RODECA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-04-2026 PDF all 29 filings
Every figure per financial year
The operating result for 2025 is a loss of €11,489, smaller than the loss of €20,072 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €4,543 | €27,310 | €17,689 | €19,951 |
| Depreciation and write-downs of the year | €18,918 | €19,796 | €20,457 | €20,748 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €100,000 awarded| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,582 | €18,792 | €18,837 | €18,918 | €19,796 | €20,457 | €20,748 | ▲ 1.4% |
| Other operating charges640/8 | - | - | - | €4,773 | €5,494 | €4,957 | €5,343 | ▲ 7.8% |
| Gross operating margin9900 | €15,714 | €17,702 | €23,650 | €12,774 | €28,660 | €5,342 | €14,602 | ▲ 173% |
| Operating profit (loss)9901 | -€10,655 | -€5,599 | €652 | -€10,917 | €3,369 | -€20,072 | -€11,489 | ▲ 42.8% |
| Financial income75/76B | - | - | - | - | - | - | €1,022 | - |
| Recurring financial income75 | - | - | - | - | - | - | €1,022 | - |
| Non-recurring financial income76B | - | - | - | - | - | - | €1,022 | - |
| Financial charges65/66B | - | - | - | €458 | €370 | €468 | €242 | ▼ 48.4% |
| Recurring financial charges65 | €431 | €222 | €537 | €458 | €370 | €468 | €242 | ▼ 48.4% |
| Profit (loss) for the period before taxes9903 | -€11,087 | -€5,821 | €115 | -€11,376 | €2,999 | -€20,540 | -€10,708 | ▲ 47.9% |
| Profit (loss) for the period9904 | -€11,087 | -€5,821 | €115 | -€11,376 | €2,999 | -€20,540 | -€10,708 | ▲ 47.9% |
| Profit (loss) for the period to be appropriated9905 | -€11,087 | -€5,821 | €115 | -€11,376 | €2,999 | -€20,540 | -€10,708 | ▲ 47.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €541,179 | €522,989 | €517,806 | €511,696 | €515,251 | €495,571 | €504,362 | ▲ 1.8% |
| Fixed assets21/28 | €533,487 | €521,691 | €504,854 | €490,479 | €497,993 | €495,225 | €494,428 | ▼ 0.2% |
| Tangible fixed assets22/27 | €533,487 | €521,691 | €504,854 | €490,479 | €497,993 | €495,225 | €494,428 | ▼ 0.2% |
| Land and buildings22 | - | - | - | €490,479 | €497,993 | €495,225 | €494,428 | ▼ 0.2% |
| Current assets29/58 | €7,692 | €1,298 | €12,952 | €21,217 | €17,258 | €346 | €9,934 | ▲ 29× |
| Cash at bank and in hand54/58 | €7,692 | €1,298 | €12,952 | €21,217 | €17,258 | €346 | €9,820 | ▲ 28× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €115 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €541,179 | €522,989 | €517,806 | €511,696 | €515,251 | €495,571 | €504,362 | ▲ 1.8% |
| Equity10/15 | €498,184 | €492,363 | €492,478 | €481,102 | €484,101 | €463,561 | €452,853 | ▼ 2.3% |
| Contributions10/11 | €640,805 | €640,805 | €640,805 | €640,805 | €640,805 | €640,805 | €640,805 | = |
| Capital10 | - | - | - | €640,805 | €640,805 | €640,805 | €640,805 | = |
| Issued capital100 | - | - | - | €640,805 | €640,805 | €640,805 | €640,805 | = |
| Profit (loss) carried forward14 | -€142,621 | -€148,442 | -€148,327 | -€159,703 | -€156,704 | -€177,244 | -€187,952 | ▼ 6.0% |
| Amounts payable17/49 | €42,995 | €30,626 | €25,328 | €30,594 | €31,149 | €32,010 | €51,509 | ▲ 60.9% |
| Amounts payable within one year42/48 | €42,995 | €30,626 | €25,328 | €30,594 | €31,149 | €32,010 | €51,509 | ▲ 60.9% |
| Trade debts44 | - | - | - | €3,322 | €31,149 | €427 | €75 | ▼ 82.4% |
| Suppliers440/4 | - | - | - | €3,322 | €31,149 | €427 | €75 | ▼ 82.4% |
| Other amounts payable47/48 | - | - | - | €27,271 | - | €31,583 | €51,434 | ▲ 62.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,087 | -€5,821 | €115 | -€11,376 | €2,999 | -€20,540 | -€10,708 | ▲ 47.9% |
| + Depreciation and write-downs630 | €18,582 | €18,792 | €18,837 | €18,918 | €19,796 | €20,457 | €20,748 | ▲ 1.4% |
| Operating cash flow (approximation) | €7,495 | €12,971 | €18,952 | €7,543 | €22,795 | -€84 | €10,040 | - |
| Investment in fixed assets (approximation) | - | -€6,996 | -€2,000 | -€4,543 | -€27,310 | -€17,689 | -€19,951 | ▼ 12.8% |
| Change in cash | - | -€6,394 | €11,654 | €8,265 | -€3,959 | -€16,912 | €9,474 | - |
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, 8,617 companies had the same profile as RODECA has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RODECA 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.
| 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 8,617 companies, not a prediction for RODECA. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 26-04-2026 | 2026-00089059 | |
| 30-09-2024 | micro format | 20-03-2025 | 2025-00051880 | |
| 30-09-2023 | micro format | 19-04-2024 | 2024-00066179 | |
| 30-09-2022 | micro format | 30-03-2023 | 2023-00051202 | |
| 30-09-2021 | micro format | 28-03-2022 | 2022-08800305 | |
| 30-09-2020 | micro format | 16-03-2021 | 2021-07600570 | |
| 30-09-2019 | micro format | 26-03-2020 | 2020-07500538 | |
| 30-09-2018 | abbreviated format | 29-03-2019 | 2019-08500385 | |
| 30-09-2017 | abbreviated format | 25-05-2018 | 2018-13900382 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-07900399 |