ROVAN
ActiveSummary
ROVAN has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€135,617) and a net result of €3,560. Equity has been stable since 2019 (±1.2% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-08-1990 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.082.168.643 5332 Assesse, since 09-06-1997
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €23,436
- ▲ 28.4%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €3,560
- Equity
- -€135,617
- ▲ 2.6%
- Total assets
- €511,083
- ▼ 3.3%
- Negative equity on 30-06-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€135,617Liquidity: cash €0, halvedlowers riskSize: total assets €511,083Founded in 1990Show the evidence
Checked score
About 7 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 (no NACE code, micro). It does better than 5% of them on solvency, 2% on liquidity, 48% on profitability and 56% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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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 12 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-01-2026 PDF all 35 filings
Every figure per financial year
The operating result for 2025 is a profit of €3,711, after a loss of €3,719 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €534 | €494 | €538 | - |
| Depreciation and write-downs of the year | €12,772 | €17,802 | €18,015 | €18,042 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,874 | €18,874 | €17,650 | €12,772 | €17,802 | €18,015 | €18,042 | ▲ 0.1% |
| Other operating charges640/8 | - | - | - | €2,828 | €2,560 | €3,957 | €1,684 | ▼ 57.5% |
| Gross operating margin9900 | €13,626 | €13,010 | €12,558 | €20,478 | €19,781 | €18,253 | €23,436 | ▲ 28.4% |
| Operating profit (loss)9901 | -€8,403 | -€8,739 | -€7,856 | €4,878 | -€581 | -€3,719 | €3,711 | - |
| Financial income75/76B | - | - | - | - | €0 | - | €0 | - |
| Recurring financial income75 | €2 | - | - | - | €0 | - | €0 | - |
| Financial charges65/66B | - | - | - | €161 | €161 | €143 | €151 | ▲ 5.5% |
| Recurring financial charges65 | €21,715 | €20,563 | €190 | €161 | €161 | €143 | €151 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | -€30,115 | -€29,302 | -€8,046 | €4,717 | -€743 | -€3,862 | €3,560 | - |
| Profit (loss) for the period9904 | -€30,115 | -€29,302 | -€8,046 | €4,717 | -€743 | -€3,862 | €3,560 | - |
| Profit (loss) for the period to be appropriated9905 | -€30,115 | -€29,302 | -€8,046 | €4,717 | -€743 | -€3,862 | €3,560 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €614,088 | €595,440 | €575,349 | €563,686 | €546,167 | €528,532 | €511,083 | ▼ 3.3% |
| Fixed assets21/28 | €611,451 | €592,577 | €574,927 | €562,688 | €545,380 | €527,904 | €509,862 | ▼ 3.4% |
| Tangible fixed assets22/27 | €611,451 | €592,577 | €574,927 | €562,688 | €545,380 | €527,904 | €509,862 | ▼ 3.4% |
| Land and buildings22 | - | - | - | €561,905 | €544,305 | €526,705 | €509,104 | ▼ 3.3% |
| Other tangible fixed assets26 | - | - | - | €784 | €1,076 | €1,199 | €758 | ▼ 36.8% |
| Current assets29/58 | €2,637 | €2,863 | €423 | €998 | €786 | €628 | €1,221 | ▲ 94.3% |
| Amounts receivable within one year40/41 | - | - | - | - | - | - | €919 | - |
| Trade receivables40 | - | - | - | - | - | - | €919 | - |
| Cash at bank and in hand54/58 | €2,241 | €2,354 | €112 | €134 | €389 | €23 | €0 | ▼ 98.9% |
| Deferred charges and accrued income490/1 | - | - | - | €864 | €398 | €605 | €301 | ▼ 50.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €614,088 | €595,440 | €575,349 | €563,686 | €546,167 | €528,532 | €511,083 | ▼ 3.3% |
| Equity10/15 | -€101,941 | -€131,243 | -€139,289 | -€134,573 | -€135,315 | -€139,177 | -€135,617 | ▲ 2.6% |
