ORNICOM
ActiveSummary
The computed 12-month bankruptcy probability of ORNICOM is 2.5% (moderate). The 2024 annual accounts show equity of €35,109 and a net result of €23,293. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 36370 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+8
Solvency44▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.09 in 2023; short-term debt: 80.8% and cash: 11.4% of total assets), and 81.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
18.9%
Return on assets
12.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 36370 sector peers (2024).
NBB · sector comparisonPosition among 36370 sector peers
Solvency
better than 21%
← weakest
strongest →
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
192021222324
2019 to 2024 · latest year €35,109
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
106 d late
2022
136 d late
2021
121 d late
2020
61 d late
2019
115 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 94 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€35,109▲ 197%
2023 · €11,816
Total assets
€185,306▲ 33.1%
2023 · €139,175
Net result
€23,293▲ 176%
2023 · €8,430
Working capital
€34,925▲ 208%
2023 · €11,329
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€746-€5,040€8,941€12,835▲ 43.5%€34,208▲ 167%
Net result€475below the sector's middle half-€5,086below the sector's middle half€5,187within the sector's middle half€8,430within the sector's middle half▲ 62.5%€23,293within the sector's middle half▲ 176%
Equity€3,285below the sector's middle half▲ 16.9%-€1,801below the sector's middle half€3,386below the sector's middle half€11,816below the sector's middle half▲ 249%€35,109within the sector's middle half▲ 197%
Total assets€25,162below the sector's middle half▼ 20.9%€57,679below the sector's middle half▲ 129%€95,483within the sector's middle half▲ 65.5%€139,175within the sector's middle half▲ 45.8%€185,306within the sector's middle half▲ 33.1%
Debt€21,877▼ 24.6%€59,480▲ 172%€92,096▲ 54.8%€127,359▲ 38.3%€150,197▲ 17.9%
Working capital€2,845below the sector's middle half▲ 8.7%-€2,045below the sector's middle half€3,337below the sector's middle half€11,329within the sector's middle half▲ 239%€34,925within the sector's middle half▲ 208%
Solvency13.1%below the sector's middle half▲ 4.2pp-3.1%below the sector's middle half▼ 16.2pp3.5%below the sector's middle half▲ 6.7pp8.5%below the sector's middle half▲ 4.9pp18.9%below the sector's middle half▲ 10.5pp
Current ratio1.13within the sector's middle half▲ 0.040.97below the sector's middle half▼ 0.161.04below the sector's middle half▲ 0.071.09below the sector's middle half▲ 0.051.23within the sector's middle half▲ 0.14
Return on assets (ROA)1.9%within the sector's middle half▲ 12.5pp-8.8%below the sector's middle half▼ 10.7pp5.4%within the sector's middle half▲ 14.3pp6.1%within the sector's middle half▲ 0.6pp12.6%within the sector's middle half▲ 6.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 167% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €185,306
Fixed assets
€568 ▼ 34.8%
Current assets
€184,738 ▲ 33.6%
Equity and liabilities €185,306
Equity
€35,109 ▲ 197%
Debt
€150,197 ▲ 17.9%
Debt's share of the balance-sheet total falls from 91.5% to 81.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34,511▲
2023 · €12,921
Cash flow
€23,596▲
2023 · €8,516
Quick ratio
1.08▲
2023 · 0.97
Debt to equity
4.28▼
2023 · 10.78
ROE
66.3%▼
2023 · 71.3%
Interest coverage
166.98▲
2023 · 37.90
Debt ≤ 1 year
€149,812▲
2023 · €126,974
Income taxes
€10,755▲
2023 · €4,239
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €195 | €196 | €196 | €86 | €303 | ▲ 251% |
| Other operating charges640/8 | - | €446 | €466 | €870 | €1,477 | ▲ 69.7% |
| Gross operating margin9900 | €1,430 | -€4,398 | €9,602 | €13,791 | €35,988 | ▲ 161% |
| Operating profit (loss)9901 | €746 | -€5,040 | €8,941 | €12,835 | €34,208 | ▲ 167% |
| Financial income75/76B | - | €139 | €47 | €175 | €46 | ▼ 73.4% |
| Recurring financial income75 | €95 | €139 | €47 | €175 | €46 | ▼ 73.4% |
| Financial charges65/66B | - | €93 | €444 | €341 | €207 | ▼ 39.4% |
| Recurring financial charges65 | €17 | €93 | €444 | €341 | €207 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | €824 | -€4,994 | €8,544 | €12,669 | €34,048 | ▲ 169% |
| Income taxes67/77 | €349 | €92 | €3,357 | €4,239 | €10,755 | ▲ 154% |
