ORTALGO
ActiveSummary
ORTALGO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €544,687 and a net result of €125,129. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 16765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+9
Solvency69▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.89 in 2024; short-term debt: 21.8% and cash: 11.7% of total assets), and 56.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
43.7%
Return on assets
10%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d early
2023
on the day
2022
10 d early
2021
1 d early
2020
8 d early
2019
29 d 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 8 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Tessenderlo-Ham, Health and social work sector#10 company by total assets in Tessenderlo-Ham, Health and social work sector
Equity
€544,687▼ 13.1%
2024 · €626,598
Total assets
€1.2m▼ 3.4%
2024 · €1.3m
Net result
€125,129▲ 245%
2024 · €36,322
Working capital
-€74,849▼ 336%
2024 · -€17,152
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€164,273▲ 1,223%€158,271▼ 3.7%€175,758▲ 11.0%€67,719▼ 61.5%€194,627▲ 187%
Net result€106,426within the sector's middle half€93,878within the sector's middle half▼ 11.8%€103,309within the sector's middle half▲ 10.0%€36,322within the sector's middle half▼ 64.8%€125,129within the sector's middle half▲ 245%
Equity€433,876above the sector's middle half▲ 10.6%€486,967above the sector's middle half▲ 12.2%€590,276above the sector's middle half▲ 21.2%€626,598above the sector's middle half▲ 6.2%€544,687above the sector's middle half▼ 13.1%
Total assets€1.5mabove the sector's middle half▲ 2.8%€1.4mabove the sector's middle half▼ 4.8%€1.4mabove the sector's middle half▼ 2.8%€1.3mabove the sector's middle half▼ 5.1%€1.2mabove the sector's middle half▼ 3.4%
Debt€997,389▼ 0.2%€873,396▼ 12.4%€731,073▼ 16.3%€625,296▼ 14.5%€662,977▲ 6.0%
Working capital-€156,341below the sector's middle half-€118,907below the sector's middle half▲ 23.9%-€3,016below the sector's middle half▲ 97.5%-€17,152below the sector's middle half▼ 469%-€74,849below the sector's middle half▼ 336%
Solvency29.5%below the sector's middle half▲ 2.1pp34.8%below the sector's middle half▲ 5.3pp43.4%within the sector's middle half▲ 8.6pp48.5%within the sector's middle half▲ 5.1pp43.7%within the sector's middle half▼ 4.8pp
Current ratio0.37below the sector's middle half▼ 1.900.40below the sector's middle half▲ 0.030.98below the sector's middle half▲ 0.580.89below the sector's middle half▼ 0.090.72below the sector's middle half▼ 0.17
Return on assets (ROA)7.2%below the sector's middle half▲ 7.6pp6.7%below the sector's middle half▼ 0.5pp7.6%below the sector's middle half▲ 0.9pp2.8%below the sector's middle half▼ 4.8pp10.0%within the sector's middle half▲ 7.2pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 187% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▼ 8.9%
Current assets
€196,934 ▲ 41.7%
Equity and liabilities €1.2m
Equity
€544,687 ▼ 13.1%
Provisions
€40,000 =
Debt
€662,977 ▲ 6.0%
Debt's share of the balance-sheet total rises from 48.4% to 53.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€315,670▲
2024 · €185,678
Cash flow
€246,173▲
2024 · €154,281
Debt to equity
1.22▲
2024 · 1.00
ROE
23.0%▲
2024 · 5.8%
Interest coverage
25.48▲
2024 · 12.10
Debt ≤ 1 year
€271,784▲
2024 · €156,120
Debt > 1 year
€391,193▼
2024 · €469,176
Income taxes
€61,213▲
2024 · €20,005
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,331 | €125,100 | €121,427 | €117,959 | €121,043 | ▲ 2.6% |
| Other operating charges640/8 | €4,854 | €5,048 | €6,214 | €6,133 | €5,306 | ▼ 13.5% |
| Non-recurring operating charges66A | - | €44 | - | - | - | - |
| Gross operating margin9900 | €284,458 | €288,464 | €303,398 | €191,810 | €320,976 | ▲ 67.3% |
| Operating profit (loss)9901 | €164,273 | €158,271 | €175,758 | €67,719 | €194,627 | ▲ 187% |
| Financial income75/76B | €8,968 | €104 | €571 | €3,960 | €4,105 | ▲ 3.6% |
| Recurring financial income75 | €8,968 | €104 | €571 | €3,960 | €4,105 | ▲ 3.6% |
| Financial charges65/66B | €16,805 | €18,289 | €16,164 | €15,352 | €12,389 | ▼ 19.3% |
| Recurring financial charges65 | €16,805 | €18,289 | €16,164 | €15,352 | €12,389 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €156,436 | €140,086 | €160,166 | €56,327 | €186,342 | ▲ 231% |
| Income taxes67/77 | €50,010 | €46,208 | €56,857 | €20,005 | €61,213 | ▲ 206% |
| Profit (loss) for the period9904 | €106,426 | €93,878 | €103,309 | €36,322 | €125,129 | ▲ 245% |
| Transfer from tax-exempt reserves789 | €260 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €106,687 | €93,878 | €103,309 | €36,322 | €125,129 | ▲ 245% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 3.4% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 8.9% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.1m | €1.1m | €962,729 | ▼ 9.6% |
| Land and buildings22 | €1.2m | €1.1m | €980,378 | €915,997 | €832,147 | ▼ 9.2% |
| Plant, machinery and equipment23 | €10,735 | €6,403 | €3,166 | €28,109 | €23,223 | ▼ 17.4% |
