ROBBY COOLS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 34 days after the deadline Filed on 3 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00502054.
Annual accounts 2025 filed on 03-09-2026 at the NBB all 18 filings
Turnover
≈ €290,000
Estimated: probably between €200,000 and €490,000
Total assets
€668,719▼ 12.1%
2024 · €760,473
Net result
€13,554▲ 11.8%
2024 · €12,120
Working capital
-€48,113▲ 45.4%
2024 · -€88,155
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€31,058
▼ 4.3%
2025
20182025
Net result
€13,554
▲ 11.8%
2025
middle half of the sector
20182025
Equity
€193,803
▲ 7.5%
2025
highest quarter of the sector
20182025
Total assets
€668,719
▼ 12.1%
2025
highest quarter of the sector
20182025
Debt
€474,916
▼ 18.1%
2025
20182025
Working capital
-€48,113
▲ 45.4%
2025
lowest quarter of the sector
20182025
Solvency
29.0%
▲ 5.3pp
2025
middle half of the sector
20182025
Current ratio
0.71
▲ 0.34
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
2.0%
▲ 0.4pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€55,380-€2,250▼ 95.9%-€1,024€36,187€43,932▲ 21.4%€75,329▲ 71.5%€32,443▼ 56.9%€31,058▼ 4.3%
Net result€36,768--€12,987-€10,695below the sector's middle half▲ 17.6%€18,694within the sector's middle half€25,500within the sector's middle half▲ 36.4%€41,115above the sector's middle half▲ 61.2%€12,120within the sector's middle half▼ 70.5%€13,554within the sector's middle half▲ 11.8%
Equity€106,502-€93,515▼ 12.2%€82,821within the sector's middle half▼ 11.4%€101,514within the sector's middle half▲ 22.6%€127,014within the sector's middle half▲ 25.1%€168,129above the sector's middle half▲ 32.4%€180,249above the sector's middle half▲ 7.2%€193,803above the sector's middle half▲ 7.5%
Total assets€718,425-€965,789▲ 34.4%€924,708above the sector's middle half▼ 4.3%€673,946above the sector's middle half▼ 27.1%€686,865above the sector's middle half▲ 1.9%€816,211above the sector's middle half▲ 18.8%€760,473above the sector's middle half▼ 6.8%€668,719above the sector's middle half▼ 12.1%
Debt€611,923-€872,273▲ 42.5%€841,888▼ 3.5%€572,432▼ 32.0%€559,851▼ 2.2%€648,082▲ 15.8%€580,224▼ 10.5%€474,916▼ 18.1%
Working capital€10,522-€6,223▼ 40.9%-€84,346below the sector's middle half-€36,490below the sector's middle half▲ 56.7%-€23,444below the sector's middle half▲ 35.8%-€60,136below the sector's middle half▼ 157%-€88,155below the sector's middle half▼ 46.6%-€48,113below the sector's middle half▲ 45.4%
Solvency14.8%-9.7%▼ 5.1pp9.0%below the sector's middle half▼ 0.7pp15.1%below the sector's middle half▲ 6.1pp18.5%below the sector's middle half▲ 3.4pp20.6%below the sector's middle half▲ 2.1pp23.7%within the sector's middle half▲ 3.1pp29.0%within the sector's middle half▲ 5.3pp
Current ratio1.13-1.07▼ 0.060.33below the sector's middle half▼ 0.740.43below the sector's middle half▲ 0.110.78below the sector's middle half▲ 0.350.50below the sector's middle half▼ 0.280.37below the sector's middle half▼ 0.130.71below the sector's middle half▲ 0.34
Return on assets (ROA)5.1%--1.3%▼ 6.5pp-1.2%below the sector's middle half▲ 0.2pp2.8%within the sector's middle half▲ 3.9pp3.7%within the sector's middle half▲ 0.9pp5.0%within the sector's middle half▲ 1.3pp1.6%within the sector's middle half▼ 3.4pp2.0%within the sector's middle half▲ 0.4pp
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 4% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668,719
Fixed assets
€553,182 ▼ 22.0%
Current assets
