Equity
Equity fell by 79% in 6 years.
Equity fell by 79% in 6 years.
The accounts state no turnover.
Of this, €886,011 falls due within a year.
In 2026, 22 people joined and 21 left.
The 2019 accounts came latest: 49 days after the end of the period.
Higher gross margin than 95% of companies in retail trade. Sector median €45,591 · 743 companies.
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 22% of them on solvency, 6% on liquidity, 27% on profitability and 23% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-01-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 912 companies had the same profile as RUSTICUS has now. Each dot stands for 3 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RUSTICUS itself is lower: 0.3% within 12 months. It rests on far more data about RUSTICUS than the profile alone.
The method was tested on the 497,447 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 912 companies, not a prediction for RUSTICUS. 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.
Liquidity is insufficient, with a current ratio of 0.89 (0.92 in 2025), below 1. Short-term debt is 90.9% and cash 3.5% of total assets. 95.3% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RUSTICUS Flémalle | €1.0m | €440,303 | 4.7% | - |
| Boussu Bricolage Boussu | €1.0m | €436,317 | 17.8% | 6.2 |
| JAY CONSTRUCT Ninove | €0.9m | €384,955 | 9.3% | 7.1 |
| EXPOSITO DHZ Berlare | €0.9m | €414,211 | -7.5% | 9.9 |
| Valo Service Wingene | €1.0m | €383,619 | 58.2% | 2.5 |
| BRICCS Scherpenheuvel-Zichem | €0.7m | €348,162 | 27.2% | 6.8 |
| CERAM Découpe Fleurus | €1.1m | €570,112 | 33.6% | 8.8 |
These companies have the same main activity as RUSTICUS: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €733,000 and €1.1m, founded between 2013 and 2015.
RUSTICUS files the micro format. That format states no turnover. The gross margin fell from €485,548 in 2016 to €440,303 in 2026.
LAUREATUS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.3m. Estimated: probably between €1.6m and €3.5m.
Higher than 25% of 22,909 companies in 2025.
Higher than 27% of 22,039 companies in 2025.
Higher than 34% of 22,189 companies in 2025.
Staff costs divided by the average number of full-time equivalents.
In 2026, 22 people joined and 21 left. Training hours in 2026: 959.
| Line | Trend | 2026 | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
974,372 | 1.1m | 1.2m | 1.4m | 1.3m | 1.4m | 1.3m | 1.4m | 1.7m | 1.7m | |
20 |
- | - | 544 | 2,891 | 5,057 | 7,223 | 9,495 | 11,976 | 18,113 | 31,550 | |
21/28 |
187,986 | 230,502 | 316,051 | 293,529 | 212,849 | 242,865 | 289,734 | 357,370 | 430,004 | 508,298 | |
22/27 |
187,681 | 230,197 | 315,746 | 293,224 | 210,544 | 240,560 | 286,429 | 355,065 | 428,699 | 507,993 | |
23 |
17,763 | 29,040 | 40,106 | 52,313 | 7,615 | 11,423 | 14,724 | 24,818 | 40,852 | 60,797 | |
24 |
29,653 | 40,739 | 78,686 | 108,500 | 103,866 | 109,506 | 125,553 | 157,573 | 195,103 | 232,164 | |
