ROJ
ActiveSummary
ROJ has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309,847 and a net result of €28,962. Equity is growing by about 8.8% per year across the filed financial years. Its solvency ranks better than 40% of 231 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Financials · financial year 2025, full format
In the rankings
#2 employer in East Flanders, Film, video and music sector
Turnover
≈ €1.8m
Estimated: probably between €1.1m and €3.1m
EBIT margin
Not included in this filing
Net result
€28,962▼ 25.6%
2024 · €38,927
Working capital
€466,581▼ 46.9%
2024 · €879,079
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is over 53 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.4m
2025
Net result€0.03m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.4m
2025
Equity€0.3m
2025
Debt€1.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
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)2.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency22.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.49
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)12.5
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities: 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
Line20182019202020212022202320242025
Operating result-€0.9m--€0.03m▲ 96.8%€0.2m-€0.1m€0.05m€0.02m▼ 58.1%€0.008m▼ 60.5%€0.4m▲ 53×
Net result-€0.03m--€0.03m▲ 0.4%€0.1mabove the sector's middle half-€0.1mbelow the sector's middle half€0.05mabove the sector's middle half€0.02mwithin the sector's middle half▼ 55.9%€0.04mwithin the sector's middle half▲ 90.1%€0.03mwithin the sector's middle half▼ 25.6%
Equity€0.2m-€0.2m▼ 14.6%€0.3mabove the sector's middle half▲ 74.4%€0.2mabove the sector's middle half▼ 43.0%€0.2mabove the sector's middle half▲ 26.5%€0.2mabove the sector's middle half▲ 9.2%€0.3mwithin the sector's middle half▲ 16.1%€0.3mwithin the sector's middle half▲ 10.3%
Total assets€2.0m-€2.4m▲ 20.8%€1.6mabove the sector's middle half▼ 34.0%€1.6mabove the sector's middle half▼ 0.4%€1.5mabove the sector's middle half▼ 5.3%€1.3mabove the sector's middle half▼ 9.8%€1.4mwithin the sector's middle half▲ 3.1%€1.4mwithin the sector's middle half▲ 2.5%
Debt€1.8m-€2.2m▲ 25.0%€1.3m▼ 42.7%€1.4m▲ 10.0%€1.3m▼ 9.3%€1.1m▼ 13.2%€1.1m▲ 0.2%€1.1m▲ 0.5%
Working capital-€0.5m--€0.4m▲ 7.5%-€0.2mbelow the sector's middle half▲ 57.2%€0.5mabove the sector's middle half€0.8mabove the sector's middle half▲ 42.6%€0.8mabove the sector's middle half▲ 7.3%€0.9mabove the sector's middle half▲ 5.2%€0.5mwithin the sector's middle half▼ 46.9%
Solvency10.5%-7.4%▼ 3.1pp19.6%within the sector's middle half▲ 12.2pp11.2%below the sector's middle half▼ 8.4pp15.0%below the sector's middle half▲ 3.8pp18.2%within the sector's middle half▲ 3.2pp20.5%within the sector's middle half▲ 2.3pp22.0%within the sector's middle half▲ 1.6pp
Current ratio0.73-0.80▲ 0.070.85below the sector's middle half▲ 0.052.35within the sector's middle half▲ 1.503.82above the sector's middle half▲ 1.475.66above the sector's middle half▲ 1.835.84above the sector's middle half▲ 0.183.49above the sector's middle half▼ 2.34
Return on assets (ROA)-1.5%--1.3%▲ 0.3pp8.4%within the sector's middle half▲ 9.6pp-8.5%below the sector's middle half▼ 16.9pp3.2%within the sector's middle half▲ 11.6pp1.5%within the sector's middle half▼ 1.6pp2.8%within the sector's middle half▲ 1.3pp2.1%within the sector's middle half▼ 0.8pp
Staff (FTE)5.5-5.5=5.5above the sector's middle half=9.8▲ 78.2%10.1▲ 3.1%10.1=12.5above the sector's middle half▲ 23.8%12.5within the sector's middle half=
above
within
below
the middle half of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities: 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.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€751,950 ▲ 142%
Current assets
€653,797 ▼ 38.4%
Equity and liabilities €1.4m
Equity
€309,847 ▲ 10.3%
Debt
€1.1m ▲ 0.5%
Debt's share of the balance-sheet total falls from 79.5% to 78.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€406,870▲
2024 · €10,512
Cash flow
€29,537▼
2024 · €41,825
Debt to equity
3.54▼
2024 · 3.88
ROE
9.3%▼
2024 · 13.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€187,217▲
2024 · €181,788
Debt > 1 year
€908,684=
2024 · €908,684
Income taxes
-€43▼
2024 · €50
Staff costs
€370,617▲
2024 · €362,511
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €590 | - | €55,248 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €261,982 | €269,422 | €320,436 | €362,511 | €370,617 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,941 | €44,310 | €20,807 | €19,834 | €7,802 | €4,819 | €2,898 | €575 | ▼ 80.2% |
| Other operating charges640/8 | - | - | - | €587 | €543 | €637 | €696 | €3,059 | ▲ 339% |
| Gross operating margin9900 | -€701,685 | €216,404 | €462,795 | €148,691 | €323,755 | €345,167 | €373,719 | €780,545 | ▲ 109% |
| Operating profit (loss)9901 | -€940,939 | -€30,062 | €235,706 | -€133,713 | €45,988 | €19,275 | €7,613 | €406,295 | ▲ 53× |
| Financial income75/76B | - | - | - | €1,857 | €32 | €1,286 | €31,455 | €10,340 | ▼ 67.1% |
