Skip to content

ROFIO S

Active
Public limited companyfounded 201313 yrs activeArmoedestraat 40, 8800 Roeselare, BelgiumKBO/BCE: BE 0523.897.790
Summary

ROFIO S has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.0m and a net result of -€175,476. Equity is shrinking by ~3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability27▲+12
Solvency34▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.11 in 2023; short-term debt: 19.3% and cash: 0.1% of total assets), and 90.6% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five 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 →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
9.4%
Return on assets
-1.6%
Age of the figures
21 mo
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 13 years 0 20 y
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 d early
2024
34 d early
2023
23 d late
2022
33 d early
2021
33 d early
2020
43 d early
2019
4 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 23 days before 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. Usually files around 28 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 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 11 March 2013, ROFIO S was incorporated.1 Total assets went from EUR 1.4 million in 2018 to EUR 11 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet

Equity
€1.0m▼ 14.8%
2023 · €1.2m
Total assets
€10.7m▲ 79.7%
2023 · €6.0m
Net result
-€175,476▲ 5.0%
2023 · -€184,793
Working capital
-€810,612▲ 9.1%
2023 · -€892,139
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€4,718▼ 103%-€4,195▲ 11.1%-€11,121▼ 165%-€85,778▼ 671%€56,427
Net result-€4,226within the sector's middle half-€5,280within the sector's middle half▼ 25.0%-€35,309below the sector's middle half▼ 569%-€184,793below the sector's middle half▼ 423%-€175,476below the sector's middle half▲ 5.0%
Equity€1.4mabove the sector's middle half▼ 0.3%€1.4mwithin the sector's middle half▼ 0.4%€1.4mwithin the sector's middle half▼ 2.5%€1.2mwithin the sector's middle half▼ 13.5%€1.0mwithin the sector's middle half▼ 14.8%
Total assets€1.4mwithin the sector's middle half▼ 2.7%€1.5mwithin the sector's middle half▲ 7.8%€1.8mwithin the sector's middle half▲ 20.7%€6.0mabove the sector's middle half▲ 225%€10.7mabove the sector's middle half▲ 79.7%
Debt€115,141€465,804▲ 305%€4.8m▲ 927%€9.7m▲ 103%
Working capital-€51,166within the sector's middle half-€382,993below the sector's middle half▼ 649%-€892,139below the sector's middle half▼ 133%-€810,612below the sector's middle half▲ 9.1%
Solvency100.0%above the sector's middle half▲ 2.4pp92.4%above the sector's middle half▼ 7.6pp74.6%above the sector's middle half▼ 17.8pp19.8%within the sector's middle half▼ 54.8pp9.4%within the sector's middle half▼ 10.4pp
Current ratio0.56within the sector's middle half0.18below the sector's middle half▼ 0.380.11below the sector's middle half▼ 0.070.61within the sector's middle half▲ 0.50
Return on assets (ROA)-0.3%within the sector's middle half▼ 0.5pp-0.3%within the sector's middle half=-1.9%below the sector's middle half▼ 1.6pp-3.1%below the sector's middle half▼ 1.2pp-1.6%within the sector's middle half▲ 1.5pp
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2020: -€4,718-€4,718Net result 2020: -€4,226-€4,226Operating result 2021: -€4,195-€4,195Net result 2021: -€5,280-€5,280Operating result 2022: -€11,121-€11,121Net result 2022: -€35,309-€35,309Operating result 2023: -€85,778-€85,778Net result 2023: -€184,793-€184,793Operating result 2024: €56,427€56,427Net result 2024: -€175,476-€175,47620202021202220232024-€200,000-€100,000€0€100,000Operating result 2022: -€11,121-€11,100Net result 2022: -€35,309-€35,300Operating result 2023: -€85,778-€85,800Net result 2023: -€184,793-€185,000Operating result 2024: €56,427€56,400Net result 2024: -€175,476-€175,000202220232024
The operating result returns to profit in 2024: €56,427 after a loss of €85,778 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.7m
Fixed assets €9.5m ▲ 61.5%
Current assets €1.3m ▲ 1,059%
Equity and liabilities €10.7m
Equity €1.0m ▼ 14.8%
Debt €9.7m ▲ 103%
Debt's share of the balance-sheet total rises from 80.2% to 90.6%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€325,149▲
2023 · -€1,224
Cash flow
€93,245▲
2023 · -€100,239
Debt to equity
9.63▲
2023 · 4.04
ROE
-17.4%▼
2023 · -15.6%
Interest coverage
1.18▲
2023 · -0.01
Debt ≤ 1 year
€2.1m▲
2023 · €1.0m
Debt > 1 year
€7.6m▲
2023 · €3.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 108 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 94% are still going.

