ORION
ActiveThe computed 12-month bankruptcy probability of ORION is 3.2% (moderate). The 2024 annual accounts show equity of €16k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 18942 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-20
Solvency51▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.21 against 1.12 in 2023; short-term debt: 74.2% and cash: 1.8% of total assets), and 74.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.8%
Return on assets
3.5%
Age of the figures
21 mo
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
57 d late
2022
69 d late
2021
61 d late
2020
87 d late
2019
123 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€57k▼ 10.4%
2020 · €64k
2020: €64k
2020 → 2021
EBIT margin
-5.8%▼ 4.3pp
2020 · -1.6%
2020: -1.6%
2020 → 2021
Net result
€2k▼ 76.5%
2023 · €9k
2018: €-4k
2019: €887
2020: €-1k
2021: €-4k
2022: €8k
2023: €9k
2018 → 2024
Working capital
€10k▲ 60.9%
2023 · €6k
2018: €1k
2019: €2k
2020: €837
2021: €-12k
2022: €-4k
2023: €6k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€64k-€57k▼ 10.4%
Equity€837-€-3k€5k€14k▲ 199%€16k▲ 15.6%
Operating result€-998-€-3k▼ 236%€8k€10k▲ 17.6%€2k▼ 76.3%
Net result€-1k-€-4k▼ 261%€8k€9k▲ 18.0%€2k▼ 76.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 76% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€7k▼ 18.1%
Current assets
€56k▲ 2.2%
Equity and liabilities €62k
Equity
€16k▲ 15.6%
Debt
€46k▼ 4.9%
The debt ratio falls from 77.8% to 74.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▼
2023 · €11k
Cash flow
€6k▼
2023 · €10k
Solvency
25.8%▲
2023 · 22.2%
Current ratio
1.21▲
2023 · 1.12
Quick ratio
1.15▲
2023 · 1.00
Debt / equity
2.88▼
2023 · 3.50
ROE
13.5%▼
2023 · 66.5%
ROA
3.5%▼
2023 · 14.8%
Interest coverage
5.22▼
2023 · 8.05
Debt
€46k▼
2023 · €49k
Debt ≤ 1 year
€46k▼
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€62k€62k▼
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€8k€7k▼
Furniture and vehicles24€8k€7k▼
Current assets29/58€55k€56k▲
Stocks and contracts in progress3€6k€3k▼
Stocks30/36€6k€3k▼
Amounts receivable within one year40/41€44k€49k▲
Trade receivables40€19k€37k▲
Other amounts receivable41€26k€12k▼
Cash at bank and in hand54/58€1k€1k▼
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€62k€62k▼
Equity10/15€14k€16k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-5k€-3k▲
Amounts payable17/49€49k€46k▼
Amounts payable within one year42/48€49k€46k▼
Trade debts44€47k€46k▼
Suppliers440/4€47k€46k▼
Taxes, remuneration and social security45€2k€544▼
Taxes450/3€2k€544▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€998€4k▲
Other operating charges640/8€582€5k▲
Gross operating margin9900€11k€11k▲
Operating profit (loss)9901€10k€2k▼
Financial income75/76B€998€1k▲
Recurring financial income75€998€1k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€9k€2k▼
Profit (loss) for the period9904€9k€2k▼
Profit (loss) for the period to be appropriated9905€9k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-3k▲
Profit (loss) brought forward from the previous period14P€-14k€-5k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Highest result since 2018net €9k ▲18%
Operating result €10k, net result €9k, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 123 days late
2019
31-12
Financial
Back to profitnet €887
Net result €887 after one loss-making year.
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 135 days late
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 80 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 193 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Elsene · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jaargetijdenlaan 411050 ElseneGround area
119 m²
Building footprint
120 m²
Volume, LiDAR
1,511 m³
Parcel 21445C0234/00D022, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Le Saint Tropez
since 20202.300.285.615
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0234/00D022 | Brussels | 119 m² | 1 · 120 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.300.285.615
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,894. 3,892 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-02-2012
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.