OR-BE
ActiveSummary
OR-BE has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,403 and a net result of €11,850. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-11-2008 Normal situation
- Activity
- Bricklaying and masonry work NACE 43910and 1 other
- Establishment unit
- 2.174.806.910 3730 Bilzen-Hoeselt, since 19-11-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €35,390
- ▲ 141%
- Turnover
- ≈ €310,000
- estimated
- Profit
- €11,850
- ▲ 32×
- Equity
- €20,403
- ▲ 139%
- Total assets
- €292,210
- ▲ 40.6%
- Staff
- ≈ 0.1 FTE
- estimated
- 2025 accounts filed 70 days after the deadline
Score breakdownraises riskLast filed accounts filed 70 days late; 1 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)lowers riskFounded in 2008Size: total assets €292,210Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 43, micro). It does better than 12% of them on solvency, 3% on liquidity, 46% on profitability and 94% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 70 days after the deadline Filed on 9 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00552382.
Annual accounts 2025 filed on 09-10-2026 at the NBB all 17 filings
Every figure per financial year
The operating result for 2025 is 4.4 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €146 | €52,166 | - | - | €12,130 |
| Depreciation and write-downs of the year | €7,700 | €9,750 | €9,945 | €9,945 | €10,051 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €22,561 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €80,109 | €4,061 | - | €4,379 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,209 | - | €7,700 | €7,700 | €9,750 | €9,945 | €9,945 | €10,051 | ▲ 1.1% |
| Other operating charges640/8 | - | - | - | €1,478 | €843 | €536 | €450 | €1,965 | ▲ 336% |
| Non-recurring operating charges66A | - | - | - | - | - | €3,330 | - | - | - |
| Gross operating margin9900 | €1,533 | €2,586 | €16,875 | -€1,750 | €98,625 | €24,643 | €14,693 | €35,390 | ▲ 141% |
| Operating profit (loss)9901 | -€4,965 | -€6,245 | €8,192 | -€10,929 | €7,924 | €6,771 | €4,297 | €18,995 | ▲ 342% |
| Financial income75/76B | - | - | - | €718 | €105 | €202 | €2,724 | €593 | ▼ 78.2% |
| Recurring financial income75 | €0 | - | - | €718 | €105 | €202 | €2,724 | €593 | ▼ 78.2% |
| Financial charges65/66B | - | - | - | €2,519 | €3,024 | €5,902 | €5,191 | €3,012 | ▼ 42.0% |
| Recurring financial charges65 | €1,163 | €1,072 | €2,883 | €2,519 | €3,024 | €5,902 | €5,191 | €3,012 | ▼ 42.0% |
| Profit (loss) for the period before taxes9903 | -€6,128 | -€7,317 | €5,309 | -€12,730 | €5,005 | €1,070 | €1,830 | €16,576 | ▲ 806% |
| Income taxes67/77 | - | - | - | - | - | €848 | €1,461 | €4,725 | ▲ 223% |
| Profit (loss) for the period9904 | -€6,128 | -€7,317 | €5,309 | -€12,730 | €5,005 | €223 | €369 | €11,850 | ▲ 32× |
| Profit (loss) for the period to be appropriated9905 | -€6,128 | -€7,317 | €5,309 | -€12,730 | €5,005 | €223 | €369 | €11,850 | ▲ 32× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €48,627 | €29,063 | €48,590 | €41,790 | €543,748 | €388,080 | €207,847 | €292,210 | ▲ 40.6% |
| Fixed assets21/28 | €16,628 | - | €27,450 | €19,749 | €62,166 | €38,951 | €29,006 | €31,085 | ▲ 7.2% |
| Tangible fixed assets22/27 | €16,628 | - | €24,120 | €16,419 | €58,836 | €38,951 | €29,006 | €31,085 | ▲ 7.2% |
| Plant, machinery and equipment23 | - | - | - | €16,419 | €8,719 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €50,117 | €38,951 | €29,006 | €31,085 | ▲ 7.2% |
| Financial fixed assets28 | - | - | €3,330 | €3,330 | €3,330 | - | - | - | - |
| Current assets29/58 | €31,998 | €29,063 | €21,140 | €22,041 | €481,582 | €349,129 | €178,841 | €261,125 | ▲ 46.0% |
