RUSH
ActiveFrom the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
RUSH has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155,423 and a net result of €1,066. Equity has been stable since 2018 (±1.4% per year). Its solvency ranks better than 59% of 2,391 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
KBO- Status
- Active since 14-05-2003 Normal situation
- Registered office
- 18 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- Freight transport by road NACE 49410and 4 others
- Establishment unit
- 2.256.468.636 9820 Merelbeke-Melle, since 01-01-2016
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €234,309
- ▲ 127%
- Turnover
- ≈ €590,000
- estimated
- Profit
- €1,066
- ▼ 95.8%
- Equity
- €155,423
- ▲ 0.7%
- Total assets
- €333,386
- ▲ 13.2%
- Staff
- 4.6 FTE
- ▲ 283%
Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)Size: 4.6 FTE, total assets €333,386lowers riskFounded in 2003Equity €155,423 (46.6% of total assets)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 49, micro). It does better than 59% of them on solvency, 24% on liquidity, 41% on profitability and 39% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-06-2026 at the NBB all 22 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 81% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as RUSH: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €226,000 and €390,000, founded between 1996 and 2010.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| RUSH Merelbeke-Melle | 2003 | €333,386 | €155,423 | €234,309 | €1,066 | 4.6 | 2025 |
| TRANS.PO Lochristi | 2005 | €259,636 | €99,408 | €217,356 | €24,360 | 3.4 | 2025 |
| DAPA Herzele | 1996 | €390,115 | €157,026 | €376,234 | €6,307 | 4.5 | 2025 |
| TRANSPORT DE NOOZE MARTIN Dendermonde | 2010 | €387,092 | €88,990 | €336,751 | -€30,088 | 3.5 | 2025 |
| O-TRANS Oudenaarde | 2000 | €226,459 | €184,621 | €145,296 | -€64,153 | 3.7 | 2025 |
| TRANS - COMBUSTIBLES Villers-le-Bouillet | 2001 | €288,490 | €5,145 | €288,577 | €619 | 3.7 | 2025 |
| MECOTRANS Tongeren-Borgloon | 2001 | €268,063 | €235,218 | €175,000 | -€90,606 | 4.4 | 2025 |
They were chosen from the 7,773 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as RUSH has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RUSH itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,041 companies, not a prediction for RUSH. 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.
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €352 awarded · €352 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €116 | €116 |
| 2024 | 1 | €236 | €236 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €34,284 | €37,126 | €41,579 | €56,820 | €208,785 | ▲ 267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,536 | €32,733 | €310 | €736 | €675 | €488 | €1,012 | €15,908 | ▲ 16× |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€93 | €1,470 | €4,955 | - | - |
| Other operating charges640/8 | - | - | - | €1,480 | €2,760 | €2,523 | €2,899 | €2,495 | ▼ 14.0% |
| Gross operating margin9900 | €108,218 | €64,543 | €38,239 | €33,883 | €36,434 | €48,588 | €103,119 | €234,309 | ▲ 127% |
| Operating profit (loss)9901 | €20,313 | -€19,854 | €1,110 | -€2,618 | -€4,034 | €2,528 | €37,433 | €7,122 | ▼ 81.0% |
| Financial income75/76B | - | - | - | €428 | €2,795 | €315 | €285 | €166 | ▼ 41.5% |
| Recurring financial income75 | €1,351 | €1,951 | €190 | €428 | €2,795 | €315 | €285 | €166 | ▼ 41.5% |
| Financial charges65/66B | - | - | - | €1,051 | €1,051 | €1,078 | €1,727 | €3,233 | ▲ 87.2% |
| Recurring financial charges65 | €1,592 | €1,169 | €1,119 | €1,051 | €1,051 | €1,078 | €1,727 | €3,233 | ▲ 87.2% |
| Profit (loss) for the period before taxes9903 | €20,072 | -€19,072 | €181 | -€3,241 | -€2,290 | €1,765 | €35,990 | €4,055 | ▼ 88.7% |
| Income taxes67/77 | €5,233 | €432 | €153 | - | €150 | €2,808 | €10,738 | €2,989 | ▼ 72.2% |
| Profit (loss) for the period9904 | €14,839 | -€19,504 | €27 | -€3,241 | -€2,440 | -€1,043 | €25,252 | €1,066 | ▼ 95.8% |
