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ORSA NEXT

Active
Public limited companyfounded 2006active for 20 yearsMarche,Rue de la Plaine 11, 6900 Marche-en-Famenne, BelgiumKBO/BCE: BE 0882.099.588
Summary

ORSA NEXT has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€558,499. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 733 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
ORSA NEXTActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Activities of business and employers' organisations
NACE 94110
#2 company by total assets in the province of Luxembourg, Membership organisations sector1 site
Size
€12.2mtotal assets 2025
Equity
-€1.0m
Loss
-€558,499
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Largest shareholder
INVESTSUD · 50%
Holdings
13
Accounts 94 days early1 of 20 deeds read
Why 53raises riskCapped at 59: negative equityNegative equity -€1.0mLiquidity: current ratio 32.56, cash €306,004, halvedlowers riskSize: total assets €12.2mSector: Activities of membership organisations (NACE 94)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 13% of its sector peers (NACE 94, medium-sized)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 17-4
equity -8.3% of total assets
Liquidity 53-5
short-term debt 1.6% · cash 2.5%
Profitability 13-11
return on assets -4.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (75 companies, NACE 94, medium-sized)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: 0.1%▲ +0.1 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026highest value
No credit on open account
Liquidity ample (current ratio 32.56, compared with 60.98 in 2024; short-term debt: 1.6% and cash: 2.5% of total assets), but equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, medium-sized): better than 1% on solvency, 35% on liquidity, 15% on profitability and 1% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €12.2m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Activities of membership organisations (NACE 94)
KBO
raises risk · Negative equity -€1.0m
NBB · annual accounts
raises risk · Liquidity: current ratio 32.56, cash €306,004, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€1.0m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-10-2025, 94 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
94 days early
2024
106 days early
2023
93 days early
2022
85 days early
2021
98 days early
2020
96 days early
2019
102 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 96 days before the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end11-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. NameName change · Power of…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€1.0m View
  • Caution: Equity fell in 2025from -€452,625 to -€1.0m ▼ 123% View
  • Caution: Among the weakest 5% on solvencysector median 62.7% · 733 companies -8.3% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

By topic

Financials

Financial year
2025
Total assets
€12.2m
Loss
-€558,499
Solvency
-8.3%
Turnover▲ 78,211%
Net result
20222023
Go to Financials

Timeline

Events
22
Since
2008
Next accounts
by 31-01-2027
  1. 30-10-2023Annual accounts filed
  2. 30-06-2023Back to profit
  3. 07-11-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Activities of business and employers' organisationsNACE 94110
Founded
14-06-2006
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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