OLEXA
ActiveSummary
OLEXA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€35,424) and a net result of -€13,161. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 221 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▲+27
Solvency21▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.44 against 1.41 in 2023; short-term debt: 50.7% and cash: 0.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-4%
Return on assets
-1.5%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Manufacture of wearing apparel (NACE 14)
about 12% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€35,424
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
1 d early
2022
70 d late
2021
26 d late
2020
81 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€35,424▼ 59.1%
2023 · -€22,262
Total assets
€882,348▲ 0.2%
2023 · €880,811
Net result
-€13,161▲ 93.7%
2023 · -€209,572
Working capital
€195,593▼ 0.1%
2023 · €195,839
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, 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
Line20202021202220232024
Operating result€52,881▼ 28.4%€158,882▲ 200%-€16,365-€181,098▼ 1,007%€46,737
Net result€30,716within the sector's middle half▲ 9.8%€92,851above the sector's middle half▲ 202%-€55,551below the sector's middle half-€209,572below the sector's middle half▼ 277%-€13,161below the sector's middle half▲ 93.7%
Equity€150,010within the sector's middle half▲ 25.7%€242,860within the sector's middle half▲ 61.9%€187,310above the sector's middle half▼ 22.9%-€22,262below the sector's middle half-€35,424below the sector's middle half▼ 59.1%
Total assets€665,914within the sector's middle half▲ 17.5%€1.1mwithin the sector's middle half▲ 62.8%€1.2mabove the sector's middle half▲ 12.4%€880,811above the sector's middle half▼ 27.7%€882,348above the sector's middle half▲ 0.2%
Debt€515,905▲ 15.3%€841,195▲ 63.1%€1.0m▲ 22.6%€903,073▼ 12.5%€917,771▲ 1.6%
Working capital€448,480within the sector's middle half▲ 23.5%€510,239within the sector's middle half▲ 13.8%€429,805above the sector's middle half▼ 15.8%€195,839above the sector's middle half▼ 54.4%€195,593above the sector's middle half▼ 0.1%
Solvency22.5%within the sector's middle half▲ 1.5pp22.4%within the sector's middle half▼ 0.1pp15.4%within the sector's middle half▼ 7.0pp-2.5%within the sector's middle half▼ 17.9pp-4.0%within the sector's middle half▼ 1.5pp
Current ratio7.87above the sector's middle half▲ 3.172.49within the sector's middle half▼ 5.381.78within the sector's middle half▼ 0.711.41within the sector's middle half▼ 0.371.44within the sector's middle half▲ 0.02
Return on assets (ROA)4.6%within the sector's middle half▼ 0.3pp8.6%above the sector's middle half▲ 4.0pp-4.6%within the sector's middle half▼ 13.1pp-23.8%below the sector's middle half▼ 19.2pp-1.5%within the sector's middle half▲ 22.3pp
Staff (FTE)0.9below the sector's middle half▼ 10.0%1below the sector's middle half▲ 11.1%1.11.3▲ 18.2%
above
within
below
the middle half (P25 to P75) of NACE 14, Manufacture of wearing apparel, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €46,737 after a loss of €181,098 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €882,348
Fixed assets
€238,990 ▲ 13.7%
Current assets
€643,357 ▼ 4.1%
Key figures and ratios
EBITDA
€91,687▲
2023 · -€147,950
Cash flow
€31,789▲
2023 · -€176,424
Quick ratio
0.66▼
2023 · 0.77
Debt to equity
-25.91▲
2023 · -40.57
Interest coverage
1.25▲
2023 · -2.65
Debt ≤ 1 year
€447,765▼
2023 · €474,798
Debt > 1 year
€470,006▲
2023 · €428,275
Income taxes
€297▲
2023 · -€14,470
Staff costs
€62,009▲
2023 · €59,292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,662 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% | 1.7% |
| 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 75% 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 1,570 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €705 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €31,271 | €33,696 | €59,292 | €62,009 | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,322 | €19,950 | €30,549 | €33,148 | €44,950 | ▲ 35.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6,365 | €0 | €26,875 | -€17,433 | ▼ 165% |
| Other operating charges640/8 | - | €3,123 | €3,678 | €6,428 | €5,333 | ▼ 17.0% |
| Non-recurring operating charges66A | - | - | - | - | €3,008 | - |
| Gross operating margin9900 | €104,603 | €219,591 | €51,557 | -€55,355 | €144,604 | ▲ 361% |
| Operating profit (loss)9901 | €52,881 | €158,882 | -€16,365 | -€181,098 | €46,737 | ▲ 126% |
| Financial income75/76B | - | €40,198 | €45,249 | €12,963 | €13,784 | ▲ 6.3% |
| Recurring financial income75 | €45,524 | €40,198 | €45,249 | €12,963 | €13,784 | ▲ 6.3% |
| Financial charges65/66B | - | €73,609 | €79,180 | €55,906 | €73,385 | ▲ 31.3% |
| Recurring financial charges65 | €50,725 | €73,609 | €79,180 | €55,906 | €73,385 | ▲ 31.3% |
| Profit (loss) for the period before taxes9903 | €47,680 | €125,471 | -€50,296 | -€224,042 | -€12,865 | ▲ 94.3% |
| Income taxes67/77 | €16,964 | €32,620 | €5,255 | -€14,470 | €297 | ▲ 102% |
| Profit (loss) for the period9904 | €30,716 | €92,851 | -€55,551 | -€209,572 | -€13,161 | ▲ 93.7% |
