Orthochir
ActiveSummary
Orthochir has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,208 and a net result of -€34,576. Equity is shrinking by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency66▼-26
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.11 against 0.13 in 2024; short-term debt: 58.8% and cash: 1.2% of total assets), and 58.8% of the assets are financed with debt.
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Signals
Six 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.2%
Return on assets
-37.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€34,576
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
22 d early
2023
6 d early
2022
77 d late
2021
46 d late
2020
88 d late
2019
216 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 57 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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. Usually files around 31 July (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€34,576▼ 87.8%
2024 · -€18,409
Working capital
-€48,564▼ 59.0%
2024 · -€30,545
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€68,655▼ 21.4%€32,401▼ 52.8%€26,908▼ 17.0%-€23,332-€32,341▼ 38.6%
Net result€30,243€28,991▼ 4.1%€14,325▼ 50.6%-€18,409-€34,576▼ 87.8%
Equity€544,318▲ 5.9%€522,867▼ 3.9%€537,193▲ 2.7%€72,784▼ 86.5%€38,208▼ 47.5%
Total assets€656,728▲ 1.9%€589,315▼ 10.3%€554,545▼ 5.9%€108,067▼ 80.5%€92,695▼ 14.2%
Debt€112,410▼ 13.9%€66,448▼ 40.9%€17,352▼ 73.9%€35,284▲ 103%€54,487▲ 54.4%
Working capital€381,333▼ 1.3%€345,494▼ 9.4%€421,324▲ 21.9%-€30,545-€48,564▼ 59.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32,341 in 2025 against €23,332 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,695
Fixed assets
€86,771 ▼ 16.0%
Current assets
€5,923 ▲ 25.0%
Equity and liabilities €92,695
Equity
€38,208 ▼ 47.5%
Debt
€54,487 ▲ 54.4%
Debt's share of the balance-sheet total rises from 32.6% to 58.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€20,793▼
2024 · -€10,780
Cash flow
-€23,028▼
2024 · -€5,856
Current ratio
0.11▼
2024 · 0.13
Debt to equity
1.43▲
2024 · 0.48
ROE
-90.5%▼
2024 · -25.3%
ROA
-37.3%▼
2024 · -17.0%
Interest coverage
-33.74▼
2024 · -17.91
Debt ≤ 1 year
€54,487▲
2024 · €35,284
Income taxes
€1,619▲
2024 · -€5,525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,341 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% | 1.0% |
| 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% 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 5,834 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,739 | €45,446 | €14,167 | €12,552 | €11,549 | ▼ 8.0% |
| Other operating charges640/8 | €3,496 | €5,293 | €16,161 | €9,741 | €5,941 | ▼ 39.0% |
| Non-recurring operating charges66A | - | - | - | - | €4,540 | - |
| Gross operating margin9900 | €115,890 | €83,140 | €57,237 | -€1,039 | -€10,311 | ▼ 893% |
| Operating profit (loss)9901 | €68,655 | €32,401 | €26,908 | -€23,332 | -€32,341 | ▼ 38.6% |
| Financial income75/76B | €11,037 | €11,037 | €45 | €0 | - | - |
| Recurring financial income75 | €11,037 | €11,037 | €45 | €0 | - | - |
| Financial charges65/66B | €4,078 | €2,440 | €1,318 | €602 | €616 | ▲ 2.4% |
| Recurring financial charges65 | €4,078 | €2,440 | €1,318 | €602 | €616 | ▲ 2.4% |
| Profit (loss) for the period before taxes9903 | €75,614 | €40,997 | €25,635 | -€23,934 | -€32,957 | ▼ 37.7% |
| Income taxes67/77 | €45,371 | €12,007 | €11,310 | -€5,525 | €1,619 | ▲ 129% |
| Profit (loss) for the period9904 | €30,243 | €28,991 | €14,325 | -€18,409 | -€34,576 | ▼ 87.8% |
| Profit (loss) for the period to be appropriated9905 | €30,243 | €28,991 | €14,325 | -€18,409 | -€34,576 | ▼ 87.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €656,728 | €589,315 | €554,545 | €108,067 | €92,695 | ▼ 14.2% |
| Fixed assets21/28 | €196,131 | €182,870 | €115,881 | €103,328 | €86,771 | ▼ 16.0% |
| Tangible fixed assets22/27 | €195,663 | €182,402 | €115,412 | €102,860 | €86,771 | ▼ 15.6% |
| Land and buildings22 | €117,090 | €96,552 | €89,557 | €82,561 | €75,566 | ▼ 8.5% |
| Plant, machinery and equipment23 | €39,107 | €32,035 | €25,856 | €20,299 | €11,206 | ▼ 44.8% |
| Furniture and vehicles24 | €39,466 | €53,814 | €0 | - | - | - |
| Financial fixed assets28 | €468 | €468 | €468 | €468 | €0 | ▼ 100% |
| Current assets29/58 | €460,597 | €406,445 | €438,664 | €4,739 | €5,923 | ▲ 25.0% |
| Amounts receivable after more than one year29 | €390,000 | €390,000 | €0 | - | - | - |
