ORBYS
ActiveFrom the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
ORBYS has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €226,361 and a net result of €6,264. Equity has been stable since 2019 (±1% per year). Its solvency ranks better than 84% of 1,597 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 20-10-2003 Normal situation
- Activity
- Guest rooms (bed and breakfast) NACE 55204and 4 others
- Establishment unit
- 2.133.904.582 8550 Zwevegem, since 20-10-2003
- Financial year end
- 30 September
- Peppol
- Reachable since 30-01-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €84,509
- ▼ 3.3%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €6,264
- ▼ 31.7%
- Equity
- €226,361
- ▲ 1.8%
- Total assets
- €327,593
- ▼ 9.9%
- Staff
- 1 FTE
- =
Score breakdownlowers riskFounded in 2003Equity €226,361 (69.1% of total assets)Size: total assets €327,593Figures for financial year 2025 (filed on 13-03-2026)Show the evidence
Checked score
About 1 in 1,000 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 55, micro). It does better than 83% of them on solvency, 68% on liquidity, 63% on profitability and 52% on growth.
The bankruptcy probability was computed on 31-10-2026 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 44 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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 13-03-2026 PDF all 22 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 40% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Accommodation (NACE 55). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as ORBYS: guest rooms (bed and breakfast) (NACE 55204). They are comparable in size and age: total assets between €226,000 and €407,000, founded between 2001 and 2008.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ORBYS Zwevegem | 2003 | €327,593 | €226,361 | €84,509 | €6,264 | - | 2025 |
| IN DEN PAARDENHANDEL Sint-Katelijne-Waver | 2001 | €281,404 | -€453,143 | €83,097 | -€9,749 | 1 | 2025 |
| Novus-R Menen | 2008 | €320,965 | -€51,720 | €66,795 | €1,480 | - | 2025 |
| DELAHAYE Jabbeke | 2006 | €271,772 | €88,530 | €121,947 | €40,325 | - | 2025 |
| ARTEMIS SERVICES Kortemark | 2005 | €226,406 | €206,788 | €63,761 | €20,164 | - | 2025 |
| HERDRIMMO Antwerpen | 2001 | €407,296 | -€64,977 | €70,198 | €3,366 | - | 2025 |
| WME Brussel | 2006 | €355,038 | €163,853 | €109,176 | €62,659 | - | 2025 |
They were chosen from the 518 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as ORBYS has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ORBYS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,041 companies, not a prediction for ORBYS. 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.
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €24,685 awarded · €24,685 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,750 | €3,750 |
| 2024 | 1 | €0 | €20,935 |
| 2023 | 1 | €20,935 | €0 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €14,220 | €15,604 | €16,256 | €16,748 | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,519 | €46,987 | €42,254 | €38,720 | €41,520 | €51,745 | €54,150 | ▲ 4.6% |
| Other operating charges640/8 | - | - | - | €3,283 | €3,724 | €3,977 | €4,089 | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €234 | - |
| Gross operating margin9900 | €79,123 | €50,029 | €54,218 | €83,005 | €71,264 | €87,414 | €84,509 | ▼ 3.3% |
| Operating profit (loss)9901 | €16,211 | -€8,190 | €3,460 | €26,781 | €10,417 | €15,437 | €9,289 | ▼ 39.8% |
| Financial income75/76B | - | - | - | €488 | €1,727 | €2,141 | €2,222 | ▲ 3.8% |
| Recurring financial income75 | €502 | €526 | €558 | €488 | €1,327 | €2,141 | €2,222 | ▲ 3.8% |
| Non-recurring financial income76B | - | - | - | - | €400 | - | - | - |
| Financial charges65/66B | - | - | - | €3,959 | €5,224 | €7,963 | €5,162 | ▼ 35.2% |
