ROYALE 67
ActiveSummary
ROYALE 67 has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.23M and a net result of €362k. Equity is growing by ~10.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+2
Solvency52▼-34
Growth53▼-14
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.51 against 1.48 in 2024; short-term debt: 58.2% and cash: 6.3% of total assets), and 72.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
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
27.2%
Return on assets
8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
13 d early
2022
17 d early
2021
23 d early
2020
51 d early
2019
43 d early
← 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, full schema
Turnover
€830k▲ 2.8%
2024 · €807k
2018: €658klowest in 8 years
2019: €669k▲ +1.6% vs 2018
2020: €676k▲ +1.0% vs 2019
2021: €687k▲ +1.6% vs 2020
2022: €722k▲ +5.1% vs 2021
2023: €775k▲ +7.4% vs 2022
2024: €807k▲ +4.2% vs 2023
2025: €830k▲ +2.8% vs 2024highest in 8 years
2018 → 2025
EBIT margin
49.0%▲ 5.5pp
2024 · 43.4%
2018: 39.6%lowest in 8 years
2019: 47.1%▲ +18.9% vs 2018
2020: 42.8%▼ -9.2% vs 2019
2021: 58.4%▲ +36.6% vs 2020highest in 8 years
2022: 55.7%▼ -4.7% vs 2021
2023: 45.9%▼ -17.6% vs 2022
2024: 43.4%▼ -5.3% vs 2023
2025: 49.0%▲ +12.7% vs 2024
2018 → 2025
Net result
€362k▲ 53.1%
2024 · €236k
2018: €102klowest in 8 years
2019: €144k▲ +40.8% vs 2018
2020: €148k▲ +2.8% vs 2019
2021: €235k▲ +59.0% vs 2020
2022: €249k▲ +6.0% vs 2021
2023: €215k▼ -13.9% vs 2022
2024: €236k▲ +10.1% vs 2023
2025: €362k▲ +53.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€-1.30M
2024 · €381k
2018: €-43k
2019: €-6k▲ +85.9% vs 2018
2020: €40k▲ +763% vs 2019
2021: €176k▲ +340% vs 2020
2022: €338k▲ +92.6% vs 2021
2023: €413k▲ +22.0% vs 2022highest in 8 years
2024: €381k▼ -7.6% vs 2023
2025: €-1.30M▼ -441% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€687k-€722k▲ 5.1%€775k▲ 7.4%€807k▲ 4.2%€830k▲ 2.8%
2021: €687klowest in 5 years
2022: €722k▲ +5.1% vs 2021
2023: €775k▲ +7.4% vs 2022
2024: €807k▲ +4.2% vs 2023
2025: €830k▲ +2.8% vs 2024highest in 5 years
Equity€2.07M-€2.32M▲ 12.0%€2.53M▲ 9.2%€2.77M▲ 9.3%€1.23M▼ 55.5%
2021: €2.07M
2022: €2.32M▲ +12.0% vs 2021
2023: €2.53M▲ +9.2% vs 2022
2024: €2.77M▲ +9.3% vs 2023highest in 5 years
2025: €1.23M▼ -55.5% vs 2024lowest in 5 years
Operating result€401k-€402k▲ 0.1%€355k▼ 11.5%€351k▼ 1.3%€406k▲ 15.9%
2021: €401k
2022: €402k▲ +0.1% vs 2021
2023: €355k▼ -11.5% vs 2022
2024: €351k▼ -1.3% vs 2023lowest in 5 years
2025: €406k▲ +15.9% vs 2024highest in 5 years
Net result€235k-€249k▲ 6.0%€215k▼ 13.9%€236k▲ 10.1%€362k▲ 53.1%
2021: €235k
2022: €249k▲ +6.0% vs 2021
2023: €215k▼ -13.9% vs 2022lowest in 5 years
2024: €236k▲ +10.1% vs 2023
2025: €362k▲ +53.1% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.53M
Fixed assets
€3.19M ▼ 4.6%
Current assets
€1.34M ▲ 13.7%
Equity and liabilities €4.53M
Equity
€1.23M ▼ 55.5%
Debt
€3.30M ▲ 88.0%
Debt's share of the balance-sheet total rises from 38.8% to 72.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€602k▲
2024 · €548k
Cash flow
€557k▲
2024 · €433k
Current ratio
0.51▼
2024 · 1.48
Debt to equity
2.68▲
2024 · 0.63
ROE
29.3%▲
2024 · 8.5%
ROA
8.0%▲
2024 · 5.2%
Interest coverage
16.41▲
2024 · 11.24
Debt ≤ 1 year
€2.64M▲
2024 · €800k
Debt > 1 year
€450k▼
2024 · €750k
Income taxes
€20k▼
2024 · €79k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.53M€4.53M▲
Fixed assets21/28€3.35M€3.19M▼
Tangible fixed assets22/27€3.35M€3.19M▼
Land and buildings22€3.13M€2.94M▼
Assets under construction and advance payments27€214k€255k▲
Current assets29/58€1.18M€1.34M▲
Amounts receivable within one year40/41€1.03M€1.05M▲
Trade receivables40€206k€216k▲
Other amounts receivable41€823k€836k▲
Cash at bank and in hand54/58€148k€286k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€4.53M€4.53M▲
Equity10/15€2.77M€1.23M▼
Contributions10/11€1.11M€1.11M=
