Equity
Equity fell by 56% in 6 years.
Equity fell by 56% in 6 years.
Every financial year from 2020 to 2025 closed with a loss. 2021 was the heaviest.
The micro format states no turnover.
Short-term debts rose from €9,077 to €13,295.
Ten of the last ten came late. The 2022 accounts came latest: 116 days after the end of the period.
Lower net result than 82% of companies in financial services. Sector median €32,861 · 9,769 companies.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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.
The company filed its last 7 accounts on average 53 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Olsa Zonnebeke | €99,608 | €14,220 | 78.4% | - |
| PHUSYS INTERNATIONAL Ostend | €84,308 | €15,274 | 32.0% | - |
| DERIBO Diksmuide | €123,506 | €15,388 | 81.7% | - |
| TRIVIUS Antwerp | €103,843 | €13,291 | 71.7% | - |
| INTERPOLAR Brasschaat | €102,473 | €12,755 | 47.9% | - |
| Galot Consulting Hove | €98,513 | €15,751 | 54.9% | - |
| Devillé Consult Halle | €106,530 | €15,682 | 80.8% | - |
These companies have the same main activity as Olsa: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €84,300 and €124,000, founded between 2003 and 2008.
Olsa files the micro format. That format states no turnover. The gross margin fell from €27,805 in 2006 to €14,220 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Higher than 76% of 9,767 companies in 2025.
Higher than 14% of 9,621 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
99,608 | 102,831 | 83,674 | 111,266 | 154,328 | 320,188 | 311,711 | 361,303 | 339,217 | 337,636 | 343,131 | 330,806 | 312,581 | 312,591 | 315,350 | 313,324 | 315,237 | 322,401 | 327,498 | 336,841 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,730 | 5,460 | 8,190 | |
21/28 |
85,242 | 98,907 | 76,100 | 83,661 | 88,056 | 318,515 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 314,441 | 317,101 | 319,831 | |
22/27 |
85,172 | 98,837 | 76,030 | 83,591 | 87,986 | 6,804 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
35,134 | 35,991 | 33,748 | 34,319 | 31,694 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
50,038 | 62,846 | 42,281 | 49,272 | 56,292 | 6,804 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
70 | 70 | 70 | 70 | 70 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,711 | 311,641 | 311,641 | |
29/58 |
14,365 | 3,923 | 7,574 | 27,606 | 66,272 | 1,672 | - | 49,592 | 27,506 | 25,925 | 31,420 | 19,096 | 870 | 880 | 3,640 | 1,613 | 3,527 | 7,960 | 10,397 | 17,010 | |
40/41 |
12,206 | 2,708 | 969 | 8,963 | 2,405 | 1,672 | - | 48,388 | 27,237 | 25,436 | 28,882 | 14,436 | 870 | 879 | 1 | 1,083 | 3,527 | 7,590 | 5,196 | 5,022 | |
40 |
4,751 | 952 | 969 | 8,963 | 520 | - | - | 48,388 | 27,237 | 23,936 | 28,016 | 14,436 | - | - | - | - | 2,450 | - | 5,196 | 5,022 | |
41 |
7,455 | 1,756 | - | - | 1,885 | 1,672 | - | - | - | 1,500 | 866 | - | 870 | 879 | 1 | 1,083 | 1,076 | 7,590 | - | - | |
54/58 |
1,696 | 500 | 5,391 | 17,538 | 62,887 | - | - | 1,204 | 269 | 488 | 2,538 | 4,660 | - | 0 | 3,639 | 531 | - | 370 | 5,201 | 10,738 | |
490/1 |
464 | 716 | 1,214 | 1,104 | 979 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,250 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