  • Medium-sized
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
0.9% went bankrupt
5.6% stopped otherwise
94% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 108 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 · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€6.0m€10.7m▲
Fixed assets21/28€5.9m€9.5m▲
Tangible fixed assets22/27€5.9m€9.5m▲
Land and buildings22€1.3m€9.4m▲
Furniture and vehicles24-€44,689
Assets under construction and advance payments27€4.6m-
Current assets29/58€109,137€1.3m▲
Amounts receivable within one year40/41€105,168€1.3m▲
Trade receivables40-€1.2m
Other amounts receivable41€105,168€8,118▼
Cash at bank and in hand54/58€3,969€9,448▲
Deferred charges and accrued income490/1-€4,376
Equity and liabilities
Total equity and liabilities10/49€6.0m€10.7m▲
Equity10/15€1.2m€1.0m▼
Contributions10/11€1.4m€1.4m=
Capital10€1.4m€1.4m=
Issued capital100€1.4m€1.4m=
Profit (loss) carried forward14-€245,123-€420,600▼
Amounts payable17/49€4.8m€9.7m▲
Amounts payable after more than one year17€3.8m€7.6m▲
Financial debts170/4€3.8m€7.6m▲
Other amounts payable178/9-€52,200
Amounts payable within one year42/48€1.0m€2.1m▲
Current portion of amounts payable after more than one year42-€436,647
Trade debts44€25,456€403,070▲
Suppliers440/4€25,456€403,070▲
Other amounts payable47/48€975,820€1.2m▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84,554€268,721▲
Other operating charges640/8€1,139€1,160▲
Gross operating margin9900-€85€326,309▲
Operating profit (loss)9901-€85,778€56,427▲
Financial income75/76B€15,749€43,237▲
Recurring financial income75€15,749€43,237▲
Financial charges65/66B€114,764€275,140▲
Recurring financial charges65€114,764€275,140▲
Profit (loss) for the period before taxes9903-€184,793-€175,476▲
Profit (loss) for the period9904-€184,793-€175,476▲
Profit (loss) for the period to be appropriated9905-€184,793-€175,476▲
Appropriation of the result
Profit (loss) to be appropriated9906-€245,123-€420,600▼
Profit (loss) brought forward from the previous period14P-€60,331-€245,123▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,952€2,995€10,007€84,554€268,721▲ 218%
Other operating charges640/8-€1,036€1,038€1,139€1,160▲ 1.8%
Gross operating margin9900-€1,733-€164-€76-€85€326,309▲ 384,898%
Operating profit (loss)9901-€4,718-€4,195-€11,121-€85,778€56,427▲ 166%
Financial income75/76B---€15,749€43,237▲ 175%
Recurring financial income75€763--€15,749€43,237▲ 175%
Financial charges65/66B-€1,085€24,187€114,764€275,140▲ 140%
Recurring financial charges65€271€1,085€24,187€114,764€275,140▲ 140%
Profit (loss) for the period before taxes9903-€4,226-€5,280-€35,309-€184,793-€175,476▲ 5.0%
Profit (loss) for the period9904-€4,226-€5,280-€35,309-€184,793-€175,476▲ 5.0%
Profit (loss) for the period to be appropriated9905-€4,226-€5,280-€35,309-€184,793-€175,476▲ 5.0%
Line20202021202220232024Change
Assets
Total assets20/58€1.4m€1.5m€1.8m€6.0m€10.7m▲ 79.7%
Fixed assets21/28€1.3m€1.5m€1.8m€5.9m€9.5m▲ 61.5%
Tangible fixed assets22/27€1.3m€1.5m€1.8m€5.9m€9.5m▲ 61.5%
Land and buildings22-€1.3m€1.3m€1.3m€9.4m▲ 643%
Furniture and vehicles24----€44,689-
Assets under construction and advance payments27-€187,426€483,944€4.6m--
Current assets29/58€141,540€63,975€82,811€109,137€1.3m▲ 1,059%
Amounts receivable within one year40/41-€36,982€60,945€105,168€1.3m▲ 1,090%
Trade receivables40----€1.2m-
Other amounts receivable41-€36,982€60,945€105,168€8,118▼ 92.3%
Cash at bank and in hand54/58€141,540€26,993€21,866€3,969€9,448▲ 138%
Deferred charges and accrued income490/1----€4,376-
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.5m€1.8m€6.0m€10.7m▲ 79.7%
Equity10/15€1.4m€1.4m€1.4m€1.2m€1.0m▼ 14.8%
Contributions10/11€1.4m€1.4m€1.4m€1.4m€1.4m=
Capital10-€1.4m€1.4m€1.4m€1.4m=
Issued capital100-€1.4m€1.4m€1.4m€1.4m=
Profit (loss) carried forward14-€19,742-€25,022-€60,331-€245,123-€420,600▼ 71.6%
Amounts payable17/49-€115,141€465,804€4.8m€9.7m▲ 103%
Amounts payable after more than one year17---€3.8m€7.6m▲ 102%
Financial debts170/4---€3.8m€7.6m▲ 101%
Other amounts payable178/9----€52,200-
Amounts payable within one year42/48-€115,141€465,804€1.0m€2.1m▲ 107%
Current portion of amounts payable after more than one year42----€436,647-
Trade debts44-€14,211€178,297€25,456€403,070▲ 1,483%
Suppliers440/4-€14,211€178,297€25,456€403,070▲ 1,483%
Other amounts payable47/48-€100,930€287,506€975,820€1.2m▲ 26.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€4,226-€5,280-€35,309-€184,793-€175,476▲ 5.0%
+ Depreciation and write-downs630€1,952€2,995€10,007€84,554€268,721▲ 218%
Operating cash flow (approximation)-€2,273-€2,285-€25,302-€100,239€93,245▲ 193%
Investment in fixed assets (approximation)--€190,421-€306,525-€4.2m-€3.9m▲ 7.7%
Change in cash--€114,547-€5,127-€17,897€5,479▲ 131%

