Equity
Ruslan Construct has made a profit in every financial year since 2020.
Ruslan Construct has made a profit in every financial year since 2020.
Ruslan Construct pays its suppliers 121 days earlier than in 2024. Customers pay 26 days earlier.
Short-term debts fell from €520,934 to €247,697.
Latest accounts filed late: after the legal deadline.
More equity than 87% of companies in construction of buildings. Sector median €45,766 · 10,162 companies.
In July 2024, 1,637 companies had the same profile as Ruslan Construct has now. Each dot stands for 5 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,637 companies, not a prediction for Ruslan Construct. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Ruslan Construct Sint-Pieters-Leeuw | €0.9m | 4.8% | 39.4% | - |
| DEMO GROUP Sint-Pieters-Leeuw | €1.8m | 2.1% | 38.2% | - |
| MGA CONSTRUCT Opwijk | €0.2m | 5.9% | 71.3% | - |
| RSC CONSTRUCT Zaventem | - | - | 13.6% | 0 |
| Construction & Management Heusden-Zolder | - | - | 15.7% | - |
| Loma Invest Lille | - | - | 22.6% | - |
| AKTAN CONSTRUCTION Liège | - | - | 21.4% | - |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Ruslan Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €485,000 and €633,000, founded between 2019 and 2021.
Ruslan Construct files the micro format. That format states no turnover. The gross margin rose from €19,505 in 2020 to €50,072 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 46% of 10,159 companies in 2025.
Higher than 63% of 9,870 companies in 2025.
Higher than 33% of 9,958 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
557,559 | 763,918 | 348,373 | 156,319 | 102,176 | 27,152 | |
21/28 |
200 | 1,937 | 14,327 | 27,350 | 34,785 | 1,467 | |
22/27 |
- | 1,737 | 14,127 | 27,150 | 34,585 | 1,267 | |
24 |
- | - | - | 633 | 633 | 1,267 | |
25 |
- | 1,737 | 14,127 | 26,517 | 33,951 | - | |
28 |
200 | 200 | 200 | 200 | 200 | 200 | |
29/58 |
557,359 | 761,981 | 334,046 | 128,969 | 67,391 | 25,685 | |
29 |
14,500 | - | - | - | - | - | |
291 |
14,500 | - | - | - | - | - | |
3 |
9,583 | - | - | - | - | - | |
30/36 |
9,583 | - | - | - | - | - | |
40/41 |
524,922 | 644,283 | 331,760 | 122,087 | 67,205 | 25,239 | |
40 |
459,426 | 488,714 | 173,509 | 50,963 | 11,077 | 17,944 | |
41 |
65,496 | 155,569 | 158,251 | 71,124 | 56,128 | 7,295 | |
54/58 |
8,354 | 18,798 | 2,286 | 6,881 | 23 | 447 | |
490/1 |
- | 98,900 | - | - | 162 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
557,559 | 763,918 | 348,373 | 156,319 | 102,176 | 27,152 | |
10/15 |
219,642 | 211,415 | 205,807 | 87,354 | 36,737 | 7,725 | |
10/11 |
50 | 50 | 50 | 50 | 50 | 50 | |
11 |
- | - | - | - | - | 50 | |
1109/19 |
- | - | - | - | - | 50 | |
14 |
219,592 | 211,365 | 205,757 | 87,304 | 36,687 | 7,675 | |
17/49 |
337,917 | 552,503 | 142,565 | 68,965 | 65,439 | 19,426 | |
17 |
90,220 | 31,569 | 13,346 | 20,117 | 26,888 | - | |
170/4 |
90,220 | 31,569 | 13,346 | 20,117 | 26,888 | - | |
42/48 |
247,697 | 520,934 | 129,219 | 48,848 | 38,550 | 19,426 | |
42 |
46,439 | 13,414 | 5,208 | 5,251 | 5,612 | - | |
43 |
- | 9,123 | - | - | - | - | |
430/8 |
- | 9,123 | - | - | - | - | |
44 |
196,817 | 466,494 | 96,549 | 3,978 | 4,731 | 5,975 | |
440/4 |
13,422 | 107,880 | 96,549 | 3,978 | 4,731 | 5,975 | |
441 |
183,396 | 358,613 | - | - | - | - | |
45 |
4,441 | 4,903 | 462 | 12,619 | 1,208 | 552 | |
450/3 |
4,441 | 4,903 | 462 | 12,619 | 1,208 | 552 | |
47/48 |
- | 27,000 | 27,000 | 27,000 | 27,000 | 12,899 | |
| Income statement | |||||||
70 |
946,067 | 878,820 | - | 595,911 | 174,977 | - | |
76A |
- | - | 750,497 | - | - | - | |
9900 |
50,072 | 29,719 | 136,692 | 74,041 | 52,769 | 19,505 | |
60/61 |
895,995 | 849,101 | 613,805 | 529,305 | 122,208 | - | |
62 |
1,435 | 2,003 | 1,837 | 2,767 | - | - | |
630 |
1,737 | 12,390 | 13,023 | 7,435 | 3,855 | 633 | |
631/4 |
- | - | - | 7,435 | - | - | |
640/8 |
1,133 | 1,135 | 5,332 | 5,661 | 2,251 | 982 | |
9901 |
45,766 | 14,192 | 116,500 | 50,744 | 46,664 | 17,890 | |
75/76B |
- | - | 3,434 | 1,018 | 40 | - | |
75 |
- | - | 3,434 | 1,018 | 40 | - | |
65/66B |
5,927 | 2,643 | 503 | 1,146 | 692 | 215 | |
65 |
5,927 | 2,643 | 503 | 1,146 | 692 | 215 | |
9903 |
39,839 | 11,549 | 119,430 | 50,617 | 46,012 | 17,675 | |
67/77 |
31,612 | 5,941 | 976 | - | - | - | |
9904 |
8,227 | 5,608 | 118,454 | 50,617 | 46,012 | 17,675 | |
9905 |
8,227 | 5,608 | 118,454 | 50,617 | 46,012 | 17,675 | |
| Appropriation of the result | |||||||
9906 |
219,592 | 211,365 | 205,757 | 87,304 | 53,687 | 17,675 | |
14P |
211,365 | 205,757 | 87,304 | 36,687 | 7,675 | - | |
694/7 |
- | - | - | - | 17,000 | 10,000 | |
695 |
- | - | - | - | 17,000 | 10,000 | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-11-2026.
