ROOTS
ActiveSummary
The computed 12-month bankruptcy probability of ROOTS is 3.0% (moderate). The annual accounts of ROOTS for fiscal year 2024 show a net loss of 77% of the equity at the start of that year. The 2024 annual accounts show equity of €10k and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-15
Solvency26▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.02 against 1.04 in 2023; short-term debt: 98.2% and cash: 0% of total assets), and 99.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
0.5%
Return on assets
-1.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
61 d late
2022
21 d early
2021
29 d late
2020
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Equity
€10k▼ 76.8%
2023 · €42k
Total assets
€1.90M▼ 4.8%
2023 · €2.00M
Net result
€-33k
2023 · €88k
Working capital
€35k▼ 50.5%
2023 · €70k
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€-2k-€-3k▼ 123%€-3k▼ 0.6%€177k€70k▼ 60.4%
Net result€-55k-€-38k▲ 31.1%€-53k▼ 41.6%€88k€-33k
Equity€45k-€8k▼ 83.0%€-46k€42k€10k▼ 76.8%
Total assets€2.22M-€2.22M▼ 0.4%€2.22M=€2.00M▼ 9.7%€1.90M▼ 4.8%
Debt€2.18M-€2.21M▲ 1.3%€2.26M▲ 2.4%€1.96M▼ 13.4%€1.89M▼ 3.3%
Working capital€65k-€27k▼ 57.9%€-19k€70k€35k▼ 50.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 60% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.90M
Equity
€10k ▼ 76.8%
Debt
€1.89M ▼ 3.3%
Debt's share of the balance-sheet total rises from 97.9% to 99.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.02▼
2023 · 1.04
Quick ratio
0.00▼
2023 · 0.00
ROE
-330.9%▼
2023 · 207.6%
ROA
-1.7%▼
2023 · 4.4%
Debt ≤ 1 year
€1.87M▼
2023 · €1.93M
A ratio outside any meaningful range has been withheld (balance sheet total €1.90M, equity €10k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €120 | €990 | €1k | €1k | ▲ 1.5% |
| Gross operating margin9900 | €-1k | €-3k | €-2k | €178k | €71k | ▼ 60.1% |
| Operating profit (loss)9901 | €-2k | €-3k | €-3k | €177k | €70k | ▼ 60.4% |
| Financial income75/76B | - | - | - | - | €15 | - |
| Recurring financial income75 | - | - | - | - | €15 | - |
| Financial charges65/66B | - | €34k | €50k | €89k | €103k | ▲ 15.0% |
| Recurring financial charges65 | €53k | €34k | €50k | €89k | €103k | ▲ 15.0% |
| Profit (loss) for the period before taxes9903 | €-55k | €-38k | €-53k | €88k | €-33k | ▼ 137% |
| Profit (loss) for the period9904 | €-55k | €-38k | €-53k | €88k | €-33k | ▼ 137% |
| Transfer to tax-exempt reserves689 | - | - | - | €2k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-55k | €-38k | €-53k | €86k | €-33k | ▼ 138% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.22M | €2.22M | €2.22M | €2.00M | €1.90M | ▼ 4.8% |
| Current assets29/58 | €2.22M | €2.22M | €2.22M | €2.00M | €1.90M | ▼ 4.8% |
| Stocks and contracts in progress3 | €2.22M | €2.22M | €2.22M | €2.00M | €1.90M | ▼ 4.7% |
| Stocks30/36 | - | €2.22M | €2.22M | €2.00M | €1.90M | ▼ 4.7% |
| Amounts receivable within one year40/41 | €5k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €4k | €22 | €620 | €4k | €679 | ▼ 82.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.22M | €2.22M | €2.22M | €2.00M | €1.90M | ▼ 4.8% |
| Equity10/15 | €45k | €8k | €-46k | €42k | €10k | ▼ 76.8% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | - | - | - | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-55k | €-92k | €-146k | €-59k | €-92k | ▼ 55.0% |
| Amounts payable17/49 | €2.18M | €2.21M | €2.26M | €1.96M | €1.89M | ▼ 3.3% |
| Amounts payable within one year42/48 | €2.16M | €2.19M | €2.23M | €1.93M | €1.87M | ▼ 3.2% |
| Financial debts43 | - | €1.65M | €1.65M | €1.26M | €1.11M | ▼ 11.9% |
| Credit institutions430/8 | - | €1.65M | €1.65M | €1.26M | €1.11M | ▼ 11.9% |
| Trade debts44 | €5k | €3k | €972 | €552 | €3k | ▲ 378% |
| Suppliers440/4 | - | €3k | €972 | €552 | €3k | ▲ 378% |
| Other amounts payable47/48 | - | €540k | €589k | €672k | €758k | ▲ 12.8% |
| Accrued charges and deferred income492/3 | - | €20k | €27k | €27k | €25k | ▼ 9.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-55k | €-38k | €-53k | €88k | €-33k | ▼ 137% |
| Operating cash flow (approximation) | €-55k | €-38k | €-53k | €88k | €-33k | ▼ 137% |
| Change in cash | - | €-4k | €598 | €3k | €-3k | ▼ 198% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Back to profitnet €88k
Net result €88k after 3 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 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, Gent · 1 establishment unit since 2019
Ground area
5,728 m²
Building footprint
268 m²
Parcel 44074C0050/00H000, Flanders. Linked by address, not a title deed.
59
companies at this address
See who is registered here
1 establishment unit
ROOTS
since 20192.291.541.460
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0050/00H000 | Flanders | 5,728 m² | 1 · 268 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPrivate limited company
Founded07-06-2019
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.