-503	56,707	10,014	1,743	10,015	943	10,346	996	16,482	187,413	230,766	659,312
-76,274	215,806	-78,338	325,165	-6,114	-92,282	44,241	86,064	-273,140	-223,946	178,820	15,640	177,420	129,883	-127,175	211,703	-82,819	60,499	-165,041	-
1.3m	1.3m	1.2m	1.1m	1.1m	1.0m	1.1m	1.2m	979,729	844,769	698,911	366,851	165,307	117,852	-101,150	540,816	688,526	1.0m	659,394	627,413
1.4%	2.2%	0.2%	3.0%	4.0%	5.9%	7.9%	6.6%	5.1%	5.5%	6.1%	3.8%	0.7%	3.0%	6.8%	7.0%	-11.8%	4.1%	4.6%	6.2%
78.4%	73.4%	-	-	-	-	65.9%	83.5%	73.8%	70.9%	59.3%	47.7%	36.7%	30.7%	23.2%	54.7%	40.4%	42.4%	38.5%	34.2%
4.00	3.43	4.01	2.96	2.95	2.82	2.53	5.05	3.18	2.75	2.01	1.43	1.14	1.08	0.94	1.67	1.55	1.86	1.42	1.39
3.54	2.86	3.14	2.66	2.59	2.52	2.27	4.29	2.82	2.34	1.72	1.08	0.83	0.85	0.70	1.29	1.27	1.42	0.99	1.09
0.28	0.36	-	-	-	-	0.52	0.20	0.35	0.41	0.69	1.10	1.72	2.25	3.30	0.82	1.45	1.33	1.56	1.87
1.4%	6.7%	-	-	-	-	12.6%	15.4%	7.2%	14.0%	23.9%	15.9%	2.4%	15.4%	-140.2%	-6.6%	-21.5%	7.0%	9.9%	16.9%
1.1%	4.9%	1.0%	4.9%	5.5%	7.6%	8.3%	12.8%	5.3%	9.9%	14.2%	7.6%	0.9%	4.7%	-32.4%	-3.6%	-8.7%	3.0%	3.8%	5.8%
11.92	14.82	5.62	22.73	23.08	35.84	-	-	67.44	19.07	45.01	15.31	6.91	7.32	14.45	-	-	-	-	-
25 days	32 days	29 days	43 days	49 days	67 days	48 days	54 days	71 days	30 days	46 days	42 days	41 days	71 days	99 days	78 days	36 days	32 days	59 days	75 days
-	44 days	20 days	37 days	39 days	44 days	47 days	40 days	68 days	49 days	62 days	51 days	49 days	52 days	62 days	56 days	77 days	81 days	64 days	72 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2012

Autres ventes €75,076100.0%

Revenue in the income statement €4,490,480

Source: 2012 accounts, page 19, filing 2013-39600462

By geographic market 2012

France €4,153,77992.5%
Begique €164,6423.7%
Allemagne €130,0532.9%
Pays-Bas €40,5950.9%
Angleterre €1,4110.0%

Total €4,490,480

Source: 2012 accounts, page 19, filing 2013-39600462

All years (2010 to 2012)

By activity

By activity	2010	2011	2012
Autres ventes	€28,077	€47,900	€75,076

By geographic market

By geographic market	2010	2011	2012
France	€2,845,874	€2,928,406	€4,153,779
Begique	€213,957	€220,162	€164,642
Allemagne	€106,700	€109,794	€130,053
Pays-Bas	€106,700	€109,794	€40,595
Angleterre	-	-	€1,411
Total	€3,273,232	€3,368,157	€4,490,480

Social balance sheet

Item	31-12-2025	31-12-2024
Employees at the balance-sheet date	18	17
full-time	15	14
part-time	3	3
in full-time equivalents	16.4	15.4
	15.7	14.8
On a permanent contract	18	16
Joined	3	2
Left	2	2

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€36,842	€39,756	€345,910	€46,660	€100,897
Financial fixed assets	-	€302	€15,327	-	€4,855
	€55,687	€50,069	€47,228	€42,008	€44,839

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on RULO

The operating result for 2025 is 38% lower than in 2024.

