Ross&Associate
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00387355.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is €7,112, against a loss of €3,793 in 2023. Comparable figures for the intervening years are unavailable.
Investments
| Item | 2021 | 2023 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €30,513 | - |
| Depreciation and write-downs of the year | €358 | €4,050 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €56,090 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €52,382 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €1,669 | -€21,266 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,369 | €5,466 | €2,054 | €358 | €4,050 | - | - |
| Other operating charges640/8 | - | - | - | €379 | €3,181 | €12,838 | - |
| Gross operating margin9900 | €105,459 | €20,768 | -€61,180 | -€22,710 | €5,108 | -€1,316 | - |
| Operating profit (loss)9901 | €86,913 | €5,088 | -€64,068 | -€23,447 | -€3,793 | €7,112 | - |
| Financial charges65/66B | - | - | - | €163 | €330 | €174 | - |
| Recurring financial charges65 | €686 | €296 | €436 | €163 | €330 | €174 | - |
| Profit (loss) for the period before taxes9903 | €86,227 | €4,792 | -€64,504 | -€23,609 | -€4,123 | €6,938 | - |
| Income taxes67/77 | €20,720 | €1,700 | -€3,668 | - | - | €10,649 | - |
| Profit (loss) for the period9904 | €65,507 | €3,092 | -€60,836 | -€23,609 | -€4,123 | -€3,711 | - |
| Profit (loss) for the period to be appropriated9905 | €65,507 | €3,092 | -€60,836 | -€23,609 | -€4,123 | -€3,711 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €315,221 | €317,214 | €247,287 | €215,843 | €217,679 | €299,203 | - |
| Fixed assets21/28 | €10,221 | €4,782 | €2,728 | €2,370 | €28,475 | - | - |
| Tangible fixed assets22/27 | €9,641 | €4,202 | €2,148 | €1,790 | €27,895 | - | - |
| Furniture and vehicles24 | - | - | - | - | €26,821 | - | - |
| Other tangible fixed assets26 | - | - | - | €1,790 | €1,074 | - | - |
| Financial fixed assets28 | €580 | €580 | €580 | €580 | €580 | - | - |
| Current assets29/58 | €305,000 | €312,432 | €244,559 | €213,473 | €189,204 | €299,203 | - |
| Amounts receivable within one year40/41 | €18,039 | €18,711 | €1,360 | €4,289 | €126,766 | €119,435 | - |
| Trade receivables40 | - | - | - | €2,644 | €57,627 | - | - |
| Other amounts receivable41 | - | - | - | €1,645 | €69,139 | €119,435 | - |
| Cash at bank and in hand54/58 | €284,371 | €292,811 | €243,199 | €209,184 | €62,438 | €179,768 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €315,221 | €317,214 | €247,287 | €215,843 | €217,679 | €299,203 | - |
| Equity10/15 | €297,197 | €300,289 | €239,453 | €215,843 | €191,062 | €299,203 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | - |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | - |
| Share premium1100/10 | - | - | - | €18,600 | €18,600 | €18,600 | - |
| Reserves13 | €105,385 | €105,385 | €105,385 | €105,385 | €105,385 | €105,385 | - |
| Non-distributable reserves130/1 | - | - | - | €105,385 | €105,385 | €105,385 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - |
| Other1319 | - | - | - | €103,525 | €103,525 | €103,525 | - |
| Profit (loss) carried forward14 | €173,212 | €176,304 | €115,468 | €91,858 | €67,077 | €175,218 | - |
| Amounts payable17/49 | €18,024 | €16,925 | €7,834 | - | €26,617 | - | - |
| Amounts payable within one year42/48 | €18,024 | €16,925 | €7,834 | - | €26,617 | - | - |
| Trade debts44 | €1,876 | €566 | €194 | - | €4,410 | - | - |
| Suppliers440/4 | - | - | - | - | €4,410 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €22,206 | - | - |
| Taxes450/3 | - | - | - | - | €22,206 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,507 | €3,092 | -€60,836 | -€23,609 | -€4,123 | -€3,711 | - |
| + Depreciation and write-downs630 | €6,369 | €5,466 | €2,054 | €358 | €4,050 | - | - |
| Operating cash flow (approximation) | €71,876 | €8,558 | -€58,782 | -€23,251 | -€73 | -€3,711 | - |
| Investment in fixed assets (approximation) | - | -€27 | €0 | €0 | - | - | - |
| Change in cash | - | €8,440 | -€49,612 | -€34,015 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as Ross&Associate has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Ross&Associate itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for Ross&Associate. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-08-2026 | 2026-00387355 | |
| 31-12-2023 | micro format | 30-01-2025 | 2025-00021477 | |
| 31-12-2021 | micro format | 04-11-2023 | 2023-00505520 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28300390 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50100528 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-47100159 | |
| 31-12-2017 | micro format | 11-09-2018 | 2018-62600534 | |
| 31-12-2016 | micro format | 07-09-2017 | 2017-60500308 | |
| 31-12-2015 | full format | 23-09-2016 | 2016-61700013 |