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ROX IMMO

Active Public limited companyfounded 1992active for 34 yearsTrou du Loup 12, 4910 TheuxKBO/BCE: BE 0447.590.761 #1 company by total assets in Theux, Real estate sector

Overview

Lifetime

19 annual accounts with figures on one time axis, 33 filings since 1993
peak €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 accounts

Losses

-€345,536
20192020202120222023202420252025

2 loss-making years in a row. Loss in financial year 2025.

Debts

€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
20222023202420252025

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 strength
Weak

47-7equity 22.2% of total assets
40-7short-term debt 28.1% · cash 0.9%
32-9return on assets -2.7%

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
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a small loss

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: 1 FTE, total assets €12.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.22, cash €117,793
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 27-07-2026)
NBB · annual accounts
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 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DD
Director, since 30-09-2024
  • 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 & ownership

Recent 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
All 49 events

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
Company details

Annual accounts 2025

€745,937▼ 36.4%
≈ €1.3mestimated
€345,536▲ 177%
€2.8m▼ 10.8%
€12.8m▲ 16.4%
Employeeson 31-12-2025
1=
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

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.

Financials

Annual accounts 2025

full format, filed on 27-07-2026, 4 days before the deadline
€745,937
▼ 22.5%
-€137,581
▼ €302,924
-€345,536
▼ €907,017
-€2.8m
▼ €2.7m
22.2%
▼ 7.3 percentage points
0.22
▼ 0.65

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.3m. Estimated: probably between €1.0m and €2.2m.

Balance sheet

balance sheet total €12.8m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

22.2%

Higher than 35% of 5,810 companies in 2025.

0.22

Higher than 17% of 5,561 companies in 2025.

-2.7%

Higher than 19% of 5,784 companies in 2025.

ROX IMMO Middle half of the sector 80% of the sector Full accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half

