Age2 yrs
Real estate1 parcel · 64 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of RUZGAR is 2.5% (moderate). The 2025 annual accounts show equity of €12k and a net result of €6k. Its solvency ranks better than 18% of 2866 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Signals
2 signals · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2866 sector peers (2025).
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsYoung company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
0 events
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.5%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€182k+302.7%
EBIT margin4.7%-7.4pp
Net result€6k+44.4%
Working capital€-17k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 10-03-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.5% | 43.4% | |
| Net result | €6k | €14k | |
| Equity | €12k | €44k | |
| Gross operating margin | €15k | €39k | |
| Staff costs | €4k | €30k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€182k
+302.7%
-98% vs sector
€10k
+69.3%
-43% vs sector
€6k
+44.4%
far above sector median
€7k
+61.0%
-49% vs sector
€80k
+568.9%
-77% vs sector
€12k
+117.3%
-88% vs sector
€-17k
-
far below sector median
€4k
+1170.9%
-99% vs sector
€2k
+94.3%
+49% vs sector
€68k
+934.3%
-72% vs sector
€68k
+934.3%
-60% vs sector
0.75
-52.5%
-38% vs sector
0.75
-52.5%
-36% vs sector
14.5%
-67.5%
-55% vs sector
5.88
+375.9%
+192% vs sector
54.0%
-33.6%
far above sector median
7.8%
-78.4%
far above sector median
3.4%
-64.1%
-42% vs sector
5.4%
-58.0%
-50% vs sector
60.79
-65.7%
-2% vs sector
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | €182k |
| EBITDA | €10k |
| Net profit | €6k |
| Cash flow | €7k |
| Staff costs | €4k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €80k |
| Equity | €12k |
| Debt | €68k |
| of which ≤ 1y | €68k |
| of which > 1y | - |
| Working capital | €-17k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.75 |
| Quick ratio | 0.75 |
| Working capital ratio | -21.2% |
| Solvency | 14.5% |
| Debt / equity | 5.88 |
| Long-term debt ratio | - |
| Interest coverage | 60.79 |
| Gross margin | 8.1% |
| Net margin | 3.4% |
| ROA | 7.8% |
| ROE | 54.0% |
| EBITDA margin | 5.4% |
| Days sales outstanding | 92d |
| Days payable outstanding | 133d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €80k |
| Fixed assets | 21/28 | €29k |
| Intangible fixed assets | 21 | €892 |
| Tangible fixed assets | 22/27 | €28k |
| Current assets | 29/58 | €51k |
| Amounts receivable within one year | 40/41 | €47k |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €80k |
| Equity | 10/15 | €12k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €11k |
| Amounts payable | 17/49 | €68k |
| Amounts payable within one year | 42/48 | €68k |
| Trade debts payable within one year | 44 | €61k |
| Income statement | ||
| Turnover | 70 | €182k |
| Gross operating margin | 9900 | €15k |
| Operating result | 9901 | €9k |
| Financial charges | 65 | €162 |
| Result before taxes | 9903 | €8k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €6k |
| Result to be appropriated | 9905 | €6k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed58
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
1 locationRUZGAR
since 20242.357.963.201
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area64 m²
Buildings1
Building footprint63 m²
Volume (LiDAR)844 m³
Tallest building14.5 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003B0051/00L016 | Flanders | 64 m² | 1 · 63 m² | 14.5 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Analysis
Snowflake analysis
financial profile on 5 axes59
/ 100
Mixed profile: strong on growth, weaker on solvency.
Health
58
Profitability
56
Solvency
15
Growth
85
Stability
82
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Credit advice
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | RUZGAR |
Registered office
Baron de Catersstraat 31
2600 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.