Equity
Equity rose in 2025 from €96,619 to €157,392.
Equity rose in 2025 from €96,619 to €157,392.
The micro format states no turnover.
Mortgages, new in 2025. 1.7 times equity · not in the 2024 accounts.
Short-term debts fell from €74,196 to €71,397.
The 2024 accounts came latest: 46 days after the end of the period.
Higher net result than 86% of companies in other manufacturing. Sector median €7,577 · 786 companies.
In July 2024, 26,972 companies had the same profile as OPTIC STARTUP has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for OPTIC STARTUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| OPTIC STARTUP Grâce-Hollogne | €436,066 | €160,053 | 36.1% | - |
| B&E Dentaallabo Liedekerke | €392,309 | €199,756 | 74.9% | - |
| Orthopedie Van Parys Izegem | €422,098 | €154,098 | 23.3% | - |
| DEN HANGAAR Tienen | €564,780 | €185,094 | 86.2% | - |
| LABORATOIRE DENTAIRE GENIES La Bruyère | €429,244 | €245,244 | 54.0% | - |
| ON-GEHOORD Ghent | €336,163 | €198,578 | 43.6% | - |
| Zem Optix De Haan | €313,943 | €179,507 | 19.2% | 0 |
These companies have the same main activity as OPTIC STARTUP: manufacture of medical and dental instruments and supplies (NACE 32500). They are comparable in size and age: total assets between €314,000 and €565,000, founded between 2015 and 2019.
OPTIC STARTUP files the micro format. That format states no turnover. The gross margin rose from €31,785 in 2018 to €160,053 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 46% of 788 companies in 2025.
Higher than 45% of 749 companies in 2025.
Higher than 71% of 760 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 1 left. Training hours in 2025: 661.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
436,066 | 407,312 | 69,710 | 71,820 | 59,832 | 37,297 | 42,782 | 36,615 | |
21/28 |
333,337 | 342,202 | 13,433 | 9,423 | 5,051 | 7,049 | 5,576 | - | |
21 |
1,871 | 3,371 | 4,871 | 6,370 | - | - | - | - | |
22/27 |
331,466 | 338,832 | 8,563 | 3,053 | 5,051 | 7,049 | 5,576 | - | |
22 |
316,440 | 324,728 | - | - | - | - | - | - | |
23 |
11,651 | 8,092 | 1,079 | 2,203 | 3,327 | 4,451 | 5,576 | - | |
24 |
3,375 | 6,013 | 7,483 | 850 | 1,724 | 2,598 | - | - | |
29/58 |
102,730 | 65,109 | 56,277 | 62,397 | 54,781 | 30,248 | 37,207 | 36,615 | |
40/41 |
71,423 | 35,901 | 36,105 | 6,052 | 2,147 | 6,983 | 24,021 | 18,646 | |
40 |
19,002 | 7,239 | 15,707 | 0 | 0 | 6,983 | 2,505 | 7,164 | |
41 |
52,420 | 28,662 | 20,399 | 6,052 | 2,147 | - | 21,516 | 11,483 | |
54/58 |
30,051 | 28,732 | 19,299 | 56,346 | 52,634 | 23,265 | 13,185 | 17,969 | |
490/1 |
1,256 | 477 | 873 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
436,066 | 407,312 | 69,710 | 71,820 | 59,832 | 37,297 | 42,782 | 36,615 | |
10/15 |
157,392 | 96,619 | 60,538 | 40,039 | 48,332 | 26,091 | 41,727 | 35,180 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | |
13 |
61,203 | 31,203 | 1,203 | 1,203 | 1,203 | 1,203 | 1,203 | 854 | |
130/1 |
1,203 | 1,203 | 1,203 | 1,203 | 1,203 | 1,203 | - | - | |
130 |
- | - | - | - | - | - | 1,203 | 854 | |
1311 |
1,203 | 1,203 | 1,203 | 1,203 | 1,203 | 1,203 | - | - | |
133 |
60,000 | 30,000 | - | - | - | - | - | - | |
14 |
83,789 | 53,017 | 46,935 | 26,436 | 34,729 | 12,488 | 28,124 | 21,926 | |
17/49 |
278,675 | 310,692 | 9,172 | 31,781 | 11,500 | 11,206 | 1,056 | 1,435 | |
17 |
207,278 | 236,496 | - | - | - | - | - | - | |
170/4 |
207,278 | 236,496 | - | - | - | - | - | - | |
42/48 |
71,397 | 74,196 | 9,172 | 31,781 | 11,500 | 11,206 | 1,056 | 1,435 | |
42 |
29,218 | 23,504 | - | - | - | - | - | - | |
44 |
5,745 | 22,669 | 164 | 14,967 | 1,659 | 3,704 | 1,056 | 1,028 | |
440/4 |
5,745 | 22,669 | 164 | 14,967 | 1,659 | 3,704 | 1,056 | 1,028 | |
45 |
36,434 | 28,023 | 9,008 | 16,814 | 8,905 | 5,706 | - | 407 | |
450/3 |
29,953 | 24,892 | 7,365 | 5,201 | - | 1,517 | - | - | |
454/9 |
6,480 | 3,131 | 1,643 | 11,613 | 8,905 | 4,189 | - | 407 | |
47/48 |
- | - | - | - | 937 | 1,796 | - | - | |
| Income statement | |||||||||
70 |
- | - | - | - | - | - | 106,501 | - | |
9900 |
160,053 | 135,800 | 49,166 | 61,324 | 72,210 | 16,724 | 13,336 | 31,785 | |
60/61 |
- | - | - | - | - | - | 93,944 | - | |
62 |
