OCN CORP
ActiveSummary
The computed 12-month bankruptcy probability of OCN CORP is 5.6% (elevated). The 2024 annual accounts show negative equity (-€13,136) and a net result of €11,395. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 6719 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+92
Solvency0=
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.15 in 2023; short-term debt: 146.7% and cash: 27.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
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 2024Solvency, return and age of the figures
Solvency
-46.7%
Return on assets
40.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 6719 sector peers (2024).
NBB · sector comparisonPosition among 6719 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
108 d late
2022
90 d late
2021
53 d late
2020
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 55 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€102,240▼ 19.6%
2022 · €127,118
EBIT margin
11.2%▲ 7.0pp
2022 · 4.2%
Net result
€11,395
2023 · -€38,519
Working capital
-€23,740▲ 33.9%
2023 · -€35,932
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€31,675€127,118▲ 301%€102,240
Operating result-€2,563-€7,292€5,290▼ 27.5%-€38,302€11,404
Net result-€2,647within the sector's middle half-€7,183within the sector's middle half€1,453within the sector's middle half▼ 79.8%-€38,519below the sector's middle half€11,395within the sector's middle half
EBIT margin23.0%4.2%▼ 18.9pp11.2%
Equity€5,353below the sector's middle half-€12,536within the sector's middle half▲ 134%€13,988within the sector's middle half▲ 11.6%-€24,532below the sector's middle half-€13,136below the sector's middle half▲ 46.5%
Total assets€7,706below the sector's middle half-€15,969below the sector's middle half▲ 107%€23,825below the sector's middle half▲ 49.2%€17,901below the sector's middle half▼ 24.9%€28,117below the sector's middle half▲ 57.1%
Debt€2,353-€3,433▲ 45.9%€9,837▲ 187%€42,433▲ 331%€41,254▼ 2.8%
Working capital€282within the sector's middle half-€7,577within the sector's middle half▲ 2,587%-€3,691within the sector's middle half-€35,932below the sector's middle half▼ 873%-€23,740below the sector's middle half▲ 33.9%
Solvency69.5%above the sector's middle half-78.5%above the sector's middle half▲ 9.0pp58.7%within the sector's middle half▼ 19.8pp-137.0%below the sector's middle half▼ 195.7pp-46.7%below the sector's middle half▲ 90.3pp
Current ratio1.12within the sector's middle half-3.21above the sector's middle half▲ 2.090.62below the sector's middle half▼ 2.580.15below the sector's middle half▼ 0.470.42below the sector's middle half▲ 0.27
Return on assets (ROA)-34.4%below the sector's middle half-45.0%above the sector's middle half▲ 79.3pp6.1%within the sector's middle half▼ 38.9pp-215.2%below the sector's middle half▼ 221.3pp40.5%above the sector's middle half▲ 255.7pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11,404 after a loss of €38,302 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28,117
Fixed assets
€10,604 ▼ 7.0%
Current assets
€17,514 ▲ 169%
Key figures and ratios
EBITDA
€14,542▲
2023 · -€32,022
Cash flow
€14,534▲
2023 · -€32,240
Debt to equity
-3.14▼
2023 · -1.73
Interest coverage
81.37▲
2023 · -147.13
Debt ≤ 1 year
€41,254▼
2023 · €42,433
Staff costs
€16,275▲
2023 · €682
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,180 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €31,675 | €127,118 | - | €102,240 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €19,946 | €112,806 | - | €64,359 | - |
| Remuneration, social security and pensions62 | - | - | €2,038 | €682 | €16,275 | ▲ 2,285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,429 | €2,479 | €6,279 | €6,279 | €3,138 | ▼ 50.0% |
| Other operating charges640/8 | - | €1,887 | €705 | €1,161 | €1,449 | ▲ 24.9% |
| Non-recurring operating charges66A | - | €71 | - | - | €5,615 | - |
| Gross operating margin9900 | €1,965 | €11,729 | €14,312 | -€30,179 | €37,881 | ▲ 226% |
| Operating profit (loss)9901 | -€2,563 | €7,292 | €5,290 | -€38,302 | €11,404 | ▲ 130% |
| Financial income75/76B | - | - | - | - | €170 | - |
| Recurring financial income75 | - | - | - | - | €170 | - |
| Financial charges65/66B | - | €109 | €3,837 | €218 | €179 | ▼ 17.9% |
