RUSSO FRERES
ActiveRUSSO FRERES has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €259. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
88
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-27
Solvency100▲+8
Growth76▼-9
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 1.86 in 2024), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.9%
Return on assets
0.2%
Age of the figures
8 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
27 d early
2023
on the day
2022
17 d late
2021
26 d late
2020
18 d late
2019
94 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.23M▼ 17.2%
2024 · €1.49M
2021: €793k
2022: €1.46M
2023: €1.38M
2024: €1.49M
2021 → 2025
EBIT margin
0.0%▼ 1.3pp
2024 · 1.3%
2021: 1.3%
2022: 0.6%
2023: 3.0%
2024: 1.3%
2021 → 2025
Net result
€259▼ 97.9%
2024 · €12k
2018: €-3k
2019: €14
2020: €8k
2021: €5k
2022: €4k
2023: €23k
2024: €12k
2018 → 2025
Working capital
€73k▲ 7.3%
2024 · €68k
2018: €34k
2019: €36k
2020: €39k
2021: €45k
2022: €45k
2023: €48k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€793k-€1.46M▲ 84.6%€1.38M▼ 5.6%€1.49M▲ 7.8%€1.23M▼ 17.2%
Equity€62k-€66k▲ 7.1%€71k▲ 7.3%€84k▲ 17.4%€84k▲ 0.3%
Operating result€10k-€8k▼ 22.9%€41k▲ 406%€19k▼ 52.3%€261▼ 98.7%
Net result€5k-€4k▼ 18.4%€23k▲ 432%€12k▼ 47.2%€259▼ 97.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 99% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€11k▼ 29.1%
Current assets
€116k▼ 20.9%
Equity and liabilities €127k
Equity
€84k▲ 0.3%
Debt
€43k▼ 45.0%
The debt ratio falls from 48.6% to 34.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€4k▼
2024 · €24k
Cash flow
€4k▼
2024 · €17k
Solvency
65.9%▲
2024 · 51.4%
Current ratio
2.67▲
2024 · 1.86
Quick ratio
2.67▲
2024 · 1.86
Debt / equity
0.52▼
2024 · 0.94
ROE
0.3%▼
2024 · 14.8%
ROA
0.2%▼
2024 · 7.6%
Interest coverage
62.89▼
2024 · 78.63
Debt
€43k▼
2024 · €79k
Debt ≤ 1 year
€43k▼
2024 · €79k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€163k€127k▼
Fixed assets21/28€16k€11k▼
Tangible fixed assets22/27€9k€5k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€7k€6k▼
Current assets29/58€147k€116k▼
Amounts receivable within one year40/41€91k€70k▼
Trade receivables40€55k€47k▼
Other amounts receivable41€36k€23k▼
Cash at bank and in hand54/58€48k€42k▼
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€163k€127k▼
Equity10/15€84k€84k▲
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Profit (loss) carried forward14€82k€82k▲
Amounts payable17/49€79k€43k▼
Amounts payable within one year42/48€79k€43k▼
Trade debts44€71k€36k▼
Suppliers440/4€71k€36k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€6k▼
Remuneration and social security454/9-€1k
Income statement
Code20242025
Turnover70€1.49M€1.23M▼
Goods, raw materials, services and sundry goods60/61€1.46M€1.22M▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€6k€9k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€31k€13k▼
Operating profit (loss)9901€19k€261▼
Financial income75/76B€871€65▼
Recurring financial income75€871€65▼
Financial charges65/66B€308€68▼
Recurring financial charges65€308€68▼
Profit (loss) for the period before taxes9903€20k€259▼
Income taxes67/77€8k-
Profit (loss) for the period9904€12k€259▼
Profit (loss) for the period to be appropriated9905€12k€259▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€82k▲
Profit (loss) brought forward from the previous period14P€69k€82k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €23k ▲432%
Operating result €41k, net result €23k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
31-12
Financial
Back to profitnet €14
Net result €14 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
PAOLO RUSSO
CurrentDirector · since 01-07-2024
RUSSO Giuseppe
CurrentDirector · since 28-12-2023
01-07-2024
PAOLO RUSSO: Appointed as Director
28-12-2023
RUSSO Giuseppe: Appointed as Director
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Abelville(L.L) 467100 La LouvièreGround area
153 m²
Building footprint
61 m²
Volume, LiDAR
505 m³
Parcel 55372C0059/00Y085, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Russo Frères
since 20062.158.501.804
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55372C0059/00Y085 | Wallonia | 153 m² | 1 · 61 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KRISTOF PRIEM
BE 0753.850.742
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IMMO DECOR
BE 0421.521.319
Ronse · Eq €84k
Schilderwerken M M
BE 0744.777.282
Nazareth-De Pinte · Eq €84k
BDS CONCEPT
BE 0693.799.626
Mechelen · Eq €84k
JDA Decor
BE 1017.442.502
Tielt · Eq €84k
Of 7,814 companies in sector 43341 we hold annual accounts for 2,639. 2,282 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-2006
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.