Checked.be
Active
BE 0459.797.618Private limited company
RODEX
Rue des Sept Douleurs 16 ·7190 Ecaussinnes, Belgium· 29 yrs active
Sector: Other tax advisory services
(69209)
Conclusion
RODEX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €89k and a net result of €36k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 15373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €89k |
| Net result | €36k |
| Better than sector | 22% |
| Active | 29 yrs |
Financial profile
82
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
91
Profitability
100
Solvency
65
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
91
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€8k
estimate, not credit advice
Score history
81
2021
93
2022
70
2023
91
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.43 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.43 (≥ 1.0)
+5
Profitability
ROE 41% (≥ 10%)
+10
Interest coverage
Interest coverage 6.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-07-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~9.8%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 69, Legal and accounting activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 27.6% | 59.3% | |
| Net result | €36k | €34k | |
| Equity | €89k | €97k | |
| Gross operating margin | €90k | €70k | |
| Staff costs | €10k | €41k |
€78k
+39.7%
21-24
€36k
+58.4%
21-24
€47k
+24.6%
21-24
€321k
-2.1%
21-24
€89k
+31.3%
21-24
€235k
+1.8%
21-24
€10k
+258.1%
21-24
€24k
+95.4%
21-24
€22k
+40.1%
21-24
€233k
-10.8%
21-24
€69k
-0.5%
21-24
€160k
-16.3%
21-24
4.43
+1.8%
21-24
4.43
+1.8%
21-24
27.6%
+34.2%
21-24
2.62
-32.1%
21-24
40.7%
+20.6%
21-24
11.3%
+61.9%
21-24
5.95
+15.9%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €78k | €56k | €68k | €86k |
| Net profit | €36k | €23k | €39k | €56k |
| Cash flow | €47k | €38k | €54k | €68k |
| Staff costs | €10k | €3k | €582 | €498 |
| Income taxes | €24k | €12k | €13k | €17k |
| Dividends | - | €22k | €16k | €54k |
| Total assets | €321k | €328k | €103k | €131k |
| Equity | €89k | €68k | €84k | €60k |
| Debt | €233k | €261k | €19k | €70k |
| of which ≤ 1y | €69k | €69k | €18k | €65k |
| of which > 1y | €160k | €192k | €884 | €5k |
| Working capital | €235k | €231k | €44k | €16k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 4.43 | 4.35 | 3.46 | 1.24 |
| Quick ratio | 4.43 | 4.35 | 3.46 | 1.24 |
| Working capital ratio | 73.2% | 70.4% | 43.2% | 12.0% |
| Solvency | 27.6% | 20.6% | 81.6% | 46.1% |
| Debt / equity | 2.62 | 3.85 | 0.23 | 1.17 |
| Long-term debt ratio | 1.81 | 2.84 | 0.01 | 0.09 |
| Interest coverage | 5.95 | 5.14 | 360.64 | 286.81 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 11.3% | 7.0% | 38.1% | 42.7% |
| ROE | 40.7% | 33.8% | 46.8% | 92.6% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €321k | €328k | €103k | €131k |
| Fixed assets | 21/28 | €18k | €28k | €40k | €50k |
| Tangible fixed assets | 22/27 | €18k | €28k | €40k | €50k |
| Current assets | 29/58 | €304k | €300k | €62k | €81k |
| Amounts receivable within one year | 40/41 | €31k | €22k | €31k | €22k |
| Cash & bank | 54/58 | €122k | €133k | €31k | €59k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €321k | €328k | €103k | €131k |
| Equity | 10/15 | €89k | €68k | €84k | €60k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €47k | €26k | €43k | €43k |
| Accumulated profits (losses) | 14 | €36k | €36k | €35k | €11k |
| Amounts payable | 17/49 | €233k | €261k | €19k | €70k |
| Amounts payable after one year | 17 | €160k | €192k | €884 | €5k |
| Amounts payable within one year | 42/48 | €69k | €69k | €18k | €65k |
| Trade debts payable within one year | 44 | €10k | €5k | €3k | €3k |
| Income statement | |||||
| Gross operating margin | 9900 | €90k | €60k | €71k | €89k |
| Operating result | 9901 | €67k | €41k | €53k | €73k |
| Financial income | 75 | €6k | €5k | - | €0 |
| Financial charges | 65 | €13k | €11k | €187 | €299 |
| Result before taxes | 9903 | €60k | €35k | €53k | €73k |
| Income taxes | 67/77 | €24k | €12k | €13k | €17k |
| Net result for the period | 9904 | €36k | €23k | €39k | €56k |
| Result to be appropriated | 9905 | €36k | €23k | €39k | €56k |
Legal Structure
| NACE primary | Other tax advisory services(69209) |
| Legal form | Private limited company(610) |
| Incorporation | 20-01-1997 |
| Status | Active |
| Postal code | 7190 |
Establishment units
Rue des Sept Douleurs 16, 7190 Ecaussinnes
since 19972.080.186.378
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55008B0544/00K003 | Wallonia | 1,034 m² | 1 · 151 m² | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €23k ▼41.7%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 3.46
Current ratio from 1.24 to 3.46; short-term debt falls from €65k to €18k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Risk and damage evaluation6621067202Accountants69201Other tax advisory services6920974124Agents in non-specialised wholesale trade46190
Names & trade names
| Legal nameFR | RODEX |
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