ORTIMA
ActiveSummary
ORTIMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €323k and a net result of €83k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+19
Solvency65▲+10
Growth63=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.2 in 2024; short-term debt: 16.8% and cash: 0% of total assets), and 59.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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
40.3%
Return on assets
10.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
29 d late
2023
1 d late
2022
on the day
2021
31 d late
2020
30 d late
2019
102 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€96k=
2022 · €96k
2018: €96khighest in 6 years
2019: €96k● 0.0% vs 2018highest in 6 years
2020: €96k● 0.0% vs 2019highest in 6 years
2021: €96k● 0.0% vs 2020highest in 6 years
2022: €96k● 0.0% vs 2021highest in 6 years
2023: €96k● 0.0% vs 2022highest in 6 years
2018 → 2023
EBIT margin
1.0%▼ 15.2pp
2022 · 16.2%
2018: 5.5%
2019: -17.2%▼ -410% vs 2018
2020: 37.1%▲ +316% vs 2019highest in 6 years
2021: -17.7%▼ -148% vs 2020lowest in 6 years
2022: 16.2%▲ +191% vs 2021
2023: 1.0%▼ -93.9% vs 2022
2018 → 2023
Net result
€83k▲ 167%
2024 · €31k
2018: €-9klowest in 8 years
2019: €-68▲ +99.2% vs 2018
2020: €20k▲ +28803% vs 2019
2021: €27k▲ +38.5% vs 2020
2022: €11k▼ -60.6% vs 2021
2023: €44k▲ +317% vs 2022
2024: €31k▼ -29.7% vs 2023
2025: €83k▲ +167% vs 2024highest in 8 years
2018 → 2025
Working capital
€-88k▲ 38.9%
2024 · €-143k
2018: €-184klowest in 8 years
2019: €-168k▲ +8.9% vs 2018
2020: €-148k▲ +12.0% vs 2019
2021: €-62k▲ +58.2% vs 2020highest in 8 years
2022: €-163k▼ -165% vs 2021
2023: €-154k▲ +5.5% vs 2022
2024: €-143k▲ +7.3% vs 2023
2025: €-88k▲ +38.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€96k-€96k=€96k=
2021: €96khighest in 3 years
2022: €96k● 0.0% vs 2021highest in 3 years
2023: €96k● 0.0% vs 2022highest in 3 years
Equity€153k-€164k▲ 7.0%€208k▲ 27.2%€239k▲ 15.0%€323k▲ 34.9%
2021: €153klowest in 5 years
2022: €164k▲ +7.0% vs 2021
2023: €208k▲ +27.2% vs 2022
2024: €239k▲ +15.0% vs 2023
2025: €323k▲ +34.9% vs 2024highest in 5 years
Operating result€-17k-€16k€945▼ 93.9%€5k▲ 411%€19k▲ 293%
2021: €-17klowest in 5 years
2022: €16k▲ +191% vs 2021
2023: €945▼ -93.9% vs 2022
2024: €5k▲ +411% vs 2023
2025: €19k▲ +293% vs 2024highest in 5 years
Net result€27k-€11k▼ 60.6%€44k▲ 317%€31k▼ 29.7%€83k▲ 167%
2021: €27k
2022: €11k▼ -60.6% vs 2021lowest in 5 years
2023: €44k▲ +317% vs 2022
2024: €31k▼ -29.7% vs 2023
2025: €83k▲ +167% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 293% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €801k
Fixed assets
€754k ▼ 2.1%
Current assets
€47k ▲ 31.2%
Equity and liabilities €801k
Equity
€323k ▲ 34.9%
Debt
€478k ▼ 15.7%
Debt's share of the balance-sheet total falls from 70.3% to 59.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▲
2024 · €26k
Cash flow
€104k▲
2024 · €52k
Current ratio
0.35▲
2024 · 0.20
Debt to equity
1.48▼
2024 · 2.37
ROE
25.8%▲
2024 · 13.1%
ROA
10.4%▲
2024 · 3.9%
Interest coverage
2.78▲
2024 · 1.50
Debt ≤ 1 year
€134k▼
2024 · €179k
Debt > 1 year
€344k▼
2024 · €388k
Income taxes
€31k▲
2024 · €21k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€806k€801k▼
Fixed assets21/28€771k€754k▼
Tangible fixed assets22/27€471k€454k▼
Land and buildings22€409k€396k▼
Plant, machinery and equipment23€62k€58k▼
Financial fixed assets28€300k€300k=
Current assets29/58€36k€47k▲
Amounts receivable within one year40/41€33k€45k▲
Trade receivables40€30k€40k▲
