Ondo VZW
ActiveSummary
Ondo VZW has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.25M and a net result of €-21k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 638 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability30▼-54
Solvency100=
Growth54▲+2
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 5.04 in 2023; short-term debt: 18.6% and cash: 36.5% of total assets), and 18.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Sector 87
lower
← 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
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
81.4%
Return on assets
-0.8%
Age of the figures
21 mo
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 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
63 d early
2022
66 d early
2021
83 d early
2020
47 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€50k▲ 17.3%
2023 · €42k
2018: €33k
2019: €31k
2021: €50k
2022: €42k
2023: €42k
2018 → 2024
EBIT margin
-109.4%▼ 442.2pp
2023 · 332.7%
2018: 868.1%
2019: 348.2%
2021: 301.2%
2022: 528.9%
2023: 332.7%
2018 → 2024
Net result
€-21k
2023 · €158k
2018: €284k
2019: €288k
2020: €182k
2021: €149k
2022: €223k
2023: €158k
2018 → 2024
Working capital
€525k▼ 72.4%
2023 · €1.90M
2018: €850k
2019: €1.14M
2020: €1.33M
2021: €1.50M
2022: €1.73M
2023: €1.90M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€50k€42k▼ 14.7%€42k▲ 0.4%€50k▲ 17.3%
Equity€1.74M-€1.89M▲ 8.6%€2.12M▲ 11.8%€2.27M▲ 7.5%€2.25M▼ 0.9%
Operating result€182k-€150k▼ 17.6%€224k▲ 49.7%€141k▼ 36.8%€-55k
Net result€182k-€149k▼ 17.6%€223k▲ 49.2%€158k▼ 29.1%€-21k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €55k after €141k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.77M
Fixed assets
€1.73M ▲ 367%
Current assets
€1.04M ▼ 56.2%
Equity and liabilities €2.77M
Equity
€2.25M ▼ 0.9%
Debt
€515k ▲ 9.3%
Debt's share of the balance-sheet total rises from 17.2% to 18.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€460▼
2023 · €168k
Cash flow
€34k▼
2023 · €185k
Current ratio
2.02▼
2023 · 5.04
Debt to equity
0.23▲
2023 · 0.21
ROE
-1.0%▼
2023 · 7.0%
ROA
-0.8%▼
2023 · 5.8%
Interest coverage
1.82▼
2023 · 685.23
Debt ≤ 1 year
€515k▲
2023 · €472k
Staff costs
€2.97M▲
2023 · €2.65M
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.75M€2.77M▲
Fixed assets21/28€370k€1.73M▲
Tangible fixed assets22/27€368k€1.73M▲
Land and buildings22€349k€1.71M▲
Plant, machinery and equipment23€17k€8k▼
Furniture and vehicles24€3k€6k▲
Financial fixed assets28€2k€2k=
Current assets29/58€2.38M€1.04M▼
Amounts receivable within one year40/41€98k€29k▼
Trade receivables40€97k€24k▼
Other amounts receivable41€546€5k▲
Cash at bank and in hand54/58€2.27M€1.01M▼
Deferred charges and accrued income490/1€10k-
Equity and liabilities
Total equity and liabilities10/49€2.75M€2.77M▲
Equity10/15€2.27M€2.25M▼
Contributions10/11€8k€8k=
Capital10€8k€8k=
Reserves13€1.62M€1.60M▼
Profit (loss) carried forward14€645k€645k=
Amounts payable17/49€472k€515k▲
Amounts payable within one year42/48€472k€515k▲
Trade debts44€29k€17k▼
Suppliers440/4€29k€17k▼
Taxes, remuneration and social security45€442k€499k▲
Taxes450/3€107k€115k▲
Remuneration and social security454/9€335k€383k▲
Income statement
Code20232024
Turnover70€42k€50k▲
Goods, raw materials, services and sundry goods60/61€154k€390k▲
Remuneration, social security and pensions62€2.65M€2.97M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€55k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€2.82M€2.97M▲
Operating profit (loss)9901€141k€-55k▼
Financial income75/76B€17k€33k▲
Recurring financial income75€17k€33k▲
Financial charges65/66B€245€252▲
Recurring financial charges65€245€252▲
Profit (loss) for the period before taxes9903€158k€-21k▼
Profit (loss) for the period9904€158k€-21k▼
Profit (loss) for the period to be appropriated9905€158k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€803k€623k▼
Profit (loss) brought forward from the previous period14P€645k€645k=
From contributions791-€221k
To contributions691€158k€200k▲
Social balance
Average headcount (FTE)908741.244.6▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-21k ▼114%
Net result drops to €-21k, the lowest in the series.
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.12M ▲11.8%
5 profitable years in a row build equity to €2.12M.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €288k ▲1.2%
Net result €288k, the highest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 337 days late
2016
29-06
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.
Directors · office · real estate
Directors
7 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, Antwerpen · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Helmstraat 1092140 AntwerpenGround area
4,537 m²
Building footprint
2,946 m²
Parcel 11312A0002/00K007, Flanders. Linked by address, not a title deed.
1 establishment unit
Begeleid Wonen Antwerpen-stad
since 20062.155.770.263
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0002/00K007 | Flanders | 4,537 m² | 1 · 2,946 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 13 entries · 5,212,056 EUR awarded · 5,207,992 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 947,988 EUR | 943,924 EUR |
| 2024 | 4 | 934,626 EUR | 934,626 EUR |
| 2023 | 2 | 892,047 EUR | 892,047 EUR |
| 2022 | 4 | 2,437,395 EUR | 2,437,395 EUR |
Schemes
Persoonsvolgend budget voor personen met een handicap (PVB)
Jaarlijks hernieuwbare subsidies aan organisaties voor ondersteuning aan personen met een handicap
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Care and welfare
2 services · 1 liveOndo
Ondo
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Of 322 companies in sector 87202 we hold annual accounts for 273. 219 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded08-06-1988
Fiscal year end31-12
Activities, NACEBEL 2025
87202Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.