RoGToBe
ActiveSummary
RoGToBe has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€46,747) and a net result of €8,500. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 12% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+62
Solvency0=
Growth75▲+16
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.3 against 4.3 in 2024; short-term debt: 18.9% and cash: 7.1% of total assets), but equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
-49.2%
Return on assets
9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 11508 sector peers (2025).
NBB · sector comparisonPosition among 11508 sector peers
Solvency
better than 12%
← weakest
strongest →
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
69 d early
2023
69 d early
2022
49 d early
2021
41 d early
2020
30 d early
2019
23 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 47 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 10 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€68,007▲ 23.1%
2019 · €55,241
EBIT margin
-6.2%▼ 22.1pp
2019 · 15.9%
Net result
€8,500
2024 · -€878
Working capital
€76,988▲ 12.5%
2024 · €68,443
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover
Operating result€2,444€9,889▲ 305%€13,734▲ 38.9%-€783€8,668
Net result€2,541within the sector's middle half€9,844within the sector's middle half▲ 287%€13,609within the sector's middle half▲ 38.2%-€878within the sector's middle half€8,500within the sector's middle half
EBIT margin
Equity-€77,822below the sector's middle half▲ 3.2%-€67,978below the sector's middle half▲ 12.6%-€54,370below the sector's middle half▲ 20.0%-€55,247below the sector's middle half▼ 1.6%-€46,747below the sector's middle half▲ 15.4%
Total assets€51,844below the sector's middle half▲ 20.1%€59,970below the sector's middle half▲ 15.7%€78,062within the sector's middle half▲ 30.2%€89,275within the sector's middle half▲ 14.4%€94,923within the sector's middle half▲ 6.3%
Debt€129,667▲ 5.0%€127,948▼ 1.3%€132,432▲ 3.5%€144,522▲ 9.1%€141,670▼ 2.0%
Working capital€45,430within the sector's middle half€55,346within the sector's middle half▲ 21.8%€69,275within the sector's middle half▲ 25.2%€68,443within the sector's middle half▼ 1.2%€76,988within the sector's middle half▲ 12.5%
Solvency-150.1%below the sector's middle half▲ 36.1pp-113.4%below the sector's middle half▲ 36.8pp-69.6%below the sector's middle half▲ 43.7pp-61.9%below the sector's middle half▲ 7.8pp-49.2%below the sector's middle half▲ 12.6pp
Current ratio8.41above the sector's middle half▲ 8.0713.55above the sector's middle half▲ 5.149.03above the sector's middle half▼ 4.524.30above the sector's middle half▼ 4.735.30above the sector's middle half▲ 1.00
Return on assets (ROA)4.9%within the sector's middle half▲ 14.8pp16.4%above the sector's middle half▲ 11.5pp17.4%above the sector's middle half▲ 1.0pp-1.0%within the sector's middle half▼ 18.4pp9.0%within the sector's middle half▲ 9.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8,668 after a loss of €783 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94,923
Fixed assets
€18 ▼ 80.0%
Current assets
€94,905 ▲ 6.4%
Key figures and ratios
EBITDA
€8,739▲
2024 · -€712
Cash flow
€8,571▲
2024 · -€806
Quick ratio
0.76▲
2024 · 0.64
Debt to equity
-3.03▼
2024 · -2.62
Interest coverage
51.45▲
2024 · -4.27
Debt ≤ 1 year
€17,917▼
2024 · €20,744
Debt > 1 year
€123,753=
2024 · €123,779
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 3,795 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71 | €71 | €53 | €71 | €71 | = |
| Other operating charges640/8 | €550 | €275 | €522 | €260 | €260 | = |
| Gross operating margin9900 | €3,066 | €10,235 | €14,309 | -€452 | €8,999 | ▲ 2,090% |
| Operating profit (loss)9901 | €2,444 | €9,889 | €13,734 | -€783 | €8,668 | ▲ 1,206% |
| Financial income75/76B | €157 | €12 | €92 | €73 | €2 | ▼ 96.9% |
| Recurring financial income75 | €157 | €12 | €92 | €73 | €2 | ▼ 96.9% |
| Financial charges65/66B | €60 | €56 | €217 | €167 | €170 | ▲ 1.9% |
| Recurring financial charges65 | €60 | €56 | €217 | €167 | €170 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €2,541 | €9,844 | €13,609 | -€878 | €8,500 | ▲ 1,069% |
| Profit (loss) for the period9904 | €2,541 | €9,844 | €13,609 | -€878 | €8,500 | ▲ 1,069% |
