ROOFWORKX
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 11-06-2026 PDF all 31 filings
Turnover
≈ €3.0m
Estimated: probably between €2.3m and €4.0m
Total assets
€1.4m▲ 14.7%
2024 · €1.3m
Net result
€167,250▼ 3.9%
2024 · €174,069
Working capital
€570,917▲ 26.5%
2024 · €451,170
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€238,649
▼ 12.2%
2025
20182025
Net result
€167,250
▼ 3.9%
2025
highest quarter of the sector
20182025
Equity
€600,020
▲ 26.9%
2025
middle half of the sector
20182025
Total assets
€1.4m
▲ 14.7%
2025
highest quarter of the sector
20182025
Debt
€839,572
▲ 7.4%
2025
20182025
Working capital
€570,917
▲ 26.5%
2025
highest quarter of the sector
20182025
Solvency
41.7%
▲ 4.0pp
2025
middle half of the sector
20182025
Current ratio
1.82
▲ 0.06
2025
middle half of the sector
20182025
Return on assets (ROA)
11.6%
▼ 2.3pp
2025
middle half of the sector
20182025
Staff (FTE)
11.7
▼ 12.7%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.04m-€0.02m▼ 43.7%€0.05m▲ 117%€0.1m▲ 185%€0.2m▲ 53.8%€0.3m▲ 30.3%€0.3m▼ 1.4%€0.2m▼ 12.2%
Net result€0.02m-€0.005m▼ 71.7%€0.009mwithin the sector's middle half▲ 80.6%€0.1mwithin the sector's middle half▲ 937%€0.2mabove the sector's middle half▲ 66.5%€0.2mabove the sector's middle half▲ 7.7%€0.2mabove the sector's middle half▼ 1.3%€0.2mabove the sector's middle half▼ 3.9%
Equity€0.03m-€0.03m▲ 20.5%€0.04mbelow the sector's middle half▲ 30.7%€0.1mwithin the sector's middle half▲ 182%€0.2mwithin the sector's middle half▲ 78.0%€0.3mwithin the sector's middle half▲ 67.3%€0.5mwithin the sector's middle half▲ 39.6%€0.6mwithin the sector's middle half▲ 26.9%
Total assets€0.9m-€1.0m▲ 13.2%€0.9mwithin the sector's middle half▼ 4.4%€1.1mwithin the sector's middle half▲ 16.0%€1.3mwithin the sector's middle half▲ 24.7%€1.0mwithin the sector's middle half▼ 21.5%€1.3mwithin the sector's middle half▲ 20.2%€1.4mabove the sector's middle half▲ 14.7%
Debt€0.8m-€0.9m▲ 13.0%€0.9m▼ 5.6%€1.0m▲ 8.4%€1.1m▲ 18.4%€0.7m▼ 37.4%€0.8m▲ 10.8%€0.8m▲ 7.4%
Working capital€0.08m-€0.09m▲ 13.5%€0.09mwithin the sector's middle half▲ 5.0%€0.2mwithin the sector's middle half▲ 65.7%€0.2mwithin the sector's middle half▲ 45.1%€0.3mwithin the sector's middle half▲ 44.2%€0.5mwithin the sector's middle half▲ 43.2%€0.6mabove the sector's middle half▲ 26.5%
Solvency3.0%-3.2%▲ 0.2pp4.4%below the sector's middle half▲ 1.2pp10.7%below the sector's middle half▲ 6.3pp15.2%below the sector's middle half▲ 4.6pp32.4%within the sector's middle half▲ 17.2pp37.7%within the sector's middle half▲ 5.2pp41.7%within the sector's middle half▲ 4.0pp
Current ratio1.10-1.10=1.11below the sector's middle half▲ 0.011.18within the sector's middle half▲ 0.071.21within the sector's middle half▲ 0.041.59within the sector's middle half▲ 0.371.76within the sector's middle half▲ 0.171.82within the sector's middle half▲ 0.06
Return on assets (ROA)2.2%-0.5%▼ 1.6pp1.0%below the sector's middle half▲ 0.5pp9.2%within the sector's middle half▲ 8.2pp12.3%within the sector's middle half▲ 3.1pp16.9%above the sector's middle half▲ 4.6pp13.9%above the sector's middle half▼ 3.0pp11.6%within the sector's middle half▼ 2.3pp
Staff (FTE)7.2-4.6▼ 36.1%6.1within the sector's middle half▲ 32.6%6.2within the sector's middle half▲ 1.6%6.9within the sector's middle half▲ 11.3%9.4within the sector's middle half▲ 36.2%13.4above the sector's middle half▲ 42.6%11.7above the sector's middle half▼ 12.7%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 12% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. 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
€169,767 ▼ 17.8%
Current assets
€1.3m ▲ 21.1%
Equity and liabilities €1.4m
Equity
€600,020 ▲ 26.9%
Debt
€839,572 ▲ 7.4%
Debt's share of the balance-sheet total falls from 62.3% to 58.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€297,164▼
2024 · €330,147
Cash flow
€225,765▼
