RODAL
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2024, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d early
2022
21 d early
2021
31 d late
2020
19 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€375,416▼ 0.1%
2022 · €375,752
Total assets
€395,114▼ 63.8%
2022 · €1.1m
Net result
-€335
2022 · €250,786
Working capital
€345,666▲ 3.9%
2022 · €332,699
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€1,857▲ 170%€193,357▲ 10,314%€65,254▼ 66.3%€340,586▲ 422%-€1,625
Net result€2,614▲ 0.5%€153,033▲ 5,754%€59,496▼ 61.1%€250,786▲ 322%-€335
Equity€2.3m▲ 0.1%€2.4m▲ 6.7%€2.5m▲ 2.4%€375,752▼ 84.9%€375,416▼ 0.1%
Total assets€2.6m▼ 5.9%€2.8m▲ 6.7%€2.6m▼ 5.3%€1.1m▼ 58.1%€395,114▼ 63.8%
Debt€283,301▼ 36.6%€301,938▲ 6.6%€113,123▼ 62.5%€714,930▲ 532%€19,698▼ 97.2%
Working capital€2.0m▲ 6.5%€2.3m▲ 12.7%€2.3m▲ 2.5%€332,699▼ 85.7%€345,666▲ 3.9%
Staff (FTE)15.6▼ 19.2%12.4▼ 20.5%11.4▼ 8.1%3.2▼ 71.9%1.3▼ 59.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €1,625 after €340,586 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €395,114
Fixed assets
€29,750 ▼ 30.9%
Current assets
€365,364 ▼ 65.1%
Equity and liabilities €395,114
Equity
€375,416 ▼ 0.1%
Debt
€19,698 ▼ 97.2%
Debt's share of the balance-sheet total falls from 65.5% to 5.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,677▼
2022 · €364,757
Cash flow
€12,967▼
2022 · €274,956
Current ratio
18.55▲
2022 · 1.47
Debt to equity
0.05▼
2022 · 1.90
ROE
-0.1%▼
2022 · 66.7%
ROA
-0.1%▼
2022 · 23.0%
Interest coverage
23.21▼
2022 · 176.53
Debt ≤ 1 year
€19,698▼
2022 · €714,930
Income taxes
€3,644▼
2022 · €90,059
Staff costs
€79,207▼
2022 · €173,840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €17,000 | - | €47,719 | - |
| Remuneration, social security and pensions62 | - | - | €370,805 | €173,840 | €79,207 | ▼ 54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €122,028 | €101,959 | €79,578 | €24,171 | €13,302 | ▼ 45.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€15,963 | - | - | - |
| Other operating charges640/8 | - | - | €39,270 | €7,992 | €11,847 | ▲ 48.2% |
| Non-recurring operating charges66A | - | - | €103,481 | - | - | - |
| Gross operating margin9900 | €796,139 | €753,936 | €642,426 | €546,589 | €102,731 | ▼ 81.2% |
| Operating profit (loss)9901 | €1,857 | €193,357 | €65,254 | €340,586 | -€1,625 | ▼ 100% |
| Financial income75/76B | - | - | €32,175 | €2,325 | €5,437 | ▲ 134% |
| Recurring financial income75 | €37,947 | €37,439 | €32,175 | €2,325 | €5,437 | ▲ 134% |
| Financial charges65/66B | - | - | €14,595 | €2,066 | €503 | ▼ 75.6% |
| Recurring financial charges65 | €24,104 | €18,672 | €14,595 | €2,066 | €503 | ▼ 75.6% |
| Profit (loss) for the period before taxes9903 | €15,700 | €212,125 | €82,835 | €340,845 | €3,309 | ▼ 99.0% |
| Income taxes67/77 | €13,085 | €59,092 | €23,339 | €90,059 | €3,644 | ▼ 96.0% |
| Profit (loss) for the period9904 | €2,614 | €153,033 | €59,496 | €250,786 | -€335 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €2,614 | €153,033 | €59,496 | €250,786 | -€335 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.8m | €2.6m | €1.1m | €395,114 | ▼ 63.8% |
| Fixed assets21/28 | €282,712 | €180,753 | €166,606 | €43,052 | €29,750 | ▼ 30.9% |
| Intangible fixed assets21 | €1,701 | - | - | - | - | - |
| Tangible fixed assets22/27 | €280,900 | €180,642 | €166,495 | €42,941 | €29,639 | ▼ 31.0% |
| Plant, machinery and equipment23 | - | - | €100,031 | - | - | - |
| Furniture and vehicles24 | - | - | €66,464 | €42,941 | €29,639 | ▼ 31.0% |
