Summary
ROFRI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €268,150 and a net result of €40,951. Equity is shrinking by about 3.3% per year across the filed financial years. Its solvency ranks better than 44% of 6,655 sector peers (NACE 64, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€268,150▼ 12.0%
2024 · €304,570
Net result
€40,951▼ 20.8%
2024 · €51,689
Total assets
€607,229▼ 4.1%
2024 · €633,059
Solvency
44.2%▼ 4.0pp
2024 · 48.1%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 16% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€69,869
2025
Net result€40,951
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€607,229
2025
Equity€268,150
2025
Debt€336,992
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€60,050
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency44.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.56
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.1
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€84,433--€9,878€41,859€71,634▲ 71.1%€52,935▼ 26.1%€83,246▲ 57.3%€69,869▼ 16.1%
Net result€65,111--€25,280below the sector's middle half€13,154within the sector's middle half€35,969within the sector's middle half▲ 173%€23,179within the sector's middle half▼ 35.6%€51,689within the sector's middle half▲ 123%€40,951within the sector's middle half▼ 20.8%
Equity€343,036-€316,956within the sector's middle half▼ 7.6%€293,410within the sector's middle half▼ 7.4%€272,864within the sector's middle half▼ 7.0%€278,074within the sector's middle half▲ 1.9%€304,570within the sector's middle half▲ 9.5%€268,150within the sector's middle half▼ 12.0%
Total assets€965,010-€950,796within the sector's middle half▼ 1.5%€847,713within the sector's middle half▼ 10.8%€764,332within the sector's middle half▼ 9.8%€683,953within the sector's middle half▼ 10.5%€633,059below the sector's middle half▼ 7.4%€607,229within the sector's middle half▼ 4.1%
Debt€606,737-€621,650▲ 2.5%€544,551▼ 12.4%€483,666▼ 11.2%€399,982▼ 17.3%€324,497▼ 18.9%€336,992▲ 3.9%
Working capital-€190,180--€107,484within the sector's middle half▲ 43.5%-€133,640within the sector's middle half▼ 24.3%-€138,184within the sector's middle half▼ 3.4%-€88,394within the sector's middle half▲ 36.0%-€44,237within the sector's middle half▲ 50.0%-€60,050within the sector's middle half▼ 35.7%
Solvency35.5%-33.3%within the sector's middle half▼ 2.2pp34.6%within the sector's middle half▲ 1.3pp35.7%within the sector's middle half▲ 1.1pp40.7%within the sector's middle half▲ 5.0pp48.1%within the sector's middle half▲ 7.5pp44.2%within the sector's middle half▼ 4.0pp
Current ratio0.28-0.44within the sector's middle half▲ 0.170.31below the sector's middle half▼ 0.130.20below the sector's middle half▼ 0.110.23below the sector's middle half▲ 0.030.47within the sector's middle half▲ 0.240.56within the sector's middle half▲ 0.09
Return on assets (ROA)6.7%--2.7%below the sector's middle half▼ 9.4pp1.6%within the sector's middle half▲ 4.2pp4.7%within the sector's middle half▲ 3.2pp3.4%within the sector's middle half▼ 1.3pp8.2%within the sector's middle half▲ 4.8pp6.7%within the sector's middle half▼ 1.4pp
Staff (FTE)0.4-0.1below the sector's middle half▼ 75.0%0.1below the sector's middle half=0.1below the sector's middle half=0.1within the sector's middle half=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €607,229
