ROSAL

Inactive

Public limited companyKBO/BCE: BE 0448.204.930

Inactive since 04-09-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation on 01-07-2026.

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Signals

1 signal. The signal on the left, the evidence on the right.

○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 05-06-2026, 56 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

56 d early

2024

14 d early

2023

42 d early

2022

46 d early

2021

11 d early

2020

2 d early

2019

on the day

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-22k

2024 · €4.60M

2019: €129k 2020: €2.12M 2021: €110k 2022: €301k 2023: €456k 2024: €4.60M

2019 → 2025

Working capital

€5.30M▼ 1.5%

2024 · €5.38M

2019: €-2.20M 2020: €4.91M 2021: €2.01M 2022: €1.92M 2023: €1.02M 2024: €5.38M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€257k-€557k▲ 117%€113k▼ 79.7%€4.71M▲ 4,060%€4.69M▼ 0.5%

Operating result€221k-€467k▲ 112%€662k▲ 41.8%€6.27M▲ 847%€281k▼ 95.5%

Net result€110k-€301k▲ 172%€456k▲ 51.7%€4.60M▲ 909%€-22k

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 96% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €11.92M

50.6%

49.4%

Fixed assets €6.04M ▼ 6.0%

Current assets €5.89M ▼ 2.3%

Equity and liabilities €11.92M

39.4%

11%

49.3%

Equity €4.69M ▼ 0.5%

Provisions €1.36M ▼ 5.5%

Debt €5.87M ▼ 6.7%

Debt's share of the balance-sheet total falls from 50.6% to 49.3%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€719k▼

2024 · €6.57M

Cash flow

€417k▼

2024 · €4.90M

Current ratio

9.93▲

2024 · 9.25

Debt to equity

1.25▼

2024 · 1.34

ROE

-0.5%▼

2024 · 97.6%

ROA

-0.2%▼

2024 · 37.0%

Interest coverage

3.04▼

2024 · 36.32

Debt ≤ 1 year

€593k▼

2024 · €651k

Debt > 1 year

€5.27M▼

2024 · €5.64M

Income taxes

€146k▲

2024 · €54k

Staff costs

€80k▲

2024 · €71k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines

Balance sheet Code20242025

Assets

Total assets20/58€12.45M€11.92M▼

Fixed assets21/28€6.42M€6.04M▼

Tangible fixed assets22/27€6.42M€6.03M▼

Land and buildings22€1.31M€1.28M▼

Plant, machinery and equipment23€13k€11k▼

Furniture and vehicles24€9k€7k▼

Leasing and similar rights25€5.09M€4.73M▼

Financial fixed assets28€602€602=

Current assets29/58€6.03M€5.89M▼

Amounts receivable within one year40/41€4.96M€5.58M▲

Trade receivables40€30k€41k▲

Other amounts receivable41€4.93M€5.54M▲

Cash at bank and in hand54/58€1.07M€309k▼

Deferred charges and accrued income490/1-€2k

Equity and liabilities

Total equity and liabilities10/49€12.45M€11.92M▼

Equity10/15€4.71M€4.69M▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€4.33M€4.09M▼

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Tax-exempt reserves132€4.33M€4.09M▼

Profit (loss) carried forward14€321k€538k▲

Provisions and deferred taxes16€1.44M€1.36M▼

Deferred taxes168€1.44M€1.36M▼

Amounts payable17/49€6.30M€5.87M▼

Amounts payable after more than one year17€5.64M€5.27M▼

Financial debts170/4€5.64M€5.27M▼

Amounts payable within one year42/48€651k€593k▼

Current portion of amounts payable after more than one year42€470k€395k▼

Financial debts43€46k€46k▼

Credit institutions430/8€46k€46k▼

Trade debts44€12k€50k▲

Suppliers440/4€12k€50k▲

Taxes, remuneration and social security45€79k€60k▼

Taxes450/3€74k€52k▼

Remuneration and social security454/9€5k€8k▲

Other amounts payable47/48€44k€43k▼

Accrued charges and deferred income492/3-€14k

Income statement Code20242025

Remuneration, social security and pensions62€71k€80k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€294k€439k▲

Other operating charges640/8€77k€60k▼

Gross operating margin9900€6.72M€859k▼

Operating profit (loss)9901€6.27M€281k▼

Financial charges65/66B€181k€237k▲

Recurring financial charges65€181k€237k▲

Profit (loss) for the period before taxes9903€6.09M€44k▼

Transfer from deferred taxes780€54k€80k▲

Transfer to deferred taxes680€1.49M-

Income taxes67/77€54k€146k▲

Profit (loss) for the period9904€4.60M€-22k▼

Transfer from tax-exempt reserves789€161k€239k▲

Transfer to tax-exempt reserves689€4.48M-

Profit (loss) for the period to be appropriated9905€287k€217k▼

Appropriation of the result

Profit (loss) to be appropriated9906€321k€538k▲

Profit (loss) brought forward from the previous period14P€34k€321k▲

Social balance

Average headcount (FTE)90871.51.4▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 19Financial 8Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-09

State Gazette act General meeting · Merger

Merger · Dissolution · Accounting effect4 facts ▸

General meeting, 25-08-2026
Merger, absorption, 01-07-2026
Dissolution, 01-07-2026
Accounting effect, 01-07-2026

05-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €-22k ▼100%

Net result drops to €-22k, the lowest in the series.

17-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2019net €4.60M ▲909%

Operating result €6.27M, net result €4.60M, both a record.

31-12

Financial Liquidity times 6current ratio 9.25

Current ratio from 1.60 to 9.25; short-term debt falls from €1.70M to €651k.

31-12

Financial Equity above €2MEq €4.71M ▲4060%

6 profitable years in a row build equity to €4.71M.

19-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

15-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Liquidity doublescurrent ratio 3.80

Current ratio from 1.63 to 3.80; short-term debt falls from €3.18M to €686k.

31-12

Financial Equity above €500kEq €557k ▲117%

4 profitable years in a row build equity to €557k.

20-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

Show earlier events

2021

29-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Liquidity times 35current ratio 5.07

Current ratio from 0.15 to 5.07; short-term debt falls from €2.57M to €1.21M.

31-12

Financial Equity above €2MEq €2.65M ▲401%

2 profitable years in a row build equity to €2.65M.

31-01

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

11-04

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 70 days late

2018

12-01

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

07-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 157 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

2,250 m²

Building footprint

299 m²

Volume, LiDAR

3,149 m³

Parcel 21616A0043/00X005, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21616A0043/00X005	Brussels	2,250 m²	1 · 299 m²	14.7 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Acquisitions and mergers

1 transaction

Taken over by:HEADVITAM

BE 0642.522.951merger by absorption · State Gazette act of 11-09-2026 · effective 01-07-2026

Recognitions · licences · registrations

Legal Entity Identifier

5493005UZUCUWL1VFQ09

live in the LEI register