KOEN ROTSAERT
ActiveKOEN ROTSAERT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42k and a net result of €9k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 23% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+3
Solvency46▼-7
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.47 against 1.2 in 2023; short-term debt: 29.5% and cash: 3.4% of total assets), and 78.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.4%
Return on assets
4.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36373 sector peers (2024).
NBB · sector comparisonPosition among 36373 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
35 d early
2022
32 d early
2021
35 d early
2020
33 d early
2019
26 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€42k▼ 32.4%
2023 · €63k
2018: €42k
2019: €55k
2020: €65k
2021: €60k
2022: €58k
2023: €63k
2018 → 2024
Total assets
€198k▼ 12.2%
2023 · €225k
2018: €81k
2019: €138k
2020: €112k
2021: €104k
2022: €289k
2023: €225k
2018 → 2024
Net result
€9k▲ 94.0%
2023 · €4k
2018: €7k
2019: €12k
2020: €16k
2021: €5k
2022: €-2k
2023: €4k
2018 → 2024
Working capital
€-31k
2023 · €7k
2018: €18k
2019: €29k
2020: €32k
2021: €11k
2022: €-1k
2023: €7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€60k▼ 8.1%€58k▼ 2.7%€63k▲ 7.7%€42k▼ 32.4%
Operating result€24k-€8k▼ 64.9%€524▼ 93.8%€8k▲ 1,456%€16k▲ 97.3%
Net result€16k-€5k▼ 68.1%€-2k€4k€9k▲ 94.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 97% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €198k
Fixed assets
€170k▼ 7.5%
Current assets
€28k▼ 33.2%
Equity and liabilities €198k
Equity
€42k▼ 32.4%
Debt
€155k▼ 4.4%
The debt ratio rises from 72.2% to 78.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31k▲
2023 · €23k
Cash flow
€23k▲
2023 · €20k
Solvency
21.4%▼
2023 · 27.8%
Current ratio
0.47▼
2023 · 1.20
Quick ratio
0.41▼
2023 · 0.58
Debt / equity
3.67▲
2023 · 2.59
ROE
20.5%▲
2023 · 7.1%
ROA
4.4%▲
2023 · 2.0%
Interest coverage
10.05▲
2023 · 7.66
Debt
€155k▼
2023 · €162k
Debt ≤ 1 year
€58k▲
2023 · €34k
Debt > 1 year
€97k▼
2023 · €128k
Income taxes
€4k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€225k€198k▼
Fixed assets21/28€184k€170k▼
Tangible fixed assets22/27€184k€170k▼
Land and buildings22€176k€168k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€7k€266▼
Current assets29/58€41k€28k▼
Stocks and contracts in progress3€21k€4k▼
Stocks30/36€8k€4k▼
Contracts in progress37€14k-
Amounts receivable within one year40/41€19k€16k▼
Trade receivables40€15k€13k▼
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58-€7k
Deferred charges and accrued income490/1€1k€750▼
Equity and liabilities
Total equity and liabilities10/49€225k€198k▼
Equity10/15€63k€42k▼
Contributions10/11€6k€6k=
Reserves13€54k€34k▼
Distributable reserves133€54k€34k▼
Profit (loss) carried forward14€2k€3k▲
Amounts payable17/49€162k€155k▼
Amounts payable after more than one year17€128k€97k▼
Financial debts170/4€113k€97k▼
Other amounts payable178/9€15k-
Amounts payable within one year42/48€34k€58k▲
Current portion of amounts payable after more than one year42€14k€15k▲
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€8k€8k▲
Other amounts payable47/48€62€30k▲
Accrued charges and deferred income492/3€304€151▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€25k€33k▲
Operating profit (loss)9901€8k€16k▲
Financial income75/76B€463€107▼
Recurring financial income75€463€107▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€6k€13k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€4k€9k▲
Profit (loss) for the period to be appropriated9905€4k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€11k▲
Profit (loss) brought forward from the previous period14P€152€2k▲
Transfer from equity791/2€2k€29k▲
Transfer to equity691/2€4k€9k▲
To other reserves6921€4k€9k▲
Profit to be distributed694/7-€29k
Return on contributions (dividend)694-€29k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-2k ▼131%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €16k ▲35%
Operating result €24k, net result €16k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koekelare · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rozenlaan 5C8680 KoekelareGround area
534 m²
Building footprint
137 m²
Volume, LiDAR
709 m³
Parcel 32010A0494/00R000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KOEN ROTSAERT
since 20142.235.366.582
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010A0494/00R000 | Flanders | 533 m² | 1 · 137 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SA Techniek
BE 0653.976.968
Gent · Eq €42k
ELZ Solutions
BE 0556.617.573
Koekelare · Eq €42k
SOLUTECH SERVICES
BE 0599.933.320
Thimister-Clermont · Eq €42k
SCHELLENS POORT REALISATIE
BE 0821.289.694
Hulshout · Eq €42k
FLJ Project
BE 1003.184.292
Charleroi · Eq €42k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,393 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2014
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.