Financials
- Financial year
- 2025
- Turnover
- €2.6m
- Profit
- €3.4m
- Solvency
- 29.8%
Turnover▲ 9.4%
Net result
20182025
Summary
ORSA FUND is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €17.3m and a net result of €3.4m. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 23% of 2,973 sector peers (NACE 64, financial year 2025). The company has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210Other financial services NACE 64999
Oldest company in the province of Luxembourg, Financial services sector1 site
Size
€2.6mturnover 2025
- Staff
- 10.5 FTE
- Equity
- €17.3m
- Profit
- €3.4m
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Parent
- FINANCIERE DU SUD - EST · 74%
- Board
- 17 members
- Holdings
- 31
- Benoit COPPEEChair
Auditor: SRL 2C&BAccounts 114 days early
Signalsraises riskWeak solvency vs sectorlowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
Three signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2973 sector peers (2025).
NBB · sector comparisonPosition among 2973 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €17.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 days early
2024
122 days early
2023
112 days early
2022
96 days early
2021
125 days early
2020
123 days early
2019
107 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 114 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
13-10-2026 today31-12-2026 year end31-07-2027 deadline
- NameName change · Power of…
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €3.4m
Key points
- Positive: Back in profit in 2025after -€489,362 in 2024 €3.4m View
- Positive: Oldest company in the province of Luxembourg, Financial services sectorin the Checked rankings No. 1 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Controlled by FINANCIERE DU SUD -…the company in turn controls 5 companies 74% View
- Positive: 4 years of growth in a rowturnover 2025: €2.6m 4 years View
- A director leftlatest change 10-11-2025 · 17 in office 1 left View
By topic
Board & ownership
- Board
- 17 members
- Parent
- FINANCIERE DU SUD -… · 74%
- Auditor
- SRL 2C&B
- Benoit COPPEEChair
- Laurence CalozetDirector
- FSE SADirector
- Laurent LevauxDirector
- Fabian COLLARDDirector
and 12 other directors
Network & group
- Subsidiaries
- 5
- Holdings
- 31
- Connected companies
- 49
- Mergers and asset contributions
- 1
31 holdings
Timeline
- Events
- 77
- Since
- 1985
- Next accounts
- by 31-07-2027
- 10-11-2025Resignation: Magotteaux International SA (director)
- 24-04-2025Appointments: SRL 2C&B (statutory auditor) and SRL…
- 31-03-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Activities of holding companiesNACE 64210
- Founded
- 28-11-1983
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Purpose
- “L’objet de la société consiste à affecter ses moyens, en ce compris les moyens financiers…” (deed in French)
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