€115,537 ▲ 125%
Equity and liabilities €668,719
Equity
€193,803 ▲ 7.5%
Debt
€474,916 ▼ 18.1%
Debt's share of the balance-sheet total falls from 76.3% to 71.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71,370▼
2024 · €80,482
Cash flow
€53,866▼
2024 · €60,159
Debt to equity
2.45▼
2024 · 3.22
ROE
7.0%▲
2024 · 6.7%
Interest coverage
5.19▲
2024 · 5.16
Debt ≤ 1 year
€163,650▲
2024 · €139,618
Debt > 1 year
€311,265▼
2024 · €440,606
Income taxes
€5,589▲
2024 · €5,315
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €57,210 | - | €195,273 | €1,838 | €7,942 |
| Depreciation and write-downs of the year | €41,992 | €41,992 | €49,674 | €48,039 | €40,312 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €10,623 | €40,674 | ▲ 283% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,970 | €52,514 | €45,851 | €41,992 | €41,992 | €49,674 | €48,039 | €40,312 | ▼ 16.1% |
| Other operating charges640/8 | - | - | - | €5,256 | €5,490 | €4,650 | €6,836 | €5,359 | ▼ 21.6% |
| Non-recurring operating charges66A | - | - | - | €5,039 | - | - | - | - | - |
| Gross operating margin9900 | €104,960 | €59,928 | €51,006 | €88,475 | €91,414 | €129,653 | €87,318 | €76,730 | ▼ 12.1% |
| Operating profit (loss)9901 | €55,380 | €2,250 | -€1,024 | €36,187 | €43,932 | €75,329 | €32,443 | €31,058 | ▼ 4.3% |
| Financial income75/76B | - | - | - | €1 | - | €1,043 | €595 | €1,842 | ▲ 210% |
| Recurring financial income75 | €658 | €1,725 | €6,772 | €1 | - | €1,043 | €595 | €1,842 | ▲ 210% |
| Financial charges65/66B | - | - | - | €17,427 | €11,983 | €13,897 | €15,603 | €13,758 | ▼ 11.8% |
| Recurring financial charges65 | €15,534 | €16,756 | €16,254 | €17,427 | €11,983 | €13,897 | €15,603 | €13,758 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €40,504 | -€12,781 | -€10,506 | €18,761 | €31,950 | €62,475 | €17,435 | €19,143 | ▲ 9.8% |
| Income taxes67/77 | €3,736 | €206 | €188 | €67 | €6,450 | €21,360 | €5,315 | €5,589 | ▲ 5.2% |
| Profit (loss) for the period9904 | €36,768 | -€12,987 | -€10,695 | €18,694 | €25,500 | €41,115 | €12,120 | €13,554 | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €36,768 | -€12,987 | -€10,695 | €18,694 | €25,500 | €41,115 | €12,120 | €13,554 | ▲ 11.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €718,425 | €965,789 | €924,708 | €673,946 | €686,865 | €816,211 | €760,473 | €668,719 | ▼ 12.1% |
| Fixed assets21/28 | €626,281 | €870,603 | €883,466 | €645,995 | €604,003 | €756,588 | €709,010 | €553,182 | ▼ 22.0% |
| Tangible fixed assets22/27 | €626,281 | €870,603 | €883,466 | €645,995 | €604,003 | €756,588 | €709,010 | €553,182 | ▼ 22.0% |
| Land and buildings22 | - | - | - | €640,004 | €600,663 | €751,521 | €705,057 | €543,559 | ▼ 22.9% |
| Plant, machinery and equipment23 | - | - | - | €3,902 | €2,527 | €1,897 | €1,821 | €1,375 | ▼ 24.5% |
| Furniture and vehicles24 | - | - | - | €2,089 | €813 | €3,170 | €2,132 | €8,248 | ▲ 287% |
| Current assets29/58 | €92,144 | €95,186 | €41,242 | €27,951 | €82,862 | €59,623 | €51,463 | €115,537 | ▲ 125% |
| Amounts receivable within one year40/41 | €43,233 | €73,900 | €27,883 | €12,595 | €14,133 | €28,355 | €19,925 | €35,355 | ▲ 77.4% |
| Trade receivables40 | - | - | - | €10,623 | €14,133 | €16,714 | €8,992 | €23,507 | ▲ 161% |
| Other amounts receivable41 | - | - | - | €1,972 | - | €11,642 | €10,933 | €11,848 | ▲ 8.4% |
| Cash at bank and in hand54/58 | €36,683 | €21,285 | €11,298 | €14,254 | €67,581 | €30,391 | €28,504 | €78,489 | ▲ 175% |
