OLICAF
ActiveSummary
OLICAF has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.10M and a net result of €53k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+18
Solvency76▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.83 in 2024; short-term debt: 10% and cash: 0.3% of total assets), and 48.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
51.1%
Return on assets
2.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
41 d early
2023
15 d early
2022
60 d late
2021
26 d late
2020
145 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€141k
EBIT margin
42.4%
Net result
€53k▲ 306%
2024 · €13k
2018: €-76klowest in 8 years
2019: €5k▲ +106% vs 2018
2020: €51k▲ +997% vs 2019
2021: €141k▲ +179% vs 2020highest in 8 years
2022: €36k▼ -74.4% vs 2021
2023: €83k▲ +129% vs 2022
2024: €13k▼ -84.4% vs 2023
2025: €53k▲ +306% vs 2024
2018 → 2025
Working capital
€-53k▼ 145%
2024 · €-22k
2018: €-123k
2019: €-177k▼ -44.2% vs 2018lowest in 8 years
2020: €6k▲ +103% vs 2019
2021: €55k▲ +786% vs 2020highest in 8 years
2022: €-82k▼ -249% vs 2021
2023: €-109k▼ -33.5% vs 2022
2024: €-22k▲ +80.0% vs 2023
2025: €-53k▼ -145% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€914k-€950k▲ 4.0%€1.03M▲ 8.7%€1.05M▲ 1.3%€1.10M▲ 5.0%
2021: €914klowest in 5 years
2022: €950k▲ +4.0% vs 2021
2023: €1.03M▲ +8.7% vs 2022
2024: €1.05M▲ +1.3% vs 2023
2025: €1.10M▲ +5.0% vs 2024highest in 5 years
Operating result€196k-€79k▼ 59.9%€137k▲ 74.3%€63k▼ 54.0%€106k▲ 69.1%
2021: €196khighest in 5 years
2022: €79k▼ -59.9% vs 2021
2023: €137k▲ +74.3% vs 2022
2024: €63k▼ -54.0% vs 2023lowest in 5 years
2025: €106k▲ +69.1% vs 2024
Net result€141k-€36k▼ 74.4%€83k▲ 129%€13k▼ 84.4%€53k▲ 306%
2021: €141khighest in 5 years
2022: €36k▼ -74.4% vs 2021
2023: €83k▲ +129% vs 2022
2024: €13k▼ -84.4% vs 2023lowest in 5 years
2025: €53k▲ +306% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 69% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.15M
Fixed assets
€1.99M ▲ 13.4%
Current assets
€161k ▲ 54.9%
Equity and liabilities €2.15M
Equity
€1.10M ▲ 5.0%
Debt
€1.05M ▲ 29.6%
Debt's share of the balance-sheet total rises from 43.6% to 48.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€153k▲
2024 · €98k
Cash flow
€99k▲
2024 · €48k
Current ratio
0.75▼
2024 · 0.83
Debt to equity
0.96▲
2024 · 0.77
ROE
4.8%▲
2024 · 1.2%
ROA
2.4%▲
2024 · 0.7%
Interest coverage
3.96▲
2024 · 2.14
Debt ≤ 1 year
€215k▲
2024 · €126k
Debt > 1 year
€835k▲
2024 · €684k
Income taxes
€15k▲
2024 · €4k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.86M€2.15M▲
Fixed assets21/28€1.75M€1.99M▲
Tangible fixed assets22/27€1.75M€1.98M▲
Land and buildings22€1.72M€1.70M▼
Plant, machinery and equipment23€9k€181k▲
Furniture and vehicles24-€651
Other tangible fixed assets26€18k€107k▲
Financial fixed assets28€2k€2k=
Current assets29/58€104k€161k▲
Amounts receivable within one year40/41€91k€152k▲
Trade receivables40€91k€134k▲
Other amounts receivable41-€18k
Cash at bank and in hand54/58€10k€6k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.86M€2.15M▲
Equity10/15€1.05M€1.10M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€1.00M€1.00M=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-22k€30k▲
Amounts payable17/49€810k€1.05M▲
Amounts payable after more than one year17€684k€835k▲
Financial debts170/4€614k€819k▲
Other amounts payable178/9€70k€16k▼
Amounts payable within one year42/48€126k€215k▲
Current portion of amounts payable after more than one year42€44k€82k▲
Trade debts44€50k€100k▲
Suppliers440/4€50k€100k▲
Taxes, remuneration and social security45€23k€23k▲
Taxes450/3€14k€23k▲
Remuneration and social security454/9€9k-
Other amounts payable47/48€9k€9k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€47k▲
Other operating charges640/8€7k€27k▲
Gross operating margin9900€105k€180k▲
Operating profit (loss)9901€63k€106k▲
Financial income75/76B€1€99▲
Recurring financial income75€1€99▲
Financial charges65/66B€46k€39k▼
Recurring financial charges65€46k€39k▼
Profit (loss) for the period before taxes9903€17k€68k▲
Income taxes67/77€4k€15k▲
Profit (loss) for the period9904€13k€53k▲
Profit (loss) for the period to be appropriated9905€13k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€30k▲
Profit (loss) brought forward from the previous period14P€-35k€-22k▲
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €20k | €1k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €35k | €35k | €36k | €47k | ▲ 31.0% |
| Other operating charges640/8 | €6k | €134k | €13k | €7k | €27k | ▲ 308% |
| Gross operating margin9900 | €235k | €247k | €185k | €105k | €180k | ▲ 71.1% |
| Operating profit (loss)9901 | €196k | €79k | €137k | €63k | €106k | ▲ 69.1% |
