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ROBERTY

Active
Public limited companyfounded 1984active for 42 yearsRue des Boussines, Vaux-Chavanne 54, 6960 Manhay, BelgiumKBO/BCE: BE 0425.229.093

Financials · financial year 2025, full format

Annual accounts 2025 filed on 07-05-2026 PDF all 42 filings

Turnover
€22.2m▲ 6.0%
2024 · €21.0m
EBIT margin
5.5%▼ 1.0pp
2024 · 6.5%
Net result
€879,907▼ 12.1%
2024 · €1.0m
Working capital
€1.4m▲ 50.4%
2024 · €910,309
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€22.2m
▲ 6.0% 2025
20182025
Operating result
€1.2m
▼ 10.1% 2025
20182025
Net result
€879,907
▼ 12.1% 2025
middle half of the sector
20182025
EBIT margin
5.5%
▼ 1.0pp 2025
20182025
Equity
€4.7m
▲ 22.2% 2025
middle half of the sector
20182025
Total assets
€10.8m
▼ 18.6% 2025
middle half of the sector
20182025
Debt
€6.1m
▼ 35.5% 2025
20182025
Working capital
€1.4m
▲ 50.4% 2025
middle half of the sector
20182025
Solvency
43.9%
▲ 14.7pp 2025
middle half of the sector
20182025
Current ratio
1.37
▲ 0.23 2025
middle half of the sector
20182025
Return on assets (ROA)
8.1%
▲ 0.6pp 2025
middle half of the sector
20182025
Staff (FTE)
66.7
▼ 3.9% 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
Turnover€7.9m-€9.9m▲ 25.2%€9.0m▼ 9.3%€12.7m▲ 41.6%€14.7m▲ 16.1%€18.8m▲ 27.5%€21.0m▲ 11.8%€22.2m▲ 6.0%
Operating result€0.4m-€0.6m▲ 64.2%€0.8m▲ 29.0%€0.9m▲ 13.2%€0.5m▼ 45.2%€0.5m▼ 8.9%€1.4m▲ 189%€1.2m▼ 10.1%
Net result€0.3m-€0.4m▲ 34.6%€0.6mabove the sector's middle half▲ 42.7%€0.7mabove the sector's middle half▲ 20.6%€0.3mwithin the sector's middle half▼ 55.8%€0.3mwithin the sector's middle half▼ 10.1%€1.0mabove the sector's middle half▲ 263%€0.9mwithin the sector's middle half▼ 12.1%
EBIT margin5.0%-6.5%▲ 1.6pp9.3%▲ 2.8pp7.4%▼ 1.9pp3.5%▼ 3.9pp2.5%▼ 1.0pp6.5%▲ 4.0pp5.5%▼ 1.0pp
Equity€1.1m-€1.5m▲ 34.9%€2.1mwithin the sector's middle half▲ 37.0%€2.5mwithin the sector's middle half▲ 19.9%€2.9mwithin the sector's middle half▲ 12.8%€3.0mwithin the sector's middle half▲ 4.3%€3.9mwithin the sector's middle half▲ 29.9%€4.7mwithin the sector's middle half▲ 22.2%
Total assets€4.5m-€5.4m▲ 18.5%€6.1mwithin the sector's middle half▲ 13.0%€8.3mwithin the sector's middle half▲ 36.0%€10.2mwithin the sector's middle half▲ 22.9%€12.0mwithin the sector's middle half▲ 18.2%€13.3mwithin the sector's middle half▲ 10.6%€10.8mwithin the sector's middle half▼ 18.6%
Debt€3.4m-€3.8m▲ 13.0%€4.0m▲ 3.4%€5.7m▲ 44.7%€7.3m▲ 27.3%€9.0m▲ 23.6%€9.4m▲ 4.2%€6.1m▼ 35.5%
