ORIN
ActiveSummary
ORIN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €357k and a net result of €78k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+17
Solvency46▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.09 in 2024; short-term debt: 13.6% and cash: 0.1% of total assets), and 78.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
21.3%
Return on assets
4.7%
Age of the figures
9 mo
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
1 d early
2023
30 d late
2022
4 d early
2021
58 d early
2020
1 d early
2019
28 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
€357k▲ 28.0%
2024 · €279k
Total assets
€1.68M▼ 2.5%
2024 · €1.72M
Net result
€78k▲ 209%
2024 · €25k
Working capital
€-209k▼ 4.2%
2024 · €-201k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€108k▼ 8.1%€57k▼ 47.3%€123k▲ 115%€83k▼ 32.6%€135k▲ 63.8%
Net result€54k▼ 4.5%€20k▼ 63.2%€64k▲ 219%€25k▼ 60.2%€78k▲ 209%
Equity€170k▲ 46.6%€190k▲ 11.7%€253k▲ 33.5%€279k▲ 10.0%€357k▲ 28.0%
Total assets€1.87M▼ 2.5%€1.83M▼ 2.1%€1.72M▼ 5.7%€1.72M▼ 0.3%€1.68M▼ 2.5%
Debt€1.70M▼ 5.7%€1.64M▼ 3.5%€1.47M▼ 10.3%€1.44M▼ 2.1%€1.32M▼ 8.4%
Working capital€-62k▲ 27.4%€-53k▲ 13.6%€-153k▼ 187%€-201k▼ 31.4%€-209k▼ 4.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.68M
Fixed assets
€1.66M ▼ 2.5%
Current assets
€18k ▼ 3.3%
Equity and liabilities €1.68M
Equity
€357k ▲ 28.0%
Debt
€1.32M ▼ 8.4%
Debt's share of the balance-sheet total falls from 83.8% to 78.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€214k▲
2024 · €159k
Cash flow
€156k▲
2024 · €102k
Current ratio
0.08▼
2024 · 0.09
Quick ratio
0.08▼
2024 · 0.08
Debt to equity
3.69▼
2024 · 5.16
ROE
21.9%▲
2024 · 9.1%
ROA
4.7%▲
2024 · 1.5%
Interest coverage
4.96▲
2024 · 3.38
Debt ≤ 1 year
€227k▲
2024 · €220k
Debt > 1 year
€1.07M▼
2024 · €1.20M
Income taxes
€27k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86k | €87k | €70k | €76k | €78k | ▲ 2.2% |
| Other operating charges640/8 | €6k | €2k | €7k | €4k | €7k | ▲ 72.9% |
| Gross operating margin9900 | €200k | €146k | €199k | €163k | €221k | ▲ 35.2% |
| Operating profit (loss)9901 | €108k | €57k | €123k | €83k | €135k | ▲ 63.8% |
| Financial income75/76B | - | €2k | - | €0 | €13k | ▲ 130,038,500% |
| Recurring financial income75 | - | €2k | - | €0 | €13k | ▲ 130,038,500% |
| Financial charges65/66B | €33k | €31k | €34k | €47k | €43k | ▼ 8.5% |
| Recurring financial charges65 | €33k | €31k | €34k | €47k | €43k | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €75k | €28k | €88k | €36k | €105k | ▲ 196% |
| Income taxes67/77 | €21k | €8k | €25k | €10k | €27k | ▲ 165% |
| Profit (loss) for the period9904 | €54k | €20k | €64k | €25k | €78k | ▲ 209% |
| Profit (loss) for the period to be appropriated9905 | €54k | €20k | €64k | €25k | €78k | ▲ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.87M | €1.83M | €1.72M | €1.72M | €1.68M | ▼ 2.5% |
| Fixed assets21/28 | €1.77M | €1.74M | €1.71M | €1.70M | €1.66M | ▼ 2.5% |
| Tangible fixed assets22/27 | €1.77M | €1.74M | €1.71M | €1.70M | €1.64M | ▼ 3.5% |
| Land and buildings22 | €1.74M | €1.71M | €1.66M | €1.66M | €1.60M | ▼ 3.4% |
| Plant, machinery and equipment23 | €2k | €1k | €941 | €619 | €298 | ▼ 51.8% |
| Furniture and vehicles24 | €5k | €8k | €7k | €5k | €10k | ▲ 123% |
| Leasing and similar rights25 | - | - | €28k | €22k | €15k | ▼ 29.2% |
| Other tangible fixed assets26 | - | - | - | €15k | €13k | ▼ 16.8% |
| Assets under construction and advance payments27 | €23k | €20k | €18k | - | - | - |
| Financial fixed assets28 | - | - | - | - | €17k | - |
| Current assets29/58 | €94k | €90k | €14k | €19k | €18k | ▼ 3.3% |