| Amounts receivable within one year40/41 | €31,998 | €29,063 | €15,712 | €18,639 | €455,817 | €226,679 | €165,805 | €257,187 | ▲ 55.1% |
| Trade receivables40 | - | - | - | €2,499 | €388,000 | €178,612 | €143,634 | €211,071 | ▲ 47.0% |
| Other amounts receivable41 | - | - | - | €16,140 | €67,817 | €48,067 | €22,171 | €46,116 | ▲ 108% |
| Cash at bank and in hand54/58 | - | - | €5,429 | €3,403 | €25,765 | €122,450 | €13,036 | €3,938 | ▼ 69.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €48,627 | €29,063 | €48,590 | €41,790 | €543,748 | €388,080 | €207,847 | €292,210 | ▲ 40.6% |
| Equity10/15 | €17,693 | €10,376 | €15,685 | €2,956 | €7,960 | €8,183 | €8,553 | €20,403 | ▲ 139% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€4,307 | -€11,624 | -€6,315 | -€19,044 | -€14,040 | -€13,817 | -€13,447 | -€1,597 | ▲ 88.1% |
| Amounts payable17/49 | €30,933 | €18,687 | €32,905 | €38,835 | €535,788 | €379,897 | €199,295 | €271,807 | ▲ 36.4% |
| Amounts payable after more than one year17 | €6,781 | €6,781 | €3,156 | - | - | €16,876 | €1,324 | - | - |
| Financial debts170/4 | - | - | - | - | - | €16,876 | €1,324 | - | - |
| Amounts payable within one year42/48 | €24,152 | €11,905 | €29,748 | €38,835 | €535,788 | €363,021 | €197,970 | €271,807 | ▲ 37.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €14,942 | €15,552 | €1,324 | ▼ 91.5% |
| Financial debts43 | - | - | - | €35,000 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €35,000 | - | - | - | - | - |
| Trade debts44 | - | - | - | - | €408,768 | €342,137 | €177,073 | €258,770 | ▲ 46.1% |
| Suppliers440/4 | - | - | - | - | €408,768 | €342,137 | €177,073 | €258,770 | ▲ 46.1% |
| Taxes, remuneration and social security45 | - | - | - | €3,361 | €6,511 | €907 | €1,521 | €6,713 | ▲ 341% |
| Taxes450/3 | - | - | - | €3,361 | €3,144 | €907 | €1,521 | €6,246 | ▲ 311% |
| Remuneration and social security454/9 | - | - | - | - | €3,367 | - | - | €467 | - |
| Other amounts payable47/48 | - | - | - | €474 | €120,509 | €5,035 | €3,825 | €5,000 | ▲ 30.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,128 | -€7,317 | €5,309 | -€12,730 | €5,005 | €223 | €369 | €11,850 | ▲ 32× |
| + Depreciation and write-downs630 | €6,209 | - | €7,700 | €7,700 | €9,750 | €9,945 | €9,945 | €10,051 | ▲ 1.1% |
| Operating cash flow (approximation) | €81 | -€7,317 | €13,010 | -€5,029 | €14,755 | €10,168 | €10,314 | €21,902 | ▲ 112% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€52,166 | €13,269 | €0 | -€12,130 | - |
| Change in cash | - | - | - | -€2,026 | €22,363 | €96,685 | -€109,414 | -€9,097 | ▲ 91.7% |
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, 1,375 companies had the same profile as OR-BE has now. Two years later, 95.9% were still going and 2.2% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OR-BE itself: 1.2% 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 1,375 companies, not a prediction for OR-BE. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-10-2026 | 2026-00552382 | |
| 31-12-2024 | abbreviated format | 23-06-2025 | 2025-00171871 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00195671 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00218514 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20092266 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-25300496 | |
| 31-12-2019 | micro format | 06-07-2020 | 2020-27000015 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-26500039 | |
| 31-12-2017 | micro format | 12-09-2018 | 2018-62800598 | |
| 31-12-2016 | abbreviated format | 24-08-2017 | 2017-49300497 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2023 Converted to unavailable equity · €22,000
Network & group
OR-BE shares no director with another company.
