ORCS
ActiveSummary
ORCS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €366k and a net result of €17k. Equity is growing by ~55.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-12
Solvency81▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.38 against 3.96 in 2024; short-term debt: 11.1% and cash: 34.6% of total assets), and 44.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
55.8%
Return on assets
2.7%
Age of the figures
15 mo
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
74 d early
2023
1 d early
2022
on the day
2021
18 d early
2020
6 d early
2019
17 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 close25-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€366k▲ 5.0%
2024 · €348k
Total assets
€656k▲ 23.9%
2024 · €529k
Net result
€17k▼ 72.6%
2024 · €64k
Working capital
€173k▼ 35.4%
2024 · €268k
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
Operating result€153k▲ 95.2%€108k▼ 29.5%€288k▲ 167%€96k▼ 66.7%€29k▼ 69.5%
Net result€101k▲ 89.7%€58k▼ 43.0%€214k▲ 270%€64k▼ 70.2%€17k▼ 72.6%
Equity€-21k▲ 83.0%€71k€285k▲ 300%€348k▲ 22.3%€366k▲ 5.0%
Total assets€426k▼ 6.0%€348k▼ 18.3%€488k▲ 40.3%€529k▲ 8.5%€656k▲ 23.9%
Debt€447k▼ 22.4%€277k▼ 38.1%€203k▼ 26.6%€181k▼ 10.8%€290k▲ 60.4%
Working capital€-99k▲ 44.1%€24k€171k▲ 622%€268k▲ 57.3%€173k▼ 35.4%
Staff (FTE)3.1▲ 55.0%3▼ 3.2%3=5.1▲ 70.0%5.7▲ 11.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 70% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €656k
Fixed assets
€410k ▲ 141%
Current assets
€246k ▼ 31.5%
Equity and liabilities €656k
Equity
€366k ▲ 5.0%
Debt
€290k ▲ 60.4%
Debt's share of the balance-sheet total rises from 34.2% to 44.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101k▼
2024 · €166k
Cash flow
€89k▼
2024 · €133k
Current ratio
3.38▼
2024 · 3.96
Debt to equity
0.79▲
2024 · 0.52
ROE
4.8%▼
2024 · 18.2%
ROA
2.7%▼
2024 · 12.0%
Interest coverage
27.43▼
2024 · 50.43
Debt ≤ 1 year
€73k▼
2024 · €91k
Debt > 1 year
€130k▲
2024 · €17k
Income taxes
€6k▼
2024 · €39k
Staff costs
€267k▲
2024 · €208k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €171k | €182k | €208k | €267k | ▲ 28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €66k | €64k | €70k | €72k | ▲ 3.4% |
| Other operating charges640/8 | - | €3k | €2k | €3k | €3k | ▲ 0.9% |
| Gross operating margin9900 | €397k | €348k | €536k | €376k | €371k | ▼ 1.4% |
| Operating profit (loss)9901 | €153k | €108k | €288k | €96k | €29k | ▼ 69.5% |
| Financial income75/76B | - | €1 | €5k | €9k | - | - |
| Recurring financial income75 | - | €1 | €5k | €9k | - | - |
| Financial charges65/66B | - | €9k | €4k | €3k | €6k | ▲ 82.0% |
| Recurring financial charges65 | €12k | €9k | €4k | €3k | €4k | ▲ 12.3% |
| Non-recurring financial charges66B | - | - | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €141k | €99k | €289k | €102k | €23k | ▼ 77.2% |
| Income taxes67/77 | €40k | €41k | €75k | €39k | €6k | ▼ 84.8% |
| Profit (loss) for the period9904 | €101k | €58k | €214k | €64k | €17k | ▼ 72.6% |
| Profit (loss) for the period to be appropriated9905 | €101k | €58k | €214k | €64k | €17k | ▼ 72.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426k | €348k | €488k | €529k | €656k | ▲ 23.9% |
| Fixed assets21/28 | €268k | €203k | €217k | €170k | €410k | ▲ 141% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €266k | €202k | €216k | €165k | €410k | ▲ 148% |
| Land and buildings22 | - | €150k | €113k | €77k | - | - |
| Plant, machinery and equipment23 | - | €39k | €94k | €84k | €161k | ▲ 93.0% |
| Furniture and vehicles24 | - | €13k | €9k | €5k | €19k | ▲ 299% |
| Other tangible fixed assets26 | - | - | - | - | €230k | - |
| Financial fixed assets28 | €1k | €1k | €1k | €5k | €250 | ▼ 95.1% |
