ROVA HEATING
ActiveSummary
ROVA HEATING has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €59,879. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+43
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 34.56; short-term debt: 2.3% and cash: 5.9% of total assets), and 2.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
97.7%
Return on assets
3.5%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 12-11-2025, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
on the day
2023
1 d early
2022
2 d late
2021
8 d late
2020
31 d late
2019
2 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 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 2 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 company by equity in Retie, Construction sector#6 company by total assets in Retie, Construction sector
Equity
€1.7m▲ 3.7%
2024 · €1.6m
Total assets
€1.7m▼ 5.7%
2024 · €1.8m
Net result
€59,879▲ 145%
2024 · €24,465
Working capital
€1.3m▼ 27.0%
2024 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€264,767▲ 177%€268,083▲ 1.3%-€5,144€13,739€43,293▲ 215%
Net result€219,327above the sector's middle half▲ 10.0%€187,902above the sector's middle half▼ 14.3%-€3,038below the sector's middle half€24,465within the sector's middle half€59,879above the sector's middle half▲ 145%
Equity€1.4mabove the sector's middle half▲ 16.4%€1.6mabove the sector's middle half▲ 13.5%€1.6mabove the sector's middle half▼ 0.2%€1.6mabove the sector's middle half▲ 1.5%€1.7mabove the sector's middle half▲ 3.7%
Total assets€1.7mabove the sector's middle half▲ 20.4%€1.9mabove the sector's middle half▲ 7.7%€1.8mabove the sector's middle half▼ 2.9%€1.8mabove the sector's middle half▲ 0.1%€1.7mabove the sector's middle half▼ 5.7%
Debt€142,206▲ 203%€87,167▼ 38.7%€35,733▼ 59.0%€13,453▼ 62.4%€38,978▲ 190%
Working capital€1.4mabove the sector's middle half▲ 15.0%€1.6mabove the sector's middle half▲ 14.4%€1.8mabove the sector's middle half▲ 12.0%€1.8mabove the sector's middle half▲ 1.4%€1.3mabove the sector's middle half▼ 27.0%
Solvency80.9%above the sector's middle half▼ 2.7pp85.2%above the sector's middle half▲ 4.3pp87.6%above the sector's middle half▲ 2.4pp88.8%above the sector's middle half▲ 1.2pp97.7%above the sector's middle half▲ 8.9pp
Current ratio10.69above the sector's middle half▼ 15.8619.08above the sector's middle half▲ 8.3950.40above the sector's middle half▲ 31.3234.56above the sector's middle half
Return on assets (ROA)12.7%within the sector's middle half▼ 1.2pp10.1%within the sector's middle half▼ 2.6pp-0.2%below the sector's middle half▼ 10.3pp1.4%within the sector's middle half▲ 1.5pp3.5%within the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 215% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€355,686 ▲ 29,937%
Current assets
€1.3m ▼ 25.3%
Equity and liabilities €1.7m
Equity
€1.7m ▲ 3.7%
Provisions
€0 ▼ 100%
Debt
€38,978 ▲ 190%
Debt's share of the balance-sheet total rises from 0.7% to 2.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,949▲
2024 · €14,705
Cash flow
€60,534▲
2024 · €25,431
Debt to equity
0.02▲
2024 · 0.01
ROE
3.6%▲
2024 · 1.5%
Interest coverage
351.82▲
2024 · 1.16
Debt ≤ 1 year
€38,978▲
2024 · €13,453
Income taxes
€29,108▲
2024 · €8,517
Staff costs
€560▼
2024 · €876
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 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 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,732 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 | - | €5,708 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €876 | €560 | ▼ 36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,626 | €594 | €966 | €966 | €656 | ▼ 32.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - |
| Other operating charges640/8 | - | €1,115 | €1,559 | €1,872 | €1,746 | ▼ 6.8% |
| Non-recurring operating charges66A | - | €1,919 | €2,440 | €0 | - | - |
| Gross operating margin9900 | €271,939 | €271,711 | -€179 | €17,454 | €46,255 | ▲ 165% |
| Operating profit (loss)9901 | €264,767 | €268,083 | -€5,144 | €13,739 | €43,293 | ▲ 215% |
| Financial income75/76B | - | €3,470 | €2,138 | €31,911 | €45,818 | ▲ 43.6% |
| Recurring financial income75 | €30,673 | €3,470 | €2,138 | €31,911 | €45,818 | ▲ 43.6% |
| Financial charges65/66B | - | €376 | €32 | €12,668 | €125 | ▼ 99.0% |
| Recurring financial charges65 | €2,357 | €376 | €32 | €12,668 | €125 | ▼ 99.0% |
| Profit (loss) for the period before taxes9903 | €293,083 | €271,177 | -€3,038 | €32,982 | €88,986 | ▲ 170% |
| Income taxes67/77 | €73,756 | €83,275 | - | €8,517 | €29,108 | ▲ 242% |
| Profit (loss) for the period9904 | €219,327 | €187,902 | -€3,038 | €24,465 | €59,879 | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | €219,327 | €187,902 | -€3,038 | €24,465 | €59,879 | ▲ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.9m | €1.8m | €1.8m | €1.7m | ▼ 5.7% |
