Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
RURSUS REAL ESTATE DEVELOPMENT from Brugge, company number BE0758989069, closed financial year 2026 with a result of € 1.3 million after tax. For that financial year RURSUS REAL ESTATE DEVELOPMENT recorded a gross margin of € 4,315 and equity of € 7.1 million. Compared with financial year 2025, the result moved from € 1.3 million to € 1.3 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 October 26, 2026.
€ 7.1 million
▲ 23% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 4% vs 2025
Profit after tax over the fiscal year.
€ 40,867
▲ € 39,660 vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 7.1 million.
People and assets in 2026
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2026
€ 4 million
▼ 25% vs 2025
Loans from banks and other lenders, long and short.
€ 71,611
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 124,761 | € 95,185 | € 58,262 | € 4,315 | ▼ 93% |
| Profit after taxes | € 2,146,218 | € 2,060,136 | € 1,276,512 | € 1,328,395 | ▲ 4% |
| Equity | € 2,439,068 | € 4,499,203 | € 5,775,715 | € 7,104,111 | ▲ 23% |
| Total debts | € 7,727,477 | € 6,945,875 | € 5,656,006 | € 4,330,682 | ▼ 23% |
| Cash | € 136,544 | € 51,714 | € 1,207 | € 40,867 | ▲ € 39,660 |
| Retained profit | € 2,433,068 | € 4,493,203 | € 5,769,715 | € 7,098,111 | ▲ 23% |
| Bank debt | € 7,500,000 | € 6,663,364 | € 5,363,364 | € 4,003,364 | ▼ 25% |
| Balance sheet total | € 10,166,545 | € 11,445,078 | € 11,431,722 | € 11,434,793 |
Key figures of RURSUS REAL ESTATE DEVELOPMENT, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to RURSUS REAL ESTATE DEVELOPMENT?
What happened at RURSUS REAL ESTATE DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 1.3 million (▲ 4% vs 2025). Source: NBB ↗
- Investments Micholt BV became a director. NBB
- New establishment in Brugge. KBO
- Modus Vivendi Projects BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2.1 million profit in 2023 to € 1.3 million profit in 2026.
Best year ever: 2023, with € 2.1 million profit.
Management
Behind RURSUS REAL ESTATE DEVELOPMENT are Investments Micholt BV and Modus Vivendi Projects BV. It owns 30% of Novus Holding itself.
Directors
According to the 2026 annual accounts
since 2021
Director · represented by Gurickx Michael
Also active at: T SAMMELTJE, KEUVELLAND, PARK AAN DE STROOM I, PARK AAN DE STROOM II, Novus Construct
since 2020
Establishments
Establishment units
Physical locations of this company
Scheepsdalelaan 60
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Invedel
€ 495,456 gross margin · 2025
GILBEKO
€ -11,199 gross margin · 2025
Novus same network
€ 10.2 million revenue · 2025
Novus Holding same network
€ 143,400 revenue · 2025
Novus Construct same network
€ 293,208 gross margin · 2025
+1 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
- 0758.989.069
- VAT number
- BE 0758.989.069
- Registered office
- Scheepsdalelaan 60, 8000 Brugge
- Names & denominations
- RURSUS REAL ESTATE DEVELOPMENT · RRED
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2020
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
Activiteiten van holdings
Holdings
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