ORBIT
Open bankruptcyA bankruptcy procedure is open for ORBIT according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-426k) and a net result of €-592k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 10-10-2024, 71 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
71 d late
2022
161 d late
2021
17 d late
2020
25 d late
2019
52 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
€4.81M▲ 19.3%
2022 · €4.03M
2018: €7.16M
2019: €6.58M
2020: €4.92M
2021: €5.81M
2022: €4.03M
2018 → 2023
EBIT margin
-10.4%▲ 5.0pp
2022 · -15.4%
2018: -0.1%
2019: 2.3%
2020: -7.5%
2021: 1.3%
2022: -15.4%
2018 → 2023
Net result
€-592k▲ 7.9%
2022 · €-643k
2018: €-22k
2019: €59k
2020: €-395k
2021: €68k
2022: €-643k
2018 → 2023
Working capital
€-284k
2022 · €448k
2018: €2.16M
2019: €1.76M
2020: €1.27M
2021: €1.08M
2022: €448k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€6.58M-€4.92M▼ 25.3%€5.81M▲ 18.2%€4.03M▼ 30.7%€4.81M▲ 19.3%
Equity€1.14M-€741k▼ 34.8%€809k▲ 9.1%€166k▼ 79.5%€-426k
Operating result€154k-€-367k€78k€-621k€-499k▲ 19.6%
Net result€59k-€-395k€68k€-643k€-592k▲ 7.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €499k in 2023 against €621k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.46M
Fixed assets
€194k▲ 10.3%
Current assets
€3.27M▲ 3.5%
Key figures and ratios
EBITDA
€-441k▲
2022 · €-550k
Cash flow
€-533k▲
2022 · €-572k
Solvency
-12.3%▼
2022 · 5.0%
Current ratio
0.92▼
2022 · 1.16
Quick ratio
0.45▼
2022 · 0.53
Debt / equity
-9.13▼
2022 · 19.09
ROA
-17.1%▲
2022 · -19.3%
Interest coverage
-5.40▲
2022 · -22.26
Debt
€3.89M▲
2022 · €3.17M
Debt ≤ 1 year
€3.55M▲
2022 · €2.71M
Debt > 1 year
€231k▼
2022 · €370k
Income taxes
€2k▲
2022 · €1k
Staff costs
€1.23M▲
2022 · €1.17M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€3.34M€3.46M▲
Fixed assets21/28€176k€194k▲
Intangible fixed assets21€26k€19k▼
Tangible fixed assets22/27€119k€139k▲
Plant, machinery and equipment23€5k€21k▲
Furniture and vehicles24€10k€34k▲
Other tangible fixed assets26€104k€84k▼
Financial fixed assets28€31k€35k▲
Affiliated companies280/1€1k€1k=
Participating interests280€1k€1k=
Other financial fixed assets284/8€30k€34k▲
Amounts receivable and cash guarantees285/8€30k€34k▲
Current assets29/58€3.16M€3.27M▲
Stocks and contracts in progress3€1.73M€1.69M▼
Stocks30/36€1.73M€1.69M▼
Raw materials and consumables30/31€869k€820k▼
Work in progress32€271k€271k=
Finished goods33€109k€109k=
Goods purchased for resale34€478k€488k▲
Amounts receivable within one year40/41€1.17M€1.30M▲
Trade receivables40€586k€738k▲
Other amounts receivable41€584k€563k▼
Cash at bank and in hand54/58€248k€245k▼
Deferred charges and accrued income490/1€17k€36k▲
Equity and liabilities
Total equity and liabilities10/49€3.34M€3.46M▲
Equity10/15€166k€-426k▼
Contributions10/11€162k€162k=
Capital10€162k€162k=
Issued capital100€162k€162k=
Reserves13€16k€16k=
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Tax-exempt reserves132€237€237=
Distributable reserves133€0-
Profit (loss) carried forward14€-12k€-604k▼
Amounts payable17/49€3.17M€3.89M▲
Amounts payable after more than one year17€370k€231k▼
Financial debts170/4€370k€231k▼
Credit institutions173€370k€231k▼
Amounts payable within one year42/48€2.71M€3.55M▲
Current portion of amounts payable after more than one year42€85k€93k▲
Financial debts43€1.44M€1.63M▲
Credit institutions430/8€1.44M€1.63M▲
Trade debts44€553k€740k▲
Suppliers440/4€553k€740k▲
Taxes, remuneration and social security45€138k€135k▼
Taxes450/3€25k€46k▲
Remuneration and social security454/9€113k€89k▼
Other amounts payable47/48€497k€955k▲
Accrued charges and deferred income492/3€87k€104k▲
Income statement
Code20222023
Operating income70/76A€4.14M€4.85M▲
Turnover70€4.03M€4.81M▲
Change in stocks of work in progress, finished goods and contracts in progress71€76k-
Other operating income74€38k€41k▲
Operating charges60/66A€4.76M€5.35M▲
Goods for resale, raw materials and consumables60€1.67M€2.07M▲
Purchases600/8€1.77M€2.10M▲
Change in stocks: decrease (increase)609€-99k€-32k▲
Services and other goods61€1.73M€1.90M▲
Remuneration, social security and pensions62€1.17M€1.23M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€59k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€50-
Other operating charges640/8€15k€17k▲
Non-recurring operating charges66A€103k€75k▼
Operating profit (loss)9901€-621k€-499k▲
Financial income75/76B€32k€1k▼
Recurring financial income75€32k€1k▼
Other financial income752/9€32k€1k▼
Financial charges65/66B€52k€92k▲
Recurring financial charges65€52k€92k▲
Debt charges650€25k€82k▲
Other financial charges652/9€28k€11k▼
Profit (loss) for the period before taxes9903€-641k€-590k▲
Income taxes67/77€1k€2k▲
Taxes670/3€1k€2k▲
Profit (loss) for the period9904€-643k€-592k▲
Profit (loss) for the period to be appropriated9905€-643k€-592k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-643k€-604k▲
Profit (loss) brought forward from the previous period14P-€-12k
Transfer from equity791/2€630k-
From reserves792€630k-
Social balance
Average headcount (FTE)908721.017.5▼
The notes to these accounts (63 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · ORBIT NV BEVERSE- STEENWEG 565, 8800 ROESELARE · event 22-10-2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 71 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 161 days late
2022
31-12
Financial
Weakest financial yearnet €-643k ▼1050%
Net result drops to €-643k, the lowest in the series.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Roeselare · 2 establishment units since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beversesteenweg 5658800 RoeselareGround area
8,042 m²
Building footprint
7,226 m²
Volume, LiDAR
50,455 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ORBIT
since 19892.043.956.284
Beversesteenweg 565, 8800 Roeselare
since 20122.235.211.184
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505B0902/00G000 | Flanders | 7,707 m² | 1 · 7,226 m² | 8.8 m · 2 fl. |
| 46018A0182/00F002 | Flanders | 335 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MAARTEN VINCKIER HOOGLEEDSE-
STEENWEG 7, 8800 ROESELARE |
22-10-2024 → present |
| Curator | NICOLAAS VINCKIER HOOGLEEDSESTEENWEG 7, 8800 ROESE-
LARE |
22-10-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,320 EUR awarded · 3,320 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,320 EUR | 3,320 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 256 companies in sector 27402 we hold annual accounts for 157. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-04-1989
Fiscal year end31-12
Activities, NACEBEL
27402Manufacture of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.orbit-lighting.com
E-mail:filip.staelens@orbit-lighting.com
Phone:038444533
Fax:038446628