ROSSEELS
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 07-10-2024, 160 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2023
160 d late
2022
31 d late
2021
122 d late
2020
138 d late
2019
29 d early
2018
50 d late
2017
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 72 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€65,349▲ 14.8%
2022 · €56,909
Total assets
€232,621▲ 5.3%
2022 · €221,015
Net result
€8,440▲ 32.4%
2022 · €6,374
Working capital
-€9,677▲ 32.3%
2022 · -€14,284
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€3,296▼ 45.8%-€19,021-€6,309▲ 66.8%€9,720€10,802▲ 11.1%
Net result-€28▲ 99.3%-€16,175▼ 57,938%-€9,887▲ 38.9%€6,374€8,440▲ 32.4%
Equity€76,598=€60,422▼ 21.1%€50,535▼ 16.4%€56,909▲ 12.6%€65,349▲ 14.8%
Total assets€245,757▼ 0.7%€226,714▼ 7.7%€215,714▼ 4.9%€221,015▲ 2.5%€232,621▲ 5.3%
Debt€169,160▼ 1.0%€166,292▼ 1.7%€165,179▼ 0.7%€164,105▼ 0.6%€167,272▲ 1.9%
Working capital-€27,259▲ 24.1%-€12,253▲ 55.0%-€19,155▼ 56.3%-€14,284▲ 25.4%-€9,677▲ 32.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 11% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €232,621
Fixed assets
€176,722 ▼ 3.4%
Current assets
€55,899 ▲ 46.7%
Equity and liabilities €232,621
Equity
€65,349 ▲ 14.8%
Debt
€167,272 ▲ 1.9%
Debt's share of the balance-sheet total falls from 74.3% to 71.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,360▼
2022 · €20,742
Cash flow
€16,998▼
2022 · €17,395
Current ratio
0.85▲
2022 · 0.73
Quick ratio
0.77▲
2022 · 0.60
Debt to equity
2.56▼
2022 · 2.88
ROE
12.9%▲
2022 · 11.2%
ROA
3.6%▲
2022 · 2.9%
Interest coverage
8.57▲
2022 · 6.49
Debt ≤ 1 year
€65,576▲
2022 · €52,380
Debt > 1 year
€101,696▼
2022 · €111,726
Income taxes
€102▼
2022 · €149
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,792 | €12,702 | €11,718 | €11,022 | €8,558 | ▼ 22.4% |
| Other operating charges640/8 | - | - | €1,289 | €1,393 | €1,701 | ▲ 22.1% |
| Non-recurring operating charges66A | - | - | - | - | €264 | - |
| Gross operating margin9900 | €21,074 | -€4,656 | €6,698 | €22,135 | €21,325 | ▼ 3.7% |
| Operating profit (loss)9901 | €3,296 | -€19,021 | -€6,309 | €9,720 | €10,802 | ▲ 11.1% |
| Financial income75/76B | - | - | €8 | €0 | - | - |
| Recurring financial income75 | €515 | - | €8 | €0 | - | - |
| Financial charges65/66B | - | - | €3,440 | €3,197 | €2,260 | ▼ 29.3% |
| Recurring financial charges65 | €3,777 | €3,908 | €3,440 | €3,197 | €2,260 | ▼ 29.3% |
| Profit (loss) for the period before taxes9903 | €34 | -€16,049 | -€9,741 | €6,523 | €8,542 | ▲ 30.9% |
| Income taxes67/77 | €62 | €126 | €146 | €149 | €102 | ▼ 31.7% |
| Profit (loss) for the period9904 | -€28 | -€16,175 | -€9,887 | €6,374 | €8,440 | ▲ 32.4% |
| Profit (loss) for the period to be appropriated9905 | -€28 | -€16,175 | -€9,887 | €6,374 | €8,440 | ▲ 32.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €245,757 | €226,714 | €215,714 | €221,015 | €232,621 | ▲ 5.3% |
| Fixed assets21/28 | €214,200 | €202,159 | €190,441 | €182,919 | €176,722 | ▼ 3.4% |
| Tangible fixed assets22/27 | €214,200 | €202,159 | €190,441 | €182,919 | €176,722 | ▼ 3.4% |
| Land and buildings22 | - | - | €186,751 | €180,250 | €172,364 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | - | €3,162 | €2,371 | €3,679 | ▲ 55.2% |
| Furniture and vehicles24 | - | - | €528 | €298 | €679 | ▲ 128% |
| Current assets29/58 | €31,558 | €24,555 | €25,273 | €38,096 | €55,899 | ▲ 46.7% |
| Stocks and contracts in progress3 | €6,756 | €4,970 | €2,849 | €6,449 | €5,233 | ▼ 18.9% |