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of OR-BE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Resignation: ORUÇ Gürkan (director)Appointment: ORUÇ Gürkan (director) · Permanent representative: ORUÇ Gürkan · Amendment of the articles12 points ▸
- General meeting, 12-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “overeenkomstig vormen en meerderheden van statutenwijziging, aangelegde statutair onbeschikbare eigen vermogensrekening opheffen en middelen beschikbaar maken v…” (deed in Dutch)
- Other provision, “vrijstelling voorlezing en kennisname bijzonder verslag voorwerpwijziging, tegelijk met uitgifte neerleggen op griffie van Ondernemingsrechtbank” (deed in Dutch)
- Purpose change
- Power of attorney, Annelies Op’t eynde
- Director resignation, ORUÇ Gürkan (director)
- Director appointment, ORUÇ Gürkan (director)
- Director discharge, ORUÇ Gürkan
- Permanent representative, ORUÇ Gürkan
- Registered office clause, “3730 Hoeselt,Tongersesteenweg 45/1, Zevende besluit” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
92 activities
- Reparatie van elektrische apparatuur
- Installatie van industriële machines,toestellen en werktuigen
- Onderneming voor de installatie van hulpvoedingssystemen(generatoraggregaten)
- Ontwikkeling van residentiële bouwprojecten
- Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken
- Projectontwikkeling voor de bouw van appartementsgebouwen
- Ontwikkeling van nietresidentiële bouwprojecten
- Projectontwikkeling voor kantoorbouw
- Projectontwikkeling voor de bouw of de aanleg van: commerciële,en industriële centra,hotels,industriezones en markten,jachthavens,wintersprotcentra enzovoort
- Projectontwikkeling voor de aanleg of renovatie van stadswijken
- Algemene bouw van residentiële gebouwen
- Optrekken van de ruwbouw van individuele huizen
- Bouw van individuele huizen volgens de formule “sleutel op de deur”
- Optrekken van de ruwbouw van gebouwen met celstructuur(appartementsgebouwen,enzovoort)
- Bouw van appartementen volgens de formule “sleutel op de deur”
- Optrekken van de ruwbouw van gebouwen
- Algemene coördinatiewerken bouwwerf
- Algemene bouw van kantoorgebouwen
- Algemene bouw van andere nietresidentiële gebouwen
- Optrekken van de ruwbouw van gebouwen voor industrieel of commercieel gebruik,van stel en stapelplaatsen,scholen,ziekenhuizen van gebouwen voor de beoefening van erediensten,cultuur,enzovoort
- Montage van hangars,loodsen,schuren,silo’s enzovoort voor landbouwdoeleinden
- Bouw van civieltechnische werken voor vloeistoffen niet elders genoemd
- Aanleg van waterdistributienetten en riolering
- Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
- Aanleg van leidingen voor het vervoer en distributie van elektrische energie
- Bouw van andere civieltechnische werken,niet elders genoemd
- Bouw van speel en sportterreinen,zwembaden,enzovoort
- Slopen
- Slopen van gebouwen en andere bouwwerken
- Elektrotechnische installatiewerken aan gebouwen
- Onderneming voor de installatie van elektrische bedrading en toebehoren
- Onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal
- Elektrotechnische installatiewerken,uitgezonderd aan gebouwen
- Installatie van verlichtings en signaleringssystemen voor wegen en spoorwegen,in havens en luchthavens(inclusief de installatie van verkeersborden)
- Loodgieterswerk
- Installatie in gebouwen en anderen bouwwerken van: loodgieterswerk en sanitaire apparaten,gasleidingen en aansluitingen met uitzondering van gasleidingen voor verwarmingssystemen,waterleidingen,brandblusinstallaties enzovoort
- Installatie voor verwarming,klimaatregeling en ventilatie
