Checked.be
Active
BE 0475.161.725Private limited company
IMMO ROC
Rue Louis Demeuse 31 ·4040 Herstal, Belgium· 25 yrs active
Sector: General construction of residential buildings
(41001)
Conclusion
IMMO ROC has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €572k and a net result of €79k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 9020 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €572k |
| Net result | €79k |
| Staff (FTE) | 2.4 |
| Better than sector | 37% |
Financial profile
83
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
99
Profitability
75
Solvency
57
Growth
85
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2001, 25 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
99
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€55k
estimate, not credit advice
Score history
77
2021
97
2022
99
2023
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.54 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.41 (≥ 1.0)
+5
Profitability
ROE 14% (≥ 10%)
+10
EBITDA margin
EBITDA-marge 19% (≥ 10%)
+8
Interest coverage
Interest coverage 11.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-09-2024 with the NBB · fiscal year 2023 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~13.7%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2023 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 28.8% | 40.5% | |
| Net result | €79k | €8k | |
| Equity | €572k | €45k | |
| Gross operating margin | €361k | €32k | |
| Staff costs | €123k | €37k |
€1.04M
+12.8%
21-23
€193k
+49.8%
21-23
€79k
+39.0%
21-23
€149k
+51.2%
21-23
€1.98M
+84.8%
21-23
€572k
+16.0%
21-23
€277k
+53.7%
21-23
2
+60.0%
21-23
€123k
+201.0%
21-23
€28k
+45.4%
21-23
€1.41M
+143.3%
21-23
€510k
+20.1%
21-23
€901k
+477.5%
21-23
1.54
+8.3%
21-23
1.41
+18.9%
21-23
28.8%
-37.2%
21-23
2.47
+109.8%
21-23
13.8%
+19.9%
21-23
4.0%
-24.8%
21-23
7.6%
+23.3%
21-23
18.6%
+32.8%
21-23
11.33
+15.9%
21-23
Figures by fiscal year and ratios
| Fiscal year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | €1.04M | €922k | €245k |
| EBITDA | €193k | €129k | €60k |
| Net profit | €79k | €57k | €17k |
| Cash flow | €149k | €99k | €51k |
| Staff costs | €123k | €41k | €66k |
| Income taxes | €28k | €19k | €-3k |
| Dividends | - | - | - |
| Total assets | €1.98M | €1.07M | €1.13M |
| Equity | €572k | €493k | €437k |
| Debt | €1.41M | €580k | €692k |
| of which ≤ 1y | €510k | €424k | €506k |
| of which > 1y | €901k | €156k | €186k |
| Working capital | €277k | €180k | €202k |
| Employees (FTE) | 2.4 | 1.5 | 1.8 |
Ratios (computed)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Current ratio | 1.54 | 1.42 | 1.40 |
| Quick ratio | 1.41 | 1.19 | 0.72 |
| Working capital ratio | 14.0% | 16.8% | 17.9% |
| Solvency | 28.8% | 45.9% | 38.7% |
| Debt / equity | 2.47 | 1.18 | 1.58 |
| Long-term debt ratio | 1.57 | 0.32 | 0.43 |
| Interest coverage | 11.33 | 9.77 | 4.97 |
| Gross margin | 34.7% | 39.1% | -13.9% |
| Net margin | 7.6% | 6.1% | 7.0% |
| ROA | 4.0% | 5.3% | 1.5% |
| ROE | 13.8% | 11.5% | 3.9% |
| EBITDA margin | 18.6% | 14.0% | 24.6% |
| Days sales outstanding | 129d | 107d | 529d |
| Days payable outstanding | 107d | 68d | 356d |
| Inventory turnover | 9.93 | 5.53 | 0.81 |
| Days inventory (DSI) | 37d | 66d | 448d |
Balance-sheet composition 2023
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €1.98M | €1.07M | €1.13M |
| Fixed assets | 21/28 | €1.20M | €469k | €421k |
| Tangible fixed assets | 22/27 | €1.18M | €456k | €408k |
| Financial fixed assets | 28 | €13k | €13k | €13k |
| Current assets | 29/58 | €787k | €605k | €708k |
| Stocks & contracts in progress | 3 | €68k | €102k | €342k |
| Amounts receivable within one year | 40/41 | €620k | €411k | €357k |
| Cash & bank | 54/58 | €95k | €89k | €8k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.98M | €1.07M | €1.13M |
| Equity | 10/15 | €572k | €493k | €437k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €394k | €355k | €355k |
| Accumulated profits (losses) | 14 | €159k | €119k | €63k |
| Amounts payable | 17/49 | €1.41M | €580k | €692k |
| Amounts payable after one year | 17 | €901k | €156k | €186k |
| Amounts payable within one year | 42/48 | €510k | €424k | €506k |
| Trade debts payable within one year | 44 | €199k | €104k | €272k |
| Income statement | ||||
| Turnover | 70 | €1.04M | €922k | €245k |
| Gross operating margin | 9900 | €361k | €175k | €131k |
| Operating result | 9901 | €123k | €87k | €26k |
| Financial income | 75 | €888 | €2k | €81 |
| Financial charges | 65 | €17k | €13k | €12k |
| Result before taxes | 9903 | €106k | €76k | €14k |
| Income taxes | 67/77 | €28k | €19k | €-3k |
| Net result for the period | 9904 | €79k | €57k | €17k |
| Result to be appropriated | 9905 | €40k | €57k | €14k |
Directors & mandates
Current directors & mandates
-
EPISCOPO MicheleDirectorState Gazette act 23312174 (08-02-2023)Current08-02-2023 → present
Legal Structure
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 03-07-2001 |
| Status | Active |
| Postal code | 4040 |
Establishment units
IMMO ROC
since 20052.146.235.262
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62066A0044/00V000 | Wallonia | 1,312 m² | 1 · 287 m² | 5.9 m · 1 fl. |
| 62315G0551/00K002 | Wallonia | 293 m² | 1 · 72 m² | 10.6 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Highest result since 2021net €79k ▲39%
Operating result €123k, net result €79k, both a record.
31-12
Financial
Equity above €500kEq €572k ▲16%
3 profitable years in a row build equity to €572k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
08-02
State Gazette act
Statutes amendment
v3.2
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 202 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 60 days late
11-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 315 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
29-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 90 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 3 years ago
2023
08-02-2023 Articles of association amended
Summary:
v3.2
Technical details
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"subject_company": {
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}Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001General electrical installation work4321145310Development of residential building projects68121Specialised construction activities43213Installation of electric heating, air conditioning, cooling and ventilation4322245212Retail sale of information and communication equipment47400Retail trade4743070111
Names & trade names
| Legal nameFR | IMMO ROC |
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