ROTEC
ActiveSummary
ROTEC has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €64,557 and a net result of €176,391, of which €168,213 non-recurring income. Equity has been shrinking by about 49% per year since 2019. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 27% of 644 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-01-1999 Normal situation
- Activity
- Retail sale of electrical household appliances NACE 47540and 3 others
- Establishment units
- 2.090.061.869 3550 Heusden-Zolder, since 29-01-1999
- 2.135.925.053 3550 Heusden-Zolder, since 11-06-2003and 1 other
- Financial year end
- 28 February
- Peppol
- Reachable since 13-06-2025
Board and ownership
- OYEN Ronny Louis AlbertDirector · since 23-12-2022
- Holdings
- Shares in 1 company EXELLENT HEUSDEN
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €290,453
- ▲ 310%
- Turnover
- ≈ €1.5m
- estimated
- Profit
- €176,391
- Equity
- €64,557
- Total assets
- €572,600
- ▲ 59.3%
Score breakdownraises riskLiquidity: current ratio 1.55, cash €887Sector: Retail trade (NACE 47)lowers riskSize: total assets €572,600Founded in 1999Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 28% of them on solvency, 28% on liquidity, 96% on profitability and 95% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 28-02-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 24-08-2026 at the NBB all 27 filings
Every figure per financial year
The operating result for 2026 is a profit of €232,577, after a loss of €14,234 in 2025. It is the highest result since 2019.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 28-02-2022 | 28-02-2023 | 29-02-2024 | 28-02-2025 | 28-02-2026 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €707,915 | - | - | - | - |
| Carrying value of the mortgaged assets | €473,151 | - | - | - | - |
| Pledge on the business | €410,415 | - | - | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 28-02-2022 | 28-02-2023 | 29-02-2024 | 28-02-2025 | 28-02-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €15,070 | - | €9,990 | €33,462 | €8,670 |
| Depreciation and write-downs of the year | €78,347 | €73,134 | €56,651 | €43,813 | €33,490 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10 | - | - | €168,856 | €0 | - | €168,213 | - |
| Remuneration, social security and pensions62 | - | €12,326 | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,408 | €94,002 | €83,792 | €78,347 | €73,134 | €56,651 | €43,813 | €33,490 | ▼ 23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €46,708 | €179,678 | €94,767 | €0 | - | - |
| Other operating charges640/8 | - | €22,094 | - | €39,223 | €20,684 | €23,437 | €41,294 | €24,385 | ▼ 40.9% |
| Non-recurring operating charges66A | - | €291 | - | - | €9,400 | - | - | - | - |
| Gross operating margin9900 | €177,070 | €117,490 | €142,455 | €149,145 | €300,549 | €93,461 | €70,873 | €290,453 | ▲ 310% |
| Operating profit (loss)9901 | -€14,449 | -€11,223 | -€12,814 | -€15,133 | €17,653 | -€81,394 | -€14,234 | €232,577 | - |
| Financial income75/76B | - | €373 | - | €0 | €0 | €658 | €91 | €1,517 | ▲ 17× |
| Recurring financial income75 | €7,487 | €373 | €1 | €0 | €0 | €658 | €91 | €1,517 | ▲ 17× |
| Financial charges65/66B | - | €20,081 | - | €11,590 | €8,448 | €8,486 | €11,682 | €11,664 | ▼ 0.2% |
| Recurring financial charges65 | €22,856 | €20,081 | €15,824 | €11,590 | €8,448 | €8,486 | €11,682 | €11,664 | ▼ 0.2% |
| Non-recurring financial charges66B | - | - | - | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€29,818 | -€30,931 | -€28,637 | -€26,722 | €9,205 | -€89,222 | -€25,825 | €222,430 | - |
| Transfer to deferred taxes680 | - | - | - | - | - | - | - | €39,771 | - |
| Income taxes67/77 | - | €100 | €191 | €477 | €508 | €534 | €442 | €6,269 | ▲ 14× |
