ODET
ActiveSummary
The computed 12-month bankruptcy probability of ODET is 1.6% (moderate). The 2024 annual accounts show negative equity (-€21,072) and a net result of €33,800. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 671 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
Profitability75▲+6
Solvency22▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.11 in 2023; short-term debt: 79% and cash: 24.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-3.1%
Return on assets
5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 671 sector peers (2024).
NBB · sector comparisonPosition among 671 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
51 d late
2022
88 d late
2021
5 d early
2020
5 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€21,072▲ 61.6%
2023 · -€54,872
Total assets
€681,540▲ 2.9%
2023 · €662,410
Net result
€33,800▲ 1,882%
2023 · €1,705
Working capital
-€367,356▲ 22.6%
2023 · -€474,853
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
Line20202021202220232024
Operating result-€14,711--€18,224▼ 23.9%-€17,424▲ 4.4%€4,622€36,518▲ 690%
Net result-€14,848--€22,064▼ 48.6%-€20,665▲ 6.3%€1,705€33,800▲ 1,882%
Equity-€13,848--€35,913▼ 159%-€56,577▼ 57.5%-€54,872▲ 3.0%-€21,072▲ 61.6%
Total assets€488,778-€568,908▲ 16.4%€679,841▲ 19.5%€662,410▼ 2.6%€681,540▲ 2.9%
Debt€502,626-€604,820▲ 20.3%€736,418▲ 21.8%€717,282▼ 2.6%€702,612▼ 2.0%
Working capital-€361,020--€359,688▲ 0.4%-€485,073▼ 34.9%-€474,853▲ 2.1%-€367,356▲ 22.6%
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 2021 the operating result has climbed three years in a row; 2024 is 690% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €681,540
Fixed assets
€510,198 ▼ 15.1%
Current assets
€171,342 ▲ 179%
Key figures and ratios
EBITDA
€73,822▲
2023 · €43,327
Cash flow
€71,104▲
2023 · €40,410
Solvency
-3.1%▲
2023 · -8.3%
Current ratio
0.32▲
2023 · 0.11
Debt to equity
-33.34▼
2023 · -13.07
ROA
5.0%▲
2023 · 0.3%
Interest coverage
27.16▲
2023 · 14.84
Debt ≤ 1 year
€538,698▲
2023 · €536,175
Debt > 1 year
€163,914▼
2023 · €181,107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 457 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
0.7%
went bankrupt
1.8%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 457 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €13,391 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €257 | €597 | €8,287 | €38,705 | €37,304 | ▼ 3.6% |
| Other operating charges640/8 | - | €442 | €970 | €715 | €838 | ▲ 17.3% |
| Gross operating margin9900 | -€14,006 | -€17,186 | -€8,167 | €44,042 | €74,660 | ▲ 69.5% |
| Operating profit (loss)9901 | -€14,711 | -€18,224 | -€17,424 | €4,622 | €36,518 | ▲ 690% |
| Financial income75/76B | - | €121 | €0 | €2 | €0 | ▼ 98.7% |
| Recurring financial income75 | €2 | €121 | €0 | €2 | €0 | ▼ 98.7% |
| Financial charges65/66B | - | €3,962 | €3,242 | €2,919 | €2,718 | ▼ 6.9% |
| Recurring financial charges65 | €139 | €3,962 | €3,242 | €2,919 | €2,718 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | -€14,848 | -€22,064 | -€20,665 | €1,705 | €33,800 | ▲ 1,882% |
| Profit (loss) for the period9904 | -€14,848 | -€22,064 | -€20,665 | €1,705 | €33,800 | ▲ 1,882% |
| Profit (loss) for the period to be appropriated9905 | -€14,848 | -€22,064 | -€20,665 | €1,705 | €33,800 | ▲ 1,882% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €488,778 | €568,908 | €679,841 | €662,410 | €681,540 | ▲ 2.9% |
| Fixed assets21/28 | €446,866 | €538,581 | €627,931 | €601,088 | €510,198 | ▼ 15.1% |
| Intangible fixed assets21 | €1,467 | €2,581 | €2,581 | €2,581 | €2,581 | = |
| Tangible fixed assets22/27 | €445,399 | €535,999 | €625,349 | €598,507 | €507,616 | ▼ 15.2% |
