ROWA
ActiveSummary
ROWA has been active since 1977 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155,860 and a net result of -€416. Equity is growing by about 3.1% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
“Het ter beschikking stellen van ruimten in de meest ruime zin van het woord…” (deed in Dutch)
From the articles, 11 activitiesNo NACE code in the KBO yet1 site
Size
≈ €26,000turnover 2025, estimated
- Equity
- €155,860
- Loss
- -€416
Turnover estimated from the gross margin
Why 88raises risk1 of the last 3 latelowers riskSize: total assets €394,762No main activity registeredFounded in 1977Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 31% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Weak
Solvency
64=
equity 39.5% of total assets
Liquidity
25-1
short-term debt 60.5% · cash 5.1%
Profitability
37-4
return on assets -0.1%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.6%highest value
12-2024: 0.7%▼ -1.9 percentage points vs 11-2024
01-2025: 0.1%▼ -0.6 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.08, compared with 0.09 in 2024, below 1; short-term debt: 60.5% and cash: 5.1% of total assets), and 60.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 38% on solvency, 14% on liquidity, 28% on profitability and 44% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
52 days early
2023
287 days late
2022
28 days late
2020
2 days late
2019
28 days late
2018
55 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end30-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€416
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Turnover
≈ €26,000
Estimated: probably between €12,000 and €63,000
Total assets
€394,762▼ 0.4%
2024 · €396,210
Net result
-€416
2024 · €6,052
Working capital
-€218,649▼ 1.0%
2024 · -€216,434
Trend over the years
2020 to 2025, 5 financial years 2019 to 2025, 6 financial years
The operating result has fallen two years in a row; 2025 is 62% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€2,600
2025
Net result-€416
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€394,762
2025
Equity€155,860
2025
Debt€238,902
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€218,649
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202022202320242025
Operating result€1,878-€4,650▲ 148%€4,642-€8,104▲ 74.6%€6,786▼ 16.3%€2,600▼ 61.7%
Net result€1,458-€4,579▲ 214%€4,560-€7,250▲ 59.0%€6,052▼ 16.5%-€416
Equity€129,211-€133,790▲ 3.5%€142,974-€150,224▲ 5.1%€156,276▲ 4.0%€155,860▼ 0.3%
Total assets€385,570-€391,039▲ 1.4%€401,309-€389,331▼ 3.0%€396,210▲ 1.8%€394,762▼ 0.4%
Debt€256,360-€257,249▲ 0.3%€258,335-€239,107▼ 7.4%€239,934▲ 0.3%€238,902▼ 0.4%
Working capital-€253,187--€244,927▲ 3.3%-€229,051--€222,149▲ 3.0%-€216,434▲ 2.6%-€218,649▼ 1.0%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €394,762
Fixed assets
€374,509 =
Current assets
€20,253 ▼ 6.7%
Equity and liabilities €394,762
Equity
€155,860 ▼ 0.3%
Debt
€238,902 ▼ 0.4%
Debt's share of the balance-sheet total stays at 60.5%.
Key figures and ratios
Current ratio
0.08▼
2024 · 0.09
Debt to equity
1.53▼
2024 · 1.54
ROE
-0.3%▼
2024 · 3.9%
ROA
-0.1%▼
2024 · 1.5%
Debt ≤ 1 year
€238,902▲
2024 · €238,135
Income taxes
€2,455▲
2024 · €605
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90.3%
still going
A further 0.5% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 12,322 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 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,250 | €2,832 | €2,832 | - | - | - | - |
| Other operating charges640/8 | - | - | €750 | €797 | €856 | €815 | ▼ 4.7% |
| Non-recurring operating charges66A | - | - | - | - | €50 | - | - |
| Gross operating margin9900 | €7,889 | €8,230 | €8,224 | €8,901 | €7,692 | €3,415 | ▼ 55.6% |
| Operating profit (loss)9901 | €1,878 | €4,650 | €4,642 | €8,104 | €6,786 | €2,600 | ▼ 61.7% |
| Financial income75/76B | - | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | €82 | €129 | €129 | €561 | ▲ 335% |
| Recurring financial charges65 | €421 | €71 | €82 | €129 | €129 | €561 | ▲ 335% |
| Profit (loss) for the period before taxes9903 | €1,458 | €4,579 | €4,560 | €7,975 | €6,658 | €2,039 | ▼ 69.4% |
