RUMCO
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 29 filings
Equity
€9.4m▲ 11.4%
2024 · €8.4m
Total assets
€10.4m▲ 10.6%
2024 · €9.4m
Net result
-€427,559▼ 2,335%
2024 · -€17,560
Working capital
€8.3m▼ 9.9%
2024 · €9.2m
In the rankings
#2 company by equity in Pelt, Wholesale and retail trade sector#8 company by total assets in Pelt, Wholesale and retail trade sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€423,006
▼ 1,792%
2025
20192025
Net result
-€427,559
▼ 2,335%
2025
lowest quarter of the sector
20192025
Equity
€9.4m
▲ 11.4%
2025
highest quarter of the sector
20192025
Total assets
€10.4m
▲ 10.6%
2025
highest quarter of the sector
20192025
Debt
€223,377
▲ 23.2%
2025
20192025
Working capital
€8.3m
▼ 9.9%
2025
highest quarter of the sector
20192025
Solvency
90.2%
▲ 0.6pp
2025
highest quarter of the sector
20192025
Current ratio
no figure
2025
20192025
Return on assets (ROA)
-4.1%
▼ 3.9pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.4m-€0.5m▲ 34.9%€0.8m▲ 63.2%€7.6m▲ 839%-€0.09m-€0.02m▲ 75.7%-€0.4m▼ 1,792%
Net result€0.2m-€0.3mabove the sector's middle half▲ 28.8%€0.6mabove the sector's middle half▲ 84.8%€5.8mabove the sector's middle half▲ 882%-€0.3mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 93.4%-€0.4mbelow the sector's middle half▼ 2,335%
Equity€2.0m-€2.3mabove the sector's middle half▲ 16.4%€2.9mabove the sector's middle half▲ 26.0%€8.7mabove the sector's middle half▲ 202%€8.4mabove the sector's middle half▼ 3.0%€8.4mabove the sector's middle half▼ 0.2%€9.4mabove the sector's middle half▲ 11.4%
Total assets€3.2m-€3.5mabove the sector's middle half▲ 8.0%€3.9mabove the sector's middle half▲ 10.4%€10.4mabove the sector's middle half▲ 170%€10.4mabove the sector's middle half▼ 0.3%€9.4mabove the sector's middle half▼ 9.9%€10.4mabove the sector's middle half▲ 10.6%
Debt€1.2m-€1.1m▼ 2.5%€1.0m▼ 15.6%€0.9m▼ 2.5%€1.2m▲ 24.5%€0.2m▼ 84.5%€0.2m▲ 23.2%
Working capital€0.8m-€1.1mabove the sector's middle half▲ 35.1%€1.5mabove the sector's middle half▲ 32.8%€8.5mabove the sector's middle half▲ 476%€8.3mabove the sector's middle half▼ 2.8%€9.2mabove the sector's middle half▲ 11.2%€8.3mabove the sector's middle half▼ 9.9%
Solvency60.4%-65.1%above the sector's middle half▲ 4.7pp74.3%above the sector's middle half▲ 9.2pp83.2%above the sector's middle half▲ 8.9pp80.9%above the sector's middle half▼ 2.3pp89.7%above the sector's middle half▲ 8.8pp90.2%above the sector's middle half▲ 0.6pp
Current ratio2.09-2.40within the sector's middle half▲ 0.313.15above the sector's middle half▲ 0.7510.04above the sector's middle half▲ 6.898.06above the sector's middle half▼ 1.9852.16above the sector's middle half▲ 44.10
Return on assets (ROA)7.7%-9.2%within the sector's middle half▲ 1.5pp15.3%above the sector's middle half▲ 6.2pp55.7%above the sector's middle half▲ 40.4pp-2.5%below the sector's middle half▼ 58.2pp-0.2%below the sector's middle half▲ 2.4pp-4.1%below the sector's middle half▼ 3.9pp
Staff (FTE)12.4-12.7above the sector's middle half▲ 2.4%12.4above the sector's middle half▼ 2.4%13.4above the sector's middle half▲ 8.1%0below the sector's middle half▼ 100%0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €423,006, larger than the loss of €22,360 in 2024. It is the lowest result since 2019.
