OD-SYSTEMS
ActiveSummary
OD-SYSTEMS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,957 and a net result of €27,631. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+15
Solvency46▲+39
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 6.54 in 2024; short-term debt: 47.7% and cash: 32.9% of total assets), but 78.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
21.3%
Return on assets
25.6%
Age of the figures
9 mo
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
42 d early
2023
on the day
2022
53 d early
2021
53 d early
2020
30 d late
2019
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,957
2024 · -€4,674
Total assets
€107,792▲ 313%
2024 · €26,076
Net result
€27,631▲ 461%
2024 · €4,930
Working capital
€33,983▲ 53.8%
2024 · €22,091
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Operating result€9,570-€753€6,764€39,075▲ 478%
Net result€6,761within the sector's middle half-€759within the sector's middle half€4,930within the sector's middle half€27,631within the sector's middle half▲ 461%
Equity-€15,606below the sector's middle half=-€8,845below the sector's middle half▲ 43.3%-€9,604below the sector's middle half▼ 8.6%-€4,674below the sector's middle half▲ 51.3%€22,957within the sector's middle half
Total assets€194,006below the sector's middle half▲ 2,155,517%€790below the sector's middle half€26,076below the sector's middle half▲ 3,200%€107,792below the sector's middle half▲ 313%
Debt€209,611▲ 1,242%€8,845▼ 95.8%€10,394▲ 17.5%€30,750▲ 196%€84,835▲ 176%
Working capital€160,349€22,091€33,983▲ 53.8%
Solvency-8.0%below the sector's middle half-17.9%below the sector's middle half21.3%within the sector's middle half▲ 39.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 478% above 2024 and is the highest result in the available series.
Balance-sheet composition
Assets €107,792
Fixed assets
€22,441
Current assets
€85,350
Equity and liabilities €107,792
Equity
€22,957
Debt
€84,835
Debt finances 78.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€39,455
Cash flow
€28,012
Current ratio
1.66▼
2024 · 6.54
Debt to equity
3.70▲
2024 · -6.58
ROE
120.4%
ROA
25.6%▲
2024 · 18.9%
Interest coverage
91.24
Debt ≤ 1 year
€51,367▲
2024 · €3,984
Debt > 1 year
€33,467▲
2024 · €26,766
Income taxes
€11,011▲
2024 · €1,668
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 5,049 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €380 | - |
| Other operating charges640/8 | - | - | €753 | €1,010 | €670 | ▼ 33.7% |
| Gross operating margin9900 | - | €9,570 | - | €7,774 | €40,125 | ▲ 416% |
| Operating profit (loss)9901 | - | €9,570 | -€753 | €6,764 | €39,075 | ▲ 478% |
| Financial charges65/66B | - | €998 | €6 | €167 | €432 | ▲ 160% |
| Recurring financial charges65 | - | €998 | €6 | €167 | €432 | ▲ 160% |
| Profit (loss) for the period before taxes9903 | - | €8,572 | -€759 | €6,597 | €38,642 | ▲ 486% |
| Income taxes67/77 | - | €1,811 | - | €1,668 | €11,011 | ▲ 560% |
| Profit (loss) for the period9904 | - | €6,761 | -€759 | €4,930 | €27,631 | ▲ 461% |
| Profit (loss) for the period to be appropriated9905 | - | €6,761 | -€759 | €4,930 | €27,631 | ▲ 461% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194,006 | - | €790 | €26,076 | €107,792 | ▲ 313% |
| Fixed assets21/28 | - | - | - | - | €22,441 | - |
| Tangible fixed assets22/27 | - | - | - | - | €22,441 | - |
| Furniture and vehicles24 | - | - | - | - | €22,441 | - |
| Current assets29/58 | €194,006 | - | €790 | €26,076 | €85,350 | ▲ 227% |
| Stocks and contracts in progress3 | €160,189 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €33,808 | - | - | €23,350 | €49,837 | ▲ 113% |
| Trade receivables40 | - | - | - | €19,588 | €41,641 | ▲ 113% |
| Other amounts receivable41 | - | - | - | €3,762 | €8,196 | ▲ 118% |
| Cash at bank and in hand54/58 | €9 | - | €790 | €2,726 | €35,514 | ▲ 1,203% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194,006 | - | €790 | €26,076 | €107,792 | ▲ 313% |
| Equity10/15 | -€15,606 | -€8,845 | -€9,604 | -€4,674 | €22,957 | ▲ 591% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | - | - | €10,557 | - |
| Distributable reserves133 | - | - | - | - | €10,557 | - |
| Profit (loss) carried forward14 | -€28,006 | -€21,245 | -€22,004 | -€17,074 | - | - |
| Amounts payable17/49 | €209,611 | €8,845 | €10,394 | €30,750 | €84,835 | ▲ 176% |
| Amounts payable after more than one year17 | €175,954 | €7,034 | €10,394 | €26,766 | €33,467 | ▲ 25.0% |
| Financial debts170/4 | - | €7,034 | €10,394 | €26,766 | €33,467 | ▲ 25.0% |
| Amounts payable within one year42/48 | €33,657 | €1,811 | - | €3,984 | €51,367 | ▲ 1,189% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,034 | - |
| Trade debts44 | - | - | - | €2,313 | €32,323 | ▲ 1,297% |
| Suppliers440/4 | - | - | - | €2,313 | €32,323 | ▲ 1,297% |
| Taxes, remuneration and social security45 | - | €1,811 | - | €1,671 | €11,011 | ▲ 559% |
| Taxes450/3 | - | €1,811 | - | €1,671 | €11,011 | ▲ 559% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €6,761 | -€759 | €4,930 | €27,631 | ▲ 461% |
| + Depreciation and write-downs630 | - | - | - | - | €380 | - |
| Operating cash flow (approximation) | - | €6,761 | -€759 | €4,930 | €28,012 | ▲ 468% |
| Change in cash | - | - | - | €1,936 | €32,788 | ▲ 1,594% |
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
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €27,631 ▲461%
Operating result €39,075, net result €27,631, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,930
Net result €4,930 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Liquidity times 1068current ratio 5.76
Current ratio from 0.01 to 5.76.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2010
Ground area
377 m²
Building footprint
353 m²
Volume, LiDAR
4,672 m³
Parcel 11303B0361/00T000, Flanders · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Home4all
since 20102.193.079.928
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0361/00T000 | Flanders | 377 m² | 1 · 353 m² | 20.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 4,207 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
Founded14-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829264579
Also
9925:BE0829264579
Registered
17-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.