RUBCO
ActiveRUBCO has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €185k and a net result of €-21k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability34▲+6
Solvency39=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.34 in 2023; short-term debt: 45.8% and cash: 3.4% of total assets), and 86.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
13.6%
Return on assets
-1.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-21k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9039 sector peers (2024).
NBB · sector comparisonPosition among 9039 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
61 d late
2022
12 d early
2021
19 d early
2020
61 d late
2019
109 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€185k▼ 10.4%
2023 · €207k
2018: €87k
2019: €111k
2020: €233k
2021: €254k
2022: €239k
2023: €207k
2018 → 2024
Total assets
€1.36M▼ 7.4%
2023 · €1.47M
2018: €1.05M
2019: €987k
2020: €1.41M
2021: €1.37M
2022: €1.43M
2023: €1.47M
2018 → 2024
Net result
€-21k▲ 34.0%
2023 · €-32k
2018: €2k
2019: €24k
2020: €122k
2021: €22k
2022: €-15k
2023: €-32k
2018 → 2024
Working capital
€161k▼ 27.0%
2023 · €220k
2018: €189k
2019: €179k
2020: €336k
2021: €304k
2022: €279k
2023: €220k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€233k-€254k▲ 9.3%€239k▼ 6.1%€207k▼ 13.6%€185k▼ 10.4%
Operating result€172k-€72k▼ 58.2%€8k▼ 88.6%€8k▼ 0.5%€28k▲ 245%
Net result€122k-€22k▼ 82.2%€-15k€-32k▼ 110%€-21k▲ 34.0%
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 recovers in 2024; 2024 is 245% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.36M
Fixed assets
€577k▼ 2.6%
Current assets
€784k▼ 10.7%
Equity and liabilities €1.36M
Equity
€185k▼ 10.4%
Provisions
€11k=
Debt
€1.17M▼ 7.0%
The debt ratio rises from 85.2% to 85.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€104k▲
2023 · €67k
Cash flow
€55k▲
2023 · €27k
Solvency
13.6%▼
2023 · 14.0%
Current ratio
1.26▼
2023 · 1.34
Quick ratio
0.45▼
2023 · 0.50
Debt / equity
6.29▲
2023 · 6.07
ROE
-11.5%▲
2023 · -15.6%
ROA
-1.6%▲
2023 · -2.2%
Interest coverage
2.10▲
2023 · 1.46
Debt
€1.17M▼
2023 · €1.25M
Debt ≤ 1 year
€623k▼
2023 · €657k
Debt > 1 year
€537k▼
2023 · €593k
Income taxes
€2k▼
2023 · €2k
Staff costs
€163k▼
2023 · €171k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.47M€1.36M▼
Fixed assets21/28€593k€577k▼
Intangible fixed assets21€2k€10k▲
Tangible fixed assets22/27€591k€568k▼
Land and buildings22€414k€378k▼
Plant, machinery and equipment23€168k€171k▲
Furniture and vehicles24€9k€19k▲
Current assets29/58€877k€784k▼
Stocks and contracts in progress3€549k€502k▼
Stocks30/36€549k€502k▼
Amounts receivable within one year40/41€264k€224k▼
Trade receivables40€246k€191k▼
Other amounts receivable41€19k€33k▲
Cash at bank and in hand54/58€58k€47k▼
Deferred charges and accrued income490/1€6k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.36M▼
Equity10/15€207k€185k▼
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€132k€110k▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€25k€25k=
Distributable reserves133€99k€78k▼
Investment grants15€412€309▼
Provisions and deferred taxes16€11k€11k=
Provisions for liabilities and charges160/5€11k€11k=
Major repairs and maintenance162€11k€11k=
Amounts payable17/49€1.25M€1.17M▼
Amounts payable after more than one year17€593k€537k▼
Financial debts170/4€593k€537k▼
Amounts payable within one year42/48€657k€623k▼
Current portion of amounts payable after more than one year42€70k€72k▲
Financial debts43€225k€225k=
Credit institutions430/8€225k€225k=
Trade debts44€237k€191k▼
Suppliers440/4€237k€191k▼
Taxes, remuneration and social security45€49k€48k▼
Taxes450/3€23k€20k▼
Remuneration and social security454/9€27k€27k▲
Other amounts payable47/48€76k€88k▲
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62€171k€163k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€76k▲
Other operating charges640/8€17k€17k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€255k€286k▲
Operating profit (loss)9901€8k€28k▲
Financial income75/76B€8k€2k▼
Recurring financial income75€5k€1k▼
Non-recurring financial income76B€3k€502▼
Financial charges65/66B€46k€49k▲
Recurring financial charges65€46k€49k▲
Profit (loss) for the period before taxes9903€-30k€-20k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-32k€-21k▲
Profit (loss) for the period to be appropriated9905€-32k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-21k▲
Transfer from equity791/2€32k€21k▼
Social balance
Average headcount (FTE)90872.82.7▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €122k ▲413%
Operating result €172k, net result €122k, both a record.
31-12
Financial
Equity above €200kEq €233k ▲110%
3 profitable years in a row build equity to €233k.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Equity above €100kEq €111k ▲27.2%
2 profitable years in a row build equity to €111k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Oudsbergen · 1 establishment unit since 1980
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.
Nijverheidslaan 15533660 OudsbergenGround area
3,000 m²
Building footprint
1,660 m²
Volume, LiDAR
4,888 m³
Parcel 71562B0912/00M002, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidslaan 1553, 3660 Oudsbergen
since 19802.039.640.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0912/00M002 | Flanders | 3,000 m² | 1 · 1,660 m² | 6.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 13,357 EUR awarded · 13,357 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 6,033 EUR |
| 2024 | 1 | 6,033 EUR | 0 EUR |
| 2023 | 1 | 1,058 EUR | 1,058 EUR |
| 2022 | 2 | 6,266 EUR | 6,266 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudsbergen2.039.640.180
Legal Entity Identifier
98450067796896C6FO91
Similar companies · same sector, comparable size
ECORUB
BE 0445.540.202
Rijkevorsel · Eq €185k
MACRIPACK
BE 0823.114.284
Antwerpen · Eq €187k
MAISON VICTOR
BE 0865.976.903
Liège · Eq €183k
SALES PROMOTION INTERNATIONAL
BE 0448.390.121
Waregem · Eq €182k
LEIE PELS
BE 0414.641.148
Zulte · Eq €181k
Of 432 companies in sector 46869 we hold annual accounts for 244. 154 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-01-1980
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
46869Wholesale trade
51562
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.