Working capital€0.3m-€0.4m▲ 27.4%€0.8mwithin the sector's middle half▲ 82.5%€0.7mwithin the sector's middle half▼ 9.8%€0.2mwithin the sector's middle half▼ 66.9%€0.6mwithin the sector's middle half▲ 143%€0.9mwithin the sector's middle half▲ 53.9%€1.4mwithin the sector's middle half▲ 50.4%
Solvency25.2%-28.7%▲ 3.5pp34.8%within the sector's middle half▲ 6.1pp30.7%within the sector's middle half▼ 4.1pp28.2%within the sector's middle half▼ 2.5pp24.9%within the sector's middle half▼ 3.3pp29.2%within the sector's middle half▲ 4.3pp43.9%within the sector's middle half▲ 14.7pp
Current ratio1.14-1.17▲ 0.031.35within the sector's middle half▲ 0.171.19within the sector's middle half▼ 0.161.05below the sector's middle half▼ 0.141.10below the sector's middle half▲ 0.051.14below the sector's middle half▲ 0.041.37within the sector's middle half▲ 0.23
Return on assets (ROA)6.6%-7.5%▲ 0.9pp9.5%above the sector's middle half▲ 2.0pp8.4%within the sector's middle half▼ 1.1pp3.0%within the sector's middle half▼ 5.4pp2.3%within the sector's middle half▼ 0.7pp7.5%within the sector's middle half▲ 5.2pp8.1%within the sector's middle half▲ 0.6pp
Staff (FTE)27.5-34.6▲ 25.8%39.2within the sector's middle half▲ 13.3%43.9within the sector's middle half▲ 12.0%51.5within the sector's middle half▲ 17.3%62.5within the sector's middle half▲ 21.4%69.4within the sector's middle half▲ 11.0%66.7within the sector's middle half▼ 3.9%
above within below The sector band is the middle half of the companies in Civil engineering (NACE 42). 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 10% lower than in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.8m
Fixed assets €5.7m ▼ 4.5%
Current assets €5.1m ▼ 30.3%
Equity and liabilities €10.8m
Equity €4.7m ▲ 22.2%
Debt €6.1m ▼ 35.5%
Debt's share of the balance-sheet total falls from 70.8% to 56.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2.3m▼
2024 · €2.3m
Cash flow
€1.9m▲
2024 · €1.9m
Quick ratio
1.00▲
2024 · 0.59
Debt to equity
1.28▼
2024 · 2.42
ROE
18.6%▼
2024 · 25.8%
Interest coverage
46.82▲
2024 · 28.13
Debt ≤ 1 year
€3.7m▼
2024 · €6.4m
Debt > 1 year
€2.4m▼
2024 · €2.8m
Income taxes
€321,908▼
2024 · €368,171
Customer credit
39 days▼
2024 · 54 days
Supplier credit
202 days▼
2024 · 489 days
Staff costs
€4.3m▲
2024 · €4.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date4855647066
full-time4553616760
part-time32336
in full-time equivalents46.854.663.269.464
Average over the year, in full-time equivalents43.951.562.567.466.7
On a permanent contract4852606460
Joined2941413016
Left1934322519
Training hours9128961,7162,6962,549

