Roarco
ActiveSummary
Roarco has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €430,618 and a net result of €12,443. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-26
Solvency50▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.33 in 2024; short-term debt: 74.6% and cash: 3% of total assets), and 74.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.4%
Return on assets
0.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
30 d late
2024
28 d late
2023
29 d late
2022
32 d late
2021
3 d early
2020
31 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€430,618▲ 3.0%
2024 · €418,175
Total assets
€1.7m▲ 4.3%
2024 · €1.6m
Net result
€12,443▼ 75.8%
2024 · €51,474
Working capital
€416,422▲ 4.9%
2024 · €396,923
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€92,481▲ 47.6%€112,963▲ 22.1%€144,341▲ 27.8%€50,146▼ 65.3%€13,315▼ 73.4%
Net result€67,120within the sector's middle half▲ 884%€82,898within the sector's middle half▲ 23.5%€94,478within the sector's middle half▲ 14.0%€51,474within the sector's middle half▼ 45.5%€12,443within the sector's middle half▼ 75.8%
Equity€189,324within the sector's middle half▲ 54.9%€272,222within the sector's middle half▲ 43.8%€366,700within the sector's middle half▲ 34.7%€418,175within the sector's middle half▲ 14.0%€430,618within the sector's middle half▲ 3.0%
Total assets€897,550within the sector's middle half▼ 5.8%€754,959within the sector's middle half▼ 15.9%€1.0mwithin the sector's middle half▲ 36.9%€1.6mwithin the sector's middle half▲ 57.1%€1.7mwithin the sector's middle half▲ 4.3%
Debt€708,226▼ 14.8%€482,737▼ 31.8%€666,501▲ 38.1%€1.2m▲ 80.7%€1.3m▲ 4.8%
Working capital€181,007within the sector's middle half▲ 60.7%€266,235within the sector's middle half▲ 47.1%€363,042within the sector's middle half▲ 36.4%€396,923within the sector's middle half▲ 9.3%€416,422within the sector's middle half▲ 4.9%
Solvency21.1%within the sector's middle half▲ 8.3pp36.1%within the sector's middle half▲ 15.0pp35.5%within the sector's middle half▼ 0.6pp25.8%within the sector's middle half▼ 9.7pp25.4%within the sector's middle half▼ 0.3pp
Current ratio1.26within the sector's middle half▲ 0.121.55within the sector's middle half▲ 0.301.54within the sector's middle half▼ 0.011.33within the sector's middle half▼ 0.221.33within the sector's middle half=
Return on assets (ROA)7.5%within the sector's middle half▲ 6.8pp11.0%within the sector's middle half▲ 3.5pp9.1%within the sector's middle half▼ 1.8pp3.2%within the sector's middle half▼ 6.0pp0.7%within the sector's middle half▼ 2.4pp
Staff (FTE)1.1below the sector's middle half▼ 45.0%0.3below the sector's middle half▼ 72.7%0below the sector's middle half▼ 100%0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€14,196 ▼ 33.2%
Current assets
€1.7m ▲ 4.8%
Equity and liabilities €1.7m
Equity
€430,618 ▲ 3.0%
Debt
€1.3m ▲ 4.8%
Debt's share of the balance-sheet total rises from 74.2% to 74.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,771▼
2024 · €54,832
Cash flow
€16,899▼
2024 · €56,160
Quick ratio
0.76▼
2024 · 1.00
Debt to equity
2.93▲
2024 · 2.88
ROE
2.9%▼
2024 · 12.3%
Interest coverage
3.26▼
2024 · 147.54
Debt ≤ 1 year
€1.3m▲
2024 · €1.2m
Income taxes
€7,366▼
2024 · €21,399
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €46,091 | €13,117 | -€61 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,272 | €2,330 | €2,330 | €4,686 | €4,456 | ▼ 4.9% |
| Other operating charges640/8 | €4,489 | €4,693 | €3,746 | €45,968 | €5,847 | ▼ 87.3% |
| Non-recurring operating charges66A | €1,260 | €0 | - | - | - | - |
| Gross operating margin9900 | €146,593 | €133,102 | €150,355 | €100,800 | €23,618 | ▼ 76.6% |
| Operating profit (loss)9901 | €92,481 | €112,963 | €144,341 | €50,146 | €13,315 | ▼ 73.4% |
| Financial income75/76B | €15,620 | €7,806 | €1,762 | €23,099 | €11,949 | ▼ 48.3% |
| Recurring financial income75 | €15,620 | €7,806 | €1,762 | €23,099 | €11,949 | ▼ 48.3% |
| Financial charges65/66B | €5,696 | €2,514 | €11,055 | €372 | €5,455 | ▲ 1,368% |
| Recurring financial charges65 | €5,696 | €2,514 | €11,055 | €372 | €5,455 | ▲ 1,368% |
| Profit (loss) for the period before taxes9903 | €102,404 | €118,255 | €135,047 | €72,873 | €19,809 | ▼ 72.8% |
| Income taxes67/77 | €35,284 | €35,357 | €40,569 | €21,399 | €7,366 | ▼ 65.6% |
| Profit (loss) for the period9904 | €67,120 | €82,898 | €94,478 | €51,474 | €12,443 | ▼ 75.8% |
