ORR

Inactive

KBO/BCE: BE 0871.034.858

ORR was declared bankrupt on 21-09-2021 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 11-07-2023, published in the Belgian State Gazette on 11-08-2023.

Summary

Inactive; last annual accounts for fiscal year 2018.

Risk analysis Watch Report Compare

ORRInactive

Risk analysis Report Compare

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

No filing for years

The last filed financial year closed on 30-06-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

30-06-2019 close31-01-2020 deadline26-09-2026 today

Filed more than 90 days late

The financial year that closed on 30-06-2018 was due by 31-01-2019 and was filed on 03-07-2019, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

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

History

Total assets went from EUR 2 million in 2014 to EUR 3.7 million in 2018 and headcount from 5 to 4.7 full-time equivalents.¹ ORR was declared bankrupt on 21 September 2021; the bankruptcy was closed on 11 July 2023.²³

Financials · fiscal year 2018, abbreviated schema

Equity

-€800,576▲ 0.6%

2017 · -€805,442

Total assets

€3.7m▲ 84.0%

2017 · €2.0m

Net result

€4,866

2017 · -€108,759

Working capital

-€1.3m▲ 4.3%

2017 · -€1.4m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20142015201620172018

Operating result€54,442--€28,149-€731,364▼ 2,498%-€107,200▲ 85.3%€9,198

Net result€4,684--€29,658-€731,585▼ 2,367%-€108,759▲ 85.1%€4,866

Equity€64,559-€34,901▼ 45.9%-€696,683-€805,442▼ 15.6%-€800,576▲ 0.6%

Total assets€2.0m-€2.9m▲ 44.8%€3.1m▲ 7.0%€2.0m▼ 35.5%€3.7m▲ 84.0%

Debt€1.9m-€2.9m▲ 47.8%€3.8m▲ 32.6%€2.8m▼ 26.1%€4.5m▲ 59.8%

Working capital-€851,816--€749,438▲ 12.0%-€1.4m▼ 83.5%-€1.4m▼ 1.8%-€1.3m▲ 4.3%

Staff (FTE)5-4.7▼ 6.0%5.4▲ 14.9%4.7▼ 13.0%4.7=

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2018: €9,198 after a loss of €107,200 in 2017.

Balance-sheet composition

2018 in colour, 2017 as the grey bar beneath

Assets €3.7m

14.6%

85.4%

Fixed assets €538,145 ▼ 9.4%

Current assets €3.2m ▲ 123%

Key figures and ratios

2018 value · change against 2017

EBITDA

€136,255▲

2017 · €7,580

Cash flow

€131,923▲

2017 · €6,021

Solvency

-21.7%▲

2017 · -40.1%

Current ratio

0.70▲

2017 · 0.50

ROA

0.1%▲

2017 · -5.4%

Debt ≤ 1 year

€4.5m▲

2017 · €2.8m

Income taxes

€2,175▲

2017 · €1,222

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2018 against 2017 · 26 lines

