OMERTA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 22 filings
Turnover
≈ €32,000
Estimated: probably between €15,000 and €63,000
Total assets
€71,382▼ 0.5%
2024 · €71,773
Net result
€3,695▼ 81.2%
2024 · €19,630
Working capital
€56,098▲ 9.3%
2024 · €51,312
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,019
▼ 80.0%
2025
20182025
Net result
€3,695
▼ 81.2%
2025
middle half of the sector
20182025
Equity
€59,863
▲ 6.6%
2025
middle half of the sector
20182025
Total assets
€71,382
▼ 0.5%
2025
lowest quarter of the sector
20182025
Debt
€11,519
▼ 26.2%
2025
20182025
Working capital
€56,098
▲ 9.3%
2025
middle half of the sector
20182025
Solvency
83.9%
▲ 5.6pp
2025
highest quarter of the sector
20182025
Current ratio
5.87
▲ 1.58
2025
highest quarter of the sector
20182025
Return on assets (ROA)
5.2%
▼ 22.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€35,400-€32,581▼ 8.0%€95,553▲ 193%€38,807▼ 59.4%-€16,478-€20,846▼ 26.5%€20,062€4,019▼ 80.0%
Net result€35,008-€25,726▼ 26.5%€66,642above the sector's middle half▲ 159%€27,731within the sector's middle half▼ 58.4%-€15,625below the sector's middle half-€20,817below the sector's middle half▼ 33.2%€19,630within the sector's middle half€3,695within the sector's middle half▼ 81.2%
Equity-€47,119--€21,393▲ 54.6%€45,249within the sector's middle half€72,980within the sector's middle half▲ 61.3%€57,355within the sector's middle half▼ 21.4%€36,538within the sector's middle half▼ 36.3%€56,168within the sector's middle half▲ 53.7%€59,863within the sector's middle half▲ 6.6%
Total assets€56,441-€31,390▼ 44.4%€64,124below the sector's middle half▲ 104%€84,481within the sector's middle half▲ 31.7%€64,880below the sector's middle half▼ 23.2%€48,610below the sector's middle half▼ 25.1%€71,773below the sector's middle half▲ 47.7%€71,382below the sector's middle half▼ 0.5%
Debt€103,560-€52,783▼ 49.0%€18,875▼ 64.2%€11,501▼ 39.1%€7,525▼ 34.6%€12,072▲ 60.4%€15,605▲ 29.3%€11,519▼ 26.2%
Working capital-€67,443--€35,940▲ 46.7%€35,532within the sector's middle half€68,246within the sector's middle half▲ 92.1%€48,926within the sector's middle half▼ 28.3%€29,895within the sector's middle half▼ 38.9%€51,312within the sector's middle half▲ 71.6%€56,098within the sector's middle half▲ 9.3%
Solvency-83.5%--68.2%▲ 15.3pp70.6%within the sector's middle half▲ 138.7pp86.4%above the sector's middle half▲ 15.8pp88.4%above the sector's middle half▲ 2.0pp75.2%within the sector's middle half▼ 13.2pp78.3%within the sector's middle half▲ 3.1pp83.9%above the sector's middle half▲ 5.6pp
Current ratio0.35-0.32▼ 0.032.88within the sector's middle half▲ 2.566.93above the sector's middle half▲ 4.057.50above the sector's middle half▲ 0.573.48within the sector's middle half▼ 4.034.29within the sector's middle half▲ 0.815.87above the sector's middle half▲ 1.58
Return on assets (ROA)62.0%-82.0%▲ 19.9pp103.9%above the sector's middle half▲ 22.0pp32.8%above the sector's middle half▼ 71.1pp-24.1%below the sector's middle half▼ 56.9pp-42.8%below the sector's middle half▼ 18.7pp27.4%within the sector's middle half▲ 70.2pp5.2%within the sector's middle half▼ 22.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 80% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,382
