OPHELIMA
ActiveSummary
OPHELIMA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.0m and a net result of €434,877. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 1007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-19
Solvency92▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.4 in 2024; short-term debt: 5.7% and cash: 0.1% of total assets), and 33.4% of the assets are financed with debt.
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Signals
Six 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.6%
Return on assets
2.2%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
2022
30 d late
2021
31 d late
2020
20 d late
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 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€434,877▼ 15.5%
2024 · €514,878
Working capital
-€695,016▼ 75.1%
2024 · -€396,914
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20212022202320242025
Operating result€47,216€87,796▲ 85.9%€243,317▲ 177%€1,182▼ 99.5%-€32,796
Net result€108,062above the sector's middle half▼ 53.7%€514,993above the sector's middle half▲ 377%€538,603above the sector's middle half▲ 4.6%€514,878above the sector's middle half▼ 4.4%€434,877above the sector's middle half▼ 15.5%
Equity€8.1mabove the sector's middle half▲ 13.8%€8.4mabove the sector's middle half▲ 3.4%€12.1mabove the sector's middle half▲ 43.7%€12.6mabove the sector's middle half▲ 4.0%€13.0mabove the sector's middle half▲ 3.5%
Total assets€12.8mabove the sector's middle half▲ 10.8%€13.4mabove the sector's middle half▲ 5.1%€16.1mabove the sector's middle half▲ 20.0%€16.6mabove the sector's middle half▲ 2.7%€19.5mabove the sector's middle half▲ 17.9%
Debt€4.5m▲ 9.0%€4.8m▲ 5.2%€3.8m▼ 21.5%€3.7m▼ 0.7%€6.3m▲ 68.8%
Working capital-€652,814▼ 56.7%-€736,487▼ 12.8%-€846,925▼ 15.0%-€396,914▲ 53.1%-€695,016▼ 75.1%
Solvency63.7%within the sector's middle half▲ 1.6pp62.6%within the sector's middle half▼ 1.0pp75.0%above the sector's middle half▲ 12.3pp75.9%above the sector's middle half▲ 1.0pp66.6%within the sector's middle half▼ 9.3pp
Staff (FTE)2.3▲ 9.5%3.8▲ 65.2%5within the sector's middle half▲ 31.6%4within the sector's middle half▼ 20.0%3below the sector's middle half▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Net result -54% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €32,796 after €1,182 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.5m
Fixed assets
€19.1m ▲ 17.3%
Current assets
€414,297 ▲ 58.2%
Equity and liabilities €19.5m
Equity
€13.0m ▲ 3.5%
Provisions
€232,550 ▼ 11.4%
Debt
€6.3m ▲ 68.8%
Debt's share of the balance-sheet total rises from 22.5% to 32.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€186,011▼
2024 · €229,151
Cash flow
€653,684▼
2024 · €742,847
Current ratio
0.37▼
2024 · 0.40
Debt to equity
0.48▲
2024 · 0.30
ROE
3.3%▼
2024 · 4.1%
ROA
2.2%▼
2024 · 3.1%
Interest coverage
1.81▼
2024 · 4.05
Debt ≤ 1 year
€1.1m▲
2024 · €658,751
Debt > 1 year
€5.2m▲
2024 · €3.0m
Income taxes
€74▼
2024 · €6,544
Staff costs
€101,171▼
2024 · €121,834
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €75,960 | €94,757 | €147,297 | €121,834 | €101,171 | ▼ 17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €161,998 | €176,927 | €189,781 | €227,969 | €218,807 | ▼ 4.0% |
| Other operating charges640/8 | €5,640 | €7,662 | €8,228 | €8,205 | €9,227 | ▲ 12.5% |
| Gross operating margin9900 | €290,814 | €367,142 | €588,623 | €359,191 | €296,409 | ▼ 17.5% |
| Operating profit (loss)9901 | €47,216 | €87,796 | €243,317 | €1,182 | -€32,796 | ▼ 2,874% |
| Financial income75/76B | €150,443 | €482,106 | €336,826 | €550,378 | €540,355 | ▼ 1.8% |
| Recurring financial income75 | €150,443 | €480,423 | €330,401 | €550,378 | €540,355 | ▼ 1.8% |
