Skip to content

Orbay Groep

Active
Private limited company·Goederenvervoer over de weg· 7 yrs active
John Kennedylaan 30 ·9042 Gent, Belgium
Open bankruptcy
KBO/BCE: BE 0704.842.382
Watch Print / PDF
Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

Process with priority Sign in free to move this company to the front.
Age7 yrs
Staff (FTE)16.3
Real estate1 parcel · 2.6 ha

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for Orbay Groep according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €370k and a net result of €106k.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
01-07-2025
Bankruptcy Opening
Date: 24-06-2025 · Ondernemingsrechtbank Gent, afdeling Gent · ORBAY GROEP BV JOHN KENNEDYLAAN 30/E, 9042 SINT-KRUIS-WINKEL · Publications in State Gazette ↗

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 30-09-2024 61 d late 2024-00490640
31-12-2022 31-07-2023 08-05-2023 84 d early 2023-00082495
31-12-2021 31-07-2022 31-08-2022 31 d late 2022-20401251
31-12-2020 31-07-2021 04-06-2021 57 d early 2021-17300367
31-12-2019 31-07-2020 07-10-2020 68 d late 2020-60200274

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€2.10M
EBIT margin7.4%
Net result€106k+6.7%
Working capital€342k+37.5%
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · micro
€0€1.00M€2.00MOperating result 2019: €49k€49kNet result 2019: €37k€37kOperating result 2020: €89k€89kNet result 2020: €106k€106kOperating result 2021: €86k€86kNet result 2021: €45k€45kOperating result 2022: €143k€143kNet result 2022: €99k€99kRevenue 2023: €2.10M€2.10MOperating result 2023: €156k€156kNet result 2023: €106k€106k20192020202120222023
RevenueOperating resultNet result
Sector comparison
Fiscal year 2023 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 38.8% 28.5%
better than 61% of 1816 sector peers
Net result €106k €4k
better than 95% of 1794 sector peers
Equity €370k €16k
better than 95% of 1827 sector peers
Gross operating margin €922k €25k
better than 95% of 1782 sector peers
Staff costs €716k €35k
higher than 95% of 800 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P61
2020: P71 · n=4582021: P48 · n=7942022: P58 · n=13472023: P61 · n=18162020 2023
Stable position over 2020-2023 · n=458-1816
Net result P95
2020: P95 · n=4552021: P93 · n=7802022: P95 · n=13342023: P95 · n=17942020 2023
Stable position over 2020-2023 · n=455-1794
Equity P95
2020: P90 · n=4582021: P95 · n=7952022: P95 · n=13562023: P95 · n=18272020 2023
Stable position over 2020-2023 · n=458-1827
Gross operating margin P95
2020: P91 · n=4532021: P95 · n=7792022: P95 · n=13272023: P95 · n=17822020 2023
Stable position over 2020-2023 · n=453-1782
Describes the position versus peers, not a forecast.
Revenue
€2.10M
- 19-23
EBITDA
€173k
+7.7% 19-23
Net profit
€106k
+6.7% 19-23
Cash flow
€122k
+5.2% 19-23
Total assets
€952k
+29.7% 19-23
Equity
€370k
+40.0% 19-23
Working capital
€342k
+37.5% 19-23
Employees (FTE)
16
+24.4% 19-23
Staff costs
€716k
+46.8% 19-23
Income taxes
€33k
-22.0% 19-23
Debt
€582k
+23.8% 19-23
Debt ≤ 1y
€516k
+21.2% 19-23
Debt > 1y
€67k
+48.7% 19-23
Current ratio
1.66
+5.0% 19-23
Quick ratio
1.66
+5.0% 19-23
Solvency
38.8%
+8.0% 19-23
Debt / equity
1.57
-11.6% 19-23
ROE
28.6%
-23.8% 19-23
ROA
11.1%
-17.7% 19-23
Net margin
5.0%
- 19-23
EBITDA margin
8.2%
- 19-23
Interest coverage
10.00
+10.3% 19-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue€2.10M
EBITDA€173k
Net profit€106k
Cash flow€122k
Staff costs€716k
Income taxes€33k
Dividends-
Total assets€952k
Equity€370k
Debt€582k
of which ≤ 1y€516k
of which > 1y€67k
Working capital€342k
Employees (FTE)16.3
Ratios (computed)
2023
Current ratio1.66
Quick ratio1.66
Working capital ratio35.9%
Solvency38.8%
Debt / equity1.57
Long-term debt ratio0.18
Interest coverage10.00
Gross margin43.8%
Net margin5.0%
ROA11.1%
ROE28.6%
EBITDA margin8.2%
Days sales outstanding55d
Days payable outstanding88d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€952k
Fixed assets 21/28€95k
Tangible fixed assets 22/27€73k
Financial fixed assets 28€23k
Current assets 29/58€857k
Amounts receivable within one year 40/41€840k
Cash & bank 54/58€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€952k
Equity 10/15€370k
Contributions / capital 10/11€12k
Reserves 13€145k
Accumulated profits (losses) 14€213k
Amounts payable 17/49€582k
Amounts payable after one year 17€67k
Amounts payable within one year 42/48€516k
Trade debts payable within one year 44€285k
Income statement
Turnover 70€2.10M
Gross operating margin 9900€922k
Operating result 9901€156k
Financial income 75€41
Financial charges 65€17k
Result before taxes 9903€139k
Income taxes 67/77€33k
Net result for the period 9904€106k
Result to be appropriated 9905€106k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
24 / 100 Critical
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

8 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator CHRISTOPHE DEGRYSE
KORTRIJKSESTEENWEG 361, 9000 GENT
 24-06-2025 → present Belgian State Gazette

Legal Structure

NACE primary Goederenvervoer over de weg(49410)
Legal form Private limited company(610)
Incorporation20-09-2018
StatusActive
Postal code9042
First BS signal 01-07-2025
Latest BS signal 01-07-2025

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
3 companies at this address See who is registered here

Establishment units

1 location
Orbay Groep
John Kennedylaan 30, 9042 GentBouw van autowegen en andere wegen
since 20182.280.202.754
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2.6 ha
Buildings1
Building footprint1,473 m²
Volume (LiDAR)7,807 m³
Tallest building12.2 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44813B0016/00P006 Flanders 2.6 ha 1 · 1,473 m² 12.2 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
01-07-2025
Bankruptcy Opening
Date: 24-06-2025 · Ondernemingsrechtbank Gent, afdeling Gent · ORBAY GROEP BV JOHN KENNEDYLAAN 30/E, 9042 SINT-KRUIS-WINKEL · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-07-01 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 acts
Address history · 1
09-02-2022
Registered-office move
All acts · 1 updated 4 years ago
2022
09-02-2022 Registered office moved within Gent Registered-office change
  • MOREKSTRAAT 251 BUS 102-9032 GENT → John Kennedylaan 30 Bus E - 9042 Gent

Analysis

Snowflake analysis

financial profile on 5 axes
Health24Profitability64Solvency75Growth78Stability0
48 / 100

Mixed profile: strong on growth, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 64
Solvency 75
Growth 78
Stability 0

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 2,163 of the 12,425 companies in this sector. 1,036 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222
Primary activity highlighted.
Names & trade names
Legal nameNL Orbay Groep
Registered office
John Kennedylaan 30 bus E
9042 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.