ROBETH
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 46 days after the deadline Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00518279.
Annual accounts 2025 filed on 15-09-2026 at the NBB all 12 filings
Turnover
≈ €410,000
Estimated: probably between €340,000 and €540,000
Total assets
€327,781▲ 89.2%
2024 · €173,206
Net result
€82,353▲ 287%
2024 · €21,260
Working capital
-€39,286
2024 · €92,905
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€115,300
▲ 307%
2025
20182025
Net result
€82,353
▲ 287%
2025
highest quarter of the sector
20182025
Equity
€197,100
▲ 71.8%
2025
middle half of the sector
20182025
Total assets
€327,781
▲ 89.2%
2025
middle half of the sector
20182025
Debt
€130,681
▲ 124%
2025
20182025
Working capital
-€39,286
2025
middle half of the sector
20182025
Solvency
60.1%
▼ 6.1pp
2025
highest quarter of the sector
20182025
Current ratio
0.66
▼ 2.56
2025
middle half of the sector
20182025
Return on assets (ROA)
25.1%
▲ 12.8pp
2025
highest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€869-€21,521▲ 25×€11,009▼ 48.8%€12,566▲ 14.1%€16,390▲ 30.4%€42,544▲ 160%€28,328▼ 33.4%€115,300▲ 307%
Net result-€360-€20,507€10,437within the sector's middle half▼ 49.1%€9,100within the sector's middle half▼ 12.8%€12,473within the sector's middle half▲ 37.1%€31,125above the sector's middle half▲ 150%€21,260within the sector's middle half▼ 31.7%€82,353above the sector's middle half▲ 287%
Equity€17,844-€30,351▲ 70.1%€40,788within the sector's middle half▲ 34.4%€49,889within the sector's middle half▲ 22.3%€62,362within the sector's middle half▲ 25.0%€93,487above the sector's middle half▲ 49.9%€114,747within the sector's middle half▲ 22.7%€197,100within the sector's middle half▲ 71.8%
Total assets€65,926-€73,241▲ 11.1%€85,217within the sector's middle half▲ 16.4%€104,245below the sector's middle half▲ 22.3%€122,273within the sector's middle half▲ 17.3%€163,905within the sector's middle half▲ 34.0%€173,206below the sector's middle half▲ 5.7%€327,781within the sector's middle half▲ 89.2%
Debt€48,082-€42,890▼ 10.8%€44,429▲ 3.6%€54,357▲ 22.3%€59,911▲ 10.2%€70,418▲ 17.5%€58,459▼ 17.0%€130,681▲ 124%
Working capital-€7,386-€12,651€27,898within the sector's middle half▲ 121%€46,991within the sector's middle half▲ 68.4%€61,817above the sector's middle half▲ 31.5%€63,836above the sector's middle half▲ 3.3%€92,905within the sector's middle half▲ 45.5%-€39,286within the sector's middle half
Solvency27.1%-41.4%▲ 14.4pp47.9%within the sector's middle half▲ 6.4pp47.9%within the sector's middle half=51.0%within the sector's middle half▲ 3.1pp57.0%within the sector's middle half▲ 6.0pp66.2%above the sector's middle half▲ 9.2pp60.1%above the sector's middle half▼ 6.1pp
Current ratio0.77-1.48▲ 0.712.00within the sector's middle half▲ 0.522.24above the sector's middle half▲ 0.242.42above the sector's middle half▲ 0.182.18above the sector's middle half▼ 0.243.21above the sector's middle half▲ 1.030.66within the sector's middle half▼ 2.56
Return on assets (ROA)-0.5%-28.0%▲ 28.5pp12.2%within the sector's middle half▼ 15.8pp8.7%within the sector's middle half▼ 3.5pp10.2%within the sector's middle half▲ 1.5pp19.0%above the sector's middle half▲ 8.8pp12.3%within the sector's middle half▼ 6.7pp25.1%above the sector's middle half▲ 12.8pp
Staff (FTE)1.9-1.5▼ 21.1%1.6within the sector's middle half▲ 6.7%2below the sector's middle half▲ 25.0%1.2▼ 40.0%1▼ 16.7%0.3below the sector's middle half▼ 70.0%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 nearly 4.1 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or 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 €327,781
Fixed assets
€252,886 ▲ 560%
Current assets
€74,895 ▼ 44.5%
Equity and liabilities €327,781
