RUSU CONSTRUCT
ActiveSummary
RUSU CONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,137 and a net result of €44,729. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency65▲+5
Growth22=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.09 in 2024; short-term debt: 54.9% and cash: 28% of total assets), and 60.2% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.8%
Return on assets
25%
Age of the figures
13 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €71,137
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 04-03-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
4 d early
2023
13 d early
2022
35 d early
2021
31 d early
2020
19 d early
2019
on the day
← 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 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close26-09-2026 today31-03-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€725,567▼ 1.9%
2022 · €739,454
EBIT margin
22.8%▲ 10.6pp
2022 · 12.2%
Net result
€44,729▼ 26.8%
2024 · €61,135
Working capital
€18,103▲ 86.1%
2024 · €9,730
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€812,516▼ 6.4%€739,454▼ 9.0%€725,567▼ 1.9%
Operating result€152,238▼ 26.9%€89,998▼ 40.9%€165,429▲ 83.8%€84,042▼ 49.2%€66,803▼ 20.5%
Net result€110,848▼ 33.3%€67,734▼ 38.9%€122,276▲ 80.5%€61,135▼ 50.0%€44,729▼ 26.8%
EBIT margin18.7%▼ 5.3pp12.2%▼ 6.6pp22.8%▲ 10.6pp
Equity€142,263▼ 38.5%€59,997▼ 57.8%€57,273▼ 4.5%€68,408▲ 19.4%€71,137▲ 4.0%
Total assets€442,323▼ 22.2%€291,179▼ 34.2%€323,545▲ 11.1%€192,837▼ 40.4%€178,936▼ 7.2%
Debt€300,060▼ 11.0%€231,182▼ 23.0%€266,272▲ 15.2%€124,429▼ 53.3%€107,798▼ 13.4%
Working capital€71,774▼ 44.8%€10,976▼ 84.7%€2,620▼ 76.1%€9,730▲ 271%€18,103▲ 86.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178,936
Fixed assets
€62,527 ▼ 18.6%
Current assets
€116,408 ▲ 0.4%
Equity and liabilities €178,936
Equity
€71,137 ▲ 4.0%
Debt
€107,798 ▼ 13.4%
Debt's share of the balance-sheet total falls from 64.5% to 60.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101,259▼
2024 · €124,902
Cash flow
€79,184▼
2024 · €101,995
Current ratio
1.18▲
2024 · 1.09
Debt to equity
1.52▼
2024 · 1.82
ROE
62.9%▼
2024 · 89.4%
ROA
25.0%▼
2024 · 31.7%
Interest coverage
30.58▼
2024 · 35.38
Debt ≤ 1 year
€98,305▼
2024 · €106,264
Debt > 1 year
€9,493▼
2024 · €18,164
Income taxes
€18,763▼
2024 · €19,377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €812,516 | €739,454 | €725,567 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €611,853 | €514,149 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,301 | €36,915 | €42,827 | €40,860 | €34,455 | ▼ 15.7% |
| Other operating charges640/8 | - | €688 | €2,118 | €9,275 | €4,113 | ▼ 55.7% |
| Non-recurring operating charges66A | - | - | €1,044 | - | - | - |
| Gross operating margin9900 | €195,264 | €127,601 | €211,418 | €134,177 | €105,371 | ▼ 21.5% |
| Operating profit (loss)9901 | €152,238 | €89,998 | €165,429 | €84,042 | €66,803 | ▼ 20.5% |
| Financial income75/76B | - | €5,260 | €2 | - | €0 | - |
| Recurring financial income75 | €2,129 | €1 | €2 | - | €0 | - |
| Non-recurring financial income76B | - | €5,259 | - | - | - | - |
| Financial charges65/66B | - | €3,246 | €3,346 | €3,530 | €3,311 | ▼ 6.2% |
| Recurring financial charges65 | €3,295 | €2,774 | €3,346 | €3,530 | €3,311 | ▼ 6.2% |
| Non-recurring financial charges66B | - | €472 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €151,072 | €92,012 | €162,085 | €80,512 | €63,492 | ▼ 21.1% |
| Income taxes67/77 | €40,225 | €24,278 | €39,809 | €19,377 | €18,763 | ▼ 3.2% |
| Profit (loss) for the period9904 | €110,848 | €67,734 | €122,276 | €61,135 | €44,729 | ▼ 26.8% |
| Profit (loss) for the period to be appropriated9905 | €110,848 | €67,734 | €122,276 | €61,135 | €44,729 | ▼ 26.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442,323 | €291,179 | €323,545 | €192,837 | €178,936 | ▼ 7.2% |
| Fixed assets21/28 | €104,548 | €68,729 | €85,557 | €76,842 | €62,527 | ▼ 18.6% |
