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Orvy

Active
Private limited companyfounded 20233 yrs activeHendrik Dewildestraat(Bis) 28, 8501 Kortrijk, BelgiumKBO/BCE: BE 0797.757.395
Summary

The computed 12-month bankruptcy probability of Orvy is 3.5% (moderate). The 2025 annual accounts show equity of €36,430 and a net result of €18,146. Equity is growing by ~55.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 4695 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability91▲+32
Solvency60▲+12
Growth52=
Track record94
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.19 in 2024; short-term debt: 35.3% of total assets), but 64.6% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-12-2025, 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 · 3 filings
Deviation from the deadline
2025
56 d late
2024
67 d late
2023
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 50 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Orvy was incorporated on 30 January 2023 as a Private limited company.1 Total assets rose from EUR 57,660 in 2023 to EUR 102,869 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€36,430▲ 99.2%
2024 · €18,284
Total assets
€102,869▲ 32.0%
2024 · €77,906
Net result
€18,146▲ 814%
2024 · €1,986
Working capital
€40,956▲ 4.4%
2024 · €39,220
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€32,918-€3,177▼ 90.3%€23,066▲ 626%
Net result€29,298above the sector's middle half-€1,986within the sector's middle half▼ 93.2%€18,146within the sector's middle half▲ 814%
Equity€16,298within the sector's middle half-€18,284within the sector's middle half▲ 12.2%€36,430within the sector's middle half▲ 99.2%
Total assets€57,660within the sector's middle half-€77,906within the sector's middle half▲ 35.1%€102,869within the sector's middle half▲ 32.0%
Debt€41,362-€59,622▲ 44.1%€66,438▲ 11.4%
Working capital€13,276-€39,220▲ 195%€40,956▲ 4.4%
Solvency28.3%within the sector's middle half-23.5%within the sector's middle half▼ 4.8pp35.4%within the sector's middle half▲ 11.9pp
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2023: €32,918€32,918Net result 2023: €29,298€29,298Operating result 2024: €3,177€3,177Net result 2024: €1,986€1,986Operating result 2025: €23,066€23,066Net result 2025: €18,146€18,146202320242025€0€10,000€20,000€30,000Operating result 2023: €32,918€32,900Net result 2023: €29,298€29,300Operating result 2024: €3,177€3,180Net result 2024: €1,986€1,990Operating result 2025: €23,066€23,100Net result 2025: €18,146€18,100202320242025
The operating result recovers in 2025; 2025 is 626% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,537
Fixed assets €24,279 ▲ 513%
Current assets €77,258 ▲ 7.1%
Equity and liabilities €102,869
Equity €36,430 ▲ 99.2%
Debt €66,438 ▲ 11.4%
Debt's share of the balance-sheet total falls from 76.5% to 64.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€25,981▲
2024 · €4,297
Cash flow
€21,062▲
2024 · €3,106
Current ratio
2.13▼
2024 · 2.19
Debt to equity
1.82▼
2024 · 3.26
ROE
49.8%▲
2024 · 10.9%
ROA
17.6%▲
2024 · 2.5%
Interest coverage
11.87▲
2024 · 4.44
Debt ≤ 1 year
€36,302▲
2024 · €32,933
Debt > 1 year
€29,708▲
2024 · €26,293
Income taxes
€5,803▲
2024 · €1,488
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 39,275 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€77,906€102,869▲
Formation expenses20€1,793€1,332▼
Fixed assets21/28€3,960€24,279▲
Tangible fixed assets22/27€3,960€24,279▲
Plant, machinery and equipment23€359-
Furniture and vehicles24€3,601€24,279▲
Current assets29/58€72,153€77,258▲
Amounts receivable within one year40/41€49,684€75,806▲
Trade receivables40€7,834€17,879▲
Other amounts receivable41€41,850€57,927▲
Cash at bank and in hand54/58€21,868-
Deferred charges and accrued income490/1€601€1,452▲
Equity and liabilities
Total equity and liabilities10/49€77,906€102,869▲
Equity10/15€18,284€36,430▲
Contributions10/11€2,000€2,000=
Reserves13€1,986€1,986=
Distributable reserves133€1,986€1,986=
Profit (loss) carried forward14€14,298€32,444▲
Amounts payable17/49€59,622€66,438▲
Amounts payable after more than one year17€26,293€29,708▲
Financial debts170/4€26,293€29,708▲
Amounts payable within one year42/48€32,933€36,302▲
Current portion of amounts payable after more than one year42€9,869€14,965▲
Financial debts43-€3,956
Credit institutions430/8-€3,956
Trade debts44€14,456€10,593▼
Suppliers440/4€14,456€10,593▼
Advances received on contracts in progress46€200-
Taxes, remuneration and social security45€4,408€6,788▲
Taxes450/3€3,258€6,788▲
Remuneration and social security454/9€1,150-
Other amounts payable47/48€4,000-
Accrued charges and deferred income492/3€396€428▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,120€2,916▲
Other operating charges640/8€1,029€2,074▲
