ROSEN Charles
ActiveROSEN Charles has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512k and a net result of €-19k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 820 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy▲ +21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.94 against 3.82 in 2024), and 20.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
79.5%
Return on assets
-3%
Age of the figures
17 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€19k
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-01-2026, 71 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
71 d late
2024
28 d late
2023
30 d late
2022
28 d late
2021
16 d late
2020
6 d late
2019
15 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-19k▲ 28.9%
2024 · €-27k
2019: €94k
2020: €25k
2021: €20k
2022: €19k
2023: €53k
2024: €-27k
2019 → 2025
Working capital
€460k▼ 4.7%
2024 · €483k
2019: €387k
2020: €413k
2021: €414k
2022: €422k
2023: €498k
2024: €483k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€489k-€508k▲ 3.8%€560k▲ 10.2%€532k▼ 5.0%€512k▼ 3.8%
Operating result€23k-€22k▼ 5.0%€81k▲ 275%€-29k€-17k▲ 41.0%
Net result€20k-€19k▼ 1.5%€53k▲ 172%€-27k€-19k▲ 28.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €29k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €644k
Fixed assets
€67k▲ 37.0%
Current assets
€577k▼ 11.8%
Equity and liabilities €644k
Equity
€512k▼ 3.8%
Debt
€132k▼ 22.7%
The debt ratio falls from 24.3% to 20.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€10k▲
2024 · €-3k
Cash flow
€8k▲
2024 · €-1k
Solvency
79.5%▲
2024 · 75.7%
Current ratio
4.94▲
2024 · 3.82
Quick ratio
3.30▲
2024 · 2.59
Debt / equity
0.26▼
2024 · 0.32
ROE
-3.7%▲
2024 · -5.1%
ROA
-3.0%▲
2024 · -3.8%
Interest coverage
2.87▲
2024 · -0.94
Debt
€132k▼
2024 · €171k
Debt ≤ 1 year
€117k▼
2024 · €171k
Debt > 1 year
€15k
Income taxes
€584▲
2024 · €583
Staff costs
€215k▼
2024 · €217k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€703k€644k▼
Fixed assets21/28€49k€67k▲
Tangible fixed assets22/27€49k€67k▲
Land and buildings22€14k€11k▼
Plant, machinery and equipment23€12k€17k▲
Furniture and vehicles24€22k€14k▼
Leasing and similar rights25-€24k
Other tangible fixed assets26€2k€1k▼
Current assets29/58€654k€577k▼
Stocks and contracts in progress3€211k€191k▼
Stocks30/36€138k€122k▼
Contracts in progress37€74k€69k▼
Amounts receivable within one year40/41€362k€296k▼
Trade receivables40€307k€231k▼
Other amounts receivable41€55k€65k▲
Current investments50/53€144-
Cash at bank and in hand54/58€80k€78k▼
Deferred charges and accrued income490/1€1k€11k▲
Equity and liabilities
Total equity and liabilities10/49€703k€644k▼
Equity10/15€532k€512k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€430k€411k▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€420k€401k▼
Investment grants15€2k€882▼
Amounts payable17/49€171k€132k▼
Amounts payable after more than one year17-€15k
Financial debts170/4-€15k
Amounts payable within one year42/48€171k€117k▼
Current portion of amounts payable after more than one year42-€7k
Trade debts44€121k€75k▼
Suppliers440/4€121k€75k▼
Advances received on contracts in progress46€8k€681▼
Taxes, remuneration and social security45€26k€18k▼
Taxes450/3€5k€5k▼
Remuneration and social security454/9€20k€13k▼
Other amounts payable47/48€17k€17k▲
Income statement
Code20242025
Non-recurring operating income76A€300€4k▲
Remuneration, social security and pensions62€217k€215k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€27k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k-
Other operating charges640/8€11k€22k▲
Gross operating margin9900€223k€247k▲
Operating profit (loss)9901€-29k€-17k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-26k€-19k▲
Transfer from deferred taxes780€185-
Income taxes67/77€583€584▲
Profit (loss) for the period9904€-27k€-19k▲
Transfer from tax-exempt reserves789€315-
Profit (loss) for the period to be appropriated9905€-27k€-19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-19k▲
Transfer from equity791/2€27k€19k▼
Social balance
Average headcount (FTE)90874.84.1▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 71 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
31-03
Financial
Weakest financial yearnet €-27k ▼151%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
31-03
Financial
Equity above €500kEq €508k ▲3.8%
4 profitable years in a row build equity to €508k.
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 15 days late
2018
09-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 9 days late
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waimes · 1 establishment unit since 1992
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.
Rue du Bac 234950 WaimesGround area
412 m²
Building footprint
133 m²
Volume, LiDAR
1,049 m³
Parcel 63080G0125/00L000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Bac 23, 4950 Waimes
since 19922.057.289.232
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080G0125/00L000 | Wallonia | 412 m² | 1 · 132 m² | 10.2 m · 3 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.
Similar companies · same sector, comparable size
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FREMONTA
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Bert Vandamme
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DNS AANNEMINGEN
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Retie · Eq €511k
Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 9,048 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-06-1991
Fiscal year end31-03
Activities, NACEBEL
41001General construction of residential buildings
43331Floor and wall tiling
45211
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.