ORPEGAM
InactiveFinancials · financial year 2025, micro format
2025 annual accounts filed 3 days after the deadline Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00373455.
Annual accounts 2025 filed on 03-08-2026 at the NBB all 19 filings
Equity
€991▼ 83.7%
2024 · €6,083
Total assets
€16,068▼ 31.2%
2024 · €23,370
Net result
-€5,092
2024 · €1,377
Working capital
-€8,430▼ 74.2%
2024 · -€4,839
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€5,248
2025
20182025
Net result
-€5,092
2025
20182025
Equity
€991
▼ 83.7%
2025
20182025
Total assets
€16,068
▼ 31.2%
2025
20182025
Debt
€15,077
▼ 12.8%
2025
20182025
Working capital
-€8,430
▼ 74.2%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€5,203-€11,479▲ 121%€11,303▼ 1.5%-€2,186-€21,252▼ 872%-€16,548▲ 22.1%€1,512-€5,248
Net result€2,915-€2,061▼ 29.3%€7,681▲ 273%-€146-€24,003▼ 16,397%-€19,360▲ 19.3%€1,377-€5,092
Equity€40,872-€42,134▲ 3.1%€49,015▲ 16.3%€48,069▼ 1.9%€24,067▼ 49.9%€4,707▼ 80.4%€6,083▲ 29.2%€991▼ 83.7%
Total assets€53,765-€56,961▲ 5.9%€64,014▲ 12.4%€62,411▼ 2.5%€45,998▼ 26.3%€34,975▼ 24.0%€23,370▼ 33.2%€16,068▼ 31.2%
Debt€12,893-€14,827▲ 15.0%€14,999▲ 1.2%€14,342▼ 4.4%€21,931▲ 52.9%€30,268▲ 38.0%€17,287▼ 42.9%€15,077▼ 12.8%
Working capital€23,618-€25,814▲ 9.3%€31,245▲ 21.0%€25,275▼ 19.1%€3,724▼ 85.3%-€12,659-€4,839▲ 61.8%-€8,430▼ 74.2%
The operating result for 2025 is a loss of €5,248, after a profit of €1,512 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16,068
Fixed assets
€9,421 ▼ 13.8%
Current assets
€6,647 ▼ 46.6%
Equity and liabilities €16,068
Equity
€991 ▼ 83.7%
Debt
€15,077 ▼ 12.8%
Debt's share of the balance-sheet total rises from 74.0% to 93.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,736▼
2024 · €3,036
Cash flow
-€3,580▼
2024 · €2,901
Current ratio
0.44▼
2024 · 0.72
ROA
-31.7%▼
2024 · 5.9%
Interest coverage
24.24▲
2024 · 5.81
Debt ≤ 1 year
€15,077▼
2024 · €17,275
Income taxes
€0▼
2024 · €26
The equity ratios are withheld because equity of €991 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,662 | - | - | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €1,626 | €2,371 | €1,977 | €1,524 | €1,513 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,058 | €3,045 | €999 | €1,626 | €2,371 | €1,977 | €1,524 | €1,513 | ▼ 0.8% |
| Other operating charges640/8 | - | - | - | €359 | €390 | €427 | €433 | €400 | ▼ 7.8% |
| Gross operating margin9900 | €8,421 | €15,182 | €13,899 | -€201 | -€18,491 | -€14,144 | €3,469 | -€3,336 | - |
| Operating profit (loss)9901 | €5,203 | €11,479 | €11,303 | -€2,186 | -€21,252 | -€16,548 | €1,512 | -€5,248 | - |
| Financial income75/76B | - | - | - | €6,044 | €983 | €1,174 | €414 | €2 | ▼ 99.6% |
| Recurring financial income75 | €412 | €1,392 | €755 | €6,044 | €983 | €1,174 | €414 | €2 | ▼ 99.6% |
| Financial charges65/66B | - | - | - | €3,681 | €3,701 | €3,949 | €523 | -€154 | - |
| Recurring financial charges65 | €1,064 | €9,796 | -€390 | €3,681 | €3,701 | €3,949 | €523 | -€154 | - |
| Profit (loss) for the period before taxes9903 | €4,552 | €3,075 | €12,448 | €177 | -€23,969 | -€19,323 | €1,403 | -€5,092 | - |
| Income taxes67/77 | €1,637 | €1,013 | €4,766 | €322 | €34 | €37 | €26 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €2,915 | €2,061 | €7,681 | -€146 | -€24,003 | -€19,360 | €1,377 | -€5,092 | - |
| Profit (loss) for the period to be appropriated9905 | €2,915 | €2,061 | €7,681 | -€146 | -€24,003 | -€19,360 | €1,377 | -€5,092 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €53,765 | €56,961 | €64,014 | €62,411 | €45,998 | €34,975 | €23,370 | €16,068 | ▼ 31.2% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €17,614 | €16,319 | €17,770 | €22,806 | €20,435 | €18,458 | €10,934 | €9,421 | ▼ 13.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €9,181 | €7,886 | €9,337 | €14,373 | €12,002 | €10,025 | €2,500 | €988 | ▼ 60.5% |