Fixed assets
€3,765 ▼ 22.5%
Current assets
€67,617 ▲ 1.0%
Equity and liabilities €71,382
Equity
€59,863 ▲ 6.6%
Debt
€11,519 ▼ 26.2%
Debt's share of the balance-sheet total falls from 21.7% to 16.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,110▼
2024 · €21,849
Cash flow
€4,786▼
2024 · €21,417
Quick ratio
5.78▲
2024 · 4.20
Debt to equity
0.19▼
2024 · 0.28
ROE
6.2%▼
2024 · 34.9%
Interest coverage
54.95▼
2024 · over 100
Debt ≤ 1 year
€11,519▼
2024 · €15,605
Income taxes
€286▲
2024 · €271
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,661 | €6,071 | €578 | - | - |
| Depreciation and write-downs of the year | €7,644 | €2,376 | €2,364 | €1,787 | €1,091 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Public contracts
1 award · 2022
Tijdelijke consultancyopdracht voor een expert MeetInFlandersAcademy’
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,041 | €7,039 | €7,056 | €7,644 | €2,376 | €2,364 | €1,787 | €1,091 | ▼ 38.9% |
| Other operating charges640/8 | - | - | - | €1,173 | €1,181 | €1,264 | €1,307 | €1,620 | ▲ 23.9% |
| Gross operating margin9900 | €44,073 | €42,121 | €103,933 | €47,624 | -€12,921 | -€17,218 | €23,156 | €6,730 | ▼ 70.9% |
| Operating profit (loss)9901 | €35,400 | €32,581 | €95,553 | €38,807 | -€16,478 | -€20,846 | €20,062 | €4,019 | ▼ 80.0% |
| Financial income75/76B | - | - | - | €726 | €1,230 | €390 | €1 | €55 | ▲ 55× |
| Recurring financial income75 | €50 | - | €215 | €726 | €1,230 | €390 | €1 | €55 | ▲ 55× |
| Financial charges65/66B | - | - | - | €113 | €122 | €100 | €162 | €93 | ▼ 42.6% |
| Recurring financial charges65 | €134 | €90 | €76 | €113 | €122 | €100 | €162 | €93 | ▼ 42.6% |
| Profit (loss) for the period before taxes9903 | €35,316 | €32,491 | €95,692 | €39,420 | -€15,370 | -€20,556 | €19,901 | €3,981 | ▼ 80.0% |
| Income taxes67/77 | €308 | €6,765 | €29,050 | €11,689 | €255 | €261 | €271 | €286 | ▲ 5.5% |
| Profit (loss) for the period9904 | €35,008 | €25,726 | €66,642 | €27,731 | -€15,625 | -€20,817 | €19,630 | €3,695 | ▼ 81.2% |
| Profit (loss) for the period to be appropriated9905 | €35,008 | €25,726 | €66,642 | €27,731 | -€15,625 | -€20,817 | €19,630 | €3,695 | ▼ 81.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €56,441 | €31,390 | €64,124 | €84,481 | €64,880 | €48,610 | €71,773 | €71,382 | ▼ 0.5% |
| Fixed assets21/28 | €20,324 | €14,547 | €9,717 | €4,734 | €8,429 | €6,643 | €4,856 | €3,765 | ▼ 22.5% |
| Tangible fixed assets22/27 | €19,799 | €14,022 | €9,192 | €4,209 | €7,904 | €6,118 | €4,331 | €3,240 | ▼ 25.2% |
| Furniture and vehicles24 | - | - | - | €3,979 | €7,904 | €6,118 | €4,331 | €3,240 | ▼ 25.2% |
| Other tangible fixed assets26 | - | - | - | €230 | - | - | - | - | - |
| Financial fixed assets28 | €525 | €525 | €525 | €525 | €525 | €525 | €525 | €525 | = |
| Current assets29/58 | €36,117 | €16,843 | €54,407 | €79,747 | €56,451 | €41,967 | €66,917 | €67,617 | ▲ 1.0% |
| Stocks and contracts in progress3 | €2,377 | €1,132 | €1,981 | €589 | €588 | €1,270 | €1,435 | €1,018 | ▼ 29.1% |
| Stocks30/36 | - | - | - | €589 | €588 | €1,270 | €1,435 | €1,018 | ▼ 29.1% |