Capital10€1.11M€1.11M=
Issued capital100€1.11M€1.11M=
Reserves13€111k€111k=
Non-distributable reserves130/1€111k€111k=
Legal reserve130€111k€111k=
Profit (loss) carried forward14€1.55M€9k▼
Amounts payable17/49€1.76M€3.30M▲
Amounts payable after more than one year17€750k€450k▼
Financial debts170/4€750k€450k▼
Credit institutions173€750k€450k▼
Amounts payable within one year42/48€800k€2.64M▲
Current portion of amounts payable after more than one year42€300k€300k=
Trade debts44€294k€219k▼
Suppliers440/4€294k€219k▼
Taxes, remuneration and social security45€161k€91k▼
Taxes450/3€161k€91k▼
Other amounts payable47/48€45k€2.03M▲
Accrued charges and deferred income492/3€207k€211k▲
Income statement
Code20242025
Operating income70/76A€807k€830k▲
Turnover70€807k€830k▲
Operating charges60/66A€457k€424k▼
Services and other goods61€258k€227k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€197k€196k▼
Other operating charges640/8€1k€998▼
Operating profit (loss)9901€351k€406k▲
Financial income75/76B€14k€13k▼
Recurring financial income75€14k€13k▼
Income from current assets751€13k€13k▼
Other financial income752/9€641-
Financial charges65/66B€49k€38k▼
Recurring financial charges65€49k€38k▼
Debt charges650€49k€37k▼
Other financial charges652/9€694€1k▲
Profit (loss) for the period before taxes9903€315k€381k▲
Income taxes67/77€79k€20k▼
Taxes670/3€79k€95k▲
Tax adjustments and reversals of tax provisions77-€76k
Profit (loss) for the period9904€236k€362k▲
Profit (loss) for the period to be appropriated9905€236k€362k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.55M€1.91M▲
Profit (loss) brought forward from the previous period14P€1.31M€1.55M▲
Profit to be distributed694/7-€1.90M
Return on contributions (dividend)694-€1.90M
The notes to these accounts (27 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €687k | €765k | €779k | €807k | €830k | ▲ 2.8% |
| Turnover70 | €687k | €722k | €775k | €807k | €830k | ▲ 2.8% |
| Other operating income74 | - | €44k | €4k | - | - | - |
| Operating charges60/66A | €285k | €364k | €424k | €457k | €424k | ▼ 7.2% |
| Services and other goods61 | €86k | €122k | €178k | €258k | €227k | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €197k | €197k | €197k | €197k | €196k | ▼ 0.8% |
| Other operating charges640/8 | €3k | €45k | €49k | €1k | €998 | ▼ 14.3% |
| Operating profit (loss)9901 | €401k | €402k | €355k | €351k | €406k | ▲ 15.9% |
| Financial income75/76B | €2k | €3k | €7k | €14k | €13k | ▼ 4.9% |
| Recurring financial income75 | €2k | €3k | €7k | €14k | €13k | ▼ 4.9% |
| Income from current assets751 | - | €3k | €7k | €13k | €13k | ▼ 0.3% |
| Other financial income752/9 | €2k | - | - | €641 | - | - |
| Financial charges65/66B | €82k | €73k | €60k | €49k | €38k | ▼ 23.3% |
| Recurring financial charges65 | €82k | €73k | €60k | €49k | €38k | ▼ 23.3% |
| Debt charges650 | €81k | €71k | €59k | €49k | €37k | ▼ 24.8% |
| Other financial charges652/9 | €2k | €2k | €693 | €694 | €1k | ▲ 79.8% |
| Profit (loss) for the period before taxes9903 | €321k | €332k | €302k | €315k | €381k | ▲ 21.1% |
| Income taxes67/77 | €85k | €83k | €88k | €79k | €20k | ▼ 74.9% |
| Taxes670/3 | €86k | €83k | €88k | €79k | €95k | ▲ 21.1% |
| Tax adjustments and reversals of tax provisions77 | €144 | - | - | - | €76k | - |
| Profit (loss) for the period9904 | €235k | €249k | €215k | €236k | €362k | ▲ 53.1% |
| Profit (loss) for the period to be appropriated9905 | €235k | €249k | €215k | €236k | €362k | ▲ 53.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.41M | €4.38M | €4.48M | €4.53M | €4.53M | ▲ 0.2% |
| Fixed assets21/28 | €3.72M | €3.52M | €3.37M | €3.35M | €3.19M | ▼ 4.6% |
| Tangible fixed assets22/27 | €3.72M | €3.52M | €3.37M | €3.35M | €3.19M | ▼ 4.6% |
| Land and buildings22 | €3.72M | €3.52M | €3.33M | €3.13M | €2.94M | ▼ 6.2% |
