RUDAN
ActiveSummary
RUDAN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.90M and a net result of €439k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 74% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-13
Solvency88▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.99 in 2024; short-term debt: 6.1% and cash: 10.9% of total assets), and 36.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
63.2%
Return on assets
2.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-04-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
on the day
2023
33 d early
2022
31 d early
2021
1 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€9.90M▲ 61.8%
2024 · €6.12M
2018: €2.29M
2019: €2.30M
2020: €2.30M
2021: €2.39M
2022: €3.26M
2023: €5.67M
2024: €6.12M
2018 → 2025
Total assets
€15.67M▲ 73.4%
2024 · €9.04M
2018: €6.78M
2019: €6.52M
2020: €6.28M
2021: €6.08M
2022: €6.29M
2023: €8.97M
2024: €9.04M
2018 → 2025
Net result
€439k▼ 3.0%
2024 · €452k
2018: €-60k
2019: €10k
2020: €7k
2021: €88k
2022: €863k
2023: €157k
2024: €452k
2018 → 2025
Working capital
€776k▲ 78.2%
2024 · €435k
2018: €123k
2019: €168k
2020: €218k
2021: €-261k
2022: €456k
2023: €-86k
2024: €435k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.39M-€3.26M▲ 36.1%€5.67M▲ 74.1%€6.12M▲ 8.0%€9.90M▲ 61.8%
Operating result€66k-€1.00M▲ 1,421%€96k▼ 90.5%€110k▲ 15.2%€90k▼ 18.0%
Net result€88k-€863k▲ 885%€157k▼ 81.9%€452k▲ 189%€439k▼ 3.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.67M
Fixed assets
€13.95M ▲ 70.9%
Current assets
€1.73M ▲ 96.9%
Equity and liabilities €15.67M
Equity
€9.90M ▲ 61.8%
Provisions
€283k ▼ 23.5%
Debt
€5.49M ▲ 116%
Debt's share of the balance-sheet total rises from 28.2% to 35.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€483k▲
2024 · €462k
Cash flow
€831k▲
2024 · €805k
Current ratio
1.82▼
2024 · 1.99
Debt to equity
0.55▲
2024 · 0.42
ROE
4.4%▼
2024 · 7.4%
ROA
2.8%▼
2024 · 5.0%
Interest coverage
3.67▼
2024 · 4.87
Debt ≤ 1 year
€951k▲
2024 · €442k
Debt > 1 year
€4.53M▲
2024 · €2.10M
Income taxes
€108k▼
2024 · €134k
Staff costs
€32k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.04M€15.67M▲
Fixed assets21/28€8.16M€13.95M▲
Tangible fixed assets22/27€5.17M€7.31M▲
Land and buildings22€5.15M€6.86M▲
Plant, machinery and equipment23-€7k
Furniture and vehicles24-€2k
Other tangible fixed assets26€26k€446k▲
Financial fixed assets28€2.99M€6.64M▲
Current assets29/58€877k€1.73M▲
Amounts receivable within one year40/41€3k€14k▲
Trade receivables40€1k€11k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€874k€1.71M▲
Equity and liabilities
Total equity and liabilities10/49€9.04M€15.67M▲
Equity10/15€6.12M€9.90M▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Revaluation surpluses12€2.50M€6.15M▲
Reserves13€3.16M€3.29M▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€1.12M€859k▼
Distributable reserves133€2.03M€2.42M▲
Profit (loss) carried forward14€358k€358k=
Provisions and deferred taxes16€370k€283k▼
Deferred taxes168€370k€283k▼
Amounts payable17/49€2.55M€5.49M▲
Amounts payable after more than one year17€2.10M€4.53M▲
Financial debts170/4€2.10M€4.53M▲
Amounts payable within one year42/48€442k€951k▲
Current portion of amounts payable after more than one year42€292k€412k▲
Trade debts44€2k€35k▲
Suppliers440/4€2k€35k▲
Taxes, remuneration and social security45€84k€156k▲
Taxes450/3€75k€149k▲
Remuneration and social security454/9€9k€7k▼
Other amounts payable47/48€63k€347k▲
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€31k€32k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€352k€393k▲
Other operating charges640/8€58k€58k▲
Gross operating margin9900€551k€573k▲
Operating profit (loss)9901€110k€90k▼
Financial income75/76B€500k€501k▲
Recurring financial income75€500k€501k▲
Financial charges65/66B€95k€132k▲
Recurring financial charges65€95k€132k▲
Profit (loss) for the period before taxes9903€515k€459k▼
Transfer from deferred taxes780€72k€87k▲
Income taxes67/77€134k€108k▼
Profit (loss) for the period9904€452k€439k▼
Transfer from tax-exempt reserves789€215k€261k▲
Profit (loss) for the period to be appropriated9905€668k€699k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.03M€1.06M▲
Profit (loss) brought forward from the previous period14P€358k€358k=
Transfer from equity791/2-€307k
Transfer to equity691/2€668k€699k▲
To other reserves6921€668k€699k▲
Profit to be distributed694/7-€307k
Return on contributions (dividend)694-€307k
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 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
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity doublescurrent ratio 1.99
Current ratio from 0.89 to 1.99; short-term debt falls from €763k to €442k.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €5MEq €5.67M ▲74.1%
5 profitable years in a row build equity to €5.67M.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €863k ▲885%
Operating result €1.00M, net result €863k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-04
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
4 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, Pepingen · 1 establishment unit since 1989
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.
Kattenholstraat(BE) 1A1674 PepingenGround area
2,211 m²
Building footprint
566 m²
Volume, LiDAR
2,634 m³
Parcel 23007A0087/00F000, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kattenholstraat(BE) 1A, 1674 Pepingen
since 19892.043.313.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23007A0087/00F000 | Flanders | 2,211 m² | 1 · 566 m² | 5.9 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
Vianellu
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BE 0418.511.943
Schilde · Eq €9.96M
KEFAS
BE 0646.676.333
Antwerpen · Eq €9.98M
Provinciaal Middenstandssecretariaat Oost-Vlaanderen
BE 0407.933.894
Gent · Eq €10.02M
Guy Vermant & Co
BE 0447.645.496
Mechelen · Eq €10.08M
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 1,898 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1989
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
69209Other tax advisory services
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.