RUMIX
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 42 filings
Turnover
≈ €4.3m
Estimated: probably between €2.6m and €7.3m
Total assets
€2.1m▲ 13.2%
2024 · €1.9m
Net result
€156,788▼ 30.3%
2024 · €224,835
Working capital
€655,291▼ 30.9%
2024 · €947,719
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€225,841
▼ 32.7%
2025
20182025
Net result
€156,788
▼ 30.3%
2025
highest quarter of the sector
20182025
Equity
€1.3m
▼ 16.1%
2025
highest quarter of the sector
20182025
Total assets
€2.1m
▲ 13.2%
2025
middle half of the sector
20182025
Debt
€825,383
▲ 145%
2025
20182025
Working capital
€655,291
▼ 30.9%
2025
middle half of the sector
20182025
Solvency
60.7%
▼ 21.1pp
2025
middle half of the sector
20182025
Current ratio
1.92
▼ 2.58
2025
middle half of the sector
20182025
Return on assets (ROA)
7.5%
▼ 4.7pp
2025
middle half of the sector
20182025
Staff (FTE)
6.6
▲ 57.1%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m▲ 2.5%€0.2m▲ 34.1%€0.2m▼ 7.1%€0.2m▲ 37.4%€0.3m▲ 12.8%€0.3m▲ 21.7%€0.2m▼ 32.7%
Net result€0.09m-€0.1m▲ 12.4%€0.1mabove the sector's middle half▲ 31.0%€0.1mwithin the sector's middle half▼ 11.6%€0.2mwithin the sector's middle half▲ 49.8%€0.2mabove the sector's middle half▼ 0.8%€0.2mabove the sector's middle half▲ 24.7%€0.2mabove the sector's middle half▼ 30.3%
Equity€0.6m-€0.7m▲ 14.6%€0.8mwithin the sector's middle half▲ 16.9%€0.9mwithin the sector's middle half▲ 13.1%€1.1mwithin the sector's middle half▲ 18.8%€1.3mabove the sector's middle half▲ 15.7%€1.5mabove the sector's middle half▲ 17.1%€1.3mabove the sector's middle half▼ 16.1%
Total assets€1.0m-€1.0m▲ 7.4%€1.1mwithin the sector's middle half▲ 5.6%€1.2mwithin the sector's middle half▲ 7.5%€1.4mwithin the sector's middle half▲ 22.9%€1.7mwithin the sector's middle half▲ 14.7%€1.9mwithin the sector's middle half▲ 11.8%€2.1mwithin the sector's middle half▲ 13.2%
Debt€0.3m-€0.3m▼ 5.8%€0.3m▼ 19.3%€0.2m▼ 10.6%€0.3m▲ 39.7%€0.4m▲ 11.4%€0.3m▼ 6.9%€0.8m▲ 145%
Working capital€0.3m-€0.3m▼ 0.1%€0.4mwithin the sector's middle half▲ 27.4%€0.5mwithin the sector's middle half▲ 30.3%€0.5mwithin the sector's middle half▼ 8.2%€0.7mwithin the sector's middle half▲ 42.6%€0.9mabove the sector's middle half▲ 41.7%€0.7mwithin the sector's middle half▼ 30.9%
Solvency64.5%-68.8%▲ 4.3pp76.2%above the sector's middle half▲ 7.4pp80.2%above the sector's middle half▲ 4.0pp77.5%above the sector's middle half▼ 2.7pp78.2%above the sector's middle half▲ 0.7pp81.8%above the sector's middle half▲ 3.7pp60.7%within the sector's middle half▼ 21.1pp
Current ratio2.26-2.17▼ 0.092.70within the sector's middle half▲ 0.533.29above the sector's middle half▲ 0.593.10above the sector's middle half▼ 0.183.62above the sector's middle half▲ 0.524.50above the sector's middle half▲ 0.881.92within the sector's middle half▼ 2.58
Return on assets (ROA)9.7%-10.1%▲ 0.5pp12.5%above the sector's middle half▲ 2.4pp10.3%within the sector's middle half▼ 2.2pp12.6%above the sector's middle half▲ 2.3pp10.9%within the sector's middle half▼ 1.7pp12.1%above the sector's middle half▲ 1.3pp7.5%within the sector's middle half▼ 4.7pp
Staff (FTE)0.7-0.6▼ 14.3%0.6below the sector's middle half=0.6below the sector's middle half=1.9within the sector's middle half▲ 217%3.1within the sector's middle half▲ 63.2%4.2within the sector's middle half▲ 35.5%6.6within the sector's middle half▲ 57.1%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 33% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€733,547 ▲ 15.3%
Current assets
€1.4m ▲ 12.1%
Equity and liabilities €2.1m
Equity
€1.3m ▼ 16.1%
Debt
€825,383 ▲ 145%
Debt's share of the balance-sheet total rises from 18.2% to 39.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€407,924▼
2024 · €504,497
Cash flow
