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OIC

Active
Private limited companyfounded 2016active for 10 yearsVliegplein 47, 9991 Maldegem, BelgiumKBO/BCE: BE 0650.983.826

From the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

OIC has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €913,598 and a net result of €464,816. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 13% of 9,865 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, abbreviated format

Latest annual accounts filed

Annual accounts 2025

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Financial year ended
30-06-2025
Filed on
20-01-2026
Format
abbreviated format
Reference
2026-00010263
Turnover
≈ €9.0m
Estimated: probably between €6.9m and €12.0m
Total assets
€7.7m▲ 36.0%
2024 · €5.7m
Net result
€464,816▲ 13.4%
2024 · €409,907
Working capital
-€593,201▲ 20.5%
2024 · -€746,523
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.7m 2025 Net result€0.5m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction 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
Line2019202020212022202320242025
Operating result€0.1m-€0.2m▲ 49.0%€0.5m▲ 201%€0.2m▼ 61.2%€0.6m▲ 180%€0.6m▲ 11.6%€0.7m▲ 15.5%
Net result€0.09m-€0.1mabove the sector's middle half▲ 48.9%€0.4mabove the sector's middle half▲ 181%€0.1mwithin the sector's middle half▼ 66.1%€0.4mabove the sector's middle half▲ 212%€0.4mabove the sector's middle half▲ 2.3%€0.5mabove the sector's middle half▲ 13.4%
Equity€0.2m-€0.3mabove the sector's middle half▲ 84.8%€0.5mwithin the sector's middle half▲ 81.3%€0.4mwithin the sector's middle half▼ 20.0%€0.3mwithin the sector's middle half▼ 21.9%€0.4mwithin the sector's middle half▲ 34.8%€0.9mabove the sector's middle half▲ 104%
Total assets€0.6m-€1.1mabove the sector's middle half▲ 69.4%€2.8mabove the sector's middle half▲ 155%€4.0mabove the sector's middle half▲ 44.4%€5.0mabove the sector's middle half▲ 24.2%€5.7mabove the sector's middle half▲ 12.9%€7.7mabove the sector's middle half▲ 36.0%
Debt€0.5m-€0.8m▲ 64.4%€2.3m▲ 182%€3.6m▲ 59.5%€4.7m▲ 29.6%€5.2m▲ 11.4%€6.8m▲ 30.2%
Working capital-€0.004m-€0.02mwithin the sector's middle half€0.08mwithin the sector's middle half▲ 253%-€0.5mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 52.7%-€0.7mbelow the sector's middle half=-€0.6mbelow the sector's middle half▲ 20.5%
Solvency24.5%-26.8%within the sector's middle half▲ 2.2pp19.0%below the sector's middle half▼ 7.7pp10.5%below the sector's middle half▼ 8.5pp6.6%below the sector's middle half▼ 3.9pp7.9%below the sector's middle half▲ 1.3pp11.8%below the sector's middle half▲ 3.9pp
Current ratio0.98-1.05below the sector's middle half▲ 0.071.09below the sector's middle half▲ 0.040.63below the sector's middle half▼ 0.460.69below the sector's middle half▲ 0.060.75below the sector's middle half▲ 0.060.86below the sector's middle half▲ 0.12
Return on assets (ROA)14.0%-12.3%within the sector's middle half▼ 1.7pp13.5%above the sector's middle half▲ 1.2pp3.2%within the sector's middle half▼ 10.4pp8.0%within the sector's middle half▲ 4.8pp7.2%within the sector's middle half▼ 0.7pp6.0%within the sector's middle half▼ 1.2pp
Staff (FTE)5-5.8above the sector's middle half▲ 16.0%10.5within the sector's middle half▲ 81.0%16above the sector's middle half▲ 52.4%20.1above the sector's middle half▲ 25.6%23.7above the sector's middle half▲ 17.9%31.5above the sector's middle half▲ 32.9%
above within below the middle half of NACE 43, Specialised construction 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 or micro format does not require them. The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