Staff

€39,624

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 12.8m11.2m9.1m10.1m11.2m9.5m10.5m11.4m4.7m4.5m4.7m5.5m4.2m4.5m4.4m5.1m3.9m3.9m3.8m
20 2,5923,379-----------------
21/28 12.0m10.2m6.3m6.8m7.3m9.3m10.0m10.6m3.8m3.8m2.9m3.0m3.8m4.0m3.8m3.4m2.5m2.7m2.7m
21 ------9,59212,78815,98519,18122,37725,574---490735--
22/27 12.0m10.2m6.0m6.5m7.0m8.9m9.7m10.2m3.5m3.4m2.6m2.6m3.4m3.6m3.5m3.0m2.5m2.7m2.7m
22 11.2m9.3m5.9m6.4m7.0m8.9m9.7m10.2m3.5m3.4m2.6m2.6m3.4m3.6m3.5m2.9m2.4m2.5m2.6m
23 114,744118,40652,60031,3248,93712,3586,5921,820-------52,92270,30244,50642,414
24 68,710108,56230,08831,8762,0333,3408,57211,3346,19312,384--4,0897,93111,77290,30070,94061,33159,593
25 632,677705,446-----------------
27 ---------------2,5005545542,025
28 25,24425,744352,598354,398354,398352,398352,398352,398350,826350,826350,000350,000350,000350,000350,000351,4871,4871,4871,488
29/58 784,109989,7112.7m3.3m3.9m242,866439,411787,140860,095716,2781.8m2.5m438,925587,488616,2521.7m1.4m1.3m1.1m
3 ----------973,7561.9m---1.1m840,392726,881704,538
30/36 ----------973,7561.9m---1.1m840,392726,881704,538
40/41 640,240781,770438,3992.9m2.8m114,629401,153711,823767,583614,419795,388471,783394,432566,097596,669573,896438,908476,544379,859
40 295,68214,10492,0992.7m2.6m9,256248,411274,351334,6899,934403,95580,801188171,407185,162537,688427,356423,669372,941
41 344,558767,665346,300285,220144,736105,372152,742437,472432,894604,485391,433390,982394,244394,690411,50736,20911,55252,8756,918
54/58 117,793104,4082.3m60,1711.1m123,11234,71272,79791,25778,76837,91072,48334,42420,12114,58448,87271,76021,34050,078
490/1 26,076103,5336,432293,6326,0475,1263,5462,5201,25423,09135510,33410,0691,2694,9993,0363,40942,400680
Balance sheet: equity and liabilities
10/49 12.8m11.2m9.1m10.1m11.2m9.5m10.5m11.4m4.7m4.5m4.7m5.5m4.2m4.5m4.4m5.1m3.9m3.9m3.8m
10/15 2.8m3.3m2.7m2.6m2.5m473,730433,437346,076316,962169,71632,76910,332134,524106,21080,282696,129568,027517,281497,981
10/11 61,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,500100,000100,000100,000100,000
10 61,50061,50061,50061,500---------------
100 61,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,500100,000100,000100,000100,000
13 2.4m2.5m2.6m2.4m2.3m206,150206,150206,150206,15066,21265,06265,06265,06265,06265,062466,250266,250266,250266,250
130/1 6,1506,1506,1506,1506,150--------------
130 6,1506,1506,1506,1506,1506,1506,1506,1506,1506,1505,0005,0005,0005,0005,00010,00010,00010,00010,000
132 1.7m1.9m1.9m1.9m1.9m----------56,25056,25056,25056,250
133 640,000640,000640,000470,000400,000200,000200,000200,000200,00060,06260,06260,06260,06260,06260,062400,000200,000200,000200,000
14 416,278702,433102,756102,90599,082198,725157,02667,65435,84725,740-112,962-138,361-17,139-48,448-77,50945,431106,75944,74510,373
15 ----5,9507,3558,76010,77213,46516,26319,16822,13025,10128,09631,22984,44895,018106,286121,358
16 570,672632,092645,908646,241648,4642,7613,4855,5476,9338,3749,87011,39512,92514,46716,08028,14931,67335,42940,452
168 570,672632,092645,908646,241648,4642,7613,4855,5476,9338,3749,87011,39512,92514,46716,08028,14931,67335,42940,452
17/49 9.4m7.3m5.7m6.9m8.0m9.0m10.0m11.0m4.4m4.3m4.7m5.4m4.1m4.4m4.3m4.4m3.3m3.4m3.3m
17 5.7m6.1m4.8m5.6m6.2m7.0m7.8m8.7m2.6m2.9m1.8m1.8m2.3m2.5m2.8m2.4m2.0m2.2m2.2m
170/4 5.7m6.1m4.8m5.6m6.2m7.0m7.8m8.7m2.6m2.9m1.8m1.8m2.3m2.5m2.8m2.4m2.0m2.2m2.2m
