Oleander
ActiveSummary
Oleander has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €787,554 and a net result of €5,067. Equity is shrinking by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-12
Solvency89▲+34
Growth22=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 1.42 in 2024; short-term debt: 36.4% and cash: 25% of total assets), and 36.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
63.6%
Return on assets
0.4%
Age of the figures
9 mo
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
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
30 d early
2023
44 d early
2022
42 d early
2021
46 d early
2020
47 d early
2019
35 d early
← 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 38 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€235,110▼ 66.4%
2024 · €699,130
EBIT margin
-9.1%▼ 25.4pp
2024 · 16.4%
Net result
€5,067▼ 96.3%
2024 · €137,473
Working capital
€768,804▲ 0.7%
2024 · €763,737
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€6.0m▲ 68.0%€8.7m▲ 43.7%€1.1m▼ 87.3%€699,130▼ 36.5%€235,110▼ 66.4%
Operating result€1.4m▲ 36.8%€905,778▼ 36.4%€497,513▼ 45.1%€114,456▼ 77.0%-€21,322
Net result€1.0m▲ 36.0%€667,914▼ 34.9%€448,964▼ 32.8%€137,473▼ 69.4%€5,067▼ 96.3%
EBIT margin23.6%▼ 5.4pp10.5%▼ 13.2pp45.2%▲ 34.7pp16.4%▼ 28.8pp-9.1%▼ 25.4pp
Equity€4.8m▲ 27.4%€3.4m▼ 27.9%€1.9m▼ 45.0%€782,487▼ 58.7%€787,554▲ 0.6%
Total assets€10.4m▲ 47.2%€7.5m▼ 27.4%€4.8m▼ 36.8%€2.6m▼ 45.5%€1.2m▼ 52.3%
Debt€5.6m▲ 69.8%€4.1m▼ 27.0%€2.9m▼ 29.9%€1.8m▼ 36.8%€450,543▼ 75.1%
Working capital€4.8m▲ 27.0%€3.4m▼ 28.0%€1.9m▼ 45.3%€763,737▼ 59.3%€768,804▲ 0.7%
Why a figure moved sharply
- 2025 Turnover -66%, Net result -96%, Total assets -52% on 2024. Cause not known from the registers.
- 2024 Net result -69%, Equity -59% on 2023. Cause not known from the registers.
- 2023 Turnover -87% on 2022. Cause not known from the registers.
- 2021 Turnover +68% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21,322 after €114,456 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€18,750 =
Current assets
€1.2m ▼ 52.7%
Equity and liabilities €1.2m
Equity
€787,554 ▲ 0.6%
Debt
€450,543 ▼ 75.1%
Debt's share of the balance-sheet total falls from 69.8% to 36.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.71▲
2024 · 1.42
Quick ratio
1.09▲
2024 · 0.93
Debt to equity
0.57▼
2024 · 2.32
ROE
0.6%▼
2024 · 17.6%
ROA
0.4%▼
2024 · 5.3%
Debt ≤ 1 year
€450,543▼
2024 · €1.8m
Income taxes
€2,137▼
2024 · €47,169
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,040 companies that looked in July 2024 the way this one looks now, 0.3% 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
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% 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 497,058 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% | 1.6% |
| 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 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 6,040 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.0m | €2.5m | €619,830 | €162,708 | €38,313 | ▼ 76.5% |
| Turnover70 | €6.0m | €8.7m | €1.1m | €699,130 | €235,110 | ▼ 66.4% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €2.0m | -€6.2m | -€852,483 | -€716,044 | -€260,634 | ▲ 63.6% |
| Other operating income74 | €33,090 | €41,124 | €371,876 | €179,622 | €63,837 | ▼ 64.5% |
| Operating charges60/66A | €6.6m | €1.6m | €122,318 | €48,252 | €59,635 | ▲ 23.6% |
| Goods for resale, raw materials and consumables60 | €6.7m | €1.5m | €82,996 | €34,249 | €19,633 | ▼ 42.7% |
| Purchases600/8 | €6.7m | €1.5m | €82,996 | €34,249 | €19,633 | ▼ 42.7% |
| Services and other goods61 | €374,130 | €307,009 | €147,537 | €19,349 | €130,409 | ▲ 574% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€779,166 | -€222,747 | -€109,535 | -€6,455 | -€91,610 | ▼ 1,319% |
| Other operating charges640/8 | €290,761 | €36,813 | €1,319 | €1,108 | €1,203 | ▲ 8.6% |
| Operating profit (loss)9901 | €1.4m | €905,778 | €497,513 | €114,456 | -€21,322 | ▼ 119% |
| Financial income75/76B | €9,339 | €22,000 | €102,043 | €70,373 | €28,921 | ▼ 58.9% |
| Recurring financial income75 | €9,339 | €22,000 | €102,043 | €70,373 | €28,921 | ▼ 58.9% |
| Income from current assets751 | €8,226 | €22,000 | €102,043 | €70,373 | €28,921 | ▼ 58.9% |
| Other financial income752/9 | €1,114 | - | - | - | - | - |
| Financial charges65/66B | €66,026 | €37,200 | €394 | €188 | €394 | ▲ 110% |
| Recurring financial charges65 | €66,026 | €37,200 | €394 | €188 | €394 | ▲ 110% |
| Debt charges650 | €15,870 | €22,133 | €40 | - | - | - |
