Summary
OFTALMED has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,000. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 10% of 3,009 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
Equity
€15,000=
2024 · €15,000
Total assets
€305,055▲ 23.9%
2024 · €246,309
Net result
€262▼ 97.5%
2022 · €10,505
Working capital
€68,094▲ 186%
2024 · €23,841
Trend over the years
2021 to 2025, 5 financial years
The operating result recovers in 2025; 2025 is 52% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,973
2025
Net result€262
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€305,055
2025
Equity€15,000
2025
Debt€290,055
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€68,094
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.1%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency4.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.85
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)4.6
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 86, Human health activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result-€802-€13,680€4,239▼ 69.0%€3,920▼ 7.5%€5,973▲ 52.4%
Net result-€10,767below the sector's middle half-€10,505below the sector's middle half€262below the sector's middle half▼ 97.5%
Equity€4,233below the sector's middle half-€14,738below the sector's middle half▲ 248%€15,000below the sector's middle half▲ 1.8%€15,000below the sector's middle half=€15,000below the sector's middle half=
Total assets€446,861below the sector's middle half-€306,994below the sector's middle half▼ 31.3%€287,129below the sector's middle half▼ 6.5%€246,309below the sector's middle half▼ 14.2%€305,055below the sector's middle half▲ 23.9%
Debt€442,628-€292,255▼ 34.0%€272,129▼ 6.9%€231,309▼ 15.0%€290,055▲ 25.4%
Working capital-€75,407below the sector's middle half-€6,513below the sector's middle half€26,106below the sector's middle half▲ 301%€23,841below the sector's middle half▼ 8.7%€68,094within the sector's middle half▲ 186%
Solvency0.9%below the sector's middle half-4.8%below the sector's middle half▲ 3.9pp5.2%below the sector's middle half▲ 0.4pp6.1%below the sector's middle half▲ 0.9pp4.9%below the sector's middle half▼ 1.2pp
Current ratio0.74below the sector's middle half-1.09below the sector's middle half▲ 0.351.36within the sector's middle half▲ 0.271.28within the sector's middle half▼ 0.071.85within the sector's middle half▲ 0.57
Return on assets (ROA)-2.4%below the sector's middle half-3.4%below the sector's middle half▲ 5.8pp0.1%below the sector's middle half▼ 3.3pp
Staff (FTE)3.1within the sector's middle half-3.4within the sector's middle half▲ 9.7%3.3within the sector's middle half▼ 2.9%3.8within the sector's middle half▲ 15.2%4.6within the sector's middle half▲ 21.1%
above
within
below
the middle half of NACE 86, Human health activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305,055
Fixed assets
€156,866 ▲ 13.3%
Current assets
€148,190 ▲ 37.4%
Equity and liabilities €305,055
Equity
€15,000 =
Debt
€290,055 ▲ 25.4%
Debt's share of the balance-sheet total rises from 93.9% to 95.1%. Debt is higher.
Key figures and ratios
EBITDA
€58,132▲
2024 · €56,838
Debt to equity
19.34▲
2024 · 15.42
Interest coverage
9.52▼
2024 · 14.50
Debt ≤ 1 year
€80,095▼
2024 · €83,976
Debt > 1 year
€87,073▲
2024 · €66,189
Staff costs
€240,666▲
2024 · €197,921
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €155,054 | €171,375 | €190,137 | €197,921 | €240,666 | ▲ 21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,107 | €53,283 | €58,026 | €52,918 | €52,159 | ▼ 1.4% |
| Other operating charges640/8 | €871 | €4,981 | €5,972 | €6,189 | €8,628 | ▲ 39.4% |
| Gross operating margin9900 | €210,230 | €243,319 | €258,374 | €260,948 | €307,426 | ▲ 17.8% |
| Operating profit (loss)9901 | -€802 | €13,680 | €4,239 | €3,920 | €5,973 | ▲ 52.4% |
| Financial income75/76B | - | - | - | - | €133 | - |
| Recurring financial income75 | - | - | - | - | €133 | - |
| Financial charges65/66B | €9,965 | €3,175 | €3,977 | €3,920 | €6,106 | ▲ 55.8% |