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
State Gazette act Reappointments: Modder NV (class B director) and Alltope (class A director)
Permanent representatives: Vandaele Mathias, Masschelein Benjamin and Jan Masschelein10 facts ▸
  • General meeting, 01-06-2026
  • Director reappointment, Modder NV (class B director)
  • Director reappointment, Alltope (class A director)
  • Permanent representative, Vandaele Mathias (permanent representative)
  • Permanent representative, Masschelein Benjamin (permanent representative)
  • Permanent representative, Jan Masschelein (permanent representative)
  • Board meeting, 01-06-2026
  • Director reappointment, Modder NV (gedelegeerd bestuurder)
  • Director reappointment, Alltope (gedelegeerd bestuurder)
  • Permanent representative, Jan Masschelein (permanent representative)
25-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
31-12
Financial Weakest financial yearnet -€184,793
Net result drops to -€184,793, the lowest in the series; recovery starts the following year.
28-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €2,195
Net result €2,195 after one loss-making year.
31-12
Financial Liquidity times 15current ratio 5.16
Current ratio from 0.34 to 5.16.
29-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts

Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 directors, 2 in day-to-day management

Board 2

ALLTOPE
Class A director · Private limited company
Current
MODDER
Class B director · Private limited company · perm. rep.: Vandaele Mathias
Current

Day-to-day management 2

ALLTOPE
Gedelegeerd bestuurder · Private limited company
Current
MODDER
Gedelegeerd bestuurder · Private limited company · perm. rep.: Vandaele Mathias
Current

Permanent representatives 1

Vandaele Mathias
Permanent representative · for MODDER
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
266 m²
Volume, LiDAR
1,038 m³
2 parcels, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
ROFIO S
Ardooisesteenweg 321, 8800 RoeselareReal estate development
since 20132.218.307.351
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36017A1501/00G000 Flanders 8,622 m² - -
36015A1166/00D000 Flanders 3,560 m² 1 · 265 m² 5.6 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2026, 2 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
ALLTOPE
  • Class A director, already before 15-07-2026 to date
  • Gedelegeerd bestuurder, already before 15-07-2026 to date
MODDER
  • Class B director, already before 15-07-2026 to date
  • Gedelegeerd bestuurder, already before 15-07-2026 to date
See the board, name and seat on a given date →

Articles of association

Who signs
“De besloten vennootschap Alltope (bestuurder categorie A), voornoemd, met als vaste vertegenwoordiger de heer Masschelein Benjamin, eveneens voornoemd. Hierdoor is er een eind gekomen aan het mandaat van vaste vertegenwoordiger van de heer Jan Masschelein, voornoemd, voor de uitoefening van het…”
Full text

De besloten vennootschap Alltope (bestuurder categorie A), voornoemd, met als vaste vertegenwoordiger de heer Masschelein Benjamin, eveneens voornoemd. Hierdoor is er een eind gekomen aan het mandaat van vaste vertegenwoordiger van de heer Jan Masschelein, voornoemd, voor de uitoefening van het mandaat van gedelegeerd-bestuurder van de BV Alltope in de NV Rofio S. Vertegenwoordigingsbevoegdheid (artikel 18) "Onverminderd de bevoegdheid van de raad van bestuur volgens de algemene wettelijke regel, krachtens artikel 17 van de statuten en de gebeurlijke vertegenwoor-digingsmacht toegekend aan gedelegeerd bestuurders voor daden van dagelijks be-stuur krachtens artikel 19 van de statuten, is de vennootschap in de handelingen en in rechte vertegenwoordigd en zijn al de akten die de vennootschap verbinden geldig ondertekend door twee bestuurders, samen optredend. (.....)" voor echt verklaard Modder NV vast vertegenwoordigd door Vandaele Mathias Gedelegeerd-bestuurder

Other statement
One provision in the deed

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of ROFIO S 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

3 connected companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
DAGMAAT
Shared corporate director
→
LANDMAAT
Shared corporate director
→
Valleipark
Shared corporate director
→

Subsidies and aid

Flemish government

2024 to 2025 · 3 entries · 37,491 EUR awarded · 22,494 EUR paid
Year Entries awardedpaid
2025 2 0 EUR22,494 EUR
2024 1 37,491 EUR0 EUR
Schemes
3 entries · 37,491 EUR · 22,494 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 9,141 companies in this sector we hold annual accounts for 6,773. 4,832 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded11-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
68122Development of non-residential building projects
63920Other information service activities
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0523897790
Registered 27-03-2026

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

Register as of 1 October 2026 · Peppol Directory

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