| Fixed assets21/28 | €204,568 | €194,173 | €2,150 | €1,184 | €355,686 | ▲ 29,937% |
| Tangible fixed assets22/27 | €13,511 | €3,116 | €2,150 | €1,184 | €5,024 | ▲ 324% |
| Furniture and vehicles24 | - | €3,116 | €2,150 | €1,184 | €5,024 | ▲ 324% |
| Financial fixed assets28 | €191,057 | €191,057 | - | - | €350,662 | - |
| Current assets29/58 | €1.5m | €1.7m | €1.8m | €1.8m | €1.3m | ▼ 25.3% |
| Amounts receivable within one year40/41 | €161,001 | €287,288 | €52,726 | €23,551 | €7,026 | ▼ 70.2% |
| Trade receivables40 | - | €11,978 | €48,089 | €4,488 | €3,060 | ▼ 31.8% |
| Other amounts receivable41 | - | €275,310 | €4,636 | €19,063 | €3,966 | ▼ 79.2% |
| Current investments50/53 | - | - | €1.5m | €1.7m | €1.2m | ▼ 27.8% |
| Cash at bank and in hand54/58 | €1.4m | €1.4m | €248,143 | €64,209 | €99,975 | ▲ 55.7% |
| Deferred charges and accrued income490/1 | - | €4,250 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.9m | €1.8m | €1.8m | €1.7m | ▼ 5.7% |
| Equity10/15 | €1.4m | €1.6m | €1.6m | €1.6m | €1.7m | ▲ 3.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €1.4m | €1.5m | €1.5m | €1.5m | €1.6m | ▲ 3.9% |
| Non-distributable reserves130/1 | - | €28,697 | €28,697 | €28,697 | €28,697 | = |
| Legal reserve130 | - | €28,697 | €28,697 | €28,697 | €28,697 | = |
| Tax-exempt reserves132 | - | €151,375 | €151,375 | - | - | - |
| Distributable reserves133 | - | €1.4m | €1.4m | €1.5m | €1.6m | ▲ 4.0% |
| Profit (loss) carried forward14 | -€20,554 | -€20,553 | -€23,591 | €875 | €873 | ▼ 0.2% |
| Provisions and deferred taxes16 | €188,000 | €188,000 | €188,000 | €188,000 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | €188,000 | €188,000 | €188,000 | €0 | ▼ 100% |
| Taxes161 | - | - | - | €188,000 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | €188,000 | €188,000 | - | - | - |
| Amounts payable17/49 | €142,206 | €87,167 | €35,733 | €13,453 | €38,978 | ▲ 190% |
| Amounts payable within one year42/48 | €142,206 | €87,167 | €35,733 | €13,453 | €38,978 | ▲ 190% |
| Trade debts44 | €2,625 | €7,255 | €24,219 | €778 | €169 | ▼ 78.2% |
| Suppliers440/4 | - | €7,255 | €24,219 | €778 | €169 | ▼ 78.2% |
| Taxes, remuneration and social security45 | - | €79,805 | - | - | €30,125 | - |
| Taxes450/3 | - | €79,805 | - | - | €18,125 | - |
| Remuneration and social security454/9 | - | - | - | - | €12,000 | - |
| Other amounts payable47/48 | - | €106 | €11,514 | €12,676 | €8,684 | ▼ 31.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €219,327 | €187,902 | -€3,038 | €24,465 | €59,879 | ▲ 145% |
| + Depreciation and write-downs630 | €4,626 | €594 | €966 | €966 | €656 | ▼ 32.1% |
| Operating cash flow (approximation) | €223,952 | €188,496 | -€2,072 | €25,431 | €60,534 | ▲ 138% |
| Investment in fixed assets (approximation) | - | €9,801 | €191,057 | €0 | -€355,158 | - |
| Change in cash | - | €12,721 | -€1.1m | -€183,933 | €35,766 | ▲ 119% |
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
12-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €24,465
Net result €24,465 after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 134.10
Current ratio from 50.40 to 134.10; short-term debt falls from €35,733 to €13,453.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€3,038
Net result drops to -€3,038, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity triplescurrent ratio 50.40
Current ratio from 19.08 to 50.40; short-term debt falls from €87,167 to €35,733.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
31-03
Financial
Highest result since 2019net €219,327 ▲10%
Net result €219,327, the highest in the series.
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
31-03
Financial
Liquidity times 8current ratio 26.55
Current ratio from 3.46 to 26.55; short-term debt falls from €147,462 to €46,907.
Show earlier events
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
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 5 acts read
About the unread acts
We know of 5 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
5 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, Retie · 1 establishment unit since 1998
Ground area
2,922 m²
Building footprint
331 m²
Volume, LiDAR
799 m³
Parcel 13036E0495/00L037, Flanders · tallest building 15.5 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ROVA HEATING NV
since 19982.086.212.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036E0495/00L037 | Flanders | 2,922 m² | 1 · 331 m² | 15.5 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.
Recognitions · licences · registrations
Legal Entity Identifier
89450068NDSWCKWS5O91
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 2,338 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
Founded20-02-1998
Fiscal year end31-03
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462716229
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.