Orfecorp
ActiveSummary
Orfecorp has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.9m and a net result of €4.7m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+10
Solvency42▲+8
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370,000 at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.8 in 2024; short-term debt: 57.9% and cash: 2.4% of total assets), and 82.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
17.3%
Return on assets
13.9%
Age of the figures
12 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
6 d early
2023
4 d early
2022
9 d early
2021
9 d early
2020
7 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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 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 What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Dilsen-Stokkem, Administrative and support services sector#1 company by equity in Dilsen-Stokkem, Administrative and support services sector
Turnover
€3.7m▼ 1.2%
2024 · €3.8m
EBIT margin
76.0%▲ 2.3pp
2024 · 73.7%
Net result
€4.7m▲ 163%
2024 · €1.8m
Working capital
-€2.5m▼ 312%
2024 · -€612,467
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line20212022202320242025
Turnover€72,279▲ 22.7%€69,553▼ 3.8%€869,030▲ 1,149%€3.8m▲ 333%€3.7m▼ 1.2%
Operating result€2,122▲ 4.0%€4,124▲ 94.3%€192,074▲ 4,558%€2.8m▲ 1,344%€2.8m▲ 2.0%
Net result€1,002within the sector's middle half▲ 1.0%€2,818within the sector's middle half▲ 181%-€541,565below the sector's middle half€1.8mabove the sector's middle half€4.7mabove the sector's middle half▲ 163%
EBIT margin2.9%▼ 0.5pp5.9%▲ 3.0pp22.1%▲ 16.2pp73.7%▲ 51.6pp76.0%▲ 2.3pp
Equity-€8,826below the sector's middle half▲ 10.2%-€6,008below the sector's middle half▲ 31.9%-€547,573below the sector's middle half▼ 9,014%€1.2mwithin the sector's middle half€5.9mabove the sector's middle half▲ 374%
Total assets€72,150below the sector's middle half▲ 6.4%€76,783below the sector's middle half▲ 6.4%€24.1mabove the sector's middle half▲ 31,338%€13.9mabove the sector's middle half▼ 42.5%€34.0mabove the sector's middle half▲ 145%
Debt€80,976▲ 4.3%€82,791▲ 2.2%€24.7m▲ 29,718%€12.6m▼ 48.8%€28.1m▲ 123%
Working capital-€8,826within the sector's middle half▲ 10.2%-€6,008within the sector's middle half▲ 31.9%-€13.3mbelow the sector's middle half▼ 220,782%-€612,467below the sector's middle half▲ 95.4%-€2.5mbelow the sector's middle half▼ 312%
Solvency-12.2%below the sector's middle half▲ 2.3pp-7.8%below the sector's middle half▲ 4.4pp-2.3%below the sector's middle half▲ 5.6pp9.0%below the sector's middle half▲ 11.2pp17.3%within the sector's middle half▲ 8.4pp
Current ratio0.89within the sector's middle half▲ 0.020.93within the sector's middle half▲ 0.040.06below the sector's middle half▼ 0.870.80within the sector's middle half▲ 0.750.87within the sector's middle half▲ 0.07
Return on assets (ROA)1.4%within the sector's middle half▼ 0.1pp3.7%within the sector's middle half▲ 2.3pp-2.2%below the sector's middle half▼ 5.9pp12.9%above the sector's middle half▲ 15.1pp13.9%above the sector's middle half▲ 1.0pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=6within the sector's middle half▲ 500%6.4within the sector's middle half▲ 6.7%6.7within the sector's middle half▲ 4.7%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.0m
Fixed assets
€16.8m ▲ 48.1%
Current assets
€17.2m ▲ 585%
Equity and liabilities €34.0m
Equity
€5.9m ▲ 374%
Debt
€28.1m ▲ 123%
Debt's share of the balance-sheet total falls from 91.0% to 82.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.9m▲
2024 · €2.8m
Cash flow
€4.7m▲
2024 · €1.8m
Debt to equity
4.77▼
2024 · 10.17
ROE
80.0%▼
2024 · 144.1%
Interest coverage
7.52▲
2024 · 4.32
Debt ≤ 1 year
€19.7m▲
2024 · €3.1m
Debt > 1 year
€8.4m▼
2024 · €9.5m
Income taxes
€384,823▲
2024 · €341,044
Staff costs
€612,527▲
2024 · €597,678
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €72,279 | €69,740 | €927,348 | €3.9m | €3.8m | ▼ 1.0% |
