Equity
Equity fell by 77% in 3 years.
Equity fell by 77% in 3 years.
The micro format states no turnover.
Of this, €155,021 falls due within a year.
The last five annual accounts were filed 14 to 149 days before the end of the period.
Lower solvency than 85% of companies in architecture and engineering. Sector median 54.0% · 12,254 companies.
In July 2024, 2,154 companies had the same profile as ORIGIN has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,154 companies, not a prediction for ORIGIN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ORIGIN Harelbeke | €186,055 | €120,008 | 10.0% | - |
| Ir Architect Tine Broos Nazareth-De Pinte | €186,119 | €112,492 | 11.0% | - |
| NACHTRAVEN Mechelen | €218,061 | €119,594 | 47.4% | 1.2 |
| GEVAERT PROJECTS Ostend | €165,882 | €101,788 | 47.7% | - |
| Een wereld van verschil Bruges | €132,433 | €92,038 | 14.0% | - |
| Wah Wah Design Nivelles | €216,191 | €110,183 | 22.8% | - |
| PRODEEZ Waterloo | €192,893 | €154,935 | 45.1% | - |
These companies have the same main activity as ORIGIN: activities of interior architects (NACE 71112). They are comparable in size and age: total assets between €132,000 and €218,000, founded between 2017 and 2019.
ORIGIN files the micro format. That format states no turnover. The gross margin rose from €24,431 in 2018 to €120,008 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €190,000 and €310,000.
Higher than 15% of 12,254 companies in 2025.
Higher than 14% of 11,959 companies in 2025.
Higher than 40% of 12,054 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
Training hours in 2025: 12.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
186,055 | 189,689 | 231,864 | 281,776 | 175,988 | 171,634 | 262,355 | 247,752 | |
21/28 |
60,309 | 87,990 | 115,671 | 141,077 | 125,915 | 146,414 | 166,913 | 185,360 | |
21 |
47,500 | 66,500 | 85,500 | 104,500 | 123,500 | 142,500 | 161,500 | 180,500 | |
22/27 |
12,809 | 21,490 | 30,171 | 36,577 | 2,415 | 3,914 | 5,413 | 4,860 | |
23 |
- | - | 0 | 459 | 1,377 | 2,295 | 3,213 | 4,131 | |
24 |
12,809 | 21,490 | 30,171 | 36,118 | 1,038 | 1,619 | 2,200 | 729 | |
29/58 |
125,747 | 101,699 | 116,193 | 140,699 | 50,073 | 25,220 | 95,443 | 62,392 | |
40/41 |
110,420 | 92,813 | 95,312 | 137,920 | 26,031 | 24,038 | 89,733 | 43,044 | |
40 |
97,196 | 87,706 | 76,883 | 133,830 | 25,207 | 24,038 | 89,733 | 43,033 | |
41 |
13,224 | 5,107 | 18,429 | 4,090 | 824 | - | 0 | 11 | |
54/58 |
10,829 | 0 | 15,347 | 0 | 23,159 | 0 | 4,554 | 18,647 | |
490/1 |
4,498 | 8,886 | 5,534 | 2,779 | 884 | 1,182 | 1,156 | 701 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
186,055 | 189,689 | 231,864 | 281,776 | 175,988 | 171,634 | 262,355 | 247,752 | |
10/15 |
18,550 | 43,433 | 66,488 | 78,970 | 62,590 | 30,546 | -586 | 5,029 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 6,150 | 6,150 | |
13 |
0 | 24,883 | 47,938 | 60,420 | 44,040 | - | - | - | |
133 |
0 | 24,883 | 47,938 | 60,420 | 44,040 | - | - | - | |
14 |
0 | 0 | 0 | 0 | 0 | 18,146 | -12,986 | -7,371 | |
17/49 |
167,505 | 146,257 | 165,376 | 202,807 | 113,399 | 141,088 | 262,941 | 242,723 | |
17 |
12,485 | 12,254 | 19,318 | 35,245 | 27,218 | 52,240 | 111,387 | 141,667 | |
170/4 |
12,485 | 12,254 | 19,318 | 26,173 | 12,147 | 32,669 | 52,816 | 72,595 | |
178/9 |
- | - | 0 | 9,071 | 15,071 | 19,571 | 58,571 | 69,071 | |
42/48 |
155,021 | 134,002 | 146,058 | 158,471 | 72,813 | 77,402 | 147,378 | 97,697 | |
42 |
21,775 | 7,064 | 6,855 | 18,800 | 20,522 | 20,147 | 19,780 | 19,419 | |
43 |
0 | 16,127 | 0 | 19,678 | 0 | 16,966 | - | - | |
430/8 |
0 | 16,127 | 0 | 19,678 | 0 | 16,966 | - | - | |
44 |
79,024 | 87,059 | 114,879 | 93,967 | 24,210 | 17,927 | 73,752 | 59,369 | |
440/4 |
79,024 | 87,059 | 114,879 | 93,967 | 24,210 | 17,927 | 73,752 | 59,369 | |
45 |
16,039 | 17,418 | 21,414 | 25,884 | 27,915 | 21,946 | 28,895 | 18,379 | |
450/3 |
9,971 | 11,675 | 6,231 | 11,808 | 22,337 | 14,320 | 21,811 | 14,281 | |
454/9 |
6,068 | 5,743 | 15,183 | 14,076 | 5,578 | 7,626 | 7,084 | 4,098 | |
47/48 |
38,183 | 6,335 | 2,909 | 141 | 167 | 417 | 24,952 | 530 | |
492/3 |
