Summary
ROSCAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €24.78M and a net result of €2.84M. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 2399 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
11 d early
2021
31 d late
2020
30 d late
2019
53 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€24.78M▲ 13.0%
2024 · €21.94M
2018: €17.54Mlowest in 8 years
2019: €18.06M▲ +3.0% vs 2018
2020: €18.17M▲ +0.6% vs 2019
2021: €19.53M▲ +7.5% vs 2020
2022: €20.73M▲ +6.2% vs 2021
2023: €21.14M▲ +1.9% vs 2022
2024: €21.94M▲ +3.8% vs 2023
2025: €24.78M▲ +13.0% vs 2024highest in 8 years
2018 → 2025
Net result
€2.84M▲ 255%
2024 · €801k
2018: €-460klowest in 8 years
2019: €527k▲ +215% vs 2018
2020: €108k▼ -79.5% vs 2019
2021: €1.36M▲ +1154% vs 2020
2022: €1.21M▼ -11.1% vs 2021
2023: €402k▼ -66.7% vs 2022
2024: €801k▲ +99.3% vs 2023
2025: €2.84M▲ +255% vs 2024highest in 8 years
2018 → 2025
Total assets
€27.25M▲ 11.9%
2024 · €24.34M
2018: €19.17Mlowest in 8 years
2019: €21.12M▲ +10.1% vs 2018
2020: €20.80M▼ -1.5% vs 2019
2021: €22.27M▲ +7.1% vs 2020
2022: €23.32M▲ +4.7% vs 2021
2023: €23.82M▲ +2.1% vs 2022
2024: €24.34M▲ +2.2% vs 2023
2025: €27.25M▲ +11.9% vs 2024highest in 8 years
2018 → 2025
Solvency
90.9%▲ 0.8pp
2024 · 90.1%
2018: 91.5%highest in 8 years
2019: 85.5%▼ -6.5% vs 2018lowest in 8 years
2020: 87.4%▲ +2.1% vs 2019
2021: 87.7%▲ +0.4% vs 2020
2022: 88.9%▲ +1.4% vs 2021
2023: 88.7%▼ -0.2% vs 2022
2024: 90.1%▲ +1.5% vs 2023
2025: 90.9%▲ +0.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19.53M-€20.73M▲ 6.2%€21.14M▲ 1.9%€21.94M▲ 3.8%€24.78M▲ 13.0%
2021: €19.53Mlowest in 5 years
2022: €20.73M▲ +6.2% vs 2021
2023: €21.14M▲ +1.9% vs 2022
2024: €21.94M▲ +3.8% vs 2023
2025: €24.78M▲ +13.0% vs 2024highest in 5 years
Operating result€153k-€189k▲ 23.8%€156k▼ 17.4%€147k▼ 6.2%€32k▼ 78.5%
2021: €153k
2022: €189k▲ +23.8% vs 2021highest in 5 years
2023: €156k▼ -17.4% vs 2022
2024: €147k▼ -6.2% vs 2023
2025: €32k▼ -78.5% vs 2024lowest in 5 years
Net result€1.36M-€1.21M▼ 11.1%€402k▼ 66.7%€801k▲ 99.3%€2.84M▲ 255%
2021: €1.36M
2022: €1.21M▼ -11.1% vs 2021
2023: €402k▼ -66.7% vs 2022lowest in 5 years
2024: €801k▲ +99.3% vs 2023
2025: €2.84M▲ +255% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 78% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.25M
Fixed assets
€9.14M ▲ 17.0%
Current assets
€18.11M ▲ 9.5%
Equity and liabilities €27.25M
Equity
€24.78M ▲ 13.0%
Debt
€2.47M ▲ 2.4%
Debt's share of the balance-sheet total falls from 9.9% to 9.1%. Equity and debt are higher.
