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 €545k and a net result of €125k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 16618 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 €40k 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.
Credit check for your own amount and term
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 →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€545k▼ 13.1%
2024 · €627k
Total assets
€1.25M▼ 3.4%
2024 · €1.29M
Net result
€125k▲ 245%
2024 · €36k
Working capital
€-75k▼ 336%
2024 · €-17k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€164k▲ 1,223%€158k▼ 3.7%€176k▲ 11.0%€68k▼ 61.5%€195k▲ 187%
Net result€106k€94k▼ 11.8%€103k▲ 10.0%€36k▼ 64.8%€125k▲ 245%
Equity€434k▲ 10.6%€487k▲ 12.2%€590k▲ 21.2%€627k▲ 6.2%€545k▼ 13.1%
Total assets€1.47M▲ 2.8%€1.40M▼ 4.8%€1.36M▼ 2.8%€1.29M▼ 5.1%€1.25M▼ 3.4%
Debt€997k▼ 0.2%€873k▼ 12.4%€731k▼ 16.3%€625k▼ 14.5%€663k▲ 6.0%
Working capital€-156k€-119k▲ 23.9%€-3k▲ 97.5%€-17k▼ 469%€-75k▼ 336%
Staff (FTE)
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 €1.25M
Fixed assets
€1.05M ▼ 8.9%
Current assets
€197k ▲ 41.7%
Equity and liabilities €1.25M
Equity
€545k ▼ 13.1%
Provisions
€40k =
Debt
€663k ▲ 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
€316k▲
2024 · €186k
Cash flow
€246k▲
2024 · €154k
Current ratio
0.72▼
2024 · 0.89
Debt to equity
1.22▲
2024 · 1.00
ROE
23.0%▲
2024 · 5.8%
ROA
10.0%▲
2024 · 2.8%
Interest coverage
25.48▲
2024 · 12.10
Debt ≤ 1 year
€272k▲
2024 · €156k
Debt > 1 year
€391k▼
2024 · €469k
Income taxes
€61k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115k | €125k | €121k | €118k | €121k | ▲ 2.6% |
| Other operating charges640/8 | €5k | €5k | €6k | €6k | €5k | ▼ 13.5% |
| Non-recurring operating charges66A | - | €44 | - | - | - | - |
| Gross operating margin9900 | €284k | €288k | €303k | €192k | €321k | ▲ 67.3% |
| Operating profit (loss)9901 | €164k | €158k | €176k | €68k | €195k | ▲ 187% |
| Financial income75/76B | €9k | €104 | €571 | €4k | €4k | ▲ 3.6% |
| Recurring financial income75 | €9k | €104 | €571 | €4k | €4k | ▲ 3.6% |
| Financial charges65/66B | €17k | €18k | €16k | €15k | €12k | ▼ 19.3% |
| Recurring financial charges65 | €17k | €18k | €16k | €15k | €12k | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €156k | €140k | €160k | €56k | €186k | ▲ 231% |
| Income taxes67/77 | €50k | €46k | €57k | €20k | €61k | ▲ 206% |
| Profit (loss) for the period9904 | €106k | €94k | €103k | €36k | €125k | ▲ 245% |
| Transfer from tax-exempt reserves789 | €260 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €107k | €94k | €103k | €36k | €125k | ▲ 245% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.47M | €1.40M | €1.36M | €1.29M | €1.25M | ▼ 3.4% |
| Fixed assets21/28 | €1.38M | €1.32M | €1.21M | €1.15M | €1.05M | ▼ 8.9% |
| Tangible fixed assets22/27 | €1.29M | €1.23M | €1.12M | €1.06M | €963k | ▼ 9.6% |
| Land and buildings22 | €1.17M | €1.08M | €980k | €916k | €832k | ▼ 9.2% |
| Plant, machinery and equipment23 | €11k | €6k | €3k | €28k | €23k | ▼ 17.4% |
| Furniture and vehicles24 | €17k | €9k | €7k | €4k | €1k | ▼ 68.2% |
| Leasing and similar rights25 | - | €33k | €22k | €11k | €569 | ▼ 95.1% |
| Other tangible fixed assets26 | €89k | €106k | €106k | €106k | €106k | = |
| Financial fixed assets28 | €88k | €88k | €88k | €88k | €88k | = |
| Current assets29/58 | €92k | €80k | €155k | €139k | €197k | ▲ 41.7% |
