ORSA MANAGEMENT
ActiveORSA MANAGEMENT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €740k and a net result of €292k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+36
Solvency90▲+18
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 6.3 against 4.61 in 2024; short-term debt: 7.3% and cash: 32.9% of total assets), and 34.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
65.2%
Return on assets
25.7%
Age of the figures
15 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-02-2026, 12 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
12 d late
2024
349 d late
2023
37 d late
2022
381 d late
2021
88 d late
2020
80 d late
2019
446 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€740k▼ 1.1%
2024 · €748k
2019: €387k
2020: €871k
2021: €857k
2022: €809k
2023: €814k
2024: €748k
2019 → 2025
Total assets
€1.13M▼ 28.5%
2024 · €1.59M
2019: €1.98M
2020: €2.60M
2021: €2.52M
2022: €2.71M
2023: €2.01M
2024: €1.59M
2019 → 2025
Net result
€292k
2024 · €-66k
2019: €116k
2020: €484k
2021: €-14k
2022: €-47k
2023: €5k
2024: €-66k
2019 → 2025
Working capital
€441k▼ 9.3%
2024 · €486k
2019: €1.14M
2020: €1.29M
2021: €1.12M
2022: €1.47M
2023: €916k
2024: €486k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€857k-€809k▼ 5.5%€814k▲ 0.6%€748k▼ 8.1%€740k▼ 1.1%
Operating result€105k-€10k▼ 90.1%€47k▲ 349%€-147k€-318k▼ 116%
Net result€-14k-€-47k▼ 238%€5k€-66k€292k
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 €318k in 2025 against €147k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€610k▼ 36.8%
Current assets
€524k▼ 15.6%
Equity and liabilities €1.13M
Equity
€740k▼ 1.1%
Debt
€394k▼ 53.0%
The debt ratio falls from 52.9% to 34.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-290k▼
2024 · €-9k
Cash flow
€320k▲
2024 · €72k
Solvency
65.2%▲
2024 · 47.1%
Current ratio
6.30▲
2024 · 4.61
Quick ratio
6.30▲
2024 · 4.61
Debt / equity
0.53▼
2024 · 1.12
ROE
39.5%▲
2024 · -8.8%
ROA
25.7%▲
2024 · -4.1%
Interest coverage
-25.44▼
2024 · -0.18
Debt
€394k▼
2024 · €839k
Debt ≤ 1 year
€83k▼
2024 · €135k
Debt > 1 year
€311k▼
2024 · €580k
Income taxes
€970▼
2024 · €68k
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€1.59M€1.13M▼
Fixed assets21/28€966k€610k▼
Tangible fixed assets22/27€115k€88k▼
Land and buildings22€20k€18k▼
Plant, machinery and equipment23€2k€480▼
Furniture and vehicles24€29k€14k▼
Other tangible fixed assets26€65k€56k▼
Financial fixed assets28€851k€522k▼
Current assets29/58€621k€524k▼
Amounts receivable within one year40/41€448k€150k▼
Trade receivables40€45k€16k▼
Other amounts receivable41€404k€134k▼
Current investments50/53€13k-
Cash at bank and in hand54/58€159k€374k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.13M▼
Equity10/15€748k€740k▼
Contributions10/11€421k€121k▼
Reserves13€42k€42k=
Non-distributable reserves130/1€42k€42k=
Reserves not available under the articles1311€42k€42k=
Profit (loss) carried forward14€285k€577k▲
Amounts payable17/49€839k€394k▼
Amounts payable after more than one year17€580k€311k▼
Financial debts170/4€580k€311k▼
Amounts payable within one year42/48€135k€83k▼
Current portion of amounts payable after more than one year42€38k€24k▼
Trade debts44€1k€19k▲
Suppliers440/4€1k€19k▲
Taxes, remuneration and social security45€44k€2k▼
Taxes450/3€44k€2k▼
Other amounts payable47/48€51k€38k▼
Accrued charges and deferred income492/3€125k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€137k€28k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€222k
Other operating charges640/8€3k€13k▲
Gross operating margin9900€-6k€-55k▼
Operating profit (loss)9901€-147k€-318k▼
Financial income75/76B€167k€622k▲
Recurring financial income75€167k€622k▲
Financial charges65/66B€53k€11k▼
Recurring financial charges65€53k€11k▼
Profit (loss) for the period before taxes9903€-34k€293k▲
Transfer from deferred taxes780€35k-
Income taxes67/77€68k€970▼
Profit (loss) for the period9904€-66k€292k▲
Transfer from tax-exempt reserves789€133k-
Profit (loss) for the period to be appropriated9905€67k€292k▲
Appropriation of the result
Profit (loss) to be appropriated9906€285k€577k▲
Profit (loss) brought forward from the previous period14P€218k€285k▲
The notes to these accounts (11 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
12-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
15-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 349 days late
2025
30-06
Financial
Back to profitnet €292k
Net result €292k after one loss-making year.
2024
30-06
Financial
Weakest financial yearnet €-66k ▼1485%
Net result drops to €-66k, the lowest in the series; recovery starts the following year.
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 381 days late
2023
30-06
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 80 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 446 days late
2020
30-06
Financial
Highest result since 2019net €484k ▲317%
Operating result €420k, net result €484k, both a record.
30-06
Financial
Equity above €500kEq €871k ▲125%
2 profitable years in a row build equity to €871k.
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
10-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Sint-Pieters-Woluwe · 1 establishment unit since 2010
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.
Charles Thielemanslaan 341150 Sint-Pieters-WoluweGround area
5,805 m²
Building footprint
359 m²
Volume, LiDAR
2,514 m³
2 parcels, Brussels · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Zwarte Dennenlaan 18, 1150 Sint-Pieters-Woluwe
since 20102.187.079.982
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0188/00D012 | Brussels | 5,536 m² | 1 · 255 m² | 7.8 m · 2 fl. |
| 21019A0145/00T000 | Brussels | 269 m² | 1 · 105 m² | 14.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9676002UZOF27DXDN593
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 31,020 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2010
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
47690Retail sale of other cultural and recreation goods
47787Retail trade
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
77399Renting and leasing of other machinery, equipment and tangible goods
85520Cultural education
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.