Equity
-€47,578
Debts exceed assets in financial year 2025.
ROVAM
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €24,770 (2012)
€8,216▼ 42.6%
lowest -€11,516 (2014)
-€1,691▼ €7,318
peak -€19,518 (2012)
-€47,578▼ €1,691
€116,737▲ 12.8%
Board1 name since 2021
1 directorVAN MAELE Ronald Hendrik Johan
Documentsfilings and deeds
16-06-202645 days before the deadline
2025micro format
Gross margin from €14,301 to €8,216Loss of €1,691Investments €13,384Cash from €3,344 to €1,737
Key points
from the 2025 annual accountsTurnover
≈ €67,000 estimated
The micro format states no turnover.
Debts
€116,737 169% of the balance sheet
Financial debts 64%Suppliers 0%Other 35%
Of this, €41,737 falls due within a year.
Investments
€13,384 2.0 × depreciation
Green is investment, beige is depreciation.
Filings
37 annual accounts since 1989
The 2020 accounts came 30 days late. The other nine of the last ten were filed on time.
Position in the sector
-68.8%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,125 companies.
Checked score
53
Fair
Financially stronger than 19% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.9%▲ +0.2 percentage points vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.8%▼ -0.1 percentage points vs 05-2026
07-2026: 1.0%▲ +0.2 percentage points vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 1.8%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 1.2%▼ -0.6 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Sector: Specialised construction activities (NACE 43)
Negative equity -€47,578
Loss of €1,691 (financial year 2025)
lowers risk
Size: total assets €69,159
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 43, micro). It does better than 3% of them on solvency, 12% on liquidity, 32% on profitability and 30% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 2,796 companies had the same profile as ROVAM has now. Each dot stands for 7 companies, two years later.
90.3%
were still trading
6.0%
stopped another way
2.1%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ROVAM itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,796 companies, not a prediction for ROVAM. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.23 (0.17 in 2024), below 1. Short-term debt is 60.3% and cash 2.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€47,578
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
9 days early
2023
on the day
2022
on the day
2021
3 days early
2020
30 days late
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0434860502
Amendment of the articles · Legal-form change · Resignations & appointments
Change of role: VAN MAELE Ronald Hendrik Johan, from manager to director · Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: VAN MAELE Ronald Hendrik Johan · General meeting of 31-10-2023 · Gazette deed
First establishment
Kalsterstraat 71, Tienen
Incorporation
published on 09-08-1988 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ROVAM Tienen | - | - | -68.8% | - |
| ELEKTRO DE VRIENT Zulte | - | - | 39.7% | - |
| ElektronTienen Tienen | - | - | -119.3% | - |
| ALVO - ELEK Overijse | €91,716 | 1.3% | 73.9% | - |
| E S V Beveren-Kruibeke-Zwijndrecht | - | - | 54.4% | - |
| FLAMAND Mons | €81,780 | 7.3% | 75.8% | - |
| DYNASTIE Sombreffe | - | - | 70.7% | - |
These companies have the same main activity as ROVAM: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €63,300 and €95,000, founded between 1980 and 1998.
Official details
Source: KBO- Status
- Active since 15-07-1988Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.039.868.3293300 Tienen, since 24-08-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €69,159▲ 20.1%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on ROVAM
ROVAM files the micro format. That format states no turnover. The gross margin rose from €4,787 in 2006 to €8,216 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ROVAM
- What is the company number of ROVAM?
- The company number of ROVAM is 0434.860.502. The VAT number is the same number with BE in front: BE 0434.860.502.
- Where is ROVAM based?
- The registered office is at Kalsterstraat 71, 3300 Tienen.Company details
- What does ROVAM do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ROVAM?
- ROVAM is a private limited company (BV).
- When was ROVAM founded?
- ROVAM was founded on 15-07-1988.
- Is ROVAM still active?
- Yes, ROVAM is an active enterprise in the KBO register.
- What is the turnover of ROVAM?
- The turnover in financial year 2025 is ≈ €67,000. This figure is estimated from the gross margin of €8,216 and 97 comparable companies (NACE 43211). It probably lies between €44,000 and €140,000. It is a rough estimate.Financials
- Is ROVAM profitable?
- In financial year 2025, ROVAM made a loss of €1,691.
- Where can I find the annual accounts of ROVAM?
- ROVAM filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ROVAM due?
- ROVAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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