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OLEA

Active
Private limited company (pre-2019)founded 201510 yrs activeTervurenlaan 412, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0642.545.024
Summary

OLEA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €175,679 and a net result of €2,804. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
OLEAActiveChecked score 67/100
Risk analysis ReportCompare

Checked score

Score 2024
67 / 100
Healthy
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-4
Solvency61▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.67 in 2023; short-term debt: 27.5% and cash: 7.6% of total assets), but 64.2% 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+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 9 filings
Deviation from the deadline
2025
not confirmed
2024
22 d late
2023
61 d late
2022
30 d late
2021
30 d late
2020
20 d late
2019
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 October 2015, OLEA was incorporated.1 Total assets went from EUR 976,941 in 2018 to EUR 491,135 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?PANDO HOLDING · 15 companies How does this company compare with its sector?Sector benchmark

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,804▼ 84.4%
2023 · €17,972
Working capital
€116,495▲ 15.7%
2023 · €100,728
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€116,749▲ 61.1%€55,026▼ 52.9%€37,711▼ 31.5%€35,887▼ 4.8%€13,689▼ 61.9%
Net result€91,014within the sector's middle half▲ 134%€32,603within the sector's middle half▼ 64.2%€22,069within the sector's middle half▼ 32.3%€17,972within the sector's middle half▼ 18.6%€2,804within the sector's middle half▼ 84.4%
Equity€100,231below the sector's middle half▲ 987%€132,835below the sector's middle half▲ 32.5%€154,904within the sector's middle half▲ 16.6%€172,876within the sector's middle half▲ 11.6%€175,679within the sector's middle half▲ 1.6%
Total assets€842,594below the sector's middle half▼ 5.2%€813,268below the sector's middle half▼ 3.5%€708,536below the sector's middle half▼ 12.9%€591,594below the sector's middle half▼ 16.5%€491,135below the sector's middle half▼ 17.0%
Debt€742,363▼ 15.6%€680,433▼ 8.3%€553,632▼ 18.6%€418,718▼ 24.4%€315,455▼ 24.7%
Working capital€38,345within the sector's middle half€84,275within the sector's middle half▲ 120%€81,767within the sector's middle half▼ 3.0%€100,728within the sector's middle half▲ 23.2%€116,495within the sector's middle half▲ 15.7%
Solvency11.9%within the sector's middle half▲ 10.9pp16.3%within the sector's middle half▲ 4.4pp21.9%within the sector's middle half▲ 5.5pp29.2%within the sector's middle half▲ 7.4pp35.8%within the sector's middle half▲ 6.5pp
Current ratio1.24within the sector's middle half▲ 0.391.45within the sector's middle half▲ 0.211.44within the sector's middle half▼ 0.011.67within the sector's middle half▲ 0.231.86within the sector's middle half▲ 0.19
Return on assets (ROA)10.8%above the sector's middle half▲ 6.4pp4.0%within the sector's middle half▼ 6.8pp3.1%within the sector's middle half▼ 0.9pp3.0%within the sector's middle half▼ 0.1pp0.6%within the sector's middle half▼ 2.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2020: €116,749€116,749Net result 2020: €91,014€91,014Operating result 2021: €55,026€55,026Net result 2021: €32,603€32,603Operating result 2022: €37,711€37,711Net result 2022: €22,069€22,069Operating result 2023: €35,887€35,887Net result 2023: €17,972€17,972Operating result 2024: €13,689€13,689Net result 2024: €2,804€2,80420202021202220232024€0€10,000€20,000€30,000€40,000Operating result 2022: €37,711€37,700Net result 2022: €22,069€22,100Operating result 2023: €35,887€35,900Net result 2023: €17,972€18,000Operating result 2024: €13,689€13,700Net result 2024: €2,804€2,800202220232024
The operating result has fallen four years in a row; 2024 is 62% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €491,135
Fixed assets €239,397 ▼ 29.8%
Current assets €251,738 ▲ 0.4%
Equity and liabilities €491,135
Equity €175,679 ▲ 1.6%
Debt €315,455 ▼ 24.7%
Debt's share of the balance-sheet total falls from 70.8% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€115,131▼
2023 · €137,329
Cash flow
€104,246▼
2023 · €119,414
Debt to equity
1.80▼
2023 · 2.42
ROE
1.6%▼
2023 · 10.4%
Interest coverage
10.37▲
2023 · 7.67
Debt ≤ 1 year
€135,243▼
2023 · €150,027
Debt > 1 year
€107,080▼
2023 · €198,056
Income taxes
€91
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.4% went bankrupt
3.6% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,048 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€591,594€491,135▼
Fixed assets21/28€340,839€239,397▼
Tangible fixed assets22/27€340,839€239,397▼
Plant, machinery and equipment23€340,839€239,397▼
Current assets29/58€250,755€251,738▲
Amounts receivable within one year40/41€207,817€214,252▲
Trade receivables40€184,301€192,363▲
Other amounts receivable41€23,515€21,889▼
Cash at bank and in hand54/58€42,939€37,486▼
Equity and liabilities
Total equity and liabilities10/49€591,594€491,135▼
Equity10/15€172,876€175,679▲
Contributions10/11€40,020€40,020=
Profit (loss) carried forward14€132,856€135,659▲
Amounts payable17/49€418,718€315,455▼
Amounts payable after more than one year17€198,056€107,080▼
Financial debts170/4€93,350€33,396▼
Other amounts payable178/9€104,706€73,684▼
Amounts payable within one year42/48€150,027€135,243▼
Current portion of amounts payable after more than one year42€82,887€59,954▼
Trade debts44€1,488€1,116▼
Suppliers440/4€1,488€1,116▼
Taxes, remuneration and social security45€1,207€8,005▲
