OLEON
ActiveFinancials · financial year 2024, full format, standalone accounts, 2025 accounts filed
Annual accounts 2025 filed on 29-06-2026 at the NBB Consolidated accounts 2025 at the NBB all 74 filings
The accounts were filed without the standard format.
Turnover
€713.4m▼ 5.9%
2023 · €757.9m
EBIT margin
1.5%▲ 2.2pp
2023 · -0.7%
Net result
€14.5m
2023 · -€2.9m
Working capital
€115.9m▼ 30.8%
2023 · €167.4m
In the rankings
#1 employer in East Flanders, Chemicals sector#1 company by total assets in East Flanders, Chemicals sector#1 company by equity in Evergem
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
€713.4m
▼ 5.9%
2024
20182024
Operating result
€10.7m
2024
20182024
Net result
€14.5m
2024
highest quarter of the sector
20182024
EBIT margin
1.5%
▲ 2.2pp
2024
20182024
Equity
€233.9m
▲ 4.0%
2024
highest quarter of the sector
20182024
Total assets
€602.5m
▲ 22.9%
2024
highest quarter of the sector
20182024
Debt
€366.0m
▲ 39.6%
2024
20182024
Working capital
€115.9m
▼ 30.8%
2024
highest quarter of the sector
20182024
Solvency
38.8%
▼ 7.1pp
2024
middle half of the sector
20182024
Current ratio
1.63
▼ 0.44
2024
middle half of the sector
20182024
Return on assets (ROA)
2.4%
▲ 3.0pp
2024
middle half of the sector
20182024
Staff (FTE)
571
▲ 3.9%
2024
highest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€610.3m-€564.3m▼ 7.5%€544.9m▼ 3.4%€746.2m▲ 37.0%€1,023.7m▲ 37.2%€757.9m▼ 26.0%€713.4m▼ 5.9%
Operating result€18.0m-€14.9m▼ 17.1%-€5.6m€43.6m€112.2m▲ 157%-€5.0m€10.7m
Net result€12.4m-€16.5m▲ 33.8%€11.4mabove the sector's middle half▼ 31.0%€41.3mabove the sector's middle half▲ 262%€82.9mabove the sector's middle half▲ 101%-€2.9mbelow the sector's middle half€14.5mabove the sector's middle half
EBIT margin3.0%-2.6%▼ 0.3pp-1.0%▼ 3.7pp5.8%▲ 6.9pp11.0%▲ 5.1pp-0.7%▼ 11.6pp1.5%▲ 2.2pp
Equity€161.2m-€175.9m▲ 9.1%€187.3mabove the sector's middle half▲ 6.5%€203.7mabove the sector's middle half▲ 8.8%€236.1mabove the sector's middle half▲ 15.9%€225.0mabove the sector's middle half▼ 4.7%€233.9mabove the sector's middle half▲ 4.0%
Total assets€326.9m-€315.2m▼ 3.6%€319.4mabove the sector's middle half▲ 1.4%€429.2mabove the sector's middle half▲ 34.3%€626.0mabove the sector's middle half▲ 45.9%€490.2mabove the sector's middle half▼ 21.7%€602.5mabove the sector's middle half▲ 22.9%
Debt€163.3m-€135.6m▼ 16.9%€128.9m▼ 5.0%€221.2m▲ 71.7%€380.3m▲ 71.9%€262.1m▼ 31.1%€366.0m▲ 39.6%
Working capital€45.2m-€62.8m▲ 39.0%€78.8mabove the sector's middle half▲ 25.4%€80.1mabove the sector's middle half▲ 1.7%€254.8mabove the sector's middle half▲ 218%€167.4mabove the sector's middle half▼ 34.3%€115.9mabove the sector's middle half▼ 30.8%
Solvency49.3%-55.8%▲ 6.5pp58.6%within the sector's middle half▲ 2.8pp47.5%within the sector's middle half▼ 11.2pp37.7%within the sector's middle half▼ 9.8pp45.9%within the sector's middle half▲ 8.2pp38.8%within the sector's middle half▼ 7.1pp
Current ratio1.28-1.46▲ 0.191.62within the sector's middle half▲ 0.151.37within the sector's middle half▼ 0.252.09within the sector's middle half▲ 0.732.07within the sector's middle half▼ 0.031.63within the sector's middle half▼ 0.44
Return on assets (ROA)3.8%-5.2%▲ 1.5pp3.6%within the sector's middle half▼ 1.7pp9.6%within the sector's middle half▲ 6.1pp13.2%above the sector's middle half▲ 3.6pp-0.6%below the sector's middle half▼ 13.8pp2.4%within the sector's middle half▲ 3.0pp
Staff (FTE)496.8-503.2▲ 1.3%507.4above the sector's middle half▲ 0.8%512.6above the sector's middle half▲ 1.0%529.8above the sector's middle half▲ 3.4%549.4above the sector's middle half▲ 3.7%571above the sector's middle half▲ 3.9%
