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ORIENT OVERSEAS DEVELOPMENTS

Active
Private limited companyfounded 2013active for 13 yearsLage Kaart 176, 2930 Brasschaat, BelgiumKBO/BCE: BE 0502.646.971
Summary

ORIENT OVERSEAS DEVELOPMENTS has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,917 and a net result of €14,920. Equity is growing by about 85% per year across the filed financial years. Its solvency ranks better than 95% of 5,625 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€69,917▲ 27.1%
2024 · €54,997
Total assets
€75,594▲ 31.8%
2024 · €57,347
Net result
€14,920▲ 7.5%
2024 · €13,878
Working capital
€69,917▲ 27.5%
2024 · €54,853
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 13% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€19,788 2025 Net result€14,920 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€5,403--€479▲ 91.1%€5,252€6,171▲ 17.5%€11,972▲ 94.0%€19,368▲ 61.8%€17,498▼ 9.7%€19,788▲ 13.1%
Net result-€5,402--€594▲ 89.0%€5,193within the sector's middle half€6,031within the sector's middle half▲ 16.1%€11,818within the sector's middle half▲ 96.0%€16,994above the sector's middle half▲ 43.8%€13,878within the sector's middle half▼ 18.3%€14,920within the sector's middle half▲ 7.5%
Equity€1,676-€1,083▼ 35.4%€6,276within the sector's middle half▲ 480%€12,307within the sector's middle half▲ 96.1%€24,125within the sector's middle half▲ 96.0%€41,119within the sector's middle half▲ 70.4%€54,997within the sector's middle half▲ 33.8%€69,917above the sector's middle half▲ 27.1%
Total assets€1,777-€1,924▲ 8.3%€10,565below the sector's middle half▲ 449%€15,416below the sector's middle half▲ 45.9%€27,531within the sector's middle half▲ 78.6%€43,516within the sector's middle half▲ 58.1%€57,347within the sector's middle half▲ 31.8%€75,594within the sector's middle half▲ 31.8%
Debt€101-€842▲ 732%€4,289▲ 410%€3,110▼ 27.5%€3,406▲ 9.5%€2,397▼ 29.6%€2,350▼ 2.0%€5,677▲ 142%
Working capital€672-€222▼ 67.0%€5,559within the sector's middle half▲ 2,407%€11,733within the sector's middle half▲ 111%€23,694within the sector's middle half▲ 102%€40,832above the sector's middle half▲ 72.3%€54,853above the sector's middle half▲ 34.3%€69,917above the sector's middle half▲ 27.5%
Solvency59.4%above the sector's middle half79.8%above the sector's middle half▲ 20.4pp87.6%above the sector's middle half▲ 7.8pp94.5%above the sector's middle half▲ 6.9pp95.9%above the sector's middle half▲ 1.4pp92.5%above the sector's middle half▼ 3.4pp
Current ratio2.30within the sector's middle half4.77above the sector's middle half▲ 2.487.96above the sector's middle half▲ 3.1818.03above the sector's middle half▲ 10.0824.34above the sector's middle half▲ 6.3113.32above the sector's middle half▼ 11.03
Return on assets (ROA)49.2%above the sector's middle half39.1%above the sector's middle half▼ 10.0pp42.9%above the sector's middle half▲ 3.8pp39.1%above the sector's middle half▼ 3.9pp24.2%above the sector's middle half▼ 14.9pp19.7%above the sector's middle half▼ 4.5pp
above within below the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €75,594
Equity €69,917 ▲ 27.1%
Debt €5,677 ▲ 142%
Debt's share of the balance-sheet total rises from 4.1% to 7.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€19,931▲
2024 · €17,642
Cash flow
€15,064▲
2024 · €14,022
Quick ratio
13.30▼
2024 · 24.31
Debt to equity
0.08▲
2024 · 0.04
ROE
21.3%▼
2024 · 25.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€5,677▲
2024 · €2,350
Income taxes
€5,043▲
2024 · €3,470
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€57,347€75,594▲
Fixed assets21/28€144-
Tangible fixed assets22/27€144-
Plant, machinery and equipment23€144-
Current assets29/58€57,203€75,594▲
Stocks and contracts in progress3€71€91▲
Stocks30/36€71€91▲
Amounts receivable within one year40/41€2,849€3,503▲
Trade receivables40-€992
Other amounts receivable41€2,849€2,511▼
Cash at bank and in hand54/58€54,283€71,008▲
Deferred charges and accrued income490/1-€992
Equity and liabilities
Total equity and liabilities10/49€57,347€75,594▲
Equity10/15€54,997€69,917▲
Contributions10/11€18,600€18,600=
Reserves13€36,397€51,317▲
Distributable reserves133€36,397€51,317▲
Amounts payable17/49€2,350€5,677▲
Amounts payable within one year42/48€2,350€5,677▲
Trade debts44€12€2,460▲
Suppliers440/4€12€2,460▲
Taxes, remuneration and social security45€1,707€2,466▲
Taxes450/3€1,707€2,466▲
Other amounts payable47/48€631€751▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144€144=
