O.H.E.
ActiveSummary
O.H.E. has been active since 1949 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.15M and a net result of €-75k. Equity is growing by ~55.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39=
Solvency46=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.64 in 2024; short-term debt: 13.7% and cash: 3% of total assets), and 79.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-75k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-10-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
2 d early
2023
26 d early
2022
20 d early
2021
17 d early
2020
23 d early
2019
45 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€2.15M▼ 3.4%
2024 · €2.23M
Total assets
€10.45M▼ 3.4%
2024 · €10.82M
Net result
€-75k▲ 36.0%
2024 · €-118k
Working capital
€-598k▼ 6.1%
2024 · €-563k
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
Line20212022202320242025
Operating result€3k€2.10M▲ 81,137%€461k▼ 78.0%€21k▼ 95.3%€101k▲ 369%
Net result€2k€1.82M▲ 84,481%€279k▼ 84.6%€-118k€-75k▲ 36.0%
Equity€250k▲ 9.3%€2.07M▲ 726%€2.35M▲ 13.5%€2.23M▼ 5.0%€2.15M▼ 3.4%
Total assets€2.53M▲ 158%€12.28M▲ 386%€9.76M▼ 20.5%€10.82M▲ 10.8%€10.45M▼ 3.4%
Debt€2.23M▲ 228%€9.90M▲ 344%€7.11M▼ 28.1%€8.31M▲ 16.8%€8.03M▼ 3.4%
Working capital€-2.16M▼ 359%€3.64M€94k▼ 97.4%€-563k€-598k▼ 6.1%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 369% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.45M
Fixed assets
€9.62M ▼ 1.9%
Current assets
€832k ▼ 18.1%
Equity and liabilities €10.45M
Equity
€2.15M ▼ 3.4%
Provisions
€269k ▼ 6.3%
Debt
€8.03M ▼ 3.4%
Debt's share of the balance-sheet total rises from 76.8% to 76.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€561k▲
2024 · €553k
Cash flow
€385k▼
2024 · €413k
Current ratio
0.58▼
2024 · 0.64
Debt to equity
3.73=
2024 · 3.73
ROE
-3.5%▲
2024 · -5.3%
ROA
-0.7%▲
2024 · -1.1%
Interest coverage
2.51▼
2024 · 2.60
Debt ≤ 1 year
€1.43M▼
2024 · €1.58M
Debt > 1 year
€6.57M▼
2024 · €6.73M
Income taxes
€0▲
2024 · €-918
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2.00M | €291k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €315k | €321k | €531k | €460k | ▼ 13.3% |
| Other operating charges640/8 | - | €16k | €7k | €44k | €45k | ▲ 2.6% |
| Gross operating margin9900 | €94k | €2.43M | €789k | €597k | €607k | ▲ 1.6% |
| Operating profit (loss)9901 | €3k | €2.10M | €461k | €21k | €101k | ▲ 369% |
| Financial income75/76B | - | €5k | €17k | €54k | €30k | ▼ 45.6% |
| Recurring financial income75 | - | €5k | €17k | €54k | €30k | ▼ 45.6% |
| Financial charges65/66B | - | €15k | €210k | €213k | €224k | ▲ 5.3% |
| Recurring financial charges65 | €2k | €15k | €210k | €213k | €224k | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €670 | €2.09M | €268k | €-137k | €-94k | ▲ 31.6% |
| Transfer from deferred taxes780 | - | €4k | €14k | €18k | €18k | = |
| Transfer to deferred taxes680 | - | €275k | €0 | - | - | - |
| Income taxes67/77 | €3k | €-74 | €3k | €-918 | €0 | ▲ 100% |
| Profit (loss) for the period9904 | €2k | €1.82M | €279k | €-118k | €-75k | ▲ 36.0% |
| Transfer from tax-exempt reserves789 | - | €13k | €43k | €54k | €54k | = |
| Transfer to tax-exempt reserves689 | - | €825k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €15k | €1.00M | €323k | €-64k | €-21k | ▲ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.53M | €12.28M | €9.76M | €10.82M | €10.45M | ▼ 3.4% |
| Fixed assets21/28 | €2.48M | €7.45M | €9.01M | €9.80M | €9.62M | ▼ 1.9% |
| Tangible fixed assets22/27 | €2.48M | €7.45M | €8.01M | €8.80M | €8.62M | ▼ 2.1% |
| Land and buildings22 | - | €7.45M | €900k | €1.83M | €2.00M | ▲ 9.4% |
| Leasing and similar rights25 | - | - | €7.07M | €6.70M | €6.34M | ▼ 5.5% |
| Other tangible fixed assets26 | - | - | €45k | €274k | €282k | ▲ 3.0% |
