OLAF
ActiveSummary
OLAF has been active since 1962 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,947 and a net result of -€907. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+1
Solvency87▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.03 in 2024; short-term debt: 37.6% and cash: 0.1% of total assets), and 37.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
on the day
2023
30 d late
2022
on the day
2021
61 d late
2020
31 d early
2019
31 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 31 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€145,947▼ 0.6%
2024 · €146,854
Total assets
€233,851▲ 3.0%
2024 · €226,936
Net result
-€907▲ 60.1%
2024 · -€2,270
Working capital
-€85,696▼ 10.3%
2024 · -€77,697
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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-€2,733▼ 162%-€48,196▼ 1,663%-€1,312▲ 97.3%-€2,225▼ 69.7%-€832▲ 62.6%
Net result-€7,992below the sector's middle half▼ 585%-€48,241below the sector's middle half▼ 504%-€1,357below the sector's middle half▲ 97.2%-€2,270below the sector's middle half▼ 67.4%-€907below the sector's middle half▲ 60.1%
Equity€198,722above the sector's middle half▼ 3.9%€150,481within the sector's middle half▼ 24.3%€149,124within the sector's middle half▼ 0.9%€146,854within the sector's middle half▼ 1.5%€145,947within the sector's middle half▼ 0.6%
Total assets€269,756within the sector's middle half▲ 10.6%€218,172within the sector's middle half▼ 19.1%€223,493within the sector's middle half▲ 2.4%€226,936within the sector's middle half▲ 1.5%€233,851within the sector's middle half▲ 3.0%
Debt€71,034▲ 90.5%€67,691▼ 4.7%€74,369▲ 9.9%€80,082▲ 7.7%€87,904▲ 9.8%
Working capital-€22,180below the sector's middle half-€67,183below the sector's middle half▼ 203%-€73,610below the sector's middle half▼ 9.6%-€77,697below the sector's middle half▼ 5.6%-€85,696below the sector's middle half▼ 10.3%
Solvency73.7%above the sector's middle half▼ 11.1pp69.0%within the sector's middle half▼ 4.7pp66.7%within the sector's middle half▼ 2.2pp64.7%within the sector's middle half▼ 2.0pp62.4%within the sector's middle half▼ 2.3pp
Current ratio0.69below the sector's middle half▼ 0.670.01below the sector's middle half▼ 0.680.01below the sector's middle half=0.03below the sector's middle half▲ 0.020.03below the sector's middle half=
Return on assets (ROA)-3.0%below the sector's middle half▼ 2.5pp-22.1%below the sector's middle half▼ 19.1pp-0.6%below the sector's middle half▲ 21.5pp-1.0%below the sector's middle half▼ 0.4pp-0.4%below the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €832 in 2025 against €2,225 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233,851
Fixed assets
€231,643 ▲ 3.2%
Current assets
€2,208 ▼ 7.4%
Equity and liabilities €233,851
Equity
€145,947 ▼ 0.6%
Debt
€87,904 ▲ 9.8%
Debt's share of the balance-sheet total rises from 35.3% to 37.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,173▲
2024 · €2,958
Cash flow
€4,098▲
2024 · €2,913
Debt to equity
0.60▲
2024 · 0.55
ROE
-0.6%▲
2024 · -1.5%
Interest coverage
55.64▼
2024 · 65.73
Debt ≤ 1 year
€87,904▲
2024 · €80,082
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 12,321 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,215 | €3,238 | €3,656 | €5,183 | €5,005 | ▼ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €14,000 | - | - | - | - |
| Other operating charges640/8 | €2,985 | €3,048 | €3,338 | €3,458 | €3,565 | ▲ 3.1% |
| Gross operating margin9900 | €5,467 | -€27,910 | €5,683 | €6,416 | €7,738 | ▲ 20.6% |
| Operating profit (loss)9901 | -€2,733 | -€48,196 | -€1,312 | -€2,225 | -€832 | ▲ 62.6% |
| Financial charges65/66B | €50 | €45 | €45 | €45 | €75 | ▲ 66.7% |
| Recurring financial charges65 | €50 | €45 | €45 | €45 | €75 | ▲ 66.7% |