| Profit (loss) for the period9904 | €475 | -€5,086 | €5,187 | €8,430 | €23,293 | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €475 | -€5,086 | €5,187 | €8,430 | €23,293 | ▲ 176% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,162 | €57,679 | €95,483 | €139,175 | €185,306 | ▲ 33.1% |
| Fixed assets21/28 | €440 | €244 | €49 | €871 | €568 | ▼ 34.8% |
| Tangible fixed assets22/27 | €440 | €244 | €49 | €871 | €568 | ▼ 34.8% |
| Plant, machinery and equipment23 | - | €96 | €48 | - | - | - |
| Furniture and vehicles24 | - | €148 | €1 | €871 | €568 | ▼ 34.8% |
| Current assets29/58 | €24,722 | €57,435 | €95,434 | €138,304 | €184,738 | ▲ 33.6% |
| Stocks and contracts in progress3 | €10,224 | €16,937 | €16,273 | €14,552 | €22,544 | ▲ 54.9% |
| Stocks30/36 | - | €16,937 | €16,273 | €14,552 | €22,544 | ▲ 54.9% |
| Amounts receivable within one year40/41 | €13,245 | €40,108 | €75,455 | €113,005 | €140,645 | ▲ 24.5% |
| Trade receivables40 | - | €7,915 | €19,321 | €28,182 | €30,189 | ▲ 7.1% |
| Other amounts receivable41 | - | €32,193 | €56,134 | €84,823 | €110,456 | ▲ 30.2% |
| Cash at bank and in hand54/58 | €1,253 | €390 | €3,706 | €10,293 | €21,073 | ▲ 105% |
| Deferred charges and accrued income490/1 | - | - | - | €454 | €475 | ▲ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,162 | €57,679 | €95,483 | €139,175 | €185,306 | ▲ 33.1% |
| Equity10/15 | €3,285 | -€1,801 | €3,386 | €11,816 | €35,109 | ▲ 197% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€2,915 | -€8,001 | -€2,814 | €5,616 | €28,909 | ▲ 415% |
| Amounts payable17/49 | €21,877 | €59,480 | €92,096 | €127,359 | €150,197 | ▲ 17.9% |
| Amounts payable within one year42/48 | €21,877 | €59,480 | €92,096 | €126,974 | €149,812 | ▲ 18.0% |
| Trade debts44 | €15,343 | €34,109 | €27,264 | €26,906 | €14,356 | ▼ 46.6% |
| Suppliers440/4 | - | €34,109 | €27,264 | €26,906 | €14,356 | ▼ 46.6% |
| Advances received on contracts in progress46 | - | €24,931 | €61,476 | €92,831 | €113,058 | ▲ 21.8% |
| Taxes, remuneration and social security45 | - | €440 | €3,357 | €7,237 | €22,398 | ▲ 209% |
| Taxes450/3 | - | €440 | €3,357 | €7,237 | €22,398 | ▲ 209% |
| Accrued charges and deferred income492/3 | - | - | - | €384 | €384 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €475 | -€5,086 | €5,187 | €8,430 | €23,293 | ▲ 176% |
| + Depreciation and write-downs630 | €195 | €196 | €196 | €86 | €303 | ▲ 251% |
| Operating cash flow (approximation) | €670 | -€4,890 | €5,383 | €8,516 | €23,596 | ▲ 177% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | -€908 | €0 | ▲ 100% |
| Change in cash | - | -€863 | €3,316 | €6,587 | €10,781 | ▲ 63.7% |
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
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2019net €23,293 ▲176%
Operating result €34,208, net result €23,293, both a record.
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 136 days late
2022
31-12
Financial
Back to profitnet €5,187
Net result €5,187 after one loss-making year.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
2021
31-12
Financial
Weakest financial yearnet -€5,086
Net result drops to -€5,086, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €475
Net result €475 after one loss-making year.
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Bouillon · 1 establishment unit since 2019
Ground area
955 m²
Building footprint
170 m²
Volume, LiDAR
1,845 m³
2 parcels, Wallonia · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ORNICOM
since 20192.288.053.321
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84010D0070/00C000 | Wallonia | 683 m² | 1 · 49 m² | 8.6 m · 3 fl. |
| 84010C0236/00H000 | Wallonia | 272 m² | 1 · 120 m² | 14.7 m · 4 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.
Similar companies · same sector, comparable size
Decleir Domien
BE 0479.437.940
Kortemark · Eq €35,110
VANGEEL DIRK ELECTRICITEITSWERKEN
BE 0762.499.677
Nieuwerkerken (Limb.) · Eq €35,085
Technics4u
BE 0735.966.318
Eeklo · Eq €35,037
Deneweth Maarten
BE 0760.930.158
Lichtervelde · Eq €35,026
KTM
BE 0824.882.654
Anderlecht · Eq €35,197
Of 22,818 companies in this sector we hold annual accounts for 10,343. 8,181 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
46140Agents in the wholesale of industrial machinery, ships and aircraft
46341Wholesale of wines and spirits
46474Wholesale trade
80090Investigation and security activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723707496
Also
9925:BE0723707496
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.