ORPH
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 131 days after the deadline Filed on 9 October 2026, deadline 31 May 2026 (7 months after the close on 31 October 2025, Companies Code art. 3:10). Source: NBB, 2026-00557837.
Annual accounts 2025 filed on 09-10-2026 at the NBB all 38 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,132, smaller than the loss of €2,970 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €348 | €348 | €384 | €387 | €464 | ▲ 19.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,250 | €250 | ▼ 80.0% |
| Gross operating margin9900 | -€1,143 | -€1,144 | -€750 | -€3,055 | -€1,662 | -€1,333 | -€1,417 | ▼ 6.3% |
| Operating profit (loss)9901 | -€1,143 | -€1,616 | -€1,098 | -€3,403 | -€2,046 | -€2,970 | -€2,132 | ▲ 28.2% |
| Financial income75/76B | - | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | €8 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | €66 | - | €1,284 | - | €564 | - |
| Recurring financial charges65 | €45 | €45 | €66 | - | €15 | - | €564 | - |
| Non-recurring financial charges66B | - | - | - | - | €1,269 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1,188 | -€1,653 | -€1,164 | -€3,403 | -€3,330 | -€2,970 | -€2,695 | ▲ 9.3% |
| Profit (loss) for the period9904 | -€1,188 | -€1,653 | -€1,164 | -€3,403 | -€3,330 | -€2,970 | -€2,695 | ▲ 9.3% |
| Profit (loss) for the period to be appropriated9905 | -€1,188 | -€1,653 | -€1,164 | -€3,403 | -€3,330 | -€2,970 | -€2,695 | ▲ 9.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €443,342 | €443,405 | €443,354 | €443,354 | €443,354 | €443,354 | €443,338 | = |
| Fixed assets21/28 | €126,122 | €126,122 | €126,122 | €126,122 | €126,122 | €126,122 | €126,122 | = |
| Financial fixed assets28 | €126,122 | €126,122 | €126,122 | €126,122 | €126,122 | €126,122 | €126,122 | = |
| Current assets29/58 | €317,220 | €317,283 | €317,232 | €317,232 | €317,232 | €317,232 | €317,216 | = |
| Current investments50/53 | €317,214 | €317,214 | €317,214 | €317,214 | €317,214 | €317,214 | €317,214 | = |
| Cash at bank and in hand54/58 | €6 | €69 | €18 | €18 | €18 | €18 | €2 | ▼ 88.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €443,342 | €443,405 | €443,354 | €443,354 | €443,354 | €443,354 | €443,338 | = |
| Equity10/15 | €410,778 | €409,125 | €407,961 | €404,559 | €401,229 | €398,259 | €395,563 | ▼ 0.7% |
| Contributions10/11 | €82,722 | €82,722 | €82,945 | €82,945 | €82,945 | €82,945 | €82,945 | = |
| Capital10 | - | - | €82,722 | €82,722 | €82,722 | €82,722 | €82,722 | = |
| Issued capital100 | - | - | €82,722 | €82,722 | €82,722 | €82,722 | €82,722 | = |
| Contributions outside capital11 | - | - | €223 | €223 | €223 | €223 | €223 | = |
| Share premium1100/10 | - | - | €223 | €223 | €223 | €223 | €223 | = |
| Reserves13 | €364,686 | €364,686 | €364,686 | €364,686 | €364,686 | €364,686 | €364,686 | = |
| Non-distributable reserves130/1 | - | - | €8,267 | €8,267 | €8,267 | €8,267 | €8,267 | = |
| Legal reserve130 | - | - | €8,267 | €8,267 | €8,267 | €8,267 | €8,267 | = |
| Distributable reserves133 | - | - | €356,418 | €356,418 | €356,418 | €356,418 | €356,418 | = |
| Profit (loss) carried forward14 | -€36,853 | -€38,506 | -€39,669 | -€43,072 | -€46,402 | -€49,372 | -€52,067 | ▼ 5.5% |
| Amounts payable17/49 | €32,565 | €34,281 | €35,393 | €38,796 | €42,126 | €45,096 | €47,775 | ▲ 5.9% |
| Amounts payable within one year42/48 | €32,565 | €34,281 | €35,393 | €38,796 | €42,126 | €45,096 | €47,775 | ▲ 5.9% |
| Trade debts44 | €1,089 | - | €1,098 | €3,411 | €2,870 | €4,200 | €1,489 | ▼ 64.6% |
| Suppliers440/4 | - | - | €1,098 | €3,411 | €2,870 | €4,200 | €1,489 | ▼ 64.6% |
| Other amounts payable47/48 | - | - | €34,296 | €35,385 | €39,256 | €40,896 | €46,286 | ▲ 13.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,188 | -€1,653 | -€1,164 | -€3,403 | -€3,330 | -€2,970 | -€2,695 | ▲ 9.3% |
| Operating cash flow (approximation) | -€1,188 | -€1,653 | -€1,164 | -€3,403 | -€3,330 | -€2,970 | -€2,695 | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €63 | -€51 | €0 | €0 | €0 | -€16 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as ORPH has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ORPH itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for ORPH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-10-2025 | abbreviated format | 09-10-2026 | 2026-00557837 | |
| 31-10-2024 | micro format | 02-06-2025 | 2025-00116279 | |
| 31-10-2023 | micro format | 05-08-2024 | 2024-00333505 | |
| 31-10-2022 | micro format | 12-12-2023 | 2023-00527938 | |
| 31-10-2021 | micro format | 02-12-2022 | 2022-20532052 | |
| 31-10-2020 | micro format | 02-02-2022 | 2022-04500365 | |
| 31-10-2019 | micro format | 30-06-2020 | 2020-23800168 | |
| 31-10-2018 | micro format | 13-06-2019 | 2019-18000389 | |
| 31-10-2017 | micro format | 27-04-2018 | 2018-11000289 | |
| 31-10-2016 | full format | 24-07-2017 | 2017-35400368 |