OE39 Developments
ActiveSummary
The computed 12-month bankruptcy probability of OE39 Developments is 1.6% (moderate). The 2025 annual accounts show equity of €159,705 and a net result of €21,608. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 74% of 1325 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-3
Solvency77▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.62 in 2024; short-term debt: 48.5% and cash: 27% of total assets), and 48.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
51.5%
Return on assets
7%
Age of the figures
9 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 →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
60 d early
2024
61 d late
2023
71 d late
2022
60 d late
2021
60 d late
2020
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 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 (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. Usually files around 29 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€159,705▲ 15.6%
2024 · €138,097
Total assets
€310,071▲ 29.8%
2024 · €238,892
Net result
€21,608▼ 1.7%
2024 · €21,992
Working capital
-€11,181▲ 70.9%
2024 · -€38,411
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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-€5,821▲ 65.1%€12,908€28,336▲ 120%€28,119▼ 0.8%€31,499▲ 12.0%
Net result-€5,922within the sector's middle half▲ 64.6%€12,745within the sector's middle half€26,015above the sector's middle half▲ 104%€21,992within the sector's middle half▼ 15.5%€21,608above the sector's middle half▼ 1.7%
Equity€77,345within the sector's middle half▼ 7.1%€90,090within the sector's middle half▲ 16.5%€116,105within the sector's middle half▲ 28.9%€138,097within the sector's middle half▲ 18.9%€159,705within the sector's middle half▲ 15.6%
Total assets€127,965below the sector's middle half▲ 8.5%€353,135within the sector's middle half▲ 176%€397,801within the sector's middle half▲ 12.6%€238,892within the sector's middle half▼ 39.9%€310,071within the sector's middle half▲ 29.8%
Debt€50,620▲ 45.8%€263,045▲ 420%€281,696▲ 7.1%€100,795▼ 64.2%€150,366▲ 49.2%
Working capital-€31,453within the sector's middle half▼ 57.6%€34,163within the sector's middle half-€1,693within the sector's middle half-€38,411within the sector's middle half▼ 2,169%-€11,181within the sector's middle half▲ 70.9%
Solvency60.4%above the sector's middle half▼ 10.1pp25.5%within the sector's middle half▼ 34.9pp29.2%within the sector's middle half▲ 3.7pp57.8%above the sector's middle half▲ 28.6pp51.5%within the sector's middle half▼ 6.3pp
Current ratio0.38within the sector's middle half▼ 0.051.17within the sector's middle half▲ 0.790.99within the sector's middle half▼ 0.170.62within the sector's middle half▼ 0.380.93within the sector's middle half▲ 0.31
Return on assets (ROA)-4.6%within the sector's middle half▲ 9.6pp3.6%within the sector's middle half▲ 8.2pp6.5%within the sector's middle half▲ 2.9pp9.2%above the sector's middle half▲ 2.7pp7.0%above the sector's middle half▼ 2.2pp
Staff (FTE)0.10.8▲ 700%5.9▲ 638%
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €310,071
Fixed assets
€170,886 ▼ 3.2%
Current assets
€139,185 ▲ 123%
Equity and liabilities €310,071
Equity
€159,705 ▲ 15.6%
Debt
€150,366 ▲ 49.2%
Debt's share of the balance-sheet total rises from 42.2% to 48.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€52,971▲
2024 · €46,114
Cash flow
€43,080▲
2024 · €39,987
Quick ratio
0.87▲
2024 · 0.62
Debt to equity
0.94▲
2024 · 0.73
ROE
13.5%▼
2024 · 15.9%
Interest coverage
266.43▲
2024 · 176.83
Debt ≤ 1 year
€150,366▲
2024 · €100,795
Income taxes
€9,702▲
2024 · €5,875
Staff costs
€23,800▲
2024 · €4,006
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,137 | €4,006 | €23,800 | ▲ 494% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,787 | €9,989 | €11,205 | €17,995 | €21,472 | ▲ 19.3% |
| Other operating charges640/8 | €7,853 | €1,899 | €2,215 | €3,368 | €8,661 | ▲ 157% |
| Gross operating margin9900 | €9,818 | €24,796 | €42,893 | €53,489 | €85,433 | ▲ 59.7% |
| Operating profit (loss)9901 | -€5,821 | €12,908 | €28,336 | €28,119 | €31,499 | ▲ 12.0% |
| Financial income75/76B | €29 | €1 | €75 | €9 | €9 | ▲ 6.9% |
| Recurring financial income75 | €29 | €1 | €75 | €9 | €9 | ▲ 6.9% |
| Financial charges65/66B | €130 | €164 | €164 | €261 | €199 | ▼ 23.8% |
| Recurring financial charges65 | €130 | €164 | €164 | €261 | €199 | ▼ 23.8% |
| Profit (loss) for the period before taxes9903 | -€5,922 | €12,745 | €28,247 | €27,867 | €31,310 | ▲ 12.4% |
| Income taxes67/77 | - | - | €2,232 | €5,875 | €9,702 | ▲ 65.1% |
| Profit (loss) for the period9904 | -€5,922 | €12,745 | €26,015 | €21,992 | €21,608 | ▼ 1.7% |
| Profit (loss) for the period to be appropriated9905 | -€5,922 | €12,745 | €26,015 | €21,992 | €21,608 | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,965 | €353,135 | €397,801 | €238,892 | €310,071 | ▲ 29.8% |