| Non-recurring financial income76B | - | €1,683 | €6,425 | - | - | - |
| Financial charges65/66B | €85,582 | €74,902 | €65,579 | €56,621 | €102,664 | ▲ 81.3% |
| Recurring financial charges65 | €85,582 | €74,902 | €65,579 | €56,621 | €102,664 | ▲ 81.3% |
| Profit (loss) for the period before taxes9903 | €112,077 | €495,000 | €514,564 | €494,939 | €404,895 | ▼ 18.2% |
| Transfer from deferred taxes780 | - | €20,050 | €24,505 | €26,483 | €30,057 | ▲ 13.5% |
| Income taxes67/77 | €4,015 | €57 | €466 | €6,544 | €74 | ▼ 98.9% |
| Profit (loss) for the period9904 | €108,062 | €514,993 | €538,603 | €514,878 | €434,877 | ▼ 15.5% |
| Transfer from tax-exempt reserves789 | €166,493 | €49,506 | €62,708 | €68,640 | €79,363 | ▲ 15.6% |
| Profit (loss) for the period to be appropriated9905 | €274,556 | €564,500 | €601,311 | €583,518 | €514,240 | ▼ 11.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.8m | €13.4m | €16.1m | €16.6m | €19.5m | ▲ 17.9% |
| Fixed assets21/28 | €12.8m | €12.9m | €16.1m | €16.3m | €19.1m | ▲ 17.3% |
| Tangible fixed assets22/27 | €2.9m | €3.0m | €2.9m | €3.1m | €3.2m | ▲ 4.4% |
| Land and buildings22 | €2.0m | €2.0m | €1.9m | €2.1m | €2.1m | ▼ 2.1% |
| Plant, machinery and equipment23 | €850,731 | €1.0m | €944,069 | €953,178 | €1.1m | ▲ 19.1% |
| Furniture and vehicles24 | €1,849 | €1,353 | €857 | €361 | - | - |
| Financial fixed assets28 | €9.9m | €9.9m | €13.2m | €13.2m | €15.9m | ▲ 20.3% |
| Current assets29/58 | €23,783 | €523,742 | €33,470 | €261,837 | €414,297 | ▲ 58.2% |
| Amounts receivable after more than one year29 | €17,206 | €335,522 | €7,091 | €6,592 | €6,068 | ▼ 8.0% |
| Other amounts receivable291 | €17,206 | €335,522 | €7,091 | €6,592 | €6,068 | ▼ 8.0% |
| Amounts receivable within one year40/41 | €5,036 | €180,389 | €19,620 | €253,483 | €380,775 | ▲ 50.2% |
| Trade receivables40 | €4,105 | €21,991 | €19,144 | €252,978 | €277,947 | ▲ 9.9% |
| Other amounts receivable41 | €931 | €158,398 | €475 | €505 | €102,827 | ▲ 20,264% |
| Cash at bank and in hand54/58 | €132 | €6,229 | €5,246 | €111 | €25,315 | ▲ 22,645% |
| Deferred charges and accrued income490/1 | €1,409 | €1,602 | €1,514 | €1,651 | €2,140 | ▲ 29.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.8m | €13.4m | €16.1m | €16.6m | €19.5m | ▲ 17.9% |
| Equity10/15 | €8.1m | €8.4m | €12.1m | €12.6m | €13.0m | ▲ 3.5% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Capital10 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Issued capital100 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Revaluation surpluses12 | €5.5m | €5.5m | €9.1m | €9.1m | €9.1m | = |
| Reserves13 | €340,000 | €724,794 | €863,550 | €794,910 | €715,547 | ▼ 10.0% |
| Non-distributable reserves130/1 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Legal reserve130 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Tax-exempt reserves132 | €140,000 | €524,794 | €663,550 | €594,910 | €515,547 | ▼ 13.3% |
| Profit (loss) carried forward14 | €281,698 | €173,145 | €172,992 | €726,510 | €1.2m | ▲ 70.8% |
| Provisions and deferred taxes16 | €103,130 | €246,439 | €289,089 | €262,606 | €232,550 | ▼ 11.4% |
| Provisions for liabilities and charges160/5 | - | €11,800 | €11,800 | €11,800 | €11,800 | = |
| Other liabilities and charges164/5 | - | €11,800 | €11,800 | €11,800 | €11,800 | = |
| Deferred taxes168 | €103,130 | €234,639 | €277,289 | €250,806 | €220,750 | ▼ 12.0% |
| Amounts payable17/49 | €4.5m | €4.8m | €3.8m | €3.7m | €6.3m | ▲ 68.8% |
| Amounts payable after more than one year17 | €3.8m | €3.5m | €2.7m | €3.0m | €5.2m | ▲ 75.1% |
| Financial debts170/4 | €3.8m | €3.5m | €2.7m | €2.9m | €5.2m | ▲ 75.6% |