Large changes and their cause
- 2025 Net result -2,335% on 2024. Merger absorbing ARBOR, Official Gazette 15-09-2025.
- 2022 Net result +882% on 2021. This financial year ran 21 months, the previous one 12.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.4m
Fixed assets
€2.1m
Current assets
€8.3m
Equity and liabilities €10.4m
Equity
€9.4m ▲ 11.4%
Provisions
€787,369 =
Debt
€223,377 ▲ 23.2%
Debt's share of the balance-sheet total rises from 1.9% to 2.2%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.02▲
2024 · 0.02
ROE
-4.6%▼
2024 · -0.2%
Debt ≤ 1 year
€5,379▼
2024 · €179,562
Debt > 1 year
€217,997
Income taxes
€3,756▲
2024 · €0
A ratio outside any meaningful range has been withheld (balance sheet total €10.4m, equity €9.4m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 |
|---|---|
| Employees at the balance-sheet date | 14 |
| full-time | 12 |
| part-time | 2 |
| in full-time equivalents | 12.4 |
| Average over the year, in full-time equivalents | 13.4 |
| On a permanent contract | 13 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Financial fixed assets | €30,000 | - | €0 | €2.1m |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.6m | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.1m | - | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.03m | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.09m | €0.003m | €0.004m | €0.001m | ▼ 66.1% |
| Non-recurring operating charges66A | - | - | - | €0.04m | €0 | - | €0.4m | - |
| Gross operating margin9900 | €1.0m | €1.1m | €1.4m | €8.4m | -€0.09m | -€0.02m | -€0.02m | ▼ 17.1% |
| Operating profit (loss)9901 | €0.4m | €0.5m | €0.8m | €7.6m | -€0.09m | -€0.02m | -€0.4m | ▼ 1,792% |
| Financial income75/76B | - | - | - | €0.03m | €1 | €0 | - | - |
| Recurring financial income75 | €0.04m | €0.04m | €0.03m | €0.03m | €1 | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.05m | €278 | €0.02m | €0.001m | ▼ 96.7% |
| Recurring financial charges65 | €0.05m | €0.07m | €0.04m | €0.05m | €278 | €0.02m | €0.001m | ▼ 96.7% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.5m | €0.8m | €7.6m | -€0.09m | -€0.05m | -€0.4m | ▼ 815% |
| Transfer from deferred taxes780 | - | - | - | - | - | €0.03m | €0 | ▼ 100% |
| Transfer to deferred taxes680 | - | - | - | €0.8m | €0 | - | - | - |
| Income taxes67/77 | €0.1m | €0.1m | €0.2m | €1.0m | €0.2m | €0 | €0.004m | - |
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.6m | €5.8m | -€0.3m | -€0.02m | -€0.4m | ▼ 2,335% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.09m | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | - | - | - | €2.4m | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.3m | €0.6m | €3.4m | -€0.3m | €0.07m | -€0.4m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.2m | €3.5m | €3.9m | €10.4m | €10.4m | €9.4m | €10.4m | ▲ 10.6% |
| Fixed assets21/28 | €1.7m | €1.6m | €1.7m | €1.0m | €1.0m | €0 | €2.1m | - |
| Tangible fixed assets22/27 | €0.7m | €0.6m | €0.7m | - | - | - | - | - |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €0 | €2.1m | - |
| Current assets29/58 | €1.6m | €1.9m | €2.2m | €9.4m | €9.4m | €9.4m | €8.3m | ▼ 11.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €8.0m | €9.4m | €8.3m | ▼ 11.6% |
| Other amounts receivable291 | - | - | - | - | €8.0m | €9.4m | €8.3m | ▼ 11.6% |
| Stocks and contracts in progress3 | €0.1m | €0.2m | €0.2m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.5m | €9.4m | €1.4m | €0 | - | - |
