RUSTY RED
ActiveSummary
RUSTY RED has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,613 and a net result of €56,149. Its solvency ranks better than 72% of 39,184 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €110,613
- Profit
- €56,149
Why 98raises riskFounded in 2023lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.34, cash €60,058Equity €110,613 (75.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 86% on solvency, 84% on liquidity, 84% on profitability and 89% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 47 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €100,000equity €110,613 ▲103%
- Appointment: Alexia De Breuck (director)Gazette deed
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €389 | €1,254 | ▲ 222% |
| Other operating charges640/8 | €9,650 | €2,304 | ▼ 76.1% |
| Gross operating margin9900 | €87,049 | €79,348 | ▼ 8.8% |
| Operating profit (loss)9901 | €77,010 | €75,789 | ▼ 1.6% |
| Financial income75/76B | €288 | €1 | ▼ 99.7% |
| Recurring financial income75 | €288 | €1 | ▼ 99.7% |
| Financial charges65/66B | €4,245 | €620 | ▼ 85.4% |
| Recurring financial charges65 | €4,245 | €620 | ▼ 85.4% |
| Profit (loss) for the period before taxes9903 | €73,053 | €75,171 | ▲ 2.9% |
| Income taxes67/77 | €19,588 | €19,022 | ▼ 2.9% |
| Profit (loss) for the period9904 | €53,465 | €56,149 | ▲ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €53,465 | €56,149 | ▲ 5.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €94,483 | €146,010 | ▲ 54.5% |
| Fixed assets21/28 | €10,023 | €63,335 | ▲ 532% |
| Tangible fixed assets22/27 | €10,023 | €33,335 | ▲ 233% |
| Furniture and vehicles24 | €1,842 | €25,153 | ▲ 14× |
| Other tangible fixed assets26 | €8,182 | €8,182 | = |
| Financial fixed assets28 | - | €30,000 | - |
| Current assets29/58 | €84,459 | €82,676 | ▼ 2.1% |
| Amounts receivable within one year40/41 | - | €17,857 | - |
| Trade receivables40 | - | €17,857 | - |
| Cash at bank and in hand54/58 | €80,215 | €60,058 | ▼ 25.1% |
| Deferred charges and accrued income490/1 | €4,244 | €4,760 | ▲ 12.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €94,483 | €146,010 | ▲ 54.5% |
| Equity10/15 | €54,465 | €110,613 | ▲ 103% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €53,465 | €109,613 | ▲ 105% |
| Distributable reserves133 | €53,465 | €109,613 | ▲ 105% |
| Amounts payable17/49 | €40,018 | €35,397 | ▼ 11.5% |
| Amounts payable within one year42/48 | €40,018 | €35,369 | ▼ 11.6% |
| Trade debts44 | €1,167 | €1,262 | ▲ 8.1% |
| Suppliers440/4 | €1,167 | €1,262 | ▲ 8.1% |
| Taxes, remuneration and social security45 | €23,474 | €30,096 | ▲ 28.2% |
| Taxes450/3 | €23,474 | €30,096 | ▲ 28.2% |
| Other amounts payable47/48 | €15,377 | €4,011 | ▼ 73.9% |
| Accrued charges and deferred income492/3 | - | €28 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €53,465 | €56,149 | ▲ 5.0% |
| + Depreciation and write-downs630 | €389 | €1,254 | ▲ 222% |
| Operating cash flow (approximation) | €53,854 | €57,402 | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€54,565 | - |
| Change in cash | - | -€20,157 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-06-2026 | 2026-00167081 |
| 31-12-2024 | micro format | 11-06-2025 | 2025-00130088 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CLAES Mathias Louis Michel |
|
| Alexia De Breuck |
|
Owners and capital
Capital and shareholders
- CLAES Mathias Louis Michel 100 shares (100%) · €1,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 30-06-2023 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
3 board mandatesHistory
On 28 June 2023, RUSTY RED was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 Of the 2 current board members, CLAES Mathias Louis Michel has served longest, since 2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
19-12
Gazette deed
Appointment: Alexia De Breuck (director)2 facts ▸
- General meeting, 01-11-2025
- Director appointment, Alexia De Breuck (director (not named in the articles))
30-06
Gazette deed
IncorporationAppointment: CLAES Mathias Louis Michel (director) · Board rule · Registered office clause17 facts ▸
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, CLAES Mathias Louis Michel (director)
- Registered office clause, “2540 Hove, De Ster 24” (deed in Dutch)
- Board rule, 1
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Other provision, “oprichtingskosten”, 1210 (deed in Dutch)
- Power of attorney, Katrien Honinckx
- Other provision, “toelatingen voor voorwerp, in uitvoering van voorwerp kan vennootschap verplicht zijn nodige voorafgaande toelatingen of vergunningen te bekomen of bepaalde voo…” (deed in Dutch)
- Other provision, “tegenstrijdige belangen en onevenwichtige bedingen, artikel 9 §1 alinea's 2 en 3 Organieke Wet Notariaat” (deed in Dutch)
- Founder, CLAES Mathias Louis Michel
- Incorporation, “RUSTY RED” (deed in Dutch)
- Founding capital, €1,000
- +5 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11021A0022/00F007 | Flanders | 530 m² | 1 · 82 m² | 9.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer en in stand houden van roerende en…” (deed in Dutch)
10 activities (deed in Dutch)
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer en in stand houden van roerende en onroerende goederen, onder meer door verhuring en andere overeenkomsten met derden in verband met hun gebruik en genot.