| Tangible fixed assets22/27 | €104,098 | €68,279 | €85,107 | €76,392 | €62,077 | ▼ 18.7% |
| Plant, machinery and equipment23 | - | €5,060 | €4,992 | €5,806 | €9,029 | ▲ 55.5% |
| Furniture and vehicles24 | - | €24,753 | €26,276 | €43,347 | €39,586 | ▼ 8.7% |
| Leasing and similar rights25 | - | €38,466 | €53,839 | €27,240 | €13,463 | ▼ 50.6% |
| Financial fixed assets28 | €450 | €450 | €450 | €450 | €450 | = |
| Current assets29/58 | €337,774 | €222,450 | €237,989 | €115,994 | €116,408 | ▲ 0.4% |
| Amounts receivable within one year40/41 | €169,176 | €137,142 | €152,541 | €82,509 | €63,630 | ▼ 22.9% |
| Trade receivables40 | - | €115,882 | €145,524 | €81,530 | €62,403 | ▼ 23.5% |
| Other amounts receivable41 | - | €21,260 | €7,017 | €979 | €1,227 | ▲ 25.4% |
| Cash at bank and in hand54/58 | €161,485 | €78,244 | €77,944 | €28,754 | €50,051 | ▲ 74.1% |
| Deferred charges and accrued income490/1 | - | €7,064 | €7,503 | €4,731 | €2,727 | ▼ 42.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442,323 | €291,179 | €323,545 | €192,837 | €178,936 | ▼ 7.2% |
| Equity10/15 | €142,263 | €59,997 | €57,273 | €68,408 | €71,137 | ▲ 4.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €20,460 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €103,203 | €20,937 | €18,213 | €29,348 | €32,077 | ▲ 9.3% |
| Amounts payable17/49 | €300,060 | €231,182 | €266,272 | €124,429 | €107,798 | ▼ 13.4% |
| Amounts payable after more than one year17 | €34,059 | €19,707 | €30,904 | €18,164 | €9,493 | ▼ 47.7% |
| Financial debts170/4 | - | €19,707 | €30,904 | €18,164 | €9,493 | ▼ 47.7% |
| Amounts payable within one year42/48 | €266,001 | €211,474 | €235,369 | €106,264 | €98,305 | ▼ 7.5% |
| Current portion of amounts payable after more than one year42 | - | €14,352 | €23,225 | €12,739 | €8,671 | ▼ 31.9% |
| Trade debts44 | €32,263 | €24,897 | €44,816 | €34,388 | €42,096 | ▲ 22.4% |
| Suppliers440/4 | - | €17,740 | €44,816 | €34,388 | €42,096 | ▲ 22.4% |
| Bills of exchange payable441 | - | €7,157 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €45,845 | €77,309 | €4,377 | €3,538 | ▼ 19.2% |
| Taxes450/3 | - | €45,000 | €77,309 | €4,377 | €3,538 | ▼ 19.2% |
| Remuneration and social security454/9 | - | €845 | - | - | - | - |
| Other amounts payable47/48 | - | €126,381 | €90,018 | €54,760 | €44,000 | ▼ 19.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €110,848 | €67,734 | €122,276 | €61,135 | €44,729 | ▼ 26.8% |
| + Depreciation and write-downs630 | €42,301 | €36,915 | €42,827 | €40,860 | €34,455 | ▼ 15.7% |
| Operating cash flow (approximation) | €153,149 | €104,649 | €165,103 | €101,995 | €79,184 | ▼ 22.4% |
| Investment in fixed assets (approximation) | - | -€1,095 | -€59,655 | -€32,146 | -€20,140 | ▲ 37.3% |
| Change in cash | - | -€83,241 | -€299 | -€49,191 | €21,297 | ▲ 143% |
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
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
Financial
Weakest financial yearnet €44,729 ▼26.8%
Net result drops to €44,729, the lowest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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
Registered office, Sint-Agatha-Berchem · 1 establishment unit since 2009
Ground area
206 m²
Building footprint
164 m²
Volume, LiDAR
1,741 m³
2 parcels, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
RUSU CONSTRUCT
since 20092.182.588.981
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0070/00K000 | Brussels | 105 m² | 1 · 79 m² | 13.5 m · 4 fl. |
| 21342B0071/00T002 | Brussels | 101 m² | 1 · 85 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,093 companies in sector 43240 we hold annual accounts for 1,634. 1,364 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-10-2009
Fiscal year end31-08
Activities, NACEBEL 2025
43240Other construction installation
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.