  • 2021 Net result +181% on 2020. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.7m
Fixed assets €3.9m ▲ 13.2%
Current assets €3.8m ▲ 72.2%
Equity and liabilities €7.7m
Equity €913,598 ▲ 104%
Debt €6.8m ▲ 30.2%
Debt's share of the balance-sheet total falls from 92.1% to 88.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.2m▲
2024 · €1.0m
Cash flow
€925,006▲
2024 · €827,925
Quick ratio
0.77▲
2024 · 0.65
Debt to equity
7.45▼
2024 · 11.65
ROE
50.9%▼
2024 · 91.3%
Interest coverage
8.23▼
2024 · 8.50
Debt ≤ 1 year
€4.4m▲
2024 · €2.9m
Debt > 1 year
€2.4m▲
2024 · €2.3m
Income taxes
€155,977▲
2024 · €141,949
Staff costs
€1.9m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.8% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
2.1% stopped otherwise
96.8% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 2,609 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 20-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€5.7m€7.7m▲
Fixed assets21/28€3.5m€3.9m▲
Intangible fixed assets21€0.06m€0.08m▲
Tangible fixed assets22/27€3.4m€3.8m▲
Land and buildings22€2.4m€2.3m▼
Plant, machinery and equipment23€0.3m€0.5m▲
Furniture and vehicles24€0.09m€0.06m▼
Leasing and similar rights25€0.7m€1.0m▲
Financial fixed assets28-€0.03m
Current assets29/58€2.2m€3.8m▲
Stocks and contracts in progress3€0.3m€0.4m▲
Stocks30/36€0.3m€0.4m▲
Amounts receivable within one year40/41€0.3m€0.7m▲
Trade receivables40€0.2m€0.5m▲
Other amounts receivable41€0.07m€0.2m▲
Current investments50/53€0.3m€2▼
Cash at bank and in hand54/58€1.3m€2.6m▲
Deferred charges and accrued income490/1€0.06m€0.05m▼
Equity and liabilities
Total equity and liabilities10/49€5.7m€7.7m▲
Equity10/15€0.4m€0.9m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.4m€0.9m▲
Distributable reserves133€0.4m€0.9m▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€5.2m€6.8m▲
Amounts payable after more than one year17€2.3m€2.4m▲
Financial debts170/4€2.3m€2.4m▲
Amounts payable within one year42/48€2.9m€4.4m▲
Current portion of amounts payable after more than one year42€0.6m€0.6m▲
Financial debts43€0.003m€0.005m▲
Credit institutions430/8€0.003m€0.005m▲
Trade debts44€0.2m€0.6m▲
Suppliers440/4€0.2m€0.6m▲
Advances received on contracts in progress46€1.9m€2.9m▲
Taxes, remuneration and social security45€0.2m€0.3m▲
Taxes450/3€0.07m€0.1m▲
Remuneration and social security454/9€0.09m€0.2m▲
Other amounts payable47/48€0.02m€0▼
Accrued charges and deferred income492/3€0.003m€0▼
Income statement Code20242025
Non-recurring operating income76A€0.01m€0.006m▼
Remuneration, social security and pensions62€1.5m€1.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.5m▲
Other operating charges640/8€0.02m€0.02m▲
Non-recurring operating charges66A€0.04m€0.07m▲
Gross operating margin9900€2.6m€3.2m▲
Operating profit (loss)9901€0.6m€0.7m▲
Financial income75/76B€0.04m€0.04m▼
Recurring financial income75€0.04m€0.04m▼
Financial charges65/66B€0.1m€0.1m▲
Recurring financial charges65€0.1m€0.1m▲
Profit (loss) for the period before taxes9903€0.6m€0.6m▲
Income taxes67/77€0.1m€0.2m▲
Profit (loss) for the period9904€0.4m€0.5m▲
Profit (loss) for the period to be appropriated9905€0.4m€0.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.5m▲
Transfer from equity791/2€0.3m€0▼
Transfer to equity691/2€0.4m€0.5m▲
To other reserves6921€0.4m€0.5m▲
Profit to be distributed694/7€0.3m€0▼
Return on contributions (dividend)694€0.3m€0▼
Directors or managers695€0-
Social balance sheet
Average headcount (FTE)908723.731.5▲

