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EORTA

Active
Public limited companyfounded 20233 yrs activeFinlandstraat 11, 9940 Evergem, BelgiumKBO/BCE: BE 0795.666.749
Summary

The annual accounts of EORTA for fiscal year 2024 show a net loss of 58% of total assets and of 96% of the equity at the start of that year. The 2024 annual accounts show equity of €23,989 and a net result of -€556,951. Its solvency ranks better than 17% of 143 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency28▼-41
Growth58
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.3 against 0.29 in 2023; short-term debt: 97.5% and cash: 0.2% of total assets), and 97.5% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · 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
2.5%
Return on assets
-58.2%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
2324
2023 to 2024 · latest year -€556,951
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 143 sector peers (2024).
NBB · sector comparison
Position among 143 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

EORTA was incorporated on 3 January 2023 as a Public limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€23,989▼ 95.9%
2023 · €580,940
Total assets
€957,305▼ 27.2%
2023 · €1.3m
Net result
-€556,951▲ 46.5%
2023 · -€1.0m
Working capital
-€652,029▼ 24.8%
2023 · -€522,533
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€1.0m--€528,495▲ 48.6%
Net result-€1.0m--€556,951▲ 46.5%
Equity€580,940-€23,989▼ 95.9%
Total assets€1.3m-€957,305▼ 27.2%
Debt€733,641-€933,316▲ 27.2%
Working capital-€522,533--€652,029▼ 24.8%
Staff (FTE)3.9-2.8▼ 28.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€1.5m-€1.0m-€500,000€0Operating result 2023: -€1.0m-€1.0mNet result 2023: -€1.0m-€1.0mOperating result 2024: -€528,495-€528,495Net result 2024: -€556,951-€556,95120232024-€1.5m-€1m-€500,000€0Operating result 2023: -€1.0m-€1mNet result 2023: -€1.0m-€1mOperating result 2024: -€528,495-€528,000Net result 2024: -€556,951-€557,00020232024
The operating result stays negative: a loss of €528,495 in 2024 against €1.0m in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €957,305
Fixed assets €676,019 ▼ 38.7%
Current assets €281,286 ▲ 33.2%
Equity and liabilities €957,305
Equity €23,989 ▼ 95.9%
Debt €933,316 ▲ 27.2%
Debt's share of the balance-sheet total rises from 55.8% to 97.5%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€70,938▲
2023 · -€359,391
Cash flow
-€99,394▲
2023 · -€372,014
Current ratio
0.30▲
2023 · 0.29
Quick ratio
0.16▲
2023 · 0.12
Debt to equity
38.91▲
2023 · 1.26
ROA
-58.2%▲
2023 · -79.1%
Interest coverage
-2.51▲
2023 · -27.90
Debt ≤ 1 year
€933,316▲
2023 · €733,641
Income taxes
€205▼
2023 · €259
Staff costs
€261,235▼
2023 · €451,040
A ratio outside any meaningful range has been withheld (balance sheet total €957,305, equity €23,989).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 759 companies that looked in July 2024 the way this one looks now, 7.5% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
7.5% went bankrupt
4.5% stopped otherwise
86% still going