above
within
below
The sector band is the middle half of the companies in Manufacture of chemicals and chemical products (NACE 20). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a profit of €10.7m, after a loss of €5.0m in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €602.5m
Fixed assets
€302.0m ▲ 82.3%
Current assets
€300.5m ▼ 7.4%
Equity and liabilities €602.5m
Equity
€233.9m ▲ 4.0%
Provisions
€2.6m ▼ 17.8%
Debt
€366.0m ▲ 39.6%
Debt's share of the balance-sheet total rises from 53.5% to 60.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30.0m▲
2023 · €12.8m
Cash flow
€33.8m▲
2023 · €14.9m
Quick ratio
0.74▼
2023 · 1.23
Debt to equity
1.57▲
2023 · 1.17
ROE
6.2%▲
2023 · -1.3%
Interest coverage
4.25▲
2023 · 2.06
Debt ≤ 1 year
€184.5m▲
2023 · €157.1m
Debt > 1 year
€172.5m▲
2023 · €100.2m
Income taxes
€1.1m▲
2023 · €415,520
Customer credit
49 days▼
2023 · 49 days
Supplier credit
126 days▲
2023 · 113 days
Staff costs
€79.1m▲
2023 · €73.5m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 535 | 568 | 602 |
| full-time | 419 | 441 | 482 |
| part-time | 116 | 127 | 120 |
| in full-time equivalents | 510.9 | 540.4 | 576.3 |
| Average over the year, in full-time equivalents | 512.6 | 529.8 | 571 |
| On a permanent contract | 532 | 565 | 602 |
| Joined | 30 | 77 | 49 |
| Left | 37 | 39 | 37 |
| Agency workers, average number | 7.4 | 7.5 | 5.8 |
| Training hours | 15,111 | 31,738 | 1,430 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Guarantees given for others' debts | - | - | €18.1m | €18.1m |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €12.3m | €18.9m | €33.6m | €36.4m |
| Intangible fixed assets | €3.0m | €3.7m | €4.6m | €5.9m |
| Financial fixed assets | €19.3m | - | €7.5m | €113.4m |
| Depreciation and write-downs of the year | €15.6m | €14.5m | €17.8m | €19.3m |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fee for the audit | €123,996 | €145,258 | €142,813 | €180,789 |
| Other work by the auditor | €15,000 | €21,557 | - | €12,500 |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Group figures
OLEON heads a group. The consolidated accounts add up the company and its subsidiaries.
| Item | 2020 | 2023 |
|---|---|---|
| Turnover | €613.4m | €872.8m |
| Operating result | €3.7m | €13.7m |
| Result for the year | €1.2m | €10.6m |
| Equity | €238.4m | €300.2m |
| Total assets | €389.0m | €580.1m |
Source: 2020 to 2023 consolidated accounts
Subsidies and aid
Flemish government
2022 to 2025 · 12 entries · €680,543 awarded · €446,606 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 5 | €340,899 | €148,430 |
| 2024 | 3 | €44,165 | €97,165 |
| 2023 | 2 | €64,620 | €117,620 |
| 2022 | 2 | €230,859 | €83,391 |
European Union, budget
2023 to 2025 · 4 entries · €374,928 in total| Year | Entries | Awarded |
|---|---|---|
| 2025 | 1 | €365,553 |
| 2023 | 3 | €9,375 |
Projects
MULTIPLY - MULTIPLYING FEASIBLE MICROALGAE-DERIVED PRODUCTS AT SCALE
2DPLOY - DEVELOPMENT OF AN INNOVATION PIPELINE TO FACILITATE AND PROMOTE FUNDING PROPOSALS FOR DEPLOYMENT OF LOW CARBON TECHNOLOGIES
European research
8 projects · 2 as coordinator · €6.7m EU contributionProjects
Innovative Chemoenzymatic Integrated Processes
Bio-based sustainable SURFactants TO foster GREEN industry
Multiplying feasible microalgae-derived products at scale
Nanoporous Metal-Organic Frameworks for production
Life Integrated Process for the Enzymatic Splitting of triglycerides
Show 3 more projects
Aligning Life Cycle Assessment methods and bio-based sectors for improved environmental performance
