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OKAY 1903

Active
Private limited company (pre-2019)founded 2018active for 8 yearsAbdijstraat 90, 9400 Ninove, BelgiumKBO/BCE: BE 0692.650.571
Summary

The computed 12-month bankruptcy probability of OKAY 1903 is 12.0% (high). The 2024 annual accounts show equity of €7,032 and a net result of €4,397. Equity is growing by about 106% per year across the filed financial years. Its solvency ranks better than 23% of 9,841 sector peers (NACE 41, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General construction of other non-residential buildings
NACE 41003
Size
€44,630total assets 2024
Equity
€7,032
Profit
€4,397
Turnover not published (micro format)
Financial health
31 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
12.0%
Structure
Accounts 79 days overdue0 of 1 deed read
Why 31raises risk1 financial year not filed after the legal deadline; latest accounts 124 days late; 2 of the last 3 lateFigures for financial year 2024 (filed 10-12-2025)No registered site in the KBOSector: Construction of residential and non-residential buildings (NACE 41)Show the evidence

Checked score

Score 2024
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 39% of its sector peers (NACE 41, micro)
Financial strength · tick = 2023
Weak
Solvency 41+3
equity 15.8% of total assets
Liquidity 5+3
short-term debt 84.2% · cash 1.0%
Profitability 62+19
return on assets 9.9%
Bankruptcy probability, 12 months
12.0% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,421 companies, NACE 41, micro)
Last 24 months 11-2024: 7.6% 12-2024: 7.6%● unchanged vs 11-2024 01-2025: 7.6%● unchanged vs 12-2024 02-2025: 7.6%● unchanged vs 01-2025 03-2025: 7.6%● unchanged vs 02-2025 04-2025: 7.6%● unchanged vs 03-2025 05-2025: 7.5%▼ -0.1 percentage points vs 04-2025 06-2025: 7.3%▼ -0.2 percentage points vs 05-2025lowest value 07-2025: 7.4%▲ +0.1 percentage points vs 06-2025 08-2025: 8.8%▲ +1.4 percentage points vs 07-2025 09-2025: 8.9%▲ +0.1 percentage points vs 08-2025 10-2025: 10.3%▲ +1.4 percentage points vs 09-2025 11-2025: 10.5%▲ +0.2 percentage points vs 10-2025 12-2025: 11.5%▲ +1.0 percentage point vs 11-2025 01-2026: 8.9%▼ -2.6 percentage points vs 12-2025 02-2026: 8.9%● unchanged vs 01-2026 03-2026: 9.0%▲ +0.1 percentage points vs 02-2026 04-2026: 9.0%● unchanged vs 03-2026 05-2026: 7.8%▼ -1.2 percentage points vs 04-2026 06-2026: 7.5%▼ -0.3 percentage points vs 05-2026 07-2026: 7.4%▼ -0.1 percentage points vs 06-2026 08-2026: 8.1%▲ +0.7 percentage points vs 07-2026 09-2026: 9.0%▲ +0.9 percentage points vs 08-2026 10-2026: 12.0%▲ +3.0 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.19, compared with 1.15 in 2023, below the usual 1.5; short-term debt: 84.2% and cash: 1% of total assets), and 84.2% 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 41, micro): better than 23% on solvency, 6% on liquidity, 34% on profitability and 93% on growth.

The bankruptcy probability was computed on 18-10-2026 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

Seven signals.
raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 124 days late; 2 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 10-12-2025)
NBB · annual accounts
raises risk · No registered site in the KBO
KBO · seat and establishments
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9841 sector peers (2024).
NBB · sector comparison
Position among 9841 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 79 days later.
NBB · 4 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline18-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-12-2025, 124 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filings
Deviation from the deadline
2025
not filed
2024
124 days late
2023
21 days late
2022
386 days late
2021
1220 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 438 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2021 · micro…
  3. Highest result from 2021 to 2024net €4,397 ▲873%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 79 days late View
  • Caution: Among the weakest 19% on equitysector median €45,440 · 9,853 companies €7,032 View
  • Total assets 20244 financial years filed €44,630 View

By topic

Financials

Financial year
2024
Total assets
€44,630
Profit
€4,397
Solvency
15.8%
Total assets▲ 120%
Net result
20212024
Go to Financials

Timeline

Events
6
Since
2023
  1. 21-08-2024Annual accounts filed
  2. 20-08-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Legal form
Private limited company (pre-2019)
Activity
General construction of other non-residential buildingsNACE 41003
Founded
16-03-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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