O.M.
InactiveO.M. was declared bankrupt on 13-02-2024 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 09-12-2025, published in the Belgian State Gazette on 15-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-08-2023, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
25 d late
2021
51 d early
2020
31 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 29 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, abbreviated schema
Equity
-€164,929
2021 · €87,403
Total assets
€1.4m▼ 25.8%
2021 · €1.9m
Net result
-€252,332▼ 28,678%
2021 · -€877
Working capital
-€62,504
2021 · €225,885
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
Line20182019202020212022
Operating result€100,707-€25,585▼ 74.6%-€17,689€30,001-€218,935
Net result€66,816-€806▼ 98.8%-€49,680-€877▲ 98.2%-€252,332▼ 28,678%
Equity€137,154-€137,960▲ 0.6%€88,280▼ 36.0%€87,403▼ 1.0%-€164,929
Total assets€1.7m-€1.8m▲ 3.7%€1.7m▼ 3.7%€1.9m▲ 11.8%€1.4m▼ 25.8%
Debt€1.6m-€1.6m▲ 4.0%€1.6m▼ 1.0%€1.8m▲ 12.5%€1.6m▼ 13.1%
Working capital€181,434-€216,143▲ 19.1%€398,301▲ 84.3%€225,885▼ 43.3%-€62,504
Staff (FTE)10.7-9.4▼ 12.1%9.1▼ 3.2%8.3▼ 8.8%11▲ 32.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €218,935 after €30,001 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.4m
Fixed assets
€814,740 ▼ 8.8%
Current assets
€593,081 ▼ 40.9%
Key figures and ratios
EBITDA
-€71,177▼
2021 · €174,235
Cash flow
-€104,574▼
2021 · €143,357
Solvency
-11.7%▼
2021 · 4.6%
Current ratio
0.90▼
2021 · 1.29
Quick ratio
0.30▼
2021 · 0.87
Debt to equity
-9.54▼
2021 · 20.70
ROA
-17.9%▼
2021 · 0.0%
Interest coverage
-2.01▼
2021 · 5.17
Debt ≤ 1 year
€655,585▼
2021 · €777,892
Debt > 1 year
€873,709▼
2021 · €1.0m
Income taxes
€838▼
2021 · €1,760
Staff costs
€372,890▲
2021 · €297,440
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €5,290 | - |
| Remuneration, social security and pensions62 | - | - | - | €297,440 | €372,890 | ▲ 25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €149,551 | €169,456 | €144,297 | €144,233 | €147,758 | ▲ 2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - |
| Other operating charges640/8 | - | - | - | €17,294 | €15,456 | ▼ 10.6% |
| Non-recurring operating charges66A | - | - | - | €11,285 | €0 | ▼ 100% |
| Gross operating margin9900 | €628,536 | €517,053 | €363,617 | €500,254 | €317,169 | ▼ 36.6% |
| Operating profit (loss)9901 | €100,707 | €25,585 | -€17,689 | €30,001 | -€218,935 | ▼ 830% |
| Financial income75/76B | - | - | - | €4,595 | €2,941 | ▼ 36.0% |
| Recurring financial income75 | €4,705 | €8,266 | €4,568 | €4,595 | €2,941 | ▼ 36.0% |
| Financial charges65/66B | - | - | - | €33,713 | €35,500 | ▲ 5.3% |
| Recurring financial charges65 | €35,202 | €32,024 | €36,503 | €33,713 | €35,500 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €70,210 | €1,828 | -€49,624 | €883 | -€251,494 | ▼ 28,569% |
| Income taxes67/77 | €3,395 | €1,022 | €56 | €1,760 | €838 | ▼ 52.4% |
| Profit (loss) for the period9904 | €66,816 | €806 | -€49,680 | -€877 | -€252,332 | ▼ 28,678% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,414 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €66,816 | €806 | -€49,680 | €11,537 | -€252,332 | ▼ 2,287% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.8m | €1.7m | €1.9m | €1.4m | ▼ 25.8% |
| Fixed assets21/28 | €923,318 | €927,398 | €816,515 | €893,080 | €814,740 | ▼ 8.8% |
| Intangible fixed assets21 | €26,672 | €18,251 | €9,829 | €6,277 | €5,502 | ▼ 12.4% |
| Tangible fixed assets22/27 | €879,858 | €892,349 | €790,984 | €861,497 | €781,675 | ▼ 9.3% |
| Land and buildings22 | - | - | - | €520,179 | €466,134 | ▼ 10.4% |
| Plant, machinery and equipment23 | - | - | - | €42,923 | €30,977 | ▼ 27.8% |
