ROSAS
ActiveSummary
ROSAS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €551,670 and a net result of €70,574. Equity is shrinking by ~29.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 42% of 913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-30
Solvency48▲+14
Growth69=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 3.19 against 4.39 in 2024; short-term debt: 29.8% and cash: 52.1% of total assets), but 77.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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 2025Solvency, return and age of the figures
Solvency
22.8%
Return on assets
2.9%
Age of the figures
9 mo
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
87 d early
2023
37 d early
2022
87 d early
2021
110 d early
2020
39 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 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 (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 oldest company in Vorst, Arts, sports and recreation sector#5 company by total assets in Vorst, Arts, sports and recreation sector#5 company by equity in Vorst, Arts, sports and recreation sector
Turnover
€3.1m▲ 0.2%
2022 · €3.1m
EBIT margin
-3.6%▲ 9.1pp
2022 · -12.7%
Net result
€70,574▼ 88.3%
2024 · €602,271
Working capital
€1.6m▼ 60.1%
2024 · €3.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.6m▼ 13.8%€3.1m▲ 90.1%€3.1m▲ 0.2%
Operating result€43,113-€392,308-€111,400▲ 71.6%€622,587€102,720▼ 83.5%
Net result€14,276within the sector's middle half-€436,228below the sector's middle half-€138,629below the sector's middle half▲ 68.2%€602,271above the sector's middle half€70,574within the sector's middle half▼ 88.3%
EBIT margin2.7%▲ 9.8pp-12.7%▼ 15.3pp-3.6%▲ 9.1pp
Equity€5.5mabove the sector's middle half=€17,454below the sector's middle half▼ 99.7%-€121,175below the sector's middle half€481,096within the sector's middle half€551,670within the sector's middle half▲ 14.7%
Total assets€6.7mabove the sector's middle half▼ 5.4%€8.3mabove the sector's middle half▲ 23.7%€6.8mabove the sector's middle half▼ 18.4%€5.2mabove the sector's middle half▼ 23.2%€2.4mabove the sector's middle half▼ 53.6%
Debt€1.1m▲ 18.6%€8.3m▲ 645%€6.8m▼ 17.9%€4.7m▼ 30.6%€1.9m▼ 60.5%
Working capital€5.6mabove the sector's middle half▼ 12.3%€101,927within the sector's middle half▼ 98.2%€5.9mabove the sector's middle half▲ 5,716%€3.9mabove the sector's middle half▼ 33.4%€1.6mabove the sector's middle half▼ 60.1%
Solvency82.3%above the sector's middle half▲ 4.4pp0.2%below the sector's middle half▼ 82.1pp-1.8%below the sector's middle half▼ 2.0pp9.2%within the sector's middle half▲ 11.0pp22.8%within the sector's middle half▲ 13.6pp
Current ratio11.25above the sector's middle half▲ 0.611.01within the sector's middle half▼ 10.238.63above the sector's middle half▲ 7.624.39above the sector's middle half▼ 4.233.19above the sector's middle half▼ 1.21
Return on assets (ROA)0.2%within the sector's middle half▲ 2.6pp-5.2%below the sector's middle half▼ 5.5pp-2.0%within the sector's middle half▲ 3.2pp11.6%above the sector's middle half▲ 13.6pp2.9%within the sector's middle half▼ 8.6pp
Staff (FTE)49above the sector's middle half▼ 7.7%48.6above the sector's middle half▼ 0.8%48.4above the sector's middle half▼ 0.4%42.2above the sector's middle half▼ 12.8%38.1above the sector's middle half▼ 9.7%
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 84% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€124,057 ▲ 22.9%
Current assets
€2.3m ▼ 55.1%
Equity and liabilities €2.4m
Equity
€551,670 ▲ 14.7%
Debt
€1.9m ▼ 60.5%
Debt's share of the balance-sheet total falls from 90.8% to 77.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145,575▼
2024 · €661,993
Cash flow
€113,429▼
2024 · €641,677
Debt to equity
3.38▼
2024 · 9.83
ROE
12.8%▼
2024 · 125.2%
Interest coverage
3.63▼
2024 · 17.59
Debt ≤ 1 year
€720,345▼
2024 · €1.2m
Debt > 1 year
€640,136▼
2024 · €3.5m
Income taxes
€0
Staff costs
€2.9m▼
2024 · €3.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 4,678 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €4.5m | €6.8m | €5.6m | - | - | - |
| Turnover70 | €1.6m | €3.1m | €3.1m | - | - | - |
