ORTHO CONSTRUCT
ActiveSummary
ORTHO CONSTRUCT has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€7,242. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 64% of 11,213 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 2.4 FTE
- Equity
- €1.6m
- Loss
- -€7,242
- Parent
- OrthoLeuv · 100%
- Board
- 4 members
- OrthoLeuvManaging director · permanent representative Thomas WIJNS
Why 89raises riskLiquidity: current ratio 0.03, cash €8,056lowers riskFounded in 1990Size: 2.4 FTE, total assets €3.3mFigures for financial year 2025 (filed 25-06-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 63% on solvency, 21% on liquidity, 39% on profitability and 43% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 8 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Highest result from 2019 to 2025net €49,070 ▲27.3%
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 92% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 12,322 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €156,907 | €193,421 | €305,911 | €132,502 | ▼ 56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,990 | €8,214 | €64,494 | €74,506 | €28,690 | €57,881 | €35,705 | ▼ 38.3% |
| Other operating charges640/8 | - | - | - | €13,697 | €13,900 | €26,133 | €23,726 | ▼ 9.2% |
| Gross operating margin9900 | €151,976 | €162,830 | €234,453 | €245,779 | €300,512 | €470,362 | €198,362 | ▼ 57.8% |
| Operating profit (loss)9901 | -€64,045 | €11,299 | €13,376 | €669 | €64,501 | €80,437 | €6,430 | ▼ 92.0% |
| Financial income75/76B | - | - | - | €132 | €10 | €389 | €0 | ▼ 99.9% |
| Recurring financial income75 | - | - | €230 | €132 | €10 | €389 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €29,976 | €25,970 | €31,756 | €13,673 | ▼ 56.9% |
| Recurring financial charges65 | €33,242 | €31,553 | €30,137 | €29,976 | €25,970 | €31,756 | €13,673 | ▼ 56.9% |
| Profit (loss) for the period before taxes9903 | -€97,288 | -€20,254 | -€16,532 | -€29,176 | €38,542 | €49,070 | -€7,242 | - |
| Income taxes67/77 | €166 | €170 | €145 | €147 | - | - | - | - |
| Profit (loss) for the period9904 | -€97,454 | -€20,424 | -€16,677 | -€29,323 | €38,542 | €49,070 | -€7,242 | - |
| Profit (loss) for the period to be appropriated9905 | -€97,454 | -€20,424 | -€16,677 | -€29,323 | €38,542 | €49,070 | -€7,242 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.5m | €3.5m | €3.4m | €3.2m | €3.1m | €3.4m | €3.3m | ▼ 0.6% |
| Fixed assets21/28 | €3.5m | €3.5m | €3.4m | €3.1m | €3.0m | €3.3m | €3.3m | ▲ 0.3% |
| Tangible fixed assets22/27 | €3.5m | €3.5m | €3.4m | €3.1m | €3.0m | €3.3m | €3.3m | ▲ 0.3% |
| Land and buildings22 | - | - | - | €3.1m | €3.0m | €3.3m | €3.2m | ▼ 1.1% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €0.05m | - |
| Current assets29/58 | €0.03m | €0.03m | €0.05m | €0.07m | €0.05m | €0.07m | €0.04m | ▼ 41.8% |
| Amounts receivable within one year40/41 | €0.03m | €0.03m | €0.05m | €0.06m | €0.05m | €0.07m | €0.03m | ▼ 51.6% |
| Trade receivables40 | - | - | - | €0.06m | €0.05m | €0.07m | €0.03m | ▼ 51.6% |
| Cash at bank and in hand54/58 | - | - | €0.003m | €0.007m | €352 | €0.002m | €0.008m | ▲ 282% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.5m | €3.5m | €3.4m | €3.2m | €3.1m | €3.4m | €3.3m | ▼ 0.6% |
| Equity10/15 | €1.6m | €1.6m | €1.5m | €1.5m | €1.6m | €1.6m | €1.6m | ▼ 0.5% |
| Contributions10/11 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Revaluation surpluses12 | - | - | - | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Reserves13 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.004m | €0.004m | = |
| Profit (loss) carried forward14 | -€0.9m | -€0.9m | -€0.9m | -€1.0m | -€0.9m | -€0.9m | -€0.9m | ▼ 0.8% |
| Amounts payable17/49 | €1.9m | €1.9m | €1.9m | €1.7m | €1.5m | €1.7m | €1.7m | ▼ 0.7% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 10.3% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 10.3% |
| Amounts payable within one year42/48 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.5m | €1.5m | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.002m | - | €0.02m | €0.02m | ▲ 4.1% |
| Financial debts43 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Credit institutions430/8 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Trade debts44 | €0.02m | €0.03m | €0.03m | €0.02m | €0.01m | €0.009m | €0.06m | ▲ 549% |
| Suppliers440/4 | - | - | - | €0.02m | €0.01m | €0.009m | €0.06m | ▲ 549% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.02m | €0.008m | ▼ 56.0% |
| Taxes450/3 | - | - | - | €0.009m | €0.01m | €0.01m | €0.003m | ▼ 75.8% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.006m | €0.005m | €0.005m | ▼ 12.1% |
| Other amounts payable47/48 | - | - | - | €1.0m | €1.0m | €1.3m | €1.3m | ▼ 2.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.08m | €0.01m | €0.01m | ▲ 7.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€97,454 | -€20,424 | -€16,677 | -€29,323 | €38,542 | €49,070 | -€7,242 | - |
| + Depreciation and write-downs630 | €66,990 | €8,214 | €64,494 | €74,506 | €28,690 | €57,881 | €35,705 | ▼ 38.3% |
| Operating cash flow (approximation) | -€30,464 | -€12,210 | €47,817 | €45,183 | €67,232 | €106,951 | €28,463 | ▼ 73.4% |
