ODESCO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 04-06-2024, 57 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
57 d early
2022
66 d early
2021
69 d early
2020
58 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 51 days before 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)
Financials · fiscal year 2023, abbreviated schema
Turnover
€170,000▼ 2.2%
2021 · €173,853
EBIT margin
-19.3%▼ 19.0pp
2021 · -0.3%
Net result
€116,037▲ 3,114%
2022 · €3,610
Working capital
€3.6m▲ 3.5%
2022 · €3.5m
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
Line20192020202120222023
Turnover€203,663€173,853▼ 14.6%€170,000▼ 2.2%
Operating result€164,776€28,336▼ 82.8%-€601-€32,810▼ 5,360%-€4,633▲ 85.9%
Net result€152,903€47,465▼ 69.0%€14,967▼ 68.5%€3,610▼ 75.9%€116,037▲ 3,114%
EBIT margin13.9%-0.3%▼ 14.3pp-19.3%▼ 19.0pp
Equity€3.4m▲ 4.7%€3.5m▲ 1.4%€3.5m▲ 0.4%€3.5m▲ 0.1%€3.6m▲ 3.3%
Total assets€3.4m▲ 4.8%€3.5m▲ 1.7%€3.5m▲ 1.6%€3.5m▲ 0.4%€3.7m▲ 4.9%
Debt€6,433▲ 81.6%€16,500▲ 156%€56,982▲ 245%€66,573▲ 16.8%€123,028▲ 84.8%
Working capital€3.4m▲ 19.5%€3.4m▲ 0.8%€3.4m▲ 0.7%€3.5m▲ 0.4%€3.6m▲ 3.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,633 in 2023 against €32,810 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.7m
Fixed assets
€5,571 ▼ 51.3%
Current assets
€3.7m ▲ 5.1%
Equity and liabilities €3.7m
Equity
€3.6m ▲ 3.3%
Debt
€123,028 ▲ 84.8%
Debt's share of the balance-sheet total rises from 1.9% to 3.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,965▲
2022 · -€24,344
Cash flow
€124,635▲
2022 · €12,075
Current ratio
30.12▼
2022 · 52.99
Debt to equity
0.03▲
2022 · 0.02
ROE
3.2%▲
2022 · 0.1%
ROA
3.1%▲
2022 · 0.1%
Interest coverage
20.48▲
2022 · -145.12
Debt ≤ 1 year
€123,028▲
2022 · €66,573
Income taxes
€47,537▲
2022 · €6,128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €203,663 | €173,853 | €170,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €167,075 | €195,796 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,745 | €7,459 | €8,727 | €8,465 | €8,598 | ▲ 1.6% |
| Other operating charges640/8 | - | - | €1,673 | €1,616 | €1,683 | ▲ 4.2% |
| Gross operating margin9900 | €170,289 | €37,555 | €9,798 | -€22,728 | €5,648 | ▲ 125% |
| Operating profit (loss)9901 | €164,776 | €28,336 | -€601 | -€32,810 | -€4,633 | ▲ 85.9% |
| Financial income75/76B | - | - | €32,300 | €42,716 | €168,401 | ▲ 294% |
| Recurring financial income75 | €31,065 | €31,071 | €32,300 | €42,716 | €168,401 | ▲ 294% |
| Financial charges65/66B | - | - | €160 | €168 | €194 | ▲ 15.4% |
| Recurring financial charges65 | €263 | €131 | €160 | €168 | €194 | ▲ 15.4% |
| Profit (loss) for the period before taxes9903 | €195,578 | €59,277 | €31,539 | €9,738 | €163,574 | ▲ 1,580% |
| Income taxes67/77 | €42,675 | €11,811 | €16,572 | €6,128 | €47,537 | ▲ 676% |
| Profit (loss) for the period9904 | €152,903 | €47,465 | €14,967 | €3,610 | €116,037 | ▲ 3,114% |
| Profit (loss) for the period to be appropriated9905 | €152,903 | €47,465 | €14,967 | €3,610 | €116,037 | ▲ 3,114% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.5m | €3.5m | €3.5m | €3.7m | ▲ 4.9% |
| Fixed assets21/28 | €8,709 | €28,442 | €19,914 | €11,448 | €5,571 | ▼ 51.3% |
| Tangible fixed assets22/27 | €8,709 | €28,442 | €19,914 | €11,448 | €5,571 | ▼ 51.3% |
| Furniture and vehicles24 | - | - | €19,914 | €11,448 | €5,571 | ▼ 51.3% |
| Current assets29/58 | €3.4m | €3.4m | €3.5m | €3.5m | €3.7m | ▲ 5.1% |
| Amounts receivable within one year40/41 | €3.4m | €3.4m | €3.4m | €3.5m | €3.7m | ▲ 5.0% |
| Trade receivables40 | - | - | €4,662 | - | €4,637 | - |
| Other amounts receivable41 | - | - | €3.4m | €3.5m | €3.7m | ▲ 4.9% |
| Cash at bank and in hand54/58 | €20,753 | €81,563 | €64,858 | €48,258 | €51,347 | ▲ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.5m | €3.5m | €3.5m | €3.7m | ▲ 4.9% |
| Equity10/15 | €3.4m | €3.5m | €3.5m | €3.5m | €3.6m | ▲ 3.3% |
| Contributions10/11 | €250,000 | - | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Non-distributable reserves130/1 | - | - | €25,000 | €25,000 | €25,000 | = |
| Reserves not available under the articles1311 | - | - | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €3.1m | €3.2m | €3.2m | €3.2m | €3.3m | ▲ 3.6% |
| Amounts payable17/49 | €6,433 | €16,500 | €56,982 | €66,573 | €123,028 | ▲ 84.8% |
| Amounts payable within one year42/48 | €6,433 | €16,500 | €56,982 | €66,573 | €123,028 | ▲ 84.8% |
| Trade debts44 | €6,333 | €7,671 | €2,966 | €8,573 | €2,512 | ▼ 70.7% |
| Suppliers440/4 | - | - | €2,966 | €8,573 | €2,512 | ▼ 70.7% |
| Taxes, remuneration and social security45 | - | - | €54,016 | €58,001 | €120,515 | ▲ 108% |
| Taxes450/3 | - | - | €9,471 | €18,610 | €54,657 | ▲ 194% |
| Remuneration and social security454/9 | - | - | €44,545 | €39,391 | €65,859 | ▲ 67.2% |
| Accrued charges and deferred income492/3 | - | - | €0 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €152,903 | €47,465 | €14,967 | €3,610 | €116,037 | ▲ 3,114% |
| + Depreciation and write-downs630 | €3,745 | €7,459 | €8,727 | €8,465 | €8,598 | ▲ 1.6% |
| Operating cash flow (approximation) | €156,648 | €54,924 | €23,694 | €12,075 | €124,635 | ▲ 932% |
| Investment in fixed assets (approximation) | - | -€27,191 | -€198 | €0 | -€2,721 | - |
| Change in cash | - | €60,809 | -€16,705 | -€16,600 | €3,088 | ▲ 119% |
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
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €152,903
Net result €152,903 after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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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Structure & network
Owners and holdings
2 ownersOwners 2
- Sourceaccounts CLdN 202350%
-
50%
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.