Orthosim
ActiveOrthosim has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €32k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency74▲+9
Growth78=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.9 in 2024; short-term debt: 45.8% and cash: 0% of total assets), and 50.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
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
49.2%
Return on assets
47.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-12-2025, 129 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
129 d early
2024
37 d early
2023
34 d early
2022
34 d early
2021
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▲ 14.8%
2024 · €29k
2021: €26k
2022: €43k
2023: €66k
2024: €29k
2021 → 2025
Total assets
€67k▼ 6.6%
2024 · €72k
2021: €70k
2022: €72k
2023: €87k
2024: €72k
2021 → 2025
Net result
€32k▲ 15.1%
2024 · €28k
2021: €25k
2022: €17k
2023: €23k
2024: €28k
2021 → 2025
Working capital
€3k
2024 · €-4k
2021: €22k
2022: €34k
2023: €53k
2024: €-4k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€43k▲ 65.4%€66k▲ 52.7%€29k▼ 56.2%€33k▲ 14.8%
Operating result€37k-€27k▼ 26.0%€35k▲ 31.0%€43k▲ 21.0%€49k▲ 15.5%
Net result€25k-€17k▼ 32.0%€23k▲ 33.3%€28k▲ 22.3%€32k▲ 15.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€34k▼ 8.0%
Current assets
€34k▼ 5.2%
Equity and liabilities €67k
Equity
€33k▲ 14.8%
Debt
€34k▼ 21.0%
The debt ratio falls from 60.0% to 50.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2024 · €48k
Cash flow
€39k▲
2024 · €33k
Solvency
49.2%▲
2024 · 40.0%
Current ratio
1.09▲
2024 · 0.90
Quick ratio
1.09▲
2024 · 0.90
Debt / equity
1.03▼
2024 · 1.50
ROE
96.7%▲
2024 · 96.5%
ROA
47.6%▲
2024 · 38.6%
Interest coverage
31.41▲
2024 · 26.18
Debt
€34k▼
2024 · €43k
Debt ≤ 1 year
€31k▼
2024 · €40k
Income taxes
€16k▲
2024 · €13k
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€72k€67k▼
Fixed assets21/28€37k€34k▼
Tangible fixed assets22/27€37k€34k▼
Land and buildings22€9k€8k▼
Plant, machinery and equipment23€8k€6k▼
Other tangible fixed assets26€21k€20k▼
Current assets29/58€35k€34k▼
Amounts receivable within one year40/41€11k€14k▲
Trade receivables40€10k€14k▲
Other amounts receivable41€20-
Cash at bank and in hand54/58€1k€30▼
Deferred charges and accrued income490/1€24k€19k▼
Equity and liabilities
Total equity and liabilities10/49€72k€67k▼
Equity10/15€29k€33k▲
Contributions10/11€1k€1k=
Reserves13€28k€32k▲
Distributable reserves133€28k€32k▲
Amounts payable17/49€43k€34k▼
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€40k€31k▼
Current portion of amounts payable after more than one year42€2k€1k▼
Trade debts44€2k€960▼
Suppliers440/4€2k€960▼
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€5k€9k▲
Other amounts payable47/48€30k€20k▼
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€194€208▲
Gross operating margin9900€48k€56k▲
Operating profit (loss)9901€43k€49k▲
Financial income75/76B€39-
Recurring financial income75€39-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€41k€48k▲
Income taxes67/77€13k€16k▲
Profit (loss) for the period9904€28k€32k▲
Profit (loss) for the period to be appropriated9905€28k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€32k▲
Transfer from equity791/2€65k€28k▼
Transfer to equity691/2€28k€32k▲
To other reserves6921€28k€32k▲
Profit to be distributed694/7€65k€28k▼
Return on contributions (dividend)694€65k€28k▼
The notes to these accounts (5 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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2021net €32k ▲15.1%
Operating result €49k, net result €32k, both a record.
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €17k ▼32%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2020
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.
Leeuwkestraat 428790 WaregemGround area
2,981 m²
Building footprint
281 m²
Volume, LiDAR
1,774 m³
Parcel 34452B0546/00C000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Orthosim
since 20202.312.848.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0546/00C000 | Flanders | 2,981 m² | 1 · 281 m² | 10.7 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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Of 12,689 companies in sector 86951 we hold annual accounts for 2,142. 1,940 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2020
Fiscal year end30-09
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
32500Manufacture of medical and dental instruments and supplies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:simone.brammer@telenet.be