ORIGIN
ActiveSummary
ORIGIN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+8
Solvency35▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.76 in 2024; short-term debt: 83.3% and cash: 5.8% of total assets), and 90% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
10%
Return on assets
7.1%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-03-2026, 149 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
149 d early
2024
14 d early
2023
14 d early
2022
55 d early
2021
69 d early
2020
75 d early
2019
73 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 57.3%
2024 · €43k
2018: €5k
2019: €-586▼ -112% vs 2018lowest in 8 years
2020: €31k▲ +5315% vs 2019
2021: €63k▲ +105% vs 2020
2022: €79k▲ +26.2% vs 2021highest in 8 years
2023: €66k▼ -15.8% vs 2022
2024: €43k▼ -34.7% vs 2023
2025: €19k▼ -57.3% vs 2024
2018 → 2025
Total assets
€186k▼ 1.9%
2024 · €190k
2018: €248k
2019: €262k▲ +5.9% vs 2018
2020: €172k▼ -34.6% vs 2019lowest in 8 years
2021: €176k▲ +2.5% vs 2020
2022: €282k▲ +60.1% vs 2021highest in 8 years
2023: €232k▼ -17.7% vs 2022
2024: €190k▼ -18.2% vs 2023
2025: €186k▼ -1.9% vs 2024
2018 → 2025
Net result
€13k▲ 584%
2024 · €2k
2018: €-7klowest in 8 years
2019: €-6k▲ +23.8% vs 2018
2020: €31k▲ +654% vs 2019
2021: €44k▲ +41.5% vs 2020highest in 8 years
2022: €16k▼ -62.8% vs 2021
2023: €-2k▼ -115% vs 2022
2024: €2k▲ +178% vs 2023
2025: €13k▲ +584% vs 2024
2018 → 2025
Working capital
€-29k▲ 9.4%
2024 · €-32k
2018: €-35k
2019: €-52k▼ -47.1% vs 2018
2020: €-52k▼ -0.5% vs 2019lowest in 8 years
2021: €-23k▲ +56.4% vs 2020
2022: €-18k▲ +21.8% vs 2021highest in 8 years
2023: €-30k▼ -68.1% vs 2022
2024: €-32k▼ -8.2% vs 2023
2025: €-29k▲ +9.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€79k▲ 26.2%€66k▼ 15.8%€43k▼ 34.7%€19k▼ 57.3%
2021: €63k
2022: €79k▲ +26.2% vs 2021highest in 5 years
2023: €66k▼ -15.8% vs 2022
2024: €43k▼ -34.7% vs 2023
2025: €19k▼ -57.3% vs 2024lowest in 5 years
Operating result€64k-€31k▼ 52.0%€5k▼ 82.3%€9k▲ 57.0%€24k▲ 183%
2021: €64khighest in 5 years
2022: €31k▼ -52.0% vs 2021
2023: €5k▼ -82.3% vs 2022lowest in 5 years
2024: €9k▲ +57.0% vs 2023
2025: €24k▲ +183% vs 2024
Net result€44k-€16k▼ 62.8%€-2k€2k€13k▲ 584%
2021: €44khighest in 5 years
2022: €16k▼ -62.8% vs 2021
2023: €-2k▼ -115% vs 2022lowest in 5 years
2024: €2k▲ +178% vs 2023
2025: €13k▲ +584% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 183% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€60k ▼ 31.5%
Current assets
€126k ▲ 23.6%
Equity and liabilities €186k
Equity
€19k ▼ 57.3%
Debt
€168k ▲ 14.5%
Debt's share of the balance-sheet total rises from 77.1% to 90.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52k▲
2024 · €36k
Cash flow
€41k▲
2024 · €30k
Current ratio
0.81▲
2024 · 0.76
Debt to equity
9.03▲
2024 · 3.37
ROE
71.7%▲
2024 · 4.5%
ROA
7.1%▲
2024 · 1.0%
Interest coverage
12.37▲
2024 · 8.18
Debt ≤ 1 year
€155k▲
2024 · €134k
Debt > 1 year
€12k▲
2024 · €12k
Income taxes
€7k▲
2024 · €4k
Staff costs
€48k▼
2024 · €82k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€190k€186k▼
Fixed assets21/28€88k€60k▼
Intangible fixed assets21€67k€48k▼
Tangible fixed assets22/27€21k€13k▼
Furniture and vehicles24€21k€13k▼
Current assets29/58€102k€126k▲
Amounts receivable within one year40/41€93k€110k▲
Trade receivables40€88k€97k▲
Other amounts receivable41€5k€13k▲
Cash at bank and in hand54/58€0€11k▲
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€190k€186k▼
Equity10/15€43k€19k▼
Contributions10/11€19k€19k=
Reserves13€25k€0▼
Distributable reserves133€25k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€146k€168k▲
Amounts payable after more than one year17€12k€12k▲
Financial debts170/4€12k€12k▲
Amounts payable within one year42/48€134k€155k▲
Current portion of amounts payable after more than one year42€7k€22k▲
Financial debts43€16k€0▼
Credit institutions430/8€16k€0▼
Trade debts44€87k€79k▼
Suppliers440/4€87k€79k▼
Taxes, remuneration and social security45€17k€16k▼
Taxes450/3€12k€10k▼
Remuneration and social security454/9€6k€6k▲
Other amounts payable47/48€6k€38k▲
Income statement
Code20242025
Remuneration, social security and pensions62€82k€48k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€19k▲
Other operating charges640/8€1k€778▼
Gross operating margin9900€116k€120k▲
Operating profit (loss)9901€9k€24k▲
Financial income75/76B€2k€633▼
Recurring financial income75€2k€633▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€6k€21k▲
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€2k€13k▲
Profit (loss) for the period to be appropriated9905€2k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€13k▲
Transfer from equity791/2€25k€25k▼
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Profit to be distributed694/7€25k€38k▲
