RUSU CONSTRUCT
ActiveSummary
RUSU CONSTRUCT has been active since 2009 and the Belgian Official 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 34,728 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €71,137
- Profit
- €44,729
Why 89raises riskSector: Specialised construction activities (NACE 43)lowers riskFounded in 2009Liquidity: current ratio 1.18, cash €50,051Equity €71,137 (39.8% of total assets)Show the evidence
Checked score
About 2 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 43, micro): better than 42% on solvency, 54% on liquidity, 85% on profitability and 45% on growth.
The bankruptcy probability was computed on 27-10-2026 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 7 accounts on average 18 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: Hriscu Ciprian (director)Share transfer · Shareholding ·…
- Weakest financial yearnet €44,729 ▼26.8%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
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 43, Specialised construction 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 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 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 34,693 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.2m | €0.9m | €0.8m | €0.7m | €0.7m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.6m | €0.5m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.05m | €0.04m | €0.04m | €0.04m | €0.04m | €0.03m | ▼ 15.7% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.002m | €0.009m | €0.004m | ▼ 55.7% |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | - | - | - |
| Gross operating margin9900 | €0.3m | €0.3m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 21.5% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.2m | €0.09m | €0.2m | €0.08m | €0.07m | ▼ 20.5% |
| Financial income75/76B | - | - | - | €0.005m | €2 | - | €0 | - |
| Recurring financial income75 | €0.002m | €0.003m | €0.002m | €1 | €2 | - | €0 | - |
| Non-recurring financial income76B | - | - | - | €0.005m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.003m | €0.003m | €0.004m | €0.003m | ▼ 6.2% |
| Recurring financial charges65 | €0.001m | €0.003m | €0.003m | €0.003m | €0.003m | €0.004m | €0.003m | ▼ 6.2% |
| Non-recurring financial charges66B | - | - | - | €472 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.2m | €0.09m | €0.2m | €0.08m | €0.06m | ▼ 21.1% |
| Income taxes67/77 | €0.05m | €0.04m | €0.04m | €0.02m | €0.04m | €0.02m | €0.02m | ▼ 3.2% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.1m | €0.07m | €0.1m | €0.06m | €0.04m | ▼ 26.8% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.1m | €0.07m | €0.1m | €0.06m | €0.04m | ▼ 26.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €517,827 | €568,397 | €442,323 | €291,179 | €323,545 | €192,837 | €178,936 | ▼ 7.2% |
| Fixed assets21/28 | €74,944 | €149,051 | €104,548 | €68,729 | €85,557 | €76,842 | €62,527 | ▼ 18.6% |
| Tangible fixed assets22/27 | €74,494 | €148,601 | €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 | €450 | €450 | = |
| Current assets29/58 | €442,883 | €419,346 | €337,774 | €222,450 | €237,989 | €115,994 | €116,408 | ▲ 0.4% |
| Amounts receivable within one year40/41 | €149,654 | €208,887 | €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 | €293,228 | €200,885 | €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 | €517,827 | €568,397 | €442,323 | €291,179 | €323,545 | €192,837 | €178,936 | ▼ 7.2% |
| Equity10/15 | €280,324 | €231,415 | €142,263 | €59,997 | €57,273 | €68,408 | €71,137 | ▲ 4.0% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €20,460 | €20,460 | €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 | €241,264 | €192,355 | €103,203 | €20,937 | €18,213 | €29,348 | €32,077 | ▲ 9.3% |
| Amounts payable17/49 | €237,503 | €336,982 | €300,060 | €231,182 | €266,272 | €124,429 | €107,798 | ▼ 13.4% |
| Amounts payable after more than one year17 | - | €47,729 | €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 | €237,503 | €289,253 | €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 | €134,002 | €42,726 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €187,167 | €166,091 | €110,848 | €67,734 | €122,276 | €61,135 | €44,729 | ▼ 26.8% |
| + Depreciation and write-downs630 | €38,166 | €50,634 | €42,301 | €36,915 | €42,827 | €40,860 | €34,455 | ▼ 15.7% |
| Operating cash flow (approximation) | €225,332 | €216,725 | €153,149 | €104,649 | €165,103 | €101,995 | €79,184 | ▼ 22.4% |
| Investment in fixed assets (approximation) | - | -€124,741 | €2,202 | -€1,095 | -€59,655 | -€32,146 | -€20,140 | ▲ 37.3% |
| Change in cash | - | -€92,344 | -€39,400 | -€83,241 | -€299 | -€49,191 | €21,297 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-08-2025 | micro format | 04-03-2026 | 2026-00048621 |
| 31-08-2024 | full format | 27-03-2025 | 2025-00057081 |
| 31-08-2023 | full format | 18-03-2024 | 2024-00049134 |
| 31-08-2022 | full format | 24-02-2023 | 2023-00033330 |
| 31-08-2021 | full format | 28-02-2022 | 2022-06800067 |
| 31-08-2020 | micro format | 12-03-2021 | 2021-07400384 |
| 31-08-2019 | micro format | 31-03-2020 | 2020-08200006 |
| 31-08-2018 | micro format | 27-02-2019 | 2019-06000027 |
| 31-08-2017 | micro format | 12-02-2018 | 2018-04900136 |
| 31-08-2016 | full format | 21-03-2017 | 2017-07000544 |
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
- began earlier
| Name | Functions and periods |
|---|---|
| Hriscu Ciprian |
|
Owners and capital
Capital and shareholders
- Rusu née Manciu Violeta 151 shares
- Hriscu Ciprian 10 shares
- Popa Costel 10 shares
- Carmino Lapergola 10 shares
- Rusu Marian 5 shares
- Rusu Grigore to Rusu née Manciu Violeta 108 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 02-09-2025 Capital stated in the deed · 186 shares
Group and network
Connections & network
No directors read yet: 2 of 11 Gazette acts processed.