42/48 3.6m1.1m753,9741.3m1.8m2.0m2.1m2.3m1.8m1.3m2.9m3.7m1.7m1.9m1.5m1.9m1.3m1.2m1.1m
42 848,419756,902590,312622,571506,159748,670867,236786,347320,937322,885238,887275,875322,674307,173282,105621,522452,249319,676455,934
43 900,00025,279-------1,352800,0251.9m28648,97639,542382,54250,552261,085166,927
430/8 900,00025,279--------800,0001.9m-------
439 ---------1,35225-28648,97639,542382,54250,552261,085166,927
44 19,85336,32197,17557,38822,79539,9872,68251,96399,355139,085858,59181,5916,1522,43531,088160,691274,441165,39676,986
440/4 19,85336,32197,17557,38822,79539,9872,68251,96399,355139,085858,59181,5916,1522,43531,088160,691274,441165,39676,986
46 --------4,8904,8904,8904,8904,890------
45 44,12830,1504,82611,42015,5609,78248,03893,381108,1573,81322,0015,40811,12652,24311,879123,13572,74690,00974,440
450/3 34,97824,6861,6762,7715,2044,33544,43992,742108,1573,81322,0015,4083,13741,16646362,03827,12336,08835,664
454/9 9,1495,4643,1518,64910,3565,4483,599639----7,98911,07711,41661,09745,62353,92138,776
47/48 1.8m289,09361,661563,0421.2m1.2m1.2m1.4m1.2m873,788958,9181.4m1.4m1.5m1.1m607,172437,816356,168286,933
492/3 78,31572,22398,71948,75744,90771,917114,71536,50851,73960,6256,00012,80314,60419,9586,0006,5446,30113,8227,601
Income statement
76A -35,028-1,3572.7m65,389---5,833-66,521-134,931----1,827
9900 745,937962,830831,351878,3373.6m978,9661.0m996,812679,127561,341566,688374,075410,331351,459523,434974,305757,633720,989642,455
62 39,62433,16419,66039,55640,63325,92919,5374,503--103-4,50136,40358,083252,154351,004294,264312,111245,412
630 594,773586,877534,332541,655533,832626,127634,408663,905310,505294,058233,259224,558262,440258,553323,429348,511242,647238,354241,507
631/4 12,000-57,500-37,50037,41723,30041,18922,1403,029---------
640/8 219,694141,196118,051124,714129,083127,677129,165149,23086,21287,40649,86474,74932,53536,16511,69215,98110,54313,9118,180
66A 17,42736,251---9,592----197,450206,818-25-6091003502,599
9901 -137,581165,343101,809172,4122.8m152,225228,658137,985260,270176,952283,56570,26678,954-1,341-63,841258,810210,178156,614147,356
75/76B 1,041618,874226,6326,0241,7692,3792,0282,8272,8043,8023,1233,2103,1715,6993,51565,34955,87956,00856,368
75 1,04157226,6326,0241,7692,3792,0282,8272,8043,8023,1233,2103,1715,6993,51565,34955,87956,00856,368
76B -618,817-----------------
65/66B 235,214236,42999,19380,45495,45793,601105,02188,99944,59048,22865,36555,93152,35786,18165,969106,818178,581177,875151,025
65 235,214236,42999,19380,45495,45793,601105,02188,99944,59048,22865,36555,93152,35786,18165,969106,818178,581177,875151,025
9903 -371,754547,788229,24797,9822.7m61,003125,66551,813218,484138,35823,873-122,75129,76753,083-126,295216,73187,37634,39751,927
780 26,32313,8163332,223---------------
67/77 10512360,73026,93734,81620,02838,35521,39369,8812---25,635-1,66366,58314,1185,0497,776
9904 -345,536561,480168,85173,2682.0m41,69989,37231,807150,044139,85325,398-121,22231,31029,061-122,940153,67277,01434,37249,175
789 78,96941,4471,000555---------------
689 -3,251--1.9m--------------
9905 -266,568599,677169,85173,823100,35641,69989,37231,807150,044139,85325,398-121,22231,31029,061-122,940153,67277,01434,37249,175
Appropriation of the result
9906 416,278702,433272,756172,905299,082198,725157,02667,654175,78426,890-112,962-138,361-17,139-48,448-77,509260,431121,75944,745110,373
