ORTHOTECHNICS
ActiveSummary
ORTHOTECHNICS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of €367,448. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity ample (current ratio 4.57 against 16.73 in 2024; short-term debt: 20% and cash: 20.8% of total assets), and 20.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
79.8%
Return on assets
8.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
56 d late
2024
28 d early
2023
68 d late
2022
133 d late
2021
498 d late
2020
89 d late
2019
208 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 146 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed 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 8 October (4 of the last 5 filed years within 97 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
In the rankings
#6 company by equity in West Flanders, Other manufacturing sector#10 company by total assets in West Flanders, Other manufacturing sector
Equity
€3.3m▼ 21.1%
2024 · €4.2m
Total assets
€4.1m▼ 6.5%
2024 · €4.4m
Net result
€367,448▼ 3.6%
2024 · €381,351
Working capital
€2.9m▼ 17.6%
2024 · €3.6m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€66,228€286,486€432,341▲ 50.9%€555,546▲ 28.5%€527,763▼ 5.0%
Net result-€79,841below the sector's middle half€216,090above the sector's middle half€295,225above the sector's middle half▲ 36.6%€381,351above the sector's middle half▲ 29.2%€367,448above the sector's middle half▼ 3.6%
Equity€3.6mabove the sector's middle half▼ 13.9%€3.8mabove the sector's middle half▲ 6.0%€4.1mabove the sector's middle half▲ 7.7%€4.2mabove the sector's middle half▲ 1.6%€3.3mabove the sector's middle half▼ 21.1%
Total assets€4.5mabove the sector's middle half▼ 26.9%€4.1mabove the sector's middle half▼ 9.1%€4.4mabove the sector's middle half▲ 8.3%€4.4mabove the sector's middle half▲ 0.3%€4.1mabove the sector's middle half▼ 6.5%
Debt€874,268▼ 54.8%€251,460▼ 71.2%€293,273▲ 16.6%€242,628▼ 17.3%€832,650▲ 243%
Working capital€3.1mabove the sector's middle half▼ 15.6%€3.3mabove the sector's middle half▲ 7.3%€3.5mabove the sector's middle half▲ 7.4%€3.6mabove the sector's middle half▲ 1.4%€2.9mabove the sector's middle half▼ 17.6%
Solvency80.4%above the sector's middle half▲ 12.1pp93.8%above the sector's middle half▲ 13.4pp93.3%above the sector's middle half▼ 0.5pp94.5%above the sector's middle half▲ 1.2pp79.8%above the sector's middle half▼ 14.7pp
Current ratio4.73above the sector's middle half▲ 1.8116.19above the sector's middle half▲ 11.4514.10above the sector's middle half▼ 2.0916.73above the sector's middle half▲ 2.634.57above the sector's middle half▼ 12.15
Return on assets (ROA)-1.8%below the sector's middle half▼ 15.0pp5.3%within the sector's middle half▲ 7.1pp6.7%within the sector's middle half▲ 1.4pp8.6%within the sector's middle half▲ 1.9pp8.9%within the sector's middle half▲ 0.3pp
Staff (FTE)3within the sector's middle half▼ 16.7%2.5within the sector's middle half▼ 16.7%2.4within the sector's middle half▼ 4.0%2.3within the sector's middle half▼ 4.2%2.9within the sector's middle half▲ 26.1%
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€352,447 ▼ 42.0%
Current assets
€3.8m ▼ 0.9%
Equity and liabilities €4.1m
Equity
€3.3m ▼ 21.1%
Debt
€832,650 ▲ 243%
Debt's share of the balance-sheet total rises from 5.5% to 20.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€596,410▼
2024 · €612,049
Cash flow
€436,095▼
2024 · €437,853
Quick ratio
4.57▼
2024 · 16.73
Debt to equity
0.25▲
2024 · 0.06
ROE
11.2%▲
2024 · 9.1%
Interest coverage
107.40▼
2024 · 123.96
Debt ≤ 1 year
€824,504▲
2024 · €227,461
Debt > 1 year