| Recurring financial charges65 | €7,882 | €5,497 | €4,420 | €3,959 | €5,224 | €7,963 | €5,162 | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | €8,831 | -€14,100 | -€402 | €23,311 | €6,920 | €9,615 | €6,350 | ▼ 34.0% |
| Transfer from deferred taxes780 | - | - | - | €122 | €310 | €478 | €541 | ▲ 13.1% |
| Income taxes67/77 | - | €197 | - | €4,340 | €657 | €918 | €626 | ▼ 31.7% |
| Profit (loss) for the period9904 | €8,953 | -€14,175 | -€280 | €19,092 | €6,573 | €9,175 | €6,264 | ▼ 31.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,519 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8,953 | -€14,175 | -€280 | €31,612 | €6,573 | €9,175 | €6,264 | ▼ 31.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €370,300 | €327,098 | €318,217 | €337,927 | €314,081 | €363,456 | €327,593 | ▼ 9.9% |
| Fixed assets21/28 | €343,988 | €304,155 | €265,588 | €268,298 | €244,505 | €349,874 | €298,961 | ▼ 14.6% |
| Tangible fixed assets22/27 | €343,988 | €304,155 | €265,588 | €268,298 | €244,505 | €349,874 | €298,961 | ▼ 14.6% |
| Land and buildings22 | - | - | - | €217,114 | €192,722 | €310,152 | €266,097 | ▼ 14.2% |
| Plant, machinery and equipment23 | - | - | - | €48,697 | €47,925 | €37,038 | €29,965 | ▼ 19.1% |
| Furniture and vehicles24 | - | - | - | €2,487 | €3,858 | €2,684 | €2,900 | ▲ 8.0% |
| Current assets29/58 | €26,311 | €22,943 | €52,629 | €69,629 | €69,576 | €13,582 | €28,632 | ▲ 111% |
| Amounts receivable within one year40/41 | €4,826 | €5,093 | €8,815 | €2,522 | €2,925 | €1,881 | €2,627 | ▲ 39.6% |
| Trade receivables40 | - | - | - | €2,520 | €2,916 | €1,740 | €2,237 | ▲ 28.5% |
| Other amounts receivable41 | - | - | - | €2 | €9 | €141 | €390 | ▲ 176% |
| Cash at bank and in hand54/58 | €21,485 | €17,850 | €42,564 | €67,107 | €66,651 | €11,700 | €24,164 | ▲ 107% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €1,840 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €370,300 | €327,098 | €318,217 | €337,927 | €314,081 | €363,456 | €327,593 | ▼ 9.9% |
| Equity10/15 | €244,666 | €230,005 | €229,237 | €247,843 | €198,250 | €222,261 | €226,361 | ▲ 1.8% |
| Contributions10/11 | €209,600 | €209,600 | - | €209,600 | €149,600 | €149,600 | €149,600 | = |
| Reserves13 | €32,145 | €18,419 | €18,419 | €36,782 | €43,355 | €52,530 | €58,794 | ▲ 11.9% |
| Non-distributable reserves130/1 | - | - | - | €5,900 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,900 | - | - | - | - |
| Distributable reserves133 | - | - | - | €30,882 | €43,355 | €52,530 | €58,794 | ▲ 11.9% |
| Profit (loss) carried forward14 | - | -€450 | -€730 | - | - | - | - | - |
| Investment grants15 | - | - | - | €1,461 | €5,295 | €20,131 | €17,967 | ▼ 10.7% |
| Provisions and deferred taxes16 | €730 | €609 | €487 | €365 | €1,324 | €5,033 | €4,492 | ▼ 10.7% |
| Deferred taxes168 | - | - | - | €365 | €1,324 | €5,033 | €4,492 | ▼ 10.7% |
| Amounts payable17/49 | €124,903 | €96,485 | €88,492 | €89,718 | €114,508 | €136,163 | €96,740 | ▼ 29.0% |
| Amounts payable after more than one year17 | €65,963 | €42,519 | €19,074 | €24,750 | €76,500 | €68,250 | €40,000 | ▼ 41.4% |
| Financial debts170/4 | - | - | - | €24,750 | €76,500 | €68,250 | €40,000 | ▼ 41.4% |
| Amounts payable within one year42/48 | €54,336 | €48,711 | €67,758 | €63,543 | €37,389 | €67,500 | €55,301 | ▼ 18.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,324 | €8,250 | €8,250 | €28,250 | ▲ 242% |
| Trade debts44 | €998 | €5,384 | €12,551 | €13,581 | €14,291 | €6,071 | €9,457 | ▲ 55.8% |
| Suppliers440/4 | - | - | - | €13,581 | €14,291 | €6,071 | €9,457 | ▲ 55.8% |
| Advances received on contracts in progress46 | - | - | - | - | - | €13,468 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €7,193 | €3,175 | €5,764 | €5,485 | ▼ 4.9% |
