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RODE

Active
Public limited companyfounded 198937 yrs activeHeldergemstraat(HE) 57, 9450 Haaltert, BelgiumKBO/BCE: BE 0438.251.245
Summary

RODE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €563,401 and a net result of -€520. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability69=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
short-term debt: 0.3% and cash: 82.9% of total assets, and 0.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
99.7%
Return on assets
-0.1%
Age of the figures
4 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2026 was due by 31-12-2026 and was filed on 25-08-2026, 128 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
128 d early
2025
96 d early
2024
118 d early
2023
96 d early
2022
117 d early
2021
113 d early
2020
115 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 112 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2027 and is due by 31-12-2027. Nothing is late today. Usually files around 5 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-05-2027 close31-12-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 31 August 1989, RODE was incorporated.1 Total assets went from EUR 398,177 in 2019 to EUR 565,042 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, abbreviated schema

Equity
€563,401▼ 0.1%
2025 · €563,921
Total assets
€565,042▲ 0.2%
2025 · €563,921
Net result
-€520▼ 75.1%
2025 · -€297
Working capital
€467,853▲ 1.5%
2024 · €460,954
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
Line20222023202420252026
Operating result-€2,190▼ 3.2%€1,801-€105-€287▼ 173%-€5▲ 98.3%
Net result-€2,203▼ 3.3%€1,630-€115-€297▼ 158%-€520▼ 75.1%
Equity€562,703▼ 0.4%€564,333▲ 0.3%€564,218=€563,921▼ 0.1%€563,401▼ 0.1%
Total assets€563,172▼ 0.4%€565,712▲ 0.5%€565,927=€563,921▼ 0.4%€565,042▲ 0.2%
Debt€469▼ 15.3%€1,379▲ 194%€1,709▲ 23.9%€1,641
Working capital€440,786▲ 1.5%€450,949▲ 2.3%€460,954▲ 2.2%€467,853
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000Operating result 2022: -€2,190-€2,190Net result 2022: -€2,203-€2,203Operating result 2023: €1,801€1,801Net result 2023: €1,630€1,630Operating result 2024: -€105-€105Net result 2024: -€115-€115Operating result 2025: -€287-€287Net result 2025: -€297-€297Operating result 2026: -€5-€5Net result 2026: -€520-€52020222023202420252026-€600-€400-€200€0Operating result 2024: -€105-€105Net result 2024: -€115-€115Operating result 2025: -€287-€287Net result 2025: -€297-€297Operating result 2026: -€5-€5Net result 2026: -€520-€520202420252026
The operating result stays negative: a loss of €5 in 2026 against €287 in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €565,042
Fixed assets €95,548 ▼ 3.6%
Current assets €469,494 ▲ 1.0%
Equity and liabilities €565,042
Equity €563,401
Debt €1,641
Debt finances 0.3% of the balance-sheet total.
Key figures and ratios
2026 value · change against 2025
EBITDA
€3,593▼
2025 · €5,072
Cash flow
€3,078▼
2025 · €5,062
Debt to equity
0.00
ROE
-0.1%▼
2025 · -0.1%
ROA
-0.1%▼
2025 · -0.1%
Interest coverage
6.98▼
2025 · 507.20
Debt ≤ 1 year
€1,641
A ratio outside any meaningful range has been withheld (balance sheet total €565,042, equity €563,401).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 8,616 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 33 lines
Balance sheet Code20252026
Assets
Total assets20/58€563,921€565,042▲
Fixed assets21/28€99,146€95,548▼
Tangible fixed assets22/27€99,146€95,548▼
Land and buildings22€99,146€95,548▼
Current assets29/58€464,775€469,494▲
Amounts receivable within one year40/41€3,000-
Other amounts receivable41€3,000-
Cash at bank and in hand54/58€459,852€468,224▲
Deferred charges and accrued income490/1€1,923€1,270▼
Equity and liabilities
Total equity and liabilities10/49€563,921€565,042▲
Equity10/15€563,921€563,401▼
Contributions10/11€286,500€286,500=
Capital10€286,500€286,500=
Issued capital100€286,500€286,500=
Reserves13€277,421€276,901▼
Non-distributable reserves130/1€28,650€28,650=
Legal reserve130€28,650€28,650=
Distributable reserves133€248,771€248,251▼
Amounts payable17/49-€1,641
Amounts payable within one year42/48-€1,641
Trade debts44-€1,641
Suppliers440/4-€1,641
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,359€3,598▼
Other operating charges640/8€5,858€6,038▲
Gross operating margin9900€10,930€9,631▼
Operating profit (loss)9901-€287-€5▲
Financial charges65/66B€10€515▲
Recurring financial charges65€10€515▲
