OPTIONS

Active

Private limited companyfounded 199035 yrs activeGentsesteenweg 519, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 0443.668.003

OPTIONS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203k and a net result of €118k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 11151 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

71 / 100

Healthy▲ +13 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency29▲+11

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €14k at 30 days acceptable

Liquidity tight (current ratio 1.01 against 1.06 in 2024), and 78.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

21.3%

Return on assets

12.4%

Age of the figures

8 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €203k

A punctual record breaks

This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

31 d late

2024

6 d early

2023

39 d early

2022

36 d early

2021

41 d early

2020

26 d early

2019

29 d early

← before the deadline after the deadline →

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 months

Position in the running window

11-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€203k▲ 140%

2024 · €84k

2018: €-20k 2019: €-14k 2020: €31k 2021: €75k 2022: €36k 2023: €66k 2024: €84k

2018 → 2025

Total assets

€951k▲ 0.3%

2024 · €948k

2018: €82k 2019: €74k 2020: €129k 2021: €186k 2022: €722k 2023: €710k 2024: €948k

2018 → 2025

Net result

€118k▲ 526%

2024 · €19k

2018: €27k 2019: €6k 2020: €54k 2021: €45k 2022: €-39k 2023: €30k 2024: €19k

2018 → 2025

Working capital

€5k▼ 77.2%

2024 · €21k

2018: €5k 2019: €-4k 2020: €22k 2021: €75k 2022: €-90k 2023: €-72k 2024: €21k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€75k-€36k▼ 52.1%€66k▲ 83.3%€84k▲ 28.9%€203k▲ 140%

Operating result€70k-€-33k€42k€39k▼ 7.5%€184k▲ 375%

Net result€45k-€-39k€30k€19k▼ 36.5%€118k▲ 526%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 375% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €951k

61.4%

38.6%

Fixed assets €584k▼ 0.6%

Current assets €367k▲ 1.9%

Equity and liabilities €951k

21.3%

78.7%

Equity €203k▲ 140%

Debt €748k▼ 13.4%

The debt ratio falls from 91.1% to 78.7%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€211k▲

2024 · €61k

Cash flow

€146k▲

2024 · €41k

Solvency

21.3%▲

2024 · 8.9%

Current ratio

1.01▼

2024 · 1.06

Quick ratio

0.64▲

2024 · 0.21

Debt / equity

3.69▼

2024 · 10.22

ROE

58.3%▲

2024 · 22.4%

ROA

12.4%▲

2024 · 2.0%

Interest coverage

22.82▲

2024 · 5.46

Debt

€748k▼

2024 · €863k

Debt ≤ 1 year

€362k▲

2024 · €339k

Debt > 1 year

€386k▼

2024 · €524k

Income taxes

€56k▲

2024 · €9k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€948k€951k▲

Fixed assets21/28€587k€584k▼

Tangible fixed assets22/27€586k€582k▼

Land and buildings22€556k€560k▲

Plant, machinery and equipment23€1k€5k▲

Furniture and vehicles24€28k€18k▼

Financial fixed assets28€2k€2k=

Current assets29/58€360k€367k▲

Stocks and contracts in progress3€288k€136k▼

Stocks30/36€288k€136k▼

Amounts receivable within one year40/41€33k€93k▲

Trade receivables40€32k€64k▲

Other amounts receivable41€1k€29k▲

Cash at bank and in hand54/58€34k€132k▲

Deferred charges and accrued income490/1€4k€6k▲

Equity and liabilities

Total equity and liabilities10/49€948k€951k▲

Equity10/15€84k€203k▲

Contributions10/11€19k€19k=

Reserves13€66k€184k▲

Non-distributable reserves130/1€645€645=

Reserves not available under the articles1311€645€645=

Distributable reserves133€65k€184k▲

Profit (loss) carried forward14€0-

Amounts payable17/49€863k€748k▼

Amounts payable after more than one year17€524k€386k▼

Financial debts170/4€524k€386k▼

Amounts payable within one year42/48€339k€362k▲

Current portion of amounts payable after more than one year42€22k€22k▲

Financial debts43€493€75k▲

Credit institutions430/8€493€75k▲

Trade debts44€64k€23k▼

Suppliers440/4€64k€23k▼

Advances received on contracts in progress46€74k€37k▼

Taxes, remuneration and social security45€21k€39k▲

Taxes450/3€18k€36k▲

Remuneration and social security454/9€3k€4k▲

Other amounts payable47/48€159k€166k▲

Income statement Code20242025

Non-recurring operating income76A€23k€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€28k▲

Other operating charges640/8€8k€6k▼

Gross operating margin9900€70k€218k▲

Operating profit (loss)9901€39k€184k▲

Financial income75/76B€2€1▼

Recurring financial income75€2€1▼

Financial charges65/66B€11k€9k▼

Recurring financial charges65€11k€9k▼

Profit (loss) for the period before taxes9903€27k€174k▲

Income taxes67/77€9k€56k▲

Profit (loss) for the period9904€19k€118k▲

Profit (loss) for the period to be appropriated9905€19k€118k▲

Appropriation of the result

Profit (loss) to be appropriated9906€15k€118k▲

Profit (loss) brought forward from the previous period14P€-4k€0▲

Transfer to equity691/2€15k€118k▲

To other reserves6921€15k€118k▲

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Highest result since 2018net €118k ▲526%

Operating result €184k, net result €118k, both a record.

31-12

Financial Equity above €200kEq €203k ▲140%

3 profitable years in a row build equity to €203k.

25-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

22-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €30k

Net result €30k after one loss-making year.

25-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-39k ▼186%

Net result drops to €-39k, the lowest in the series; recovery starts the following year.

20-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

05-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

02-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

10-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

02-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 2 days late

2017

09-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 9 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 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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