ROVA
ActiveSummary
ROVA has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.0m and a net result of €183,623. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 88% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-29
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320,000 at 30 days acceptable
Liquidity ample (current ratio 5.65 against 7.36 in 2024; short-term debt: 14.1% and cash: 16.9% of total assets), and 14.6% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.4%
Return on assets
3.9%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
1 d early
2023
2 d early
2022
28 d early
2021
21 d early
2020
1 d late
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€4.0m▲ 4.8%
2024 · €3.9m
Total assets
€4.7m▲ 7.6%
2024 · €4.4m
Net result
€183,623▼ 62.8%
2024 · €493,237
Working capital
€3.1m▲ 9.7%
2024 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€935,413▲ 117%€807,812▼ 13.6%€989,231▲ 22.5%€662,923▼ 33.0%€166,565▼ 74.9%
Net result€590,508above the sector's middle half▲ 145%€468,028above the sector's middle half▼ 20.7%€566,529above the sector's middle half▲ 21.0%€493,237above the sector's middle half▼ 12.9%€183,623above the sector's middle half▼ 62.8%
Equity€3.3mabove the sector's middle half▲ 15.0%€3.6mabove the sector's middle half▲ 9.3%€3.7mabove the sector's middle half▲ 1.1%€3.9mabove the sector's middle half▲ 5.3%€4.0mabove the sector's middle half▲ 4.8%
Total assets€4.5mabove the sector's middle half▲ 5.9%€4.5mabove the sector's middle half▼ 1.0%€4.7mabove the sector's middle half▲ 5.4%€4.4mabove the sector's middle half▼ 6.6%€4.7mabove the sector's middle half▲ 7.6%
Debt€1.2m▼ 13.2%€834,421▼ 29.7%€1.0m▲ 24.2%€535,817▼ 48.3%€686,415▲ 28.1%
Working capital€2.5m▲ 8.6%€2.8m▲ 9.9%€2.6m▼ 4.9%€2.8m▲ 7.5%€3.1m▲ 9.7%
Solvency73.5%above the sector's middle half▲ 5.8pp81.2%above the sector's middle half▲ 7.7pp77.9%above the sector's middle half▼ 3.3pp87.8%above the sector's middle half▲ 9.9pp85.4%above the sector's middle half▼ 2.3pp
Staff (FTE)14above the sector's middle half▼ 5.4%13.9above the sector's middle half▼ 0.7%13.1above the sector's middle half▼ 5.8%13.3above the sector's middle half▲ 1.5%13.4above the sector's middle half▲ 0.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€974,336 ▼ 14.1%
Current assets
€3.7m ▲ 15.2%
Equity and liabilities €4.7m
Equity
€4.0m ▲ 4.8%
Provisions
€1,336 ▼ 24.8%
Debt
€686,415 ▲ 28.1%
Debt's share of the balance-sheet total rises from 12.2% to 14.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€405,528▼
2024 · €932,302
Cash flow
€422,586▼
2024 · €762,616
Current ratio
5.65▼
2024 · 7.36
Quick ratio
3.78▼
2024 · 4.47
Debt to equity
0.17▲
2024 · 0.14
ROE
4.6%▼
2024 · 12.8%
ROA
3.9%▼
2024 · 11.2%
Interest coverage
3.70▼
2024 · 14.50
Debt ≤ 1 year
€663,780▲
2024 · €442,201
Income taxes
€80,385▼
2024 · €147,034
Staff costs
€1.1m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 14,733 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 | - | - | - | €8,630 | - | - |
| Remuneration, social security and pensions62 | - | €942,015 | €963,303 | €1.1m | €1.1m | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €189,574 | €218,704 | €240,634 | €269,379 | €238,963 | ▼ 11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €343,280 | €28,173 | -€78,287 | €1,471 | ▲ 102% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €28,777 | - |
| Other operating charges640/8 | - | €41,829 | €40,876 | €39,805 | €55,173 | ▲ 38.6% |