Debt's share of the balance-sheet total falls from 26.6% to 21.6%. Equity is higher and debt is lower.

Board & ownership

Mandates through the years

4 names

AGENCE INDEPENFANTE DE PRESTATIONS SPRL
Director

Philippe Fleurier
Director

Aurea
Director

Joël Picard
Managing director and chair of the board

Earliermandate already running before its first mentionend not dated

Mandates as a list

AGENCE INDEPENFANTE DE PRESTATIONS SPRL
- Director, appointed by deed of 06-11-2020, last mentioned in 2020
Philippe Fleurier
- Director, from before 07-12-2018 to 21-08-2019
Aurea
- Director, from before 07-12-2018, last mentioned in 2018
Joël Picard
- Managing director and chair of the board, from before 07-12-2018, last mentioned in 2018

See the board, name and registered office on a given date →

Control

Shareholder in 2012

NORTHBROOK BELGIUM

10%

This company

RULO

Equity €1.6m

Profit €23,118 in 2025

Capital

Capital: €1,300,000
Source: 2025 annual accounts

Owners through the years

as the annual accounts name them

10% until 2011

Owners as a list

NORTHBROOK BELGIUM
- 2006 to 2012: 10%
Belgocodex
- 2006 to 2008: 13%
- 2009 to 2011: 10%

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Network & group

Holdings

own 2009 accounts

This companyRULO1 holding, 1 country 2009 accounts

Europe 1 Equity Result

FR RULO FRANCE SARL75% -€174,627 result -€312,920

Source: list of holdings in its own 2009 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2008, in their own currency.

Holdings through the years

2006 to 2009

Holdings through the years
Name	2006	2007	2008	2009
RULO FRANCE SARLFR 2008 to 2009: 75%			75%
R.M.P. SASFR 2006 to 2007: 75%	75%

Source: list of holdings in its own accounts

Connections & network

See the function holders in the KBO register.

Timeline

37 events since 1995

Board

Filings

Financial

Establishments

1995200020052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

01-09-2026

Annual accounts 2025 filed NBBfull format · 32 days late

2025

10-09-2025

Annual accounts 2024 filed PDFfull format · 41 days late

2024

03-09-2024

Annual accounts 2023 filed PDFfull format · 34 days late

2023

24-10-2023

Annual accounts 2022 filed PDFfull format · 85 days late

21-03-2023

Annual accounts 2021 filed PDFfull format · 233 days late

2021

02-07-2021

Annual accounts 2020 filed PDFfull format · 29 days before the deadline

2020

06-11-2020

Appointment: AGENCE INDEPENFANTE DE PRESTATIONS SPRL (director)Permanent representative: Jullen Baillon2 points ▸

Director appointment, AGENCE INDEPENFANTE DE PRESTATIONS SPRL
Permanent representative, Jullen Baillon
The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

30-06-2020

Annual accounts 2019 filed PDFfull format · 31 days before the deadline

2019

29-10-2019

Resignation: Philippe Fleurier (director)General meeting of 26-08-20192 points ▸

General meeting, 26-08-2019
Director resignation, Philippe Fleurier

Open the deed in the Belgian Official Gazette

05-09-2019

Annual accounts 2018 filed PDFfull format · 36 days late

2018

07-12-2018

3 directors reappointedJoël Picard (managing director and chair of the board), Philippe Fleurier and Aurea · General meeting of 31-12-20164 points ▸

General meeting, 31-12-2016
Director reappointment, Joël Picard (managing director and chair of the board)
Director reappointment, Philippe Fleurier
Director reappointment, Aurea

Open the deed in the Belgian Official Gazette

31-08-2018

Annual accounts 2017 filed PDFfull format · 31 days late

2017

16-08-2017

Annual accounts 2016 filed PDFfull format · 16 days late

2016

29-06-2016

Annual accounts 2015 filed PDFfull format · 32 days before the deadline

2015

28-08-2015

Annual accounts 2014 filed PDFfull format · 28 days late

2014

25-08-2014

Annual accounts 2013 filed PDFfull format · 25 days late

2013

01-08-2013

Annual accounts 2012 filed PDFfull format · 1 day late

2012

31-12-2012

Back to profit net €101,968 The net result is €101,968, after 3 loss-making years.

