ORNAMENTA
ActiveSummary
ORNAMENTA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €-9k. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 501 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-62
Solvency53▼-5
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 6.45 against 12.55 in 2024; short-term debt: 14.6% and cash: 1.2% of total assets), but 72.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← 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 2025Solvency, return and age of the figures
Solvency
27.7%
Return on assets
-8.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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
54 d late
2024
20 d late
2023
on the day
2022
64 d late
2021
60 d late
2020
108 d late
2019
349 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€30k▼ 23.9%
2024 · €39k
2018: €34k
2019: €71k
2020: €76k
2021: €65k
2022: €54k
2023: €38k
2024: €39k
2018 → 2025
Total assets
€107k▼ 9.3%
2024 · €118k
2018: €546k
2019: €449k
2020: €356k
2021: €188k
2022: €285k
2023: €120k
2024: €118k
2018 → 2025
Net result
€-9k
2024 · €783
2018: €-76k
2019: €37k
2020: €6k
2021: €-11k
2022: €-11k
2023: €-16k
2024: €783
2018 → 2025
Working capital
€85k▼ 12.7%
2024 · €97k
2018: €120k
2019: €117k
2020: €162k
2021: €49k
2022: €73k
2023: €67k
2024: €97k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€54k▼ 17.0%€38k▼ 29.4%€39k▲ 2.1%€30k▼ 23.9%
Operating result€-2k-€1k€-11k€1k€-9k
Net result€-11k-€-11k▲ 3.2%€-16k▼ 43.8%€783€-9k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€6k ▼ 48.3%
Current assets
€101k ▼ 4.9%
Equity and liabilities €107k
Equity
€30k ▼ 23.9%
Debt
€77k ▼ 2.1%
Debt's share of the balance-sheet total rises from 67.0% to 72.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €7k
Cash flow
€-4k▼
2024 · €7k
Current ratio
6.45▼
2024 · 12.55
Quick ratio
0.40▼
2024 · 1.29
Debt to equity
2.61▲
2024 · 2.03
ROE
-31.4%▼
2024 · 2.0%
ROA
-8.7%▼
2024 · 0.7%
Interest coverage
-4.79▼
2024 · 10.43
Debt ≤ 1 year
€16k▲
2024 · €8k
Debt > 1 year
€62k▼
2024 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€118k€107k▼
Fixed assets21/28€12k€6k▼
Tangible fixed assets22/27€12k€6k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€9k€3k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€106k€101k▼
Stocks and contracts in progress3€95k€94k▼
Stocks30/36€95k€94k▼
Amounts receivable within one year40/41€4k€4k▼
Trade receivables40€4k€4k▼
Other amounts receivable41€31-
Cash at bank and in hand54/58€7k€1k▼
Deferred charges and accrued income490/1-€680
Equity and liabilities
Total equity and liabilities10/49€118k€107k▼
Equity10/15€39k€30k▼
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Reserves13€19k€10k▼
Distributable reserves133€19k€10k▼
Amounts payable17/49€79k€77k▼
Amounts payable after more than one year17€70k€62k▼
Financial debts170/4€10k€10k=
Other amounts payable178/9€60k€52k▼
Amounts payable within one year42/48€8k€16k▲
Trade debts44€6k€12k▲
Suppliers440/4€6k€12k▲
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€737€681▼
Gross operating margin9900€8k€-2k▼
Operating profit (loss)9901€1k€-9k▼
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€695€608▼
Recurring financial charges65€695€608▼
Profit (loss) for the period before taxes9903€783€-9k▼
Profit (loss) for the period9904€783€-9k▼
Profit (loss) for the period to be appropriated9905€783€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-9k▼
Profit (loss) brought forward from the previous period14P€4k-
Transfer from equity791/2-€9k
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 54 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Back to profitnet €783
Net result €783 after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 12.55
Current ratio from 2.92 to 12.55; short-term debt falls from €35k to €8k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.92
Current ratio from 1.38 to 2.92; short-term debt falls from €193k to €35k.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 349 days late
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 715 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 4.15
Current ratio from 1.65 to 4.15; short-term debt falls from €180k to €51k.
Show earlier events
2019
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 248 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Bree · 1 establishment unit since 2002
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.
Industrieterrein Kanaal-Noord 11313960 BreeGround area
1,634 m²
Building footprint
564 m²
Volume, LiDAR
3,142 m³
Parcel 72004A0551/00B000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industrieterrein Kanaal-Noord 1131, 3960 Bree
since 20022.114.682.350
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004A0551/00B000 | Flanders | 1,634 m² | 1 · 564 m² | 6.1 m · 2 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.
Similar companies · same sector, comparable size
YUME PROJECTS
BE 0801.053.516
Sint-Pieters-Leeuw · Eq €45,339
PIETERBOSTOEN.COM
BE 0777.747.087
Gent · Eq €46,963
STUDIO ALAIN MONNENS
BE 0879.349.243
Roeselare · Eq €47,630
Clay-Days
BE 0791.747.652
Mechelen · Eq €31,455
Arkoudes
BE 0801.051.338
Deinze · Eq €48,198
Of 674 companies in sector 23410 we hold annual accounts for 47. 39 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
23410Manufacture of ceramic household and ornamental articles
16281Manufacture of other wood products
47791Retail sale of antiques
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:089/56 43 78