25 |
2,850 | 2,894 | 3,168 | 4,617 | 5,954 | - | - | - | - | - | |
26 |
137,415 | 157,523 | 193,786 | 127,795 | 93,110 | 119,631 | 146,152 | 172,673 | 192,745 | 215,032 | |
28 |
305 | 305 | 305 | 305 | 2,305 | 2,305 | 3,305 | 2,305 | 1,305 | 305 | |
29/58 |
786,386 | 877,577 | 853,967 | 1.1m | 1.1m | 1.1m | 994,482 | 1.1m | 1.2m | 1.2m | |
3 |
661,693 | 692,169 | 639,360 | 784,378 | 855,475 | 778,114 | 840,201 | 852,944 | 826,423 | 853,852 | |
30/36 |
661,693 | 692,169 | 639,360 | 784,378 | 855,475 | 778,114 | 840,201 | 852,944 | 826,423 | 853,852 | |
40/41 |
71,015 | 123,885 | 161,598 | 134,556 | 85,618 | 233,541 | 93,408 | 104,084 | 306,342 | 227,507 | |
40 |
71,015 | 123,885 | 159,648 | 31,239 | 72,372 | 201,445 | 65,426 | 65,307 | 180,447 | 77,743 | |
41 |
- | - | 1,950 | 103,317 | 13,246 | 32,096 | 27,982 | 38,776 | 125,896 | 149,764 | |
54/58 |
34,480 | 40,334 | 31,127 | 132,942 | 109,247 | 111,526 | 42,605 | 99,265 | 83,988 | 99,609 | |
490/1 |
19,198 | 21,188 | 21,883 | 21,687 | 19,516 | 18,262 | 18,268 | 18,368 | 19,357 | 15,854 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
974,372 | 1.1m | 1.2m | 1.4m | 1.3m | 1.4m | 1.3m | 1.4m | 1.7m | 1.7m | |
10/15 |
45,979 | 54,035 | 52,598 | 131,041 | 140,415 | 215,707 | 48,567 | 124,198 | 177,413 | 145,860 | |
10/11 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
100 |
- | - | - | - | - | - | 125,000 | 125,000 | 125,000 | 125,000 | |
13 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |
130/1 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | - | - | - | - | |
130 |
- | - | - | - | - | - | 12,500 | 12,500 | 12,500 | 12,500 | |
1311 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | - | - | - | - | |
14 |
-91,521 | -83,465 | -84,902 | -6,459 | 2,915 | 78,207 | -88,933 | -13,302 | 39,913 | 8,360 | |
16 |
- | 32,000 | 32,000 | 16,000 | 60,000 | 45,000 | 30,000 | 45,000 | - | - | |
160/5 |
- | 32,000 | 32,000 | 16,000 | 60,000 | 45,000 | 30,000 | 45,000 | - | - | |
164/5 |
- | 32,000 | 32,000 | 16,000 | 60,000 | 45,000 | 30,000 | 45,000 | - | - | |
17/49 |
928,393 | 1.0m | 1.1m | 1.2m | 1.1m | 1.1m | 1.2m | 1.3m | 1.5m | 1.6m | |
17 |
38,912 | 58,206 | 76,851 | 23,510 | 544,997 | 714,328 | 823,381 | 946,031 | 1.0m | 1.1m | |
170/4 |
38,912 | 58,206 | 76,851 | 23,510 | 279,997 | 399,328 | 473,381 | 446,031 | 531,372 | 615,469 | |
178/9 |
- | - | - | - | 265,000 | 315,000 | 350,000 | 500,000 | 500,000 | 500,000 | |
42/48 |
886,011 | 957,228 | 996,042 | 1.2m | 508,025 | 352,081 | 346,897 | 327,933 | 453,751 | 473,723 | |
42 |
19,295 | 20,158 | 40,385 | 30,779 | 159,331 | 147,408 | 121,136 | 105,341 | 104,097 | 119,544 | |
43 |
375,000 | 375,000 | 375,000 | 300,000 | - | - | - | - | 170,000 | 170,000 | |
430/8 |
375,000 | 375,000 | 375,000 | 300,000 | - | - | - | - | 170,000 | 170,000 | |
44 |
362,032 | 306,503 | 291,468 | 466,466 | 144,757 | 34,820 | 159,332 | 171,149 | 126,425 | 137,083 | |
440/4 |
