RULS
ActiveSummary
RULS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €315k and a net result of €9k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▲+26
Solvency100=
Growth42=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 10.98 against 8.97 in 2023; short-term debt: 9% and cash: 5.7% of total assets), and 9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
5 d early
2022
24 d late
2021
30 d late
2020
23 d early
2019
11 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€215k▼ 0.8%
2023 · €217k
2018: €266k
2019: €276k▲ +3.7% vs 2018highest in 7 years
2020: €229k▼ -17.1% vs 2019
2021: €232k▲ +1.7% vs 2020
2022: €242k▲ +3.9% vs 2021
2023: €217k▼ -10.2% vs 2022
2024: €215k▼ -0.8% vs 2023lowest in 7 years
2018 → 2024
EBIT margin
5.3%▲ 6.1pp
2023 · -0.7%
2018: 5.7%
2019: 17.9%▲ +217% vs 2018highest in 7 years
2020: 14.9%▼ -17.1% vs 2019
2021: 13.7%▼ -7.6% vs 2020
2022: 10.8%▼ -21.6% vs 2021
2023: -0.7%▼ -107% vs 2022lowest in 7 years
2024: 5.3%▲ +837% vs 2023
2018 → 2024
Net result
€9k▲ 56,158%
2023 · €17
2018: €11k
2019: €30k▲ +173% vs 2018highest in 7 years
2020: €23k▼ -23.4% vs 2019
2021: €23k▲ +0.2% vs 2020
2022: €18k▼ -21.0% vs 2021
2023: €17▼ -99.9% vs 2022lowest in 7 years
2024: €9k▲ +56158% vs 2023
2018 → 2024
Working capital
€313k▲ 4.1%
2023 · €300k
2018: €213klowest in 7 years
2019: €241k▲ +13.4% vs 2018
2020: €264k▲ +9.4% vs 2019
2021: €284k▲ +7.7% vs 2020
2022: €297k▲ +4.5% vs 2021
2023: €300k▲ +1.1% vs 2022
2024: €313k▲ +4.1% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€229k-€232k▲ 1.7%€242k▲ 3.9%€217k▼ 10.2%€215k▼ 0.8%
2020: €229k
2021: €232k▲ +1.7% vs 2020
2022: €242k▲ +3.9% vs 2021highest in 5 years
2023: €217k▼ -10.2% vs 2022
2024: €215k▼ -0.8% vs 2023lowest in 5 years
Equity€265k-€288k▲ 8.7%€306k▲ 6.3%€306k=€315k▲ 3.0%
2020: €265klowest in 5 years
2021: €288k▲ +8.7% vs 2020
2022: €306k▲ +6.3% vs 2021
2023: €306k● +0.0% vs 2022
2024: €315k▲ +3.0% vs 2023highest in 5 years
Operating result€34k-€32k▼ 6.0%€26k▼ 18.5%€-2k€11k
2020: €34khighest in 5 years
2021: €32k▼ -6.0% vs 2020
2022: €26k▼ -18.5% vs 2021
2023: €-2k▼ -106% vs 2022lowest in 5 years
2024: €11k▲ +831% vs 2023
Net result€23k-€23k▲ 0.2%€18k▼ 21.0%€17▼ 99.9%€9k▲ 56,158%
2020: €23k
2021: €23k▲ +0.2% vs 2020highest in 5 years
2022: €18k▼ -21.0% vs 2021
2023: €17▼ -99.9% vs 2022lowest in 5 years
2024: €9k▲ +56158% vs 2023
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11k after a loss of €2k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €347k
Fixed assets
€3k ▼ 52.4%
Current assets
€344k ▲ 1.8%
Equity and liabilities €347k
Equity
€315k ▲ 3.0%
Debt
€31k ▼ 16.8%
Debt's share of the balance-sheet total falls from 11.0% to 9.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2023 · €2k
Cash flow
€12k▲
2023 · €3k
Current ratio
10.98▲
2023 · 8.97
Quick ratio
9.87▲
2023 · 8.16
Debt to equity
0.10▼
2023 · 0.12
ROE
3.0%▲
2023 · 0.0%
ROA
2.7%▲
2023 · 0.0%
Interest coverage
33.46▲
2023 · 3.27
Debt ≤ 1 year
€31k▼
2023 · €38k
Income taxes
€10k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€344k€347k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Furniture and vehicles24€6k€3k▼
Current assets29/58€338k€344k▲
Stocks and contracts in progress3€30k€35k▲
Stocks30/36€30k€35k▲
Amounts receivable within one year40/41€190k€197k▲
Trade receivables40€70k€69k▼
Other amounts receivable41€120k€128k▲
Current investments50/53€90k€90k=
Cash at bank and in hand54/58€26k€20k▼
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€344k€347k▲
Equity10/15€306k€315k▲
Contributions10/11€6k€6k=
Reserves13€91k€91k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€89k€89k=
Profit (loss) carried forward14€209k€218k▲
Amounts payable17/49€38k€31k▼
Amounts payable within one year42/48€38k€31k▼
Trade debts44€15k€16k▲
Suppliers440/4€15k€16k▲
Taxes, remuneration and social security45€23k€15k▼
Taxes450/3€23k€15k▼
Income statement
Code20232024
Turnover70€217k€215k▼
Non-recurring operating income76A€18€5▼
Goods, raw materials, services and sundry goods60/61€213k€199k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€67€37▼
Gross operating margin9900€4k€17k▲
Operating profit (loss)9901€-2k€11k▲
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Financial charges65/66B€512€434▼
Recurring financial charges65€512€434▼
Profit (loss) for the period before taxes9903€4k€19k▲
Income taxes67/77€4k€10k▲
Profit (loss) for the period9904€17€9k▲
Profit (loss) for the period to be appropriated9905€17€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€209k€218k▲
Profit (loss) brought forward from the previous period14P€209k€209k=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €229k | €232k | €242k | €217k | €215k | ▼ 0.8% |