Key figures and ratios
ROE
11.5%▲
2024 · 3.6%
ROA
10.4%▲
2024 · 3.3%
Debt ≤ 1 year
€795k▼
2024 · €798k
Debt > 1 year
€1.52M▲
2024 · €1.43M
Income taxes
€733k▲
2024 · €177k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24.34M€27.25M▲
Fixed assets21/28€7.81M€9.14M▲
Tangible fixed assets22/27€199k€175k▼
Land and buildings22€13k€15k▲
Furniture and vehicles24€186k€161k▼
Financial fixed assets28€7.61M€8.96M▲
Current assets29/58€16.54M€18.11M▲
Amounts receivable within one year40/41€5.46M€4.97M▼
Trade receivables40€62k€22k▼
Other amounts receivable41€5.39M€4.95M▼
Current investments50/53€10.13M€12.40M▲
Cash at bank and in hand54/58€822k€554k▼
Deferred charges and accrued income490/1€132k€190k▲
Equity and liabilities
Total equity and liabilities10/49€24.34M€27.25M▲
Equity10/15€21.94M€24.78M▲
Contributions10/11€2.84M€2.84M=
Capital10€2.84M€2.84M=
Issued capital100€2.84M€2.84M=
Reserves13€4.68M€7.52M▲
Non-distributable reserves130/1€284k€284k=
Legal reserve130€284k€284k=
Distributable reserves133€4.40M€7.24M▲
Profit (loss) carried forward14€14.42M€14.42M=
Amounts payable17/49€2.41M€2.47M▲
Amounts payable after more than one year17€1.43M€1.52M▲
Other amounts payable178/9€1.43M€1.52M▲
Amounts payable within one year42/48€798k€795k▼
Financial debts43-€60
Other loans439-€60
Trade debts44€16k€14k▼
Suppliers440/4€16k€14k▼
Taxes, remuneration and social security45€109k€72k▼
Taxes450/3€109k€50k▼
Remuneration and social security454/9-€22k
Other amounts payable47/48€672k€709k▲
Accrued charges and deferred income492/3€177k€151k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€176k€61k▼
Operating profit (loss)9901€147k€32k▼
Financial income75/76B€1.03M€3.70M▲
Recurring financial income75€1.03M€3.70M▲
Financial charges65/66B€195k€159k▼
Recurring financial charges65€195k€159k▼
Profit (loss) for the period before taxes9903€977k€3.58M▲
Income taxes67/77€177k€733k▲
Profit (loss) for the period9904€801k€2.84M▲
Profit (loss) for the period to be appropriated9905€801k€2.84M▲
Appropriation of the result
Profit (loss) to be appropriated9906€15.22M€17.26M▲
Profit (loss) brought forward from the previous period14P€14.42M€14.42M=
Transfer to equity691/2€801k€2.84M▲
To other reserves6921€801k€2.84M▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €18k | €27k | €27k | ▲ 1.3% |
| Other operating charges640/8 | €3k | €2k | €5k | €2k | €2k | ▲ 5.4% |
| Gross operating margin9900 | €161k | €197k | €179k | €176k | €61k | ▼ 65.1% |
| Operating profit (loss)9901 | €153k | €189k | €156k | €147k | €32k | ▼ 78.5% |
| Financial income75/76B | €1.53M | €1.37M | €538k | €1.03M | €3.70M | ▲ 261% |
| Recurring financial income75 | €1.53M | €1.37M | €538k | €1.03M | €3.70M | ▲ 261% |
| Financial charges65/66B | €97k | €142k | €142k | €195k | €159k | ▼ 18.6% |
| Recurring financial charges65 | €97k | €142k | €142k | €195k | €159k | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | €1.59M | €1.42M | €553k | €977k | €3.58M | ▲ 266% |
| Income taxes67/77 | €231k | €215k | €151k | €177k | €733k | ▲ 314% |
| Profit (loss) for the period9904 | €1.36M | €1.21M | €402k | €801k | €2.84M | ▲ 255% |
| Profit (loss) for the period to be appropriated9905 | €1.36M | €1.21M | €402k | €801k | €2.84M | ▲ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22.27M | €23.32M | €23.82M | €24.34M | €27.25M | ▲ 11.9% |
| Fixed assets21/28 | €1.49M | €7.44M | €7.69M | €7.81M | €9.14M | ▲ 17.0% |
| Tangible fixed assets22/27 | €34k | €29k | €226k | €199k | €175k | ▼ 11.8% |
| Land and buildings22 | €19k | €17k | €15k | €13k | €15k | ▲ 12.2% |
| Furniture and vehicles24 | €15k | €11k | €211k | €186k | €161k | ▼ 13.5% |
| Financial fixed assets28 | €1.45M | €7.42M | €7.46M | €7.61M | €8.96M | ▲ 17.8% |
