RUTSAERT TECHNICS
ActiveRUTSAERT TECHNICS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €433k and a net result of €59k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 76% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+3
Solvency92▼-8
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.62 against 5.22 in 2024; short-term debt: 20.7% and cash: 75% of total assets), and 32.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
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
67.3%
Return on assets
9.2%
Age of the figures
9 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
1819202122232425
2018 to 2025 · latest year €433k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
22 d late
2023
33 d early
2022
8 d late
2021
30 d late
2020
26 d early
2019
31 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€433k▲ 15.8%
2024 · €374k
2018: €377k
2019: €385k
2020: €320k
2021: €335k
2022: €336k
2023: €347k
2024: €374k
2018 → 2025
Total assets
€644k▲ 38.3%
2024 · €465k
2018: €555k
2019: €571k
2020: €612k
2021: €595k
2022: €626k
2023: €432k
2024: €465k
2018 → 2025
Net result
€59k▲ 91.3%
2024 · €31k
2018: €5k
2019: €8k
2020: €17k
2021: €15k
2022: €990
2023: €11k
2024: €31k
2018 → 2025
Working capital
€482k▲ 40.0%
2024 · €345k
2018: €361k
2019: €372k
2020: €313k
2021: €336k
2022: €334k
2023: €299k
2024: €345k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€335k-€336k▲ 0.3%€347k▲ 3.2%€374k▲ 7.8%€433k▲ 15.8%
Operating result€23k-€2k▼ 92.4%€13k▲ 673%€39k▲ 195%€82k▲ 109%
Net result€15k-€990▼ 93.5%€11k▲ 997%€31k▲ 184%€59k▲ 91.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 109% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €644k
Fixed assets
€28k▼ 28.7%
Current assets
€616k▲ 44.5%
Equity and liabilities €644k
Equity
€433k▲ 15.8%
Debt
€211k▲ 131%
The debt ratio rises from 19.6% to 32.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€94k▲
2024 · €50k
Cash flow
€70k▲
2024 · €42k
Solvency
67.3%▼
2024 · 80.4%
Current ratio
4.62▼
2024 · 5.22
Quick ratio
4.39▼
2024 · 5.22
Debt / equity
0.49▲
2024 · 0.24
ROE
13.6%▲
2024 · 8.2%
ROA
9.2%▲
2024 · 6.6%
Interest coverage
273.04▲
2024 · 211.00
Debt
€211k▲
2024 · €91k
Debt ≤ 1 year
€133k▲
2024 · €82k
Income taxes
€30k▲
2024 · €12k
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€465k€644k▲
Fixed assets21/28€39k€28k▼
Tangible fixed assets22/27€39k€28k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€1k€851▼
Furniture and vehicles24€36k€26k▼
Current assets29/58€426k€616k▲
Stocks and contracts in progress3-€30k
Stocks30/36-€30k
Amounts receivable within one year40/41€79€8k▲
Trade receivables40-€1k
Other amounts receivable41€79€7k▲
Current investments50/53€200k€90k▼
Cash at bank and in hand54/58€221k€483k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€465k€644k▲
Equity10/15€374k€433k▲
Contributions10/11€6k€6k=
Reserves13€368k€427k▲
Distributable reserves133€368k€427k▲
Amounts payable17/49€91k€211k▲
Amounts payable within one year42/48€82k€133k▲
Current portion of amounts payable after more than one year42-€12k
Trade debts44€1k€41k▲
Suppliers440/4€1k€41k▲
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€77k€77k▼
Accrued charges and deferred income492/3€10k€77k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€226€331▲
Gross operating margin9900€50k€94k▲
Operating profit (loss)9901€39k€82k▲
Financial income75/76B€3k€7k▲
Recurring financial income75€3k€7k▲
Financial charges65/66B€238€343▲
Recurring financial charges65€238€343▲
Profit (loss) for the period before taxes9903€42k€89k▲
Income taxes67/77€12k€30k▲
Profit (loss) for the period9904€31k€59k▲
Profit (loss) for the period to be appropriated9905€31k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€59k▲
Transfer to equity691/2€27k€59k▲
To other reserves6921€27k€59k▲
Profit to be distributed694/7€4k-
Directors or managers695€4k-
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €59k ▲91.3%
Operating result €82k, net result €59k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.57
Current ratio from 2.16 to 4.57; short-term debt falls from €288k to €84k.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
31-12
Financial
Weakest financial yearnet €990 ▼93.5%
Net result drops to €990, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kaprijke · 1 establishment unit since 2000
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.
Gentweg 89971 KaprijkeGround area
2,284 m²
Building footprint
183 m²
Volume, LiDAR
822 m³
Parcel 43009C1568/00F000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gentweg 8, 9971 Kaprijke
since 20002.101.123.136
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009C1568/00F000 | Flanders | 2,284 m² | 1 · 183 m² | 7.5 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
Enervice
BE 0738.628.967
Kruisem · Eq €433k
Schuermans Technische Service
BE 0823.495.257
Hasselt · Eq €433k
GALERIJ BALCAEN
BE 0471.368.926
Zwalm · Eq €433k
Tj-Technieken
BE 0799.613.263
Hasselt · Eq €433k
VACO POORTEN
BE 0463.579.430
Zele · Eq €432k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 6,828 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2000
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
33200Installation of industrial machinery and equipment
41003General construction of other non-residential buildings
43221Plumbing work
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.