| Contributions10/11 | €6,197 | €6,197 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€109,998 | -€139,300 | -€147,346 | -€142,630 | -€143,372 | -€147,234 | -€143,674 | ▲ 2.4% |
| Amounts payable17/49 | €716,028 | €726,683 | €714,638 | €698,259 | €681,482 | €667,709 | €646,699 | ▼ 3.1% |
| Amounts payable after more than one year17 | €699,183 | €723,810 | €709,695 | €691,892 | €679,033 | €663,700 | €643,673 | ▼ 3.0% |
| Other amounts payable178/9 | - | - | - | €691,892 | €679,033 | €663,700 | €643,673 | ▼ 3.0% |
| Amounts payable within one year42/48 | €14,560 | €750 | €2,625 | €4,393 | - | €1,054 | - | - |
| Trade debts44 | €95 | - | €1,875 | €4,393 | - | €1,054 | - | - |
| Suppliers440/4 | - | - | - | €4,393 | - | €1,054 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,974 | €2,449 | €2,955 | €3,027 | ▲ 2.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,115 | -€29,302 | -€8,046 | €4,717 | -€743 | -€3,862 | €3,560 | - |
| + Depreciation and write-downs630 | €18,874 | €18,874 | €17,650 | €12,772 | €17,802 | €18,015 | €18,042 | ▲ 0.1% |
| Operating cash flow (approximation) | -€11,241 | -€10,428 | €9,604 | €17,489 | €17,060 | €14,153 | €21,602 | ▲ 52.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€534 | -€494 | -€538 | €0 | - |
| Change in cash | - | €113 | -€2,243 | €22 | €255 | -€365 | -€23 | ▲ 93.7% |
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, 519 companies had the same profile as ROVAN has now. Two years later, 91.7% were still going and 2.9% had gone bankrupt.
- Small
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
Another 1.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ROVAN itself: 0.7% 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 519 companies, not a prediction for ROVAN. 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 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 28-01-2026 | 2026-00016281 | |
| 30-06-2024 | micro format | 29-01-2025 | 2025-00014619 | |
| 30-06-2023 | micro format | 19-01-2024 | 2024-00003644 | |
| 30-06-2022 | micro format | 09-01-2023 | 2023-20555158 | |
| 30-06-2021 | micro format | 27-01-2022 | 2022-02500514 | |
| 30-06-2020 | micro format | 24-12-2020 | 2020-77000497 | |
| 30-06-2019 | micro format | 28-01-2020 | 2020-02400188 | |
| 30-06-2018 | micro format | 07-01-2019 | 2019-00700025 | |
| 30-06-2017 | micro format | 11-01-2018 | 2018-01300398 | |
| 30-06-2016 | full format | 20-01-2017 | 2017-01900378 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANROELEN Chantal |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 31-10-2024 (in French)
Network & group
ROVAN shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ROVAN. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-10
Gazette deed
Resignation: VANROELEN Chantal (gérant de la société privée à responsabilité limitée)Reappointment: VANROELEN Chantal (director) · Amendment of the articles · Legal-form conversion12 points ▸
- General meeting, 28-10-2024
- Board meeting, “unanimité, actions de même nature uniquement” (deed in French)
- Director in office, VANROELEN Chantal (organe d’administration)
- Amendment of the articles, mentioned 2 times in the deed
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “unanimité”, EUR (deed in French)
- Reserve release, “unanimité, suppression compte de capitaux propres statutairement indisponible” (deed in French)
- Purpose change
- Director resignation, VANROELEN Chantal (gérant de la société privée à responsabilité limitée)
- Director discharge, VANROELEN Chantal
- Director reappointment, VANROELEN Chantal (director (not named in the articles))
- Power of attorney, conseil d'administration
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92030C0056/00A000 | Wallonia | 4,860 m² | 1 · 208 m² | 9.3 m · 1 |