THE RUBENS
ActiveSummary
THE RUBENS has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,885 and a net result of -€3,167. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 13874 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency75▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 1.99 against 3.95 in 2024; short-term debt: 50.3% and cash: 1.1% of total assets), but 50.3% of the assets are financed with debt.
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Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.7%
Return on assets
-15.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,167
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
14 d early
2023
27 d late
2022
63 d late
2021
31 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 August (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€9,885▼ 24.3%
2024 · €13,052
Total assets
€19,903▼ 1.4%
2024 · €20,179
Net result
-€3,167▲ 64.9%
2024 · -€9,034
Working capital
€9,885▼ 21.4%
2024 · €12,582
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,292▲ 107%-€5,795-€11,036▼ 90.4%-€8,722▲ 21.0%-€3,537▲ 59.4%
Net result€13,995within the sector's middle half▲ 60.9%-€7,191within the sector's middle half-€11,608below the sector's middle half▼ 61.4%-€9,034below the sector's middle half▲ 22.2%-€3,167within the sector's middle half▲ 64.9%
Equity€41,718within the sector's middle half▲ 46.3%€34,527within the sector's middle half▼ 17.2%€22,086within the sector's middle half▼ 36.0%€13,052within the sector's middle half▼ 40.9%€9,885within the sector's middle half▼ 24.3%
Total assets€65,472within the sector's middle half▲ 100%€53,331within the sector's middle half▼ 18.5%€35,053below the sector's middle half▼ 34.3%€20,179below the sector's middle half▼ 42.4%€19,903below the sector's middle half▼ 1.4%
Debt€23,754▲ 468%€18,804▼ 20.8%€12,966▼ 31.0%€7,127▼ 45.0%€10,018▲ 40.6%
Working capital€51,910above the sector's middle half▲ 91.1%€26,772within the sector's middle half▼ 48.4%€18,310within the sector's middle half▼ 31.6%€12,582within the sector's middle half▼ 31.3%€9,885within the sector's middle half▼ 21.4%
Solvency63.7%above the sector's middle half▼ 23.5pp64.7%above the sector's middle half▲ 1.0pp63.0%above the sector's middle half▼ 1.7pp64.7%above the sector's middle half▲ 1.7pp49.7%within the sector's middle half▼ 15.0pp
Current ratio5.41above the sector's middle half▼ 2.083.77above the sector's middle half▼ 1.643.67above the sector's middle half▼ 0.103.95above the sector's middle half▲ 0.281.99within the sector's middle half▼ 1.96
Return on assets (ROA)21.4%within the sector's middle half▼ 5.2pp-13.5%below the sector's middle half▼ 34.9pp-33.1%below the sector's middle half▼ 19.6pp-44.8%below the sector's middle half▼ 11.7pp-15.9%below the sector's middle half▲ 28.9pp
Staff (FTE)5▲ 400%4.2▼ 16.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,537 in 2025 against €8,722 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €19,903
Equity
€9,885 ▼ 24.3%
Debt
€10,018 ▲ 40.6%
Debt's share of the balance-sheet total rises from 35.3% to 50.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,542▼
2024 · -€2,169
Cash flow
-€2,172▲
2024 · -€2,481
Debt to equity
1.01▲
2024 · 0.55
ROE
-32.0%▲
2024 · -69.2%
Interest coverage
-23.20▼
2024 · -3.47
Debt ≤ 1 year
€10,018▲
2024 · €4,264
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,341 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% | 1.0% |
| 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% 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 5,834 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,425 | €5,866 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €470 | €5,710 | €7,008 | €6,553 | €995 | ▼ 84.8% |
| Other operating charges640/8 | €712 | €580 | €849 | €528 | - | - |
| Gross operating margin9900 | €27,900 | €6,361 | -€3,179 | -€1,641 | -€2,542 | ▼ 54.9% |
| Operating profit (loss)9901 | €19,292 | -€5,795 | -€11,036 | -€8,722 | -€3,537 | ▲ 59.4% |
| Financial income75/76B | €622 | €457 | €263 | €313 | €479 | ▲ 53.2% |
| Recurring financial income75 | €622 | €457 | €263 | €313 | €479 | ▲ 53.2% |
| Financial charges65/66B | €2,015 | €1,853 | €834 | €625 | €110 | ▼ 82.5% |
| Recurring financial charges65 | €2,015 | €1,853 | €834 | €625 | €110 | ▼ 82.5% |
| Profit (loss) for the period before taxes9903 | €17,900 | -€7,191 | -€11,608 | -€9,034 | -€3,167 | ▲ 64.9% |
| Income taxes67/77 | €3,905 | - | - | - | - | - |
