Equity
€530,686 ▲ 8.0%
Olin has made a profit without a break since 2023.
Olin
Lifetime
16 annual accounts with figures on one time axispeak €572,794 (2019)
€225,657▲ 5.6%
lowest -€135,980 (2011)
€39,274▼ 38.0%
peak €530,686 (2025)
€530,686▲ 8.0%
€5.8m▲ 32.6%
Board2 names since 2020
1 directorDEMEULEMEESTER Olivier Germain Lionel
Owners
Documentsfilings and deeds
31-10-2025on the last day
2025micro format
Result from €63,391 to €39,274Debts from €4.4m to €5.8mCash from €720,363 to €33,255
Key points
from the 2025 annual accountsTurnover
≈ €390,000 estimated
The accounts state no turnover.
Debts
€5.8m 90% of the balance sheet
Financial debts 29%Suppliers 7%Taxes and wages 1%Other 62%
Of this, €4.1m falls due within a year.
Investments
€31,855 0.3 × depreciation
Green is investment, beige is depreciation.
Filings
16 annual accounts 10 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
€530,686
More equity than 85% of companies in real estate. Sector median €73,055 · 17,210 companies.
Checked score
82
Excellent
Financially stronger than 45% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: 0.1%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
11-2026: 0.5%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.16, cash €33,255, halved
Figures for financial year 2025 (filed on 31-10-2025)
Equity €530,686 (8.3% of total assets)
lowers risk
Size: total assets €6.4m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 27% of them on solvency, 14% on liquidity, 70% on profitability and 69% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 190 companies had the same profile as Olin has now. Each dot is one company, two years later.
97.9%
were still trading
1.6%
stopped another way
0.5%
went bankrupt
That fits the bankruptcy probability of Olin itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 190 companies, not a prediction for Olin. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.16 (1.9 in 2024), below the usual 1.5. Short-term debt is 64.1% and cash 0.5% of total assets. 91.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
1 day early
2023
27 days late
2022
30 days late
2021
30 days late
2020
60 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 4 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899315902
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Ingelmunster
Environmental permit refused
Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Ingelmunster
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen and 3 more · Ingelmunster
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Olin Sint-Martens-Latem | €6.4m | €225,657 | 8.3% | - |
| COSMOWING Sint-Truiden | €5.2m | €248,076 | 24.3% | - |
| IMMO MGN Deinze | €6.1m | €294,613 | 62.8% | - |
| HERPAIN URBIS RETAIL MANAGEMENT Uccle | €6.3m | €280,460 | 37.3% | - |
| GOLD INVEST Schaerbeek | €4.2m | €216,041 | 40.7% | 1.5 |
| IMMO BROUWERSHOF Zandhoven | €6.8m | €348,346 | -3.1% | - |
| Accountant Management Consult Spa | €4.6m | €158,900 | 5.4% | 0.3 |
These companies have the same main activity as Olin: property management for co-owned buildings (syndics) (NACE 68321). They are comparable in size and age: total assets between €4.2m and €6.8m, founded between 2004 and 2013.
Official details
Source: KBO- Status
- Active since 16-07-2008Normal situation
- Activity
- Property management for co-owned buildings (syndics)NACE 68321and 1 other
- Establishment unit
- 2.300.901.8619830 Sint-Martens-Latem, since 18-07-2008
- Financial year end
- 31 March
- Peppol
- Reachable since 13-08-2025
Insights on Olin
Olin files the micro format. That format states no turnover. The gross margin rose from -€10,969 in 2010 to €225,657 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Olin
- What is the company number of Olin?
- The company number of Olin is 0899.315.902. The VAT number is the same number with BE in front: BE 0899.315.902.
- Where is Olin based?
- The registered office is at Vossestaart 14, 9830 Sint-Martens-Latem.Company details
- What does Olin do?
- According to the KBO register, the main activity is property management for co-owned buildings (syndics) (NACE 68321).
- What is the legal form of Olin?
- Olin is a private limited company (BV).
- When was Olin founded?
- Olin was founded on 16-07-2008.
- Is Olin still active?
- Yes, Olin is an active enterprise in the KBO register.
- What is the turnover of Olin?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €225,657 and 38 comparable companies (NACE 683). It probably lies between €320,000 and €580,000. In financial year 2020 turnover was €347,238.Financials
- Is Olin profitable?
- In financial year 2025, Olin made a profit of €39,274.
- Where can I find the annual accounts of Olin?
- Olin filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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