The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line2019202020212022202320242025Change
Non-recurring operating income76A-----€0.01m€0.006m▼ 61.4%
Remuneration, social security and pensions62---€0.9m€1.2m€1.5m€1.9m▲ 30.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.07m€0.08m€0.2m€0.3m€0.3m€0.4m€0.5m▲ 10.1%
Other operating charges640/8---€0.01m€0.02m€0.02m€0.02m▲ 20.2%
Non-recurring operating charges66A----€0.002m€0.04m€0.07m▲ 90.9%
Gross operating margin9900€0.3m€0.5m€1.3m€1.4m€2.1m€2.6m€3.2m▲ 24.1%
Operating profit (loss)9901€0.1m€0.2m€0.5m€0.2m€0.6m€0.6m€0.7m▲ 15.5%
Financial income75/76B---€0.001m€0.002m€0.04m€0.04m▼ 18.2%
Recurring financial income75€0.003m€0.007m€0.007m€0.001m€0.002m€0.04m€0.04m▼ 18.2%
Financial charges65/66B---€0.06m€0.09m€0.1m€0.1m▲ 17.0%
Recurring financial charges65€0.01m€0.02m€0.06m€0.06m€0.09m€0.1m€0.1m▲ 17.0%
Profit (loss) for the period before taxes9903€0.1m€0.2m€0.5m€0.1m€0.5m€0.6m€0.6m▲ 12.5%
Income taxes67/77€0.02m€0.03m€0.09m€0.02m€0.08m€0.1m€0.2m▲ 9.9%
Profit (loss) for the period9904€0.09m€0.1m€0.4m€0.1m€0.4m€0.4m€0.5m▲ 13.4%
Transfer from tax-exempt reserves789---€0.03m€0---
Profit (loss) for the period to be appropriated9905€0.09m€0.1m€0.4m€0.2m€0.4m€0.4m€0.5m▲ 13.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.6m€1.1m€2.8m€4.0m€5.0m€5.7m€7.7m▲ 36.0%
Fixed assets21/28€0.5m€0.6m€1.8m€3.2m€3.4m€3.5m€3.9m▲ 13.2%
Intangible fixed assets21€0.05m€0.05m€0.05m€0.1m€0.1m€0.06m€0.08m▲ 27.2%
Tangible fixed assets22/27€0.4m€0.5m€1.8m€3.1m€3.2m€3.4m€3.8m▲ 12.0%
Land and buildings22---€2.2m€2.4m€2.4m€2.3m▼ 1.6%
Plant, machinery and equipment23---€0.2m€0.2m€0.3m€0.5m▲ 71.2%
Furniture and vehicles24---€0.1m€0.1m€0.09m€0.06m▼ 31.3%
Leasing and similar rights25---€0.5m€0.5m€0.7m€1.0m▲ 41.2%
Financial fixed assets28------€0.03m-
Current assets29/58€0.2m€0.5m€1.0m€0.8m€1.7m€2.2m€3.8m▲ 72.2%
Stocks and contracts in progress3€0.01m€0.04m€0.1m€0.1m€0.2m€0.3m€0.4m▲ 51.4%
Stocks30/36---€0.1m€0.2m€0.3m€0.4m▲ 51.4%
Amounts receivable within one year40/41€0.07m€0.2m€0.3m€0.2m€0.2m€0.3m€0.7m▲ 151%
Trade receivables40---€0.2m€0.2m€0.2m€0.5m▲ 138%
Other amounts receivable41---€333€0.001m€0.07m€0.2m▲ 191%
Current investments50/53€0.001m€0.001m€0.001m--€0.3m€2▼ 100.0%
Cash at bank and in hand54/58€0.09m€0.2m€0.6m€0.5m€1.3m€1.3m€2.6m▲ 96.2%
Deferred charges and accrued income490/1---€0.02m€0.02m€0.06m€0.05m▼ 12.2%
Equity and liabilities
Total equity and liabilities10/49€0.6m€1.1m€2.8m€4.0m€5.0m€5.7m€7.7m▲ 36.0%
Equity10/15€0.2m€0.3m€0.5m€0.4m€0.3m€0.4m€0.9m▲ 104%
Contributions10/11€0.01m€0-€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.1m€0.3m€0.5m€0.4m€0.3m€0.4m€0.9m▲ 108%
Non-distributable reserves130/1---€0.002m€0---
Reserves not available under the articles1311---€0.002m€0---
Tax-exempt reserves132---€0----
Distributable reserves133---€0.4m€0.3m€0.4m€0.9m▲ 108%
Profit (loss) carried forward14---€0€0€0€0-
Amounts payable17/49€0.5m€0.8m€2.3m€3.6m€4.7m€5.2m€6.8m▲ 30.2%
Amounts payable after more than one year17€0.3m€0.3m€1.4m€2.3m€2.3m€2.3m€2.4m▲ 6.6%
Financial debts170/4---€2.3m€2.3m€2.3m€2.4m▲ 6.6%
Amounts payable within one year42/48€0.2m€0.5m€0.9m€1.3m€2.4m€2.9m€4.4m▲ 48.7%
Current portion of amounts payable after more than one year42---€0.4m€0.4m€0.6m€0.6m▲ 4.5%
Financial debts43---€0.01m€0.002m€0.003m€0.005m▲ 67.4%
Credit institutions430/8---€0.01m€0.002m€0.003m€0.005m▲ 67.4%
Trade debts44€0.05m€0.3m€0.4m€0.6m€0.7m€0.2m€0.6m▲ 130%
Suppliers440/4---€0.6m€0.7m€0.2m€0.6m▲ 130%
Advances received on contracts in progress46---€0€0.7m€1.9m€2.9m▲ 48.3%
Taxes, remuneration and social security45---€0.1m€0.2m€0.2m€0.3m▲ 104%
Taxes450/3---€0.04m€0.1m€0.07m€0.1m▲ 71.4%
Remuneration and social security454/9---€0.08m€0.07m€0.09m€0.2m▲ 132%
Other amounts payable47/48---€0.2m€0.5m€0.02m€0▼ 100%
Accrued charges and deferred income492/3---€0.004m€0.006m€0.003m€0▼ 100%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€0.09m€0.1m€0.4m€0.1m€0.4m€0.4m€0.5m▲ 13.4%
+ Depreciation and write-downs630€0.07m€0.08m€0.2m€0.3m€0.3m€0.4m€0.5m▲ 10.1%
Operating cash flow (approximation)€0.2m€0.2m€0.6m€0.4m€0.7m€0.8m€0.9m▲ 11.7%
Investment in fixed assets (approximation)--€0.2m-€1.4m-€1.7m-€0.5m-€0.5m-€0.9m▼ 74.1%
Change in cash-€0.2m€0.3m-€0.06m€0.8m€0.08m€1.3m▲ 16×

