OR
ActiveSummary
OR has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €33,064 and a net result of €56,165. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 9% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+6
Solvency33▼-5
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.6 against 0.76 in 2023; short-term debt: 25% and cash: 6.8% of total assets), and 92% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8%
Return on assets
13.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 15369 sector peers (2024).
NBB · sector comparisonPosition among 15369 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
58 d early
2022
32 d early
2021
33 d early
2020
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€33,064▼ 36.3%
2023 · €51,898
Total assets
€411,144▼ 0.2%
2023 · €412,152
Net result
€56,165▲ 54.3%
2023 · €36,395
Working capital
-€41,073▼ 154%
2023 · -€16,173
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€48,812-€11,022▼ 77.4%€33,671▲ 205%€53,062▲ 57.6%€76,700▲ 44.5%
Net result€44,223-€3,599▼ 91.9%€20,631▲ 473%€36,395▲ 76.4%€56,165▲ 54.3%
Equity€44,873-€47,672▲ 6.2%€67,503▲ 41.6%€51,898▼ 23.1%€33,064▼ 36.3%
Total assets€298,033-€421,867▲ 41.6%€411,519▼ 2.5%€412,152▲ 0.2%€411,144▼ 0.2%
Debt€253,160-€374,195▲ 47.8%€344,016▼ 8.1%€360,254▲ 4.7%€378,080▲ 4.9%
Working capital-€1,279--€20,611▼ 1,511%€2,815-€16,173-€41,073▼ 154%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 45% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €411,144
Fixed assets
€349,382 ▼ 2.9%
Current assets
€61,762 ▲ 17.7%
Equity and liabilities €411,144
Equity
€33,064 ▼ 36.3%
Debt
€378,080 ▲ 4.9%
Debt's share of the balance-sheet total rises from 87.4% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€89,408▲
2023 · €70,510
Cash flow
€68,873▲
2023 · €53,843
Current ratio
0.60▼
2023 · 0.76
Debt to equity
11.43▲
2023 · 6.94
ROE
169.9%▲
2023 · 70.1%
ROA
13.7%▲
2023 · 8.8%
Interest coverage
19.31▲
2023 · 14.41
Debt ≤ 1 year
€102,835▲
2023 · €68,630
Debt > 1 year
€275,245▼
2023 · €291,512
Income taxes
€16,225▲
2023 · €11,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,914 | €36,296 | €21,864 | €17,448 | €12,708 | ▼ 27.2% |
| Other operating charges640/8 | - | €881 | €1,860 | €1,987 | €2,134 | ▲ 7.4% |
| Gross operating margin9900 | €79,300 | €48,199 | €57,396 | €72,497 | €91,542 | ▲ 26.3% |
| Operating profit (loss)9901 | €48,812 | €11,022 | €33,671 | €53,062 | €76,700 | ▲ 44.5% |
| Financial income75/76B | - | €0 | €0 | - | €321 | - |
| Recurring financial income75 | €0 | €0 | €0 | - | €321 | - |
| Financial charges65/66B | - | €4,455 | €5,231 | €4,894 | €4,631 | ▼ 5.4% |
| Recurring financial charges65 | €1,157 | €4,455 | €5,231 | €4,894 | €4,631 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €47,655 | €6,566 | €28,440 | €48,169 | €72,391 | ▲ 50.3% |
| Income taxes67/77 | €3,432 | €2,967 | €7,809 | €11,774 | €16,225 | ▲ 37.8% |
| Profit (loss) for the period9904 | €44,223 | €3,599 | €20,631 | €36,395 | €56,165 | ▲ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €44,223 | €3,599 | €20,631 | €36,395 | €56,165 | ▲ 54.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €298,033 | €421,867 | €411,519 | €412,152 | €411,144 | ▼ 0.2% |
| Fixed assets21/28 | €252,914 | €391,607 | €372,337 | €359,695 | €349,382 | ▼ 2.9% |
| Tangible fixed assets22/27 | €252,714 | €391,407 | €372,237 | €359,595 | €349,282 | ▼ 2.9% |
| Land and buildings22 | - | €368,278 | €360,239 | €352,199 | €344,160 | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €2,964 | €3,031 | €5,429 | €4,406 | ▼ 18.8% |