Fixed assets
€530,561 ▼ 10.8%
Current assets
€76,668 ▲ 98.7%
Equity and liabilities €607,229
Equity
€268,150 ▼ 12.0%
Provisions
€2,088 ▼ 47.7%
Debt
€336,992 ▲ 3.9%
Debt's share of the balance-sheet total rises from 51.3% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
15.3%▼
2024 · 17.0%
Debt ≤ 1 year
€136,718▲
2024 · €82,821
Debt > 1 year
€200,274▼
2024 · €238,712
Income taxes
€18,444▼
2024 · €22,723
Staff costs
€37▼
2024 · €69
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,560 | €724 | €69 | €37 | ▼ 45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,785 | €91,543 | €83,054 | €60,422 | €73,101 | €70,508 | €70,016 | ▼ 0.7% |
| Other operating charges640/8 | - | - | - | €5,810 | €6,577 | €6,057 | €2,899 | ▼ 52.1% |
| Gross operating margin9900 | €207,093 | €82,092 | €132,886 | €139,426 | €133,337 | €159,881 | €142,822 | ▼ 10.7% |
| Operating profit (loss)9901 | €84,433 | -€9,878 | €41,859 | €71,634 | €52,935 | €83,246 | €69,869 | ▼ 16.1% |
| Financial income75/76B | - | - | - | €10 | €1 | - | €7 | - |
| Recurring financial income75 | €21,257 | €50 | - | €10 | €1 | - | €7 | - |
| Financial charges65/66B | - | - | - | €18,908 | €15,783 | €10,739 | €12,385 | ▲ 15.3% |
| Recurring financial charges65 | €26,287 | €18,630 | €17,840 | €18,908 | €15,783 | €10,739 | €12,385 | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | €79,403 | -€28,458 | €24,020 | €52,737 | €37,152 | €72,507 | €57,491 | ▼ 20.7% |
| Transfer from deferred taxes780 | - | - | - | €1,950 | €1,905 | €1,905 | €1,905 | = |
| Income taxes67/77 | €18,101 | -€131 | €13,304 | €18,718 | €15,878 | €22,723 | €18,444 | ▼ 18.8% |
| Profit (loss) for the period9904 | €65,111 | -€25,280 | €13,154 | €35,969 | €23,179 | €51,689 | €40,951 | ▼ 20.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €5,851 | €5,714 | €5,714 | €5,714 | = |
| Profit (loss) for the period to be appropriated9905 | €76,539 | -€16,137 | €42,218 | €41,820 | €28,893 | €57,403 | €46,666 | ▼ 18.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €965,010 | €950,796 | €847,713 | €764,332 | €683,953 | €633,059 | €607,229 | ▼ 4.1% |
| Fixed assets21/28 | €892,527 | €864,992 | €787,870 | €729,567 | €658,061 | €594,475 | €530,561 | ▼ 10.8% |
| Tangible fixed assets22/27 | €892,527 | €864,992 | €787,870 | €729,567 | €658,061 | €594,475 | €530,561 | ▼ 10.8% |
| Land and buildings22 | - | - | - | €704,197 | €636,758 | €571,013 | €506,614 | ▼ 11.3% |
| Plant, machinery and equipment23 | - | - | - | €7,174 | €5,056 | €5,905 | €9,778 | ▲ 65.6% |
| Furniture and vehicles24 | - | - | - | €18,196 | €16,247 | €17,557 | €14,170 | ▼ 19.3% |
| Current assets29/58 | €72,483 | €85,804 | €59,843 | €34,764 | €25,892 | €38,584 | €76,668 | ▲ 98.7% |
| Amounts receivable within one year40/41 | €59,000 | €69,719 | €40,485 | €22,750 | €8,500 | €29,020 | €60,595 | ▲ 109% |
| Trade receivables40 | - | - | - | €5,680 | €2,632 | €2,917 | €56 | ▼ 98.1% |
| Other amounts receivable41 | - | - | - | €17,070 | €5,869 | €26,103 | €60,539 | ▲ 132% |
| Cash at bank and in hand54/58 | €8,918 | €11,896 | €13,519 | €8,922 | €13,498 | €5,481 | €10,702 | ▲ 95.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,092 | €3,893 | €4,084 | €5,371 | ▲ 31.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €965,010 | €950,796 | €847,713 | €764,332 | €683,953 | €633,059 | €607,229 | ▼ 4.1% |
