Equity
OPTICAL SORTING paid out €250,000 in dividends. That is 181% of the 2025 profit.
OPTICAL SORTING paid out €250,000 in dividends. That is 181% of the 2025 profit.
The accounts state no turnover.
Debts rose by €149,113 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €100,900 to €250,013.
The 2018 accounts came 359 days late. The other seven were filed on time.
Higher net result than 95% of companies in rental and leasing. Sector median €5,284 · 1,846 companies.
The dashed line is the sector median: 0.5% across 3,166 companies (NACE 77, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, micro). It does better than 42% of them on solvency, 72% on liquidity, 95% on profitability and 10% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,713 companies had the same profile as OPTICAL SORTING has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of OPTICAL SORTING itself is lower: 0.1% within 12 months. It rests on far more data about OPTICAL SORTING than the profile alone.
The method was tested on the 497,447 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 6,713 companies, not a prediction for OPTICAL SORTING. 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.
Liquidity is tight, with a current ratio of 1.11 (2.18 in 2024), below the usual 1.5. Short-term debt is 75.4% and cash 82.5% of total assets. 75.4% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 115 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| OPTICAL SORTING Raeren | €331,508 | €213,811 | 24.6% | - |
| DEGRAEUWE Sint-Niklaas | €386,328 | €184,917 | 37.9% | - |
| PSK INVEST Haaltert | €437,785 | €186,260 | 56.9% | 0 |
| WärmeService & MietHeizung Eupen | €338,829 | €128,342 | 27.1% | - |
| Vaes Verhuur Zonhoven | €433,638 | €195,941 | 80.3% | - |
| CITIZEN CINÉ SERVICES Forest | €288,675 | €127,805 | 51.8% | - |
| VD Group Lede | €262,793 | €147,292 | 48.4% | - |
These companies have the same main activity as OPTICAL SORTING: renting and leasing of other machinery, equipment and tangible goods (NACE 77399). They are comparable in size and age: total assets between €263,000 and €438,000, founded between 2017 and 2019.
OPTICAL SORTING files the micro format. That format states no turnover. The gross margin rose from €134,225 in 2018 to €213,811 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €540,000. Estimated: probably between €360,000 and €830,000.
Higher than 45% of 1,845 companies in 2025.
Higher than 52% of 1,757 companies in 2025.
Higher than 95% of 1,774 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
331,508 | 294,201 | 248,492 | 323,403 | 389,960 | 364,798 | 485,033 | 272,682 | |
20 |
- | - | - | - | 8,756 | 18,309 | 27,861 | 37,413 | |
21/28 |
54,355 | 74,636 | 68,546 | 89,862 | 90,465 | 109,752 | 45,008 | 35,056 | |
21 |
4,763 | 8,887 | 14,101 | 19,315 | 3,926 | 5,180 | - | - | |
22/27 |
21,492 | 37,649 | 26,345 | 42,446 | 58,438 | 76,471 | 16,908 | 6,956 | |
23 |
21,000 | 36,498 | 24,375 | 40,502 | 57,637 | 74,864 | 16,094 | 5,716 | |
24 |
492 | 1,151 | 1,970 | 1,945 | 802 | 1,608 | 815 | 1,240 | |
28 |
28,100 | 28,100 | 28,100 | 28,100 | 28,100 | 28,100 | 28,100 | 28,100 | |
29/58 |
277,154 | 219,564 | 179,946 | 233,542 | 290,739 | 236,738 | 412,164 | 200,213 | |
40/41 |
3,612 | 29,298 | 26,026 | 13,921 | 54,310 | 47,710 | 112,066 | 113,439 | |
40 |
- | - | - | - | 43,297 | 43,297 | 108,297 | 108,297 | |
41 |
3,612 | 29,298 | 26,026 | 13,921 | 11,014 | 4,413 | 3,770 | 5,142 | |
54/58 |
273,542 | 189,906 | 153,571 | 219,293 | 235,742 | 188,343 | 299,416 | 86,099 | |
490/1 |
- | 361 | 350 | 327 | 686 | 684 | 681 | 675 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
331,508 | 294,201 | 248,492 | 323,403 | 389,960 | 364,798 | 485,033 | 272,682 | |
10/15 |
81,495 | 193,300 | 46,982 | 123,391 | 189,947 | 54,659 | 228,526 | 130,528 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | |
10 |
- | - | - | - | - | - | - | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
11 |
- | - | - | - | - | 18,600 | - | - | |
1109/19 |
- | - | - | - | - | 18,600 | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 10,549 | 10,549 | 10,549 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
132 |
- | - | - | - | - | 8,689 | 8,689 | 8,689 | |
14 |
61,035 | 172,840 | 26,522 | 102,471 | 167,650 | 22,296 | 194,786 | 95,409 | |
15 |
- | - | - | 460 | 1,837 | 3,214 | 4,592 | 5,970 | |
