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On Style

Active
Private limited companyfounded 20233 yrs activeOosterzelestraat 39, 9230 Wetteren, BelgiumKBO/BCE: BE 0797.041.377
Summary

On Style has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31,073 and a net result of €26,610. Its solvency ranks better than 64% of 3542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+22
Solvency77▲+29
Growth78
Track record94
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.03 in 2023; short-term debt: 40.9% and cash: 4.4% of total assets), and 47.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
52.3%
Return on assets
44.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On Style was incorporated on 11 January 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€31,073▲ 596%
2023 · €4,463
Total assets
€59,449▲ 213%
2023 · €19,010
Net result
€26,610▲ 1,718%
2023 · €1,463
Working capital
€27,209▲ 6,568%
2023 · €408
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
Line20232024
Operating result€1,804-€33,919▲ 1,780%
Net result€1,463within the sector's middle half-€26,610within the sector's middle half▲ 1,718%
Equity€4,463below the sector's middle half-€31,073within the sector's middle half▲ 596%
Total assets€19,010below the sector's middle half-€59,449within the sector's middle half▲ 213%
Debt€14,547-€28,376▲ 95.1%
Working capital€408within the sector's middle half-€27,209within the sector's middle half▲ 6,568%
Solvency23.5%within the sector's middle half-52.3%within the sector's middle half▲ 28.8pp
Current ratio1.03within the sector's middle half-2.12within the sector's middle half▲ 1.09
Return on assets (ROA)7.7%within the sector's middle half-44.8%above the sector's middle half▲ 37.1pp
above within below the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2023: €1,804€1,804Net result 2023: €1,463€1,463Operating result 2024: €33,919€33,919Net result 2024: €26,610€26,61020232024€0€10,000€20,000€30,000Operating result 2023: €1,804€1,800Net result 2023: €1,463€1,460Operating result 2024: €33,919€33,900Net result 2024: €26,610€26,60020232024
The operating result rises in 2024; 2024 is 1,780% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,449
Fixed assets €7,928 ▲ 95.5%
Current assets €51,521 ▲ 245%
Equity and liabilities €59,449
Equity €31,073 ▲ 596%
Debt €28,376 ▲ 95.1%
Debt's share of the balance-sheet total falls from 76.5% to 47.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€34,572▲
2023 · €2,080
Cash flow
€27,262▲
2023 · €1,739
Quick ratio
0.52▲
2023 · 0.07
Debt to equity
0.91▼
2023 · 3.26
ROE
85.6%▲
2023 · 32.8%
Interest coverage
58.40▲
2023 · 21.21
Debt ≤ 1 year
€24,313▲
2023 · €14,547
Debt > 1 year
€3,547
Income taxes
€6,718▲
2023 · €497
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% 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 1.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€19,010€59,449▲
Fixed assets21/28€4,055€7,928▲
Tangible fixed assets22/27€1,055€4,928▲
Plant, machinery and equipment23€1,055€4,928▲
Financial fixed assets28€3,000€3,000=
Current assets29/58€14,955€51,521▲
Stocks and contracts in progress3€13,878€38,852▲
Stocks30/36€13,878€38,852▲
Amounts receivable within one year40/41-€7,969
Trade receivables40-€7,498
Other amounts receivable41-€471
Cash at bank and in hand54/58€277€2,616▲
Deferred charges and accrued income490/1€800€2,085▲
Equity and liabilities
Total equity and liabilities10/49€19,010€59,449▲
Equity10/15€4,463€31,073▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€1,463€28,073▲
Amounts payable17/49€14,547€28,376▲
Amounts payable after more than one year17-€3,547
Financial debts170/4-€3,547
Amounts payable within one year42/48€14,547€24,313▲
Current portion of amounts payable after more than one year42-€841
Trade debts44€874€2,253▲
Suppliers440/4€874€2,253▲
Taxes, remuneration and social security45€1,132€11,878▲
Taxes450/3€1,132€11,878▲
Other amounts payable47/48€12,541€9,341▼
Accrued charges and deferred income492/3-€517
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€275€652▲
Other operating charges640/8€253€238▼
Gross operating margin9900€2,333€34,810▲
Operating profit (loss)9901€1,804€33,919▲
Financial income75/76B€254€0▼
Recurring financial income75€254€0▼
Financial charges65/66B€98€592▲
Recurring financial charges65€98€592▲
Profit (loss) for the period before taxes9903€1,960€33,328▲
Income taxes67/77€497€6,718▲
Profit (loss) for the period9904€1,463€26,610▲
Profit (loss) for the period to be appropriated9905€1,463€26,610▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,463€28,073▲
Profit (loss) brought forward from the previous period14P-€1,463

