ORTHOWATT
ActiveORTHOWATT has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294k and a net result of €146k. Equity is growing by ~51.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.76 against 2.99 in 2024), and 27.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Sector 32
lower
← fewer bankruptcies
more bankruptcies →
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
72.2%
Return on assets
35.8%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
40 d early
2024
45 d early
2023
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€294k▲ 48.3%
2024 · €198k
2023: €88k
2024: €198k
2023 → 2025
Total assets
€408k▲ 54.1%
2024 · €265k
2023: €136k
2024: €265k
2023 → 2025
Net result
€146k▲ 32.6%
2024 · €110k
2023: €73k
2024: €110k
2023 → 2025
Working capital
€200k▲ 51.9%
2024 · €132k
2023: €56k
2024: €132k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€88k-€198k▲ 124%€294k▲ 48.3%
Operating result€106k-€158k▲ 49.1%€202k▲ 27.5%
Net result€73k-€110k▲ 49.8%€146k▲ 32.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 27% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €407k
Fixed assets
€94k▲ 41.7%
Current assets
€314k▲ 58.5%
Equity and liabilities €408k
Equity
€294k▲ 48.3%
Debt
€113k▲ 71.7%
The debt ratio rises from 25.0% to 27.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€214k▲
2024 · €167k
Cash flow
€158k▲
2024 · €119k
Solvency
72.2%▼
2024 · 75.0%
Current ratio
2.76▼
2024 · 2.99
Quick ratio
2.76▼
2024 · 2.99
Debt / equity
0.39▲
2024 · 0.33
ROE
49.6%▼
2024 · 55.4%
ROA
35.8%▼
2024 · 41.6%
Interest coverage
1727.33▲
2024 · 1523.24
Debt
€113k▲
2024 · €66k
Debt ≤ 1 year
€113k▲
2024 · €66k
Income taxes
€56k▲
2024 · €48k
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€265k€408k▲
Formation expenses20€513€342▼
Fixed assets21/28€66k€94k▲
Tangible fixed assets22/27€66k€94k▲
Land and buildings22€46k€78k▲
Plant, machinery and equipment23€18k€12k▼
Furniture and vehicles24€2k€3k▲
Current assets29/58€198k€314k▲
Amounts receivable within one year40/41€73k€32k▼
Trade receivables40€73k€29k▼
Other amounts receivable41€250€3k▲
Cash at bank and in hand54/58€124k€281k▲
Deferred charges and accrued income490/1€244€161▼
Equity and liabilities
Total equity and liabilities10/49€265k€408k▲
Equity10/15€198k€294k▲
Contributions10/11€15k€15k=
Reserves13€183k€279k▲
Distributable reserves133€183k€279k▲
Profit (loss) carried forward14€423€451▲
Amounts payable17/49€66k€113k▲
Amounts payable within one year42/48€66k€113k▲
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€51k€66k▲
Taxes450/3€51k€66k▲
Other amounts payable47/48€7k€40k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲
Other operating charges640/8€311€1k▲
Non-recurring operating charges66A€10k-
Gross operating margin9900€177k€215k▲
Operating profit (loss)9901€158k€202k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€110€124▲
Recurring financial charges65€110€124▲
Profit (loss) for the period before taxes9903€158k€202k▲
Income taxes67/77€48k€56k▲
Profit (loss) for the period9904€110k€146k▲
Profit (loss) for the period to be appropriated9905€110k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€110k€146k▲
Profit (loss) brought forward from the previous period14P€423€423=
Transfer to equity691/2€110k€96k▼
To other reserves6921€110k€96k▼
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
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
30-06
Financial
Highest result since 2023net €146k ▲32.6%
Operating result €202k, net result €146k, both a record.
30-06
Financial
Equity above €200kEq €294k ▲48.3%
3 profitable years in a row build equity to €294k.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €150kEq €198k ▲124%
2 profitable years in a row build equity to €198k.
2023
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · 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, Tournai · 1 establishment unit since 2022
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.
Grand Rejet(MSA) 77542 TournaiGround area
4,408 m²
Building footprint
364 m²
Volume, LiDAR
2,255 m³
Parcel 57056A0290/00F000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ORTHOWATT
since 20222.338.263.291
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57056A0290/00F000 | Wallonia | 4,408 m² | 1 · 364 m² | 7.9 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.
Similar companies · same sector, comparable size
B&E Dentaallabo
BE 0675.756.438
Liedekerke · Eq €294k
ORTHO-REALISATION
BE 0822.654.327
Eghezée · Eq €294k
MEDIWELLNESS
BE 0436.121.205
Mons · Eq €295k
LABORATOIRE DRAILY
BE 0424.472.691
Sint-Gillis (bij-Brussel) · Eq €297k
LABORATOIRE CRICKX
BE 0798.844.092
Saint-Ghislain · Eq €298k
Of 1,245 companies in sector 32500 we hold annual accounts for 692. 525 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2022
Fiscal year end30-06
Activities, NACEBEL
32500Manufacture of medical and dental instruments and supplies
86905Human health activities
86951Physiotherapy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.