99,608 | 102,831 | 83,674 | 111,266 | 154,328 | 320,188 | 311,711 | 361,303 | 339,217 | 337,636 | 343,131 | 330,806 | 312,581 | 312,591 | 315,350 | 313,324 | 315,237 | 322,401 | 327,498 | 336,841 | |
10/15 |
78,128 | 79,271 | 79,289 | 100,016 | 130,385 | 166,836 | 176,272 | 158,421 | 147,561 | 129,450 | 112,484 | 92,893 | 88,987 | 87,093 | 79,748 | 71,383 | 67,452 | 65,529 | 63,637 | 60,093 | |
10/11 |
35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | |
100 |
- | - | - | - | - | - | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | |
13 |
44,289 | 44,289 | 44,289 | 65,016 | 131,836 | 131,476 | 123,421 | 112,561 | 94,450 | 77,484 | 67,688 | 56,987 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | |
130/1 |
- | - | - | - | 3,500 | 3,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | |
1311 |
- | - | - | - | 3,500 | 3,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | 9,796 | 9,796 | 9,796 | 9,796 | 9,796 | - | - | - | - | - | - | - | - | - | |
133 |
44,289 | 44,289 | 44,289 | 65,016 | 128,336 | 127,976 | 110,125 | 99,265 | 81,154 | 64,188 | 54,393 | 53,487 | - | - | - | - | - | - | - | - | |
14 |
-1,161 | -19 | - | - | -36,451 | 360 | 17,851 | 10,860 | 18,111 | 16,966 | 9,796 | 906 | 50,487 | 48,593 | 41,248 | 32,883 | 28,952 | 27,029 | 25,137 | 21,593 | |
17/49 |
21,479 | 23,560 | 4,385 | 11,250 | 23,942 | 153,352 | 135,439 | 202,882 | 191,656 | 208,186 | 230,647 | 237,914 | 223,594 | 225,497 | 235,602 | 241,941 | 247,786 | 256,871 | 263,861 | 276,748 | |
17 |
8,184 | 14,483 | - | - | - | 82,589 | 85,500 | 99,536 | 99,750 | 114,000 | 128,250 | 142,500 | 156,494 | 169,493 | 184,482 | 198,476 | 212,469 | 224,617 | 238,834 | 254,452 | |
170/4 |
8,184 | 14,483 | - | - | - | 82,589 | 85,500 | 99,536 | 99,750 | 114,000 | 128,250 | 142,500 | 156,494 | 169,493 | 184,482 | 198,476 | 212,469 | 224,617 | 238,834 | 254,452 | |
42/48 |
13,295 | 9,077 | 4,385 | 11,250 | 23,827 | 70,763 | 49,939 | 103,347 | 91,906 | 94,186 | 102,397 | 95,414 | 67,100 | 54,659 | 49,197 | 43,466 | 33,702 | 32,254 | 25,027 | 20,485 | |
42 |
6,299 | 6,087 | - | - | - | - | - | - | 14,250 | 17,813 | 14,250 | 13,994 | 13,994 | 15,926 | 14,931 | 13,994 | 13,994 | 14,217 | 14,217 | 14,931 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 2 | - | - | - | 6 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 2 | - | - | - | 6 | - | - | - | |
44 |
3,951 | 2,839 | 1,758 | 5,022 | 1,301 | 9,257 | 709 | 49 | 3,301 | 751 | 792 | 2,019 | 1,625 | 1,570 | 984 | 1,471 | 1,054 | 1,960 | 629 | 705 | |
440/4 |
3,951 | 2,839 | 1,758 | 5,022 | 1,301 | 9,257 | 709 | 49 | 3,301 | 751 | 792 | 2,019 | 1,625 | 1,570 | 984 | 1,471 | 1,054 | 1,960 | 629 | 705 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | 36,652 | 19,185 | 16,518 | 10,351 | 7,684 | - | - | - | - | |
45 |
3,003 | 109 | 2,585 | 842 | 3,221 | 10,517 | 13,289 | 20,471 | 13,846 | 8,713 | 24,348 | 9,928 | 1,199 | 3,910 | 5,370 | 3,320 | 7,650 | 5,079 | 10,107 | 3,916 | |
450/3 |
3,003 | 109 | 2,585 | 842 | 3,221 | 10,517 | 13,289 | 16,471 | 13,846 | 8,713 | 7,361 | 3,928 | 1,199 | 3,910 | 5,370 | 3,320 | 3,150 | 5,079 | 10,107 | 3,916 | |
454/9 |
- | - | - | - | - | - | - | 4,000 | - | - | 16,987 | 6,000 | - | - | - | - | 4,500 | - | - | - | |
