Equity
€12,562 from €91,691 in 2018
Equity fell by 86% in 7 years.
ROJACO
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991Gross marginpeak €22,514 (2025)
€22,514▲ 178%
Resultlowest -€46,435 (2019)
-€40,354▼ €47,490
Equitypeak €91,691 (2018)
€12,562▼ 76.3%
Debts
€131,107▼ 16.2%
Board1 name since 2021
1 directorVanoirbeek Roger
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Gross margin from €8,091 to €22,514Loss of €40,354General meeting · Other provision 28-02Equity from €52,916 to €12,562Debts from €156,425 to €131,107Cash from €24,217 to €32,518
Key points
from the 2025 annual accountsDebts
€131,107 91% of the balance sheet
Position in the sector
-€40,354
Lower net result than 95% of companies in legal and accounting. Sector median €95,289 · 4,115 companies.
2025 accounts filed 27 days after the deadline
Checked score
53
Fair
Financially stronger than 7% of micro companies in legal and accounting (NACE 69)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,094 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €40,354 (financial year 2025)
Equity €12,562 (8.7% of total assets)
lowers risk
Sector: Legal and accounting activities (NACE 69)
Size: total assets €143,668
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 14% of them on solvency, 8% on liquidity, 1% on profitability and 7% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 540 companies had the same profile as ROJACO has now. Each dot stands for 2 companies, two years later.
85.9%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ROJACO itself is lower: 0.1% within 12 months. It rests on far more data about ROJACO than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for ROJACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.25 (0.23 in 2024), below 1. Short-term debt is 91.3% and cash 22.6% of total assets. 91.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4127 sector peers (2025).
NBB · sector comparisonPosition among 4127 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
21 days early
2023
15 days early
2022
22 days late
2021
18 days late
2020
6 days late
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440976252
General meeting · Other provision
Gazette deed
First establishment
Kuilbergstraat 25, Hasselt
Incorporation
published on 29-06-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ROJACO Hasselt | €143,668 | €22,514 | 8.7% | - |
| KMO & ADVIES Roeselare | €164,260 | €24,317 | 98.1% | - |
| YFRA Lommel | €177,664 | €22,894 | 96.4% | - |
| COLLARD Durbuy | €172,075 | €26,477 | 38.4% | - |
| BUREAUTIQUE INFORMATIQUE SERVICE Anderlecht | €139,581 | €16,209 | 58.8% | - |
| SWINGS CONSULTING Bertem | €163,283 | €20,381 | 98.4% | - |
| TOMACO Schoten | €150,897 | €23,422 | 74.8% | - |
These companies have the same main activity as ROJACO: other tax advisory services (NACE 69209). They are comparable in size and age: total assets between €140,000 and €178,000, founded between 1974 and 1994.
Official details
Source: KBO- Status
- Active since 06-06-1990Normal situation
- Activity
- Other tax advisory servicesNACE 69209
- Establishment unit
- 2.048.849.1433511 Hasselt, since 10-07-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 05-02-2026
Annual accounts 2025
- Turnover
- ≈ €86,000estimated
- Total assets
- €143,668▼ 31.4%
- Filing
- Filed on 27-08-2026
Insights on ROJACO
ROJACO files the abbreviated format. That format states no turnover. The gross margin rose from €2,393 in 2006 to €22,514 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ROJACO
- What is the company number of ROJACO?
- The company number of ROJACO is 0440.976.252. The VAT number is the same number with BE in front: BE 0440.976.252.
- Where is ROJACO based?
- The registered office is at Kuilbergstraat 25, 3511 Hasselt.Company details
- What does ROJACO do?
- According to the KBO register, the main activity is other tax advisory services (NACE 69209).
- What is the legal form of ROJACO?
- ROJACO is a private limited company (pre-2019) (BVBA).
- When was ROJACO founded?
- ROJACO was founded on 06-06-1990.
- Is ROJACO still active?
- Yes, ROJACO is an active enterprise in the KBO register.
- What is the turnover of ROJACO?
- The turnover in financial year 2025 is ≈ €86,000. This figure is estimated from the gross margin of €22,514 and 38 comparable companies (NACE 692). It probably lies between €52,000 and €150,000. It is a rough estimate.Financials
- Is ROJACO profitable?
- In financial year 2025, ROJACO made a loss of €40,354.
- Where can I find the annual accounts of ROJACO?
- ROJACO filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ROJACO due?
- ROJACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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