| Profit (loss) for the period9904 | -€29,818 | -€31,031 | -€28,828 | -€27,200 | €8,696 | -€89,755 | -€26,267 | €176,391 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €119,312 | - |
| Profit (loss) for the period to be appropriated9905 | -€29,818 | -€31,031 | -€28,828 | -€27,200 | €8,696 | -€89,755 | -€26,267 | €57,079 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.1m | €1.0m | €0.9m | €0.6m | €0.5m | €0.4m | €0.6m | ▲ 59.3% |
| Fixed assets21/28 | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 37.7% |
| Intangible fixed assets21 | €0.001m | €262 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 37.7% |
| Land and buildings22 | - | €0.6m | - | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 37.7% |
| Plant, machinery and equipment23 | - | €0.003m | - | €0.002m | €0.001m | €0.001m | €470 | €78 | ▼ 83.5% |
| Furniture and vehicles24 | - | €0.008m | - | €0.002m | €0.001m | €0 | €0 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | €0.03m | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0.01m | €0.01m | €0.009m | €0.009m | - | - | - | - | - |
| Current assets29/58 | €0.6m | €0.5m | €0.4m | €0.4m | €0.2m | €0.1m | €0.02m | €0.4m | ▲ 15× |
| Stocks and contracts in progress3 | €0.4m | €0.2m | €0.2m | €0.1m | €0.1m | €0 | - | - | - |
| Stocks30/36 | - | €0.2m | - | €0.1m | €0.1m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.2m | €0.2m | €0.04m | €0.04m | €0.02m | €0.4m | ▲ 18× |
| Trade receivables40 | - | €0.2m | - | €0.2m | €0.04m | €0.04m | €0.004m | €0.005m | ▲ 28.6% |
| Other amounts receivable41 | - | €440 | - | €0.001m | €0.005m | €0 | €0.02m | €0.4m | ▲ 21× |
| Current investments50/53 | €0.002m | €0.01m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.008m | €0.002m | €0.004m | €0.003m | €0.01m | €0.07m | €0.001m | €0.001m | ▼ 18.8% |
| Deferred charges and accrued income490/1 | - | €0.003m | - | €0.003m | €0.004m | €0.003m | €0.003m | €0.003m | ▲ 20.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.1m | €1.0m | €0.9m | €0.6m | €0.5m | €0.4m | €0.6m | ▲ 59.3% |
| Equity10/15 | €0.08m | €0.05m | €0.02m | -€0.005m | €0.004m | -€0.09m | -€0.1m | €0.06m | - |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.8m | ▲ 29.5% |
| Non-distributable reserves130/1 | - | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.1m | ▲ 12× |
| Distributable reserves133 | - | €0.6m | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 10.0% |
| Profit (loss) carried forward14 | -€0.7m | -€0.7m | -€0.7m | -€0.8m | -€0.8m | -€0.9m | -€0.9m | -€0.9m | = |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €0.04m | - |
| Deferred taxes168 | - | - | - | - | - | - | - | €0.04m | - |
| Amounts payable17/49 | €1.2m | €1.1m | €1.0m | €0.9m | €0.6m | €0.5m | €0.5m | €0.5m | ▼ 0.6% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.8m | €0.8m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 31.5% |
| Financial debts170/4 | - | €0.1m | - | €0.4m | €0.3m | €0.4m | €0.3m | €0.2m | ▼ 25.7% |
| Other amounts payable178/9 | - | €0.5m | - | €0.4m | €0.2m | €0.05m | €0.03m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.6m | €0.5m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 82.2% |
| Current portion of amounts payable after more than one year42 | - | €0.06m | - | €0.09m | €0.07m | €0.08m | €0.08m | €0.08m | ▲ 3.0% |
| Financial debts43 | - | €0.4m | - | - | - | - | - | €0.1m | - |
| Credit institutions430/8 | - | €0.4m | - | - | - | - | - | €0.1m | - |
| Trade debts44 | €0.04m | €0.01m | €0.004m | €327 | €0.003m | €0.002m | €0.003m | €469 | ▼ 83.9% |
| Suppliers440/4 | - | €0.01m | - | €327 | €0.003m | €0.002m | €0.003m | €469 | ▼ 83.9% |
| Taxes, remuneration and social security45 | - | €0.002m | - | €0.001m | €0.001m | €0.001m | €0.02m | €0.02m | ▲ 34.1% |
