Olpas
ActiveSummary
Olpas has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €23k. Equity is growing by ~52% per year across the filed fiscal years. Its solvency ranks better than 34% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+29
Solvency57▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.36 in 2024; short-term debt: 67.8% and cash: 7.2% of total assets), and 67.8% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
32.2%
Return on assets
7.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
2 d early
2024
20 d early
2023
19 d early
2022
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€103k▲ 29.4%
2024 · €79k
2022: €14k
2023: €-40k▼ -386% vs 2022lowest in 4 years
2024: €79k▲ +298% vs 2023
2025: €103k▲ +29.4% vs 2024highest in 4 years
2022 → 2025
Total assets
€319k▲ 21.6%
2024 · €262k
2022: €148klowest in 4 years
2023: €200k▲ +34.7% vs 2022
2024: €262k▲ +31.2% vs 2023
2025: €319k▲ +21.6% vs 2024highest in 4 years
2022 → 2025
Net result
€23k
2024 · €-465
2022: €-106klowest in 4 years
2023: €-54k▲ +48.8% vs 2022
2024: €-465▲ +99.1% vs 2023
2025: €23k▲ +5116% vs 2024highest in 4 years
2022 → 2025
Working capital
€-123k▼ 5.9%
2024 · €-117k
2022: €-71khighest in 4 years
2023: €-190k▼ -168% vs 2022lowest in 4 years
2024: €-117k▲ +38.6% vs 2023
2025: €-123k▼ -5.9% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€14k-€-40k€79k€103k▲ 29.4%
2022: €14k
2023: €-40k▼ -386% vs 2022lowest in 4 years
2024: €79k▲ +298% vs 2023
2025: €103k▲ +29.4% vs 2024highest in 4 years
Operating result€-97k-€-47k▲ 51.2%€7k€32k▲ 328%
2022: €-97klowest in 4 years
2023: €-47k▲ +51.2% vs 2022
2024: €7k▲ +116% vs 2023
2025: €32k▲ +328% vs 2024highest in 4 years
Net result€-106k-€-54k▲ 48.8%€-465▲ 99.1%€23k
2022: €-106klowest in 4 years
2023: €-54k▲ +48.8% vs 2022
2024: €-465▲ +99.1% vs 2023
2025: €23k▲ +5116% vs 2024highest in 4 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 328% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319k
Fixed assets
€226k ▲ 15.4%
Current assets
€92k ▲ 40.2%
Equity and liabilities €319k
Equity
€103k ▲ 29.4%
Debt
€216k ▲ 18.3%
Debt's share of the balance-sheet total falls from 69.7% to 67.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59k▲
2024 · €29k
Cash flow
€51k▲
2024 · €21k
Current ratio
0.43▲
2024 · 0.36
Quick ratio
0.31▲
2024 · 0.21
Debt to equity
2.10▼
2024 · 2.30
ROE
22.7%▲
2024 · -0.6%
ROA
7.3%▲
2024 · -0.2%
Interest coverage
6.90▲
2024 · 3.67
Debt ≤ 1 year
€216k▲
2024 · €183k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€262k€319k▲
Fixed assets21/28€196k€226k▲
Intangible fixed assets21€190k€209k▲
Tangible fixed assets22/27€2k€12k▲
Plant, machinery and equipment23€2k€11k▲
Furniture and vehicles24€169€279▲
Financial fixed assets28€4k€6k▲
Current assets29/58€66k€92k▲
Stocks and contracts in progress3€28k€25k▼
Stocks30/36€28k€25k▼
Amounts receivable within one year40/41€19k€39k▲
Trade receivables40€16k€33k▲
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€14k€23k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€262k€319k▲
Equity10/15€79k€103k▲
Contributions10/11€240k€240k=
Profit (loss) carried forward14€-161k€-137k▲
Amounts payable17/49€183k€216k▲
Amounts payable within one year42/48€183k€216k▲
Trade debts44€16k€17k▲
Suppliers440/4€16k€17k▲
Other amounts payable47/48€166k€199k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€27k▲
Other operating charges640/8€938€1k▲
Gross operating margin9900€30k€60k▲
Operating profit (loss)9901€7k€32k▲
Financial income75/76B€0€112▲
Recurring financial income75€0€112▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€-465€23k▲
Profit (loss) for the period9904€-465€23k▲
Profit (loss) for the period to be appropriated9905€-465€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-161k€-137k▲
Profit (loss) brought forward from the previous period14P€-160k€-161k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €14k | €21k | €27k | ▲ 27.1% |
| Other operating charges640/8 | €1k | €928 | €938 | €1k | ▲ 11.4% |