Return on contributions (dividend)694€25k€38k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €39k | €63k | €100k | €82k | €48k | ▼ 41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €23k | €29k | €28k | €28k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | €4k | €-4k | €19k | ▲ 525% |
| Other operating charges640/8 | €3k | €3k | €1k | €1k | €778 | ▼ 42.1% |
| Gross operating margin9900 | €127k | €123k | €140k | €116k | €120k | ▲ 3.9% |
| Operating profit (loss)9901 | €64k | €31k | €5k | €9k | €24k | ▲ 183% |
| Financial income75/76B | €2 | €214 | €62 | €2k | €633 | ▼ 62.3% |
| Recurring financial income75 | €2 | €214 | €62 | €2k | €633 | ▼ 62.3% |
| Financial charges65/66B | €5k | €6k | €5k | €4k | €4k | ▼ 5.3% |
| Recurring financial charges65 | €5k | €6k | €5k | €4k | €4k | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | €59k | €25k | €595 | €6k | €21k | ▲ 255% |
| Income taxes67/77 | €15k | €9k | €3k | €4k | €7k | ▲ 90.1% |
| Profit (loss) for the period9904 | €44k | €16k | €-2k | €2k | €13k | ▲ 584% |
| Profit (loss) for the period to be appropriated9905 | €44k | €16k | €-2k | €2k | €13k | ▲ 584% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176k | €282k | €232k | €190k | €186k | ▼ 1.9% |
| Fixed assets21/28 | €126k | €141k | €116k | €88k | €60k | ▼ 31.5% |
| Intangible fixed assets21 | €124k | €105k | €86k | €67k | €48k | ▼ 28.6% |
| Tangible fixed assets22/27 | €2k | €37k | €30k | €21k | €13k | ▼ 40.4% |
| Plant, machinery and equipment23 | €1k | €459 | €0 | - | - | - |
| Furniture and vehicles24 | €1k | €36k | €30k | €21k | €13k | ▼ 40.4% |
| Current assets29/58 | €50k | €141k | €116k | €102k | €126k | ▲ 23.6% |
| Amounts receivable within one year40/41 | €26k | €138k | €95k | €93k | €110k | ▲ 19.0% |
| Trade receivables40 | €25k | €134k | €77k | €88k | €97k | ▲ 10.8% |
| Other amounts receivable41 | €824 | €4k | €18k | €5k | €13k | ▲ 159% |
| Cash at bank and in hand54/58 | €23k | €0 | €15k | €0 | €11k | - |
| Deferred charges and accrued income490/1 | €884 | €3k | €6k | €9k | €4k | ▼ 49.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176k | €282k | €232k | €190k | €186k | ▼ 1.9% |
| Equity10/15 | €63k | €79k | €66k | €43k | €19k | ▼ 57.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €44k | €60k | €48k | €25k | €0 | ▼ 100% |
| Distributable reserves133 | €44k | €60k | €48k | €25k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €113k | €203k | €165k | €146k | €168k | ▲ 14.5% |
| Amounts payable after more than one year17 | €27k | €35k | €19k | €12k | €12k | ▲ 1.9% |
| Financial debts170/4 | €12k | €26k | €19k | €12k | €12k | ▲ 1.9% |
| Other amounts payable178/9 | €15k | €9k | €0 | - | - | - |
| Amounts payable within one year42/48 | €73k | €158k | €146k | €134k | €155k | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | €21k | €19k | €7k | €7k | €22k | ▲ 208% |
| Financial debts43 | €0 | €20k | €0 | €16k | €0 | ▼ 100% |
| Credit institutions430/8 | €0 | €20k | €0 | €16k | €0 | ▼ 100% |
| Trade debts44 | €24k | €94k | €115k | €87k | €79k | ▼ 9.2% |
| Suppliers440/4 | €24k | €94k | €115k | €87k | €79k | ▼ 9.2% |
| Taxes, remuneration and social security45 | €28k | €26k | €21k | €17k | €16k | ▼ 7.9% |
| Taxes450/3 | €22k | €12k | €6k | €12k | €10k | ▼ 14.6% |
| Remuneration and social security454/9 | €6k | €14k | €15k | €6k | €6k | ▲ 5.7% |
| Other amounts payable47/48 | €167 | €141 | €3k | €6k | €38k | ▲ 503% |
| Accrued charges and deferred income492/3 | €13k | €9k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €16k | €-2k | €2k | €13k | ▲ 584% |
| + Depreciation and write-downs630 | €20k | €23k | €29k | €28k | €28k | = |
| Operating cash flow (approximation) | €65k | €39k | €26k | €30k | €41k | ▲ 38.3% |
| Investment in fixed assets (approximation) | - | €-38k | €-3k | €0 | €0 | - |
| Change in cash | - | €-23k | €15k | €-15k | €11k | ▲ 171% |
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
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €44k ▲41.5%
Operating result €64k, net result €44k, both a record.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Harelbeke · 1 establishment unit since 2018
Ground area
454 m²
Building footprint
104 m²
Volume, LiDAR
877 m³
Parcel 34013A0352/00T000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ORIGIN
since 20182.276.060.062
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A0352/00T000 | Flanders | 454 m² | 1 · 104 m² | 10.5 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.
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 930 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
Founded23-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
43350Other building finishing work
68121Development of residential building projects
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.