| Recurring financial charges65 | €9,965 | €3,175 | €3,977 | €3,920 | €6,106 | ▲ 55.8% |
| Profit (loss) for the period before taxes9903 | -€10,767 | €10,505 | €262 | - | - | - |
| Profit (loss) for the period9904 | -€10,767 | €10,505 | €262 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€10,767 | €10,505 | €262 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €446,861 | €306,994 | €287,129 | €246,309 | €305,055 | ▲ 23.9% |
| Fixed assets21/28 | €237,062 | €226,279 | €187,600 | €138,492 | €156,866 | ▲ 13.3% |
| Tangible fixed assets22/27 | €237,062 | €226,279 | €187,600 | €138,492 | €156,866 | ▲ 13.3% |
| Plant, machinery and equipment23 | €99,572 | €70,844 | €59,120 | €35,619 | €16,171 | ▼ 54.6% |
| Furniture and vehicles24 | €1,812 | €1,386 | €960 | €1,882 | €1,185 | ▼ 37.0% |
| Leasing and similar rights25 | €135,678 | €154,049 | €127,520 | €100,991 | €139,510 | ▲ 38.1% |
| Current assets29/58 | €209,799 | €80,715 | €99,529 | €107,817 | €148,190 | ▲ 37.4% |
| Amounts receivable within one year40/41 | €25,722 | €9,197 | €11,631 | €15,172 | €10,599 | ▼ 30.1% |
| Trade receivables40 | €25,722 | €2,404 | €8,602 | €10,070 | €7,035 | ▼ 30.1% |
| Other amounts receivable41 | - | €6,793 | €3,029 | €5,102 | €3,564 | ▼ 30.1% |
| Cash at bank and in hand54/58 | €184,078 | €70,573 | €76,216 | €69,310 | €118,234 | ▲ 70.6% |
| Deferred charges and accrued income490/1 | - | €944 | €11,682 | €23,335 | €19,356 | ▼ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €446,861 | €306,994 | €287,129 | €246,309 | €305,055 | ▲ 23.9% |
| Equity10/15 | €4,233 | €14,738 | €15,000 | €15,000 | €15,000 | = |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€10,767 | -€262 | - | - | - | - |
| Amounts payable17/49 | €442,628 | €292,255 | €272,129 | €231,309 | €290,055 | ▲ 25.4% |
| Amounts payable after more than one year17 | €157,421 | €153,210 | €109,087 | €66,189 | €87,073 | ▲ 31.6% |
| Financial debts170/4 | €157,421 | €153,210 | €109,087 | €66,189 | €87,073 | ▲ 31.6% |
| Amounts payable within one year42/48 | €285,206 | €74,202 | €73,424 | €83,976 | €80,095 | ▼ 4.6% |
| Current portion of amounts payable after more than one year42 | €37,808 | €43,833 | €44,123 | €42,899 | €39,629 | ▼ 7.6% |
| Trade debts44 | €239,568 | €5,761 | €14,181 | €22,518 | €23,134 | ▲ 2.7% |
| Suppliers440/4 | €239,568 | €5,761 | €14,181 | €22,518 | €23,134 | ▲ 2.7% |
| Taxes, remuneration and social security45 | €7,519 | €11,929 | €13,858 | €16,047 | €15,804 | ▼ 1.5% |
| Taxes450/3 | - | €1,476 | €2,555 | €1,921 | €1,998 | ▲ 4.0% |
| Remuneration and social security454/9 | €7,519 | €10,453 | €11,302 | €14,125 | €13,807 | ▼ 2.3% |
| Other amounts payable47/48 | €312 | €12,679 | €1,262 | €2,512 | €1,528 | ▼ 39.2% |
| Accrued charges and deferred income492/3 | - | €64,843 | €89,618 | €81,145 | €122,887 | ▲ 51.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,767 | €10,505 | €262 | - | - | - |
| + Depreciation and write-downs630 | €55,107 | €53,283 | €58,026 | €52,918 | €52,159 | ▼ 1.4% |
| Operating cash flow (approximation) | €44,340 | €63,788 | €58,287 | €52,918 | €52,159 | ▼ 1.4% |
| Investment in fixed assets (approximation) | - | -€42,500 | -€19,347 | -€3,811 | -€70,533 | ▼ 1,751% |
| Change in cash | - | -€113,504 | €5,642 | -€6,906 | €48,924 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-04-2026 | 2026-00082736 |
| 31-12-2024 | abbreviated format | 25-07-2025 | 2025-00306331 |
| 31-12-2023 | abbreviated format | 24-07-2024 | 2024-00286576 |
| 31-12-2022 | abbreviated format | 27-07-2023 | 2023-00282361 |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20344580 |
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Of the 16,582 active companies whose main activity is specialist medical practice (NACE 86220), figures are known for 8,117. 2,869 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2025 · 1 entry · €1,220 awarded · €1,220 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.