| Income taxes67/77 | - | - | - | €725 | €605 | €2,455 | ▲ 306% |
| Profit (loss) for the period9904 | €1,458 | €4,579 | €4,560 | €7,250 | €6,052 | -€416 | - |
| Profit (loss) for the period to be appropriated9905 | €1,458 | €4,579 | €4,560 | €7,250 | €6,052 | -€416 | - |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €385,570 | €391,039 | €401,309 | €389,331 | €396,210 | €394,762 | ▼ 0.4% |
| Fixed assets21/28 | €383,004 | €380,173 | €374,509 | €374,509 | €374,509 | €374,509 | = |
| Tangible fixed assets22/27 | €383,004 | €380,173 | €374,509 | €374,509 | €374,509 | €374,509 | = |
| Land and buildings22 | - | - | €374,509 | €374,509 | €374,509 | €374,509 | = |
| Current assets29/58 | €2,566 | €10,867 | €26,800 | €14,822 | €21,701 | €20,253 | ▼ 6.7% |
| Cash at bank and in hand54/58 | €2,566 | €10,867 | €26,800 | €14,822 | €21,701 | €20,253 | ▼ 6.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €385,570 | €391,039 | €401,309 | €389,331 | €396,210 | €394,762 | ▼ 0.4% |
| Equity10/15 | €129,211 | €133,790 | €142,974 | €150,224 | €156,276 | €155,860 | ▼ 0.3% |
| Contributions10/11 | €19,831 | €19,831 | €19,831 | €19,831 | €19,831 | €19,831 | = |
| Reserves13 | €109,379 | €113,958 | €123,143 | €130,393 | €136,445 | €136,029 | ▼ 0.3% |
| Non-distributable reserves130/1 | - | - | €3,958 | €11,207 | €13,302 | €13,302 | = |
| Reserves not available under the articles1311 | - | - | €1,983 | €3,958 | - | - | - |
| Other1319 | - | - | €1,974 | €7,250 | €13,302 | €13,302 | = |
| Tax-exempt reserves132 | - | - | €5,586 | €5,586 | €5,586 | €5,586 | = |
| Distributable reserves133 | - | - | €113,599 | €113,599 | €117,557 | €117,141 | ▼ 0.4% |
| Amounts payable17/49 | €256,360 | €257,249 | €258,335 | €239,107 | €239,934 | €238,902 | ▼ 0.4% |
| Amounts payable within one year42/48 | €255,753 | €255,794 | €255,851 | €236,971 | €238,135 | €238,902 | ▲ 0.3% |
| Trade debts44 | €133 | €174 | €231 | €626 | €1,184 | €3,282 | ▲ 177% |
| Suppliers440/4 | - | - | €231 | €626 | €1,184 | €3,282 | ▲ 177% |
| Taxes, remuneration and social security45 | - | - | - | €725 | €1,330 | - | - |
| Taxes450/3 | - | - | - | €725 | €1,330 | - | - |
| Other amounts payable47/48 | - | - | €255,620 | €235,620 | €235,620 | €235,620 | = |
| Accrued charges and deferred income492/3 | - | - | €2,484 | €2,136 | €1,799 | - | - |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,458 | €4,579 | €4,560 | €7,250 | €6,052 | -€416 | - |
| + Depreciation and write-downs630 | €5,250 | €2,832 | €2,832 | - | - | - | - |
| Operating cash flow (approximation) | €6,707 | €7,411 | €7,392 | €7,250 | €6,052 | -€416 | - |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | €0 | €0 | - |
| Change in cash | - | €8,301 | - | -€11,979 | €6,879 | -€1,448 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 45 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 16-12-2025 | 2025-00582703 |
| 30-06-2024 | micro format | 10-12-2024 | 2024-00613296 |
| 30-06-2023 | micro format | 13-11-2024 | 2024-00533324 |
| 30-06-2022 | micro format | 28-02-2023 | 2023-00036196 |
| 30-06-2020 | micro format | 02-02-2021 | 2021-05000070 |
| 30-06-2019 | micro format | 28-02-2020 | 2020-06000327 |
| 30-06-2018 | micro format | 07-12-2018 | 2018-74300550 |
| 30-06-2017 | micro format | 23-01-2018 | 2018-02500111 |
| 30-06-2016 | abbreviated format | 18-01-2017 | 2017-01800099 |
| 30-06-2015 | abbreviated format | 04-01-2016 | 2016-00600156 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, no change since 2024
Johan De Walsche
CurrentStatutory director · since 10-01-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
2 people since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Johan De Walsche |
|
| Marie-José Robberechts |
|
Owners and capital
Capital and shareholders
Capital over the years
- 10-01-2024 Converted to unavailable equity · €23,789.48
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2025
16-12
NBB filing
Annual accounts filed
financial year 2025 · micro format
30-06
Financial
Weakest financial yearnet -€416
Net result drops to -€416, the lowest in the series.