History
Acts, filings and financial milestones
02-09
Gazette deed
Resignation: Hriscu Ciprian (director)Share transfer · Shareholding · Capital7 facts ▸
- General meeting, 21-08-2025
- Director resignation, Hriscu Ciprian (director)
- Share transfer, Rusu Grigore → Rusu née Manciu Violeta
- Shareholding, 151
- Shareholding, 10 (3 times)
- Shareholding, 5
- Capital
31-05
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal form clause · Capital conversion · Reserve release9 facts ▸
- Legal form clause, “forme du Code se rapprochant le plus de la forme actuelle, société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “limiter compte de capitaux propres statutairement indisponible à zéro et rendre solde disponible pour distribution”, 18600 (deed in French)
- Amendment of the articles
- Capital
- Board composition, RUSU (née MANCIU) Violeta (director)
- Board composition, RUSU Grigore Silviu (director)
- Board composition, HRISCU Ciprian (director)
- Power of attorney
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0820.081.946
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21342B0070/00K000 | Brussels | 105 m² | 1 · 79 m² | 13.5 m · 4 |
| 21342B0071/00T002 | Brussels | 101 m² | 1 · 85 m² | 14.7 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'Informatique en général: l'élaboration et la conception de logiciel, la vente et l'achat de matériel informatique et de bureau ainsi que…” (deed in French)
21 activities (deed in French)
- L'Informatique en général: l'élaboration et la conception de logiciel, la vente et l'achat de matériel informatique et de bureau ainsi que de consommables de bureau, l'étude de projets informatiques au sens large, et tout ce qui se rapporte directement ou indirectement à l'informatique, la consultance, la formation, la commercialisation de services cl de produits, la maintenance hardware et software
- L'entreprise générale du bâtiment, peinture, maçonnerie, électricité, toiture, chauffage, carrelage et sanitaire, ainsi que soudure
- L'entreprise de courrier express
- L'entreprise de courtage en crédits
- La vente en gros et en détail de matériaux de construction, matériel électrique cl électronique, sanitaire et plomberie
- Tous produits alimentaires tels que fruits, légumes, conserves, produits laitiers, produits de la mer, poissons, boucherie. articles de ménage et article cadeaux
- De vidéothèques, location de produits de divertissements, films et tous autres produits assimilés
- Tous textiles en général, vêtements divers, chaussures. cordonnerie, serrurerie, maroquinerie dans le sens le plus large
- Tous produits de l'artisanat en général, tapisseries, y compris les articles du tiers-monde
- Tous les articles de parfumerie, de toilette, cosmétiques, produits de beauté, maquillage, ainsi que savons et détergents
- Tous les articles d'horticulture tels que fleurs, plantes, articles de jardinage, aménagement et entretien de jardins et de pépinières
- Tous livres, antiquités, brocantes, objets de décoration, machines industrielles
- Tous appareils électroménagers. tous films de bandes magnétiques, cassettes, tous articles imprimés ou enregistrés permettant leur lecture, vision ou audition
- Tous matériels de bureau et d'informatique
- L'exploitation d'atelier de fabrication de tous produits de boulangerie et de pâtisserie, de tous produits alimentaires et non alimentaires
- L'exploitation de snack-bars, brasseries, hôtels, restaurants, tavernes, cafés ou cabarets discothèques, buffets, vestiaires pour publics, location de places, salles d'organisation, de banquet et de service traiteur
- Cyber café, centre internet
- La messagerie les services de fax, de cabines téléphoniques et de photocopies, de laboratoires de développement photos, d'atelier ce tournage, d'affûtage et de rectification de pièces mécaniques
- L'exploitation de taxis, car-wash, station service (tous carburants tels que mazout, diesel, gaz, ... ), garage avec atelier de réparation et négociant de véhicules à moteur neufs et d'occasion, établissements de démolition, entretien et dépannage, ainsi que J'achat, la "ente, l'import, l'export et/ou en détail de pièces automobiles neuves ou d'occasion et accessoires automobiles
- L’entreprise générale de nettoyage au sens le plus large, tant pour des professionnels que pour des particuliers
- L'entreprise de transport de choses et de personnes au sens large
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- RUSU CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, établir ou supprimer des sièges d’exploitation par simple décision de l’organe d’administration pour autant…” (deed in French)
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.
- “Organe d'administration, 1” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Sans recours, société ne comptant plus qu'un actionnaire libre de céder tout ou partie librement” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITRE V. ASSEMBLEE GENERALE Article 17. Tenue et convocation Il est tenu chaque année, au siège ou à l'endroit indiqué dans les…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed