ROYAL FLOORING
ActiveThe annual accounts of ROYAL FLOORING for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €29k and a net result of €-86k. Equity is shrinking by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 4860 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-24
Solvency29▼-13
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.0 against 1.09 in 2024; short-term debt: 95.3% and cash: 8.5% of total assets), and 95.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.1%
Return on assets
-12.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4860 sector peers (2025).
NBB · sector comparisonPosition among 4860 sector peers
Solvency
better than 9%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
41 d early
2023
20 d early
2022
14 d early
2021
25 d early
2020
22 d early
2019
7 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-86k
2024 · €16k
2018: €-27k
2019: €-61k
2020: €63k
2021: €45k
2022: €-111k
2023: €12k
2024: €16k
2018 → 2025
Working capital
€3k▼ 94.9%
2024 · €53k
2018: €126k
2019: €83k
2020: €56k
2021: €90k
2022: €17k
2023: €9k
2024: €53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€212k-€86k▼ 59.3%€99k▲ 14.2%€114k▲ 16.0%€29k▼ 75.0%
Operating result€48k-€-21k€109k€182k▲ 67.9%€42k▼ 76.9%
Net result€45k-€-111k€12k€16k▲ 29.1%€-86k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €690k
Fixed assets
€30k▼ 56.0%
Current assets
€660k▲ 7.1%
Equity and liabilities €690k
Equity
€29k▼ 75.0%
Debt
€662k▲ 16.1%
The debt ratio rises from 83.3% to 95.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€71k▼
2024 · €218k
Cash flow
€-58k▼
2024 · €51k
Solvency
4.1%▼
2024 · 16.7%
Current ratio
1.00▼
2024 · 1.09
Quick ratio
0.68▼
2024 · 1.02
Debt / equity
23.16▲
2024 · 4.98
ROE
-300.6%▼
2024 · 13.8%
ROA
-12.4%▼
2024 · 2.3%
Interest coverage
0.51▼
2024 · 1.11
Debt
€662k▲
2024 · €570k
Debt ≤ 1 year
€658k▲
2024 · €563k
Income taxes
€456▼
2024 · €494
Staff costs
€49k▼
2024 · €76k
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€684k€690k▲
Fixed assets21/28€68k€30k▼
Intangible fixed assets21€10k€424▼
Tangible fixed assets22/27€57k€29k▼
Plant, machinery and equipment23€2k€611▼
Furniture and vehicles24€48k€23k▼
Other tangible fixed assets26€7k€6k▼
Current assets29/58€616k€660k▲
Stocks and contracts in progress3€40k€211k▲
Stocks30/36€40k€211k▲
Amounts receivable within one year40/41€363k€386k▲
Trade receivables40€314k€349k▲
Other amounts receivable41€49k€38k▼
Cash at bank and in hand54/58€201k€59k▼
Deferred charges and accrued income490/1€13k€4k▼
Equity and liabilities
Total equity and liabilities10/49€684k€690k▲
Equity10/15€114k€29k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€136k€136k=
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Distributable reserves133€122k€122k=
Profit (loss) carried forward14€-83k€-169k▼
Amounts payable17/49€570k€662k▲
Amounts payable within one year42/48€563k€658k▲
Financial debts43€550k€400k▼
Credit institutions430/8€550k€400k▼
Trade debts44€3k€235k▲
Suppliers440/4€3k€235k▲
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€494€3k▲
Remuneration and social security454/9€10k€8k▼
Other amounts payable47/48€5€11k▲
Accrued charges and deferred income492/3€6k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€76k€49k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€28k▼
Other operating charges640/8€986€937▼
Non-recurring operating charges66A€0-
Gross operating margin9900€295k€120k▼
Operating profit (loss)9901€182k€42k▼
Financial income75/76B€30k€11k▼
Recurring financial income75€30k€11k▼
Financial charges65/66B€196k€139k▼
Recurring financial charges65€196k€139k▼
Profit (loss) for the period before taxes9903€16k€-85k▼
Income taxes67/77€494€456▼
Profit (loss) for the period9904€16k€-86k▼
Profit (loss) for the period to be appropriated9905€16k€-86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-169k▼
Profit (loss) brought forward from the previous period14P€-99k€-83k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €114k ▲16%
2 profitable years in a row build equity to €114k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-111k ▼348%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €212k ▲10.2%
2 profitable years in a row build equity to €212k.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €63k
Net result €63k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €193k ▲48.9%
Equity rises from €129k to €193k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
12-03-2025
Resigned as Managing director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2003
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.
Luipaardstraat(Kor) 128500 KortrijkGround area
1.6 ha
Building footprint
4,674 m²
Volume, LiDAR
62,588 m³
Parcel 34353B0339/00R000, Flanders · tallest building 21.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ROYAL FLOORING
since 20032.126.451.717
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0339/00R000 | Flanders | 1.6 ha | 1 · 4,674 m² | 21.0 m · 5 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
54930025FI30VFWH2M95
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Of 679 companies in sector 46494 we hold annual accounts for 530. 232 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-02-2003
Fiscal year end31-12
Activities, NACEBEL
46494Wholesale of non-electrical household articles
51471
46412Wholesale of household textiles and bedding
51410
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.royal-flooring.com