ORSA Group
ActiveThe computed 12-month bankruptcy probability of ORSA Group is 2.5% (moderate). The 2025 annual accounts show negative equity (€-22k) and a net result of €-10k. Equity is shrinking by ~110.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 11297 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▲+8
Solvency7▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 0.77 in 2024; short-term debt: 118.1% and cash: 7.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-18.1%
Return on assets
-8.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-22k
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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
12 d early
2023
105 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-22k▼ 87.0%
2024 · €-12k
2023: €4k
2024: €-12k
2023 → 2025
Total assets
€123k▲ 70.1%
2024 · €72k
2023: €8k
2024: €72k
2023 → 2025
Net result
€-10k▲ 34.6%
2024 · €-16k
2023: €940
2024: €-16k
2023 → 2025
Working capital
€-27k▼ 38.3%
2024 · €-20k
2023: €4k
2024: €-20k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€4k-€-12k€-22k▼ 87.0%
Operating result€1k-€-16k€-10k▲ 37.1%
Net result€940-€-16k€-10k▲ 34.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€5k▼ 36.9%
Current assets
€118k▲ 82.9%
Key figures and ratios
EBITDA
€-7k▲
2024 · €-15k
Cash flow
€-8k▲
2024 · €-15k
Solvency
-18.1%▼
2024 · -16.5%
Current ratio
0.81▲
2024 · 0.77
Quick ratio
0.16▼
2024 · 0.28
Debt / equity
-6.52▲
2024 · -7.07
ROA
-8.4%▲
2024 · -21.9%
Interest coverage
-13.56▲
2024 · -65.70
Debt
€145k▲
2024 · €84k
Debt ≤ 1 year
€145k▲
2024 · €84k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€72k€123k▲
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€5k▼
Furniture and vehicles24€8k€5k▼
Current assets29/58€65k€118k▲
Stocks and contracts in progress3€41k€95k▲
Stocks30/36€41k€95k▲
Amounts receivable within one year40/41€9k€14k▲
Trade receivables40€9k€14k▲
Cash at bank and in hand54/58€15k€9k▼
Deferred charges and accrued income490/1-€106
Equity and liabilities
Total equity and liabilities10/49€72k€123k▲
Equity10/15€-12k€-22k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-15k€-25k▼
Amounts payable17/49€84k€145k▲
Amounts payable within one year42/48€84k€145k▲
Trade debts44€744€41k▲
Suppliers440/4€744€41k▲
Taxes, remuneration and social security45€990€1k▲
Taxes450/3€990€1k▲
Other amounts payable47/48€82k€102k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€833€3k▲
Other operating charges640/8€118€429▲
Gross operating margin9900€-15k€-7k▲
Operating profit (loss)9901€-16k€-10k▲
Financial income75/76B€15€1▼
Recurring financial income75€15€1▼
Financial charges65/66B€225€516▲
Recurring financial charges65€225€516▲
Profit (loss) for the period before taxes9903€-16k€-10k▲
Profit (loss) for the period9904€-16k€-10k▲
Profit (loss) for the period to be appropriated9905€-16k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-25k▼
Profit (loss) brought forward from the previous period14P€940€-15k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k ▼1784%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Registered office, Grimbergen · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grotewinkellaan 801853 GrimbergenGround area
222 m²
Building footprint
86 m²
Volume, LiDAR
765 m³
Parcel 23084A0342/00E000, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ORSA GROUP
since 20232.342.519.019
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0342/00E000 | Flanders | 222 m² | 1 · 86 m² | 13.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrimbergen2.342.519.019
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Of 1,641 companies in sector 46170 we hold annual accounts for 671. 239 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2023
Fiscal year end31-12
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
46332Wholesale trade
47120Other non-specialised retail sale
47279Other retail sale of food
47299Retail trade
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:mohamad.katnaji90@gmail.com
Phone:+32477811068
Phone:0477811068