OLYMPIC FIRE
ActiveSummary
OLYMPIC FIRE has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60k and a net result of €8k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 94% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-9
Solvency100=
Growth67▼-2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 13.21 against 5.87 in 2024; short-term debt: 2.1% and cash: 19.5% of total assets), and 2.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
97.9%
Return on assets
12.4%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
36 d early
2023
23 d early
2022
31 d early
2021
20 d early
2020
2 d early
2019
31 d late
← 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, full schema
Turnover
€17k▲ 0.7%
2024 · €17k
2022: €15klowest in 4 years
2023: €17k▲ +10.6% vs 2022
2024: €17k▲ +1.3% vs 2023
2025: €17k▲ +0.7% vs 2024highest in 4 years
2022 → 2025
EBIT margin
45.4%▼ 6.7pp
2024 · 52.1%
2022: -50.3%lowest in 4 years
2023: 45.1%▲ +190% vs 2022
2024: 52.1%▲ +15.6% vs 2023highest in 4 years
2025: 45.4%▼ -12.9% vs 2024
2022 → 2025
Net result
€8k▼ 12.4%
2024 · €9k
2018: €-29klowest in 8 years
2019: €3k▲ +110% vs 2018
2020: €8k▲ +178% vs 2019
2021: €63k▲ +655% vs 2020highest in 8 years
2022: €-8k▼ -112% vs 2021
2023: €7k▲ +197% vs 2022
2024: €9k▲ +16.2% vs 2023
2025: €8k▼ -12.4% vs 2024
2018 → 2025
Working capital
€16k▲ 90.2%
2024 · €8k
2018: €-98klowest in 8 years
2019: €-87k▲ +11.2% vs 2018
2020: €-76k▲ +12.4% vs 2019
2021: €483▲ +101% vs 2020
2022: €-7k▼ -1593% vs 2021
2023: €-75▲ +99.0% vs 2022
2024: €8k▲ +11378% vs 2023
2025: €16k▲ +90.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€15k€17k▲ 10.6%€17k▲ 1.3%€17k▲ 0.7%
2022: €15klowest in 4 years
2023: €17k▲ +10.6% vs 2022
2024: €17k▲ +1.3% vs 2023
2025: €17k▲ +0.7% vs 2024highest in 4 years
Equity€44k-€36k▼ 17.4%€44k▲ 20.5%€53k▲ 19.8%€60k▲ 14.5%
2021: €44k
2022: €36k▼ -17.4% vs 2021lowest in 5 years
2023: €44k▲ +20.5% vs 2022
2024: €53k▲ +19.8% vs 2023
2025: €60k▲ +14.5% vs 2024highest in 5 years
Operating result€65k-€-8k€7k€9k▲ 17.1%€8k▼ 12.3%
2021: €65khighest in 5 years
2022: €-8k▼ -112% vs 2021lowest in 5 years
2023: €7k▲ +199% vs 2022
2024: €9k▲ +17.1% vs 2023
2025: €8k▼ -12.3% vs 2024
Net result€63k-€-8k€7k€9k▲ 16.2%€8k▼ 12.4%
2021: €63khighest in 5 years
2022: €-8k▼ -112% vs 2021lowest in 5 years
2023: €7k▲ +197% vs 2022
2024: €9k▲ +16.2% vs 2023
2025: €8k▼ -12.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€44k =
Current assets
€17k ▲ 70.7%
Equity and liabilities €61k
Equity
€60k ▲ 14.5%
Debt
€1k ▼ 24.1%
Debt's share of the balance-sheet total falls from 3.2% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
13.21▲
2024 · 5.87
Debt to equity
0.02▼
2024 · 0.03
ROE
12.6%▼
2024 · 16.5%
ROA
12.4%▼
2024 · 16.0%
Debt ≤ 1 year
€1k▼
2024 · €2k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€54k€61k▲
Fixed assets21/28€44k€44k=
Tangible fixed assets22/27€44k€44k=
Land and buildings22€44k€44k=
Financial fixed assets28€500€500=
Other financial fixed assets284/8€500€500=
Amounts receivable and cash guarantees285/8€500€500=
Current assets29/58€10k€17k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€5k€5k▲
Trade receivables40€5k€5k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€5k€12k▲
Deferred charges and accrued income490/1€253€255▲
Equity and liabilities
Total equity and liabilities10/49€54k€61k▲
Equity10/15€53k€60k▲
Contributions10/11€19k€19k=
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-8k€-305▲
Amounts payable17/49€2k€1k▼
Amounts payable within one year42/48€2k€1k▼
Trade debts44€904€487▼
Suppliers440/4€904€487▼
Taxes, remuneration and social security45€825€825▲
Taxes450/3€825€825▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Operating income70/76A€17k€17k▲
Turnover70€17k€17k▲
Operating charges60/66A€8k€9k▲
Services and other goods61€5k€6k▲
Other operating charges640/8€3k€3k▲
Operating profit (loss)9901€9k€8k▼
Financial charges65/66B€90€92▲
Recurring financial charges65€90€92▲
Other financial charges652/9€90€92▲
Profit (loss) for the period before taxes9903€9k€8k▼
Profit (loss) for the period9904€9k€8k▼
Profit (loss) for the period to be appropriated9905€9k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-305▲
Profit (loss) brought forward from the previous period14P€-17k€-8k▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €15k | €17k | €17k | €17k | ▲ 0.7% |
| Turnover70 | - | €15k | €17k | €17k | €17k | ▲ 0.7% |
| Other operating income74 | - | €405 | €0 | - | - | - |
| Operating charges60/66A | - | €23k | €9k | €8k | €9k | ▲ 14.8% |
| Goods for resale, raw materials and consumables60 | - | €0 | - | - | - | - |
| Purchases600/8 | - | €0 | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | €0 | - | - | - | - |
| Services and other goods61 | - | €20k | €6k | €5k | €6k | ▲ 22.1% |