Balance sheet Code20172018

Assets

Total assets20/58€2.0m€3.7m▲

Fixed assets21/28€593,907€538,145▼

Intangible fixed assets21€77,822-

Tangible fixed assets22/27€66,571€88,631▲

Financial fixed assets28€449,514€449,514=

Current assets29/58€1.4m€3.2m▲

Amounts receivable within one year40/41€1.4m€3.1m▲

Current investments50/53€25,008€9▼

Cash at bank and in hand54/58€17,392€37,438▲

Equity and liabilities

Total equity and liabilities10/49€2.0m€3.7m▲

Equity10/15-€805,442-€800,576▲

Contributions10/11€7,500€7,500=

Reserves13€169,908€169,908=

Profit (loss) carried forward14-€982,850-€977,984▲

Amounts payable17/49€2.8m€4.5m▲

Amounts payable within one year42/48€2.8m€4.5m▲

Trade debts44€2.8m€4.3m▲

Income statement Code20172018

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114,780€127,056▲

Gross operating margin9900€421,134€584,478▲

Operating profit (loss)9901-€107,200€9,198▲

Recurring financial income75€5€34▲

Recurring financial charges65€342€2,191▲

Profit (loss) for the period before taxes9903-€107,536€7,042▲

Income taxes67/77€1,222€2,175▲

Profit (loss) for the period9904-€108,759€4,866▲

Profit (loss) for the period to be appropriated9905-€108,759€4,866▲

Line	2014	2015	2016	2017	2018	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€140,403	€139,675	€136,110	€114,780	€127,056	▲ 10.7%
Gross operating margin9900	€652,536	€598,464	-€163,902	€421,134	€584,478	▲ 38.8%
Operating profit (loss)9901	€54,442	-€28,149	-€731,364	-€107,200	€9,198	▲ 109%
Recurring financial income75	€1,142	€0	€41	€5	€34	▲ 547%
Recurring financial charges65	€12,487	€221	€889	€342	€2,191	▲ 541%
Profit (loss) for the period before taxes9903	€42,468	-€28,705	-€730,076	-€107,536	€7,042	▲ 107%
Income taxes67/77	€37,784	€953	€1,508	€1,222	€2,175	▲ 78.0%
Profit (loss) for the period9904	€4,684	-€29,658	-€731,585	-€108,759	€4,866	▲ 104%
Profit (loss) for the period to be appropriated9905	€4,684	-€29,658	-€731,585	-€108,759	€4,866	▲ 104%

Line	2014	2015	2016	2017	2018	Change
Assets
Total assets20/58	€2.0m	€2.9m	€3.1m	€2.0m	€3.7m	▲ 84.0%
Fixed assets21/28	€916,777	€784,340	€678,307	€593,907	€538,145	▼ 9.4%
Intangible fixed assets21	€311,287	€233,465	€155,644	€77,822	-	-
Tangible fixed assets22/27	€155,976	€101,361	€73,150	€66,571	€88,631	▲ 33.1%
Financial fixed assets28	€449,514	€449,514	€449,514	€449,514	€449,514	=
Current assets29/58	€1.1m	€2.1m	€2.4m	€1.4m	€3.2m	▲ 123%
Amounts receivable within one year40/41	€1.0m	€2.1m	€2.4m	€1.4m	€3.1m	▲ 127%
Current investments50/53	-	-	€5	€25,008	€9	▼ 100.0%
Cash at bank and in hand54/58	€81,804	€57,240	€43,347	€17,392	€37,438	▲ 115%
Equity and liabilities
Total equity and liabilities10/49	€2.0m	€2.9m	€3.1m	€2.0m	€3.7m	▲ 84.0%
Equity10/15	€64,559	€34,901	-€696,683	-€805,442	-€800,576	▲ 0.6%
Contributions10/11	€7,500	€7,500	€7,500	€7,500	€7,500	=
Reserves13	€170,250	€169,908	€169,908	€169,908	€169,908	=
Profit (loss) carried forward14	-€113,191	-€142,506	-€874,091	-€982,850	-€977,984	▲ 0.5%
Amounts payable17/49	€1.9m	€2.9m	€3.8m	€2.8m	€4.5m	▲ 59.8%
Amounts payable within one year42/48	€1.9m	€2.9m	€3.8m	€2.8m	€4.5m	▲ 59.8%
Trade debts44	€1.9m	€2.8m	€3.8m	€2.8m	€4.3m	▲ 55.3%

Line	2014	2015	2016	2017	2018	Change
Profit (loss) for the period9904	€4,684	-€29,658	-€731,585	-€108,759	€4,866	▲ 104%
+ Depreciation and write-downs630	€140,403	€139,675	€136,110	€114,780	€127,056	▲ 10.7%
Operating cash flow (approximation)	€145,087	€110,017	-€595,475	€6,021	€131,923	▲ 2,091%
Investment in fixed assets (approximation)	-	-€7,238	-€30,078	-€30,379	-€71,294	▼ 135%
Change in cash	-	-€24,564	-€13,893	-€25,955	€20,046	▲ 177%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 14Signals 2Financial 2Filings 10

2023

11-08

Bankruptcy Bankruptcy closure (by liquidation)

Ondernemingsrechtbank Gent, afdeling Gent · event 11-07-2023

2021

04-10

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · event 21-09-2021

2019

03-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 153 days late

03-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 518 days late

2018

30-06

Financial Back to profitnet €4,866

Net result €4,866 after 3 loss-making years.

10-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 434 days late

2016

01-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 183 days late

01-08

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 548 days late

30-06

Financial Weakest financial yearnet -€731,585

Net result drops to -€731,585, the lowest in the series.

2014

24-02

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 24 days late

2013

01-03

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema · 29 days late

2012

15-02

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema · 15 days late

2011

25-02

NBB filing Annual accounts filed

fiscal year 2010 · abbreviated schema · 25 days late

2010

15-02

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema · 15 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 6 acts read

About the unread acts

We know of 6 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

6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	GEERT DEFREYNE KORTRIJKSESTEENWEG 361, 9000 GENT	21-09-2021 → 11-07-2023