ACTIVE

RULO

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Financial year 2025 · closed on 31/12/2025

Net result

23,1 k €

-78.2% YoY

Revenue

4,6 M €

-0.5% YoY

Equity

1,6 M €

+1.5% YoY

Workforce

15,7 ETP

+6.1% YoY

What does RULO do?

RULO is a Public limited company incorporated in 1995. Its registered office is in Pecq. It employs on average 15,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.294.253

Incorporation

03/02/1995

Legal form

Public limited company

Registered office

Chaussée d'Audenarde(HER) 82
7742 Pecq · WallonieSee on map

Contributed capital

1 300 000,00 €

Latest accounts

31/12/2025

Average workforce

15,7 ETP

Joint committees (4)

142
14201
14204
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	4,6 M €	-0.5%	4,6 M €	+47.9%	3,1 M €	+5.3%	3 M €	+14.5%	2,6 M €	-14.4%	3 M €	-25.2%	4,1 M €	+17.7%	3,4 M €	-13.9%	4 M €	-10.8%	4,5 M €	+33.3%	3,4 M €	+2.9%	3,3 M €	+38.7%	2,4 M €	-45.1%	4,3 M €	-19.5%	5,3 M €	+1.2%	5,3 M €
EBITDA	118,1 k €	-21.6%	150,7 k €	-47.0%	284,2 k €	+23.3%	230,6 k €	+31.3%	175,6 k €	-14.5%	205,3 k €	-40.1%	342,7 k €	+50.3%	227,9 k €	+33.4%	170,9 k €	-41.9%	294,1 k €	-37.3%	469,2 k €	-5.1%	494,4 k €	+2677%	17,8 k €	-96.4%	501,6 k €	-13.0%	576,9 k €	-15.1%	679,3 k €
Operating result	62,4 k €	-38.0%	100,6 k €	-59.2%	246,8 k €	+26.4%	195,2 k €	+46.0%	133,7 k €	-20.4%	168,1 k €	-32.6%	249,4 k €	+88.4%	132,3 k €	+387%	27,2 k €	-80.0%	136,2 k €	-40.3%	228,1 k €	+0.1%	228 k €	+182%	-279,4 k €	-259%	175,6 k €	-28.5%	245,7 k €	-24.3%	324,6 k €
Net result	23,1 k €	-78.2%	106 k €	-37.4%	169,4 k €	-26.6%	230,8 k €	+153%	91,2 k €	-44.9%	165,4 k €	-31.9%	242,8 k €	+96.4%	123,7 k €	+680%	15,9 k €	-84.4%	102 k €	+113%	-804,2 k €	-779%	-91,5 k €	+71.5%	-320,7 k €	-349%	128,7 k €	-23.9%	169,1 k €	-35.9%	263,9 k €
Balance sheet
Equity	1,6 M €	+1.5%	1,6 M €	+17.2%	1,3 M €	-10.2%	1,5 M €	+18.2%	1,3 M €	+7.7%	1,2 M €	+16.3%	1 M €	+30.2%	779,1 k €	+16.7%	667,5 k €	+0.6%	663,7 k €	+15.7%	573,7 k €	-58.7%	1,4 M €	-6.9%	1,5 M €	-18.5%	1,8 M €	+7.3%	1,7 M €	+9.5%	1,6 M €
Total assets	2 M €	-4.9%	2,2 M €	+5.1%	2 M €	+13.8%	1,8 M €	+4.5%	1,7 M €	+3.5%	1,7 M €	-2.7%	1,7 M €	+4.7%	1,6 M €	-10.2%	1,8 M €	-15.9%	2,2 M €	-12.8%	2,5 M €	-2.5%	2,5 M €	-31.3%	3,7 M €	-14.3%	4,3 M €	-2.8%	4,4 M €	-2.5%	4,6 M €
Cash	557,5 k €	-12.0%	633,7 k €	+135%	269,5 k €	+19.6%	225,3 k €	+61.8%	139,2 k €	-66.2%	412,3 k €	-35.2%	636,3 k €	+39.1%	457,5 k €	+3.5%	441,8 k €	+67.1%	264,4 k €	+96.6%	134,5 k €	-48.6%	261,7 k €	+424%	50 k €	-62.4%	132,8 k €	+83.7%	72,3 k €	-69.5%	237,3 k €
Debts	442,6 k €	-21.4%	563,1 k €	-19.4%	698,5 k €	+136%	296,5 k €	-34.0%	449,1 k €	-7.1%	483,2 k €	-30.5%	695 k €	-18.6%	853,6 k €	-25.8%	1,2 M €	-22.8%	1,5 M €	-21.2%	1,9 M €	+67.0%	1,1 M €	-47.8%	2,2 M €	-11.1%	2,4 M €	-8.6%	2,7 M €	-8.6%	2,9 M €
Other
Workforce	15,7 ETP	+6.1%	14,8 ETP	-1.3%	15,0 ETP	0.0%	15,0 ETP	-3.2%	15,5 ETP	-11.4%	17,5 ETP	+4.8%	16,7 ETP	+11.3%	15,0 ETP	0.0%	15,0 ETP	-11.8%	17,0 ETP	-1.7%	17,3 ETP	+21.0%	14,3 ETP	-12.3%	16,3 ETP	-24.5%	21,6 ETP	-16.9%	26,0 ETP	+10.6%	23,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

