ORCA
ActiveSummary
ORCA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of €121,408. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-18
Solvency46▼-2
Growth61▼-24
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.29 in 2024; short-term debt: 79.1% and cash: 9.5% of total assets), and 79.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.9%
Return on assets
0.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4886 sector peers (2025).
NBB · sector comparisonPosition among 4886 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
2 d early
2022
13 d early
2021
16 d early
2020
30 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€37.1m▼ 11.5%
2024 · €41.9m
EBIT margin
1.5%▼ 1.8pp
2024 · 3.4%
Net result
€121,408▼ 84.7%
2024 · €791,305
Working capital
€3.0m▲ 4.4%
2024 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€17.5m▼ 10.2%€8.2m▼ 53.0%€26.5m▲ 221%€41.9m▲ 58.5%€37.1m▼ 11.5%
Operating result€512,038▼ 20.0%€479,065▼ 6.4%€843,087▲ 76.0%€1.4m▲ 66.7%€561,003▼ 60.1%
Net result€431,895▼ 8.6%€331,931▼ 23.1%€332,894▲ 0.3%€791,305▲ 138%€121,408▼ 84.7%
EBIT margin2.9%▼ 0.4pp5.8%▲ 2.9pp3.2%▼ 2.6pp3.4%▲ 0.2pp1.5%▼ 1.8pp
Equity€2.3m▲ 1.4%€2.6m▲ 14.5%€2.3m▼ 13.0%€2.9m▲ 25.9%€3.0m▲ 4.2%
Total assets€6.1m▲ 30.8%€5.2m▼ 15.6%€8.0m▲ 55.2%€12.7m▲ 58.9%€14.3m▲ 12.3%
Debt€3.8m▲ 58.2%€2.5m▼ 33.7%€5.7m▲ 126%€9.9m▲ 72.0%€11.3m▲ 14.7%
Working capital€2.2m▲ 1.5%€2.5m▲ 14.9%€2.2m▼ 12.0%€2.8m▲ 28.0%€3.0m▲ 4.4%
Staff (FTE)11.2▼ 8.9%10.3▼ 8.0%10.3=10.3=10.3=
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.3m
Fixed assets
€22,376 ▼ 18.0%
Current assets
€14.3m ▲ 12.4%
Equity and liabilities €14.3m
Equity
€3.0m ▲ 4.2%
Debt
€11.3m ▲ 14.7%
Debt's share of the balance-sheet total rises from 77.4% to 79.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€574,801▼
2024 · €1.4m
Cash flow
€135,207▼
2024 · €825,690
Current ratio
1.26▼
2024 · 1.29
Quick ratio
1.25▼
2024 · 1.27
Debt to equity
3.77▲
2024 · 3.43
ROE
4.1%▼
2024 · 27.5%
ROA
0.8%▼
2024 · 6.2%
Interest coverage
1.34▼
2024 · 3.22
Debt ≤ 1 year
€11.3m▲
2024 · €9.9m
Income taxes
€63,830▼
2024 · €200,248
Staff costs
€446,614▲
2024 · €411,428
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €17.5m | €8.2m | €27.4m | €42.9m | €38.1m | ▼ 11.2% |
| Turnover70 | €17.5m | €8.2m | €26.5m | €41.9m | €37.1m | ▼ 11.5% |
| Other operating income74 | €3,484 | €1,479 | €930,246 | €934,986 | €922,251 | ▼ 1.4% |
| Operating charges60/66A | €17.0m | €7.8m | €26.6m | €41.5m | €37.5m | ▼ 9.6% |
| Goods for resale, raw materials and consumables60 | €12.7m | €6.0m | €20.8m | €35.0m | €30.5m | ▼ 12.9% |
| Purchases600/8 | €12.5m | €6.1m | €20.9m | €34.9m | €30.4m | ▼ 12.8% |
| Change in stocks: decrease (increase)609 | €206,680 | -€96,060 | -€59,795 | €108,631 | €68,446 | ▼ 37.0% |
| Services and other goods61 | €3.4m | €1.6m | €5.3m | €6.0m | €6.5m | ▲ 8.3% |
| Remuneration, social security and pensions62 | €390,825 | €179,939 | €388,289 | €411,428 | €446,614 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,158 | €28,442 | €58,850 | €34,385 | €13,798 | ▼ 59.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €448,272 | €0 | - | €4,055 | €0 | ▼ 100% |
| Other operating charges640/8 | €16,346 | €6,249 | €14,345 | €17,588 | €41,028 | ▲ 133% |
| Operating profit (loss)9901 | €512,038 | €479,065 | €843,087 | €1.4m | €561,003 | ▼ 60.1% |
| Financial income75/76B | €118,786 | €36,369 | €56,564 | €86,812 | €171,666 | ▲ 97.7% |
