ROWEBE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 18-06-2026 at the NBB all 25 filings
Turnover
≈ €250,000
Estimated: probably between €180,000 and €440,000
Total assets
€547,152▲ 4.3%
2024 · €524,536
Net result
€79,782▼ 19.4%
2024 · €99,026
Working capital
€499,600▲ 11.9%
2024 · €446,516
In the rankings
#1 oldest company in Meerhout, Telecoms and IT sector#2 company by equity in Meerhout, Telecoms and IT sector#4 company by total assets in Meerhout, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€94,588
▼ 4.4%
2025
20182025
Net result
€79,782
▼ 19.4%
2025
highest quarter of the sector
20182025
Equity
€502,852
▲ 11.5%
2025
highest quarter of the sector
20182025
Total assets
€547,152
▲ 4.3%
2025
middle half of the sector
20182025
Debt
€44,300
▼ 39.7%
2025
20182025
Working capital
€499,600
▲ 11.9%
2025
highest quarter of the sector
20182025
Solvency
91.9%
▲ 5.9pp
2025
highest quarter of the sector
20182025
Current ratio
12.28
▲ 5.20
2025
highest quarter of the sector
20182025
Return on assets (ROA)
14.6%
▼ 4.3pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€42,370-€34,407▼ 18.8%€73,299▲ 113%€80,193▲ 9.4%€88,561▲ 10.4%€94,672▲ 6.9%€98,975▲ 4.5%€94,588▼ 4.4%
Net result€34,068-€27,983▼ 17.9%€55,777within the sector's middle half▲ 99.3%€78,913within the sector's middle half▲ 41.5%€70,602within the sector's middle half▼ 10.5%€74,823within the sector's middle half▲ 6.0%€99,026within the sector's middle half▲ 32.3%€79,782above the sector's middle half▼ 19.4%
Equity€245,246-€273,229▲ 11.4%€295,256within the sector's middle half▲ 8.1%€289,169within the sector's middle half▼ 2.1%€329,071within the sector's middle half▲ 13.8%€385,994within the sector's middle half▲ 17.3%€451,020within the sector's middle half▲ 16.8%€502,852above the sector's middle half▲ 11.5%
Total assets€267,127-€303,620▲ 13.7%€315,235within the sector's middle half▲ 3.8%€307,724within the sector's middle half▼ 2.4%€346,942within the sector's middle half▲ 12.7%€417,367within the sector's middle half▲ 20.3%€524,536within the sector's middle half▲ 25.7%€547,152within the sector's middle half▲ 4.3%
Debt€21,881-€30,391▲ 38.9%€19,980▼ 34.3%€18,555▼ 7.1%€17,870▼ 3.7%€31,373▲ 75.6%€73,516▲ 134%€44,300▼ 39.7%
Working capital€245,246-€261,465▲ 6.6%€293,468within the sector's middle half▲ 12.2%€288,374within the sector's middle half▼ 1.7%€327,286within the sector's middle half▲ 13.5%€383,417within the sector's middle half▲ 17.2%€446,516within the sector's middle half▲ 16.5%€499,600above the sector's middle half▲ 11.9%
Solvency91.8%-90.0%▼ 1.8pp93.7%above the sector's middle half▲ 3.7pp94.0%above the sector's middle half▲ 0.3pp94.8%above the sector's middle half▲ 0.9pp92.5%above the sector's middle half▼ 2.4pp86.0%above the sector's middle half▼ 6.5pp91.9%above the sector's middle half▲ 5.9pp
Current ratio12.21-9.60▼ 2.6115.69above the sector's middle half▲ 6.0816.54above the sector's middle half▲ 0.8519.31above the sector's middle half▲ 2.7713.22above the sector's middle half▼ 6.097.07above the sector's middle half▼ 6.1512.28above the sector's middle half▲ 5.20
Return on assets (ROA)12.8%-9.2%▼ 3.5pp17.7%above the sector's middle half▲ 8.5pp25.6%above the sector's middle half▲ 8.0pp20.3%above the sector's middle half▼ 5.3pp17.9%above the sector's middle half▼ 2.4pp18.9%above the sector's middle half▲ 1.0pp14.6%within the sector's middle half▼ 4.3pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 4% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated 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 €547,152