| Non-recurring operating charges66A | - | - | - | €2,253 | €50 | ▼ 97.8% |
| Gross operating margin9900 | €2.1m | €2.4m | €2.3m | €2.0m | €1.6m | ▼ 19.3% |
| Operating profit (loss)9901 | €935,413 | €807,812 | €989,231 | €662,923 | €166,565 | ▼ 74.9% |
| Financial income75/76B | - | €24,319 | €33,795 | €41,068 | €206,693 | ▲ 403% |
| Recurring financial income75 | €18,252 | €24,319 | €33,795 | €41,068 | €206,693 | ▲ 403% |
| Financial charges65/66B | - | €95,984 | €151,440 | €64,300 | €109,690 | ▲ 70.6% |
| Recurring financial charges65 | €162,096 | €95,984 | €151,440 | €64,300 | €109,690 | ▲ 70.6% |
| Profit (loss) for the period before taxes9903 | €791,569 | €736,147 | €871,587 | €639,691 | €263,568 | ▼ 58.8% |
| Transfer from deferred taxes780 | - | €1,065 | €1,065 | €580 | €440 | ▼ 24.2% |
| Income taxes67/77 | €202,221 | €269,185 | €306,123 | €147,034 | €80,385 | ▼ 45.3% |
| Profit (loss) for the period9904 | €590,508 | €468,028 | €566,529 | €493,237 | €183,623 | ▼ 62.8% |
| Transfer from tax-exempt reserves789 | - | €2,069 | €2,069 | €1,126 | €854 | ▼ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €592,759 | €470,097 | €568,598 | €494,364 | €184,477 | ▼ 62.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.5m | €4.7m | €4.4m | €4.7m | ▲ 7.6% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.1m | €974,336 | ▼ 14.1% |
| Intangible fixed assets21 | €10,703 | €7,136 | €3,568 | - | €22,810 | - |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.2m | €1.1m | €950,142 | ▼ 15.5% |
| Land and buildings22 | - | €810,072 | €738,754 | €620,560 | €557,492 | ▼ 10.2% |
| Plant, machinery and equipment23 | - | €41,454 | €124,944 | €119,649 | €89,142 | ▼ 25.5% |
| Furniture and vehicles24 | - | €294,102 | €346,056 | €384,271 | €251,224 | ▼ 34.6% |
| Assets under construction and advance payments27 | - | - | - | - | €52,284 | - |
| Financial fixed assets28 | €10,069 | €10,069 | €10,069 | €10,083 | €1,384 | ▼ 86.3% |
| Current assets29/58 | €3.3m | €3.3m | €3.5m | €3.3m | €3.7m | ▲ 15.2% |
| Stocks and contracts in progress3 | €1.0m | €1.2m | €1.2m | €1.3m | €1.2m | ▼ 2.9% |
| Stocks30/36 | - | €1.2m | €1.2m | €1.3m | €1.2m | ▼ 2.9% |
| Amounts receivable within one year40/41 | €1.7m | €1.6m | €1.3m | €1.1m | €1.5m | ▲ 39.3% |
| Trade receivables40 | - | €1.6m | €1.3m | €940,722 | €1.3m | ▲ 35.3% |
| Other amounts receivable41 | - | €3,909 | €7,649 | €112,080 | €193,512 | ▲ 72.7% |
| Current investments50/53 | €117,475 | €117,480 | €361,269 | €435,808 | €235,808 | ▼ 45.9% |
| Cash at bank and in hand54/58 | €401,582 | €329,319 | €551,981 | €462,591 | €796,972 | ▲ 72.3% |
| Deferred charges and accrued income490/1 | - | €5,780 | €5,772 | €25,430 | €7,822 | ▼ 69.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.5m | €4.7m | €4.4m | €4.7m | ▲ 7.6% |
| Equity10/15 | €3.3m | €3.6m | €3.7m | €3.9m | €4.0m | ▲ 4.8% |
| Contributions10/11 | €280,000 | €280,000 | €280,000 | €280,000 | €280,000 | = |
| Capital10 | - | €280,000 | €280,000 | €280,000 | €280,000 | = |
| Issued capital100 | - | €280,000 | €280,000 | €280,000 | €280,000 | = |
| Reserves13 | €3.0m | €3.3m | €3.4m | €3.6m | €3.8m | ▲ 5.1% |
| Non-distributable reserves130/1 | - | €34,701 | €34,701 | €34,701 | €34,701 | = |
| Legal reserve130 | - | €33,076 | €33,076 | €33,076 | €33,076 | = |
| Other1319 | - | €1,624 | €1,624 | €1,624 | €1,624 | = |
