Losses
2 loss-making years in a row. Loss in financial year 2025.
2 loss-making years in a row. Loss in financial year 2025.
€6.6m of the debts are secured on the company's own assets. In 2022 that was €6.0m.
Green is investment, beige is depreciation.
Between 2008 and 2025, 90% of the full-time equivalents disappeared.
Short-term debts rose from €1.1m to €3.6m.
Lower net result than 91% of companies in real estate. Sector median €20,526 · 5,817 companies.
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).
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).
In July 2024, 2,450 companies had the same profile as ROX IMMO has now. Each dot stands for 7 companies, two years later.
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.
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.
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.
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.
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.
Shares in 2 companies, ECOMOTORS and VESDRE BELLE RIVE
Board & ownership| 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.
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.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.3m. Estimated: probably between €1.0m and €2.2m.
Higher than 35% of 5,810 companies in 2025.
Higher than 17% of 5,561 companies in 2025.
Higher than 19% of 5,784 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
12.8m | 11.2m | 9.1m | 10.1m | 11.2m | 9.5m | 10.5m | 11.4m | 4.7m | 4.5m | 4.7m | 5.5m | 4.2m | 4.5m | 4.4m | 5.1m | 3.9m | 3.9m | 3.8m | |
20 |
2,592 | 3,379 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
12.0m | 10.2m | 6.3m | 6.8m | 7.3m | 9.3m | 10.0m | 10.6m | 3.8m | 3.8m | 2.9m | 3.0m | 3.8m | 4.0m | 3.8m | 3.4m | 2.5m | 2.7m | 2.7m | |
21 |
- | - | - | - | - | - | 9,592 | 12,788 | 15,985 | 19,181 | 22,377 | 25,574 | - | - | - | 490 | 735 | - | - | |
22/27 |
12.0m | 10.2m | 6.0m | 6.5m | 7.0m | 8.9m | 9.7m | 10.2m | 3.5m | 3.4m | 2.6m | 2.6m | 3.4m | 3.6m | 3.5m | 3.0m | 2.5m | 2.7m | 2.7m | |
22 |
11.2m | 9.3m | 5.9m | 6.4m | 7.0m | 8.9m | 9.7m | 10.2m | 3.5m | 3.4m | 2.6m | 2.6m | 3.4m | 3.6m | 3.5m | 2.9m | 2.4m | 2.5m | 2.6m | |
23 |
114,744 | 118,406 | 52,600 | 31,324 | 8,937 | 12,358 | 6,592 | 1,820 | - | - | - | - | - | - | - | 52,922 | 70,302 | 44,506 | 42,414 | |
24 |
68,710 | 108,562 | 30,088 | 31,876 | 2,033 | 3,340 | 8,572 | 11,334 | 6,193 | 12,384 | - | - | 4,089 | 7,931 | 11,772 | 90,300 | 70,940 | 61,331 | 59,593 | |
25 |
632,677 | 705,446 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,500 | 554 | 554 | 2,025 | |
28 |
25,244 | 25,744 | 352,598 | 354,398 | 354,398 | 352,398 | 352,398 | 352,398 | 350,826 | 350,826 | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 351,487 | 1,487 | 1,487 | 1,488 | |
29/58 |
784,109 | 989,711 | 2.7m | 3.3m | 3.9m | 242,866 | 439,411 | 787,140 | 860,095 | 716,278 | 1.8m | 2.5m | 438,925 | 587,488 | 616,252 | 1.7m | 1.4m | 1.3m | 1.1m | |
3 |
- | - | - | - | - | - | - | - | - | - | 973,756 | 1.9m | - | - | - | 1.1m | 840,392 | 726,881 | 704,538 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | 973,756 | 1.9m | - | - | - | 1.1m | 840,392 | 726,881 | 704,538 | |
