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Opzigt

Active
Private limited companyfounded 2002active for 24 yearsDikkebusseweg 54, 8900 Ieper, BelgiumKBO/BCE: BE 0477.964.332
Summary

The computed 12-month bankruptcy probability of Opzigt is 1.7% (moderate). The 2025 annual accounts show negative equity (-€80,195) and a net result of -€33,762. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1,113 sector peers (NACE 18, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
-€80,195▼ 72.7%
2024 · -€46,433
Total assets
€672,246▲ 12.3%
2024 · €598,630
Net result
-€33,762▼ 87.9%
2024 · -€17,966
Working capital
-€3,247▲ 62.0%
2024 · -€8,536
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result stays negative: a loss of €29,980 in 2025 against €24,282 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€29,980 2025 Net result-€33,762 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 18, Printing and reproduction of recorded media: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€36,633-€225€2,953▲ 1,213%-€935-€23,494▼ 2,412%-€24,282▼ 3.4%-€29,980▼ 23.5%
Net result-€40,860--€3,678within the sector's middle half▲ 91.0%-€609within the sector's middle half▲ 83.4%-€4,842below the sector's middle half▼ 694%-€27,843below the sector's middle half▼ 475%-€17,966below the sector's middle half▲ 35.5%-€33,762below the sector's middle half▼ 87.9%
Equity€8,506-€4,828below the sector's middle half▼ 43.2%€4,218below the sector's middle half▼ 12.6%-€624below the sector's middle half-€28,466below the sector's middle half▼ 4,465%-€46,433below the sector's middle half▼ 63.1%-€80,195below the sector's middle half▼ 72.7%
Total assets€644,094-€625,222above the sector's middle half▼ 2.9%€614,167above the sector's middle half▼ 1.8%€641,561above the sector's middle half▲ 4.5%€592,540above the sector's middle half▼ 7.6%€598,630above the sector's middle half▲ 1.0%€672,246above the sector's middle half▲ 12.3%
Debt€635,588-€620,394▼ 2.4%€609,948▼ 1.7%€642,185▲ 5.3%€621,006▼ 3.3%€645,063▲ 3.9%€752,442▲ 16.6%
Working capital€2,830-€14,147within the sector's middle half▲ 400%€11,102within the sector's middle half▼ 21.5%€2,305within the sector's middle half▼ 79.2%-€13,257below the sector's middle half-€8,536below the sector's middle half▲ 35.6%-€3,247within the sector's middle half▲ 62.0%
Solvency1.3%-0.8%below the sector's middle half▼ 0.5pp0.7%below the sector's middle half▼ 0.1pp-0.1%below the sector's middle half▼ 0.8pp-4.8%below the sector's middle half▼ 4.7pp-7.8%below the sector's middle half▼ 3.0pp-11.9%below the sector's middle half▼ 4.2pp
Current ratio1.09-1.41within the sector's middle half▲ 0.321.32within the sector's middle half▼ 0.091.05within the sector's middle half▼ 0.270.71below the sector's middle half▼ 0.350.82below the sector's middle half▲ 0.110.94below the sector's middle half▲ 0.12
Return on assets (ROA)-6.3%--0.6%within the sector's middle half▲ 5.8pp-0.1%within the sector's middle half▲ 0.5pp-0.8%within the sector's middle half▼ 0.7pp-4.7%below the sector's middle half▼ 3.9pp-3.0%below the sector's middle half▲ 1.7pp-5.0%below the sector's middle half▼ 2.0pp
above within below the middle half of NACE 18, Printing and reproduction of recorded media: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €672,246
Fixed assets €624,262 ▲ 11.5%
Current assets €47,985 ▲ 23.1%
Equity and liabilities
Equity-€80,195
Debt€752,442
Equity is negative: debt (€752,442) exceeds the balance-sheet total (€672,246).
Key figures and ratios
2025 value · change against 2024
EBITDA
€14,186▼
2024 · €18,659
Cash flow
€10,404▼
2024 · €24,975
Quick ratio
0.45▲
2024 · 0.36
Interest coverage
3.72▲
2024 · 3.65
Debt ≤ 1 year
€51,232▲
2024 · €47,522
Debt > 1 year
€701,210▲
2024 · €597,541
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 92.8% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
4.0% stopped otherwise
92.8% still going

