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OCEANIC

Active
Private limited company (pre-2019)founded 198640 yrs activeTextielstraat(KOM) 18, 7780 Comines-Warneton, BelgiumKBO/BCE: BE 0429.182.438
Summary

OCEANIC has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,659 and a net result of €1,138. Equity is growing by ~23.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability41▼-11
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 9.05 against 10.6 in 2024; short-term debt: 7.7% and cash: 2.5% of total assets), and 12% of the assets are financed with debt.
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Signals

Five 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
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 40 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
88%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
27 d early
2023
29 d late
2022
30 d late
2021
31 d late
2020
61 d late
2019
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 16 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 (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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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

OCEANIC was incorporated on 10 June 1986.1 Total assets went from EUR 92,495 in 2018 to EUR 90,494 in 2025 and headcount from 1.5 full-time equivalents in 2018 to 0.5 in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,138▼ 43.9%
2024 · €2,029
Working capital
€56,442▼ 7.3%
2024 · €60,891
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€48,646€21,186▼ 56.4%€21,199▲ 0.1%€3,837▼ 81.9%€2,596▼ 32.4%
Net result€46,541€20,204▼ 56.6%€16,929▼ 16.2%€2,029▼ 88.0%€1,138▼ 43.9%
Equity€39,359€59,562▲ 51.3%€76,491▲ 28.4%€78,520▲ 2.7%€79,659▲ 1.4%
Total assets€116,347▲ 66.9%€107,062▼ 8.0%€127,922▲ 19.5%€94,279▼ 26.3%€90,494▼ 4.0%
Debt€76,988▲ 0.1%€47,500▼ 38.3%€51,431▲ 8.3%€15,759▼ 69.4%€10,835▼ 31.2%
Working capital€9,227€30,175▲ 227%€69,913▲ 132%€60,891▼ 12.9%€56,442▼ 7.3%
Staff (FTE)0000
Result per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2021: €48,646€48,646Net result 2021: €46,541€46,541Operating result 2022: €21,186€21,186Net result 2022: €20,204€20,204Operating result 2023: €21,199€21,199Net result 2023: €16,929€16,929Operating result 2024: €3,837€3,837Net result 2024: €2,029€2,029Operating result 2025: €2,596€2,596Net result 2025: €1,138€1,13820212022202320242025€0€10,000€20,000Operating result 2023: €21,199€21,200Net result 2023: €16,929€16,900Operating result 2024: €3,837€3,840Net result 2024: €2,029€2,030Operating result 2025: €2,596€2,600Net result 2025: €1,138€1,140202320242025
The operating result has fallen two years in a row; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,494
Fixed assets €27,040 =
Current assets €63,453 ▼ 5.6%
Equity and liabilities €90,494
Equity €79,659 ▲ 1.4%
Debt €10,835 ▼ 31.2%
Debt's share of the balance-sheet total falls from 16.7% to 12.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,601▼
2024 · €4,142
Cash flow
€1,143▼
2024 · €2,334
Current ratio
9.05▼
2024 · 10.60
Debt to equity
0.14▼
2024 · 0.20
ROE
1.4%▼
2024 · 2.6%
ROA
1.3%▼
2024 · 2.2%
Interest coverage
2.49▼
2024 · 3.66
Debt ≤ 1 year
€7,012▲
2024 · €6,343
Debt > 1 year
€3,823▼
2024 · €9,415
Income taxes
€414▼
2024 · €675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 0.7% 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%.

