ORHAN
ActiveSummary
The computed 12-month bankruptcy probability of ORHAN is 2.0% (moderate). The 2024 annual accounts show negative equity (-€220,020) and a net result of -€17,154. Equity is shrinking by ~9% per year across the filed fiscal years. The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 46 days before 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
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
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 2,338 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €9,800 | €14,400 | €15,400 | €14,000 | €17,000 | ▲ 21.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €4,791 | €1,721 | €2,404 | €7,680 | ▲ 219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,993 | €13,993 | €13,993 | €13,993 | €13,993 | = |
| Other operating charges640/8 | - | €2,408 | €2,438 | €2,696 | €2,791 | ▲ 3.5% |
| Gross operating margin9900 | €7,930 | €9,609 | €13,679 | €11,596 | €10,353 | ▼ 10.7% |
| Operating profit (loss)9901 | -€8,455 | -€6,792 | -€2,752 | -€5,092 | -€6,431 | ▼ 26.3% |
| Financial charges65/66B | - | €10,708 | €10,714 | €10,708 | €10,723 | ▲ 0.1% |
| Recurring financial charges65 | €10,697 | €10,708 | €10,714 | €10,708 | €10,723 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | -€19,153 | -€17,500 | -€13,466 | -€15,800 | -€17,154 | ▼ 8.6% |
| Profit (loss) for the period9904 | -€19,153 | -€17,500 | -€13,466 | -€15,800 | -€17,154 | ▼ 8.6% |
| Profit (loss) for the period to be appropriated9905 | -€19,153 | -€17,500 | -€13,466 | -€15,800 | -€17,154 | ▼ 8.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355,386 | €340,295 | €326,511 | €315,263 | €301,147 | ▼ 4.5% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €354,281 | €340,288 | €326,295 | €312,303 | €298,310 | ▼ 4.5% |
| Tangible fixed assets22/27 | €354,281 | €340,288 | €326,295 | €312,303 | €298,310 | ▼ 4.5% |
| Land and buildings22 | - | €340,288 | €326,295 | €312,303 | €298,310 | ▼ 4.5% |
| Current assets29/58 | €1,106 | €7 | €215 | €2,960 | €2,837 | ▼ 4.2% |
| Cash at bank and in hand54/58 | €557 | €7 | €215 | €1,104 | €2,837 | ▲ 157% |
| Deferred charges and accrued income490/1 | - | - | - | €1,856 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355,386 | €340,295 | €326,511 | €315,263 | €301,147 | ▼ 4.5% |
| Equity10/15 | -€156,100 | -€173,600 | -€187,067 | -€202,866 | -€220,020 | ▼ 8.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€162,300 | -€179,800 | -€193,267 | -€209,066 | -€226,220 | ▼ 8.2% |
| Amounts payable17/49 | €511,487 | €513,895 | €513,577 | €518,129 | €521,167 | ▲ 0.6% |
| Amounts payable after more than one year17 | €510,000 | €510,000 | €510,000 | €510,000 | €510,000 | = |
| Financial debts170/4 | - | €510,000 | €510,000 | €510,000 | €510,000 | = |
| Amounts payable within one year42/48 | €1,487 | €3,895 | €3,577 | €8,129 | €9,767 | ▲ 20.1% |
| Trade debts44 | - | €2,408 | - | €4,552 | €2,771 | ▼ 39.1% |
| Suppliers440/4 | - | €2,408 | - | €4,552 | €2,771 | ▼ 39.1% |
| Other amounts payable47/48 | - | €1,487 | €3,577 | €3,577 | €6,996 | ▲ 95.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,400 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,153 | -€17,500 | -€13,466 | -€15,800 | -€17,154 | ▼ 8.6% |
| + Depreciation and write-downs630 | €13,993 | €13,993 | €13,993 | €13,993 | €13,993 | = |
| Operating cash flow (approximation) | -€5,160 | -€3,507 | €526 | -€1,807 | -€3,161 | ▼ 74.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€550 | €209 | €889 | €1,733 | ▲ 95.0% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006C0321/00W002 | Wallonia | 1,416 m² | 1 · 54 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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