40/41 |
640,240 | 781,770 | 438,399 | 2.9m | 2.8m | 114,629 | 401,153 | 711,823 | 767,583 | 614,419 | 795,388 | 471,783 | 394,432 | 566,097 | 596,669 | 573,896 | 438,908 | 476,544 | 379,859 | |
40 |
295,682 | 14,104 | 92,099 | 2.7m | 2.6m | 9,256 | 248,411 | 274,351 | 334,689 | 9,934 | 403,955 | 80,801 | 188 | 171,407 | 185,162 | 537,688 | 427,356 | 423,669 | 372,941 | |
41 |
344,558 | 767,665 | 346,300 | 285,220 | 144,736 | 105,372 | 152,742 | 437,472 | 432,894 | 604,485 | 391,433 | 390,982 | 394,244 | 394,690 | 411,507 | 36,209 | 11,552 | 52,875 | 6,918 | |
54/58 |
117,793 | 104,408 | 2.3m | 60,171 | 1.1m | 123,112 | 34,712 | 72,797 | 91,257 | 78,768 | 37,910 | 72,483 | 34,424 | 20,121 | 14,584 | 48,872 | 71,760 | 21,340 | 50,078 | |
490/1 |
26,076 | 103,533 | 6,432 | 293,632 | 6,047 | 5,126 | 3,546 | 2,520 | 1,254 | 23,091 | 355 | 10,334 | 10,069 | 1,269 | 4,999 | 3,036 | 3,409 | 42,400 | 680 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
12.8m | 11.2m | 9.1m | 10.1m | 11.2m | 9.5m | 10.5m | 11.4m | 4.7m | 4.5m | 4.7m | 5.5m | 4.2m | 4.5m | 4.4m | 5.1m | 3.9m | 3.9m | 3.8m | |
10/15 |
2.8m | 3.3m | 2.7m | 2.6m | 2.5m | 473,730 | 433,437 | 346,076 | 316,962 | 169,716 | 32,769 | 10,332 | 134,524 | 106,210 | 80,282 | 696,129 | 568,027 | 517,281 | 497,981 | |
10/11 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 100,000 | 100,000 | 100,000 | 100,000 | |
10 |
61,500 | 61,500 | 61,500 | 61,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 100,000 | 100,000 | 100,000 | 100,000 | |
13 |
2.4m | 2.5m | 2.6m | 2.4m | 2.3m | 206,150 | 206,150 | 206,150 | 206,150 | 66,212 | 65,062 | 65,062 | 65,062 | 65,062 | 65,062 | 466,250 | 266,250 | 266,250 | 266,250 | |
130/1 |
6,150 | 6,150 | 6,150 | 6,150 | 6,150 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
132 |
1.7m | 1.9m | 1.9m | 1.9m | 1.9m | - | - | - | - | - | - | - | - | - | - | 56,250 | 56,250 | 56,250 | 56,250 | |
133 |
640,000 | 640,000 | 640,000 | 470,000 | 400,000 | 200,000 | 200,000 | 200,000 | 200,000 | 60,062 | 60,062 | 60,062 | 60,062 | 60,062 | 60,062 | 400,000 | 200,000 | 200,000 | 200,000 | |
14 |
416,278 | 702,433 | 102,756 | 102,905 | 99,082 | 198,725 | 157,026 | 67,654 | 35,847 | 25,740 | -112,962 | -138,361 | -17,139 | -48,448 | -77,509 | 45,431 | 106,759 | 44,745 | 10,373 | |
15 |
- | - | - | - | 5,950 | 7,355 | 8,760 | 10,772 | 13,465 | 16,263 | 19,168 | 22,130 | 25,101 | 28,096 | 31,229 | 84,448 | 95,018 | 106,286 | 121,358 | |
16 |
570,672 | 632,092 | 645,908 | 646,241 | 648,464 | 2,761 | 3,485 | 5,547 | 6,933 | 8,374 | 9,870 | 11,395 | 12,925 | 14,467 | 16,080 | 28,149 | 31,673 | 35,429 | 40,452 | |
168 |
570,672 | 632,092 | 645,908 | 646,241 | 648,464 | 2,761 | 3,485 | 5,547 | 6,933 | 8,374 | 9,870 | 11,395 | 12,925 | 14,467 | 16,080 | 28,149 | 31,673 | 35,429 | 40,452 | |
17/49 |
9.4m | 7.3m | 5.7m | 6.9m | 8.0m | 9.0m | 10.0m | 11.0m | 4.4m | 4.3m | 4.7m | 5.4m | 4.1m | 4.4m | 4.3m | 4.4m | 3.3m | 3.4m | 3.3m | |
17 |
5.7m | 6.1m | 4.8m | 5.6m | 6.2m | 7.0m | 7.8m | 8.7m | 2.6m | 2.9m | 1.8m | 1.8m | 2.3m | 2.5m | 2.8m | 2.4m | 2.0m | 2.2m | 2.2m | |
170/4 |
