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OPAH

Active
Private limited companyfounded 20241 yr activeKarel Mirystraat 8, 2650 Edegem, BelgiumKBO/BCE: BE 1016.695.996
Summary

OPAH has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,687 and a net result of -€25,313. Its solvency ranks better than 67% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes
Profitability5
Solvency78
Growth-
Track record67
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
cash: 1.7% of total assets, and 47.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
52.9%
Return on assets
-10.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
17 d early
← before the deadline after the deadline →
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 27 November 2024, OPAH was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€124,687
Total assets
€235,785
Net result
-€25,313
Working capital
Not included in this filing

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €235,785
Fixed assets €227,350
Current assets €8,435
Equity and liabilities €235,785
Equity €124,687
Debt €111,097
Debt finances 47.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€7,528
Cash flow
-€11,666
Debt to equity
0.89
ROE
-20.3%
ROA
-10.7%
Interest coverage
-1.82
Debt > 1 year
€107,000

Peer companies

Historical observation

Of the 584 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.2% went bankrupt
6.0% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 584 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 · 2025 · 26 lines
Balance sheet Code2025
Assets
Total assets20/58€235,785
Fixed assets21/28€227,350
Tangible fixed assets22/27€227,350
Land and buildings22€227,350
Current assets29/58€8,435
Amounts receivable within one year40/41€4,513
Other amounts receivable41€4,513
Cash at bank and in hand54/58€3,921
Equity and liabilities
Total equity and liabilities10/49€235,785
Equity10/15€124,687
Contributions10/11€150,000
Profit (loss) carried forward14-€25,313
Amounts payable17/49€111,097
Amounts payable after more than one year17€107,000
Other amounts payable178/9€107,000
Accrued charges and deferred income492/3€4,097
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,647
Other operating charges640/8€907
Gross operating margin9900-€6,621
Operating profit (loss)9901-€21,175
Financial charges65/66B€4,138
Recurring financial charges65€4,138
Profit (loss) for the period before taxes9903-€25,313
Profit (loss) for the period9904-€25,313
Profit (loss) for the period to be appropriated9905-€25,313
Appropriation of the result
Profit (loss) to be appropriated9906-€25,313

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,647
Other operating charges640/8€907
Gross operating margin9900-€6,621
Operating profit (loss)9901-€21,175
Financial charges65/66B€4,138
Recurring financial charges65€4,138
Profit (loss) for the period before taxes9903-€25,313
Profit (loss) for the period9904-€25,313
Profit (loss) for the period to be appropriated9905-€25,313
Line2025
Assets
Total assets20/58€235,785
Fixed assets21/28€227,350
Tangible fixed assets22/27€227,350
Land and buildings22€227,350
Current assets29/58€8,435
Amounts receivable within one year40/41€4,513
Other amounts receivable41€4,513
Cash at bank and in hand54/58€3,921
Equity and liabilities
Total equity and liabilities10/49€235,785
Equity10/15€124,687
Contributions10/11€150,000
Profit (loss) carried forward14-€25,313
Amounts payable17/49€111,097
Amounts payable after more than one year17€107,000
Other amounts payable178/9€107,000
Accrued charges and deferred income492/3€4,097
Line2025
Profit (loss) for the period9904-€25,313
+ Depreciation and write-downs630€13,647
Operating cash flow (approximation)-€11,666

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

2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Edegem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
9,851 m²
Building footprint
406 m²
Volume, LiDAR
2,328 m³
Parcel 11472B0054/00P003, Flanders · tallest building 21.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
OPAH
Karel Mirystraat 8, 2650 EdegemRenting and operating of own or leased non-residential real estate, excluding land
since 20242.367.093.374
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11472B0054/00P003 Flanders 9,851 m² 1 · 406 m² 21.1 m · 1 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.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 3,956 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
Founded27-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
70200Business and other management consultancy
Contact
E-mail olivier@hottlet.be
Phone 0475829902
E-invoicing
Reachable via Peppol
Peppol ID 0208:1016695996
Also 9925:BE1016695996
Registered 07-09-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.