| Deferred charges and accrued income490/1 | - | - | - | €1,102 | €1,148 | €877 | €3,034 | €1,694 | ▼ 44.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €718,425 | €965,789 | €924,708 | €673,946 | €686,865 | €816,211 | €760,473 | €668,719 | ▼ 12.1% |
| Equity10/15 | €106,502 | €93,515 | €82,821 | €101,514 | €127,014 | €168,129 | €180,249 | €193,803 | ▲ 7.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €94,102 | €94,102 | €94,102 | €94,102 | €114,614 | €155,729 | €167,849 | €181,403 | ▲ 8.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €92,242 | €112,754 | €155,729 | €167,849 | €181,403 | ▲ 8.1% |
| Profit (loss) carried forward14 | - | -€12,987 | -€23,681 | -€4,988 | - | - | - | - | - |
| Amounts payable17/49 | €611,923 | €872,273 | €841,888 | €572,432 | €559,851 | €648,082 | €580,224 | €474,916 | ▼ 18.1% |
| Amounts payable after more than one year17 | €530,302 | €783,311 | €716,299 | €507,991 | €453,545 | €528,322 | €440,606 | €311,265 | ▼ 29.4% |
| Financial debts170/4 | - | - | - | €507,991 | €453,545 | €528,322 | €440,606 | €311,265 | ▼ 29.4% |
| Amounts payable within one year42/48 | €81,621 | €88,963 | €125,588 | €64,441 | €106,305 | €119,760 | €139,618 | €163,650 | ▲ 17.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €53,240 | €54,445 | €85,223 | €87,716 | €76,365 | ▼ 12.9% |
| Trade debts44 | €7,193 | €5,190 | €8,505 | €3,245 | €36,966 | €3,912 | €37,318 | €23,708 | ▼ 36.5% |
| Suppliers440/4 | - | - | - | €3,245 | €36,966 | €3,912 | €37,318 | €23,708 | ▼ 36.5% |
| Taxes, remuneration and social security45 | - | - | - | €4,039 | €13,072 | €28,730 | €12,473 | €13,681 | ▲ 9.7% |
| Taxes450/3 | - | - | - | €4,039 | €13,072 | €26,730 | €10,473 | €11,681 | ▲ 11.5% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Other amounts payable47/48 | - | - | - | €3,917 | €1,823 | €1,894 | €2,110 | €49,897 | ▲ 24× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,768 | -€12,987 | -€10,695 | €18,694 | €25,500 | €41,115 | €12,120 | €13,554 | ▲ 11.8% |
| + Depreciation and write-downs630 | €45,970 | €52,514 | €45,851 | €41,992 | €41,992 | €49,674 | €48,039 | €40,312 | ▼ 16.1% |
| Operating cash flow (approximation) | €82,738 | €39,528 | €35,156 | €60,685 | €67,492 | €90,789 | €60,159 | €53,866 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | -€296,836 | -€58,714 | €195,479 | €0 | -€202,258 | -€461 | €115,516 | - |
| Change in cash | - | -€15,397 | -€9,988 | €2,956 | €53,327 | -€37,189 | -€1,887 | €49,984 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,107 companies had the same profile as ROBBY COOLS has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
98.0%
was still going
0.9%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ROBBY COOLS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,107 companies, not a prediction for ROBBY COOLS. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-09-2026 | 2026-00502054 | |
| 31-12-2024 | micro format | 25-09-2025 | 2025-00506153 | |
| 31-12-2023 | micro format | 12-08-2024 | 2024-00348046 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00372149 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20184565 | |
| 31-12-2020 | micro format | 10-09-2021 | 2021-66900270 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55900018 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-43300283 | |
| 31-12-2017 | micro format | 07-08-2018 | 2018-43900164 | |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-37800375 |