5.7m | 6.1m | 4.8m | 5.6m | 6.2m | 7.0m | 7.8m | 8.7m | 2.6m | 2.9m | 1.8m | 1.8m | 2.3m | 2.5m | 2.8m | 2.4m | 2.0m | 2.2m | 2.2m | |
42/48 |
3.6m | 1.1m | 753,974 | 1.3m | 1.8m | 2.0m | 2.1m | 2.3m | 1.8m | 1.3m | 2.9m | 3.7m | 1.7m | 1.9m | 1.5m | 1.9m | 1.3m | 1.2m | 1.1m | |
42 |
848,419 | 756,902 | 590,312 | 622,571 | 506,159 | 748,670 | 867,236 | 786,347 | 320,937 | 322,885 | 238,887 | 275,875 | 322,674 | 307,173 | 282,105 | 621,522 | 452,249 | 319,676 | 455,934 | |
43 |
900,000 | 25,279 | - | - | - | - | - | - | - | 1,352 | 800,025 | 1.9m | 286 | 48,976 | 39,542 | 382,542 | 50,552 | 261,085 | 166,927 | |
430/8 |
900,000 | 25,279 | - | - | - | - | - | - | - | - | 800,000 | 1.9m | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | 1,352 | 25 | - | 286 | 48,976 | 39,542 | 382,542 | 50,552 | 261,085 | 166,927 | |
44 |
19,853 | 36,321 | 97,175 | 57,388 | 22,795 | 39,987 | 2,682 | 51,963 | 99,355 | 139,085 | 858,591 | 81,591 | 6,152 | 2,435 | 31,088 | 160,691 | 274,441 | 165,396 | 76,986 | |
440/4 |
19,853 | 36,321 | 97,175 | 57,388 | 22,795 | 39,987 | 2,682 | 51,963 | 99,355 | 139,085 | 858,591 | 81,591 | 6,152 | 2,435 | 31,088 | 160,691 | 274,441 | 165,396 | 76,986 | |
46 |
- | - | - | - | - | - | - | - | 4,890 | 4,890 | 4,890 | 4,890 | 4,890 | - | - | - | - | - | - | |
45 |
44,128 | 30,150 | 4,826 | 11,420 | 15,560 | 9,782 | 48,038 | 93,381 | 108,157 | 3,813 | 22,001 | 5,408 | 11,126 | 52,243 | 11,879 | 123,135 | 72,746 | 90,009 | 74,440 | |
450/3 |
34,978 | 24,686 | 1,676 | 2,771 | 5,204 | 4,335 | 44,439 | 92,742 | 108,157 | 3,813 | 22,001 | 5,408 | 3,137 | 41,166 | 463 | 62,038 | 27,123 | 36,088 | 35,664 | |
454/9 |
9,149 | 5,464 | 3,151 | 8,649 | 10,356 | 5,448 | 3,599 | 639 | - | - | - | - | 7,989 | 11,077 | 11,416 | 61,097 | 45,623 | 53,921 | 38,776 | |
47/48 |
1.8m | 289,093 | 61,661 | 563,042 | 1.2m | 1.2m | 1.2m | 1.4m | 1.2m | 873,788 | 958,918 | 1.4m | 1.4m | 1.5m | 1.1m | 607,172 | 437,816 | 356,168 | 286,933 | |
492/3 |
78,315 | 72,223 | 98,719 | 48,757 | 44,907 | 71,917 | 114,715 | 36,508 | 51,739 | 60,625 | 6,000 | 12,803 | 14,604 | 19,958 | 6,000 | 6,544 | 6,301 | 13,822 | 7,601 | |
| Income statement | ||||||||||||||||||||
76A |
- | 35,028 | - | 1,357 | 2.7m | 65,389 | - | - | - | 5,833 | - | 66,521 | - | 134,931 | - | - | - | - | 1,827 | |
9900 |
745,937 | 962,830 | 831,351 | 878,337 | 3.6m | 978,966 | 1.0m | 996,812 | 679,127 | 561,341 | 566,688 | 374,075 | 410,331 | 351,459 | 523,434 | 974,305 | 757,633 | 720,989 | 642,455 | |
62 |
39,624 | 33,164 | 19,660 | 39,556 | 40,633 | 25,929 | 19,537 | 4,503 | - | -103 | - | 4,501 | 36,403 | 58,083 | 252,154 | 351,004 | 294,264 | 312,111 | 245,412 | |
630 |
594,773 | 586,877 | 534,332 | 541,655 | 533,832 | 626,127 | 634,408 | 663,905 | 310,505 | 294,058 | 233,259 | 224,558 | 262,440 | 258,553 | 323,429 | 348,511 | 242,647 | 238,354 | 241,507 | |
631/4 |
12,000 | - | 57,500 | - | 37,500 | 37,417 | 23,300 | 41,189 | 22,140 | 3,029 | - | - | - | - | - | - | - | - | - | |
640/8 |
219,694 | 141,196 | 118,051 | 124,714 | 129,083 | 127,677 | 129,165 | 149,230 | 86,212 | 87,406 | 49,864 | 74,749 | 32,535 | 36,165 | 11,692 | 15,981 | 10,543 | 13,911 | 8,180 | |
66A |