| Trade receivables40 | - | - | - | €0.008m | €0.002m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €9.4m | €1.4m | €0 | - | - |
| Current investments50/53 | €0.2m | €0.2m | €0.2m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.7m | €1.0m | €1.2m | €0.006m | €0.001m | €0.003m | €0.001m | ▼ 73.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.2m | €3.5m | €3.9m | €10.4m | €10.4m | €9.4m | €10.4m | ▲ 10.6% |
| Equity10/15 | €2.0m | €2.3m | €2.9m | €8.7m | €8.4m | €8.4m | €9.4m | ▲ 11.4% |
| Contributions10/11 | €0.03m | - | - | €0.03m | €0.03m | €0.03m | €0.05m | ▲ 59.9% |
| Reserves13 | €1.9m | €2.2m | €2.8m | €5.3m | €5.3m | €5.2m | €5.8m | ▲ 11.1% |
| Non-distributable reserves130/1 | - | - | - | - | - | - | €0.002m | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €0.002m | - |
| Tax-exempt reserves132 | - | - | - | €2.5m | €2.5m | €2.4m | €2.4m | = |
| Distributable reserves133 | - | - | - | €2.8m | €2.8m | €2.8m | €3.4m | ▲ 20.7% |
| Profit (loss) carried forward14 | - | - | - | €3.4m | €3.1m | €3.2m | €3.5m | ▲ 11.3% |
| Provisions and deferred taxes16 | €0.1m | €0.08m | €0.03m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Deferred taxes168 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Amounts payable17/49 | €1.2m | €1.1m | €1.0m | €0.9m | €1.2m | €0.2m | €0.2m | ▲ 23.2% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.3m | - | - | - | €0.2m | - |
| Financial debts170/4 | - | - | - | - | - | - | €0.2m | - |
| Amounts payable within one year42/48 | €0.8m | €0.8m | €0.7m | €0.9m | €1.2m | €0.2m | €0.005m | ▼ 97.0% |
| Trade debts44 | €0.4m | €0.5m | €0.4m | - | €0.1m | €0.004m | €0.005m | ▲ 43.0% |
| Suppliers440/4 | - | - | - | - | €0.1m | €0.004m | €0.005m | ▲ 43.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.8m | €1.0m | €0.2m | €143 | ▼ 99.9% |
| Taxes450/3 | - | - | - | €0.8m | €1.0m | €0.2m | €143 | ▼ 99.9% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.06m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.6m | €5.8m | -€0.3m | -€0.02m | -€0.4m | ▼ 2,335% |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.1m | - | - | - | - | - |
| Operating cash flow (approximation) | €0.4m | €0.5m | €0.7m | €5.8m | -€0.3m | -€0.02m | -€0.4m | ▼ 2,335% |
| Investment in fixed assets (approximation) | - | -€0.07m | -€0.2m | €0.7m | €0.03m | €1.0m | -€2.1m | - |
| Change in cash | - | €0.3m | €0.2m | -€1.2m | -€0.004m | €0.001m | -€0.002m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 830 companies had the same profile as RUMCO has now. Two years later, 96.5% were still going and 0.6% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
96.5%
was still going
2.9%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of RUMCO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 830 companies, not a prediction for RUMCO. 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.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-07-2026 | 2026-00369138 | |
| 31-12-2024 | abbreviated format | 30-07-2025 | 2025-00342884 | |
| 31-12-2023 | abbreviated format | 21-05-2024 | 2024-00091694 | |
| 31-12-2022 | abbreviated format | 14-04-2023 | 2023-00059069 | |
| 31-03-2021 | abbreviated format | 22-10-2021 | 2021-73700095 | |
| 31-03-2020 | abbreviated format | 19-11-2020 | 2020-71000324 | |
| 31-03-2019 | abbreviated format | 28-10-2019 | 2019-71700281 | |
| 31-03-2018 | abbreviated format | 13-11-2018 | 2018-72100113 | |
| 31-03-2017 | abbreviated format | 27-10-2017 | 2017-68500550 | |
| 31-03-2016 | abbreviated format | 21-10-2016 | 2016-66300178 |