OLIO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 48 filings
Turnover
≈ €140,000
Estimated: probably between €67,000 and €400,000
Total assets
€32,177▼ 3.8%
2024 · €33,441
Net result
€3,368▼ 80.3%
2024 · €17,106
Working capital
€16,152▲ 32.7%
2024 · €12,169
In the rankings
#4 oldest company in Fleurus, Wholesale and retail trade sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€7,365
▼ 64.5%
2025
20182025
Net result
€3,368
▼ 80.3%
2025
middle half of the sector
20182025
Equity
€17,515
▲ 23.8%
2025
middle half of the sector
20182025
Total assets
€32,177
▼ 3.8%
2025
lowest quarter of the sector
20182025
Debt
€14,662
▼ 24.0%
2025
20182025
Working capital
€16,152
▲ 32.7%
2025
middle half of the sector
20182025
Solvency
54.4%
▲ 12.1pp
2025
middle half of the sector
20182025
Current ratio
2.10
▲ 0.47
2025
middle half of the sector
20182025
Return on assets (ROA)
10.5%
▼ 40.7pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€5,295--€9,538▼ 80.1%€2,820€21,374▲ 658%-€1,437-€1,200▲ 16.5%€20,764€7,365▼ 64.5%
Net result-€5,538--€9,774▼ 76.5%€2,631within the sector's middle half€21,230within the sector's middle half▲ 707%-€2,405within the sector's middle half-€3,844within the sector's middle half▼ 59.8%€17,106within the sector's middle half€3,368within the sector's middle half▼ 80.3%
Equity-€10,796--€20,571▼ 90.5%-€17,940below the sector's middle half▲ 12.8%€3,290below the sector's middle half€885below the sector's middle half▼ 73.1%-€2,959below the sector's middle half€14,147within the sector's middle half€17,515within the sector's middle half▲ 23.8%
Total assets€12,553-€12,035▼ 4.1%€15,158below the sector's middle half▲ 26.0%€38,519below the sector's middle half▲ 154%€32,010below the sector's middle half▼ 16.9%€26,318below the sector's middle half▼ 17.8%€33,441below the sector's middle half▲ 27.1%€32,177below the sector's middle half▼ 3.8%
Debt€23,350-€32,605▲ 39.6%€33,098▲ 1.5%€35,228▲ 6.4%€31,125▼ 11.6%€29,277▼ 5.9%€19,294▼ 34.1%€14,662▼ 24.0%
Working capital-€12,584--€26,151▼ 108%-€21,825below the sector's middle half▲ 16.5%-€600within the sector's middle half▲ 97.3%-€2,028within the sector's middle half▼ 238%-€4,967within the sector's middle half▼ 145%€12,169within the sector's middle half€16,152within the sector's middle half▲ 32.7%
Solvency-86.0%--170.9%▼ 84.9pp-118.3%below the sector's middle half▲ 52.6pp8.5%within the sector's middle half▲ 126.9pp2.8%below the sector's middle half▼ 5.8pp-11.2%below the sector's middle half▼ 14.0pp42.3%within the sector's middle half▲ 53.5pp54.4%within the sector's middle half▲ 12.1pp
Current ratio0.46-0.20▼ 0.260.34below the sector's middle half▲ 0.140.98within the sector's middle half▲ 0.640.93within the sector's middle half▼ 0.050.83below the sector's middle half▼ 0.101.63within the sector's middle half▲ 0.802.10within the sector's middle half▲ 0.47
Return on assets (ROA)-44.1%--81.2%▼ 37.1pp17.4%above the sector's middle half▲ 98.6pp55.1%above the sector's middle half▲ 37.8pp-7.5%below the sector's middle half▼ 62.6pp-14.6%below the sector's middle half▼ 7.1pp51.2%above the sector's middle half▲ 65.8pp10.5%within the sector's middle half▼ 40.7pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 65% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,177
Fixed assets
€1,363 ▼ 31.1%
Current assets
€30,814 ▼ 2.1%
Equity and liabilities €32,177
Equity
€17,515 ▲ 23.8%
Debt
€14,662 ▼ 24.0%
Debt's share of the balance-sheet total falls from 57.7% to 45.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,823▼
2024 · €21,798
Cash flow
€4,826▼
2024 · €18,140
Quick ratio
1.73▲
2024 · 1.02
Debt to equity
0.84▼
2024 · 1.36
ROE
19.2%▼
2024 · 120.9%
Interest coverage
2.34▼
2024 · 6.35
Debt ≤ 1 year
€14,662▼
2024 · €19,294
Income taxes
€330▲
2024 · €255
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,396 | €743 | €990 | €1,004 | €843 |
| Depreciation and write-downs of the year | €1,392 | €1,720 | €1,895 | €1,034 | €1,458 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €292 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,218 | €1,993 | €1,694 | €1,392 | €1,720 | €1,895 | €1,034 | €1,458 | ▲ 41.1% |
| Gross operating margin9900 | -€4,077 | -€7,546 | €4,514 | €22,766 | €283 | €695 | €21,798 | €8,823 | ▼ 59.5% |
| Operating profit (loss)9901 | -€5,295 | -€9,538 | €2,820 | €21,374 | -€1,437 | -€1,200 | €20,764 | €7,365 | ▼ 64.5% |
| Financial income75/76B | - | - | - | €1 | €1 | €0 | €30 | €104 | ▲ 249% |
| Recurring financial income75 | - | €1 | - | €1 | €1 | €0 | €30 | €104 | ▲ 249% |
| Financial charges65/66B | - | - | - | €144 | €968 | €2,519 | €3,432 | €3,771 | ▲ 9.9% |
| Recurring financial charges65 | €243 | €237 | €189 | €144 | €947 | €2,519 | €3,432 | €3,771 | ▲ 9.9% |