17,427 | 36,251 | - | - | - | 9,592 | - | - | - | - | 197,450 | 206,818 | - | 25 | - | 609 | 100 | 350 | 2,599 | |
9901 |
-137,581 | 165,343 | 101,809 | 172,412 | 2.8m | 152,225 | 228,658 | 137,985 | 260,270 | 176,952 | 283,565 | 70,266 | 78,954 | -1,341 | -63,841 | 258,810 | 210,178 | 156,614 | 147,356 | |
75/76B |
1,041 | 618,874 | 226,632 | 6,024 | 1,769 | 2,379 | 2,028 | 2,827 | 2,804 | 3,802 | 3,123 | 3,210 | 3,171 | 5,699 | 3,515 | 65,349 | 55,879 | 56,008 | 56,368 | |
75 |
1,041 | 57 | 226,632 | 6,024 | 1,769 | 2,379 | 2,028 | 2,827 | 2,804 | 3,802 | 3,123 | 3,210 | 3,171 | 5,699 | 3,515 | 65,349 | 55,879 | 56,008 | 56,368 | |
76B |
- | 618,817 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
235,214 | 236,429 | 99,193 | 80,454 | 95,457 | 93,601 | 105,021 | 88,999 | 44,590 | 48,228 | 65,365 | 55,931 | 52,357 | 86,181 | 65,969 | 106,818 | 178,581 | 177,875 | 151,025 | |
65 |
235,214 | 236,429 | 99,193 | 80,454 | 95,457 | 93,601 | 105,021 | 88,999 | 44,590 | 48,228 | 65,365 | 55,931 | 52,357 | 86,181 | 65,969 | 106,818 | 178,581 | 177,875 | 151,025 | |
9903 |
-371,754 | 547,788 | 229,247 | 97,982 | 2.7m | 61,003 | 125,665 | 51,813 | 218,484 | 138,358 | 23,873 | -122,751 | 29,767 | 53,083 | -126,295 | 216,731 | 87,376 | 34,397 | 51,927 | |
780 |
26,323 | 13,816 | 333 | 2,223 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
105 | 123 | 60,730 | 26,937 | 34,816 | 20,028 | 38,355 | 21,393 | 69,881 | 2 | - | - | - | 25,635 | -1,663 | 66,583 | 14,118 | 5,049 | 7,776 | |
9904 |
-345,536 | 561,480 | 168,851 | 73,268 | 2.0m | 41,699 | 89,372 | 31,807 | 150,044 | 139,853 | 25,398 | -121,222 | 31,310 | 29,061 | -122,940 | 153,672 | 77,014 | 34,372 | 49,175 | |
789 |
78,969 | 41,447 | 1,000 | 555 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | 3,251 | - | - | 1.9m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-266,568 | 599,677 | 169,851 | 73,823 | 100,356 | 41,699 | 89,372 | 31,807 | 150,044 | 139,853 | 25,398 | -121,222 | 31,310 | 29,061 | -122,940 | 153,672 | 77,014 | 34,372 | 49,175 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
416,278 | 702,433 | 272,756 | 172,905 | 299,082 | 198,725 | 157,026 | 67,654 | 175,784 | 26,890 | -112,962 | -138,361 | -17,139 | -48,448 | -77,509 | 260,431 | 121,759 | 44,745 | 110,373 | |
14P |
682,846 | 102,756 | 102,905 | 99,082 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 170,000 | 70,000 | 200,000 | - | - | - | 139,938 | 1,150 | - | - | - | - | - | 200,000 | - | - | 100,000 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,150 | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | 170,000 | 70,000 | 200,000 | - | - | - | 139,938 | - | - | - | - | - | - | 200,000 | - | - | 100,000 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,000 | 15,000 | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,000 | 15,000 | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
1 | 1 | 1 | 1 | 1 | 0.7 | 0.5 | 0.1 | - | - | - | 0.9 | 2.5 | 3.2 | 8.8 | 9.9 | 8.8 | 10.2 | 9.1 | |
Hours worked1013 |
1,267 | 986 | 256 | 1,692 | 1,644 | 1,119 | 859 | 243 | - | - | - | 120 | 2,076 | 2,782 | 12,800 | 15,394 | 13,683 | 15,932 | 13,974 | |
| Document | ||||||||||||||||||||