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€1k€73▼
Deferred charges and accrued income490/1€982€2k▲
Equity and liabilities
Total equity and liabilities10/49€806k€801k▼
Equity10/15€239k€323k▲
Contributions10/11€30k€30k=
Reserves13€24k€24k=
Tax-exempt reserves132€21k€21k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€186k€269k▲
Amounts payable17/49€567k€478k▼
Amounts payable after more than one year17€388k€344k▼
Financial debts170/4€388k€344k▼
Amounts payable within one year42/48€179k€134k▼
Current portion of amounts payable after more than one year42€43k€44k▲
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€30k€23k▼
Suppliers440/4€30k€23k▼
Taxes, remuneration and social security45€35k€51k▲
Taxes450/3€35k€51k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€72k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€5k€7k▲
Gross operating margin9900€31k€47k▲
Operating profit (loss)9901€5k€19k▲
Financial income75/76B€65k€110k▲
Recurring financial income75€65k€110k▲
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€53k€115k▲
Income taxes67/77€21k€31k▲
Profit (loss) for the period9904€31k€83k▲
Profit (loss) for the period to be appropriated9905€31k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€186k€269k▲
Profit (loss) brought forward from the previous period14P€154k€186k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €96k | €96k | €96k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €16k | €35k | €21k | €21k | ▲ 1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €463 | €4k | €0 | - | - |
| Other operating charges640/8 | €3k | €3k | €5k | €5k | €7k | ▲ 27.8% |
| Gross operating margin9900 | €-580 | €35k | €45k | €31k | €47k | ▲ 51.3% |
| Operating profit (loss)9901 | €-17k | €16k | €945 | €5k | €19k | ▲ 293% |
| Financial income75/76B | €65k | €13k | €65k | €65k | €110k | ▲ 69.2% |
| Recurring financial income75 | €65k | €13k | €65k | €65k | €110k | ▲ 69.2% |
| Financial charges65/66B | €14k | €14k | €18k | €17k | €14k | ▼ 16.0% |
| Recurring financial charges65 | €14k | €14k | €18k | €17k | €14k | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €34k | €14k | €48k | €53k | €115k | ▲ 118% |
| Transfer from deferred taxes780 | €479 | €506 | €15k | - | - | - |
| Transfer to deferred taxes680 | €6k | - | - | - | - | - |
| Income taxes67/77 | €2k | €4k | €18k | €21k | €31k | ▲ 45.7% |
| Profit (loss) for the period9904 | €27k | €11k | €44k | €31k | €83k | ▲ 167% |
| Transfer from tax-exempt reserves789 | €1k | €2k | €50k | - | - | - |
| Transfer to tax-exempt reserves689 | €22k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €6k | €12k | €94k | €31k | €83k | ▲ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €738k | €779k | €799k | €806k | €801k | ▼ 0.7% |
| Fixed assets21/28 | €629k | €769k | €791k | €771k | €754k | ▼ 2.1% |
| Tangible fixed assets22/27 | €329k | €469k | €491k | €471k | €454k | ▼ 3.5% |
| Land and buildings22 | €314k | €453k | €422k | €409k | €396k | ▼ 3.1% |
| Plant, machinery and equipment23 | €15k | €17k | €70k | €62k | €58k | ▼ 6.3% |
| Financial fixed assets28 | €300k | €300k | €300k | €300k | €300k | = |
| Current assets29/58 | €109k | €10k | €8k | €36k | €47k | ▲ 31.2% |
| Amounts receivable within one year40/41 | - | €5k | - | €33k | €45k | ▲ 34.2% |
| Trade receivables40 | - | €5k | - | €30k | €40k | ▲ 33.1% |
| Other amounts receivable41 | - | - | - | €3k | €5k | ▲ 44.0% |
| Cash at bank and in hand54/58 | €109k | €4k | €6k | €1k | €73 | ▼ 95.1% |