17/49 |
250,013 | 100,900 | 201,510 | 200,013 | 200,013 | 310,139 | 256,507 | 142,154 | |
42/48 |
250,013 | 100,900 | 201,510 | 200,013 | 200,013 | 310,139 | 256,507 | 142,154 | |
44 |
13 | 900 | 1,510 | 13 | 13 | 420 | - | 13,000 | |
440/4 |
13 | 900 | 1,510 | 13 | 13 | 420 | - | 13,000 | |
45 |
37,500 | 15,000 | 30,000 | 30,000 | 30,000 | 54,719 | 69,507 | 29,154 | |
450/3 |
37,500 | 15,000 | 30,000 | 30,000 | 30,000 | 54,719 | 69,507 | 29,154 | |
47/48 |
212,500 | 85,000 | 170,000 | 170,000 | 170,000 | 255,000 | 187,000 | 100,000 | |
492/3 |
0 | - | - | - | - | - | - | - | |
| Income statement | |||||||||
9900 |
213,811 | 208,837 | 188,004 | 208,452 | 213,193 | 194,597 | 188,299 | 134,225 | |
630 |
20,282 | 23,410 | 22,545 | 30,879 | 28,839 | 17,329 | 14,600 | 12,634 | |
640/8 |
400 | 387 | 384 | 348 | 348 | 348 | 348 | 348 | |
9901 |
193,130 | 185,040 | 165,075 | 177,225 | 184,005 | 176,921 | 173,351 | 121,243 | |
75/76B |
400 | 101,217 | 921 | 1,692 | 201,377 | 1,378 | 201,378 | 1,492 | |
75 |
400 | 101,217 | 921 | 1,692 | 201,377 | 1,378 | 201,378 | 1,492 | |
65/66B |
162 | 138 | 127 | 172 | 163 | 123 | 0 | - | |
65 |
162 | 138 | 127 | 172 | 163 | 123 | 0 | - | |
9903 |
193,367 | 286,118 | 165,870 | 178,744 | 385,220 | 178,175 | 374,729 | 122,735 | |
67/77 |
55,173 | 39,800 | 41,819 | 43,923 | 47,686 | 50,665 | 55,352 | 29,154 | |
9904 |
138,195 | 246,318 | 124,051 | 134,821 | 337,534 | 127,510 | 319,376 | 93,581 | |
9905 |
138,195 | 246,318 | 124,051 | 134,821 | 337,534 | 127,510 | 319,376 | 93,581 | |
| Appropriation of the result | |||||||||
9906 |
311,035 | 272,840 | 226,522 | 302,471 | 367,650 | 322,296 | 414,786 | 196,216 | |
14P |
172,840 | 26,522 | 102,471 | 167,650 | - | - | - | 102,635 | |
691/2 |
- | - | - | - | - | - | - | 807 | |
6920 |
- | - | - | - | - | - | - | 807 | |
694/7 |
250,000 | 100,000 | 200,000 | 200,000 | 200,000 | 300,000 | 220,000 | 100,000 | |
694 |
250,000 | 100,000 | 200,000 | 200,000 | 200,000 | 300,000 | 220,000 | 100,000 | |
| Document | |||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 16-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-03-2026 | 2026-00059150 | |
| 31-12-2024 | micro format | 11-03-2025 | 2025-00046525 | |
| 31-12-2023 | micro format | 22-02-2024 | 2024-00033095 | |
| 31-12-2022 | full format | 13-02-2023 | 2023-00026686 | |
| 31-12-2021 | micro format | 25-03-2022 | 2022-08500510 | |
| 31-12-2020 | abbreviated format | 31-05-2021 | 2021-15800332 | |
| 31-12-2019 | full format | 23-07-2020 | 2020-33100542 | |
| 31-12-2018 | full format | 24-07-2020 | 2020-33100543 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 213,411 | 208,449 | 187,620 | 208,104 | 212,845 | 194,249 | 187,951 | 133,877 | ||
| 158,476 | 269,728 | 146,596 | 165,701 | 366,373 | 144,839 | 333,976 | 106,215 | ||
| 0 | 29,500 | 1,229 | 21,520 | 9,552 | 72,520 | 15,000 | 1.5m | ||
| 83,636 | 36,335 | -65,723 | -16,449 | 47,399 | -111,072 | 213,317 | - | ||
| 27,141 | 118,664 | -21,564 | 33,529 | 90,726 | -73,401 | 155,657 | 58,059 | ||
| 24.6% | 65.7% | 18.9% | 38.2% | 48.7% | 15.0% | 47.1% | 47.9% | ||
| 1.11 | 2.18 | 0.89 | 1.17 | 1.45 | 0.76 | 1.61 | 1.41 | ||
| 3.07 | 0.52 | 4.29 | 1.62 | 1.05 | 5.67 | 1.12 | 1.09 | ||
| 169.6% | 127.4% | 264.0% | 109.3% | 177.7% | 233.3% | 139.8% | 71.7% | ||
| 41.7% | 83.7% | 49.9% | 41.7% | 86.6% | 35.0% | 65.8% | 34.3% | ||
| over 100 | over 100 | over 100 | over 100 | - | - | - | - |
EBIT margin: not included in this filing.
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 | 2025 | 2024 | 2023 | 2022 | 2018 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €29,500 | €1,229 | €1,720 | €1.4m |
| Intangible fixed assets | - | - | - | €19,800 | - |
| Financial fixed assets | - | - | - | - | €28,100 |
| €20,282 | €23,410 | €22,545 | €30,879 | €12,634 |
Source: notes to the 2018 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 4% higher than in 2024 and the highest since 2018. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 34.3% to 75.4%. Equity is lower and debt is higher.
OPTICAL SORTING has no parent and no holdings in its annual accounts. OPTICAL SORTING 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 |
|---|---|---|
| Schöne Aussicht 22 registered office 4731 Raeren | 13-07-2018 | 2.277.478.143 |
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