ACTIVE

RubyCo

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Financial year 2025 · closed on 31/12/2025

Net result

223,0 k €

-25.9% YoY

Gross margin

239,6 k €

-12.6% YoY

Equity

8,3 M €

-3.4% YoY

What does RubyCo do?

RubyCo is a Public limited company incorporated in 2006. Its main activity is: Technical testing and analysis. Its registered office is in Destelbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.687.744

Incorporation

10/04/2006

Legal form

Public limited company

Registered office

Dendermondesteenweg 295
9070 Destelbergen · FlandreSee on map

Contributed capital

1 596 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

71230Technical testing and analysis· main 77350Rental and leasing of air transport equipment 77350Rental and leasing of air transport equipment 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70200Management consultancy activities+2

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	239,6 k €	-12.6%	274,2 k €	-11.0%	308,1 k €	+18.9%	259,1 k €	+169%	96,3 k €	-72.1%	345,4 k €	-19.0%	426,3 k €	-12.7%	488,4 k €	-5.1%	514,6 k €	+52.7%	337,0 k €	-29.0%	474,5 k €	+29.2%	367,3 k €	-8.0%	399,4 k €	-10.6%	446,9 k €	+792%	50,1 k €	+191%	17,2 k €	+82.8%	9,4 k €
EBITDA	230,0 k €	-12.6%	263,1 k €	-12.8%	301,8 k €	+23.5%	244,3 k €	+157%	95,2 k €	-71.6%	334,9 k €	-20.0%	418,5 k €	-11.7%	474,3 k €	-6.7%	508,2 k €	+54.6%	328,7 k €	-29.6%	466,6 k €	+32.0%	353,5 k €	-4.1%	368,5 k €	+77.1%	208,1 k €	+349%	46,3 k €	+401%	9,2 k €	+79.4%	5,2 k €
Operating result	109,2 k €	-27.9%	151,5 k €	-28.0%	210,4 k €	+32.6%	158,7 k €	+1093%	-16,0 k €	-107%	219,5 k €	-25.5%	294,8 k €	-21.5%	375,7 k €	-11.3%	423,4 k €	+73.2%	244,5 k €	-37.0%	387,8 k €	+41.5%	274,0 k €	-5.1%	288,8 k €	+112%	136,4 k €	+1668%	-8,7 k €	+79.0%	-41,4 k €	-56.9%	-26,4 k €
Net result	223,0 k €	-25.9%	301,1 k €	-17.0%	363,0 k €	-0.6%	365,1 k €	+299%	91,5 k €	-95.3%	2,0 M €	+632%	267,1 k €	-12.2%	304,0 k €	-73.5%	1,1 M €	+300%	286,6 k €	+39.0%	206,3 k €	-66.6%	617,3 k €	+354%	135,9 k €	+13.3%	120,0 k €	+20.4%	99,7 k €	-2.7%	102,4 k €	-85.8%	718,9 k €
Balance sheet
Equity	8,3 M €	-3.4%	8,6 M €	+3.6%	8,3 M €	+4.6%	7,9 M €	+3.5%	7,7 M €	+2.1%	7,5 M €	+35.2%	5,6 M €	+5.1%	5,3 M €	+53.4%	3,4 M €	+49.8%	2,3 M €	+14.2%	2,0 M €	-38.9%	3,3 M €	+23.0%	2,7 M €	+5.3%	2,5 M €	+5.0%	2,4 M €	-36.6%	3,8 M €	+2.8%	3,7 M €
Total assets	8,8 M €	+2.6%	8,6 M €	+2.5%	8,4 M €	+4.1%	8,1 M €	+4.8%	7,7 M €	-14.2%	9,0 M €	+20.6%	7,4 M €	+2.0%	7,3 M €	+31.4%	5,6 M €	+16.9%	4,8 M €	-7.5%	5,1 M €	+5.9%	4,8 M €	+6.2%	4,6 M €	+3.3%	4,4 M €	+7.4%	4,1 M €	+1.7%	4,0 M €	+5.5%	3,8 M €
Cash	1,0 M €	-30.4%	1,5 M €	-16.4%	1,8 M €	+12.3%	1,6 M €	+12.8%	1,4 M €	-38.6%	2,3 M €	+84.1%	1,2 M €	-7.1%	1,3 M €	+150%	534,9 k €	+11.0%	482,0 k €	-44.0%	860,4 k €	+2315%	35,6 k €	-67.8%	110,6 k €	+240%	32,5 k €	-24.1%	42,8 k €	+71.1%	25,0 k €	+2.0%	24,5 k €
Debts	531,8 k €	+3320%	15,5 k €	-85.6%	108,1 k €	-21.6%	137,9 k €	+301%	34,4 k €	-97.7%	1,5 M €	-22.4%	1,9 M €	-5.9%	2,0 M €	-4.6%	2,1 M €	-14.1%	2,5 M €	-21.5%	3,1 M €	+101%	1,6 M €	-17.7%	1,9 M €	+0.4%	1,9 M €	+11.2%	1,7 M €	+661%	221,8 k €	+96.6%	112,9 k €