| Amounts receivable within one year40/41 | €39k | €10k | €56k | €94k | €46k | ▼ 51.2% |
| Trade receivables40 | - | €301 | €2k | €1k | €0 | ▼ 100% |
| Other amounts receivable41 | €39k | €9k | €54k | €93k | €46k | ▼ 50.5% |
| Cash at bank and in hand54/58 | €41k | €59k | €88k | €40k | €146k | ▲ 266% |
| Deferred charges and accrued income490/1 | €12k | €11k | €11k | €5k | €5k | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.47M | €1.40M | €1.36M | €1.29M | €1.25M | ▼ 3.4% |
| Equity10/15 | €434k | €487k | €590k | €627k | €545k | ▼ 13.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €250k | €303k | €406k | €442k | €361k | ▼ 18.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | €75 | €75 | €75 | €75 | €75 | = |
| Distributable reserves133 | €248k | €301k | €404k | €442k | €360k | ▼ 18.5% |
| Profit (loss) carried forward14 | €166k | €166k | €166k | €166k | €166k | = |
| Provisions and deferred taxes16 | €40k | €40k | €40k | €40k | €40k | = |
| Provisions for liabilities and charges160/5 | €40k | €40k | €40k | €40k | €40k | = |
| Environmental obligations163 | €40k | €40k | €40k | €40k | €40k | = |
| Amounts payable17/49 | €997k | €873k | €731k | €625k | €663k | ▲ 6.0% |
| Amounts payable after more than one year17 | €749k | €675k | €572k | €469k | €391k | ▼ 16.6% |
| Financial debts170/4 | €749k | €675k | €572k | €469k | €391k | ▼ 16.6% |
| Amounts payable within one year42/48 | €248k | €199k | €158k | €156k | €272k | ▲ 74.1% |
| Current portion of amounts payable after more than one year42 | €124k | €108k | €102k | €103k | €94k | ▼ 8.8% |
| Financial debts43 | €12k | €43k | €31k | €51k | €31k | ▼ 39.8% |
| Credit institutions430/8 | €12k | €43k | €31k | €51k | €31k | ▼ 39.8% |
| Trade debts44 | €6k | €7k | €5k | €2k | €8k | ▲ 430% |
| Suppliers440/4 | €6k | €7k | €5k | €2k | €8k | ▲ 430% |
| Taxes, remuneration and social security45 | €41k | - | €20k | - | €32k | - |
| Taxes450/3 | €41k | - | €20k | - | €30k | - |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | €65k | €41k | - | - | €107k | - |
| Accrued charges and deferred income492/3 | - | - | €800 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106k | €94k | €103k | €36k | €125k | ▲ 245% |
| + Depreciation and write-downs630 | €115k | €125k | €121k | €118k | €121k | ▲ 2.6% |
| Operating cash flow (approximation) | €222k | €219k | €225k | €154k | €246k | ▲ 59.6% |
| Investment in fixed assets (approximation) | - | €-66k | €-7k | €-64k | €-19k | ▲ 70.7% |
| Change in cash | - | €18k | €30k | €-48k | €106k | ▲ 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 €125k ▲245%
Operating result €195k, net result €125k, 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 €500kEq €590k ▲21.2%
3 profitable years in a row build equity to €590k.
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 €106k
Net result €106k after one loss-making year.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, 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 €220k to €198k.
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.
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 |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,630 companies in sector 86220 we hold annual accounts for 7,979. 6,371 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
Scores and ratios are computed by Checked and are not a credit decision.