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 €394k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 9234 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 €30k 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.
Credit check for your own amount and term
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 €394k
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 →
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.
Companies Code · seven monthsPosition in the running window
31-07-2026 close25-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.01M▼ 4.5%
2020 · €1.06M
2019: €1.87Mhighest in 3 years
2020: €1.06M▼ -43.3% vs 2019
2021: €1.01M▼ -4.5% vs 2020lowest in 3 years
2019 → 2021
EBIT margin
-1.9%▼ 1.6pp
2020 · -0.3%
2019: 2.3%highest in 3 years
2020: -0.3%▼ -115% vs 2019
2021: -1.9%▼ -465% vs 2020lowest in 3 years
2019 → 2021
Net result
€9k▼ 69.9%
2024 · €29k
2019: €68khighest in 7 years
2020: €18k▼ -74.3% vs 2019
2021: €15k▼ -11.9% vs 2020
2022: €36k▲ +135% vs 2021
2023: €10k▼ -73.1% vs 2022
2024: €29k▲ +196% vs 2023
2025: €9k▼ -69.9% vs 2024lowest in 7 years
2019 → 2025
Working capital
€173k▲ 20.1%
2024 · €144k
2019: €1.52M
2020: €1.60M▲ +5.4% vs 2019highest in 7 years
2021: €1.59M▼ -0.8% vs 2020
2022: €62k▼ -96.1% vs 2021lowest in 7 years
2023: €99k▲ +58.6% vs 2022
2024: €144k▲ +46.3% vs 2023
2025: €173k▲ +20.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.01M-
Equity€1.63M-€347k▼ 78.8%€356k▲ 2.8%€385k▲ 8.1%€394k▲ 2.3%
2021: €1.63Mhighest in 5 years
2022: €347k▼ -78.8% vs 2021lowest in 5 years
2023: €356k▲ +2.8% vs 2022
2024: €385k▲ +8.1% vs 2023
2025: €394k▲ +2.3% vs 2024
Operating result€-19k-€55k€19k▼ 65.0%€50k▲ 157%€23k▼ 53.8%
2021: €-19klowest in 5 years
2022: €55k▲ +383% vs 2021highest in 5 years
2023: €19k▼ -65.0% vs 2022
2024: €50k▲ +157% vs 2023
2025: €23k▼ -53.8% vs 2024
Net result€15k-€36k▲ 135%€10k▼ 73.1%€29k▲ 196%€9k▼ 69.9%
2021: €15k
2022: €36k▲ +135% vs 2021highest in 5 years
2023: €10k▼ -73.1% vs 2022
2024: €29k▲ +196% vs 2023
2025: €9k▼ -69.9% vs 2024lowest in 5 years
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 €601k
Fixed assets
€389k ▼ 3.3%
Current assets
€212k ▲ 21.2%
Equity and liabilities €601k
Equity
€394k ▲ 2.3%
Debt
€207k ▲ 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
€36k▼
2024 · €68k
Cash flow
€22k▼
2024 · €47k
Current ratio
5.46▼
2024 · 5.70
Debt to equity
0.53▲
2024 · 0.50
ROE
2.2%▼
2024 · 7.5%
ROA
1.4%▼
2024 · 5.0%
Interest coverage
3.31▼
2024 · 6.20
Debt ≤ 1 year
€39k▲
2024 · €31k
Debt > 1 year
€166k▲
2024 · €158k
Income taxes
€3k▼
2024 · €10k
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€577k€601k▲
Fixed assets21/28€402k€389k▼
Tangible fixed assets22/27€402k€389k▼
Land and buildings22€402k€389k▼
Current assets29/58€175k€212k▲
Amounts receivable within one year40/41€7k€7k▲
Trade receivables40€7k€7k▲
Other amounts receivable41€138€0▼
Cash at bank and in hand54/58€151k€189k▲
Deferred charges and accrued income490/1€18k€16k▼
Equity and liabilities
Total equity and liabilities10/49€577k€601k▲
Equity10/15€385k€394k▲
Contributions10/11€245k€245k=
Reserves13€140k€149k▲
Distributable reserves133€140k€149k▲
Amounts payable17/49€192k€207k▲
Amounts payable after more than one year17€158k€166k▲
Other amounts payable178/9€158k€166k▲
Amounts payable within one year42/48€31k€39k▲
Trade debts44€23k€32k▲
Suppliers440/4€23k€32k▲
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€13k▼
Other operating charges640/8€2k€17k▲
Gross operating margin9900€69k€54k▼
Operating profit (loss)9901€50k€23k▼
Financial charges65/66B€11k€11k▲
Recurring financial charges65€11k€11k▲
Profit (loss) for the period before taxes9903€39k€12k▼
Income taxes67/77€10k€3k▼
Profit (loss) for the period9904€29k€9k▼
Profit (loss) for the period to be appropriated9905€29k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€9k▼
Transfer to equity691/2€29k€9k▼
