ROWE
ActiveSummary
ROWE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €704,446 and a net result of €70,459. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 47% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+1
Solvency74▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 4.37 against 0.69 in 2024; short-term debt: 4.8% and cash: 9.6% of total assets), but 50.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
49.1%
Return on assets
4.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €704,446
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
27 d early
2022
25 d early
2021
59 d early
2020
58 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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, abbreviated schema
Equity
€704,446▲ 4.3%
2024 · €675,091
Total assets
€1.4m▲ 3.0%
2024 · €1.4m
Net result
€70,459▼ 20.2%
2024 · €88,347
Working capital
€233,712
2024 · -€111,319
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,045▲ 4.4%€44,806▼ 10.5%€53,229▲ 18.8%€53,500▲ 0.5%€55,051▲ 2.9%
Net result€51,418within the sector's middle half▲ 41.9%€48,160within the sector's middle half▼ 6.3%€95,218above the sector's middle half▲ 97.7%€88,347within the sector's middle half▼ 7.2%€70,459within the sector's middle half▼ 20.2%
Equity€786,379within the sector's middle half▲ 7.0%€834,539within the sector's middle half▲ 6.1%€634,632above the sector's middle half▼ 24.0%€675,091within the sector's middle half▲ 6.4%€704,446within the sector's middle half▲ 4.3%
Total assets€1.2mwithin the sector's middle half▼ 3.0%€1.3mwithin the sector's middle half▲ 4.1%€1.3mabove the sector's middle half▲ 3.8%€1.4mwithin the sector's middle half▲ 5.1%€1.4mwithin the sector's middle half▲ 3.0%
Debt€411,785▼ 17.5%€416,007▲ 1.0%€667,299▲ 60.4%€697,473▲ 4.5%€712,238▲ 2.1%
Working capital€22,765within the sector's middle half▲ 107%€41,716within the sector's middle half▲ 83.2%-€147,375below the sector's middle half-€111,319below the sector's middle half▲ 24.5%€233,712within the sector's middle half
Solvency64.1%within the sector's middle half▲ 6.0pp65.4%within the sector's middle half▲ 1.3pp47.9%within the sector's middle half▼ 17.5pp48.4%within the sector's middle half▲ 0.6pp49.1%within the sector's middle half▲ 0.6pp
Current ratio1.63within the sector's middle half▲ 0.521.77within the sector's middle half▲ 0.130.56below the sector's middle half▼ 1.210.69within the sector's middle half▲ 0.134.37above the sector's middle half▲ 3.68
Return on assets (ROA)4.2%within the sector's middle half▲ 1.3pp3.8%within the sector's middle half▼ 0.4pp7.2%within the sector's middle half▲ 3.4pp6.3%within the sector's middle half▼ 0.8pp4.9%within the sector's middle half▼ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.1m ▼ 1.4%
Current assets
€303,153 ▲ 23.4%
Equity and liabilities €1.4m
Equity
€704,446 ▲ 4.3%
Provisions
€18,691 ▼ 11.8%
Debt
€712,238 ▲ 2.1%
Debt's share of the balance-sheet total falls from 50.0% to 49.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,977=
2024 · €73,965
Cash flow
€89,385▼
2024 · €108,812
Debt to equity
1.01▼
2024 · 1.03
ROE
10.0%▼
2024 · 13.1%
Interest coverage
3.13▲
2024 · 2.75
Debt ≤ 1 year
€69,440▼
2024 · €357,030
Debt > 1 year
€637,960▲
2024 · €340,443
Income taxes
€16,448▼
2024 · €16,841
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% 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 497,662 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 14,733 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,559 | €19,686 | €18,149 | €20,465 | €18,926 | ▼ 7.5% |
| Other operating charges640/8 | €3,138 | €3,358 | €4,050 | €4,217 | €4,369 | ▲ 3.6% |
| Non-recurring operating charges66A | - | - | €500 | - | - | - |
| Gross operating margin9900 | €74,742 | €67,850 | €75,928 | €78,182 | €78,347 | ▲ 0.2% |
| Operating profit (loss)9901 | €50,045 | €44,806 | €53,229 | €53,500 | €55,051 | ▲ 2.9% |
| Financial income75/76B | €30,000 | €30,000 | €75,172 | €76,077 | €53,020 | ▼ 30.3% |
| Recurring financial income75 | €30,000 | €30,000 | €75,172 | €76,077 | €53,020 | ▼ 30.3% |
| Financial charges65/66B | €16,880 | €16,030 | €16,191 | €26,893 | €23,667 | ▼ 12.0% |
| Recurring financial charges65 | €16,880 | €16,030 | €16,191 | €26,893 | €23,667 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €63,165 | €58,776 | €112,210 | €102,685 | €84,404 | ▼ 17.8% |
| Transfer from deferred taxes780 | €2,504 | €2,504 | €2,504 | €2,504 | €2,504 | = |
| Income taxes67/77 | €14,251 | €13,120 | €19,497 | €16,841 | €16,448 | ▼ 2.3% |
| Profit (loss) for the period9904 | €51,418 | €48,160 | €95,218 | €88,347 | €70,459 | ▼ 20.2% |
| Transfer from tax-exempt reserves789 | €4,863 | €4,863 | €4,863 | €4,863 | €4,863 | = |
