O.D.W. · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for O.D.W. according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-30k) and a net result of €12k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

2 events

22-08-2025

Bankruptcy Opening

Date: 13-08-2025 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · O.D.W. NV WEG NAAR ZWARTBERG 44, 3530 HOUTHALEN · Publications in State Gazette ↗

Full timeline and publications

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Filing behaviour not assessed

The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2021, that is 31-07-2022.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	nothing on record	not filed	-
31-12-2021	31-07-2022	27-03-2023	239 d late	2023-00051529
31-12-2020	31-07-2021	27-03-2023	604 d late	2023-00051501
31-12-2019	31-07-2020	27-03-2023	969 d late	2023-00051525
31-12-2018	31-07-2019	31-05-2021	670 d late	2021-17100320
31-12-2017	31-07-2018	27-11-2020	850 d late	2020-73700330
31-12-2016	31-07-2017	09-02-2018	193 d late	2018-04800408
31-12-2014	31-07-2015	18-06-2015	43 d early	2015-18800143
31-12-2013	31-07-2014	18-06-2015	322 d late	2015-18800141

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€12k-73.0%

Working capital€119k+22.1%

Directors3

CSV export

Annual accounts & ratios

Source: NBB · 2021

Annual accounts filed on 27-03-2023 with the NBB · fiscal year 2021 · micro

Operating resultNet result

EBITDA

€27k

-54.0% 18-21

Net profit

€12k

-73.0% 18-21

Cash flow

€26k

-54.7% 18-21

Total assets

€647k

+5.6% 18-21

Equity

€-30k

+30.2% 18-21

Working capital

€119k

+22.1% 18-21

Debt

€677k

+3.2% 18-21

Debt ≤ 1y

€162k

+20.1% 18-21

Show 8 other metrics

Debt > 1y

€514k

-1.1% 18-21

Current ratio

1.74

+0.7% 18-21

Quick ratio

1.74

+0.7% 18-21

Solvency

-4.6%

+33.8% 18-21

Debt / equity

-22.55

-47.8% 18-21

ROE

-38.8%

+61.4% 18-21

ROA

1.8%

-74.5% 18-21

Interest coverage

43.05

-68.7% 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€27k
Net profit	€12k
Cash flow	€26k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€647k
Equity	€-30k
Debt	€677k
of which ≤ 1y	€162k
of which > 1y	€514k
Working capital	€119k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	1.74
Quick ratio	1.74
Working capital ratio	18.4%
Solvency	-4.6%
Debt / equity	-22.55
Long-term debt ratio	-17.14
Interest coverage	43.05
Gross margin	-
Net margin	-
ROA	1.8%
ROE	-38.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €366k · 56.6% Current assets €281k · 43.4%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€647k
Fixed assets	21/28	€366k
Tangible fixed assets	22/27	€365k
Financial fixed assets	28	€2k
Current assets	29/58	€281k
Amounts receivable within one year	40/41	€105k
Cash & bank	54/58	€41
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€647k
Equity	10/15	€-30k
Contributions / capital	10/11	€62k
Reserves	13	€50k
Accumulated profits (losses)	14	€-142k
Amounts payable	17/49	€677k
Amounts payable after one year	17	€514k
Amounts payable within one year	42/48	€162k
Trade debts payable within one year	44	€61k
Income statement
Gross operating margin	9900	€29k
Operating result	9901	€12k
Financial charges	65	€622
Result before taxes	9903	€12k
Net result for the period	9904	€12k
Result to be appropriated	9905	€12k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2021 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

14 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

3 mandates

Role	Name	Tenure	Source
Curator	VICTOR ENGELEN HEREBAAN-OOST 3/1, 3530 02 HOUTHALEN-HELCHTEREN	13-08-2025 → present	Belgian State Gazette
Curator	GODFREY LESIRE BAMPSLAAN 19, 3500 HASSELT-	13-08-2025 → present	Belgian State Gazette
Curator	GERRY BANKEN GROTESTRAAT 122, 3600 GENK-	13-12-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	23-06-1998
Status	Active
Postal code	3530
First BS signal	20-12-2022
Latest BS signal	22-08-2025

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

3 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

5 companies at this address See who is registered here

Establishment units

1 location

Weg naar Zwartberg 44, 3530 Houthalen-Helchteren

Overige financiële instellingen, n.e.g.

since 19982.087.591.042

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,002 m²

Buildings1

Building footprint342 m²

Volume (LiDAR)1,620 m³

Tallest building7.7 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72452E1153/00D030	Flanders	1,002 m²	1 · 341 m²	7.7 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

2 events from the State Gazette

22-08-2025

Bankruptcy Opening

Date: 13-08-2025 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · O.D.W. NV WEG NAAR ZWARTBERG 44, 3530 HOUTHALEN · Publications in State Gazette ↗

Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 1 further earlier event in this file, covering 13-12-2022 to 13-08-2025.

Available in Kantoor S. See plans →

Time machine: BS events + macro context

2021-2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad · acts

1 acts

Address history · 1

23-05-2023

Registered-office move

All acts · 1 updated 3 years ago

2023

23-05-2023 Registered office moved to Houthalen-Helchteren Registered-office change

Weg naar Zwartberg 44, 3530 Houthalen-Helchteren

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

28 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 61

Growth 78

Stability 0

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

O.D.W.

Registered office

Weg naar Zwartberg 44

3530 Houthalen-Helchteren, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.