| Recurring financial income75 | €913,826 | €7 | €4 | €1,857 | €32 | €1,286 | €31,455 | €10,340 | ▼ 67.1% |
| Financial charges65/66B | - | - | - | €70 | €75 | €17 | €92 | €387,716 | ▲ 4,216× |
| Recurring financial charges65 | €3,014 | €36 | -€2,717 | €70 | €75 | €17 | €92 | €105 | ▲ 14.2% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €387,611 | - |
| Profit (loss) for the period before taxes9903 | -€30,127 | -€30,091 | €130,958 | -€131,925 | €45,944 | €20,544 | €38,977 | €28,919 | ▼ 25.8% |
| Income taxes67/77 | €79 | €1 | - | €86 | -€520 | €68 | €50 | -€43 | - |
| Profit (loss) for the period9904 | -€30,206 | -€30,092 | €130,958 | -€132,012 | €46,465 | €20,477 | €38,927 | €28,962 | ▼ 25.6% |
| Profit (loss) for the period to be appropriated9905 | -€30,206 | -€30,092 | €130,958 | -€132,012 | €46,465 | €20,477 | €38,927 | €28,962 | ▼ 25.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.0m | €2.4m | €1.6m | €1.6m | €1.5m | €1.3m | €1.4m | €1.4m | ▲ 2.5% |
| Formation expenses20 | - | - | - | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €0.7m | €0.6m | €0.5m | €0.6m | €0.4m | €0.3m | €0.3m | €0.8m | ▲ 142% |
| Tangible fixed assets22/27 | €0.08m | €0.04m | €0.04m | €0.02m | €0.01m | €0.007m | €0.003m | €0.002m | ▼ 20.0% |
| Land and buildings22 | - | - | - | €0.009m | €0.006m | €0.003m | €0.003m | €0.002m | ▼ 20.0% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.006m | €0.004m | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €0 | €0 | - |
| Leasing and similar rights25 | - | - | - | - | - | - | €0 | €0 | - |
| Financial fixed assets28 | €0.6m | €0.6m | €0.5m | €0.6m | €0.4m | €0.3m | €0.3m | €0.7m | ▲ 143% |
| Current assets29/58 | €1.3m | €1.8m | €1.1m | €1.0m | €1.1m | €1.0m | €1.1m | €0.7m | ▼ 38.4% |
| Amounts receivable within one year40/41 | €1.0m | €1.8m | €1.1m | €0.9m | €1.1m | €1.0m | €1.1m | €0.7m | ▼ 38.4% |
| Trade receivables40 | - | - | - | €0.9m | €1.0m | €1.0m | €1.0m | €0.6m | ▼ 41.3% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.06m | €0.01m | €0.01m | €0.04m | ▲ 211% |
| Cash at bank and in hand54/58 | €0.007m | €0.006m | €0.004m | €0.004m | €0.004m | €0.004m | €184 | €184 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.0m | €2.4m | €1.6m | €1.6m | €1.5m | €1.3m | €1.4m | €1.4m | ▲ 2.5% |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 10.3% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Issued capital100 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€1.5m | -€1.5m | -€1.4m | -€1.5m | -€1.5m | -€1.5m | -€1.4m | -€1.4m | ▲ 2.0% |
| Amounts payable17/49 | €1.8m | €2.2m | €1.3m | €1.4m | €1.3m | €1.1m | €1.1m | €1.1m | ▲ 0.5% |
| Amounts payable after more than one year17 | - | - | - | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | = |
| Trade debts175 | - | - | - | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | = |
| Amounts payable within one year42/48 | €1.8m | €2.2m | €1.3m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 3.0% |
| Trade debts44 | €1.5m | €2.0m | €1.1m | €0.06m | €0.1m | €0.002m | €0.05m | €0.04m | ▼ 26.5% |
| Suppliers440/4 | - | - | - | €0.06m | €0.1m | €0.002m | €0.05m | €0.04m | ▼ 26.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.003m | €0.01m | €0.05m | €0.06m | ▲ 14.0% |
| Taxes450/3 | - | - | - | €0.001m | €0.003m | €0.01m | €0.01m | €0.02m | ▲ 115% |
| Remuneration and social security454/9 | - | - | - | €0.2m | - | - | €0.04m | €0.04m | ▼ 11.3% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.07m | €0.08m | ▲ 16.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €385 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,206 | -€30,092 | €130,958 | -€132,012 | €46,465 | €20,477 | €38,927 | €28,962 | ▼ 25.6% |
| + Depreciation and write-downs630 | €44,941 | €44,310 | €20,807 | €19,834 | €7,802 | €4,819 | €2,898 | €575 | ▼ 80.2% |
| Operating cash flow (approximation) | €14,735 | €14,218 | €151,765 | -€112,177 | €54,267 | €25,295 | €41,825 | €29,537 | ▼ 29.4% |
| Investment in fixed assets (approximation) | - | €20,871 | €96,866 | -€133,202 | €178,484 | €100,505 | €1,237 | -€441,650 | - |
| Change in cash | - | -€281 | -€2,093 | €0 | -€656 | €0 | -€3,550 | €0 | - |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 22-07-2026 | 2026-00317115 |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00279014 |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00261347 |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00227576 |
| 31-12-2021 | micro format | 01-08-2022 | 2022-20253473 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56200256 |
| 31-12-2019 | micro format | 25-11-2020 | 2020-71700437 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-55300244 |
| 31-12-2017 | micro format | 17-09-2018 | 2018-63000505 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-50500548 |
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Of the 473 active companies whose main activity is motion picture, video and television programme production, sound recording and music publishing activities (NACE 59112), figures are known for 252. 172 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.