| Financial income75/76B | €5 | - | - | €1 | €99 | ▲ 9,722% |
| Recurring financial income75 | €5 | - | - | €1 | €99 | ▲ 9,722% |
| Financial charges65/66B | €48k | €42k | €45k | €46k | €39k | ▼ 16.1% |
| Recurring financial charges65 | €48k | €42k | €45k | €46k | €39k | ▼ 16.1% |
| Profit (loss) for the period before taxes9903 | €147k | €36k | €92k | €17k | €68k | ▲ 302% |
| Income taxes67/77 | €6k | €140 | €9k | €4k | €15k | ▲ 287% |
| Profit (loss) for the period9904 | €141k | €36k | €83k | €13k | €53k | ▲ 306% |
| Profit (loss) for the period to be appropriated9905 | €141k | €36k | €83k | €13k | €53k | ▲ 306% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.23M | €1.97M | €1.98M | €1.86M | €2.15M | ▲ 15.8% |
| Fixed assets21/28 | €1.94M | €1.81M | €1.78M | €1.75M | €1.99M | ▲ 13.4% |
| Tangible fixed assets22/27 | €1.84M | €1.81M | €1.78M | €1.75M | €1.98M | ▲ 13.5% |
| Land and buildings22 | €1.80M | €1.77M | €1.75M | €1.72M | €1.70M | ▼ 1.5% |
| Plant, machinery and equipment23 | - | - | €10k | €9k | €181k | ▲ 1,999% |
| Furniture and vehicles24 | €5k | €4k | €2k | - | €651 | - |
| Other tangible fixed assets26 | €36k | €29k | €22k | €18k | €107k | ▲ 482% |
| Financial fixed assets28 | €102k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €288k | €162k | €194k | €104k | €161k | ▲ 54.9% |
| Amounts receivable within one year40/41 | €58k | €58k | €90k | €91k | €152k | ▲ 66.8% |
| Trade receivables40 | €58k | €58k | €90k | €91k | €134k | ▲ 47.1% |
| Other amounts receivable41 | €360 | €100 | - | - | €18k | - |
| Cash at bank and in hand54/58 | €101k | €100k | €100k | €10k | €6k | ▼ 46.3% |
| Deferred charges and accrued income490/1 | €130k | €4k | €4k | €3k | €4k | ▲ 42.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.23M | €1.97M | €1.98M | €1.86M | €2.15M | ▲ 15.8% |
| Equity10/15 | €914k | €950k | €1.03M | €1.05M | €1.10M | ▲ 5.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | €1.00M | €1.00M | €1.00M | €1.00M | €1.00M | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-155k | €-118k | €-35k | €-22k | €30k | ▲ 236% |
| Amounts payable17/49 | €1.32M | €1.02M | €944k | €810k | €1.05M | ▲ 29.6% |
| Amounts payable after more than one year17 | €1.08M | €777k | €641k | €684k | €835k | ▲ 22.1% |
| Financial debts170/4 | €807k | €692k | €572k | €614k | €819k | ▲ 33.3% |
| Other amounts payable178/9 | €278k | €85k | €69k | €70k | €16k | ▼ 76.7% |
| Amounts payable within one year42/48 | €233k | €243k | €303k | €126k | €215k | ▲ 70.4% |
| Current portion of amounts payable after more than one year42 | €112k | €125k | €126k | €44k | €82k | ▲ 84.8% |
| Trade debts44 | €100k | €104k | €156k | €50k | €100k | ▲ 102% |
| Suppliers440/4 | €100k | €104k | €156k | €50k | €100k | ▲ 102% |
| Taxes, remuneration and social security45 | €6k | €5k | €11k | €23k | €23k | ▲ 1.4% |
| Taxes450/3 | €6k | €5k | €11k | €14k | €23k | ▲ 67.2% |
| Remuneration and social security454/9 | - | - | - | €9k | - | - |
| Other amounts payable47/48 | €16k | €9k | €9k | €9k | €9k | ▼ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141k | €36k | €83k | €13k | €53k | ▲ 306% |
| + Depreciation and write-downs630 | €33k | €35k | €35k | €36k | €47k | ▲ 31.0% |
| Operating cash flow (approximation) | €175k | €71k | €118k | €48k | €99k | ▲ 104% |
| Investment in fixed assets (approximation) | - | €100k | €-10k | €-3k | €-282k | ▼ 8,408% |
| Change in cash | - | €-470 | €-39 | €-90k | €-5k | ▲ 94.6% |
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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €1MEq €1.03M ▲8.7%
5 profitable years in a row build equity to €1.03M.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €141k ▲179%
Operating result €196k, net result €141k, both a record.
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 145 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 98 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 161 days late
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 179 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Ganshoren · 1 establishment unit since 1994
Ground area
1,631 m²
Building footprint
229 m²
Volume, LiDAR
1,807 m³
Parcel 21392B0026/00P009, Brussels · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
OLICAF
since 19942.065.559.471
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392B0026/00P009 | Brussels | 1,631 m² | 1 · 229 m² | 12.5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,423 companies in sector 46389 we hold annual accounts for 853. 459 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-11-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
Scores and ratios are computed by Checked and are not a credit decision.