OBISA
ActiveSummary
OBISA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165,516 and a net result of €4,497. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-6
Solvency77▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.47 in 2024; short-term debt: 48.1% and cash: 11.3% of total assets), and 48.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
51.9%
Return on assets
1.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
20 d early
2023
26 d early
2022
24 d early
2021
2 d early
2020
36 d early
2019
35 d 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 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€165,516▲ 2.8%
2024 · €161,019
Total assets
€318,918▼ 4.0%
2024 · €332,234
Net result
€4,497▼ 78.8%
2024 · €21,212
Working capital
-€81,056▲ 10.9%
2024 · -€90,961
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€26,068▲ 118%€14,414▼ 44.7%€10,541▼ 26.9%€26,388▲ 150%€5,662▼ 78.5%
Net result€22,660▲ 201%€9,759▼ 56.9%€7,493▼ 23.2%€21,212▲ 183%€4,497▼ 78.8%
Equity€122,555▲ 22.7%€132,314▲ 8.0%€139,807▲ 5.7%€161,019▲ 15.2%€165,516▲ 2.8%
Total assets€352,545▼ 4.0%€304,879▼ 13.5%€290,360▼ 4.8%€332,234▲ 14.4%€318,918▼ 4.0%
Debt€229,990▼ 13.9%€172,565▼ 25.0%€150,553▼ 12.8%€171,215▲ 13.7%€153,402▼ 10.4%
Working capital-€140,651▲ 6.0%-€123,435▲ 12.2%-€100,597▲ 18.5%-€90,961▲ 9.6%-€81,056▲ 10.9%
Staff (FTE)2.9▼ 17.1%3.3▲ 13.8%4▲ 21.2%4.4▲ 10.0%3.8▼ 13.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318,918
Fixed assets
€246,572 ▼ 2.1%
Current assets
€72,346 ▼ 9.9%
Equity and liabilities €318,918
Equity
€165,516 ▲ 2.8%
Debt
€153,402 ▼ 10.4%
Debt's share of the balance-sheet total falls from 51.5% to 48.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,118▼
2024 · €48,863
Cash flow
€28,953▼
2024 · €43,687
Current ratio
0.47▲
2024 · 0.47
Quick ratio
0.33▼
2024 · 0.34
Debt to equity
0.93▼
2024 · 1.06
ROE
2.7%▼
2024 · 13.2%
ROA
1.4%▼
2024 · 6.4%
Interest coverage
80.96▼
2024 · 199.98
Debt ≤ 1 year
€153,402▼
2024 · €171,215
Income taxes
€854▼
2024 · €4,991
Staff costs
€158,312▲
2024 · €153,692
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €54,411 | €133,498 | €148,704 | €153,692 | €158,312 | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,703 | €20,092 | €20,342 | €22,475 | €24,456 | ▲ 8.8% |
| Other operating charges640/8 | €1,416 | €2,542 | €1,938 | €3,292 | €3,578 | ▲ 8.7% |
| Gross operating margin9900 | €105,598 | €170,546 | €181,525 | €205,846 | €192,008 | ▼ 6.7% |
| Operating profit (loss)9901 | €26,068 | €14,414 | €10,541 | €26,388 | €5,662 | ▼ 78.5% |
| Financial income75/76B | €29 | €155 | €176 | €59 | €61 | ▲ 3.9% |
| Recurring financial income75 | €29 | €155 | €176 | €59 | €61 | ▲ 3.9% |
| Financial charges65/66B | €3,437 | €2,680 | €1,291 | €244 | €372 | ▲ 52.3% |
| Recurring financial charges65 | €3,437 | €2,680 | €1,291 | €244 | €372 | ▲ 52.3% |
| Profit (loss) for the period before taxes9903 | €22,660 | €11,889 | €9,427 | €26,202 | €5,351 | ▼ 79.6% |
| Income taxes67/77 | - | €2,130 | €1,933 | €4,991 | €854 | ▼ 82.9% |
| Profit (loss) for the period9904 | €22,660 | €9,759 | €7,493 | €21,212 | €4,497 | ▼ 78.8% |
| Profit (loss) for the period to be appropriated9905 | €22,660 | €9,759 | €7,493 | €21,212 | €4,497 | ▼ 78.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €352,545 | €304,879 | €290,360 | €332,234 | €318,918 | ▼ 4.0% |
| Fixed assets21/28 | €271,316 | €255,749 | €240,404 | €251,980 | €246,572 | ▼ 2.1% |
| Tangible fixed assets22/27 | €271,316 | €255,749 | €240,404 | €251,980 | €246,572 | ▼ 2.1% |
| Land and buildings22 | €243,911 | €233,418 | €221,241 | €209,065 | €196,888 | ▼ 5.8% |
| Plant, machinery and equipment23 | €24,598 | €18,954 | €15,346 | €40,306 | €48,182 | ▲ 19.5% |
| Furniture and vehicles24 | €2,807 | €3,378 | €3,817 | €2,609 | €1,502 | ▼ 42.4% |
| Current assets29/58 | €81,229 | €49,129 | €49,956 | €80,254 | €72,346 | ▼ 9.9% |
| Stocks and contracts in progress3 | €36,752 | €31,680 | €21,956 | €21,446 | €21,760 | ▲ 1.5% |
| Stocks30/36 | €36,752 | €31,680 | €21,956 | €21,446 | €21,760 | ▲ 1.5% |
| Amounts receivable within one year40/41 | €7,026 | €10,184 | €7,848 | €3,781 | €9,824 | ▲ 160% |