14P 682,846102,756102,90599,082---------------
691/2 --170,00070,000200,000---139,9381,150-----200,000--100,000
6920 ---------1,150---------
6921 --170,00070,000200,000---139,938------200,000--100,000
694/7 ---------------15,00015,000--
695 ---------------15,00015,000--
Social balance sheet
9087 111110.70.50.1---0.92.53.28.89.98.810.29.1
Hours worked1013 1,2679862561,6921,6441,119859243---1202,0762,78212,80015,39413,68315,93213,974
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 27-07-2026 2026-00344529 PDF
31-03-2025 full format 22-10-2025 2025-00549462 PDF
31-03-2024 full format 30-10-2024 2024-00527146 PDF
31-03-2023 full format 30-10-2023 2023-00503714 PDF
31-03-2022 full format 03-11-2022 2022-20518379 PDF
31-03-2021 full format 03-11-2021 2021-76300331 PDF
31-03-2020 full format 30-11-2020 2020-72600144 PDF
31-03-2019 full format 30-10-2019 2019-71900067 PDF
31-03-2018 full format 31-10-2018 2018-70800100 PDF
31-03-2017 full format 26-10-2017 2017-67700280 PDF
31-03-2016 full format 27-10-2016 2016-66300069 PDF
31-03-2015 full format 30-10-2015 2015-65800375 PDF
31-03-2014 full format 31-10-2014 2014-65900186 PDF
31-03-2013 full format 28-10-2013 2013-63900100 PDF
31-03-2012 full format 28-11-2012 2012-64600413 PDF
31-03-2011 full format 30-11-2011 2011-62000373 PDF
31-03-2010 full format 29-10-2010 2010-59100202 PDF
31-03-2009 full format 28-09-2009 2009-77700020 PDF
31-03-2008 full format 24-11-2008 2008-82000226 PDF
31-03-2007 full format 12-10-2007 2007-77100261 PDF
31-03-2006 full format 18-10-2006 2006-84003620 PDF
31-03-2005 full format 03-10-2005 2005-76000154 PDF
31-03-2004 full format 01-10-2004 2004-70202808 PDF
31-03-2003 full format 16-10-2003 2003-74804486 PDF
31-03-2002 full format 22-10-2002 2002-67602753 PDF
31-03-2001 full format 16-10-2001 2001-64700618 PDF
31-03-2000 full format 05-10-2000 2000-62200591 PDF
31-03-1999 full format 01-10-1999 1999-51001565 PDF
31-03-1998 full format 22-09-1998 1998-48302615 PDF
31-03-1997 full format 22-09-1997 1997-44800756 PDF
31-03-1996 full format 23-09-1996 1996-44700916 PDF
31-03-1995 full format 11-10-1995 1995-53602590 PDF
31-03-1994 full format 19-10-1994 1994-44302699 PDF
31-03-1993 full format 25-10-1993 1993-41101857 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
457,192752,220636,140714,0663.3m778,352863,067801,890570,775471,009516,824294,824341,393257,211259,588607,320452,826394,968388,863
249,2371.1m703,183614,9232.6m667,826723,781695,712460,549433,910258,657103,337293,749287,613200,489502,182319,662272,726290,682
2.4m5.7m38,98164,6072,00015,40458,4377.5m367,5531.2m377,126137,90977,728267,868917,5541.2m106,278220,79691,133
13,385-2.2m2.2m-1.0m948,70388,399-38,084-18,46112,48940,858-34,57338,05914,3035,537-34,288-22,88850,420-28,738-
-2.8m-148,0342.0m2.0m2.1m-1.7m-1.7m-1.6m-914,072-629,536-1.1m-1.2m-1.3m-1.3m-895,294-193,71366,66574,83073,935
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%
0.220.873.632.622.200.120.210.340.480.530.630.680.260.310.410.901.051.061.07
0.220.873.632.622.200.120.210.340.480.530.290.150.260.310.410.330.400.450.41
3.312.202.072.683.2019.1023.1631.9213.8225.53--30.2241.6653.986.255.776.526.57
-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%
1.943.186.418.88---------------

