ROOFCOVER
ActiveSummary
ROOFCOVER has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of €680,099. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 7454 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+9
Solvency70▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.38 in 2023; short-term debt: 33% and cash: 29.8% of total assets), but 55.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
44.9%
Return on assets
21.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
56 d early
2022
49 d early
2021
129 d early
2020
47 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 69 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 employer in Aartselaar, Construction sector#5 company by equity in Aartselaar, Construction sector#7 company by total assets in Aartselaar, Construction sector
Equity
€1.4m▲ 91.6%
2023 · €737,801
Total assets
€3.1m▲ 7.0%
2023 · €2.9m
Net result
€680,099▲ 60.0%
2023 · €425,174
Working capital
€1.3m▲ 108%
2023 · €623,278
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
Line20202021202220232024
Operating result€577,198▲ 172%€213,078▼ 63.1%€138,806▼ 34.9%€581,692▲ 319%€945,331▲ 62.5%
Net result€376,544▲ 202%€135,673▼ 64.0%€78,116▼ 42.4%€425,174▲ 444%€680,099▲ 60.0%
Equity€820,109▲ 58.4%€747,597▼ 8.8%€824,114▲ 10.2%€737,801▼ 10.5%€1.4m▲ 91.6%
Total assets€2.0m▲ 7.1%€2.2m▲ 9.4%€2.3m▲ 1.3%€2.9m▲ 30.7%€3.1m▲ 7.0%
Debt€1.2m▼ 12.2%€1.5m▲ 21.8%€1.4m▼ 3.2%€2.2m▲ 54.4%€1.7m▼ 21.3%
Working capital€954,103▲ 42.1%€738,383▼ 22.6%€655,904▼ 11.2%€623,278▼ 5.0%€1.3m▲ 108%
Staff (FTE)20.2▲ 4.7%29.9▲ 48.0%35▲ 17.1%39.2▲ 12.0%39.1▼ 0.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 63% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.1m
Fixed assets
€814,631 ▲ 22.4%
Current assets
€2.3m ▲ 2.5%
Equity and liabilities €3.1m
Equity
€1.4m ▲ 91.6%
Debt
€1.7m ▼ 21.3%
Debt's share of the balance-sheet total falls from 74.9% to 55.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.1m▲
2023 · €737,108
Cash flow
€862,619▲
2023 · €580,590
Current ratio
2.25▲
2023 · 1.38
Quick ratio
2.08▲
2023 · 1.23
Debt to equity
1.23▼
2023 · 2.99
ROE
48.1%▼
2023 · 57.6%
ROA
21.6%▲
2023 · 14.4%
Interest coverage
30.58▲
2023 · 24.09
Debt ≤ 1 year
€1.0m▼
2023 · €1.7m
Debt > 1 year
€400,113▼
2023 · €434,933
Income taxes
€230,869▲
2023 · €145,267
Staff costs
€2.7m▲
2023 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 17,792 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €413 | €11,571 | €5,221 | ▼ 54.9% |
| Remuneration, social security and pensions62 | - | - | €2.6m | €2.6m | €2.7m | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €112,499 | €141,019 | €130,304 | €155,416 | €182,520 | ▲ 17.4% |
| Other operating charges640/8 | - | - | €9,406 | €11,668 | €15,554 | ▲ 33.3% |
| Non-recurring operating charges66A | - | - | €1,086 | - | €2,520 | - |
| Gross operating margin9900 | €2.2m | €2.4m | €2.8m | €3.4m | €3.9m | ▲ 15.0% |
| Operating profit (loss)9901 | €577,198 | €213,078 | €138,806 | €581,692 | €945,331 | ▲ 62.5% |
| Financial income75/76B | - | - | €3,157 | €19,354 | €2,522 | ▼ 87.0% |
| Recurring financial income75 | €2,759 | €5,896 | €3,157 | €19,354 | €2,522 | ▼ 87.0% |
| Financial charges65/66B | - | - | €24,701 | €30,604 | €36,885 | ▲ 20.5% |
| Recurring financial charges65 | €26,798 | €31,188 | €24,701 | €30,604 | €36,885 | ▲ 20.5% |
| Profit (loss) for the period before taxes9903 | €553,159 | €187,786 | €117,262 | €570,442 | €910,968 | ▲ 59.7% |
| Income taxes67/77 | €176,615 | €52,113 | €39,145 | €145,267 | €230,869 | ▲ 58.9% |
| Profit (loss) for the period9904 | €376,544 | €135,673 | €78,116 | €425,174 | €680,099 | ▲ 60.0% |
| Profit (loss) for the period to be appropriated9905 | €376,544 | €135,673 | €78,116 | €425,174 | €680,099 | ▲ 60.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.2m | €2.3m | €2.9m | €3.1m | ▲ 7.0% |
| Fixed assets21/28 | €557,995 | €654,028 | €604,211 | €665,485 | €814,631 | ▲ 22.4% |
| Tangible fixed assets22/27 | €553,476 | €653,893 | €604,076 | €665,350 | €814,496 | ▲ 22.4% |
| Land and buildings22 | - | - | €339,730 | €298,204 | €288,081 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | €24,420 | €17,400 | €58,133 | ▲ 234% |
| Furniture and vehicles24 | - | - | €239,927 | €349,746 | €468,282 | ▲ 33.9% |
| Financial fixed assets28 | €4,519 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €1.5m | €1.6m | €1.6m | €2.3m | €2.3m | ▲ 2.5% |
