ROVA
ActiveSummary
ROVA has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,445 and a net result of -€2,742. Equity is shrinking by ~17.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-83
Solvency64▲+26
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 19.94 against 1.45 in 2024; short-term debt: 5% and cash: 98.3% of total assets), but 60.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
39.2%
Return on assets
-1.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
37 d early
2023
6 d late
2022
12 d early
2021
20 d early
2020
58 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€76,445▼ 3.5%
2024 · €79,187
Total assets
€195,107▼ 67.3%
2024 · €596,928
Net result
-€2,742
2024 · €396,426
Working capital
€185,320▲ 0.6%
2024 · €184,274
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
Line20212022202320242025
Operating result€156,343▲ 21.9%€217▼ 99.9%-€113,495€564,523-€8,449
Net result€114,249▲ 22.6%€4,077▼ 96.4%-€109,883€396,426-€2,742
Equity€488,568▲ 30.5%€492,645▲ 0.8%€82,762▼ 83.2%€79,187▼ 4.3%€76,445▼ 3.5%
Total assets€824,750▲ 11.7%€870,980▲ 5.6%€455,723▼ 47.7%€596,928▲ 31.0%€195,107▼ 67.3%
Debt€335,724▼ 7.6%€377,939▲ 12.6%€372,626▼ 1.4%€412,101▲ 10.6%€9,786▼ 97.6%
Working capital€455,994▲ 13.6%€509,016▲ 11.6%-€18,747€184,274€185,320▲ 0.6%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8,449 after €564,523 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €195,107
Equity
€76,445 ▼ 3.5%
Provisions
€108,875 ▲ 3.1%
Debt
€9,786 ▼ 97.6%
Debt's share of the balance-sheet total falls from 69.0% to 5.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,449▼
2024 · €564,834
Cash flow
-€2,742▼
2024 · €396,737
Current ratio
19.94▲
2024 · 1.45
Debt to equity
0.13▼
2024 · 5.20
ROE
-3.6%▼
2024 · 500.6%
ROA
-1.4%▼
2024 · 66.4%
Interest coverage
-11.87▼
2024 · 182.68
Debt ≤ 1 year
€9,786▼
2024 · €412,101
Income taxes
-€2,623▼
2024 · €181,768
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,304 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €30,242 | €730,123 | €7 | ▼ 100.0% |
| Remuneration, social security and pensions62 | €87 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,990 | €14,576 | €8,765 | €311 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €11,247 | €3,085 | €15,234 | -€15,234 | ▼ 200% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €105,640 | €3,235 | ▼ 96.9% |
| Other operating charges640/8 | €4,416 | €4,263 | €30,214 | €34,303 | €120 | ▼ 99.7% |
| Gross operating margin9900 | €176,835 | €30,302 | -€71,432 | €720,011 | -€20,328 | ▼ 103% |
| Operating profit (loss)9901 | €156,343 | €217 | -€113,495 | €564,523 | -€8,449 | ▼ 101% |
| Financial income75/76B | €8,325 | €20,098 | €15,096 | €16,427 | €3,797 | ▼ 76.9% |
| Recurring financial income75 | €8,325 | €20,098 | €15,096 | €16,427 | €3,797 | ▼ 76.9% |
| Financial charges65/66B | €10,786 | €14,949 | €11,876 | €3,092 | €712 | ▼ 77.0% |
| Recurring financial charges65 | €10,786 | €14,949 | €11,876 | €3,092 | €712 | ▼ 77.0% |
| Profit (loss) for the period before taxes9903 | €153,882 | €5,367 | -€110,275 | €577,859 | -€5,364 | ▼ 101% |
| Transfer from deferred taxes780 | €61 | €61 | €61 | €335 | €0 | ▼ 100% |
| Income taxes67/77 | €39,693 | €1,351 | -€330 | €181,768 | -€2,623 | ▼ 101% |
| Profit (loss) for the period9904 | €114,249 | €4,077 | -€109,883 | €396,426 | -€2,742 | ▼ 101% |
| Transfer from tax-exempt reserves789 | €118 | €118 | €118 | €714 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €114,368 | €4,195 | -€109,765 | €397,140 | -€2,742 | ▼ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €824,750 | €870,980 | €455,723 | €596,928 | €195,107 | ▼ 67.3% |
| Fixed assets21/28 | €136,885 | €122,309 | €101,844 | €553 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €136,885 | €122,309 | €101,844 | €553 | €0 | ▼ 100% |
| Land and buildings22 | €117,760 | €109,364 | €100,980 | €0 | - | - |
| Plant, machinery and equipment23 | €476 | €0 | - | - | - | - |
| Furniture and vehicles24 | €18,649 | €12,945 | €864 | €553 | €0 | ▼ 100% |
| Current assets29/58 | €687,865 | €748,671 | €353,879 | €596,376 | €195,107 | ▼ 67.3% |
| Stocks and contracts in progress3 | €163,712 | €133,734 | €0 | - | - | - |
