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ROJAG

Active
Private limited companyfounded 200323 yrs activeRue aux Cailloux 72, 1401 Nivelles, BelgiumKBO/BCE: BE 0479.835.838
Summary

ROJAG has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,817 and a net result of -€4,175. Equity is growing by ~23.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability14▼-47
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 66.01 against 21.28 in 2024; short-term debt: 1.5% and cash: 0.2% of total assets), and 1.5% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
98.5%
Return on assets
-9.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
25 d late
2020
31 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 30 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ROJAG was incorporated on 24 March 2003.1 Total assets fell from EUR 212,933 in 2018 to EUR 44,491 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,175
2024 · €4,799
Working capital
€43,817▼ 8.7%
2024 · €47,992
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€12,089▼ 14.4%€16,537▲ 36.8%€5,118▼ 69.1%€5,310▲ 3.8%-€6,441
Net result€8,719▼ 34.2%€11,428▲ 31.1%€3,332▼ 70.8%€4,799▲ 44.0%-€4,175
Equity€28,433▲ 44.2%€39,860▲ 40.2%€43,193▲ 8.4%€47,992▲ 11.1%€43,817▼ 8.7%
Total assets€100,601▲ 14.3%€108,244▲ 7.6%€46,949▼ 56.6%€50,358▲ 7.3%€44,491▼ 11.7%
Debt€72,168▲ 5.6%€68,384▼ 5.2%€3,756▼ 94.5%€2,366▼ 37.0%€674▼ 71.5%
Working capital€1,604-€4,689€7,306€47,992▲ 557%€43,817▼ 8.7%
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2021: €12,089€12,089Net result 2021: €8,719€8,719Operating result 2022: €16,537€16,537Net result 2022: €11,428€11,428Operating result 2023: €5,118€5,118Net result 2023: €3,332€3,332Operating result 2024: €5,310€5,310Net result 2024: €4,799€4,799Operating result 2025: -€6,441-€6,441Net result 2025: -€4,175-€4,17520212022202320242025-€10,000-€5,000€0€5,000Operating result 2023: €5,118€5,120Net result 2023: €3,332€3,330Operating result 2024: €5,310€5,310Net result 2024: €4,799€4,800Operating result 2025: -€6,441-€6,440Net result 2025: -€4,175-€4,180202320242025
The operating result turns negative in 2025: a loss of €6,441 after €5,310 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €44,491
Equity €43,817 ▼ 8.7%
Debt €674 ▼ 71.5%
Debt's share of the balance-sheet total falls from 4.7% to 1.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
66.01▲
2024 · 21.28
Debt to equity
0.02▼
2024 · 0.05
ROE
-9.5%▼
2024 · 10.0%
ROA
-9.4%▼
2024 · 9.5%
Debt ≤ 1 year
€674▼
2024 · €2,366
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.1% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€50,358€44,491▼
Fixed assets21/28€0€0=
Tangible fixed assets22/27€0€0=
Land and buildings22€0€0=
Other tangible fixed assets26€0€0=
Current assets29/58€50,358€44,491▼
Amounts receivable within one year40/41€39,234€44,405▲
Other amounts receivable41€39,234€44,405▲
Cash at bank and in hand54/58€11,124€86▼
Equity and liabilities
Total equity and liabilities10/49€50,358€44,491▼
Equity10/15€47,992€43,817▼
Contributions10/11€6,200€6,200=
Reserves13€36,993€36,993=
Distributable reserves133€36,993€36,993=
Profit (loss) carried forward14€4,799€624▼
Amounts payable17/49€2,366€674▼
Amounts payable within one year42/48€2,366€674▼
Trade debts44€0€0=
Suppliers440/4€0€0=
Taxes, remuneration and social security45€715€0▼
Taxes450/3€715€0▼
Other amounts payable47/48€1,651€674▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,255-
Other operating charges640/8€1,217€5,809▲
Gross operating margin9900€9,782-€632▼
Operating profit (loss)9901€5,310-€6,441▼
Financial income75/76B€1,204€2,266▲
Recurring financial income75€1,204€2,266▲
Profit (loss) for the period before taxes9903€6,514-€4,175▼
Income taxes67/77€1,715-
Profit (loss) for the period9904€4,799-€4,175▼
Profit (loss) for the period to be appropriated9905€4,799-€4,175▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,799€624▼
Profit (loss) brought forward from the previous period14P-€4,799
Transfer to equity691/2€0€0=
To other reserves6921€0€0=