€338,871▼
2024 · €393,636
Quick ratio
1.59▼
2024 · 3.56
Debt to equity
0.65▲
2024 · 0.22
ROE
12.3%▼
2024 · 14.8%
Interest coverage
33.64▼
2024 · 42.78
Debt ≤ 1 year
€710,103▲
2024 · €270,739
Debt > 1 year
€111,558▲
2024 · €60,700
Income taxes
€57,818▼
2024 · €99,875
Staff costs
€433,283▲
2024 · €264,806
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 3 | 3 | 6 | 7 |
| full-time | 0 | 1 | 2 | 4 | 6 |
| part-time | 1 | 2 | 1 | 2 | 1 |
| in full-time equivalents | 0.6 | 2.4 | 2.6 | 5.3 | 6.6 |
| Average over the year, in full-time equivalents | 0.6 | 1.9 | 3.1 | 4.2 | 6.6 |
| On a permanent contract | 1 | 3 | 2 | 4 | 4 |
| Joined | - | 2 | 13 | 10 | 13 |
| Left | - | 0 | 13 | 7 | 12 |
| Training hours | - | - | - | 0 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €24,076 | €124,478 | €141,038 | €101,601 | €170,567 |
| Carrying value of the other pledged assets | €137,431 | €351,269 | €129,624 | €193,608 | €416,682 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €91,533 | €405,574 | €144,160 | €66,159 | €237,598 |
| Intangible fixed assets | - | - | - | €5,186 | - |
| Financial fixed assets | - | €135 | - | €135 | €135 |
| Depreciation and write-downs of the year | €120,806 | €93,940 | €165,051 | €168,801 | €182,083 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €4,629 awarded · €4,629 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,180 | €1,180 |
| 2024 | 1 | €449 | €449 |
| 2023 | 1 | €3,000 | €3,000 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.02m | €0.08m | €0.2m | €0.3m | €0.4m | ▲ 63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.1m | €0.1m | €0.1m | €0.09m | €0.2m | €0.2m | €0.2m | ▲ 7.9% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.05m | €0.07m | €0.1m | €0.2m | ▲ 87.0% |
| Gross operating margin9900 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | €0.7m | €0.9m | €1.0m | ▲ 18.6% |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 32.7% |
| Financial income75/76B | - | - | - | €0.001m | €426 | €0.001m | €0.001m | €0.001m | ▲ 10.5% |
| Recurring financial income75 | €125 | €0.001m | €0.001m | €0.001m | €426 | €0.001m | €0.001m | €0.001m | ▲ 10.5% |
| Financial charges65/66B | - | - | - | €0.01m | €0.008m | €0.01m | €0.01m | €0.01m | ▲ 2.8% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.01m | €0.01m | €0.008m | €0.01m | €0.01m | €0.01m | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 33.9% |
| Income taxes67/77 | €0.04m | €0.03m | €0.04m | €0.05m | €0.05m | €0.08m | €0.1m | €0.06m | ▼ 42.1% |
| Profit (loss) for the period9904 | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 30.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.0m | €1.1m | €1.2m | €1.4m | €1.7m | €1.9m | €2.1m | ▲ 13.2% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.4m | €0.5m | €0.5m | €0.4m | €0.8m | €0.7m | €0.6m | €0.7m | ▲ 15.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | €0.005m | €0.004m | ▼ 20.3% |
| Tangible fixed assets22/27 | €0.4m | €0.5m | €0.5m | €0.4m | €0.8m | €0.7m | €0.6m | €0.7m | ▲ 15.6% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 14.2% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.004m | €0.004m | €0.003m | ▼ 35.6% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 39.7% |
| Financial fixed assets28 | €150 | €25 | €25 | €25 | €160 | €160 | €295 | €295 | = |
| Current assets29/58 | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | €0.9m | €1.2m | €1.4m | ▲ 12.1% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 8.2% |
| Stocks30/36 | - | - | - | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 8.2% |
| Amounts receivable within one year40/41 | €0.09m | €0.1m | €0.08m | €0.07m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 9.9% |
