Royalty Or
The computed 12-month bankruptcy probability of Royalty Or is 8.2% (elevated). The 2023 annual accounts show equity of €56k and a net result of €1k. Equity is growing by ~18.7% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €56k |
| Net result | €1k |
| Active | 6 yrs |
| Locations | 2 |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €9k |
| Net profit | €1k |
| Cash flow | €7k |
| Staff costs | - |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €238k |
| Equity | €56k |
| Debt | €182k |
| of which ≤ 1y | €182k |
| of which > 1y | - |
| Working capital | €27k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 1.15 |
| Quick ratio | 0.66 |
| Working capital ratio | 11.2% |
| Solvency | 23.6% |
| Debt / equity | 3.24 |
| Long-term debt ratio | - |
| Interest coverage | -230.90 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.5% |
| ROE | 2.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €238k |
| Fixed assets | 21/28 | €30k |
| Tangible fixed assets | 22/27 | €28k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €208k |
| Stocks & contracts in progress | 3 | €88k |
| Amounts receivable within one year | 40/41 | €23k |
| Cash & bank | 54/58 | €98k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €238k |
| Equity | 10/15 | €56k |
| Contributions / capital | 10/11 | €25k |
| Accumulated profits (losses) | 14 | €31k |
| Amounts payable | 17/49 | €182k |
| Amounts payable within one year | 42/48 | €182k |
| Trade debts payable within one year | 44 | €88k |
| Income statement | ||
| Gross operating margin | 9900 | €14k |
| Operating result | 9901 | €4k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €-40 |
| Result before taxes | 9903 | €4k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
Former directors (1)
-
Former- → 10-08-2020
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 05-02-2020 |
| Status | Active |
| Postal code | 1000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0819/00R000 | Brussels | 6,581 m² | 1 · 5,789 m² | 21.9 m · 6 fl. |
| 21804D1424/00E002 | Brussels | 3,406 m² | 1 · 3,354 m² | 35.3 m · 9 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
09-01-2026 Registered office moved within Brussel
- Ravensteingalerij 32, 1000 Brussel → Ravensteingalerij 33, 1000 Brussel
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Brussel",
"region": "Brussels",
"street": "Ravensteingalerij",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "33"
},
"old_address": {
"city": "Brussel",
"region": "Brussels",
"street": "Ravensteingalerij",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "32"
},
"effective_date": "2025-10-23",
"evidence_quote": "De vergadering neemt kennis van de adreswijziging waarbij de zetel van de vennootschap wordt verplaatst van Ravensteingalerij 32 te 1000 Brussel naar Ravensteingalerij 33 te 1000 Brussel."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0742.942.893",
"name_full": "ROYALTY OR",
"legal_form": "BV"
}
}04-09-2023 Registered office moved from ELSENE to Brussel
- GULDEN-VLIESLAAN 40-42, 1050 ELSENE → Ravensteingalerij 32, 1000 Brussel
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Brussel",
"region": "Brussels Gewest",
"street": "Ravensteingalerij",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "32"
},
"old_address": {
"city": "ELSENE",
"region": "Brussels Gewest",
"street": "GULDEN-VLIESLAAN",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "40-42"
},
"effective_date": "2023-08-01",
"evidence_quote": "De algemene vergadering beslist unaniem de maatschappelijke zetel vanaf 1/08/2023 te verplaatsen naar: Ravensteingalerij, winkelnummer 32, 1000 Brussel."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0742.942.893",
"name_full": "ROYALTY OR",
"legal_form": "BV"
}
}13-11-2020 Hen Izhak resigns as director
- Hen Izhak, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Hen Izhak",
"address": null,
"birth_date": null
},
"effective_date": "2020-08-10",
"evidence_quote": "het ontslag als bestuurder van de heer Hen Izhak wordt per 10.08.2020 aanvaardt. D\u00E9charge wordt hem verleend.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0742.942.893",
"name_full": "ROYALTY OR",
"legal_form": "BV"
}
}07-02-2020 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "1050 Elsene, Gulden-Vlieslaan 40-42",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1971-09-19",
"name": "MICHAELY David",
"niss": null,
"address": "2018 Antwerpen, Quinten Matsijslei 32 bus 23"
},
"share_class": "A",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 25000,
"holder_person_name": "MICHAELY David",
"is_subscriber_only": false,
"n_shares_subscribed": 250,
"amount_subscribed_eur": 25000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 25000,
"subject_company": {
"kbo": "0742.942.893",
"name_full": "Royalty Or",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2020-02-04",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Royalty Or |