ORION PROJECTS
Open bankruptcyA bankruptcy procedure is open for ORION PROJECTS according to publications in the Belgian State Gazette; curator: SABRINA CLAESSENS.
Summary
The 2022 annual accounts show negative equity (-€98,105) and a net result of -€9,175.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Bruges division
- Declared bankrupt
- 26 September 2023
- Supervising judge
- Elisabeth Bogaert
- Official Gazette
- 02-10-2023 (pdf) ↗search the document for 2023/136049
Curator
- Sabrina ClaessensTulpenstraat 9, 8370 Blan- Kenbergesabrina@advclaessens.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-04-2023, 116 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
116 d early
2021
74 d early
2020
63 d early
2019
97 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 88 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Buying and selling of own real estate sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, abbreviated schema
Equity
-€98,105▼ 10.3%
2021 · -€88,930
Total assets
€339,021▲ 0.2%
2021 · €338,479
Net result
-€9,175▲ 97.4%
2021 · -€346,334
Working capital
-€118,248▼ 347%
2021 · -€26,457
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
Line20182019202020212022
Operating result-€21,645--€30,829▼ 42.4%-€95,490▼ 210%-€79,373▲ 16.9%-€4,003▲ 95.0%
Net result-€41,252--€48,500▼ 17.6%€15,176-€346,334-€9,175▲ 97.4%
Equity€240,728-€242,228▲ 0.6%€257,404▲ 6.3%-€88,930-€98,105▼ 10.3%
Total assets€1.4m-€1.4m▲ 2.7%€1.3m▼ 6.8%€338,479▼ 73.8%€339,021▲ 0.2%
Debt€1.1m-€1.1m▲ 3.1%€1.0m▼ 9.5%€427,409▼ 58.7%€437,126▲ 2.3%
Working capital-€56,010-€8,100-€78,532-€26,457▲ 66.3%-€118,248▼ 347%
Staff (FTE)1.1-0.3▼ 72.7%1▲ 233%1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,003 in 2022 against €79,373 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €339,021
Fixed assets
€333,516 ▼ 0.3%
Current assets
€5,505 ▲ 38.9%
Key figures and ratios
Solvency
-28.9%▼
2021 · -26.3%
Current ratio
0.04▼
2021 · 0.13
Debt to equity
-4.46▲
2021 · -4.81
ROA
-2.7%▲
2021 · -102.3%
Debt ≤ 1 year
€123,753▲
2021 · €30,420
Debt > 1 year
€313,373▼
2021 · €396,989
Staff costs
€2,150▼
2021 · €12,307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €12,307 | €2,150 | ▼ 82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,335 | €72,915 | €74,235 | €11,100 | - | - |
| Other operating charges640/8 | - | - | - | €11,436 | €2,446 | ▼ 78.6% |
| Non-recurring operating charges66A | - | - | - | €128,104 | - | - |
| Gross operating margin9900 | €127,078 | €76,481 | €17,503 | €83,574 | €593 | ▼ 99.3% |
| Operating profit (loss)9901 | -€21,645 | -€30,829 | -€95,490 | -€79,373 | -€4,003 | ▲ 95.0% |
| Financial income75/76B | - | - | - | €5,000 | - | - |
| Recurring financial income75 | - | - | - | €5,000 | - | - |
| Financial charges65/66B | - | - | - | €271,961 | €5,172 | ▼ 98.1% |
| Recurring financial charges65 | €19,607 | €17,671 | €39,649 | €271,961 | €5,172 | ▼ 98.1% |
| Profit (loss) for the period before taxes9903 | -€41,252 | -€48,500 | -€135,139 | -€346,334 | -€9,175 | ▲ 97.4% |
| Income taxes67/77 | - | - | -€150,315 | - | - | - |
| Profit (loss) for the period9904 | -€41,252 | -€48,500 | €15,176 | -€346,334 | -€9,175 | ▲ 97.4% |
| Profit (loss) for the period to be appropriated9905 | -€41,252 | -€48,500 | €15,176 | -€346,334 | -€9,175 | ▲ 97.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.4m | €1.3m | €338,479 | €339,021 | ▲ 0.2% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.3m | €334,516 | €333,516 | ▼ 0.3% |
| Intangible fixed assets21 | - | €4,000 | €4,000 | €0 | - | - |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.2m | €333,516 | €333,516 | = |
| Land and buildings22 | - | - | - | €332,187 | €287,001 | ▼ 13.6% |