| Stocks30/36 | €67,815 | €52,030 | €0 | - | - | - |
| Contracts in progress37 | €95,897 | €81,705 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €213,112 | €245,470 | €73,275 | €24,796 | €3,315 | ▼ 86.6% |
| Trade receivables40 | €203,514 | €170,626 | €51,244 | €1,100 | €0 | ▼ 100% |
| Other amounts receivable41 | €9,597 | €74,845 | €22,031 | €23,696 | €3,315 | ▼ 86.0% |
| Current investments50/53 | - | - | - | €550,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €307,345 | €357,939 | €280,604 | €16,539 | €191,792 | ▲ 1,060% |
| Deferred charges and accrued income490/1 | €3,696 | €11,527 | €0 | €5,040 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €824,750 | €870,980 | €455,723 | €596,928 | €195,107 | ▼ 67.3% |
| Equity10/15 | €488,568 | €492,645 | €82,762 | €79,187 | €76,445 | ▼ 3.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €98,211 | €98,092 | €63,974 | €60,260 | €60,260 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €951 | €832 | €714 | €0 | - | - |
| Distributable reserves133 | €95,400 | €95,400 | €61,400 | €58,400 | €58,400 | = |
| Profit (loss) carried forward14 | €371,757 | €375,953 | €188 | €327 | -€2,415 | ▼ 838% |
| Provisions and deferred taxes16 | €457 | €396 | €335 | €105,640 | €108,875 | ▲ 3.1% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €108,875 | - |
| Other liabilities and charges164/5 | - | - | - | - | €108,875 | - |
| Deferred taxes168 | €457 | €396 | €335 | €105,640 | €0 | ▼ 100% |
| Amounts payable17/49 | €335,724 | €377,939 | €372,626 | €412,101 | €9,786 | ▼ 97.6% |
| Amounts payable after more than one year17 | €103,853 | €138,283 | €0 | - | - | - |
| Financial debts170/4 | €103,853 | €138,283 | €0 | - | - | - |
| Amounts payable within one year42/48 | €231,871 | €239,655 | €372,626 | €412,101 | €9,786 | ▼ 97.6% |
| Current portion of amounts payable after more than one year42 | €7,928 | €8,000 | €1,750 | €0 | - | - |
| Trade debts44 | €192,887 | €181,561 | €21,505 | €4,956 | €5,263 | ▲ 6.2% |
| Suppliers440/4 | €192,887 | €181,561 | €21,505 | €4,956 | €5,263 | ▲ 6.2% |
| Taxes, remuneration and social security45 | €24,705 | €24,678 | €30,588 | €7,306 | €4,523 | ▼ 38.1% |
| Taxes450/3 | €24,705 | €24,678 | €30,588 | €7,306 | €4,523 | ▼ 38.1% |
| Other amounts payable47/48 | €6,351 | €25,416 | €318,783 | €399,840 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114,249 | €4,077 | -€109,883 | €396,426 | -€2,742 | ▼ 101% |
| + Depreciation and write-downs630 | €15,990 | €14,576 | €8,765 | €311 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €130,239 | €18,652 | -€101,119 | €396,737 | -€2,742 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €0 | €11,700 | €100,980 | €553 | ▼ 99.5% |
| Change in cash | - | €50,595 | -€77,335 | -€264,065 | €175,252 | ▲ 166% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 14current ratio 19.94
Current ratio from 1.45 to 19.94; short-term debt falls from €412,101 to €9,786.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €396,426
Net result €396,426 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
31-12
Financial
Weakest financial yearnet -€109,883
Net result drops to -€109,883, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 58 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
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 2 acts read
About the unread acts
We know of 2 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
2 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, Kapellen · 1 establishment unit since 1976
Ground area
972 m²
Building footprint
167 m²
Parcel 11902H0006/00N000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Korte Dennenburgdreef 14, 2950 Kapellen
since 19762.038.125.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902H0006/00N000 | Flanders | 972 m² | 1 · 167 m² | 0.1 m |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,800 EUR awarded · 1,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,800 EUR | 1,800 EUR |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-05-1976
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0416060516
Also
9925:BE0416060516
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.