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ORPHEUS

Active
Private limited companyfounded 198936 yrs activeTurnovatoren 16, 2300 Turnhout, BelgiumKBO/BCE: BE 0439.069.114
Summary

ORPHEUS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€471,248) and a net result of -€55,283. Equity is shrinking by ~34.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
ORPHEUSActiveChecked score 53/100
Risk analysis ReportCompare

Overview

What they do
Activity not known1 site
How big
€155,426total assets 2025
Equity
-€471,248
Loss
-€55,283
Turnover not published (abridged schema)
Financially healthy?
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.8%
Who decides
Parent
fam Heeren · 99.87%
Accounts filed 26 d late0 of 5 deeds read
Why 53Capped at 59: negative equity- Loss of €55,283, the second in a row (FY 2025)- Negative equity -€471,248+ Size: total assets €155,426+ Founded in 1989Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 9% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -303.2% of total assets
Liquidity 1+1
short-term debt 403.2% · cash 0.5%
Profitability 0=
return on assets -35.6%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 1.8% 12-2024: 1.8%● 0.0% vs 11-2024 01-2025: 1.8%● 0.0% vs 12-2024 02-2025: 1.8%● 0.0% vs 01-2025 03-2025: 1.9%▲ +5.5% vs 02-2025 04-2025: 1.9%▼ -2.1% vs 03-2025 05-2025: 1.7%▼ -10.7% vs 04-2025 06-2025: 1.7%● 0.0% vs 05-2025 07-2025: 1.7%● 0.0% vs 06-2025 08-2025: 1.7%● 0.0% vs 07-2025 09-2025: 1.7%● 0.0% vs 08-2025 10-2025: 1.7%● 0.0% vs 09-2025 11-2025: 1.7%● 0.0% vs 10-2025 12-2025: 1.7%● 0.0% vs 11-2025 01-2026: 1.7%● 0.0% vs 12-2025 02-2026: 1.7%● 0.0% vs 01-2026 03-2026: 1.8%▲ +5.6% vs 02-2026 04-2026: 1.8%● 0.0% vs 03-2026 05-2026: 1.8%▲ +0.2% vs 04-2026 06-2026: 2.0%▲ +12.8% vs 05-2026 07-2026: 2.1%▲ +6.0% vs 06-2026 08-2026: 2.9%▲ +34.0% vs 07-2026highest value 09-2026: 0.8%▼ -73.7% vs 08-2026lowest value 10-2026: 0.8%● 0.0% vs 09-2026lowest value
  • Size: total assets €155,426 lowers the probability for this profile
  • Loss of €55,283, the second in a row (FY 2025) raises the probability
  • Founded in 1989 lowers the probability for this profile
  • Negative equity -€471,248 raises the probability
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 403.2% and cash: 0.5% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 4%, profitability 4%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €155,426
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €55,283, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity -€471,248
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€471,248
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
26 d late
2024
97 d early
2023
33 d early
2022
on the day
2021
31 d late
2020
31 d late
2019
105 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 9 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 31 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Weakest financial yearnet -€110,615

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€471,248 View
  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€55,283 View
  • Positive: Result rose in 2025from -€110,615 to -€55,283 ▲ 50.0% View
  • Controlled by fam Heerenknown shareholders 100% 99.87% View

By topic

Financials

Fiscal year
2025
Total assets
€155,426
Loss
-€55,283
Solvency
-303.2%
Total assets▼ 3.9%
Net result
20182025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-07-2027
  1. 26-08-2026Annual accounts filed
  2. 25-04-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Founded
01-12-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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