Fixed assets
€3,252 ▼ 27.8%
Current assets
€543,900 ▲ 4.6%
Equity and liabilities €547,152
Equity
€502,852 ▲ 11.5%
Debt
€44,300 ▼ 39.7%
Debt's share of the balance-sheet total falls from 14.0% to 8.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95,840▼
2024 · €99,748
Cash flow
€81,034▼
2024 · €99,798
Debt to equity
0.09▼
2024 · 0.16
ROE
15.9%▼
2024 · 22.0%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€44,300▼
2024 · €73,516
Income taxes
€28,336▼
2024 · €32,549
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,135 | €1,423 | €2,699 | - |
| Depreciation and write-downs of the year | €993 | €1,144 | €631 | €773 | €1,251 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €246 awarded · €246 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €16,866 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €10,771 | €9,977 | €993 | €1,144 | €631 | €773 | €1,251 | ▲ 62.0% |
| Other operating charges640/8 | - | - | - | €522 | €525 | €578 | €590 | €607 | ▲ 2.9% |
| Gross operating margin9900 | €42,884 | €45,695 | €83,849 | €81,707 | €90,231 | €95,881 | €100,338 | €96,447 | ▼ 3.9% |
| Operating profit (loss)9901 | €42,370 | €34,407 | €73,299 | €80,193 | €88,561 | €94,672 | €98,975 | €94,588 | ▼ 4.4% |
| Financial income75/76B | - | - | - | €26,620 | €5,493 | €8,439 | €32,920 | €14,368 | ▼ 56.4% |
| Recurring financial income75 | €6,540 | €5,142 | €6,967 | €26,620 | €5,493 | €8,439 | €32,920 | €14,368 | ▼ 56.4% |
| Financial charges65/66B | - | - | - | €267 | €218 | €265 | €320 | €838 | ▲ 162% |
| Recurring financial charges65 | €915 | €604 | €394 | €267 | €218 | €265 | €320 | €838 | ▲ 162% |
| Profit (loss) for the period before taxes9903 | €47,995 | €38,944 | €79,872 | €106,546 | €93,836 | €102,845 | €131,575 | €108,118 | ▼ 17.8% |
| Income taxes67/77 | €13,927 | €10,961 | €24,096 | €27,633 | €23,233 | €28,023 | €32,549 | €28,336 | ▼ 12.9% |
| Profit (loss) for the period9904 | €34,068 | €27,983 | €55,777 | €78,913 | €70,602 | €74,823 | €99,026 | €79,782 | ▼ 19.4% |
| Profit (loss) for the period to be appropriated9905 | €34,068 | €27,983 | €55,777 | €78,913 | €70,602 | €74,823 | €99,026 | €79,782 | ▼ 19.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €267,127 | €303,620 | €315,235 | €307,724 | €346,942 | €417,367 | €524,536 | €547,152 | ▲ 4.3% |
| Fixed assets21/28 | - | €11,764 | €1,787 | €794 | €1,786 | €2,577 | €4,504 | €3,252 | ▼ 27.8% |
| Tangible fixed assets22/27 | - | €11,764 | €1,787 | €794 | €1,786 | €2,577 | €4,504 | €3,252 | ▼ 27.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | €499 | €3,025 | €2,373 | ▼ 21.5% |
| Furniture and vehicles24 | - | - | - | - | - | €720 | €547 | €374 | ▼ 31.5% |
| Other tangible fixed assets26 | - | - | - | €794 | €1,786 | €1,358 | €931 | €504 | ▼ 45.9% |
| Current assets29/58 | €267,127 | €291,856 | €313,448 | €306,930 | €345,156 | €414,790 | €520,033 | €543,900 | ▲ 4.6% |
| Amounts receivable within one year40/41 | €29,597 | €40,332 | €32,572 | €5,545 | €34,098 | €34,098 | €51,147 | €51,672 | ▲ 1.0% |
| Trade receivables40 | - | - | - | - | €34,098 | €34,098 | €51,147 | €51,147 | = |
| Other amounts receivable41 | - | - | - | €5,545 | - | - | - | €525 | - |