| Furniture and vehicles24 | - | - | - | €63,920 | €103,316 | ▲ 61.6% |
| Leasing and similar rights25 | - | - | - | €87,427 | €57,182 | ▼ 34.6% |
| Other tangible fixed assets26 | - | - | - | €147,047 | €124,067 | ▼ 15.6% |
| Financial fixed assets28 | €16,788 | €16,798 | €15,702 | €25,307 | €27,563 | ▲ 8.9% |
| Current assets29/58 | €776,220 | €835,622 | €880,601 | €1.0m | €593,081 | ▼ 40.9% |
| Stocks and contracts in progress3 | €370,445 | €381,333 | €283,843 | €326,728 | €397,556 | ▲ 21.7% |
| Stocks30/36 | - | - | - | €326,728 | €397,556 | ▲ 21.7% |
| Amounts receivable within one year40/41 | €171,765 | €190,512 | €215,427 | €336,944 | €23,626 | ▼ 93.0% |
| Trade receivables40 | - | - | - | €125,478 | €2,136 | ▼ 98.3% |
| Other amounts receivable41 | - | - | - | €211,466 | €21,489 | ▼ 89.8% |
| Cash at bank and in hand54/58 | €144,535 | €175,255 | €312,891 | €278,274 | €121,259 | ▼ 56.4% |
| Deferred charges and accrued income490/1 | - | - | - | €61,831 | €50,639 | ▼ 18.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €1.7m | €1.9m | €1.4m | ▼ 25.8% |
| Equity10/15 | €137,154 | €137,960 | €88,280 | €87,403 | -€164,929 | ▼ 289% |
| Contributions10/11 | €6,197 | €6,197 | - | €6,197 | €6,197 | = |
| Reserves13 | €130,957 | €131,762 | €82,082 | €81,206 | €26,859 | ▼ 66.9% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - |
| Distributable reserves133 | - | - | - | €79,346 | €25,000 | ▼ 68.5% |
| Profit (loss) carried forward14 | - | - | - | - | -€197,986 | - |
| Amounts payable17/49 | €1.6m | €1.6m | €1.6m | €1.8m | €1.6m | ▼ 13.1% |
| Amounts payable after more than one year17 | €944,924 | €964,294 | €1.1m | €1.0m | €873,709 | ▼ 13.0% |
| Financial debts170/4 | - | - | - | €1.0m | €873,709 | ▼ 13.0% |
| Amounts payable within one year42/48 | €594,786 | €619,479 | €482,300 | €777,892 | €655,585 | ▼ 15.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €156,093 | €158,299 | ▲ 1.4% |
| Financial debts43 | - | - | - | €0 | €347 | ▲ 72,294% |
| Credit institutions430/8 | - | - | - | €0 | €347 | ▲ 72,294% |
| Trade debts44 | €331,419 | €395,564 | €261,700 | €456,446 | €299,164 | ▼ 34.5% |
| Suppliers440/4 | - | - | - | €456,446 | €299,164 | ▼ 34.5% |
| Advances received on contracts in progress46 | - | - | - | €1,747 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €163,606 | €155,299 | ▼ 5.1% |
| Taxes450/3 | - | - | - | €96,094 | €69,278 | ▼ 27.9% |
| Remuneration and social security454/9 | - | - | - | €67,512 | €86,021 | ▲ 27.4% |
| Other amounts payable47/48 | - | - | - | - | €42,476 | - |
| Accrued charges and deferred income492/3 | - | - | - | €27,598 | €43,456 | ▲ 57.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,816 | €806 | -€49,680 | -€877 | -€252,332 | ▼ 28,678% |
| + Depreciation and write-downs630 | €149,551 | €169,456 | €144,297 | €144,233 | €147,758 | ▲ 2.4% |
| Operating cash flow (approximation) | €216,367 | €170,262 | €94,617 | €143,357 | -€104,574 | ▼ 173% |
| Investment in fixed assets (approximation) | - | -€173,536 | -€33,414 | -€220,799 | -€69,418 | ▲ 68.6% |
| Change in cash | - | €30,720 | €137,636 | -€34,617 | -€157,014 | ▼ 354% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 09-12-2025
2024
21-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 13-02-2024
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet -€252,332
Net result drops to -€252,332, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
04-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
25-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELLEN DE GEETER DOORNIKSEWIJK 134, 8500 KORT-
RIJK |
13-02-2024 → 09-12-2025 |