| Recurring financial income75 | €118,786 | €36,369 | €56,564 | €86,812 | €171,666 | ▲ 97.7% |
| Income from financial fixed assets750 | €60,135 | €30,340 | €52,119 | €75,972 | - | - |
| Income from current assets751 | €981 | €0 | €914 | €3,465 | €134,974 | ▲ 3,795% |
| Other financial income752/9 | €57,670 | €6,029 | €3,532 | €7,375 | €36,692 | ▲ 398% |
| Financial charges65/66B | €47,888 | €72,811 | €454,467 | €500,389 | €547,431 | ▲ 9.4% |
| Recurring financial charges65 | €47,888 | €72,811 | €454,467 | €500,389 | €547,431 | ▲ 9.4% |
| Debt charges650 | €41,863 | €71,424 | €379,812 | €447,385 | €430,260 | ▼ 3.8% |
| Other financial charges652/9 | €6,025 | €1,387 | €74,655 | €53,004 | €117,171 | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €582,936 | €442,624 | €445,184 | €991,554 | €185,238 | ▼ 81.3% |
| Income taxes67/77 | €151,041 | €110,693 | €112,290 | €200,248 | €63,830 | ▼ 68.1% |
| Taxes670/3 | €151,041 | €110,693 | €112,290 | €200,248 | €63,830 | ▼ 68.1% |
| Profit (loss) for the period9904 | €431,895 | €331,931 | €332,894 | €791,305 | €121,408 | ▼ 84.7% |
| Transfer from tax-exempt reserves789 | €0 | - | €53,400 | €0 | €105,250 | - |
| Transfer to tax-exempt reserves689 | €0 | €105,250 | €147,350 | €0 | €84,200 | - |
| Profit (loss) for the period to be appropriated9905 | €431,895 | €226,681 | €238,944 | €791,305 | €142,458 | ▼ 82.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €5.2m | €8.0m | €12.7m | €14.3m | ▲ 12.3% |
| Fixed assets21/28 | €133,646 | €117,134 | €58,284 | €27,299 | €22,376 | ▼ 18.0% |
| Tangible fixed assets22/27 | €129,927 | €113,415 | €54,565 | €23,580 | €18,657 | ▼ 20.9% |
| Plant, machinery and equipment23 | €129,927 | €113,415 | €54,565 | €23,580 | €18,657 | ▼ 20.9% |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €3,719 | €3,719 | €3,719 | €3,719 | €3,719 | = |
| Other financial fixed assets284/8 | €3,719 | €3,719 | €3,719 | €3,719 | €3,719 | = |
| Amounts receivable and cash guarantees285/8 | €3,719 | €3,719 | €3,719 | €3,719 | €3,719 | = |
| Current assets29/58 | €6.0m | €5.0m | €8.0m | €12.7m | €14.3m | ▲ 12.4% |
| Stocks and contracts in progress3 | €179,240 | €275,300 | €335,095 | €226,464 | €158,018 | ▼ 30.2% |
| Stocks30/36 | €179,240 | €275,300 | €335,095 | €226,464 | €158,018 | ▼ 30.2% |
| Raw materials and consumables30/31 | €79,670 | €130,550 | €167,575 | €118,569 | €68,594 | ▼ 42.1% |
| Goods purchased for resale34 | €99,570 | €144,750 | €167,520 | €107,895 | €89,424 | ▼ 17.1% |
| Amounts receivable within one year40/41 | €5.5m | €4.4m | €7.2m | €11.2m | €12.5m | ▲ 11.5% |
| Trade receivables40 | €2.6m | €912,203 | €3.1m | €5.4m | €3.1m | ▼ 43.0% |
| Other amounts receivable41 | €2.9m | €3.5m | €4.1m | €5.8m | €9.4m | ▲ 62.6% |
| Cash at bank and in hand54/58 | €326,986 | €126,682 | €197,628 | €1.1m | €1.4m | ▲ 24.8% |
| Deferred charges and accrued income490/1 | €14,979 | €269,076 | €217,665 | €219,445 | €302,337 | ▲ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €5.2m | €8.0m | €12.7m | €14.3m | ▲ 12.3% |
| Equity10/15 | €2.3m | €2.6m | €2.3m | €2.9m | €3.0m | ▲ 4.2% |
| Contributions10/11 | €736,504 | €736,504 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €736,504 | €736,504 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €736,504 | €736,504 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €1.6m | €1.9m | €2.2m | €2.8m | €2.9m | ▲ 4.3% |
| Non-distributable reserves130/1 | €73,650 | €73,650 | €73,650 | €73,650 | €73,650 | = |
