OPRAZ
ActiveSummary
OPRAZ has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of €5. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+17
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250,000 at 30 days acceptable
Liquidity ample (current ratio 35.1 against 13.09 in 2024; short-term debt: 1.3% and cash: 4.2% of total assets), and 16.5% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
83.5%
Return on assets
0%
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
29 d late
2023
30 d late
2022
108 d late
2021
92 d late
2020
180 d late
2019
28 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 71 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, micro schema
Equity
€3.4m=
2024 · €3.4m
Total assets
€4.1m▼ 4.4%
2024 · €4.3m
Net result
€5
2024 · -€76,002
Working capital
€1.8m▼ 2.4%
2024 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€79,372▲ 11.1%-€10,824-€197,169▼ 1,722%-€105,632▲ 46.4%-€13,265▲ 87.4%
Net result€122,183▼ 62.9%€211,781▲ 73.3%€2.1m▲ 881%-€76,002€5
Equity€1.4m▲ 3.1%€1.6m▲ 15.1%€3.6m▲ 122%€3.4m▼ 4.4%€3.4m=
Total assets€1.6m▲ 1.8%€2.1m▲ 30.7%€4.2m▲ 97.7%€4.3m▲ 2.4%€4.1m▼ 4.4%
Debt€218,491▼ 5.6%€504,561▲ 131%€608,552▲ 20.6%€865,111▲ 42.2%€675,493▼ 21.9%
Working capital€311,086▲ 8.4%€227,484▼ 26.9%€2.3m▲ 908%€1.8m▼ 19.9%€1.8m▼ 2.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,265 in 2025 against €105,632 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€2.3m ▼ 2.0%
Current assets
€1.8m ▼ 7.2%
Equity and liabilities €4.1m
Equity
€3.4m =
Debt
€675,493 ▼ 21.9%
Debt's share of the balance-sheet total falls from 20.2% to 16.5%. Debt is lower.
Key figures and ratios
EBITDA
€44,387▲
2024 · -€57,326
Cash flow
€57,656▲
2024 · -€27,697
Current ratio
35.10▲
2024 · 13.09
Debt to equity
0.20▼
2024 · 0.25
ROE
0.0%▲
2024 · -2.2%
ROA
0.0%▲
2024 · -1.8%
Interest coverage
1.79▲
2024 · -2.86
Debt ≤ 1 year
€52,552▼
2024 · €151,922
Debt > 1 year
€596,836▼
2024 · €696,341
Income taxes
€1,087▲
2024 · -€805
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,040 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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%.
| 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 6,040 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,878 | - | €336 | - | - | - |
| Remuneration, social security and pensions62 | €416 | €498 | €39 | €918 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,941 | €26,430 | €26,922 | €48,305 | €57,651 | ▲ 19.3% |
| Other operating charges640/8 | €5,659 | €7,247 | €6,056 | €29,364 | €6,397 | ▼ 78.2% |
| Gross operating margin9900 | €111,388 | €23,351 | -€164,152 | -€27,045 | €50,784 | ▲ 288% |
| Operating profit (loss)9901 | €79,372 | -€10,824 | -€197,169 | -€105,632 | -€13,265 | ▲ 87.4% |
| Financial income75/76B | €83,462 | €235,768 | €2.3m | €48,868 | €39,096 | ▼ 20.0% |
| Recurring financial income75 | €83,462 | €235,768 | €2.3m | €48,868 | €39,096 | ▼ 20.0% |
| Financial charges65/66B | €5,442 | €7,814 | €11,885 | €20,044 | €24,739 | ▲ 23.4% |
| Recurring financial charges65 | €5,442 | €7,814 | €11,885 | €20,044 | €24,739 | ▲ 23.4% |
| Profit (loss) for the period before taxes9903 | €157,392 | €217,130 | €2.1m | -€76,807 | €1,092 | ▲ 101% |
| Income taxes67/77 | €35,208 | €5,349 | €20,000 | -€805 | €1,087 | ▲ 235% |
| Profit (loss) for the period9904 | €122,183 | €211,781 | €2.1m | -€76,002 | €5 | ▲ 100% |
| Transfer from tax-exempt reserves789 | €14,963 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €137,146 | €211,781 | €2.1m | -€76,002 | €5 | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.1m | €4.2m | €4.3m | €4.1m | ▼ 4.4% |
| Fixed assets21/28 | €1.2m | €1.7m | €1.7m | €2.3m | €2.3m | ▼ 2.0% |
| Intangible fixed assets21 | €161,609 | €141,408 | €121,207 | €101,006 | €80,805 | ▼ 20.0% |
| Tangible fixed assets22/27 | €42,610 | €627,372 | €623,006 | €1.2m | €1.2m | ▼ 2.1% |
| Land and buildings22 | - | €584,913 | €584,913 | €1.2m | €1.2m | ▼ 2.4% |
| Plant, machinery and equipment23 | €41,064 | €41,886 | €36,220 | €30,554 | €24,888 | ▼ 18.5% |
| Furniture and vehicles24 | €1,546 | €573 | €1,874 | €1,088 | €9,754 | ▲ 796% |
| Financial fixed assets28 | €978,118 | €978,118 | €978,118 | €978,118 | €978,051 | = |
| Current assets29/58 | €439,869 | €373,160 | €2.5m | €2.0m | €1.8m | ▼ 7.2% |
| Amounts receivable after more than one year29 | €80,000 | €105,000 | €260,000 | €260,000 | €260,000 | = |
| Trade receivables290 | €80,000 | €105,000 | €260,000 | €260,000 | €260,000 | = |