| Tax-exempt reserves132 | - | €106,332 | €104,263 | €103,137 | €102,283 | ▼ 0.8% |
| Distributable reserves133 | - | €3.2m | €3.2m | €3.4m | €3.6m | ▲ 5.4% |
| Provisions and deferred taxes16 | €4,486 | €3,421 | €2,356 | €1,776 | €1,336 | ▼ 24.8% |
| Deferred taxes168 | - | €3,421 | €2,356 | €1,776 | €1,336 | ▼ 24.8% |
| Amounts payable17/49 | €1.2m | €834,421 | €1.0m | €535,817 | €686,415 | ▲ 28.1% |
| Amounts payable after more than one year17 | €380,729 | €272,411 | €158,889 | €72,357 | - | - |
| Financial debts170/4 | - | €272,411 | €158,889 | €72,357 | - | - |
| Amounts payable within one year42/48 | €784,483 | €540,836 | €856,513 | €442,201 | €663,780 | ▲ 50.1% |
| Current portion of amounts payable after more than one year42 | - | €107,501 | €86,667 | €86,667 | €72,223 | ▼ 16.7% |
| Financial debts43 | - | - | - | €1,180 | - | - |
| Other loans439 | - | - | - | €1,180 | - | - |
| Trade debts44 | €201,300 | €107,588 | €71,126 | €269,579 | €359,900 | ▲ 33.5% |
| Suppliers440/4 | - | €107,588 | €71,126 | €269,579 | €359,900 | ▲ 33.5% |
| Advances received on contracts in progress46 | - | €57,831 | €3,495 | - | - | - |
| Taxes, remuneration and social security45 | - | €108,379 | €167,789 | €82,523 | €231,570 | ▲ 181% |
| Taxes450/3 | - | €34,724 | €90,856 | €6,277 | €84,601 | ▲ 1,248% |
| Remuneration and social security454/9 | - | €73,655 | €76,933 | €76,247 | €146,969 | ▲ 92.8% |
| Other amounts payable47/48 | - | €159,538 | €527,437 | €2,251 | €87 | ▼ 96.1% |
| Accrued charges and deferred income492/3 | - | €21,174 | €20,774 | €21,259 | €22,635 | ▲ 6.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €590,508 | €468,028 | €566,529 | €493,237 | €183,623 | ▼ 62.8% |
| + Depreciation and write-downs630 | €189,574 | €218,704 | €240,634 | €269,379 | €238,963 | ▼ 11.3% |
| Operating cash flow (approximation) | €780,082 | €686,732 | €807,163 | €762,616 | €422,586 | ▼ 44.6% |
| Investment in fixed assets (approximation) | - | -€170,312 | -€301,192 | -€180,551 | -€78,736 | ▲ 56.4% |
| Change in cash | - | -€72,263 | €222,662 | -€89,389 | €334,381 | ▲ 474% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €590,508 ▲145%
Net result €590,508, the highest in the series.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Oudenaarde · 1 establishment unit since 1984
Ground area
9,661 m²
Building footprint
9,101 m²
Volume, LiDAR
69,204 m³
Parcel 45023A1467/00B000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Meersbloem-Melden 25, 9700 Oudenaarde
since 19842.016.901.402
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023A1467/00B000 | Flanders | 9,661 m² | 1 · 9,101 m² | 11.2 m · 3 fl. |
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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
42.79%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 379 EUR awarded · 379 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 218 EUR | 218 EUR |
| 2024 | 1 | 39 EUR | 39 EUR |
| 2023 | 1 | 53 EUR | 53 EUR |
| 2022 | 1 | 69 EUR | 69 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300XGDU2H84MBVY53
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Of 679 companies in sector 46494 we hold annual accounts for 532. 247 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-12-1979
Fiscal year end30-06
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
46648Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419951305
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC-1-10-06314/25.11)