Equity
€295,148 ▲ 10.5%
ODANA paid out €85,148 in dividends. That is 75% of the 2025 profit.
ODANA
Lifetime
8 annual accounts with figures on one time axispeak €1.0m (2022)
€239,638▼ 19.8%
peak €343,520 (2022)
€113,191▼ 28.7%
peak €546,511 (2022)
€295,148▲ 10.5%
€1.2m▲ 9.7%
peak 7.6 FTE (2022)
-not published
Board3 names since 2017
2 directorsWUIDAR Matthieu Francis Jean François Ghislain and 1 other
Documentsfilings and deeds
15-10-202676 days late
2025abbreviated format
Gross margin from €298,680 to €239,638Result from €158,742 to €113,191Dividend €85,148Cash from €28,968 to €269
Key points
from the 2025 annual accountsChecked score
49
Fair
Financially stronger than 36% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.2%● unchanged vs 12-2024
02-2025: 2.3%▲ +0.1 percentage points vs 01-2025
03-2025: 2.4%▲ +0.1 percentage points vs 02-2025
04-2025: 2.4%● unchanged vs 03-2025
05-2025: 2.4%● unchanged vs 04-2025
06-2025: 2.5%▲ +0.1 percentage points vs 05-2025
07-2025: 2.6%▲ +0.1 percentage points vs 06-2025
08-2025: 3.0%▲ +0.4 percentage points vs 07-2025
09-2025: 0.8%▼ -2.2 percentage points vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.7%▼ -0.1 percentage points vs 01-2026lowest value
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 1.3%▲ +0.4 percentage points vs 07-2026
09-2026: 1.6%▲ +0.3 percentage points vs 08-2026
10-2026: 3.7%▲ +2.1 percentage points vs 09-2026highest value
11-2026: 3.7%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.21, cash €269, halved
Last filed accounts filed 76 days late; 2 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €1.5m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 21% of them on solvency, 14% on liquidity, 55% on profitability and 56% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,684 companies had the same profile as ODANA has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ODANA itself is higher: 3.7% within 12 months. It rests on far more data about ODANA than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,684 companies, not a prediction for ODANA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.21 (1.2 in 2024), below the usual 1.5. Short-term debt is 51.4% and cash 0% of total assets. 80.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9974 sector peers (2025).
NBB · sector comparisonPosition among 9974 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
76 days late
2024
20 days late
2023
48 days late
2022
53 days early
2021
38 days early
2020
46 days late
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 accounts filed within 58 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0686836907
Demerger: NOVEWAY splits off to ATAUM
Company renamed from NOVEWAY to ODANA · Permanent representative: Matthieu WUIDAR · General meeting of 26-04-2023 · Gazette deed
Demerger proposal: NOVEWAY splits off to ATAUM
Appointment: 3R,LEBOUTTE & C° (rapport apports en nature scission partielle) · “gestion patrimoine immobilier” (deed in French) · Name change: ODANA · Board meeting of 13-03-2023 · Gazette deed
Change of role: WUIDAR Matthieu, from statutory manager to director
Permanent representative: WUIDAR Matthieu · “Toutes études techniques et activités d’ingénierie,études approfondies dans les domaines des énergies…” (deed in French) · Director discharge: WUIDAR Matthieu · General meeting of 05-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ODANA Marche-en-Famenne | €1.5m | €239,638 | 19.2% | - |
| VPS Projects & Services Zonnebeke | €1.4m | €212,185 | -3.2% | 4.2 |
| Elektro Steve De Witte Knokke-Heist | €1.4m | €218,378 | 3.3% | 1.3 |
| INSTALEC Roeselare | €1.4m | €285,552 | 30.5% | - |
| ENERGIEWEST Ichtegem | €1.5m | €302,291 | 89.8% | 1 |
| DOURO Oostkamp | €1.4m | €303,515 | 37.8% | 1.8 |
| Vandamme Joeri Services Houthulst | €1.3m | €298,689 | 54.5% | - |
These companies have the same main activity as ODANA: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.3m and €1.5m, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 27-12-2017Normal situation
- Activity
- General electrical installation workNACE 43211and 3 others
- Establishment unit
- 2.271.700.9036900 Marche-en-Famenne, since 27-12-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Insights on ODANA
ODANA files the abbreviated format. That format states no turnover. The gross margin rose from €12,179 in 2018 to €239,638 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ODANA
- What is the company number of ODANA?
- The company number of ODANA is 0686.836.907. The VAT number is the same number with BE in front: BE 0686.836.907.
- Where is ODANA based?
- The registered office is at Marche,Rue de la Plaine 8, 6900 Marche-en-Famenne.Company details
- What does ODANA do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of ODANA?
- ODANA is a private limited company (BV).
- When was ODANA founded?
- ODANA was founded on 27-12-2017.
- Is ODANA still active?
- Yes, ODANA is an active enterprise in the KBO register.
- How many employees does ODANA have?
- ODANA had an average of 7.6 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of ODANA?
- The turnover in financial year 2025 is ≈ €680,000. This figure is estimated from the gross margin of €239,638 and 57 comparable companies (NACE 43211). It probably lies between €510,000 and €830,000. In financial year 2023 turnover was €578,989.
- Is ODANA profitable?
- In financial year 2025, ODANA made a profit of €113,191.
- Where can I find the annual accounts of ODANA?
- ODANA filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ODANA due?
- ODANA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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