RODENBACH
ActiveSummary
RODENBACH has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€133,941) and a net result of -€17,571. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 5% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+5
Solvency0=
Growth25▼-13
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.08 in 2024; short-term debt: 61.6% and cash: 1.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-73.2%
Return on assets
-9.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819232425
2018 to 2025 · latest year -€133,941
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
2 d early
2022
3 d early
2021
79 d late
2020
2 d late
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€36,770▼ 15.4%
2021 · €43,476
EBIT margin
40.1%▼ 25.0pp
2021 · 65.1%
Net result
-€17,571▲ 19.3%
2024 · -€21,760
Working capital
-€109,574▼ 25.1%
2024 · -€87,567
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€43,476▼ 10.8%€36,770▼ 15.4%
Operating result€28,303▲ 18.9%€14,745▼ 47.9%€24,850▲ 68.5%-€7,128-€4,878▲ 31.6%
Net result€9,059within the sector's middle half▲ 188%-€2,799within the sector's middle half€8,571within the sector's middle half-€21,760within the sector's middle half-€17,571within the sector's middle half▲ 19.3%
EBIT margin65.1%▲ 16.3pp40.1%▼ 25.0pp
Equity-€94,609below the sector's middle half-€116,370below the sector's middle half▼ 23.0%-€133,941below the sector's middle half▼ 15.1%
Total assets€332,791below the sector's middle half▼ 7.7%€289,994below the sector's middle half▼ 12.9%€254,072below the sector's middle half▼ 12.4%€226,613below the sector's middle half▼ 10.8%€183,012below the sector's middle half▼ 19.2%
Debt€433,172▼ 7.8%€393,174▼ 9.2%€348,681▼ 11.3%€342,983▼ 1.6%€316,953▼ 7.6%
Working capital-€58,804within the sector's middle half▲ 4.1%-€61,931within the sector's middle half▼ 5.3%-€54,482within the sector's middle half▲ 12.0%-€87,567within the sector's middle half▼ 60.7%-€109,574within the sector's middle half▼ 25.1%
Solvency-37.2%below the sector's middle half-51.4%below the sector's middle half▼ 14.1pp-73.2%below the sector's middle half▼ 21.8pp
Current ratio0.13below the sector's middle half▲ 0.020.07below the sector's middle half▼ 0.070.11below the sector's middle half▲ 0.040.08below the sector's middle half▼ 0.030.03below the sector's middle half▼ 0.05
Return on assets (ROA)2.7%within the sector's middle half▲ 1.8pp-1.0%within the sector's middle half▼ 3.7pp3.4%within the sector's middle half▲ 4.3pp-9.6%below the sector's middle half▼ 13.0pp-9.6%below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,878 in 2025 against €7,128 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183,012
Fixed assets
€179,922 ▼ 17.9%
Current assets
€3,091 ▼ 59.0%
Key figures and ratios
EBITDA
€34,270▲
2024 · €30,772
Cash flow
€21,577▲
2024 · €16,141
Debt to equity
-2.37▲
2024 · -2.95
Interest coverage
2.70▲
2024 · 2.10
Debt ≤ 1 year
€112,664▲
2024 · €95,110
Debt > 1 year
€202,380▼
2024 · €245,499
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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%.