AGENCE INDEPENDANTE DE PRESTATIONS

Mandate · 0808.211.918

Active

Joël PICARD

Mandate

Active

Ended mandates

AUREA

Director · since 19 juin 2017 · until 31 décembre 2022

Ended

Joël PICARD

Managing director · since 19 juin 2017 · until 31 décembre 2022

Ended

Philippe FLEURIER

Director · since 19 juin 2017 · until 31 décembre 2022

Ended

AUREA

Director · since 18 juin 2011 · until 18 juin 2017

Represented by Philippe FLEURIER

Ended

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	01/09/2026	10/09/2025	03/09/2024	24/10/2023	21/03/2023	02/07/2021
General meeting	26/06/2026	27/06/2025	26/06/2024	26/06/2023	21/06/2022	25/06/2021
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	26/06/2026	01/09/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	10/09/2025	French	PDF
Abridged model	31/12/2023	26/06/2024	03/09/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	24/10/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	21/03/2023	French	PDF
Abridged model	31/12/2020	25/06/2021	02/07/2021	French	PDF
Full model	31/12/2019	26/06/2020	30/06/2020	French	PDF
Full model	31/12/2018	28/06/2019	05/09/2019	French	PDF
Full model	31/12/2017	12/06/2018	31/08/2018	French	PDF
Full model	31/12/2016	30/06/2017	16/08/2017	French	PDF
Full model	31/12/2015	15/02/2016	29/06/2016	French	PDF
Full model	31/12/2014	20/06/2015	28/08/2015	French	PDF
Full model	31/12/2013	21/06/2014	25/08/2014	French	PDF
Full model	31/12/2012	15/06/2013	01/08/2013	French	PDF
Full model	31/12/2011	16/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	18/06/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	19/06/2010	20/07/2010	French	PDF
Abridged model	31/12/2008	20/06/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	21/06/2008	30/06/2008	French	PDF
Abridged model	31/12/2006	16/06/2007	22/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 17 ended

Active mandates

AGENCE INDEPENDANTE DE PRESTATIONS

Mandate · 0808.211.918

Active

Joël PICARD

Mandate

Active

Ended mandates

AUREA

Director · since 19 juin 2017 · until 31 décembre 2022

Ended

Joël PICARD

Managing director · since 19 juin 2017 · until 31 décembre 2022

Ended

Philippe FLEURIER

Director · since 19 juin 2017 · until 31 décembre 2022

Ended

AUREA

Director · since 18 juin 2011 · until 18 juin 2017

Represented by Philippe FLEURIER

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates07/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates15/10/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates07/04/2009
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/12/2006
CAPITAL, ACTIONS
PDF
Mandates20/09/2006
DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/01/2006
ANNEE COMPTABLE - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202523,1 k €↓
2024
Annual accounts 2024106 k €↓
2019
Annual accounts 2019169,4 k €↓
2018
Annual accounts 2018230,8 k €↑
2017
Annual accounts 201791,2 k €↓
2016
Annual accounts 2016165,4 k €↓
2015
Annual accounts 2015242,8 k €↑
2014
Annual accounts 2014123,7 k €↑
2013
Annual accounts 201315,9 k €↓
2012
Annual accounts 2012102 k €↑
2011
Annual accounts 2011-804,2 k €↓
2010
Annual accounts 2010-91,5 k €↑
2009
Annual accounts 2009-320,7 k €↓
2008
Annual accounts 2008128,7 k €↓
2007
Annual accounts 2007169,1 k €↓
2006
Annual accounts 2006263,9 k €
03/02/1995
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

RULO

Overview

What does RULO do?

Trend over 16 financial years

Indicative valuation

Board of directors

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