Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2017 to 2025 closed with a loss. 2025 was the heaviest.
In July 2024, 2,795 companies had the same profile as ROAN has now. Each dot stands for 7 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,795 companies, not a prediction for ROAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
ROAN files the micro format. That format states no turnover. The gross margin fell from €1,484 in 2006 to -€2,722 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
96,021 | 85,610 | 85,521 | 84,852 | 85,274 | 85,146 | 84,895 | 84,888 | 84,485 | 85,419 | 85,244 | 85,097 | 84,356 | 85,118 | 88,278 | 88,947 | 90,818 | 93,720 | 96,366 | 100,477 | |
21/28 |
94,407 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 86,953 | 87,860 | 89,634 | 92,534 | 95,435 | 98,233 | |
22/27 |
94,407 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 86,953 | 87,860 | 89,634 | 92,534 | 95,435 | 98,233 | |
22 |
94,407 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 83,966 | 86,953 | 87,860 | 89,634 | 92,534 | 95,435 | 98,233 | |
29/58 |
1,614 | 1,644 | 1,555 | 886 | 1,308 | 1,180 | 929 | 922 | 519 | 1,453 | 1,278 | 1,131 | 390 | 1,152 | 1,325 | 1,087 | 1,184 | 1,185 | 931 | 2,244 | |
54/58 |
1,330 | 1,362 | 1,277 | 629 | 1,077 | 961 | 717 | 721 | 519 | 1,453 | 1,278 | 1,131 | 390 | 1,152 | 1,325 | 1,087 | 1,184 | 1,185 | 931 | 2,244 | |
490/1 |
284 | 282 | 278 | 257 | 232 | 219 | 212 | 200 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
96,021 | 85,610 | 85,521 | 84,852 | 85,274 | 85,146 | 84,895 | 84,888 | 84,485 | 85,419 | 85,244 | 85,097 | 84,356 | 85,118 | 88,278 | 88,947 | 90,818 | 93,720 | 96,366 | 100,477 | |
10/15 |
-7,362 | -3,204 | -3,011 | 415 | 3,051 | 4,486 | 7,613 | 11,726 | 12,024 | 12,207 | 12,033 | 11,677 | 11,645 | 13,023 | 17,486 | 19,990 | 22,632 | 24,756 | 27,128 | 29,908 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
- | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
14 |
-69,362 | -65,204 | -65,011 | -61,585 | -58,949 | -57,514 | -54,387 | -50,274 | -49,976 | -49,793 | -49,967 | -50,323 | -50,355 | -48,977 | -44,514 | -42,010 | -39,368 | -37,244 | -34,872 | -32,092 | |
17/49 |
103,383 | 88,814 | 88,531 | 84,437 | 82,223 | 80,660 | 77,282 | 73,161 | 72,461 | 73,211 | 73,211 | 73,420 | 72,711 | 72,095 | 70,792 | 68,958 | 68,186 | 68,964 | 69,238 | 70,569 | |
42/48 |
103,383 | 88,814 | 88,531 | 84,437 | 82,223 | 80,660 | 77,282 | 73,161 | 72,461 | 73,211 | 73,211 | 73,420 | 72,711 | 72,095 | 70,792 | 68,958 | 68,186 | 68,964 | 69,238 | 70,569 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,831 | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,831 | |
44 |
168 | - | 115 | 112 | - | 836 | 121 | - | - | - | - | 308 | - | 934 | 2,081 | - | 98 | 126 | - | - | |
440/4 |
168 | - | 115 | 112 | - | 836 | 121 | - | - | - | - | 308 | - | 934 | 2,081 | - | 98 | 126 | - | - | |
47/48 |
103,215 | 88,814 | 88,416 | 84,325 | 82,223 | 79,823 | 77,161 | 73,161 | 72,461 | 73,211 | 73,211 | 73,111 | 72,711 | 71,161 | 68,711 | 68,958 | 68,088 | 68,838 | 69,238 | 68,738 | |
| Income statement | |||||||||||||||||||||
9900 |
-2,722 | 932 | -2,213 | -1,532 | -358 | -2,036 | -3,075 | 739 | 832 | 1,174 | 1,347 | 1,023 | -396 | -481 | 1,460 | 1,540 | 1,290 | 1,470 | 1,187 | 1,484 | |
630 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,987 | 2,987 | 2,779 | 2,900 | 2,900 | 2,798 | 3,469 | |
640/8 |
1,351 | 1,064 | 1,150 | 1,054 | 1,040 | 1,033 | 996 | 983 | 971 | 961 | 957 | 955 | 946 | 960 | 941 | 1,368 | 479 | 907 | 892 | 882 | |
9901 |
-4,073 | -132 | -3,363 | -2,586 | -1,398 | -3,069 | -4,071 | -245 | -139 | 213 | 390 | 69 | -1,342 | -4,428 | -2,469 | -2,607 | -2,090 | -2,337 | -2,503 | -2,866 | |
65/66B |
85 | 61 | 63 | 50 | 38 | 58 | 42 | 52 | 45 | 39 | 35 | 37 | 35 | 35 | 35 | 36 | 34 | 35 | 278 | 34 | |
65 |
85 | 61 | 63 | 50 | 38 | 58 | 42 | 52 | 45 | 39 | 35 | 37 | 35 | 35 | 35 | 36 | 34 | 35 | 278 | 34 | |
9903 |
-4,158 | -193 | -3,426 | -2,636 | -1,435 | -3,126 | -4,114 | -297 | -184 | 175 | 355 | 32 | -1,378 | -4,463 | -2,504 | -2,643 | -2,124 | -2,372 | -2,780 | -2,900 | |
9904 |
-4,158 | -193 | -3,426 | -2,636 | -1,435 | -3,126 | -4,114 | -297 | -184 | 175 | 355 | 32 | -1,378 | -4,463 | -2,504 | -2,643 | -2,124 | -2,372 | -2,780 | -2,900 | |
9905 |
-4,158 | -193 | -3,426 | -2,636 | -1,435 | -3,126 | -4,114 | -297 | -184 | 175 | 355 | 32 | -1,378 | -4,463 | -2,504 | -2,643 | -2,124 | -2,372 | -2,780 | -2,900 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-69,362 | -65,204 | -65,011 | -61,585 | -58,949 | -57,514 | -54,387 | -50,274 | -49,976 | -49,793 | -49,967 | -50,323 | -50,355 | -48,977 | -44,514 | -42,010 | -39,368 | -37,244 | -34,872 | -32,092 | |
14P |
-65,204 | -65,011 | -61,585 | -58,949 | -57,514 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-08-2026.