| Assets under construction and advance payments27 | - | - | €44k | €214k | €255k | ▲ 19.4% |
| Current assets29/58 | €688k | €860k | €1.11M | €1.18M | €1.34M | ▲ 13.7% |
| Amounts receivable within one year40/41 | €377k | €439k | €1.06M | €1.03M | €1.05M | ▲ 2.2% |
| Trade receivables40 | €175k | €236k | €248k | €206k | €216k | ▲ 4.7% |
| Other amounts receivable41 | €202k | €203k | €810k | €823k | €836k | ▲ 1.6% |
| Cash at bank and in hand54/58 | €308k | €417k | €43k | €148k | €286k | ▲ 93.8% |
| Deferred charges and accrued income490/1 | €3k | €4k | €5k | €5k | €5k | ▲ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.41M | €4.38M | €4.48M | €4.53M | €4.53M | ▲ 0.2% |
| Equity10/15 | €2.07M | €2.32M | €2.53M | €2.77M | €1.23M | ▼ 55.5% |
| Contributions10/11 | €1.11M | €1.11M | €1.11M | €1.11M | €1.11M | = |
| Capital10 | €1.11M | €1.11M | €1.11M | €1.11M | €1.11M | = |
| Issued capital100 | €1.11M | €1.11M | €1.11M | €1.11M | €1.11M | = |
| Reserves13 | €111k | €111k | €111k | €111k | €111k | = |
| Non-distributable reserves130/1 | €111k | €111k | €111k | €111k | €111k | = |
| Legal reserve130 | €111k | €111k | €111k | €111k | €111k | = |
| Profit (loss) carried forward14 | €848k | €1.10M | €1.31M | €1.55M | €9k | ▼ 99.4% |
| Amounts payable17/49 | €2.34M | €2.06M | €1.94M | €1.76M | €3.30M | ▲ 88.0% |
| Amounts payable after more than one year17 | €1.65M | €1.35M | €1.05M | €750k | €450k | ▼ 40.0% |
| Financial debts170/4 | €1.65M | €1.35M | €1.05M | €750k | €450k | ▼ 40.0% |
| Credit institutions173 | €1.65M | €1.35M | €1.05M | €750k | €450k | ▼ 40.0% |
| Amounts payable within one year42/48 | €512k | €522k | €693k | €800k | €2.64M | ▲ 230% |
| Current portion of amounts payable after more than one year42 | €300k | €300k | €300k | €300k | €300k | = |
| Trade debts44 | €81k | €93k | €177k | €294k | €219k | ▼ 25.7% |
| Suppliers440/4 | €81k | €93k | €177k | €294k | €219k | ▼ 25.7% |
| Taxes, remuneration and social security45 | €86k | €83k | €171k | €161k | €91k | ▼ 43.1% |
| Taxes450/3 | €86k | €83k | €171k | €161k | €91k | ▼ 43.1% |
| Other amounts payable47/48 | €45k | €45k | €45k | €45k | €2.03M | ▲ 4,372% |
| Accrued charges and deferred income492/3 | €175k | €192k | €200k | €207k | €211k | ▲ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €235k | €249k | €215k | €236k | €362k | ▲ 53.1% |
| + Depreciation and write-downs630 | €197k | €197k | €197k | €197k | €196k | ▼ 0.8% |
| Operating cash flow (approximation) | €432k | €446k | €411k | €433k | €557k | ▲ 28.6% |
| Investment in fixed assets (approximation) | - | €1 | €-45k | €-171k | €-41k | ▲ 75.8% |
| Change in cash | - | €109k | €-374k | €105k | €138k | ▲ 32.4% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €362k ▲53.1%
Operating result €406k, net result €362k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.07M ▲12.8%
4 profitable years in a row build equity to €2.07M.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 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
26 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, Watermaal-Bosvoorde · 1 establishment unit since 2001
Ground area
8.3 ha
Building footprint
1.3 ha
Volume, LiDAR
184,450 m³
Parcel 21652E0905/00H000, Brussels · tallest building 51.1 m, ±3 floors. Linked by address, not a title deed.
139
companies at this address
See who is registered here
1 establishment unit
Vorstlaan 25, 1170 Watermaal-Bosvoorde
since 20012.098.002.607
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0905/00H000 | Brussels | 8.3 ha | 1 · 1.3 ha | 51.0 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Watermael-Boitsfort · LEI lapsed
controls
ROYALE 67BE 0474.634.064
Recognitions · licences · registrations
Legal Entity Identifier
549300MTNPLBC57KP110
Identification & contact
Identification
Legal formPublic limited company
Founded24-04-2001
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.