| Financial fixed assets28 | €112 | €112 | €112 | €112 | €112 | = |
| Current assets29/58 | €2.3m | €2.6m | €2.4m | €1.0m | €365,364 | ▼ 65.1% |
| Stocks and contracts in progress3 | €699,794 | €565,592 | €310,032 | - | - | - |
| Stocks30/36 | - | - | €310,032 | - | - | - |
| Amounts receivable within one year40/41 | €407,869 | €476,586 | €1.8m | €66,285 | €75,290 | ▲ 13.6% |
| Trade receivables40 | - | - | €286,478 | €49,615 | €29,172 | ▼ 41.2% |
| Other amounts receivable41 | - | - | €1.5m | €16,670 | €46,119 | ▲ 177% |
| Current investments50/53 | €350,000 | - | - | €200,000 | - | - |
| Cash at bank and in hand54/58 | €771,011 | €1.5m | €328,596 | €781,344 | €290,074 | ▼ 62.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.8m | €2.6m | €1.1m | €395,114 | ▼ 63.8% |
| Equity10/15 | €2.3m | €2.4m | €2.5m | €375,752 | €375,416 | ▼ 0.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €2.2m | €2.4m | €2.4m | €313,752 | €313,752 | = |
| Non-distributable reserves130/1 | - | - | €50,819 | €50,819 | €50,819 | = |
| Legal reserve130 | - | - | €34,289 | €34,289 | €34,289 | = |
| Other1319 | - | - | €16,530 | €16,530 | €16,530 | = |
| Tax-exempt reserves132 | - | - | €12,147 | €12,147 | €12,147 | = |
| Distributable reserves133 | - | - | €2.4m | €250,786 | €250,786 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€335 | - |
| Provisions and deferred taxes16 | €15,610 | €15,963 | - | - | - | - |
| Amounts payable17/49 | €283,301 | €301,938 | €113,123 | €714,930 | €19,698 | ▼ 97.2% |
| Amounts payable within one year42/48 | €283,301 | €301,938 | €113,123 | €714,930 | €19,698 | ▼ 97.2% |
| Trade debts44 | €192,445 | €194,273 | €83,588 | €17,073 | €9,391 | ▼ 45.0% |
| Suppliers440/4 | - | - | €83,588 | €17,073 | €9,391 | ▼ 45.0% |
| Taxes, remuneration and social security45 | - | - | €29,534 | €30,457 | €5,115 | ▼ 83.2% |
| Taxes450/3 | - | - | €611 | €16,017 | - | - |
| Remuneration and social security454/9 | - | - | €28,923 | €14,440 | €5,115 | ▼ 64.6% |
| Other amounts payable47/48 | - | - | - | €667,400 | €5,191 | ▼ 99.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,614 | €153,033 | €59,496 | €250,786 | -€335 | ▼ 100% |
| + Depreciation and write-downs630 | €122,028 | €101,959 | €79,578 | €24,171 | €13,302 | ▼ 45.0% |
| Operating cash flow (approximation) | €124,642 | €254,992 | €139,073 | €274,956 | €12,967 | ▼ 95.3% |
| Investment in fixed assets (approximation) | - | €0 | -€65,431 | €99,383 | €0 | ▼ 100% |
| Change in cash | - | €751,090 | -€1.2m | €452,748 | -€491,270 | ▼ 209% |
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
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€335
Net result drops to -€335, the lowest in the series.
31-12
Financial
Liquidity times 13current ratio 18.55
Current ratio from 1.47 to 18.55; short-term debt falls from €714,930 to €19,698.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €250,786 ▲322%
Operating result €340,586, net result €250,786, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 21.56
Current ratio from 8.51 to 21.56; short-term debt falls from €301,938 to €113,123.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
10-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Structure & network
Owners and holdings
1 ownerChain of control
- SMETS
- RODAL
Highest known parent: SMETS. The sources do not say who stands above it.
Owners 1
- SMETSparentSourceaccounts SMETS 202399.7%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.