| Profit (loss) for the period to be appropriated9905 | €2,541 | €9,844 | €13,609 | -€878 | €8,500 | ▲ 1,069% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,844 | €59,970 | €78,062 | €89,275 | €94,923 | ▲ 6.3% |
| Fixed assets21/28 | €285 | €214 | €160 | €89 | €18 | ▼ 80.0% |
| Tangible fixed assets22/27 | €285 | €214 | €160 | €89 | €18 | ▼ 80.0% |
| Land and buildings22 | €285 | €214 | €160 | €89 | €18 | ▼ 80.0% |
| Current assets29/58 | €51,559 | €59,756 | €77,902 | €89,186 | €94,905 | ▲ 6.4% |
| Stocks and contracts in progress3 | €48,509 | €56,573 | €67,560 | €75,811 | €81,246 | ▲ 7.2% |
| Stocks30/36 | €48,509 | €56,573 | €67,560 | €75,811 | €81,246 | ▲ 7.2% |
| Amounts receivable within one year40/41 | €1,892 | €1,251 | €7,474 | €8,329 | €6,920 | ▼ 16.9% |
| Trade receivables40 | €1,892 | €1,070 | €7,410 | €8,329 | €6,920 | ▼ 16.9% |
| Other amounts receivable41 | - | €181 | €64 | - | - | - |
| Cash at bank and in hand54/58 | €1,158 | €1,931 | €2,869 | €5,046 | €6,739 | ▲ 33.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,844 | €59,970 | €78,062 | €89,275 | €94,923 | ▲ 6.3% |
| Equity10/15 | -€77,822 | -€67,978 | -€54,370 | -€55,247 | -€46,747 | ▲ 15.4% |
| Contributions10/11 | €106,250 | €106,250 | €106,250 | €106,250 | €106,250 | = |
| Capital10 | €106,250 | €106,250 | €106,250 | €106,250 | €106,250 | = |
| Issued capital100 | €106,250 | €106,250 | €106,250 | €106,250 | €106,250 | = |
| Reserves13 | €11,308 | €11,308 | €11,308 | €11,308 | €11,308 | = |
| Non-distributable reserves130/1 | €11,308 | €11,308 | €11,308 | €11,308 | €11,308 | = |
| Legal reserve130 | €10,625 | €10,625 | €10,625 | €10,625 | €10,625 | = |
| Reserves not available under the articles1311 | €683 | €683 | €683 | €683 | €683 | = |
| Profit (loss) carried forward14 | -€195,380 | -€185,536 | -€171,927 | -€172,805 | -€164,305 | ▲ 4.9% |
| Amounts payable17/49 | €129,667 | €127,948 | €132,432 | €144,522 | €141,670 | ▼ 2.0% |
| Amounts payable after more than one year17 | €123,538 | €123,538 | €123,805 | €123,779 | €123,753 | = |
| Other amounts payable178/9 | €123,538 | €123,538 | €123,805 | €123,779 | €123,753 | = |
| Amounts payable within one year42/48 | €6,129 | €4,410 | €8,627 | €20,744 | €17,917 | ▼ 13.6% |
| Trade debts44 | €6,106 | €4,410 | €8,627 | €15,766 | €12,251 | ▼ 22.3% |
| Suppliers440/4 | €6,106 | €4,410 | €8,627 | €15,766 | €12,251 | ▼ 22.3% |
| Taxes, remuneration and social security45 | €23 | - | - | €4,978 | €5,666 | ▲ 13.8% |
| Taxes450/3 | €23 | - | - | €4,978 | €5,666 | ▲ 13.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,541 | €9,844 | €13,609 | -€878 | €8,500 | ▲ 1,069% |
| + Depreciation and write-downs630 | €71 | €71 | €53 | €71 | €71 | = |
| Operating cash flow (approximation) | €2,613 | €9,915 | €13,662 | -€806 | €8,571 | ▲ 1,163% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €774 | €937 | €2,178 | €1,692 | ▼ 22.3% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €8,500
Net result €8,500 after one loss-making year.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €13,609 ▲38.2%
Operating result €13,734, net result €13,609, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,541
Net result €2,541 after one loss-making year.
31-12
Financial
Liquidity times 24current ratio 8.41
Current ratio from 0.35 to 8.41; short-term debt falls from €123,528 to €6,129.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€4,289
Net result drops to -€4,289, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Fleurus · 1 establishment unit since 1983
Ground area
135 m²
Building footprint
109 m²
Volume, LiDAR
761 m³
Parcel 52021B0034/00S003, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Guinguette(FL) 8, 6220 Fleurus
since 19832.021.981.430
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52021B0034/00S003 | Wallonia | 135 m² | 1 · 109 m² | 8.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFleurus2.021.981.430
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 404 companies in sector 46370 we hold annual accounts for 210. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-03-1983
Fiscal year end31-12
Abbreviation FR
TCB
Activities, NACEBEL 2025
46370Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423779637
Also
9925:BE0423779637
Registered
24-11-2025
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.