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Onder De Eik

Active
Private limited companyfounded 2024active for 2 yearsBurgemeester Valentijnsstraat 11, 3900 Pelt, BelgiumKBO/BCE: BE 1010.057.337

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-06-2026 at the NBB

Turnover
≈ €46,000
Estimated: probably between €34,000 and €67,000
Total assets
€474,172
Net result
-€19,216
Working capital
-€3,084

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
Assets €474,172
Fixed assets €456,657
Current assets €17,515
Equity and liabilities €474,172
Equity €784
Debt €473,388
Debt's share of the balance-sheet total is 99.8%.
Key figures and ratios
2025 value
EBITDA
€26,590
Cash flow
-€50
Current ratio
0.85
ROA
-4.1%
Interest coverage
1.00
Debt ≤ 1 year
€20,599
Debt > 1 year
€452,789
The equity ratios are withheld because equity of €784 is too small for a meaningful ratio.

Investments

fixed assets acquired
Item2025
Tangible fixed assets€475,824
Depreciation and write-downs of the year€19,166

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€474,172
Fixed assets21/28€456,657
Tangible fixed assets22/27€456,657
Land and buildings22€456,657
Current assets29/58€17,515
Amounts receivable after more than one year29€840
Other amounts receivable291€840
Amounts receivable within one year40/41€6,033
Trade receivables40€6,033
Cash at bank and in hand54/58€10,642
Equity and liabilities
Total equity and liabilities10/49€474,172
Equity10/15€784
Contributions10/11€20,000
Profit (loss) carried forward14-€19,216
Amounts payable17/49€473,388
Amounts payable after more than one year17€452,789
Financial debts170/4€452,789
Amounts payable within one year42/48€20,599
Current portion of amounts payable after more than one year42€16,667
Trade debts44€50
Suppliers440/4€50
Taxes, remuneration and social security45€1,882
Taxes450/3€1,882
Other amounts payable47/48€2,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,166
Other operating charges640/8€1,674
Gross operating margin9900€28,264
Operating profit (loss)9901€7,424
Financial charges65/66B€26,640
Recurring financial charges65€26,640
Profit (loss) for the period before taxes9903-€19,216
Profit (loss) for the period9904-€19,216
Profit (loss) for the period to be appropriated9905-€19,216
Appropriation of the result
Profit (loss) to be appropriated9906-€19,216

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,166
Other operating charges640/8€1,674
Gross operating margin9900€28,264
Operating profit (loss)9901€7,424
Financial charges65/66B€26,640
Recurring financial charges65€26,640
Profit (loss) for the period before taxes9903-€19,216
Profit (loss) for the period9904-€19,216
Profit (loss) for the period to be appropriated9905-€19,216
Line2025
Assets
Total assets20/58€474,172
Fixed assets21/28€456,657
Tangible fixed assets22/27€456,657
Land and buildings22€456,657
Current assets29/58€17,515
Amounts receivable after more than one year29€840
Other amounts receivable291€840
Amounts receivable within one year40/41€6,033
Trade receivables40€6,033
Cash at bank and in hand54/58€10,642
Equity and liabilities
Total equity and liabilities10/49€474,172
Equity10/15€784
Contributions10/11€20,000
Profit (loss) carried forward14-€19,216
Amounts payable17/49€473,388
Amounts payable after more than one year17€452,789
Financial debts170/4€452,789
Amounts payable within one year42/48€20,599
Current portion of amounts payable after more than one year42€16,667
Trade debts44€50
Suppliers440/4€50
Taxes, remuneration and social security45€1,882
Taxes450/3€1,882
Other amounts payable47/48€2,000
Line2025
Profit (loss) for the period9904-€19,216
+ Depreciation and write-downs630€19,166
Operating cash flow (approximation)-€50

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 865 companies had the same profile as Onder De Eik has now. Two years later, 96.6% were still going and 1.5% had gone bankrupt.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
96.6% was still going
1.7% stopped otherwise
1.5% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Onder De Eik itself: 0.6% 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.

The companies in ten equal groups, from the lowest to the 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% 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 865 companies, not a prediction for Onder De Eik. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 30-06-2026 2026-00226242 PDF

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