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 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Rustam from Rotselaar, company number BE0846676574, closed financial year 2025 with a result of € 41,522 after tax. For that financial year Rustam recorded a gross margin of € 220,165 and equity of € 830,336. Compared with financial year 2024, the result moved from € 85,587 to € 41,522. The company is profitable. 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 June 30, 2026.
€ 830,336
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,522
▼ 51% vs 2024
Profit after tax over the fiscal year.
€ 8,850
▲ 32% 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 € 686,736.
People and assets in 2025
€ 1,442
▼ 58% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 139,601
▲ € 138,342 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,230
▲ 18% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 198,427 | € 182,737 | € 205,116 | € 220,165 | ▲ 7% |
| Profit after taxes | € 104,248 | € 98,533 | € 85,587 | € 41,522 | ▼ 51% |
| Equity | € 604,693 | € 703,226 | € 788,813 | € 830,336 | ▲ 5% |
| Total debts | € 361,940 | € 258,458 | € 415,571 | € 684,802 | ▲ 65% |
| Cash | € 6,914 | € 2,973 | € 6,720 | € 8,850 | ▲ 32% |
| Land & buildings | € 948,581 | € 951,035 | € 1,128,101 | € 1,500,717 | ▲ 33% |
| Retained profit | € 461,093 | € 559,626 | € 645,213 | € 686,736 | ▲ 6% |
| Bank debt | € 271,200 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 966,634 | € 961,684 | € 1,204,384 | € 1,515,138 | ▲ 26% |
Key figures of Rustam, 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 Rustam?
What happened at Rustam in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,522 (▼ 51% vs 2024). Source: NBB ↗
- Filip Henckens became a director. NBB
- New establishment in Rotselaar. KBO
- Start of the company according to the CBE. KBO
In short
From € 104,248 profit in 2022 to € 41,522 profit in 2025.
Paid € 87,765 in corporate taxes since 2022.
Best year ever: 2022, with € 104,248 profit.
Management
Behind Rustam is Filip Henckens. Filip Henckens is also behind EURECO, IMMO DRIESEN, OpBouwenOpLeven and Bauron.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Leuvensebaan 71
3110 Rotselaar
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0846.676.574
- VAT number
- BE 0846.676.574
- Registered office
- Leuvensebaan 71, 3110 Rotselaar
- Names & denominations
- Rustam
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 June 2012
- Peppol
- Active · Active since 29 Dec 2025
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