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Mortgages, amount registered----€906,087
Carrying value of the mortgaged assets----€906,087
Pledge on the business----€396,630
Mandates to pledge the business----€396,630

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€1.3m€2.5m€962,781€1.3m€725,601
Intangible fixed assets--€5,760€7,920-
Financial fixed assets€25,215€75,337---
Depreciation and write-downs of the year€571,746€787,710€871,235€924,650€1.1m

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit----€10,000

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Public contracts

5 awards · 2024
Prestations de service hivernal 2024-2028 sur les routes gérées par le District autoroutier Nord-Luxembourg: SOF-MI-O8.08.02-23-4630 - 4
buyer: SOFICO (Société Wallonne de Financement Complémentaire des Infrastructures)Sewage, refuse, cleaning and environmental servicesawarded 13-09-2024€190,2404 tendersTED 598309-2024
Prestations de service hivernal 2024-2028 sur les routes gérées par le District autoroutier Nord-Luxembourg: SOF-MI-O8.08.02-23-4630 - 1
buyer: SOFICO (Société Wallonne de Financement Complémentaire des Infrastructures)Sewage, refuse, cleaning and environmental servicesawarded 12-09-2024€167,2803 tendersTED 598309-2024
Prestations de service hivernal 2024-2028 sur les routes gérées par le District de Vielsalm: MI-O8.08.02-23-4629 - 2
buyer: SOFICO (Société Wallonne de Financement Complémentaire des Infrastructures)Sewage, refuse, cleaning and environmental servicesawarded 01-08-2024€69,0803 tendersTED 621044-2024
Prestations de service hivernal 2024-2028 sur les routes gérées par le District de Vielsalm: MI-O8.08.02-23-4629 - 4
buyer: SOFICO (Société Wallonne de Financement Complémentaire des Infrastructures)Sewage, refuse, cleaning and environmental servicesawarded 29-07-2024€67,7103 tendersTED 621044-2024
Prestations de service hivernal 2024-2028 sur les routes gérées par le District de Vielsalm: MI-O8.08.02-23-4629 - 6
buyer: SOFICO (Société Wallonne de Financement Complémentaire des Infrastructures)Sewage, refuse, cleaning and environmental servicesawarded 29-07-2024€75,6102 tendersTED 621044-2024

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 82 lines
Balance sheet Code20242025
Assets
Total assets20/58€13.3m€10.8m▼
Fixed assets21/28€6.0m€5.7m▼
Intangible fixed assets21€0.008m€0.004m▼
Tangible fixed assets22/27€5.6m€5.3m▼
Land and buildings22€3.4m€3.0m▼
Plant, machinery and equipment23€0.5m€0.7m▲
Furniture and vehicles24€0.4m€0.3m▼
Leasing and similar rights25€1.3m€1.4m▲
Financial fixed assets28€0.3m€0.4m▲
Other financial fixed assets284/8€0.3m€0.4m▲
Amounts receivable and cash guarantees285/8€0.3m€0.4m▲
Current assets29/58€7.3m€5.1m▼
Stocks and contracts in progress3€3.5m€1.4m▼
Stocks30/36€3.5m€1.4m▼
Work in progress32€3.5m€1.3m▼