| Remuneration, social security and pensions62 | €24k | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-5k | €0 | - | - | - | - |
| Other operating charges640/8 | €5k | €3k | €3k | €3k | €3k | ▲ 3.1% |
| Non-recurring operating charges66A | €26k | €0 | - | - | - | - |
| Gross operating margin9900 | €116k | - | - | - | - | - |
| Operating profit (loss)9901 | €65k | €-8k | €7k | €9k | €8k | ▼ 12.3% |
| Financial income75/76B | €1k | €111 | €0 | - | - | - |
| Recurring financial income75 | €1k | €111 | €0 | - | - | - |
| Income from current assets751 | - | €0 | - | - | - | - |
| Other financial income752/9 | - | €111 | €0 | - | - | - |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €4k | €266 | €24 | €90 | €92 | ▲ 1.6% |
| Recurring financial charges65 | €4k | €266 | €24 | €90 | €92 | ▲ 1.6% |
| Debt charges650 | - | €203 | €0 | - | - | - |
| Other financial charges652/9 | - | €63 | €24 | €90 | €92 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €63k | €-8k | €7k | €9k | €8k | ▼ 12.4% |
| Income taxes67/77 | €476 | €0 | - | - | - | - |
| Taxes670/3 | - | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €63k | €-8k | €7k | €9k | €8k | ▼ 12.4% |
| Transfer from tax-exempt reserves789 | €3k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €66k | €-8k | €7k | €9k | €8k | ▼ 12.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45k | €69k | €55k | €54k | €61k | ▲ 13.2% |
| Fixed assets21/28 | €44k | €44k | €44k | €44k | €44k | = |
| Tangible fixed assets22/27 | €44k | €44k | €44k | €44k | €44k | = |
| Land and buildings22 | €44k | €44k | €44k | €44k | €44k | = |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | €0 | - | - | - | - | - |
| Financial fixed assets28 | - | - | €500 | €500 | €500 | = |
| Other financial fixed assets284/8 | - | - | €500 | €500 | €500 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €500 | €500 | €500 | = |
| Current assets29/58 | €1k | €25k | €10k | €10k | €17k | ▲ 70.7% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0 | €20k | €5k | €5k | €5k | ▲ 0.7% |
| Trade receivables40 | €0 | €18k | €4k | €5k | €5k | ▲ 0.7% |
| Other amounts receivable41 | €0 | €2k | €1k | €0 | - | - |
| Cash at bank and in hand54/58 | €1k | €5k | €5k | €5k | €12k | ▲ 148% |
| Deferred charges and accrued income490/1 | €0 | €243 | €252 | €253 | €255 | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45k | €69k | €55k | €54k | €61k | ▲ 13.2% |
| Equity10/15 | €44k | €36k | €44k | €53k | €60k | ▲ 14.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €42k | €42k | €42k | €42k | €42k | = |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €42k | €42k | €42k | €42k | €42k | = |
| Profit (loss) carried forward14 | €-16k | €-24k | €-17k | €-8k | €-305 | ▲ 96.1% |
| Amounts payable17/49 | €687 | €32k | €11k | €2k | €1k | ▼ 24.1% |
| Amounts payable within one year42/48 | €687 | €32k | €10k | €2k | €1k | ▼ 24.1% |
| Financial debts43 | €0 | - | - | - | - | - |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €111 | €22k | €494 | €904 | €487 | ▼ 46.2% |
| Suppliers440/4 | €111 | €22k | €494 | €904 | €487 | ▼ 46.2% |
| Taxes, remuneration and social security45 | €576 | €476 | €0 | €825 | €825 | ▲ 0.1% |
| Taxes450/3 | €576 | €476 | €0 | €825 | €825 | ▲ 0.1% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €0 | €10k | €10k | €0 | - | - |
| Accrued charges and deferred income492/3 | €0 | - | €178 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €-8k | €7k | €9k | €8k | ▼ 12.4% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €63k | €-8k | €7k | €9k | €8k | ▼ 12.4% |
| Investment in fixed assets (approximation) | - | €0 | €-500 | €0 | €0 | - |
| Change in cash | - | €4k | €-51 | €-177 | €7k | ▲ 4,131% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 13.21
Current ratio from 5.87 to 13.21; short-term debt falls from €2k to €1k.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 6current ratio 5.87
Current ratio from 0.99 to 5.87; short-term debt falls from €10k to €2k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €63k ▲655%
Operating result €65k, net result €63k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.70
Current ratio from 0.67 to 1.70; short-term debt falls from €230k to €687.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Wortegem-Petegem · 1 establishment unit since 2021
Ground area
8,292 m²
Building footprint
4,681 m²
Volume, LiDAR
27,692 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
OLYMPIC FIRE
since 20212.335.419.708
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055C0011/00A003 | Flanders | 7,561 m² | 1 · 4,601 m² | 10.6 m · 2 fl. |
| 45055C0011/00L002 | Flanders | 732 m² | 1 · 80 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,298 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
Founded25-05-1984
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.