OLAERTS
ActiveSummary
OLAERTS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €754k and a net result of €7k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 62% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-5
Solvency74▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.56 in 2024; short-term debt: 29.2% and cash: 2.2% of total assets), but 51% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 47
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
29 d late
2023
22 d late
2022
29 d late
2021
25 d late
2020
12 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€754k▲ 1.0%
2024 · €747k
2018: €636k
2019: €675k
2020: €900k
2021: €677k
2022: €566k
2023: €696k
2024: €747k
2018 → 2025
Total assets
€1.54M▼ 7.0%
2024 · €1.66M
2018: €1.52M
2019: €1.83M
2020: €1.97M
2021: €1.95M
2022: €1.50M
2023: €1.62M
2024: €1.66M
2018 → 2025
Net result
€7k▼ 90.0%
2024 · €71k
2018: €62k
2019: €40k
2020: €225k
2021: €106k
2022: €11k
2023: €130k
2024: €71k
2018 → 2025
Working capital
€273k▼ 3.9%
2024 · €285k
2018: €372k
2019: €153k
2020: €543k
2021: €230k
2022: €118k
2023: €225k
2024: €285k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€677k-€566k▼ 16.4%€696k▲ 22.9%€747k▲ 7.2%€754k▲ 1.0%
Operating result€155k-€42k▼ 73.3%€185k▲ 344%€98k▼ 46.8%€16k▼ 84.2%
Net result€106k-€11k▼ 89.7%€130k▲ 1,084%€71k▼ 45.0%€7k▼ 90.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 84% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.54M
Fixed assets
€816k ▼ 5.7%
Current assets
€723k ▼ 8.5%
Equity and liabilities €1.54M
Equity
€754k ▲ 1.0%
Debt
€785k ▼ 13.6%
Debt's share of the balance-sheet total falls from 54.9% to 51.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▼
2024 · €193k
Cash flow
€108k▼
2024 · €166k
Current ratio
1.61▲
2024 · 1.56
Quick ratio
1.18▲
2024 · 1.14
Debt to equity
1.04▼
2024 · 1.22
ROE
0.9%▼
2024 · 9.6%
ROA
0.5%▼
2024 · 4.3%
Interest coverage
8.50▼
2024 · 14.19
Debt ≤ 1 year
€450k▼
2024 · €506k
Debt > 1 year
€336k▼
2024 · €403k
Income taxes
€4k▼
2024 · €22k
Staff costs
€397k▼
2024 · €408k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.66M€1.54M▼
Fixed assets21/28€865k€816k▼
Tangible fixed assets22/27€865k€816k▼
Land and buildings22€773k€708k▼
Plant, machinery and equipment23€64k€83k▲
Furniture and vehicles24€28k€24k▼
Financial fixed assets28€50€50=
Current assets29/58€791k€723k▼
Stocks and contracts in progress3€211k€190k▼
Stocks30/36€211k€190k▼
Amounts receivable within one year40/41€525k€495k▼
Trade receivables40€521k€471k▼
Other amounts receivable41€4k€23k▲
Current investments50/53€0-
Cash at bank and in hand54/58€50k€34k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.54M▼
Equity10/15€747k€754k▲
Contributions10/11€20k€20k=
Reserves13€727k€734k▲
Distributable reserves133€727k€734k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€909k€785k▼
Amounts payable after more than one year17€403k€336k▼
Financial debts170/4€78k€18k▼
Trade debts175€325k€318k▼
Amounts payable within one year42/48€506k€450k▼
Current portion of amounts payable after more than one year42€69k€60k▼
Trade debts44€137k€121k▼
Suppliers440/4€137k€121k▼
Taxes, remuneration and social security45€60k€42k▼
Taxes450/3€15k€0▼
Remuneration and social security454/9€45k€42k▼
Other amounts payable47/48€241k€227k▼
Accrued charges and deferred income492/3€7€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€408k€397k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€101k▲
Other operating charges640/8€10k€12k▲
Gross operating margin9900€611k€526k▼
Operating profit (loss)9901€98k€16k▼
Financial income75/76B€9k€9k▲
Recurring financial income75€9k€9k▲
Financial charges65/66B€14k€14k▲
Recurring financial charges65€14k€14k▲
Profit (loss) for the period before taxes9903€94k€11k▼
Income taxes67/77€22k€4k▼
Profit (loss) for the period9904€71k€7k▼
Profit (loss) for the period to be appropriated9905€71k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€7k▼
Transfer from equity791/2€21k€0▼
Transfer to equity691/2€71k€7k▼
To other reserves6921€71k€7k▼
Profit to be distributed694/7€21k€0▼
Return on contributions (dividend)694€21k€0▼
Social balance
Average headcount (FTE)90879.99.5▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €7k ▼90%
Net result drops to €7k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Highest result since 2018net €225k ▲468%
Operating result €304k, net result €225k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Genk · 1 establishment unit since 2002
Ground area
1,870 m²
Building footprint
175 m²
Volume, LiDAR
1,272 m³
Parcel 71305F0906/00S000, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Koerlostraat 50, 3600 Genk
since 20022.096.259.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F0906/00S000 | Flanders | 1,870 m² | 1 · 175 m² | 15.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 26,702 EUR awarded · 26,702 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,477 EUR | 7,477 EUR |
| 2024 | 1 | 8,937 EUR | 8,937 EUR |
| 2023 | 1 | 10,288 EUR | 10,288 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyGenk2.096.259.971
Dual-learning approval
2 live approvals · 8 endedWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 8 ended approvals
Aanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Aanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
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BE 0433.784.592
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BE 0795.360.210
Aartselaar · Eq €755,119
CLEMANIS
BE 0459.832.161
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HAMSTER
BE 0779.351.052
Veurne · Eq €756,068
Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 2,604 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.