OLEUM
ActiveSummary
OLEUM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €394,053 and a net result of €8,694. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-27
Solvency91▼-1
Growth22=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 5.46 against 5.7 in 2024; short-term debt: 6.5% and cash: 31.5% of total assets), and 34.4% 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 · 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 · 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
65.6%
Return on assets
1.4%
Age of the figures
14 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €394,053
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 16-02-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
on the day
2023
1 d early
2022
on the day
2021
4 d early
2020
3 d late
2019
25 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 6 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 31-07-2026 and is due by 28-02-2027. Nothing is late today. Usually files around 28 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-07-2026 close29-09-2026 today28-02-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.0m▼ 4.5%
2020 · €1.1m
EBIT margin
-1.9%▼ 1.6pp
2020 · -0.3%
Net result
€8,694▼ 69.9%
2024 · €28,892
Working capital
€173,397▲ 20.1%
2024 · €144,413
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Turnover€1.0m▼ 4.5%
Operating result-€19,447▼ 440%€55,031€19,282▼ 65.0%€49,588▲ 157%€22,912▼ 53.8%
Net result€15,479within the sector's middle half▼ 11.9%€36,317within the sector's middle half▲ 135%€9,759within the sector's middle half▼ 73.1%€28,892within the sector's middle half▲ 196%€8,694within the sector's middle half▼ 69.9%
EBIT margin-1.9%▼ 1.6pp
Equity€1.6mwithin the sector's middle half▲ 1.0%€346,708within the sector's middle half▼ 78.8%€356,467within the sector's middle half▲ 2.8%€385,360within the sector's middle half▲ 8.1%€394,053within the sector's middle half▲ 2.3%
Total assets€2.7mwithin the sector's middle half▼ 1.0%€514,644below the sector's middle half▼ 81.1%€516,125below the sector's middle half▲ 0.3%€577,309below the sector's middle half▲ 11.9%€601,084within the sector's middle half▲ 4.1%
Debt€1.1m▼ 3.9%€167,936▼ 84.5%€159,658▼ 4.9%€191,949▲ 20.2%€207,030▲ 7.9%
Working capital€1.6mabove the sector's middle half▼ 0.8%€62,246within the sector's middle half▼ 96.1%€98,738within the sector's middle half▲ 58.6%€144,413within the sector's middle half▲ 46.3%€173,397within the sector's middle half▲ 20.1%
Solvency60.1%within the sector's middle half▲ 1.2pp67.4%above the sector's middle half▲ 7.3pp69.1%above the sector's middle half▲ 1.7pp66.8%above the sector's middle half▼ 2.3pp65.6%above the sector's middle half▼ 1.2pp
Current ratio5.46above the sector's middle half▼ 0.944.23above the sector's middle half▼ 1.2334.54above the sector's middle half▲ 30.315.70above the sector's middle half▼ 28.845.46above the sector's middle half▼ 0.24
Return on assets (ROA)0.6%within the sector's middle half▼ 0.1pp7.1%above the sector's middle half▲ 6.5pp1.9%within the sector's middle half▼ 5.2pp5.0%above the sector's middle half▲ 3.1pp1.4%within the sector's middle half▼ 3.6pp
Staff (FTE)5.6within the sector's middle half▼ 5.1%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €601,084
Fixed assets
€388,816 ▼ 3.3%
Current assets
€212,268 ▲ 21.2%
Equity and liabilities €601,084
Equity
€394,053 ▲ 2.3%
Debt
€207,030 ▲ 7.9%
Debt's share of the balance-sheet total rises from 33.2% to 34.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,279▼
2024 · €67,856
Cash flow
€22,061▼
2024 · €47,161
Debt to equity
0.53▲
2024 · 0.50
ROE
2.2%▼
2024 · 7.5%
Interest coverage
3.31▼
2024 · 6.20
Debt ≤ 1 year
€38,870▲
2024 · €30,712
Debt > 1 year
€165,867▲
2024 · €158,315
Income taxes
€3,256▼
2024 · €9,750
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 14,732 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €1.0m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,027 | €19,769 | €18,681 | €18,269 | €13,367 | ▼ 26.8% |
| Other operating charges640/8 | - | €130,719 | €113,371 | €1,523 | €17,278 | ▲ 1,034% |
| Gross operating margin9900 | - | €205,518 | €151,334 | €69,380 | €53,557 | ▼ 22.8% |
| Operating profit (loss)9901 | -€19,447 | €55,031 | €19,282 | €49,588 | €22,912 | ▼ 53.8% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €70,041 | €0 | - | - | - | - |
| Financial charges65/66B | - | €5,800 | €6,270 | €10,945 | €10,961 | ▲ 0.2% |
| Recurring financial charges65 | €22,084 | €5,800 | €6,270 | €10,945 | €10,961 | ▲ 0.2% |
