Equity
€168,507 ▲ 15.4%
ORAE has made a profit without a break since 2013.
ORAE
Lifetime
15 annual accounts with figures on one time axispeak €107,536 (2025)
€107,536▲ 24.8%
lowest -€12,863 (2012)
€22,535▲ 6.7%
peak €168,507 (2025)
€168,507▲ 15.4%
€240,932▼ 1.8%
Board2 names since 2021
1 directorMORAIS Miguel
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Gross margin from €86,160 to €107,536Equity from €145,972 to €168,507
Key points
from the 2025 annual accountsInvestments
€66,811 1.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 14.6% higher than in 2024.
Filings
15 annual accounts since 2011
Four of the last ten came late. The 2024 accounts came latest: 26 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 64% of micro companies in accommodation (NACE 55)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.3 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.27, cash €22,737
lowers risk
Founded in 2011
Size: total assets €409,438
Figures for financial year 2025 (filed on 03-07-2026)
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 55, micro). It does better than 64% of them on solvency, 48% on liquidity, 72% on profitability and 72% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as ORAE has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ORAE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for ORAE. 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.
Credit verdict
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.27 (0.36 in 2024), below 1. Short-term debt is 25.1% and cash 5.6% of total assets. 58.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
26 days late
2023
30 days early
2022
23 days late
2021
23 days late
2020
30 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (4 of the last 5 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834184459
1 director resigning, 1 reappointment
Resignation: Morais · Reappointment: Morais (director) · Permanent representative: Morais · Gazette deed
Incorporation
published on 14-03-2011 · Gazette deed
First establishment
SPRL ORAE, Rue d'En Haut,Membre 40, Vresse-sur-Semois
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ORAE Vresse-sur-Semois | €409,438 | €107,536 | 41.2% | - |
| Camping La Douane Vresse-sur-Semois | €479,759 | €62,720 | 26.1% | - |
| CAMPING CALYPSO Ostend | €389,766 | €66,175 | 83.0% | - |
| TRO DO WAY Bastogne | €460,266 | €59,413 | 20.1% | - |
| CAMPING BLEKKERDAL Koksijde | €434,211 | €139,474 | 26.1% | - |
| Eva Bredene | €270,733 | €148,536 | 36.2% | - |
| SUFI Vorselaar | €336,032 | €138,521 | 52.9% | - |
These companies have the same main activity as ORAE: accommodation (NACE 55300). They are comparable in size and age: total assets between €271,000 and €480,000, founded between 2008 and 2015.
Official details
Source: KBO- Status
- Active since 24-02-2011Normal situation
- Activity
- AccommodationNACE 55300
- Establishment unit
- 2.196.999.8175550 Vresse-sur-Semois, since 24-02-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- ≈ €270,000estimated
- €409,438▲ 4.6%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on ORAE
ORAE files the micro format. That format states no turnover. The gross margin rose from €10,678 in 2011 to €107,536 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ORAE
- What is the company number of ORAE?
- The company number of ORAE is 0834.184.459. The VAT number is the same number with BE in front: BE 0834.184.459.
- Where is ORAE based?
- The registered office is at Rue d'En Haut,Membre 40, 5550 Vresse-sur-Semois.Company details
- What does ORAE do?
- According to the KBO register, the main activity is accommodation (NACE 55300).
- What is the legal form of ORAE?
- ORAE is a private limited company (BV).
- When was ORAE founded?
- ORAE was founded on 24-02-2011.
- Is ORAE still active?
- Yes, ORAE is an active enterprise in the KBO register.
- How many employees does ORAE have?
- ORAE had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ORAE?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €107,536 and 2,203 comparable companies of the same size. It probably lies between €180,000 and €420,000. It is a rough estimate.
- Is ORAE profitable?
- In financial year 2025, ORAE made a profit of €22,535.
- Where can I find the annual accounts of ORAE?
- ORAE filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ORAE due?
- ORAE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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