Financials
- Financial year
- 2025
- Total assets
- €1.8m
- Loss
- -€72,372
- Solvency
- 19.9%
RUMST LOGISTICS III
ActiveSummary
RUMST LOGISTICS III has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €361,431 and a net result of -€72,372. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 32% of 5,738 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Development of non-residential building projects
NACE 68122
1 site
Size
€1.8mtotal assets 2025
- Equity
- €361,431
- Loss
- -€72,372
Structure
- Parent
- Titanium Ruth Belgium Holdco · 99.97%
- Board
- 4 members
Auditor: KPMG Bedrijfsrevisoren BVAccounts 3 days early
Why 86raises risk1 change of registered office in 24 monthsLoss of €72,372, the second in a row (financial year 2025)lowers riskSize: total assets €1.8mFigures for financial year 2025 (filed 28-07-2026)Show the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 38% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Weak
Solvency
45-4
equity 19.9% of total assets
Liquidity
54-2
short-term debt 1.0% · cash 3.5%
Profitability
28+2
return on assets -4.0%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 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: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points 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: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.2%▼ -0.2 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity ample (current ratio 8.01, compared with 10.71 in 2024, above the usual 1.5; short-term debt: 1% and cash: 3.5% of total assets), but 80.1% of the assets are financed with debt and provisions.
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, micro): better than 40% on solvency, 64% on liquidity, 24% on profitability and 23% on growth.
The bankruptcy probability was computed on 20-10-2026 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 riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€72,372
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 (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · 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 31 May (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
- Resignation: IQ EQ Holdings (Belgium) SA…Permanent representative: Laurent Dassonville ·…
- Annual accounts filedfinancial year 2025 · full…
- Registered officeRegistered-office move
Key points
- Risk: 8 loss-making years in a rowloss financial year 2025 -€72,372 View
- Caution: Among the weakest 20% on net resultsector median €20,654 · 5,744 companies -€72,372 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Controlled by Titanium Ruth Belgium Holdcoultimately: Brookfield Corporation 99.97% View
- Board changedlatest change 02-10-2026 · 4 in office 1 joined · 1 left View
By topic
Board & ownership
- Board
- 4 members
- Parent
- Titanium Ruth Belgium Holdco · 99.97%
- Auditor
- KPMG Bedrijfsrevisoren BV
- DUBOIS Marco Antoine Doris AlphonsineDirector
- Philip Anthony ReddingDirector
- N-BelDirector
- Aspelt HouseDirector
Network & group
- Group
- Brookfield Corporation
- Connected companies
- 39
Timeline
- Events
- 51
- Since
- 2006
- Next accounts
- by 31-07-2027
- 16-01-2026Resignation: KPMG Bedrijfsrevisoren (statutory auditor)
- 31-07-2025Resignation: Philip Redding (director)
- 17-07-2025Annual accounts filed
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
Articles of association
- Provisions read
- 2
- Purpose
- “Alle verrichtingen die betrekking hebben op de handel in onroerende goederen en onder meer…” (deed in Dutch)
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