OLACO
ActiveSummary
OLACO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€68,152) and a net result of €24,780. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 6% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+91
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.43 in 2024; short-term debt: 137.5% and cash: 2.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-52%
Return on assets
18.9%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 6%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-08-2026, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
118 d late
2024
23 d early
2023
on the day
2022
2 d early
2021
1 d early
2020
on the day
2019
on the day
← 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 13 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24,780
2024 · -€22,144
Working capital
-€94,681▲ 24.9%
2024 · -€126,098
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,316▲ 441%-€14,612-€41,013▼ 181%-€17,503▲ 57.3%€29,251
Net result€46,503above the sector's middle half▲ 1,735%-€13,708below the sector's middle half-€48,303below the sector's middle half▼ 252%-€22,144below the sector's middle half▲ 54.2%€24,780within the sector's middle half
Equity-€8,777below the sector's middle half▲ 84.1%-€22,485below the sector's middle half▼ 156%-€70,788below the sector's middle half▼ 215%-€92,932below the sector's middle half▼ 31.3%-€68,152below the sector's middle half▲ 26.7%
Total assets€199,081within the sector's middle half▲ 25.0%€186,883below the sector's middle half▼ 6.1%€152,936below the sector's middle half▼ 18.2%€153,768below the sector's middle half▲ 0.5%€131,100below the sector's middle half▼ 14.7%
Debt€207,858▼ 3.1%€209,368▲ 0.7%€223,724▲ 6.9%€246,700▲ 10.3%€199,252▼ 19.2%
Working capital-€26,955below the sector's middle half▲ 65.5%-€47,886below the sector's middle half▼ 77.7%-€100,332below the sector's middle half▼ 110%-€126,098below the sector's middle half▼ 25.7%-€94,681below the sector's middle half▲ 24.9%
Solvency-4.4%below the sector's middle half▲ 30.3pp-12.0%below the sector's middle half▼ 7.6pp-46.3%below the sector's middle half▼ 34.3pp-60.4%below the sector's middle half▼ 14.2pp-52.0%below the sector's middle half▲ 8.5pp
Current ratio0.81below the sector's middle half▲ 0.370.70below the sector's middle half▼ 0.100.48below the sector's middle half▼ 0.230.43below the sector's middle half▼ 0.050.47below the sector's middle half▲ 0.05
Return on assets (ROA)23.4%above the sector's middle half▲ 21.8pp-7.3%below the sector's middle half▼ 30.7pp-31.6%below the sector's middle half▼ 24.2pp-14.4%below the sector's middle half▲ 17.2pp18.9%above the sector's middle half▲ 33.3pp
Staff (FTE)2=2.3below the sector's middle half▲ 15.0%2below the sector's middle half▼ 13.0%2.1below the sector's middle half▲ 5.0%2.8within the sector's middle half▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €29,251 after a loss of €17,503 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131,100
Fixed assets
€45,456 ▼ 24.8%
Current assets
€85,645 ▼ 8.2%
Key figures and ratios
EBITDA
€44,265▲
2024 · -€3,848
Cash flow
€39,795▲
2024 · -€8,488
Quick ratio
0.05▼
2024 · 0.07
Debt to equity
-2.92▼
2024 · -2.65
Interest coverage
9.90▲
2024 · -0.79
Debt ≤ 1 year
€180,326▼
2024 · €219,396
Staff costs
€124,131▲
2024 · €96,075
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,798 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,435 | - | €1,188 | - | - | - |
| Remuneration, social security and pensions62 | €81,185 | €95,196 | €95,804 | €96,075 | €124,131 | ▲ 29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,207 | €12,910 | €13,083 | €13,656 | €15,014 | ▲ 9.9% |
| Other operating charges640/8 | €2,634 | €2,058 | €1,629 | €2,574 | €1,111 | ▼ 56.8% |
| Non-recurring operating charges66A | €1,500 | - | €183 | €1,453 | - | - |
| Gross operating margin9900 | €134,843 | €95,552 | €69,687 | €96,254 | €169,507 | ▲ 76.1% |
| Operating profit (loss)9901 | €36,316 | -€14,612 | -€41,013 | -€17,503 | €29,251 | ▲ 267% |
| Financial income75/76B | €21,401 | €6,233 | €149 | €214 | €1 | ▼ 99.6% |
| Recurring financial income75 | €21,401 | €6,233 | €149 | €214 | €1 | ▼ 99.6% |
| Financial charges65/66B | €3,601 | €5,329 | €7,440 | €4,854 | €4,471 | ▼ 7.9% |
| Recurring financial charges65 | €3,601 | €5,329 | €7,440 | €4,854 | €4,471 | ▼ 7.9% |
| Profit (loss) for the period before taxes9903 | €54,116 | -€13,708 | -€48,303 | -€22,144 | €24,780 | ▲ 212% |
| Income taxes67/77 | €7,613 | - | - | €1 | - | - |
| Profit (loss) for the period9904 | €46,503 | -€13,708 | -€48,303 | -€22,144 | €24,780 | ▲ 212% |
| Profit (loss) for the period to be appropriated9905 | €46,503 | -€13,708 | -€48,303 | -€22,144 | €24,780 | ▲ 212% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199,081 | €186,883 | €152,936 | €153,768 | €131,100 | ▼ 14.7% |
| Fixed assets21/28 | €86,198 | €73,288 | €61,195 | €60,470 | €45,456 | ▼ 24.8% |
