RUSTOORD
InactiveRUSTOORD was declared bankrupt on 06-03-2023 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed for insufficient assets by judgment of 20-10-2025, published in the Belgian State Gazette on 24-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline25-09-2026 today
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 09-10-2020, 70 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, abbreviated schema
Equity
€359k▲ 1.0%
2018 · €355k
2018: €355k
2019: €359k▲ +1.0% vs 2018
2018 → 2019
Total assets
€380k▲ 1.6%
2018 · €374k
2018: €374k
2019: €380k▲ +1.6% vs 2018
2018 → 2019
Net result
€4k▲ 13.9%
2018 · €3k
2018: €3k
2019: €4k▲ +13.9% vs 2018
2018 → 2019
Working capital
€232k▲ 4.7%
2018 · €222k
2018: €222k
2019: €232k▲ +4.7% vs 2018
2018 → 2019
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€355k-€359k▲ 1.0%
2018: €355k
2019: €359k▲ +1.0% vs 2018
Operating result€-13k-€-14k▼ 5.4%
2018: €-13k
2019: €-14k▼ -5.4% vs 2018
Net result€3k-€4k▲ 13.9%
2018: €3k
2019: €4k▲ +13.9% vs 2018
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2019 against €13k in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €380k
Fixed assets
€132k ▼ 8.3%
Current assets
€248k ▲ 7.9%
Equity and liabilities €380k
Equity
€359k ▲ 1.0%
Provisions
€6k ▼ 47.2%
Debt
€16k ▲ 98.4%
Debt's share of the balance-sheet total rises from 2.1% to 4.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-2k▼
2018 · €2k
Cash flow
€16k▼
2018 · €18k
Current ratio
15.97▼
2018 · 29.37
ROE
1.0%▲
2018 · 0.9%
ROA
1.0%▲
2018 · 0.9%
Debt ≤ 1 year
€16k▲
2018 · €8k
Income taxes
€7k▲
2018 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 23 lines
Balance sheet
Code20182019
Assets
Total assets20/58€374k€380k▲
Fixed assets21/28€145k€132k▼
Tangible fixed assets22/27€145k€132k▼
Current assets29/58€230k€248k▲
Amounts receivable within one year40/41€229k€243k▲
Cash at bank and in hand54/58€555€5k▲
Equity and liabilities
Total equity and liabilities10/49€374k€380k▲
Equity10/15€355k€359k▲
Contributions10/11€62k€62k=
Reserves13€293k€297k▲
Provisions and deferred taxes16€11k€6k▼
Amounts payable17/49€8k€16k▲
Amounts payable within one year42/48€8k€16k▲
Trade debts44€685€968▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€12k▼
Gross operating margin9900€3k€-1k▼
Operating profit (loss)9901€-13k€-14k▼
Recurring financial income75€18k€20k▲
Recurring financial charges65€24€26▲
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€13k€14k▲
Accounts by statement
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €12k | ▼ 20.2% |
| Gross operating margin9900 | €3k | €-1k | ▼ 138% |
| Operating profit (loss)9901 | €-13k | €-14k | ▼ 5.4% |
| Recurring financial income75 | €18k | €20k | ▲ 8.1% |
| Recurring financial charges65 | €24 | €26 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €5k | €6k | ▲ 15.3% |
| Income taxes67/77 | €7k | €7k | ▲ 4.6% |
| Profit (loss) for the period9904 | €3k | €4k | ▲ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €13k | €14k | ▲ 3.3% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €374k | €380k | ▲ 1.6% |
| Fixed assets21/28 | €145k | €132k | ▼ 8.3% |
| Tangible fixed assets22/27 | €145k | €132k | ▼ 8.3% |
| Current assets29/58 | €230k | €248k | ▲ 7.9% |
| Amounts receivable within one year40/41 | €229k | €243k | ▲ 6.1% |
| Cash at bank and in hand54/58 | €555 | €5k | ▲ 735% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €374k | €380k | ▲ 1.6% |
| Equity10/15 | €355k | €359k | ▲ 1.0% |
| Contributions10/11 | €62k | €62k | = |
| Reserves13 | €293k | €297k | ▲ 1.2% |
| Provisions and deferred taxes16 | €11k | €6k | ▼ 47.2% |
| Amounts payable17/49 | €8k | €16k | ▲ 98.4% |
| Amounts payable within one year42/48 | €8k | €16k | ▲ 98.4% |
| Trade debts44 | €685 | €968 | ▲ 41.3% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €4k | ▲ 13.9% |
| + Depreciation and write-downs630 | €15k | €12k | ▼ 20.2% |
| Operating cash flow (approximation) | €18k | €16k | ▼ 14.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €4k | - |
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
2025
24-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Brugge · event 20-10-2025
2023
10-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 06-03-2023
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 31 days late
2012
13-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 13 days late
2011
15-06
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
SignalNBB filing
0 of 6 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN MERMUYS DORPSSTRAAT 76 BUS 3,
8490 JABBEKE |
06-03-2023 → 20-10-2025 |