| Taxes450/3 | - | - | - | €5,280 | €1,932 | €3,678 | €2,650 | ▼ 28.0% |
| Remuneration and social security454/9 | - | - | - | €1,913 | €1,243 | €2,086 | €2,835 | ▲ 35.9% |
| Other amounts payable47/48 | - | - | - | €15,446 | €11,672 | €33,947 | €12,109 | ▼ 64.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,425 | €619 | €413 | €1,439 | ▲ 249% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,953 | -€14,175 | -€280 | €19,092 | €6,573 | €9,175 | €6,264 | ▼ 31.7% |
| + Depreciation and write-downs630 | €47,519 | €46,987 | €42,254 | €38,720 | €41,520 | €51,745 | €54,150 | ▲ 4.6% |
| Operating cash flow (approximation) | €56,471 | €32,812 | €41,974 | €57,813 | €48,093 | €60,920 | €60,414 | ▼ 0.8% |
| Investment in fixed assets (approximation) | - | -€7,154 | -€3,687 | -€41,430 | -€17,727 | -€157,114 | -€3,237 | ▲ 97.9% |
| Change in cash | - | -€3,635 | €24,714 | €24,543 | -€456 | -€54,950 | €12,464 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 13-03-2026 | 2026-00053870 | |
| 30-09-2024 | micro format | 18-03-2025 | 2025-00049510 | |
| 30-09-2023 | micro format | 14-03-2024 | 2024-00043372 | |
| 30-09-2022 | micro format | 09-03-2023 | 2023-00037383 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09600426 | |
| 30-09-2020 | micro format | 10-03-2021 | 2021-07300096 | |
| 30-09-2019 | micro format | 23-03-2020 | 2020-07100526 | |
| 30-09-2018 | micro format | 23-03-2019 | 2019-07700449 | |
| 30-09-2017 | abbreviated format | 21-03-2018 | 2018-07300542 | |
| 30-09-2016 | abbreviated format | 22-03-2017 | 2017-06800078 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-02-2023 Converted to unavailable equity · €222,000
- 20-02-2023 Converted to unavailable equity · €5,900
- 20-02-2023 Converted to uncalled contributions · €12,400
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jo Dendauw |
|
| Veroniek Spiessens |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, met of zonder beperking van duur”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere benoemd, ontbinding om welke reden en op welk ogenblik ook”
Articles of association, deed of 20-02-2023 (in Dutch)
Network & group
ORBYS shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of ORBYS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-02
Gazette deed
Resignations: Jo Dendauw (director) and Veroniek Spiessens (director)Appointments: Jo Dendauw (director) and Veroniek Spiessens (director) · Amendment of the articles · Legal-form conversion16 points ▸
- General meeting, 03-02-2023
- Amendment of the articles, mentioned 3 times in the deed
- Legal-form conversion, “beslotenvennootschap” (deed in Dutch)
- Capital conversion, “statutaironbeschikbareeigenvermogensrekening” (deed in Dutch), mentioned 2 times in the deed
- Capital conversion, “eigenvermogensrekeningniet-opgevraagdeinbrengen” (deed in Dutch)
- Reserve release, “vormenenmeerderhedenstatutenwijziging, opheffing” (deed in Dutch)
- Other provision, “vergaderingenbestuursorgaan, uitkeringenntests” (deed in Dutch)
- Director resignation, Jo Dendauw (director)
- Director resignation, Veroniek Spiessens (director)
- Director appointment, Jo Dendauw (director (not named in the articles))
- Director appointment, Veroniek Spiessens (director (not named in the articles))
- Registered office clause, “Vlaams Gewest, 8550 Zwevegem,Ellestraat 60” (deed in Dutch)
- The act holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202517 activities
- Het ontwikkelen van managementprojecten en diensten in alle industriële,commerciële en dienstensectoren,het verschaffen,zowel aan individuele personen als aan vennootschappen van alle prestaties,diensten en adviezen inzake management,het uitvoeren en waarnemen van managementactiviteiten in de ruimste zin van het woord met inbegrip van het waarnemen van bestuurdersmandaten.