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 · 3 active · 10 ended

Active mandates

Frank Vercruyssen

Managing director · since 01 avril 2023

Active

Giel Vercruyssen

Director · since 01 avril 2023

Active

Karen Vermeulen

Managing director · since 01 avril 2023

Active

Ended mandates

Frank Vercruyssen

Director · since 01 avril 2023 · until 31 mars 2029

Ended

Giel Vercruyssen

Director · since 01 avril 2023 · until 31 mars 2029

Ended

Karen Vermeulen

Director · since 01 avril 2023 · until 31 mars 2029

Ended

Frank Vercruyssen

Managing director · since 01 juillet 2017 · until 30 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ACTUAL FASHION● Active	0434.499.127
Organizit● Active	1035.074.726

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	12/03/2026	10/03/2025	21/03/2024	17/03/2023	04/04/2022	26/04/2021
General meeting	08/03/2026	10/03/2025	10/03/2024	12/03/2023	13/03/2022	14/03/2021
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	08/03/2026	12/03/2026	Dutch	PDF
Abridged model	31/12/2024	10/03/2025	10/03/2025	Dutch	PDF
Abridged model	31/12/2023	10/03/2024	21/03/2024	Dutch	PDF
Abridged model	31/12/2022	12/03/2023	17/03/2023	Dutch	PDF
Abridged model	31/12/2021	13/03/2022	04/04/2022	Dutch	PDF
Abridged model	31/12/2020	14/03/2021	26/04/2021	Dutch	PDF
Abridged model	31/12/2019	08/03/2020	06/04/2020	Dutch	PDF
Abridged model	31/12/2018	10/03/2019	08/04/2019	Dutch	PDF
Abridged model	31/12/2017	11/03/2018	09/04/2018	Dutch	PDF
Abridged model	31/12/2016	12/03/2017	28/03/2017	Dutch	PDF
Abridged model	31/12/2015	13/03/2016	07/04/2016	Dutch	PDF
Abridged model	31/12/2014	08/03/2015	23/03/2015	Dutch	PDF
Abridged model	31/12/2013	10/03/2014	31/03/2014	Dutch	PDF
Abridged model	31/12/2012	11/03/2013	29/03/2013	Dutch	PDF
Abridged model	31/12/2011	11/03/2012	12/04/2012	Dutch	PDF
Abridged model	31/12/2010	13/03/2011	05/04/2011	Dutch	PDF
Abridged model	31/12/2009	14/03/2010	07/04/2010	Dutch	PDF
Abridged model	30/11/2008	08/03/2009	12/03/2009	Dutch	PDF
Abridged model	30/11/2007	09/03/2008	26/03/2008	Dutch	PDF
Abridged model	30/11/2006	11/03/2007	21/03/2007	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 · 3 active · 10 ended

Active mandates

Frank Vercruyssen

Managing director · since 01 avril 2023

Active

Giel Vercruyssen

Director · since 01 avril 2023

Active

Karen Vermeulen

Managing director · since 01 avril 2023

Active

Ended mandates

Frank Vercruyssen

Director · since 01 avril 2023 · until 31 mars 2029

Ended

Giel Vercruyssen

Director · since 01 avril 2023 · until 31 mars 2029

Ended

Karen Vermeulen

Director · since 01 avril 2023 · until 31 mars 2029

Ended

Frank Vercruyssen

Managing director · since 01 juillet 2017 · until 30 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/11/2016
KAPITAAL - AANDELEN
PDF
Registered office06/01/2015
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares08/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/12/2009
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025223,0 k €↓
2024
Annual accounts 2024301,1 k €↓
2023
Annual accounts 2023363,0 k €↓
2022
Annual accounts 2022365,1 k €↑
2021
Annual accounts 202191,5 k €↓
2018
Annual accounts 20182,0 M €↑
2017
Annual accounts 2017267,1 k €↓
2016
Annual accounts 2016304,0 k €↓
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 2014286,6 k €↑
2013
Annual accounts 2013206,3 k €↓
2012
Annual accounts 2012617,3 k €↑
2011
Annual accounts 2011135,9 k €↑
2010
Annual accounts 2010120,0 k €↑
2009
Annual accounts 200999,7 k €↓
2008
Annual accounts 2008102,4 k €↓
2007
Annual accounts 2007718,9 k €
10/04/2006
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

RubyCo

Overview

What does RubyCo do?

Trend over 17 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