| Equity10/15 | €343,036 | €316,956 | €293,410 | €272,864 | €278,074 | €304,570 | €268,150 | ▼ 12.0% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €324,793 | €304,651 | €274,810 | €254,264 | €259,474 | €285,970 | €249,550 | ▼ 12.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €60,679 | €54,964 | €49,250 | €43,536 | ▼ 11.6% |
| Distributable reserves133 | - | - | - | €191,725 | €202,650 | €236,720 | €206,014 | ▼ 13.0% |
| Profit (loss) carried forward14 | -€357 | -€6,295 | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €15,237 | €12,190 | €9,752 | €7,802 | €5,897 | €3,992 | €2,088 | ▼ 47.7% |
| Deferred taxes168 | - | - | - | €7,802 | €5,897 | €3,992 | €2,088 | ▼ 47.7% |
| Amounts payable17/49 | €606,737 | €621,650 | €544,551 | €483,666 | €399,982 | €324,497 | €336,992 | ▲ 3.9% |
| Amounts payable after more than one year17 | €342,383 | €426,787 | €349,383 | €309,010 | €282,723 | €238,712 | €200,274 | ▼ 16.1% |
| Financial debts170/4 | - | - | - | €309,010 | €282,723 | €238,712 | €200,274 | ▼ 16.1% |
| Amounts payable within one year42/48 | €262,664 | €193,288 | €193,484 | €172,949 | €114,286 | €82,821 | €136,718 | ▲ 65.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €75,544 | €39,896 | €59,917 | €50,377 | ▼ 15.9% |
| Trade debts44 | €37,550 | €13,610 | €15,871 | €2,815 | €945 | €4,104 | €4,666 | ▲ 13.7% |
| Suppliers440/4 | - | - | - | €2,815 | €945 | €4,104 | €4,666 | ▲ 13.7% |
| Taxes, remuneration and social security45 | - | - | - | €31,835 | €36,685 | €11,587 | €5,228 | ▼ 54.9% |
| Taxes450/3 | - | - | - | €28,535 | €36,685 | €11,587 | €5,228 | ▼ 54.9% |
| Remuneration and social security454/9 | - | - | - | €3,301 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €62,754 | €36,759 | €7,213 | €76,447 | ▲ 960% |
| Accrued charges and deferred income492/3 | - | - | - | €1,708 | €2,973 | €2,963 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,111 | -€25,280 | €13,154 | €35,969 | €23,179 | €51,689 | €40,951 | ▼ 20.8% |
| + Depreciation and write-downs630 | €93,785 | €91,543 | €83,054 | €60,422 | €73,101 | €70,508 | €70,016 | ▼ 0.7% |
| Operating cash flow (approximation) | €158,896 | €66,263 | €96,208 | €96,391 | €96,279 | €122,197 | €110,968 | ▼ 9.2% |
| Investment in fixed assets (approximation) | - | -€64,008 | -€5,932 | -€2,120 | -€1,594 | -€6,922 | -€6,102 | ▲ 11.8% |
| Change in cash | - | €2,978 | €1,623 | -€4,597 | €4,576 | -€8,018 | €5,222 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 21-03-2026 | 2026-00058523 |
| 30-09-2024 | abbreviated format | 29-04-2025 | 2025-00079006 |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00075325 |
| 30-09-2022 | abbreviated format | 31-03-2023 | 2023-00050450 |
| 30-09-2021 | abbreviated format | 24-03-2022 | 2022-08500173 |
| 30-09-2020 | abbreviated format | 12-03-2021 | 2021-07500004 |
| 30-09-2019 | abbreviated format | 02-04-2020 | 2020-08400554 |
| 30-09-2018 | abbreviated format | 26-04-2019 | 2019-11100107 |
| 30-09-2017 | abbreviated format | 04-04-2018 | 2018-09200252 |
| 30-09-2016 | abbreviated format | 03-04-2017 | 2017-08700316 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,874 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.