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% 1.6%
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€94,279€90,494▼
Fixed assets21/28€27,045€27,040=
Tangible fixed assets22/27€26,273€26,269=
Land and buildings22€26,273€26,269=
Plant, machinery and equipment23€0-
Financial fixed assets28€772€772=
Current assets29/58€67,234€63,453▼
Amounts receivable within one year40/41€65,684€61,048▼
Trade receivables40€0-
Other amounts receivable41€65,684€61,048▼
Cash at bank and in hand54/58€1,363€2,219▲
Deferred charges and accrued income490/1€187€187=
Equity and liabilities
Total equity and liabilities10/49€94,279€90,494▼
Equity10/15€78,520€79,659▲
Contributions10/11€12,395€12,395=
Reserves13€5,291€5,291=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€3,431€3,431=
Profit (loss) carried forward14€60,835€61,973▲
Amounts payable17/49€15,759€10,835▼
Amounts payable after more than one year17€9,415€3,823▼
Financial debts170/4€9,415€3,823▼
Amounts payable within one year42/48€6,343€7,012▲
Current portion of amounts payable after more than one year42€5,426€5,592▲
Trade debts44-€88
Suppliers440/4-€88
Taxes, remuneration and social security45€0€414▲
Taxes450/3€0€414▲
Other amounts payable47/48€917€917=
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Non-recurring operating income76A€1,595€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€305€5▼
Other operating charges640/8€2,731€2,733▲
Non-recurring operating charges66A€16,586€0▼
Gross operating margin9900€23,460€5,333▼
Operating profit (loss)9901€3,837€2,596▼
Financial charges65/66B€1,133€1,043▼
Recurring financial charges65€1,133€1,043▼
Profit (loss) for the period before taxes9903€2,704€1,553▼
Income taxes67/77€675€414▼
Profit (loss) for the period9904€2,029€1,138▼
Profit (loss) for the period to be appropriated9905€2,029€1,138▼
Appropriation of the result
Profit (loss) to be appropriated9906€60,835€61,973▲
Profit (loss) brought forward from the previous period14P€58,806€60,835▲
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€0--€1,595€0▼ 100%
Remuneration, social security and pensions62€466€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,876€5,852€5,574€305€5▼ 98.4%
Other operating charges640/8€4,702€2,559€2,565€2,731€2,733▲ 0.1%
Non-recurring operating charges66A---€16,586€0▼ 100%
Gross operating margin9900€59,690€29,598€29,337€23,460€5,333▼ 77.3%
Operating profit (loss)9901€48,646€21,186€21,199€3,837€2,596▼ 32.4%
Financial income75/76B€0€275€0---
Recurring financial income75€0€275€0---
Financial charges65/66B€1,355€1,207€1,081€1,133€1,043▼ 7.9%
Recurring financial charges65€1,355€1,207€1,081€1,133€1,043▼ 7.9%
Profit (loss) for the period before taxes9903€47,291€20,254€20,118€2,704€1,553▼ 42.6%
Income taxes67/77€750€51€3,189€675€414▼ 38.6%
Profit (loss) for the period9904€46,541€20,204€16,929€2,029€1,138▼ 43.9%
Transfer from tax-exempt reserves789€5,000€0----
Profit (loss) for the period to be appropriated9905€51,541€20,204€16,929€2,029€1,138▼ 43.9%
Line20212022202320242025Change
Assets
Total assets20/58€116,347€107,062€127,922€94,279€90,494▼ 4.0%
Fixed assets21/28€55,345€49,493€43,920€27,045€27,040=
Tangible fixed assets22/27€54,574€48,721€43,148€26,273€26,269=
Land and buildings22€27,597€27,064€26,578€26,273€26,269=
Plant, machinery and equipment23€26,745€21,657€16,570€0--
Furniture and vehicles24€231€0----
Financial fixed assets28€772€772€772€772€772=
Current assets29/58€61,001€57,569€84,002€67,234€63,453▼ 5.6%
Amounts receivable within one year40/41€20€55,057€80,293€65,684€61,048▼ 7.1%
Trade receivables40€0-€53,525€0--
Other amounts receivable41€20€55,057€26,768€65,684€61,048▼ 7.1%
Cash at bank and in hand54/58€826€2,341€3,528€1,363€2,219▲ 62.8%
Deferred charges and accrued income490/1€60,155€172€182€187€187=
Equity and liabilities
Total equity and liabilities10/49€116,347€107,062€127,922€94,279€90,494▼ 4.0%
Equity10/15€39,359€59,562€76,491€78,520€79,659▲ 1.4%
Contributions10/11€12,395€12,395€12,395€12,395€12,395=
Reserves13€5,291€5,291€5,291€5,291€5,291=
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Tax-exempt reserves132€0-----
Distributable reserves133€3,431€3,431€3,431€3,431€3,431=
Profit (loss) carried forward14€21,673€41,877€58,806€60,835€61,973▲ 1.9%
Amounts payable17/49€76,988€47,500€51,431€15,759€10,835▼ 31.2%
Amounts payable after more than one year17€25,214€20,106€14,841€9,415€3,823▼ 59.4%
Financial debts170/4€25,214€20,106€14,841€9,415€3,823▼ 59.4%
Amounts payable within one year42/48€51,774€27,394€14,090€6,343€7,012▲ 10.5%
Current portion of amounts payable after more than one year42€4,956€5,108€5,265€5,426€5,592▲ 3.1%
Trade debts44€275€100€0-€88-
Suppliers440/4€275€100€0-€88-
Taxes, remuneration and social security45€750€19,674€6,313€0€414-
Taxes450/3€750€19,674€6,313€0€414-
Other amounts payable47/48€45,793€2,512€2,512€917€917=
Accrued charges and deferred income492/3--€22,500€0--
Line20212022202320242025Change
Profit (loss) for the period9904€46,541€20,204€16,929€2,029€1,138▼ 43.9%
+ Depreciation and write-downs630€5,876€5,852€5,574€305€5▼ 98.4%
Operating cash flow (approximation)€52,417€26,056€22,503€2,334€1,143▼ 51.0%
Investment in fixed assets (approximation)-€0€0€16,570€0▼ 100%
Change in cash-€1,514€1,187-€2,164€856▲ 140%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial Liquidity triplescurrent ratio 5.96
Current ratio from 2.10 to 5.96; short-term debt falls from €27,394 to €14,090.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial Back to profitnet €46,541
Net result €46,541 after 2 loss-making years.
31-12
Financial Liquidity times 6current ratio 1.18
Current ratio from 0.18 to 1.18.
30-09
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
29-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Weakest financial yearnet -€20,199
Net result drops to -€20,199, the lowest in the series; recovery starts the following year.
11-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-05
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Comines-Warneton · 1 establishment unit since 1986
seat establishment The establishment unit on the map
Ground area
2.7 ha
Building footprint
2,156 m²
Volume, LiDAR
373 m³
2 parcels, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OCEANIC
Wervikstraat(KOM) 156, 7780 Comines-WarnetonNACE 50102
since 19862.036.484.910
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54002C0999/00K000 Wallonia 2.7 ha 1 · 2,116 m² -
54002C0407/00N002 Wallonia 108 m² 1 · 40 m² 11.3 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. AD MEGATEC 100%
  2. OCEANIC

Highest known parent: AD MEGATEC. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded10-06-1986
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.