RUTSAERT
ActiveRUTSAERT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €586k and a net result of €78k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 7318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-34
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 4.74 against 4.48 in 2024), and 20.3% of the assets are financed with debt.
Credit advice for your own amount and term
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
79.7%
Return on assets
10.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
26 d late
2023
20 d late
2022
25 d late
2021
28 d late
2020
26 d late
2019
102 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€586k▲ 0.6%
2024 · €583k
2018: €373k
2019: €391k
2020: €430k
2021: €447k
2022: €486k
2023: €507k
2024: €583k
2018 → 2025
Total assets
€735k=
2024 · €735k
2018: €441k
2019: €513k
2020: €565k
2021: €616k
2022: €631k
2023: €623k
2024: €735k
2018 → 2025
Net result
€78k▼ 42.0%
2024 · €134k
2018: €44k
2019: €59k
2020: €74k
2021: €61k
2022: €45k
2023: €65k
2024: €134k
2018 → 2025
Working capital
€558k▲ 5.2%
2024 · €530k
2018: €371k
2019: €389k
2020: €429k
2021: €446k
2022: €450k
2023: €427k
2024: €530k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€447k-€486k▲ 8.8%€507k▲ 4.4%€583k▲ 14.9%€586k▲ 0.6%
Operating result€83k-€59k▼ 28.2%€91k▲ 53.5%€191k▲ 109%€108k▼ 43.4%
Net result€61k-€45k▼ 26.2%€65k▲ 45.7%€134k▲ 105%€78k▼ 42.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €735k
Fixed assets
€28k▼ 46.5%
Current assets
€707k▲ 3.6%
Equity and liabilities €735k
Equity
€586k▲ 0.6%
Debt
€149k▼ 2.1%
The debt ratio falls from 20.7% to 20.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€132k▼
2024 · €219k
Cash flow
€102k▼
2024 · €162k
Solvency
79.7%▲
2024 · 79.3%
Current ratio
4.74▲
2024 · 4.48
Quick ratio
4.74▲
2024 · 4.48
Debt / equity
0.25▼
2024 · 0.26
ROE
13.3%▼
2024 · 23.0%
ROA
10.6%▼
2024 · 18.2%
Interest coverage
322.83▼
2024 · 730.06
Debt
€149k▼
2024 · €153k
Debt ≤ 1 year
€149k▼
2024 · €153k
Income taxes
€31k▼
2024 · €58k
Staff costs
€401▲
2024 · €105
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€735k€735k=
Fixed assets21/28€52k€28k▼
Tangible fixed assets22/27€52k€28k▼
Plant, machinery and equipment23€11k€2k▼
Furniture and vehicles24€41k€26k▼
Current assets29/58€683k€707k▲
Amounts receivable within one year40/41€17k€4k▼
Trade receivables40€10k-
Other amounts receivable41€7k€4k▼
Current investments50/53€400k€400k=
Cash at bank and in hand54/58€263k€300k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€735k€735k=
Equity10/15€583k€586k▲
Contributions10/11€180k€180k=
Reserves13€397k€401k▲
Distributable reserves133€397k€401k▲
Profit (loss) carried forward14€5k€5k=
Amounts payable17/49€153k€149k▼
Amounts payable within one year42/48€153k€149k▼
Taxes, remuneration and social security45€33k€948▼
Taxes450/3€33k€948▼
Other amounts payable47/48€120k€148k▲
Income statement
Code20242025
Remuneration, social security and pensions62€105€401▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€24k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€220k€134k▼
Operating profit (loss)9901€191k€108k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€300€409▲
Recurring financial charges65€300€409▲
Profit (loss) for the period before taxes9903€192k€109k▼
Income taxes67/77€58k€31k▼
Profit (loss) for the period9904€134k€78k▼
Profit (loss) for the period to be appropriated9905€134k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€139k€83k▼
Profit (loss) brought forward from the previous period14P€5k€5k=
Transfer from equity791/2€59k€74k▲
Transfer to equity691/2€134k€78k▼
To other reserves6921€134k€78k▼
Profit to be distributed694/7€59k€74k▲
Return on contributions (dividend)694€59k€74k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €134k ▲105%
Operating result €191k, net result €134k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Equity above €500kEq €507k ▲4.4%
6 profitable years in a row build equity to €507k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 79 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lede · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenstraat 1009340 LedeGround area
642 m²
Building footprint
322 m²
Volume, LiDAR
1,972 m³
Parcel 41034B0662/00R000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RUTSAERT BVBA
since 19952.070.400.266
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034B0662/00R000 | Flanders | 642 m² | 1 · 322 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
METSELWERKEN KAROL GDANIEC
BE 0775.290.712
Zedelgem · Eq €586k
BEERNAERT FRANS
BE 0480.127.432
Staden · Eq €586k
EDIVALOR
BE 0876.386.981
Genk · Eq €586k
INVESTPRO - DE SCHALK
BE 0887.820.907
Mechelen · Eq €586k
ARTEBAT
BE 0886.486.463
Assesse · Eq €587k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 8,520 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-1994
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
43211General electrical installation work
43990Other specialised construction activities
43999Specialised construction activities
45250
45310
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.