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OBSIM

Active
Public limited companyfounded 200125 yrs activeSterrewachtlaan 113, 1180 Ukkel, BelgiumKBO/BCE: BE 0474.689.393
Summary

The computed 12-month bankruptcy probability of OBSIM is 1.5% (moderate). The 2024 annual accounts show equity of €221,244 and a net result of -€10,980. Equity remains stable across the filed fiscal years (±0.4% per year). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability15▲+14
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
cash: 34.8% of total assets, and 10.1% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 25 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
89.9%
Return on assets
-4.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€10,980
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 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 filings
Deviation from the deadline
2025
not confirmed
2024
63 d late
2023
428 d late
2022
24 d late
2021
26 d late
2020
30 d late
2019
89 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 110 days after 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

OBSIM was incorporated on 26 April 2001.1 Total assets fell from EUR 322,742 in 2018 to EUR 245,999 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€6,000
EBIT margin
-179.3%
Net result
-€10,980▲ 68.1%
2023 · -€34,445
Working capital
€67,070▼ 26.0%
2022 · €90,621
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
Line20202021202220232024
Turnover€6,000
Operating result€7,768▲ 4.2%€4,530▼ 41.7%€10,710▲ 136%-€34,048-€10,757▲ 68.4%
Net result€7,587▲ 4.0%€4,282▼ 43.6%€10,383▲ 142%-€34,445-€10,980▲ 68.1%
EBIT margin-179.3%
Equity€252,003▲ 3.1%€256,285▲ 1.7%€266,668▲ 4.1%€232,224▼ 12.9%€221,244▼ 4.7%
Total assets€260,465▼ 5.8%€259,996▼ 0.2%€266,782▲ 2.6%€239,022▼ 10.4%€245,999▲ 2.9%
Debt€8,462▼ 73.6%€3,711▼ 56.1%€114▼ 96.9%€6,798▲ 5,870%€24,755▲ 264%
Working capital€59,459▲ 52.9%€72,630▲ 22.2%€90,621▲ 24.8%€67,070▼ 26.0%
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2020: €7,768€7,768Net result 2020: €7,587€7,587Operating result 2021: €4,530€4,530Net result 2021: €4,282€4,282Operating result 2022: €10,710€10,710Net result 2022: €10,383€10,383Operating result 2023: -€34,048-€34,048Net result 2023: -€34,445-€34,445Operating result 2024: -€10,757-€10,757Net result 2024: -€10,980-€10,98020202021202220232024-€40,000-€20,000€0€20,000Operating result 2022: €10,710€10,700Net result 2022: €10,383€10,400Operating result 2023: -€34,048-€34,000Net result 2023: -€34,445-€34,400Operating result 2024: -€10,757-€10,800Net result 2024: -€10,980-€11,000202220232024
The operating result stays negative: a loss of €10,757 in 2024 against €34,048 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €245,999
Fixed assets €154,440 ▼ 6.5%
Current assets €91,559 ▲ 24.0%
Equity and liabilities €245,999
Equity €221,244 ▼ 4.7%
Debt €24,755 ▲ 264%
Debt's share of the balance-sheet total rises from 2.8% to 10.1%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€0▲
2023 · -€23,198
Cash flow
-€223▲
2023 · -€23,594
Debt to equity
0.11▲
2023 · 0.03
ROE
-5.0%▲
2023 · -14.8%
ROA
-4.5%▲
2023 · -14.4%
Interest coverage
0.00▲
2023 · -58.98
Debt > 1 year
€24,755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 12,321 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€239,022€245,999▲
Fixed assets21/28€165,196€154,440▼
Tangible fixed assets22/27€165,196€154,440▼
Land and buildings22€165,196€154,440▼
Current assets29/58€73,825€91,559▲
Current investments50/53-€6,000
Cash at bank and in hand54/58€73,825€85,559▲
Equity and liabilities
Total equity and liabilities10/49€239,022€245,999▲
Equity10/15€232,224€221,244▼
Contributions10/11€284,300€284,300=
Capital10€284,300€284,300=
Issued capital100€284,300€284,300=
Profit (loss) carried forward14-€52,076-€63,056▼
Amounts payable17/49€6,798€24,755▲
Amounts payable after more than one year17-€24,755
Financial debts170/4-€24,755
Amounts payable within one year42/48€6,755-
Current portion of amounts payable after more than one year42€6,755-
Accrued charges and deferred income492/3€43-
Income statement Code20232024
Turnover70-€6,000
Goods, raw materials, services and sundry goods60/61-€6,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,851€10,757▼
Other operating charges640/8€5,957-
Gross operating margin9900-€17,241€0▲
Operating profit (loss)9901-€34,048-€10,757▲
Financial charges65/66B€393€223▼
Recurring financial charges65€393€223▼
Profit (loss) for the period before taxes9903-€34,442-€10,980▲
Income taxes67/77€3-
