ACTIVE

RUSAL

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Financial year 2025 · closed on 30/09/2025
Net result
9,9 k €
+129.7% YoY
Gross margin
36,5 k €
+227.9% YoY
Equity
22,1 k €
+81.6% YoY

What does RUSAL do?

RUSAL is a Private company with limited liability incorporated in 2018. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0700.671.085
Incorporation
06/08/2018
Legal form
Private company with limited liability
Registered office
Uitbreidingstraat 66 box 85
2600 Antwerpen · FlandreSee on map
Contributed capital
12 500,00 €
Latest accounts
30/09/2025
Contacts
1 public detail availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin36,5 k €-28,5 k €12,3 k €28,1 k €76 k €87,3 k €6,4 k €
EBITDA36,3 k €-28,8 k €12,3 k €27,1 k €30,5 k €8,9 k €5 k €
Operating result32,1 k €-28,8 k €9 k €25 k €26,6 k €6,5 k €4,5 k €
Net result9,9 k €-33,4 k €-3,4 k €15,8 k €13,3 k €4,4 k €3,1 k €
Balance sheet
Equity22,1 k €12,2 k €45,6 k €49,1 k €33,3 k €20 k €15,6 k €
Total assets527,1 k €746,5 k €685,3 k €443,1 k €445,7 k €291,7 k €60,8 k €
Cash347,9 €17,6 k €13,5 k €14,3 k €10,5 k €82,9 k €135,7 €
Debts499,5 k €734,3 k €639,7 k €394,1 k €412,4 k €235,8 k €45,1 k €
Other
Workforce––––1,9 ETP3,0 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Velislav Pavlov

Director

Active

Ended mandates

Pavlov Velislav

Director · since 08 août 2018

Ended
Pavlov Velislav

Manager · since 08 août 2018

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/04/202626/05/202530/04/202401/05/202303/05/202207/05/2021
General meeting27/03/202631/03/202529/03/202431/03/202325/03/202226/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202527/03/202629/04/2026DutchPDF
Abridged model30/09/202431/03/202526/05/2025DutchPDF
Abridged model30/09/202329/03/202430/04/2024DutchPDF
Micro model30/09/202231/03/202301/05/2023DutchPDF
Abridged model30/09/202125/03/202203/05/2022DutchPDF
Abridged model30/09/202026/03/202107/05/2021DutchPDF
Abridged model30/09/201927/03/202029/04/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025 · 1 active · 2 ended

Active mandates

Velislav Pavlov

Director

Active

Ended mandates

Pavlov Velislav

Director · since 08 août 2018

Ended
Pavlov Velislav

Manager · since 08 août 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office16/06/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office26/10/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office30/04/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other08/08/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 20259,9 k €↑
  2. 2024
    Annual accounts 2024-33,4 k €↓
  3. 2023
    Annual accounts 2023-3,4 k €↓
  4. 2022
    Annual accounts 202215,8 k €↑
  5. 2021
    Annual accounts 202113,3 k €↑
  6. 2020
    Annual accounts 20204,4 k €↑
  7. 2019
    Annual accounts 20193,1 k €
  8. 06/08/2018
    IncorporationPrivate company with limited liability