| Profit (loss) for the period to be appropriated9905 | €30,716 | €92,851 | -€55,551 | -€209,572 | -€13,161 | ▲ 93.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €665,914 | €1.1m | €1.2m | €880,811 | €882,348 | ▲ 0.2% |
| Fixed assets21/28 | €152,185 | €231,323 | €236,490 | €210,174 | €238,990 | ▲ 13.7% |
| Intangible fixed assets21 | - | - | €14,205 | €11,187 | €60,607 | ▲ 442% |
| Tangible fixed assets22/27 | €152,185 | €223,823 | €214,785 | €191,487 | €170,884 | ▼ 10.8% |
| Land and buildings22 | - | €124,050 | €114,330 | €105,379 | €96,606 | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | - | €936 | €745 | ▼ 20.4% |
| Furniture and vehicles24 | - | €11,712 | €11,660 | €9,681 | €12,245 | ▲ 26.5% |
| Other tangible fixed assets26 | - | €88,062 | €88,795 | €75,490 | €61,288 | ▼ 18.8% |
| Financial fixed assets28 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Current assets29/58 | €513,729 | €852,732 | €982,485 | €670,637 | €643,357 | ▼ 4.1% |
| Stocks and contracts in progress3 | €150,476 | €322,126 | €290,118 | €305,164 | €349,325 | ▲ 14.5% |
| Stocks30/36 | - | €322,126 | €290,118 | €305,164 | €349,325 | ▲ 14.5% |
| Amounts receivable within one year40/41 | €274,204 | €492,998 | €600,435 | €273,454 | €266,556 | ▼ 2.5% |
| Trade receivables40 | - | €370,189 | €377,649 | €92,383 | €100,685 | ▲ 9.0% |
| Other amounts receivable41 | - | €122,809 | €222,786 | €181,071 | €165,871 | ▼ 8.4% |
| Cash at bank and in hand54/58 | €87,433 | €37,302 | €30,354 | €20,083 | €3,875 | ▼ 80.7% |
| Deferred charges and accrued income490/1 | - | €305 | €61,577 | €71,936 | €23,602 | ▼ 67.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €665,914 | €1.1m | €1.2m | €880,811 | €882,348 | ▲ 0.2% |
| Equity10/15 | €150,010 | €242,860 | €187,310 | -€22,262 | -€35,424 | ▼ 59.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Reserves13 | €143,810 | €236,660 | €181,110 | €181,110 | €181,110 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €234,800 | €179,250 | €181,110 | €181,110 | = |
| Profit (loss) carried forward14 | - | - | - | -€209,572 | -€222,733 | ▼ 6.3% |
| Amounts payable17/49 | €515,905 | €841,195 | €1.0m | €903,073 | €917,771 | ▲ 1.6% |
| Amounts payable after more than one year17 | €450,655 | €498,702 | €478,985 | €428,275 | €470,006 | ▲ 9.7% |
| Financial debts170/4 | - | €498,702 | €478,985 | €428,275 | €470,006 | ▲ 9.7% |
| Amounts payable within one year42/48 | €65,249 | €342,492 | €552,680 | €474,798 | €447,765 | ▼ 5.7% |
| Current portion of amounts payable after more than one year42 | - | €58,745 | €49,717 | €155,710 | €86,519 | ▼ 44.4% |
| Financial debts43 | - | €1,319 | €0 | €35,802 | €38,019 | ▲ 6.2% |
| Credit institutions430/8 | - | €1,319 | €0 | €35,802 | €38,019 | ▲ 6.2% |
| Trade debts44 | €10,323 | €263,127 | €484,068 | €256,630 | €280,921 | ▲ 9.5% |
| Suppliers440/4 | - | €263,127 | €484,068 | €256,630 | €280,921 | ▲ 9.5% |
| Taxes, remuneration and social security45 | - | €19,301 | €18,895 | €26,656 | €42,306 | ▲ 58.7% |
| Taxes450/3 | - | €16,000 | €16,222 | €18,945 | €32,642 | ▲ 72.3% |
| Remuneration and social security454/9 | - | €3,301 | €2,673 | €7,710 | €9,664 | ▲ 25.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,716 | €92,851 | -€55,551 | -€209,572 | -€13,161 | ▲ 93.7% |
| + Depreciation and write-downs630 | €12,322 | €19,950 | €30,549 | €33,148 | €44,950 | ▲ 35.6% |
| Operating cash flow (approximation) | €43,038 | €112,801 | -€25,002 | -€176,424 | €31,789 | ▲ 118% |
| Investment in fixed assets (approximation) | - | -€99,088 | -€35,716 | -€6,832 | -€73,766 | ▼ 980% |
| Change in cash | - | -€50,131 | -€6,948 | -€10,271 | -€16,208 | ▼ 57.8% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€209,572
Net result drops to -€209,572, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €92,851 ▲202%
Operating result €158,882, net result €92,851, both a record.
31-12
Financial
Equity above €200,000Eq €242,860 ▲61.9%
4 profitable years in a row build equity to €242,860.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 81 days late
2020
31-12
Financial
Equity above €150,000Eq €150,010 ▲25.7%
3 profitable years in a row build equity to €150,010.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
31-12
Financial
Equity above €100,000Eq €119,293 ▲30.6%
2 profitable years in a row build equity to €119,293.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 55 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 2 establishment units since 2016
Ground area
1,021 m²
Building footprint
724 m²
Volume, LiDAR
6,465 m³
2 parcels, Flanders · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Mr. Mittens
since 20162.259.476.131
Olexa
since 20172.264.253.677
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B1972/00B000 | Flanders | 705 m² | 1 · 631 m² | 14.9 m · 4 fl. |
| 11810K1915/00F005 | Flanders | 316 m² | 1 · 93 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 540 companies in sector 14299 we hold annual accounts for 105. 69 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
Founded08-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
14299Manufacture of wearing apparel
46423Wholesale of clothing, excluding workwear and underwear
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667674556
Also
9925:BE0667674556
Registered
16-12-2025
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.