ROXANE
ActiveSummary
ROXANE has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190,823 and a net result of €24,667. Equity has been growing by about 15% per year since 2018. Its solvency ranks better than 83% of 8,575 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-02-1999 Normal situation
- Activity
- Advertising agencies NACE 73110and 2 others
- Establishment unit
- 2.090.428.687 4030 Liège, since 15-03-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €49,420
- ▲ 77.0%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €24,667
- ▲ 99.0%
- Equity
- €190,823
- ▲ 14.8%
- Total assets
- €224,350
- ▲ 15.9%
- 2025 accounts filed 20 days after the deadline
Score breakdownlowers riskLiquidity: current ratio 6.23, cash €161,453Equity €190,823 (85.1% of total assets)Founded in 1999Size: total assets €224,350Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 73, micro). It does better than 87% of them on solvency, 91% on liquidity, 58% on profitability and 66% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00408911.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 27 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 133% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €41,455 | €1,478 | €3,422 | €5,865 | €6,454 |
| Depreciation and write-downs of the year | €3,370 | €9,715 | €10,185 | €10,708 | €11,973 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as ROXANE: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €201,000 and €231,000, founded between 1995 and 2000.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| ROXANE Liège | 1999 | €224,350 | €190,823 | €49,420 | €24,667 | 2025 |
| MEDIACONCEPT Spa | 1995 | €228,959 | €17,274 | €40,348 | -€8,142 | 2025 |
| TEKRON Herent | 2000 | €204,386 | €176,687 | €47,105 | €28,428 | 2025 |
| HD CONCEPT Pajottegem | 2000 | €231,109 | €180,058 | €43,899 | €32,814 | 2025 |
| BVM COMMUNICATION Braine-l'Alleud | 1999 | €218,781 | €147,267 | €60,789 | €33,623 | 2025 |
| RDJ Projects Boom | 1998 | €200,681 | €51,724 | €56,891 | €33,772 | 2025 |
| GRAFFITO Lokeren | 1996 | €221,965 | €311 | €41,768 | -€80,183 | 2024 |
They were chosen from the 3,859 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as ROXANE has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ROXANE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 31,368 companies, not a prediction for ROXANE. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €140,507 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €3,719 | €2,892 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €103,388 | €123,606 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,833 | €1,373 | €662 | €3,370 | €9,715 | €10,185 | €10,708 | €11,973 | ▲ 11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,000 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €3,278 | €3,577 | €1,747 | €1,548 | €888 | ▼ 42.6% |
| Gross operating margin9900 | €19,234 | €12,308 | €44,946 | €43,194 | €40,012 | €39,036 | €27,925 | €49,420 | ▲ 77.0% |
| Operating profit (loss)9901 | €5,303 | €9,337 | €41,176 | €37,546 | €26,720 | €27,104 | €15,669 | €36,559 | ▲ 133% |
| Financial income75/76B | - | - | - | €350 | - | €125 | €458 | €428 | ▼ 6.6% |
| Recurring financial income75 | €369 | €87 | €110 | €350 | - | €125 | €458 | €428 | ▼ 6.6% |
| Financial charges65/66B | - | - | - | - | €715 | €344 | €161 | €166 | ▲ 3.3% |
| Recurring financial charges65 | €848 | €316 | €838 | - | €715 | €344 | €161 | €166 | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €4,824 | €9,108 | €40,448 | €37,896 | €26,005 | €26,885 | €15,967 | €36,821 | ▲ 131% |
| Income taxes67/77 | €2,385 | €2,663 | €11,510 | €10,138 | €10,540 | €9,181 | €3,568 | €12,154 | ▲ 241% |
| Profit (loss) for the period9904 | €2,439 | €6,445 | €28,938 | €27,758 | €15,465 | €17,704 | €12,398 | €24,667 | ▲ 99.0% |
| Profit (loss) for the period to be appropriated9905 | €2,439 | €6,445 | €28,938 | €27,758 | €15,465 | €17,704 | €12,398 | €24,667 | ▲ 99.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €90,576 | €85,061 | €120,018 | €190,681 | €189,288 | €188,406 | €193,649 | €224,350 | ▲ 15.9% |
| Fixed assets21/28 | €2,480 | €1,107 | €2,758 | €40,843 | €32,606 | €25,843 | €21,000 | €15,481 | ▼ 26.3% |
| Tangible fixed assets22/27 | €2,340 | €967 | €2,618 | €40,703 | €32,466 | €25,703 | €20,860 | €15,341 | ▼ 26.5% |
| Furniture and vehicles24 | - | - | - | €40,703 | €32,466 | €25,703 | €20,860 | €15,341 | ▼ 26.5% |
| Financial fixed assets28 | €140 | €140 | €140 | €140 | €140 | €140 | €140 | €140 | ▼ 0.2% |
| Current assets29/58 | €88,096 | €83,954 | €117,260 | €149,838 | €156,682 | €162,563 | €172,649 | €208,869 | ▲ 21.0% |