Other operating charges640/8€118€120▲
Gross operating margin9900€17,760€20,051▲
Operating profit (loss)9901€17,498€19,788▲
Financial income75/76B-€365
Recurring financial income75-€365
Financial charges65/66B€150€190▲
Recurring financial charges65€150€190▲
Profit (loss) for the period before taxes9903€17,348€19,963▲
Income taxes67/77€3,470€5,043▲
Profit (loss) for the period9904€13,878€14,920▲
Profit (loss) for the period to be appropriated9905€13,878€14,920▲
Appropriation of the result
Profit (loss) to be appropriated9906€13,878€14,920▲
Transfer to equity691/2€13,878€14,920▲
To other reserves6921€13,878€14,920▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€402€144€144€144€144€144€144€144=
Other operating charges640/8---€101€102€109€118€120▲ 1.7%
Gross operating margin9900-€538-€237€5,496€6,416€12,218€19,621€17,760€20,051▲ 12.9%
Operating profit (loss)9901-€5,403-€479€5,252€6,171€11,972€19,368€17,498€19,788▲ 13.1%
Financial income75/76B-------€365-
Recurring financial income75€119-€15----€365-
Financial charges65/66B---€141€155€153€150€190▲ 26.3%
Recurring financial charges65€118€115€74€141€155€153€150€190▲ 26.3%
Profit (loss) for the period before taxes9903-€5,402-€594€5,193€6,031€11,818€19,215€17,348€19,963▲ 15.1%
Income taxes67/77-----€2,221€3,470€5,043▲ 45.3%
Profit (loss) for the period9904-€5,402-€594€5,193€6,031€11,818€16,994€13,878€14,920▲ 7.5%
Profit (loss) for the period to be appropriated9905-€5,402-€594€5,193€6,031€11,818€16,994€13,878€14,920▲ 7.5%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1,777€1,924€10,565€15,416€27,531€43,516€57,347€75,594▲ 31.8%
Fixed assets21/28€1,005€861€718€574€431€287€144--
Tangible fixed assets22/27€1,005€861€718€574€431€287€144--
Plant, machinery and equipment23---€574€431€287€144--
Current assets29/58€773€1,063€9,847€14,842€27,100€43,229€57,203€75,594▲ 32.2%
Stocks and contracts in progress3€261€106€75€90€73€91€71€91▲ 27.1%
Stocks30/36---€90€73€91€71€91▲ 27.1%
Amounts receivable within one year40/41€314-€860-€1,854€2,976€2,849€3,503▲ 23.0%
Trade receivables40-----€136-€992-
Other amounts receivable41----€1,854€2,840€2,849€2,511▼ 11.8%
Cash at bank and in hand54/58€198€958€8,912€14,522€24,960€40,162€54,283€71,008▲ 30.8%
Deferred charges and accrued income490/1---€230€214--€992-
Equity and liabilities
Total equity and liabilities10/49€1,777€1,924€10,565€15,416€27,531€43,516€57,347€75,594▲ 31.8%
Equity10/15€1,676€1,083€6,276€12,307€24,125€41,119€54,997€69,917▲ 27.1%
Contributions10/11€18,600€18,600€18,600€18,600€18,600€18,600€18,600€18,600=
Reserves13----€5,525€22,519€36,397€51,317▲ 41.0%
Distributable reserves133----€5,525€22,519€36,397€51,317▲ 41.0%
Profit (loss) carried forward14-€16,924-€17,517-€12,324-€6,293-----
Amounts payable17/49€101€842€4,289€3,110€3,406€2,397€2,350€5,677▲ 142%
Amounts payable within one year42/48€101€842€4,289€3,110€3,406€2,397€2,350€5,677▲ 142%
Trade debts44€101€281€1,199€528€95€799€12€2,460▲ 20,231%
Suppliers440/4---€528€95€799€12€2,460▲ 20,231%
Taxes, remuneration and social security45---€792€1,521€808€1,707€2,466▲ 44.5%
Taxes450/3---€792€1,521€808€1,707€2,466▲ 44.5%
Other amounts payable47/48---€1,790€1,790€790€631€751▲ 19.0%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€5,402-€594€5,193€6,031€11,818€16,994€13,878€14,920▲ 7.5%
+ Depreciation and write-downs630€402€144€144€144€144€144€144€144=
Operating cash flow (approximation)-€5,000-€450€5,337€6,174€11,961€17,137€14,022€15,064▲ 7.4%
Investment in fixed assets (approximation)-€0€0€0€0€0€0--
Change in cash-€760€7,954€5,610€10,437€15,202€14,121€16,725▲ 18.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 13 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 06-07-2026 2026-00257233
31-12-2024 micro format 03-07-2025 2025-00227039
31-12-2023 micro format 04-07-2024 2024-00208389
31-12-2022 micro format 14-07-2023 2023-00236638
31-12-2021 micro format 03-06-2022 2022-20045944
31-12-2020 micro format 04-06-2021 2021-17300265
31-12-2019 micro format 05-06-2020 2020-14900357
31-12-2018 micro format 14-06-2019 2019-18500260
31-12-2017 micro format 10-07-2018 2018-33000114
31-12-2016 micro format 05-07-2017 2017-27600309

Show all 13 filings

Similar companies · same sector, comparable size

Of the 6,644 active companies whose main activity is day spas, saunas and steam baths (NACE 96230), figures are known for 625. 468 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €2,000 awarded · €2,000 paid
Schemes
1 entry · €2,000 · €2,000 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.