| Debt charges650 | €21,814 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €28,511 | €49,231 | €13,012 | €38,643 | €11,950 | ▼ 69.1% |
| Income taxes67/77 | €13,032 | €12,913 | €3,253 | €9,750 | €3,256 | ▼ 66.6% |
| Profit (loss) for the period9904 | €15,479 | €36,317 | €9,759 | €28,892 | €8,694 | ▼ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €15,479 | €36,317 | €9,759 | €28,892 | €8,694 | ▼ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €514,644 | €516,125 | €577,309 | €601,084 | ▲ 4.1% |
| Fixed assets21/28 | €772,309 | €433,125 | €414,444 | €402,183 | €388,816 | ▼ 3.3% |
| Intangible fixed assets21 | €225 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €771,984 | €433,125 | €414,444 | €402,183 | €388,816 | ▼ 3.3% |
| Land and buildings22 | - | €433,125 | €414,444 | €402,183 | €388,816 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €100 | €0 | - | - | - | - |
| Current assets29/58 | €1.9m | €81,519 | €101,682 | €175,125 | €212,268 | ▲ 21.2% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €218,149 | €64,969 | €11,747 | €6,682 | €7,105 | ▲ 6.3% |
| Trade receivables40 | - | €30,644 | €6,544 | €6,544 | €7,105 | ▲ 8.6% |
| Other amounts receivable41 | - | €34,324 | €5,203 | €138 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €3,937 | €177 | €89,302 | €150,923 | €189,500 | ▲ 25.6% |
| Deferred charges and accrued income490/1 | - | €16,374 | €632 | €17,520 | €15,663 | ▼ 10.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €514,644 | €516,125 | €577,309 | €601,084 | ▲ 4.1% |
| Equity10/15 | €1.6m | €346,708 | €356,467 | €385,360 | €394,053 | ▲ 2.3% |
| Contributions10/11 | - | €245,473 | €245,473 | €245,473 | €245,473 | = |
| Reserves13 | €341,583 | €101,235 | €110,994 | €139,886 | €148,580 | ▲ 6.2% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €101,235 | €110,994 | €139,886 | €148,580 | ▲ 6.2% |
| Amounts payable17/49 | €1.1m | €167,936 | €159,658 | €191,949 | €207,030 | ▲ 7.9% |
| Amounts payable after more than one year17 | €711,718 | €146,562 | €150,738 | €158,315 | €165,867 | ▲ 4.8% |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Other amounts payable178/9 | - | €146,562 | €150,738 | €158,315 | €165,867 | ▲ 4.8% |
| Amounts payable within one year42/48 | €356,639 | €19,273 | €2,944 | €30,712 | €38,870 | ▲ 26.6% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Financial debts43 | - | €0 | - | - | - | - |
| Other loans439 | - | €0 | - | - | - | - |
| Trade debts44 | €230,768 | €9,620 | €1,154 | €23,425 | €32,377 | ▲ 38.2% |
| Suppliers440/4 | - | €9,620 | €1,154 | €23,425 | €32,377 | ▲ 38.2% |
| Taxes, remuneration and social security45 | - | €9,653 | €1,790 | €7,287 | €6,493 | ▼ 10.9% |
| Taxes450/3 | - | €9,653 | €1,790 | €7,287 | €6,493 | ▼ 10.9% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €2,100 | €5,976 | €2,922 | €2,293 | ▼ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,479 | €36,317 | €9,759 | €28,892 | €8,694 | ▼ 69.9% |
| + Depreciation and write-downs630 | €100,027 | €19,769 | €18,681 | €18,269 | €13,367 | ▼ 26.8% |
| Operating cash flow (approximation) | €115,506 | €56,086 | €28,440 | €47,161 | €22,061 | ▼ 53.2% |
| Investment in fixed assets (approximation) | - | €319,416 | €0 | -€6,009 | €0 | ▲ 100% |
| Change in cash | - | -€3,760 | €89,126 | €61,621 | €38,577 | ▼ 37.4% |
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
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
Financial
Weakest financial yearnet €8,694 ▼69.9%
Net result drops to €8,694, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
Financial
Liquidity times 8current ratio 34.54
Current ratio from 4.23 to 34.54; short-term debt falls from €19,273 to €2,944.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Oudenaarde · 1 establishment unit since 2009
Ground area
1.5 ha
Building footprint
2,170 m²
Volume, LiDAR
25,099 m³
Parcel 45023A1456/00F000, Flanders · tallest building 31.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
OLEUM
since 20092.178.235.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023A1456/00F000 | Flanders | 1.5 ha | 1 · 2,170 m² | 31.1 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.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,788 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 (pre-2019)
Founded09-06-2005
Fiscal year end31-07
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874371757
Also
9925:BE0874371757
Registered
20-11-2020
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.