ACTIVE

RUSTIBUS

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Financial year 2025 · closed on 31/12/2025

Net result

594,9 k €

-19.6% YoY

Gross margin

1,4 M €

-15.1% YoY

Equity

2,7 M €

-5.2% YoY

Workforce

9,0 ETP

+2.3% YoY

What does RUSTIBUS do?

RUSTIBUS is a Public limited company incorporated in 1994. Its registered office is in Antwerpen. It employs on average 9,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.271.496

Incorporation

18/08/1994

Legal form

Public limited company

Registered office

Noordersingel 7
2140 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

9,0 ETP

Joint committees (4)

14904
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	-15.1%	1,7 M €	-13.4%	2 M €	+38.1%	1,4 M €	+27.7%	1,1 M €	+116%	512,3 k €	-11.5%	579,1 k €	-8.9%	635,9 k €	+6.6%	596,6 k €	-13.0%	685,9 k €	-8.6%	750,4 k €	+26.6%	592,7 k €	+0.4%	590,2 k €	+23.0%	479,7 k €	+33.0%	360,7 k €	-8.7%	395 k €	+31.5%	300,4 k €	+46.9%	204,5 k €	-20.6%	257,4 k €		–
EBITDA	755,7 k €	-26.7%	1 M €	-24.2%	1,4 M €	+43.1%	950,9 k €	+42.4%	667,7 k €	+645%	89,7 k €	-40.6%	151 k €	-25.7%	203,1 k €	+19.4%	170,1 k €	-41.0%	288,4 k €	-15.8%	342,5 k €	+40.8%	243,3 k €	-3.8%	252,8 k €	+62.3%	155,8 k €	+95.8%	79,5 k €	-45.6%	146,3 k €	+176%	53 k €	+553%	8,1 k €	-91.9%	99,5 k €	+47.7%	67,4 k €
Operating result	786,5 k €	-17.9%	958 k €	-32.4%	1,4 M €	+68.5%	841,3 k €	+22.8%	685,1 k €	+715%	84,1 k €	+1.7%	82,7 k €	-57.5%	194,4 k €	+1.7%	191,2 k €	-30.7%	275,7 k €	-15.7%	327,1 k €	+47.2%	222,2 k €	+27.5%	174,2 k €	+79.5%	97,1 k €	+405%	19,2 k €	-78.0%	87,3 k €	+1843%	-5 k €	-145%	-2 k €	-102%	88,1 k €	+42.5%	61,8 k €
Net result	594,9 k €	-19.6%	740,2 k €	-31.0%	1,1 M €	+70.7%	628,3 k €	+24.4%	505,2 k €	+806%	55,8 k €	-52.7%	117,8 k €	+31.8%	89,4 k €	-59.9%	222,8 k €	+9.0%	204,3 k €	+65.9%	123,2 k €	-23.0%	160 k €	+403%	31,8 k €	-7.9%	34,5 k €	+224%	10,7 k €	-82.3%	60,2 k €	+248%	-40,7 k €	-263%	24,9 k €	-59.8%	62,1 k €	+49.3%	41,6 k €
Balance sheet
Equity	2,7 M €	-5.2%	2,8 M €	-10.4%	3,2 M €	+37.8%	2,3 M €	+22.8%	1,9 M €	+36.8%	1,4 M €	+4.2%	1,3 M €	+9.8%	1,2 M €	+8.1%	1,1 M €	+25.1%	887,9 k €	+29.9%	683,6 k €	+22.0%	560,4 k €	+40.0%	400,4 k €	+8.6%	368,5 k €	+10.3%	334 k €	+3.3%	323,3 k €	+22.9%	263,1 k €	-13.4%	303,8 k €	+8.9%	278,9 k €	+28.6%	216,8 k €
Total assets	2,9 M €	-9.6%	3,2 M €	-9.7%	3,5 M €	+32.0%	2,7 M €	+15.6%	2,3 M €	+35.1%	1,7 M €	-20.1%	2,2 M €	+1.5%	2,1 M €	+0.5%	2,1 M €	-11.9%	2,4 M €	+15.3%	2,1 M €	-3.3%	2,2 M €	+11.8%	1,9 M €	+13.2%	1,7 M €	+46.1%	1,2 M €	+31.9%	882,2 k €	+21.5%	725,8 k €	+34.7%	539 k €	-5.0%	567,6 k €	+49.7%	379,3 k €
Cash	1 M €	-5.9%	1,1 M €	+23.6%	868,3 k €	+69.9%	511,1 k €	-6.8%	548,6 k €	+59.4%	344,2 k €	+265%	94,2 k €	+19.8%	78,7 k €	-51.2%	161,3 k €	-5.6%	170,9 k €	+134%	72,9 k €	+20.6%	60,5 k €	-33.2%	90,5 k €	-52.9%	192,1 k €	+196%	64,9 k €	+18.7%	54,7 k €	+38.7%	39,4 k €	+6.1%	37,1 k €	-31.8%	54,5 k €	+155%	21,4 k €
Debts	191,3 k €	-43.8%	340,3 k €	-4.3%	355,6 k €	-3.9%	369,9 k €	-16.4%	442,2 k €	+27.2%	347,7 k €	-58.3%	833,8 k €	-1.0%	842,4 k €	-9.6%	931,6 k €	-36.0%	1,5 M €	+17.6%	1,2 M €	-18.1%	1,5 M €	+9.2%	1,4 M €	+4.9%	1,3 M €	+59.5%	826,7 k €	+48.2%	557,8 k €	+20.6%	462,5 k €	+96.7%	235,2 k €	-18.5%	288,7 k €	+77.7%	162,5 k €
Other
Workforce	9,0 ETP	+2.3%	8,8 ETP	+22.2%	7,2 ETP	+22.0%	5,9 ETP	-9.2%	6,5 ETP	0.0%	6,5 ETP	+1.6%	6,4 ETP	-7.2%	6,9 ETP	+15.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	+25.0%	4,8 ETP	0.0%	4,8 ETP	-2.0%	4,9 ETP	+4.3%	4,7 ETP	+17.5%	4,0 ETP	0.0%	4,0 ETP	+21.2%	3,3 ETP	+57.1%	2,1 ETP	-8.7%	2,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 30 ended