Development of an innovation pipeline to facilitate and promote funding proposals for deployment of low carbon technologies
EUROpean multilevel integrated BIOREFinery design for sustainable biomass processing
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €798.5m | €1,148.0m | €750.1m | €775.4m | ▲ 3.4% |
| Turnover70 | €610.3m | €564.3m | €544.9m | €746.2m | €1,023.7m | €757.9m | €713.4m | ▼ 5.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €23.6m | €55.5m | -€60.0m | €27.5m | - |
| Own construction capitalised72 | - | - | - | €3.5m | €4.1m | €4.7m | €4.3m | ▼ 8.3% |
| Other operating income74 | - | - | - | €25.2m | €64.1m | €47.5m | €30.2m | ▼ 36.3% |
| Non-recurring operating income76A | - | - | - | - | €0.6m | - | - | - |
| Operating charges60/66A | - | - | - | €754.8m | €1,035.8m | €755.1m | €764.7m | ▲ 1.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €517.9m | €729.5m | €443.3m | €474.1m | ▲ 6.9% |
| Purchases600/8 | - | - | - | €540.7m | €727.7m | €426.9m | €478.3m | ▲ 12.0% |
| Change in stocks: decrease (increase)609 | - | - | - | -€22.8m | €1.9m | €16.3m | -€4.3m | - |
| Services and other goods61 | - | - | - | €150.4m | €216.0m | €222.6m | €190.9m | ▼ 14.2% |
| Remuneration, social security and pensions62 | - | - | - | €62.3m | €67.7m | €73.5m | €79.1m | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16.2m | €16.2m | €15.2m | €15.6m | €14.5m | €17.8m | €19.3m | ▲ 8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1.3m | -€0.8m | €0.6m | -€0.3m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.1m | €5.7m | -€5.0m | -€0.4m | ▲ 92.5% |
| Other operating charges640/8 | - | - | - | €2.8m | €1.9m | €0.8m | €1.1m | ▲ 29.2% |
| Non-recurring operating charges66A | - | - | - | €4.8m | €1.3m | €1.4m | €1.0m | ▼ 27.5% |
| Operating profit (loss)9901 | €18.0m | €14.9m | -€5.6m | €43.6m | €112.2m | -€5.0m | €10.7m | - |
| Financial income75/76B | - | - | - | €22.1m | €50.8m | €25.1m | €24.9m | ▼ 0.8% |
| Recurring financial income75 | €23.3m | €23.6m | €30.9m | €22.1m | €50.5m | €25.1m | €24.8m | ▼ 1.2% |
| Income from financial fixed assets750 | - | - | - | €8.6m | €2.8m | €4.1m | €13.3m | ▲ 226% |
| Income from current assets751 | - | - | - | €0.001m | €0.005m | €0.01m | €0.1m | ▲ 795% |
| Other financial income752/9 | - | - | - | €13.5m | €47.7m | €21.0m | €11.4m | ▼ 45.8% |
| Non-recurring financial income76B | - | - | - | - | €0.3m | - | €0.1m | - |
| Financial charges65/66B | - | - | - | €16.0m | €53.4m | €23.5m | €20.6m | ▼ 12.6% |
| Recurring financial charges65 | €17.9m | €18.0m | €13.9m | €16.0m | €53.4m | €23.5m | €20.6m | ▼ 12.6% |
| Debt charges650 | €1.1m | €1.0m | €1.0m | €1.0m | €3.4m | €6.2m | €7.1m | ▲ 13.3% |
| Other financial charges652/9 | - | - | - | €15.0m | €50.0m | €17.3m | €13.5m | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €17.2m | €20.6m | €11.4m | €49.8m | €109.6m | -€3.4m | €15.1m | - |
| Transfer from deferred taxes780 | - | - | - | - | €0.01m | €0.9m | €0.5m | ▼ 46.4% |
| Income taxes67/77 | €4.9m | €4.1m | -€0.04m | €8.5m | €26.7m | €0.4m | €1.1m | ▲ 161% |
| Taxes670/3 | - | - | - | €8.5m | €26.8m | €0.4m | €1.1m | ▲ 161% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.02m | €0.02m | - | - | - |
| Profit (loss) for the period9904 | €12.4m | €16.5m | €11.4m | €41.3m | €82.9m | -€2.9m | €14.5m | - |
| Profit (loss) for the period to be appropriated9905 | €12.5m | €16.5m | €11.4m | €41.3m | €82.9m | -€2.9m | €14.5m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €326.9m | €315.2m | €319.4m | €429.2m | €626.0m | €490.2m | €602.5m | ▲ 22.9% |