Equity
€197,100 ▲ 71.8%
Debt
€130,681 ▲ 124%
Debt's share of the balance-sheet total rises from 33.8% to 39.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136,243▲
2024 · €37,530
Cash flow
€103,296▲
2024 · €30,462
Quick ratio
0.65▼
2024 · 3.21
Debt to equity
0.66▲
2024 · 0.51
ROE
41.8%▲
2024 · 18.5%
Interest coverage
over 100▲
2024 · 28.52
Debt ≤ 1 year
€114,181▲
2024 · €41,959
Debt > 1 year
€16,500=
2024 · €16,500
Income taxes
€31,978▲
2024 · €5,752
Staff costs
€2,722▼
2024 · €3,820
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 1 | 1 |
| full-time | 1 | 1 | 1 | - |
| part-time | 2 | 1 | - | 1 |
| in full-time equivalents | 2 | 1.2 | 1 | 0.3 |
| Average over the year, in full-time equivalents | 2 | 1.2 | 1 | 0.3 |
| On a permanent contract | 3 | - | 1 | - |
| Joined | 149 | 2 | - | - |
| Left | 146 | 4 | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €16,500 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,611 | €37,334 | €1,518 | €235,487 |
| Depreciation and write-downs of the year | €9,993 | €6,963 | €8,228 | €9,202 | €20,943 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €1,500 awarded · €1,500 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,000 | €1,000 |
| 2023 | 1 | €500 | €500 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,734 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €16,404 | €31,274 | €5,010 | €3,820 | €2,722 | ▼ 28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,040 | €11,795 | €11,183 | €9,993 | €6,963 | €8,228 | €9,202 | €20,943 | ▲ 128% |
| Other operating charges640/8 | - | - | - | €906 | €1,535 | €1,846 | €2,861 | €1,917 | ▼ 33.0% |
| Gross operating margin9900 | €36,812 | €56,316 | €41,196 | €39,869 | €56,161 | €57,628 | €44,211 | €140,883 | ▲ 219% |
| Operating profit (loss)9901 | €869 | €21,521 | €11,009 | €12,566 | €16,390 | €42,544 | €28,328 | €115,300 | ▲ 307% |
| Financial income75/76B | - | - | - | - | €1 | €12 | - | €0 | - |
| Recurring financial income75 | €137 | - | €6 | - | €1 | €12 | - | €0 | - |
| Financial charges65/66B | - | - | - | €625 | €1,238 | €1,073 | €1,316 | €969 | ▼ 26.3% |
| Recurring financial charges65 | €829 | €971 | €578 | €625 | €1,238 | €1,073 | €1,316 | €969 | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €177 | €20,550 | €10,437 | €11,941 | €15,153 | €41,483 | €27,012 | €114,331 | ▲ 323% |
| Income taxes67/77 | €537 | €43 | - | €2,840 | €2,680 | €10,358 | €5,752 | €31,978 | ▲ 456% |
| Profit (loss) for the period9904 | -€360 | €20,507 | €10,437 | €9,100 | €12,473 | €31,125 | €21,260 | €82,353 | ▲ 287% |
| Profit (loss) for the period to be appropriated9905 | -€360 | €20,507 | €10,437 | €9,100 | €12,473 | €31,125 | €21,260 | €82,353 | ▲ 287% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €65,926 | €73,241 | €85,217 | €104,245 | €122,273 | €163,905 | €173,206 | €327,781 | ▲ 89.2% |
| Fixed assets21/28 | €41,730 | €34,200 | €29,390 | €19,397 | €17,045 | €46,151 | €38,342 | €252,886 | ▲ 560% |
| Tangible fixed assets22/27 | €35,040 | €27,510 | €22,700 | €12,707 | €10,355 | €39,461 | €31,777 | €246,321 | ▲ 675% |
| Land and buildings22 | - | - | - | - | - | - | - | €229,990 | - |
| Plant, machinery and equipment23 | - | - | - | €6,330 | €5,948 | €5,124 | €4,163 | €186 | ▼ 95.5% |
| Furniture and vehicles24 | - | - | - | €3,537 | €146 | €30,793 | €24,120 | €16,145 | ▼ 33.1% |
| Other tangible fixed assets26 | - | - | - | €2,841 | €4,262 | €3,543 | €3,494 | - | - |
| Financial fixed assets28 | €6,690 | €6,690 | €6,690 | €6,690 | €6,690 | €6,690 | €6,565 | €6,565 | = |
| Current assets29/58 | €24,197 | €39,041 | €55,827 | €84,848 | €105,228 | €117,754 | €134,864 | €74,895 | ▼ 44.5% |
| Stocks and contracts in progress3 | €120 | €120 | €120 | €120 | €120 | €120 | €120 | €120 | = |