2024 · €232,265
Quick ratio
1.73▲
2024 · 1.65
Debt to equity
1.40▼
2024 · 1.65
ROE
27.9%▼
2024 · 36.8%
Interest coverage
9.82▼
2024 · 11.36
Debt ≤ 1 year
€698,908▲
2024 · €597,229
Debt > 1 year
€140,663▼
2024 · €184,824
Income taxes
€46,370▼
2024 · €68,307
Staff costs
€708,842▲
2024 · €616,553
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 8 | 14 | 17 | 13 |
| full-time | 5 | 6 | 11 | 14 | 10 |
| part-time | 2 | 2 | 3 | 3 | 3 |
| in full-time equivalents | 5.7 | 6.7 | 12 | 15.2 | 11.6 |
| Average over the year, in full-time equivalents | 6.2 | 6.9 | 9.4 | 13.4 | 11.7 |
| On a permanent contract | 7 | 8 | 13 | 14 | 13 |
| Joined | 7 | 6 | 16 | 11 | 4 |
| Left | 6 | 5 | 10 | 8 | 4 |
| Training hours | - | - | 24 | 64 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €81,794 | €50,893 | €167,592 | €74,978 | €22,328 |
| Financial fixed assets | €3,000 | - | - | - | €0 |
| Depreciation and write-downs of the year | €20,724 | €27,412 | €28,486 | €58,196 | €58,515 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €41,764 awarded · €41,764 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €23,870 | €23,870 |
| 2024 | 2 | €17,376 | €17,376 |
| 2023 | 1 | €470 | €470 |
| 2022 | 1 | €48 | €48 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.02m | €0.04m | €0.005m | ▼ 84.6% |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.3m | €0.5m | €0.6m | €0.7m | ▲ 15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.008m | €0.009m | €0.008m | €0.02m | €0.03m | €0.03m | €0.06m | €0.06m | ▲ 0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.001m | - | -€0.02m | €0 | €0.05m | - |
| Other operating charges640/8 | - | - | - | €0.006m | €0.003m | €0.01m | €0.007m | €0.006m | ▼ 12.6% |
| Non-recurring operating charges66A | - | - | - | €250 | - | - | - | €0.02m | - |
| Gross operating margin9900 | €0.4m | €0.3m | €0.4m | €0.5m | €0.6m | €0.8m | €1.0m | €1.1m | ▲ 13.0% |
| Operating profit (loss)9901 | €0.04m | €0.02m | €0.05m | €0.1m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 12.2% |
| Financial income75/76B | - | - | - | €0.001m | €0.01m | €441 | €0.002m | €0.005m | ▲ 162% |
| Recurring financial income75 | €461 | €390 | €0.01m | €0.001m | €0.01m | €441 | €0.002m | €0.005m | ▲ 162% |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.04m | €0.03m | €0.03m | ▼ 4.2% |
| Recurring financial charges65 | €0.02m | €0.01m | €0.04m | €0.01m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 4.1% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.008m | €0.003m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.008m | €0.02m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 11.9% |
| Income taxes67/77 | €376 | €0.003m | €0.01m | €0.03m | €0.04m | €0.06m | €0.07m | €0.05m | ▼ 32.1% |
| Profit (loss) for the period9904 | €0.02m | €0.005m | €0.009m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.005m | €0.009m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.0m | €0.9m | €1.1m | €1.3m | €1.0m | €1.3m | €1.4m | ▲ 14.7% |
| Fixed assets21/28 | €0.02m | €0.02m | €0.02m | €0.07m | €0.09m | €0.2m | €0.2m | €0.2m | ▼ 17.8% |
| Tangible fixed assets22/27 | €0.02m | €0.02m | €0.02m | €0.07m | €0.09m | €0.2m | €0.2m | €0.2m | ▼ 17.6% |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.01m | €0.04m | €0.04m | €0.03m | ▼ 8.6% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.03m | €0.02m | €0.01m | €0.02m | ▲ 88.6% |
| Leasing and similar rights25 | - | - | - | €0.05m | €0.05m | €0.1m | €0.2m | €0.1m | ▼ 27.3% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.001m | €0.004m | €0.004m | €0.004m | €0.001m | €442 | ▼ 51.5% |
| Current assets29/58 | €0.8m | €0.9m | €0.9m | €1.0m | €1.2m | €0.9m | €1.0m | €1.3m | ▲ 21.1% |
| Stocks and contracts in progress3 | €0.2m | €0.1m | €0.06m | €0.09m | €0.06m | €0.06m | €0.06m | €0.06m | ▲ 0.3% |