Goods purchased for resale34€0.08m€0.08m▲
Amounts receivable within one year40/41€3.4m€2.6m▼
Trade receivables40€3.1m€2.4m▼
Other amounts receivable41€0.3m€0.2m▼
Cash at bank and in hand54/58€0.4m€1.1m▲
Equity and liabilities
Total equity and liabilities10/49€13.3m€10.8m▼
Equity10/15€3.9m€4.7m▲
Contributions10/11€0.2m€0.2m=
Capital10€0.2m€0.2m=
Issued capital100€0.2m€0.2m=
Reserves13€2.3m€2.6m▲
Non-distributable reserves130/1€0.04m€0.04m=
Legal reserve130€0.04m€0.04m=
Tax-exempt reserves132€0.6m€0.7m▲
Distributable reserves133€1.6m€1.9m▲
Profit (loss) carried forward14€1.3m€1.8m▲
Investment grants15€0.2m€0.2m▼
Amounts payable17/49€9.4m€6.1m▼
Amounts payable after more than one year17€2.8m€2.4m▼
Financial debts170/4€2.8m€2.4m▼
Leasing and similar obligations172€0.7m€0.7m▲
Other loans174€2.1m€1.6m▼
Amounts payable within one year42/48€6.4m€3.7m▼
Current portion of amounts payable after more than one year42€1.0m€1.0m▼
Trade debts44€5.0m€2.2m▼
Suppliers440/4€5.0m€2.2m▼
Taxes, remuneration and social security45€0.3m€0.6m▲
Taxes450/3€0.2m€0.3m▲
Remuneration and social security454/9€0.2m€0.2m▲
Accrued charges and deferred income492/3€0.2m-
Income statement Code20242025
Operating income70/76A€22.1m€20.6m▼
Turnover70€21.0m€22.2m▲
Change in stocks of work in progress, finished goods and contracts in progress71€0.6m-€2.2m▼
Other operating income74€0.5m€0.5m▼
Non-recurring operating income76A€0.02m€0.005m▼
Operating charges60/66A€20.8m€19.3m▼
Goods for resale, raw materials and consumables60€3.8m€3.9m▲
Purchases600/8€3.8m€3.9m▲
Change in stocks: decrease (increase)609-€0.003m-€0.003m▲
Services and other goods61€11.7m€9.9m▼
Remuneration, social security and pensions62€4.2m€4.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.9m€1.1m▲
Other operating charges640/8€0.1m€0.1m▲
Operating profit (loss)9901€1.4m€1.2m▼
Financial income75/76B€0.1m€0.04m▼
Recurring financial income75€0.1m€0.04m▼
Other financial income752/9€0.1m€0.04m▼
Financial charges65/66B€0.09m€0.06m▼
Recurring financial charges65€0.09m€0.06m▼
Debt charges650€0.08m€0.05m▼
Other financial charges652/9€0.005m€0.01m▲
Profit (loss) for the period before taxes9903€1.4m€1.2m▼
Income taxes67/77€0.4m€0.3m▼
Taxes670/3€0.4m€0.3m▼
Profit (loss) for the period9904€1.0m€0.9m▼
Transfer from tax-exempt reserves789€0.04m€0.3m▲
Transfer to tax-exempt reserves689€0.3m€0.3m=
Profit (loss) for the period to be appropriated9905€0.7m€0.8m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.3m€2.1m▲
Profit (loss) brought forward from the previous period14P€0.6m€1.3m▲
Transfer from equity791/2€0.3m-
From reserves792€0.3m-
Transfer to equity691/2€0.04m€0.3m▲
To other reserves6921€0.04m€0.3m▲
Profit to be distributed694/7€0.3m-
Return on contributions (dividend)694€0.3m-
Social balance sheet
Average headcount (FTE)908769.466.7▼