| 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 2,338 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €43,476 | €36,770 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €5,076 | €9,856 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,503 | €38,195 | €38,201 | €37,901 | €39,148 | ▲ 3.3% |
| Other operating charges640/8 | €5,594 | €7,974 | €6,733 | €6,993 | €7,213 | ▲ 3.1% |
| Gross operating margin9900 | €72,400 | €60,914 | €69,784 | €37,766 | €41,483 | ▲ 9.8% |
| Operating profit (loss)9901 | €28,303 | €14,745 | €24,850 | -€7,128 | -€4,878 | ▲ 31.6% |
| Financial charges65/66B | €19,244 | €17,544 | €16,279 | €14,632 | €12,693 | ▼ 13.2% |
| Recurring financial charges65 | €19,244 | €17,544 | €16,279 | €14,632 | €12,693 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €9,059 | -€2,799 | €8,571 | -€21,760 | -€17,571 | ▲ 19.3% |
| Profit (loss) for the period9904 | €9,059 | -€2,799 | €8,571 | -€21,760 | -€17,571 | ▲ 19.3% |
| Profit (loss) for the period to be appropriated9905 | €9,059 | -€2,799 | €8,571 | -€21,760 | -€17,571 | ▲ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €332,791 | €289,994 | €254,072 | €226,613 | €183,012 | ▼ 19.2% |
| Fixed assets21/28 | €323,725 | €285,530 | €247,329 | €219,070 | €179,922 | ▼ 17.9% |
| Tangible fixed assets22/27 | €323,725 | €285,530 | €247,329 | €219,070 | €179,922 | ▼ 17.9% |
| Other tangible fixed assets26 | €323,725 | €285,530 | €247,329 | €219,070 | €179,922 | ▼ 17.9% |
| Current assets29/58 | €9,066 | €4,464 | €6,743 | €7,543 | €3,091 | ▼ 59.0% |
| Amounts receivable within one year40/41 | €2,652 | €195 | €19 | €5,364 | €92 | ▼ 98.3% |
| Trade receivables40 | €2,252 | - | - | - | €65 | - |
| Other amounts receivable41 | €400 | €195 | €19 | €5,364 | €27 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €6,140 | €3,975 | €6,394 | €1,840 | €2,661 | ▲ 44.6% |
| Deferred charges and accrued income490/1 | €274 | €294 | €330 | €339 | €338 | ▼ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €332,791 | €289,994 | €254,072 | €226,613 | €183,012 | ▼ 19.2% |
| Equity10/15 | - | - | -€94,609 | -€116,370 | -€133,941 | ▼ 15.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Other1109/19 | €6,200 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€106,581 | -€109,380 | -€100,809 | -€122,570 | -€140,141 | ▼ 14.3% |
| Amounts payable17/49 | €433,172 | €393,174 | €348,681 | €342,983 | €316,953 | ▼ 7.6% |
| Amounts payable after more than one year17 | €363,679 | €326,066 | €286,700 | €245,499 | €202,380 | ▼ 17.6% |
| Financial debts170/4 | €363,679 | €326,066 | €286,700 | €245,499 | €202,380 | ▼ 17.6% |
| Amounts payable within one year42/48 | €67,870 | €66,395 | €61,225 | €95,110 | €112,664 | ▲ 18.5% |
| Current portion of amounts payable after more than one year42 | €35,939 | €37,614 | €39,366 | €41,200 | €43,120 | ▲ 4.7% |
| Trade debts44 | €263 | €391 | €1,923 | €3,324 | €34,290 | ▲ 932% |
| Suppliers440/4 | €263 | €391 | €1,923 | €3,324 | €34,290 | ▲ 932% |
| Taxes, remuneration and social security45 | €23 | €1,840 | €1,785 | - | €109 | - |
| Taxes450/3 | €23 | €1,840 | €1,785 | - | €109 | - |
| Other amounts payable47/48 | €31,645 | €26,550 | €18,150 | €50,585 | €35,145 | ▼ 30.5% |
| Accrued charges and deferred income492/3 | €1,623 | €713 | €757 | €2,373 | €1,909 | ▼ 19.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,059 | -€2,799 | €8,571 | -€21,760 | -€17,571 | ▲ 19.3% |
| + Depreciation and write-downs630 | €38,503 | €38,195 | €38,201 | €37,901 | €39,148 | ▲ 3.3% |
| Operating cash flow (approximation) | €47,562 | €35,396 | €46,772 | €16,141 | €21,577 | ▲ 33.7% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | -€9,642 | €0 | ▲ 100% |
| Change in cash | - | -€2,165 | €2,419 | -€4,554 | €820 | ▲ 118% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€21,760
Net result drops to -€21,760, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €8,571
Net result €8,571 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 79 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €21,311 ▲44.8%
Operating result €43,463, net result €21,311, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2010
Ground area
973 m²
Building footprint
857 m²
Volume, LiDAR
7,974 m³
Parcel 21813E0101/00N003, Brussels · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
François Joseph Navezstraat 78-86, 1000 Brussel
since 20102.257.096.166
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813E0101/00N003 | Brussels | 973 m² | 1 · 857 m² | 14.9 m · 3 fl. |
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.
Structure & network
Owners and holdings
2 ownersOwners 2
- CHRISTINE THOMASnatural personSourceown accounts 202550%
- Pablo Rauwersnatural personSourceown accounts 202550%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of RODENBACH and those 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831501024
Also
9925:BE0831501024
Registered
29-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.