Profit (loss) for the period before taxes9903-€297-€520▼
Profit (loss) for the period9904-€297-€520▼
Profit (loss) for the period to be appropriated9905-€297-€520▼
Appropriation of the result
Profit (loss) to be appropriated9906-€297-€520▼
Transfer from equity791/2€297€520▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,880€8,880€8,880€5,359€3,598▼ 32.9%
Other operating charges640/8€469€479€5,645€5,858€6,038▲ 3.1%
Gross operating margin9900€7,159€11,160€14,420€10,930€9,631▼ 11.9%
Operating profit (loss)9901-€2,190€1,801-€105-€287-€5▲ 98.3%
Financial charges65/66B€13€10€10€10€515▲ 5,050%
Recurring financial charges65€13€10€10€10€515▲ 5,050%
Profit (loss) for the period before taxes9903-€2,203€1,790-€115-€297-€520▼ 75.1%
Income taxes67/77-€160----
Profit (loss) for the period9904-€2,203€1,630-€115-€297-€520▼ 75.1%
Profit (loss) for the period to be appropriated9905-€2,203€1,630-€115-€297-€520▼ 75.1%
Line20222023202420252026Change
Assets
Total assets20/58€563,172€565,712€565,927€563,921€565,042▲ 0.2%
Fixed assets21/28€122,264€113,384€104,504€99,146€95,548▼ 3.6%
Tangible fixed assets22/27€122,264€113,384€104,504€99,146€95,548▼ 3.6%
Land and buildings22€122,264€113,384€104,504€99,146€95,548▼ 3.6%
Current assets29/58€440,908€452,328€461,423€464,775€469,494▲ 1.0%
Amounts receivable within one year40/41---€3,000--
Other amounts receivable41---€3,000--
Cash at bank and in hand54/58€439,480€450,939€459,742€459,852€468,224▲ 1.8%
Deferred charges and accrued income490/1€1,428€1,388€1,681€1,923€1,270▼ 34.0%
Equity and liabilities
Total equity and liabilities10/49€563,172€565,712€565,927€563,921€565,042▲ 0.2%
Equity10/15€562,703€564,333€564,218€563,921€563,401▼ 0.1%
Contributions10/11€286,500€286,500€286,500€286,500€286,500=
Capital10€286,500€286,500€286,500€286,500€286,500=
Issued capital100€286,500€286,500€286,500€286,500€286,500=
Reserves13€276,203€277,833€277,718€277,421€276,901▼ 0.2%
Non-distributable reserves130/1€28,650€28,650€28,650€28,650€28,650=
Legal reserve130€28,650€28,650€28,650€28,650€28,650=
Distributable reserves133€247,553€249,183€249,068€248,771€248,251▼ 0.2%
Amounts payable17/49€469€1,379€1,709-€1,641-
Amounts payable within one year42/48€122€1,379€469-€1,641-
Trade debts44€122---€1,641-
Suppliers440/4€122---€1,641-
Taxes, remuneration and social security45-€160----
Taxes450/3-€160----
Other amounts payable47/48-€1,219€469---
Accrued charges and deferred income492/3€348-€1,240---
Line20222023202420252026Change
Profit (loss) for the period9904-€2,203€1,630-€115-€297-€520▼ 75.1%
+ Depreciation and write-downs630€8,880€8,880€8,880€5,359€3,598▼ 32.9%
Operating cash flow (approximation)€6,677€10,510€8,765€5,062€3,078▼ 39.2%
Investment in fixed assets (approximation)-€0€0-€1€0▲ 100%
Change in cash-€11,460€8,803€110€8,372▲ 7,511%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-12-2027
2026
25-08
NBB filing Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
26-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
04-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
31-05
Financial Liquidity triplescurrent ratio 983.84
Current ratio from 327.94 to 983.84; short-term debt falls from €1,379 to €469.
2023
26-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-05
Financial Back to profitnet €1,630
Net result €1,630 after 2 loss-making years.
2022
05-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
09-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
31-05
Financial Liquidity times 128current ratio 2104.85
Current ratio from 16.48 to 2104.85; short-term debt falls from €27,602 to €206.
2020
07-09
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
31-05
Financial Back to profitnet €170,900
Net result €170,900 after one loss-making year.
31-05
Financial Equity above €500,000Eq €567,039 ▲43.1%
Equity rises from €396,138 to €567,039.
Show earlier events
2019
09-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
10-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Haaltert · 1 establishment unit since 1989
seat establishment The establishment unit on the map
Ground area
378 m²
Parcel 41025B0482/00P002, Flanders. Linked by address, not a title deed.
1 establishment unit
NV RODE
Heldergemstraat(HE) 57, 9450 HaaltertNACE 70201
since 19892.046.083.455
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41025B0482/00P002 Flanders 378 m² - -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded31-08-1989
Fiscal year end31-05
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.