ROJAN
ActiveROJAN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.61M and a net result of €247k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 664 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▲+10
Solvency71▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.86 in 2024), and 51.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
48.4%
Return on assets
2.6%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
22 d early
2023
14 d early
2022
31 d late
2021
61 d late
2020
200 d late
2019
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
06-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.61M▲ 5.7%
2024 · €4.36M
2021: €3.86M
2022: €3.97M
2023: €4.22M
2024: €4.36M
2021 → 2025
Total assets
€9.53M▼ 4.3%
2024 · €9.96M
2021: €9.85M
2022: €9.62M
2023: €9.37M
2024: €9.96M
2021 → 2025
Net result
€247k▲ 65.2%
2024 · €149k
2021: €98k
2022: €114k
2023: €245k
2024: €149k
2021 → 2025
Working capital
€-124k▲ 44.4%
2024 · €-223k
2021: €-480k
2022: €-461k
2023: €-349k
2024: €-223k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.86M-€3.97M▲ 3.0%€4.22M▲ 6.2%€4.36M▲ 3.5%€4.61M▲ 5.7%
Operating result€382k-€308k▼ 19.4%€510k▲ 65.6%€399k▼ 21.6%€511k▲ 28.1%
Net result€98k-€114k▲ 17.4%€245k▲ 114%€149k▼ 38.9%€247k▲ 65.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.53M
Fixed assets
€8.07M▼ 5.5%
Current assets
€1.46M▲ 2.7%
Equity and liabilities €9.53M
Equity
€4.61M▲ 5.7%
Provisions
€674k▼ 6.9%
Debt
€4.25M▼ 12.8%
The debt ratio falls from 48.9% to 44.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.03M▲
2024 · €975k
Cash flow
€763k▲
2024 · €725k
Solvency
48.4%▲
2024 · 43.8%
Current ratio
0.92▲
2024 · 0.86
Quick ratio
0.92▲
2024 · 0.86
Debt / equity
0.92▼
2024 · 1.12
ROE
5.4%▲
2024 · 3.4%
ROA
2.6%▲
2024 · 1.5%
Interest coverage
5.95▲
2024 · 4.94
Debt
€4.25M▼
2024 · €4.87M
Debt ≤ 1 year
€1.59M▼
2024 · €1.65M
Debt > 1 year
€2.65M▼
2024 · €3.20M
Income taxes
€169k▲
2024 · €129k
Staff costs
€21k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€9.96M€9.53M▼
Fixed assets
21/28€8.53M€8.07M▼
Tangible fixed assets
22/27€8.53M€8.07M▼
Current assets
29/58€1.42M€1.46M▲
Amounts receivable within one year
40/41€1.13M€1.21M▲
Cash & bank
54/58€28k€49k▲
Total equity & liabilities
10/49€9.96M€9.53M▼
Equity
10/15€4.36M€4.61M▲
Contributions / capital
10/11€100k€100k=
Reserves
13€4.26M€4.51M▲
Provisions & deferred taxes
16€724k€674k▼
Amounts payable
17/49€4.87M€4.25M▼
Amounts payable after one year
17€3.20M€2.65M▼
Amounts payable within one year
42/48€1.65M€1.59M▼
Trade debts payable within one year
44€7k€9k▲
Income statement
Code20242025
Gross operating margin
9900€1.13M€1.18M▲
Operating result
9901€399k€511k▲
Financial income
75€27k€27k▲
Financial charges
65€197k€172k▼
Result before taxes
9903€229k€366k▲
Income taxes
67/77€129k€169k▲
Net result for the period
9904€149k€247k▲
Result to be appropriated
9905€249k€346k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
01-06
State Gazette act
Open capture
General meeting · Officer resignation · Officer appointment · Permanent representative
2025
31-12
Financial
Highest result since 2021net €247k ▲65.2%
Operating result €511k, net result €247k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 200 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
CONTINENTAL STAY
BE 0465.238.031
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SHAKER
BE 0713.926.037
Elsene · Eq €4.68M
HOTEL DINANT
BE 0464.236.456
Charleroi · Eq €4.70M
Building Hotel Maes
BE 0408.459.575
Gent · Eq €4.52M
HOTEL ATLANTA
BE 0453.423.431
Knokke-Heist · Eq €4.77M
Of 2,383 companies in sector 55100 we hold annual accounts for 1,418. 546 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-06-1988
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
55101Hotels
68201Renting and operating of own or leased residential real estate, excluding social housing
55301
55401
55522
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
56301Cafés and bars
70201
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-08-2026. Scores and ratios are computed by Checked and are not a credit decision.