The accounts for 14 older financial years (1993-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00344529 | |
| 31-03-2025 | full format | 22-10-2025 | 2025-00549462 | |
| 31-03-2024 | full format | 30-10-2024 | 2024-00527146 | |
| 31-03-2023 | full format | 30-10-2023 | 2023-00503714 | |
| 31-03-2022 | full format | 03-11-2022 | 2022-20518379 | |
| 31-03-2021 | full format | 03-11-2021 | 2021-76300331 | |
| 31-03-2020 | full format | 30-11-2020 | 2020-72600144 | |
| 31-03-2019 | full format | 30-10-2019 | 2019-71900067 | |
| 31-03-2018 | full format | 31-10-2018 | 2018-70800100 | |
| 31-03-2017 | full format | 26-10-2017 | 2017-67700280 | |
| 31-03-2016 | full format | 27-10-2016 | 2016-66300069 | |
| 31-03-2015 | full format | 30-10-2015 | 2015-65800375 | |
| 31-03-2014 | full format | 31-10-2014 | 2014-65900186 | |
| 31-03-2013 | full format | 28-10-2013 | 2013-63900100 | |
| 31-03-2012 | full format | 28-11-2012 | 2012-64600413 | |
| 31-03-2011 | full format | 30-11-2011 | 2011-62000373 | |
| 31-03-2010 | full format | 29-10-2010 | 2010-59100202 | |
| 31-03-2009 | full format | 28-09-2009 | 2009-77700020 | |
| 31-03-2008 | full format | 24-11-2008 | 2008-82000226 | |
| 31-03-2007 | full format | 12-10-2007 | 2007-77100261 | |
| 31-03-2006 | full format | 18-10-2006 | 2006-84003620 | |
| 31-03-2005 | full format | 03-10-2005 | 2005-76000154 | |
| 31-03-2004 | full format | 01-10-2004 | 2004-70202808 | |
| 31-03-2003 | full format | 16-10-2003 | 2003-74804486 | |
| 31-03-2002 | full format | 22-10-2002 | 2002-67602753 | |
| 31-03-2001 | full format | 16-10-2001 | 2001-64700618 | |
| 31-03-2000 | full format | 05-10-2000 | 2000-62200591 | |
| 31-03-1999 | full format | 01-10-1999 | 1999-51001565 | |
| 31-03-1998 | full format | 22-09-1998 | 1998-48302615 | |
| 31-03-1997 | full format | 22-09-1997 | 1997-44800756 | |
| 31-03-1996 | full format | 23-09-1996 | 1996-44700916 | |
| 31-03-1995 | full format | 11-10-1995 | 1995-53602590 | |
| 31-03-1994 | full format | 19-10-1994 | 1994-44302699 | |
| 31-03-1993 | full format | 25-10-1993 | 1993-41101857 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 457,192 | 752,220 | 636,140 | 714,066 | 3.3m | 778,352 | 863,067 | 801,890 | 570,775 | 471,009 | 516,824 | 294,824 | 341,393 | 257,211 | 259,588 | 607,320 | 452,826 | 394,968 | 388,863 | ||
| 249,237 | 1.1m | 703,183 | 614,923 | 2.6m | 667,826 | 723,781 | 695,712 | 460,549 | 433,910 | 258,657 | 103,337 | 293,749 | 287,613 | 200,489 | 502,182 | 319,662 | 272,726 | 290,682 | ||
| 2.4m | 5.7m | 38,981 | 64,607 | 2,000 | 15,404 | 58,437 | 7.5m | 367,553 | 1.2m | 377,126 | 137,909 | 77,728 | 267,868 | 917,554 | 1.2m | 106,278 | 220,796 | 91,133 | ||
| 13,385 | -2.2m | 2.2m | -1.0m | 948,703 | 88,399 | -38,084 | -18,461 | 12,489 | 40,858 | -34,573 | 38,059 | 14,303 | 5,537 | -34,288 | -22,888 | 50,420 | -28,738 | - | ||
| -2.8m | -148,034 | 2.0m | 2.0m | 2.1m | -1.7m | -1.7m | -1.6m | -914,072 | -629,536 | -1.1m | -1.2m | -1.3m | -1.3m | -895,294 | -193,713 | 66,665 | 74,830 | 73,935 | ||
| 22.2% | 29.5% | 30.3% | 25.5% | 22.5% | 5.0% | 4.1% | 3.0% | 6.7% | 3.8% | 0.7% | 0.2% | 3.2% | 2.3% | 1.8% | 13.7% | 14.7% | 13.2% | 13.1% | ||
