VAN RODE
ActiveSummary
The computed 12-month bankruptcy probability of VAN RODE is 1.8% (moderate). The 2025 annual accounts show equity of €117k and a net result of €98k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 4522 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+9
Solvency44▼-44
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 2.23 in 2024; short-term debt: 81.1% and cash: 55.8% of total assets), and 81.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.9%
Return on assets
15.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
28 d late
2024
7 d early
2023
28 d late
2022
5 d early
2021
12 d early
2020
24 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€117k▼ 63.2%
2024 · €320k
2020: €84klowest in 6 years
2021: €159k▲ +89.5% vs 2020
2022: €223k▲ +40.3% vs 2021
2023: €280k▲ +25.7% vs 2022
2024: €320k▲ +14.2% vs 2023highest in 6 years
2025: €117k▼ -63.2% vs 2024
2020 → 2025
Total assets
€621k▲ 22.8%
2024 · €506k
2020: €362klowest in 6 years
2021: €383k▲ +5.8% vs 2020
2022: €413k▲ +7.6% vs 2021
2023: €474k▲ +15.0% vs 2022
2024: €506k▲ +6.6% vs 2023
2025: €621k▲ +22.8% vs 2024highest in 6 years
2020 → 2025
Net result
€98k▲ 146%
2024 · €40k
2020: €69k
2021: €75k▲ +9.1% vs 2020
2022: €64k▼ -14.7% vs 2021
2023: €57k▼ -10.4% vs 2022
2024: €40k▼ -30.6% vs 2023lowest in 6 years
2025: €98k▲ +146% vs 2024highest in 6 years
2020 → 2025
Working capital
€60k▼ 73.6%
2024 · €226k
2020: €-77klowest in 6 years
2021: €3k▲ +104% vs 2020
2022: €106k▲ +3691% vs 2021
2023: €156k▲ +47.6% vs 2022
2024: €226k▲ +44.6% vs 2023highest in 6 years
2025: €60k▼ -73.6% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€159k-€223k▲ 40.3%€280k▲ 25.7%€320k▲ 14.2%€117k▼ 63.2%
2021: €159k
2022: €223k▲ +40.3% vs 2021
2023: €280k▲ +25.7% vs 2022
2024: €320k▲ +14.2% vs 2023highest in 5 years
2025: €117k▼ -63.2% vs 2024lowest in 5 years
Operating result€94k-€81k▼ 14.6%€73k▼ 9.4%€54k▼ 25.8%€133k▲ 146%
2021: €94k
2022: €81k▼ -14.6% vs 2021
2023: €73k▼ -9.4% vs 2022
2024: €54k▼ -25.8% vs 2023lowest in 5 years
2025: €133k▲ +146% vs 2024highest in 5 years
Net result€75k-€64k▼ 14.7%€57k▼ 10.4%€40k▼ 30.6%€98k▲ 146%
2021: €75k
2022: €64k▼ -14.7% vs 2021
2023: €57k▼ -10.4% vs 2022
2024: €40k▼ -30.6% vs 2023lowest in 5 years
2025: €98k▲ +146% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 146% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €621k
Fixed assets
€58k ▼ 39.7%
Current assets
€563k ▲ 37.5%
Equity and liabilities €621k
Equity
€117k ▼ 63.2%
Debt
€504k ▲ 171%
Debt's share of the balance-sheet total rises from 36.8% to 81.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€172k▲
2024 · €105k
Cash flow
€136k▲
2024 · €90k
Current ratio
1.12▼
2024 · 2.23
Debt to equity
4.29▲
2024 · 0.58
ROE
83.4%▲
2024 · 12.4%
ROA
15.8%▲
2024 · 7.9%
Interest coverage
361.49▲
2024 · 106.56
Debt ≤ 1 year
€504k▲
2024 · €183k
Income taxes
€35k▲
2024 · €13k
Staff costs
€137k▲
2024 · €113k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€506k€621k▲
Fixed assets21/28€96k€58k▼
Intangible fixed assets21€81-
Tangible fixed assets22/27€96k€58k▼
Land and buildings22€19k€16k▼
Plant, machinery and equipment23€28k€13k▼
Furniture and vehicles24€49k€29k▼
Current assets29/58€410k€563k▲
Amounts receivable within one year40/41€181k€209k▲
Trade receivables40€178k€208k▲
Other amounts receivable41€2k€627▼
Cash at bank and in hand54/58€227k€347k▲
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€506k€621k▲
Equity10/15€320k€117k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€305k€102k▼
Amounts payable17/49€186k€504k▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€183k€504k▲
Current portion of amounts payable after more than one year42€10k€3k▼
Trade debts44€21k€7k▼
Suppliers440/4€21k€7k▼
Advances received on contracts in progress46-€46k
Taxes, remuneration and social security45€17k€58k▲
Taxes450/3€6k€45k▲
Remuneration and social security454/9€11k€13k▲
Other amounts payable47/48€135k€390k▲
Income statement
Code20242025
Remuneration, social security and pensions62€113k€137k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€38k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€220k€311k▲
Operating profit (loss)9901€54k€133k▲
Financial income75/76B€0€10▲
Recurring financial income75€0€10▲
Financial charges65/66B€981€475▼
Recurring financial charges65€981€475▼
Profit (loss) for the period before taxes9903€53k€133k▲
Income taxes67/77€13k€35k▲
Profit (loss) for the period9904€40k€98k▲
Profit (loss) for the period to be appropriated9905€40k€98k▲
Appropriation of the result
Profit (loss) to be appropriated9906€305k€402k▲
Profit (loss) brought forward from the previous period14P€265k€305k▲
Profit to be distributed694/7-€300k
Return on contributions (dividend)694-€300k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15k | - | - | - |
