SFAR-ROUE
ActiveSummary
SFAR-ROUE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (€-1k) and a net result of €-4k. Equity is shrinking by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 2777 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2777 sector peers (2024).
NBB · sector comparisonPosition among 2777 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
58 d early
2022
8 d late
2021
93 d early
2020
99 d early
2019
94 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Equity
€-1k
2023 · €3k
2018: €-407klowest in 7 years
2019: €67k▲ +116% vs 2018highest in 7 years
2020: €47k▼ -29.6% vs 2019
2021: €50k▲ +6.4% vs 2020
2022: €32k▼ -36.5% vs 2021
2023: €3k▼ -91.6% vs 2022
2024: €-1k▼ -142% vs 2023
2018 → 2024
Net result
€-4k▲ 87.0%
2023 · €-29k
2018: €-201klowest in 7 years
2019: €474k▲ +336% vs 2018highest in 7 years
2020: €-20k▼ -104% vs 2019
2021: €3k▲ +115% vs 2020
2022: €-18k▼ -708% vs 2021
2023: €-29k▼ -59.3% vs 2022
2024: €-4k▲ +87.0% vs 2023
2018 → 2024
Total assets
€177k▼ 15.0%
2023 · €208k
2018: €10.68Mhighest in 7 years
2019: €319k▼ -97.0% vs 2018
2020: €269k▼ -15.6% vs 2019
2021: €245k▼ -8.9% vs 2020
2022: €208k▼ -15.2% vs 2021
2023: €208k● -0.0% vs 2022
2024: €177k▼ -15.0% vs 2023lowest in 7 years
2018 → 2024
Solvency
-0.6%▼ 1.9pp
2023 · 1.3%
2018: -3.8%lowest in 7 years
2019: 21.0%▲ +650% vs 2018highest in 7 years
2020: 17.5%▼ -16.6% vs 2019
2021: 20.4%▲ +16.7% vs 2020
2022: 15.3%▼ -25.1% vs 2021
2023: 1.3%▼ -91.6% vs 2022
2024: -0.6%▼ -150% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€47k-€50k▲ 6.4%€32k▼ 36.5%€3k▼ 91.6%€-1k
2020: €47k
2021: €50k▲ +6.4% vs 2020highest in 5 years
2022: €32k▼ -36.5% vs 2021
2023: €3k▼ -91.6% vs 2022
2024: €-1k▼ -142% vs 2023lowest in 5 years
Operating result€-19k-€3k€-16k€-34k▼ 107%€-10k▲ 69.6%
2020: €-19k
2021: €3k▲ +118% vs 2020highest in 5 years
2022: €-16k▼ -586% vs 2021
2023: €-34k▼ -107% vs 2022lowest in 5 years
2024: €-10k▲ +69.6% vs 2023
Net result€-20k-€3k€-18k€-29k▼ 59.3%€-4k▲ 87.0%
2020: €-20k
2021: €3k▲ +115% vs 2020highest in 5 years
2022: €-18k▼ -708% vs 2021
2023: €-29k▼ -59.3% vs 2022lowest in 5 years
2024: €-4k▲ +87.0% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €34k in 2023; the loss shrinks.
Key figures and ratios
ROA
-2.1%▲
2023 · -14.0%
Debt
€58k▼
2023 · €75k
Debt ≤ 1 year
€58k▼
2023 · €75k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€208k€177k▼
Current assets29/58€208k€177k▼
Amounts receivable within one year40/41€196k€14k▼
Other amounts receivable41€196k€14k▼
Current investments50/53-€162k
Cash at bank and in hand54/58€8k€581▼
Deferred charges and accrued income490/1€5k€685▼
Equity and liabilities
Total equity and liabilities10/49€208k€177k▼
Equity10/15€3k€-1k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€270€270=
Non-distributable reserves130/1€270€270=
Legal reserve130€270€270=
Profit (loss) carried forward14€-59k€-63k▼
Provisions and deferred taxes16€130k€119k▼
Provisions for liabilities and charges160/5€130k€119k▼
Other liabilities and charges164/5€130k€119k▼
Amounts payable17/49€75k€58k▼
Amounts payable within one year42/48€75k€58k▼
Trade debts44€75k€58k▼
Suppliers440/4€75k€58k▼
Income statement
Code20232024
Non-recurring operating income76A€4k€8k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-11k
Other operating charges640/8€384€587▲
Gross operating margin9900€-33k€-20k▲
Operating profit (loss)9901€-34k€-10k▲
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€289€297▲
Recurring financial charges65€289€297▲
Profit (loss) for the period before taxes9903€-29k€-4k▲
Profit (loss) for the period9904€-29k€-4k▲
Profit (loss) for the period to be appropriated9905€-29k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-63k▼
Profit (loss) brought forward from the previous period14P€-30k€-59k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €2k | €4k | €8k | ▲ 115% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €120k | - | - | €-11k | - |