| Fixed assets21/28 | €119.3m | €117.1m | €113.3m | €131.1m | €138.1m | €165.7m | €302.0m | ▲ 82.3% |
| Intangible fixed assets21 | €7.8m | €7.8m | €8.2m | €7.8m | €8.7m | €11.2m | €14.0m | ▲ 25.0% |
| Tangible fixed assets22/27 | €80.8m | €78.4m | €76.7m | €75.7m | €81.8m | €99.4m | €119.5m | ▲ 20.2% |
| Land and buildings22 | - | - | - | €10.2m | €9.9m | €11.4m | €13.5m | ▲ 18.3% |
| Plant, machinery and equipment23 | - | - | - | €56.0m | €55.7m | €55.0m | €59.3m | ▲ 7.7% |
| Furniture and vehicles24 | - | - | - | €1.1m | €0.8m | €0.6m | €1.1m | ▲ 81.6% |
| Leasing and similar rights25 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 15.4% |
| Assets under construction and advance payments27 | - | - | - | €8.0m | €15.0m | €32.1m | €45.4m | ▲ 41.5% |
| Financial fixed assets28 | €30.7m | €30.8m | €28.4m | €47.7m | €47.7m | €55.1m | €168.5m | ▲ 206% |
| Affiliated companies280/1 | - | - | - | €47.7m | €47.6m | €55.1m | €168.5m | ▲ 206% |
| Participating interests280 | - | - | - | €47.7m | €47.6m | €55.1m | €168.5m | ▲ 206% |
| Other financial fixed assets284/8 | - | - | - | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 39.8% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 39.8% |
| Current assets29/58 | €207.7m | €198.1m | €206.2m | €298.1m | €487.8m | €324.5m | €300.5m | ▼ 7.4% |
| Stocks and contracts in progress3 | €100.5m | €106.9m | €108.5m | €155.5m | €208.1m | €131.4m | €163.8m | ▲ 24.7% |
| Stocks30/36 | - | - | - | €155.5m | €208.1m | €131.4m | €163.8m | ▲ 24.7% |
| Raw materials and consumables30/31 | - | - | - | €73.8m | €72.7m | €56.2m | €60.3m | ▲ 7.2% |
| Work in progress32 | - | - | - | €0.04m | €0.002m | €0.02m | €0.004m | ▼ 83.7% |
| Finished goods33 | - | - | - | €79.8m | €135.3m | €74.5m | €103.0m | ▲ 38.3% |
| Goods purchased for resale34 | - | - | - | - | €292 | €0.2m | €0.09m | ▼ 49.1% |
| Advance payments36 | - | - | - | €1.9m | €0.2m | €0.4m | €0.4m | ▼ 11.9% |
| Amounts receivable within one year40/41 | €105.3m | €88.3m | €96.0m | €138.7m | €272.8m | €184.5m | €124.4m | ▼ 32.6% |
| Trade receivables40 | - | - | - | €100.2m | €127.1m | €102.1m | €95.3m | ▼ 6.7% |
| Other amounts receivable41 | - | - | - | €38.5m | €145.7m | €82.4m | €29.1m | ▼ 64.7% |
| Cash at bank and in hand54/58 | €1.2m | €2.3m | €1.1m | €1.3m | €1.8m | €5.2m | €6.3m | ▲ 21.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2.5m | €5.1m | €3.5m | €5.9m | ▲ 70.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €326.9m | €315.2m | €319.4m | €429.2m | €626.0m | €490.2m | €602.5m | ▲ 22.9% |
| Equity10/15 | €161.2m | €175.9m | €187.3m | €203.7m | €236.1m | €225.0m | €233.9m | ▲ 4.0% |
| Contributions10/11 | €101.5m | €101.5m | €101.5m | €103.6m | €103.6m | €103.6m | €103.6m | = |
| Capital10 | - | - | - | €101.5m | €101.5m | €101.5m | €101.5m | = |
| Issued capital100 | - | - | - | €101.5m | €101.5m | €101.5m | €101.5m | = |
| Contributions outside capital11 | - | - | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Share premium1100/10 | - | - | - | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Reserves13 | €7.1m | €8.0m | €8.5m | €10.6m | €10.7m | €10.7m | €10.7m | = |
| Non-distributable reserves130/1 | - | - | - | €10.1m | €10.1m | €10.1m | €10.1m | = |
| Legal reserve130 | - | - | - | €10.1m | €10.1m | €10.1m | €10.1m | = |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €50.3m | €61.5m | €72.3m | €86.3m | €117.5m | €109.3m | €118.8m | ▲ 8.7% |
| Investment grants15 | - | - | - | €3.3m | €4.3m | €1.4m | €0.8m | ▼ 41.6% |
| Provisions and deferred taxes16 | €2.4m | €3.6m | €3.3m | €4.2m | €9.7m | €3.2m | €2.6m | ▼ 17.8% |
