OPTILEE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-06-2026 PDF all 33 filings
Turnover
≈ €140,000
Estimated: probably between €65,000 and €340,000
Total assets
€162,754▼ 1.0%
2024 · €164,325
Net result
€1,144▼ 51.3%
2024 · €2,347
Working capital
€21,584▲ 21.6%
2024 · €17,750
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€2,074
▼ 35.8%
2025
20182025
Net result
€1,144
▼ 51.3%
2025
20182025
Equity
€143,073
▼ 1.6%
2025
20182025
Total assets
€162,754
▼ 1.0%
2025
20182025
Debt
€19,680
▲ 3.6%
2025
20182025
Working capital
€21,584
▲ 21.6%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€3,362-€5,606▲ 66.8%€6,713▲ 19.7%€3,459▼ 48.5%€4,383▲ 26.7%€4,205▼ 4.1%€3,228▼ 23.2%€2,074▼ 35.8%
Net result€2,785-€3,404▲ 22.2%€4,484▲ 31.7%€2,230▼ 50.3%€2,978▲ 33.5%€2,861▼ 3.9%€2,347▼ 18.0%€1,144▼ 51.3%
Equity€127,025-€130,429▲ 2.7%€134,913▲ 3.4%€137,143▲ 1.7%€140,122▲ 2.2%€142,983▲ 2.0%€145,330▲ 1.6%€143,073▼ 1.6%
Total assets€175,099-€177,706▲ 1.5%€172,366▼ 3.0%€169,401▼ 1.7%€168,219▼ 0.7%€166,583▼ 1.0%€164,325▼ 1.4%€162,754▼ 1.0%
Debt€48,073-€47,277▼ 1.7%€37,453▼ 20.8%€32,257▼ 13.9%€28,097▼ 12.9%€23,600▼ 16.0%€18,995▼ 19.5%€19,680▲ 3.6%
Working capital-€31,194--€42,490▼ 36.2%-€26,329▲ 38.0%-€10,785▲ 59.0%€3,513€17,802▲ 407%€17,750▼ 0.3%€21,584▲ 21.6%
The operating result for 2025 is 36% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162,754
Fixed assets
€121,489 ▼ 4.8%
Current assets
€41,264 ▲ 12.3%
Equity and liabilities €162,754
Equity
€143,073 ▼ 1.6%
Debt
€19,680 ▲ 3.6%
Debt's share of the balance-sheet total rises from 11.6% to 12.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18,599▲
2024 · €17,836
Cash flow
€17,669▲
2024 · €16,955
Current ratio
2.10▲
2024 · 1.93
Debt to equity
0.14▲
2024 · 0.13
ROE
0.8%▼
2024 · 1.6%
ROA
0.7%▼
2024 · 1.4%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€19,680▲
2024 · €18,995
Income taxes
€888▲
2024 · €839
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,160 | €1,517 | €17,007 | €10,435 |
| Depreciation and write-downs of the year | €13,314 | €13,604 | €13,820 | €14,608 | €16,525 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,660 | €14,214 | €13,271 | €13,314 | €13,604 | €13,820 | €14,608 | €16,525 | ▲ 13.1% |
| Gross operating margin9900 | €17,021 | €19,820 | €19,984 | €16,773 | €17,987 | €18,025 | €17,836 | €18,599 | ▲ 4.3% |
| Operating profit (loss)9901 | €3,362 | €5,606 | €6,713 | €3,459 | €4,383 | €4,205 | €3,228 | €2,074 | ▼ 35.8% |
| Recurring financial income75 | €128 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €43 | €41 | €42 | €42 | €42 | = |
| Recurring financial charges65 | €78 | €72 | €48 | €43 | €41 | €42 | €42 | €42 | = |
| Profit (loss) for the period before taxes9903 | €3,412 | €5,534 | €6,665 | €3,416 | €4,342 | €4,163 | €3,186 | €2,032 | ▼ 36.2% |
| Income taxes67/77 | €627 | €2,130 | €2,181 | €1,185 | €1,363 | €1,302 | €839 | €888 | ▲ 5.8% |
| Profit (loss) for the period9904 | €2,785 | €3,404 | €4,484 | €2,230 | €2,978 | €2,861 | €2,347 | €1,144 | ▼ 51.3% |
| Profit (loss) for the period to be appropriated9905 | €2,785 | €3,404 | €4,484 | €2,230 | €2,978 | €2,861 | €2,347 | €1,144 | ▼ 51.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €175,099 | €177,706 | €172,366 | €169,401 | €168,219 | €166,583 | €164,325 | €162,754 | ▼ 1.0% |
| Fixed assets21/28 | €158,219 | €172,919 | €161,242 | €147,928 | €137,484 | €125,181 | €127,580 | €121,489 | ▼ 4.8% |
| Tangible fixed assets22/27 | €158,219 | €172,919 | €161,242 | €147,928 | €137,484 | €125,181 | €127,580 | €121,489 | ▼ 4.8% |
| Land and buildings22 | - | - | - | €50,243 | €45,162 | €40,081 | €35,001 | €29,920 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | - | - | €97,685 | €91,172 | €84,236 | €92,003 | €91,281 | ▼ 0.8% |
| Furniture and vehicles24 | - | - | - | - | €1,150 | €863 | €576 | €289 | ▼ 49.9% |
| Current assets29/58 | €16,879 | €4,787 | €11,124 | €21,473 | €30,735 | €41,402 | €36,746 | €41,264 | ▲ 12.3% |
| Amounts receivable within one year40/41 | €108 | €54 | €842 | €1,143 | €4,744 | €6,940 | €12,547 | €2,251 | ▼ 82.1% |
