RUSTICO
ActiveSummary
The computed 12-month bankruptcy probability of RUSTICO is 1.9% (moderate). The annual accounts of RUSTICO for fiscal year 2025 show a net loss of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €21,881 and a net result of -€74,749. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 13683 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-55
Solvency36▼-30
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.89 against 1.44 in 2024; short-term debt: 86.4% and cash: 6.1% of total assets), and 88.6% of the assets are financed with debt.
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Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.4%
Return on assets
-39%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
23 d late
2024
29 d late
2023
19 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
95 d late
← 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 37 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,881▼ 77.4%
2024 · €96,631
Total assets
€191,467▼ 18.1%
2024 · €233,742
Net result
-€74,749
2024 · €4,338
Working capital
-€18,032
2024 · €60,277
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€61,189€34,522▼ 43.6%€21,646▼ 37.3%€12,437▼ 42.5%-€69,695
Net result€55,317above the sector's middle half€30,102above the sector's middle half▼ 45.6%€15,902within the sector's middle half▼ 47.2%€4,338within the sector's middle half▼ 72.7%-€74,749below the sector's middle half
Equity€46,288within the sector's middle half€76,390within the sector's middle half▲ 65.0%€92,292above the sector's middle half▲ 20.8%€96,631above the sector's middle half▲ 4.7%€21,881within the sector's middle half▼ 77.4%
Total assets€165,121within the sector's middle half▲ 70.5%€194,889within the sector's middle half▲ 18.0%€227,290within the sector's middle half▲ 16.6%€233,742within the sector's middle half▲ 2.8%€191,467within the sector's middle half▼ 18.1%
Debt€118,833▲ 5.6%€118,499▼ 0.3%€134,998▲ 13.9%€137,111▲ 1.6%€169,585▲ 23.7%
Working capital€16,329within the sector's middle half€41,931above the sector's middle half▲ 157%€54,898above the sector's middle half▲ 30.9%€60,277above the sector's middle half▲ 9.8%-€18,032within the sector's middle half
Solvency28.0%within the sector's middle half▲ 44.3pp39.2%within the sector's middle half▲ 11.2pp40.6%within the sector's middle half▲ 1.4pp41.3%within the sector's middle half▲ 0.7pp11.4%within the sector's middle half▼ 29.9pp
Current ratio1.14within the sector's middle half▲ 0.651.37within the sector's middle half▲ 0.231.42within the sector's middle half▲ 0.051.44within the sector's middle half▲ 0.020.89within the sector's middle half▼ 0.55
Return on assets (ROA)33.5%above the sector's middle half▲ 97.8pp15.4%above the sector's middle half▼ 18.1pp7.0%within the sector's middle half▼ 8.4pp1.9%within the sector's middle half▼ 5.1pp-39.0%below the sector's middle half▼ 40.9pp
Staff (FTE)3.1▲ 40.9%3.8▲ 22.6%3.4▼ 10.5%3.7▲ 8.8%4.9▲ 32.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €69,695 after €12,437 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,467
Fixed assets
€44,070 ▲ 21.2%
Current assets
€147,397 ▼ 25.3%
Equity and liabilities €191,467
Equity
€21,881 ▼ 77.4%
Debt
€169,585 ▲ 23.7%
Debt's share of the balance-sheet total rises from 58.7% to 88.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€61,806▼
2024 · €20,034
Cash flow
-€66,860▼
2024 · €11,936
Quick ratio
0.30▼
2024 · 0.87
Debt to equity
7.75▲
2024 · 1.42
ROE
-341.6%▼
2024 · 4.5%
Interest coverage
-11.76▼
2024 · 4.08
Debt ≤ 1 year
€165,428▲
2024 · €137,111
Income taxes
€281▼
2024 · €4,048
Staff costs
€246,862▲
2024 · €152,244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,294 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €67,465 | €142,768 | €132,376 | €152,244 | €246,862 | ▲ 62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,357 | €10,653 | €9,015 | €7,597 | €7,889 | ▲ 3.8% |
| Other operating charges640/8 | €966 | €2,275 | €1,633 | €1,691 | €942 | ▼ 44.3% |
| Gross operating margin9900 | €139,977 | €190,219 | €164,670 | €173,970 | €185,998 | ▲ 6.9% |
| Operating profit (loss)9901 | €61,189 | €34,522 | €21,646 | €12,437 | -€69,695 | ▼ 660% |
| Financial income75/76B | €1 | €0 | €378 | €865 | €483 | ▼ 44.2% |
| Recurring financial income75 | €1 | €0 | €378 | €865 | €483 | ▼ 44.2% |
| Financial charges65/66B | €3,221 | €1,399 | €3,146 | €4,916 | €5,256 | ▲ 6.9% |
| Recurring financial charges65 | €3,221 | €1,399 | €3,146 | €4,916 | €5,256 | ▲ 6.9% |
| Profit (loss) for the period before taxes9903 | €57,968 | €33,123 | €18,878 | €8,387 | -€74,469 | ▼ 988% |
