ORTAL
Annual accounts 2025
micro format, filed on 23-07-2026, 8 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €290,000. Estimated: probably between €190,000 and €450,000.
Balance sheet
balance sheet total €107,708 on 31-12-2025in euro
in euro
Position in the sector
-28.3%
Higher than 13% of 840 companies in 2025.
0.67
Higher than 16% of 801 companies in 2025.
14.3%
Higher than 73% of 812 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
107,708 | 117,750 | 103,473 | |
21/28 |
70,941 | 81,689 | 74,685 | |
22/27 |
70,941 | 81,689 | 74,685 | |
23 |
69,775 | 79,781 | 72,036 | |
24 |
1,166 | 1,908 | 2,649 | |
29/58 |
36,767 | 36,061 | 28,789 | |
3 |
13,083 | 13,757 | 14,827 | |
30/36 |
13,083 | 13,757 | 14,827 | |
40/41 |
860 | 5,116 | 5,198 | |
40 |
860 | 557 | 496 | |
41 |
0 | 4,559 | 4,703 | |
54/58 |
22,824 | 16,864 | 8,004 | |
490/1 |
0 | 324 | 759 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
107,708 | 117,750 | 103,473 | |
10/15 |
-30,478 | -45,828 | -31,552 | |
10/11 |
15,000 | 15,000 | 15,000 | |
14 |
-45,478 | -60,828 | -46,552 | |
17/49 |
138,186 | 163,578 | 135,025 | |
17 |
83,130 | 91,738 | 100,000 | |
170/4 |
83,130 | 91,738 | 100,000 | |
42/48 |
55,056 | 71,841 | 35,025 | |
42 |
8,607 | 8,262 | - | |
43 |
- | - | 1,850 | |
430/8 |
- | - | 1,850 | |
44 |
1,011 | 20,826 | 5,693 | |
440/4 |
1,011 | 20,826 | 5,693 | |
45 |
14,863 | 12,682 | 7,411 | |
450/3 |
2,281 | 927 | 1,590 | |
454/9 |
12,582 | 11,755 | 5,821 | |
47/48 |
30,575 | 30,071 | 20,071 | |
| Income statement | ||||
9900 |
117,053 | 83,280 | 1,863 | |
62 |
81,862 | 80,561 | 38,982 | |
630 |
15,247 | 12,371 | 6,512 | |
640/8 |
400 | 387 | 384 | |
9901 |
19,544 | -10,039 | -44,016 | |
75/76B |
- | - | 8 | |
75 |
- | - | 8 | |
65/66B |
4,090 | 4,237 | 2,544 | |
65 |
4,090 | 4,237 | 2,544 | |
9903 |
15,454 | -14,276 | -46,552 | |
9904 |
15,454 | -14,276 | -46,552 | |
9905 |
15,454 | -14,276 | -46,552 | |
| Appropriation of the result | ||||
9906 |
-45,478 | -60,828 | -46,552 | |
14P |
-60,932 | -46,552 | - | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 34,791 | 2,331 | -37,504 | ||
| 30,701 | -1,905 | -40,040 | ||
| 4,500 | 19,375 | 81,196 | ||
| 5,959 | 8,860 | - | ||
| -18,289 | -35,779 | -6,236 | ||
| -28.3% | -38.9% | -30.5% | ||
| 0.67 | 0.50 | 0.82 | ||
| 0.43 | 0.31 | 0.40 | ||
| 14.3% | -12.1% | -45.0% | ||
| 8.51 | 0.55 | -14.74 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €4,500 | €19,375 | €81,196 |
| Financial fixed assets | €0 | - | - |
| €15,247 | €12,371 | €6,512 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on ORTAL
The operating result for 2025 is a profit of €19,544, after a loss of €10,039 in 2024. It is the highest result since 2023.
Equity is negative. Debt (€138,186) exceeds the balance-sheet total (€107,708).