Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Brouwerij Roman from Oudenaarde, company number BE0400244665, closed financial year 2025 with a result of € -178,455 after tax. For that financial year Brouwerij Roman recorded revenue of € 17.4 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € -212,700 to € -178,455. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 3.9 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -178,455
▲ 16 % less loss than in 2024
Profit after tax over the fiscal year.
€ 318,934
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.6 million.
People and assets in 2025
58.4
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4 million
▲ 3% vs 2024
€ 68,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 183,276
▲ 17% vs 2024
Of which on lease € 45,314.
Debts at end 2025
€ 15.5 million
▼ 4% vs 2024
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 2.3 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 675,336
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,788,962 | € 18,024,236 | € 17,546,414 | € 17,374,145 | ▼ 1% |
| Profit after taxes | € 997,108 | € 81,966 | € -212,700 | € -178,455 | ▲ € 34,245 |
| Equity | € 4,254,180 | € 4,334,116 | € 4,121,416 | € 3,942,961 | ▼ 4% |
| Total debts | € 13,213,614 | € 16,441,533 | € 22,725,215 | € 22,597,408 | ▼ 1% |
| Cash | € 617,454 | € 567,585 | € 740,967 | € 318,934 | ▼ 57% |
| Land & buildings | € 197,730 | € 80,437 | € 80,437 | € 80,437 | |
| Retained profit | € 3,927,151 | € 4,009,116 | € 3,796,416 | € 3,617,961 | ▼ 5% |
| Dividend | € 144,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 7,790,358 | € 10,076,902 | € 16,133,978 | € 15,500,383 | ▼ 4% |
| Balance sheet total | € 17,481,749 | € 20,789,787 | € 26,862,733 | € 26,543,259 | ▼ 1% |
| Employees (FTE) | 59 | 60.6 | 59.2 | 58.4 | ▼ 0.8 |
Key figures of Brouwerij Roman, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Brouwerij Roman?
What happened at Brouwerij Roman in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LODE ROMAN stepped down as director. NBB
- CARLO ROMAN stepped down as director. NBB
- NATALIE ROMAN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 178,455. Source: NBB ↗
- LODE ROMAN became a director. NBB
- CARLO ROMAN became a director. NBB
- NATALIE ROMAN became a director. NBB
- New establishment in Oudenaarde. KBO
In short
From € 997,108 profit in 2022 to € 178,455 loss in 2025.
Paid € 426,364 in corporate taxes since 2022.
Best year ever: 2022, with € 997,108 profit.
Paid out € 144,000 in dividends to the owners in total.
Management
The stake of COBRERO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Brouwerij RomanThe shares are held by COBRERO (100%).
Directors
According to the 2025 annual accounts
LODE ROMAN
Managing director
Also active at: BEDRIJVENCENTRUM - VLAAMSE ARDENNEN, COBRERO, PATROM, Rovallco
since 2023 · until 2029
since 2023 · until 2029
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hauwaart 105
9700 Oudenaarde
Hauwaart 95
9700 Oudenaarde
Active since 2 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.244.665
- VAT number
- BE 0400.244.665
- Registered office
- Hauwaart 105, 9700 Oudenaarde
- Names & denominations
- Brouwerij Roman
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 1927
- Peppol
- Active · Active since 30 Jul 2025
- Activities · NACE
Vervaardiging van bier
Groothandel in dranken, algemeen assortiment
Vervaardiging van frisdranken en water in flessen
Groothandel in dranken
Productie van mineraalwater en frisdranken