| Investment in fixed assets (approximation) | - | €0 | -€2,874 | €189,847 | €82,227 | -€321,445 | -€45,754 | ▲ 85.8% |
| Change in cash | - | - | - | €4,890 | -€7,062 | €1,754 | €5,949 | ▲ 239% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-06-2026 | 2026-00198960 |
| 31-12-2024 | abbreviated format | 17-06-2025 | 2025-00151553 |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00502763 |
| 31-03-2022 | micro format | 27-10-2022 | 2022-20476823 |
| 31-03-2021 | micro format | 29-10-2021 | 2021-75200166 |
| 31-03-2020 | micro format | 30-11-2020 | 2020-73300101 |
| 31-03-2019 | micro format | 31-10-2019 | 2019-72400401 |
| 31-03-2018 | micro format | 31-10-2018 | 2018-71300510 |
| 31-03-2017 | micro format | 31-10-2017 | 2017-68800101 |
| 31-03-2016 | abbreviated format | 28-11-2016 | 2016-68800030 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Day-to-day management 1
Permanent representatives 4
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| A Plus Label Management |
|
| Lia-Cia |
|
| OrthoLeuv |
|
| Mucho Más Management |
|
| LUCCO INTERNATIONAL |
|
| Anne VAN HAESENDONCK |
|
| Lena VAN HAESENDONCK |
|
| Lucien COENEN |
|
| Patrick WIJNS |
|
Owners and capital
Owners
2 ownersChain of control
- OrthoLeuv BV
- OrthoLeuv
- ORTHO CONSTRUCT
Highest known parent: OrthoLeuv BV. The sources do not say who stands above it.
Owners 2
-
100%
- OrthoLeuv BVconsolidating parentconsolidates
According to the 2025 annual accounts of ORTHO CONSTRUCT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- enige aandeelhouder all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 28-12-2023 Capital stated in the deed · 1,500 shares
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
24-06
Gazette deed
Resignation: BV LUCCO INTERNATIONAL (director)Permanent representative: Eline Coenen · Appointment: BV MUCHO MÁS MANAGEMENT (director) · Director discharge5 facts ▸
- General meeting, 30-04-2024
- Director resignation, BV LUCCO INTERNATIONAL (director (not named in the articles))
- Permanent representative, Eline Coenen (2 times)
- Director discharge, BV LUCCO INTERNATIONAL
- Director appointment, BV MUCHO MÁS MANAGEMENT (director (not named in the articles))
28-12
Gazette deed
Resignations: Lucien COENEN, Anne VAN HAESENDONCK and 2 othersAppointments: LUCCO INTERNATIONAL, A Plus Label Management and 2 others · Permanent representatives: Eline COENEN, Lien GEUTJENS and 2 others · Purpose change31 facts ▸
- General meeting, “3001 Leuven (Heverlee),Léon Schreursvest 87, RPR Leuven” (deed in Dutch)
- Purpose change
- Other provision, “tweede besluit, geen inhoud afgedrukt,weergegeven als (...) in deze eenheid” (deed in Dutch)
- Capital conversion, EUR, “van rechtswege omzetting vastgesteld” (deed in Dutch)
- Reserve release, “omzetting statutair onbeschikbare eigen vermogensrekening”, EUR (deed in Dutch)
- Board rule, “één enkele bestuurder,al dan niet in statuten benoemd,tenzij meerdere bestuurders dan collegiaal bestuursorgaan college van bestuurders genoemd, elfde besluit m…” (deed in Dutch)
- Other provision, “besluiten behoudens andersluidende wettelijke of statutaire bepalingen bij gewone meerderheid ongeacht aantal vertegenwoordigde effecten, besluitvorming algemen…” (deed in Dutch)
- Other provision, “tiende besluit (her)formulering statutaire bepalingen, geen inhoud afgedrukt,weergegeven als (...) in deze eenheid” (deed in Dutch)
- Amendment of the articles
- Capital (2 times)
- Registered-office move, 3001 Leuven (Heverlee), Kerkhofdreef 5/0001
- Director resignation, Lucien COENEN (director)
- +19 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0441.455.908
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24433E0059/00Z003 | Flanders | 470 m² | 1 · 116 m² | 18.8 m · 5 |
| 24433E0056/00H003 | Flanders | 462 m² | 1 · 459 m² | 12.5 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ORTHO CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “6. ZESDE BESLUIT - WIJZIGING EXTERNE VERTEGENWOORDIGINGSBEVOEGDHEID VAN DE VENNOOTSCHAP De vergadering besluit de statutaire bepaling die de…”“Algemene vertegenwoordigingsbevoegdheid Onverminderd de algemene vertegenwoordigingsbevoegdheid van het college van bestuurders, wordt de…”
Full text
Algemene vertegenwoordigingsbevoegdheid Onverminderd de algemene vertegenwoordigingsbevoegdheid van het college van bestuurders, wordt de vennootschap in en buiten rechte vertegenwoordigd door hetzij twee (2) bestuurders, die samen optreden, hetzij door de gedelegeerd bestuurder, alleen optredend. Dagelijks bestuur De vennootschap wordt in al haar handelingen van dagelijks bestuur, met inbegrip van de vertegenwoordiging in en buiten rechte, rechtsgeldig vertegenwoordigd door de personen belast met het dagelijks bestuur, alleen of gezamenlijk optredend zoals bepaald bij hun aanstelling.
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn, een of meer bestuurders,natuurlijke of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of June at 20:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Voorzitter rechtbank, cijfermatig verslag met rekeningen en stukken” (deed in Dutch)