| Furniture and vehicles24 | - | €20,165 | €8,967 | €1,967 | €717 | ▼ 63.6% |
| Financial fixed assets28 | €200 | €200 | €100 | €100 | €100 | = |
| Current assets29/58 | €45,119 | €30,260 | €39,182 | €52,458 | €61,762 | ▲ 17.7% |
| Amounts receivable within one year40/41 | €39,130 | €19,389 | €22,995 | €20,657 | €31,429 | ▲ 52.1% |
| Trade receivables40 | - | €19,251 | €22,995 | €20,657 | €19,029 | ▼ 7.9% |
| Other amounts receivable41 | - | €138 | - | - | €12,400 | - |
| Cash at bank and in hand54/58 | €4,533 | €9,117 | €13,585 | €29,075 | €27,969 | ▼ 3.8% |
| Deferred charges and accrued income490/1 | - | €1,755 | €2,603 | €2,725 | €2,364 | ▼ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €298,033 | €421,867 | €411,519 | €412,152 | €411,144 | ▼ 0.2% |
| Equity10/15 | €44,873 | €47,672 | €67,503 | €51,898 | €33,064 | ▼ 36.3% |
| Contributions10/11 | - | €1,450 | €1,450 | €1,450 | €1,450 | = |
| Outside capital11 | - | €1,450 | - | - | - | - |
| Other1109/19 | - | €1,450 | - | - | - | - |
| Reserves13 | €43,423 | €46,222 | €66,053 | €50,448 | €31,614 | ▼ 37.3% |
| Distributable reserves133 | - | €46,222 | €66,053 | €50,448 | €31,614 | ▼ 37.3% |
| Amounts payable17/49 | €253,160 | €374,195 | €344,016 | €360,254 | €378,080 | ▲ 4.9% |
| Amounts payable after more than one year17 | €206,762 | €323,324 | €307,537 | €291,512 | €275,245 | ▼ 5.6% |
| Financial debts170/4 | - | €323,324 | €307,537 | €291,512 | €275,245 | ▼ 5.6% |
| Amounts payable within one year42/48 | €46,398 | €50,871 | €36,367 | €68,630 | €102,835 | ▲ 49.8% |
| Current portion of amounts payable after more than one year42 | - | €15,553 | €15,787 | €16,025 | €16,266 | ▲ 1.5% |
| Financial debts43 | - | €4,163 | - | - | - | - |
| Other loans439 | - | €4,163 | - | - | - | - |
| Trade debts44 | €1,670 | €159 | €74 | €140 | €1,230 | ▲ 776% |
| Suppliers440/4 | - | €159 | €74 | €140 | €1,230 | ▲ 776% |
| Taxes, remuneration and social security45 | - | €16,870 | €19,820 | €20,419 | €21,589 | ▲ 5.7% |
| Taxes450/3 | - | €16,870 | €19,820 | €20,419 | €21,589 | ▲ 5.7% |
| Other amounts payable47/48 | - | €14,127 | €686 | €32,046 | €63,750 | ▲ 98.9% |
| Accrued charges and deferred income492/3 | - | - | €112 | €112 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,223 | €3,599 | €20,631 | €36,395 | €56,165 | ▲ 54.3% |
| + Depreciation and write-downs630 | €27,914 | €36,296 | €21,864 | €17,448 | €12,708 | ▼ 27.2% |
| Operating cash flow (approximation) | €72,137 | €39,896 | €42,496 | €53,843 | €68,873 | ▲ 27.9% |
| Investment in fixed assets (approximation) | - | -€174,989 | -€2,595 | -€4,805 | -€2,395 | ▲ 50.2% |
| Change in cash | - | €4,584 | €4,467 | €15,491 | -€1,106 | ▼ 107% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €56,165 ▲54.3%
Operating result €76,700, net result €56,165, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €3,599 ▼91.9%
Net result drops to €3,599, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2019
Ground area
6,657 m²
Building footprint
2,887 m²
Volume, LiDAR
26,886 m³
Parcel 21814P0244/00V000, Brussels · tallest building 31.7 m. Linked by address, not a title deed.
29
companies at this address
See who is registered here
1 establishment unit
OR
since 20192.292.385.657
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0244/00V000 | Brussels | 6,657 m² | 1 · 2,887 m² | 31.7 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,771 companies in sector 69109 we hold annual accounts for 1,208. 877 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0731791358
Also
9925:BE0731791358
Registered
03-10-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.