Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
The micro format states no turnover.
Eight of the last ten came late. The 2019 accounts came latest: 52 days after the end of the period.
Less equity than 95% of companies in food products. Sector median €51,711 · 1,921 companies.
In July 2024, 6,619 companies had the same profile as RUWET has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for RUWET. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| RUWET Thimister-Clermont | €0.2m | €14,211 | -107.5% | - |
| GIRRAV Opwijk | €0.1m | €45,056 | 35.7% | - |
| B. MARESCAUX Frasnes-lez-Anvaing | €0.04m | €3,898 | -4.2% | - |
| LA LEGUMERIE DE LA FABRIQUE CIRCUIT COURT Namur | €0.3m | €15,795 | 88.7% | - |
| PRODEBEL Plombières | €0.3m | €58,909 | 80.9% | - |
| ATC Pittem | €0.6m | €64,113 | 7.0% | 0 |
| P4 FRUIT Sint-Truiden | €1.9m | €91,086 | 28.7% | 0 |
These companies have the same main activity as RUWET: manufacture of food products (NACE 10392). They are comparable in size and age: total assets between €41,900 and €1.9m, founded between 1981 and 2019.
RUWET files the micro format. That format states no turnover. The gross margin rose from €936 in 2007 to €14,211 in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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