| Profit (loss) for the period to be appropriated9905 | €14,839 | -€19,504 | €27 | -€3,241 | -€2,440 | -€1,043 | €25,252 | €1,066 | ▼ 95.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €259,203 | €188,392 | €205,620 | €185,764 | €227,040 | €245,417 | €294,445 | €333,386 | ▲ 13.2% |
| Fixed assets21/28 | €37,902 | €224 | €2,123 | €1,387 | €712 | €224 | €25,712 | €41,494 | ▲ 61.4% |
| Tangible fixed assets22/27 | €37,678 | - | €1,899 | €1,163 | €488 | - | €25,488 | €41,270 | ▲ 61.9% |
| Furniture and vehicles24 | - | - | - | €1,163 | €488 | - | €25,488 | €41,270 | ▲ 61.9% |
| Financial fixed assets28 | €224 | €224 | €224 | €224 | €224 | €224 | €224 | €224 | = |
| Current assets29/58 | €221,301 | €188,168 | €203,497 | €184,378 | €226,328 | €245,193 | €268,734 | €291,892 | ▲ 8.6% |
| Amounts receivable within one year40/41 | €145,423 | €140,217 | €119,191 | €153,765 | €180,490 | €219,742 | €254,659 | €254,167 | ▼ 0.2% |
| Trade receivables40 | - | - | - | €149,786 | €177,560 | €170,252 | €220,159 | €177,054 | ▼ 19.6% |
| Other amounts receivable41 | - | - | - | €3,979 | €2,930 | €49,489 | €34,500 | €77,112 | ▲ 124% |
| Cash at bank and in hand54/58 | €74,033 | €44,500 | €78,376 | €13,528 | €41,569 | €19,663 | €3,169 | €6,093 | ▲ 92.2% |
| Deferred charges and accrued income490/1 | - | - | - | €17,084 | €4,269 | €5,789 | €10,905 | €31,633 | ▲ 190% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €259,203 | €188,392 | €205,620 | €185,764 | €227,040 | €245,417 | €294,445 | €333,386 | ▲ 13.2% |
| Equity10/15 | €175,305 | €155,801 | €155,828 | €152,588 | €150,148 | €129,105 | €154,357 | €155,423 | ▲ 0.7% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | - | €20,000 | - | - | - | - |
| Issued capital100 | - | - | - | - | €20,000 | - | - | - | - |
| Contributions outside capital11 | - | - | - | €20,000 | - | - | - | - | - |
| Other1109/19 | - | - | - | €20,000 | - | - | - | - | - |
| Reserves13 | €70,400 | €70,400 | €70,400 | €70,400 | €70,400 | €70,400 | €70,400 | €70,400 | = |
| Non-distributable reserves130/1 | - | - | - | €6,300 | €6,300 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €6,300 | €6,300 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €26,600 | €26,600 | €26,600 | €26,600 | €26,600 | = |
| Distributable reserves133 | - | - | - | €37,500 | €37,500 | €43,800 | €43,800 | €43,800 | = |
| Profit (loss) carried forward14 | €84,905 | €65,401 | €65,428 | €62,188 | €59,748 | €38,705 | €63,957 | €65,023 | ▲ 1.7% |
| Amounts payable17/49 | €83,898 | €32,591 | €49,792 | €33,177 | €76,892 | €116,312 | €140,088 | €177,963 | ▲ 27.0% |
| Amounts payable after more than one year17 | €14,693 | - | - | - | - | - | €12,417 | €12,024 | ▼ 3.2% |
| Financial debts170/4 | - | - | - | - | - | - | €12,417 | €12,024 | ▼ 3.2% |
| Amounts payable within one year42/48 | €69,205 | €32,591 | €49,792 | €33,177 | €76,892 | €116,312 | €127,671 | €165,939 | ▲ 30.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €13,022 | €24,938 | ▲ 91.5% |
| Financial debts43 | - | - | - | - | - | - | €1,689 | €3,333 | ▲ 97.3% |
| Credit institutions430/8 | - | - | - | - | - | - | €1,689 | €3,333 | ▲ 97.3% |
| Trade debts44 | €34,931 | €28,018 | €38,856 | €22,427 | €68,233 | €84,636 | €93,307 | €113,508 | ▲ 21.7% |
| Suppliers440/4 | - | - | - | €22,427 | €68,233 | €84,636 | €93,307 | €113,508 | ▲ 21.7% |
| Taxes, remuneration and social security45 | - | - | - | €8,064 | €8,659 | €12,233 | €18,320 | €24,160 | ▲ 31.9% |
| Taxes450/3 | - | - | - | - | - | €2,730 | €5,078 | - | - |
| Remuneration and social security454/9 | - | - | - | €8,064 | €8,659 | €9,503 | €13,242 | €24,160 | ▲ 82.5% |
| Other amounts payable47/48 | - | - | - | €2,686 | - | €19,443 | €1,334 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,839 | -€19,504 | €27 | -€3,241 | -€2,440 | -€1,043 | €25,252 | €1,066 | ▼ 95.8% |
| + Depreciation and write-downs630 | €39,536 | €32,733 | €310 | €736 | €675 | €488 | €1,012 | €15,908 | ▲ 16× |