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 20-01-2026 2026-00010263 PDF
30-06-2024 abbreviated format 28-01-2025 2025-00011952 PDF
30-06-2023 abbreviated format 18-12-2023 2023-00529653 PDF
30-06-2022 abbreviated format 12-12-2022 2022-20535452 PDF
30-06-2021 abbreviated format 12-01-2022 2022-00900136 PDF
30-06-2020 micro format 04-01-2021 2021-00100382 PDF
30-06-2019 micro format 30-01-2020 2020-03000086 PDF
30-06-2018 micro format 28-02-2019 2019-06400034 PDF
30-06-2017 abbreviated format 30-04-2018 2018-11500311 PDF

Similar companies · same sector, comparable size

Of the 19,852 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,320. 4,627 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 11 entries · €67,399 awarded · €66,804 paid
Year Entries AwardedPaid
2025 2 -€20,059€5,002
2024 2 €10,023€22,462
2023 4 €64,183€26,683
2022 3 €13,252€12,657
Schemes
4 entries · €35,504 · €35,504 paid · Departement Werk en Sociale Economie
3 entries · €24,939 · €24,939 paid · Fonds voor Innoveren en Ondernemen
1 entry · €4,500 · €4,500 paid · Vlaams Agentschap voor Internationaal Ondernemen
2 entries · €1,956 · €1,361 paid · Fonds voor Innoveren en Ondernemen
1 entry · €500 · €500 paid · Departement Werk en Sociale Economie

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.