ORCOVET
ActiveORCOVET has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154k and a net result of €63k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+32
Solvency72▼-8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.84 in 2024; short-term debt: 52.3% and cash: 64.9% of total assets), but 53.5% of the assets are financed with debt.
Credit advice for your own amount and term
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
46.5%
Return on assets
18.9%
Age of the figures
9 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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
6 d late
2023
19 d late
2022
30 d late
2021
26 d late
2020
1 d early
2019
66 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€154k▲ 27.0%
2024 · €121k
2018: €95k
2019: €113k
2020: €137k
2021: €168k
2022: €116k
2023: €132k
2024: €121k
2018 → 2025
Total assets
€331k▲ 51.1%
2024 · €219k
2018: €401k
2019: €401k
2020: €364k
2021: €334k
2022: €285k
2023: €238k
2024: €219k
2018 → 2025
Net result
€63k▲ 223%
2024 · €19k
2018: €36k
2019: €78k
2020: €84k
2021: €31k
2022: €48k
2023: €16k
2024: €19k
2018 → 2025
Working capital
€143k▲ 80.3%
2024 · €79k
2018: €119k
2019: €119k
2020: €117k
2021: €142k
2022: €79k
2023: €106k
2024: €79k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€168k-€116k▼ 31.2%€132k▲ 14.2%€121k▼ 8.0%€154k▲ 27.0%
Operating result€57k-€59k▲ 4.1%€31k▼ 47.7%€34k▲ 8.5%€92k▲ 173%
Net result€31k-€48k▲ 56.1%€16k▼ 65.6%€19k▲ 18.4%€63k▲ 223%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 173% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331k
Fixed assets
€15k▼ 67.1%
Current assets
€316k▲ 82.5%
Equity and liabilities €331k
Equity
€154k▲ 27.0%
Debt
€177k▲ 81.0%
The debt ratio rises from 44.6% to 53.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101k▲
2024 · €48k
Cash flow
€72k▲
2024 · €34k
Solvency
46.5%▼
2024 · 55.4%
Current ratio
1.83▼
2024 · 1.84
Quick ratio
1.83▼
2024 · 1.84
Debt / equity
1.15▲
2024 · 0.81
ROE
40.7%▲
2024 · 16.0%
ROA
18.9%▲
2024 · 8.9%
Interest coverage
8.34▲
2024 · 3.62
Debt
€177k▲
2024 · €98k
Debt ≤ 1 year
€173k▲
2024 · €94k
Income taxes
€17k▲
2024 · €1k
Staff costs
€226k▼
2024 · €239k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€219k€331k▲
Fixed assets21/28€46k€15k▼
Intangible fixed assets21€13k€10k▼
Tangible fixed assets22/27€33k€5k▼
Furniture and vehicles24€33k€5k▼
Assets under construction and advance payments27€0-
Financial fixed assets28€465€0▼
Current assets29/58€173k€316k▲
Stocks and contracts in progress3€143€0▼
Stocks30/36€143€0▼
Amounts receivable within one year40/41€82k€101k▲
Trade receivables40€68k€100k▲
Other amounts receivable41€14k€1k▼
Cash at bank and in hand54/58€90k€215k▲
Deferred charges and accrued income490/1€503€266▼
Equity and liabilities
Total equity and liabilities10/49€219k€331k▲
Equity10/15€121k€154k▲
Contributions10/11€6k€6k=
Reserves13€115k€115k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€104k€104k=
Profit (loss) carried forward14€0€33k▲
Amounts payable17/49€98k€177k▲
Amounts payable within one year42/48€94k€173k▲
Trade debts44€16k€52k▲
Suppliers440/4€16k€52k▲
Taxes, remuneration and social security45€48k€43k▼
Taxes450/3€9k€18k▲
Remuneration and social security454/9€39k€25k▼
Other amounts payable47/48€30k€77k▲
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20242025
Non-recurring operating income76A€1k€0▼
Remuneration, social security and pensions62€239k€226k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€9k▼
Other operating charges640/8€988€1k▲
Non-recurring operating charges66A€498€4k▲
Gross operating margin9900€288k€333k▲
Operating profit (loss)9901€34k€92k▲
Financial income75/76B€14€0▼
Recurring financial income75€14€0▼
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€20k€80k▲
Income taxes67/77€1k€17k▲
Profit (loss) for the period9904€19k€63k▲
Profit (loss) for the period to be appropriated9905€19k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€63k▲
Transfer from equity791/2€11k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€30k€30k=
Directors or managers695€30k€30k=
Social balance
Average headcount (FTE)90873.02.7▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €150kEq €154k ▲27%
8 profitable years in a row build equity to €154k.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Weakest financial yearnet €16k ▼65.6%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Equity above €150kEq €168k ▲22.3%
4 profitable years in a row build equity to €168k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €84k ▲7.4%
Operating result €109k, net result €84k, both a record.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
31-12
Financial
Equity above €100kEq €113k ▲19.3%
2 profitable years in a row build equity to €113k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kluisbergen · 1 establishment unit since 2003
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.
Avelgemstraat 179690 KluisbergenGround area
1.4 ha
Building footprint
6,838 m²
Parcel 45043A0411/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Avelgemstraat 17, 9690 Kluisbergen
since 20032.123.652.573
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45043A0411/00E000 | Flanders | 1.4 ha | 1 · 6,838 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 12,019 EUR awarded · 12,019 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,500 EUR | 4,500 EUR |
| 2024 | 1 | 848 EUR | 848 EUR |
| 2023 | 1 | 5,100 EUR | 5,100 EUR |
| 2022 | 1 | 1,571 EUR | 1,571 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKluisbergen2.123.652.573
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Of 409 companies in sector 46110 we hold annual accounts for 173. 129 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-12-2002
Fiscal year end31-12
Activities, NACEBEL
46110Wholesale trade
46389Wholesale of other food products
51110
51384
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.