ORPSY
ActiveSummary
ORPSY has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €402k and a net result of €111k. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 1648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+8
Solvency76▼-24
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 10.73 in 2024; short-term debt: 49.2% and cash: 6.9% of total assets), and 49.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.7%
Return on assets
13.9%
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 28-08-2026, 28 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
28 d late
2024
24 d late
2023
30 d late
2022
3 d early
2021
4 d early
2020
3 d early
2019
31 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€402k▼ 32.0%
2024 · €592k
Total assets
€793k▲ 21.9%
2024 · €651k
Net result
€111k▲ 134%
2024 · €47k
Working capital
€384k▼ 32.7%
2024 · €571k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€65k€63k▼ 3.2%€75k▲ 17.8%€59k▼ 21.3%€146k▲ 148%
Net result€74k▲ 821%€54k▼ 26.9%€49k▼ 9.2%€47k▼ 4.3%€111k▲ 134%
Equity€1.04M▲ 5.5%€495k▼ 52.4%€544k▲ 10.0%€592k▲ 8.7%€402k▼ 32.0%
Total assets€1.15M▲ 7.2%€1.17M▲ 2.3%€608k▼ 48.2%€651k▲ 7.0%€793k▲ 21.9%
Debt€106k▲ 26.4%€679k▲ 537%€64k▼ 90.6%€59k▼ 7.9%€391k▲ 565%
Working capital€1.01M▲ 7.0%€462k▼ 54.1%€524k▲ 13.4%€571k▲ 9.0%€384k▼ 32.7%
Staff (FTE)1.6▼ 33.3%2▲ 25.0%2=2=2.3▲ 15.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 148% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €793k
Fixed assets
€18k ▼ 11.4%
Current assets
€775k ▲ 23.0%
Equity and liabilities €793k
Equity
€402k ▼ 32.0%
Debt
€391k ▲ 565%
Debt's share of the balance-sheet total rises from 9.0% to 49.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€156k▲
2024 · €67k
Cash flow
€120k▲
2024 · €56k
Current ratio
1.99▼
2024 · 10.73
Debt to equity
0.97▲
2024 · 0.10
ROE
27.5%▲
2024 · 8.0%
ROA
13.9%▲
2024 · 7.3%
Interest coverage
2054.09▲
2024 · 222.14
Debt ≤ 1 year
€390k▲
2024 · €59k
Income taxes
€44k▲
2024 · €20k
Staff costs
€133k▲
2024 · €124k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €101k | €135k | €126k | €124k | €133k | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €13k | €9k | €10k | ▲ 13.7% |
| Other operating charges640/8 | €2k | €6k | €1k | €479 | €2k | ▲ 250% |
| Gross operating margin9900 | €182k | €216k | €215k | €192k | €290k | ▲ 50.9% |
| Operating profit (loss)9901 | €65k | €63k | €75k | €59k | €146k | ▲ 148% |
| Financial income75/76B | €33k | €13k | €7k | €8k | €8k | ▼ 1.1% |
| Recurring financial income75 | €16k | €13k | €7k | €8k | €8k | ▼ 1.1% |
| Non-recurring financial income76B | €16k | - | - | - | - | - |
| Financial charges65/66B | €251 | €579 | €2k | €303 | €76 | ▼ 75.0% |
| Recurring financial charges65 | €251 | €579 | €2k | €303 | €76 | ▼ 75.0% |
| Profit (loss) for the period before taxes9903 | €98k | €76k | €80k | €67k | €154k | ▲ 130% |
| Income taxes67/77 | €23k | €21k | €30k | €20k | €44k | ▲ 122% |
| Profit (loss) for the period9904 | €74k | €54k | €49k | €47k | €111k | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €74k | €54k | €49k | €47k | €111k | ▲ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.15M | €1.17M | €608k | €651k | €793k | ▲ 21.9% |
| Fixed assets21/28 | €34k | €33k | €21k | €21k | €18k | ▼ 11.4% |
| Intangible fixed assets21 | - | - | - | - | €7k | - |
| Tangible fixed assets22/27 | €34k | €33k | €20k | €21k | €11k | ▼ 46.9% |
| Plant, machinery and equipment23 | €511 | - | - | €816 | €519 | ▼ 36.4% |
| Furniture and vehicles24 | €17k | €18k | €10k | €15k | €10k | ▼ 31.9% |
| Other tangible fixed assets26 | €17k | €16k | €10k | €5k | €530 | ▼ 89.9% |
| Financial fixed assets28 | €227 | €227 | €227 | €227 | €227 | = |
| Current assets29/58 | €1.11M | €1.14M | €588k | €630k | €775k | ▲ 23.0% |
