Checked.be
Active
BE 0466.965.720Public limited company
RUSTERLOO
Tiengemeten 7 ·8730 Beernem, Belgium· 26 yrs active
Sector: Residential care activities
(87101)
Conclusion
RUSTERLOO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.29M and a net result of €379k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 82% of 516 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €3.29M |
| Net result | €379k |
| Staff (FTE) | 0.4 |
| Better than sector | 82% |
Financial profile
82
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
58
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1999, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€330k
estimate, not credit advice
Score history
93
2022
93
2023
90
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 12.04 (≥ 1.5)
+10
Quick ratio
Quick ratio 12.04 (≥ 1.0)
+5
Leverage
Debt/equity 0.34 (< 1.0)
+10
Profitability
ROE 12% (≥ 10%)
+10
Interest coverage
Interest coverage 99.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±0.1%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 87, Residential care activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 74.0% | 44.0% | |
| Net result | €379k | €18k | |
| Equity | €3.29M | €812k | |
| Gross operating margin | €779k | €1.96M | |
| Staff costs | €27k | €2.16M |
€746k
-0.9%
22-25
€379k
+3.7%
22-25
€612k
+6.3%
22-25
€4.45M
+3.8%
22-25
€3.29M
+11.5%
22-25
€1.88M
+29.6%
22-25
0
0.0%
22-25
€27k
+15.9%
22-25
€135k
-25.2%
22-25
€0
-100.0%
22-25
€1.10M
-13.3%
22-25
€170k
-33.3%
22-25
€867k
-8.9%
22-25
12.04
+80.1%
22-25
12.04
+80.1%
22-25
74.0%
+7.5%
22-25
0.34
-22.3%
22-25
11.5%
-7.0%
22-25
8.5%
-0.1%
22-25
99.26
+123.4%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €746k | €752k | €756k | €1.05M |
| Net profit | €379k | €365k | €369k | €594k |
| Cash flow | €612k | €576k | €574k | €797k |
| Staff costs | €27k | €23k | €22k | €24k |
| Income taxes | €135k | €181k | €182k | €187k |
| Dividends | €0 | €880k | €0 | €1.14M |
| Total assets | €4.45M | €4.28M | €4.23M | €4.01M |
| Equity | €3.29M | €2.95M | €3.46M | €3.10M |
| Debt | €1.10M | €1.27M | €695k | €841k |
| of which ≤ 1y | €170k | €255k | €351k | €395k |
| of which > 1y | €867k | €952k | €254k | €429k |
| Working capital | €1.88M | €1.45M | €1.26M | €860k |
| Employees (FTE) | 0.4 | 0.4 | 0.4 | 0.4 |
Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 12.04 | 6.68 | 4.58 | 3.18 |
| Quick ratio | 12.04 | 6.68 | 4.58 | 3.18 |
| Working capital ratio | 42.3% | 33.9% | 29.7% | 21.5% |
| Solvency | 74.0% | 68.9% | 82.0% | 77.2% |
| Debt / equity | 0.34 | 0.43 | 0.20 | 0.27 |
| Long-term debt ratio | 0.26 | 0.32 | 0.07 | 0.14 |
| Interest coverage | 99.26 | 44.43 | 36.43 | 227.15 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 8.5% | 8.5% | 8.7% | 14.8% |
| ROE | 11.5% | 12.4% | 10.6% | 19.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €4.45M | €4.28M | €4.23M | €4.01M |
| Fixed assets | 21/28 | €2.40M | €2.58M | €2.62M | €2.75M |
| Tangible fixed assets | 22/27 | €2.39M | €2.58M | €2.62M | €2.75M |
| Financial fixed assets | 28 | €190 | €190 | €190 | €190 |
| Current assets | 29/58 | €2.05M | €1.71M | €1.61M | €1.25M |
| Amounts receivable within one year | 40/41 | €231k | €245k | €75k | €118k |
| Investments | 50/53 | €163k | €100k | €100k | €100k |
| Cash & bank | 54/58 | €921k | €652k | €700k | €310k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.45M | €4.28M | €4.23M | €4.01M |
| Equity | 10/15 | €3.29M | €2.95M | €3.46M | €3.10M |
| Contributions / capital | 10/11 | €162k | €162k | €162k | €162k |
| Reserves | 13 | €3.13M | €2.79M | €3.30M | €2.93M |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €0 |
| Provisions & deferred taxes | 16 | €51k | €59k | €66k | €72k |
| Amounts payable | 17/49 | €1.10M | €1.27M | €695k | €841k |
| Amounts payable after one year | 17 | €867k | €952k | €254k | €429k |
| Amounts payable within one year | 42/48 | €170k | €255k | €351k | €395k |
| Trade debts payable within one year | 44 | €39k | €23k | €44k | €38k |
| Income statement | |||||
| Gross operating margin | 9900 | €779k | €810k | €784k | €1.08M |
| Operating result | 9901 | €513k | €542k | €551k | €843k |
| Financial income | 75 | €906 | €14k | €14k | €14k |
| Financial charges | 65 | €8k | €17k | €21k | €5k |
| Result before taxes | 9903 | €506k | €539k | €544k | €853k |
| Income taxes | 67/77 | €135k | €181k | €182k | €187k |
| Net result for the period | 9904 | €379k | €365k | €369k | €594k |
| Result to be appropriated | 9905 | €403k | €385k | €388k | €378k |
Legal Structure
| NACE primary | Residential care activities(87101) |
| Legal form | Public limited company(014) |
| Incorporation | 01-10-1999 |
| Status | Active |
| Postal code | 8730 |
Establishment units
Tiengemeten 7, 8730 Beernem
since 19992.093.035.019
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003D0030/00Z018 | Flanders | 1,048 m² | 1 · 138 m² | 6.8 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €365k ▼0.9%
Net result drops to €365k, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 121 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 88 days late
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 152 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Residential care activities87101
Names & trade names
| Legal nameNL | RUSTERLOO |
Similar companies
GEROSIN
BE 0423.518.727 · Kuurne
RESIDENTIE KASTEELHOF
BE 0842.138.063 · Dendermonde
LES CHARMES EN FAMENNE
BE 0477.175.662 · Houyet
ASSOCIATION NOTRE-DAME
BE 0462.523.219 · Namur
HEUVERVELD
BE 0698.838.775 · Waasmunster