OBRA
ActiveSummary
OBRA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €52k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-3
Solvency49▲+11
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.6 in 2024; short-term debt: 64.3% and cash: 10.6% of total assets), and 76.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
23.9%
Return on assets
15.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
17 d early
2024
54 d late
2023
60 d late
2022
28 d early
2021
22 d late
2020
44 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€81k▲ 177%
2024 · €29k
2020: €36k
2021: €60k▲ +68.3% vs 2020
2022: €107k▲ +76.4% vs 2021
2023: €156k▲ +46.4% vs 2022highest in 6 years
2024: €29k▼ -81.3% vs 2023lowest in 6 years
2025: €81k▲ +177% vs 2024
2020 → 2025
Total assets
€338k▲ 46.2%
2024 · €232k
2020: €87klowest in 6 years
2021: €282k▲ +222% vs 2020
2022: €335k▲ +18.8% vs 2021
2023: €519k▲ +55.2% vs 2022highest in 6 years
2024: €232k▼ -55.4% vs 2023
2025: €338k▲ +46.2% vs 2024
2020 → 2025
Net result
€52k▲ 4.1%
2024 · €50k
2020: €32k
2021: €25k▼ -20.2% vs 2020lowest in 6 years
2022: €47k▲ +85.5% vs 2021
2023: €50k▲ +7.1% vs 2022
2024: €50k▼ -1.3% vs 2023
2025: €52k▲ +4.1% vs 2024highest in 6 years
2020 → 2025
Working capital
€-143k▼ 78.7%
2024 · €-80k
2020: €-4k
2021: €186k▲ +4888% vs 2020
2022: €243k▲ +31.0% vs 2021
2023: €411k▲ +69.1% vs 2022highest in 6 years
2024: €-80k▼ -119% vs 2023
2025: €-143k▼ -78.7% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€107k▲ 76.4%€156k▲ 46.4%€29k▼ 81.3%€81k▲ 177%
2021: €60k
2022: €107k▲ +76.4% vs 2021
2023: €156k▲ +46.4% vs 2022highest in 5 years
2024: €29k▼ -81.3% vs 2023lowest in 5 years
2025: €81k▲ +177% vs 2024
Operating result€35k-€64k▲ 83.2%€78k▲ 23.1%€80k▲ 2.7%€82k▲ 2.5%
2021: €35klowest in 5 years
2022: €64k▲ +83.2% vs 2021
2023: €78k▲ +23.1% vs 2022
2024: €80k▲ +2.7% vs 2023
2025: €82k▲ +2.5% vs 2024highest in 5 years
Net result€25k-€47k▲ 85.5%€50k▲ 7.1%€50k▼ 1.3%€52k▲ 4.1%
2021: €25klowest in 5 years
2022: €47k▲ +85.5% vs 2021
2023: €50k▲ +7.1% vs 2022
2024: €50k▼ -1.3% vs 2023
2025: €52k▲ +4.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338k
Fixed assets
€264k ▲ 142%
Current assets
€75k ▼ 38.9%
Equity and liabilities €338k
Equity
€81k ▲ 177%
Debt
€258k ▲ 27.3%
Debt's share of the balance-sheet total falls from 87.4% to 76.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92k▲
2024 · €90k
Cash flow
€61k▲
2024 · €60k
Current ratio
0.34▼
2024 · 0.60
Debt to equity
3.18▼
2024 · 6.91
ROE
63.9%▼
2024 · 169.7%
ROA
15.3%▼
2024 · 21.4%
Interest coverage
6.72▲
2024 · 5.50
Debt ≤ 1 year
€218k▲
2024 · €202k
Debt > 1 year
€40k
Income taxes
€17k▲
2024 · €14k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€232k€338k▲
Fixed assets21/28€109k€264k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€109k€262k▲
Land and buildings22€103k€247k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€4k€13k▲
Financial fixed assets28€50€50=
Current assets29/58€122k€75k▼
Amounts receivable within one year40/41€39k€31k▼
Trade receivables40€39k€31k▼
Other amounts receivable41€51€119▲
Cash at bank and in hand54/58€81k€36k▼
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€232k€338k▲
Equity10/15€29k€81k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€24k€76k▲
Amounts payable17/49€202k€258k▲
Amounts payable after more than one year17-€40k
Financial debts170/4-€40k
Amounts payable within one year42/48€202k€218k▲
Trade debts44€4k€14k▲
Suppliers440/4€4k€14k▲
Taxes, remuneration and social security45€8k€20k▲
Taxes450/3€8k€20k▲
Other amounts payable47/48€190k€184k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€94k€95k▲
Operating profit (loss)9901€80k€82k▲
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€64k€69k▲
Income taxes67/77€14k€17k▲
Profit (loss) for the period9904€50k€52k▲
Profit (loss) for the period to be appropriated9905€50k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€201k€76k▼
Profit (loss) brought forward from the previous period14P€151k€24k▼
Profit to be distributed694/7€176k-
Return on contributions (dividend)694€176k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €11k | €11k | €10k | €9k | ▼ 4.9% |
| Other operating charges640/8 | €2k | €2k | €4k | €3k | €3k | ▼ 13.2% |
| Gross operating margin9900 | €46k | €76k | €93k | €94k | €95k | ▲ 1.2% |