57,357 | 21,700 | 17,339 | 64,510 | 45,772 | 29,742 | 3,628 | 2,500 | |
630 |
12,945 | 6,327 | 4,598 | 3,128 | 1,998 | 1,998 | 46 | - | |
640/8 |
3,946 | 8,193 | 1,216 | 1,243 | 692 | 484 | 758 | 160 | |
66A |
536 | 46,392 | - | - | - | - | - | - | |
9901 |
85,269 | 53,189 | 26,013 | -7,558 | 23,748 | -15,499 | 8,904 | 29,125 | |
75/76B |
1,643 | 749 | - | 8 | 1 | - | 0 | - | |
75 |
1,643 | 749 | - | 8 | 1 | - | 0 | - | |
65/66B |
12,709 | 926 | 171 | 257 | 120 | 136 | 102 | 37 | |
65 |
12,709 | 926 | 171 | 257 | 120 | 136 | 102 | 37 | |
9903 |
74,204 | 53,012 | 25,842 | -7,807 | 23,628 | -15,635 | 8,802 | 29,088 | |
67/77 |
13,432 | 16,931 | 5,343 | 485 | 1,388 | 0 | 2,256 | 6,308 | |
9904 |
60,772 | 36,081 | 20,499 | -8,292 | 22,240 | -15,635 | 6,546 | 22,780 | |
9905 |
60,772 | 36,081 | 20,499 | -8,292 | 22,240 | -15,635 | 6,546 | 22,780 | |
| Appropriation of the result | |||||||||
9906 |
113,789 | 83,017 | 46,935 | 26,436 | 34,729 | 12,488 | 28,472 | 22,780 | |
14P |
53,017 | 46,935 | 26,436 | 34,729 | 12,488 | - | - | - | |
691/2 |
30,000 | 30,000 | - | - | - | - | 348 | 854 | |
6920 |
- | - | - | - | - | - | 348 | 854 | |
6921 |
30,000 | 30,000 | - | - | - | - | - | - | |
| Social balance sheet | |||||||||
9087 |
2 | - | - | - | - | - | 0.1 | 0.1 | |
Hours worked1013 |
3,139 | - | - | - | - | - | 187 | 147 | |
| Document | |||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 11-09-2026.
2025 annual accounts filed 42 days after the deadline. Filed on 11 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00511076.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-09-2026 | 2026-00511076 | |
| 31-12-2024 | micro format | 15-09-2025 | 2025-00491857 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00413840 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00398631 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20376687 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52300140 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-44100255 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-54900017 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 98,214 | 59,515 | 30,611 | -4,429 | 25,746 | -13,501 | 8,950 | - | ||
| 73,717 | 42,408 | 25,097 | -5,164 | 24,239 | -13,637 | 6,592 | - | ||
| 9,415 | 335,096 | 8,609 | 7,500 | 0 | 3,472 | 5,622 | - | ||
| 1,319 | 9,433 | -37,047 | 3,711 | 29,369 | 10,079 | -4,784 | - | ||
| 31,333 | -9,087 | 47,105 | 30,617 | 43,281 | 19,042 | 36,151 | 35,180 | ||
| - | - | - | - | - | - | 8.4% | - | ||
| 36.1% | 23.7% | 86.8% | 55.7% | 80.8% | 70.0% | 97.5% | 96.1% | ||
| 1.44 | 0.88 | 6.14 | 1.96 | 4.76 | 2.70 | 35.24 | 25.52 | ||
| 1.77 | 3.22 | 0.15 | 0.79 | 0.24 | 0.43 | 0.03 | 0.04 | ||
| 38.6% | 37.3% | 33.9% | -20.7% | 46.0% | -59.9% | 15.7% | 64.8% | ||
| 13.9% | 8.9% | 29.4% | -11.5% | 37.2% | -41.9% | 15.3% | 62.2% | ||
| 7.73 | 64.30 | over 100 | -17.21 | over 100 | - | - | - | ||
| - | - | - | - | - | - | 9 days | - | ||
| - | - | - | - | - | - | 4 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| 2 | |
| On a permanent contract | 2 |
| Joined | 1 |
| Left | 1 |
| Training hours | 661 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €260,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €276,250 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,415 | €335,096 | €8,609 | - | - |
| Intangible fixed assets | - | - | - | €7,500 | - |
| €12,945 | €6,327 | €4,598 | €3,128 | €1,998 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 60% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 76.3% to 63.9%. Equity is higher and debt is lower.
OPTIC STARTUP has no parent and no holdings in its annual accounts. is the only director. OPTIC STARTUP shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Joseph Heusdens 32 registered office 4460 Grâce-Hollogne | ||
| PEARLE OPTICIENS Boulevard Raymond-Poincaré 7, 4020 Liège 3250006 Manufacture of medical and dental instruments and supplies | 09-01-2018 | 2.272.053.665 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62817B0604/00D002 | 6,611 m² | 1 · 4,730 m² | 25.6 m · 5 |
| 62046A0833/00M006 | 356 m² | 1 · 64 m² | 8.5 m · 3 |
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