A further 1.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,242 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€598,630€672,246▲
Fixed assets21/28€559,645€624,262▲
Intangible fixed assets21€99-
Tangible fixed assets22/27€559,523€624,239▲
Land and buildings22€308,154€295,891▼
Plant, machinery and equipment23€241,918€324,462▲
Furniture and vehicles24€9,451€3,886▼
Financial fixed assets28€23€23=
Current assets29/58€38,985€47,985▲
Stocks and contracts in progress3€21,940€24,788▲
Stocks30/36€21,940€24,788▲
Amounts receivable within one year40/41€14,425€20,124▲
Trade receivables40€14,425€6,594▼
Other amounts receivable41-€13,530
Cash at bank and in hand54/58€1,000€1,020▲
Deferred charges and accrued income490/1€1,620€2,052▲
Equity and liabilities
Total equity and liabilities10/49€598,630€672,246▲
Equity10/15-€46,433-€80,195▼
Contributions10/11€280,000€280,000=
Reserves13€16,000€16,000=
Tax-exempt reserves132€6,630€6,630=
Distributable reserves133€9,370€9,370=
Profit (loss) carried forward14-€342,433-€376,195▼
Amounts payable17/49€645,063€752,442▲
Amounts payable after more than one year17€597,541€701,210▲
Financial debts170/4€88,164€55,590▼
Other amounts payable178/9€509,378€645,620▲
Amounts payable within one year42/48€47,522€51,232▲
Current portion of amounts payable after more than one year42€33,781€32,574▼
Financial debts43€2,246€9,133▲
Other loans439€2,246€9,133▲
Trade debts44€7,300€9,144▲
Suppliers440/4€7,300€9,144▲
Taxes, remuneration and social security45€4,195€381▼
Taxes450/3€3,814-
Remuneration and social security454/9€381€381=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42,942€44,166▲
Other operating charges640/8€3,020€3,152▲
Gross operating margin9900€21,679€17,338▼
Operating profit (loss)9901-€24,282-€29,980▼
Financial income75/76B€11,429€29▼
Recurring financial income75€1,529€29▼
Non-recurring financial income76B€9,900-
Financial charges65/66B€5,113€3,811▼
Recurring financial charges65€5,113€3,811▼
Profit (loss) for the period before taxes9903-€17,966-€33,762▼
Profit (loss) for the period9904-€17,966-€33,762▼
Profit (loss) for the period to be appropriated9905-€17,966-€33,762▼
Appropriation of the result
Profit (loss) to be appropriated9906-€342,433-€376,195▼
Profit (loss) brought forward from the previous period14P-€324,466-€342,433▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,738€45,677€39,340€36,964€41,476€42,942€44,166▲ 2.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€539----
Other operating charges640/8---€3,160€2,708€3,020€3,152▲ 4.4%
Gross operating margin9900€13,405€48,987€45,068€38,650€20,691€21,679€17,338▼ 20.0%
Operating profit (loss)9901-€36,633€225€2,953-€935-€23,494-€24,282-€29,980▼ 23.5%
Financial income75/76B-----€11,429€29▼ 99.7%
Recurring financial income75--€29--€1,529€29▼ 98.1%
Non-recurring financial income76B-----€9,900--
Financial charges65/66B---€3,907€4,349€5,113€3,811▼ 25.5%
Recurring financial charges65€4,228€3,903€3,592€3,907€4,349€5,113€3,811▼ 25.5%
Profit (loss) for the period before taxes9903-€40,860-€3,678-€609-€4,842-€27,843-€17,966-€33,762▼ 87.9%
Profit (loss) for the period9904-€40,860-€3,678-€609-€4,842-€27,843-€17,966-€33,762▼ 87.9%
Profit (loss) for the period to be appropriated9905-€40,860-€3,678-€609-€4,842-€27,843-€17,966-€33,762▼ 87.9%
Line2019202020212022202320242025Change
Assets
Total assets20/58€644,094€625,222€614,167€641,561€592,540€598,630€672,246▲ 12.3%
Fixed assets21/28€609,935€576,566€568,355€596,887€560,750€559,645€624,262▲ 11.5%
Intangible fixed assets21€2,462€1,764€1,171€577€338€99--
Tangible fixed assets22/27€607,458€574,779€567,162€596,286€560,389€559,523€624,239▲ 11.6%
Land and buildings22---€303,053€286,069€308,154€295,891▼ 4.0%
