Olin
ActiveSummary
Olin has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €531k and a net result of €39k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency33▼-2
Growth35=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.9 in 2024; short-term debt: 64.1% and cash: 0.5% of total assets), and 91.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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
8.3%
Return on assets
0.6%
Age of the figures
18 mo
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
2025
on the day
2024
1 d early
2023
27 d late
2022
30 d late
2021
30 d late
2020
60 d early
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€347k▼ 51.4%
2019 · €714k
2019: €714k
2020: €347k▼ -51.4% vs 2019
2019 → 2020
EBIT margin
21.5%▼ 42.8pp
2019 · 64.3%
2019: 64.3%
2020: 21.5%▼ -66.6% vs 2019
2019 → 2020
Net result
€39k▼ 38.0%
2024 · €63k
2019: €276khighest in 7 years
2020: €48k▼ -82.6% vs 2019
2021: €27k▼ -44.2% vs 2020
2022: €-83k▼ -409% vs 2021lowest in 7 years
2023: €10k▲ +113% vs 2022
2024: €63k▲ +509% vs 2023
2025: €39k▼ -38.0% vs 2024
2019 → 2025
Working capital
€650k▼ 57.6%
2024 · €1.53M
2019: €-319k
2020: €-520k▼ -62.9% vs 2019lowest in 7 years
2021: €106k▲ +120% vs 2020
2022: €14k▼ -86.4% vs 2021
2023: €12k▼ -13.3% vs 2022
2024: €1.53M▲ +12155% vs 2023highest in 7 years
2025: €650k▼ -57.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€500k-€418k▼ 16.5%€428k▲ 2.5%€491k▲ 14.8%€531k▲ 8.0%
2021: €500k
2022: €418k▼ -16.5% vs 2021lowest in 5 years
2023: €428k▲ +2.5% vs 2022
2024: €491k▲ +14.8% vs 2023
2025: €531k▲ +8.0% vs 2024highest in 5 years
Operating result€52k-€-56k€38k€61k▲ 61.4%€60k▼ 2.6%
2021: €52k
2022: €-56k▼ -207% vs 2021lowest in 5 years
2023: €38k▲ +168% vs 2022
2024: €61k▲ +61.4% vs 2023highest in 5 years
2025: €60k▼ -2.6% vs 2024
Net result€27k-€-83k€10k€63k▲ 509%€39k▼ 38.0%
2021: €27k
2022: €-83k▼ -409% vs 2021lowest in 5 years
2023: €10k▲ +113% vs 2022
2024: €63k▲ +509% vs 2023highest in 5 years
2025: €39k▼ -38.0% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.42M
Fixed assets
€1.65M ▼ 4.2%
Current assets
€4.77M ▲ 47.4%
Equity and liabilities €6.42M
Equity
€531k ▲ 8.0%
Provisions
€84k ▼ 3.8%
Debt
€5.80M ▲ 32.6%
Debt's share of the balance-sheet total rises from 88.3% to 90.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€164k▼
2024 · €166k
Cash flow
€143k▼
2024 · €168k
Current ratio
1.16▼
2024 · 1.90
Quick ratio
0.02▼
2024 · 0.44
Debt to equity
10.93▲
2024 · 8.91
ROE
7.4%▼
2024 · 12.9%
ROA
0.6%▼
2024 · 1.3%
Interest coverage
6.00▼
2024 · 6.24
Debt ≤ 1 year
€4.12M▲
2024 · €1.70M
Debt > 1 year
€1.69M▼
2024 · €2.68M
Income taxes
€20k▲
2024 · €9k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.96M€6.42M▲
Fixed assets21/28€1.72M€1.65M▼
Tangible fixed assets22/27€1.72M€1.65M▼
Land and buildings22€1.58M€1.52M▼
Plant, machinery and equipment23€251€136▼
Furniture and vehicles24€90k€98k▲
Leasing and similar rights25€56k€34k▼
Current assets29/58€3.23M€4.77M▲
Stocks and contracts in progress3€2.48M€4.70M▲
Stocks30/36€2.48M€4.70M▲
Amounts receivable within one year40/41€28k€36k▲
Trade receivables40€28k€36k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€720k€33k▼
Equity and liabilities
Total equity and liabilities10/49€4.96M€6.42M▲
Equity10/15€491k€531k▲
Contributions10/11€240k€240k=
Reserves13€270k€291k▲
Tax-exempt reserves132€270k€260k▼
Distributable reserves133-€30k
Profit (loss) carried forward14€-19k€0▲
Provisions and deferred taxes16€87k€84k▼
Deferred taxes168€87k€84k▼
Amounts payable17/49€4.38M€5.80M▲