| Fixed assets21/28 | €108,798 | €115,927 | €117,798 | €176,508 | €170,886 | ▼ 3.2% |
| Tangible fixed assets22/27 | €108,798 | €115,927 | €117,798 | €176,508 | €170,886 | ▼ 3.2% |
| Land and buildings22 | €106,494 | €98,169 | €101,363 | €138,375 | €130,619 | ▼ 5.6% |
| Plant, machinery and equipment23 | €990 | €4,813 | €3,412 | €2,149 | €1,124 | ▼ 47.7% |
| Furniture and vehicles24 | €1,315 | €953 | €7,023 | €35,983 | €39,144 | ▲ 8.8% |
| Assets under construction and advance payments27 | - | €11,992 | €6,000 | - | - | - |
| Current assets29/58 | €19,167 | €237,208 | €280,003 | €62,385 | €139,185 | ▲ 123% |
| Stocks and contracts in progress3 | - | €115,133 | €257,512 | - | €8,595 | - |
| Stocks30/36 | - | €115,133 | €257,512 | - | €8,595 | - |
| Amounts receivable within one year40/41 | €6,246 | €7,884 | €10,690 | €22,004 | €46,749 | ▲ 112% |
| Trade receivables40 | €4,547 | €6,000 | €8,750 | €21,933 | €34,894 | ▲ 59.1% |
| Other amounts receivable41 | €1,698 | €1,884 | €1,940 | €71 | €11,855 | ▲ 16,644% |
| Cash at bank and in hand54/58 | €12,921 | €114,191 | €11,800 | €40,381 | €83,724 | ▲ 107% |
| Deferred charges and accrued income490/1 | - | - | - | - | €116 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,965 | €353,135 | €397,801 | €238,892 | €310,071 | ▲ 29.8% |
| Equity10/15 | €77,345 | €90,090 | €116,105 | €138,097 | €159,705 | ▲ 15.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | - | - | €16,000 | €37,000 | €59,000 | ▲ 59.5% |
| Distributable reserves133 | - | - | €16,000 | €37,000 | €59,000 | ▲ 59.5% |
| Profit (loss) carried forward14 | -€22,655 | -€9,910 | €105 | €1,097 | €705 | ▼ 35.7% |
| Amounts payable17/49 | €50,620 | €263,045 | €281,696 | €100,795 | €150,366 | ▲ 49.2% |
| Amounts payable within one year42/48 | €50,620 | €203,045 | €281,696 | €100,795 | €150,366 | ▲ 49.2% |
| Trade debts44 | €4,051 | €12,813 | €15,716 | €14,850 | €76,946 | ▲ 418% |
| Suppliers440/4 | €4,051 | €12,813 | €15,716 | €14,850 | €76,946 | ▲ 418% |
| Advances received on contracts in progress46 | €2,302 | €2,119 | €2,618 | €4,071 | €7,143 | ▲ 75.5% |
| Taxes, remuneration and social security45 | €229 | €250 | €6,432 | €25,389 | €10,966 | ▼ 56.8% |
| Taxes450/3 | €229 | €250 | €5,295 | €24,192 | €9,196 | ▼ 62.0% |
| Remuneration and social security454/9 | - | - | €1,137 | €1,197 | €1,770 | ▲ 47.9% |
| Other amounts payable47/48 | €44,038 | €187,863 | €256,930 | €56,486 | €55,312 | ▼ 2.1% |
| Accrued charges and deferred income492/3 | - | €60,000 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,922 | €12,745 | €26,015 | €21,992 | €21,608 | ▼ 1.7% |
| + Depreciation and write-downs630 | €7,787 | €9,989 | €11,205 | €17,995 | €21,472 | ▲ 19.3% |
| Operating cash flow (approximation) | €1,865 | €22,734 | €37,220 | €39,987 | €43,080 | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | -€17,118 | -€13,076 | -€76,705 | -€15,851 | ▲ 79.3% |
| Change in cash | - | €101,270 | -€102,391 | €28,580 | €43,343 | ▲ 51.7% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €159,705 ▲15.6%
4 profitable years in a row build equity to €159,705.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
31-12
Financial
Highest result since 2020net €26,015 ▲104%
Net result €26,015, the highest in the series.
31-12
Financial
Equity above €100,000Eq €116,105 ▲28.9%
2 profitable years in a row build equity to €116,105.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €12,745
Net result €12,745 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.17
Current ratio from 0.38 to 1.17.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
09-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 70 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Eupen · 2 establishment units since 2020
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.
Oestrasse 394700 EupenGround area
474 m²
Parcel 63023B0149/00K000, Wallonia. Linked by address, not a title deed.
2 establishment units
OE39 Developments
since 20202.321.219.205
OE39 Developments
since 20202.321.219.304
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63023B0149/00K000indicative | Wallonia | 474 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AN DER STUFF
BE 0428.530.657
Martelange · Eq €160,053
MARANO
BE 0427.383.681
Sint-Agatha-Berchem · Eq €159,011
Yays Frankrijklei
BE 0769.440.226
Antwerpen · Eq €160,512
V. V. en T Schaefer
BE 0466.594.942
Genk · Eq €158,572
Gillis-Van Puyvelde
BE 0726.401.623
Stekene · Eq €161,364
Of 2,393 companies in sector 55100 we hold annual accounts for 1,517. 1,098 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
Founded21-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
41001General construction of residential buildings
62900Other information technology and computer services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741839172
Registered
16-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.