| Amounts receivable within one year40/41 | €22,342 | €16,921 | €25,971 | €25,692 | €21,006 | €28,452 | €42,075 | €47,297 | ▲ 12.4% |
| Trade receivables40 | - | - | - | €25,692 | €21,006 | €28,452 | €42,075 | €47,297 | ▲ 12.4% |
| Cash at bank and in hand54/58 | €65,453 | €66,965 | €91,222 | €124,078 | €135,676 | €134,111 | €130,574 | €161,453 | ▲ 23.6% |
| Deferred charges and accrued income490/1 | - | - | - | €68 | - | - | - | €119 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €90,576 | €85,061 | €120,018 | €190,681 | €189,288 | €188,406 | €193,649 | €224,350 | ▲ 15.9% |
| Equity10/15 | €57,448 | €63,893 | €92,831 | €120,589 | €136,053 | €153,758 | €166,156 | €190,823 | ▲ 14.8% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Capital10 | - | - | - | €19,000 | - | - | - | - | - |
| Issued capital100 | - | - | - | €19,000 | - | - | - | - | - |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,900 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,900 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,900 | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | €36,548 | €42,993 | €71,931 | €99,689 | €115,153 | €132,858 | €145,256 | €169,923 | ▲ 17.0% |
| Amounts payable17/49 | €33,128 | €21,168 | €27,187 | €70,092 | €53,235 | €34,648 | €27,493 | €33,527 | ▲ 21.9% |
| Amounts payable after more than one year17 | €2,943 | - | - | €17,472 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €17,472 | - | - | - | - | - |
| Amounts payable within one year42/48 | €30,185 | €21,168 | €27,187 | €52,620 | €53,235 | €34,648 | €27,493 | €33,527 | ▲ 21.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,156 | €17,472 | - | - | - | - |
| Trade debts44 | €11,766 | €10,839 | €6,775 | €10,239 | €7,219 | €5,317 | €14,222 | €7,744 | ▼ 45.5% |
| Suppliers440/4 | - | - | - | €10,239 | €7,219 | €5,317 | €14,222 | €7,744 | ▼ 45.5% |
| Taxes, remuneration and social security45 | - | - | - | €25,225 | €28,544 | €29,331 | €13,271 | €25,783 | ▲ 94.3% |
| Taxes450/3 | - | - | - | €18,403 | €25,294 | €25,831 | €11,271 | €23,783 | ▲ 111% |
| Remuneration and social security454/9 | - | - | - | €6,822 | €3,250 | €3,500 | €2,000 | €2,000 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,439 | €6,445 | €28,938 | €27,758 | €15,465 | €17,704 | €12,398 | €24,667 | ▲ 99.0% |
| + Depreciation and write-downs630 | €4,833 | €1,373 | €662 | €3,370 | €9,715 | €10,185 | €10,708 | €11,973 | ▲ 11.8% |
| Operating cash flow (approximation) | €7,272 | €7,818 | €29,600 | €31,128 | €25,180 | €27,889 | €23,106 | €36,640 | ▲ 58.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,313 | -€41,455 | -€1,478 | -€3,422 | -€5,865 | -€6,454 | ▼ 10.0% |
| Change in cash | - | €1,512 | €24,257 | €32,856 | €11,598 | -€1,565 | -€3,537 | €30,879 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00408911 | NBB |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00429191 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00404005 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00393389 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20363291 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65900224 | |
| 31-12-2019 | micro format | 27-10-2020 | 2020-63900117 | |
| 31-12-2018 | full format | 28-08-2019 | 2019-53000045 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-58800015 | |
| 31-12-2016 | full format | 18-08-2017 | 2017-45200560 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 24-10-2023 Converted to unavailable equity · €20,900
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GAUDRON Patrick Vladimir René |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 24-10-2023 (in French)
Network & group
ROXANE shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of ROXANE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-10
Gazette deed
Change of role: GAUDRON Patrick Vladimir René, from manager to directorLegal-form conversion · Capital conversion · Amendment of the articles9 points ▸
- General meeting, 20-10-2023
- Legal-form conversion, “Société à responsabilité limitée (SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “mise à disposition des capitaux indisponibles, rendre disponibles lesdits capitaux” (deed in French)
- Amendment of the articles
- Kind of shares, “nominatives, actions” (deed in French)
- Director resignation, GAUDRON Patrick Vladimir René (manager)
- Director discharge, GAUDRON Patrick Vladimir René (manager)
- Director appointment, GAUDRON Patrick Vladimir René (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62302C0009/00T008 | Wallonia | 1,124 m² | 1 · 148 m² | 8.3 m · 2 |
| 62302C0444/00N003 | Wallonia | 199 m² | 1 · 52 m² | - |