| Recurring financial charges65 | €85 | €109 | €3,837 | €218 | €179 | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | -€2,647 | €7,183 | €1,453 | -€38,519 | €11,395 | ▲ 130% |
| Profit (loss) for the period9904 | -€2,647 | €7,183 | €1,453 | -€38,519 | €11,395 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | -€2,647 | €7,183 | €1,453 | -€38,519 | €11,395 | ▲ 130% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,706 | €15,969 | €23,825 | €17,901 | €28,117 | ▲ 57.1% |
| Fixed assets21/28 | €5,071 | €4,959 | €17,679 | €11,400 | €10,604 | ▼ 7.0% |
| Tangible fixed assets22/27 | €5,071 | €4,959 | €17,679 | €11,400 | €10,604 | ▼ 7.0% |
| Furniture and vehicles24 | - | €4,959 | €17,679 | €11,400 | €10,604 | ▼ 7.0% |
| Current assets29/58 | €2,635 | €11,010 | €6,146 | €6,501 | €17,514 | ▲ 169% |
| Amounts receivable within one year40/41 | €1,998 | €1,270 | €2,313 | €5,915 | €9,770 | ▲ 65.2% |
| Trade receivables40 | - | €1,270 | - | €4,547 | €6,466 | ▲ 42.2% |
| Other amounts receivable41 | - | - | €2,313 | €1,368 | €3,304 | ▲ 142% |
| Cash at bank and in hand54/58 | €368 | €9,740 | €3,833 | €587 | €7,744 | ▲ 1,220% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,706 | €15,969 | €23,825 | €17,901 | €28,117 | ▲ 57.1% |
| Equity10/15 | €5,353 | €12,536 | €13,988 | -€24,532 | -€13,136 | ▲ 46.5% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Profit (loss) carried forward14 | -€2,647 | €4,536 | €5,988 | -€32,532 | -€21,136 | ▲ 35.0% |
| Amounts payable17/49 | €2,353 | €3,433 | €9,837 | €42,433 | €41,254 | ▼ 2.8% |
| Amounts payable within one year42/48 | €2,353 | €3,433 | €9,837 | €42,433 | €41,254 | ▼ 2.8% |
| Trade debts44 | €1,360 | €1,506 | €680 | €22,429 | €35,440 | ▲ 58.0% |
| Suppliers440/4 | - | €1,506 | €680 | €22,429 | €35,440 | ▲ 58.0% |
| Advances received on contracts in progress46 | - | - | - | €5,973 | - | - |
| Taxes, remuneration and social security45 | - | - | €148 | €176 | €5,814 | ▲ 3,201% |
| Taxes450/3 | - | - | - | - | €2,152 | - |
| Remuneration and social security454/9 | - | - | €148 | €176 | €3,662 | ▲ 1,979% |
| Other amounts payable47/48 | - | €1,927 | €9,009 | €13,855 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,647 | €7,183 | €1,453 | -€38,519 | €11,395 | ▲ 130% |
| + Depreciation and write-downs630 | €3,429 | €2,479 | €6,279 | €6,279 | €3,138 | ▼ 50.0% |
| Operating cash flow (approximation) | €782 | €9,662 | €7,732 | -€32,240 | €14,534 | ▲ 145% |
| Investment in fixed assets (approximation) | - | -€2,367 | -€18,999 | -€0 | -€2,342 | ▼ 709,579% |
| Change in cash | - | €9,372 | -€5,907 | -€3,246 | €7,158 | ▲ 320% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €11,395
Net result €11,395 after one loss-making year.
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 108 days late
2023
31-12
Financial
Weakest financial yearnet -€38,519
Net result drops to -€38,519, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 90 days late
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
31-12
Financial
Back to profitnet €7,183
Net result €7,183 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.21
Current ratio from 1.12 to 3.21.
23-06
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 6 acts read
About the unread acts
We know of 6 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
6 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, Wemmel · 2 establishment units since 2019
Ground area
1,994 m²
Building footprint
802 m²
Volume, LiDAR
9,010 m³
3 parcels, Brussels, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
143
companies at this address
See who is registered here
2 establishment units
OCN CORP
since 20192.293.840.954
OCN CORP
since 20212.323.817.815
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0408/00S005 | Flanders | 1,531 m² | 1 · 587 m² | 13.9 m · 4 fl. |
| 23602H0489/00P000 | Flanders | 363 m² | 1 · 128 m² | 9.6 m · 3 fl. |
| 21910E0123/00V006 | Brussels | 99 m² | 1 · 87 m² | 17.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,683 companies in sector 49330 we hold annual accounts for 2,299. 1,985 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
Founded24-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
Contact
E-mail
razzoukbelgium1030@gmail.comSchaarbeek
Phone
0466395946Schaarbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734848145
Also
9925:BE0734848145
Registered
12-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.