| Other operating charges640/8 | - | €478 | €348 | €384 | €587 | ▲ 52.8% |
| Gross operating margin9900 | €-19k | €124k | €-16k | €-33k | €-20k | ▲ 39.4% |
| Operating profit (loss)9901 | €-19k | €3k | €-16k | €-34k | €-10k | ▲ 69.6% |
| Financial income75/76B | - | - | - | €5k | €7k | ▲ 39.2% |
| Recurring financial income75 | - | - | - | €5k | €7k | ▲ 39.2% |
| Financial charges65/66B | - | €100 | €100 | €289 | €297 | ▲ 3.0% |
| Recurring financial charges65 | €766 | €100 | €100 | €289 | €297 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €-20k | €3k | €-16k | €-29k | €-4k | ▲ 87.0% |
| Income taxes67/77 | - | €242 | €2k | - | - | - |
| Profit (loss) for the period9904 | €-20k | €3k | €-18k | €-29k | €-4k | ▲ 87.0% |
| Profit (loss) for the period to be appropriated9905 | €-20k | €3k | €-18k | €-29k | €-4k | ▲ 87.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269k | €245k | €208k | €208k | €177k | ▼ 15.0% |
| Current assets29/58 | €269k | €245k | €208k | €208k | €177k | ▼ 15.0% |
| Amounts receivable within one year40/41 | €947 | €7k | €1k | €196k | €14k | ▼ 93.1% |
| Other amounts receivable41 | - | €7k | €1k | €196k | €14k | ▼ 93.1% |
| Current investments50/53 | - | - | - | - | €162k | - |
| Cash at bank and in hand54/58 | €268k | €238k | €207k | €8k | €581 | ▼ 92.4% |
| Deferred charges and accrued income490/1 | - | - | - | €5k | €685 | ▼ 85.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269k | €245k | €208k | €208k | €177k | ▼ 15.0% |
| Equity10/15 | €47k | €50k | €32k | €3k | €-1k | ▼ 142% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €270 | €270 | €270 | €270 | €270 | = |
| Non-distributable reserves130/1 | - | €270 | €270 | €270 | €270 | = |
| Legal reserve130 | - | €270 | €270 | €270 | €270 | = |
| Profit (loss) carried forward14 | €-15k | €-12k | €-30k | €-59k | €-63k | ▼ 6.4% |
| Provisions and deferred taxes16 | €10k | €130k | €130k | €130k | €119k | ▼ 8.1% |
| Provisions for liabilities and charges160/5 | - | €130k | €130k | €130k | €119k | ▼ 8.1% |
| Other liabilities and charges164/5 | - | €130k | €130k | €130k | €119k | ▼ 8.1% |
| Amounts payable17/49 | €212k | €65k | €46k | €75k | €58k | ▼ 22.4% |
| Amounts payable within one year42/48 | €212k | €65k | €46k | €75k | €58k | ▼ 22.4% |
| Trade debts44 | €212k | €65k | €46k | €75k | €58k | ▼ 22.4% |
| Suppliers440/4 | - | €65k | €46k | €75k | €58k | ▼ 22.4% |
| Taxes, remuneration and social security45 | - | €242 | - | - | - | - |
| Taxes450/3 | - | €242 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €3k | €-18k | €-29k | €-4k | ▲ 87.0% |
| Operating cash flow (approximation) | €-20k | €3k | €-18k | €-29k | €-4k | ▲ 87.0% |
| Change in cash | - | €-30k | €-31k | €-199k | €-7k | ▲ 96.5% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.76
Current ratio from 1.27 to 3.76; short-term debt falls from €212k to €65k.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €474k
Net result €474k after one loss-making year.
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brussel · 1 establishment unit since 2007
Ground area
2,342 m²
Building footprint
1,841 m²
Volume, LiDAR
64,043 m³
Parcel 21808H0901/00N000, Brussels · tallest building 42.2 m, ±12 floors. Linked by address, not a title deed.
124
companies at this address
See who is registered here
1 establishment unit
SFAR-ROUE
since 20072.168.784.990
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0901/00N000 | Brussels | 2,342 m² | 1 · 1,841 m² | 42.2 m · 12 fl. |
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 807 companies in sector 64999 we hold annual accounts for 484. 78 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
Contact
Phone
02/548.22.11Brussel
Fax
02/511.90.74Brussel
Scores and ratios are computed by Checked and are not a credit decision.