| Stocks30/36 | - | - | - | €0.09m | €0.06m | €0.06m | €0.06m | €0.06m | ▲ 0.3% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.6m | €0.5m | €0.9m | €0.8m | €0.9m | €1.1m | ▲ 21.4% |
| Trade receivables40 | - | - | - | €0.4m | €0.8m | €0.7m | €0.8m | €1.0m | ▲ 26.0% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.1m | €0.06m | €0.09m | €0.08m | ▼ 18.7% |
| Cash at bank and in hand54/58 | €0.03m | €0.2m | €0.3m | €0.4m | €0.3m | €0.03m | €0.08m | €0.1m | ▲ 34.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.001m | €0.002m | €0.002m | ▲ 27.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.0m | €0.9m | €1.1m | €1.3m | €1.0m | €1.3m | €1.4m | ▲ 14.7% |
| Equity10/15 | €0.03m | €0.03m | €0.04m | €0.1m | €0.2m | €0.3m | €0.5m | €0.6m | ▲ 26.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | - | - | - | €0.05m | €0.1m | €0.3m | €0.4m | €0.5m | ▲ 31.0% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.05m | €0.1m | €0.3m | €0.4m | €0.5m | ▲ 31.5% |
| Profit (loss) carried forward14 | -€0.04m | -€0.03m | -€0.02m | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.8m | €0.9m | €0.9m | €1.0m | €1.1m | €0.7m | €0.8m | €0.8m | ▲ 7.4% |
| Amounts payable after more than one year17 | €0.08m | €0.08m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 23.9% |
| Financial debts170/4 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 23.9% |
| Amounts payable within one year42/48 | €0.7m | €0.9m | €0.8m | €0.8m | €1.0m | €0.5m | €0.6m | €0.7m | ▲ 17.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.02m | €0.03m | €0.04m | €0.04m | ▲ 1.6% |
| Financial debts43 | - | - | - | €0.2m | €0.2m | €0.02m | €0.1m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.2m | €0.02m | €0.1m | €0 | ▼ 100% |
| Trade debts44 | €0.5m | €0.6m | €0.6m | €0.5m | €0.6m | €0.3m | €0.2m | €0.5m | ▲ 127% |
| Suppliers440/4 | - | - | - | €0.5m | €0.6m | €0.3m | €0.2m | €0.5m | ▲ 127% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0.1m | €0.08m | €0.06m | ▼ 30.5% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.06m | €0.05m | €0.03m | ▼ 51.1% |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.02m | €0.04m | €0.03m | €0.03m | ▲ 8.8% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.1m | €0.06m | €0.1m | €0.06m | ▼ 38.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,564 | €5,249 | €9,478 | €98,326 | €163,701 | €176,295 | €174,069 | €167,250 | ▼ 3.9% |
| + Depreciation and write-downs630 | €8,446 | €8,580 | €8,342 | €20,724 | €27,412 | €28,486 | €58,196 | €58,515 | ▲ 0.5% |
| Operating cash flow (approximation) | €27,011 | €13,830 | €17,820 | €119,050 | €191,113 | €204,781 | €232,265 | €225,765 | ▼ 2.8% |
| Investment in fixed assets (approximation) | - | -€4,014 | -€12,999 | -€66,375 | -€50,893 | -€127,494 | -€71,978 | -€21,858 | ▲ 69.6% |
| Change in cash | - | €199,311 | €38,410 | €154,834 | -€108,624 | -€279,192 | €49,226 | €27,075 | ▼ 45.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as ROOFWORKX has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of ROOFWORKX itself: 0.3% within 12 months.
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 20,136 companies, not a prediction for ROOFWORKX. 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.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 11-06-2026 | 2026-00160754 | |
| 31-12-2024 | abbreviated format | 10-10-2025 | 2025-00538353 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00284998 | |
| 31-12-2022 | abbreviated format | 25-07-2023 | 2023-00265563 | |
| 31-12-2021 | abbreviated format | 15-07-2022 | 2022-20193283 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-66400349 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-49600242 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-58000593 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-54600558 | |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-50000560 |