€7,148▼
2024 · €15,167
Income taxes
€167,574▼
2024 · €175,323
Staff costs
€222,195▲
2024 · €209,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% 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 497,341 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 31,371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €141,393 | €188,977 | €189,174 | €209,798 | €222,195 | ▲ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,839 | €77,416 | €76,021 | €56,502 | €68,647 | ▲ 21.5% |
| Other operating charges640/8 | €5,195 | €5,908 | €4,785 | €19,847 | €4,215 | ▼ 78.8% |
| Gross operating margin9900 | €164,199 | €558,787 | €702,322 | €841,694 | €822,820 | ▼ 2.2% |
| Operating profit (loss)9901 | -€66,228 | €286,486 | €432,341 | €555,546 | €527,763 | ▼ 5.0% |
| Financial income75/76B | €1,156 | €1,878 | €14,974 | €6,065 | €12,812 | ▲ 111% |
| Recurring financial income75 | €1,156 | €1,878 | €14,974 | €6,065 | €12,812 | ▲ 111% |
| Financial charges65/66B | €13,059 | €6,482 | €4,362 | €4,937 | €5,553 | ▲ 12.5% |
| Recurring financial charges65 | €13,059 | €6,482 | €4,362 | €4,937 | €5,553 | ▲ 12.5% |
| Profit (loss) for the period before taxes9903 | -€78,130 | €281,882 | €442,954 | €556,674 | €535,022 | ▼ 3.9% |
| Income taxes67/77 | €1,712 | €65,792 | €147,729 | €175,323 | €167,574 | ▼ 4.4% |
| Profit (loss) for the period9904 | -€79,841 | €216,090 | €295,225 | €381,351 | €367,448 | ▼ 3.6% |
| Profit (loss) for the period to be appropriated9905 | -€79,841 | €216,090 | €295,225 | €381,351 | €367,448 | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.1m | €4.4m | €4.4m | €4.1m | ▼ 6.5% |
| Fixed assets21/28 | €588,499 | €560,789 | €600,630 | €607,436 | €352,447 | ▼ 42.0% |
| Tangible fixed assets22/27 | €587,608 | €559,898 | €599,721 | €606,545 | €351,556 | ▼ 42.0% |
| Plant, machinery and equipment23 | €9,379 | €6,128 | €7,118 | €4,037 | €2,242 | ▼ 44.5% |
| Furniture and vehicles24 | €434,717 | €450,138 | €493,955 | €532,380 | €305,823 | ▼ 42.6% |
| Other tangible fixed assets26 | €143,512 | €103,632 | €98,648 | €70,128 | €43,491 | ▼ 38.0% |
| Financial fixed assets28 | €891 | €891 | €909 | €891 | €891 | = |
| Current assets29/58 | €3.9m | €3.5m | €3.8m | €3.8m | €3.8m | ▼ 0.9% |
| Stocks and contracts in progress3 | €300 | €277 | €277 | €295 | €311 | ▲ 5.5% |
| Stocks30/36 | €300 | €277 | €277 | €295 | €311 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €327,377 | €475,592 | €425,948 | €513,413 | €420,714 | ▼ 18.1% |
| Trade receivables40 | €320,575 | €470,404 | €366,553 | €456,023 | €419,660 | ▼ 8.0% |
| Other amounts receivable41 | €6,802 | €5,188 | €59,394 | €57,390 | €1,054 | ▼ 98.2% |
| Current investments50/53 | €1.4m | €1.7m | €1.9m | €1.8m | €2.5m | ▲ 41.7% |
| Cash at bank and in hand54/58 | €2.0m | €1.3m | €1.4m | €1.5m | €859,935 | ▼ 43.8% |
| Deferred charges and accrued income490/1 | €67,062 | €22,610 | €11,313 | €10,035 | €8,883 | ▼ 11.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.1m | €4.4m | €4.4m | €4.1m | ▼ 6.5% |
| Equity10/15 | €3.6m | €3.8m | €4.1m | €4.2m | €3.3m | ▼ 21.1% |
| Contributions10/11 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | €3.7m | €3.8m | €4.1m | €4.2m | €3.3m | ▼ 21.1% |
| Non-distributable reserves130/1 | €78,375 | €78,375 | - | - | - | - |
| Reserves not available under the articles1311 | €78,375 | €78,375 | - | - | - | - |
| Tax-exempt reserves132 | €349 | €349 | €349 | €349 | €349 | = |
| Distributable reserves133 | €3.6m | €3.7m | €4.1m | €4.2m | €3.3m | ▼ 21.1% |
