OLENSE KIPPEVERWERKING
ActiveSummary
OLENSE KIPPEVERWERKING has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.41M and a net result of €1.01M. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+15
Solvency95▲+14
Growth60▼-7
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450k at 30 days acceptable
Liquidity ample (current ratio 2.55 against 1.4 in 2023; short-term debt: 23.5% of total assets), and 30% 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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 2024Solvency, return and age of the figures
Solvency
70%
Return on assets
13%
Age of the figures
21 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 28-12-2024 was due by 28-07-2025 and was filed on 10-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
48 d early
2023
33 d early
2022
34 d early
2021
32 d early
2020
22 d early
2019
28 d late
2018
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€11.02M▼ 26.2%
2023 · €14.93M
2019: €12.75M
2020: €10.08M
2021: €12.92M
2022: €18.12M
2023: €14.93M
2019 → 2024
EBIT margin
10.0%▲ 6.0pp
2023 · 4.0%
2019: 1.6%
2020: 1.9%
2021: 11.6%
2022: 10.8%
2023: 4.0%
2019 → 2024
Net result
€1.01M▲ 74.8%
2023 · €575k
2018: €11k
2019: €-15k
2020: €-183k
2021: €1.20M
2022: €1.46M
2023: €575k
2018 → 2024
Working capital
€2.80M▲ 153%
2023 · €1.11M
2018: €-1.14M
2019: €-1.27M
2020: €-3.47M
2021: €-1.72M
2022: €403k
2023: €1.11M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€10.08M-€12.92M▲ 28.2%€18.12M▲ 40.2%€14.93M▼ 17.6%€11.02M▼ 26.2%
Equity€1.27M-€2.44M▲ 92.3%€3.88M▲ 58.9%€4.43M▲ 14.2%€5.41M▲ 22.2%
Operating result€195k-€1.50M▲ 670%€1.95M▲ 30.1%€592k▼ 69.7%€1.10M▲ 85.4%
Net result€-183k-€1.20M€1.46M▲ 22.4%€575k▼ 60.7%€1.01M▲ 74.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 85% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.72M
Fixed assets
€3.11M ▼ 23.6%
Current assets
€4.61M ▲ 19.0%
Equity and liabilities €7.72M
Equity
€5.41M ▲ 22.2%
Debt
€2.31M ▼ 34.3%
Debt's share of the balance-sheet total falls from 44.3% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.05M▲
2023 · €1.59M
Cash flow
€1.96M▲
2023 · €1.58M
Current ratio
2.55▲
2023 · 1.40
Quick ratio
2.13▲
2023 · 0.99
Debt to equity
0.43▼
2023 · 0.80
ROE
18.6%▲
2023 · 13.0%
ROA
13.0%▲
2023 · 7.2%
Interest coverage
81.72▲
2023 · 52.64
Debt ≤ 1 year
€1.81M▼
2023 · €2.77M
Debt > 1 year
€482k▼
2023 · €753k
Income taxes
€346k▲
2023 · €181k
Staff costs
€992k▼
2023 · €1.08M
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 · 2024 against 2023 · 69 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.95M€7.72M▼
Fixed assets21/28€4.07M€3.11M▼
Intangible fixed assets21€122k€74k▼
Tangible fixed assets22/27€3.95M€3.03M▼
Land and buildings22€1.89M€1.77M▼
Plant, machinery and equipment23€1.25M€732k▼
Furniture and vehicles24€7k€2k▼
Leasing and similar rights25€801k€526k▼
Financial fixed assets28€50€50=
Other financial fixed assets284/8€50€50=
Amounts receivable and cash guarantees285/8€50€50=
Current assets29/58€3.88M€4.61M▲
Stocks and contracts in progress3€1.13M€753k▼
Stocks30/36€1.13M€753k▼
Raw materials and consumables30/31€129k€100k▼
Finished goods33€1.00M€653k▼
Amounts receivable within one year40/41€2.72M€3.85M▲
Trade receivables40€1.57M€757k▼
Other amounts receivable41€1.15M€3.10M▲
Cash at bank and in hand54/58€157-
Deferred charges and accrued income490/1€21k€7k▼
Equity and liabilities
Total equity and liabilities10/49€7.95M€7.72M▼
Equity10/15€4.43M€5.41M▲
Contributions10/11€1.50M€1.50M=
Profit (loss) carried forward14€2.86M€3.86M▲
Investment grants15€67k€45k▼
Amounts payable17/49€3.52M€2.31M▼
Amounts payable after more than one year17€753k€482k▼
