ORTHEX
ActiveORTHEX has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €28k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 45 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+14
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 16.78 against 5.44 in 2024; short-term debt: 5.2% and cash: 64.3% of total assets), and 5.2% 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 84
Relative position
BE, all sectors
reference
Sector 84
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 2025Solvency, return and age of the figures
Solvency
94.8%
Return on assets
18.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
on the day
2023
26 d late
2022
5 d early
2021
31 d early
2020
27 d late
2019
77 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€144k▲ 24.6%
2024 · €116k
2018: €75k
2019: €70k
2020: €71k
2021: €84k
2022: €87k
2023: €105k
2024: €116k
2018 → 2025
Total assets
€152k▲ 12.0%
2024 · €136k
2018: €130k
2019: €108k
2020: €96k
2021: €119k
2022: €124k
2023: €121k
2024: €136k
2018 → 2025
Net result
€28k▲ 171%
2024 · €10k
2018: €44k
2019: €25k
2020: €22k
2021: €35k
2022: €25k
2023: €18k
2024: €10k
2018 → 2025
Working capital
€124k▲ 39.4%
2024 · €89k
2018: €41k
2019: €45k
2020: €54k
2021: €76k
2022: €53k
2023: €71k
2024: €89k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€87k▲ 3.2%€105k▲ 21.0%€116k▲ 10.0%€144k▲ 24.6%
Operating result€54k-€36k▼ 33.9%€31k▼ 13.8%€15k▼ 50.1%€44k▲ 188%
Net result€35k-€25k▼ 30.0%€18k▼ 26.4%€10k▼ 42.3%€28k▲ 171%
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 188% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152k
Fixed assets
€20k▼ 25.1%
Current assets
€132k▲ 21.0%
Equity and liabilities €152k
Equity
€144k▲ 24.6%
Debt
€8k▼ 60.6%
The debt ratio falls from 14.9% to 5.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2024 · €23k
Cash flow
€36k▲
2024 · €19k
Solvency
94.8%▲
2024 · 85.1%
Current ratio
16.78▲
2024 · 5.44
Quick ratio
16.78▲
2024 · 5.44
Debt / equity
0.06▼
2024 · 0.17
ROE
19.8%▲
2024 · 9.1%
ROA
18.7%▲
2024 · 7.7%
Interest coverage
263.52▲
2024 · 114.21
Debt
€8k▼
2024 · €20k
Debt ≤ 1 year
€8k▼
2024 · €20k
Income taxes
€15k▲
2024 · €7k
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€136k€152k▲
Fixed assets21/28€26k€20k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€26k€20k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€26k€20k▼
Financial fixed assets28€52€52=
Current assets29/58€109k€132k▲
Amounts receivable within one year40/41€44k€33k▼
Trade receivables40€32k€11k▼
Other amounts receivable41€12k€22k▲
Cash at bank and in hand54/58€65k€98k▲
Deferred charges and accrued income490/1€211€2k▲
Equity and liabilities
Total equity and liabilities10/49€136k€152k▲
Equity10/15€116k€144k▲
Contributions10/11€7k€7k=
Reserves13€109k€137k▲
Distributable reserves133€109k€137k▲
Amounts payable17/49€20k€8k▼
Amounts payable within one year42/48€20k€8k▼
Trade debts44€14k€450▼
Suppliers440/4€14k€450▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Accrued charges and deferred income492/3€64€64=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€896€2k▲
Gross operating margin9900€24k€54k▲
Operating profit (loss)9901€15k€44k▲
Financial income75/76B€2k€0▼
Recurring financial income75€2k€0▼
Financial charges65/66B€206€197▼
Recurring financial charges65€206€197▼
Profit (loss) for the period before taxes9903€17k€44k▲
Income taxes67/77€7k€15k▲
Profit (loss) for the period9904€10k€28k▲
Profit (loss) for the period to be appropriated9905€10k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€28k▲
Transfer to equity691/2€10k€28k▲
To other reserves6921€10k€28k▲
The notes to these accounts (9 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 16.78
Current ratio from 5.44 to 16.78; short-term debt falls from €20k to €8k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €10k ▼42.3%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 5.53
Current ratio from 2.44 to 5.53; short-term debt falls from €37k to €16k.
31-12
Financial
Equity above €100kEq €105k ▲21%
6 profitable years in a row build equity to €105k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Namur
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.
Clos du Buley(WP) 145100 NamurGround area
2,287 m²
Building footprint
114 m²
Volume, LiDAR
791 m³
Parcel 92135B0220/00K000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135B0220/00K000 | Wallonia | 2,286 m² | 1 · 114 m² | 8.3 m · 2 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.
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Dinant · Eq €58k
Of 32 companies in sector 84239 we hold annual accounts for 14. 12 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2001
Fiscal year end31-12
Activities, NACEBEL
84239Public administration and defence; compulsory social security
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.