Rootwise

Active

Private limited companyfounded 20242 yrs activeVijverlaan 4, 2910 Essen, BelgiumKBO/BCE: BE 1013.114.916

Summary

The computed 12-month bankruptcy probability of Rootwise is 2.6% (moderate). The 2024 annual accounts show equity of €18k and a net result of €16k. Its solvency ranks better than 23% of 482 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

57 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability90

Solvency44

Growth-

Track record67

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.97; short-term debt: 32.2% and cash: 8.2% of total assets), and 80.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 33

Relative position

BE, all sectors

reference

Sector 33

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

19.1%

Return on assets

16.9%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 482 sector peers (2024).

NBB · sector comparison

Position among 482 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

55 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€18k

Total assets

€92k

Net result

€16k

Working capital

€-837

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition

Assets €92k

68.7%

31.3%

Fixed assets €63k

Current assets €29k

Equity and liabilities €92k

19.1%

80.9%

Equity €18k

Debt €74k

Debt finances 80.9% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€23k

Cash flow

€18k

Current ratio

0.97

Debt to equity

4.23

ROE

88.6%

ROA

16.9%

Interest coverage

44.34

Debt ≤ 1 year

€30k

Debt > 1 year

€45k

Income taxes

€4k

Filed annual accounts As filed with the NBB · 2024 · 37 lines

Balance sheet Code2024

Assets

Total assets20/58€92k

Fixed assets21/28€63k

Tangible fixed assets22/27€63k

Plant, machinery and equipment23€717

Furniture and vehicles24€62k

Financial fixed assets28€40

Current assets29/58€29k

Amounts receivable within one year40/41€17k

Trade receivables40€12k

Other amounts receivable41€5k

Cash at bank and in hand54/58€8k

Deferred charges and accrued income490/1€4k

Equity and liabilities

Total equity and liabilities10/49€92k

Equity10/15€18k

Contributions10/11€2k

Profit (loss) carried forward14€16k

Amounts payable17/49€74k

Amounts payable after more than one year17€45k

Financial debts170/4€45k

Amounts payable within one year42/48€30k

Current portion of amounts payable after more than one year42€11k

Trade debts44€2k

Suppliers440/4€2k

Taxes, remuneration and social security45€5k

Taxes450/3€5k

Other amounts payable47/48€12k

Income statement Code2024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k

Other operating charges640/8€113

Gross operating margin9900€23k

Operating profit (loss)9901€20k

Financial charges65/66B€515

Recurring financial charges65€515

Profit (loss) for the period before taxes9903€20k

Income taxes67/77€4k

Profit (loss) for the period9904€16k

Profit (loss) for the period to be appropriated9905€16k

Appropriation of the result

Profit (loss) to be appropriated9906€16k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2025

06-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

NBB filing

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, Essen · 1 establishment unit since 2024

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vijverlaan 42910 Essen

Ground area

237 m²

Building footprint

83 m²

Volume, LiDAR

459 m³

Parcel 11642D0531/00C028, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Rootwise

Vijverlaan 4, 2910 EssenOther manufacturing

since 20242.363.238.813

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11642D0531/00C028	Flanders	237 m²	1 · 83 m²	8.3 m · 2 fl.

Linked by address, not proof of ownership

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.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 914 EUR awarded · 878 EUR paid

Year	Entries	awarded	paid
2025	1	0 EUR	638 EUR
2024	1	914 EUR	240 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 914 EUR · 878 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Soumagne · Eq €17,664

Of 1,225 companies in sector 33200 we hold annual accounts for 676. 365 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-09-2024

Fiscal year end31-12

Activities, NACEBEL 2025

33200Installation of industrial machinery and equipment

68121Development of residential building projects

43990Other specialised construction activities

81300Landscape service activities

82990Other business support services

90201Performing arts by independent artists

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.