Checked.be
Active
BE 0460.623.504Private limited company
Romastyle
Industrielaan 22 ·9660 Brakel, Belgium· 29 yrs active
Sector: Wholesale of timber
(46832)
Conclusion
Romastyle has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €-33k. Equity is shrinking by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €40k |
| Net result | €-33k |
| Staff (FTE) | 1 |
| Better than sector | 31% |
Financial profile
35
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
2
Profitability
0
Solvency
14
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
2
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
30
2022
23
2023
43
2024
2
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.58 (< 1.0)
-10
Quick ratio
Quick ratio 0.58 (< 0.6)
-5
Leverage
Debt/equity 4.62 (> 3.0)
-10
Profitability
Negatieve ROE -83%
-10
Interest coverage
Interest coverage -105.0× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~17.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
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).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.8% | 42.6% | |
| Net result | €-33k | €6k | |
| Equity | €40k | €60k | |
| Gross operating margin | €49k | €29k | |
| Staff costs | €69k | €37k |
€-23k
-
22-25
€-33k
-593.0%
22-25
€-23k
-
22-25
€227k
-13.9%
22-25
€40k
-45.3%
22-25
€-79k
-41.0%
22-25
1
0.0%
22-25
€69k
+7.7%
22-25
€187k
-1.7%
22-25
€187k
-1.7%
22-25
0.58
-18.3%
22-25
0.58
-18.3%
22-25
17.8%
-36.5%
22-25
4.62
+79.8%
22-25
-82.9%
-1167.2%
22-25
-14.7%
-704.8%
22-25
-105.02
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-23k | €6k | €-433 | €-35k |
| Net profit | €-33k | €-5k | €-10k | €-48k |
| Cash flow | €-23k | €6k | €-607 | €-36k |
| Staff costs | €69k | €64k | €61k | €53k |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €227k | €264k | €190k | €162k |
| Equity | €40k | €74k | €79k | €89k |
| Debt | €187k | €190k | €111k | €73k |
| of which ≤ 1y | €187k | €190k | €111k | €73k |
| of which > 1y | - | - | - | - |
| Working capital | €-79k | €-56k | €-62k | €-18k |
| Employees (FTE) | 1.0 | 1.0 | 0.8 | 0.8 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.58 | 0.70 | 0.44 | 0.76 |
| Quick ratio | 0.58 | 0.70 | 0.44 | 0.76 |
| Working capital ratio | -34.9% | -21.3% | -32.5% | -11.0% |
| Solvency | 17.8% | 28.0% | 41.4% | 54.8% |
| Debt / equity | 4.62 | 2.57 | 1.41 | 0.82 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -105.02 | 28.15 | -2.48 | -130.10 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -14.7% | -1.8% | -5.3% | -29.6% |
| ROE | -82.9% | -6.5% | -12.9% | -53.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €227k | €264k | €190k | €162k |
| Fixed assets | 21/28 | €120k | €130k | €140k | €107k |
| Formation expenses | 20 | €0 | €0 | - | - |
| Tangible fixed assets | 22/27 | €120k | €130k | €140k | €107k |
| Current assets | 29/58 | €107k | €134k | €50k | €55k |
| Amounts receivable within one year | 40/41 | €96k | €120k | €31k | €41k |
| Cash & bank | 54/58 | €9k | €11k | €16k | €11k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €227k | €264k | €190k | €162k |
| Equity | 10/15 | €40k | €74k | €79k | €89k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k |
| Reserves | 13 | €52k | €52k | €52k | €52k |
| Accumulated profits (losses) | 14 | €-74k | €-40k | €-36k | €-25k |
| Amounts payable | 17/49 | €187k | €190k | €111k | €73k |
| Amounts payable within one year | 42/48 | €187k | €190k | €111k | €73k |
| Trade debts payable within one year | 44 | €7k | €48k | €20k | €44k |
| Income statement | |||||
| Gross operating margin | 9900 | €49k | €73k | €71k | €25k |
| Operating result | 9901 | €-33k | €-5k | €-10k | €-48k |
| Financial income | 75 | - | €62 | €0 | €47 |
| Financial charges | 65 | €218 | €202 | €175 | €272 |
| Result before taxes | 9903 | €-33k | €-5k | €-10k | €-48k |
| Net result for the period | 9904 | €-33k | €-5k | €-10k | €-48k |
| Result to be appropriated | 9905 | €-33k | €-5k | €-10k | €-48k |
Legal Structure
| NACE primary | Wholesale of timber(46832) |
| Legal form | Private limited company(610) |
| Incorporation | 06-05-1997 |
| Status | Active |
| Postal code | 9660 |
Establishment units
ROMASTYLE
since 19972.082.538.629
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45034C0876/00H000 | Flanders | 2,525 m² | 1 · 1,076 m² | 7.8 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
01-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 161 days late
2017
13-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
NBB filing
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Joinery installation4332045421Wholesale of timber46832
Names & trade names
| Legal nameNL | Romastyle |
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