ACTIVE

RURSUS REAL ESTATE DEVELOPMENT

Financial year 2026 · Closed on 31/03/2026

Net result1,3 M €+4,1 %over 1 year
Gross margin4,3 k €-92,6 %over 1 year
Equity7,1 M €+23,0 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

RURSUS REAL ESTATE DEVELOPMENT is a Private limited company incorporated in 2020. Its main activity is: Activities of holding companies. Its registered office is in Brugge.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0758.989.069
Incorporation
02/12/2020
Legal form
Private limited company
Registered office
Scheepsdalelaan 60
8000 Brugge · FlandreSee on map
Contributed capital
6 000,00 €
Latest accounts
31/03/2026
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20262025202420232022
Income statement
Gross margin4,3 k €58,3 k €95,2 k €124,8 k €176,3 k €
EBITDA3,2 k €57,1 k €94,6 k €124,2 k €175,4 k €
Operating result3,2 k €57,1 k €94,6 k €124,2 k €175,4 k €
Net result1,3 M €1,3 M €2,1 M €2,1 M €286,8 k €
Balance sheet
Equity7,1 M €5,8 M €4,5 M €2,4 M €292,8 k €
Total assets11,4 M €11,4 M €11,4 M €10,2 M €10,2 M €
Cash40,9 k €1,2 k €51,7 k €136,5 k €100,1 k €
Debts4,3 M €5,7 M €6,9 M €7,7 M €9,9 M €
Other
Workforce0,0 ETP0,0 ETP–––

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
INVESTMENTS MICHOLT0768.572.867Represented by Hendrik Micholt
Directorsince 20/05/2021
Modus Vivendi Projects0508.682.153Represented by Gurickx Michael
Directorsince 02/12/2020

Other companies at this address

Scheepsdalelaan 60 8000 Brugge
CompanyCBE no.
GILBEKO● Active
0453.564.674
Invedel● Active
0443.073.333
1034.143.229
Novus● Active
0466.286.522
Novus Construct● Active
0849.385.151
Novus Holding● Active
0847.250.359

Full financial information

Source · NBB
20262025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202501/04/202401/04/202301/04/202202/12/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/2022
Length of the financial year12 months12 months12 months12 months16 months
Filing date26/10/202610/10/202525/10/202426/10/202309/11/2022
General meeting29/09/202630/09/202530/09/202430/09/202314/10/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202629/09/202626/10/2026DutchPDF
Abridged model31/03/202530/09/202510/10/2025DutchPDF
Abridged model31/03/202430/09/202425/10/2024DutchPDF
Abridged model31/03/202330/09/202326/10/2023DutchPDF
Abridged model31/03/202214/10/202209/11/2022DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/03/2026

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
INVESTMENTS MICHOLT0768.572.867Represented by Hendrik Micholt
Directorsince 20/05/2021
Modus Vivendi Projects0508.682.153Represented by Gurickx Michael
Directorsince 02/12/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates11/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/12/2020
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings5 filings
Mandates
INVESTMENTS MICHOLT
Modus Vivendi Projects
2020202120222023202420252026
RRED
Scheepsdalelaan 60, 8000 Brugge
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Scheepsdalelaan 60, 8000 BruggeCurrent
accounts 2022 → 2026
Accounts 2026 · 2026-00568610

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
RURSUS REAL ESTATE DEVELOPMENTCurrent
CBE
RRED
accounts 2022 → 2026
Accounts 2026 · 2026-00568610

Events

  1. 2026
    Annual accounts 20261,3 M €↑
  2. 2025
    Annual accounts 20251,3 M €↓
  3. 2024
    Annual accounts 20242,1 M €↓
  4. 2023
    Annual accounts 20232,1 M €↑
  5. 2022
    Annual accounts 2022286,8 k €
  6. 02/12/2020
    IncorporationPrivate limited company