ROWENS
ActiveROWENS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €687k and a net result of €214k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 3663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+11
Solvency91▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 4.46 against 2.18 in 2024; short-term debt: 12.6% and cash: 13.1% of total assets), and 33.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
66.5%
Return on assets
20.8%
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 03-08-2026, 3 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 · 9 filingsDeviation from the deadline
2025
3 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
61 d late
2020
90 d late
2019
101 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€687k▲ 45.4%
2024 · €472k
2018: €164k
2019: €172k
2020: €203k
2021: €285k
2022: €337k
2023: €425k
2024: €472k
2018 → 2025
Total assets
€1.03M▲ 23.9%
2024 · €833k
2018: €678k
2019: €639k
2020: €660k
2021: €740k
2022: €748k
2023: €794k
2024: €833k
2018 → 2025
Net result
€214k▲ 117%
2024 · €99k
2018: €26k
2019: €8k
2020: €32k
2021: €82k
2022: €51k
2023: €88k
2024: €99k
2018 → 2025
Working capital
€450k▲ 165%
2024 · €170k
2018: €65k
2019: €73k
2020: €102k
2021: €203k
2022: €105k
2023: €157k
2024: €170k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€285k-€337k▲ 18.0%€425k▲ 26.1%€472k▲ 11.3%€687k▲ 45.4%
Operating result€113k-€75k▼ 33.7%€129k▲ 72.8%€140k▲ 8.3%€280k▲ 101%
Net result€82k-€51k▼ 37.2%€88k▲ 70.4%€99k▲ 12.7%€214k▲ 117%
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 101% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€453k▼ 12.7%
Current assets
€580k▲ 84.3%
Equity and liabilities €1.03M
Equity
€687k▲ 45.4%
Provisions
€36k
Debt
€310k▼ 14.2%
The debt ratio falls from 43.3% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€340k▲
2024 · €211k
Cash flow
€274k▲
2024 · €170k
Solvency
66.5%▲
2024 · 56.7%
Current ratio
4.46▲
2024 · 2.18
Quick ratio
4.36▲
2024 · 2.08
Debt / equity
0.45▼
2024 · 0.76
ROE
31.2%▲
2024 · 20.9%
ROA
20.8%▲
2024 · 11.9%
Interest coverage
43.98▲
2024 · 33.81
Debt
€310k▼
2024 · €361k
Debt ≤ 1 year
€130k▼
2024 · €145k
Debt > 1 year
€174k▼
2024 · €211k
Income taxes
€27k▼
2024 · €40k
Staff costs
€128k▼
2024 · €174k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€833k€1.03M▲
Fixed assets21/28€519k€453k▼
Tangible fixed assets22/27€509k€438k▼
Land and buildings22€356k€329k▼
Plant, machinery and equipment23€72k€47k▼
Furniture and vehicles24€81k€63k▼
Financial fixed assets28€9k€14k▲
Current assets29/58€315k€580k▲
Stocks and contracts in progress3€13k€13k▼
Stocks30/36€13k€13k▼
Amounts receivable within one year40/41€8k€91k▲
Trade receivables40€7k€4k▼
Other amounts receivable41€1k€87k▲
Current investments50/53€150k€325k▲
Cash at bank and in hand54/58€124k€136k▲
Deferred charges and accrued income490/1€18k€15k▼
Equity and liabilities
Total equity and liabilities10/49€833k€1.03M▲
Equity10/15€472k€687k▲
Contributions10/11€113k€113k=
Reserves13€360k€574k▲
Tax-exempt reserves132-€146k
Distributable reserves133€360k€429k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16-€36k
Deferred taxes168-€36k
Amounts payable17/49€361k€310k▼
Amounts payable after more than one year17€211k€174k▼
Financial debts170/4€211k€174k▼
Amounts payable within one year42/48€145k€130k▼
Current portion of amounts payable after more than one year42€38k€37k▼
Trade debts44€34k€17k▼
Suppliers440/4€34k€17k▼
Advances received on contracts in progress46€1k€445▼
Taxes, remuneration and social security45€53k€42k▼
Taxes450/3€33k€29k▼
Remuneration and social security454/9€20k€13k▼
Other amounts payable47/48€19k€34k▲
Accrued charges and deferred income492/3€6k€6k▲
Income statement
Code20242025
Non-recurring operating income76A-€183k
Remuneration, social security and pensions62€174k€128k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€59k▼
Other operating charges640/8€14k€15k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€398k€484k▲
Operating profit (loss)9901€140k€280k▲
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€139k€278k▲
Transfer from deferred taxes780-€114
Transfer to deferred taxes680-€37k
Income taxes67/77€40k€27k▼
Profit (loss) for the period9904€99k€214k▲
Transfer from tax-exempt reserves789-€455
Transfer to tax-exempt reserves689-€146k
Profit (loss) for the period to be appropriated9905€99k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€69k▼
Transfer from equity791/2€51k€0▼
Transfer to equity691/2€99k€69k▼
To other reserves6921€99k€69k▼
Profit to be distributed694/7€51k€0▼
Directors or managers695€51k€0▼
Social balance
Average headcount (FTE)90873.02.4▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Highest result since 2018net €214k ▲117%
Operating result €280k, net result €214k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.46
Current ratio from 2.18 to 4.46; short-term debt falls from €145k to €130k.
31-12
Financial
Equity above €500kEq €687k ▲45.4%
8 profitable years in a row build equity to €687k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Equity above €200kEq €203k ▲18.5%
3 profitable years in a row build equity to €203k.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €8k ▼68.4%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bredene · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kapelstraat 1658450 BredeneGround area
629 m²
Building footprint
445 m²
Volume, LiDAR
2,828 m³
Parcel 35302C0365/02V000, Flanders · tallest building 14.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Moeder Lambik
since 20162.252.132.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302C0365/02V000 | Flanders | 629 m² | 1 · 445 m² | 14.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBredene2.252.132.835
Similar companies · same sector, comparable size
JAKPAT
BE 0820.683.940
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BAVEV
BE 0735.823.687
Mol · Eq €687k
PANADAS FACTORY
BE 0829.395.035
Anderlecht · Eq €686k
LA REGALADE
BE 0872.355.840
Arlon · Eq €684k
ROUGE E BLANC
BE 0820.168.949
Izegem · Eq €690k
Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 5,364 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-04-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
49410Freight transport by road
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.