| Taxes450/3 | - | €0.002m | - | €0.001m | €0.001m | €0.001m | €0.02m | €0.02m | ▲ 34.1% |
| Other amounts payable47/48 | - | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | = |
| Accrued charges and deferred income492/3 | - | €0.01m | - | €0.003m | €0.003m | €0 | €0.001m | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,818 | -€31,031 | -€28,828 | -€27,200 | €8,696 | -€89,755 | -€26,267 | €176,391 | - |
| + Depreciation and write-downs630 | €97,408 | €94,002 | €83,792 | €78,347 | €73,134 | €56,651 | €43,813 | €33,490 | ▼ 23.6% |
| Operating cash flow (approximation) | €67,590 | €62,971 | €54,964 | €51,148 | €81,831 | -€33,105 | €17,545 | €209,881 | ▲ 12× |
| Investment in fixed assets (approximation) | - | -€10,644 | €21,512 | -€14,977 | €40,544 | -€9,990 | -€33,462 | €93,117 | - |
| Change in cash | - | -€6,419 | €2,468 | -€1,949 | €12,014 | €56,914 | -€70,376 | -€206 | ▲ 99.7% |
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, 2,613 companies had the same profile as ROTEC has now. Two years later, 97.3% were still going and 0.7% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of ROTEC itself: 0.4% 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 2,613 companies, not a prediction for ROTEC. 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.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 28-02-2026 | abbreviated format | 24-08-2026 | 2026-00418230 | |
| 28-02-2025 | micro format | 26-09-2025 | 2025-00505663 | |
| 29-02-2024 | micro format | 19-09-2024 | 2024-00465489 | |
| 28-02-2023 | micro format | 11-09-2023 | 2023-00443550 | |
| 28-02-2022 | micro format | 28-09-2022 | 2022-20444938 | |
| 28-02-2021 | abbreviated format | 27-08-2021 | 2021-56700228 | |
| 29-02-2020 | abbreviated format | 24-09-2020 | 2020-56200424 | |
| 28-02-2019 | abbreviated format | 08-10-2019 | 2019-68800028 | |
| 28-02-2018 | abbreviated format | 27-09-2018 | 2018-65000061 | |
| 28-02-2017 | abbreviated format | 26-09-2017 | 2017-62200457 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| OYEN Ronny Louis Albert |
|
| THEUNISSEN Severine |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director
Articles of association, deed of 01-03-2023 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
50.54%
Holdings through the years 2018 to 2022
| Name | 2018 | 2019 | 2021 | 2022 |
|---|---|---|---|---|
| EXELLENT HEUSDEN | 50.54% | |||
Source: list of holdings in its own accounts
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of ROTEC. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
28-06
Gazette deed
Resignations & appointmentsDirector in office: Ronny Oyen1 point ▸
- Director in office, Ronny Oyen
- The deed holds 1 more point.
01-03
Gazette deed
Change of role: OYEN Ronny Louis Albert, from director to sole directorResignation: THEUNISSEN Severine (director) · Director discharge: OYEN Ronny Louis Albert · Director discharge: THEUNISSEN Severine7 points ▸
- Director resignation, OYEN Ronny Louis Albert
- Director resignation, THEUNISSEN Severine
- Director resignation, OYEN Ronny Louis Albert (managing director)
- Director discharge, OYEN Ronny Louis Albert
- Director discharge, THEUNISSEN Severine
- Director appointment, OYEN Ronny Louis Albert (sole director (not named in the articles))
- Registered office clause, Koolmijnlaan 179, 3550 Heusden-Zolder
- The deed holds 3 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Dual-learning approval
4 endedEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71025A0109/00X003 | Flanders | 1,079 m² | 1 · 238 m² | 10.8 m · 1 |
| 71502B0039/00B000 | Flanders | 794 m² | 1 · 646 m² | 9.9 m · 3 |
| 71502B0040/00B003 | Flanders | 671 m² | 1 · 566 m² | 10.1 m · 1 |