Turnover
€54.6m ▲ 73.5%
Turnover rose in 2026: merger with UPFRONT.
ORBID
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €54.6m (2026)
€54.6m▲ 73.5%
lowest -€20,859 (2025)
€7,271▲ €28,130
peak €14.4m (2026)
€14.4m▲ 74.9%
€10.9m▲ 69.2%
peak 183.9 FTE (2026)
183.9 FTE▲ 33.0%
Board17 names since 2019all names
2 directorsMaarten Van der Biest and 1 other
Owners4 names in the annual accounts
100%RICOH BELGIUM
Documentsfilings and deeds
13-10-202618 days before the deadline
2026financial year
Turnover from €31.5m to €54.6mBack to profit: €7,271Staff from 138.3 FTE to 183.9 FTEResignation: Stephen Palmer (director) 24-06Appointment: Paul Vieijra (day-to-day manager) 04-02Equity from €8.2m to €14.4m
Key points
from the 2026 annual accountsDebts
€10.9m ▲ 69.2%
Debts rose by €4.5m in 2026.
Investments
€671,287 1.7 × depreciation
Green is investment, beige is depreciation.
Staff
189 employees on 31-03-2026
In 2026, 70 people joined and 23 left.
Filings
27 annual accounts since 1999
The last five annual accounts were filed 18 to 55 days before the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 01-06-2026 · 2 in office.
Checked score
97
Excellent
Financially stronger than 74% of medium-sized companies in computer programming and consultancy (NACE 62)
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: 0.1% across 206 companies (NACE 62, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026highest value
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
lowers risk
Liquidity: current ratio 2.76, cash €9.4m
Equity €14.4m (56.5% of total assets)
Founded in 1998
Sector: Computer programming, consultancy and related activities (NACE 62)
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 62, medium-sized). It does better than 72% of them on solvency, 94% on liquidity, 36% on profitability and 94% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-03-2026.
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, 1,887 companies had the same profile as ORBID has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of ORBID 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 1,887 companies, not a prediction for ORBID. 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 €1,350,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.76 (2.53 in 2025), above the usual 1.5. Short-term debt is 33.9% and cash 37% of total assets. 43.5% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 13-10-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
18 days early
2025
36 days early
2024
55 days early
2023
43 days early
2022
53 days early
2021
9 days early
2019
21 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 34 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 18 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- RICOH BELGIUM 100%score 91equity €54.5m (2026) · annual accounts 31-03-2026
- RICOH BELGIUM NV consolidatesannual accounts 31-03-2026
Recent changes
Resignation: Stephen Palmer (director)
Gazette deed
Security firm approval (camera systems) renewed
Decision of 16-03-2026, published on 24-04-2026
Appointment: Paul Vieijra (day-to-day manager)
General meeting of 01-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0463174208
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ORBID Merelbeke | €54.6m | 0.2% | 56.5% | 183.9 |
| AVANADE BELGIUM Lochristi | €40.5m | 4.7% | 64.2% | 148.7 |
| CEGEKA BUSINESS SOLUTIONS BELGIE Hasselt | €49.6m | 0.3% | 34.7% | 223.2 |
| WAVENET Leuze-en-Hainaut | €34.1m | 22.8% | 61.7% | 171.3 |
| i-City Brussels | €57.5m | 0.0% | 9.5% | 176.6 |
| DXC Technology Belgium Mechelen | €52.8m | -0.6% | 23.9% | 153.6 |
| ECONOCOM MANAGED SERVICES Ixelles | €45.2m | 1.2% | 44.2% | 206.9 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as ORBID: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €19m and €33m, founded between 1987 and 2003.
Official details
Source: KBO- Status
- Active since 24-04-1998Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2025
- Establishment units
- 2.086.669.0479820 Merelbeke, since 04-05-1998
- 2.224.748.1519240 Zele, since 22-11-2013and 2 others
- Financial year end
- 31 March
- Peppol
- Reachable since 22-12-2025
Annual accounts to 31-03-2026
- €25.5m▲ 71.5%
- Employeeson 31-03-2026
- 189▲ 33.1%
- Filing
- Filed on 13-10-2026, 18 days before the end of the filing period
Insights on ORBID
ORBID has existed since 1998. Turnover grew from €8.2m in 2006 to €54.6m in 2026 and staff from 59.2 to 183.9 full-time equivalents.
Turnover has grown every year since 2022.
RICOH BELGIUM holds all the shares. In 2024, four directors stepped down.
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 ORBID
- What is the company number of ORBID?
- The company number of ORBID is 0463.174.208. The VAT number is the same number with BE in front: BE 0463.174.208.
- Where is ORBID based?
- The registered office is at Guldensporenpark 29, 9820 Merelbeke.Company details
- What does ORBID do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of ORBID?
- ORBID is a public limited company (NV).
- When was ORBID founded?
- ORBID was founded on 24-04-1998.
- Is ORBID still active?
- Yes, ORBID is an active enterprise in the KBO register.
- How many employees does ORBID have?
- ORBID had an average of 183.9 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does ORBID fall under?
- In its 31-03-2025 annual accounts, ORBID states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of ORBID?
- The turnover of ORBID was €54.6m in financial year 2026, according to the filed annual accounts.
- Is ORBID profitable?
- In financial year 2026, ORBID made a profit of €7,271.
- Where can I find the annual accounts of ORBID?
- ORBID filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of ORBID due?
- ORBID must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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