| Profit (loss) carried forward14 | -€79,841 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €874,268 | €251,460 | €293,273 | €242,628 | €832,650 | ▲ 243% |
| Amounts payable after more than one year17 | €53,675 | €35,200 | €23,948 | €15,167 | €7,148 | ▼ 52.9% |
| Financial debts170/4 | €53,675 | €35,200 | €23,948 | €15,167 | €5,588 | ▼ 63.2% |
| Other amounts payable178/9 | - | - | - | - | €1,560 | - |
| Amounts payable within one year42/48 | €819,739 | €216,260 | €269,325 | €227,461 | €824,504 | ▲ 262% |
| Current portion of amounts payable after more than one year42 | - | €8,541 | €9,579 | €9,579 | €9,579 | = |
| Trade debts44 | €6,711 | €32,278 | €36,788 | €39,685 | €144,323 | ▲ 264% |
| Suppliers440/4 | €6,711 | €32,278 | €36,788 | €39,685 | €144,323 | ▲ 264% |
| Taxes, remuneration and social security45 | €40,698 | €66,818 | €109,132 | €60,998 | €57,432 | ▼ 5.8% |
| Taxes450/3 | €12,228 | €38,938 | €74,739 | €25,732 | €22,943 | ▼ 10.8% |
| Remuneration and social security454/9 | €28,470 | €27,880 | €34,393 | €35,267 | €34,489 | ▼ 2.2% |
| Other amounts payable47/48 | €772,331 | €108,623 | €113,826 | €117,198 | €613,169 | ▲ 423% |
| Accrued charges and deferred income492/3 | €854 | - | - | - | €998 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€79,841 | €216,090 | €295,225 | €381,351 | €367,448 | ▼ 3.6% |
| + Depreciation and write-downs630 | €83,839 | €77,416 | €76,021 | €56,502 | €68,647 | ▲ 21.5% |
| Operating cash flow (approximation) | €3,997 | €293,506 | €371,246 | €437,853 | €436,095 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€49,706 | -€115,862 | -€63,308 | €186,342 | ▲ 394% |
| Change in cash | - | -€734,415 | €142,536 | €86,138 | -€670,359 | ▼ 878% |
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
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 56 days late
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 133 days late
11-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 498 days late
2022
31-12
Financial
Back to profitnet €216,090
Net result €216,090 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 16.19
Current ratio from 4.73 to 16.19; short-term debt falls from €819,739 to €216,260.
2021
31-12
Financial
Weakest financial yearnet -€79,841
Net result drops to -€79,841, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 208 days late
2019
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 129 days late
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 104 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 423 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2007
Ground area
1,160 m²
Building footprint
608 m²
Volume, LiDAR
4,151 m³
Parcel 34013A1278/00K003, Flanders · tallest building 13.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ORTHOTECHNICS
since 20072.163.434.352
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1278/00K003 | Flanders | 1,160 m² | 1 · 608 m² | 13.7 m · 2 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.
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 649 EUR awarded · 649 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 398 EUR | 398 EUR |
| 2022 | 1 | 251 EUR | 251 EUR |
Recognitions · licences · registrations
Care and welfare
1 serviceORTHOTECHNICS
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Of 1,248 companies in this sector we hold annual accounts for 694. 246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
32500Manufacture of medical and dental instruments and supplies
32300Other manufacturing
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877367671
Also
9925:BE0877367671
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.