| Land and buildings22 | - | - | - | €514,898 | €488,072 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €3,995 | €3,308 | €4,099 | €2,449 | ▼ 40.3% |
| Furniture and vehicles24 | - | - | €88,060 | €79,511 | €17,096 | ▼ 78.5% |
| Assets under construction and advance payments27 | - | €532,005 | €533,981 | - | - | - |
| Current assets29/58 | €41,912 | €30,327 | €51,910 | €61,321 | €171,342 | ▲ 179% |
| Amounts receivable within one year40/41 | €3,631 | €4,017 | €267 | €791 | - | - |
| Trade receivables40 | - | €1,962 | - | - | - | - |
| Other amounts receivable41 | - | €2,055 | €267 | €791 | - | - |
| Cash at bank and in hand54/58 | €38,282 | €26,310 | €50,485 | €59,057 | €169,826 | ▲ 188% |
| Deferred charges and accrued income490/1 | - | - | €1,158 | €1,473 | €1,516 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €488,778 | €568,908 | €679,841 | €662,410 | €681,540 | ▲ 2.9% |
| Equity10/15 | -€13,848 | -€35,913 | -€56,577 | -€54,872 | -€21,072 | ▲ 61.6% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€14,848 | -€36,913 | -€57,577 | -€55,872 | -€22,072 | ▲ 60.5% |
| Amounts payable17/49 | €502,626 | €604,820 | €736,418 | €717,282 | €702,612 | ▼ 2.0% |
| Amounts payable after more than one year17 | €99,694 | €214,805 | €198,072 | €181,107 | €163,914 | ▼ 9.5% |
| Financial debts170/4 | - | €214,805 | €198,072 | €181,107 | €163,914 | ▼ 9.5% |
| Amounts payable within one year42/48 | €402,932 | €390,015 | €536,983 | €536,175 | €538,698 | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | - | €1,392 | €16,740 | €16,965 | €17,193 | ▲ 1.3% |
| Trade debts44 | €24,953 | €676 | €7,644 | €4,326 | €4,012 | ▼ 7.3% |
| Suppliers440/4 | - | €676 | €7,644 | €4,326 | €4,012 | ▼ 7.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €3,400 | - |
| Taxes450/3 | - | - | - | - | €3,400 | - |
| Other amounts payable47/48 | - | €387,947 | €512,599 | €514,884 | €514,093 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | - | €1,363 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,848 | -€22,064 | -€20,665 | €1,705 | €33,800 | ▲ 1,882% |
| + Depreciation and write-downs630 | €257 | €597 | €8,287 | €38,705 | €37,304 | ▼ 3.6% |
| Operating cash flow (approximation) | -€14,591 | -€21,468 | -€12,377 | €40,410 | €71,104 | ▲ 76.0% |
| Investment in fixed assets (approximation) | - | -€92,311 | -€97,637 | -€11,863 | €53,587 | ▲ 552% |
| Change in cash | - | -€11,972 | €24,175 | €8,572 | €110,768 | ▲ 1,192% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €33,800 ▲1,882%
Operating result €36,518, net result €33,800, both a record.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
31-12
Financial
Back to profitnet €1,705
Net result €1,705 after 3 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€22,064
Net result drops to -€22,064, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
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.
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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, Retie · 1 establishment unit since 2019
Ground area
4,374 m²
Building footprint
538 m²
Volume, LiDAR
2,976 m³
2 parcels, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ODET
since 20192.294.858.761
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036B0682/00G000 | Flanders | 2,256 m² | 1 · 288 m² | 12.5 m · 2 fl. |
| 13036A0657/00H000 | Flanders | 2,118 m² | 1 · 249 m² | 9.8 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRetie2.294.858.761
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,007 companies in sector 55203 we hold annual accounts for 693. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736440034
Also
9925:BE0736440034
Registered
04-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.