| Profit (loss) for the period before taxes9903 | -€2,783 | -€48,241 | -€1,357 | -€2,270 | -€907 | ▲ 60.1% |
| Income taxes67/77 | €5,209 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€7,992 | -€48,241 | -€1,357 | -€2,270 | -€907 | ▲ 60.1% |
| Transfer from tax-exempt reserves789 | €43,500 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €35,508 | -€48,241 | -€1,357 | -€2,270 | -€907 | ▲ 60.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269,756 | €218,172 | €223,493 | €226,936 | €233,851 | ▲ 3.0% |
| Fixed assets21/28 | €220,902 | €217,664 | €222,735 | €224,551 | €231,643 | ▲ 3.2% |
| Tangible fixed assets22/27 | €220,902 | €217,664 | €222,735 | €224,551 | €231,643 | ▲ 3.2% |
| Land and buildings22 | €220,902 | - | €222,735 | €224,551 | - | - |
| Other tangible fixed assets26 | - | €217,664 | - | - | €231,643 | - |
| Current assets29/58 | €48,854 | €508 | €759 | €2,385 | €2,208 | ▼ 7.4% |
| Stocks and contracts in progress3 | €34,483 | - | - | - | - | - |
| Stocks30/36 | €34,483 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €14,000 | - | - | €1,932 | - | - |
| Trade receivables40 | €14,000 | - | - | €1,932 | - | - |
| Cash at bank and in hand54/58 | €371 | €508 | €759 | €453 | €243 | ▼ 46.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,965 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269,756 | €218,172 | €223,493 | €226,936 | €233,851 | ▲ 3.0% |
| Equity10/15 | €198,722 | €150,481 | €149,124 | €146,854 | €145,947 | ▼ 0.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €347,237 | €347,237 | €347,237 | €347,237 | €347,237 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €345,377 | €345,377 | €347,237 | €347,237 | €347,237 | = |
| Profit (loss) carried forward14 | -€167,115 | -€215,356 | -€216,713 | -€218,983 | -€219,890 | ▼ 0.4% |
| Amounts payable17/49 | €71,034 | €67,691 | €74,369 | €80,082 | €87,904 | ▲ 9.8% |
| Amounts payable within one year42/48 | €71,034 | €67,691 | €74,369 | €80,082 | €87,904 | ▲ 9.8% |
| Trade debts44 | - | - | - | €771 | €898 | ▲ 16.6% |
| Suppliers440/4 | - | - | - | €771 | €898 | ▲ 16.6% |
| Taxes, remuneration and social security45 | €5,209 | €5,209 | - | - | - | - |
| Taxes450/3 | €5,209 | €5,209 | - | - | - | - |
| Other amounts payable47/48 | €65,825 | €62,482 | €74,369 | €79,312 | €87,006 | ▲ 9.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,992 | -€48,241 | -€1,357 | -€2,270 | -€907 | ▲ 60.1% |
| + Depreciation and write-downs630 | €5,215 | €3,238 | €3,656 | €5,183 | €5,005 | ▼ 3.4% |
| Operating cash flow (approximation) | -€2,777 | -€45,003 | €2,300 | €2,913 | €4,098 | ▲ 40.7% |
| Investment in fixed assets (approximation) | - | €0 | -€8,727 | -€7,000 | -€12,096 | ▼ 72.8% |
| Change in cash | - | €137 | €251 | -€305 | -€210 | ▲ 31.2% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€48,241
Net result drops to -€48,241, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Hasselt · 1 establishment unit since 1962
Ground area
1,479 m²
Building footprint
315 m²
Volume, LiDAR
2,552 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Truidersteenweg 111, 3500 Hasselt
since 19622.007.032.047
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0408/00T000 | Flanders | 1,148 m² | 1 · 179 m² | 9.9 m · 3 fl. |
| 71325F0496/00F000 | Flanders | 331 m² | 1 · 136 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 150 companies in sector 82910 we hold annual accounts for 78. 53 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1962
Fiscal year end31-12
Activities, NACEBEL 2025
82910Office administrative, office support and other business support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0401279003
Also
9925:BE0401279003
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.