OLM Development
ActiveSummary
OLM Development has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€194,407) and a net result of €39,935. Equity has been growing by about 7.8% per year since 2020. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-07-2019 Normal situation
- Registered office
- 12 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.292.091.489 1490 Court-Saint-Etienne, since 01-07-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €151,549
- ▲ 4.5%
- Turnover
- ≈ €390,000
- estimated
- Profit
- €39,935
- ▲ 36.9%
- Equity
- -€194,407
- ▲ 17.0%
- Total assets
- €2.2m
- ▼ 2.1%
- Negative equity on 31-12-2025
- 2025 accounts filed 27 days after the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€194,407lowers riskSize: total assets €2.2mNo main activity registeredFigures for financial year 2025 (filed on 29-08-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, small). It does better than 5% of them on solvency, 9% on liquidity, 57% on profitability and 82% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 2 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447929.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 6 filings
Every figure per financial year
The operating result for 2025 is 13% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €356,969 | €80,554 | €1,007 | - | - |
| Depreciation and write-downs of the year | €66,291 | €73,759 | €74,133 | €74,145 | €71,800 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,100 | €66,291 | €73,759 | €74,133 | €74,145 | €71,800 | ▼ 3.2% |
| Other operating charges640/8 | - | €602 | €165 | €123 | €127 | €141 | ▲ 11.3% |
| Gross operating margin9900 | -€20,810 | €77,007 | €144,373 | €140,496 | €145,032 | €151,549 | ▲ 4.5% |
| Operating profit (loss)9901 | -€290,103 | €10,114 | €70,449 | €66,240 | €70,760 | €79,608 | ▲ 12.5% |
| Financial income75/76B | - | €0 | - | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €40,061 | €43,379 | €53,395 | €41,593 | €39,673 | ▼ 4.6% |
| Recurring financial charges65 | €33,373 | €40,061 | €43,379 | €53,395 | €41,593 | €39,673 | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | -€323,476 | -€29,947 | €27,070 | €12,844 | €29,167 | €39,935 | ▲ 36.9% |
| Profit (loss) for the period9904 | -€323,476 | -€29,947 | €27,070 | €12,844 | €29,167 | €39,935 | ▲ 36.9% |
| Profit (loss) for the period to be appropriated9905 | -€323,476 | -€29,947 | €27,070 | €12,844 | €29,167 | €39,935 | ▲ 36.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.0m | €2.4m | €2.5m | €2.3m | €2.3m | €2.2m | ▼ 2.1% |
| Fixed assets21/28 | €2.0m | €2.2m | €2.3m | €2.2m | €2.1m | €2.0m | ▼ 3.4% |
| Tangible fixed assets22/27 | €2.0m | €2.2m | €2.3m | €2.2m | €2.1m | €2.0m | ▼ 3.4% |
| Land and buildings22 | - | €2.2m | €2.2m | €2.2m | €2.1m | €2.0m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €0.001m | ▼ 12.3% |
| Furniture and vehicles24 | - | €0.01m | €0.01m | €0.006m | €0.002m | €298 | ▼ 86.6% |
| Current assets29/58 | €0.09m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 15.3% |
| Amounts receivable within one year40/41 | - | €0.06m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Trade receivables40 | - | €0.06m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Cash at bank and in hand54/58 | €0.09m | €0.09m | €0.2m | €0.09m | €0.1m | €0.1m | ▲ 27.7% |
| Deferred charges and accrued income490/1 | - | €0.001m | €0.008m | €0.01m | €0.01m | €0.005m | ▼ 62.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.0m | €2.4m | €2.5m | €2.3m | €2.3m | €2.2m | ▼ 2.1% |
| Equity10/15 | -€0.3m | -€0.3m | -€0.3m | -€0.3m | -€0.2m | -€0.2m | ▲ 17.0% |
| Contributions10/11 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Capital10 | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Issued capital100 | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.3m | -€0.4m | -€0.3m | -€0.3m | -€0.3m | -€0.2m | ▲ 14.0% |
| Amounts payable17/49 | €2.3m | €2.7m | €2.8m | €2.6m | €2.5m | €2.4m | ▼ 3.5% |
| Amounts payable after more than one year17 | €0.004m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Other amounts payable178/9 | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Amounts payable within one year42/48 | €2.3m | €2.7m | €2.7m | €2.5m | €2.4m | €2.3m | ▼ 3.8% |
| Financial debts43 | - | €2.3m | €2.4m | €2.0m | €1.9m | €1.8m | ▼ 4.9% |
| Credit institutions430/8 | - | €2.3m | €2.4m | €2.0m | €1.9m | €1.8m | ▼ 4.9% |
| Trade debts44 | €0.02m | €0.002m | €0.002m | €0.001m | €0.001m | €151 | ▼ 72.9% |
| Suppliers440/4 | - | €0.002m | €0.002m | €0.001m | €0.001m | €151 | ▼ 72.9% |
| Other amounts payable47/48 | - | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | = |
| Accrued charges and deferred income492/3 | - | €0.008m | €0.02m | €0.02m | €0.03m | €0.04m | ▲ 12.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€323,476 | -€29,947 | €27,070 | €12,844 | €29,167 | €39,935 | ▲ 36.9% |
| + Depreciation and write-downs630 | €80,100 | €66,291 | €73,759 | €74,133 | €74,145 | €71,800 | ▼ 3.2% |
| Operating cash flow (approximation) | -€243,376 | €36,344 | €100,829 | €86,977 | €103,312 | €111,735 | ▲ 8.2% |
| Investment in fixed assets (approximation) | - | -€356,969 | -€80,554 | -€1,007 | €0 | €0 | - |
| Change in cash | - | -€1,479 | €99,620 | -€100,637 | €24,725 | €31,325 | ▲ 26.7% |
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, 457 companies had the same profile as OLM Development has now. Two years later, 97.2% were still going and 0.7% had gone bankrupt.
- Small
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OLM Development itself: 0.2% 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 457 companies, not a prediction for OLM Development. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00447929 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00325123 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00215942 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00165731 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20317487 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52400562 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
OLM Development shares no director with another company.
Companies at the same address
11 other companies- Kardymon Lubanzadio, Jessyca (sole trader) Establishment · since 2026 0791756857
- BALZAMO Registered office · since 2024 1011151754
- Itiswhatitis Consulting Establishment · since 2024 1007325697
- DG TWO Registered office · since 2023 1003382747
- AF-Estate Registered office · since 2022 0793708933
- Fares, Alexandre (sole trader) Establishment · since 2020 0758981943
- DG DESIGN Registered office · since 2019 0720845602
- DG ONE Registered office · since 2019 0720845701
- association des copropriétaires des Résidences Eglantine et Fuchsia à Ixelles, rue du Relais 103 Registered office · since 2011 0823896026
- BUREAU FARES Registered office · since 2005 0878187124
Connections & network
1 current directorThe network starts from the directors of OLM Development. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25023A0448/00C000 | Wallonia | 1.4 ha | 1 · 480 m² | 7.1 m · 1 |
| 21446D0058/00E002 | Brussels | 911 m² | 1 · 501 m² | 18.2 m · 5 |