Odiel Defraeye
ActiveSummary
Odiel Defraeye has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €433k and a net result of €25k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-17
Solvency58▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.89 in 2024; short-term debt: 31.4% and cash: 1.9% of total assets), and 66.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
33.1%
Return on assets
1.9%
Age of the figures
12 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €433k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
3 d early
2022
2 d late
2021
268 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€433k▲ 6.1%
2024 · €408k
2019: €624k
2020: €647k
2021: €674k
2022: €702k
2023: €384k
2024: €408k
2019 → 2025
Total assets
€1.31M▼ 6.4%
2024 · €1.40M
2019: €1.31M
2020: €1.25M
2021: €1.21M
2022: €1.18M
2023: €1.13M
2024: €1.40M
2019 → 2025
Net result
€25k▲ 3.7%
2024 · €24k
2019: €40k
2020: €22k
2021: €27k
2022: €28k
2023: €32k
2024: €24k
2019 → 2025
Working capital
€-55k▼ 17.6%
2024 · €-47k
2019: €-140k
2020: €-104k
2021: €-84k
2022: €-57k
2023: €-377k
2024: €-47k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€674k-€702k▲ 4.1%€384k▼ 45.3%€408k▲ 6.3%€433k▲ 6.1%
Operating result€46k-€45k▼ 0.9%€51k▲ 12.7%€44k▼ 14.3%€56k▲ 26.5%
Net result€27k-€28k▲ 0.7%€32k▲ 16.0%€24k▼ 24.9%€25k▲ 3.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.31M
Fixed assets
€952k ▼ 5.5%
Current assets
€355k ▼ 8.9%
Equity and liabilities €1.31M
Equity
€433k ▲ 6.1%
Debt
€875k ▼ 11.6%
Debt's share of the balance-sheet total falls from 70.8% to 66.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111k▲
2024 · €99k
Cash flow
€80k▲
2024 · €79k
Current ratio
0.87▼
2024 · 0.89
Debt to equity
2.02▼
2024 · 2.43
ROE
5.8%▼
2024 · 5.9%
ROA
1.9%▲
2024 · 1.7%
Interest coverage
3.17▼
2024 · 5.28
Debt ≤ 1 year
€411k▼
2024 · €437k
Debt > 1 year
€463k▼
2024 · €551k
Income taxes
€9k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.40M€1.31M▼
Fixed assets21/28€1.01M€952k▼
Tangible fixed assets22/27€1.01M€952k▼
Land and buildings22€1.01M€952k▼
Current assets29/58€390k€355k▼
Amounts receivable within one year40/41€366k€331k▼
Trade receivables40€4k-
Other amounts receivable41€362k€331k▼
Cash at bank and in hand54/58€18k€25k▲
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.31M▼
Equity10/15€408k€433k▲
Contributions10/11€298k€298k=
Reserves13€110k€135k▲
Non-distributable reserves130/1€31k€31k=
Reserves not available under the articles1311€31k€31k=
Tax-exempt reserves132€26k€26k=
Distributable reserves133€53k€78k▲
Amounts payable17/49€990k€875k▼
Amounts payable after more than one year17€551k€463k▼
Financial debts170/4€551k€463k▼
Amounts payable within one year42/48€437k€411k▼
Current portion of amounts payable after more than one year42€86k€88k▲
Financial debts43€8k€9k▲
Credit institutions430/8€8k€9k▲
Trade debts44€3k-
Suppliers440/4€3k-
Other amounts payable47/48€340k€314k▼
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€55k=
Other operating charges640/8€6k€6k▲
Gross operating margin9900€105k€117k▲
Operating profit (loss)9901€44k€56k▲
Financial income75/76B€7k€13k▲
Recurring financial income75€7k€13k▲
Financial charges65/66B€19k€35k▲
Recurring financial charges65€19k€35k▲
Profit (loss) for the period before taxes9903€32k€34k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€24k€25k▲
Profit (loss) for the period to be appropriated9905€24k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€25k▲
Transfer to equity691/2€24k€25k▲
To other reserves6921€24k€25k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
27-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 268 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €22k ▼44.7%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-08
State Gazette act
Board meeting · Demerger
Capital · Corporate purpose
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Roeselare
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Armoedestraat 188800 RoeselareGround area
2,140 m²
Building footprint
345 m²
Volume, LiDAR
2,699 m³
Parcel 36017A1003/00M000, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1003/00M000 | Flanders | 2,140 m² | 1 · 345 m² | 8.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionReceived in a demerger part of:MAREL
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 2,243 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2018
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.