ORELIA
ActiveSummary
ORELIA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18.0m and a net result of -€486,532. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 41% of 1295 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▲+26
Solvency51▼-1
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.75 in 2023; short-term debt: 35.8% and cash: 0% of total assets), and 74.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€486,532
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
15 d early
2022
5 d early
2021
20 d early
2020
32 d early
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?PALMYRA BRANDS · 23 companies
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Financials · fiscal year 2024, full schema
In the rankings
#1 company by total assets in Wommelgem, Construction sector#1 company by equity in Wommelgem, Construction sector
Turnover
€150,500▲ 36.2%
2023 · €110,500
EBIT margin
-62.6%▲ 498.3pp
2023 · -560.9%
Net result
-€486,532▲ 77.8%
2023 · -€2.2m
Working capital
-€9.6m▼ 91.6%
2023 · -€5.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€13.2m€202,992€110,500▼ 45.6%€150,500▲ 36.2%
Operating result-€355,136-€160,615▲ 54.8%€4.7m-€619,813-€94,256▲ 84.8%
Net result€26.3mabove the sector's middle half▲ 11,855%€4.6mabove the sector's middle half▼ 82.7%-€189,769below the sector's middle half-€2.2mbelow the sector's middle half▼ 1,053%-€486,532below the sector's middle half▲ 77.8%
EBIT margin-2.7%2333.3%-560.9%▼ 2894.2pp-62.6%▲ 498.3pp
Equity€38.3mabove the sector's middle half▲ 221%€20.8mabove the sector's middle half▼ 45.5%€20.7mabove the sector's middle half▼ 0.9%€18.5mabove the sector's middle half▼ 10.6%€18.0mabove the sector's middle half▼ 2.6%
Total assets€84.4mabove the sector's middle half▲ 37.9%€70.5mabove the sector's middle half▼ 16.5%€79.3mabove the sector's middle half▲ 12.6%€69.2mabove the sector's middle half▼ 12.8%€70.2mabove the sector's middle half▲ 1.5%
Debt€46.1m▼ 6.4%€49.6m▲ 7.7%€58.7m▲ 18.3%€50.7m▼ 13.6%€52.2m▲ 3.1%
Working capital€43.0mabove the sector's middle half▲ 1,471%€9.3mabove the sector's middle half▼ 78.3%€20.6mabove the sector's middle half▲ 121%-€5.0mbelow the sector's middle half-€9.6mbelow the sector's middle half▼ 91.6%
Solvency45.4%within the sector's middle half▲ 25.9pp29.6%within the sector's middle half▼ 15.8pp26.0%within the sector's middle half▼ 3.5pp26.7%within the sector's middle half▲ 0.7pp25.6%within the sector's middle half▼ 1.1pp
Current ratio28.14above the sector's middle half▲ 26.101.82within the sector's middle half▼ 26.323.49above the sector's middle half▲ 1.670.75below the sector's middle half▼ 2.740.62below the sector's middle half▼ 0.13
Return on assets (ROA)31.2%above the sector's middle half▲ 30.9pp6.5%within the sector's middle half▼ 24.7pp-0.2%below the sector's middle half▼ 6.7pp-3.2%below the sector's middle half▼ 2.9pp-0.7%below the sector's middle half▲ 2.5pp
Staff (FTE)1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €94,256 in 2024 against €619,813 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70.2m
Fixed assets
€54.7m ▲ 1.0%
Current assets
€15.5m ▲ 3.4%
Equity and liabilities €70.2m
Equity
€18.0m ▼ 2.6%
Debt
€52.2m ▲ 3.1%
Debt's share of the balance-sheet total rises from 73.3% to 74.4%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
0.57▼
2023 · 0.69
Debt to equity
2.90▲
2023 · 2.74
ROE
-2.7%▲
2023 · -11.8%
Debt ≤ 1 year
€25.1m▲
2023 · €20.0m
Debt > 1 year
€24.9m▼
2023 · €28.8m
Income taxes
€0▼
2023 · €44,452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €268,155 | €6.3m | €174,131 | €320,970 | ▲ 84.3% |
| Turnover70 | €13.2m | - | €202,992 | €110,500 | €150,500 | ▲ 36.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €73,116 | €16,645 | €23,007 | €10,312 | ▼ 55.2% |
| Other operating income74 | - | €185,039 | €6.1m | €13,713 | €24,654 | ▲ 79.8% |
| Non-recurring operating income76A | - | €10,000 | - | €26,910 | €135,505 | ▲ 404% |
| Operating charges60/66A | - | €428,771 | €1.5m | €793,944 | €415,227 | ▼ 47.7% |
| Goods for resale, raw materials and consumables60 | - | €93,037 | €26,831 | €41,149 | €17,766 | ▼ 56.8% |