2025 annual accounts filed 13 days after the deadline. Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00396123.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-08-2026 | 2026-00396123 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00203090 | |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00196792 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00164152 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20097717 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64200552 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-56800222 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-62000429 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61500141 | |
| 31-12-2016 | micro format | 17-08-2017 | 2017-45200083 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55600552 | |
| 31-12-2014 | abbreviated format | 11-08-2015 | 2015-42000027 | |
| 31-12-2013 | abbreviated format | 05-09-2014 | 2014-58000472 | |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-56200341 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-52500549 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-50500273 | |
| 31-12-2009 | abbreviated format | 23-09-2010 | 2010-55000200 | |
| 31-12-2008 | abbreviated format | 30-09-2009 | 2009-80300344 | |
| 31-12-2007 | abbreviated format | 06-08-2008 | 2008-54200244 | |
| 31-12-2006 | abbreviated format | 16-08-2007 | 2007-57000384 | |
| 31-12-2005 | abbreviated format | 26-07-2006 | 2006-54101518 | |
| 31-12-2004 | abbreviated format | 29-07-2005 | 2005-61200512 | |
| 31-12-2003 | abbreviated format | 27-09-2004 | 2004-67003499 | |
| 31-12-2002 | abbreviated format | 25-07-2003 | 2003-51102560 | |
| 31-12-2001 | abbreviated format | 06-09-2002 | 2002-54103770 | |
| 31-12-2000 | abbreviated format | 18-07-2001 | 2001-39403034 | |
| 31-12-1999 | abbreviated format | 06-04-2001 | 2001-09200218 | |
| 31-12-1998 | abbreviated format | 21-03-2000 | 2000-06300257 | |
| 31-12-1997 | abbreviated format | 18-09-1998 | 1998-47602445 | |
| 31-12-1996 | abbreviated format | 08-09-1997 | 1997-42401657 | |
| 31-12-1995 | abbreviated format | 17-07-1996 | 1996-33104421 | |
| 31-12-1994 | abbreviated format | 22-08-1995 | 1995-46400554 | |
| 31-12-1993 | abbreviated format | 04-08-1994 | 1994-34405101 | |
| 31-12-1992 | abbreviated format | 06-07-1993 | 1993-23300276 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - | - | -1,441 | 518 | 172 | 811 | 563 | 295 | 602 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | -1,476 | 484 | 136 | 777 | 528 | 18 | 568 | ||
| 10,441 | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 2,081 | 1,005 | 0 | 0 | 0 | - | ||
| -33 | 86 | 648 | -448 | 116 | 244 | -4 | 202 | -934 | 175 | 147 | 740 | -762 | -172 | 237 | -97 | -1 | 254 | -1,314 | - | ||
| -101,769 | -87,170 | -86,977 | -83,551 | -80,915 | -79,480 | -76,353 | -72,240 | -71,943 | -71,759 | -71,933 | -72,289 | -72,321 | -70,943 | -69,467 | -67,870 | -67,002 | -67,778 | -68,307 | -68,324 | ||
| -7.7% | -3.7% | -3.5% | 0.5% | 3.6% | 5.3% | 9.0% | 13.8% | 14.2% | 14.3% | 14.1% | 13.7% | 13.8% | 15.3% | 19.8% | 22.5% | 24.9% | 26.4% | 28.2% | 29.8% | ||
| 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.03 | ||
| - | - | - | - | 26.95 | 17.98 | 10.15 | 6.24 | 6.03 | 6.00 | 6.08 | 6.29 | 6.24 | 5.54 | 4.05 | 3.45 | 3.01 | 2.79 | 2.55 | 2.36 | ||
| - | - | - | - | -47.0% | -69.7% | -54.0% | -2.5% | -1.5% | 1.4% | 3.0% | 0.3% | -11.8% | -34.3% | -14.3% | -13.2% | -9.4% | -9.6% | -10.2% | -9.7% | ||
| -4.3% | -0.2% | -4.0% | -3.1% | -1.7% | -3.7% | -4.8% | -0.4% | -0.2% | 0.2% | 0.4% | 0.0% | -1.6% | -5.2% | -2.8% | -3.0% | -2.3% | -2.5% | -2.9% | -2.9% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,441 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €4,073, larger than the loss of €132 in 2024. It is the lowest result since 2012.
Equity is negative. Debt (€103,383) exceeds the balance-sheet total (€96,021).
ROAN has no parent and no holdings in its annual accounts. ROAN shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bruinissemdal 16 registered office 3300 Tienen | ||
| ROAN NV Kazernevest 90, 8000 Bruges 68201 Renting and operating of own or leased residential real estate, excluding social housing | 03-03-1992 | 2.056.427.219 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24107B0308/00E003 | 1,026 m² | 1 · 197 m² | 8.8 m · 2 |
| 31802B0392/00X000 | 219 m² | 1 · 89 m² | 9.4 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.