- Installatie in gebouwen en andere bouwwerken van verwarmingssystemen op elektriciteit,gas of stookolieapparatuur,verwarmingsketels,apparaten en leiding voor ventilatie en klimaatregeling,enzovoort
- Installatie voor verwarming,klimaatregeling en ventilatie(zonder verwarming)
- Onderneming voor de installatie van elektrische verwarmingsinstallaties
- Overige bouwinstallatie,niet elders genoemd
- Installatie van lichtreclames en uithangborden
- Onderneming voor de installatie van liften en roltrappen
- Stukadoorwerk
- Aanbrengen van pleister en stukadoorswerk(inclusief het aanbrengen van een hechtgrond)aan de binnen- of buitenzijde van gebouwen en andere bouwwerken
- Schrijnwerk
- Montage van binnen en buitenschrijnwerk van hout of van kunststof: deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enzovoort
- Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enzovoort in hout of kunststof
- Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzovoort,in hout of kunststof
- Installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof
- Montage van serres,veranda’s,enzovoort,in hout of kunststof
- Montage van buiten en binnenschrijnwerk in metaal: duren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enzovoort
- Installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enzovoort,in metaal
- Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzovoort in metaal
- Installatie van geblindeerde deuren en brandwerende deuren in metaal
- Montage van serres,veranda’s enzovoort,in metaal
- Montage van buiten en binnenschrijnwerk in kunststof
- Installatie van binnendeuren,scheidingswanden enzovoort van glas
- Plaatsen van tussenwanden van gipsplaten
- Plaatsen van vloer en wandtegels
- Aanbrengen in gebouwen en andere bouwwerken van vloer of wandtegels van keramische stoffen,beton of gehouwen steen,vloerbedekking en wandbekleding van terrazzo manier,graniet of lei,enzovoort
- Plaatsen van vloerbedekking en wandbekleding van hout
- Plaatsen in gebouwen en andere bouwwerken van: parket en andere houten vloerbedekking,wandbekleding van hout
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
- Plaatsen van behang
- Schilderen van gebouwen
- Schilderen van het binnen en buitenwerk van gebouwen
- Schilderen van civieltechnische werken
- Schilderen van metalen constructies
- Glaszetten
- Aanbrengen van glas,spiegels,enzovoort
- Dakwerkzaamheden
- Bouwen van daken
- Plaatsten van dakbedekking van ongeacht welk materiaal
- Plaatsten van dakgoten en regenafvoerbuizen
- Waterdichtingswerken van muren
- Waterdicht maken van daken en dakterrassen
- Behandelen van muren met vochtwerkende en waterafstotende producten
- Bouwe van sierschouwen en open haarden
- Onderneming voor het bouwen van open haarden,stookplaatsen,sierschouwen,enzovoort
- Uitvoeren van metsel en voegwerken
- Onderneming voor het uitvoeren van metselwerk
- Restaureren van bouwwerken
- Chapewerken
- Overige gespecialiseerde bouwwerkzaamheden
- Onderneming voor het vlechten van ijzer en aanbrengen van bekisting
- Onderneming voor het bouwen van schoorstenen en industriële ovens
- Installatie van particuliere zwembaden
- Toezien op de bouwwerkzaamheden(ruwbouw,installatie,afwerken,enzovoort)
- Leiden van belangrijke herstellingswerkzaamheden aan gebouwen,zowel in België als in het buitenland voor eigen rekening of voor rekening van derden,of door deelname van dezen
- Import en export van goederen
- Uitbating van een horeca gelegenheid,in de meest ruime zin(taverne,brasserie,restaurant enzovoort)
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0808.006.040
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73032G0582/00K000 | Flanders | 549 m² | 1 · 263 m² | 12.3 m · 3 |