| Purchases600/8 | - | €93,037 | €26,831 | €41,149 | €17,766 | ▼ 56.8% |
| Services and other goods61 | - | €333,263 | €643,782 | €574,843 | €394,687 | ▼ 31.3% |
| Remuneration, social security and pensions62 | - | €49 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,793 | €937 | €558 | €279 | - | - |
| Other operating charges640/8 | - | €1,485 | €800,967 | €20,418 | €2,775 | ▼ 86.4% |
| Non-recurring operating charges66A | - | - | €70,000 | €157,255 | - | - |
| Operating profit (loss)9901 | -€355,136 | -€160,615 | €4.7m | -€619,813 | -€94,256 | ▲ 84.8% |
| Financial income75/76B | - | €4.6m | €1.7m | €2.6m | €2.5m | ▼ 5.3% |
| Recurring financial income75 | €7.1m | €4.6m | €1.7m | €2.6m | €2.5m | ▼ 5.3% |
| Income from financial fixed assets750 | - | €1.7m | €621,222 | €743,944 | - | - |
| Income from current assets751 | - | €1.0m | €991,331 | €1.9m | €2.5m | ▲ 31.7% |
| Other financial income752/9 | - | €1.9m | €74,446 | €0 | €12,318 | ▲ 123,181,900% |
| Financial charges65/66B | - | -€157,102 | €6.5m | €4.1m | €2.9m | ▼ 30.7% |
| Recurring financial charges65 | €8.4m | -€157,102 | €6.5m | €4.1m | €2.9m | ▼ 30.7% |
| Debt charges650 | €1.3m | €1.2m | €1.8m | €2.7m | €2.8m | ▲ 1.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | -€1.9m | €3.2m | -€3.2m | - | - |
| Other financial charges652/9 | - | €530,378 | €1.4m | €4.6m | €84,840 | ▼ 98.2% |
| Profit (loss) for the period before taxes9903 | €26.4m | €4.6m | -€45,996 | -€2.1m | -€486,532 | ▲ 77.3% |
| Income taxes67/77 | €69,492 | €73,736 | €143,772 | €44,452 | €0 | ▼ 100.0% |
| Taxes670/3 | - | €73,736 | €143,772 | €44,452 | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | €26.3m | €4.6m | -€189,769 | -€2.2m | -€486,532 | ▲ 77.8% |
| Profit (loss) for the period to be appropriated9905 | €26.3m | €4.6m | -€189,769 | -€2.2m | -€486,532 | ▲ 77.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84.4m | €70.5m | €79.3m | €69.2m | €70.2m | ▲ 1.5% |
| Fixed assets21/28 | €39.8m | €49.8m | €50.5m | €54.2m | €54.7m | ▲ 1.0% |
| Intangible fixed assets21 | €380 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,394 | €836 | €279 | - | - | - |
| Furniture and vehicles24 | - | €836 | €279 | - | - | - |
| Financial fixed assets28 | €39.8m | €49.8m | €50.5m | €54.2m | €54.7m | ▲ 1.0% |
| Affiliated companies280/1 | - | €49.8m | €50.5m | €54.2m | €54.7m | ▲ 1.0% |
| Participating interests280 | - | €33.4m | €36.8m | €37.1m | €37.1m | ▲ 0.1% |
| Amounts receivable281 | - | €16.4m | €13.6m | €17.1m | €17.6m | ▲ 3.1% |
| Current assets29/58 | €44.6m | €20.7m | €28.9m | €15.0m | €15.5m | ▲ 3.4% |
| Stocks and contracts in progress3 | €24,186 | €1.6m | €1.2m | €1.2m | €1.2m | ▼ 1.1% |
| Stocks30/36 | - | €24,186 | €24,186 | €24,186 | - | - |
| Goods purchased for resale34 | - | €24,186 | €24,186 | €24,186 | - | - |
| Contracts in progress37 | - | €1.5m | €1.2m | €1.2m | €1.2m | ▲ 0.9% |
| Amounts receivable within one year40/41 | €1.3m | €1.6m | €1.6m | €11.8m | €11.8m | ▲ 0.1% |
| Trade receivables40 | - | €213,695 | €85,070 | €29,425 | €86,737 | ▲ 195% |
| Other amounts receivable41 | - | €1.3m | €1.6m | €11.8m | €11.8m | ▼ 0.4% |
| Current investments50/53 | €36.5m | €10.7m | €24.9m | - | - | - |
| Other investments51/53 | - | €10.7m | €24.9m | - | - | - |
| Cash at bank and in hand54/58 | €3.6m | €5.9m | €434,485 | €52,996 | €5,786 | ▼ 89.1% |
| Deferred charges and accrued income490/1 | - | €972,158 | €756,735 | €1.9m | €2.5m | ▲ 29.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84.4m | €70.5m | €79.3m | €69.2m | €70.2m | ▲ 1.5% |
| Equity10/15 | €38.3m | €20.8m | €20.7m | €18.5m | €18.0m | ▼ 2.6% |
| Contributions10/11 | €17.0m | €17.0m | €17.0m | €17.0m | €17.0m | = |
| Capital10 | - | €17.0m | €17.0m | €17.0m | €17.0m | = |
| Issued capital100 | - | €17.0m | €17.0m | €17.0m | €17.0m | = |
| Reserves13 | €1.2m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Non-distributable reserves130/1 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Legal reserve130 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Profit (loss) carried forward14 | €20.1m | €2.4m | €2.2m | €41,206 | -€445,326 | ▼ 1,181% |