| Remuneration, social security and pensions62 | €150k | €190k | €128k | €113k | €137k | ▲ 20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €51k | €48k | €50k | €38k | ▼ 24.2% |
| Other operating charges640/8 | €1k | €1k | €2k | €2k | €2k | ▲ 36.2% |
| Gross operating margin9900 | €292k | €323k | €251k | €220k | €311k | ▲ 41.6% |
| Operating profit (loss)9901 | €94k | €81k | €73k | €54k | €133k | ▲ 146% |
| Financial income75/76B | €0 | €0 | €100 | €0 | €10 | ▲ 9,790% |
| Recurring financial income75 | €0 | €0 | €100 | €0 | €10 | ▲ 9,790% |
| Financial charges65/66B | €501 | €383 | €1k | €981 | €475 | ▼ 51.6% |
| Recurring financial charges65 | €501 | €383 | €1k | €981 | €475 | ▼ 51.6% |
| Profit (loss) for the period before taxes9903 | €94k | €80k | €72k | €53k | €133k | ▲ 150% |
| Income taxes67/77 | €19k | €16k | €15k | €13k | €35k | ▲ 160% |
| Profit (loss) for the period9904 | €75k | €64k | €57k | €40k | €98k | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | €75k | €64k | €57k | €40k | €98k | ▲ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €383k | €413k | €474k | €506k | €621k | ▲ 22.8% |
| Fixed assets21/28 | €167k | €120k | €140k | €96k | €58k | ▼ 39.7% |
| Intangible fixed assets21 | €3k | €2k | €1k | €81 | - | - |
| Tangible fixed assets22/27 | €164k | €118k | €139k | €96k | €58k | ▼ 39.7% |
| Land and buildings22 | €30k | €27k | €23k | €19k | €16k | ▼ 19.3% |
| Plant, machinery and equipment23 | €74k | €53k | €43k | €28k | €13k | ▼ 51.7% |
| Furniture and vehicles24 | €60k | €38k | €72k | €49k | €29k | ▼ 40.9% |
| Current assets29/58 | €216k | €293k | €335k | €410k | €563k | ▲ 37.5% |
| Amounts receivable within one year40/41 | €140k | €224k | €152k | €181k | €209k | ▲ 15.4% |
| Trade receivables40 | €138k | €220k | €150k | €178k | €208k | ▲ 16.7% |
| Other amounts receivable41 | €1k | €4k | €2k | €2k | €627 | ▼ 74.1% |
| Cash at bank and in hand54/58 | €68k | €68k | €167k | €227k | €347k | ▲ 52.9% |
| Deferred charges and accrued income490/1 | €8k | €1k | €15k | €2k | €8k | ▲ 258% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €383k | €413k | €474k | €506k | €621k | ▲ 22.8% |
| Equity10/15 | €159k | €223k | €280k | €320k | €117k | ▼ 63.2% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €144k | €208k | €265k | €305k | €102k | ▼ 66.3% |
| Amounts payable17/49 | €225k | €190k | €195k | €186k | €504k | ▲ 171% |
| Amounts payable after more than one year17 | €11k | €3k | €16k | €3k | - | - |
| Financial debts170/4 | €11k | €3k | €16k | €3k | - | - |
| Amounts payable within one year42/48 | €213k | €187k | €178k | €183k | €504k | ▲ 174% |
| Current portion of amounts payable after more than one year42 | €13k | €8k | €10k | €10k | €3k | ▼ 74.2% |
| Trade debts44 | €22k | €10k | €22k | €21k | €7k | ▼ 66.3% |
| Suppliers440/4 | €22k | €10k | €22k | €21k | €7k | ▼ 66.3% |
| Advances received on contracts in progress46 | - | - | - | - | €46k | - |
| Taxes, remuneration and social security45 | €42k | €35k | €13k | €17k | €58k | ▲ 249% |
| Taxes450/3 | €34k | €13k | €5k | €6k | €45k | ▲ 635% |
| Remuneration and social security454/9 | €8k | €22k | €8k | €11k | €13k | ▲ 20.6% |
| Other amounts payable47/48 | €136k | €133k | €133k | €135k | €390k | ▲ 188% |
| Accrued charges and deferred income492/3 | €381 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75k | €64k | €57k | €40k | €98k | ▲ 146% |
| + Depreciation and write-downs630 | €46k | €51k | €48k | €50k | €38k | ▼ 24.2% |
| Operating cash flow (approximation) | €121k | €115k | €105k | €90k | €136k | ▲ 51.1% |
| Investment in fixed assets (approximation) | - | €-4k | €-68k | €-7k | €0 | ▲ 100% |
| Change in cash | - | €-655 | €99k | €60k | €120k | ▲ 100.0% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2020net €98k ▲146%
Operating result €133k, net result €98k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €40k ▼30.6%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €223k ▲40.3%
3 profitable years in a row build equity to €223k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €159k ▲89.5%
2 profitable years in a row build equity to €159k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 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, Merchtem · 1 establishment unit since 2020
Ground area
879 m²
Building footprint
103 m²
Volume, LiDAR
23 m³
Parcel 23602H0484/00V000, Flanders · tallest building 4.1 m. Linked by address, not a title deed.
1 establishment unit
VAN RODE
since 20202.298.852.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0484/00V000 | Flanders | 878 m² | 1 · 103 m² | 4.1 m |
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 21,213 companies in sector 81300 we hold annual accounts for 4,364. 3,595 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
81300Landscape service activities
Contact
E-mail
nicovanrode@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.