| Profit (loss) for the period to be appropriated9905 | €67,120 | €82,898 | €94,478 | €51,474 | €12,443 | ▼ 75.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €897,550 | €754,959 | €1.0m | €1.6m | €1.7m | ▲ 4.3% |
| Fixed assets21/28 | €8,317 | €5,988 | €3,658 | €21,252 | €14,196 | ▼ 33.2% |
| Tangible fixed assets22/27 | €5,717 | €3,388 | €1,058 | €18,652 | €14,196 | ▼ 23.9% |
| Plant, machinery and equipment23 | €2,717 | €1,388 | €58 | €0 | - | - |
| Furniture and vehicles24 | €3,000 | €2,000 | €1,000 | €18,652 | €14,196 | ▼ 23.9% |
| Financial fixed assets28 | €2,600 | €2,600 | €2,600 | €2,600 | €0 | ▼ 100% |
| Current assets29/58 | €889,232 | €748,972 | €1.0m | €1.6m | €1.7m | ▲ 4.8% |
| Stocks and contracts in progress3 | €297,424 | €66,288 | €267,409 | €399,856 | €715,265 | ▲ 78.9% |
| Stocks30/36 | €297,424 | €66,288 | €267,409 | €399,856 | €715,265 | ▲ 78.9% |
| Amounts receivable within one year40/41 | €580,172 | €679,735 | €740,200 | €1.1m | €912,634 | ▼ 19.7% |
| Trade receivables40 | €497,844 | €635,116 | €616,546 | €792,136 | €528,561 | ▼ 33.3% |
| Other amounts receivable41 | €82,328 | €44,619 | €123,654 | €344,105 | €384,073 | ▲ 11.6% |
| Cash at bank and in hand54/58 | €1,869 | €1,129 | €21,521 | €65,001 | €50,451 | ▼ 22.4% |
| Deferred charges and accrued income490/1 | €9,767 | €1,819 | €414 | €439 | €370 | ▼ 15.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €897,550 | €754,959 | €1.0m | €1.6m | €1.7m | ▲ 4.3% |
| Equity10/15 | €189,324 | €272,222 | €366,700 | €418,175 | €430,618 | ▲ 3.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €75,801 | €158,699 | €253,177 | €304,652 | €317,095 | ▲ 4.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €73,941 | €156,839 | €251,317 | €304,652 | €317,095 | ▲ 4.1% |
| Profit (loss) carried forward14 | €101,123 | €101,123 | €101,123 | €101,123 | €101,123 | = |
| Amounts payable17/49 | €708,226 | €482,737 | €666,501 | €1.2m | €1.3m | ▲ 4.8% |
| Amounts payable within one year42/48 | €708,226 | €482,737 | €666,501 | €1.2m | €1.3m | ▲ 4.8% |
| Financial debts43 | - | €7,588 | €7,484 | €6,809 | €7,689 | ▲ 12.9% |
| Credit institutions430/8 | - | €7,588 | €7,484 | €6,809 | €7,689 | ▲ 12.9% |
| Trade debts44 | €437,041 | €408,546 | €644,049 | €1.1m | €1.2m | ▲ 7.2% |
| Suppliers440/4 | €437,041 | €408,546 | €644,049 | €1.1m | €1.2m | ▲ 7.2% |
| Advances received on contracts in progress46 | €703 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €116,103 | €66,603 | €14,969 | €65,870 | €40,631 | ▼ 38.3% |
| Taxes450/3 | €106,137 | €64,603 | €11,469 | €65,870 | €38,631 | ▼ 41.4% |
| Remuneration and social security454/9 | €9,966 | €2,000 | €3,500 | €0 | €2,000 | - |
| Other amounts payable47/48 | €154,380 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,120 | €82,898 | €94,478 | €51,474 | €12,443 | ▼ 75.8% |
| + Depreciation and write-downs630 | €2,272 | €2,330 | €2,330 | €4,686 | €4,456 | ▼ 4.9% |
| Operating cash flow (approximation) | €69,392 | €85,228 | €96,808 | €56,160 | €16,899 | ▼ 69.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€22,280 | €2,600 | ▲ 112% |
| Change in cash | - | -€740 | €20,391 | €43,481 | -€14,550 | ▼ 133% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €94,478 ▲14%
Operating result €144,341, net result €94,478, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Equity above €200,000Eq €272,222 ▲43.8%
5 profitable years in a row build equity to €272,222.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150,000Eq €189,324 ▲54.9%
4 profitable years in a row build equity to €189,324.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €6,820 ▼5.4%
Net result drops to €6,820, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Bornem · 1 establishment unit since 2016
Ground area
3.4 ha
Building footprint
1.8 ha
Volume, LiDAR
162,255 m³
2 parcels, Flanders · tallest building 19.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Roarco
since 20162.254.286.928
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0360/00L000 | Flanders | 2.2 ha | 1 · 1.3 ha | 12.6 m · 3 fl. |
| 23047D0129/00F003 | Flanders | 1.2 ha | 1 · 5,203 m² | 19.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,399. 1,027 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46836Wholesale trade
46842Wholesale trade
47527Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655730391
Also
9925:BE0655730391
Registered
01-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.