| Profit (loss) for the period to be appropriated9905 | €56,281 | €53,023 | €100,080 | €93,210 | €75,322 | ▼ 19.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.3m | €1.4m | €1.4m | ▲ 3.0% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 1.4% |
| Tangible fixed assets22/27 | €487,572 | €500,092 | €457,086 | €467,400 | €451,574 | ▼ 3.4% |
| Land and buildings22 | €487,572 | €500,092 | €457,086 | €467,400 | €450,556 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | - | - | - | €1,019 | - |
| Financial fixed assets28 | €680,648 | €680,648 | €680,648 | €680,648 | €680,648 | = |
| Current assets29/58 | €58,650 | €96,009 | €187,896 | €245,711 | €303,153 | ▲ 23.4% |
| Amounts receivable within one year40/41 | - | €191 | €12,637 | €4,846 | €11,196 | ▲ 131% |
| Trade receivables40 | - | - | €12,637 | €1,365 | €1,738 | ▲ 27.4% |
| Other amounts receivable41 | - | €191 | - | €3,482 | €9,458 | ▲ 172% |
| Current investments50/53 | - | - | - | - | €154,838 | - |
| Cash at bank and in hand54/58 | €58,650 | €95,818 | €173,129 | €240,864 | €137,120 | ▼ 43.1% |
| Deferred charges and accrued income490/1 | - | - | €2,129 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.3m | €1.4m | €1.4m | ▲ 3.0% |
| Equity10/15 | €786,379 | €834,539 | €634,632 | €675,091 | €704,446 | ▲ 4.3% |
| Contributions10/11 | €224,000 | €224,000 | €224,000 | €224,000 | €224,000 | = |
| Capital10 | €224,000 | - | - | - | - | - |
| Issued capital100 | €224,000 | - | - | - | - | - |
| Reserves13 | €562,379 | €610,539 | €410,632 | €451,091 | €480,446 | ▲ 6.5% |
| Non-distributable reserves130/1 | €22,400 | - | - | - | - | - |
| Legal reserve130 | €22,400 | - | - | - | - | - |
| Tax-exempt reserves132 | €55,749 | €50,886 | €46,024 | €41,161 | €36,298 | ▼ 11.8% |
| Distributable reserves133 | €484,230 | €559,653 | €364,609 | €409,930 | €444,148 | ▲ 8.3% |
| Provisions and deferred taxes16 | €28,706 | €26,202 | €23,699 | €21,195 | €18,691 | ▼ 11.8% |
| Deferred taxes168 | €28,706 | €26,202 | €23,699 | €21,195 | €18,691 | ▼ 11.8% |
| Amounts payable17/49 | €411,785 | €416,007 | €667,299 | €697,473 | €712,238 | ▲ 2.1% |
| Amounts payable after more than one year17 | €375,900 | €361,714 | €332,028 | €340,443 | €637,960 | ▲ 87.4% |
| Financial debts170/4 | €375,900 | €361,714 | €332,028 | €340,443 | €637,960 | ▲ 87.4% |
| Amounts payable within one year42/48 | €35,884 | €54,293 | €335,271 | €357,030 | €69,440 | ▼ 80.6% |
| Current portion of amounts payable after more than one year42 | €19,936 | €32,186 | €15,714 | €12,025 | €12,484 | ▲ 3.8% |
| Trade debts44 | €2,291 | €6,081 | €5,279 | €3,810 | €2,084 | ▼ 45.3% |
| Suppliers440/4 | €2,291 | €6,081 | €5,279 | €3,810 | €2,084 | ▼ 45.3% |
| Taxes, remuneration and social security45 | €8,923 | €10,821 | €26,292 | €11,637 | €10,404 | ▼ 10.6% |
| Taxes450/3 | €8,923 | €10,821 | €26,292 | €11,637 | €10,404 | ▼ 10.6% |
| Other amounts payable47/48 | €4,734 | €5,204 | €287,986 | €329,558 | €44,468 | ▼ 86.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,838 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,418 | €48,160 | €95,218 | €88,347 | €70,459 | ▼ 20.2% |
| + Depreciation and write-downs630 | €21,559 | €19,686 | €18,149 | €20,465 | €18,926 | ▼ 7.5% |
| Operating cash flow (approximation) | €72,977 | €67,846 | €113,366 | €108,812 | €89,385 | ▼ 17.9% |
| Investment in fixed assets (approximation) | - | -€32,206 | €24,858 | -€30,779 | -€3,100 | ▲ 89.9% |
| Change in cash | - | €37,168 | €77,312 | €67,735 | -€103,745 | ▼ 253% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 6current ratio 4.37
Current ratio from 0.69 to 4.37; short-term debt falls from €357,030 to €69,440.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €95,218 ▲97.7%
Net result €95,218, the highest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €36,241 ▼15.8%
Net result drops to €36,241, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.02
Current ratio from 2.47 to 5.02; short-term debt falls from €22,209 to €16,053.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 1989
Ground area
320 m²
Building footprint
173 m²
Volume, LiDAR
1,505 m³
Parcel 21526D0266/00K002, Brussels · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ROWE
since 19892.044.886.001
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0266/00K002 | Brussels | 320 m² | 1 · 173 m² | 11.2 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
75%
According to the 2025 annual accounts of ROWE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 31,538 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-04-1989
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437347759
Also
9925:BE0437347759
Registered
08-04-2024
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.