OBSIDENDAM · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of OBSIDENDAM is 2.0% (moderate). The 2024 annual accounts show negative equity (€-228k) and a net result of €-90k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.0% Moderate

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 33 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2026, 334 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not confirmed	-
31-12-2024	31-07-2025	30-06-2026	334 d late	2026-00224265
31-12-2023	31-07-2024	07-10-2024	68 d late	2024-00502627
31-12-2022	31-07-2023	31-07-2023	on the day	2023-00303153
31-12-2021	31-07-2022	28-10-2022	89 d late	2022-20475973
31-12-2020	31-07-2021	15-10-2021	76 d late	2021-71900426
31-12-2019	31-07-2020	30-09-2020	61 d late	2020-56700202
31-12-2018	31-07-2019	30-08-2019	30 d late	2019-55100357
31-12-2017	31-07-2018	22-08-2018	22 d late	2018-47600376
31-12-2016	31-07-2017	30-08-2017	30 d late	2017-50500208
31-12-2015	31-07-2016	30-08-2016	30 d late	2016-51000512

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated or micro schema)

EBIT marginNot published (abbreviated or micro schema)

Net result€-90k-59.0%

Working capital€-222k-65.6%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 30-06-2026 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Net result: declining trend of ~35.9%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€-47k

-271.4% 18-24

Net profit

€-90k

-59.0% 18-24

Cash flow

€-70k

-91.1% 18-24

Total assets

€374k

-4.2% 18-24

Equity

€-228k

-64.6% 18-24

Working capital

€-222k

-65.6% 18-24

Debt

€602k

+13.9% 18-24

Debt ≤ 1y

€245k

+59.7% 18-24

Show 8 other metrics

Debt > 1y

€355k

-5.3% 18-24

Current ratio

0.09

-25.6% 18-24

Quick ratio

0.09

-25.6% 18-24

Solvency

-61.1%

-71.7% 18-24

Debt / equity

-2.64

+30.8% 18-24

ROE

39.2%

-3.4% 18-24

ROA

-24.0%

-65.9% 18-24

Interest coverage

-2.10

-291.5% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€-47k
Net profit	€-90k
Cash flow	€-70k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€374k
Equity	€-228k
Debt	€602k
of which ≤ 1y	€245k
of which > 1y	€355k
Working capital	€-222k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.09
Quick ratio	0.09
Working capital ratio	-59.5%
Solvency	-61.1%
Debt / equity	-2.64
Long-term debt ratio	-1.56
Interest coverage	-2.10
Gross margin	-
Net margin	-
ROA	-24.0%
ROE	39.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €351k · 93.8% Current assets €23k · 6.2%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€374k
Fixed assets	21/28	€351k
Tangible fixed assets	22/27	€350k
Financial fixed assets	28	€600
Current assets	29/58	€23k
Amounts receivable within one year	40/41	€22k
Cash & bank	54/58	€626
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€374k
Equity	10/15	€-228k
Contributions / capital	10/11	€7k
Accumulated profits (losses)	14	€-235k
Amounts payable	17/49	€602k
Amounts payable after one year	17	€355k
Amounts payable within one year	42/48	€245k
Trade debts payable within one year	44	€53k
Income statement
Gross operating margin	9900	€-19k
Operating result	9901	€-67k
Financial income	75	€81
Financial charges	65	€23k
Result before taxes	9903	€-90k
Net result for the period	9904	€-90k
Result to be appropriated	9905	€-90k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

no sitting director

6 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Former directors (1)

Geert Pepels
Director
State Gazette act 23013494 (27-01-2023)

Former
- → 18-01-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	03-07-2012
Status	Active
Postal code	3900

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

18 companies at this address See who is registered here

Establishment units

1 location

C&P Projects

Industrielaan 16, 3900 PeltBouw van autowegen en andere wegen

since 20122.211.717.487

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area4,943 m²

Buildings1

Building footprint2,735 m²

Volume (LiDAR)18,612 m³

Tallest building9.3 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72502E0102/00L157	Flanders	4,943 m²	1 · 2,735 m²	9.3 m · 2 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts

Address history · 1

25-11-2022

Registered-office move

All acts · 2 updated 3 years ago

2023

27-01-2023 Geert Pepels resigns as director Director changes

Geert Pepels, Bestuurder

Original publication ↗

2022

25-11-2022 Registered office moved within Pelt Registered-office change

Grote Heide 76-3910 Pelt → Industrielaan 16, 3900 Pelt

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

54 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 100

Solvency 33

Growth 32

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

OBSIDENDAM

Registered office

Industrielaan 16

3900 Pelt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.