OLIMAR
ActiveSummary
OLIMAR has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56,717 and a net result of €18,319. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 19917 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability90▼-10
Solvency88▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.31 against 3.15 in 2023; short-term debt: 21.7% and cash: 39.5% of total assets), and 36.8% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% 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
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
63.2%
Return on assets
20.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
30 d early
2022
1 d late
2021
47 d late
2020
60 d early
2019
18 d early
← 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 2 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€204,065
EBIT margin
14.6%
Net result
€18,319▼ 0.7%
2023 · €18,450
Working capital
€45,078▲ 60.9%
2023 · €28,012
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€204,065
Operating result€3,492▼ 73.6%€12,407▲ 255%€7,156▼ 42.3%€17,743▲ 148%€29,744▲ 67.6%
Net result-€1,564€1,717€1,379▼ 19.7%€18,450▲ 1,238%€18,319▼ 0.7%
EBIT margin14.6%
Equity€16,851▼ 8.5%€18,569▲ 10.2%€19,948▲ 7.4%€38,398▲ 92.5%€56,717▲ 47.7%
Total assets€71,485▼ 19.0%€59,663▼ 16.5%€53,953▼ 9.6%€66,999▲ 24.2%€89,741▲ 33.9%
Debt€54,634▼ 21.8%€41,095▼ 24.8%€34,006▼ 17.2%€28,602▼ 15.9%€33,024▲ 15.5%
Working capital€860▼ 68.5%€7,332▲ 753%€9,165▲ 25.0%€28,012▲ 206%€45,078▲ 60.9%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 68% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89,741
Fixed assets
€25,159 ▼ 3.0%
Current assets
€64,582 ▲ 57.3%
Equity and liabilities €89,741
Equity
€56,717 ▲ 47.7%
Debt
€33,024 ▲ 15.5%
Debt's share of the balance-sheet total falls from 42.7% to 36.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,924▲
2023 · €20,719
Cash flow
€20,499▼
2023 · €21,426
Current ratio
3.31▲
2023 · 3.15
Debt to equity
0.58▼
2023 · 0.74
ROE
32.3%▼
2023 · 48.1%
ROA
20.4%▼
2023 · 27.5%
Interest coverage
14.49▲
2023 · 7.66
Debt ≤ 1 year
€19,504▲
2023 · €13,047
Debt > 1 year
€13,521▼
2023 · €15,555
Income taxes
€9,221▲
2023 · €8,264
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €204,065 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €171,293 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,567 | €9,071 | €9,825 | €2,976 | €2,180 | ▼ 26.8% |
| Other operating charges640/8 | - | €806 | €920 | €811 | €848 | ▲ 4.6% |
| Gross operating margin9900 | €15,746 | €22,284 | €17,900 | €21,530 | €32,772 | ▲ 52.2% |
| Operating profit (loss)9901 | €3,492 | €12,407 | €7,156 | €17,743 | €29,744 | ▲ 67.6% |
| Financial income75/76B | - | €648 | €622 | €11,674 | - | - |
| Recurring financial income75 | €0 | €648 | €622 | €11,674 | - | - |
| Financial charges65/66B | - | €7,438 | €2,537 | €2,703 | €2,203 | ▼ 18.5% |
| Recurring financial charges65 | €2,442 | €2,586 | €2,537 | €2,703 | €2,203 | ▼ 18.5% |
| Non-recurring financial charges66B | - | €4,852 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,050 | €5,617 | €5,241 | €26,714 | €27,540 | ▲ 3.1% |
| Income taxes67/77 | €2,614 | €3,899 | €3,862 | €8,264 | €9,221 | ▲ 11.6% |
| Profit (loss) for the period9904 | -€1,564 | €1,717 | €1,379 | €18,450 | €18,319 | ▼ 0.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,564 | €1,717 | €1,379 | €18,450 | €18,319 | ▼ 0.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,485 | €59,663 | €53,953 | €66,999 | €89,741 | ▲ 33.9% |
| Fixed assets21/28 | €49,212 | €37,268 | €28,323 | €25,940 | €25,159 | ▼ 3.0% |
| Tangible fixed assets22/27 | €49,102 | €37,158 | €28,213 | €25,830 | €25,049 | ▼ 3.0% |
| Furniture and vehicles24 | - | €3,178 | €2,314 | €1,050 | €1,387 | ▲ 32.1% |
| Leasing and similar rights25 | - | €6,964 | - | - | - | - |