Active mandates

Christian Andre Ness

Director · since 21 mai 2025 · until 31 mars 2031

Active

Terje Brathen

Director · since 21 mai 2025 · until 31 mars 2031

Active

Ended mandates

KRISTIAN DALSEIDE

Director · since 27 octobre 2023 · until 26 mai 2029

Ended

Terje Brathen

Director · since 27 octobre 2023 · until 26 mai 2029

Ended

ANNE-MARTHE DALSEIDE

Director · since 17 mars 2021 · until 27 octobre 2023

Ended

ANNE-MARTHE DALSEIDE

Director · since 17 mars 2021 · until 17 mars 2027

Ended

At this address

Other companies at this address

Company	CBE no.
PARKET DEPOT LACHAPPELLE● Bankrupt	0437.059.531

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/05/2026	28/03/2025	02/04/2024	21/06/2023	31/05/2022	08/06/2021
General meeting	13/03/2026	24/03/2025	20/03/2024	27/05/2023	28/05/2022	29/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/03/2026	06/05/2026	Dutch	PDF
Abridged model	31/12/2024	24/03/2025	28/03/2025	Dutch	PDF
Abridged model	31/12/2023	20/03/2024	02/04/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2020	29/05/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	05/06/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	27/05/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	19/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	20/06/2008	Dutch	PDF
Full model	31/12/2006	26/05/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 30 ended

Active mandates

Christian Andre Ness

Director · since 21 mai 2025 · until 31 mars 2031

Active

Terje Brathen

Director · since 21 mai 2025 · until 31 mars 2031

Active

Ended mandates

KRISTIAN DALSEIDE

Director · since 27 octobre 2023 · until 26 mai 2029

Ended

Terje Brathen

Director · since 27 octobre 2023 · until 26 mai 2029

Ended

ANNE-MARTHE DALSEIDE

Director · since 17 mars 2021 · until 27 octobre 2023

Ended

ANNE-MARTHE DALSEIDE

Director · since 17 mars 2021 · until 17 mars 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other16/02/2011
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/05/2008
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025594,9 k €↓
2024
Annual accounts 2024740,2 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022628,3 k €↑
2021
Annual accounts 2021505,2 k €↑
2020
Annual accounts 202055,8 k €↓
2019
Annual accounts 2019117,8 k €↑
2018
Annual accounts 201889,4 k €↓
2017
Annual accounts 2017222,8 k €↑
2016
Annual accounts 2016204,3 k €↑
2015
Annual accounts 2015123,2 k €↓
2014
Annual accounts 2014160 k €↑
2013
Annual accounts 201331,8 k €↓
2012
Annual accounts 201234,5 k €↑
2011
Annual accounts 201110,7 k €↓
2010
Annual accounts 201060,2 k €↑
2009
Annual accounts 2009-40,7 k €↓
2008
Annual accounts 200824,9 k €↓
2007
Annual accounts 200762,1 k €↑
2006
Annual accounts 200641,6 k €
18/08/1994
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RUSTIBUS

Overview

What does RUSTIBUS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline