ONAM
ActiveSummary
ONAM has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24,592 and a net result of €957. Equity is shrinking by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-13
Solvency100▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 4.78 against 4.03 in 2023; short-term debt: 15.3% and cash: 49.5% of total assets), and 23.2% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2024Solvency, return and age of the figures
Solvency
76.8%
Return on assets
3%
Age of the figures
21 mo
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €24,592
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
35 d early
2022
32 d early
2021
35 d early
2020
33 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€24,592▲ 4.0%
2023 · €23,635
Total assets
€32,001▼ 9.1%
2023 · €35,212
Net result
€957▼ 78.7%
2023 · €4,490
Working capital
€18,574▼ 1.9%
2023 · €18,927
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result€181▼ 94.6%-€7,407€3,331€4,450▲ 33.6%€824▼ 81.5%
Net result€34below the sector's middle half▼ 82.3%-€7,382below the sector's middle half€3,244within the sector's middle half€4,490within the sector's middle half▲ 38.4%€957within the sector's middle half▼ 78.7%
Equity€42,283within the sector's middle half▼ 19.1%€26,901within the sector's middle half▼ 36.4%€19,145below the sector's middle half▼ 28.8%€23,635within the sector's middle half▲ 23.5%€24,592within the sector's middle half▲ 4.0%
Total assets€70,667within the sector's middle half▲ 9.2%€49,521below the sector's middle half▼ 29.9%€38,861below the sector's middle half▼ 21.5%€35,212below the sector's middle half▼ 9.4%€32,001below the sector's middle half▼ 9.1%
Debt€28,383▲ 128%€22,620▼ 20.3%€19,716▼ 12.8%€11,577▼ 41.3%€7,409▼ 36.0%
Working capital€28,635within the sector's middle half▼ 28.6%€14,021within the sector's middle half▼ 51.0%€4,495below the sector's middle half▼ 67.9%€18,927within the sector's middle half▲ 321%€18,574within the sector's middle half▼ 1.9%
Solvency59.8%within the sector's middle half▼ 20.9pp54.3%within the sector's middle half▼ 5.5pp49.3%within the sector's middle half▼ 5.1pp67.1%within the sector's middle half▲ 17.9pp76.8%above the sector's middle half▲ 9.7pp
Current ratio2.65within the sector's middle half▼ 1.641.83within the sector's middle half▼ 0.821.23within the sector's middle half▼ 0.604.03above the sector's middle half▲ 2.794.78above the sector's middle half▲ 0.76
Return on assets (ROA)0.0%below the sector's middle half▼ 0.3pp-14.9%below the sector's middle half▼ 15.0pp8.3%within the sector's middle half▲ 23.3pp12.8%within the sector's middle half▲ 4.4pp3.0%within the sector's middle half▼ 9.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
The operating result falls in 2024; 2024 is 81% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €32,001
Fixed assets
€8,518 ▼ 15.1%
Current assets
€23,483 ▼ 6.7%
Equity and liabilities €32,001
Equity
€24,592 ▲ 4.0%
Debt
€7,409 ▼ 36.0%
Debt's share of the balance-sheet total falls from 32.9% to 23.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,829▼
2023 · €9,392
Cash flow
€5,962▼
2023 · €9,432
Quick ratio
4.36▲
2023 · 3.69
Debt to equity
0.30▼
2023 · 0.49
ROE
3.9%▼
2023 · 19.0%
Interest coverage
41.62▼
2023 · 67.29
Debt ≤ 1 year
€4,909▼
2023 · €6,254
Debt > 1 year
€2,500▼
2023 · €5,000
Income taxes
€75▼
2023 · €225
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 10,905 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,557 | €7,042 | €6,180 | €4,942 | €5,005 | ▲ 1.3% |
| Other operating charges640/8 | - | €892 | €970 | €975 | €1,242 | ▲ 27.4% |
| Gross operating margin9900 | €7,632 | €526 | €10,481 | €10,367 | €7,072 | ▼ 31.8% |
| Operating profit (loss)9901 | €181 | -€7,407 | €3,331 | €4,450 | €824 | ▼ 81.5% |
| Financial income75/76B | - | €337 | €111 | €405 | €348 | ▼ 14.0% |
| Recurring financial income75 | €440 | €337 | €111 | €405 | €348 | ▼ 14.0% |
| Financial charges65/66B | - | €312 | €198 | €140 | €140 | ▲ 0.4% |
| Recurring financial charges65 | €582 | €312 | €198 | €140 | €140 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €39 | -€7,382 | €3,244 | €4,715 | €1,032 | ▼ 78.1% |
| Income taxes67/77 | €5 | - | - | €225 | €75 | ▼ 66.7% |
| Profit (loss) for the period9904 | €34 | -€7,382 | €3,244 | €4,490 | €957 | ▼ 78.7% |