Amounts payable after more than one year17€2.68M€1.69M▼
Financial debts170/4€2.68M€1.69M▼
Amounts payable within one year42/48€1.70M€4.12M▲
Current portion of amounts payable after more than one year42€107k€111k▲
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€144k€433k▲
Suppliers440/4€144k€433k▲
Advances received on contracts in progress46€501k€1.77M▲
Taxes, remuneration and social security45€39k€57k▲
Taxes450/3€39k€57k▲
Other amounts payable47/48€910k€1.74M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105k€104k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€12k
Other operating charges640/8€47k€50k▲
Gross operating margin9900€214k€226k▲
Operating profit (loss)9901€61k€60k▼
Financial income75/76B€34k€24k▼
Recurring financial income75€34k€24k▼
Financial charges65/66B€27k€27k▲
Recurring financial charges65€27k€27k▲
Profit (loss) for the period before taxes9903€69k€56k▼
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€9k€20k▲
Profit (loss) for the period9904€63k€39k▼
Transfer from tax-exempt reserves789€10k€10k=
Profit (loss) for the period to be appropriated9905€73k€49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€30k▲
Profit (loss) brought forward from the previous period14P€-92k€-19k▲
Transfer to equity691/2-€30k
To other reserves6921-€30k
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105k | €109k | €107k | €105k | €104k | ▼ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €12k | - |
| Other operating charges640/8 | - | €44k | €29k | €47k | €50k | ▲ 6.2% |
| Gross operating margin9900 | €193k | €97k | €175k | €214k | €226k | ▲ 5.6% |
| Operating profit (loss)9901 | €52k | €-56k | €38k | €61k | €60k | ▼ 2.6% |
| Financial income75/76B | - | €0 | - | €34k | €24k | ▼ 30.8% |
| Recurring financial income75 | €0 | €0 | - | €34k | €24k | ▼ 30.8% |
| Financial charges65/66B | - | €30k | €31k | €27k | €27k | ▲ 2.2% |
| Recurring financial charges65 | €29k | €30k | €31k | €27k | €27k | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €24k | €-86k | €7k | €69k | €56k | ▼ 18.5% |
| Transfer from deferred taxes780 | - | €3k | €3k | €3k | €3k | = |
| Income taxes67/77 | - | - | - | €9k | €20k | ▲ 131% |
| Profit (loss) for the period9904 | €27k | €-83k | €10k | €63k | €39k | ▼ 38.0% |
| Transfer from tax-exempt reserves789 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) for the period to be appropriated9905 | €37k | €-73k | €20k | €73k | €49k | ▼ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.06M | €2.85M | €2.94M | €4.96M | €6.42M | ▲ 29.5% |
| Fixed assets21/28 | €2.03M | €1.93M | €1.82M | €1.72M | €1.65M | ▼ 4.2% |
| Tangible fixed assets22/27 | €2.03M | €1.93M | €1.82M | €1.72M | €1.65M | ▼ 4.2% |
| Land and buildings22 | - | €1.69M | €1.63M | €1.58M | €1.52M | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €546 | €367 | €251 | €136 | ▼ 46.0% |
| Furniture and vehicles24 | - | €133k | €105k | €90k | €98k | ▲ 8.4% |
| Leasing and similar rights25 | - | €101k | €78k | €56k | €34k | ▼ 39.7% |
| Current assets29/58 | €1.03M | €925k | €1.13M | €3.23M | €4.77M | ▲ 47.4% |
| Stocks and contracts in progress3 | €660k | €732k | €1.06M | €2.48M | €4.70M | ▲ 89.0% |
| Stocks30/36 | - | €732k | €1.06M | €2.48M | €4.70M | ▲ 89.0% |
| Amounts receivable within one year40/41 | €31k | €35k | €38k | €28k | €36k | ▲ 30.2% |
| Trade receivables40 | - | €32k | €36k | €28k | €36k | ▲ 30.2% |
| Other amounts receivable41 | - | €4k | €2k | €0 | - | - |
| Cash at bank and in hand54/58 | €335k | €155k | €24k | €720k | €33k | ▼ 95.4% |