- Het ontwikkelen van cursussen,seminaries,voordrachten en het uitvoeren van lesopdrachten,
- Het ontwerpen,produceren,inkopen,verkopen,verhuren en implementeren van alle roerende goederen,in het bijzonder,elektrische en elektronische componenten en apparatuur,apparatuur voor fotografie en grafisch ontwerp in de ruimste zin van het woord (internet en gerelateerde activiteiten),nieuwe vormen van communicatie en technologie en hun toepassingen,zonder dat deze opsomming limitatief is.
- De aan- en verkoop,de in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in ’t kort tussenpersoon in de handel.
- Het aanbieden van diverse vormen van logiesvertrekking,zoals de uitbating van bed & breakfast,gastenverblijf,logementshuis,vakantieverblijf,uitbating van een hotel,incluis het verlenen van alle catering- en aanverwante diensten;
- Het verhuren en ter beschikkingstellen van vergaderruimtes en zalen voor diverse doeleinden incluis de verhuring en de terbeschikkingstelling van alle technisch materiaal en benodigdheden hiervoor,inbegrepen alle informaticatechnische,elektrische installaties van welke aard dan ook,en datacommunicatie;
- In het algemeen het verrichten van alle activiteiten behorende tot de horecasector en aanverwante sectoren;
- Het verlenen van diensten als restaurateur en traiteur;
- Verhuur van twee- en meerwielers,al dan niet gemotoriseerd
- De verhuur van staanplaatsen voor paarden en ander vee,de verzorging ervan,de handel erin,alsook de verkoop van de bijhorende voeders;
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in rechtspersonen en ondernemingen waar zij al dan niet een participatie aanhoudt.
- De verwerving van participaties onder gelijk welke vorm ook in handels-,industriële en financiële ondernemingen,het beheer,evenals het te gelde maken van deze participaties,de verwerving door deelneming,inschrijving,aankoop,optie of om het even welk ander middel,van alle deelbewijzen,aandelen,obligaties,waarden en titels.De vennootschap zal echter niet aan beleggingsadvies en vermogensbeheer doen.
- De engineering,leasing,ontwikkeling,commercialisatie,vertegenwoordiging,dienstverlening met betrekking tot welk danige roerende goederen,materieel,machines en outillage en in het bijzonder met betrekking tot hardware,software en alle toebehoren,inclusief goederen gebruikt in en rond de (elektronische) grafische sector.
- Het toestaan van leningen,van kredietopeningen aan vennootschappen of particulieren onder om het even welke vorm,voor zover wettelijk toegelaten,in het kader kan zij zich borg stellen of haar aval verlenen,in de meest ruime zin en alle handels- en financiële operaties verrichten.
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,know-how en aanverwante immateriële duurzame activa.
- Het waarnemen van alle bestuurdersopdrachten in vennootschappen,het uitoefenen van mandaten en functies in ondernemingen,verstrekken van bijstand in het management van ondernemingen.
- Het verkrijgen door aankoop of anderszins,het verkopen,ruilen,verbeteren,uitrusten,verbouwen,belasten met,beschikken over,productief maken,het verhuren en in huur nemen,de leasing van alle onroerende goederen en in het algemeen alle onroerende verrichtingen.Hiermee wordt niet bedoeld de uitoefening van vastgoedmakelaar.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34042B0268/00F000 | Flanders | 5,513 m² | 1 · 172 m² | 8.9 m · 2 |