Rozafa
ActiveSummary
Rozafa has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €160,120 and a net result of €26,715. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+9
Solvency46▼-20
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.51 against 1.74 in 2023; short-term debt: 78.6% and cash: 0.1% of total assets), and 78.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-11-2025, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
96 d late
2023
42 d late
2022
56 d late
2021
86 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€138,450
EBIT margin
28.8%
Net result
€26,715▲ 136%
2023 · €11,327
Working capital
-€288,114
2023 · €131,629
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€138,450
Operating result€37,242-€48,933▲ 31.4%€73,624▲ 50.5%€18,488▼ 74.9%€39,805▲ 115%
Net result€27,073within the sector's middle half-€36,384above the sector's middle half▲ 34.4%€52,620within the sector's middle half▲ 44.6%€11,327within the sector's middle half▼ 78.5%€26,715within the sector's middle half▲ 136%
EBIT margin28.8%
Equity€33,073within the sector's middle half-€69,457within the sector's middle half▲ 110%€122,077within the sector's middle half▲ 75.8%€133,405within the sector's middle half▲ 9.3%€160,120within the sector's middle half▲ 20.0%
Total assets€67,288below the sector's middle half-€228,257within the sector's middle half▲ 239%€293,060below the sector's middle half▲ 28.4%€323,711within the sector's middle half▲ 10.5%€747,140within the sector's middle half▲ 131%
Debt€34,215-€158,800▲ 364%€170,983▲ 7.7%€190,307▲ 11.3%€587,020▲ 208%
Working capital€33,259within the sector's middle half-€63,767within the sector's middle half▲ 91.7%€121,851within the sector's middle half▲ 91.1%€131,629above the sector's middle half▲ 8.0%-€288,114below the sector's middle half
Solvency49.2%within the sector's middle half-30.4%within the sector's middle half▼ 18.7pp41.7%within the sector's middle half▲ 11.2pp41.2%within the sector's middle half▼ 0.4pp21.4%within the sector's middle half▼ 19.8pp
Current ratio1.98within the sector's middle half-1.46within the sector's middle half▼ 0.521.80within the sector's middle half▲ 0.351.74within the sector's middle half▼ 0.060.51within the sector's middle half▼ 1.23
Return on assets (ROA)40.2%above the sector's middle half-15.9%above the sector's middle half▼ 24.3pp18.0%above the sector's middle half▲ 2.0pp3.5%within the sector's middle half▼ 14.5pp3.6%within the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 115% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €747,140
Fixed assets
€448,234 ▲ 3,172%
Current assets
€298,907 ▼ 3.6%
Equity and liabilities €747,140
Equity
€160,120 ▲ 20.0%
Debt
€587,020 ▲ 208%
Debt's share of the balance-sheet total rises from 58.8% to 78.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€62,870▲
2023 · €23,952
Cash flow
€49,779▲
2023 · €16,792
Quick ratio
0.17▼
2023 · 0.62
Debt to equity
3.67▲
2023 · 1.43
ROE
16.7%▲
2023 · 8.5%
Interest coverage
177.41▲
2023 · 40.40
Debt ≤ 1 year
€587,020▲
2023 · €178,385
Income taxes
€12,916▲
2023 · €6,568
Staff costs
€26,706▼
2023 · €29,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,368 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 2,368 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €138,450 | - |
| Non-recurring operating income76A | - | - | - | - | €2,081 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €49,838 | - |
| Remuneration, social security and pensions62 | - | - | €23,158 | €29,171 | €26,706 | ▼ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,695 | €5,464 | €5,464 | €23,064 | ▲ 322% |
| Other operating charges640/8 | - | €640 | €948 | €857 | €1,117 | ▲ 30.4% |
| Gross operating margin9900 | €37,590 | €52,267 | €103,194 | €53,980 | €90,693 | ▲ 68.0% |
| Operating profit (loss)9901 | €37,242 | €48,933 | €73,624 | €18,488 | €39,805 | ▲ 115% |
| Financial income75/76B | - | €1,418 | €5,045 | - | €180 | - |
| Recurring financial income75 | - | €1,418 | €5,045 | - | €180 | - |
| Financial charges65/66B | - | €323 | €460 | €593 | €354 | ▼ 40.2% |
| Recurring financial charges65 | €92 | €323 | €460 | €593 | €354 | ▼ 40.2% |
| Profit (loss) for the period before taxes9903 | €37,150 | €50,029 | €78,209 | €17,895 | €39,631 | ▲ 121% |
| Income taxes67/77 | €10,077 | €13,644 | €25,588 | €6,568 | €12,916 | ▲ 96.7% |
| Profit (loss) for the period9904 | €27,073 | €36,384 | €52,620 | €11,327 | €26,715 | ▲ 136% |
