ORTHO SHOE
ActiveSummary
ORTHO SHOE has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €266k and a net result of €42k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 39 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+3
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 5.65 against 2.75 in 2023; short-term debt: 15% and cash: 21.8% of total assets), and 16.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 15
Relative position
BE, all sectors
reference
Sector 15
higher
← fewer bankruptcies
more bankruptcies →
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
7 d early
2022
30 d late
2021
13 d early
2020
24 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€266k▲ 15.8%
2023 · €229k
2018: €133k
2019: €160k
2020: €192k
2021: €230k
2022: €259k
2023: €229k
2018 → 2024
Total assets
€318k▼ 7.2%
2023 · €342k
2018: €206k
2019: €211k
2020: €250k
2021: €307k
2022: €326k
2023: €342k
2018 → 2024
Net result
€42k▲ 18.5%
2023 · €35k
2018: €31k
2019: €27k
2020: €43k
2021: €40k
2022: €31k
2023: €35k
2018 → 2024
Working capital
€221k▲ 19.2%
2023 · €186k
2018: €108k
2019: €128k
2020: €167k
2021: €179k
2022: €208k
2023: €186k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€192k-€230k▲ 19.7%€259k▲ 12.3%€229k▼ 11.4%€266k▲ 15.8%
Operating result€56k-€61k▲ 9.1%€42k▼ 31.4%€47k▲ 11.4%€54k▲ 15.4%
Net result€43k-€40k▼ 6.2%€31k▼ 23.5%€35k▲ 14.1%€42k▲ 18.5%
Turnover and EBIT margin not published: the abbreviated or micro 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 15% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €318k
Fixed assets
€49k ▼ 3.6%
Current assets
€269k ▼ 7.8%
Equity and liabilities €318k
Equity
€266k ▲ 15.8%
Debt
€52k ▼ 53.8%
Debt's share of the balance-sheet total falls from 33.0% to 16.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65k▲
2023 · €58k
Cash flow
€53k▲
2023 · €46k
Current ratio
5.65▲
2023 · 2.75
Quick ratio
5.59▲
2023 · 2.73
Debt to equity
0.20▼
2023 · 0.49
ROE
15.7%▲
2023 · 15.3%
ROA
13.1%▲
2023 · 10.3%
Interest coverage
36.50▼
2023 · 39.34
Debt ≤ 1 year
€48k▼
2023 · €106k
Debt > 1 year
€3k▼
2023 · €6k
Income taxes
€14k▲
2023 · €10k
Staff costs
€22k▼
2023 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€342k€318k▼
Fixed assets21/28€51k€49k▼
Intangible fixed assets21€1k€1k▼
Tangible fixed assets22/27€49k€48k▼
Land and buildings22€15k€15k=
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€25k€25k▼
Current assets29/58€292k€269k▼
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€34k€42k▲
Trade receivables40€26k€38k▲
Other amounts receivable41€8k€4k▼
Current investments50/53€4k€150k▲
Cash at bank and in hand54/58€247k€69k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€342k€318k▼
Equity10/15€229k€266k▲
Contributions10/11€19k€19k=
Reserves13€210k€247k▲
Distributable reserves133€210k€247k▲
Profit (loss) carried forward14€648-
Amounts payable17/49€113k€52k▼
Amounts payable after more than one year17€6k€3k▼
Financial debts170/4€6k€3k▼
Amounts payable within one year42/48€106k€48k▼
Current portion of amounts payable after more than one year42€3k€3k=
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€5k€7k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€79k€20k▼
Accrued charges and deferred income492/3€916€1k▲
Income statement
Code20232024
Non-recurring operating income76A€777€905▲
Remuneration, social security and pensions62€27k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€86k€88k▲
Operating profit (loss)9901€47k€54k▲
Financial income75/76B€342€3k▲
Recurring financial income75€342€3k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€46k€55k▲
Income taxes67/77€10k€14k▲
Profit (loss) for the period9904€35k€42k▲
Profit (loss) for the period to be appropriated9905€35k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€42k▲
Profit (loss) brought forward from the previous period14P€648€648=
Transfer from equity791/2€60k€185▼
Transfer to equity691/2€31k€37k▲
To other reserves6921€31k€37k▲
Profit to be distributed694/7€65k€5k▼
Return on contributions (dividend)694€60k€833▼
Directors or managers695€5k€5k=
Social balance
Average headcount (FTE)90870.8-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 5.65
Current ratio from 2.75 to 5.65; short-term debt falls from €106k to €48k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €230k ▲19.7%
4 profitable years in a row build equity to €230k.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €43k ▲59.8%
Net result €43k, the highest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €27k ▼13%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €160k ▲20.2%
2 profitable years in a row build equity to €160k.
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 34 days late
Show earlier events
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Roeselare · 1 establishment unit since 1978
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.
Dokter Delbekestraat 48800 RoeselareGround area
243 m²
Building footprint
143 m²
Volume, LiDAR
847 m³
Parcel 36502B0412/00B003, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Dokter Delbekestraat 4, 8800 Roeselare
since 19782.039.411.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0412/00B003 | Flanders | 243 m² | 1 · 143 m² | 11.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 15,440 EUR awarded · 15,440 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,941 EUR | 4,941 EUR |
| 2024 | 1 | 6,115 EUR | 6,115 EUR |
| 2023 | 1 | 4,384 EUR | 4,384 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 59 companies in sector 15200 we hold annual accounts for 28. 19 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-1977
Fiscal year end31-12
Activities, NACEBEL 2025
15200Manufacture of leather and related products
32500Manufacture of medical and dental instruments and supplies
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.