| Deferred charges and accrued income490/1 | - | €3k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.06M | €2.85M | €2.94M | €4.96M | €6.42M | ▲ 29.5% |
| Equity10/15 | €500k | €418k | €428k | €491k | €531k | ▲ 8.0% |
| Contributions10/11 | - | €240k | €240k | €240k | €240k | = |
| Reserves13 | €299k | €290k | €280k | €270k | €291k | ▲ 7.6% |
| Tax-exempt reserves132 | - | €290k | €280k | €270k | €260k | ▼ 3.6% |
| Distributable reserves133 | - | - | - | - | €30k | - |
| Profit (loss) carried forward14 | €-39k | €-112k | €-92k | €-19k | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €97k | €93k | €90k | €87k | €84k | ▼ 3.8% |
| Deferred taxes168 | - | €93k | €90k | €87k | €84k | ▼ 3.8% |
| Amounts payable17/49 | €2.47M | €2.34M | €2.43M | €4.38M | €5.80M | ▲ 32.6% |
| Amounts payable after more than one year17 | €1.54M | €1.43M | €1.31M | €2.68M | €1.69M | ▼ 37.0% |
| Financial debts170/4 | - | €1.43M | €1.31M | €2.68M | €1.69M | ▼ 37.0% |
| Amounts payable within one year42/48 | €923k | €910k | €1.11M | €1.70M | €4.12M | ▲ 142% |
| Current portion of amounts payable after more than one year42 | - | €114k | €116k | €107k | €111k | ▲ 3.5% |
| Financial debts43 | - | - | - | - | €1k | - |
| Credit institutions430/8 | - | - | - | - | €1k | - |
| Trade debts44 | €73k | €110k | €88k | €144k | €433k | ▲ 200% |
| Suppliers440/4 | - | €110k | €88k | €144k | €433k | ▲ 200% |
| Advances received on contracts in progress46 | - | - | - | €501k | €1.77M | ▲ 254% |
| Taxes, remuneration and social security45 | - | - | - | €39k | €57k | ▲ 45.4% |
| Taxes450/3 | - | - | - | €39k | €57k | ▲ 45.4% |
| Other amounts payable47/48 | - | €686k | €910k | €910k | €1.74M | ▲ 91.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €-83k | €10k | €63k | €39k | ▼ 38.0% |
| + Depreciation and write-downs630 | €105k | €109k | €107k | €105k | €104k | ▼ 1.3% |
| Operating cash flow (approximation) | €132k | €27k | €118k | €168k | €143k | ▼ 15.1% |
| Investment in fixed assets (approximation) | - | €-578 | €0 | €-11k | €-32k | ▼ 199% |
| Change in cash | - | €-180k | €-130k | €696k | €-687k | ▼ 199% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €500kEq €531k ▲8%
3 profitable years in a row build equity to €531k.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
31-03
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-03
Financial
Liquidity triplescurrent ratio 1.11
Current ratio from 0.41 to 1.11.
31-03
Financial
Equity above €500kEq €500k ▲15.2%
3 profitable years in a row build equity to €500k.
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
Show earlier events
2018
12-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Sint-Martens-Latem · 1 establishment unit since 2008
Ground area
1,872 m²
Building footprint
331 m²
Volume, LiDAR
2,316 m³
Parcel 44064A0498/00D000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vossestaart 14, 9830 Sint-Martens-Latem
since 20082.300.901.861
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0498/00D000 | Flanders | 1,872 m² | 1 · 331 m² | 10.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 7,534 EUR awarded · 7,534 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,340 EUR | 7,340 EUR |
| 2022 | 1 | 194 EUR | 194 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 890 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
Founded16-07-2008
Fiscal year end31-03
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68310Real estate agency activities
Contact
Website
www.olin.be
E-mail
info@olin.be
Scores and ratios are computed by Checked and are not a credit decision.