OGF
ActiveSummary
OGF has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €282k and a net result of €7k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 50% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▼-31
Solvency56▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.86 in 2023; short-term debt: 69.3% and cash: 4.6% of total assets), and 69.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
29 d late
2022
395 d late
2021
61 d late
2020
3 d early
2019
66 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€282k▲ 2.5%
2023 · €275k
2018: €144klowest in 7 years
2019: €200k▲ +39.5% vs 2018
2020: €264k▲ +31.9% vs 2019
2021: €271k▲ +2.6% vs 2020
2022: €274k▲ +1.2% vs 2021
2023: €275k▲ +0.2% vs 2022
2024: €282k▲ +2.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€917k▲ 18.1%
2023 · €777k
2018: €692klowest in 7 years
2019: €809k▲ +16.9% vs 2018
2020: €774k▼ -4.3% vs 2019
2021: €760k▼ -1.8% vs 2020
2022: €765k▲ +0.6% vs 2021
2023: €777k▲ +1.5% vs 2022
2024: €917k▲ +18.1% vs 2023highest in 7 years
2018 → 2024
Net result
€7k▲ 1,174%
2023 · €535
2018: €3k
2019: €57k▲ +1883% vs 2018
2020: €64k▲ +12.8% vs 2019highest in 7 years
2021: €7k▼ -89.3% vs 2020
2022: €3k▼ -54.0% vs 2021
2023: €535▼ -83.0% vs 2022lowest in 7 years
2024: €7k▲ +1174% vs 2023
2018 → 2024
Working capital
€-122k▼ 102%
2023 · €-60k
2018: €-294klowest in 7 years
2019: €-10k▲ +96.5% vs 2018
2020: €25k▲ +339% vs 2019highest in 7 years
2021: €-19k▼ -179% vs 2020
2022: €-4k▲ +79.4% vs 2021
2023: €-60k▼ -1407% vs 2022
2024: €-122k▼ -102% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€264k-€271k▲ 2.6%€274k▲ 1.2%€275k▲ 0.2%€282k▲ 2.5%
2020: €264klowest in 5 years
2021: €271k▲ +2.6% vs 2020
2022: €274k▲ +1.2% vs 2021
2023: €275k▲ +0.2% vs 2022
2024: €282k▲ +2.5% vs 2023highest in 5 years
Operating result€71k-€15k▼ 78.9%€9k▼ 42.5%€4k▼ 53.8%€33k▲ 732%
2020: €71khighest in 5 years
2021: €15k▼ -78.9% vs 2020
2022: €9k▼ -42.5% vs 2021
2023: €4k▼ -53.8% vs 2022lowest in 5 years
2024: €33k▲ +732% vs 2023
Net result€64k-€7k▼ 89.3%€3k▼ 54.0%€535▼ 83.0%€7k▲ 1,174%
2020: €64khighest in 5 years
2021: €7k▼ -89.3% vs 2020
2022: €3k▼ -54.0% vs 2021
2023: €535▼ -83.0% vs 2022lowest in 5 years
2024: €7k▲ +1174% vs 2023
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 2024; 2024 is 732% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €917k
Fixed assets
€404k ▼ 3.3%
Current assets
€513k ▲ 42.9%
Equity and liabilities €917k
Equity
€282k ▲ 2.5%
Debt
€635k ▲ 26.6%
Debt's share of the balance-sheet total rises from 64.6% to 69.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▲
2023 · €25k
Cash flow
€28k▲
2023 · €22k
Current ratio
0.81▼
2023 · 0.86
Debt to equity
2.26▲
2023 · 1.83
ROE
2.4%▲
2023 · 0.2%
ROA
0.7%▲
2023 · 0.1%
Interest coverage
2.16▼
2023 · 6.82
Debt ≤ 1 year
€635k▲
2023 · €419k
Income taxes
€885
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€777k€917k▲
Fixed assets21/28€418k€404k▼
Tangible fixed assets22/27€380k€367k▼
Land and buildings22€374k€361k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€1k€705▼
Financial fixed assets28€37k€37k=
Current assets29/58€359k€513k▲
Amounts receivable within one year40/41€291k€375k▲
Trade receivables40€243k€243k▲
Other amounts receivable41€48k€132k▲
Cash at bank and in hand54/58-€42k
Deferred charges and accrued income490/1€68k€96k▲
Equity and liabilities
Total equity and liabilities10/49€777k€917k▲
Equity10/15€275k€282k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€254k€261k▲
Amounts payable17/49€502k€635k▲
Amounts payable after more than one year17€82k-
Financial debts170/4€82k-
Amounts payable within one year42/48€419k€635k▲
Financial debts43€12k€358k▲
Credit institutions430/8€12k-
Other loans439-€358k
Trade debts44€184k€168k▼
Suppliers440/4€184k€168k▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€219k€105k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€22k▲
Other operating charges640/8€9k€1k▼
Gross operating margin9900€34k€56k▲
Operating profit (loss)9901€4k€33k▲
Financial income75/76B€245-
Recurring financial income75€245-
Financial charges65/66B€4k€25k▲
Recurring financial charges65€4k€25k▲
Profit (loss) for the period before taxes9903€535€8k▲
Income taxes67/77-€885
Profit (loss) for the period9904€535€7k▲
Profit (loss) for the period to be appropriated9905€535€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€254k€261k▲
Profit (loss) brought forward from the previous period14P€254k€254k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €22k | €20k | €21k | €22k | ▲ 2.5% |
