Equity
€36,737 from €331,409 in 2008
Equity fell by 89% in 17 years.
Rowand
Lifetime
20 annual accounts with figures on one time axis, 37 filings since 1989peak €433,074 (2006)
€13,611▼ 36.8%
lowest -€96,094 (2009)
-€2,641▼ €12,385
peak €331,409 (2008)
€36,737▼ 6.7%
€95,420▼ 31.4%
peak 6.8 FTE (2012)
-not published
Board1 name since 2009
-
Owners
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Gross margin from €21,546 to €13,611Loss of €2,641Debts from €139,001 to €95,420Investments €27,815Cash from €52 to €145
Key points
from the 2025 annual accountsTurnover
≈ €200,000 estimated
The abbreviated format states no turnover.
Debts
€95,420 72% of the balance sheet
Financial debts 62%Suppliers 18%Taxes and wages 3%Other 17%
Of this, €81,070 falls due within a year.
Investments
€27,815 5.1 × depreciation
Green is investment, beige is depreciation.
Filings
37 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€36,737
Less equity than 82% of companies in specialised construction. Sector median €250,029 · 9,976 companies.
Checked score
51
Fair
Financially stronger than 20% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.4%highest value
01-2025: 3.1%▼ -2.3 percentage points vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.1%● unchanged vs 02-2025
04-2025: 3.0%▼ -0.1 percentage points vs 03-2025
05-2025: 2.8%▼ -0.2 percentage points vs 04-2025
06-2025: 2.7%▼ -0.1 percentage points vs 05-2025
07-2025: 3.1%▲ +0.4 percentage points vs 06-2025
08-2025: 4.0%▲ +0.9 percentage points vs 07-2025
09-2025: 4.2%▲ +0.2 percentage points vs 08-2025
10-2025: 4.6%▲ +0.4 percentage points vs 09-2025
11-2025: 2.0%▼ -2.6 percentage points vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.0%● unchanged vs 02-2026
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 1.9%▼ -0.1 percentage points vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026lowest value
07-2026: 1.9%● unchanged vs 06-2026
08-2026: 2.9%▲ +1.0 percentage point vs 07-2026
09-2026: 3.3%▲ +0.4 percentage points vs 08-2026
10-2026: 2.3%▼ -1.0 percentage point vs 09-2026
11-2026: 2.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 1.33, cash €145
lowers risk
Founded in 1988
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 29% of them on solvency, 10% on liquidity, 16% on profitability and 27% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 2,450 companies had the same profile as Rowand has now. Each dot stands for 7 companies, two years later.
93.3%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Rowand itself is higher: 2.3% within 12 months. It rests on far more data about Rowand than the profile alone.
Test of the method
The method was tested on the 497,448 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 2,450 companies, not a prediction for Rowand. 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
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33 (1.41 in 2024), below the usual 1.5. Short-term debt is 61.3% and cash 0.1% of total assets. 72.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
60 days late
2023
61 days late
2022
2 days late
2021
31 days late
2020
87 days late
2019
61 days late
← 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 52 days after 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 29 September (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
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- DE GRUYTER - CAUS 100%score 67equity €309,551 (2025) · 2025 annual accounts of DE GRUYTER - CAUS
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0436279472
Registered office moved from Wilrijk to Mortsel
New registered office: Dieseghemlei 9, 2640 Mortsel · Previous registered office: Rucaplein 532, 2610 Wilrijk, België · Resignation: DE GRUYTER-CAUS (director) · Gazette deed
Registered office moved from Antwerp to Wilrijk
New registered office: Rucaplein 532, 2610 Wilrijk, België · Previous registered office: Kalkstraat 5, 2060 Antwerpen · Permanent representative: De Gruyter Wim · Board meeting of 15-02-2018 · Gazette deed
Registered office moved from Zwijndrecht to Antwerp
New registered office: Kalkstraat 5, 2060 Antwerpen, België · Previous registered office: Lindenstraat 298, 2070 Zwijndrecht · Resignation: De Gruyter-Caus BVBA (manager) · Board meeting of 01-03-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Rowand Mortsel | €132,156 | €13,611 | 27.8% | - |
| B and P SERVICES Antwerp | €116,696 | €11,237 | 52.3% | - |
| POLAN Wanze | €125,081 | €10,973 | 18.7% | - |
| DEBAILLE ou ENTREPRISES DEBAILLE Montigny-le-Tilleul | €140,323 | €17,305 | 96.6% | - |
| COMPACT CLEAN Puurs-Sint-Amands | €147,500 | €20,350 | 39.0% | - |
| Simakon Mechelen | €109,749 | €9,560 | 92.3% | - |
| INTERNATIONAL BUSINESS ASSISTANCE Brasschaat | €153,358 | €8,676 | 54.9% | - |
These companies have the same main activity as Rowand: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €110,000 and €153,000, founded between 1983 and 1990.
Official details
Source: KBO- Status
- Active since 21-12-1988Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 1 other
- Establishment unit
- 2.041.599.9762640 Mortsel, since 10-01-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on Rowand
Rowand files the abbreviated format. That format states no turnover. The gross margin fell from €433,074 in 2006 to €13,611 in 2025.
DE GRUYTER - CAUS holds all the shares.
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 Rowand
- What is the company number of Rowand?
- The company number of Rowand is 0436.279.472. The VAT number is the same number with BE in front: BE 0436.279.472.
- Where is Rowand based?
- The registered office is at Dieseghemlei 9, 2640 Mortsel.Company details
- What does Rowand do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of Rowand?
- Rowand is a private limited company (BV).
- When was Rowand founded?
- Rowand was founded on 21-12-1988.
- Is Rowand still active?
- Yes, Rowand is an active enterprise in the KBO register.
- What is the turnover of Rowand?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €13,611 and 45 comparable companies (NACE 43990). It probably lies between €120,000 and €480,000. It is a rough estimate.Financials
- Is Rowand profitable?
- In financial year 2025, Rowand made a loss of €2,641.
- Where can I find the annual accounts of Rowand?
- Rowand filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Rowand due?
- Rowand must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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