ORTEAM
ActiveORTEAM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.25M and a net result of €315k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 9584 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
66
/ 100
Healthy▲ +3 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+38
Solvency50▲+15
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.85 in 2023), and 68.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 32
Relative position
BE, all sectors
reference
Sector 32
lower
← 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 2024Solvency, return and age of the figures
Solvency
31.9%
Return on assets
8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
75 d early
2022
12 d early
2021
12 d early
2020
89 d early
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.25M▲ 22.9%
2023 · €1.02M
2018: €450k
2019: €532k
2020: €648k
2021: €1.00M
2022: €1.08M
2023: €1.02M
2018 → 2024
Total assets
€3.92M▼ 2.1%
2023 · €4.00M
2018: €1.89M
2019: €3.76M
2020: €3.88M
2021: €3.90M
2022: €3.81M
2023: €4.00M
2018 → 2024
Net result
€315k▲ 152%
2023 · €125k
2018: €58k
2019: €82k
2020: €242k
2021: €478k
2022: €83k
2023: €125k
2018 → 2024
Working capital
€-3k▲ 98.2%
2023 · €-176k
2018: €180k
2019: €197k
2020: €-65k
2021: €148k
2022: €-67k
2023: €-176k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€648k-€1.00M▲ 54.3%€1.08M▲ 8.2%€1.02M▼ 6.2%€1.25M▲ 22.9%
Operating result€323k-€751k▲ 132%€161k▼ 78.5%€241k▲ 49.5%€524k▲ 118%
Net result€242k-€478k▲ 97.6%€83k▼ 82.7%€125k▲ 51.4%€315k▲ 152%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 118% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.92M
Fixed assets
€2.84M▼ 5.8%
Current assets
€1.07M▲ 9.1%
Equity and liabilities €3.92M
Equity
€1.25M▲ 22.9%
Provisions
€20k▼ 14.0%
Debt
€2.65M▼ 10.6%
The debt ratio falls from 74.0% to 67.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€882k▲
2023 · €541k
Cash flow
€673k▲
2023 · €425k
Solvency
31.9%▲
2023 · 25.4%
Current ratio
1.00▲
2023 · 0.85
Quick ratio
0.71▲
2023 · 0.61
Debt / equity
2.12▼
2023 · 2.92
ROE
25.2%▲
2023 · 12.3%
ROA
8.0%▲
2023 · 3.1%
Interest coverage
17.85▲
2023 · 11.31
Debt
€2.65M▼
2023 · €2.96M
Debt ≤ 1 year
€1.08M▼
2023 · €1.16M
Debt > 1 year
€1.57M▼
2023 · €1.80M
Income taxes
€165k▲
2023 · €72k
Staff costs
€2.75M▲
2023 · €2.58M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.00M€3.92M▼
Fixed assets21/28€3.02M€2.84M▼
Intangible fixed assets21€11k€1k▼
Tangible fixed assets22/27€3.01M€2.83M▼
Land and buildings22€2.14M€2.02M▼
Plant, machinery and equipment23€323k€304k▼
Furniture and vehicles24€41k€29k▼
Leasing and similar rights25€501k€473k▼
Other tangible fixed assets26-€3k
Financial fixed assets28€500€8k▲
Current assets29/58€983k€1.07M▲
Stocks and contracts in progress3€272k€310k▲
Stocks30/36€272k€310k▲
Amounts receivable within one year40/41€86k€27k▼
Trade receivables40€44k€18k▼
Other amounts receivable41€43k€8k▼
Cash at bank and in hand54/58€339k€697k▲
Deferred charges and accrued income490/1€285k€38k▼
Equity and liabilities
Total equity and liabilities10/49€4.00M€3.92M▼
Equity10/15€1.02M€1.25M▲
Contributions10/11€6k€6k=
Reserves13€1.01M€1.24M▲
Tax-exempt reserves132€71k€61k▼
Distributable reserves133€938k€1.18M▲
Provisions and deferred taxes16€24k€20k▼
Deferred taxes168€24k€20k▼
Amounts payable17/49€2.96M€2.65M▼
Amounts payable after more than one year17€1.80M€1.57M▼
Financial debts170/4€1.80M€1.57M▼
Amounts payable within one year42/48€1.16M€1.08M▼
Current portion of amounts payable after more than one year42€261k€342k▲
Trade debts44€461k€404k▼
Suppliers440/4€461k€404k▼
Advances received on contracts in progress46€20-
Taxes, remuneration and social security45€245k€247k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€243k€242k▼
Other amounts payable47/48€192k€82k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Non-recurring operating income76A€26k€24k▼
Remuneration, social security and pensions62€2.58M€2.75M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€300k€358k▲
Other operating charges640/8€21k€22k▲
Non-recurring operating charges66A€272-
Gross operating margin9900€3.15M€3.66M▲
Operating profit (loss)9901€241k€524k▲
Financial income75/76B€619€2k▲
Recurring financial income75€619€2k▲
Financial charges65/66B€48k€49k▲
Recurring financial charges65€48k€49k▲
Profit (loss) for the period before taxes9903€193k€476k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€72k€165k▲
Profit (loss) for the period9904€125k€315k▲
Transfer from tax-exempt reserves789€10k€10k=
Profit (loss) for the period to be appropriated9905€135k€325k▲
Appropriation of the result
Profit (loss) to be appropriated9906€135k€325k▲
Transfer from equity791/2€192k€82k▼
Transfer to equity691/2€135k€325k▲
To other reserves6921€135k€325k▲
Profit to be distributed694/7€192k€82k▼
Return on contributions (dividend)694€192k€82k▼
Social balance
Average headcount (FTE)908739.444.5▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €478k ▲97.6%
Operating result €751k, net result €478k, both a record.
31-12
Financial
Equity above €1MEq €1.00M ▲54.3%
4 profitable years in a row build equity to €1.00M.
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
31-12
Financial
Equity above €500kEq €532k ▲18.2%
2 profitable years in a row build equity to €532k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Waasmunster · 1 establishment unit since 2005
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.
Kerkstraat 779250 WaasmunsterGround area
645 m²
Building footprint
345 m²
Volume, LiDAR
3,463 m³
Parcel 42342C1007/00A002, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ORTEAM
since 20052.150.451.891
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42342C1007/00A002 | Flanders | 645 m² | 1 · 345 m² | 12.1 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
HOX Orthopedie
BE 0464.230.320
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ORTHO-TECH SMEETS
BE 0459.374.182
Kapellen · Eq €1.28M
G.T.O. ORTHOPEDIE
BE 0883.163.521
Charleroi · Eq €1.18M
FertiPRO Support & Services
BE 0881.327.350
Beernem · Eq €1.17M
Eqwal Enghien
BE 0463.328.616
Soignies · Eq €1.16M
Of 1,245 companies in sector 32500 we hold annual accounts for 692. 392 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2005
Fiscal year end31-12
Activities, NACEBEL
32500Manufacture of medical and dental instruments and supplies
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.