| Other financial charges652/9 | €50,155 | €15,067 | €353 | €188 | €394 | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €1.4m | €890,578 | €599,161 | €184,642 | €7,204 | ▼ 96.1% |
| Income taxes67/77 | €341,190 | €222,664 | €150,197 | €47,169 | €2,137 | ▼ 95.5% |
| Taxes670/3 | €341,190 | €222,664 | €150,197 | €47,169 | €2,137 | ▼ 95.5% |
| Profit (loss) for the period9904 | €1.0m | €667,914 | €448,964 | €137,473 | €5,067 | ▼ 96.3% |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €667,914 | €448,964 | €137,473 | €5,067 | ▼ 96.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.4m | €7.5m | €4.8m | €2.6m | €1.2m | ▼ 52.3% |
| Formation expenses20 | - | - | €0 | €0 | - | - |
| Fixed assets21/28 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Other financial fixed assets284/8 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Shares284 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Current assets29/58 | €10.4m | €7.5m | €4.7m | €2.6m | €1.2m | ▼ 52.7% |
| Stocks and contracts in progress3 | €8.3m | €2.3m | €1.6m | €897,248 | €728,224 | ▼ 18.8% |
| Stocks30/36 | €187,243 | €198,022 | €1.6m | €866,023 | €660,255 | ▼ 23.8% |
| Property held for sale35 | €187,243 | €198,022 | €1.6m | €866,023 | €660,255 | ▼ 23.8% |
| Contracts in progress37 | €8.1m | €2.2m | €31,225 | €31,225 | €67,970 | ▲ 118% |
| Amounts receivable within one year40/41 | €1.4m | €1.4m | €2.5m | €1.4m | €153,431 | ▼ 89.0% |
| Trade receivables40 | €153,166 | €9,077 | €1,594 | €7,118 | - | - |
| Other amounts receivable41 | €1.2m | €1.4m | €2.5m | €1.4m | €153,431 | ▼ 88.9% |
| Cash at bank and in hand54/58 | €620,999 | €3.7m | €605,887 | €199,626 | €309,900 | ▲ 55.2% |
| Deferred charges and accrued income490/1 | €26,645 | €21,437 | €70,471 | €85,336 | €27,791 | ▼ 67.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.4m | €7.5m | €4.8m | €2.6m | €1.2m | ▼ 52.3% |
| Equity10/15 | €4.8m | €3.4m | €1.9m | €782,487 | €787,554 | ▲ 0.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €4.7m | €3.4m | €1.8m | €714,287 | €719,354 | ▲ 0.7% |
| Amounts payable17/49 | €5.6m | €4.1m | €2.9m | €1.8m | €450,543 | ▼ 75.1% |
| Amounts payable within one year42/48 | €5.6m | €4.1m | €2.9m | €1.8m | €450,543 | ▼ 75.1% |
| Financial debts43 | €2.0m | - | - | - | - | - |
| Credit institutions430/8 | €2.0m | - | - | - | - | - |
| Trade debts44 | €3.5m | €2.0m | €858,456 | €528,747 | €429,307 | ▼ 18.8% |
| Suppliers440/4 | €3.5m | €2.0m | €858,456 | €528,747 | €429,307 | ▼ 18.8% |
| Advances received on contracts in progress46 | €56,183 | - | €5,100 | €15,300 | - | - |
| Taxes, remuneration and social security45 | €110,395 | €123,367 | €2,548 | €18,694 | €21,236 | ▲ 13.6% |
| Taxes450/3 | €110,395 | €123,367 | €2,548 | €18,694 | €21,236 | ▲ 13.6% |
| Other amounts payable47/48 | - | €2.0m | €2.0m | €1.3m | - | - |
| Accrued charges and deferred income492/3 | €3,752 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | €667,914 | €448,964 | €137,473 | €5,067 | ▼ 96.3% |
| Operating cash flow (approximation) | €1.0m | €667,914 | €448,964 | €137,473 | €5,067 | ▼ 96.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3.1m | -€3.1m | -€406,261 | €110,274 | ▲ 127% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €5,067 ▼96.3%
Net result drops to €5,067, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.0m ▲36%
Operating result €1.4m, net result €1.0m, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
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 17 acts read
About the unread acts
We know of 17 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
17 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, Gent · 1 establishment unit since 2013
Ground area
1.8 ha
Building footprint
2,149 m²
Volume, LiDAR
16,051 m³
Parcel 44062A0160/00E000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Oleander
since 20132.219.082.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0160/00E000 | Flanders | 1.8 ha | 1 · 2,148 m² | 10.0 m · 3 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
Windhoek
19 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- Windhoek
- ARTES GROUP
- CAAAP
- Oleander
Highest known parent: Windhoek. The sources do not say who stands above it.
Owners 2
- CAAAPparentSourceaccounts CAAAP 202599%
-
0.7%
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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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 4,226 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0526893211
Also
9925:BE0526893211
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.