ROYALE
ActiveSummary
ROYALE has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €638,452 and a net result of -€127,405. Equity remains stable across the filed fiscal years (±0.8% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-48
Solvency89▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 0.24 in 2023; short-term debt: 33.9% and cash: 59.2% of total assets), and 36.5% of the assets are financed with debt.
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Signals
Five 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 · 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 2024Solvency, return and age of the figures
Solvency
63.5%
Return on assets
-12.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
50 d early
2022
59 d early
2021
40 d early
2020
57 d early
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 52 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€638,452▼ 6.0%
2023 · €679,138
Total assets
€1.0m▼ 3.4%
2023 · €1.0m
Net result
-€127,405
2023 · €7,433
Working capital
€257,302
2023 · -€188,986
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,228▼ 58.9%-€50,968€13,037€25,733▲ 97.4%€2,720▼ 89.4%
Net result€670▼ 87.2%-€22,829€4,515€7,433▲ 64.6%-€127,405
Equity€690,018▲ 0.1%€667,189▼ 3.3%€671,705▲ 0.7%€679,138▲ 1.1%€638,452▼ 6.0%
Total assets€975,911▼ 4.0%€1.1m▲ 9.8%€1.0m▼ 2.1%€1.0m▼ 0.7%€1.0m▼ 3.4%
Debt€132,994▼ 22.4%€286,308▲ 115%€264,666▼ 7.6%€254,828▼ 3.7%€348,552▲ 36.8%
Working capital€569,731▼ 1.9%-€212,760-€204,239▲ 4.0%-€188,986▲ 7.5%€257,302
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€407,571 ▼ 58.5%
Current assets
€597,775 ▲ 915%
Equity and liabilities €1.0m
Equity
€638,452 ▼ 6.0%
Provisions
€18,342 ▼ 82.9%
Debt
€348,552 ▲ 36.8%
Debt's share of the balance-sheet total rises from 24.5% to 34.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24,277▼
2023 · €64,006
Cash flow
-€105,848▼
2023 · €45,706
Current ratio
1.76▲
2023 · 0.24
Debt to equity
0.55▲
2023 · 0.38
ROE
-20.0%▼
2023 · 1.1%
ROA
-12.7%▼
2023 · 0.7%
Interest coverage
1.33▼
2023 · 5.04
Debt ≤ 1 year
€340,473▲
2023 · €247,868
Income taxes
€114,052▲
2023 · €10,961
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,865 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,182 | €96,574 | €38,090 | €38,273 | €21,557 | ▼ 43.7% |
| Other operating charges640/8 | - | €14,088 | €14,475 | €15,835 | €15,995 | ▲ 1.0% |
| Gross operating margin9900 | €44,493 | €59,695 | €65,602 | €79,841 | €40,271 | ▼ 49.6% |
| Operating profit (loss)9901 | €5,228 | -€50,968 | €13,037 | €25,733 | €2,720 | ▼ 89.4% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €6,724 | €9,815 | €12,700 | €18,221 | ▲ 43.5% |
| Recurring financial charges65 | €3,570 | €6,724 | €9,815 | €12,700 | €18,221 | ▲ 43.5% |
| Profit (loss) for the period before taxes9903 | €1,658 | -€57,692 | €3,222 | €13,034 | -€15,501 | ▼ 219% |
| Transfer from deferred taxes780 | - | €34,969 | €5,360 | €5,360 | €2,148 | ▼ 59.9% |
| Income taxes67/77 | €3,953 | €106 | €4,067 | €10,961 | €114,052 | ▲ 941% |
| Profit (loss) for the period9904 | €670 | -€22,829 | €4,515 | €7,433 | -€127,405 | ▼ 1,814% |
| Transfer from tax-exempt reserves789 | - | €35,859 | €14,493 | €14,493 | €351,732 | ▲ 2,327% |
| Transfer to tax-exempt reserves689 | - | €22,512 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €6,428 | -€9,482 | €19,008 | €21,926 | €224,327 | ▲ 923% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €975,911 | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 3.4% |
| Fixed assets21/28 | €365,215 | €1.1m | €1.0m | €982,293 | €407,571 | ▼ 58.5% |