362,032 | 306,503 | 291,468 | 466,466 | 144,757 | 34,820 | 159,332 | 171,149 | 126,425 | 137,083 | |
45 |
53,502 | 102,477 | 54,174 | 63,037 | 81,204 | 74,920 | 41,867 | 44,181 | 46,431 | 42,917 | |
450/3 |
2,517 | 10,991 | 7,023 | 19,599 | 45,003 | 52,969 | 10,157 | 13,848 | 7,327 | 14,020 | |
454/9 |
50,985 | 91,485 | 47,151 | 43,438 | 36,201 | 21,950 | 31,710 | 30,333 | 39,104 | 28,897 | |
47/48 |
76,182 | 153,090 | 235,016 | 332,990 | 122,734 | 94,934 | 24,562 | 7,261 | 6,798 | 4,179 | |
492/3 |
3,471 | 6,609 | 13,071 | 6,160 | 34,325 | 64,415 | 44,866 | 844 | 21,690 | 1,618 | |
| Income statement | |||||||||||
76A |
- | - | - | 29 | 2,782 | 3,466 | 7,064 | 53 | 2,646 | 1,853 | |
9900 |
440,303 | 509,095 | 447,737 | 368,874 | 419,626 | 596,370 | 264,740 | 326,723 | 387,739 | 485,548 | |
62 |
397,478 | 382,187 | 380,075 | 323,571 | 257,820 | 212,542 | 216,885 | 199,254 | 195,109 | 249,525 | |
630 |
46,253 | 84,031 | 94,684 | 69,592 | 61,824 | 59,355 | 71,389 | 93,701 | 99,560 | 164,271 | |
635/8 |
-32,000 | - | 16,000 | -44,000 | 15,000 | 15,000 | -15,000 | 45,000 | - | - | |
640/8 |
4,853 | 5,002 | 4,596 | 4,639 | 15,445 | 4,121 | 34,156 | 3,347 | 5,311 | 1,528 | |
66A |
- | - | 161 | - | 11,359 | 2,469 | 2,278 | 1,973 | 1,052 | 2,384 | |
9901 |
23,719 | 37,875 | -47,779 | 15,071 | 58,177 | 302,884 | -44,967 | -16,552 | 86,708 | 67,840 | |
75/76B |
3,422 | 3,146 | 5,799 | 3,328 | 12,730 | 8,379 | 5,272 | 6,665 | 10,028 | 18,319 | |
75 |
3,422 | 3,146 | 5,799 | 3,328 | 12,730 | 8,379 | 5,272 | 6,665 | 10,028 | 18,319 | |
65/66B |
35,196 | 39,530 | 36,473 | 28,202 | 29,448 | 36,296 | 35,787 | 43,217 | 47,991 | 65,064 | |
65 |
35,196 | 39,530 | 36,473 | 28,202 | 29,448 | 36,296 | 35,787 | 43,217 | 47,991 | 65,064 | |
9903 |
-8,056 | 1,491 | -78,452 | -9,803 | 41,459 | 274,968 | -75,481 | -53,105 | 48,745 | 21,095 | |
67/77 |
- | 54 | -10 | -428 | 16,750 | 32,828 | 149 | 110 | 17,192 | 235 | |
9904 |
-8,056 | 1,437 | -78,442 | -9,375 | 24,709 | 242,139 | -75,631 | -53,215 | 31,553 | 20,860 | |
9905 |
-8,056 | 1,437 | -78,442 | -9,375 | 24,709 | 242,139 | -75,631 | -53,215 | 31,553 | 20,860 | |
| Appropriation of the result | |||||||||||
9906 |
-91,521 | -83,465 | -84,902 | -6,459 | 102,915 | 153,207 | -88,933 | -13,302 | 39,913 | 20,860 | |
14P |
-83,465 | -84,902 | -6,459 | 2,915 | 78,207 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 12,500 | |
6920 |
- | - | - | - | - | - | - | - | - | 12,500 | |
694/7 |
- | - | - | - | 100,000 | 75,000 | - | - | - | - | |
694 |
- | - | - | - | 100,000 | - | - | - | - | - | |
695 |
- | - | - | - | - | 75,000 | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
10.8 | 9.8 | 9.4 | 10.9 | 7.5 | 6.7 | 8.5 | 7.2 | 7.9 | 6.9 | |
Hours worked1013 |
17,811 | 15,835 | 17,267 | 16,533 | 12,462 | 11,291 | 14,446 | 12,205 | 13,337 | 12,574 | |
| Document | |||||||||||
The notes to these accounts have 7 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 2026 at the NBB, filed on 09-09-2026.