| Amounts payable17/49 | €46.1m | €49.6m | €58.7m | €50.7m | €52.2m | ▲ 3.1% |
| Amounts payable after more than one year17 | €44.1m | €37.9m | €49.3m | €28.8m | €24.9m | ▼ 13.5% |
| Financial debts170/4 | - | €37.9m | €49.3m | €28.8m | €24.9m | ▼ 13.5% |
| Subordinated loans170 | - | €13.0m | €14.6m | €7.9m | €7.9m | = |
| Credit institutions173 | - | €9.4m | €14.7m | €902,087 | €682,960 | ▼ 24.3% |
| Other loans174 | - | €15.4m | €20.0m | €20.0m | €16.3m | ▼ 18.3% |
| Amounts payable within one year42/48 | €1.6m | €11.4m | €8.3m | €20.0m | €25.1m | ▲ 25.5% |
| Current portion of amounts payable after more than one year42 | - | €4.0m | €4.2m | €9.0m | €5.2m | ▼ 42.0% |
| Financial debts43 | - | €84,000 | €3.7m | €10.5m | €19.8m | ▲ 88.3% |
| Credit institutions430/8 | - | €84,000 | - | €500,000 | €500,000 | = |
| Other loans439 | - | - | €3.7m | €10.0m | €19.3m | ▲ 92.7% |
| Trade debts44 | €351,500 | €691,996 | €256,021 | €449,972 | €43,824 | ▼ 90.3% |
| Suppliers440/4 | - | €691,996 | €256,021 | €449,972 | €43,824 | ▼ 90.3% |
| Other amounts payable47/48 | - | €6.6m | €76,134 | €76,134 | €98,886 | ▲ 29.9% |
| Accrued charges and deferred income492/3 | - | €421,695 | €1.1m | €1.9m | €2.2m | ▲ 17.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26.3m | €4.6m | -€189,769 | -€2.2m | -€486,532 | ▲ 77.8% |
| + Depreciation and write-downs630 | €1,793 | €937 | €558 | €279 | - | - |
| Operating cash flow (approximation) | €26.3m | €4.6m | -€189,211 | -€2.2m | -€486,532 | ▲ 77.8% |
| Investment in fixed assets (approximation) | - | -€10.0m | -€648,879 | -€3.7m | -€555,295 | ▲ 85.0% |
| Change in cash | - | €2.3m | -€5.5m | -€381,489 | -€47,210 | ▲ 87.6% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€2.2m
Net result drops to -€2.2m, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €26.3m ▲11,855%
Net result €26.3m, the highest in the series.
31-12
Financial
Liquidity times 14current ratio 28.14
Current ratio from 2.05 to 28.14; short-term debt falls from €2.6m to €1.6m.
31-12
Financial
Equity above €25mEq €38.3m ▲221%
2 profitable years in a row build equity to €38.3m.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €220,344
Net result €220,344 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 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
21 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, Wommelgem · 1 establishment unit since 2007
Ground area
6,010 m²
Building footprint
2,107 m²
Volume, LiDAR
20,576 m³
Parcel 11052C0025/00N002, Flanders · tallest building 18.0 m, ±3 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
R&S Projects
since 20072.162.587.185
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0025/00N002 | Flanders | 6,010 m² | 1 · 2,107 m² | 18.0 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Part of the group
PALMYRA BRANDS
23 companies
Group, risk and exposure
Owners and holdings
1 owner · 8 holdings · 10 subsidiaries in the treeChain of control
- PALMYRA BRANDS
- ORELIA GROUP
- ORELIA
Highest known parent: PALMYRA BRANDS. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 8
-
100%
- ORELIA PROPERTIESsubsidiaryEquity €8.6mResult -€303,359100%
- ORELIA THUISZORGsubsidiaryEquity -€50,948Result -€6,133100%
-
100%
-
100%
-
100%
-
100%
-
99.99%
All subsidiaries, including indirect ones 10
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- ORELIA PROPERTIES 100%
- ORELIA THUISZORG 100%
ORELIA ZORG 100%1 subsidiary
- ORELIA TER BEUKEN 100%
- PROEDIF 100%
- WZC SCHOTEN 100%
- WZC TER ODE 100%
- ORELIA BOUW 99.99%
According to the 2024 annual accounts of ORELIA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
875500WGCGZAV47ZGN36
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Identification & contact
Identification
Legal formPublic limited company
Founded02-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889137038
Also
9925:BE0889137038
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.