| Profit (loss) for the period9904 | €13,995 | -€7,191 | -€11,608 | -€9,034 | -€3,167 | ▲ 64.9% |
| Profit (loss) for the period to be appropriated9905 | €13,995 | -€7,191 | -€11,608 | -€9,034 | -€3,167 | ▲ 64.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,472 | €53,331 | €35,053 | €20,179 | €19,903 | ▼ 1.4% |
| Fixed assets21/28 | €1,784 | €16,894 | €9,886 | €3,332 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,784 | €16,894 | €9,886 | €3,332 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €1,784 | €2,110 | €1,254 | €854 | - | - |
| Furniture and vehicles24 | - | €14,784 | €8,631 | €2,479 | €0 | ▼ 100% |
| Current assets29/58 | €63,688 | €36,437 | €25,167 | €16,846 | €19,903 | ▲ 18.1% |
| Amounts receivable after more than one year29 | €18,000 | €11,000 | €8,500 | €8,500 | - | - |
| Other amounts receivable291 | €18,000 | €11,000 | €8,500 | €8,500 | - | - |
| Stocks and contracts in progress3 | €1,000 | - | - | - | - | - |
| Stocks30/36 | €1,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3,867 | €3,316 | €6,200 | €6,193 | €19,682 | ▲ 218% |
| Trade receivables40 | €1,175 | €679 | €3,556 | - | €7,868 | - |
| Other amounts receivable41 | €2,693 | €2,637 | €2,644 | €6,193 | €11,814 | ▲ 90.8% |
| Cash at bank and in hand54/58 | €39,379 | €21,255 | €9,595 | €1,381 | €222 | ▼ 83.9% |
| Deferred charges and accrued income490/1 | €1,442 | €866 | €872 | €772 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,472 | €53,331 | €35,053 | €20,179 | €19,903 | ▼ 1.4% |
| Equity10/15 | €41,718 | €34,527 | €22,086 | €13,052 | €9,885 | ▼ 24.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €23,030 | €23,030 | €23,030 | €23,030 | €23,030 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €21,170 | €21,170 | €21,170 | €21,170 | €21,170 | = |
| Profit (loss) carried forward14 | €88 | -€7,103 | -€19,544 | -€28,578 | -€31,745 | ▼ 11.1% |
| Amounts payable17/49 | €23,754 | €18,804 | €12,966 | €7,127 | €10,018 | ▲ 40.6% |
| Amounts payable after more than one year17 | €11,937 | €9,113 | €6,093 | €2,863 | - | - |
| Financial debts170/4 | €11,937 | €9,113 | €6,093 | €2,863 | - | - |
| Amounts payable within one year42/48 | €11,778 | €9,665 | €6,857 | €4,264 | €10,018 | ▲ 135% |
| Current portion of amounts payable after more than one year42 | €2,640 | €2,824 | €3,020 | €3,230 | - | - |
| Trade debts44 | €3,604 | €1,955 | €2,520 | €536 | €8,330 | ▲ 1,455% |
| Suppliers440/4 | €3,604 | €1,955 | €2,520 | €536 | €8,330 | ▲ 1,455% |
| Taxes, remuneration and social security45 | €4,733 | €4,327 | €484 | €498 | €498 | = |
| Taxes450/3 | €4,041 | €4,327 | €484 | €498 | €498 | = |
| Remuneration and social security454/9 | €692 | - | - | - | - | - |
| Other amounts payable47/48 | €800 | €560 | €833 | - | €1,190 | - |
| Accrued charges and deferred income492/3 | €40 | €26 | €17 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,995 | -€7,191 | -€11,608 | -€9,034 | -€3,167 | ▲ 64.9% |
| + Depreciation and write-downs630 | €470 | €5,710 | €7,008 | €6,553 | €995 | ▼ 84.8% |
| Operating cash flow (approximation) | €14,465 | -€1,481 | -€4,600 | -€2,481 | -€2,172 | ▲ 12.4% |
| Investment in fixed assets (approximation) | - | -€20,820 | €0 | €0 | €2,338 | - |
| Change in cash | - | -€18,124 | -€11,659 | -€8,214 | -€1,159 | ▲ 85.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€11,608
Net result drops to -€11,608, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €13,995 ▲60.9%
Operating result €19,292, net result €13,995, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €8,697
Net result €8,697 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 7.49
Current ratio from 1.89 to 7.49; short-term debt falls from €19,534 to €4,184.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2001
Ground area
3,493 m²
Building footprint
338 m²
Volume, LiDAR
2,167 m³
2 parcels, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
THE RUBENS
since 20012.006.330.380
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0025/00Z000 | Flanders | 3,345 m² | 1 · 202 m² | 7.8 m · 2 fl. |
| 44804D1061/00K000 | Flanders | 148 m² | 1 · 136 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,500 companies in this sector we hold annual accounts for 11,468. 7,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded27-04-1971
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Not found in the Peppol register
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Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.