Checked.be
Active
BE 0899.734.485Private limited company
OLVAST
Lange Leemstraat 372 ·2018 Antwerpen, Belgium· 18 yrs active
Sector: Agents in non-specialised wholesale trade
(46190)
Conclusion
OLVAST has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437k and a net result of €78k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €437k |
| Net result | €78k |
| Staff (FTE) | 6.5 |
| Better than sector | 42% |
Financial profile
87
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
89
Solvency
73
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€40k
estimate, not credit advice
Score history
83
2021
86
2022
83
2023
79
2024
94
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.68 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.34 (≥ 1.0)
+5
Leverage
Debt/equity 1.72 (< 2.0)
+3
Profitability
ROE 18% (≥ 10%)
+10
Interest coverage
Interest coverage 14.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 15-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~14.5%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 36.8% | 44.7% | |
| Net result | €78k | €31k | |
| Equity | €437k | €398k | |
| Gross operating margin | €529k | €211k | |
| Staff costs | €354k | €189k |
€149k
+76.1%
21-25
€78k
+205.3%
21-25
€111k
+77.4%
21-25
€1.19M
+24.5%
21-25
€437k
+21.8%
21-25
€358k
+30.6%
21-25
7
-18.8%
21-25
€354k
-13.8%
21-25
€37k
+134.9%
21-25
€751k
+26.2%
21-25
€526k
+53.0%
21-25
€225k
-10.5%
21-25
1.68
-6.5%
21-25
1.34
+8.5%
21-25
36.8%
-2.2%
21-25
1.72
+3.6%
21-25
17.9%
+150.7%
21-25
6.6%
+145.2%
21-25
14.28
+149.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €149k | €85k | €101k | €132k | €125k |
| Net profit | €78k | €26k | €37k | €63k | €63k |
| Cash flow | €111k | €63k | €76k | €96k | €92k |
| Staff costs | €354k | €411k | €429k | €392k | €308k |
| Income taxes | €37k | €16k | €19k | €29k | €26k |
| Dividends | - | - | - | - | - |
| Total assets | €1.19M | €954k | €1.10M | €1.11M | €827k |
| Equity | €437k | €359k | €333k | €296k | €233k |
| Debt | €751k | €595k | €767k | €816k | €593k |
| of which ≤ 1y | €526k | €344k | €489k | €510k | €290k |
| of which > 1y | €225k | €252k | €278k | €306k | €303k |
| Working capital | €358k | €274k | €245k | €208k | €172k |
| Employees (FTE) | 6.5 | 8.0 | 8.7 | 9.2 | 7.9 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.68 | 1.80 | 1.50 | 1.41 | 1.59 |
| Quick ratio | 1.34 | 1.23 | 1.17 | 1.08 | 1.26 |
| Working capital ratio | 30.1% | 28.7% | 22.3% | 18.7% | 20.8% |
| Solvency | 36.8% | 37.6% | 30.3% | 26.6% | 28.2% |
| Debt / equity | 1.72 | 1.66 | 2.30 | 2.76 | 2.54 |
| Long-term debt ratio | 0.52 | 0.70 | 0.83 | 1.03 | 1.30 |
| Interest coverage | 14.28 | 5.72 | 8.43 | 9.65 | 10.09 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 6.6% | 2.7% | 3.3% | 5.7% | 7.6% |
| ROE | 17.9% | 7.1% | 11.0% | 21.2% | 26.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.19M | €954k | €1.10M | €1.11M | €827k |
| Fixed assets | 21/28 | €304k | €336k | €365k | €394k | €365k |
| Intangible fixed assets | 21 | €263 | €356 | €450 | €543 | €636 |
| Tangible fixed assets | 22/27 | €284k | €316k | €345k | €374k | €363k |
| Financial fixed assets | 28 | €20k | €20k | €20k | €20k | €524 |
| Current assets | 29/58 | €884k | €618k | €734k | €718k | €462k |
| Stocks & contracts in progress | 3 | €178k | €193k | €160k | €165k | €95k |
| Amounts receivable within one year | 40/41 | €671k | €401k | €558k | €469k | €299k |
| Cash & bank | 54/58 | €25k | €15k | €8k | €85k | €68k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.19M | €954k | €1.10M | €1.11M | €827k |
| Equity | 10/15 | €437k | €359k | €333k | €296k | €233k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €431k | €353k | €327k | €290k | €227k |
| Amounts payable | 17/49 | €751k | €595k | €767k | €816k | €593k |
| Amounts payable after one year | 17 | €225k | €252k | €278k | €306k | €303k |
| Amounts payable within one year | 42/48 | €526k | €344k | €489k | €510k | €290k |
| Trade debts payable within one year | 44 | €417k | €271k | €391k | €424k | €242k |
| Income statement | ||||||
| Gross operating margin | 9900 | €529k | €518k | €552k | €534k | €446k |
| Operating result | 9901 | €116k | €47k | €61k | €99k | €96k |
| Financial income | 75 | €10k | €9k | €6k | €6k | €5k |
| Financial charges | 65 | €10k | €15k | €12k | €14k | €12k |
| Result before taxes | 9903 | €115k | €41k | €55k | €92k | €89k |
| Income taxes | 67/77 | €37k | €16k | €19k | €29k | €26k |
| Net result for the period | 9904 | €78k | €26k | €37k | €63k | €63k |
| Result to be appropriated | 9905 | €78k | €26k | €37k | €63k | €63k |
Legal Structure
| NACE primary | Agents in non-specialised wholesale trade(46190) |
| Legal form | Private limited company(610) |
| Incorporation | 08-08-2008 |
| Status | Active |
| Postal code | 2018 |
Establishment units
Olvast
since 20132.215.897.395
Deurnestraat 253, 2640 Mortsel
since 20222.334.747.933
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0301/00D000 | Flanders | 2.5 ha | - | - |
| 11806F1302/00N012 | Flanders | 90 m² | 1 · 77 m² | 11.2 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €78k ▲205%
Operating result €116k, net result €78k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €26k ▼30.4%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 15 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Floor and wall tiling43331Agents in non-specialised wholesale trade46190Other building finishing work43350Renting and operating of own or leased residential real estate, excluding social housing68201Renting and operating of own or leased non-residential real estate, excluding land68203
Names & trade names
| Legal nameNL | OLVAST |
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