| Operating profit (loss)9901 | €35k | €64k | €78k | €80k | €82k | ▲ 2.5% |
| Financial charges65/66B | €2k | €3k | €13k | €16k | €14k | ▼ 16.7% |
| Recurring financial charges65 | €2k | €3k | €13k | €16k | €14k | ▼ 16.7% |
| Profit (loss) for the period before taxes9903 | €33k | €60k | €66k | €64k | €69k | ▲ 7.5% |
| Income taxes67/77 | €8k | €13k | €15k | €14k | €17k | ▲ 19.1% |
| Profit (loss) for the period9904 | €25k | €47k | €50k | €50k | €52k | ▲ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €25k | €47k | €50k | €50k | €52k | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282k | €335k | €519k | €232k | €338k | ▲ 46.2% |
| Fixed assets21/28 | €35k | €24k | €16k | €109k | €264k | ▲ 142% |
| Intangible fixed assets21 | - | - | - | - | €2k | - |
| Tangible fixed assets22/27 | €35k | €24k | €16k | €109k | €262k | ▲ 140% |
| Land and buildings22 | €3k | €2k | €1k | €103k | €247k | ▲ 141% |
| Plant, machinery and equipment23 | €3k | €2k | €3k | €2k | €2k | ▼ 34.3% |
| Furniture and vehicles24 | €29k | €20k | €11k | €4k | €13k | ▲ 216% |
| Financial fixed assets28 | €52 | - | - | €50 | €50 | = |
| Current assets29/58 | €247k | €311k | €504k | €122k | €75k | ▼ 38.9% |
| Stocks and contracts in progress3 | €105k | €192k | €455k | - | - | - |
| Stocks30/36 | €105k | €192k | €455k | - | - | - |
| Amounts receivable within one year40/41 | €111k | €47k | €34k | €39k | €31k | ▼ 19.3% |
| Trade receivables40 | €31k | €47k | €34k | €39k | €31k | ▼ 19.5% |
| Other amounts receivable41 | €80k | €50 | €72 | €51 | €119 | ▲ 133% |
| Cash at bank and in hand54/58 | €27k | €68k | €12k | €81k | €36k | ▼ 55.8% |
| Deferred charges and accrued income490/1 | €4k | €3k | €3k | €2k | €8k | ▲ 244% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282k | €335k | €519k | €232k | €338k | ▲ 46.2% |
| Equity10/15 | €60k | €107k | €156k | €29k | €81k | ▲ 177% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €55k | €102k | €151k | €24k | €76k | ▲ 213% |
| Amounts payable17/49 | €221k | €228k | €363k | €202k | €258k | ▲ 27.3% |
| Amounts payable after more than one year17 | €160k | €160k | €271k | - | €40k | - |
| Financial debts170/4 | €160k | €160k | €271k | - | €40k | - |
| Amounts payable within one year42/48 | €61k | €67k | €92k | €202k | €218k | ▲ 7.6% |
| Trade debts44 | €2k | €3k | €13k | €4k | €14k | ▲ 232% |
| Suppliers440/4 | €2k | €3k | €13k | €4k | €14k | ▲ 232% |
| Taxes, remuneration and social security45 | €25k | €22k | €33k | €8k | €20k | ▲ 134% |
| Taxes450/3 | €25k | €22k | €33k | €8k | €20k | ▲ 134% |
| Other amounts payable47/48 | €34k | €42k | €46k | €190k | €184k | ▼ 2.9% |
| Accrued charges and deferred income492/3 | - | €588 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €47k | €50k | €50k | €52k | ▲ 4.1% |
| + Depreciation and write-downs630 | €10k | €11k | €11k | €10k | €9k | ▼ 4.9% |
| Operating cash flow (approximation) | €35k | €58k | €61k | €60k | €61k | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | €52 | €-3k | €-103k | €-164k | ▼ 58.5% |
| Change in cash | - | €42k | €-56k | €69k | €-45k | ▼ 165% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €52k ▲4.1%
Operating result €82k, net result €52k, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-12
Financial
Equity above €150kEq €156k ▲46.4%
4 profitable years in a row build equity to €156k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €107k ▲76.4%
3 profitable years in a row build equity to €107k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €25k ▼20.2%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.03
Current ratio from 0.92 to 4.03.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Zedelgem · 1 establishment unit since 2019
Ground area
394 m²
Building footprint
109 m²
Volume, LiDAR
674 m³
Parcel 31001B1683/00M002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
OBRA
since 20192.294.016.148
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31001B1683/00M002 | Flanders | 393 m² | 1 · 109 m² | 9.4 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 60 EUR awarded · 60 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 5,478 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
Founded26-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.