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.

Social balance sheet

Item31-12-202531-03-202531-03-202431-03-202331-03-2022
Employees at the balance-sheet date11111
full-time11111
part-time0----
in full-time equivalents11111
11111
On a permanent contract11111

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item202531-03-202531-03-202431-03-202331-03-2022
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)

Investments

fixed assets acquired
Item202531-03-202531-03-202431-03-202331-03-2022
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)

Insights on ROX IMMO

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.

Large changes and their cause
  • 2024 Net result +233% on 2023. The 2024 profit included a one-off income of €653,846.

Board & ownership

Board

2 directors, last change in 2024
Director, permanent representative Bernadette Kaivers
current term since 30-09-2024 term until 18-09-2030
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 27-07-2026
Director
since 30-09-2024 term until 18-09-2030
listed in the 2025 annual accounts, filed on 27-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 21 :Représentation - Actes et actions judiciaires § 1er. Tous les actes qui engagent la société, en justice et dans tous les actes…”
deed of 12-04-2024
Permanent representatives 1
Permanent representative, for D.P.G.C.
appointed by deed of 12-04-2024

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
D.P.G.C.
Sole director
BoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
  • D.P.G.C.
    • Sole director, from 18-09-2018 to date
  • Didier DE SPA
    • Director, from 18-09-2018 to 12-04-2024
    • Managing director, from before 07-03-2019, ended, last mentioned on 07-03-2019
    • Director, from 30-09-2024 to date
  • Bernadette Kaivers
    • Director, from 18-09-2018 to 25-11-2024
  • KAIVERS Bernadette Adrienne Jean-Marie
    • Director, from 18-09-2018 to 12-04-2024

See the board, name and registered office on a given date →

Control

This company
ROX IMMO
Equity €2.8m
Loss €345,536 in 2025

Capital

Capital
€61,500
Shares
1,250
Contribution per share
€49.20
Equity per share
€2,271 in 2025
Source
deed of 12-04-2024

Articles of association

deed of 12-04-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Présidence conseil d'administration, conseil peut élire Président parmi membres”

Shareholders

Stated in the deed deed of 20-02-2024 ↗

Network & group

Holdings

own accounts to 31-03-2023, the bar shows equity in euros
This companyROX IMMO1 holding, 1 country accounts to 31-03-2023

Belgium 1 Equity Result

  • BE ECOMOTORS99.98%no longer active €1.1m result €3,294

Source: list of holdings in its own 31-03-2023 accounts. Every holding stands with its own latest accounts.

At the same address

Trou du Loup 12, 4910 Theux · 5 other companies
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

Earlier ties

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)

Holdings and subsidiaries

1 in the list of holdings, 1 from other sources · 3 subsidiaries, including indirect ones

Holdings 2

Share, source and own figures per holding (1)
All subsidiaries, including indirect ones 3

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.

Holdings through the years 2009 to 2023
Holdings through the years
Name200920102011201220132014201520162017201820192020202120222023
ECOMOTORS 100%99.98%
Euroto 10%

Source: list of holdings in its own accounts

Acquisitions and mergers

2 transactions
Took over:ECOMOTORS
BE 0420.202.317merger by absorption · Gazette deed of 12-04-2024 (5 deeds) · effective 01-01-2024
BE 0677.620.620merger by absorption · Gazette deed of 12-04-2024 (5 deeds) · effective 01-01-2024

Connections & network

4 connected companies
Linked via shared directors
LLM MECASPORT
via D.P.G.C. · Manager · deed of 03-09-2018
Bankrupt · 2.9 FTE (2020)
→
FACRO SA
via D.P.G.C. · Managing director · deed of 20-01-2020
Founded in 1986 · total assets €1.8m (2025)
→
LMPH PARTNERS
via D.P.G.C. · Manager · deed of 03-09-2018
Founded in 2013 · total assets €1.0m (2025)
→
SOCIETE DE L'ARBUISSON
via D.P.G.C. · Director · deed of 13-09-2018
Founded in 1980 · total assets €600,881 (2025)
→

Timeline

Timeline

49 events since 1992
2026
Annual accounts 2025 filed NBBfull format · 4 days before the deadline
Purpose change“56102 : Restauration à service restreint; 45320 : Commerce de détail d'équipements de véhicules automobiles…” (deed in French) · General meeting of 23-12-20254 points ▸
  • General meeting, 23-12-2025
  • Purpose change, “56102 : Restauration à service restreint; 45320 : Commerce de détail d'équipements de véhicules automobiles; 7721002 : Location et location-bail d'articles de…” (deed in French)
  • Amendment of the articles, article 3
  • Amendment of the articles, article 30
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2025
Weakest financial year net -€345,536 The net result drops to -€345,536, the lowest from 2007 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0447590761
Annual accounts 2025 filed PDFfull format · 9 days before the deadline
2024
2 directors appointed, 1 resignationAppointments: Didier de Spa and D.P.G.C. · Permanent representative: Bernadette Kaivers · Resignation: Bernadette Kaivers · General meeting of 30-09-20245 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFfull format · 1 day before the deadline
Merger: ROX IMMO takes over ECOMOTORSResignations: 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 28-03-202411 points ▸

