Losses
-€345,536
2 loss-making years in a row. Loss in financial year 2025.
ROX IMMO
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1993peak €3.6m (2021)
€745,937▼ 22.5%
lowest -€345,536 (2025)
-€345,536▼ €907,017
peak €3.3m (2024)
€2.8m▼ 14.2%
€9.4m▲ 28.7%
peak 10.2 FTE (2008)
1 FTEunchanged
Board4 names since 2018
2 directorsD.P.G.C. and 1 other
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Gross margin from €962,830 to €745,937Loss of €345,536Equity from €3.3m to €2.8mDebts from €7.3m to €9.4mInvestments €2.4m
Key points
from the 2025 annual accountsDebts
€9.4m 73% of the balance sheet
Financial debts 70%Suppliers 0%Taxes and wages 0%Other 29%
€6.6m of the debts are secured on the company's own assets. In 2022 that was €6.0m.
Investments
€2.4m 4.0 × depreciation
Green is investment, beige is depreciation.
Staff
1 FTE from 10.2 in 2008
Between 2008 and 2025, 90% of the full-time equivalents disappeared.
Liquidity
0.22 was 0.87 in 2024
Short-term debts rose from €1.1m to €3.6m.
Position in the sector
-€345,536
Lower net result than 91% of companies in real estate. Sector median €20,526 · 5,817 companies.
Checked score
90
Excellent
Financially stronger than 34% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged 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 05-2025lowest value
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: 0.2%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.1 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged 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 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.22, cash €117,793
lowers risk
Size: 1 FTE, total assets €12.8m
Founded in 1992
Figures for financial year 2025 (filed on 27-07-2026)
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 68, micro). It does better than 42% of them on solvency, 33% on liquidity and 27% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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 ROX IMMO has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ROX IMMO itself is lower: 0.1% within 12 months. It rests on far more data about ROX IMMO than the profile alone.
Test of the method
The method was tested on the 497,447 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 ROX IMMO. 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 €250,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.22, below 1. Short-term debt is 28.1% and cash 0.9% of total assets. 77.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2025
9 days early
2024
1 day early
2023
1 day early
2022
3 days late
2021
3 days late
2020
30 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 3 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Didier de SPA 1,150 sharesdeed of 20-02-2024
- Bernadette KAIVERS 100 sharesdeed of 20-02-2024
Shares in 2 companies, ECOMOTORS and VESDRE BELLE RIVE
Board & ownershipRecent changes
Purpose change
“56102 : Restauration à service restreint; 45320 : Commerce de détail d'équipements de véhicules automobiles…” (deed in French) · General meeting of 23-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0447590761
2 directors appointed, 1 resignation
Appointments: Didier de Spa and D.P.G.C. · Permanent representative: Bernadette Kaivers · Resignation: Bernadette Kaivers · General meeting of 30-09-2024 · Gazette deed
Merger: ROX IMMO takes over ECOMOTORS
Resignations: Didier de SPA (director) and KAIVERS Bernadette Adrienne Jean-Marie (director) · Appointment: D.P.G.C. (sole director) · Permanent representatives: Didier de SPA and KAIVERS Bernadette Adrienne Jean-Marie · General meeting of 28-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ROX IMMO Theux | €12.8m | €0.7m | 22.2% | 1 |
| CONCORDE Wervik | €13.6m | €0.9m | 50.4% | 1 |
| ARCADE Liège | €10.3m | €1.1m | 24.1% | 1 |
| INSUMAT Ghent | €9.7m | €0.7m | 21.3% | 1 |
| FREDERIK EN ISABELLE DOSSCHE MANAGEMENT Ghent | €17.6m | €0.6m | 34.1% | 0.8 |
| VH-INVEST Bruges | €12.4m | €0.5m | 52.7% | 1 |
| I - PROJECTS Antwerp | €21.5m | €1.0m | 26.9% | 0.8 |
These companies have the same main activity as ROX IMMO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €9.7m and €22m, founded between 1989 and 2001.
Official details
Source: KBO- Status
- Active since 03-06-1992Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2025
- Establishment unit
- 2.130.921.1404910 Theux, since 02-07-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 23-10-2025
Annual accounts 2025
- ≈ €1.3mestimated
- €12.8m▲ 16.4%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on ROX IMMO
ROX IMMO has existed since 1992. The gross margin fell from €3.6m in 2021 to €878,337 in 2022.
Solvency fell in 2025 from 29.5% to 22.2% because of the loss.
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 ROX IMMO
- What is the company number of ROX IMMO?
- The company number of ROX IMMO is 0447.590.761. The VAT number is the same number with BE in front: BE 0447.590.761.
- Where is ROX IMMO based?
- The registered office is at Trou du Loup 12, 4910 Theux.Company details
- What does ROX IMMO do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of ROX IMMO?
- ROX IMMO is a public limited company (NV).
- When was ROX IMMO founded?
- ROX IMMO was founded on 03-06-1992.
- Is ROX IMMO still active?
- Yes, ROX IMMO is an active enterprise in the KBO register.
- How many employees does ROX IMMO have?
- ROX IMMO had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ROX IMMO fall under?
- In its 31-03-2025 annual accounts, ROX IMMO states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ROX IMMO?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €745,937 and 40 comparable companies (NACE 681). It probably lies between €1.0m and €2.2m.
- Is ROX IMMO profitable?
- In financial year 2025, ROX IMMO made a loss of €345,536.
- Where can I find the annual accounts of ROX IMMO?
- ROX IMMO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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