| Trade receivables40 | - | - | - | - | €1,972 | €2,090 | €10,435 | - | - |
| Other amounts receivable41 | - | - | - | €1,143 | €2,772 | €4,850 | €2,112 | €2,251 | ▲ 6.6% |
| Cash at bank and in hand54/58 | €16,771 | €4,733 | €10,282 | €20,329 | €25,991 | €34,462 | €24,199 | €36,788 | ▲ 52.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €2,225 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €175,099 | €177,706 | €172,366 | €169,401 | €168,219 | €166,583 | €164,325 | €162,754 | ▼ 1.0% |
| Equity10/15 | €127,025 | €130,429 | €134,913 | €137,143 | €140,122 | €142,983 | €145,330 | €143,073 | ▼ 1.6% |
| Contributions10/11 | €61,579 | €61,579 | €61,579 | €61,579 | €61,579 | €61,579 | €61,579 | €61,579 | = |
| Capital10 | - | - | - | €61,579 | €61,579 | €61,579 | €61,579 | - | - |
| Issued capital100 | - | - | - | €61,579 | €61,579 | €61,579 | €61,579 | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | - | €61,579 | - |
| Other1109/19 | - | - | - | - | - | - | - | €61,579 | - |
| Reserves13 | €4,470 | €7,870 | €12,370 | €14,770 | €17,970 | €19,970 | €21,970 | €19,710 | ▼ 10.3% |
| Non-distributable reserves130/1 | - | - | - | €4,470 | €4,470 | €4,470 | €4,470 | €4,470 | = |
| Legal reserve130 | - | - | - | €4,470 | - | €4,470 | €4,470 | €4,470 | = |
| Reserves not available under the articles1311 | - | - | - | - | €4,470 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €10,300 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €13,500 | €15,500 | €17,500 | €15,240 | ▼ 12.9% |
| Profit (loss) carried forward14 | €60,977 | €60,981 | €60,965 | €60,795 | €60,574 | €61,435 | €61,781 | €61,785 | = |
| Amounts payable17/49 | €48,073 | €47,277 | €37,453 | €32,257 | €28,097 | €23,600 | €18,995 | €19,680 | ▲ 3.6% |
| Amounts payable within one year42/48 | €48,073 | €47,277 | €37,453 | €32,257 | €27,222 | €23,600 | €18,995 | €19,680 | ▲ 3.6% |
| Financial debts43 | - | - | - | €11,230 | €4,618 | €4,618 | €4,618 | - | - |
| Credit institutions430/8 | - | - | - | €11,230 | €4,618 | €4,618 | €4,618 | - | - |
| Trade debts44 | €997 | - | €918 | €1,459 | €1,118 | €1,444 | €1,067 | €1,492 | ▲ 39.8% |
| Suppliers440/4 | - | - | - | €1,459 | €1,118 | €1,444 | €1,067 | €1,492 | ▲ 39.8% |
| Taxes, remuneration and social security45 | - | - | - | €1,185 | €320 | €200 | €200 | €1,058 | ▲ 429% |
| Taxes450/3 | - | - | - | €1,185 | €320 | €200 | €200 | €1,058 | ▲ 429% |
| Other amounts payable47/48 | - | - | - | €18,383 | €21,167 | €17,339 | €13,111 | €17,131 | ▲ 30.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €875 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,785 | €3,404 | €4,484 | €2,230 | €2,978 | €2,861 | €2,347 | €1,144 | ▼ 51.3% |
| + Depreciation and write-downs630 | €13,660 | €14,214 | €13,271 | €13,314 | €13,604 | €13,820 | €14,608 | €16,525 | ▲ 13.1% |
| Operating cash flow (approximation) | €16,444 | €17,618 | €17,755 | €15,545 | €16,583 | €16,681 | €16,955 | €17,669 | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | -€28,913 | -€1,595 | €0 | -€3,160 | -€1,517 | -€17,007 | -€10,435 | ▲ 38.6% |
| Change in cash | - | -€12,038 | €5,549 | €10,048 | €5,661 | €8,471 | -€10,263 | €12,589 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as OPTILEE has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OPTILEE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for OPTILEE. 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.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-06-2026 | 2026-00134873 | |
| 31-12-2024 | micro format | 07-08-2025 | 2025-00363923 | |
| 31-12-2023 | micro format | 29-05-2024 | 2024-00099809 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379227 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20335937 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66200344 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49200355 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-62600125 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-58500556 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59900004 |