OBRA-BEL
ActiveSummary
OBRA-BEL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €12k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-22
Solvency55▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.89 in 2024; short-term debt: 12.7% and cash: 12.9% of total assets), and 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
29.7%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
28 d late
2022
29 d late
2021
59 d late
2020
30 d late
2019
70 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€138k▲ 9.4%
2024 · €127k
2018: €28k
2019: €44k
2020: €51k
2021: €70k
2022: €94k
2023: €87k
2024: €127k
2018 → 2025
Total assets
€466k▼ 3.5%
2024 · €483k
2018: €55k
2019: €84k
2020: €87k
2021: €97k
2022: €101k
2023: €93k
2024: €483k
2018 → 2025
Net result
€12k▼ 70.3%
2024 · €40k
2018: €25k
2019: €40k
2020: €19k
2021: €20k
2022: €24k
2023: €-8k
2024: €40k
2018 → 2025
Working capital
€578
2024 · €-8k
2018: €14k
2019: €27k
2020: €41k
2021: €62k
2022: €89k
2023: €85k
2024: €-8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€94k▲ 34.0%€87k▼ 8.2%€127k▲ 46.1%€138k▲ 9.4%
Operating result€29k-€37k▲ 25.5%€-15k€71k€29k▼ 58.7%
Net result€20k-€24k▲ 21.1%€-8k€40k€12k▼ 70.3%
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 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €466k
Fixed assets
€406k ▼ 1.9%
Current assets
€60k ▼ 13.1%
Equity and liabilities €466k
Equity
€138k ▲ 9.4%
Debt
€328k ▼ 8.0%
Debt's share of the balance-sheet total falls from 73.8% to 70.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▼
2024 · €82k
Cash flow
€24k▼
2024 · €50k
Current ratio
1.01▲
2024 · 0.89
Debt to equity
2.37▼
2024 · 2.82
ROE
8.6%▼
2024 · 31.5%
ROA
2.5%▼
2024 · 8.3%
Interest coverage
3.53▼
2024 · 5.32
Debt ≤ 1 year
€59k▼
2024 · €77k
Debt > 1 year
€269k▼
2024 · €279k
Income taxes
€6k▼
2024 · €16k
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€483k€466k▼
Fixed assets21/28€414k€406k▼
Tangible fixed assets22/27€414k€406k▼
Land and buildings22€411k€406k▼
Plant, machinery and equipment23€1k€421▼
Furniture and vehicles24€2k€424▼
Current assets29/58€69k€60k▼
Amounts receivable within one year40/41€25k-
Trade receivables40€25k-
Cash at bank and in hand54/58€44k€60k▲
Equity and liabilities
Total equity and liabilities10/49€483k€466k▼
Equity10/15€127k€138k▲
Contributions10/11€25k€25k=
Reserves13€102k€114k▲
Distributable reserves133€102k€114k▲
Amounts payable17/49€356k€328k▼
Amounts payable after more than one year17€279k€269k▼
Financial debts170/4€279k€269k▼
Amounts payable within one year42/48€77k€59k▼
Current portion of amounts payable after more than one year42€10k€11k▲
Trade debts44-€5k
Suppliers440/4-€5k
Taxes, remuneration and social security45€16k€10k▼
Taxes450/3€16k€10k▼
Other amounts payable47/48€51k€33k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€84k€43k▼
Operating profit (loss)9901€71k€29k▼
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B€15k€12k▼
Recurring financial charges65€15k€12k▼
Profit (loss) for the period before taxes9903€56k€18k▼
Income taxes67/77€16k€6k▼
Profit (loss) for the period9904€40k€12k▼
Profit (loss) for the period to be appropriated9905€40k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€12k▼
Profit (loss) brought forward from the previous period14P€-8k-
Transfer to equity691/2€32k€12k▼
To other reserves6921€32k€12k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
31-12
Financial
Equity above €100kEq €127k ▲46.1%
Equity rises from €87k to €127k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-8k ▼132%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 14.57
Current ratio from 3.29 to 14.57; short-term debt falls from €27k to €7k.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lokeren · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sinaaistraat 189160 LokerenGround area
553 m²
Building footprint
130 m²
Volume, LiDAR
5 m³
Parcel 46014A1621/00D000, Flanders · tallest building 0.7 m. Linked by address, not a title deed.
1 establishment unit
K.M. SYSTEMS BVBA
since 19982.074.651.836
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A1621/00D000 | Flanders | 553 m² | 1 · 130 m² | 0.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DAEMS AUTOMATIONS
BE 0882.684.360
Nijlen · Eq €138,460
Audioscape
BE 0895.693.248
Bonheiden · Eq €138,494
KACHELS VALCKE
BE 0406.253.618
Roeselare · Eq €138,827
FAMOSAM
BE 0728.701.117
Soumagne · Eq €138,865
TECHFORCE
BE 0675.976.469
Wavre · Eq €137,012
Of 977 companies in sector 46431 we hold annual accounts for 705. 517 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.