The notes to these accounts have 71 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 07-05-2026.

Line20182019202020212022202320242025Change
Operating income70/76A-----€20.1m€22.1m€20.6m▼ 7.1%
Turnover70€7.9m€9.9m€9.0m€12.7m€14.7m€18.8m€21.0m€22.2m▲ 6.0%
Change in stocks of work in progress, finished goods and contracts in progress71-----€1.0m€0.6m-€2.2m-
Other operating income74-----€0.3m€0.5m€0.5m▼ 1.8%
Non-recurring operating income76A---€0.02m€0.01m€0.004m€0.02m€0.005m▼ 74.8%
Operating charges60/66A-----€19.6m€20.8m€19.3m▼ 6.9%
Goods, raw materials, services and sundry goods60/61---€9.0m€10.6m----
Goods for resale, raw materials and consumables60-----€4.0m€3.8m€3.9m▲ 4.4%
Purchases600/8-----€4.0m€3.8m€3.9m▲ 4.3%
Change in stocks: decrease (increase)609-----€0.009m-€0.003m-€0.003m▲ 6.1%
Services and other goods61-----€11.0m€11.7m€9.9m▼ 15.8%
Remuneration, social security and pensions62---€2.1m€2.8m€3.7m€4.2m€4.3m▲ 2.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.4m€0.4m€0.6m€0.8m€0.9m€0.9m€1.1m▲ 13.8%
Other operating charges640/8---€0.04m€0.06m€0.06m€0.1m€0.1m▲ 10.3%
Non-recurring operating charges66A-----€0.01m---
Gross operating margin9900€2.1m€2.8m€3.1m€3.7m€4.1m----
Operating profit (loss)9901€0.4m€0.6m€0.8m€0.9m€0.5m€0.5m€1.4m€1.2m▼ 10.1%
Financial income75/76B---€0.02m€0.01m€0.02m€0.1m€0.04m▼ 59.2%
Recurring financial income75€0.07m€0.006m€0.008m€0.02m€0.01m€0.01m€0.1m€0.04m▼ 59.2%
Other financial income752/9-----€0.01m€0.1m€0.04m▼ 59.2%
Non-recurring financial income76B-----€0.01m---
Financial charges65/66B---€0.06m€0.07m€0.1m€0.09m€0.06m▼ 30.6%
Recurring financial charges65€0.04m€0.06m€0.04m€0.06m€0.07m€0.1m€0.09m€0.06m▼ 30.6%
Debt charges650-----€0.1m€0.08m€0.05m▼ 40.2%
Other financial charges652/9-----€0.007m€0.005m€0.01m▲ 116%
Profit (loss) for the period before taxes9903€0.4m€0.6m€0.8m€0.9m€0.5m€0.4m€1.4m€1.2m▼ 12.2%
Income taxes67/77€0.1m€0.2m€0.2m€0.2m€0.2m€0.1m€0.4m€0.3m▼ 12.6%
Taxes670/3-----€0.1m€0.4m€0.3m▼ 12.6%
Profit (loss) for the period9904€0.3m€0.4m€0.6m€0.7m€0.3m€0.3m€1.0m€0.9m▼ 12.1%
Transfer from tax-exempt reserves789------€0.04m€0.3m▲ 520%
Transfer to tax-exempt reserves689---€0.1m€0.2m-€0.3m€0.3m=
Profit (loss) for the period to be appropriated9905€0.3m€0.4m€0.6m€0.6m€0.1m€0.3m€0.7m€0.8m▲ 13.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€4.5m€5.4m€6.1m€8.3m€10.2m€12.0m€13.3m€10.8m▼ 18.6%
Fixed assets21/28€1.7m€2.4m€2.9m€3.7m€5.5m€5.6m€6.0m€5.7m▼ 4.5%
Intangible fixed assets21-----€0.004m€0.008m€0.004m▼ 54.7%
Tangible fixed assets22/27€1.6m€2.3m€2.8m€3.5m€5.2m€5.3m€5.6m€5.3m▼ 5.7%
Land and buildings22---€1.4m€2.9m€3.6m€3.4m€3.0m▼ 11.8%
Plant, machinery and equipment23---€1.4m€1.6m€1.0m€0.5m€0.7m▲ 23.8%
Furniture and vehicles24---€0.7m€0.7m€0.8m€0.4m€0.3m▼ 30.0%
Leasing and similar rights25------€1.3m€1.4m▲ 5.6%
Financial fixed assets28€0.1m€0.1m€0.2m€0.2m€0.3m€0.3m€0.3m€0.4m▲ 15.5%
Other financial fixed assets284/8-----€0.3m€0.3m€0.4m▲ 15.5%
Amounts receivable and cash guarantees285/8-----€0.3m€0.3m€0.4m▲ 15.5%
Current assets29/58€2.8m€3.0m€3.1m€4.6m€4.7m€6.4m€7.3m€5.1m▼ 30.3%
Stocks and contracts in progress3€0.02m€0.1m€0.1m€1.4m€1.9m€2.9m€3.5m€1.4m▼ 61.1%
Stocks30/36---€0.08m€0.09m€2.9m€3.5m€1.4m▼ 61.1%
Work in progress32-----€2.8m€3.5m€1.3m▼ 62.6%
Goods purchased for resale34-----€0.08m€0.08m€0.08m▲ 3.5%
Contracts in progress37---€1.3m€1.8m----
Amounts receivable within one year40/41€1.9m€1.6m€1.4m€2.3m€2.3m€2.7m€3.4m€2.6m▼ 23.0%