Financial debts170/4€753k€482k▼
Leasing and similar obligations172€753k€482k▼
Amounts payable within one year42/48€2.77M€1.81M▼
Current portion of amounts payable after more than one year42€267k€271k▲
Trade debts44€2.24M€1.37M▼
Suppliers440/4€2.24M€1.37M▼
Taxes, remuneration and social security45€253k€155k▼
Taxes450/3€80k€23k▼
Remuneration and social security454/9€173k€133k▼
Other amounts payable47/48€6k€14k▲
Accrued charges and deferred income492/3€2k€20k▲
Income statement
Code20232024
Operating income70/76A€14.74M€11.33M▼
Turnover70€14.93M€11.02M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-375k€-351k▲
Other operating income74€184k€663k▲
Operating charges60/66A€14.15M€10.23M▼
Goods for resale, raw materials and consumables60€6.56M€4.51M▼
Purchases600/8€6.58M€4.48M▼
Change in stocks: decrease (increase)609€-22k€29k▲
Services and other goods61€5.44M€3.71M▼
Remuneration, social security and pensions62€1.08M€992k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.00M€956k▼
Other operating charges640/8€65k€61k▼
Operating profit (loss)9901€592k€1.10M▲
Financial income75/76B€195k€279k▲
Recurring financial income75€195k€279k▲
Income from current assets751€169k€255k▲
Other financial income752/9€26k€24k▼
Financial charges65/66B€31k€26k▼
Recurring financial charges65€31k€26k▼
Debt charges650€30k€25k▼
Other financial charges652/9€850€789▼
Profit (loss) for the period before taxes9903€756k€1.35M▲
Income taxes67/77€181k€346k▲
Taxes670/3€200k€346k▲
Tax adjustments and reversals of tax provisions77€19k-
Profit (loss) for the period9904€575k€1.01M▲
Profit (loss) for the period to be appropriated9905€575k€1.01M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.86M€3.86M▲
Profit (loss) brought forward from the previous period14P€2.28M€2.86M▲
Social balance
Average headcount (FTE)908713.813.7▼
The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-12
Financial
Equity above €5MEq €5.41M ▲22.2%
4 profitable years in a row build equity to €5.41M.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.46M ▲22.4%
Operating result €1.95M, net result €1.46M, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.20M
Net result €1.20M after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.44M ▲92.3%
Equity rises from €1.27M to €2.44M.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-183k
Net result drops to €-183k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Denderleeuw · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Fabriekstraat 29470 DenderleeuwGround area
8.7 ha
Building footprint
1.2 ha
Volume, LiDAR
89,397 m³
2 parcels, Flanders · tallest building 19.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
OLEKI
since 20132.218.225.692
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41011A1228/00P002 | Flanders | 7.5 ha | 1 · 1,821 m² | 19.6 m · 2 fl. |
| 13029F0425/00B000 | Flanders | 1.1 ha | 1 · 1.0 ha | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOlen2.218.225.692
Similar companies · same sector, comparable size
CALIBRA
BE 0414.807.038
Roeselare · Eq €5.40M
WILKI
BE 0436.025.787
Ravels · Eq €5.56M
SCHILDERMANS PLUIMVEESLACHTERIJ EN VLEESVERWERKING
BE 0439.128.205
Bree · Eq €5.96M
TEKER
BE 0454.934.255
Charleroi · Eq €6.10M
VANDAELE & CO
BE 0405.423.673
Oostrozebeke · Eq €4.62M
Of 107 companies in sector 10120 we hold annual accounts for 82. 32 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
Founded16-04-2013
Fiscal year end28-12
Abbreviation NL
OLEKI
Activities, NACEBEL 2025
10120Manufacture of food products
46322Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesE-mail:koen.vandenbroucke@darlingii.com
E-mail:wim@cominbel.be
Phone:09 363 93 33
Fax:09 363 93 48