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,805€14,342€15,303€3,255--
Other operating charges640/8€55€100€6,346€1,217€5,809▲ 377%
Gross operating margin9900€30,949€30,979€26,767€9,782-€632▼ 106%
Operating profit (loss)9901€12,089€16,537€5,118€5,310-€6,441▼ 221%
Financial income75/76B€993€399€27€1,204€2,266▲ 88.2%
Recurring financial income75€993€399€27€1,204€2,266▲ 88.2%
Financial charges65/66B-€76€145---
Recurring financial charges65-€76€145---
Profit (loss) for the period before taxes9903€13,082€16,860€5,000€6,514-€4,175▼ 164%
Income taxes67/77€4,363€5,432€1,668€1,715--
Profit (loss) for the period9904€8,719€11,428€3,332€4,799-€4,175▼ 187%
Profit (loss) for the period to be appropriated9905€8,719€11,428€3,332€4,799-€4,175▼ 187%
Line20212022202320242025Change
Assets
Total assets20/58€100,601€108,244€46,949€50,358€44,491▼ 11.7%
Fixed assets21/28€26,829€44,549€35,887€0€0-
Tangible fixed assets22/27€26,829€44,549€35,887€0€0-
Land and buildings22€25,587€13,778€1,968€0€0-
Other tangible fixed assets26€1,242€30,771€33,919€0€0-
Current assets29/58€73,772€63,695€11,062€50,358€44,491▼ 11.7%
Amounts receivable within one year40/41€15,591€490€517€39,234€44,405▲ 13.2%
Other amounts receivable41€15,591€490€517€39,234€44,405▲ 13.2%
Cash at bank and in hand54/58€57,811€63,205€10,545€11,124€86▼ 99.2%
Deferred charges and accrued income490/1€370€0----
Equity and liabilities
Total equity and liabilities10/49€100,601€108,244€46,949€50,358€44,491▼ 11.7%
Equity10/15€28,433€39,860€43,193€47,992€43,817▼ 8.7%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€22,233€33,660€36,993€36,993€36,993=
Distributable reserves133€22,233€33,660€36,993€36,993€36,993=
Profit (loss) carried forward14---€4,799€624▼ 87.0%
Amounts payable17/49€72,168€68,384€3,756€2,366€674▼ 71.5%
Amounts payable within one year42/48€72,168€68,384€3,756€2,366€674▼ 71.5%
Trade debts44€0€0€0€0€0-
Suppliers440/4€0€0€0€0€0-
Taxes, remuneration and social security45€10,080€6,296€1,668€715€0▼ 100%
Taxes450/3€10,080€6,296€1,668€715€0▼ 100%
Other amounts payable47/48€62,088€62,088€2,088€1,651€674▼ 59.2%
Line20212022202320242025Change
Profit (loss) for the period9904€8,719€11,428€3,332€4,799-€4,175▼ 187%
+ Depreciation and write-downs630€18,805€14,342€15,303€3,255--
Operating cash flow (approximation)€27,524€25,770€18,635€8,054-€4,175▼ 152%
Investment in fixed assets (approximation)--€32,062-€6,641€32,632€0▼ 100%
Change in cash-€5,394-€52,660€579-€11,038▼ 2,006%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial Weakest financial yearnet -€4,175
Net result drops to -€4,175, the lowest in the series.
31-12
Financial Liquidity triplescurrent ratio 66.01
Current ratio from 21.28 to 66.01; short-term debt falls from €2,366 to €674.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial Liquidity times 7current ratio 21.28
Current ratio from 2.95 to 21.28; short-term debt falls from €3,756 to €2,366.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial Liquidity triplescurrent ratio 2.95
Current ratio from 0.93 to 2.95; short-term debt falls from €68,384 to €3,756.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
25-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial Highest result since 2018net €15,940 ▲7%
Net result €15,940, the highest in the series.
Show earlier events
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
24-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Nivelles
exact location from the address register On OpenStreetMap
Ground area
1,104 m²
Building footprint
217 m²
Volume, LiDAR
1,307 m³
Parcel 25004B0217/02G000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25004B0217/02G000 Wallonia 1,104 m² 1 · 217 m² 8.6 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded24-03-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.