| Turnover70 | €72,279 | €69,553 | €869,030 | €3.8m | €3.7m | ▼ 1.2% |
| Other operating income74 | - | €187 | €58,318 | €114,615 | €119,088 | ▲ 3.9% |
| Operating charges60/66A | €70,157 | €65,616 | €735,274 | €1.1m | €1.0m | ▼ 8.5% |
| Goods for resale, raw materials and consumables60 | €31,834 | €27,322 | €21,301 | - | - | - |
| Purchases600/8 | €31,834 | €27,322 | €21,301 | - | - | - |
| Services and other goods61 | €5,213 | €2,760 | €247,954 | €481,430 | €371,668 | ▼ 22.8% |
| Remuneration, social security and pensions62 | €32,457 | €35,344 | €446,309 | €597,678 | €612,527 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €19,043 | €25,460 | €25,813 | ▲ 1.4% |
| Other operating charges640/8 | €653 | €190 | €668 | €678 | €1,777 | ▲ 162% |
| Operating profit (loss)9901 | €2,122 | €4,124 | €192,074 | €2.8m | €2.8m | ▲ 2.0% |
| Financial income75/76B | €87 | - | €75 | €10,554 | €2.7m | ▲ 25,099% |
| Recurring financial income75 | €87 | - | €75 | €10,554 | €36,258 | ▲ 244% |
| Income from current assets751 | - | - | €75 | €10,554 | €36,258 | ▲ 244% |
| Other financial income752/9 | €87 | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €2.6m | - |
| Financial charges65/66B | €1,207 | €1,306 | €733,714 | €652,121 | €387,971 | ▼ 40.5% |
| Recurring financial charges65 | €1,207 | €1,306 | €733,714 | €652,121 | €387,971 | ▼ 40.5% |
| Debt charges650 | €999 | €1,014 | €731,767 | €648,245 | €379,333 | ▼ 41.5% |
| Other financial charges652/9 | €209 | €292 | €1,947 | €3,876 | €8,638 | ▲ 123% |
| Profit (loss) for the period before taxes9903 | €1,002 | €2,818 | -€541,565 | €2.1m | €5.1m | ▲ 139% |
| Income taxes67/77 | - | - | - | €341,044 | €384,823 | ▲ 12.8% |
| Taxes670/3 | - | - | - | €341,044 | €384,823 | ▲ 12.8% |
| Profit (loss) for the period9904 | €1,002 | €2,818 | -€541,565 | €1.8m | €4.7m | ▲ 163% |
| Transfer to tax-exempt reserves689 | - | - | - | €799,900 | €959,880 | ▲ 20.0% |
| Profit (loss) for the period to be appropriated9905 | €1,002 | €2,818 | -€541,565 | €990,268 | €3.8m | ▲ 279% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,150 | €76,783 | €24.1m | €13.9m | €34.0m | ▲ 145% |
| Fixed assets21/28 | - | - | €23.4m | €11.4m | €16.8m | ▲ 48.1% |
| Tangible fixed assets22/27 | - | - | €82,797 | €57,337 | €34,251 | ▼ 40.3% |
| Furniture and vehicles24 | - | - | €82,797 | €57,337 | €34,251 | ▼ 40.3% |
| Financial fixed assets28 | - | - | €23.3m | €11.3m | €16.8m | ▲ 48.6% |
| Affiliated companies280/1 | - | - | €23.3m | €11.3m | €16.8m | ▲ 48.6% |
| Participating interests280 | - | - | €23.3m | €11.3m | €16.8m | ▲ 48.6% |
| Current assets29/58 | €72,150 | €76,783 | €786,346 | €2.5m | €17.2m | ▲ 585% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €35,328 | €23,518 | €541,926 | €1.9m | €15.2m | ▲ 717% |
| Trade receivables40 | €35,328 | €23,518 | €511,991 | €166,989 | €16,471 | ▼ 90.1% |
| Other amounts receivable41 | - | - | €29,935 | €1.7m | €15.2m | ▲ 796% |
| Current investments50/53 | - | - | - | - | €1.2m | - |
| Other investments51/53 | - | - | - | - | €1.2m | - |
| Cash at bank and in hand54/58 | €36,822 | €53,264 | €244,420 | €645,450 | €810,449 | ▲ 25.6% |
| Deferred charges and accrued income490/1 | - | - | - | €219 | €203 | ▼ 7.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,150 | €76,783 | €24.1m | €13.9m | €34.0m | ▲ 145% |
| Equity10/15 | -€8,826 | -€6,008 | -€547,573 | €1.2m | €5.9m | ▲ 374% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | - | - | - | €799,900 | €1.8m | ▲ 120% |
| Tax-exempt reserves132 | - | - | - | €799,900 | €1.8m | ▲ 120% |
| Profit (loss) carried forward14 | -€27,376 | -€24,558 | -€566,123 | €424,145 | €4.1m | ▲ 870% |
| Amounts payable17/49 | €80,976 | €82,791 | €24.7m | €12.6m | €28.1m | ▲ 123% |
| Amounts payable after more than one year17 | - | - | €10.6m | €9.5m | €8.4m | ▼ 11.7% |
| Financial debts170/4 | - | - | €10.6m | €9.5m | €8.4m | ▼ 11.7% |