| Intangible fixed assets21 | €84,706 | €72,157 | €59,608 | €47,059 | €34,510 | ▼ 26.7% |
| Tangible fixed assets22/27 | €1,130 | €769 | €1,224 | €13,048 | €10,583 | ▼ 18.9% |
| Furniture and vehicles24 | €414 | €177 | €758 | €2,734 | €1,543 | ▼ 43.6% |
| Other tangible fixed assets26 | €716 | €591 | €467 | €10,314 | €9,040 | ▼ 12.4% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €112,883 | €113,595 | €91,741 | €93,298 | €85,645 | ▼ 8.2% |
| Stocks and contracts in progress3 | €57,430 | €64,675 | €70,638 | €78,928 | €75,993 | ▼ 3.7% |
| Stocks30/36 | €57,430 | €64,675 | €70,638 | €78,928 | €75,993 | ▼ 3.7% |
| Amounts receivable within one year40/41 | €29,422 | €15,777 | €5,174 | €5,154 | €5,737 | ▲ 11.3% |
| Trade receivables40 | €6,977 | €3,730 | €1,687 | €1,457 | €1,212 | ▼ 16.8% |
| Other amounts receivable41 | €22,445 | €12,047 | €3,486 | €3,697 | €4,525 | ▲ 22.4% |
| Cash at bank and in hand54/58 | €25,762 | €32,309 | €14,981 | €8,638 | €3,448 | ▼ 60.1% |
| Deferred charges and accrued income490/1 | €269 | €834 | €948 | €578 | €467 | ▼ 19.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199,081 | €186,883 | €152,936 | €153,768 | €131,100 | ▼ 14.7% |
| Equity10/15 | -€8,777 | -€22,485 | -€70,788 | -€92,932 | -€68,152 | ▲ 26.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€27,369 | -€41,077 | -€89,380 | -€111,524 | -€86,744 | ▲ 22.2% |
| Amounts payable17/49 | €207,858 | €209,368 | €223,724 | €246,700 | €199,252 | ▼ 19.2% |
| Amounts payable after more than one year17 | €56,607 | €40,178 | €23,750 | €7,321 | - | - |
| Financial debts170/4 | €56,607 | €40,178 | €23,750 | €7,321 | - | - |
| Amounts payable within one year42/48 | €139,837 | €161,480 | €192,073 | €219,396 | €180,326 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | €17,373 | €16,429 | €16,429 | €17,321 | €8,220 | ▼ 52.5% |
| Financial debts43 | €4,489 | €4,516 | €21,450 | €8,244 | €9,216 | ▲ 11.8% |
| Credit institutions430/8 | €4,489 | €4,516 | €21,450 | €8,244 | €9,216 | ▲ 11.8% |
| Trade debts44 | €23,570 | €42,889 | €89,174 | €88,198 | €78,618 | ▼ 10.9% |
| Suppliers440/4 | €23,570 | €42,889 | €89,174 | €88,198 | €78,618 | ▼ 10.9% |
| Advances received on contracts in progress46 | €495 | €410 | €343 | €268 | - | - |
| Taxes, remuneration and social security45 | €25,716 | €21,769 | €19,373 | €21,714 | €25,268 | ▲ 16.4% |
| Taxes450/3 | €10,145 | €4,530 | €2,878 | €3,716 | €4,502 | ▲ 21.2% |
| Remuneration and social security454/9 | €15,571 | €17,239 | €16,495 | €17,998 | €20,766 | ▲ 15.4% |
| Other amounts payable47/48 | €68,194 | €75,468 | €45,304 | €83,651 | €59,004 | ▼ 29.5% |
| Accrued charges and deferred income492/3 | €11,413 | €7,709 | €7,901 | €19,983 | €18,926 | ▼ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,503 | -€13,708 | -€48,303 | -€22,144 | €24,780 | ▲ 212% |
| + Depreciation and write-downs630 | €13,207 | €12,910 | €13,083 | €13,656 | €15,014 | ▲ 9.9% |
| Operating cash flow (approximation) | €59,710 | -€798 | -€35,220 | -€8,488 | €39,795 | ▲ 569% |
| Investment in fixed assets (approximation) | - | €0 | -€990 | -€12,930 | €0 | ▲ 100% |
| Change in cash | - | €6,547 | -€17,328 | -€6,344 | -€5,190 | ▲ 18.2% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 118 days late
2025
30-09
Financial
Back to profitnet €24,780
Net result €24,780 after 3 loss-making years.
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Weakest financial yearnet -€48,303
Net result drops to -€48,303, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2019net €46,503 ▲1,735%
Operating result €36,316, net result €46,503, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Back to profitnet €2,534
Net result €2,534 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wavre · 1 establishment unit since 2000
Ground area
2,372 m²
Building footprint
1,301 m²
Volume, LiDAR
7,999 m³
Parcel 25772I0049/00T000, Wallonia · tallest building 18.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Chaussée de Huy 10, 1300 Wavre
since 20002.099.586.774
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772I0049/00T000 | Wallonia | 2,371 m² | 1 · 1,301 m² | 18.8 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- SAVOLDI & PARTNERS
- OLACO
Highest known parent: SAVOLDI & PARTNERS. The sources do not say who stands above it.
Owners 1
-
99.46%
Holdings 0
The accounts to 30-09-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-09-2025 of OLACO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 948 companies in sector 47792 we hold annual accounts for 185. 43 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-05-2000
Fiscal year end30-09
Activities, NACEBEL 2025
47792Retail sale of second-hand clothing
47793Retail sale of other second-hand goods, excluding clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471902228
Also
9925:BE0471902228
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.