Orthologic
ActiveSummary
Orthologic has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-3
Solvency51▼-49
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 6.44 in 2024; short-term debt: 74% and cash: 14% of total assets), and 74% of the assets are financed with debt.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-10-2025, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
9 d early
2024
4 d late
2023
27 d late
2022
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▼ 70.2%
2024 · €121k
2022: €38k
2023: €81k▲ +112% vs 2022
2024: €121k▲ +48.7% vs 2023highest in 4 years
2025: €36k▼ -70.2% vs 2024lowest in 4 years
2022 → 2025
Total assets
€138k▼ 3.2%
2024 · €143k
2022: €59klowest in 4 years
2023: €115k▲ +94.3% vs 2022
2024: €143k▲ +24.6% vs 2023highest in 4 years
2025: €138k▼ -3.2% vs 2024
2022 → 2025
Net result
€31k▼ 21.7%
2024 · €39k
2022: €33k
2023: €43k▲ +28.7% vs 2022highest in 4 years
2024: €39k▼ -7.7% vs 2023
2025: €31k▼ -21.7% vs 2024lowest in 4 years
2022 → 2025
Working capital
€24k▼ 79.9%
2024 · €120k
2022: €38k
2023: €80k▲ +112% vs 2022
2024: €120k▲ +50.1% vs 2023highest in 4 years
2025: €24k▼ -79.9% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€38k-€81k▲ 112%€121k▲ 48.7%€36k▼ 70.2%
2022: €38k
2023: €81k▲ +112% vs 2022
2024: €121k▲ +48.7% vs 2023highest in 4 years
2025: €36k▼ -70.2% vs 2024lowest in 4 years
Operating result€47k-€56k▲ 17.2%€51k▼ 8.0%€41k▼ 20.5%
2022: €47k
2023: €56k▲ +17.2% vs 2022highest in 4 years
2024: €51k▼ -8.0% vs 2023
2025: €41k▼ -20.5% vs 2024lowest in 4 years
Net result€33k-€43k▲ 28.7%€39k▼ 7.7%€31k▼ 21.7%
2022: €33k
2023: €43k▲ +28.7% vs 2022highest in 4 years
2024: €39k▼ -7.7% vs 2023
2025: €31k▼ -21.7% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138k
Fixed assets
€12k ▲ 2,438%
Current assets
€126k ▼ 11.2%
Equity and liabilities €138k
Equity
€36k ▼ 70.2%
Debt
€102k ▲ 362%
Debt's share of the balance-sheet total rises from 15.5% to 74.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€42k▼
2024 · €52k
Cash flow
€32k▼
2024 · €40k
Current ratio
1.24▼
2024 · 6.44
Debt to equity
2.84▲
2024 · 0.18
ROE
86.1%▲
2024 · 32.8%
ROA
22.4%▼
2024 · 27.7%
Interest coverage
47.24▲
2024 · 38.21
Debt ≤ 1 year
€102k▲
2024 · €22k
Income taxes
€11k▼
2024 · €13k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€143k€138k▼
Fixed assets21/28€465€12k▲
Tangible fixed assets22/27€465€12k▲
Furniture and vehicles24€465€12k▲
Current assets29/58€142k€126k▼
Amounts receivable within one year40/41€97k€102k▲
Trade receivables40€16k€16k▼
Other amounts receivable41€80k€86k▲
Cash at bank and in hand54/58€43k€19k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€143k€138k▼
Equity10/15€121k€36k▼
Contributions10/11€5k€5k=
Reserves13€116k€31k▼
Distributable reserves133€116k€31k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€22k€102k▲
Amounts payable within one year42/48€22k€102k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€20k€7k▼
Taxes450/3€20k€7k▼
Other amounts payable47/48€0€91k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€571€1k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€53k€44k▼
Operating profit (loss)9901€51k€41k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€1k€892▼
Recurring financial charges65€1k€892▼
Profit (loss) for the period before taxes9903€52k€42k▼
Income taxes67/77€13k€11k▼
Profit (loss) for the period9904€39k€31k▼
Profit (loss) for the period to be appropriated9905€39k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€31k▼
Transfer from equity791/2-€116k
Transfer to equity691/2€39k€31k▼
To other reserves6921€39k€31k▼
Profit to be distributed694/7-€116k
Return on contributions (dividend)694-€116k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €674 | €571 | €1k | ▲ 155% |
| Other operating charges640/8 | €3k | €871 | €2k | €1k | ▼ 1.6% |
| Gross operating margin9900 | €52k | €57k | €53k | €44k | ▼ 18.1% |
| Operating profit (loss)9901 | €47k | €56k | €51k | €41k | ▼ 20.5% |
