INVESTSUD TECH
ActiveSummary
INVESTSUD TECH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.95M and a net result of €3.00M. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-4
Solvency58▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900k at 30 days acceptable
Liquidity ample (current ratio 6.25 against 12.96 in 2024; short-term debt: 6% and cash: 0.6% of total assets), but 66.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.5%
Return on assets
7.8%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 filingsDeviation from the deadline
2025
94 d early
2024
106 d early
2023
93 d early
2022
85 d early
2021
98 d early
2020
96 d early
2019
102 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3.00M▼ 4.6%
2024 · €3.14M
2019: €1.99M
2020: €2.26M
2021: €-1.63M
2022: €-1.11M
2023: €755k
2024: €3.14M
2019 → 2025
Working capital
€12.15M▼ 6.6%
2024 · €13.02M
2019: €12.53M
2020: €14.00M
2021: €13.74M
2022: €12.68M
2023: €10.60M
2024: €13.02M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8.24M-€7.13M▼ 13.5%€7.84M▲ 10.0%€10.95M▲ 39.6%€12.95M▲ 18.3%
Operating result€-360k-€-344k▲ 4.4%€627k€4.07M▲ 548%€5.48M▲ 34.7%
Net result€-1.63M-€-1.11M▲ 31.9%€755k€3.14M▲ 317%€3.00M▼ 4.6%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38.69M
Fixed assets
€24.22M ▲ 21.0%
Current assets
€14.47M ▲ 2.6%
Equity and liabilities €38.69M
Equity
€12.95M ▲ 18.3%
Debt
€25.74M ▲ 11.1%
Debt's share of the balance-sheet total falls from 67.9% to 66.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5.66M
Cash flow
€3.18M
Current ratio
6.25▼
2024 · 12.96
Debt to equity
1.99▼
2024 · 2.12
ROE
23.2%▼
2024 · 28.7%
ROA
7.8%▼
2024 · 9.2%
Interest coverage
-188.50
Debt ≤ 1 year
€2.31M▲
2024 · €1.09M
Debt > 1 year
€23.42M▲
2024 · €22.08M
Income taxes
€2.02M▲
2024 · €753k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34.12M€38.69M▲
Fixed assets21/28€20.01M€24.22M▲
Financial fixed assets28€20.01M€24.22M▲
Current assets29/58€14.11M€14.47M▲
Amounts receivable within one year40/41€2.52M€1.99M▼
Trade receivables40€3k€59k▲
Other amounts receivable41€2.52M€1.93M▼
Current investments50/53€9.38M€12.09M▲
Cash at bank and in hand54/58€2.06M€238k▼
Deferred charges and accrued income490/1€137k€152k▲
Equity and liabilities
Total equity and liabilities10/49€34.12M€38.69M▲
Equity10/15€10.95M€12.95M▲
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€8.32M€10.88M▲
Non-distributable reserves130/1€8.32M€10.88M▲
Legal reserve130€50k€50k=
Other1319€8.27M€10.83M▲
Profit (loss) carried forward14€2.13M€1.56M▼
Amounts payable17/49€23.17M€25.74M▲
Amounts payable after more than one year17€22.08M€23.42M▲
Financial debts170/4€22.08M€23.42M▲
Amounts payable within one year42/48€1.09M€2.31M▲
Trade debts44€1.05M€1.31M▲
Suppliers440/4€1.05M€1.31M▲
Other amounts payable47/48€40k€1.00M▲
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€5.71M€9.13M▲
Goods, raw materials, services and sundry goods60/61€1.47M€1.77M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€175k
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€175k€1.70M▲
Gross operating margin9900€4.25M€7.36M▲
Operating profit (loss)9901€4.07M€5.48M▲
Financial income75/76B€787k€2.35M▲
Recurring financial income75€287k€564k▲
Non-recurring financial income76B€500k€1.79M▲
Financial charges65/66B€958k€2.81M▲
Recurring financial charges65€-77k€-30k▲
Non-recurring financial charges66B€1.04M€2.84M▲
Profit (loss) for the period before taxes9903€3.90M€5.02M▲
Income taxes67/77€753k€2.02M▲
Profit (loss) for the period9904€3.14M€3.00M▼
Profit (loss) for the period to be appropriated9905€3.14M€3.00M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.74M€5.13M▲
Profit (loss) brought forward from the previous period14P€597k€2.13M▲
Transfer to equity691/2€1.57M€2.56M▲
To other reserves6921€1.57M€2.56M▲
Profit to be distributed694/7€40k€1.00M▲
Return on contributions (dividend)694€40k€1.00M▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
State Gazette act
Resignations & appointmentsName change · Power of attorney3 facts ▸
State Gazette act
Resignations & appointments
Name change · Power of attorney3 facts ▸
- General meeting
- Name change, ORSA TECH
- Power of attorney, l'organe d'administration
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Highest result since 2019net €3.14M ▲317%
Net result €3.14M, the highest in the series.
30-06
Financial
Equity above €10MEq €10.95M ▲39.6%
2 profitable years in a row build equity to €10.95M.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Back to profitnet €755k
Net result €755k after 2 loss-making years.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Weakest financial yearnet €-1.63M
Net result drops to €-1.63M, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 35current ratio 684.04
Current ratio from 19.68 to 684.04; short-term debt falls from €749k to €20k.
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 22 acts read
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 1 has been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
22 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Marche-en-Famenne · 1 establishment unit since 2006
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.
Marche,Rue de la Plaine 116900 Marche-en-Famenne1 establishment unit
Financière Spin-off luxembourgeoise
since 20062.156.990.582
Recognitions · licences · registrations
Legal Entity Identifier
875500LHKB3K9K7WWY54
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Of 1,256 companies in sector 94110 we hold annual accounts for 579. 238 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 formPublic limited company
Founded14-06-2006
Fiscal year end30-06
Legal name FR
ORSA TECH
Activities, NACEBEL 2025
94110Activities of business and employers' organisations
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 19 filings
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.capitaletcroissance.be
E-mail:info@capitaletcroissance.be
Phone:084/320520
Fax:084/315723