| Provisions for liabilities and charges160/5 | - | - | - | €3.1m | €8.2m | €2.7m | €2.4m | ▼ 13.7% |
| Pensions and similar obligations160 | - | - | - | €1.5m | €1.9m | €2.2m | €2.4m | ▲ 5.8% |
| Other liabilities and charges164/5 | - | - | - | €1.6m | €6.4m | €0.5m | - | - |
| Deferred taxes168 | - | - | - | €1.1m | €1.4m | €0.5m | €0.3m | ▼ 41.4% |
| Amounts payable17/49 | €163.3m | €135.6m | €128.9m | €221.2m | €380.3m | €262.1m | €366.0m | ▲ 39.6% |
| Amounts payable after more than one year17 | - | - | €0.4m | €0.3m | €140.3m | €100.2m | €172.5m | ▲ 72.1% |
| Financial debts170/4 | - | - | - | €0.3m | €140.3m | €100.2m | €172.5m | ▲ 72.1% |
| Leasing and similar obligations172 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 17.1% |
| Other loans174 | - | - | - | - | €140.0m | €100.0m | €172.3m | ▲ 72.3% |
| Amounts payable within one year42/48 | €162.5m | €135.2m | €127.4m | €218.0m | €233.0m | €157.1m | €184.5m | ▲ 17.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | ▲ 2.6% |
| Financial debts43 | - | - | - | €30.0m | €10.0m | - | - | - |
| Credit institutions430/8 | - | - | - | €10.0m | €10.0m | - | - | - |
| Other loans439 | - | - | - | €20.0m | - | - | - | - |
| Trade debts44 | €107.7m | €95.4m | €86.9m | €147.5m | €150.6m | €136.9m | €163.5m | ▲ 19.5% |
| Suppliers440/4 | - | - | - | €147.5m | €150.6m | €136.9m | €163.5m | ▲ 19.5% |
| Taxes, remuneration and social security45 | - | - | - | €15.1m | €19.1m | €14.8m | €15.7m | ▲ 6.0% |
| Taxes450/3 | - | - | - | €3.5m | €6.7m | €2.6m | €3.1m | ▲ 17.4% |
| Remuneration and social security454/9 | - | - | - | €11.6m | €12.4m | €12.2m | €12.6m | ▲ 3.5% |
| Other amounts payable47/48 | - | - | - | €25.3m | €53.3m | €5.3m | €5.2m | ▼ 2.4% |
| Accrued charges and deferred income492/3 | - | - | - | €3.0m | €6.9m | €4.8m | €8.9m | ▲ 88.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12.4m | €16.5m | €11.4m | €41.3m | €82.9m | -€2.9m | €14.5m | - |
| + Depreciation and write-downs630 | €16.2m | €16.2m | €15.2m | €15.6m | €14.5m | €17.8m | €19.3m | ▲ 8.1% |
| Operating cash flow (approximation) | €28.6m | €32.8m | €26.6m | €56.9m | €97.3m | €14.9m | €33.8m | ▲ 126% |
| Investment in fixed assets (approximation) | - | -€14.1m | -€11.4m | -€33.4m | -€21.5m | -€45.4m | -€155.6m | ▼ 243% |
| Change in cash | - | €1.1m | -€1.2m | €0.2m | €0.5m | €3.4m | €1.1m | ▼ 67.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 513 companies had the same profile as OLEON has now. Two years later, 96.1% were still going and 0.8% had gone bankrupt.
- Large
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.1%
was still going
3.1%
stopped otherwise
0.8%
went bankrupt
The bankruptcy probability of OLEON itself is higher: 1.2% within 12 months. It rests on far more data about OLEON than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 513 companies, not a prediction for OLEON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 74 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | consolidated | 01-07-2026 | 2026-00254961 | |
| 31-12-2025 | full format | 29-06-2026 | 2026-00211548 | |
| 31-12-2024 | consolidated | 18-11-2025 | 2025-00568082 | |
| 31-12-2024 | full format | 23-06-2025 | 2025-00162799 | |
| 31-12-2023 | consolidated | 24-06-2024 | 2024-00199085 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00199084 | |
| 31-12-2022 | full format | 03-07-2023 | 2023-00222338 | |
| 31-12-2022 | consolidated | 03-07-2023 | 2023-00222930 | |
| 31-12-2021 | full format | 29-06-2022 | 2022-20131985 | |
| 31-12-2021 | consolidated | 29-06-2022 | 2022-20131992 |