| Amounts receivable within one year40/41 | €943k | €697k | €385k | €561k | €718k | ▲ 28.0% |
| Trade receivables40 | €182k | €183k | €160k | €188k | €247k | ▲ 31.5% |
| Other amounts receivable41 | €761k | €514k | €225k | €373k | €470k | ▲ 26.2% |
| Current investments50/53 | €75k | €320k | - | - | - | - |
| Cash at bank and in hand54/58 | €95k | €124k | €202k | €67k | €55k | ▼ 19.2% |
| Deferred charges and accrued income490/1 | - | - | €1k | €1k | €2k | ▲ 62.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.15M | €1.17M | €608k | €651k | €793k | ▲ 21.9% |
| Equity10/15 | €1.04M | €495k | €544k | €592k | €402k | ▼ 32.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €92k | €92k | €92k | €92k | €92k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €1k | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | €89k | €89k | €89k | €89k | €89k | = |
| Profit (loss) carried forward14 | €930k | €384k | €434k | €481k | €292k | ▼ 39.4% |
| Amounts payable17/49 | €106k | €679k | €64k | €59k | €391k | ▲ 565% |
| Amounts payable within one year42/48 | €106k | €679k | €64k | €59k | €390k | ▲ 565% |
| Trade debts44 | €60k | €40k | €26k | €24k | €29k | ▲ 19.2% |
| Suppliers440/4 | €60k | €40k | €26k | €24k | €29k | ▲ 19.2% |
| Taxes, remuneration and social security45 | €26k | €39k | €38k | €34k | €61k | ▲ 78.2% |
| Taxes450/3 | €17k | €22k | €15k | €16k | €45k | ▲ 181% |
| Remuneration and social security454/9 | €9k | €17k | €23k | €18k | €16k | ▼ 11.4% |
| Other amounts payable47/48 | €20k | €600k | - | - | €300k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €457 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74k | €54k | €49k | €47k | €111k | ▲ 134% |
| + Depreciation and write-downs630 | €13k | €13k | €13k | €9k | €10k | ▲ 13.7% |
| Operating cash flow (approximation) | €87k | €67k | €62k | €56k | €120k | ▲ 115% |
| Investment in fixed assets (approximation) | - | €-12k | €0 | €-9k | €-7k | ▲ 16.0% |
| Change in cash | - | €29k | €78k | €-134k | €-13k | ▲ 90.4% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €111k ▲134%
Operating result €146k, net result €111k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 24 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Liquidity times 5current ratio 9.22
Current ratio from 1.68 to 9.22; short-term debt falls from €679k to €64k.
31-12
Financial
Equity above €500kEq €544k ▲10%
6 profitable years in a row build equity to €544k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.04M ▲5.5%
4 profitable years in a row build equity to €1.04M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €8k ▼70.5%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1976
Ground area
299 m²
Building footprint
272 m²
Volume, LiDAR
3,700 m³
2 parcels, Flanders · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Martelaarslaan 10, 9000 Gent
since 19762.038.441.439
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0953/00S000indicative | Flanders | 162 m² | 1 · 133 m² | 21.3 m · 6 fl. |
| 44806F0608/00A002 | Flanders | 137 m² | 1 · 139 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,669 EUR awarded · 1,669 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 669 EUR | 669 EUR |
| 2023 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
Similar companies · same sector, comparable size
B-SERVICES
BE 0476.932.865
Geraardsbergen · Eq €401,221
FIELDFORCE
BE 0465.191.016
Wommelgem · Eq €403,568
NETWERK
BE 0860.110.183
Antwerpen · Eq €403,944
EUROGESTORES
BE 0436.529.494
Brussel · Eq €400,156
HOLDING NOORDVLEES
BE 0453.024.345
Kalmthout · Eq €399,693
Of 2,711 companies in sector 73200 we hold annual accounts for 1,780. 1,303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-10-1976
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.