Financials
- Fiscal year
- 2025
- Total assets
- €7.6m
- Profit
- €1.2m
- Solvency
- 87.7%
Turnover▲ 2.4%
Net result
20182023
RUMST LOGISTICS II
ActiveSummary
RUMST LOGISTICS II has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.7m and a net result of €1.2m. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 85% of 5,669 sector peers (NACE 68, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Development of non-residential building projects
NACE 68122
1 site
Size
€7.6mtotal assets 2025
- Equity
- €6.7m
- Profit
- €1.2m
Structure
- Parent
- Titanium Ruth Belgium Holdco · 99%
- N-BelDirector · permanent representative Abdelilah Aït-Ahmad
- Aspelt HouseDirector · permanent representative Laurent Dassonville
Auditor: Deloitte BedrijfsrevisorenAccounts 3 days early4 of 31 deeds read
Why 99- 1 change of registered office in 24 months+ Size: total assets €7.6m+ Liquidity: current ratio 9.21, cash €1.7m+ Figures for FY 2025 (filed 28-07-2026)Show the evidence
Checked score
Score 2025
99
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 91% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Strong
Solvency
100+3
equity 87.7% of total assets
Liquidity
78+13
short-term debt 3.6% · cash 22.2%
Profitability
89+2
return on assets 15.9%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● unchanged vs 11-2024
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
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%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
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
Credit up to €650,000 at 30 days acceptable
Liquidity ample (current ratio 9.21 against 18.9 in 2024; short-term debt: 3.6% and cash: 22.2% of total assets), and 12.3% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 92% on solvency, 95% on liquidity, 96% on profitability and 82% on growth.
The bankruptcy probability was computed on 07-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €6.7m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
14 days early
2023
98 days early
2022
69 days early
2021
61 days early
2020
101 days early
2019
80 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 31 May (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: IQ EQ Holdings (Belgium) SA…Permanent representative: Laurent Dassonville ·…
- Annual accounts filedfiscal year 2025 · full…
- Resignations: Joannes van de Kimmenade (director)…Appointments: IQ EQ Holdings (Belgium)…
Key points
- Caution: Board changedlatest change 02-10-2026 · 2 in office 1 joined · 3 left View
- Positive: Among the best 8% on net resultsector median €21,361 · 5,675 companies €1.2m View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €1.2m 8 years View
- Controlled by Titanium Ruth Belgium Holdcoultimately: Brookfield Corporation 99% View
By topic
Board & ownership
- Board
- 2 members
- Parent
- Titanium Ruth Belgium Holdco · 99%
- Auditor
- Deloitte Bedrijfsrevisoren
- N-BelDirector
- Aspelt HouseDirector
Network & group
- Group
- Brookfield Corporation
- Connected companies
- 9
Timeline
- Events
- 17
- Since
- 2018
- Next accounts
- by 31-07-2027
- 12-03-2026Registered office
- 16-01-2026Resignation: KPMG Bedrijfsrevisoren (statutory auditor)
- 31-12-2025Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Development of non-residential building projectsNACE 68122
- Founded
- 20-04-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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