OLIMAX
ActiveSummary
OLIMAX has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€284,875) and a net result of -€31,061. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-83
Solvency0=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.04 against 2.39 in 2023; short-term debt: 88.5% and cash: 4.5% of total assets), and equity is negative.
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Signals
Seven 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
-323.6%
Return on assets
-35.3%
Age of the figures
21 mo
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 · 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 →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€284,875
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
30 d early
2022
59 d late
2021
31 d late
2020
31 d late
2019
122 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 28 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€284,875▼ 12.2%
2023 · -€253,814
Total assets
€88,029▼ 38.1%
2023 · €142,275
Net result
-€31,061
2023 · €16,312
Working capital
€3,235▼ 95.7%
2023 · €75,503
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€7,172▼ 56.2%€60,055▲ 737%€24,034▼ 60.0%€25,302▲ 5.3%-€30,708
Net result-€8,026below the sector's middle half€35,973above the sector's middle half€17,859within the sector's middle half▼ 50.4%€16,312within the sector's middle half▼ 8.7%-€31,061below the sector's middle half
Equity-€323,958below the sector's middle half▼ 2.5%-€287,985below the sector's middle half▲ 11.1%-€270,126below the sector's middle half▲ 6.2%-€253,814below the sector's middle half▲ 6.0%-€284,875below the sector's middle half▼ 12.2%
Total assets€59,157below the sector's middle half▼ 14.0%€83,414within the sector's middle half▲ 41.0%€110,792within the sector's middle half▲ 32.8%€142,275within the sector's middle half▲ 28.4%€88,029within the sector's middle half▼ 38.1%
Debt€383,115▼ 0.4%€371,398▼ 3.1%€380,918▲ 2.6%€396,089▲ 4.0%€372,904▼ 5.9%
Working capital€5,329within the sector's middle half€53,772within the sector's middle half▲ 909%€52,911within the sector's middle half▼ 1.6%€75,503within the sector's middle half▲ 42.7%€3,235within the sector's middle half▼ 95.7%
Solvency-547.6%below the sector's middle half▼ 88.2pp-345.2%below the sector's middle half▲ 202.4pp-243.8%below the sector's middle half▲ 101.4pp-178.4%below the sector's middle half▲ 65.4pp-323.6%below the sector's middle half▼ 145.2pp
Current ratio1.12within the sector's middle half▲ 0.832.82within the sector's middle half▲ 1.712.36within the sector's middle half▼ 0.472.39within the sector's middle half▲ 0.041.04within the sector's middle half▼ 1.35
Return on assets (ROA)-13.6%below the sector's middle half▼ 19.9pp43.1%above the sector's middle half▲ 56.7pp16.1%above the sector's middle half▼ 27.0pp11.5%within the sector's middle half▼ 4.7pp-35.3%below the sector's middle half▼ 46.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €30,708 after €25,302 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88,029
Fixed assets
€6,890 ▼ 45.1%
Current assets
€81,139 ▼ 37.4%
Key figures and ratios
EBITDA
-€24,428▼
2023 · €31,582
Cash flow
-€24,781▼
2023 · €22,592
Debt to equity
-1.31▲
2023 · -1.56
Interest coverage
-86.27▼
2023 · 76.98
Debt ≤ 1 year
€77,904▲
2023 · €54,211
Debt > 1 year
€295,000=
2023 · €295,000
Income taxes
€69▼
2023 · €8,581
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,622 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,759 | €7,434 | €6,280 | €6,280 | €6,280 | = |
| Other operating charges640/8 | - | €1,976 | €1,237 | €850 | €763 | ▼ 10.3% |
| Gross operating margin9900 | €22,996 | €69,465 | €31,551 | €32,433 | -€23,666 | ▼ 173% |
| Operating profit (loss)9901 | €7,172 | €60,055 | €24,034 | €25,302 | -€30,708 | ▼ 221% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 97.7% |
| Recurring financial income75 | €3 | - | - | €0 | €0 | ▼ 97.7% |
| Financial charges65/66B | - | €12,644 | €179 | €410 | €283 | ▼ 31.0% |
| Recurring financial charges65 | €12,891 | €12,644 | €179 | €410 | €283 | ▼ 31.0% |
| Profit (loss) for the period before taxes9903 | -€5,716 | €47,411 | €23,855 | €24,893 | -€30,991 | ▼ 225% |
| Income taxes67/77 | €2,310 | €11,438 | €5,996 | €8,581 | €69 | ▼ 99.2% |
| Profit (loss) for the period9904 | -€8,026 | €35,973 | €17,859 | €16,312 | -€31,061 | ▼ 290% |
| Profit (loss) for the period to be appropriated9905 | -€8,026 | €35,973 | €17,859 | €16,312 | -€31,061 | ▼ 290% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,157 | €83,414 | €110,792 | €142,275 | €88,029 | ▼ 38.1% |
