FERNAND RUTTEN
ActiveFERNAND RUTTEN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.66M and a net result of €-43k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▲+8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €390k at 30 days acceptable
short-term debt: 0.2% and cash: 5.6% of total assets, and 0.2% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
99.8%
Return on assets
-0.8%
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
19202122232425
2019 to 2025 · latest year €-43k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
6 d early
2023
on the day
2022
288 d late
2021
28 d early
2020
337 d late
2019
38 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5.66M▼ 0.8%
2024 · €5.70M
2019: €1.04M
2020: €1.45M
2021: €1.87M
2022: €6.33M
2023: €6.10M
2024: €5.70M
2019 → 2025
Total assets
€5.67M▼ 0.7%
2024 · €5.71M
2019: €2.13M
2020: €2.57M
2021: €2.77M
2022: €6.49M
2023: €6.27M
2024: €5.71M
2019 → 2025
Net result
€-43k▲ 89.2%
2024 · €-402k
2019: €343k
2020: €412k
2021: €418k
2022: €4.46M
2023: €-230k
2024: €-402k
2019 → 2025
Working capital
€4.26M▲ 7.3%
2024 · €3.97M
2019: €-481k
2020: €552k
2021: €824k
2022: €4.53M
2023: €4.45M
2024: €3.97M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.87M-€6.33M▲ 238%€6.10M▼ 3.6%€5.70M▼ 6.6%€5.66M▼ 0.8%
Operating result€624k-€4.75M▲ 660%€-250k€-231k▲ 7.7%€-84k▲ 63.7%
Net result€418k-€4.46M▲ 966%€-230k€-402k▼ 75.1%€-43k▲ 89.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €84k in 2025 against €231k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.67M
Fixed assets
€1.39M▼ 19.4%
Current assets
€4.27M▲ 7.4%
Equity and liabilities €5.67M
Equity
€5.66M▼ 0.8%
Debt
€11k▲ 83.7%
The debt ratio rises from 0.1% to 0.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▲
2024 · €-101k
Cash flow
€27k▲
2024 · €-272k
Solvency
99.8%▼
2024 · 99.9%
Debt / equity
0.00▲
2024 · 0.00
ROE
-0.8%▲
2024 · -7.1%
ROA
-0.8%▲
2024 · -7.1%
Interest coverage
-13.56▼
2024 · -0.49
Debt
€11k▲
2024 · €6k
Debt ≤ 1 year
€11k▲
2024 · €6k
Income taxes
€733▼
2024 · €8k
Staff costs
€13k▲
2024 · €11k
A ratio outside any meaningful range has been withheld (balance sheet total €5.67M, equity €5.66M).
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€5.71M€5.67M▼
Fixed assets21/28€1.73M€1.39M▼
Tangible fixed assets22/27€1.73M€1.39M▼
Land and buildings22€1.34M€1.05M▼
Plant, machinery and equipment23€11k€4k▼
Furniture and vehicles24€157k€114k▼
Other tangible fixed assets26€219k€219k=
Financial fixed assets28€1k€1k=
Current assets29/58€3.98M€4.27M▲
Amounts receivable after more than one year29€3.82M€3.82M=
Other amounts receivable291€3.82M€3.82M=
Amounts receivable within one year40/41€79k€133k▲
Trade receivables40€17k€0▼
Other amounts receivable41€62k€133k▲
Current investments50/53€0-
Cash at bank and in hand54/58€73k€315k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€5.71M€5.67M▼
Equity10/15€5.70M€5.66M▼
Contributions10/11€31k€31k=
Reserves13€5.67M€5.63M▼
Distributable reserves133€5.67M€5.63M▼
Amounts payable17/49€6k€11k▲
Amounts payable within one year42/48€6k€11k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€736€1k▲
Remuneration and social security454/9€3k€5k▲
Income statement
Code20242025
Non-recurring operating income76A€13k€55k▲
Remuneration, social security and pensions62€11k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€71k▼
Other operating charges640/8€12k€9k▼
Non-recurring operating charges66A€3k€0▼
Gross operating margin9900€-74k€9k▲
Operating profit (loss)9901€-231k€-84k▲
Financial income75/76B€44k€42k▼
Recurring financial income75€44k€42k▼
Financial charges65/66B€207k€976▼
Recurring financial charges65€207k€976▼
Profit (loss) for the period before taxes9903€-395k€-43k▲
Income taxes67/77€8k€733▼
Profit (loss) for the period9904€-402k€-43k▲
Profit (loss) for the period to be appropriated9905€-402k€-43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-402k€-43k▲
Transfer from equity791/2€402k€43k▼
The notes to these accounts (8 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-402k
Net result drops to €-402k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 25current ratio 668.97
Current ratio from 26.85 to 668.97; short-term debt falls from €172k to €6k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
14-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 288 days late
2022
31-12
Financial
Highest result since 2019net €4.46M ▲966%
Operating result €4.75M, net result €4.46M, both a record.
31-12
Financial
Liquidity times 15current ratio 29.47
Current ratio from 1.95 to 29.47; short-term debt falls from €871k to €159k.
31-12
Financial
Equity above €5MEq €6.33M ▲238%
4 profitable years in a row build equity to €6.33M.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 337 days late
2020
30-04
Financial
Liquidity quadruplescurrent ratio 1.57
Current ratio from 0.45 to 1.57.
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
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
1 act for this company is 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, Schilde · 1 establishment unit since 2002
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.
Kleinhoefsedreef 12970 SchildeGround area
2,657 m²
Building footprint
264 m²
Volume, LiDAR
1,459 m³
Parcel 11922B0044/00E000, Flanders · tallest building 16.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kleinhoefsedreef 1, 2970 Schilde
since 20022.228.621.223
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922B0044/00E000 | Flanders | 2,657 m² | 1 · 264 m² | 16.4 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
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DE PIRAMIDE
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CALA INVEST
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PAPYPOL
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DE NIEUWE VOORHAVEN
BE 0457.021.339
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 1,671 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2002
Fiscal year end31-12
Abbreviation NL
FR
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
68312Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.