| Amounts receivable within one year40/41 | €247,033 | €109,688 | €149,516 | €81,188 | €28,513 | ▼ 64.9% |
| Trade receivables40 | €193,210 | €20,486 | €23,516 | €1,131 | €2,676 | ▲ 137% |
| Other amounts receivable41 | €53,823 | €89,202 | €126,000 | €80,057 | €25,837 | ▼ 67.7% |
| Current investments50/53 | - | - | €2.1m | €1.5m | €1.4m | ▼ 10.6% |
| Cash at bank and in hand54/58 | €110,679 | €158,471 | €4,601 | €100,881 | €174,270 | ▲ 72.7% |
| Deferred charges and accrued income490/1 | €2,156 | - | €113 | €3,313 | €2,912 | ▼ 12.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.1m | €4.2m | €4.3m | €4.1m | ▼ 4.4% |
| Equity10/15 | €1.4m | €1.6m | €3.6m | €3.4m | €3.4m | = |
| Contributions10/11 | €192,400 | €192,400 | €192,400 | €192,400 | €192,400 | = |
| Reserves13 | €337,372 | €347,372 | €437,751 | €357,751 | €357,751 | = |
| Non-distributable reserves130/1 | €7,751 | €7,751 | €7,751 | - | - | - |
| Reserves not available under the articles1311 | €7,751 | €7,751 | €7,751 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €350,000 | - | - |
| Distributable reserves133 | €329,621 | €339,621 | €430,000 | €7,751 | €357,751 | ▲ 4,516% |
| Profit (loss) carried forward14 | €873,942 | €1.1m | €3.0m | €2.9m | €2.9m | = |
| Amounts payable17/49 | €218,491 | €504,561 | €608,552 | €865,111 | €675,493 | ▼ 21.9% |
| Amounts payable after more than one year17 | €89,709 | €358,885 | €428,508 | €696,341 | €596,836 | ▼ 14.3% |
| Financial debts170/4 | €89,709 | €358,885 | €428,508 | €696,341 | €596,836 | ▼ 14.3% |
| Amounts payable within one year42/48 | €128,783 | €145,676 | €175,627 | €151,922 | €52,552 | ▼ 65.4% |
| Current portion of amounts payable after more than one year42 | €41,026 | €77,719 | €36,894 | €50,090 | €50,996 | ▲ 1.8% |
| Financial debts43 | - | - | €322 | €286 | - | - |
| Credit institutions430/8 | - | - | €322 | €286 | - | - |
| Trade debts44 | €6,075 | €1,421 | €7,231 | €1,677 | €1,259 | ▼ 24.9% |
| Suppliers440/4 | €6,075 | €1,421 | €7,231 | €1,677 | €1,259 | ▼ 24.9% |
| Taxes, remuneration and social security45 | €65,682 | €66,535 | €27,039 | €23,870 | €297 | ▼ 98.8% |
| Taxes450/3 | €65,682 | €66,535 | €26,971 | €23,870 | €297 | ▼ 98.8% |
| Remuneration and social security454/9 | - | - | €69 | - | - | - |
| Other amounts payable47/48 | €16,000 | - | €104,140 | €76,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | €4,418 | €16,849 | €26,105 | ▲ 54.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,183 | €211,781 | €2.1m | -€76,002 | €5 | ▲ 100% |
| + Depreciation and write-downs630 | €25,941 | €26,430 | €26,922 | €48,305 | €57,651 | ▲ 19.3% |
| Operating cash flow (approximation) | €148,124 | €238,211 | €2.1m | -€27,697 | €57,656 | ▲ 308% |
| Investment in fixed assets (approximation) | - | -€590,990 | -€2,356 | -€630,008 | -€11,343 | ▲ 98.2% |
| Change in cash | - | €47,792 | -€153,871 | €96,281 | €73,389 | ▼ 23.8% |
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 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €5
Net result €5 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 35.10
Current ratio from 13.09 to 35.10; short-term debt falls from €151,922 to €52,552.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€76,002
Net result drops to -€76,002, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €2.1m ▲881%
Net result €2.1m, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 14.06
Current ratio from 2.56 to 14.06.
31-12
Financial
Equity above €2mEq €3.6m ▲122%
6 profitable years in a row build equity to €3.6m.
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 108 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 180 days late
Show earlier events
2020
31-12
Financial
Liquidity times 5current ratio 3.85
Current ratio from 0.83 to 3.85; short-term debt falls from €209,521 to €100,826.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2007
Ground area
452 m²
Building footprint
242 m²
Volume, LiDAR
2,956 m³
2 parcels, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Schoon Uitzichtlaan 95, 1180 Ukkel
since 20072.164.051.291
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0266/00S006 | Brussels | 241 m² | 1 · 118 m² | 17.8 m · 5 fl. |
| 21612C0004/00V019 | Brussels | 211 m² | 1 · 125 m² | 18.6 m · 5 fl. |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 14,574 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
Founded12-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890790095
Also
9925:BE0890790095
Registered
19-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.