Olsco
ActiveSummary
Olsco has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €940,205 and a net result of €7,469. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 4718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 34.26 against 27.77 in 2024; short-term debt: 1.2% and cash: 40.1% of total assets), and 4.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
95.2%
Return on assets
0.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
21 d early
2023
27 d early
2022
13 d early
2021
9 d early
2020
10 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 9 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 company by equity in Zulte, Transport and storage sector
Equity
€940,205▲ 0.8%
2024 · €932,735
Total assets
€987,847▲ 0.7%
2024 · €980,852
Net result
€7,469▲ 159%
2024 · €2,886
Working capital
€410,272▲ 8.6%
2024 · €377,844
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€22,222▼ 1.0%-€5,513▲ 75.2%-€2,249▲ 59.2%€10,403€16,166▲ 55.4%
Net result-€22,734below the sector's middle half▼ 0.8%-€10,634below the sector's middle half▲ 53.2%-€316within the sector's middle half▲ 97.0%€2,886within the sector's middle half€7,469within the sector's middle half▲ 159%
Equity€940,799above the sector's middle half▼ 2.4%€930,165above the sector's middle half▼ 1.1%€929,849above the sector's middle half=€932,735above the sector's middle half▲ 0.3%€940,205above the sector's middle half▲ 0.8%
Total assets€979,017above the sector's middle half▼ 2.6%€975,543above the sector's middle half▼ 0.4%€972,172above the sector's middle half▼ 0.3%€980,852above the sector's middle half▲ 0.9%€987,847above the sector's middle half▲ 0.7%
Debt€38,218▼ 8.8%€45,378▲ 18.7%€42,323▼ 6.7%€48,117▲ 13.7%€47,642▼ 1.0%
Working capital€310,837above the sector's middle half▼ 0.4%€325,060above the sector's middle half▲ 4.6%€349,750above the sector's middle half▲ 7.6%€377,844above the sector's middle half▲ 8.0%€410,272above the sector's middle half▲ 8.6%
Solvency96.1%above the sector's middle half▲ 0.3pp95.3%above the sector's middle half▼ 0.7pp95.6%above the sector's middle half▲ 0.3pp95.1%above the sector's middle half▼ 0.6pp95.2%above the sector's middle half▲ 0.1pp
Current ratio38.34above the sector's middle half▲ 5.7623.76above the sector's middle half▼ 14.5836.42above the sector's middle half▲ 12.6627.77above the sector's middle half▼ 8.6534.26above the sector's middle half▲ 6.49
Return on assets (ROA)-2.3%below the sector's middle half▼ 0.1pp-1.1%below the sector's middle half▲ 1.2pp0.0%within the sector's middle half▲ 1.1pp0.3%within the sector's middle half▲ 0.3pp0.8%within the sector's middle half▲ 0.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
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 has risen four years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €987,847
Fixed assets
€565,241 ▼ 4.0%
Current assets
€422,606 ▲ 7.8%
Equity and liabilities €987,847
Equity
€940,205 ▲ 0.8%
Debt
€47,642 ▼ 1.0%
Debt's share of the balance-sheet total falls from 4.9% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,820▲
2024 · €34,056
Cash flow
€31,123▲
2024 · €26,540
Debt to equity
0.05▼
2024 · 0.05
ROE
0.8%▲
2024 · 0.3%
Interest coverage
15.09▲
2024 · 13.56
Debt ≤ 1 year
€12,334▼
2024 · €14,113
Debt > 1 year
€32,944▲
2024 · €31,690
Income taxes
€7,973▲
2024 · €7,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,653 | €23,653 | €23,653 | €23,653 | €23,653 | = |
| Other operating charges640/8 | €3,256 | €3,465 | €1,455 | €5,612 | €3,870 | ▼ 31.0% |
| Gross operating margin9900 | €4,687 | €21,606 | €22,860 | €39,668 | €43,690 | ▲ 10.1% |
| Operating profit (loss)9901 | -€22,222 | -€5,513 | -€2,249 | €10,403 | €16,166 | ▲ 55.4% |
| Financial income75/76B | €101 | €48 | €10,176 | €2,145 | €1,915 | ▼ 10.7% |
| Recurring financial income75 | €101 | €48 | €388 | €2,145 | €1,915 | ▼ 10.7% |
| Non-recurring financial income76B | - | - | €9,789 | - | - | - |
| Financial charges65/66B | €230 | €1,459 | €1,918 | €2,512 | €2,639 | ▲ 5.1% |
| Recurring financial charges65 | €230 | €1,459 | €1,918 | €2,512 | €2,639 | ▲ 5.1% |
| Profit (loss) for the period before taxes9903 | -€22,352 | -€6,923 | €6,009 | €10,036 | €15,442 | ▲ 53.9% |
| Income taxes67/77 | €382 | €3,711 | €6,325 | €7,150 | €7,973 | ▲ 11.5% |
| Profit (loss) for the period9904 | -€22,734 | -€10,634 | -€316 | €2,886 | €7,469 | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | -€22,734 | -€10,634 | -€316 | €2,886 | €7,469 | ▲ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €979,017 | €975,543 | €972,172 | €980,852 | €987,847 | ▲ 0.7% |
| Fixed assets21/28 | €659,855 | €636,201 | €612,548 | €588,895 | €565,241 | ▼ 4.0% |