| Own construction capitalised72 | €506,507 | €1.3m | - | - | - | - |
| Other operating income74 | €351,517 | €257,399 | €257,803 | - | - | - |
| Non-recurring operating income76A | €169 | €670 | €49,246 | €3,544 | €5,273 | ▲ 48.8% |
| Operating charges60/66A | €4.4m | €7.1m | €5.8m | - | - | - |
| Services and other goods61 | €1.4m | €2.3m | €2.0m | - | - | - |
| Remuneration, social security and pensions62 | €3.0m | €3.6m | €3.6m | €3.2m | €2.9m | ▼ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €567,540 | €1.3m | €53,470 | €39,405 | €42,855 | ▲ 8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,011 | - | - | - | - |
| Other operating charges640/8 | €1,106 | €24,991 | €32,294 | €35,715 | €39,890 | ▲ 11.7% |
| Non-recurring operating charges66A | €983 | - | - | - | €37,545 | - |
| Gross operating margin9900 | - | - | - | €3.8m | €3.1m | ▼ 18.9% |
| Operating profit (loss)9901 | €43,113 | -€392,308 | -€111,400 | €622,587 | €102,720 | ▼ 83.5% |
| Financial income75/76B | €4,659 | €42 | €42,322 | €18,638 | €7,997 | ▼ 57.1% |
| Recurring financial income75 | €4,659 | €42 | €42,322 | €18,638 | €7,997 | ▼ 57.1% |
| Income from financial fixed assets750 | - | - | €76 | - | - | - |
| Income from current assets751 | - | - | €41,599 | - | - | - |
| Other financial income752/9 | €4,659 | €42 | €647 | - | - | - |
| Financial charges65/66B | €32,631 | €43,962 | €69,551 | €38,954 | €40,143 | ▲ 3.1% |
| Recurring financial charges65 | €32,631 | €38,480 | €37,334 | €37,643 | €40,143 | ▲ 6.6% |
| Debt charges650 | €9,216 | €21,967 | €30,740 | - | - | - |
| Other financial charges652/9 | €23,415 | €16,513 | €6,594 | - | - | - |
| Non-recurring financial charges66B | - | €5,482 | €32,218 | €1,310 | - | - |
| Profit (loss) for the period before taxes9903 | €15,141 | -€436,228 | -€138,629 | €602,271 | €70,574 | ▼ 88.3% |
| Income taxes67/77 | €865 | - | - | - | €0 | - |
| Taxes670/3 | €865 | - | - | - | - | - |
| Profit (loss) for the period9904 | €14,276 | -€436,228 | -€138,629 | €602,271 | €70,574 | ▼ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €14,276 | -€436,228 | -€138,629 | €602,271 | €70,574 | ▼ 88.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.7m | €8.3m | €6.8m | €5.2m | €2.4m | ▼ 53.6% |
| Fixed assets21/28 | €628,295 | €137,061 | €83,592 | €100,951 | €124,057 | ▲ 22.9% |
| Intangible fixed assets21 | €82,981 | €7,867 | €337 | - | €10,145 | - |
| Tangible fixed assets22/27 | €545,314 | €129,194 | €83,256 | €100,951 | €112,912 | ▲ 11.8% |
| Land and buildings22 | €453,929 | €56,555 | €33,548 | €17,628 | €8,657 | ▼ 50.9% |
| Plant, machinery and equipment23 | €91,385 | €72,639 | €49,708 | €83,323 | €104,255 | ▲ 25.1% |
| Financial fixed assets28 | - | - | - | - | €1,000 | - |
| Current assets29/58 | €6.1m | €8.2m | €6.7m | €5.1m | €2.3m | ▼ 55.1% |
| Amounts receivable after more than one year29 | €1.2m | €3.6m | €3.6m | €2.4m | €82,940 | ▼ 96.5% |
| Other amounts receivable291 | €1.2m | €3.6m | €3.6m | €2.4m | €82,940 | ▼ 96.5% |
| Amounts receivable within one year40/41 | €805,731 | €1.1m | €879,188 | €1.1m | €773,210 | ▼ 29.4% |
| Trade receivables40 | €629,581 | €397,444 | €491,211 | €810,792 | €361,428 | ▼ 55.4% |
| Other amounts receivable41 | €176,150 | €672,670 | €387,976 | €284,322 | €411,782 | ▲ 44.8% |
| Cash at bank and in hand54/58 | €4.1m | €3.5m | €2.2m | €1.6m | €1.3m | ▼ 19.8% |
| Deferred charges and accrued income490/1 | €35,234 | €19,283 | €64,885 | €45,878 | €179,309 | ▲ 291% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.7m | €8.3m | €6.8m | €5.2m | €2.4m | ▼ 53.6% |
| Equity10/15 | €5.5m | €17,454 | -€121,175 | €481,096 | €551,670 | ▲ 14.7% |
| Reserves13 | €412,758 | €412,758 | €412,758 | €412,758 | €412,758 | = |
| Profit (loss) carried forward14 | €40,924 | -€395,304 | -€533,933 | €68,339 | €138,912 | ▲ 103% |
| Investment grants15 | €5.1m | - | - | - | - | - |
| Provisions and deferred taxes16 | €74,779 | - | €95,944 | - | - | - |
| Provisions for liabilities and charges160/5 | €74,779 | - | €95,944 | - | - | - |
| Environmental obligations163 | - | - | €95,944 | - | - | - |
