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OILCO

Active
Public limited companyfounded 2007active for 19 yearsRue de la Croisette(H) 11, 7334 Saint-Ghislain, BelgiumKBO/BCE: BE 0892.207.681
Summary

OILCO has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of €1.1m. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 70% of 278 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Waste collection, recovery and disposal activities
NACE 38330Freight transport by road NACE 49410
2 sites
Size
€9.3mturnover 2025
Staff
32.3 FTE
Equity
€4.1m
Profit
€1.1m
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
Veolia Environnement S.A.
Holdings
1
  • Demisan SRLDirector · permanent representative Ivo De Vlieghere
Auditor: SRL REWISEAccounts 37 days early3 of 33 deeds read
Why 90raises riskLiquidity: current ratio 1.91, cash €371lowers riskSize: turnover €9.3m, 32.3 FTE, total assets €7.5mFounded in 2007Profit of €1.1m (financial year 2025)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 60% of its sector peers (NACE 38, small)
Financial strength · tick = 2024
Strong
Solvency 80+16
equity 54.7% of total assets
Liquidity 32-14
short-term debt 39.4% · cash 0.0%
Profitability 92-1
return on assets 15.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (200 companies, NACE 38, small)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● unchanged vs 11-2024lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026highest value 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.2%▼ -0.2 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.91, compared with 1.43 in 2024, above the usual 1.5; short-term debt: 39.4% and cash: 0% of total assets), and 45.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, small): better than 73% on solvency, 23% on liquidity, 92% on profitability and 52% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.91, cash €371
NBB · annual accounts
lowers risk · Size: turnover €9.3m, 32.3 FTE, total assets €7.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2007
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Profit of €1.1m (financial year 2025)
NBB · annual accounts
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 days early
2024
24 days early
2023
16 days early
2022
5 days early
2021
19 days early
2020
33 days early
2019
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignations & appointmentsPower of attorney
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: Among the best 20% on net resultsector median €148,592 · 276 companies €1.1m View
  • Controlled by Veolia Environnement S.A.the company in turn controls 1 companies parent View
  • Positive: 7 profitable years in a rowprofit 2025: €1.1m 7 years View
  • Caution: Result fell in 2025from €1.6m to €1.1m ▼ 28.3% View

By topic

Financials

Financial year
2025
Turnover
€9.3m
Profit
€1.1m
Solvency
54.7%
Turnover▼ 0.2%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
Veolia Environnement S.A.
Auditor
SRL REWISE
  • Demisan SRLDirector
Go to Board & ownership

Timeline

Events
25
Since
2009
Next accounts
by 31-07-2027
  1. 21-05-2025Reappointment: REWISE SRL (statutory auditor)
  2. 15-07-2024Annual accounts filed
  3. 23-02-2024Resignation: Christian Deltenre (director)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Waste collection, recovery and disposal activitiesNACE 38330
Founded
14-09-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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