| Tangible fixed assets22/27 | €365,215 | €1.1m | €1.0m | €982,293 | €407,571 | ▼ 58.5% |
| Land and buildings22 | - | €1.1m | €1.0m | €981,177 | €404,889 | ▼ 58.7% |
| Plant, machinery and equipment23 | - | - | - | - | €2,387 | - |
| Furniture and vehicles24 | - | - | €1,936 | €1,115 | €295 | ▼ 73.6% |
| Current assets29/58 | €610,696 | €15,233 | €28,375 | €58,883 | €597,775 | ▲ 915% |
| Current investments50/53 | €603,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Cash at bank and in hand54/58 | €7,696 | €12,233 | €25,375 | €55,883 | €594,775 | ▲ 964% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €975,911 | €1.1m | €1.0m | €1.0m | €1.0m | ▼ 3.4% |
| Equity10/15 | €690,018 | €667,189 | €671,705 | €679,138 | €638,452 | ▼ 6.0% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €628,518 | €605,689 | €610,205 | €617,638 | €576,952 | ▼ 6.6% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | €347,438 | €332,945 | €318,452 | €53,439 | ▼ 83.2% |
| Distributable reserves133 | - | €252,101 | €271,109 | €293,035 | €517,362 | ▲ 76.6% |
| Provisions and deferred taxes16 | €152,899 | €117,929 | €112,569 | €107,209 | €18,342 | ▼ 82.9% |
| Deferred taxes168 | - | €117,929 | €112,569 | €107,209 | €18,342 | ▼ 82.9% |
| Amounts payable17/49 | €132,994 | €286,308 | €264,666 | €254,828 | €348,552 | ▲ 36.8% |
| Amounts payable after more than one year17 | €85,105 | €51,381 | €26,052 | €0 | - | - |
| Financial debts170/4 | - | €51,381 | €26,052 | €0 | - | - |
| Amounts payable within one year42/48 | €40,964 | €227,993 | €232,614 | €247,868 | €340,473 | ▲ 37.4% |
| Current portion of amounts payable after more than one year42 | - | €28,313 | €25,462 | €26,052 | €0 | ▼ 100% |
| Trade debts44 | €511 | - | - | - | €3,187 | - |
| Suppliers440/4 | - | - | - | - | €3,187 | - |
| Taxes, remuneration and social security45 | - | €5,307 | €6,440 | €11,894 | €114,028 | ▲ 859% |
| Taxes450/3 | - | €5,307 | €6,440 | €11,894 | €114,028 | ▲ 859% |
| Other amounts payable47/48 | - | €194,373 | €200,712 | €209,922 | €223,258 | ▲ 6.4% |
| Accrued charges and deferred income492/3 | - | €6,934 | €6,000 | €6,960 | €8,079 | ▲ 16.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €670 | -€22,829 | €4,515 | €7,433 | -€127,405 | ▼ 1,814% |
| + Depreciation and write-downs630 | €26,182 | €96,574 | €38,090 | €38,273 | €21,557 | ▼ 43.7% |
| Operating cash flow (approximation) | €26,852 | €73,746 | €42,606 | €45,706 | -€105,848 | ▼ 332% |
| Investment in fixed assets (approximation) | - | -€787,553 | -€2,462 | €0 | €553,165 | - |
| Change in cash | - | €4,537 | €13,142 | €30,508 | €538,892 | ▲ 1,666% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€127,405
Net result drops to -€127,405, the lowest in the series.
31-12
Financial
Liquidity times 7current ratio 1.76
Current ratio from 0.24 to 1.76.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,515
Net result €4,515 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1969
Ground area
895 m²
Building footprint
761 m²
Volume, LiDAR
2,526 m³
2 parcels, Flanders · tallest building 25.2 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ROYALE
since 19692.002.894.305
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0103/00B000indicative | Flanders | 769 m² | 1 · 635 m² | - |
| 31008I0113/00_000 | Flanders | 126 m² | 1 · 126 m² | 25.2 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded01-07-1969
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0406743170
Also
9925:BE0406743170
Registered
19-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.