| Subordinated loans170 | - | - | €575,000 | €575,000 | €575,000 | = |
| Credit institutions173 | - | - | €6.0m | €4.9m | €3.8m | ▼ 22.6% |
| Other loans174 | - | - | €4.0m | €4.0m | €4.0m | = |
| Amounts payable within one year42/48 | €80,976 | €82,791 | €14.1m | €3.1m | €19.7m | ▲ 531% |
| Current portion of amounts payable after more than one year42 | - | - | €1.1m | €1.1m | €1.1m | = |
| Financial debts43 | - | - | €12.0m | €10,189 | €50,230 | ▲ 393% |
| Credit institutions430/8 | - | - | €12.0m | €10,189 | €50,230 | ▲ 393% |
| Trade debts44 | €3,687 | €2,436 | €112,194 | €357,344 | €287,130 | ▼ 19.6% |
| Suppliers440/4 | €3,687 | €2,436 | €112,194 | €357,344 | €287,130 | ▼ 19.6% |
| Taxes, remuneration and social security45 | €9,711 | €11,763 | €100,978 | €109,587 | €113,321 | ▲ 3.4% |
| Taxes450/3 | €4,718 | €4,404 | €14,717 | €21,264 | €7,719 | ▼ 63.7% |
| Remuneration and social security454/9 | €4,993 | €7,358 | €86,261 | €88,323 | €105,602 | ▲ 19.6% |
| Other amounts payable47/48 | €67,579 | €68,592 | €786,016 | €1.5m | €18.2m | ▲ 1,080% |
| Accrued charges and deferred income492/3 | - | - | €61,248 | €51,625 | €65,125 | ▲ 26.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,002 | €2,818 | -€541,565 | €1.8m | €4.7m | ▲ 163% |
| + Depreciation and write-downs630 | - | - | €19,043 | €25,460 | €25,813 | ▲ 1.4% |
| Operating cash flow (approximation) | €1,002 | €2,818 | -€522,523 | €1.8m | €4.7m | ▲ 161% |
| Investment in fixed assets (approximation) | - | - | - | €12.0m | -€5.5m | ▼ 146% |
| Change in cash | - | €16,442 | €191,156 | €401,030 | €164,999 | ▼ 58.9% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Highest result since 2019net €4.7m ▲163%
Operating result €2.8m, net result €4.7m, both a record.
30-09
Financial
Equity above €5mEq €5.9m ▲374%
2 profitable years in a row build equity to €5.9m.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Back to profitnet €1.8m
Net result €1.8m after one loss-making year.
30-09
Financial
Equity above €1mEq €1.2m
Equity rises from -€547,573 to €1.2m.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Weakest financial yearnet -€541,565
Net result drops to -€541,565, the lowest in the series; recovery starts the following year.
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Back to profitnet €992
Net result €992 after one loss-making year.
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Dilsen-Stokkem · 1 establishment unit since 2018
Ground area
1,159 m²
Building footprint
102 m²
Volume, LiDAR
509 m³
Parcel 72032B1037/00D003, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
43
companies at this address
See who is registered here
1 establishment unit
Crescecool
since 20182.280.396.160
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72032B1037/00D003 | Flanders | 1,159 m² | 1 · 102 m² | 8.7 m · 2 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.
Structure & network
Owners and holdings
5 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 5
-
75.2%
-
75.2%
-
75.01%
-
75%
-
75%
According to the annual accounts to 30-09-2025 of Orfecorp 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 128 EUR awarded · 128 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 128 EUR | 128 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
984500EKC88B45CE0I53
Similar companies · same sector, comparable size
ALM GROUP
BE 0892.749.891
Mol · Eq €5,901,385
GraydonCreditsafe Belgium
BE 0422.319.093
Antwerpen · Eq €5,923,083
VANHOEF
BE 0838.605.976
Zoersel · Eq €5,856,166
LEYSSEN BEHEER
BE 0863.398.681
Oudsbergen · Eq €5,851,777
AS Invest
BE 1003.410.857
Heusden-Zolder · Eq €5,966,538
Of 24,518 companies in sector 82990 we hold annual accounts for 9,421. 1,655 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
Founded24-09-2018
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704956210
Also
9925:BE0704956210
Registered
17-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.