| Financial income75/76B | €22 | €1k | €2k | €2k | ▲ 5.8% |
| Recurring financial income75 | €22 | €1k | €2k | €2k | ▲ 5.8% |
| Financial charges65/66B | €3k | €1k | €1k | €892 | ▼ 34.1% |
| Recurring financial charges65 | €3k | €1k | €1k | €892 | ▼ 34.1% |
| Profit (loss) for the period before taxes9903 | €45k | €56k | €52k | €42k | ▼ 19.0% |
| Income taxes67/77 | €12k | €13k | €13k | €11k | ▼ 10.6% |
| Profit (loss) for the period9904 | €33k | €43k | €39k | €31k | ▼ 21.7% |
| Profit (loss) for the period to be appropriated9905 | €33k | €43k | €39k | €31k | ▼ 21.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €59k | €115k | €143k | €138k | ▼ 3.2% |
| Fixed assets21/28 | €571 | €1k | €465 | €12k | ▲ 2,438% |
| Tangible fixed assets22/27 | €571 | €1k | €465 | €12k | ▲ 2,438% |
| Furniture and vehicles24 | €571 | €1k | €465 | €12k | ▲ 2,438% |
| Current assets29/58 | €58k | €113k | €142k | €126k | ▼ 11.2% |
| Amounts receivable within one year40/41 | €15k | €86k | €97k | €102k | ▲ 5.3% |
| Trade receivables40 | €15k | €19k | €16k | €16k | ▼ 3.1% |
| Other amounts receivable41 | €168 | €66k | €80k | €86k | ▲ 7.0% |
| Cash at bank and in hand54/58 | €38k | €24k | €43k | €19k | ▼ 54.9% |
| Deferred charges and accrued income490/1 | €5k | €3k | €3k | €5k | ▲ 95.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €59k | €115k | €143k | €138k | ▼ 3.2% |
| Equity10/15 | €38k | €81k | €121k | €36k | ▼ 70.2% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €33k | €76k | €116k | €31k | ▼ 73.2% |
| Distributable reserves133 | €33k | €76k | €116k | €31k | ▼ 73.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €21k | €33k | €22k | €102k | ▲ 362% |
| Amounts payable within one year42/48 | €21k | €33k | €22k | €102k | ▲ 362% |
| Financial debts43 | - | €829 | €0 | - | - |
| Credit institutions430/8 | - | €829 | €0 | - | - |
| Trade debts44 | €2k | €1k | €2k | €4k | ▲ 59.8% |
| Suppliers440/4 | €2k | €1k | €2k | €4k | ▲ 59.8% |
| Taxes, remuneration and social security45 | €17k | €31k | €20k | €7k | ▼ 63.0% |
| Taxes450/3 | €17k | €31k | €20k | €7k | ▼ 63.0% |
| Other amounts payable47/48 | €1k | €292 | €0 | €91k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €43k | €39k | €31k | ▼ 21.7% |
| + Depreciation and write-downs630 | €2k | €674 | €571 | €1k | ▲ 155% |
| Operating cash flow (approximation) | €35k | €43k | €40k | €32k | ▼ 19.1% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-13k | - |
| Change in cash | - | €-14k | €19k | €-24k | ▼ 227% |
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
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €31k ▼21.7%
Net result drops to €31k, the lowest in the series.
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
31-03
Financial
Equity above €100kEq €121k ▲48.7%
3 profitable years in a row build equity to €121k.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
31-03
Financial
Highest result since 2022net €43k ▲28.7%
Operating result €56k, net result €43k, both a record.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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
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, Gent · 1 establishment unit since 2020
Ground area
841 m²
Building footprint
171 m²
Volume, LiDAR
1,648 m³
Parcel 44808H0001/00C028, Flanders · tallest building 25.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Orthologic
since 20202.308.905.747
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0001/00C028 | Flanders | 841 m² | 1 · 171 m² | 25.3 m · 4 fl. |
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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,875 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2020
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
86940Nursing and midwifery
71121Engineering and related technical consultancy, excluding land surveyors
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.