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€275€652▲ 137%
Other operating charges640/8€253€238▼ 6.2%
Gross operating margin9900€2,333€34,810▲ 1,392%
Operating profit (loss)9901€1,804€33,919▲ 1,780%
Financial income75/76B€254€0▼ 99.8%
Recurring financial income75€254€0▼ 99.8%
Financial charges65/66B€98€592▲ 504%
Recurring financial charges65€98€592▲ 504%
Profit (loss) for the period before taxes9903€1,960€33,328▲ 1,600%
Income taxes67/77€497€6,718▲ 1,252%
Profit (loss) for the period9904€1,463€26,610▲ 1,718%
Profit (loss) for the period to be appropriated9905€1,463€26,610▲ 1,718%
Line20232024Change
Assets
Total assets20/58€19,010€59,449▲ 213%
Fixed assets21/28€4,055€7,928▲ 95.5%
Tangible fixed assets22/27€1,055€4,928▲ 367%
Plant, machinery and equipment23€1,055€4,928▲ 367%
Financial fixed assets28€3,000€3,000=
Current assets29/58€14,955€51,521▲ 245%
Stocks and contracts in progress3€13,878€38,852▲ 180%
Stocks30/36€13,878€38,852▲ 180%
Amounts receivable within one year40/41-€7,969-
Trade receivables40-€7,498-
Other amounts receivable41-€471-
Cash at bank and in hand54/58€277€2,616▲ 845%
Deferred charges and accrued income490/1€800€2,085▲ 161%
Equity and liabilities
Total equity and liabilities10/49€19,010€59,449▲ 213%
Equity10/15€4,463€31,073▲ 596%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€1,463€28,073▲ 1,818%
Amounts payable17/49€14,547€28,376▲ 95.1%
Amounts payable after more than one year17-€3,547-
Financial debts170/4-€3,547-
Amounts payable within one year42/48€14,547€24,313▲ 67.1%
Current portion of amounts payable after more than one year42-€841-
Trade debts44€874€2,253▲ 158%
Suppliers440/4€874€2,253▲ 158%
Taxes, remuneration and social security45€1,132€11,878▲ 950%
Taxes450/3€1,132€11,878▲ 950%
Other amounts payable47/48€12,541€9,341▼ 25.5%
Accrued charges and deferred income492/3-€517-
Line20232024Change
Profit (loss) for the period9904€1,463€26,610▲ 1,718%
+ Depreciation and write-downs630€275€652▲ 137%
Operating cash flow (approximation)€1,739€27,262▲ 1,468%
Investment in fixed assets (approximation)--€4,525-
Change in cash-€2,339-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial Liquidity doublescurrent ratio 2.12
Current ratio from 1.03 to 2.12.
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Wetteren · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,672 m²
Building footprint
1,797 m²
Volume, LiDAR
9,808 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
On Style
Steenweg Deinze 150, 9810 Nazareth-De PinteElectrical installation work in industrial facilities
since 20232.340.720.064
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44048G0437/00R000 Flanders 3,072 m² 1 · 1,625 m² 7.9 m · 2 fl.
42025G1200/00M000 Flanders 599 m² 1 · 172 m² 6.2 m · 1 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.

Similar companies · same sector, comparable size

Of 846 companies in sector 95319 we hold annual accounts for 251. 169 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
Founded11-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
95319Other maintenance and repair of motor vehicles
95313Repair and fitting of specific motor vehicle parts
47820Retail sale of motor vehicle parts and accessories
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797041377
Also 9925:BE0797041377
Registered 04-02-2026

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.