| Amounts receivable within one year40/41 | €27,280 | €10,074 | €19,963 | €56,556 | €22,380 | €11,837 | €38,536 | €30,682 | ▼ 20.4% |
| Trade receivables40 | - | - | - | €28,061 | €30 | €11,837 | €38,160 | €29,040 | ▼ 23.9% |
| Other amounts receivable41 | - | - | - | €28,495 | €22,350 | - | €376 | €1,642 | ▲ 337% |
| Cash at bank and in hand54/58 | €5,293 | €4,077 | €30,427 | €22,085 | €32,616 | €27,294 | €25,554 | €34,667 | ▲ 35.7% |
| Deferred charges and accrued income490/1 | - | - | - | €517 | €867 | €1,566 | €1,392 | €1,250 | ▼ 10.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €56,441 | €31,390 | €64,124 | €84,481 | €64,880 | €48,610 | €71,773 | €71,382 | ▼ 0.5% |
| Equity10/15 | -€47,119 | -€21,393 | €45,249 | €72,980 | €57,355 | €36,538 | €56,168 | €59,863 | ▲ 6.6% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €39,049 | €66,780 | €66,780 | €66,780 | €66,780 | €66,780 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €64,920 | €64,920 | €64,920 | €64,920 | €64,920 | = |
| Profit (loss) carried forward14 | -€55,179 | -€29,453 | - | - | -€15,625 | -€36,442 | -€16,812 | -€13,117 | ▲ 22.0% |
| Amounts payable17/49 | €103,560 | €52,783 | €18,875 | €11,501 | €7,525 | €12,072 | €15,605 | €11,519 | ▼ 26.2% |
| Amounts payable within one year42/48 | €103,560 | €52,783 | €18,875 | €11,501 | €7,525 | €12,072 | €15,605 | €11,519 | ▼ 26.2% |
| Trade debts44 | €375 | €2,570 | €245 | €1,463 | €2,284 | €1,337 | €4,348 | €428 | ▼ 90.2% |
| Suppliers440/4 | - | - | - | €1,463 | €2,284 | €1,337 | €4,348 | €428 | ▼ 90.2% |
| Taxes, remuneration and social security45 | - | - | - | €10,038 | €5,241 | €548 | €4,061 | €5,782 | ▲ 42.4% |
| Taxes450/3 | - | - | - | €10,038 | €5,241 | €548 | €4,061 | €5,782 | ▲ 42.4% |
| Other amounts payable47/48 | - | - | - | - | - | €10,187 | €7,196 | €5,309 | ▼ 26.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,008 | €25,726 | €66,642 | €27,731 | -€15,625 | -€20,817 | €19,630 | €3,695 | ▼ 81.2% |
| + Depreciation and write-downs630 | €7,041 | €7,039 | €7,056 | €7,644 | €2,376 | €2,364 | €1,787 | €1,091 | ▼ 38.9% |
| Operating cash flow (approximation) | €42,049 | €32,765 | €73,698 | €35,375 | -€13,249 | -€18,453 | €21,417 | €4,786 | ▼ 77.7% |
| Investment in fixed assets (approximation) | - | -€1,262 | -€2,226 | -€2,661 | -€6,071 | -€578 | €0 | €0 | - |
| Change in cash | - | -€1,216 | €26,350 | -€8,342 | €10,531 | -€5,322 | -€1,740 | €9,113 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as OMERTA has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OMERTA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for OMERTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00347319 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00292909 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00375579 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00271758 | |
| 31-12-2021 | micro format | 30-07-2022 | 2022-20251374 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28400078 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-24700127 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-40000441 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-53500207 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-25200068 |