| Trade receivables40 | €7,026 | €7,314 | €4,781 | €3,771 | €5,678 | ▲ 50.6% |
| Other amounts receivable41 | - | €2,870 | €3,067 | €9 | €4,146 | ▲ 43,592% |
| Cash at bank and in hand54/58 | €19,850 | €2,226 | €14,117 | €22,246 | €35,979 | ▲ 61.7% |
| Deferred charges and accrued income490/1 | €17,602 | €5,039 | €6,035 | €32,782 | €4,783 | ▼ 85.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €352,545 | €304,879 | €290,360 | €332,234 | €318,918 | ▼ 4.0% |
| Equity10/15 | €122,555 | €132,314 | €139,807 | €161,019 | €165,516 | ▲ 2.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €103,955 | €113,714 | €121,207 | €142,419 | €146,916 | ▲ 3.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €102,095 | €111,854 | €119,347 | €142,419 | €146,916 | ▲ 3.2% |
| Amounts payable17/49 | €229,990 | €172,565 | €150,553 | €171,215 | €153,402 | ▼ 10.4% |
| Amounts payable after more than one year17 | €8,110 | - | - | - | - | - |
| Financial debts170/4 | €8,110 | - | - | - | - | - |
| Amounts payable within one year42/48 | €221,880 | €172,565 | €150,553 | €171,215 | €153,402 | ▼ 10.4% |
| Current portion of amounts payable after more than one year42 | €31,598 | €8,110 | - | - | - | - |
| Trade debts44 | €38,169 | €23,430 | €11,650 | €7,112 | €17,754 | ▲ 150% |
| Suppliers440/4 | €38,169 | €23,430 | €11,650 | €7,112 | €17,754 | ▲ 150% |
| Advances received on contracts in progress46 | €18,307 | €4,742 | €6,034 | €37,737 | €4,622 | ▼ 87.8% |
| Taxes, remuneration and social security45 | €16,398 | €28,522 | €28,851 | €24,797 | €32,766 | ▲ 32.1% |
| Taxes450/3 | €9,166 | €10,457 | €7,739 | €8,271 | €11,007 | ▲ 33.1% |
| Remuneration and social security454/9 | €7,232 | €18,065 | €21,112 | €16,526 | €21,760 | ▲ 31.7% |
| Other amounts payable47/48 | €117,407 | €107,761 | €104,018 | €101,570 | €98,260 | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,660 | €9,759 | €7,493 | €21,212 | €4,497 | ▼ 78.8% |
| + Depreciation and write-downs630 | €23,703 | €20,092 | €20,342 | €22,475 | €24,456 | ▲ 8.8% |
| Operating cash flow (approximation) | €46,362 | €29,851 | €27,835 | €43,687 | €28,953 | ▼ 33.7% |
| Investment in fixed assets (approximation) | - | -€4,525 | -€4,997 | -€34,050 | -€19,049 | ▲ 44.1% |
| Change in cash | - | -€17,623 | €11,891 | €8,129 | €13,733 | ▲ 68.9% |
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
Next filing, fiscal year 2026, expected by
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €4,497 ▼78.8%
Net result drops to €4,497, the lowest in the series.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €150,000Eq €161,019 ▲15.2%
7 profitable years in a row build equity to €161,019.
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €22,660 ▲201%
Net result €22,660, the highest in the series.
30-09
Financial
Equity above €100,000Eq €122,555 ▲22.7%
4 profitable years in a row build equity to €122,555.
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
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 2 acts read
About the unread acts
We know of 2 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
2 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, Oudenaarde · 1 establishment unit since 2006
Ground area
969 m²
Building footprint
284 m²
Volume, LiDAR
1,170 m³
Parcel 45503A0630/00N000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Sans Soleil
since 20062.151.921.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45503A0630/00N000 | Flanders | 969 m² | 1 · 284 m² | 7.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,065 EUR awarded · 1,065 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,065 EUR | 1,065 EUR |
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Of 24,865 companies in sector 96220 we hold annual accounts for 1,441. 863 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-12-2005
Fiscal year end30-09
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
96230Day spas, saunas and steam baths
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877709250
Also
9925:BE0877709250
Registered
30-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.