| Stocks and contracts in progress3 | €149,384 | €219,156 | €254,704 | €239,462 | €174,977 | ▼ 26.9% |
| Stocks30/36 | - | - | €254,704 | €239,462 | €174,977 | ▼ 26.9% |
| Amounts receivable within one year40/41 | €655,285 | €834,015 | €1.1m | €1.3m | €1.1m | ▼ 15.4% |
| Trade receivables40 | - | - | €890,584 | €1.1m | €965,767 | ▼ 11.2% |
| Other amounts receivable41 | - | - | €184,036 | €203,524 | €126,929 | ▼ 37.6% |
| Current investments50/53 | €126,175 | €155,534 | €109,445 | €159,751 | €112,519 | ▼ 29.6% |
| Cash at bank and in hand54/58 | €507,945 | €357,737 | €158,196 | €534,770 | €938,464 | ▲ 75.5% |
| Deferred charges and accrued income490/1 | - | - | €51,189 | €52,161 | €16,301 | ▼ 68.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.2m | €2.3m | €2.9m | €3.1m | ▲ 7.0% |
| Equity10/15 | €820,109 | €747,597 | €824,114 | €737,801 | €1.4m | ▲ 91.6% |
| Contributions10/11 | - | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €800,109 | €727,597 | €804,114 | €717,801 | €713,621 | ▼ 0.6% |
| Distributable reserves133 | - | - | €804,114 | €717,801 | €713,621 | ▼ 0.6% |
| Profit (loss) carried forward14 | - | - | - | - | €680,099 | - |
| Amounts payable17/49 | €1.2m | €1.5m | €1.4m | €2.2m | €1.7m | ▼ 21.3% |
| Amounts payable after more than one year17 | €581,927 | €605,237 | €436,002 | €434,933 | €400,113 | ▼ 8.0% |
| Financial debts170/4 | - | - | €436,002 | €434,933 | €400,113 | ▼ 8.0% |
| Amounts payable within one year42/48 | €518,688 | €830,190 | €992,250 | €1.7m | €1.0m | ▼ 37.2% |
| Current portion of amounts payable after more than one year42 | - | - | €192,417 | €192,299 | €142,266 | ▼ 26.0% |
| Trade debts44 | €216,229 | €244,667 | €396,487 | €622,339 | €521,906 | ▼ 16.1% |
| Suppliers440/4 | - | - | €396,487 | €622,339 | €521,906 | ▼ 16.1% |
| Advances received on contracts in progress46 | - | - | €4,462 | €4,462 | €4,462 | = |
| Taxes, remuneration and social security45 | - | - | €395,098 | €405,212 | €369,740 | ▼ 8.8% |
| Taxes450/3 | - | - | €98 | €1,860 | €34 | ▼ 98.2% |
| Remuneration and social security454/9 | - | - | €395,000 | €403,352 | €369,706 | ▼ 8.3% |
| Other amounts payable47/48 | - | - | €3,785 | €429,991 | €890 | ▼ 99.8% |
| Accrued charges and deferred income492/3 | - | - | - | €116,028 | €296,490 | ▲ 156% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €376,544 | €135,673 | €78,116 | €425,174 | €680,099 | ▲ 60.0% |
| + Depreciation and write-downs630 | €112,499 | €141,019 | €130,304 | €155,416 | €182,520 | ▲ 17.4% |
| Operating cash flow (approximation) | €489,043 | €276,692 | €208,420 | €580,590 | €862,619 | ▲ 48.6% |
| Investment in fixed assets (approximation) | - | -€237,052 | -€80,487 | -€216,689 | -€331,666 | ▼ 53.1% |
| Change in cash | - | -€150,208 | -€199,542 | €376,575 | €403,694 | ▲ 7.2% |
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
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €680,099 ▲60%
Operating result €945,331, net result €680,099, both a record.
31-12
Financial
Equity above €1mEq €1.4m ▲91.6%
7 profitable years in a row build equity to €1.4m.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500,000Eq €517,855 ▲31.2%
2 profitable years in a row build equity to €517,855.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Aartselaar · 1 establishment unit since 2008
Ground area
5,923 m²
Building footprint
1,388 m²
Parcel 11001B0039/00P002, Flanders. Linked by address, not a title deed.
1 establishment unit
ROOFCOVER
since 20082.170.876.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0039/00P002 | Flanders | 5,923 m² | 1 · 1,388 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 9,468 EUR awarded · 9,468 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,709 EUR | 1,709 EUR |
| 2024 | 2 | 3,188 EUR | 3,923 EUR |
| 2023 | 1 | 735 EUR | 735 EUR |
| 2022 | 1 | 3,836 EUR | 3,101 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesROOFCOVER BV38317
Dual-learning approval
2 endedDaktimmerman (so)
Machinaal houtbewerker (so)
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Of 8,574 companies in sector 43410 we hold annual accounts for 4,367. 1,649 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897186256
Also
9925:BE0897186256
Registered
31-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.