Profit (loss) for the period9904-€34,445-€10,980▲
Profit (loss) for the period to be appropriated9905-€34,445-€10,980▲
Appropriation of the result
Profit (loss) to be appropriated9906-€52,076-€63,056▼
Profit (loss) brought forward from the previous period14P-€17,632-€52,076▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70----€6,000-
Goods, raw materials, services and sundry goods60/61----€6,000-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,788€10,552€10,851€10,851€10,757▼ 0.9%
Other operating charges640/8-€6,260€5,432€5,957--
Gross operating margin9900€24,809€21,342€26,993-€17,241€0▲ 100%
Operating profit (loss)9901€7,768€4,530€10,710-€34,048-€10,757▲ 68.4%
Financial charges65/66B-€249€327€393€223▼ 43.3%
Recurring financial charges65€181€249€327€393€223▼ 43.3%
Profit (loss) for the period before taxes9903€7,587€4,282€10,383-€34,442-€10,980▲ 68.1%
Income taxes67/77---€3--
Profit (loss) for the period9904€7,587€4,282€10,383-€34,445-€10,980▲ 68.1%
Profit (loss) for the period to be appropriated9905€7,587€4,282€10,383-€34,445-€10,980▲ 68.1%
Line20202021202220232024Change
Assets
Total assets20/58€260,465€259,996€266,782€239,022€245,999▲ 2.9%
Fixed assets21/28€197,450€186,898€176,047€165,196€154,440▼ 6.5%
Tangible fixed assets22/27€197,450€186,898€176,047€165,196€154,440▼ 6.5%
Land and buildings22-€186,898€176,047€165,196€154,440▼ 6.5%
Current assets29/58€63,015€73,099€90,735€73,825€91,559▲ 24.0%
Amounts receivable within one year40/41€2,441€1,444€4,202---
Other amounts receivable41-€1,444€4,202---
Current investments50/53----€6,000-
Cash at bank and in hand54/58€60,574€71,655€78,960€73,825€85,559▲ 15.9%
Deferred charges and accrued income490/1--€7,573---
Equity and liabilities
Total equity and liabilities10/49€260,465€259,996€266,782€239,022€245,999▲ 2.9%
Equity10/15€252,003€256,285€266,668€232,224€221,244▼ 4.7%
Contributions10/11€284,300€284,300€284,300€284,300€284,300=
Capital10-€284,300€284,300€284,300€284,300=
Issued capital100-€284,300€284,300€284,300€284,300=
Profit (loss) carried forward14-€32,297-€28,015-€17,632-€52,076-€63,056▼ 21.1%
Amounts payable17/49€8,462€3,711€114€6,798€24,755▲ 264%
Amounts payable after more than one year17----€24,755-
Financial debts170/4----€24,755-
Amounts payable within one year42/48€3,556€469€114€6,755--
Current portion of amounts payable after more than one year42---€6,755--
Trade debts44-€469€114---
Suppliers440/4-€469€114---
Accrued charges and deferred income492/3-€3,243-€43--
Line20202021202220232024Change
Profit (loss) for the period9904€7,587€4,282€10,383-€34,445-€10,980▲ 68.1%
+ Depreciation and write-downs630€11,788€10,552€10,851€10,851€10,757▼ 0.9%
Operating cash flow (approximation)€19,375€14,834€21,234-€23,594-€223▲ 99.1%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€11,081€7,305-€5,135€11,734▲ 329%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
02-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 63 days late
02-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 428 days late
2023
31-12
Financial Weakest financial yearnet -€34,445
Net result drops to -€34,445, the lowest in the series; recovery starts the following year.
24-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial Highest result since 2018net €10,383 ▲142%
Operating result €10,710, net result €10,383, both a record.
31-12
Financial Liquidity times 5current ratio 796.83
Current ratio from 156.03 to 796.83; short-term debt falls from €469 to €114.
26-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial Liquidity times 9current ratio 156.03
Current ratio from 17.72 to 156.03; short-term debt falls from €3,556 to €469.
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial Liquidity times 8current ratio 17.72
Current ratio from 2.21 to 17.72; short-term debt falls from €32,024 to €3,556.
28-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
08-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
29-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Ukkel · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
9,494 m²
Building footprint
1,996 m²
Volume, LiDAR
36,755 m³
2 parcels, Brussels · tallest building 34.0 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
OBSIM
Beeldhouwerslaan 115, 1180 UkkelNACE 70120
since 20032.132.409.495
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21612C0286/00R013 Brussels 8,159 m² 1 · 1,812 m² 34.0 m · 9 fl.
21612D0025/00C023 Brussels 1,335 m² 1 · 184 m² 12.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded26-04-2001
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.