| Profit (loss) for the period to be appropriated9905 | €27,073 | €36,384 | €52,620 | €11,327 | €26,715 | ▲ 136% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,288 | €228,257 | €293,060 | €323,711 | €747,140 | ▲ 131% |
| Fixed assets21/28 | - | €24,626 | €19,162 | €13,698 | €448,234 | ▲ 3,172% |
| Tangible fixed assets22/27 | - | €24,626 | €19,162 | €13,698 | €448,234 | ▲ 3,172% |
| Land and buildings22 | - | - | - | - | €440,000 | - |
| Furniture and vehicles24 | - | €24,626 | €19,162 | €13,698 | €8,234 | ▼ 39.9% |
| Current assets29/58 | €67,288 | €203,631 | €273,898 | €310,014 | €298,907 | ▼ 3.6% |
| Stocks and contracts in progress3 | - | €150,000 | €200,000 | €200,000 | €200,000 | = |
| Stocks30/36 | - | - | - | €200,000 | €200,000 | = |
| Contracts in progress37 | - | €150,000 | €200,000 | - | - | - |
| Amounts receivable within one year40/41 | - | €35,304 | €71,699 | €105,913 | €98,129 | ▼ 7.3% |
| Trade receivables40 | - | €18,937 | €66,557 | €88,067 | €96,905 | ▲ 10.0% |
| Other amounts receivable41 | - | €16,368 | €5,142 | €17,846 | €1,224 | ▼ 93.1% |
| Cash at bank and in hand54/58 | €67,288 | €18,326 | €2,199 | €4,101 | €777 | ▼ 81.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,288 | €228,257 | €293,060 | €323,711 | €747,140 | ▲ 131% |
| Equity10/15 | €33,073 | €69,457 | €122,077 | €133,405 | €160,120 | ▲ 20.0% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Outside capital11 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Share premium1100/10 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €27,073 | €63,457 | €116,077 | €127,405 | €147,405 | ▲ 15.7% |
| Non-distributable reserves130/1 | - | €600 | €600 | €600 | €600 | = |
| Legal reserve130 | - | €600 | €600 | €600 | €600 | = |
| Distributable reserves133 | - | €62,857 | €115,477 | €126,805 | €146,805 | ▲ 15.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €6,715 | ▲ 67,151,000% |
| Amounts payable17/49 | €34,215 | €158,800 | €170,983 | €190,307 | €587,020 | ▲ 208% |
| Amounts payable after more than one year17 | - | €18,936 | €18,936 | €11,922 | - | - |
| Financial debts170/4 | - | €18,936 | €18,936 | €11,922 | - | - |
| Amounts payable within one year42/48 | €34,029 | €139,864 | €152,047 | €178,385 | €587,020 | ▲ 229% |
| Current portion of amounts payable after more than one year42 | - | €6,719 | - | - | €4,908 | - |
| Trade debts44 | €2,309 | €79,501 | €99,186 | €111,740 | €65,386 | ▼ 41.5% |
| Suppliers440/4 | - | €79,501 | €99,186 | €111,740 | €65,386 | ▼ 41.5% |
| Taxes, remuneration and social security45 | - | €13,644 | €42,860 | €56,645 | €46,281 | ▼ 18.3% |
| Taxes450/3 | - | €13,644 | €39,463 | €50,001 | €29,088 | ▼ 41.8% |
| Remuneration and social security454/9 | - | - | €3,397 | €6,644 | €17,194 | ▲ 159% |
| Other amounts payable47/48 | - | €40,000 | €10,000 | €10,000 | €470,445 | ▲ 4,604% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,073 | €36,384 | €52,620 | €11,327 | €26,715 | ▲ 136% |
| + Depreciation and write-downs630 | - | €2,695 | €5,464 | €5,464 | €23,064 | ▲ 322% |
| Operating cash flow (approximation) | €27,073 | €39,079 | €58,084 | €16,792 | €49,779 | ▲ 196% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€457,600 | - |
| Change in cash | - | -€48,962 | -€16,128 | €1,902 | -€3,324 | ▼ 275% |
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
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 96 days late
2024
31-12
Financial
Equity above €150,000Eq €160,120 ▲20%
5 profitable years in a row build equity to €160,120.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
31-12
Financial
Weakest financial yearnet €11,327 ▼78.5%
Net result drops to €11,327, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
31-12
Financial
Highest result since 2020net €52,620 ▲44.6%
Operating result €73,624, net result €52,620, both a record.
31-12
Financial
Equity above €100,000Eq €122,077 ▲75.8%
3 profitable years in a row build equity to €122,077.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2020
Ground area
348 m²
Building footprint
104 m²
Parcel 44038A0655/00M000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rozafa
since 20202.298.904.354
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0655/00M000 | Flanders | 348 m² | 1 · 104 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 5,337 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
43990Other specialised construction activities
68110Buying and selling of own real estate
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742915674
Also
9925:BE0742915674
Registered
05-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.