47/48 |
42 | 42 | 42 | 5,386 | 19,305 | 50,988 | 35,942 | 82,826 | 60,509 | 66,909 | 63,007 | 32,821 | 31,096 | 16,736 | 17,561 | 16,997 | 10,998 | 10,998 | 75 | 933 | |
492/3 |
- | - | - | - | 116 | - | - | - | - | - | - | - | - | 1,345 | 1,923 | - | 1,614 | - | - | 1,811 | |
| Income statement | |||||||||||||||||||||
76A |
- | 25,064 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
14,220 | 14,476 | -11,334 | -21,533 | -11,519 | -766 | 40,963 | 27,502 | 26,815 | 26,823 | 29,070 | 25,524 | 10,567 | 20,375 | 22,403 | 15,478 | 17,559 | 18,518 | 17,872 | 27,805 | |
630 |
13,665 | 12,427 | 7,561 | 7,590 | 5,328 | 229 | - | - | - | - | - | - | - | - | - | - | 2,730 | 2,730 | 2,730 | 2,730 | |
640/8 |
694 | 1,078 | 1,437 | 853 | 1,156 | 1,001 | 1,800 | 654 | 993 | 103 | 102 | 101 | 98 | 95 | 93 | 93 | 437 | 520 | 702 | 778 | |
9901 |
-139 | 972 | -20,332 | -29,975 | -18,004 | -1,995 | 39,163 | 26,847 | 25,822 | 26,720 | 28,968 | 25,423 | 10,469 | 20,280 | 22,310 | 15,385 | 14,392 | 15,268 | 14,440 | 24,297 | |
75/76B |
1 | 3 | - | - | - | - | - | - | - | - | - | 4 | 10 | 12 | 6 | 5 | 5 | - | 102 | 18,797 | |
75 |
1 | 3 | - | - | - | - | - | - | - | - | - | 4 | 10 | 12 | 6 | 5 | 5 | - | 102 | 18,797 | |
65/66B |
862 | 847 | 231 | 223 | 20,512 | 7,343 | 3,451 | 5,314 | 1,490 | 4,105 | 6,116 | 9,671 | 7,611 | 9,034 | 9,494 | 9,115 | 11,050 | 10,072 | 8,224 | 14,843 | |
65 |
862 | 847 | 231 | 223 | 20,512 | 7,343 | 3,451 | 5,314 | 1,490 | 4,105 | 6,116 | 9,671 | 7,611 | 9,034 | 9,494 | 9,115 | 11,050 | 10,072 | 8,224 | 14,843 | |
9903 |
-1,001 | 128 | -20,563 | -30,198 | -38,516 | -9,338 | 35,711 | 21,533 | 24,332 | 22,614 | 22,853 | 15,756 | 2,868 | 11,258 | 12,822 | 6,274 | 3,347 | 5,196 | 6,318 | 28,251 | |
67/77 |
141 | 146 | 164 | 171 | -2,065 | 98 | 7,860 | 5,673 | 6,221 | 5,649 | 3,261 | 1,850 | 975 | 3,913 | 4,456 | 2,344 | 1,424 | 3,304 | 2,775 | 3,158 | |
9904 |
-1,142 | -19 | -20,727 | -30,369 | -36,451 | -9,436 | 27,851 | 15,860 | 18,111 | 16,966 | 19,591 | 13,906 | 1,893 | 7,345 | 8,366 | 3,931 | 1,923 | 1,893 | 3,543 | 25,093 | |
689 |
- | - | - | - | - | - | - | - | - | - | 9,796 | - | - | - | - | - | - | - | - | - | |
9905 |
-1,142 | -19 | -20,727 | -30,369 | -36,451 | -9,436 | 27,851 | 15,860 | 18,111 | 16,966 | 9,796 | 13,906 | 1,893 | 7,345 | 8,366 | 3,931 | 1,923 | 1,893 | 3,543 | 25,093 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-1,161 | -19 | -20,727 | -66,820 | -36,091 | 8,415 | 38,711 | 33,971 | 35,077 | 26,762 | 10,702 | 64,393 | 50,487 | 48,593 | 41,248 | 32,883 | 28,952 | 27,029 | 25,137 | 25,093 | |
14P |
-19 | - | - | -36,451 | 360 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 20,727 | 66,820 | - | 9,796 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 360 | 17,851 | 10,860 | 18,111 | 16,966 | 9,796 | 906 | 53,487 | - | - | - | - | - | - | - | 3,500 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,500 | |
6921 |
- | - | - | - | 360 | 17,851 | 10,860 | 18,111 | 16,966 | 9,796 | 906 | 53,487 | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | 10,000 | 5,000 | - | - | - | 10,000 | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | 10,000 | 5,000 | - | - | - | 10,000 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.