| Current assets29/58 | €158k | €145k | €270k | €359k | €246k | ▼ 31.5% |
| Amounts receivable within one year40/41 | €62k | €78k | €202k | €243k | €10k | ▼ 95.7% |
| Trade receivables40 | - | €1k | - | - | - | - |
| Other amounts receivable41 | - | €77k | €202k | €243k | €10k | ▼ 95.7% |
| Cash at bank and in hand54/58 | €96k | €66k | €63k | €85k | €227k | ▲ 168% |
| Deferred charges and accrued income490/1 | - | €460 | €5k | €32k | €8k | ▼ 73.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426k | €348k | €488k | €529k | €656k | ▲ 23.9% |
| Equity10/15 | €-21k | €71k | €285k | €348k | €366k | ▲ 5.0% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €272k | €336k | €353k | ▲ 5.2% |
| Distributable reserves133 | - | €2k | €272k | €336k | €353k | ▲ 5.2% |
| Profit (loss) carried forward14 | €-35k | €57k | - | - | - | - |
| Amounts payable17/49 | €447k | €277k | €203k | €181k | €290k | ▲ 60.4% |
| Amounts payable after more than one year17 | €106k | €74k | €46k | €17k | €130k | ▲ 666% |
| Financial debts170/4 | - | €74k | €46k | €17k | €130k | ▲ 666% |
| Amounts payable within one year42/48 | €257k | €121k | €100k | €91k | €73k | ▼ 19.8% |
| Current portion of amounts payable after more than one year42 | - | €38k | €38k | €38k | €26k | ▼ 31.2% |
| Financial debts43 | - | €4k | - | - | - | - |
| Credit institutions430/8 | - | €4k | - | - | - | - |
| Trade debts44 | €4k | €1k | €7k | €26k | €6k | ▼ 78.8% |
| Suppliers440/4 | - | €1k | €7k | €26k | €6k | ▼ 78.8% |
| Taxes, remuneration and social security45 | - | €5k | €55k | €27k | €31k | ▲ 15.4% |
| Taxes450/3 | - | €5k | €47k | €11k | €555 | ▼ 94.8% |
| Remuneration and social security454/9 | - | - | €8k | €16k | €30k | ▲ 88.0% |
| Other amounts payable47/48 | - | €73k | - | - | €10k | - |
| Accrued charges and deferred income492/3 | - | €81k | €57k | €73k | €87k | ▲ 19.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101k | €58k | €214k | €64k | €17k | ▼ 72.6% |
| + Depreciation and write-downs630 | €76k | €66k | €64k | €70k | €72k | ▲ 3.4% |
| Operating cash flow (approximation) | €177k | €124k | €277k | €133k | €89k | ▼ 32.9% |
| Investment in fixed assets (approximation) | - | €-1k | €-78k | €-22k | €-312k | ▼ 1,290% |
| Change in cash | - | €-30k | €-3k | €22k | €143k | ▲ 558% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €17k ▼72.6%
Net result drops to €17k, the lowest in the series.
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €214k ▲270%
Operating result €288k, net result €214k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 2.71
Current ratio from 1.20 to 2.71; short-term debt falls from €121k to €100k.
30-06
Financial
Equity above €200kEq €285k ▲300%
5 profitable years in a row build equity to €285k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Schilde · 1 establishment unit since 2001
Ground area
910 m²
Building footprint
463 m²
Volume, LiDAR
3,805 m³
Parcel 11922B0536/00A004, Flanders · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Turnhoutsebaan 364, 2970 Schilde
since 20012.228.563.023
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922B0536/00A004 | Flanders | 910 m² | 1 · 463 m² | 14.3 m · 3 fl. |
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
2023 to 2025 · 2 entries · 3,191 EUR awarded · 3,095 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,091 EUR | 995 EUR |
| 2023 | 1 | 2,100 EUR | 2,100 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,630 companies in sector 86220 we hold annual accounts for 7,981. 6,617 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2002
Fiscal year end30-06
Activities, NACEBEL 2025
86220Specialist medical practice
Scores and ratios are computed by Checked and are not a credit decision.