A further 1.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 759 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.3m€957,305▼
Fixed assets21/28€1.1m€676,019▼
Intangible fixed assets21€1.1m€662,658▼
Tangible fixed assets22/27€18,927€13,360▼
Plant, machinery and equipment23€7,293€5,105▼
Furniture and vehicles24€11,634€8,255▼
Current assets29/58€211,107€281,286▲
Stocks and contracts in progress3€122,475€133,762▲
Stocks30/36€122,475€133,762▲
Amounts receivable within one year40/41€85,236€144,467▲
Trade receivables40€9,051€9,855▲
Other amounts receivable41€76,185€134,612▲
Cash at bank and in hand54/58€593€1,780▲
Deferred charges and accrued income490/1€2,804€1,278▼
Equity and liabilities
Total equity and liabilities10/49€1.3m€957,305▼
Equity10/15€580,940€23,989▼
Contributions10/11€1.6m€1.6m=
Capital10€1.6m€1.6m=
Issued capital100€1.6m€1.6m=
Profit (loss) carried forward14-€1.0m-€1.6m▼
Amounts payable17/49€733,641€933,316▲
Amounts payable within one year42/48€733,641€933,316▲
Trade debts44€41,287€67,771▲
Suppliers440/4€41,287€67,771▲
Taxes, remuneration and social security45€80,775€111,528▲
Taxes450/3€10,732€26,144▲
Remuneration and social security454/9€70,043€85,385▲
Other amounts payable47/48€611,579€754,016▲
Income statement Code20232024
Remuneration, social security and pensions62€451,040€261,235▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€668,462€457,557▼
Other operating charges640/8€1,001€815▼
Gross operating margin9900€92,651€191,112▲
Operating profit (loss)9901-€1.0m-€528,495▲
Financial income75/76B€515-
Recurring financial income75€515-
Financial charges65/66B€12,879€28,251▲
Recurring financial charges65€12,879€28,251▲
Profit (loss) for the period before taxes9903-€1.0m-€556,746▲
Income taxes67/77€259€205▼
Profit (loss) for the period9904-€1.0m-€556,951▲
Profit (loss) for the period to be appropriated9905-€1.0m-€556,951▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.0m-€1.6m▼
Profit (loss) brought forward from the previous period14P--€1.0m
Social balance
Average headcount (FTE)90873.92.8▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€451,040€261,235▼ 42.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€668,462€457,557▼ 31.6%
Other operating charges640/8€1,001€815▼ 18.7%
Gross operating margin9900€92,651€191,112▲ 106%
Operating profit (loss)9901-€1.0m-€528,495▲ 48.6%
Financial income75/76B€515--
Recurring financial income75€515--
Financial charges65/66B€12,879€28,251▲ 119%
Recurring financial charges65€12,879€28,251▲ 119%
Profit (loss) for the period before taxes9903-€1.0m-€556,746▲ 46.5%
Income taxes67/77€259€205▼ 21.0%
Profit (loss) for the period9904-€1.0m-€556,951▲ 46.5%
Profit (loss) for the period to be appropriated9905-€1.0m-€556,951▲ 46.5%
Line20232024Change
Assets
Total assets20/58€1.3m€957,305▼ 27.2%
Fixed assets21/28€1.1m€676,019▼ 38.7%
Intangible fixed assets21€1.1m€662,658▼ 38.9%
Tangible fixed assets22/27€18,927€13,360▼ 29.4%
Plant, machinery and equipment23€7,293€5,105▼ 30.0%
Furniture and vehicles24€11,634€8,255▼ 29.0%
Current assets29/58€211,107€281,286▲ 33.2%
Stocks and contracts in progress3€122,475€133,762▲ 9.2%
Stocks30/36€122,475€133,762▲ 9.2%
Amounts receivable within one year40/41€85,236€144,467▲ 69.5%
Trade receivables40€9,051€9,855▲ 8.9%
Other amounts receivable41€76,185€134,612▲ 76.7%
Cash at bank and in hand54/58€593€1,780▲ 200%
Deferred charges and accrued income490/1€2,804€1,278▼ 54.4%
Equity and liabilities
Total equity and liabilities10/49€1.3m€957,305▼ 27.2%
Equity10/15€580,940€23,989▼ 95.9%
Contributions10/11€1.6m€1.6m=
Capital10€1.6m€1.6m=
Issued capital100€1.6m€1.6m=
Profit (loss) carried forward14-€1.0m-€1.6m▼ 53.5%
Amounts payable17/49€733,641€933,316▲ 27.2%
Amounts payable within one year42/48€733,641€933,316▲ 27.2%
Trade debts44€41,287€67,771▲ 64.1%
Suppliers440/4€41,287€67,771▲ 64.1%
Taxes, remuneration and social security45€80,775€111,528▲ 38.1%
Taxes450/3€10,732€26,144▲ 144%
Remuneration and social security454/9€70,043€85,385▲ 21.9%
Other amounts payable47/48€611,579€754,016▲ 23.3%
Line20232024Change
Profit (loss) for the period9904-€1.0m-€556,951▲ 46.5%
+ Depreciation and write-downs630€668,462€457,557▼ 31.6%
Operating cash flow (approximation)-€372,014-€99,394▲ 73.3%
Investment in fixed assets (approximation)--€30,102-
Change in cash-€1,187-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
29-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 90 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Evergem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
5,742 m²
Building footprint
1,801 m²
Volume, LiDAR
9,013 m³
Parcel 44019B0647/00P000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
13 companies at this address See who is registered here
1 establishment unit
EORTA
Finlandstraat 11, 9940 EvergemManufacture of computer, electronic and optical products
since 20232.340.222.988
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44019B0647/00P000 Flanders 5,742 m² 1 · 1,801 m² 8.0 m · 1 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. HOBECON 89.42%
  2. INVERTO 100%
  3. EORTA

Highest known parent: HOBECON. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 248 companies in sector 26110 we hold annual accounts for 182. 74 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded03-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
71121Engineering and related technical consultancy, excluding land surveyors
28990Manufacture of machinery and equipment not elsewhere classified
35130Electricity, gas, steam and air conditioning supply
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795666749
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

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