| Financial fixed assets28 | - | - | €1.00M | €1.00M | €1.00M | = |
| Current assets29/58 | €51k | €4.83M | €749k | €1.02M | €832k | ▼ 18.1% |
| Amounts receivable within one year40/41 | €14k | €3.56M | €718k | €619k | €451k | ▼ 27.2% |
| Trade receivables40 | - | €119k | €312k | €260k | €38k | ▼ 85.4% |
| Other amounts receivable41 | - | €3.44M | €406k | €359k | €413k | ▲ 15.0% |
| Cash at bank and in hand54/58 | €35k | €1.26M | €12k | €340k | €309k | ▼ 9.3% |
| Deferred charges and accrued income490/1 | - | €11k | €19k | €57k | €73k | ▲ 28.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.53M | €12.28M | €9.76M | €10.82M | €10.45M | ▼ 3.4% |
| Equity10/15 | €250k | €2.07M | €2.35M | €2.23M | €2.15M | ▼ 3.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €188k | €2.00M | €2.28M | €2.17M | €2.09M | ▼ 3.5% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €958k | €915k | €861k | €807k | ▼ 6.3% |
| Distributable reserves133 | - | €1.04M | €1.36M | €1.30M | €1.28M | ▼ 1.6% |
| Provisions and deferred taxes16 | €49k | €319k | €305k | €287k | €269k | ▼ 6.3% |
| Deferred taxes168 | - | €319k | €305k | €287k | €269k | ▼ 6.3% |
| Amounts payable17/49 | €2.23M | €9.90M | €7.11M | €8.31M | €8.03M | ▼ 3.4% |
| Amounts payable after more than one year17 | €17k | €8.70M | €6.46M | €6.73M | €6.57M | ▼ 2.4% |
| Financial debts170/4 | - | €8.70M | €6.46M | €6.73M | €6.25M | ▼ 7.0% |
| Other amounts payable178/9 | - | - | - | - | €312k | - |
| Amounts payable within one year42/48 | €2.21M | €1.19M | €654k | €1.58M | €1.43M | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | - | €14k | €416k | €461k | €473k | ▲ 2.8% |
| Trade debts44 | €11k | €960k | €71k | €217k | €6k | ▼ 97.1% |
| Suppliers440/4 | - | €960k | €71k | €217k | €6k | ▼ 97.1% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €217k | €8k | €5k | €5k | = |
| Taxes450/3 | - | €217k | €8k | €5k | €5k | = |
| Other amounts payable47/48 | - | €0 | €160k | €897k | €946k | ▲ 5.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €33k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €1.82M | €279k | €-118k | €-75k | ▲ 36.0% |
| + Depreciation and write-downs630 | €76k | €315k | €321k | €531k | €460k | ▼ 13.3% |
| Operating cash flow (approximation) | €79k | €2.13M | €600k | €413k | €385k | ▼ 6.9% |
| Investment in fixed assets (approximation) | - | €-5.29M | €-1.88M | €-1.32M | €-273k | ▲ 79.4% |
| Change in cash | - | €1.22M | €-1.25M | €329k | €-32k | ▼ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-118k
Net result drops to €-118k, the lowest in the series; recovery starts the following year.
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €1.82M ▲84,481%
Operating result €2.10M, net result €1.82M, both a record.
31-03
Financial
Liquidity times 175current ratio 4.05
Current ratio from 0.02 to 4.05; short-term debt falls from €2.21M to €1.19M.
31-03
Financial
Equity above €2MEq €2.07M ▲726%
2 profitable years in a row build equity to €2.07M.
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Avelgem · 1 establishment unit since 1999
Ground area
1.2 ha
Building footprint
378 m²
Volume, LiDAR
1,907 m³
Parcel 34020C0111/00C000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
O.H.E. NV
since 19992.014.818.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34020C0111/00C000 | Flanders | 1.2 ha | 1 · 378 m² | 9.9 m · 2 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,556 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
Founded07-02-1949
Fiscal year end31-03
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
70200Business and other management consultancy
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
1. Jaarverslag. 2. Goedkeuring jaarrekening per 31/03/2008. 3. Bestemming resultaat. 4. Kwijting bestuurders. 5. Divers. (AOPC-1-8-07369/20.08)