| Legal reserve130 | €73,650 | €73,650 | €73,650 | €73,650 | €73,650 | = |
| Tax-exempt reserves132 | €116,550 | €221,800 | €315,750 | €315,750 | €294,700 | ▼ 6.7% |
| Distributable reserves133 | €1.4m | €1.6m | €1.8m | €2.4m | €2.6m | ▲ 5.9% |
| Amounts payable17/49 | €3.8m | €2.5m | €5.7m | €9.9m | €11.3m | ▲ 14.7% |
| Amounts payable after more than one year17 | €40,167 | €19,666 | €0 | - | - | - |
| Financial debts170/4 | €40,167 | €19,666 | €0 | - | - | - |
| Credit institutions173 | €40,167 | €19,666 | €0 | - | - | - |
| Amounts payable within one year42/48 | €3.8m | €2.5m | €5.7m | €9.9m | €11.3m | ▲ 14.7% |
| Current portion of amounts payable after more than one year42 | €41,000 | €41,000 | €19,666 | €0 | - | - |
| Financial debts43 | €1.5m | €1.1m | €3.0m | €4.8m | €7.5m | ▲ 56.0% |
| Credit institutions430/8 | €1.5m | €1.1m | €3.0m | €4.8m | €7.5m | ▲ 56.0% |
| Trade debts44 | €1.7m | €1.3m | €2.7m | €4.8m | €3.7m | ▼ 22.1% |
| Suppliers440/4 | €1.7m | €1.3m | €2.7m | €4.8m | €3.7m | ▼ 22.1% |
| Taxes, remuneration and social security45 | €98,948 | €73,066 | €27,608 | €27,623 | €25,655 | ▼ 7.1% |
| Taxes450/3 | €50,331 | €50,370 | €1,953 | €391 | €1,454 | ▲ 271% |
| Remuneration and social security454/9 | €48,616 | €22,695 | €25,655 | €27,232 | €24,202 | ▼ 11.1% |
| Other amounts payable47/48 | €400,033 | €0 | - | €200,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1,275 | €1,275 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €431,895 | €331,931 | €332,894 | €791,305 | €121,408 | ▼ 84.7% |
| + Depreciation and write-downs630 | €57,158 | €28,442 | €58,850 | €34,385 | €13,798 | ▼ 59.9% |
| Operating cash flow (approximation) | €489,053 | €360,374 | €391,743 | €825,690 | €135,207 | ▼ 83.6% |
| Investment in fixed assets (approximation) | - | -€11,930 | €0 | -€3,400 | -€8,875 | ▼ 161% |
| Change in cash | - | -€200,304 | €70,946 | €889,842 | €269,333 | ▼ 69.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €121,408 ▼84.7%
Net result drops to €121,408, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Highest result since 2018net €791,305 ▲138%
Operating result €1.4m, net result €791,305, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €2mEq €2.1m ▲13.7%
2 profitable years in a row build equity to €2.1m.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Sint-Katelijne-Waver · 1 establishment unit since 2022
Ground area
1.9 ha
Building footprint
8,891 m²
Volume, LiDAR
7,461 m³
Parcel 12422D0863/00A000, Flanders · tallest building 12.0 m. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Hoveniersstraat 28, 2860 Sint-Katelijne-Waver
since 20222.333.310.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422D0863/00A000 | Flanders | 1.9 ha | 1 · 8,891 m² | 12.0 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 42,250 EUR awarded · 32,809 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 7,459 EUR |
| 2023 | 1 | 0 EUR | 25,350 EUR |
| 2022 | 1 | 42,250 EUR | 0 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Katelijne-Waver2.333.310.947
Legal Entity Identifier
549300Q00B12EOK86E14
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Of 958 companies in sector 46319 we hold annual accounts for 610. 323 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-12-1992
Fiscal year end30-06
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
Scores and ratios are computed by Checked and are not a credit decision.