| Fixed assets21/28 | €7,554 | €120 | €18,840 | €12,560 | €6,890 | ▼ 45.1% |
| Tangible fixed assets22/27 | €7,554 | €120 | €18,840 | €12,560 | €6,280 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €120 | €18,840 | €12,560 | €6,280 | ▼ 50.0% |
| Financial fixed assets28 | - | - | - | - | €610 | - |
| Current assets29/58 | €51,603 | €83,294 | €91,952 | €129,715 | €81,139 | ▼ 37.4% |
| Amounts receivable within one year40/41 | €29,436 | €43,124 | €74,463 | €108,114 | €74,745 | ▼ 30.9% |
| Trade receivables40 | - | €42,624 | €73,963 | €106,220 | €72,782 | ▼ 31.5% |
| Other amounts receivable41 | - | €500 | €500 | €1,894 | €1,963 | ▲ 3.6% |
| Cash at bank and in hand54/58 | €21,870 | €40,170 | €17,489 | €20,930 | €3,936 | ▼ 81.2% |
| Deferred charges and accrued income490/1 | - | €0 | - | €670 | €2,458 | ▲ 267% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,157 | €83,414 | €110,792 | €142,275 | €88,029 | ▼ 38.1% |
| Equity10/15 | -€323,958 | -€287,985 | -€270,126 | -€253,814 | -€284,875 | ▼ 12.2% |
| Contributions10/11 | €200,065 | €200,065 | €200,065 | €200,065 | €200,065 | = |
| Capital10 | - | €200,065 | €200,065 | €200,065 | - | - |
| Issued capital100 | - | €200,065 | €200,065 | €200,065 | - | - |
| Outside capital11 | - | - | - | - | €200,065 | - |
| Other1109/19 | - | - | - | - | €200,065 | - |
| Reserves13 | €16,853 | €16,853 | €16,853 | €16,853 | €16,853 | = |
| Non-distributable reserves130/1 | - | €16,853 | €16,853 | €16,853 | €16,853 | = |
| Legal reserve130 | - | €16,853 | €16,853 | €16,853 | €10,656 | ▼ 36.8% |
| Reserves not available under the articles1311 | - | - | - | - | €6,197 | - |
| Profit (loss) carried forward14 | -€540,876 | -€504,903 | -€487,044 | -€470,732 | -€501,793 | ▼ 6.6% |
| Amounts payable17/49 | €383,115 | €371,398 | €380,918 | €396,089 | €372,904 | ▼ 5.9% |
| Amounts payable after more than one year17 | €301,144 | €295,000 | €295,000 | €295,000 | €295,000 | = |
| Other amounts payable178/9 | - | €295,000 | €295,000 | €295,000 | €295,000 | = |
| Amounts payable within one year42/48 | €46,274 | €29,521 | €39,041 | €54,211 | €77,904 | ▲ 43.7% |
| Current portion of amounts payable after more than one year42 | - | €1,144 | - | - | - | - |
| Trade debts44 | €26,734 | €3,606 | €4,329 | €2,684 | €1,979 | ▼ 26.3% |
| Suppliers440/4 | - | €3,606 | €4,329 | €2,684 | €1,979 | ▼ 26.3% |
| Taxes, remuneration and social security45 | - | €17,155 | €12,296 | €14,581 | €6,713 | ▼ 54.0% |
| Taxes450/3 | - | €17,155 | €12,296 | €14,581 | €6,713 | ▼ 54.0% |
| Other amounts payable47/48 | - | €7,616 | €22,416 | €36,946 | €69,213 | ▲ 87.3% |
| Accrued charges and deferred income492/3 | - | €46,877 | €46,877 | €46,877 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,026 | €35,973 | €17,859 | €16,312 | -€31,061 | ▼ 290% |
| + Depreciation and write-downs630 | €7,759 | €7,434 | €6,280 | €6,280 | €6,280 | = |
| Operating cash flow (approximation) | -€266 | €43,407 | €24,139 | €22,592 | -€24,781 | ▼ 210% |
| Investment in fixed assets (approximation) | - | €0 | -€25,000 | €0 | -€610 | - |
| Change in cash | - | €18,300 | -€22,681 | €3,441 | -€16,994 | ▼ 594% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€31,061
Net result drops to -€31,061, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €35,973
Net result €35,973 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.82
Current ratio from 1.12 to 2.82; short-term debt falls from €46,274 to €29,521.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.12
Current ratio from 0.28 to 1.12; short-term debt falls from €187,646 to €46,274.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
13-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 74 days late
2015
23-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lasne · 1 establishment unit since 1995
Ground area
4,423 m²
Building footprint
341 m²
Volume, LiDAR
1,955 m³
2 parcels, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
OLIMAX
since 19952.071.897.927
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25024B0181/00P000 | Wallonia | 2,278 m² | 1 · 124 m² | 7.4 m · 2 fl. |
| 25076F0007/00L000 | Wallonia | 2,145 m² | 1 · 217 m² | 7.0 m · 2 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,146 companies in sector 46190 we hold annual accounts for 2,577. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454609207
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.