| Other operating charges640/8 | - | €8k | €8k | €9k | €1k | ▼ 88.8% |
| Gross operating margin9900 | €103k | €44k | €37k | €34k | €56k | ▲ 62.3% |
| Operating profit (loss)9901 | €71k | €15k | €9k | €4k | €33k | ▲ 732% |
| Financial income75/76B | - | €16 | €15 | €245 | - | - |
| Recurring financial income75 | €2 | €16 | €15 | €245 | - | - |
| Financial charges65/66B | - | €8k | €5k | €4k | €25k | ▲ 588% |
| Recurring financial charges65 | €7k | €8k | €5k | €4k | €25k | ▲ 588% |
| Profit (loss) for the period before taxes9903 | €64k | €7k | €3k | €535 | €8k | ▲ 1,340% |
| Income taxes67/77 | - | - | - | - | €885 | - |
| Profit (loss) for the period9904 | €64k | €7k | €3k | €535 | €7k | ▲ 1,174% |
| Profit (loss) for the period to be appropriated9905 | €64k | €7k | €3k | €535 | €7k | ▲ 1,174% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €774k | €760k | €765k | €777k | €917k | ▲ 18.1% |
| Fixed assets21/28 | €472k | €451k | €438k | €418k | €404k | ▼ 3.3% |
| Tangible fixed assets22/27 | €435k | €413k | €400k | €380k | €367k | ▼ 3.6% |
| Land and buildings22 | - | €405k | €393k | €374k | €361k | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €6k | €6k | €6k | €5k | ▼ 18.7% |
| Furniture and vehicles24 | - | €2k | €1k | €1k | €705 | ▼ 32.9% |
| Financial fixed assets28 | €37k | €37k | €37k | €37k | €37k | = |
| Current assets29/58 | €302k | €309k | €327k | €359k | €513k | ▲ 42.9% |
| Amounts receivable within one year40/41 | €209k | €230k | €252k | €291k | €375k | ▲ 29.1% |
| Trade receivables40 | - | €178k | €210k | €243k | €243k | ▲ 0.1% |
| Other amounts receivable41 | - | €53k | €42k | €48k | €132k | ▲ 176% |
| Cash at bank and in hand54/58 | €21k | €7k | €6k | - | €42k | - |
| Deferred charges and accrued income490/1 | - | €72k | €69k | €68k | €96k | ▲ 40.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €774k | €760k | €765k | €777k | €917k | ▲ 18.1% |
| Equity10/15 | €264k | €271k | €274k | €275k | €282k | ▲ 2.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €244k | €250k | €254k | €254k | €261k | ▲ 2.7% |
| Amounts payable17/49 | €510k | €489k | €490k | €502k | €635k | ▲ 26.6% |
| Amounts payable after more than one year17 | €232k | €158k | €158k | €82k | - | - |
| Financial debts170/4 | - | €158k | €158k | €82k | - | - |
| Amounts payable within one year42/48 | €277k | €329k | €331k | €419k | €635k | ▲ 51.5% |
| Current portion of amounts payable after more than one year42 | - | €74k | €0 | - | - | - |
| Financial debts43 | - | - | - | €12k | €358k | ▲ 2,845% |
| Credit institutions430/8 | - | - | - | €12k | - | - |
| Other loans439 | - | - | - | - | €358k | - |
| Trade debts44 | €112k | €132k | €158k | €184k | €168k | ▼ 8.8% |
| Suppliers440/4 | - | €132k | €158k | €184k | €168k | ▼ 8.8% |
| Taxes, remuneration and social security45 | - | €11k | €4k | €5k | €4k | ▼ 17.9% |
| Taxes450/3 | - | €11k | €4k | €5k | €4k | ▼ 17.9% |
| Other amounts payable47/48 | - | €112k | €168k | €219k | €105k | ▼ 51.7% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €7k | €3k | €535 | €7k | ▲ 1,174% |
| + Depreciation and write-downs630 | €22k | €22k | €20k | €21k | €22k | ▲ 2.5% |
| Operating cash flow (approximation) | €86k | €29k | €24k | €22k | €28k | ▲ 31.4% |
| Investment in fixed assets (approximation) | - | €1 | €-7k | €-909 | €-8k | ▼ 780% |
| Change in cash | - | €-14k | €-1k | - | - | - |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 395 days late
2023
31-12
Financial
Weakest financial yearnet €535 ▼83%
Net result drops to €535, the lowest in the series; recovery starts the following year.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €64k ▲12.8%
Operating result €71k, net result €64k, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €200k ▲39.5%
2 profitable years in a row build equity to €200k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2000
Ground area
1,646 m²
Building footprint
1,214 m²
Volume, LiDAR
5,731 m³
Parcel 44809I0600/00Z000, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Tuinwijklaan 79, 9000 Gent
since 20002.099.392.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0600/00Z000 | Flanders | 1,646 m² | 1 · 1,214 m² | 8.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,004 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
Founded18-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
Contact
E-mail
ottogarritsen@telenet.be
Scores and ratios are computed by Checked and are not a credit decision.