| Non-recurring operating income76A | - | €1 | €5 | €18 | €5 | ▼ 73.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €197k | €213k | €213k | €199k | ▼ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €344 | €863 | €2k | €3k | €3k | ▼ 6.4% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €3k | ▲ 34.9% |
| Non-recurring operating charges66A | - | €172 | €113 | €67 | €37 | ▼ 45.0% |
| Gross operating margin9900 | €43k | €35k | €29k | €4k | €17k | ▲ 365% |
| Operating profit (loss)9901 | €34k | €32k | €26k | €-2k | €11k | ▲ 831% |
| Financial income75/76B | - | €6k | €8k | €6k | €8k | ▲ 23.8% |
| Recurring financial income75 | €9k | €6k | €8k | €6k | €8k | ▲ 23.8% |
| Financial charges65/66B | - | €339 | €705 | €512 | €434 | ▼ 15.2% |
| Recurring financial charges65 | €270 | €339 | €705 | €512 | €434 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €43k | €38k | €33k | €4k | €19k | ▲ 347% |
| Income taxes67/77 | €20k | €15k | €15k | €4k | €10k | ▲ 127% |
| Profit (loss) for the period9904 | €23k | €23k | €18k | €17 | €9k | ▲ 56,158% |
| Profit (loss) for the period to be appropriated9905 | €23k | €23k | €18k | €17 | €9k | ▲ 56,158% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €313k | €333k | €345k | €344k | €347k | ▲ 0.9% |
| Fixed assets21/28 | €1k | €4k | €9k | €6k | €3k | ▼ 52.4% |
| Tangible fixed assets22/27 | €1k | €4k | €9k | €6k | €3k | ▼ 52.4% |
| Furniture and vehicles24 | - | €4k | €9k | €6k | €3k | ▼ 52.4% |
| Current assets29/58 | €312k | €329k | €336k | €338k | €344k | ▲ 1.8% |
| Stocks and contracts in progress3 | €28k | €30k | €32k | €30k | €35k | ▲ 14.9% |
| Stocks30/36 | - | €30k | €32k | €30k | €35k | ▲ 14.9% |
| Amounts receivable within one year40/41 | €172k | €191k | €195k | €190k | €197k | ▲ 3.9% |
| Trade receivables40 | - | €86k | €82k | €70k | €69k | ▼ 1.2% |
| Other amounts receivable41 | - | €105k | €113k | €120k | €128k | ▲ 6.9% |
| Current investments50/53 | €38k | €90k | €90k | €90k | €90k | = |
| Cash at bank and in hand54/58 | €72k | €17k | €18k | €26k | €20k | ▼ 23.2% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €3k | €3k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €313k | €333k | €345k | €344k | €347k | ▲ 0.9% |
| Equity10/15 | €265k | €288k | €306k | €306k | €315k | ▲ 3.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €51k | €73k | €91k | €91k | €91k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €71k | €89k | €89k | €89k | = |
| Profit (loss) carried forward14 | €208k | €209k | €209k | €209k | €218k | ▲ 4.5% |
| Amounts payable17/49 | €48k | €45k | €39k | €38k | €31k | ▼ 16.8% |
| Amounts payable within one year42/48 | €48k | €45k | €39k | €38k | €31k | ▼ 16.8% |
| Trade debts44 | €14k | €11k | €8k | €15k | €16k | ▲ 11.0% |
| Suppliers440/4 | - | €11k | €8k | €15k | €16k | ▲ 11.0% |
| Taxes, remuneration and social security45 | - | €34k | €31k | €23k | €15k | ▼ 34.7% |
| Taxes450/3 | - | €34k | €31k | €23k | €15k | ▼ 34.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €23k | €18k | €17 | €9k | ▲ 56,158% |
| + Depreciation and write-downs630 | €344 | €863 | €2k | €3k | €3k | ▼ 6.4% |
| Operating cash flow (approximation) | €23k | €24k | €20k | €3k | €12k | ▲ 279% |
| Investment in fixed assets (approximation) | - | €-3k | €-7k | €0 | €0 | - |
| Change in cash | - | €-55k | €385 | €8k | €-6k | ▼ 174% |
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
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €17 ▼99.9%
Net result drops to €17, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
31-12
Financial
Highest result since 2018net €30k ▲173%
Operating result €49k, net result €30k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
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, Liège · 2 establishment units since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bld de Douai 164020 LiègeGround area
6.3 ha
Building footprint
3.8 ha
Volume, LiDAR
406,058 m³
Parcel 62806C0923/00B002, Wallonia · tallest building 22.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Ruls
since 20042.135.772.130
Ruls
since 20192.294.931.116
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0923/00B002 | Wallonia | 6.3 ha | 1 · 3.8 ha | 22.7 m · 3 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 687 companies in sector 46412 we hold annual accounts for 517. 400 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
Founded09-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
46494Wholesale of non-electrical household articles
47714Retail trade
Scores and ratios are computed by Checked and are not a credit decision.