| Other amounts receivable291 | €390,000 | €390,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €27,649 | €4,880 | €434,117 | €690 | €0 | ▼ 100% |
| Trade receivables40 | €27,649 | €0 | - | - | - | - |
| Other amounts receivable41 | €0 | €4,880 | €434,117 | €690 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €42,032 | €11,186 | €2,995 | €2,654 | €1,150 | ▼ 56.7% |
| Deferred charges and accrued income490/1 | €916 | €380 | €1,552 | €1,395 | €4,773 | ▲ 242% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €656,728 | €589,315 | €554,545 | €108,067 | €92,695 | ▼ 14.2% |
| Equity10/15 | €544,318 | €522,867 | €537,193 | €72,784 | €38,208 | ▼ 47.5% |
| Contributions10/11 | €18,592 | €18,592 | €20,451 | €20,451 | €20,451 | = |
| Capital10 | €18,592 | €0 | - | - | - | - |
| Issued capital100 | €18,592 | €0 | - | - | - | - |
| Outside capital11 | - | €18,592 | - | - | - | - |
| Other1109/19 | - | €18,592 | - | - | - | - |
| Reserves13 | €100,182 | €45,741 | €43,882 | €43,882 | €43,882 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Legal reserve130 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | €98,323 | €43,882 | €23,323 | €23,323 | €23,323 | = |
| Distributable reserves133 | - | - | €20,559 | €20,559 | €20,559 | = |
| Profit (loss) carried forward14 | €425,544 | €458,534 | €472,860 | €8,451 | -€26,125 | ▼ 409% |
| Amounts payable17/49 | €112,410 | €66,448 | €17,352 | €35,284 | €54,487 | ▲ 54.4% |
| Amounts payable after more than one year17 | €32,506 | €4,267 | €0 | - | - | - |
| Financial debts170/4 | €30,526 | €2,287 | €0 | - | - | - |
| Other amounts payable178/9 | €1,980 | €1,980 | €0 | - | - | - |
| Amounts payable within one year42/48 | €79,264 | €60,951 | €17,340 | €35,284 | €54,487 | ▲ 54.4% |
| Current portion of amounts payable after more than one year42 | €52,937 | €32,274 | €5,577 | €0 | - | - |
| Financial debts43 | - | - | €1,220 | €0 | - | - |
| Credit institutions430/8 | - | - | €1,220 | €0 | - | - |
| Trade debts44 | €500 | €0 | €544 | €3,211 | €3,795 | ▲ 18.2% |
| Suppliers440/4 | €500 | - | €544 | €3,211 | €3,795 | ▲ 18.2% |
| Taxes, remuneration and social security45 | €25,454 | €23,326 | €0 | - | €1,619 | - |
| Taxes450/3 | €25,454 | €23,326 | €0 | - | €1,619 | - |
| Other amounts payable47/48 | €372 | €5,351 | €10,000 | €32,073 | €49,073 | ▲ 53.0% |
| Accrued charges and deferred income492/3 | €640 | €1,230 | €12 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,243 | €28,991 | €14,325 | -€18,409 | -€34,576 | ▼ 87.8% |
| + Depreciation and write-downs630 | €43,739 | €45,446 | €14,167 | €12,552 | €11,549 | ▼ 8.0% |
| Operating cash flow (approximation) | €73,982 | €74,436 | €28,492 | -€5,856 | -€23,028 | ▼ 293% |
| Investment in fixed assets (approximation) | - | -€32,184 | €52,822 | €0 | €5,008 | - |
| Change in cash | - | -€30,846 | -€8,191 | -€341 | -€1,504 | ▼ 341% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€34,576
Net result drops to -€34,576, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 25.30
Current ratio from 6.67 to 25.30; short-term debt falls from €60,951 to €17,340.
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 77 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
Financial
Back to profitnet €30,243
Net result €30,243 after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 216 days late
2020
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 195 days late
2019
31-12
Financial
Highest result since 2018net €70,504 ▲9%
Net result €70,504, the highest in the series.
Show earlier events
31-12
Financial
Equity above €500,000Eq €529,235 ▲15.4%
2 profitable years in a row build equity to €529,235.
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 99 days late
2017
15-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 107 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 1990
Ground area
2,166 m²
Building footprint
225 m²
Parcel 25763L0842/00B000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Orthochir
since 19902.230.502.528
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0842/00B000 | Wallonia | 2,165 m² | 1 · 225 m² | - |
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.
Company details
Identification
Legal formPrivate limited company
Founded27-12-1990
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442948520
Also
9925:BE0442948520
Registered
24-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.