| Stocks30/36 | - | - | €2,849 | €6,449 | €5,233 | ▼ 18.9% |
| Amounts receivable within one year40/41 | €12,883 | €9,441 | €15,171 | €12,908 | €9,355 | ▼ 27.5% |
| Trade receivables40 | - | - | €14,953 | €11,874 | €8,461 | ▼ 28.7% |
| Other amounts receivable41 | - | - | €218 | €1,034 | €894 | ▼ 13.5% |
| Cash at bank and in hand54/58 | €11,534 | €9,655 | €6,886 | €18,728 | €41,090 | ▲ 119% |
| Deferred charges and accrued income490/1 | - | - | €367 | €10 | €221 | ▲ 2,103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €245,757 | €226,714 | €215,714 | €221,015 | €232,621 | ▲ 5.3% |
| Equity10/15 | €76,598 | €60,422 | €50,535 | €56,909 | €65,349 | ▲ 14.8% |
| Contributions10/11 | €6,205 | - | €6,205 | €6,205 | €6,205 | = |
| Reserves13 | €70,392 | €54,217 | €44,330 | €50,704 | €50,704 | = |
| Non-distributable reserves130/1 | - | - | €1,916 | €1,916 | €1,916 | = |
| Reserves not available under the articles1311 | - | - | €1,916 | €1,916 | €1,916 | = |
| Distributable reserves133 | - | - | €42,414 | €48,788 | €48,788 | = |
| Profit (loss) carried forward14 | - | - | - | - | €8,440 | - |
| Amounts payable17/49 | €169,160 | €166,292 | €165,179 | €164,105 | €167,272 | ▲ 1.9% |
| Amounts payable after more than one year17 | €110,343 | €129,483 | €120,750 | €111,726 | €101,696 | ▼ 9.0% |
| Financial debts170/4 | - | - | €102,014 | €96,383 | €96,383 | = |
| Other amounts payable178/9 | - | - | €18,736 | €15,343 | €5,313 | ▼ 65.4% |
| Amounts payable within one year42/48 | €58,817 | €36,808 | €44,429 | €52,380 | €65,576 | ▲ 25.2% |
| Current portion of amounts payable after more than one year42 | - | - | €5,486 | €5,631 | €1,421 | ▼ 74.8% |
| Financial debts43 | - | - | - | - | €1,161 | - |
| Credit institutions430/8 | - | - | - | - | €1,161 | - |
| Trade debts44 | €2,577 | €3,836 | €11,978 | €6,377 | €3,145 | ▼ 50.7% |
| Suppliers440/4 | - | - | €11,978 | €6,377 | €3,145 | ▼ 50.7% |
| Taxes, remuneration and social security45 | - | - | €3,125 | €5,673 | €7,413 | ▲ 30.7% |
| Taxes450/3 | - | - | €3,125 | €5,673 | €7,413 | ▲ 30.7% |
| Other amounts payable47/48 | - | - | €23,841 | €34,699 | €52,436 | ▲ 51.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28 | -€16,175 | -€9,887 | €6,374 | €8,440 | ▲ 32.4% |
| + Depreciation and write-downs630 | €13,792 | €12,702 | €11,718 | €11,022 | €8,558 | ▼ 22.4% |
| Operating cash flow (approximation) | €13,764 | -€3,473 | €1,831 | €17,395 | €16,998 | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | -€662 | €0 | -€3,500 | -€2,361 | ▲ 32.5% |
| Change in cash | - | -€1,880 | -€2,769 | €11,843 | €22,362 | ▲ 88.8% |
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
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 160 days late
2023
30-09
Financial
Highest result since 2018net €8,440 ▲32.4%
Operating result €10,802, net result €8,440, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €6,374
Net result €6,374 after 4 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 138 days late
2020
31-12
Financial
Weakest financial yearnet -€16,175
Net result drops to -€16,175, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
16-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Structure & network
Owners and holdings
1 ownerChain of control
- HEYVAERT
- ROSSEELS
Highest known parent: HEYVAERT. The sources do not say who stands above it.
Owners 1
- HEYVAERTparentSourceaccounts HEYVAERT 2022100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.