| Current assets29/58 | €20.78M | €15.87M | €16.13M | €16.54M | €18.11M | ▲ 9.5% |
| Amounts receivable within one year40/41 | €5.79M | €5.35M | €5.68M | €5.46M | €4.97M | ▼ 8.9% |
| Trade receivables40 | €12k | €21k | €46k | €62k | €22k | ▼ 64.5% |
| Other amounts receivable41 | €5.77M | €5.33M | €5.63M | €5.39M | €4.95M | ▼ 8.3% |
| Current investments50/53 | €13.12M | €9.97M | €10.19M | €10.13M | €12.40M | ▲ 22.5% |
| Cash at bank and in hand54/58 | €1.87M | €549k | €254k | €822k | €554k | ▼ 32.6% |
| Deferred charges and accrued income490/1 | €10k | €6k | €0 | €132k | €190k | ▲ 43.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22.27M | €23.32M | €23.82M | €24.34M | €27.25M | ▲ 11.9% |
| Equity10/15 | €19.53M | €20.73M | €21.14M | €21.94M | €24.78M | ▲ 13.0% |
| Contributions10/11 | €2.84M | €2.84M | €2.84M | €2.84M | €2.84M | = |
| Capital10 | €2.84M | €2.84M | €2.84M | €2.84M | €2.84M | = |
| Issued capital100 | €2.84M | €2.84M | €2.84M | €2.84M | €2.84M | = |
| Reserves13 | €2.27M | €3.48M | €3.88M | €4.68M | €7.52M | ▲ 60.8% |
| Non-distributable reserves130/1 | €284k | €284k | €284k | €284k | €284k | = |
| Legal reserve130 | €284k | €284k | €284k | €284k | €284k | = |
| Distributable reserves133 | €1.99M | €3.19M | €3.60M | €4.40M | €7.24M | ▲ 64.7% |
| Profit (loss) carried forward14 | €14.42M | €14.42M | €14.42M | €14.42M | €14.42M | = |
| Amounts payable17/49 | €2.74M | €2.58M | €2.68M | €2.41M | €2.47M | ▲ 2.4% |
| Amounts payable after more than one year17 | €1.67M | €1.72M | €1.76M | €1.43M | €1.52M | ▲ 6.1% |
| Other amounts payable178/9 | €1.67M | €1.72M | €1.76M | €1.43M | €1.52M | ▲ 6.1% |
| Amounts payable within one year42/48 | €968k | €771k | €779k | €798k | €795k | ▼ 0.4% |
| Financial debts43 | - | - | - | - | €60 | - |
| Other loans439 | - | - | - | - | €60 | - |
| Trade debts44 | €2k | €289 | €34k | €16k | €14k | ▼ 17.5% |
| Suppliers440/4 | €2k | €289 | €34k | €16k | €14k | ▼ 17.5% |
| Taxes, remuneration and social security45 | €141k | €131k | €92k | €109k | €72k | ▼ 34.4% |
| Taxes450/3 | €141k | €131k | €92k | €109k | €50k | ▼ 54.1% |
| Remuneration and social security454/9 | - | - | - | - | €22k | - |
| Other amounts payable47/48 | €825k | €639k | €653k | €672k | €709k | ▲ 5.5% |
| Accrued charges and deferred income492/3 | €105k | €92k | €136k | €177k | €151k | ▼ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.36M | €1.21M | €402k | €801k | €2.84M | ▲ 255% |
| + Depreciation and write-downs630 | €5k | €6k | €18k | €27k | €27k | ▲ 1.3% |
| Operating cash flow (approximation) | €1.36M | €1.21M | €419k | €828k | €2.87M | ▲ 247% |
| Investment in fixed assets (approximation) | - | €-5.96M | €-262k | €-147k | €-1.36M | ▼ 822% |
| Change in cash | - | €-1.32M | €-295k | €568k | €-268k | ▼ 147% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €2.84M ▲255%
Net result €2.84M, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €527k
Net result €527k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
18-07
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 5 acts read
About the unread acts
We know of 5 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
5 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, Ledegem · 1 establishment unit since 2001
Ground area
1,647 m²
Building footprint
268 m²
Volume, LiDAR
1,258 m³
Parcel 36010A0590/00C000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Denderbellestraat 3, 8880 Ledegem
since 20012.116.318.284
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010A0590/00C000 | Flanders | 1,647 m² | 1 · 268 m² | 9.4 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500NMTRMV6DWT6828
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 3,870 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.