| Gross operating margin9900 | €-73k | €-32k | €30k | €60k | ▲ 101% |
| Operating profit (loss)9901 | €-97k | €-47k | €7k | €32k | ▲ 328% |
| Financial income75/76B | €34 | - | €0 | €112 | ▲ 43,042% |
| Recurring financial income75 | €34 | - | €0 | €112 | ▲ 43,042% |
| Financial charges65/66B | €9k | €7k | €8k | €9k | ▲ 8.6% |
| Recurring financial charges65 | €9k | €7k | €8k | €9k | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €-106k | €-54k | €-465 | €23k | ▲ 5,116% |
| Profit (loss) for the period9904 | €-106k | €-54k | €-465 | €23k | ▲ 5,116% |
| Profit (loss) for the period to be appropriated9905 | €-106k | €-54k | €-465 | €23k | ▲ 5,116% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €148k | €200k | €262k | €319k | ▲ 21.6% |
| Fixed assets21/28 | €85k | €150k | €196k | €226k | ▲ 15.4% |
| Intangible fixed assets21 | €83k | €145k | €190k | €209k | ▲ 9.8% |
| Tangible fixed assets22/27 | €779 | €971 | €2k | €12k | ▲ 476% |
| Plant, machinery and equipment23 | €434 | €793 | €2k | €11k | ▲ 514% |
| Furniture and vehicles24 | €345 | €178 | €169 | €279 | ▲ 65.1% |
| Financial fixed assets28 | €1k | €4k | €4k | €6k | ▲ 50.7% |
| Current assets29/58 | €63k | €50k | €66k | €92k | ▲ 40.2% |
| Stocks and contracts in progress3 | €29k | €28k | €28k | €25k | ▼ 9.4% |
| Stocks30/36 | €29k | €28k | €28k | €25k | ▼ 9.4% |
| Amounts receivable within one year40/41 | €33k | €21k | €19k | €39k | ▲ 105% |
| Trade receivables40 | - | €12k | €16k | €33k | ▲ 108% |
| Other amounts receivable41 | €33k | €9k | €4k | €7k | ▲ 92.2% |
| Cash at bank and in hand54/58 | €200 | €172 | €14k | €23k | ▲ 60.6% |
| Deferred charges and accrued income490/1 | €548 | €1k | €4k | €5k | ▲ 5.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €148k | €200k | €262k | €319k | ▲ 21.6% |
| Equity10/15 | €14k | €-40k | €79k | €103k | ▲ 29.4% |
| Contributions10/11 | €120k | €120k | €240k | €240k | = |
| Profit (loss) carried forward14 | €-106k | €-160k | €-161k | €-137k | ▲ 14.5% |
| Amounts payable17/49 | €134k | €240k | €183k | €216k | ▲ 18.3% |
| Amounts payable within one year42/48 | €134k | €240k | €183k | €216k | ▲ 18.3% |
| Financial debts43 | €116k | €227k | - | - | - |
| Credit institutions430/8 | €116k | €227k | - | - | - |
| Trade debts44 | €18k | €13k | €16k | €17k | ▲ 4.9% |
| Suppliers440/4 | €18k | €13k | €16k | €17k | ▲ 4.9% |
| Other amounts payable47/48 | - | - | €166k | €199k | ▲ 19.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-106k | €-54k | €-465 | €23k | ▲ 5,116% |
| + Depreciation and write-downs630 | €23k | €14k | €21k | €27k | ▲ 27.1% |
| Operating cash flow (approximation) | €-83k | €-40k | €21k | €51k | ▲ 141% |
| Investment in fixed assets (approximation) | - | €-79k | €-68k | €-58k | ▲ 15.0% |
| Change in cash | - | €-28 | €14k | €9k | ▼ 38.7% |
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
2026
03-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 01-09-2026
- Registered-office move, Achterstenhoek 5, 2275 Lille
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €23k
Net result €23k after 3 loss-making years.
31-12
Financial
Equity above €100kEq €103k ▲29.4%
Equity rises from €79k to €103k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lille · 1 establishment unit since 2022
Ground area
7,570 m²
Building footprint
2,861 m²
Volume, LiDAR
22,242 m³
Parcel 13019D0119/00A000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Olpas
since 20222.346.159.289
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13019D0119/00A000 | Flanders | 7,570 m² | 1 · 2,861 m² | 10.2 m · 3 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 2024 · 4 entries · 54,470 EUR awarded · 54,470 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 3,576 EUR |
| 2023 | 1 | 0 EUR | 25,000 EUR |
| 2022 | 2 | 54,470 EUR | 25,894 EUR |
Schemes
Innovatieve starterssteun
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 5,226 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
Founded06-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.