ROECOL
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-10-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
35 d early
2023
4 d early
2022
26 d early
2021
45 d early
2020
39 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
€29.56M▼ 1.7%
2024 · €30.05M
2019: €24.55M
2020: €25.39M
2021: €21.73M
2022: €22.83M
2023: €33.31M
2024: €30.05M
2019 → 2025
EBIT margin
0.9%▼ 7.9pp
2024 · 8.8%
2019: 20.7%
2020: 20.7%
2021: 16.7%
2022: 15.7%
2023: 14.5%
2024: 8.8%
2019 → 2025
Net result
€205k▼ 90.1%
2024 · €2.07M
2019: €3.55M
2020: €3.95M
2021: €2.44M
2022: €2.68M
2023: €3.63M
2024: €2.07M
2019 → 2025
Working capital
€760k▲ 2,894%
2024 · €25k
2019: €-2.72M
2020: €-497k
2021: €-628k
2022: €48k
2023: €-1.56M
2024: €25k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.73M-€22.83M▲ 5.0%€33.31M▲ 45.9%€30.05M▼ 9.8%€29.56M▼ 1.7%
Equity€8.54M-€7.72M▼ 9.6%€5.40M▼ 30.0%€7.47M▲ 38.3%€7.67M▲ 2.7%
Operating result€3.63M-€3.58M▼ 1.2%€4.82M▲ 34.5%€2.63M▼ 45.3%€269k▼ 89.8%
Net result€2.44M-€2.68M▲ 9.8%€3.63M▲ 35.5%€2.07M▼ 43.1%€205k▼ 90.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 90% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.68M
Fixed assets
€7.08M ▼ 6.5%
Current assets
€3.60M ▲ 5.9%
Equity and liabilities €10.68M
Equity
€7.67M ▲ 2.7%
Debt
€3.01M ▼ 14.3%
Debt's share of the balance-sheet total falls from 32.0% to 28.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.07M▼
2024 · €4.08M
Cash flow
€1.01M▼
2024 · €3.52M
Current ratio
1.27▲
2024 · 1.01
Quick ratio
1.21▲
2024 · 0.97
Debt to equity
0.39▼
2024 · 0.47
ROE
2.7%▼
2024 · 27.7%
ROA
1.9%▼
2024 · 18.8%
Interest coverage
122.66▼
2024 · 342.81
Debt ≤ 1 year
€2.84M▼
2024 · €3.38M
Income taxes
€76k▼
2024 · €707k
Staff costs
€2.19M▲
2024 · €2.00M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.98M€10.68M▼
Fixed assets21/28€7.57M€7.08M▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€7.57M€7.08M▼
Land and buildings22€5.43M€5.27M▼
Plant, machinery and equipment23€1.95M€1.75M▼
Furniture and vehicles24€60k€57k▼
Assets under construction and advance payments27€139k-
Financial fixed assets28€570€730▲
Other financial fixed assets284/8€570€730▲
Amounts receivable and cash guarantees285/8€570€730▲
Current assets29/58€3.40M€3.60M▲
Stocks and contracts in progress3€142k€162k▲
Stocks30/36€142k€162k▲
Raw materials and consumables30/31€142k€162k▲
Amounts receivable within one year40/41€3.21M€3.41M▲
Trade receivables40€2.24M€2.76M▲
Other amounts receivable41€971k€650k▼
Deferred charges and accrued income490/1€55k€31k▼
Equity and liabilities
Total equity and liabilities10/49€10.98M€10.68M▼
Equity10/15€7.47M€7.67M▲
Contributions10/11€3.00M€3.00M=
Capital10€3.00M€3.00M=
Issued capital100€3.00M€3.00M=
Reserves13€300k€300k=
Non-distributable reserves130/1€300k€300k=
Legal reserve130€300k€300k=
Profit (loss) carried forward14€4.17M€4.37M▲
Amounts payable17/49€3.51M€3.01M▼
Amounts payable within one year42/48€3.38M€2.84M▼
Trade debts44€3.05M€2.50M▼
Suppliers440/4€3.05M€2.50M▼
Taxes, remuneration and social security45€328k€344k▲
Taxes450/3€6k€13k▲
Remuneration and social security454/9€323k€331k▲
Accrued charges and deferred income492/3€129k€163k▲
Income statement
Code20242025
Operating income70/76A€30.60M€30.11M▼
Turnover70€30.05M€29.56M▼
Other operating income74€548k€552k▲
Operating charges60/66A€27.97M€29.84M▲
Goods for resale, raw materials and consumables60€20.20M€17.55M▼
Purchases600/8€20.17M€17.57M▼
Change in stocks: decrease (increase)609€38k€-20k▼
Services and other goods61€4.13M€4.21M▲
Remuneration, social security and pensions62€2.00M€2.19M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.45M€801k▼
Other operating charges640/8€185k€5.10M▲
Operating profit (loss)9901€2.63M€269k▼
Financial income75/76B€155k€22k▼
Recurring financial income75€155k€22k▼
Income from current assets751€147k€14k▼
Other financial income752/9€8k€8k=
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Debt charges650€12k€9k▼
Other financial charges652/9€243€234▼
Profit (loss) for the period before taxes9903€2.78M€281k▼
Income taxes67/77€707k€76k▼
Taxes670/3€707k€76k▼
Profit (loss) for the period9904€2.07M€205k▼
Profit (loss) for the period to be appropriated9905€2.07M€205k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.17M€4.37M▲
Profit (loss) brought forward from the previous period14P€2.10M€4.17M▲
Social balance
Average headcount (FTE)908744.845.8▲
The notes to these accounts (39 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
22-09
State Gazette act
General meeting · Demerger
Capital decrease · Capital · Tim CARNEWAL
30-04
State Gazette act
General meeting · Demerger
Real estate · Capital decrease · Tim CARNEWAL
31-03
Financial
Weakest financial yearnet €205k ▼90.1%
Net result drops to €205k, the lowest in the series.
24-02
State Gazette act
Demerger · Merger
Capital · Corporate purpose
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Highest result since 2019net €3.95M ▲11.3%
Operating result €5.25M, net result €3.95M, both a record.
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:ROELANDT
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 9,483 EUR awarded · 3,890 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,538 EUR | 1,538 EUR |
| 2023 | 1 | 2,352 EUR | 2,352 EUR |
| 2022 | 1 | 5,593 EUR | 0 EUR |
Schemes
Call groene stroom (stopgezet)
Vlaams opleidingsverlof (VOV)