| Non-recurring financial charges66B | - | - | - | - | €21 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€5,538 | -€9,774 | €2,631 | €21,230 | -€2,405 | -€3,718 | €17,361 | €3,698 | ▼ 78.7% |
| Income taxes67/77 | - | - | - | - | - | €126 | €255 | €330 | ▲ 29.3% |
| Profit (loss) for the period9904 | -€5,538 | -€9,774 | €2,631 | €21,230 | -€2,405 | -€3,844 | €17,106 | €3,368 | ▼ 80.3% |
| Profit (loss) for the period to be appropriated9905 | -€5,538 | -€9,774 | €2,631 | €21,230 | -€2,405 | -€3,844 | €17,106 | €3,368 | ▼ 80.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12,553 | €12,035 | €15,158 | €38,519 | €32,010 | €26,318 | €33,441 | €32,177 | ▼ 3.8% |
| Fixed assets21/28 | €1,788 | €5,580 | €3,886 | €3,890 | €2,913 | €2,008 | €1,978 | €1,363 | ▼ 31.1% |
| Intangible fixed assets21 | €150 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,638 | €5,580 | €3,886 | €3,890 | €2,913 | €2,008 | €1,978 | €1,363 | ▼ 31.1% |
| Plant, machinery and equipment23 | - | - | - | €2,314 | €1,823 | €518 | €369 | €221 | ▼ 40.2% |
| Furniture and vehicles24 | - | - | - | €1,576 | €1,090 | €1,490 | €1,609 | €1,142 | ▼ 29.0% |
| Current assets29/58 | €10,766 | €6,455 | €11,273 | €34,629 | €29,097 | €24,310 | €31,463 | €30,814 | ▼ 2.1% |
| Stocks and contracts in progress3 | €9,689 | €5,182 | €8,012 | €10,785 | €7,494 | €9,136 | €11,873 | €5,481 | ▼ 53.8% |
| Stocks30/36 | - | - | - | €10,785 | €7,494 | €9,136 | €11,873 | €5,481 | ▼ 53.8% |
| Amounts receivable within one year40/41 | €827 | €858 | €232 | €488 | €6,125 | €5,884 | €1,964 | €4,391 | ▲ 124% |
| Trade receivables40 | - | - | - | €488 | €6,125 | €5,068 | €487 | €384 | ▼ 21.2% |
| Other amounts receivable41 | - | - | - | - | - | €816 | €1,478 | €4,008 | ▲ 171% |
| Cash at bank and in hand54/58 | €198 | €361 | €3,029 | €23,355 | €15,478 | €4,234 | €13,634 | €18,136 | ▲ 33.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €5,056 | €3,991 | €2,805 | ▼ 29.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12,553 | €12,035 | €15,158 | €38,519 | €32,010 | €26,318 | €33,441 | €32,177 | ▼ 3.8% |
| Equity10/15 | -€10,796 | -€20,571 | -€17,940 | €3,290 | €885 | -€2,959 | €14,147 | €17,515 | ▲ 23.8% |
| Contributions10/11 | €70,200 | €70,200 | - | €70,200 | €70,200 | €70,200 | €70,200 | €70,200 | = |
| Reserves13 | €365,523 | €365,523 | €365,523 | €365,523 | €365,523 | €365,523 | €365,523 | €365,523 | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €365,523 | - |
| Distributable reserves133 | - | - | - | €365,523 | €365,523 | €365,523 | €365,523 | - | - |
| Profit (loss) carried forward14 | -€446,520 | -€456,294 | -€453,663 | -€432,433 | -€434,838 | -€438,682 | -€421,576 | -€418,208 | ▲ 0.8% |
| Amounts payable17/49 | €23,350 | €32,605 | €33,098 | €35,228 | €31,125 | €29,277 | €19,294 | €14,662 | ▼ 24.0% |
| Amounts payable within one year42/48 | €23,350 | €32,605 | €33,098 | €35,228 | €31,125 | €29,277 | €19,294 | €14,662 | ▼ 24.0% |
| Trade debts44 | €1,154 | €301 | - | €1,602 | €7,105 | €7,771 | €307 | €392 | ▲ 27.8% |
| Suppliers440/4 | - | - | - | €1,602 | €7,105 | €7,771 | €307 | €392 | ▲ 27.8% |
| Taxes, remuneration and social security45 | - | - | - | €3,809 | €3,090 | €3,041 | - | - | - |
| Taxes450/3 | - | - | - | €3,809 | €3,090 | €3,041 | - | - | - |
| Other amounts payable47/48 | - | - | - | €29,818 | €20,930 | €18,464 | €18,987 | €14,270 | ▼ 24.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,538 | -€9,774 | €2,631 | €21,230 | -€2,405 | -€3,844 | €17,106 | €3,368 | ▼ 80.3% |
| + Depreciation and write-downs630 | €1,218 | €1,993 | €1,694 | €1,392 | €1,720 | €1,895 | €1,034 | €1,458 | ▲ 41.1% |
| Operating cash flow (approximation) | -€4,320 | -€7,782 | €4,325 | €22,622 | -€685 | -€1,949 | €18,140 | €4,826 | ▼ 73.4% |
| Investment in fixed assets (approximation) | - | -€5,785 | €0 | -€1,396 | -€743 | -€990 | -€1,004 | -€843 | ▲ 16.0% |
| Change in cash | - | €163 | €2,668 | €20,326 | -€7,878 | -€11,244 | €9,401 | €4,502 | ▼ 52.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as OLIO has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OLIO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for OLIO. 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.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00228621 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00240530 | |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00246375 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00273186 | |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20273589 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-45000565 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-38600514 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60300537 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26900411 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39200211 |