| Tangible fixed assets22/27 | €659,855 | €636,201 | €612,548 | €588,895 | €565,241 | ▼ 4.0% |
| Land and buildings22 | €659,855 | €636,201 | €528,259 | €504,605 | €480,952 | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | €84,289 | €84,289 | €84,289 | = |
| Current assets29/58 | €319,162 | €339,342 | €359,624 | €391,957 | €422,606 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €7,981 | €9,665 | €10,813 | €10,320 | €11,116 | ▲ 7.7% |
| Trade receivables40 | €7,981 | €9,665 | €10,813 | €10,320 | €11,116 | ▲ 7.7% |
| Current investments50/53 | €12,030 | €12,030 | €12,030 | €12,030 | €12,030 | = |
| Cash at bank and in hand54/58 | €297,831 | €316,027 | €335,057 | €364,819 | €396,488 | ▲ 8.7% |
| Deferred charges and accrued income490/1 | €1,320 | €1,621 | €1,725 | €4,789 | €2,973 | ▼ 37.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €979,017 | €975,543 | €972,172 | €980,852 | €987,847 | ▲ 0.7% |
| Equity10/15 | €940,799 | €930,165 | €929,849 | €932,735 | €940,205 | ▲ 0.8% |
| Contributions10/11 | €558,000 | €558,000 | €558,000 | €558,000 | €558,000 | = |
| Capital10 | €558,000 | €558,000 | €558,000 | €558,000 | €558,000 | = |
| Issued capital100 | €558,000 | €558,000 | €558,000 | €558,000 | €558,000 | = |
| Reserves13 | €427,500 | €427,500 | €427,500 | €427,500 | €427,500 | = |
| Non-distributable reserves130/1 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Legal reserve130 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Tax-exempt reserves132 | €53,500 | €53,500 | €53,500 | €53,500 | €53,500 | = |
| Distributable reserves133 | €329,000 | €329,000 | €329,000 | €329,000 | €329,000 | = |
| Profit (loss) carried forward14 | -€44,701 | -€55,335 | -€55,651 | -€52,765 | -€45,295 | ▲ 14.2% |
| Amounts payable17/49 | €38,218 | €45,378 | €42,323 | €48,117 | €47,642 | ▼ 1.0% |
| Amounts payable after more than one year17 | €29,893 | €29,893 | €30,735 | €31,690 | €32,944 | ▲ 4.0% |
| Other amounts payable178/9 | €29,893 | €29,893 | €30,735 | €31,690 | €32,944 | ▲ 4.0% |
| Amounts payable within one year42/48 | €8,325 | €14,282 | €9,874 | €14,113 | €12,334 | ▼ 12.6% |
| Trade debts44 | €2,403 | €406 | €189 | €157 | €2,304 | ▲ 1,367% |
| Suppliers440/4 | €2,403 | €406 | €189 | €157 | €2,304 | ▲ 1,367% |
| Taxes, remuneration and social security45 | €4,422 | €12,376 | €8,185 | €12,456 | €8,530 | ▼ 31.5% |
| Taxes450/3 | €4,422 | €12,376 | €8,185 | €12,456 | €8,530 | ▼ 31.5% |
| Other amounts payable47/48 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Accrued charges and deferred income492/3 | - | €1,203 | €1,714 | €2,313 | €2,364 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,734 | -€10,634 | -€316 | €2,886 | €7,469 | ▲ 159% |
| + Depreciation and write-downs630 | €23,653 | €23,653 | €23,653 | €23,653 | €23,653 | = |
| Operating cash flow (approximation) | €920 | €13,019 | €23,338 | €26,540 | €31,123 | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €18,195 | €19,031 | €29,761 | €31,669 | ▲ 6.4% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €2,886
Net result €2,886 after 4 loss-making years.
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€22,734
Net result drops to -€22,734, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Liquidity triplescurrent ratio 32.58
Current ratio from 10.18 to 32.58; short-term debt falls from €69,110 to €9,882.
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €320,453 ▲3,710%
Operating result €485,858, net result €320,453, both a record.
30-09
Financial
Liquidity times 6current ratio 10.18
Current ratio from 1.83 to 10.18; short-term debt falls from €168,658 to €69,110.
Show earlier events
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
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 8 acts read
About the unread acts
We know of 8 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
8 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, Zulte · 1 establishment unit since 1999
Ground area
1,101 m²
Building footprint
214 m²
Volume, LiDAR
1,058 m³
Parcel 44050A0788/00G000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grote Steenweg 200, 9870 Zulte
since 19992.092.092.436
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050A0788/00G000 | Flanders | 1,101 m² | 1 · 214 m² | 7.3 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600WVVJ5KD5CFIU11
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 4,252 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-06-1999
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466322847
Also
9925:BE0466322847
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.