Open the deed in the Belgian Official Gazette

Merger proposal: Rox Immo takes over VESDRE BELLE RIVEECOMOTORS holds all the shares · The company holds all the shares of ECOMOTORS · The company holds all the shares of VESDRE BELLE RIVE18 points ▸
  • ECOMOTORS holds all the shares, mentioned twice in the deed
  • The company holds all the shares of ECOMOTORS
  • The company holds all the shares of VESDRE BELLE RIVE
  • Registered office clause, Trou du Loup n°12 à B-4910 POLLEUR, mentioned 3 times in the deed
  • Board composition, D.P.G.C (director)
  • Board composition, Didier de SPA (director), mentioned 3 times in the deed
  • Capital, €512,193, 6,171 shares
  • The company holds 6,171 shares of ECOMOTORS
  • Board composition, ECOMOTORS (director)
  • Capital, €65,000, 600 shares
  • ECOMOTORS holds 600 shares
  • Net-asset statement, 31-12-2023, mentioned 6 times in the deed
  • Board composition, Bernadette KAIVERS (director)
  • Capital, €61,500, 1,250 shares
  • Didier de SPA holds 1,150 shares
  • Bernadette KAIVERS holds 100 shares
  • Capital, €18,600, 100 shares
  • Power of attorney, Didier de SPA
  • The deed holds 17 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFfull format · 1 day before the deadline
2022
Annual accounts 2022 filed PDFfull format · 3 days late
2021
Annual accounts 2021 filed PDFfull format · 3 days late
Highest result from 2007 to 2025 net €2.0m ▲4,791% The operating result of €2.8m and the net result of €2.0m are both a record.
Liquidity more than 17 times current ratio 2.20 The current ratio rises from 0.12 to 2.20. Short-term debt falls from €2.0m to €1.8m.
Equity above €2m equity €2.5m ▲430% After 7 profitable years in a row, equity reaches €2.5m.
2020
Annual accounts 2020 filed PDFfull format · 30 days late
2019
Annual accounts 2019 filed PDFfull format · 1 day before the deadline
Registered office moved from Verviers to PolleurNew registered office: Trou du Loup 12 à 4910 Polleur (Theux) · Previous registered office: rue de Limbourg 31, 4800 VERVIERS · Reappointments: Didier DE SPA (managing director) and Bernadette KAIVERS (director) · Board meeting of 18-02-20195 points ▸
  • General meeting, 18-09-2018
  • Director reappointment, Didier DE SPA (managing director)
  • Director reappointment, Bernadette KAIVERS
  • Board meeting, 18-02-2019
  • Registered-office move, Trou du Loup 12 à 4910 Polleur (Theux)

Open the deed in the Belgian Official Gazette

2018
Annual accounts 2018 filed PDFfull format · on the deadline day
2017
Annual accounts 2017 filed PDFfull format · 5 days before the deadline
2016
Annual accounts 2016 filed PDFfull format · 4 days before the deadline
2015
Annual accounts 2015 filed PDFfull format · 1 day before the deadline
Back to profit net €25,398 The net result is €25,398, after one loss-making year.
2014
Annual accounts 2014 filed PDFfull format · on the deadline day
2013
Annual accounts 2013 filed PDFfull format · 3 days before the deadline
2012
Annual accounts 2012 filed PDFfull format · 28 days late
Back to profit net €29,061 The net result is €29,061, after one loss-making year.
2011
Annual accounts 2011 filed PDFfull format · 30 days late
2010
Annual accounts 2010 filed PDFfull format · 2 days before the deadline
2009
Annual accounts 2009 filed PDFfull format · 33 days before the deadline
2008
Annual accounts 2008 filed PDFfull format · 24 days late
Equity above €500,000 equity €517,281 ▲3.9% With a profit in every financial year since 2007, equity grows to €517,281.
2007
Annual accounts 2007 filed PDFfull format · 19 days before the deadline
2006
Annual accounts 2006 filed PDFfull format · 13 days before the deadline
2005
Annual accounts 2005 filed PDFfull format
2004
Annual accounts 2004 filed PDFfull format
2003
Annual accounts 2003 filed PDFfull format
2002
Annual accounts 2002 filed PDFfull format
2001
Annual accounts 2001 filed PDFfull format
2000
Annual accounts 2000 filed PDFfull format
1999
Annual accounts 1999 filed PDFfull format
1998
Annual accounts 1998 filed PDFfull format
1997
Annual accounts 1997 filed PDFfull format
1996
Annual accounts 1996 filed PDFfull format
1995
Annual accounts 1995 filed PDFfull format
1994
Annual accounts 1994 filed PDFfull format
1993
Annual accounts 1993 filed PDFfull format
1992
First establishment Trou du Loup 12, Theux
Incorporation published on 30-06-1992

