Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
53 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Rubaco Development from Lier, company number BE0437562050, closed financial year 2024 with a result of € -15,294 after tax. For that financial year Rubaco Development recorded a gross margin of € 16,982 and equity of € 297,277. Compared with financial year 2023, the result moved from € 47,977 to € -15,294. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 8, 2025.
€ 297,277
▼ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,294
▼ still € 47,977 profit in 2023
Profit after tax over the fiscal year.
€ 323,287
▲ € 306,459 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 278,685.
People and assets in 2024
€ 7,880
▲ 223% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 18,817
▼ 28% vs 2023
Of which on lease € 16,963.
Debts at end 2024
€ 1 million
▲ 4% vs 2023
€ 67,348 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 171,044
▼ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 23,426
▲ 3% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 230,742 | € 160,586 | € 77,781 | € 16,982 | ▼ 78% |
| Profit after taxes | € 172,223 | € 108,335 | € 47,977 | € -15,294 | ▼ € 63,271 |
| Equity | € 156,260 | € 264,595 | € 312,572 | € 297,277 | ▼ 5% |
| Total debts | € 496,106 | € 1,644,970 | € 1,284,909 | € 1,874,662 | ▲ 46% |
| Cash | € 66,200 | € 21,658 | € 16,828 | € 323,287 | ▲ € 306,459 |
| Retained profit | € 137,668 | € 246,003 | € 293,980 | € 278,685 | ▼ 5% |
| Bank debt | € 242,333 | € 1,263,925 | € 973,782 | € 1,008,509 | ▲ 4% |
| Balance sheet total | € 652,366 | € 1,909,565 | € 1,597,481 | € 2,171,939 | ▲ 36% |
Key figures of Rubaco Development, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Rubaco Development?
What happened at Rubaco Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 15,294 (▼ € 63,271 vs 2023). filed late Source: NBB ↗
- New establishment in Lier. KBO
- Start of the company according to the CBE. KBO
In short
From € 172,223 profit in 2021 to € 15,294 loss in 2024.
Paid € 94,503 in corporate taxes since 2021.
Best year ever: 2021, with € 172,223 profit.
Establishments
Establishment units
Physical locations of this company
Duwijckstraat 17
2500 Lier
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 53 companies are registered at this address.
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€ 32.1 million revenue · 2025
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Flint Group Belgium
Lambrechts Car Service
€ 79,510 gross margin · 2025
+48 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.562.050
- VAT number
- BE 0437.562.050
- Registered office
- Duwijckstraat 17, 2500 Lier
- Names & denominations
- Rubaco Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 June 1989
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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