| Other liabilities and charges164/5 | €74,779 | - | - | - | - | - |
| Amounts payable17/49 | €1.1m | €8.3m | €6.8m | €4.7m | €1.9m | ▼ 60.5% |
| Amounts payable after more than one year17 | - | - | €5.8m | €3.5m | €640,136 | ▼ 81.7% |
| Other amounts payable178/9 | - | - | €5.8m | €3.5m | €640,136 | ▼ 81.7% |
| Amounts payable within one year42/48 | €542,072 | €8.1m | €776,964 | €1.2m | €720,345 | ▼ 38.1% |
| Financial debts43 | - | €7.1m | - | - | - | - |
| Credit institutions430/8 | - | €47,225 | - | - | - | - |
| Other loans439 | - | €7.0m | - | - | - | - |
| Trade debts44 | €251,039 | €479,204 | €511,256 | €910,424 | €449,805 | ▼ 50.6% |
| Suppliers440/4 | €251,039 | €479,204 | €511,256 | €910,424 | €449,805 | ▼ 50.6% |
| Advances received on contracts in progress46 | €11,442 | - | - | €1,822 | €5,133 | ▲ 182% |
| Taxes, remuneration and social security45 | €279,422 | €515,158 | €263,513 | €248,195 | €247,598 | ▼ 0.2% |
| Taxes450/3 | €15,707 | €165,518 | €170 | €9,478 | €4,799 | ▼ 49.4% |
| Remuneration and social security454/9 | €263,716 | €349,640 | €263,342 | €238,718 | €242,799 | ▲ 1.7% |
| Accrued charges and deferred income492/3 | €572,467 | €221,534 | €273,690 | €64,725 | €506,618 | ▲ 683% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,276 | -€436,228 | -€138,629 | €602,271 | €70,574 | ▼ 88.3% |
| + Depreciation and write-downs630 | €567,540 | €1.3m | €53,470 | €39,405 | €42,855 | ▲ 8.8% |
| Operating cash flow (approximation) | €581,817 | €911,243 | -€85,159 | €641,677 | €113,429 | ▼ 82.3% |
| Investment in fixed assets (approximation) | - | -€856,238 | -€1 | -€56,764 | -€65,961 | ▼ 16.2% |
| Change in cash | - | -€562,043 | -€1.3m | -€590,683 | -€310,594 | ▲ 47.4% |
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
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500,000Eq €551,670 ▲14.7%
2 profitable years in a row build equity to €551,670.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €602,271
Net result €602,271 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €481,096
Equity rises from -€121,175 to €481,096.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 9current ratio 8.63
Current ratio from 1.01 to 8.63; short-term debt falls from €8.1m to €776,964.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€436,228
Net result drops to -€436,228, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €14,276
Net result €14,276 after one loss-making year.
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 39 days late
Show earlier events
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 129 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Vorst · 2 establishment units since 2006
Ground area
1.0 ha
Building footprint
2,423 m²
Volume, LiDAR
22,893 m³
Parcel 21007A0085/00R003, Brussels · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
ROSAS
since 20062.154.462.347
Naftaweg 4, 2020 Antwerpen
since 20232.344.444.666
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0085/00R003 | Brussels | 1.0 ha | 1 · 2,423 m² | 14.8 m · 3 fl. |
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 · 10 entries · 9,429,552 EUR awarded · 9,171,031 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,768,191 EUR | 4,073,342 EUR |
| 2024 | 2 | 1,726,777 EUR | 1,725,293 EUR |
| 2023 | 4 | 1,833,898 EUR | 1,836,825 EUR |
| 2022 | 2 | 4,100,686 EUR | 1,535,571 EUR |
Schemes
European Union, budget
2024 · 1 entry · 241,376 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 241,376 EUR |
Projects
DANCEMAP - DANCEMAP: INNOVATION PATHWAYS AND POLICIES TO PROMOTE EUROPEAN DANCE HERITAGE AT HOME AND ABROAD
European research
1 project · 241,375 EUR EU contributionProgrammes
Projects
DanceMap: Innovation Pathways and Policies to Promote European Dance Heritage at Home and Abroad
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Of 6,734 companies in sector 93299 we hold annual accounts for 1,169. 592 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded07-11-1984
Fiscal year end31-12
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431663856
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.