| Current investments50/53 | €149,528 | €149,528 | €149,528 | €219,403 | €228,403 | €264,403 | €318,010 | €417,728 | ▲ 31.4% |
| Cash at bank and in hand54/58 | €86,259 | €100,063 | €129,345 | €78,875 | €81,383 | €114,938 | €149,404 | €60,864 | ▼ 59.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,107 | €1,273 | €1,352 | €1,472 | €13,636 | ▲ 826% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €267,127 | €303,620 | €315,235 | €307,724 | €346,942 | €417,367 | €524,536 | €547,152 | ▲ 4.3% |
| Equity10/15 | €245,246 | €273,229 | €295,256 | €289,169 | €329,071 | €385,994 | €451,020 | €502,852 | ▲ 11.5% |
| Contributions10/11 | €7,750 | €7,750 | - | €9,750 | €9,750 | €9,750 | €9,750 | €9,750 | = |
| Reserves13 | €231,050 | €259,000 | €279,000 | €272,900 | €312,750 | €369,650 | €434,650 | €486,450 | ▲ 11.9% |
| Distributable reserves133 | - | - | - | €272,900 | €312,750 | €369,650 | €434,650 | €486,450 | ▲ 11.9% |
| Profit (loss) carried forward14 | €6,446 | €6,479 | €6,506 | €6,519 | €6,571 | €6,594 | €6,620 | €6,652 | ▲ 0.5% |
| Amounts payable17/49 | €21,881 | €30,391 | €19,980 | €18,555 | €17,870 | €31,373 | €73,516 | €44,300 | ▼ 39.7% |
| Amounts payable within one year42/48 | €21,881 | €30,391 | €19,980 | €18,555 | €17,870 | €31,373 | €73,516 | €44,300 | ▼ 39.7% |
| Trade debts44 | €480 | €7,189 | €1,241 | €5,015 | €3,963 | €4,042 | €2,942 | €3,911 | ▲ 33.0% |
| Suppliers440/4 | - | - | - | €5,015 | €3,963 | €4,042 | €2,942 | €3,911 | ▲ 33.0% |
| Taxes, remuneration and social security45 | - | - | - | €7,180 | €7,977 | €5,991 | €15,436 | €2,695 | ▼ 82.5% |
| Taxes450/3 | - | - | - | €7,180 | €7,977 | €5,991 | €15,436 | €2,695 | ▼ 82.5% |
| Other amounts payable47/48 | - | - | - | €6,360 | €5,931 | €21,340 | €55,138 | €37,694 | ▼ 31.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,068 | €27,983 | €55,777 | €78,913 | €70,602 | €74,823 | €99,026 | €79,782 | ▼ 19.4% |
| + Depreciation and write-downs630 | - | €10,771 | €9,977 | €993 | €1,144 | €631 | €773 | €1,251 | ▲ 62.0% |
| Operating cash flow (approximation) | €34,068 | €38,754 | €65,753 | €79,906 | €71,747 | €75,454 | €99,798 | €81,034 | ▼ 18.8% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€2,135 | -€1,423 | -€2,699 | €0 | - |
| Change in cash | - | €13,804 | €29,282 | -€50,470 | €2,508 | €33,555 | €34,466 | -€88,540 | - |
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, 20,136 companies had the same profile as ROWEBE has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of ROWEBE itself: < 0.1% 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 20,136 companies, not a prediction for ROWEBE. 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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-06-2026 | 2026-00172015 | |
| 31-12-2024 | abbreviated format | 25-06-2025 | 2025-00175190 | |
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00158473 | |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00161137 | |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20099438 | |
| 31-12-2020 | abbreviated format | 22-06-2021 | 2021-22200048 | |
| 31-12-2019 | abbreviated format | 23-06-2020 | 2020-19000559 | |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-22200566 | |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-24700145 | |
| 31-12-2016 | abbreviated format | 05-07-2017 | 2017-27300500 |