| Stocks30/36 | - | - | - | €120 | €120 | €120 | €120 | €120 | = |
| Amounts receivable within one year40/41 | €4,177 | €6,365 | €4,611 | €5,957 | €4,072 | €7,814 | €3,214 | €52,929 | ▲ 16× |
| Trade receivables40 | - | - | - | €5,957 | €850 | €3,400 | €875 | €50,000 | ▲ 57× |
| Other amounts receivable41 | - | - | - | - | €3,222 | €4,414 | €2,339 | €2,929 | ▲ 25.2% |
| Cash at bank and in hand54/58 | €19,900 | €32,556 | €51,096 | €78,772 | €101,036 | €109,820 | €131,530 | €21,846 | ▼ 83.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €65,926 | €73,241 | €85,217 | €104,245 | €122,273 | €163,905 | €173,206 | €327,781 | ▲ 89.2% |
| Equity10/15 | €17,844 | €30,351 | €40,788 | €49,889 | €62,362 | €93,487 | €114,747 | €197,100 | ▲ 71.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Tax-exempt reserves132 | - | - | - | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €1,444 | €13,951 | €24,388 | €33,489 | €45,962 | €77,087 | €98,347 | €180,700 | ▲ 83.7% |
| Amounts payable17/49 | €48,082 | €42,890 | €44,429 | €54,357 | €59,911 | €70,418 | €58,459 | €130,681 | ▲ 124% |
| Amounts payable after more than one year17 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Financial debts170/4 | - | - | - | €16,500 | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Amounts payable within one year42/48 | €31,582 | €26,390 | €27,929 | €37,857 | €43,411 | €53,918 | €41,959 | €114,181 | ▲ 172% |
| Trade debts44 | €2,233 | - | €2,496 | €986 | €5,898 | €9,890 | €7,545 | €24 | ▼ 99.7% |
| Suppliers440/4 | - | - | - | €986 | €5,898 | €9,890 | €7,545 | €24 | ▼ 99.7% |
| Taxes, remuneration and social security45 | - | - | - | €12,662 | €12,513 | €20,039 | €10,425 | €10,000 | ▼ 4.1% |
| Taxes450/3 | - | - | - | €1,563 | €2,680 | €10,515 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €11,099 | €9,833 | €9,524 | €10,425 | €10,000 | ▼ 4.1% |
| Other amounts payable47/48 | - | - | - | €24,209 | €25,001 | €23,989 | €23,989 | €104,157 | ▲ 334% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€360 | €20,507 | €10,437 | €9,100 | €12,473 | €31,125 | €21,260 | €82,353 | ▲ 287% |
| + Depreciation and write-downs630 | €8,040 | €11,795 | €11,183 | €9,993 | €6,963 | €8,228 | €9,202 | €20,943 | ▲ 128% |
| Operating cash flow (approximation) | €7,680 | €32,302 | €21,620 | €19,093 | €19,436 | €39,353 | €30,462 | €103,296 | ▲ 239% |
| Investment in fixed assets (approximation) | - | -€4,266 | -€6,373 | €0 | -€4,611 | -€37,334 | -€1,393 | -€235,487 | ▼ 16,800% |
| Change in cash | - | €12,656 | €18,540 | €27,675 | €22,264 | €8,785 | €21,709 | -€109,684 | - |
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, 34,693 companies had the same profile as ROBETH has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
The bankruptcy probability of ROBETH itself is higher: 1.2% within 12 months. It rests on far more data about ROBETH than the profile alone.
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 34,693 companies, not a prediction for ROBETH. 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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-09-2026 | 2026-00518279 | |
| 31-12-2024 | abbreviated format | 30-08-2025 | 2025-00466698 | |
| 31-12-2023 | micro format | 17-08-2024 | 2024-00370735 | |
| 31-12-2022 | micro format | 18-09-2023 | 2023-00451924 | |
| 31-12-2021 | abbreviated format | 30-11-2022 | 2022-20531783 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61800245 | |
| 31-12-2019 | micro format | 17-09-2020 | 2020-54200163 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60000337 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66700517 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-46600555 |