- De vennootschap mag onder meer roerende en onroerende goederen verwerven, laten maken, laten opschikken, laten uitrusten, laten opbouwen, met het oog op beheer en opbrengst en met het oog op verkoop en wederverkoop; zij mag onroerende en roerende goederen vervreemden met het oog op de wederbelegging en opbrengst.
- Het verlenen van bijstand en hulp onder hun meest verschillende vormen aan derden, bijvoorbeeld andere vennootschappen en/of eenmanszaken, en dit op het vlak van het beheer, de controle, het toezicht, de organisatie, de administratie, het waarnemen van mandaten als bestuurder, zaakvoerder, vereffenaar, enzovoort; het verlenen van adviezen en intellectuele bijstand, het ter beschikking stellen aan derden onder welke vorm ook van benodigdheden, materiaal, instrumenten, hard- en software, het uitvoeren in verband met hetgeen voorafgaat van concrete projecten, het dienstbetoon inzake organisatie en toepassing van de meest verschillende wetgevingen, het ter beschikking stellen van management, het uitoefenen van bedrijfsleiding en het organiseren ervan,
- Alsook het waarnemen van het beheer op alle niveaus, zowel voor eigen rekening als voor rekening van of in deelneming met derden, van handels-, nijverheids- of andere ondernemingen, bestaande onder om het even welke vorm, en dit zonder enige beperking.
- In het algemeen beschikt de vennootschap over de volledige rechtsbevoegdheid om alle handelingen uit te voeren die een directe of indirecte relatie hebben met haar voorwerp of die de verwezenlijking van dit voorwerp direct of indirect, geheel of gedeeltelijk zouden vergemakkelijken.
- De vennootschap kan een belang nemen, door middel van vereniging, bijdrage, fusie, financiële tussenkomst of andere wijze, in een bedrijf, vereniging of onderneming waarvan het voorwerp identiek, vergelijkbaar of gerelateerd is aan haar eigen voorwerp of die de ontwikkeling van de vennootschap in alle waarschijnlijkheid kan bevorderen of een bron van zaken voor haar kan betekenen.
- De vennootschap kan alle commerciële, industriële, financiële, roerende of onroerende transacties uitvoeren die rechtstreeks of onrechtstreeks verband houden met haar voorwerp.
- De vennootschap kan in het bijzonder optreden als borgsteller en persoonlijke of zakelijke zekerheden toekennen ten gunste van een persoon of onderneming, al dan niet gerelateerd.
- De vennootschap kan ook de functie van bestuurder, zaakvoerder of vereffenaar in andere vennootschappen uitoefenen.
- In het geval de verrichting van bepaalde handelingen zou onderworpen zijn aan voorafgaande voorwaarden inzake toegang tot het beroep, zal de vennootschap haar optreden, wat betreft de verrichting van deze handelingen, aan de vervulling van deze voorwaarden ondergeschikt maken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- RUSTY RED
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene kosten, Hij” (deed in Dutch)“Algemene vergadering, algemene vergadering” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 14:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Besluiten over ontbinding of in agenda aangekondigde continuïteitsmaatregelen, overeenkomstig Wetboek van vennootschappen en verenigingen” (deed in Dutch)