| Income taxes67/77 | €2,651 | €3,021 | €2,976 | €4,048 | €281 | ▼ 93.1% |
| Profit (loss) for the period9904 | €55,317 | €30,102 | €15,902 | €4,338 | -€74,749 | ▼ 1,823% |
| Profit (loss) for the period to be appropriated9905 | €55,317 | €30,102 | €15,902 | €4,338 | -€74,749 | ▼ 1,823% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,121 | €194,889 | €227,290 | €233,742 | €191,467 | ▼ 18.1% |
| Fixed assets21/28 | €35,607 | €40,108 | €43,043 | €36,354 | €44,070 | ▲ 21.2% |
| Tangible fixed assets22/27 | €34,487 | €38,988 | €41,922 | €35,234 | €42,949 | ▲ 21.9% |
| Plant, machinery and equipment23 | €10,399 | €8,394 | €6,390 | €5,162 | €13,161 | ▲ 155% |
| Furniture and vehicles24 | €6,866 | €3,650 | €1,050 | - | €3,732 | - |
| Other tangible fixed assets26 | €17,222 | €26,943 | €34,482 | €30,072 | €26,057 | ▼ 13.4% |
| Financial fixed assets28 | €1,121 | €1,121 | €1,121 | €1,121 | €1,121 | = |
| Current assets29/58 | €129,513 | €154,781 | €184,247 | €197,388 | €147,397 | ▼ 25.3% |
| Stocks and contracts in progress3 | €3,843 | €22,701 | €41,882 | €78,090 | €98,212 | ▲ 25.8% |
| Stocks30/36 | €3,843 | €22,701 | €41,882 | €78,090 | €98,212 | ▲ 25.8% |
| Amounts receivable within one year40/41 | €10,647 | €25,774 | €21,981 | €10,637 | €27,229 | ▲ 156% |
| Trade receivables40 | €7,858 | €12,939 | €6,464 | €5,862 | €15,277 | ▲ 161% |
| Other amounts receivable41 | €2,789 | €12,835 | €15,517 | €4,775 | €11,952 | ▲ 150% |
| Current investments50/53 | €2,510 | €2,510 | €92,516 | €88,122 | €2,682 | ▼ 97.0% |
| Cash at bank and in hand54/58 | €112,261 | €96,767 | €18,828 | €8,101 | €11,720 | ▲ 44.7% |
| Deferred charges and accrued income490/1 | €252 | €7,030 | €9,040 | €12,438 | €7,554 | ▼ 39.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,121 | €194,889 | €227,290 | €233,742 | €191,467 | ▼ 18.1% |
| Equity10/15 | €46,288 | €76,390 | €92,292 | €96,631 | €21,881 | ▼ 77.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €27,688 | €57,790 | €73,692 | €78,031 | €78,031 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €25,828 | €55,930 | €73,692 | €78,031 | €78,031 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€74,749 | - |
| Amounts payable17/49 | €118,833 | €118,499 | €134,998 | €137,111 | €169,585 | ▲ 23.7% |
| Amounts payable within one year42/48 | €113,184 | €112,850 | €129,349 | €137,111 | €165,428 | ▲ 20.7% |
| Trade debts44 | €6,944 | €3,656 | €9,251 | €9,063 | €43,788 | ▲ 383% |
| Suppliers440/4 | €6,944 | €3,656 | €9,251 | €9,063 | €43,788 | ▲ 383% |
| Taxes, remuneration and social security45 | €14,087 | €21,621 | €20,403 | €28,032 | €29,786 | ▲ 6.3% |
| Taxes450/3 | €9,319 | €9,946 | €10,829 | €12,120 | €11,623 | ▼ 4.1% |
| Remuneration and social security454/9 | €4,768 | €11,675 | €9,575 | €15,912 | €18,163 | ▲ 14.1% |
| Other amounts payable47/48 | €92,153 | €87,573 | €99,696 | €100,016 | €91,854 | ▼ 8.2% |
| Accrued charges and deferred income492/3 | €5,649 | €5,649 | €5,649 | - | €4,157 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,317 | €30,102 | €15,902 | €4,338 | -€74,749 | ▼ 1,823% |
| + Depreciation and write-downs630 | €10,357 | €10,653 | €9,015 | €7,597 | €7,889 | ▲ 3.8% |
| Operating cash flow (approximation) | €65,674 | €40,756 | €24,917 | €11,936 | -€66,860 | ▼ 660% |
| Investment in fixed assets (approximation) | - | -€15,154 | -€11,950 | -€908 | -€15,605 | ▼ 1,618% |
| Change in cash | - | -€15,494 | -€77,939 | -€10,727 | €3,619 | ▲ 134% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
31-12
Financial
Weakest financial yearnet -€74,749
Net result drops to -€74,749, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €55,317
Net result €55,317 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.14
Current ratio from 0.49 to 1.14.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 95 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 72 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2013
Ground area
588 m²
Building footprint
205 m²
Volume, LiDAR
1,114 m³
Parcel 24302F0117/00P004, Flanders · tallest building 15.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RUSTICO
since 20132.217.245.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302F0117/00P004 | Flanders | 588 m² | 1 · 205 m² | 15.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts CASALI 202150%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTervuren2.217.245.103
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Of 20,500 companies in this sector we hold annual accounts for 11,464. 8,955 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502401008
Also
9925:BE0502401008
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.