To other reserves6921€29k€9k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.01M | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100k | €20k | €19k | €18k | €13k | ▼ 26.8% |
| Other operating charges640/8 | - | €131k | €113k | €2k | €17k | ▲ 1,034% |
| Gross operating margin9900 | - | €206k | €151k | €69k | €54k | ▼ 22.8% |
| Operating profit (loss)9901 | €-19k | €55k | €19k | €50k | €23k | ▼ 53.8% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €70k | €0 | - | - | - | - |
| Financial charges65/66B | - | €6k | €6k | €11k | €11k | ▲ 0.2% |
| Recurring financial charges65 | €22k | €6k | €6k | €11k | €11k | ▲ 0.2% |
| Debt charges650 | €22k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €29k | €49k | €13k | €39k | €12k | ▼ 69.1% |
| Income taxes67/77 | €13k | €13k | €3k | €10k | €3k | ▼ 66.6% |
| Profit (loss) for the period9904 | €15k | €36k | €10k | €29k | €9k | ▼ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €15k | €36k | €10k | €29k | €9k | ▼ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.72M | €515k | €516k | €577k | €601k | ▲ 4.1% |
| Fixed assets21/28 | €772k | €433k | €414k | €402k | €389k | ▼ 3.3% |
| Intangible fixed assets21 | €225 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €772k | €433k | €414k | €402k | €389k | ▼ 3.3% |
| Land and buildings22 | - | €433k | €414k | €402k | €389k | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €100 | €0 | - | - | - | - |
| Current assets29/58 | €1.95M | €82k | €102k | €175k | €212k | ▲ 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 | €218k | €65k | €12k | €7k | €7k | ▲ 6.3% |
| Trade receivables40 | - | €31k | €7k | €7k | €7k | ▲ 8.6% |
| Other amounts receivable41 | - | €34k | €5k | €138 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €4k | €177 | €89k | €151k | €189k | ▲ 25.6% |
| Deferred charges and accrued income490/1 | - | €16k | €632 | €18k | €16k | ▼ 10.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.72M | €515k | €516k | €577k | €601k | ▲ 4.1% |
| Equity10/15 | €1.63M | €347k | €356k | €385k | €394k | ▲ 2.3% |
| Contributions10/11 | - | €245k | €245k | €245k | €245k | = |
| Reserves13 | €342k | €101k | €111k | €140k | €149k | ▲ 6.2% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €101k | €111k | €140k | €149k | ▲ 6.2% |
| Amounts payable17/49 | €1.09M | €168k | €160k | €192k | €207k | ▲ 7.9% |
| Amounts payable after more than one year17 | €712k | €147k | €151k | €158k | €166k | ▲ 4.8% |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Other amounts payable178/9 | - | €147k | €151k | €158k | €166k | ▲ 4.8% |
| Amounts payable within one year42/48 | €357k | €19k | €3k | €31k | €39k | ▲ 26.6% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Financial debts43 | - | €0 | - | - | - | - |
| Other loans439 | - | €0 | - | - | - | - |
| Trade debts44 | €231k | €10k | €1k | €23k | €32k | ▲ 38.2% |
| Suppliers440/4 | - | €10k | €1k | €23k | €32k | ▲ 38.2% |
| Taxes, remuneration and social security45 | - | €10k | €2k | €7k | €6k | ▼ 10.9% |
| Taxes450/3 | - | €10k | €2k | €7k | €6k | ▼ 10.9% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €2k | €6k | €3k | €2k | ▼ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €36k | €10k | €29k | €9k | ▼ 69.9% |
| + Depreciation and write-downs630 | €100k | €20k | €19k | €18k | €13k | ▼ 26.8% |
| Operating cash flow (approximation) | €116k | €56k | €28k | €47k | €22k | ▼ 53.2% |
| Investment in fixed assets (approximation) | - | €319k | €0 | €-6k | €0 | ▲ 100% |
| Change in cash | - | €-4k | €89k | €62k | €39k | ▼ 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 €9k ▼69.9%
Net result drops to €9k, 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 €19k to €3k.
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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,787 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
Scores and ratios are computed by Checked and are not a credit decision.