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 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Royal - Rubens from Knokke-Heist, company number BE0444028881, closed financial year 2025 with a result of € 5.9 million after tax. For that financial year Royal - Rubens recorded a gross margin of € 786,840 and equity of € 16.7 million. Compared with financial year 2024, the result moved from € 1.5 million to € 5.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 1, 2026.
€ 16.7 million
▲ 55% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.9 million
▲ 295% vs 2024
Profit after tax over the fiscal year.
€ 125,279
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 16.5 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 358,417
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.6 million
▼ 68% vs 2024
€ 277,500 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 110,882
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 766,034 | € 710,881 | € 827,540 | € 786,840 | ▼ 5% |
| Profit after taxes | € 3,698,387 | € 1,212,174 | € 1,503,672 | € 5,933,656 | ▲ 295% |
| Equity | € 8,473,881 | € 9,685,350 | € 10,788,317 | € 16,721,268 | ▲ 55% |
| Total debts | € 9,532,094 | € 8,971,938 | € 8,832,547 | € 3,045,218 | ▼ 66% |
| Cash | € 892,842 | € 407,198 | € 160,010 | € 125,279 | ▼ 22% |
| Land & buildings | € 15,676,803 | € 16,227,890 | € 17,033,789 | € 17,291,444 | ▲ 2% |
| Retained profit | € 8,298,782 | € 9,510,956 | € 10,614,628 | € 16,548,284 | ▲ 56% |
| Dividend | € 0 | € 0 | € 400,000 | € 0 | ▼ 100% |
| Bank debt | € 9,448,921 | € 8,706,728 | € 8,107,234 | € 2,595,749 | ▼ 68% |
| Balance sheet total | € 18,194,472 | € 18,657,287 | € 19,620,865 | € 19,766,486 | ▲ 1% |
Key figures of Royal - Rubens, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Royal - Rubens?
What happened at Royal - Rubens in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5.9 million (▲ 295% vs 2024). Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.7 million profit in 2022 to € 5.9 million profit in 2025.
Paid € 4 in corporate taxes since 2022.
Best year ever: 2025, with € 5.9 million profit.
Paid out € 400,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Royal - Rubens are Maxime Vandeperre, Catherine De Backer, Alexis Vandeperre and Stefan Vandeperre. It owns 100% of Cebo and 99.7% of Ruby itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Zeedijk-Albertstrand 589
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.028.881
- VAT number
- BE 0444.028.881
- Registered office
- Zeedijk-Albertstrand 589, 8300 Knokke-Heist
- Names & denominations
- Royal - Rubens
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 1991
- Peppol
- Active · Active since 7 Nov 2025