2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00455826.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00455826 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00456402 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00367230 | |
| 31-12-2022 | micro format | 24-11-2023 | 2023-00515673 | |
| 31-12-2021 | micro format | 14-09-2022 | 2022-20432719 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-52000430 | |
| 31-12-2019 | micro format | 11-11-2020 | 2020-70900543 | |
| 31-12-2018 | micro format | 19-09-2019 | 2019-65200058 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59700406 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-53300080 | |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-48200325 | |
| 31-12-2014 | abbreviated format | 21-08-2015 | 2015-49000231 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-26900137 | |
| 31-12-2012 | abbreviated format | 24-07-2013 | 2013-37000266 | |
| 31-12-2011 | abbreviated format | 29-06-2012 | 2012-24300398 | |
| 31-12-2010 | abbreviated format | 25-07-2011 | 2011-32900542 | |
| 31-12-2009 | abbreviated format | 23-07-2010 | 2010-35300393 | |
| 31-12-2008 | abbreviated format | 31-08-2009 | 2009-71800047 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-69800132 | |
| 31-12-2006 | abbreviated format | 31-08-2007 | 2007-66100324 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 35,234 | 0 | 3,195 | 86,510 | 7,033 | - | - | - | - | - | - | - | - | - | - | 0 | 70 | -0 | 311,641 | ||
| 1,196 | -4,891 | -12,148 | -45,349 | - | - | - | 935 | -219 | -2,049 | -2,122 | - | - | -3,639 | 3,108 | - | - | -4,831 | -5,537 | - | ||
| 78.4% | 77.1% | 94.8% | 89.9% | 84.5% | 52.1% | 56.5% | 43.8% | 43.5% | 38.3% | 32.8% | 28.1% | 28.5% | 27.9% | 25.3% | 22.8% | 21.4% | 20.3% | 19.4% | 17.8% | ||
| -1.5% | 0.0% | -26.1% | -30.4% | -28.0% | -5.7% | 15.8% | 10.0% | 12.3% | 13.1% | 17.4% | 15.0% | 2.1% | 8.4% | 10.5% | 5.5% | 2.9% | 2.9% | 5.6% | 41.8% | ||
| -1.1% | 0.0% | -24.8% | -27.3% | -23.6% | -2.9% | 8.9% | 4.4% | 5.3% | 5.0% | 5.7% | 4.2% | 0.6% | 2.3% | 2.7% | 1.3% | 0.6% | 0.6% | 1.1% | 7.4% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €35,234 | - | €3,195 | €86,510 |
| €13,665 | €12,427 | €7,561 | €7,590 | €5,328 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €139, after a profit of €972 in 2024.
Debt's share of the balance-sheet total falls from 22.9% to 21.6%. Equity and debt are lower.
Source: list of holdings in its own 2022 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2013, in their own currency.
| Leenaert, Xander (sole trader)
establishment since 09-07-2026 |
founded in 2026 1040.144.658 |
| Name | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DE OUDE NOTELAAR | 99.73% | ||||||||||||||||
Source: list of holdings in its own accounts
The network starts from the directors of Olsa. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Paardebosstraat 5 registered office 8980 Zonnebeke 01430 Raising of horses and other equines | 07-11-2005 | 2.149.841.484 |
| 02-02-2026 | Granted | Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen submitted 22-09-2025 · project 2025108526 | Zonnebeke |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 33019A0516/00N000 | 1.4 ha | 1 · 305 m² | 7.6 m · 2 |
If something looks wrong or is missing, please tell us.