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

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

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-03-2019
  3. 3Belgian Official Gazette, 12-04-2024

Company details

Identity

Enterprise number
0447.590.761
VAT number
BE 0447.590.761
Peppol ID
0208:0447590761
Other Peppol ID
9925:BE0447590761
Legal form
Public limited company
Status
Active, normal situation
Founded
03-06-1992
Financial year
ends on 31 December
Peppol
Reachable since 23-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ROX IMMO in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-04-2024 (in French)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Joint committees annual accounts 31-03-2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
68100 Real estate activities main activity
68201 Real estate activities
Social security (RSZ) activities
68203 Real estate rental main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“La réalisation de toutes opérations immobilières et notamment:; L'achat, la vente, l'échange, l'exploitation, la location et la gérance de…”
10 activities
  1. La réalisation de toutes opérations immobilières et notamment:
  2. L'achat, la vente, l'échange, l'exploitation, la location et la gérance de tous immeubles bâtis,
  3. L'achat, la vente, l'échange, la mise en valeur, le lotissement, l'exploitation, la location et l'affermage de tous immeubles non bâtis,
  4. La prise de participations, sous quelque forme que ce soit, dans toutes sociétés belges ou étrangères,
  5. L'acquisition par voie d'achat de souscription, d'échange ou de toute autre manière, ainsi que l'aliénation par vente, échange, ou de toute autre manière, de produits financiers avec ou sans risque, au sens le plus large du terme,
  6. L'amélioration et la mise en valeur du portefeuille et du patrimoine mobilier ou immobilier qui lui sera apporté par ses associés ou qu'elle acquerra autrement;
  7. L'assistance, le conseil et la gestion des sociétés ou groupes de sociétés de toute forme juridique, principalement mais pas exclusivement sur le plan du management, de la gestion commerciale et financière, de le comptabilité, du marketing, de la production et de la gestion des ressources humaines, Dans ce cadre, elle pourra exercer un mandat de gestion ou d'administrateur au sein d'autres sociétés.
  8. Toute activité assujettie à une réglementation d'accès å la profession sera effectuée pour compte de la société par des personnes dûment agréées.
  9. La société pourra s'intéresser par toutes voies dans toutes affaires, entreprises ou sociétés, ayant un objet identique, analogue ou connexe, ou qui soit de nature à favoriser le développement de son entreprise, à faciliter l'écoulement de ses produits, ou à élargir sa clientèle.
  10. D'une manière générale, la société pourra réaliser toutes opérations industrielles, commerciales, financières ou civiles, ayant un rapport direct ou indirect avec son objet ou qui soit de nature à en favoriser la réalisation.
deed of 12-04-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Trou du Loup 12 registered office 4910 Theux 02-07-1992 2.130.921.140
1 former office
  • rue de Limbourg 31, 4800 Verviers until the deed of 07-03-2019

Buildings and parcels at the address

Ground area
6,058 m²
Buildings
144 m²
Volume, LiDAR
936 m³
Tallest building
10.0 m
Buildings to scale, each on its own parcel
144 m², 10.0 m 144 m², 10.0 m

Location

registered office establishment The establishment unit on the map
6 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
63060C0094/00Z0056,058 m² 1 · 144 m² 10.0 m · 2