| Operating cash flow (approximation) | €54,374 | €13,229 | €337 | -€2,504 | -€1,765 | -€555 | €26,265 | €16,974 | ▼ 35.4% |
| Investment in fixed assets (approximation) | - | €4,945 | -€2,209 | €0 | €0 | €0 | -€26,500 | -€31,690 | ▼ 19.6% |
| Change in cash | - | -€29,533 | €33,876 | -€64,849 | €28,041 | -€21,906 | -€16,493 | €2,923 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-06-2026 | 2026-00165575 | NBB |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00218429 | |
| 31-12-2023 | abbreviated format | 27-06-2024 | 2024-00173734 | |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00122738 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20148704 | |
| 31-12-2020 | micro format | 15-06-2021 | 2021-20100038 | |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19000266 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-22900161 | |
| 31-12-2017 | micro format | 08-06-2018 | 2018-17100283 | |
| 31-12-2016 | micro format | 12-06-2017 | 2017-16500564 |
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
1 ownerChain of control
- TIMACUAN
- RUSH
Owners 1
- TIMACUANparentSourceaccounts TIMACUAN 2024100%
Capital transactions
- 21-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Legeweg |
|
| TIMACUAN |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder”
Articles of association, deed of 21-11-2023 (in Dutch)
Network & group
Connections & network
2 current directorsThe network starts from the directors of RUSH. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-11
Gazette deed
Resignations: TIMACUAN (director) and LEGEWEG (director)Reappointments: TIMACUAN (director) and LEGEWEG (director) · Permanent representatives: Peter Vander Stichele and Nathalie Bruynooghe · Amendment of the articles17 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van de statutenwijziging, integraal beschikbaar maken voor uitkering” (deed in Dutch)
- Reserve release, “integraal beschikbaar maken voor uitkering”, 6300 (deed in Dutch)
- Other provision, “voor zoveel als nodig ontheven van de volstortingsplicht van hun aandelen, ontheffing volstortingsplicht van aandelen” (deed in Dutch)
- Kind of shares, “ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningsaldo, inbrengen” (deed in Dutch)
- Director resignation, TIMACUAN (director (not named in the articles))
- Director reappointment, TIMACUAN (director (not named in the articles))
- Permanent representative, Peter Vander Stichele
- Director resignation, LEGEWEG (director (not named in the articles))
- Director reappointment, LEGEWEG (director (not named in the articles))
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20257 activities
- Het ondernemen van goederenvervoer langs de weg voor eigen rekening en voor rekening van derden; alle transport- en verzendingsverrichtingen (forwarding) zowel op nationaal als op internationaal vlak.
- Het verhuren van personenwagens, vrachtwagens en andere transportmiddelen, en alle materiaal en machines die betrekking hebben op de transportbranche en de vermelde activiteit ondersteunen.
- Het verhandelen van parkeerruimtes, standplaatsen en oplegruimtes.
- Het verstrekken van adviezen inzake nationaal en internationaal goederenvervoer.
- Het waarnemen van bestuursmandaten.
- Het verkrijgen, het behouden, beheren en uitbreiden van een vermogen, hoofdzakelijk bestaande uit onroerende goederen voor eigen rekening.
- Binnen dit kader kan de vennootschap overgaan tot het verwerven, vervreemden, ruilen, verhuren en andere verrichtingen betreffende roerende en onroerende goederen, onder voorbehoud dat de vervreemdingen slechts plaats zullen hebben wanneer gebiedende omstandigheden, zoals onteigening voor openbaar nut dit noodzakelijk maken of wanneer in het kader van een oordeelkundig vermogensbeheer, het behoud van één of ander goed in het vermogenspatrimonium niet meer als verantwoord kan beschouwd worden.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Parcel delivery
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44043A0262/00P002 | Flanders | 6,982 m² | 1 · 2,656 m² | 6.1 m · 2 |