- | - | 0 | 9,091 | 13,368 | 11,446 | 4,176 | 3,359 | |
| Income statement | |||||||||
9900 |
120,008 | 115,530 | 139,793 | 123,246 | 126,534 | 100,105 | 56,816 | 24,431 | |
62 |
48,222 | 82,401 | 100,064 | 62,990 | 39,274 | 33,514 | 32,885 | 15,801 | |
630 |
27,681 | 27,681 | 28,507 | 23,076 | 20,499 | 20,499 | 20,526 | 10,055 | |
631/4 |
19,062 | -4,486 | 4,486 | 3,300 | - | - | - | - | |
640/8 |
778 | 1,345 | 1,266 | 3,064 | 2,531 | 1,443 | 1,666 | 1,378 | |
9901 |
24,265 | 8,589 | 5,470 | 30,816 | 64,231 | 44,649 | 1,739 | -2,803 | |
75/76B |
633 | 1,681 | 62 | 214 | 2 | 1 | 555 | 17 | |
75 |
633 | 1,681 | 62 | 214 | 2 | 1 | 555 | 17 | |
65/66B |
4,199 | 4,432 | 4,937 | 5,873 | 5,065 | 3,306 | 6,548 | 4,493 | |
65 |
4,199 | 4,432 | 4,937 | 5,873 | 5,065 | 3,306 | 6,548 | 4,493 | |
9903 |
20,699 | 5,837 | 595 | 25,157 | 59,168 | 41,344 | -4,254 | -7,279 | |
67/77 |
7,399 | 3,893 | 3,077 | 8,777 | 15,128 | 10,212 | 1,361 | 92 | |
9904 |
13,300 | 1,945 | -2,482 | 16,380 | 44,040 | 31,131 | -5,615 | -7,371 | |
9905 |
13,300 | 1,945 | -2,482 | 16,380 | 44,040 | 31,131 | -5,615 | -7,371 | |
| Appropriation of the result | |||||||||
9906 |
13,300 | 1,945 | -2,482 | 16,380 | 62,185 | 18,146 | -12,986 | -7,371 | |
14P |
- | - | - | 0 | 18,146 | - | - | - | |
791/2 |
24,883 | 25,000 | 12,482 | - | - | - | - | - | |
691/2 |
0 | 1,945 | 0 | 16,380 | 44,040 | - | - | - | |
6921 |
0 | 1,945 | 0 | 16,380 | 44,040 | - | - | - | |
694/7 |
38,183 | 25,000 | 10,000 | 0 | 18,146 | - | - | - | |
694 |
38,183 | 25,000 | 10,000 | 0 | 18,146 | - | - | - | |
| Social balance sheet | |||||||||
9087 |
1 | 1.8 | 2 | 1.6 | 1 | 1 | 1 | 0.5 | |
Hours worked1013 |
408 | 3,036 | 3,560 | 2,608 | 1,728 | 1,459 | 1,733 | 828 | |
| Document | |||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-03-2026 | 2026-00048883 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00292263 | |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00265294 | |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00107665 | |
| 31-12-2021 | micro format | 23-05-2022 | 2022-20031594 | |
| 31-12-2020 | micro format | 17-05-2021 | 2021-14300490 | |
| 31-12-2019 | micro format | 19-05-2020 | 2020-12600155 | |
| 31-12-2018 | micro format | 29-05-2019 | 2019-15100334 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 51,947 | 36,270 | 33,976 | 53,892 | 84,730 | 65,148 | 22,265 | 7,252 | ||
| 40,981 | 29,626 | 26,025 | 39,456 | 64,539 | 51,630 | 14,911 | 2,685 | ||
| 0 | 0 | 3,101 | 42,632 | 0 | 0 | 2,079 | 195,416 | ||
| 10,829 | -15,347 | 15,347 | -23,159 | 23,159 | -4,554 | -14,093 | - | ||
| -29,274 | -32,303 | -29,865 | -17,771 | -22,740 | -52,183 | -51,935 | -35,305 | ||
| 10.0% | 22.9% | 28.7% | 28.0% | 35.6% | 17.8% | -0.2% | 2.0% | ||
| 0.81 | 0.76 | 0.80 | 0.89 | 0.69 | 0.33 | 0.65 | 0.64 | ||
| 9.03 | 3.37 | 2.49 | 2.57 | 1.81 | 4.62 | - | 48.26 | ||
| 71.7% | 4.5% | -3.7% | 20.7% | 70.4% | 101.9% | - | -146.5% | ||
| 7.1% | 1.0% | -1.1% | 5.8% | 25.0% | 18.1% | -2.1% | -3.0% | ||
| 12.37 | 8.18 | 6.88 | 9.18 | 16.73 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 2 | 2 | 1 |
| full-time | 1 | 1 | 2 | 2 | 1 |
| part-time | 0 | 0 | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 2 | 2 | 1 |
| 1 | 1.8 | 2 | 1.6 | 1 | |
| On a permanent contract | 1 | 1 | 2 | 2 | 1 |
| Joined | - | 0 | 2 | 5 | - |
| Left | - | 1 | 2 | 4 | - |
| Training hours | 12 | 91 | 106 | 78 | 51 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €3,101 | €42,632 | - |
| €27,681 | €27,681 | €28,507 | €23,076 | €20,499 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 183% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 77.1% to 90.0%. Equity is lower and debt is higher.
ORIGIN has no parent and no holdings in its annual accounts. ORIGIN shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Burgemeester Brabantstraat 13 registered office 8530 Harelbeke | 23-05-2018 | 2.276.060.062 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34013A0352/00T000 | 454 m² | 1 · 104 m² | 10.5 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0696.697.748
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