| 0.22 | 0.87 | 3.63 | 2.62 | 2.20 | 0.12 | 0.21 | 0.34 | 0.48 | 0.53 | 0.63 | 0.68 | 0.26 | 0.31 | 0.41 | 0.90 | 1.05 | 1.06 | 1.07 | ||
| 0.22 | 0.87 | 3.63 | 2.62 | 2.20 | 0.12 | 0.21 | 0.34 | 0.48 | 0.53 | 0.29 | 0.15 | 0.26 | 0.31 | 0.41 | 0.33 | 0.40 | 0.45 | 0.41 | ||
| 3.31 | 2.20 | 2.07 | 2.68 | 3.20 | 19.10 | 23.16 | 31.92 | 13.82 | 25.53 | - | - | 30.22 | 41.66 | 53.98 | 6.25 | 5.77 | 6.52 | 6.57 | ||
| -12.2% | 17.0% | 6.1% | 2.8% | 81.2% | 8.8% | 20.6% | 9.2% | 47.3% | 82.4% | 77.5% | - | 23.3% | 27.4% | -153.1% | 22.1% | 13.6% | 6.6% | 9.9% | ||
| -2.7% | 5.0% | 1.9% | 0.7% | 18.2% | 0.4% | 0.9% | 0.3% | 3.2% | 3.1% | 0.5% | -2.2% | 0.7% | 0.6% | -2.8% | 3.0% | 2.0% | 0.9% | 1.3% | ||
| 1.94 | 3.18 | 6.41 | 8.88 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 0 | - | - | - | - |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | 1 | 1 | |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €6.6m | €6.1m | €6.8m | €5.4m | €6.0m |
| Mortgages, amount registered | €422,051 | €422,051 | €422,051 | €347,051 | €347,051 |
| €12.5m | €12.5m | €12.5m | €10.8m | €10.8m | |
| Carrying value of the mortgaged assets | €11.2m | €9.4m | €7.3m | €5.8m | €6.3m |
| - | - | €1.2m | €498,315 | €498,315 | |
| Pledge on other assets, amount secured | €465,862 | €528,523 | - | - | - |
| Carrying value of the other pledged assets | €632,677 | €663,863 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2.4m | €723,717 | €5.7m | €38,981 | €64,607 |
| Financial fixed assets | - | €1,000 | €23,146 | - | - |
| €594,773 | €709,056 | €586,877 | €534,332 | €541,655 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €137,581, after a profit of €165,343 in 2024. It is the lowest result since 2007.
Debt's share of the balance-sheet total rises from 64.9% to 73.3%. Equity is lower and debt is higher.
Source: list of holdings in its own 31-03-2023 accounts. Every holding stands with its own latest accounts.
| LMPH PARTNERS
registered office since 27-12-2013 · founded in 2013 |
total assets €1.0m (2025) 0543.648.079 |
| SOCIETE DE L'ARBUISSON
registered office since 01-07-1980 · founded in 1980 |
total assets €600,881 (2025) 0420.640.104 |
| D.P.G.C.
registered office since 07-06-1996 · founded in 1996 |
total assets €123,817 (2025) 0457.714.492 |
| SOCCER VERVIERS
registered office since 16-11-2017 · founded in 2017 · negative equity (2025) |
total assets €25,581 (2025) 0684.764.570 |
| Mathieu, Cédric Bernard (sole trader)
establishment since 01-10-2010 |
founded in 2010 0829.743.443 |
| D.P.G.C. via Didier DE SPA, no longer at D.P.G.C. · Permanent representative · deed of 20-01-2020 founded in 1996 |
total assets €123,817 (2025) |
ROX IMMO or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
ROX IMMO was incorporated on 3 June 1992.1 The registered office was moved to Polleur in 2019.2 In 2024 the company absorbed ECOMOTORS and VESDRE BELLE RIVE by merger.3
| Establishment | Since | Unit number |
|---|---|---|
| Trou du Loup 12 registered office 4910 Theux | 02-07-1992 | 2.130.921.140 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63060C0094/00Z005 | 6,058 m² | 1 · 144 m² | 10.0 m · 2 |
If something looks wrong or is missing, please tell us.