| Other amounts payable178/9 | €18,000 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Amounts payable within one year42/48 | €676,597 | €1.3m | €880,396 | €658,751 | €1.1m | ▲ 68.4% |
| Current portion of amounts payable after more than one year42 | €581,314 | €577,375 | €553,047 | €551,829 | €617,327 | ▲ 11.9% |
| Financial debts43 | €22,978 | €5,092 | €11,719 | €15,573 | €436,089 | ▲ 2,700% |
| Credit institutions430/8 | €22,978 | €5,092 | €11,719 | €15,573 | €436,089 | ▲ 2,700% |
| Trade debts44 | €46,047 | €23,961 | €28,355 | €28,457 | €34,834 | ▲ 22.4% |
| Suppliers440/4 | €46,047 | €23,961 | €28,355 | €28,457 | €34,834 | ▲ 22.4% |
| Taxes, remuneration and social security45 | €26,258 | €41,374 | €37,071 | €32,892 | €21,063 | ▼ 36.0% |
| Taxes450/3 | €12,262 | €17,208 | €12,382 | €16,876 | €4,468 | ▼ 73.5% |
| Remuneration and social security454/9 | €13,997 | €24,166 | €24,689 | €16,016 | €16,595 | ▲ 3.6% |
| Other amounts payable47/48 | - | €612,427 | €250,204 | €30,000 | - | - |
| Accrued charges and deferred income492/3 | €27,058 | €15,013 | €131,000 | €109,328 | €2,043 | ▼ 98.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108,062 | €514,993 | €538,603 | €514,878 | €434,877 | ▼ 15.5% |
| + Depreciation and write-downs630 | €161,998 | €176,927 | €189,781 | €227,969 | €218,807 | ▼ 4.0% |
| Operating cash flow (approximation) | €270,060 | €691,920 | €728,385 | €742,847 | €653,684 | ▼ 12.0% |
| Investment in fixed assets (approximation) | - | -€332,224 | -€3.4m | -€430,941 | -€3.0m | ▼ 604% |
| Change in cash | - | €6,097 | -€983 | -€5,135 | €25,204 | ▲ 591% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Highest result since 2019net €538,603 ▲4.6%
Operating result €243,317, net result €538,603, both a record.
31-12
Financial
Equity above €10mEq €12.1m ▲43.7%
6 profitable years in a row build equity to €12.1m.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €2,136 ▼31.1%
Net result drops to €2,136, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
18 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, Sint-Pieters-Woluwe · 1 establishment unit since 1998
Ground area
7,613 m²
Building footprint
855 m²
Volume, LiDAR
5,970 m³
2 parcels, Brussels, Wallonia · tallest building 18.7 m, ±3 floors. Linked by address, not a title deed.
95
companies at this address
See who is registered here
1 establishment unit
OPHELIMA
since 19982.271.491.461
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0142/00A004 | Brussels | 4,483 m² | 1 · 617 m² | 18.7 m · 3 fl. |
| 25023D0179/00E000 | Wallonia | 3,130 m² | 1 · 238 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
HERSTORY
10 companies
Group, risk and exposure
Owners and holdings
2 owners · 5 holdings · 6 subsidiaries in the treeChain of control
Highest known parent: HERSTORY. The sources do not say who stands above it.
Owners 2
- 99.9%
- Marie DEVOnatural personSourceown accounts 20250.1%
Holdings 5
- Société Financière de TervuerensubsidiaryEquity €11.9mResult €191,554100%
- MAGABEL SERVICESsubsidiary66.98%
- MAGABELsubsidiarySourceaccounts MAGABEL 202566.91%
- Equity €978,056Result €817,69335%
-
1%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Société Financière de Tervueren 100%2 subsidiaries
IMMOBILIÈRE DE MEISE 100%1 subsidiary
- TARGET PLUS 100%
MAGABEL SERVICES 66.98%1 subsidiary
- JC.DESIGN 95%
- MAGABEL 66.91%
According to the 2025 annual accounts of OPHELIMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,771 companies in sector 69109 we hold annual accounts for 1,208. 85 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46474Wholesale trade
69109Other legal services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463902104
Also
9925:BE0463902104
Registered
17-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.