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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Rubbergreen Industrie from Frameries, company number BE0812243356, closed financial year 2025 with a result of € -1.7 million after tax. For that financial year Rubbergreen Industrie recorded a gross margin of € 1.6 million and equity of € 2.8 million. Compared with financial year 2024, the result moved from € -2 million to € -1.7 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 2.8 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.7 million
▲ 14 % less loss than in 2024
Profit after tax over the fiscal year.
€ 132,103
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
38.7
▲ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▼ 8% vs 2024
€ 58,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 770,446
▼ 1% vs 2024
Of which on lease € 740,054.
Debts at end 2025
€ 4.2 million
▼ 17% vs 2024
€ 607,255 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 861,157
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 487,896
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,289,674 | € 1,072,115 | € 1,441,018 | € 1,626,118 | ▲ 13% |
| Profit after taxes | € -414,777 | € -2,109,767 | € -2,025,635 | € -1,741,275 | ▲ € 284,360 |
| Equity | € 5,022,615 | € 3,216,535 | € 2,543,616 | € 2,784,059 | ▲ 9% |
| Total debts | € 5,286,359 | € 6,160,430 | € 6,283,368 | € 5,515,587 | ▼ 12% |
| Cash | € 2,445,979 | € 282,822 | € 579,789 | € 132,103 | ▼ 77% |
| Land & buildings | € 2,517,134 | € 2,831,817 | € 2,741,062 | € 2,652,350 | ▼ 3% |
| Retained profit | € -2,138,038 | € -4,247,805 | € -6,273,440 | € -1,814,715 | ▲ € 4.5 million |
| Bank debt | € 4,253,120 | € 4,762,415 | € 5,011,177 | € 4,155,683 | ▼ 17% |
| Balance sheet total | € 10,308,974 | € 9,376,965 | € 8,826,984 | € 8,299,646 | ▼ 6% |
| Employees (FTE) | 31.4 | 32.6 | 36 | 38.7 | ▲ 2.7 |
Key figures of Rubbergreen Industrie, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Rubbergreen Industrie?
What happened at Rubbergreen Industrie in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nicolas Defauw stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.7 million. filed late Source: NBB ↗
- Mindchange.GEGC stepped down as director. NBB
- Ophiuchus stepped down as director. NBB
- Frédéric de Stexhe stepped down as director. NBB
- IMBC SPINNOVA stepped down as director. NBB
- Frédéric de Stexhe became a director. NBB
- Nicolas Defauw became a director. NBB
In short
From € 414,777 loss in 2022 to € 1.7 million loss in 2025.
Paid € 6,877 in corporate taxes since 2022.
On average € 42,000 of value added per employee in 2025.
Management
The stake of MARCOTECH, IMBC SPINNOVA, IMBC CAPITAL RISQUE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Rubbergreen IndustrieThe shares are held by MARCOTECH (18.5%), IMBC SPINNOVA (17.2%) and IMBC CAPITAL RISQUE (10.9%).
Directors
According to the 2025 annual accounts
Director · represented by Guy ETHIER
since 2022 · until 2026
Managing director · represented by Olivier PRUD'HOMME
since 2022 · until 2026
Frédéric de Stexhe
Administrateur judiciaire
since 2024 · until 2026
since 2023 · until 2029
Director · represented by Serge DEMOULIN
Also active at: MULTITEL, IONICS, EURO-MULTITEL, INNOVATION FUND, ESIX SURFACE TECHNOLOGIES, ANTOPOLIS, Vives Inter-University Fund, GATE2
since 2020 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Route de Bavay 44
7080 Frameries
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0812.243.356
- VAT number
- BE 0812.243.356
- Registered office
- Route de Bavay 44, 7080 Frameries
- Names & denominations
- Rubbergreen Industrie
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 2009
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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