2025 annual accounts filed 98 days after the deadline. Filed on 6 November 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00603020.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-11-2026 | 2026-00603020 | |
| 31-12-2024 | micro format | 16-10-2025 | 2025-00543766 | |
| 31-12-2023 | micro format | 30-04-2025 | 2025-00084593 | |
| 31-12-2022 | micro format | 26-12-2023 | 2023-00539033 | |
| 31-12-2021 | micro format | 22-09-2022 | 2022-20434713 | |
| 31-12-2020 | micro format | 12-06-2021 | 2021-19500272 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 47,504 | 26,581 | 129,523 | 58,179 | 50,518 | 18,523 | ||
| 9,964 | 17,998 | 131,477 | 58,051 | 49,866 | 18,309 | ||
| 0 | 0 | 0 | 0 | 37,173 | 2,100 | ||
| -10,444 | 16,512 | -4,596 | 6,858 | -423 | - | ||
| 309,662 | 241,047 | 204,826 | 80,121 | 28,841 | 6,259 | ||
| 4.8% | 1.6% | - | 8.5% | 26.7% | - | ||
| 39.4% | 27.7% | 59.1% | 55.9% | 36.0% | 28.5% | ||
| 2.25 | 1.46 | 2.59 | 2.64 | 1.75 | 1.32 | ||
| 2.21 | 1.46 | 2.59 | 2.64 | 1.75 | 1.32 | ||
| 1.54 | 2.61 | 0.69 | 0.79 | 1.78 | 2.51 | ||
| 3.7% | 2.7% | 57.6% | 57.9% | 125.2% | 228.8% | ||
| 1.5% | 0.7% | 34.0% | 32.4% | 45.0% | 65.1% | ||
| 8.01 | 10.06 | over 100 | 50.77 | 72.96 | - | ||
| 177 days | 203 days | - | 31 days | 23 days | - | ||
| 80 days | 201 days | 57 days | 3 days | 14 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €37,173 |
| €1,737 | €12,390 | €13,023 | €7,435 | €3,855 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is over 3.2 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 72.3% to 60.6%. Equity is higher and debt is lower.
Ruslan Construct has no parent and no holdings in its annual accounts. is the only director. Ruslan Construct shares no director with another company.
| BILD CONCEPT
registered office since 26-10-2022 · founded in 2022 |
turnover €2.2m (2025) 0792.929.369 |
| DEMO GROUP
registered office since 09-03-2021 · founded in 2021 · accounts filed late |
turnover €1.8m (2024) 0764.843.020 |
| ED MOTOR
registered office since 13-07-2022 · founded in 2022 |
turnover €1.8m (2025) 0788.556.154 |
| LUITRADE
registered office since 14-05-2019 · founded in 2019 |
1.2 FTE (2023) 0726.753.001 |
| LIMO TRENDS
registered office since 16-11-2017 · founded in 2017 · accounts filed late |
total assets €1.5m (2024) 0684.767.837 |
| M.A. Solution
registered office since 02-12-2021 · founded in 2021 · accounts filed late |
turnover €606,633 (2025) 0777.963.952 |
| OST CONCEPT TOITURE
registered office since 02-06-2023 · founded in 2023 |
turnover €1.3m (2025) 0802.364.895 |
| ARKHE
registered office since 10-12-1987 · founded in 1987 |
turnover €1.3m (2025) 0432.804.694 |
| ANATOLI CONSTRUCT
registered office since 08-11-2022 · founded in 2022 |
turnover €1.3m (2025) 0793.406.352 |
| S&B PROF CONSTRUCT
registered office since 30-08-2022 · founded in 2022 · accounts filed late |
turnover €1.1m (2024) 0790.208.619 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Ruslan Construct was incorporated on 3 March 2020 as a private limited company by two natural persons, with a starting capital of €50.12 The registered office was moved to Sint-Pieters-Leeuw in 2023.3 is director of the company according to the deed of 22-08-2024.4 Turnover grew from €174,977 in 2021 to €946,067 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Bergensesteenweg 24 registered office 1600 Sint-Pieters-Leeuw | ||
| Glooistraat 3 2830 Willebroek | 03-03-2020 | 2.300.926.706 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23077A0118/00W082 | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |
| 12040C0473/00E000 | 461 m² | 1 · 264 m² | 7.1 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0744.678.995
If something looks wrong or is missing, please tell us.