ORTMANS
ActiveORTMANS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.67M and a net result of €106k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▲+8
Solvency65▲+4
Growth82▲+4
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.77 in 2024), and 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
45.1%
Return on assets
1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-07-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
29 d late
2023
41 d late
2022
66 d late
2021
17 d late
2020
26 d early
2019
6 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€10.64M▲ 17.4%
2024 · €9.06M
2024: €9.06M
2024 → 2025
EBIT margin
2.9%▲ 1.2pp
2024 · 1.7%
2024: 1.7%
2024 → 2025
Net result
€106k
2024 · €-43k
2018: €-682k
2019: €-282k
2020: €15k
2021: €157k
2022: €-1.24M
2023: €37k
2024: €-43k
2018 → 2025
Working capital
€-545k▲ 47.9%
2024 · €-1.05M
2018: €510k
2019: €221k
2020: €320k
2021: €1.47M
2022: €-677k
2023: €-190k
2024: €-1.05M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.06M€10.64M▲ 17.4%
Equity€1.96M-€4.56M▲ 133%€4.60M▲ 0.7%€4.56M▼ 0.7%€4.67M▲ 2.2%
Operating result€201k-€-1.14M€196k€156k▼ 20.3%€307k▲ 96.1%
Net result€157k-€-1.24M€37k€-43k€106k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 96% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.90M
Fixed assets
€6.09M▼ 3.6%
Current assets
€3.81M▲ 8.0%
Equity and liabilities €10.34M
Equity
€4.67M▲ 2.2%
Provisions
€32k=
Debt
€5.64M▼ 2.0%
The debt ratio falls from 55.6% to 54.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€785k▲
2024 · €570k
Cash flow
€585k▲
2024 · €371k
Solvency
45.1%▲
2024 · 44.1%
Current ratio
0.87▲
2024 · 0.77
Quick ratio
0.45▲
2024 · 0.42
Debt / equity
1.21▼
2024 · 1.26
ROE
2.3%▲
2024 · -0.9%
ROA
1.0%▲
2024 · -0.4%
Interest coverage
5.88▲
2024 · 2.67
Debt
€5.64M▼
2024 · €5.76M
Debt ≤ 1 year
€4.36M▼
2024 · €4.58M
Debt > 1 year
€1.29M▲
2024 · €1.19M
Income taxes
€7k▲
2024 · €79
Staff costs
€3.57M▲
2024 · €3.56M
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€10.36M€10.34M▼
Formation expenses20€512k€442k▼
Fixed assets21/28€6.32M€6.09M▼
Intangible fixed assets21€395k€270k▼
Tangible fixed assets22/27€5.92M€5.81M▼
Land and buildings22€4.97M€5.00M▲
Plant, machinery and equipment23€757k€702k▼
Furniture and vehicles24€191k€117k▼
Assets under construction and advance payments27-€0
Financial fixed assets28€3k€3k=
Other financial fixed assets284/8-€3k
Shares284-€3k
Current assets29/58€3.53M€3.81M▲
Stocks and contracts in progress3€1.62M€1.87M▲
Stocks30/36€1.62M€1.87M▲
Raw materials and consumables30/31-€1.44M
Work in progress32-€426k
Amounts receivable within one year40/41€1.72M€1.67M▼
Trade receivables40€1.61M€1.65M▲
Other amounts receivable41€108k€27k▼
Current investments50/53€1k€1k▼
Other investments51/53-€1k
Cash at bank and in hand54/58€140k€225k▲
Deferred charges and accrued income490/1€48k€44k▼
Equity and liabilities
Total equity and liabilities10/49€10.36M€10.34M▼
Equity10/15€4.56M€4.67M▲
Contributions10/11€983k€983k=
Capital10€983k€983k=
Issued capital100€983k€983k=
Revaluation surpluses12€3.85M€3.85M=
Reserves13€2.73M€2.73M=
Non-distributable reserves130/1€98k€98k=
Legal reserve130€98k€98k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€2.63M€2.63M=
Profit (loss) carried forward14€-3.11M€-3.00M▲
Investment grants15€111k€107k▼
Provisions and deferred taxes16€32k€32k=
Deferred taxes168€32k€32k=
Amounts payable17/49€5.76M€5.64M▼
Amounts payable after more than one year17€1.19M€1.29M▲
Financial debts170/4€1.19M€1.29M▲
Credit institutions173-€537k
Other loans174-€749k
Amounts payable within one year42/48€4.58M€4.36M▼
Current portion of amounts payable after more than one year42€556k€517k▼
Financial debts43€2.00M€1.71M▼
Credit institutions430/8€1.85M€1.60M▼
Other loans439€150k€113k▼
Trade debts44€1.44M€1.33M▼
Suppliers440/4€1.44M€1.33M▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€567k€582k▲
Taxes450/3€85k€86k▲
Remuneration and social security454/9€482k€496k▲
Other amounts payable47/48€10k€213k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Operating income70/76A-€11.18M
Turnover70€9.06M€10.64M▲
Change in stocks of work in progress, finished goods and contracts in progress71-€358k
Other operating income74-€184k
Operating charges60/66A-€10.87M
Goods, raw materials, services and sundry goods60/61€5.13M-
Goods for resale, raw materials and consumables60-€5.60M
Purchases600/8-€5.49M
Change in stocks: decrease (increase)609-€108k
Services and other goods61-€1.14M
Remuneration, social security and pensions62€3.56M€3.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€413k€479k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€89k€90k▲
Gross operating margin9900€4.22M-
Operating profit (loss)9901€156k€307k▲
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€7k▲
Income from current assets751-€15
Other financial income752/9-€7k
Financial charges65/66B€213k€200k▼
Recurring financial charges65€213k€200k▼
Debt charges650-€133k
Other financial charges652/9-€66k
Profit (loss) for the period before taxes9903€-52k€113k▲
Transfer from deferred taxes780€10k-
Income taxes67/77€79€7k▲
Taxes670/3-€7k
Profit (loss) for the period9904€-43k€106k▲
Profit (loss) for the period to be appropriated9905€-43k€106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.11M€-3.00M▲
Profit (loss) brought forward from the previous period14P€-3.06M€-3.11M▼
Social balance
Average headcount (FTE)908755.255.2=
The notes to these accounts (73 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
2026
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 41 days late
2023
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet €-1.24M ▼891%
Net result drops to €-1.24M, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2MEq €4.56M ▲133%
Equity rises from €1.96M to €4.56M.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Highest result since 2018net €157k ▲919%
Net result €157k, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Thimister-Clermont · 1 establishment unit since 1990
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.
Bois la Dame 24890 Thimister-ClermontGround area
2.1 ha
Parcel 63017C0678/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Bois la Dame 2, 4890 Thimister-Clermont
since 19902.047.931.997
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63017C0678/00C000 | Wallonia | 2.1 ha | - | - |
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
POOL COVER SYSTEMS
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METAALWERKEN DE ROOS
BE 0447.039.940
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VERCA PROCESTECHNIEK
BE 0634.915.973
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METAALWERKEN DE COCK
BE 0442.561.807
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,132. 672 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-03-1990
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25220Manufacture of fabricated metal products, except machinery and equipment
28110
28210
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.