31-07-2012

Annual accounts 2011 filed PDFfull format · on the deadline day

2011

31-12-2011

Weakest financial year net -€804,193 The net result drops to -€804,193, the lowest from 2006 to 2025. It recovers the following year.

28-06-2011

Annual accounts 2010 filed PDFfull format · 33 days before the deadline

2010

20-07-2010

Annual accounts 2009 filed PDFfull format · 11 days before the deadline

2009

29-06-2009

Annual accounts 2008 filed PDFfull format · 32 days before the deadline

2008

30-06-2008

Annual accounts 2007 filed PDFfull format · 31 days before the deadline

2007

22-06-2007

Annual accounts 2006 filed PDFfull format · 39 days before the deadline

2006

10-07-2006

Annual accounts 2005 filed PDFfull format

2005

27-09-2005

Annual accounts 2005 filed PDFfull format

2004

11-10-2004

Annual accounts 2004 filed PDFfull format

2003

11-06-2003

Annual accounts 2002 filed PDFfull format

2002

26-07-2002

Annual accounts 2001 filed PDFfull format

2001

30-07-2001

Annual accounts 2000 filed PDFfull format

2000

26-06-2000

Annual accounts 1999 filed PDFfull format

1999

07-06-1999

Annual accounts 1998 filed PDFfull format

1998

31-07-1998

Annual accounts 1997 filed PDFfull format

1997

20-08-1997

Annual accounts 1996 filed PDFfull format

1996

18-03-1996

First establishment Chaussée d'Audenarde 82, Pecq

1995

03-02-1995

Incorporation published on 24-02-1995

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 3 February 1995, RULO was incorporated.¹ Turnover went from €3.0m in 2018 to €4.6m in 2025 and headcount from 15 to 15.7 full-time equivalents.²

Company details

Identity

Enterprise number: 0454.294.253
VAT number: BE 0454.294.253
Peppol ID: 0208:0454294253
Other Peppol ID: 9925:BE0454294253
Legal form: Public limited company
Status: Active, normal situation
Founded: 03-02-1995
Financial year: ends on 31 December
Peppol: Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name: RULO in French
Entity type: Legal entity

Activities

NACEBEL 2025

VAT activities

22260 Manufacture of rubber and plastic products main activity

Social security (RSZ) activities

38210 Materials recovery from waste main activity

Codes under NACEBEL 2008

VAT activities

22290 Manufacture of rubber and plastic products main activity

Social security (RSZ) activities

38323 Waste collection, recovery and disposal activities main activity

Codes under NACEBEL 2003

VAT activities

25240 main activity

Social security (RSZ) activities

37200 main activity

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Chaussée d'Audenarde 82 registered office 7742 Pecq 38210 Materials recovery from waste	18-03-1996	2.070.309.503

Buildings and parcels at the address

Ground area: 4,441 m²

registered office establishment The establishment unit on the map

Parcels

Cadastral parcel	Area	Buildings	Height / floors
57037D0497/00V000	4,441 m²	-	-

Overview

Lifetime

Key points

Equity

Result

Staff

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on RULO

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency78.4%

Current ratio4.00

Return on assets1.1%

Staff

Men and women

Staff cost per FTE€40,282

Joined and left+1 person

Filed annual accounts

Filings

Key figures and ratios

Revenue breakdown

By activity 2012

By geographic market 2012

By activity

By geographic market

Social balance sheet

Investments

Insights on RULO

Board & ownership

Mandates through the years

Control

Capital

Owners through the years

Network & group

Holdings

Europe 1 Equity Result

Holdings through the years

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

in €m

in euro

78.4%

4.00

1.1%

€40,282

+1 person