| Stocks and contracts in progress3 | €88 | €106 | €92 | €100 | €88 | ▼ 12.5% |
| Stocks30/36 | €88 | €106 | €92 | €100 | €88 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €52k | €87k | €12k | €16k | €15k | ▼ 0.9% |
| Trade receivables40 | €37k | €81k | €12k | €16k | €15k | ▼ 0.9% |
| Other amounts receivable41 | €14k | €6k | - | - | - | - |
| Cash at bank and in hand54/58 | €41k | €2k | €47 | €883 | €1k | ▲ 18.8% |
| Deferred charges and accrued income490/1 | €1k | €835 | €2k | €2k | €2k | ▼ 29.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.87M | €1.83M | €1.72M | €1.72M | €1.68M | ▼ 2.5% |
| Equity10/15 | €170k | €190k | €253k | €279k | €357k | ▲ 28.0% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Reserves13 | €95k | €115k | €178k | €204k | €282k | ▲ 38.3% |
| Non-distributable reserves130/1 | €1k | €1k | - | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | - | - | - | - |
| Distributable reserves133 | €93k | €113k | €178k | €204k | €282k | ▲ 38.3% |
| Amounts payable17/49 | €1.70M | €1.64M | €1.47M | €1.44M | €1.32M | ▼ 8.4% |
| Amounts payable after more than one year17 | €1.52M | €1.48M | €1.29M | €1.20M | €1.07M | ▼ 11.0% |
| Financial debts170/4 | €1.52M | €1.48M | €1.29M | €1.20M | €1.07M | ▼ 11.0% |
| Amounts payable within one year42/48 | €156k | €143k | €167k | €220k | €227k | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | €88k | €90k | €123k | €136k | €139k | ▲ 2.3% |
| Trade debts44 | €4k | €3k | €10k | €3k | €11k | ▲ 252% |
| Suppliers440/4 | €4k | €3k | €10k | €3k | €11k | ▲ 252% |
| Advances received on contracts in progress46 | €1k | €4k | €7k | €7k | €6k | ▼ 17.2% |
| Taxes, remuneration and social security45 | €18k | €23k | €15k | €22k | €29k | ▲ 33.9% |
| Taxes450/3 | €15k | €23k | €15k | €19k | €29k | ▲ 55.7% |
| Remuneration and social security454/9 | €3k | - | - | €3k | - | - |
| Other amounts payable47/48 | €45k | €23k | €11k | €51k | €42k | ▼ 18.2% |
| Accrued charges and deferred income492/3 | €19k | €12k | €15k | €18k | €21k | ▲ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €20k | €64k | €25k | €78k | ▲ 209% |
| + Depreciation and write-downs630 | €86k | €87k | €70k | €76k | €78k | ▲ 2.2% |
| Operating cash flow (approximation) | €140k | €107k | €133k | €102k | €156k | ▲ 53.6% |
| Investment in fixed assets (approximation) | - | €-52k | €-41k | €-66k | €-36k | ▲ 45.4% |
| Change in cash | - | €-40k | €-2k | €837 | €166 | ▼ 80.2% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €78k ▲209%
Operating result €135k, net result €78k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €253k ▲33.5%
6 profitable years in a row build equity to €253k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €170k ▲46.6%
4 profitable years in a row build equity to €170k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €116k ▲95.5%
3 profitable years in a row build equity to €116k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Lennik · 1 establishment unit since 2001
Ground area
1,956 m²
Building footprint
348 m²
Volume, LiDAR
569 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Codico Belgium
since 20012.095.150.312
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23072A0152/00G002 | Flanders | 1,122 m² | 1 · 248 m² | - |
| 23072A0152/00F002 | Flanders | 834 m² | 1 · 100 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,500 EUR | 1,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Care and welfare
1 serviceHof te Eizeringen
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 6,340 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
Founded29-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.