Plant, machinery and equipment23---€273,304€258,687€241,918€324,462▲ 34.1%
Furniture and vehicles24---€19,930€15,634€9,451€3,886▼ 58.9%
Financial fixed assets28€15€23€23€23€23€23€23=
Current assets29/58€34,158€48,656€45,811€44,674€31,790€38,985€47,985▲ 23.1%
Stocks and contracts in progress3€21,474€21,278€25,106€21,282€21,696€21,940€24,788▲ 13.0%
Stocks30/36---€21,282€21,696€21,940€24,788▲ 13.0%
Amounts receivable within one year40/41€10,269€23,374€12,050€13,700€8,241€14,425€20,124▲ 39.5%
Trade receivables40---€13,700€8,241€14,425€6,594▼ 54.3%
Other amounts receivable41------€13,530-
Cash at bank and in hand54/58€1,070€2,295€6,512€7,424-€1,000€1,020▲ 2.0%
Deferred charges and accrued income490/1---€2,269€1,852€1,620€2,052▲ 26.6%
Equity and liabilities
Total equity and liabilities10/49€644,094€625,222€614,167€641,561€592,540€598,630€672,246▲ 12.3%
Equity10/15€8,506€4,828€4,218-€624-€28,466-€46,433-€80,195▼ 72.7%
Contributions10/11€280,000€280,000-€280,000€280,000€280,000€280,000=
Reserves13€16,000€16,000€16,000€16,000€16,000€16,000€16,000=
Non-distributable reserves130/1---€8,000€8,000---
Reserves not available under the articles1311---€8,000€8,000---
Tax-exempt reserves132---€6,630€6,630€6,630€6,630=
Distributable reserves133---€1,370€1,370€9,370€9,370=
Profit (loss) carried forward14-€287,494-€291,172-€291,782-€296,624-€324,466-€342,433-€376,195▼ 9.9%
Amounts payable17/49€635,588€620,394€609,948€642,185€621,006€645,063€752,442▲ 16.6%
Amounts payable after more than one year17€604,260€585,885€575,239€599,815€575,959€597,541€701,210▲ 17.3%
Financial debts170/4---€156,623€121,944€88,164€55,590▼ 36.9%
Other amounts payable178/9---€443,192€454,015€509,378€645,620▲ 26.7%
Amounts payable within one year42/48€31,329€34,509€34,709€42,370€45,047€47,522€51,232▲ 7.8%
Current portion of amounts payable after more than one year42---€33,452€34,679€33,781€32,574▼ 3.6%
Financial debts43----€1,623€2,246€9,133▲ 307%
Other loans439----€1,623€2,246€9,133▲ 307%
Trade debts44€3,993€4,361€4,781€3,399€4,841€7,300€9,144▲ 25.3%
Suppliers440/4---€3,399€4,841€7,300€9,144▲ 25.3%
Taxes, remuneration and social security45---€5,519€3,905€4,195€381▼ 90.9%
Taxes450/3---€5,519€3,524€3,814--
Remuneration and social security454/9----€381€381€381=
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€40,860-€3,678-€609-€4,842-€27,843-€17,966-€33,762▼ 87.9%
+ Depreciation and write-downs630€46,738€45,677€39,340€36,964€41,476€42,942€44,166▲ 2.9%
Operating cash flow (approximation)€5,878€41,999€38,731€32,122€13,633€24,975€10,404▼ 58.3%
Investment in fixed assets (approximation)--€12,307-€31,130-€65,496-€5,340-€41,837-€108,783▼ 160%
Change in cash-€1,225€4,217€912--€20-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 22 filings with the National Bank
Financial year Type Filed Reference
31-03-2025 micro format 28-10-2025 2025-00551358
31-03-2024 micro format 05-10-2024 2024-00497171
31-03-2023 micro format 31-10-2023 2023-00503676
31-03-2022 micro format 14-10-2022 2022-20460690
31-03-2021 micro format 28-10-2021 2021-73900587
31-03-2020 micro format 20-10-2020 2020-62300576
31-03-2019 micro format 30-10-2019 2019-72200576
31-03-2018 micro format 12-11-2018 2018-72000412
31-03-2017 micro format 29-09-2017 2017-65300254
31-03-2016 abbreviated format 29-09-2016 2016-63200320

Show all 22 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,581 active companies whose main activity is other printing (NACE 18120), figures are known for 805. See the whole sector

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €531 awarded · €531 paid
Year Entries AwardedPaid
2025 1 €0€531
2024 1 €531€0
Schemes
2 entries · €531 · €531 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.