| Other tangible fixed assets26 | - | €27,017 | €25,899 | €24,781 | €23,662 | ▼ 4.5% |
| Financial fixed assets28 | €110 | €110 | €110 | €110 | €110 | = |
| Current assets29/58 | €22,273 | €22,395 | €25,631 | €41,059 | €64,582 | ▲ 57.3% |
| Amounts receivable within one year40/41 | €15,218 | €8,501 | €17,266 | €26,758 | €29,136 | ▲ 8.9% |
| Trade receivables40 | - | €3,200 | €3,405 | €3,200 | €8,706 | ▲ 172% |
| Other amounts receivable41 | - | €5,301 | €13,860 | €23,558 | €20,430 | ▼ 13.3% |
| Cash at bank and in hand54/58 | €0 | €3,071 | €386 | €3,253 | €35,445 | ▲ 989% |
| Deferred charges and accrued income490/1 | - | €10,823 | €7,980 | €11,047 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,485 | €59,663 | €53,953 | €66,999 | €89,741 | ▲ 33.9% |
| Equity10/15 | €16,851 | €18,569 | €19,948 | €38,398 | €56,717 | ▲ 47.7% |
| Contributions10/11 | €6,200 | €8,060 | €6,200 | €8,060 | €8,060 | = |
| Capital10 | - | - | €6,200 | - | €8,060 | - |
| Issued capital100 | - | - | €18,600 | - | €20,460 | - |
| Uncalled capital101 | - | - | €12,400 | - | €12,400 | - |
| Reserves13 | €20,860 | €19,000 | €20,860 | €29,000 | €29,000 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - | - | - |
| Legal reserve130 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | €19,000 | €19,000 | €29,000 | €29,000 | = |
| Profit (loss) carried forward14 | -€10,209 | -€8,491 | -€7,112 | €1,338 | €19,657 | ▲ 1,370% |
| Amounts payable17/49 | €54,634 | €41,095 | €34,006 | €28,602 | €33,024 | ▲ 15.5% |
| Amounts payable after more than one year17 | €33,220 | €26,031 | €17,540 | €15,555 | €13,521 | ▼ 13.1% |
| Financial debts170/4 | - | €26,031 | €17,540 | €15,555 | €13,521 | ▼ 13.1% |
| Amounts payable within one year42/48 | €21,413 | €15,063 | €16,466 | €13,047 | €19,504 | ▲ 49.5% |
| Current portion of amounts payable after more than one year42 | - | €9,450 | €11,559 | €4,735 | €4,784 | ▲ 1.1% |
| Trade debts44 | €3,091 | €4,713 | €3,146 | €2,486 | €797 | ▼ 68.0% |
| Suppliers440/4 | - | €4,713 | €3,146 | €2,486 | €797 | ▼ 68.0% |
| Taxes, remuneration and social security45 | - | €899 | €1,762 | €5,826 | €13,923 | ▲ 139% |
| Taxes450/3 | - | €899 | €1,762 | €5,826 | €11,006 | ▲ 88.9% |
| Remuneration and social security454/9 | - | - | - | - | €2,916 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,564 | €1,717 | €1,379 | €18,450 | €18,319 | ▼ 0.7% |
| + Depreciation and write-downs630 | €11,567 | €9,071 | €9,825 | €2,976 | €2,180 | ▼ 26.8% |
| Operating cash flow (approximation) | €10,003 | €10,788 | €11,204 | €21,426 | €20,499 | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | €2,873 | -€879 | -€594 | -€1,399 | ▼ 136% |
| Change in cash | - | €3,071 | -€2,685 | €2,868 | €32,192 | ▲ 1,023% |
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
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €18,450 ▲1,238%
Net result €18,450, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.15
Current ratio from 1.56 to 3.15; short-term debt falls from €16,466 to €13,047.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 47 days late
2021
31-12
Financial
Back to profitnet €1,717
Net result €1,717 after one loss-making year.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €5,540
Net result €5,540 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Nivelles
Ground area
674 m²
Building footprint
98 m²
Volume, LiDAR
595 m³
Parcel 25783F0440/00F000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783F0440/00F000 | Wallonia | 674 m² | 1 · 98 m² | 7.7 m · 2 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 16,630 companies in sector 86220 we hold annual accounts for 7,981. 5,294 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
Founded27-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
86951Physiotherapy
Scores and ratios are computed by Checked and are not a credit decision.