| Land and buildings22 | - | - | - | €6,000 | €6,000 | €6,000 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €6,356 | €4,807 | €3,258 | €2,060 | €869 | ▼ 57.8% |
| Furniture and vehicles24 | - | - | - | €2,017 | €1,195 | €766 | €441 | €119 | ▼ 73.0% |
| Financial fixed assets28 | €8,433 | €8,433 | €8,433 | €8,433 | €8,433 | €8,433 | €8,433 | €8,433 | = |
| Current assets29/58 | €36,151 | €40,642 | €46,243 | €39,605 | €25,563 | €16,517 | €12,436 | €6,647 | ▼ 46.6% |
| Amounts receivable within one year40/41 | €8,020 | €13,751 | €9,384 | €9,926 | €6,796 | €4,540 | €7,430 | €5,433 | ▼ 26.9% |
| Trade receivables40 | - | - | - | €6,196 | €3,764 | €4,077 | €6,966 | €5,294 | ▼ 24.0% |
| Other amounts receivable41 | - | - | - | €3,730 | €3,031 | €463 | €463 | €140 | ▼ 69.9% |
| Current investments50/53 | €13,376 | €5,270 | €6,287 | €8,194 | €7,474 | €4,677 | €1,115 | €49 | ▼ 95.6% |
| Cash at bank and in hand54/58 | €14,584 | €21,301 | €28,968 | €20,882 | €11,219 | €7,300 | €3,889 | €1,164 | ▼ 70.1% |
| Deferred charges and accrued income490/1 | - | - | - | €604 | €75 | - | €3 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €53,765 | €56,961 | €64,014 | €62,411 | €45,998 | €34,975 | €23,370 | €16,068 | ▼ 31.2% |
| Equity10/15 | €40,872 | €42,134 | €49,015 | €48,069 | €24,067 | €4,707 | €6,083 | €991 | ▼ 83.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €7,124 | €8,374 | €15,974 | €15,974 | €15,974 | €15,974 | €15,974 | €15,974 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €14,114 | €14,114 | €14,114 | €14,114 | €14,114 | = |
| Profit (loss) carried forward14 | €15,148 | €15,159 | €14,441 | €13,495 | -€10,508 | -€29,868 | -€28,491 | -€33,583 | ▼ 17.9% |
| Amounts payable17/49 | €12,893 | €14,827 | €14,999 | €14,342 | €21,931 | €30,268 | €17,287 | €15,077 | ▼ 12.8% |
| Amounts payable within one year42/48 | €12,533 | €14,827 | €14,999 | €14,330 | €21,839 | €29,176 | €17,275 | €15,077 | ▼ 12.7% |
| Trade debts44 | €674 | €3,726 | €5,118 | €2,575 | €3,152 | €2,037 | €661 | €1,445 | ▲ 119% |
| Suppliers440/4 | - | - | - | €2,575 | €3,152 | €2,037 | €661 | €1,445 | ▲ 119% |
| Taxes, remuneration and social security45 | - | - | - | €4,499 | €2,216 | €736 | €649 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €4,499 | €2,216 | €736 | €649 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €7,256 | €16,472 | €26,403 | €15,965 | €13,632 | ▼ 14.6% |
| Accrued charges and deferred income492/3 | - | - | - | €12 | €92 | €1,093 | €12 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,915 | €2,061 | €7,681 | -€146 | -€24,003 | -€19,360 | €1,377 | -€5,092 | - |
| + Depreciation and write-downs630 | €3,058 | €3,045 | €999 | €1,626 | €2,371 | €1,977 | €1,524 | €1,513 | ▼ 0.8% |
| Operating cash flow (approximation) | €5,973 | €5,106 | €8,680 | €1,481 | -€21,632 | -€17,383 | €2,901 | -€3,580 | - |
| Investment in fixed assets (approximation) | - | -€1,750 | -€2,450 | -€6,662 | €0 | €0 | €6,000 | €0 | ▼ 100% |
| Change in cash | - | €6,717 | €7,667 | -€8,086 | -€9,663 | -€3,919 | -€3,411 | -€2,725 | ▲ 20.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-08-2026 | 2026-00373455 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00421125 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00390682 | |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00232092 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20305679 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-53400438 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-45800076 | |
| 31-12-2018 | micro format | 23-05-2019 | 2019-14200234 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-34200008 | |
| 31-12-2016 | micro format | 03-08-2017 | 2017-41000445 |