| Trade receivables40 | - | - | - | €0.06m | €0.1m | €0.2m | €0.3m | €0.3m | ▼ 1.1% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.04m | €0.001m | €231 | €0.03m | ▲ 127× |
| Current investments50/53 | €0 | - | - | - | - | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.3m | €0.3m | €0.3m | €0.4m | €0.2m | €0.4m | €0.7m | €0.6m | ▼ 10.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.02m | €0.02m | €0.04m | €0.06m | ▲ 29.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.1m | €1.2m | €1.4m | €1.7m | €1.9m | €2.1m | ▲ 13.2% |
| Equity10/15 | €0.6m | €0.7m | €0.8m | €0.9m | €1.1m | €1.3m | €1.5m | €1.3m | ▼ 16.1% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €0.6m | €0.7m | €0.8m | €0.9m | €1.1m | €1.3m | €1.5m | €1.2m | ▼ 16.5% |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | €0.004m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | €0.004m | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.9m | €1.0m | €1.2m | €1.4m | €1.2m | ▼ 16.9% |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.4m | €0.3m | €0.8m | ▲ 145% |
| Amounts payable after more than one year17 | €0.09m | €0.05m | €0.02m | €0.004m | €0.1m | €0.1m | €0.06m | €0.1m | ▲ 83.8% |
| Financial debts170/4 | - | - | - | €0.004m | €0.1m | €0.1m | €0.06m | €0.1m | ▲ 83.8% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.7m | ▲ 162% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.03m | €0.04m | €0.04m | €0.06m | ▲ 44.3% |
| Trade debts44 | €0.04m | €0.05m | €0.05m | €0.05m | €0.07m | €0.09m | €0.1m | €0.1m | ▲ 0.6% |
| Suppliers440/4 | - | - | - | €0.05m | €0.07m | €0.09m | €0.1m | €0.1m | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.05m | €0.06m | €0.08m | ▲ 38.1% |
| Taxes450/3 | - | - | - | €0.02m | €0.01m | €0.03m | €0.03m | €0.04m | ▲ 15.9% |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.01m | €0.02m | €0.03m | €0.05m | ▲ 60.6% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.08m | €0.05m | €0.5m | ▲ 750% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.005m | €0.006m | €0.006m | €0.004m | ▼ 34.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,193 | €104,780 | €137,291 | €121,350 | €181,732 | €180,283 | €224,835 | €156,788 | ▼ 30.3% |
| + Depreciation and write-downs630 | €94,890 | €122,791 | €117,892 | €120,806 | €93,940 | €165,051 | €168,801 | €182,083 | ▲ 7.9% |
| Operating cash flow (approximation) | €188,083 | €227,570 | €255,182 | €242,156 | €275,671 | €345,334 | €393,636 | €338,871 | ▼ 13.9% |
| Investment in fixed assets (approximation) | - | -€176,124 | -€123,654 | -€91,533 | -€405,709 | -€146,225 | -€70,248 | -€279,462 | ▼ 298% |
| Change in cash | - | €2,201 | €64,479 | €115,286 | -€217,146 | €226,869 | €205,425 | -€71,149 | - |
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, 31,368 companies had the same profile as RUMIX has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RUMIX itself: < 0.1% 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 31,368 companies, not a prediction for RUMIX. 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 42 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-07-2026 | 2026-00279677 | |
| 31-12-2024 | abbreviated format | 13-06-2025 | 2025-00143307 | |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00179442 | |
| 31-12-2022 | abbreviated format | 23-06-2023 | 2023-00151918 | |
| 31-12-2021 | abbreviated format | 11-05-2022 | 2022-20024589 | |
| 31-12-2020 | abbreviated format | 28-05-2021 | 2021-15700501 | |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-35600494 | |
| 31-12-2018 | abbreviated format | 23-05-2019 | 2019-14200169 | |
| 31-12-2017 | abbreviated format | 18-05-2018 | 2018-13200546 | |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-34300042 |