OLIMAX
ActiveSummary
OLIMAX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of OLIMAX were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €7k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 9863 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Filed more than 90 days late
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Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
31 d late
2022
on the day
2021
31 d late
2020
31 d late
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€7k▲ 86.5%
2023 · €4k
Net result
€3k
2023 · €-26k
Total assets
€9k▼ 46.4%
2023 · €17k
Solvency
77.8%▲ 55.4pp
2023 · 22.4%
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
Operating result€-9k€21k€5k▼ 74.6%€-25k€3k
Net result€-9k€21k€5k▼ 78.1%€-26k€3k
Equity€5k▼ 67.2%€25k▲ 463%€30k▲ 18.0%€4k▼ 87.2%€7k▲ 86.5%
Total assets€14k▼ 40.7%€35k▲ 152%€44k▲ 27.9%€17k▼ 61.6%€9k▼ 46.4%
Debt€9k▼ 2.2%€9k▲ 1.5%€15k▲ 54.6%€13k▼ 8.8%€2k▼ 84.7%
Working capital€4k▼ 70.4%€24k▲ 573%€33k▲ 34.5%€8k▼ 75.5%€6k▼ 28.3%
Solvency32.7%▼ 26.5pp72.9%▲ 40.2pp67.3%▼ 5.6pp22.4%▼ 44.9pp77.8%▲ 55.4pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €25k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9k
Fixed assets
€2k ▼ 29.5%
Current assets
€7k ▼ 49.3%
Equity and liabilities €9k
Equity
€7k ▲ 86.5%
Debt
€2k ▼ 84.7%
Debt's share of the balance-sheet total falls from 77.6% to 22.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
46.4%▲
2023 · -682.8%
ROA
36.1%▲
2023 · -152.6%
Debt ≤ 1 year
€2k▼
2023 · €7k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €628 | €754 | €943 | €1k | €727 | ▼ 46.4% |
| Other operating charges640/8 | - | €610 | €681 | €62 | - | - |
| Gross operating margin9900 | €-8k | €22k | €7k | €-24k | €4k | ▲ 118% |
| Operating profit (loss)9901 | €-9k | €21k | €5k | €-25k | €3k | ▲ 114% |
| Financial income75/76B | - | €10 | €26 | €0 | - | - |
| Recurring financial income75 | €0 | €10 | €26 | €0 | - | - |
| Financial charges65/66B | - | €293 | €823 | €636 | €194 | ▼ 69.5% |
| Recurring financial charges65 | €179 | €293 | €823 | €636 | €194 | ▼ 69.5% |
| Profit (loss) for the period before taxes9903 | €-9k | €21k | €5k | €-26k | €3k | ▲ 113% |
| Profit (loss) for the period9904 | €-9k | €21k | €5k | €-26k | €3k | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €21k | €5k | €-26k | €3k | ▲ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14k | €35k | €44k | €17k | €9k | ▼ 46.4% |
| Fixed assets21/28 | €2k | €2k | €4k | €2k | €2k | ▼ 29.5% |
| Tangible fixed assets22/27 | €2k | €2k | €4k | €2k | €2k | ▼ 29.5% |
| Furniture and vehicles24 | - | €2k | €4k | €2k | €2k | ▼ 29.5% |
| Current assets29/58 | €12k | €33k | €41k | €15k | €7k | ▼ 49.3% |
| Amounts receivable within one year40/41 | €1k | €6k | €19k | €3k | €2k | ▼ 34.1% |
| Trade receivables40 | - | €4k | €17k | €3k | €2k | ▼ 30.9% |
| Other amounts receivable41 | - | €1k | €2k | €149 | - | - |
| Cash at bank and in hand54/58 | €11k | €15k | €12k | €6k | €5k | ▼ 9.6% |
| Deferred charges and accrued income490/1 | - | €12k | €10k | €6k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14k | €35k | €44k | €17k | €9k | ▼ 46.4% |
| Equity10/15 | €5k | €25k | €30k | €4k | €7k | ▲ 86.5% |
| Contributions10/11 | - | €40k | €40k | €40k | €40k | = |
| Reserves13 | €23k | €23k | €23k | €23k | €23k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | - | - | - |
| Reserves not available under the articles1311 | - | €4k | €4k | - | - | - |
| Distributable reserves133 | - | €19k | €19k | €23k | €23k | = |
| Profit (loss) carried forward14 | €-58k | €-37k | €-33k | €-59k | €-56k | ▲ 5.6% |
| Amounts payable17/49 | €9k | €9k | €15k | €13k | €2k | ▼ 84.7% |
| Amounts payable within one year42/48 | €8k | €8k | €8k | €7k | €2k | ▼ 74.8% |
| Trade debts44 | €5k | €8k | €8k | €6k | €27 | ▼ 99.6% |
| Suppliers440/4 | - | €8k | €8k | €6k | €27 | ▼ 99.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €192 | - |
| Taxes450/3 | - | - | - | - | €192 | - |
| Other amounts payable47/48 | - | €214 | - | €244 | €1k | ▲ 489% |
| Accrued charges and deferred income492/3 | - | €1k | €7k | €7k | €374 | ▼ 94.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €21k | €5k | €-26k | €3k | ▲ 113% |
| + Depreciation and write-downs630 | €628 | €754 | €943 | €1k | €727 | ▼ 46.4% |
| Operating cash flow (approximation) | €-9k | €22k | €5k | €-25k | €4k | ▲ 116% |
| Investment in fixed assets (approximation) | - | €-1k | €-3k | €0 | €0 | - |
| Change in cash | - | €4k | €-3k | €-6k | €-564 | ▲ 90.6% |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.47
Current ratio from 2.22 to 4.47; short-term debt falls from €7k to €2k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.95
Current ratio from 1.44 to 3.95; short-term debt falls from €8k to €8k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
Show earlier events
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Hasselt · 1 establishment unit since 2009
Ground area
6,122 m²
Parcel 71323C0155/00H002, Flanders. Linked by address, not a title deed.
1 establishment unit
Koning Boudewijnlaan 20, 3500 Hasselt
since 20092.176.122.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0155/00H002 | Flanders | 6,122 m² | - | - |
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 24,730 companies in sector 64210 we hold annual accounts for 19,772. 4,079 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
Founded23-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.