2026 annual accounts filed 9 days after the deadline. Filed on 9 September 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00509406.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-01-2026 | micro format | 09-09-2026 | 2026-00509406 | |
| 31-01-2025 | full format | 24-07-2025 | 2025-00310032 | |
| 31-01-2024 | micro format | 26-08-2024 | 2024-00372198 | |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00120369 | |
| 31-12-2021 | full format | 02-07-2022 | 2022-20125105 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-57500349 | |
| 31-12-2019 | micro format | 18-09-2020 | 2020-53900512 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57400195 | |
| 31-12-2017 | full format | 02-07-2018 | 2018-28500171 | |
| 31-12-2016 | full format | 20-07-2017 | 2017-34200308 |
| Line | Trend | 2026 | 2025 | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 69,971 | 121,906 | 46,906 | 84,664 | 120,001 | 362,238 | 26,422 | 77,149 | 186,268 | 232,111 | ||
| 38,197 | 85,468 | 16,242 | 60,218 | 86,533 | 301,494 | -4,242 | 40,486 | 131,113 | 185,132 | ||
| 3,737 | 6,932 | 118,126 | 154,394 | 30,237 | 11,214 | 1,272 | 14,930 | 7,829 | 650,174 | ||
| -5,854 | 9,207 | - | 23,695 | -2,279 | 68,921 | -56,660 | 15,277 | -15,621 | - | ||
| -99,624 | -79,651 | -142,075 | -119,709 | 561,831 | 789,361 | 647,585 | 746,728 | 782,359 | 723,099 | ||
| 4.7% | 4.9% | 4.5% | 9.6% | 10.9% | 15.5% | 3.8% | 8.6% | 10.5% | 8.4% | ||
| 0.89 | 0.92 | 0.86 | 0.90 | 2.11 | 3.24 | 2.87 | 3.28 | 2.72 | 2.53 | ||
| 0.14 | 0.19 | 0.22 | 0.24 | 0.42 | 1.03 | 0.44 | 0.68 | 0.90 | 0.72 | ||
| 20.19 | 18.91 | 20.65 | 9.33 | 7.74 | 5.24 | 25.02 | 10.26 | 8.49 | 10.91 | ||
| -17.5% | 2.7% | -149.1% | -7.2% | 17.6% | 112.3% | -155.7% | -42.8% | 17.8% | 14.3% | ||
| -0.8% | 0.1% | -6.7% | -0.7% | 1.9% | 17.4% | -5.8% | -3.7% | 1.9% | 1.2% | ||
| 1.99 | 3.08 | 1.29 | 3.00 | 4.07 | - | - | - | - | - |
EBIT margin: not included in this filing.
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 | 31-01-2026 | 31-01-2025 | 31-01-2024 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 15 | 14 | 12 | 10 | 7 |
| full-time | 9 | 6 | 7 | 7 | 6 |
| part-time | 6 | 8 | 5 | 3 | 1 |
| in full-time equivalents | 11.3 | 9.5 | 8.3 | 8.6 | 6.6 |
| 10.8 | 9.8 | 9.4 | 10.9 | 7.5 | |
| On a permanent contract | 5 | 6 | 6 | 3 | 3 |
| Joined | 22 | 23 | 30 | 40 | 6 |
| Left | 21 | 21 | 27 | 37 | 7 |
| Training hours | 959 | - | 314 | 610 | 162 |
Source: social balance sheet in the 2021 to 2026 annual accounts
| Item | 31-01-2026 | 31-01-2025 | 31-01-2024 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,737 | €6,932 | €118,126 | €154,394 | €30,237 |
| €46,253 | €84,031 | €94,684 | €69,592 | €61,824 |
Source: notes to the 2021 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 37% lower than in 2025.
Debt's share of the balance-sheet total rises from 92.2% to 95.3%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of LAUREATUS. Every holding stands with its own latest accounts.
Deadline for the 2027 accounts: 31-08-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Rue des Hêtres 17 registered office 4400 Flémalle | |||
| Brico Mettet Rue Hennevauche 76, 5640 Mettet | 08-06-2015 | 2.242.432.043 | Retailing ornamental plants and propagating material not requiring plant passports Retailer of fertilizers Retailer of pesticides Food outlet - food>3 months |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92087I0182/00G000 | 4,524 m² | 1 · 2,503 m² | 7.3 m · 2 |
| 62083C0895/00F004 | 2,158 m² | 1 · 187 m² | 6.5 m · 2 |
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