Taxes450/3€1,207€8,005▲
Other amounts payable47/48€64,444€66,168▲
Accrued charges and deferred income492/3€70,635€73,132▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101,442€101,442=
Other operating charges640/8€469€592▲
Gross operating margin9900€137,799€115,724▼
Operating profit (loss)9901€35,887€13,689▼
Financial income75/76B-€305
Recurring financial income75-€305
Financial charges65/66B€17,915€11,099▼
Recurring financial charges65€17,915€11,099▼
Profit (loss) for the period before taxes9903€17,972€2,895▼
Income taxes67/77-€91
Profit (loss) for the period9904€17,972€2,804▼
Profit (loss) for the period to be appropriated9905€17,972€2,804▼
Appropriation of the result
Profit (loss) to be appropriated9906€132,856€135,659▲
Profit (loss) brought forward from the previous period14P€114,884€132,856▲
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101,442€101,442€101,442€101,442€101,442=
Other operating charges640/8-€941€944€469€592▲ 26.3%
Gross operating margin9900€219,132€157,409€140,097€137,799€115,724▼ 16.0%
Operating profit (loss)9901€116,749€55,026€37,711€35,887€13,689▼ 61.9%
Financial income75/76B----€305-
Recurring financial income75€0---€305-
Financial charges65/66B-€22,423€15,642€17,915€11,099▼ 38.0%
Recurring financial charges65€25,735€22,423€15,642€17,915€11,099▼ 38.0%
Profit (loss) for the period before taxes9903€91,014€32,603€22,069€17,972€2,895▼ 83.9%
Income taxes67/77----€91-
Profit (loss) for the period9904€91,014€32,603€22,069€17,972€2,804▼ 84.4%
Profit (loss) for the period to be appropriated9905€91,014€32,603€22,069€17,972€2,804▼ 84.4%
Line20202021202220232024Change
Assets
Total assets20/58€842,594€813,268€708,536€591,594€491,135▼ 17.0%
Fixed assets21/28€645,165€543,723€442,281€340,839€239,397▼ 29.8%
Tangible fixed assets22/27€645,165€543,723€442,281€340,839€239,397▼ 29.8%
Plant, machinery and equipment23-€543,723€442,281€340,839€239,397▼ 29.8%
Current assets29/58€197,429€269,545€266,255€250,755€251,738▲ 0.4%
Amounts receivable within one year40/41€109,592€136,778€214,026€207,817€214,252▲ 3.1%
Trade receivables40-€136,271€213,520€184,301€192,363▲ 4.4%
Other amounts receivable41-€506€506€23,515€21,889▼ 6.9%
Cash at bank and in hand54/58€87,837€132,767€52,229€42,939€37,486▼ 12.7%
Equity and liabilities
Total equity and liabilities10/49€842,594€813,268€708,536€591,594€491,135▼ 17.0%
Equity10/15€100,231€132,835€154,904€172,876€175,679▲ 1.6%
Contributions10/11-€40,020€40,020€40,020€40,020=
Profit (loss) carried forward14€60,211€92,815€114,884€132,856€135,659▲ 2.1%
Amounts payable17/49€742,363€680,433€553,632€418,718€315,455▼ 24.7%
Amounts payable after more than one year17€583,279€461,024€318,005€198,056€107,080▼ 45.9%
Financial debts170/4-€273,775€176,237€93,350€33,396▼ 64.2%
Other amounts payable178/9-€187,249€141,768€104,706€73,684▼ 29.6%
Amounts payable within one year42/48€159,083€185,270€184,489€150,027€135,243▼ 9.9%
Current portion of amounts payable after more than one year42-€96,645€97,538€82,887€59,954▼ 27.7%
Trade debts44€2,178€0-€1,488€1,116▼ 25.0%
Suppliers440/4-€0-€1,488€1,116▼ 25.0%
Taxes, remuneration and social security45-€23,929€26,285€1,207€8,005▲ 563%
Taxes450/3-€23,929€26,285€1,207€8,005▲ 563%
Other amounts payable47/48-€64,696€60,665€64,444€66,168▲ 2.7%
Accrued charges and deferred income492/3-€34,139€51,139€70,635€73,132▲ 3.5%
Line20202021202220232024Change
Profit (loss) for the period9904€91,014€32,603€22,069€17,972€2,804▼ 84.4%
+ Depreciation and write-downs630€101,442€101,442€101,442€101,442€101,442=
Operating cash flow (approximation)€192,456€134,046€123,511€119,414€104,246▼ 12.7%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€44,930-€80,538-€9,290-€5,453▲ 41.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
22-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial Weakest financial yearnet €2,804 ▼84.4%
Net result drops to €2,804, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial Equity above €150,000Eq €154,904 ▲16.6%
5 profitable years in a row build equity to €154,904.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
20-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-12
Financial Highest result since 2018net €91,014 ▲134%
Operating result €116,749, net result €91,014, both a record.
31-12
Financial Equity above €100,000Eq €100,231 ▲987%
3 profitable years in a row build equity to €100,231.
21-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
2,170 m²
Building footprint
758 m²
Volume, LiDAR
10,042 m³
Parcel 21682C0149/00M002, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
82 companies at this address See who is registered here
1 establishment unit
Olea
Tervurenlaan 412, 1150 Sint-Pieters-WoluweProduction of electricity from non-renewable sources
since 20152.247.690.631
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21682C0149/00M002 Brussels 2,170 m² 1 · 758 m² 18.8 m · 5 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

Part of the group PANDO HOLDING 15 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. PANDO HOLDING 100%
  2. OLEA

Highest known parent: PANDO HOLDING. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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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Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded30-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
E-invoicing
Reachable via Peppol
Peppol ID 0208:0642545024
Registered 09-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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