| Furniture and vehicles24 | €17,351 | €8,523 | €6,909 | €3,713 | €1,181 | ▼ 68.2% |
| Leasing and similar rights25 | - | €33,352 | €22,424 | €11,497 | €569 | ▼ 95.1% |
| Other tangible fixed assets26 | €89,042 | €105,610 | €105,610 | €105,610 | €105,610 | = |
| Financial fixed assets28 | €88,000 | €88,000 | €88,000 | €88,000 | €88,000 | = |
| Current assets29/58 | €91,603 | €79,869 | €154,862 | €138,968 | €196,934 | ▲ 41.7% |
| Amounts receivable within one year40/41 | €39,249 | €9,734 | €55,817 | €94,457 | €46,119 | ▼ 51.2% |
| Trade receivables40 | - | €301 | €1,532 | €1,236 | €0 | ▼ 100% |
| Other amounts receivable41 | €39,249 | €9,433 | €54,285 | €93,221 | €46,119 | ▼ 50.5% |
| Cash at bank and in hand54/58 | €40,672 | €58,749 | €88,352 | €39,954 | €146,179 | ▲ 266% |
| Deferred charges and accrued income490/1 | €11,682 | €11,385 | €10,693 | €4,556 | €4,636 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 3.4% |
| Equity10/15 | €433,876 | €486,967 | €590,276 | €626,598 | €544,687 | ▼ 13.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €249,762 | €302,854 | €406,163 | €442,485 | €360,574 | ▼ 18.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | €75 | €75 | €75 | €75 | €75 | = |
| Distributable reserves133 | €247,828 | €300,919 | €404,228 | €442,410 | €360,499 | ▼ 18.5% |
| Profit (loss) carried forward14 | €165,513 | €165,513 | €165,513 | €165,513 | €165,513 | = |
| Provisions and deferred taxes16 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Provisions for liabilities and charges160/5 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Environmental obligations163 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Amounts payable17/49 | €997,389 | €873,396 | €731,073 | €625,296 | €662,977 | ▲ 6.0% |
| Amounts payable after more than one year17 | €749,446 | €674,621 | €572,395 | €469,176 | €391,193 | ▼ 16.6% |
| Financial debts170/4 | €749,446 | €674,621 | €572,395 | €469,176 | €391,193 | ▼ 16.6% |
| Amounts payable within one year42/48 | €247,943 | €198,775 | €157,878 | €156,120 | €271,784 | ▲ 74.1% |
| Current portion of amounts payable after more than one year42 | €123,748 | €108,046 | €102,226 | €103,219 | €94,143 | ▼ 8.8% |
| Financial debts43 | €12,324 | €42,686 | €30,654 | €51,333 | €30,912 | ▼ 39.8% |
| Credit institutions430/8 | €12,324 | €42,686 | €30,654 | €51,333 | €30,912 | ▼ 39.8% |
| Trade debts44 | €6,358 | €7,256 | €5,141 | €1,568 | €8,316 | ▲ 430% |
| Suppliers440/4 | €6,358 | €7,256 | €5,141 | €1,568 | €8,316 | ▲ 430% |
| Taxes, remuneration and social security45 | €40,735 | - | €19,856 | - | €31,726 | - |
| Taxes450/3 | €40,735 | - | €19,856 | - | €30,193 | - |
| Remuneration and social security454/9 | - | - | - | - | €1,533 | - |
| Other amounts payable47/48 | €64,778 | €40,787 | - | - | €106,687 | - |
| Accrued charges and deferred income492/3 | - | - | €800 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,426 | €93,878 | €103,309 | €36,322 | €125,129 | ▲ 245% |
| + Depreciation and write-downs630 | €115,331 | €125,100 | €121,427 | €117,959 | €121,043 | ▲ 2.6% |
| Operating cash flow (approximation) | €221,758 | €218,979 | €224,736 | €154,281 | €246,173 | ▲ 59.6% |
| Investment in fixed assets (approximation) | - | -€65,933 | -€7,419 | -€64,398 | -€18,847 | ▲ 70.7% |
| Change in cash | - | €18,078 | €29,602 | -€48,397 | €106,224 | ▲ 319% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €125,129 ▲245%
Operating result €194,627, net result €125,129, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €500,000Eq €590,276 ▲21.2%
3 profitable years in a row build equity to €590,276.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €106,426
Net result €106,426 after one loss-making year.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€4,536
Net result drops to -€4,536, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 2.27
Current ratio from 0.83 to 2.27; short-term debt falls from €219,539 to €197,645.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Tessenderlo-Ham · 1 establishment unit since 2006
Ground area
3,135 m²
Building footprint
221 m²
Volume, LiDAR
1,482 m³
Parcel 71364D1127/00T002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ortalgo
since 20062.231.221.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71364D1127/00T002 | Flanders | 3,135 m² | 1 · 221 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the annual accounts to 30-09-2025 of ORTALGO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 264 EUR awarded · 264 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 264 EUR | 264 EUR |
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Of 16,629 companies in sector 86220 we hold annual accounts for 7,986. 6,375 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-12-2001
Fiscal year end30-09
Activities, NACEBEL 2025
86220Specialist medical practice
86951Physiotherapy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476306820
Also
9925:BE0476306820
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.