ROGABA
ActiveSummary
ROGABA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285,849 and a net result of €39,509. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 2075 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+3
Solvency70=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 0.84 in 2024; short-term debt: 27.4% and cash: 2.3% of total assets), and 54.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.3%
Return on assets
6.3%
Age of the figures
12 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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
1 d early
2023
33 d early
2022
33 d early
2021
39 d early
2020
37 d early
2019
41 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 22 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 March (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39,509▲ 77.6%
2024 · €22,241
Working capital
€31,444
2024 · -€17,468
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Operating result€42,119▲ 82.7%€65,734▲ 56.1%€73,265▲ 11.5%€46,440▼ 36.6%€64,633▲ 39.2%
Net result€39,445within the sector's middle half€48,758within the sector's middle half▲ 23.6%€49,285within the sector's middle half▲ 1.1%€22,241within the sector's middle half▼ 54.9%€39,509within the sector's middle half▲ 77.6%
Equity€126,889within the sector's middle half▲ 45.1%€175,647within the sector's middle half▲ 38.4%€224,932within the sector's middle half▲ 28.1%€247,173within the sector's middle half▲ 9.9%€285,849within the sector's middle half▲ 15.6%
Total assets€511,641within the sector's middle half▲ 19.5%€490,597within the sector's middle half▼ 4.1%€554,946within the sector's middle half▲ 13.1%€548,392within the sector's middle half▼ 1.2%€631,120within the sector's middle half▲ 15.1%
Debt€384,753▲ 13.0%€314,950▼ 18.1%€330,014▲ 4.8%€301,219▼ 8.7%€345,271▲ 14.6%
Working capital-€108,534below the sector's middle half▲ 17.3%-€30,801below the sector's middle half▲ 71.6%-€21,031below the sector's middle half▲ 31.7%-€17,468below the sector's middle half▲ 16.9%€31,444below the sector's middle half
Solvency24.8%within the sector's middle half▲ 4.4pp35.8%within the sector's middle half▲ 11.0pp40.5%within the sector's middle half▲ 4.7pp45.1%within the sector's middle half▲ 4.5pp45.3%within the sector's middle half▲ 0.2pp
Current ratio0.50below the sector's middle half▲ 0.330.60below the sector's middle half▲ 0.100.82below the sector's middle half▲ 0.220.84below the sector's middle half▲ 0.021.18within the sector's middle half▲ 0.34
Return on assets (ROA)7.7%within the sector's middle half▲ 15.0pp9.9%within the sector's middle half▲ 2.2pp8.9%within the sector's middle half▼ 1.1pp4.1%within the sector's middle half▼ 4.8pp6.3%within the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €631,120
Fixed assets
€426,612 ▼ 7.0%
Current assets
€204,508 ▲ 128%
Equity and liabilities €631,120
Equity
€285,849 ▲ 15.6%
Debt
€345,271 ▲ 14.6%
Debt's share of the balance-sheet total falls from 54.9% to 54.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82,313▲
2024 · €62,999
Cash flow
€57,189▲
2024 · €38,800
Debt to equity
1.21▼
2024 · 1.22
ROE
13.8%▲
2024 · 9.0%
Interest coverage
9.40▲
2024 · 7.99
Debt ≤ 1 year
€173,064▲
2024 · €107,348
Debt > 1 year
€172,207▼
2024 · €193,871
Income taxes
€16,884▲
2024 · €16,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 17,810 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €19,808 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,553 | €10,159 | €14,444 | €16,559 | €17,680 | ▲ 6.8% |
| Other operating charges640/8 | - | €5,935 | €5,643 | €3,435 | €3,760 | ▲ 9.5% |
| Gross operating margin9900 | €53,070 | €81,828 | €93,352 | €66,434 | €86,072 | ▲ 29.6% |
| Operating profit (loss)9901 | €42,119 | €65,734 | €73,265 | €46,440 | €64,633 | ▲ 39.2% |
| Financial income75/76B | - | €352 | €233 | €238 | €518 | ▲ 118% |
| Recurring financial income75 | €470 | €352 | €233 | €238 | €518 | ▲ 118% |
| Financial charges65/66B | - | €8,370 | €9,386 | €7,887 | €8,758 | ▲ 11.0% |
| Recurring financial charges65 | €7,635 | €8,370 | €9,386 | €7,887 | €8,758 | ▲ 11.0% |
| Profit (loss) for the period before taxes9903 | €34,955 | €57,716 | €64,113 | €38,791 | €56,393 | ▲ 45.4% |
| Income taxes67/77 | -€4,491 | €8,958 | €14,828 | €16,549 | €16,884 | ▲ 2.0% |
| Profit (loss) for the period9904 | €39,445 | €48,758 | €49,285 | €22,241 | €39,509 | ▲ 77.6% |
| Profit (loss) for the period to be appropriated9905 | €39,445 | €48,758 | €49,285 | €22,241 | €39,509 | ▲ 77.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €511,641 | €490,597 | €554,946 | €548,392 | €631,120 | ▲ 15.1% |
| Fixed assets21/28 | €403,521 | €444,905 | €460,895 | €458,512 | €426,612 | ▼ 7.0% |
| Tangible fixed assets22/27 | €171,611 | €211,275 | €227,265 | €224,882 | €193,702 | ▼ 13.9% |
| Land and buildings22 | - | €149,972 | €144,523 | €139,074 | €120,126 | ▼ 13.6% |
| Plant, machinery and equipment23 | - | €58,522 | €80,763 | €80,143 | €69,739 | ▼ 13.0% |
| Furniture and vehicles24 | - | €2,781 | €1,979 | €5,665 | €3,838 | ▼ 32.3% |
| Financial fixed assets28 | €231,910 | €233,630 | €233,630 | €233,630 | €232,910 | ▼ 0.3% |