Gross operating margin9900€5,326€28,056▲
Operating profit (loss)9901€3,177€23,066▲
Financial income75/76B€1,265€3,072▲
Recurring financial income75€1,265€3,072▲
Financial charges65/66B€968€2,189▲
Recurring financial charges65€968€2,189▲
Profit (loss) for the period before taxes9903€3,473€23,949▲
Income taxes67/77€1,488€5,803▲
Profit (loss) for the period9904€1,986€18,146▲
Profit (loss) for the period to be appropriated9905€1,986€18,146▲
Appropriation of the result
Profit (loss) to be appropriated9906€16,284€32,444▲
Profit (loss) brought forward from the previous period14P€14,298€14,298=
Transfer to equity691/2€1,986-
To other reserves6921€1,986-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€154€1,120€2,916▲ 160%
Other operating charges640/8-€1,029€2,074▲ 102%
Gross operating margin9900€33,072€5,326€28,056▲ 427%
Operating profit (loss)9901€32,918€3,177€23,066▲ 626%
Financial income75/76B€32€1,265€3,072▲ 143%
Recurring financial income75€32€1,265€3,072▲ 143%
Financial charges65/66B-€968€2,189▲ 126%
Recurring financial charges65-€968€2,189▲ 126%
Profit (loss) for the period before taxes9903€32,950€3,473€23,949▲ 589%
Income taxes67/77€3,652€1,488€5,803▲ 290%
Profit (loss) for the period9904€29,298€1,986€18,146▲ 814%
Profit (loss) for the period to be appropriated9905€29,298€1,986€18,146▲ 814%
Line202320242025Change
Assets
Total assets20/58€57,660€77,906€102,869▲ 32.0%
Formation expenses20€2,255€1,793€1,332▼ 25.7%
Fixed assets21/28€1,118€3,960€24,279▲ 513%
Tangible fixed assets22/27€1,118€3,960€24,279▲ 513%
Plant, machinery and equipment23€789€359--
Furniture and vehicles24€328€3,601€24,279▲ 574%
Current assets29/58€54,287€72,153€77,258▲ 7.1%
Amounts receivable within one year40/41€51,914€49,684€75,806▲ 52.6%
Trade receivables40€48,911€7,834€17,879▲ 128%
Other amounts receivable41€3,003€41,850€57,927▲ 38.4%
Cash at bank and in hand54/58€2,000€21,868--
Deferred charges and accrued income490/1€373€601€1,452▲ 142%
Equity and liabilities
Total equity and liabilities10/49€57,660€77,906€102,869▲ 32.0%
Equity10/15€16,298€18,284€36,430▲ 99.2%
Contributions10/11€2,000€2,000€2,000=
Reserves13-€1,986€1,986=
Distributable reserves133-€1,986€1,986=
Profit (loss) carried forward14€14,298€14,298€32,444▲ 127%
Amounts payable17/49€41,362€59,622€66,438▲ 11.4%
Amounts payable after more than one year17-€26,293€29,708▲ 13.0%
Financial debts170/4-€26,293€29,708▲ 13.0%
Amounts payable within one year42/48€41,011€32,933€36,302▲ 10.2%
Current portion of amounts payable after more than one year42-€9,869€14,965▲ 51.6%
Financial debts43--€3,956-
Credit institutions430/8--€3,956-
Trade debts44€21,534€14,456€10,593▼ 26.7%
Suppliers440/4€21,534€14,456€10,593▼ 26.7%
Advances received on contracts in progress46-€200--
Taxes, remuneration and social security45€4,478€4,408€6,788▲ 54.0%
Taxes450/3€4,478€3,258€6,788▲ 108%
Remuneration and social security454/9-€1,150--
Other amounts payable47/48€15,000€4,000--
Accrued charges and deferred income492/3€350€396€428▲ 8.2%
Line202320242025Change
Profit (loss) for the period9904€29,298€1,986€18,146▲ 814%
+ Depreciation and write-downs630€154€1,120€2,916▲ 160%
Operating cash flow (approximation)€29,452€3,106€21,062▲ 578%
Investment in fixed assets (approximation)--€3,962-€23,235▼ 486%
Change in cash-€19,868--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
26-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 56 days late
06-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-03
Financial Weakest financial yearnet €1,986 ▼93.2%
Net result drops to €1,986, the lowest in the series; recovery starts the following year.
2023
27-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Kortrijk · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
451 m²
Building footprint
215 m²
Volume, LiDAR
609 m³
Parcel 34007B0074/00N000, Flanders · tallest building 4.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hendrik Dewildestraat(Bis) 28, 8501 Kortrijk
Freight transport by road
since 20232.343.718.453
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34007B0074/00N000 Flanders 451 m² 1 · 215 m² 4.2 m · 1 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.

Recognitions · licences · registrations

Parcel delivery

Notified to the BIPT
since 25-07-2024

Similar companies · same sector, comparable size

Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,733 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
Founded30-01-2023
Fiscal year end31-03
Activities, NACEBEL 2025
49410Freight transport by road
Contact
E-mail ocars.belgium@gmail.com
Phone +32 485 72 90 24
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797757395
Also 9925:BE0797757395

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.