Financials
- Financial year
- 2025
- Total assets
- €3.4m
- Loss
- -€76,071
- Solvency
- 5.9%
Total assets▲ 90.7%
Net result
20182025
ORK
Judicial reorganisationSummary
The file of ORK contains 1 judicial reorganisation, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €201,710 and a net result of -€76,071. Equity is shrinking by about 28% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 28% of 16,985 sector peers (NACE 68, financial year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Official Gazette
- 27-01-2025 (pdf) ↗
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- How you are paid depends on the track: an amicable settlement, a collective agreement with a plan the creditors vote on, or a transfer. The judgment and RegSol say which.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
Embed in an article
Writing about this reorganisation? Embed the ORK company card in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Overview
Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
4th largest company by total assets in Koekelberg, Real estate sector1 site
Size
€3.4mtotal assets 2025
- Equity
- €201,710
- Loss
- -€76,071
Financial health
24
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- CATLIONDirector · permanent representative WINKEL Stéphane
Accounts filed 24 days late4 of 11 deeds read
Signalsraises riskPersistent lossesIn judicial reorganisationneutralFiled after the deadlineShow the evidence
Checked score
Score 2025
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
The figures in the accounts for financial year 2025 give a score of 24 on their own. An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Each of these causes sets the same score on its own. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
31-10
equity 5.9% of total assets
Liquidity
26+4
short-term debt 48.3% · cash 0.1%
Profitability
21+1
return on assets -2.2%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity tight (current ratio 1.04, compared with 0.02 in 2024, below the usual 1.5; short-term debt: 48.3% and cash: 0.1% of total assets), and 94.1% of the assets are financed with debt and provisions.
Signals
Three signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819232425
2018 to 2025 · latest year -€76,071
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
24 days late
2024
119 days late
2023
92 days late
2019
165 days late
2018
208 days late
2017
61 days late
2016
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 98 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 November (4 of the last 5 filed years within 89 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: WINKEL Stéphane (director)Appointment: SRL CATLION (director) ·…
- Liquidity more than 46 timescurrent ratio 1.04
Key points
- Risk: In judicial reorganisationtrustee not known 27-01-2025 View
- Risk: 5 loss-making years in a rowloss financial year 2025 -€76,071 View
- Caution: Among the weakest 5% on net resultsector median €6,029 · 16,974 companies -€76,071 View
- Caution: Board changedlatest change 01-04-2026 · 1 in office 1 joined · 1 left View
- Caution: Equity fell in 2025from €277,781 to €201,710 ▼ 27.4% View
By topic
Board & ownership
- Board
- 1 member
- CATLIONDirector
Timeline
- Events
- 41
- Since
- 1992
- Next accounts
- by 31-07-2027
- 27-11-2025Annual accounts filed
- 26-09-2025Reappointment: WINKEL Stéphane (director)
- 16-04-2025Resignation: Thibault Verhaeghe (director)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and operating of own or leased residential…NACE 68201
- Founded
- 12-09-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 29
- Who signs
- Each director alone
- Annual meeting
- Last Friday of June at 16:00
- Purpose
- “Les prestations de services, de conseil/consultance, de gestion, d’organisation et de…” (deed in French)
Go further with this company
What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date How is this company connected to another party?Network investigator Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the renting and operating of own or leased residential real estate, excluding social housing sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.