ORECAH
InactiveORECAH was declared bankrupt on 12-04-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 04-02-2025, published in the Belgian State Gazette on 12-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-08-2021, 27 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
27 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 44 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
-€49,609
2019 · €10,819
Total assets
€160,632▼ 24.1%
2019 · €211,621
Net result
-€60,428
2019 · €5,819
Working capital
-€83,083▼ 225%
2019 · -€25,594
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
Line20192020
Operating result€9,323--€56,473
Net result€5,819--€60,428
Equity€10,819--€49,609
Total assets€211,621-€160,632▼ 24.1%
Debt€200,802-€210,240▲ 4.7%
Working capital-€25,594--€83,083▼ 225%
Staff (FTE)6.6-4▼ 39.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €56,473 after €9,323 in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €160,632
Fixed assets
€33,474 ▼ 8.1%
Current assets
€127,158 ▼ 27.4%
Key figures and ratios
EBITDA
-€51,649▼
2019 · €13,530
Cash flow
-€55,603▼
2019 · €10,026
Solvency
-30.9%▼
2019 · 5.1%
Current ratio
0.60▼
2019 · 0.87
ROA
-37.6%▼
2019 · 2.7%
Debt ≤ 1 year
€210,240▲
2019 · €200,802
Income taxes
€184▼
2019 · €2,922
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,207 | €4,825 | ▲ 14.7% |
| Gross operating margin9900 | €129,296 | €37,889 | ▼ 70.7% |
| Operating profit (loss)9901 | €9,323 | -€56,473 | ▼ 706% |
| Recurring financial income75 | - | €9 | - |
| Recurring financial charges65 | €582 | €3,780 | ▲ 549% |
| Profit (loss) for the period before taxes9903 | €8,741 | -€60,244 | ▼ 789% |
| Income taxes67/77 | €2,922 | €184 | ▼ 93.7% |
| Profit (loss) for the period9904 | €5,819 | -€60,428 | ▼ 1,138% |
| Profit (loss) for the period to be appropriated9905 | €5,819 | -€60,428 | ▼ 1,138% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €211,621 | €160,632 | ▼ 24.1% |
| Fixed assets21/28 | €36,413 | €33,474 | ▼ 8.1% |
| Intangible fixed assets21 | €36,000 | €32,000 | ▼ 11.1% |
| Tangible fixed assets22/27 | €413 | €1,474 | ▲ 257% |
| Current assets29/58 | €175,208 | €127,158 | ▼ 27.4% |
| Amounts receivable within one year40/41 | €151,146 | €117,585 | ▼ 22.2% |
| Cash at bank and in hand54/58 | €2,163 | €9,266 | ▲ 328% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €211,621 | €160,632 | ▼ 24.1% |
| Equity10/15 | €10,819 | -€49,609 | ▼ 559% |
| Reserves13 | €5,819 | €5,819 | = |
| Profit (loss) carried forward14 | - | -€60,428 | - |
| Amounts payable17/49 | €200,802 | €210,240 | ▲ 4.7% |
| Amounts payable within one year42/48 | €200,802 | €210,240 | ▲ 4.7% |
| Trade debts44 | €123,994 | €84,400 | ▼ 31.9% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,819 | -€60,428 | ▼ 1,138% |
| + Depreciation and write-downs630 | €4,207 | €4,825 | ▲ 14.7% |
| Operating cash flow (approximation) | €10,026 | -€55,603 | ▼ 655% |
| Investment in fixed assets (approximation) | - | -€1,886 | - |
| Change in cash | - | €7,103 | - |
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
2025
12-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 04-02-2025
2022
19-04
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 12-04-2022
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON PROOST VICTOR NONNEMANSTRAAT 15 B,
1600 SINT-PIETERS-LEEUW |
12-04-2022 → 04-02-2025 |