Trade receivables40---€2.1m€2.2m€2.4m€3.1m€2.4m▼ 22.0%
Other amounts receivable41---€0.2m€0.1m€0.2m€0.3m€0.2m▼ 33.8%
Cash at bank and in hand54/58€0.4m€0.4m€0.7m€0.8m€0.3m€0.8m€0.4m€1.1m▲ 197%
Deferred charges and accrued income490/1---€0.07m€0.1m€0.01m---
Equity and liabilities
Total equity and liabilities10/49€4.5m€5.4m€6.1m€8.3m€10.2m€12.0m€13.3m€10.8m▼ 18.6%
Equity10/15€1.1m€1.5m€2.1m€2.5m€2.9m€3.0m€3.9m€4.7m▲ 22.2%
Contributions10/11€0.4m€0.4m€0.4m€0.2m€0.2m€0.2m€0.2m€0.2m=
Capital10---€0.2m€0.2m€0.2m€0.2m€0.2m=
Issued capital100---€0.2m€0.2m€0.2m€0.2m€0.2m=
Reserves13€0.5m€0.9m€1.5m€2.1m€2.3m€2.2m€2.3m€2.6m▲ 14.8%
Non-distributable reserves130/1---€0.04m€0.04m€0.04m€0.04m€0.04m=
Legal reserve130---€0.04m€0.04m€0.04m€0.04m€0.04m=
Tax-exempt reserves132---€0.1m€0.3m€0.3m€0.6m€0.7m▲ 12.7%
Distributable reserves133---€2.0m€2.0m€1.8m€1.6m€1.9m▲ 15.9%
Profit (loss) carried forward14€0.2m€0.2m€0.2m€0.2m€0.3m€0.6m€1.3m€1.8m▲ 42.6%
Investment grants15---€0.04m€0.04m€0.03m€0.2m€0.2m▼ 10.5%
Amounts payable17/49€3.4m€3.8m€4.0m€5.7m€7.3m€9.0m€9.4m€6.1m▼ 35.5%
Amounts payable after more than one year17€0.9m€1.3m€1.6m€1.9m€2.9m€2.9m€2.8m€2.4m▼ 16.5%
Financial debts170/4---€1.9m€2.9m€2.9m€2.8m€2.4m▼ 16.5%
Leasing and similar obligations172-----€2.9m€0.7m€0.7m▲ 4.7%
Other loans174------€2.1m€1.6m▼ 23.5%
Amounts payable within one year42/48€2.5m€2.5m€2.3m€3.8m€4.4m€5.8m€6.4m€3.7m▼ 41.8%
Current portion of amounts payable after more than one year42---€0.7m€1.0m€0.9m€1.0m€1.0m▼ 0.5%
Trade debts44€1.7m€1.9m€1.7m€3.1m€3.3m€4.8m€5.0m€2.2m▼ 57.0%
Suppliers440/4---€3.1m€3.3m€4.8m€5.0m€2.2m▼ 57.0%
Taxes, remuneration and social security45---€0.1m€0.1m€0.1m€0.3m€0.6m▲ 61.9%
Taxes450/3---€0.03m€0.06m€0.03m€0.2m€0.3m▲ 67.0%
Remuneration and social security454/9---€0.07m€0.07m€0.09m€0.2m€0.2m▲ 55.7%
Accrued charges and deferred income492/3-----€0.4m€0.2m--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.4m€0.6m€0.7m€0.3m€0.3m€1.0m€0.9m▼ 12.1%
+ Depreciation and write-downs630€0.3m€0.4m€0.4m€0.6m€0.8m€0.9m€0.9m€1.1m▲ 13.8%
Operating cash flow (approximation)€0.6m€0.8m€1.0m€1.3m€1.1m€1.1m€1.9m€1.9m▲ 0.3%
Investment in fixed assets (approximation)--€1.1m-€1.0m-€1.3m-€2.6m-€1.0m-€1.3m-€0.8m▲ 39.4%
Change in cash--€0.03m€0.3m€0.1m-€0.5m€0.5m-€0.4m€0.7m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,579 companies had the same profile as ROBERTY has now. Two years later, 96.7% were still going and 0.1% had gone bankrupt.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.7% was still going
3.2% stopped otherwise
0.1% went bankrupt

That fits the bankruptcy probability of ROBERTY itself: 0.1% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,579 companies, not a prediction for ROBERTY. 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 42 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 07-05-2026 2026-00105502 PDF
31-12-2024 full format 22-09-2025 2025-00497699 PDF
31-12-2023 full format 21-05-2024 2024-00092957 PDF
31-12-2022 full format 06-06-2023 2023-00112805 PDF
31-12-2021 full format 16-05-2022 2022-20028461 PDF
31-12-2020 full format 27-05-2021 2021-15600352 PDF
31-12-2019 full format 29-06-2020 2020-22000051 PDF
31-12-2018 full format 05-08-2019 2019-43600133 PDF
31-12-2017 full format 05-06-2018 2018-16000358 PDF
31-12-2016 full format 30-08-2017 2017-55300344 PDF

Show all 42 filings

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