2024
10-12
NBB filing
Annual accounts filed
financial year 2024 · micro format
13-11
NBB filing
Annual accounts filed
financial year 2023 · micro format · 287 days late
10-01
Gazette deed
Resignation: Marie-José Robberechts (statutory manager)Appointment: Johan De Walsche (statutory director) · Legal-form conversion · Capital conversion8 facts ▸
Gazette deed
Resignation: Marie-José Robberechts (statutory manager)
Appointment: Johan De Walsche (statutory director) · Legal-form conversion · Capital conversion8 facts ▸
- Legal-form conversion, “statuten aanpassen, rechtsvorm van de besloten vennootschap (afgekort BV) te behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening opheffen, middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Director resignation, Marie-José Robberechts (statutory manager)
- Amendment of the articles
- Capital
- Director appointment, Johan De Walsche (statutory director)
- Registered office clause, “9900 Eeklo, Peperstraat 1” (deed in Dutch)
2023
30-06
Financial
Highest result from 2019 to 2025net €7,250 ▲59%
Operating result €8,104, net result €7,250, both a record.
30-06
Financial
Equity above €150,000equity €150,224 ▲5.1%
A profit in every financial year since 2019 builds equity to €150,224.
28-02
NBB filing
Annual accounts filed
financial year 2022 · micro format · 28 days late
2021
02-02
NBB filing
Annual accounts filed
financial year 2020 · micro format · 2 days late
2020
28-02
NBB filing
Annual accounts filed
financial year 2019 · micro format · 28 days late
2018
07-12
NBB filing
Annual accounts filed
financial year 2018 · micro format
23-01
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
18-01
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
04-01
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 45 annual accounts filed, the latest 10 are here; all 45 are under Financials.
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded23-11-1977
Financial year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417829082
Also
9925:BE0417829082
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Eeklo · 1 establishment unit since 1994
Ground area
1.4 ha
Building footprint
2,948 m²
Building volume
27,141 m³
Parcel 43005B0511/00C003, Flanders · tallest building 11.9 m. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
ROWA BVBA
since 1994unit no. 2.014.327.239
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 43005B0511/00C003 | Flanders | 1.4 ha | 1 · 2,948 m² | 11.9 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het ter beschikking stellen van ruimten in de meest ruime zin van het woord bestemd voor onder andere opslag, berging, kantoor, werkplaats…” (deed in Dutch)
11 activities (deed in Dutch)
- Het ter beschikking stellen van ruimten in de meest ruime zin van het woord bestemd voor onder andere opslag, berging, kantoor, werkplaats, enzovoort.
- De aan- en de verkoop, de in- en uitvoer van: 1/ Alle recuperatiestoffen, tweedehands materiaal, tweedehands motoren, tweehands rollend materiaal, recycleerbaar materiaal, kranen, heftrucks, traktoren, kamions, kamionettes, personenwagens, jeeps, legerjeeps, trucks, allerhande legermateriaal, alle tweedehandsgoederen, tweedehands hydraulische en pneumatische machines, autobanden, banden voor traktoren en kamions, alle wisselstukken en onderdelen bestemd voor voornoemde goederen; 2/ Al het voornoemd materiaal in nieuwe staat.
- In bijkomende orde mag zij alle onderhoud, herstellingen, aanpassingen of wijzigingen uitvoeren aan de voornoemde activiteiten.
- Het kopen, verkopen, huren en verhuren van onroerende goederen.
- Het beheren van zowel roerend als onroerend patrimonium.
- Optreden als tussenpersoon in alle hiervoor en hierna opgesomde werkzaamheden.
- De studie en de uitvoering van industriële werken, industriële en centrale verwarming, sanitaire en electriciteitsinrichtingen, van alle metaalconstructies, montage- en demontagewerk, buizen- en andere sootrgelijke constructies, thermische en geluidsisolering, koelinstallaties, en alle roerende en onroerende handelingen die rechtstreeks of onrechtstreeks bij dit voorwerp aansluiten of kunnen bevorderen.
- Dit alles kan in de meest ruime zin vermits deze aanduiding louter opsommend en niet limitatief kan zijn.
- De vennootschap kan handelen voor eigen rekening, in consignatie, in commissie, als tussenpersoon of als vertegenwoordiger.
- Zij mag deelnemen in alle ondernemingen die een gelijkaardig of verwant voorwerp nastreven of die de verwezenlijking van het voorwerp van de vennootschap vergemakkelijken.
- In de regel mag de vennootschap alle daden stellen van burgerlijke, commerciële, industriële of financiële aard die rechtstreeks of onrechtstreeks geheel of gedeeltelijk in verband staan met het voorwerp van de vennootschap.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1” (deed in Dutch)“Mogelijkheid een deel van deze bevoegdheden te delegeren, handelingen die de wet of de statuten aan de algemene vergadering voorbehouden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 1 December at 10:00