| Plant, machinery and equipment23 | - | - | - | €1,329 | - | - |
| Furniture and vehicles24 | - | - | - | - | €46,515 | - |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €0 | ▼ 100% |
| Current assets29/58 | €19,311 | €89,762 | €43,048 | €3,963 | €5,505 | ▲ 38.9% |
| Stocks and contracts in progress3 | €8,064 | €14,296 | - | - | - | - |
| Amounts receivable within one year40/41 | €7,300 | €71,993 | €71 | €923 | €4,001 | ▲ 333% |
| Trade receivables40 | - | - | - | €923 | €4,001 | ▲ 333% |
| Current investments50/53 | - | - | €40,000 | - | - | - |
| Cash at bank and in hand54/58 | €3,947 | €3,473 | €2,977 | €3,040 | €1,504 | ▼ 50.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.3m | €338,479 | €339,021 | ▲ 0.2% |
| Equity10/15 | €240,728 | €242,228 | €257,404 | -€88,930 | -€98,105 | ▼ 10.3% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | - | - | - | €250,000 | €250,000 | = |
| Issued capital100 | - | - | - | €250,000 | €250,000 | = |
| Reserves13 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Non-distributable reserves130/1 | - | - | - | €20,000 | €20,000 | = |
| Legal reserve130 | - | - | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€29,272 | -€27,772 | -€12,596 | -€358,930 | -€368,105 | ▼ 2.6% |
| Provisions and deferred taxes16 | - | €885 | - | - | - | - |
| Amounts payable17/49 | €1.1m | €1.1m | €1.0m | €427,409 | €437,126 | ▲ 2.3% |
| Amounts payable after more than one year17 | €1.0m | €1.1m | €914,499 | €396,989 | €313,373 | ▼ 21.1% |
| Financial debts170/4 | - | - | - | €396,989 | €313,373 | ▼ 21.1% |
| Amounts payable within one year42/48 | €75,321 | €81,662 | €121,580 | €30,420 | €123,753 | ▲ 307% |
| Trade debts44 | €5,169 | €9,422 | €59,125 | €12,090 | €5,260 | ▼ 56.5% |
| Suppliers440/4 | - | - | - | €12,090 | €5,260 | ▼ 56.5% |
| Other amounts payable47/48 | - | - | - | €18,330 | €118,493 | ▲ 546% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,252 | -€48,500 | €15,176 | -€346,334 | -€9,175 | ▲ 97.4% |
| + Depreciation and write-downs630 | €76,335 | €72,915 | €74,235 | €11,100 | - | - |
| Operating cash flow (approximation) | €35,083 | €24,415 | €89,411 | -€335,234 | -€9,175 | ▲ 97.3% |
| Investment in fixed assets (approximation) | - | -€39,482 | -€26,502 | €904,819 | €1,000 | ▼ 99.9% |
| Change in cash | - | -€474 | -€496 | €63 | -€1,536 | ▼ 2,538% |
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
2023
02-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 26-09-2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€346,334
Net result drops to -€346,334, the lowest in the series.
29-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €15,176
Net result €15,176 after 2 loss-making years.
25-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 1.10
Current ratio from 0.26 to 1.10.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
20-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
27-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Blankenberge · 1 establishment unit since 2008
Ground area
125 m²
Building footprint
125 m²
Volume, LiDAR
3,664 m³
Parcel 31004A0741/00Z031, Flanders · tallest building 33.2 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
ORION PROJECTS
since 20082.170.847.231
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31004A0741/00Z031 | Flanders | 125 m² | 1 · 125 m² | 33.2 m · 10 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SABRINA CLAESSENS TULPENSTRAAT 9, 8370 BLAN-
KENBERGE |
26-09-2023 → present |
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Identification & contact
Identification
Legal formPublic limited company
Founded07-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.