Turnover
≈ €15,000 estimated
The micro format states no turnover.
ORCIBO
Lifetime
3 annual accounts with figures on one time axispeak €63,237 (2024)
€2,098▼ 96.7%
lowest -€648 (2025)
-€648▼ €34,694
peak €56,139 (2024)
€55,491▼ 1.2%
€36,195▼ 35.5%
Board1 name since 2022
1 directorCIRCO Michelangelo
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €63,237 to €2,098Loss of €648Debts from €56,121 to €36,195
Key points
from the 2025 annual accountsFilings
3 annual accounts 2 late
The 2023 accounts came latest: 30 days after the end of the period.
Starting capital
€2,000 20 shares
Checked score
54
Fair
Financially stronger than 57% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%
01-2025: 3.4%● unchanged vs 12-2024
02-2025: 3.4%● unchanged vs 01-2025
03-2025: 3.4%● unchanged vs 02-2025highest value
04-2025: 3.4%● unchanged vs 03-2025
05-2025: 3.3%▼ -0.1 percentage points vs 04-2025
06-2025: 3.0%▼ -0.3 percentage points vs 05-2025
07-2025: 3.0%● unchanged vs 06-2025
08-2025: 2.7%▼ -0.3 percentage points vs 07-2025
09-2025: 2.7%● unchanged vs 08-2025
10-2025: 2.7%● unchanged vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 2.7%● unchanged vs 11-2025
01-2026: 2.7%● unchanged vs 12-2025
02-2026: 2.7%● unchanged vs 01-2026
03-2026: 2.7%● unchanged vs 02-2026
04-2026: 2.7%● unchanged vs 03-2026
05-2026: 2.7%● unchanged vs 04-2026
06-2026: 2.2%▼ -0.5 percentage points vs 05-2026lowest value
07-2026: 2.2%● unchanged vs 06-2026lowest value
08-2026: 2.8%▲ +0.6 percentage points vs 07-2026
09-2026: 2.2%▼ -0.6 percentage points vs 08-2026
10-2026: 2.2%● unchanged vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2022
Liquidity: current ratio 2.47
Size: total assets €91,686
Sector: Retail trade (NACE 47)
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 47, micro). It does better than 73% of them on solvency, 70% on liquidity, 48% on profitability and 36% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 2,145 companies had the same profile as ORCIBO has now. Each dot stands for 6 companies, two years later.
91.7%
were still trading
5.9%
stopped another way
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ORCIBO itself: 2.2% 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 2,145 companies, not a prediction for ORCIBO. 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 €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.47 (1.94 in 2024), above the usual 1.5. Short-term debt is 39.5% of total assets. 39.5% 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
Five signals.
raises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
21 days late
2024
1 day early
2023
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 17 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0791538410
Incorporation
Founding capital of €2,000, 20 shares · Founder: CIRCO Michelangelo (comparant) · Appointment: CIRCO Michelangelo (director) · published on 30-09-2022 · Gazette deed
First establishment
Rue Saint-Eloi 15, Morlanwelz
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ORCIBO Morlanwelz | €91,686 | €2,098 | 60.5% | - |
| Het is Maarnix Antwerp | €103,063 | €3,701 | -71.6% | 0.8 |
| TONITRUM Huldenberg | €130,733 | -€2,821 | 99.2% | - |
| In-Gate Gallery Uccle | €65,851 | -€37,725 | -217.9% | - |
| STREET BOY Antwerp | €59,369 | -€13,995 | -23.8% | - |
| Galerie Jaqueline Martins Elyon Brussels | €91,395 | -€80,790 | -354.1% | - |
| Underwood Quest Antwerp | €52,433 | -€103,970 | -284.6% | - |
These companies have the same main activity as ORCIBO: retail sale of other cultural and recreation goods (NACE 47690). They are comparable in size and age: total assets between €52,400 and €131,000, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 28-09-2022Normal situation
- Activity
- Retail sale of other cultural and recreation goodsNACE 47690and 5 others
- Establishment unit
- 2.337.005.3607141 Morlanwelz, since 28-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Insights on ORCIBO
ORCIBO files the micro format. That format states no turnover. The gross margin fell from €34,791 in 2023 to €2,098 in 2025.
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 ORCIBO
- What is the company number of ORCIBO?
- The company number of ORCIBO is 0791.538.410. The VAT number is the same number with BE in front: BE 0791.538.410.
- Where is ORCIBO based?
- The registered office is at Rue Saint-Eloi 15, 7141 Morlanwelz.Company details
- What does ORCIBO do?
- According to the KBO register, the main activity is retail sale of other cultural and recreation goods (NACE 47690).
- What is the legal form of ORCIBO?
- ORCIBO is a private limited company (BV).
- When was ORCIBO founded?
- ORCIBO was founded on 28-09-2022.
- Is ORCIBO still active?
- Yes, ORCIBO is an active enterprise in the KBO register.
- What is the turnover of ORCIBO?
- The turnover in financial year 2025 is ≈ €15,000. This figure is estimated from the gross margin of €2,098 and 42 comparable companies (NACE 476). It probably lies between €8,000 and €34,000. It is a rough estimate.Financials
- Is ORCIBO profitable?
- In financial year 2025, ORCIBO made a loss of €648.
- Where can I find the annual accounts of ORCIBO?
- ORCIBO filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ORCIBO due?
- ORCIBO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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