| Deferred charges and accrued income490/1 | - | - | €1k | €982 | €2k | ▲ 122% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €738k | €779k | €799k | €806k | €801k | ▼ 0.7% |
| Equity10/15 | €153k | €164k | €208k | €239k | €323k | ▲ 34.9% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Outside capital11 | €30k | - | - | - | - | - |
| Other1109/19 | €30k | - | - | - | - | - |
| Reserves13 | €75k | €73k | €24k | €24k | €24k | = |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Tax-exempt reserves132 | €72k | €70k | €21k | €21k | €21k | = |
| Distributable reserves133 | - | - | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €48k | €60k | €154k | €186k | €269k | ▲ 44.9% |
| Provisions and deferred taxes16 | €15k | €15k | - | - | - | - |
| Deferred taxes168 | €15k | €15k | - | - | - | - |
| Amounts payable17/49 | €570k | €601k | €591k | €567k | €478k | ▼ 15.7% |
| Amounts payable after more than one year17 | €399k | €428k | €429k | €388k | €344k | ▼ 11.4% |
| Financial debts170/4 | €399k | €428k | €429k | €388k | €344k | ▼ 11.4% |
| Amounts payable within one year42/48 | €171k | €173k | €162k | €179k | €134k | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | €32k | €41k | €43k | €43k | €44k | ▲ 3.5% |
| Financial debts43 | €45k | - | - | - | €4k | - |
| Credit institutions430/8 | €45k | - | - | - | €4k | - |
| Trade debts44 | €7k | €2k | €4k | €30k | €23k | ▼ 22.3% |
| Suppliers440/4 | €7k | €2k | €4k | €30k | €23k | ▼ 22.3% |
| Taxes, remuneration and social security45 | €15k | €15k | €32k | €35k | €51k | ▲ 46.6% |
| Taxes450/3 | €15k | €15k | €32k | €35k | €51k | ▲ 46.6% |
| Remuneration and social security454/9 | - | - | €125 | €0 | - | - |
| Other amounts payable47/48 | €73k | €114k | €83k | €72k | €12k | ▼ 82.9% |
| Accrued charges and deferred income492/3 | €17 | €20 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €11k | €44k | €31k | €83k | ▲ 167% |
| + Depreciation and write-downs630 | €13k | €16k | €35k | €21k | €21k | ▲ 1.1% |
| Operating cash flow (approximation) | €41k | €26k | €80k | €52k | €104k | ▲ 100% |
| Investment in fixed assets (approximation) | - | €-156k | €-57k | €0 | €-5k | - |
| Change in cash | - | €-105k | €2k | €-5k | €-1k | ▲ 69.2% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Highest result since 2018net €83k ▲167%
Net result €83k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Equity above €200kEq €208k ▲27.2%
4 profitable years in a row build equity to €208k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €150kEq €153k ▲21.5%
2 profitable years in a row build equity to €153k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Verviers · 1 establishment unit since 2008
Ground area
360 m²
Building footprint
118 m²
Volume, LiDAR
1,111 m³
Parcel 63572C0168/00F018, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ORTIMA
since 20082.174.896.485
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63572C0168/00F018 | Wallonia | 360 m² | 1 · 118 m² | 12.2 m · 3 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.
Similar companies · same sector, comparable size
QUENTHOM
BE 0463.399.088
Saint-Ghislain · Eq €322,764
M²DG
BE 0899.343.220
Wavre · Eq €322,829
UNIPROJECT
BE 0536.429.893
Kortrijk · Eq €322,842
IMMO JBCF
BE 0627.988.490
Gembloux · Eq €322,528
Anthony VAN PUTTE
BE 0887.242.766
Pont-à-Celles · Eq €322,950
Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,834 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
Founded21-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.