| Current assets29/58 | €108,121 | €45,691 | €94,052 | €89,880 | €204,508 | ▲ 128% |
| Amounts receivable after more than one year29 | - | - | - | - | €22,000 | - |
| Other amounts receivable291 | - | - | - | - | €22,000 | - |
| Amounts receivable within one year40/41 | €77,213 | €28,740 | €78,480 | €74,726 | €69,250 | ▼ 7.3% |
| Trade receivables40 | - | €10,520 | €62,924 | €59,358 | €42,094 | ▼ 29.1% |
| Other amounts receivable41 | - | €18,220 | €15,556 | €15,368 | €27,156 | ▲ 76.7% |
| Current investments50/53 | - | - | - | - | €99,000 | - |
| Cash at bank and in hand54/58 | €30,908 | €16,951 | €15,571 | €15,154 | €14,258 | ▼ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €511,641 | €490,597 | €554,946 | €548,392 | €631,120 | ▲ 15.1% |
| Equity10/15 | €126,889 | €175,647 | €224,932 | €247,173 | €285,849 | ▲ 15.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | - | - |
| Share premium1100/10 | - | €6,200 | €6,200 | €6,200 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €120,860 | ▲ 6,398% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €99,000 | ▲ 5,223% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Own shares acquired1312 | - | - | - | - | €99,000 | - |
| Distributable reserves133 | - | - | - | - | €21,860 | - |
| Profit (loss) carried forward14 | €118,829 | €167,587 | €216,872 | €239,113 | €158,789 | ▼ 33.6% |
| Amounts payable17/49 | €384,753 | €314,950 | €330,014 | €301,219 | €345,271 | ▲ 14.6% |
| Amounts payable after more than one year17 | €168,098 | €238,458 | €214,932 | €193,871 | €172,207 | ▼ 11.2% |
| Financial debts170/4 | - | €238,458 | €214,932 | €193,871 | €172,207 | ▼ 11.2% |
| Amounts payable within one year42/48 | €216,655 | €76,492 | €115,083 | €107,348 | €173,064 | ▲ 61.2% |
| Current portion of amounts payable after more than one year42 | - | €26,995 | €26,182 | €23,622 | €24,090 | ▲ 2.0% |
| Financial debts43 | - | - | - | - | €12,000 | - |
| Credit institutions430/8 | - | - | - | - | €12,000 | - |
| Trade debts44 | €82,975 | €2,269 | €28,562 | €67,636 | €49,053 | ▼ 27.5% |
| Suppliers440/4 | - | €2,269 | €28,562 | €67,636 | €49,053 | ▼ 27.5% |
| Taxes, remuneration and social security45 | - | €546 | €546 | €546 | €6,609 | ▲ 1,111% |
| Taxes450/3 | - | €546 | €546 | €546 | €6,609 | ▲ 1,111% |
| Other amounts payable47/48 | - | €46,683 | €59,794 | €15,545 | €81,313 | ▲ 423% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,445 | €48,758 | €49,285 | €22,241 | €39,509 | ▲ 77.6% |
| + Depreciation and write-downs630 | €9,553 | €10,159 | €14,444 | €16,559 | €17,680 | ▲ 6.8% |
| Operating cash flow (approximation) | €48,998 | €58,917 | €63,729 | €38,800 | €57,189 | ▲ 47.4% |
| Investment in fixed assets (approximation) | - | -€51,544 | -€30,433 | -€14,176 | €14,220 | ▲ 200% |
| Change in cash | - | -€13,957 | -€1,380 | -€417 | -€896 | ▼ 115% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €200,000Eq €224,932 ▲28.1%
3 profitable years in a row build equity to €224,932.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Equity above €150,000Eq €175,647 ▲38.4%
2 profitable years in a row build equity to €175,647.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Back to profitnet €39,445
Net result €39,445 after one loss-making year.
30-09
Financial
Equity above €100,000Eq €126,889 ▲45.1%
Equity rises from €87,443 to €126,889.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet -€31,378
Net result drops to -€31,378, the lowest in the series; recovery starts the following year.
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
30-09
Financial
Highest result since 2018net €51,937 ▲120%
Net result €51,937, the highest in the series.
30-09
Financial
Equity above €100,000Eq €118,822 ▲77.7%
2 profitable years in a row build equity to €118,822.
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-03
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 2 acts read
About the unread acts
We know of 2 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
2 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, Tournai · 1 establishment unit since 2011
Ground area
215 m²
Building footprint
41 m²
Volume, LiDAR
252 m³
Parcel 57078D0565/00S000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ROGABA SPRL
since 20112.209.198.655
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57078D0565/00S000 | Wallonia | 215 m² | 1 · 41 m² | 6.7 m · 2 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
4 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 4
- BRANCATO-ROTSAERT SCIFRSourceown accounts 30-09-202550%
-
33.33%
- ROCAGABA SCIFRSourceown accounts 30-09-202558 shares
- ROTSAERT BRANCATO SASFRSourceown accounts 30-09-202560 shares
According to the annual accounts to 30-09-2025 of ROGABA 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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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,589 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-11-2011
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
73200Market research and public opinion polling
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841290106
Also
9925:BE0841290106
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.