ROVAN II
ActiveSummary
ROVAN II has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144,596 and a net result of €7,444. Equity is growing by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 8.71 against 10.07 in 2024; short-term debt: 9.4% and cash: 30.3% of total assets), and 9.4% 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
90.6%
Return on assets
4.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
7 d late
2023
27 d late
2022
31 d late
2021
31 d late
2020
26 d late
2019
74 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 32 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7,444▲ 33.3%
2024 · €5,584
Working capital
€116,169▲ 6.8%
2024 · €108,726
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€17,789▼ 48.9%€13,664▼ 23.2%€17,837▲ 30.5%€8,970▼ 49.7%€11,418▲ 27.3%
Net result€12,359▼ 48.0%€7,315▼ 40.8%€12,281▲ 67.9%€5,584▼ 54.5%€7,444▲ 33.3%
Equity€140,972▲ 2.9%€138,287▼ 1.9%€141,569▲ 2.4%€137,152▼ 3.1%€144,596▲ 5.4%
Total assets€158,697▲ 9.8%€156,177▼ 1.6%€157,642▲ 0.9%€149,145▼ 5.4%€159,660▲ 7.1%
Debt€17,725▲ 137%€17,890▲ 0.9%€16,073▼ 10.2%€11,992▼ 25.4%€15,064▲ 25.6%
Working capital€112,546▲ 3.6%€109,861▼ 2.4%€113,142▲ 3.0%€108,726▼ 3.9%€116,169▲ 6.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159,660
Fixed assets
€28,427 =
Current assets
€131,234 ▲ 8.7%
Equity and liabilities €159,660
Equity
€144,596 ▲ 5.4%
Debt
€15,064 ▲ 25.6%
Debt's share of the balance-sheet total rises from 8.0% to 9.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
8.71▼
2024 · 10.07
Quick ratio
3.21▲
2024 · 3.16
Debt to equity
0.10▲
2024 · 0.09
ROE
5.1%▲
2024 · 4.1%
ROA
4.7%▲
2024 · 3.7%
Debt ≤ 1 year
€15,064▲
2024 · €11,992
Income taxes
€4,000▲
2024 · €3,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% 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 497,662 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 17,027 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €2,449 | €2,500 | €2,744 | €2,842 | €2,931 | ▲ 3.1% |
| Gross operating margin9900 | €20,238 | €16,164 | €20,581 | €11,812 | €14,349 | ▲ 21.5% |
| Operating profit (loss)9901 | €17,789 | €13,664 | €17,837 | €8,970 | €11,418 | ▲ 27.3% |
| Financial income75/76B | €518 | €353 | €207 | €207 | €207 | = |
| Recurring financial income75 | €518 | €353 | €207 | €207 | €207 | = |
| Financial charges65/66B | €120 | €166 | €149 | €172 | €181 | ▲ 5.2% |
| Recurring financial charges65 | €120 | €166 | €149 | €172 | €181 | ▲ 5.2% |
| Profit (loss) for the period before taxes9903 | €18,188 | €13,851 | €17,896 | €9,005 | €11,444 | ▲ 27.1% |
| Income taxes67/77 | €5,829 | €6,536 | €5,615 | €3,421 | €4,000 | ▲ 16.9% |
| Profit (loss) for the period9904 | €12,359 | €7,315 | €12,281 | €5,584 | €7,444 | ▲ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €12,359 | €7,315 | €12,281 | €5,584 | €7,444 | ▲ 33.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,697 | €156,177 | €157,642 | €149,145 | €159,660 | ▲ 7.1% |
| Fixed assets21/28 | €28,427 | €28,427 | €28,427 | €28,427 | €28,427 | = |
| Tangible fixed assets22/27 | €28,427 | €28,427 | €28,427 | €28,427 | €28,427 | = |
| Land and buildings22 | €28,427 | €28,427 | €28,427 | €28,427 | €28,427 | = |
| Current assets29/58 | €130,270 | €127,750 | €129,215 | €120,718 | €131,234 | ▲ 8.7% |
| Amounts receivable after more than one year29 | €20,000 | €8,000 | €8,000 | €9,517 | - | - |
| Other amounts receivable291 | €20,000 | €8,000 | €8,000 | €9,517 | - | - |
| Stocks and contracts in progress3 | €68,641 | €82,872 | €82,872 | €82,872 | €82,872 | = |
| Stocks30/36 | €68,641 | €82,872 | €82,872 | €82,872 | €82,872 | = |
| Cash at bank and in hand54/58 | €41,629 | €36,878 | €38,343 | €15,737 | €48,361 | ▲ 207% |
| Deferred charges and accrued income490/1 | - | - | - | €12,592 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,697 | €156,177 | €157,642 | €149,145 | €159,660 | ▲ 7.1% |
| Equity10/15 | €140,972 | €138,287 | €141,569 | €137,152 | €144,596 | ▲ 5.4% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €73,630 | €70,946 | €74,227 | €69,811 | €77,254 | ▲ 10.7% |
| Non-distributable reserves130/1 | €6,100 | €6,100 | €6,100 | €6,100 | €6,100 | = |
| Legal reserve130 | €6,100 | €6,100 | €6,100 | €6,100 | €6,100 | = |
| Distributable reserves133 | €67,530 | €64,846 | €68,127 | €63,711 | €71,154 | ▲ 11.7% |
| Profit (loss) carried forward14 | €5,842 | €5,842 | €5,842 | €5,842 | €5,842 | = |
| Amounts payable17/49 | €17,725 | €17,890 | €16,073 | €11,992 | €15,064 | ▲ 25.6% |
| Amounts payable within one year42/48 | €17,725 | €17,890 | €16,073 | €11,992 | €15,064 | ▲ 25.6% |
| Trade debts44 | - | €1,024 | €1,064 | €1,084 | €1,084 | = |
| Suppliers440/4 | - | €1,024 | €1,064 | €1,084 | €1,084 | = |
| Taxes, remuneration and social security45 | €7,750 | €6,274 | €6,065 | €1,221 | - | - |
| Taxes450/3 | €7,750 | €6,274 | €6,065 | €1,221 | - | - |
| Other amounts payable47/48 | €9,975 | €10,592 | €8,944 | €9,687 | €13,980 | ▲ 44.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,359 | €7,315 | €12,281 | €5,584 | €7,444 | ▲ 33.3% |
| Operating cash flow (approximation) | €12,359 | €7,315 | €12,281 | €5,584 | €7,444 | ▲ 33.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,751 | €1,465 | -€22,606 | €32,624 | ▲ 244% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 7 days late
2024
31-12
Financial
Weakest financial yearnet €5,584 ▼54.5%
Net result drops to €5,584, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €23,767 ▲93.9%
Operating result €34,826, net result €23,767, both a record.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
31-12
Financial
Liquidity times 40current ratio 287.72
Current ratio from 7.16 to 287.72; short-term debt falls from €11,700 to €296.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
13-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
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, Brugge
Ground area
451 m²
Building footprint
213 m²
Volume, LiDAR
1,426 m³
Parcel 31802B0468/00L000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31802B0468/00L000 | Flanders | 451 m² | 1 · 213 m² | 12.5 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded29-09-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451011396
Registered
07-09-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.