For Open Geospatial Consortium Europe, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€182,061) and a net result of €69,528. Equity is growing by about 9.5% per year across the filed financial years. Its solvency ranks better than 13% of 2,641 sector peers (NACE 62, financial year 2023). The association has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Computer consultancy and computer facilities management
NACE 62200
1 site
Size
≈ €2.7mturnover 2023, estimated
Staff
8 FTE
Equity
-€182,061
Surplus
€69,528
Turnover estimated from the gross margin
Financial health
Bankruptcy probabilitywithin 12 months
0.3%
2023 figures too old to score
Structure
Board
4 members
Auditor: Callens, Vandelanotte & Theunissen BV2024 accounts not filed, 456 days past the deadline3 of 8 deeds summarised
Signalsraises riskLast filed accounts filed 194 days late; 3 of the last 3 lateTwo or more financial years not filed2023 accounts filed 194 days latelowers riskLegal form: int'l non-profit associationSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 4.35, cash €761,033, halvedShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Average
Solvency20+2
equity -5.4% of total assets
Liquidity70-26
short-term debt 22.9% · cash 22.5%
Profitability71+1
return on assets 2.1%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.1% (25,895 companies, NACE 62, micro)
Last 24 months11-2024: 0.1%12-2024: 0.2%▲ +0.1 percentage points vs 11-202401-2025: 0.2%● unchanged vs 12-202402-2025: 0.2%● unchanged vs 01-202503-2025: 0.1%▼ -0.1 percentage points vs 02-2025lowest value04-2025: 0.1%● unchanged vs 03-202505-2025: 0.1%● unchanged vs 04-202506-2025: 0.1%● unchanged vs 05-202507-2025: 0.1%● unchanged vs 06-202508-2025: 0.1%● unchanged vs 07-202509-2025: 0.2%▲ +0.1 percentage points vs 08-202510-2025: 0.2%● unchanged vs 09-202511-2025: 0.2%● unchanged vs 10-202512-2025: 0.2%● unchanged vs 11-202501-2026: 0.3%▲ +0.1 percentage points vs 12-2025highest value02-2026: 0.3%● unchanged vs 01-2026highest value03-2026: 0.3%● unchanged vs 02-2026highest value04-2026: 0.3%● unchanged vs 03-202605-2026: 0.3%● unchanged vs 04-202606-2026: 0.3%● unchanged vs 05-202607-2026: 0.3%● unchanged vs 06-202608-2026: 0.3%● unchanged vs 07-202609-2026: 0.3%● unchanged vs 08-202610-2026: 0.3%● unchanged vs 09-2026
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
31-12-2024 year end31-07-2025 deadline30-10-2026 today
raises risk · 2023 accounts filed 194 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 10-02-2025, 194 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 162 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
Admissions: Open Geospatial Consortium Europe, Open…Appointment: Peter Rabley (director) ·…
Annual accounts filedfinancial year 2023 · abbreviated…
Annual accounts filedfinancial year 2022 · abbreviated…
Key points
Risk: 2024 accounts not fileddeadline was 31-07-2025456 days past the deadlineView
Risk: Negative equityfinancial year 2023: debts exceed assets-€182,061View
Caution: Among the weakest 8% on equitysector median €196,393 · 2,642 companies-€182,061View
Caution: Staff fell in 2023from 13 FTE to 8 FTE▼ 38.5%View