| Profit (loss) for the period to be appropriated9905 | €34 | -€7,382 | €3,244 | €4,490 | €957 | ▼ 78.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,667 | €49,521 | €38,861 | €35,212 | €32,001 | ▼ 9.1% |
| Fixed assets21/28 | €24,703 | €18,603 | €14,973 | €10,031 | €8,518 | ▼ 15.1% |
| Tangible fixed assets22/27 | €24,703 | €18,603 | €14,973 | €10,031 | €7,778 | ▼ 22.5% |
| Plant, machinery and equipment23 | - | €2,627 | €2,040 | €1,452 | €3,287 | ▲ 126% |
| Furniture and vehicles24 | - | €13,907 | €10,489 | €7,072 | €3,655 | ▼ 48.3% |
| Other tangible fixed assets26 | - | €2,070 | €2,444 | €1,507 | €836 | ▼ 44.5% |
| Financial fixed assets28 | - | - | - | - | €740 | - |
| Current assets29/58 | €45,963 | €30,918 | €23,888 | €25,181 | €23,483 | ▼ 6.7% |
| Amounts receivable after more than one year29 | - | €5,000 | - | - | - | - |
| Other amounts receivable291 | - | €5,000 | - | - | - | - |
| Stocks and contracts in progress3 | €750 | €8,750 | €4,500 | €2,125 | €2,100 | ▼ 1.2% |
| Stocks30/36 | - | €1,250 | €750 | €500 | €750 | ▲ 50.0% |
| Contracts in progress37 | - | €7,500 | €3,750 | €1,625 | €1,350 | ▼ 16.9% |
| Amounts receivable within one year40/41 | €11,572 | €6,660 | €3,477 | €14,437 | €2,088 | ▼ 85.5% |
| Trade receivables40 | - | €4,932 | €2,767 | €13,515 | €237 | ▼ 98.2% |
| Other amounts receivable41 | - | €1,728 | €709 | €922 | €1,851 | ▲ 101% |
| Cash at bank and in hand54/58 | €13,315 | €7,262 | €12,594 | €5,263 | €15,849 | ▲ 201% |
| Deferred charges and accrued income490/1 | - | €3,245 | €3,318 | €3,356 | €3,446 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,667 | €49,521 | €38,861 | €35,212 | €32,001 | ▼ 9.1% |
| Equity10/15 | €42,283 | €26,901 | €19,145 | €23,635 | €24,592 | ▲ 4.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €27,860 | €19,860 | €8,860 | €11,110 | €11,860 | ▲ 6.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €18,000 | €7,000 | €9,250 | €10,000 | ▲ 8.1% |
| Profit (loss) carried forward14 | €2,023 | -€5,359 | -€2,115 | €125 | €332 | ▲ 166% |
| Amounts payable17/49 | €28,383 | €22,620 | €19,716 | €11,577 | €7,409 | ▼ 36.0% |
| Amounts payable after more than one year17 | €10,731 | €5,401 | - | €5,000 | €2,500 | ▼ 50.0% |
| Financial debts170/4 | - | €5,401 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €5,000 | €2,500 | ▼ 50.0% |
| Amounts payable within one year42/48 | €17,328 | €16,896 | €19,393 | €6,254 | €4,909 | ▼ 21.5% |
| Current portion of amounts payable after more than one year42 | - | €5,330 | €5,401 | - | - | - |
| Trade debts44 | €1,975 | €1,389 | €2,903 | €4,883 | €3,493 | ▼ 28.5% |
| Suppliers440/4 | - | €1,389 | €2,903 | €4,883 | €3,493 | ▼ 28.5% |
| Taxes, remuneration and social security45 | - | €62 | - | €225 | €300 | ▲ 33.3% |
| Taxes450/3 | - | €62 | - | €225 | €300 | ▲ 33.3% |
| Other amounts payable47/48 | - | €10,115 | €11,088 | €1,146 | €1,116 | ▼ 2.6% |
| Accrued charges and deferred income492/3 | - | €323 | €323 | €323 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34 | -€7,382 | €3,244 | €4,490 | €957 | ▼ 78.7% |
| + Depreciation and write-downs630 | €6,557 | €7,042 | €6,180 | €4,942 | €5,005 | ▲ 1.3% |
| Operating cash flow (approximation) | €6,592 | -€340 | €9,424 | €9,432 | €5,962 | ▼ 36.8% |
| Investment in fixed assets (approximation) | - | -€942 | -€2,550 | €0 | -€3,493 | - |
| Change in cash | - | -€6,053 | €5,332 | -€7,331 | €10,586 | ▲ 244% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.03
Current ratio from 1.23 to 4.03; short-term debt falls from €19,393 to €6,254.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3,244
Net result €3,244 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€7,382
Net result drops to -€7,382, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zedelgem · 1 establishment unit since 2015
Ground area
805 m²
Building footprint
159 m²
Volume, LiDAR
872 m³
Parcel 31001A1290/00N002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ONAM
since 20152.237.384.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31001A1290/00N002 | Flanders | 805 m² | 1 · 159 m² | 9.7 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.
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,151 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 (pre-2019)
Founded05-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0505997035
Also
9925:BE0505997035
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.