ORYZON
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 04-06-2026 PDF all 7 filings
Equity
€2,161▼ 79.5%
2024 · €10,553
Total assets
€22,338▼ 59.9%
2024 · €55,660
Net result
-€8,392▲ 55.6%
2024 · -€18,898
Working capital
-€800
2024 · €1,944
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€7,983
▲ 57.0%
2025
20192025
Net result
-€8,392
▲ 55.6%
2025
lowest quarter of the sector
20192025
Equity
€2,161
▼ 79.5%
2025
lowest quarter of the sector
20192025
Total assets
€22,338
▼ 59.9%
2025
lowest quarter of the sector
20192025
Debt
€20,177
▼ 55.3%
2025
20192025
Working capital
-€800
2025
lowest quarter of the sector
20192025
Solvency
9.7%
▼ 9.3pp
2025
lowest quarter of the sector
20192025
Current ratio
0.96
▼ 0.08
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-37.6%
▼ 3.6pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€6,879--€8,565▼ 24.5%-€5,398▲ 37.0%€28,300€16,802▼ 40.6%-€18,570-€7,983▲ 57.0%
Net result-€6,911--€9,584below the sector's middle half▼ 38.7%-€6,122below the sector's middle half▲ 36.1%€26,903within the sector's middle half€11,885within the sector's middle half▼ 55.8%-€18,898below the sector's middle half-€8,392below the sector's middle half▲ 55.6%
Equity€6,369--€3,216below the sector's middle half-€9,338below the sector's middle half▼ 190%€17,565below the sector's middle half€29,450within the sector's middle half▲ 67.7%€10,553below the sector's middle half▼ 64.2%€2,161below the sector's middle half▼ 79.5%
Total assets€10,424-€5,627below the sector's middle half▼ 46.0%€4,965below the sector's middle half▼ 11.8%€41,384below the sector's middle half▲ 733%€63,888within the sector's middle half▲ 54.4%€55,660below the sector's middle half▼ 12.9%€22,338below the sector's middle half▼ 59.9%
Debt€4,055-€8,843▲ 118%€14,304▲ 61.7%€23,819▲ 66.5%€34,438▲ 44.6%€45,108▲ 31.0%€20,177▼ 55.3%
Working capital€1,104--€6,260below the sector's middle half-€10,698below the sector's middle half▼ 70.9%€16,238within the sector's middle half€19,287within the sector's middle half▲ 18.8%€1,944within the sector's middle half▼ 89.9%-€800below the sector's middle half
Solvency61.1%--57.1%below the sector's middle half▼ 118.2pp42.4%within the sector's middle half46.1%within the sector's middle half▲ 3.7pp19.0%below the sector's middle half▼ 27.1pp9.7%below the sector's middle half▼ 9.3pp
Current ratio1.27-0.29below the sector's middle half▼ 0.981.68within the sector's middle half1.56within the sector's middle half▼ 0.121.04below the sector's middle half▼ 0.520.96below the sector's middle half▼ 0.08
Return on assets (ROA)-66.3%--170.3%below the sector's middle half▼ 104.0pp65.0%above the sector's middle half18.6%within the sector's middle half▼ 46.4pp-34.0%below the sector's middle half▼ 52.6pp-37.6%below the sector's middle half▼ 3.6pp
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €7,983, smaller than the loss of €18,570 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22,338
Fixed assets
€2,961 ▼ 65.6%
Current assets
€19,377 ▼ 58.8%
Equity and liabilities €22,338
Equity
€2,161 ▼ 79.5%
Debt
€20,177 ▼ 55.3%
Debt's share of the balance-sheet total rises from 81.0% to 90.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,336▲
2024 · -€14,177
Cash flow
-€3,744▲
2024 · -€14,504
Debt to equity
9.34▲
2024 · 4.27
ROE
-388.3%▼
2024 · -179.1%
Interest coverage
-7.94▲
2024 · -39.75
Debt ≤ 1 year
€20,177▼
2024 · €45,108
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,090 | €733 | €10,533 | €2,838 | - |
| Financial fixed assets | - | - | €1,000 | - | - |
| Depreciation and write-downs of the year | €2,778 | €766 | €2,696 | €4,393 | €4,647 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,646 | €3,264 | €2,778 | €766 | €2,696 | €4,393 | €4,647 | ▲ 5.8% |
| Other operating charges640/8 | - | - | €691 | €348 | €428 | €46 | €63 | ▲ 37.9% |
| Gross operating margin9900 | -€1,537 | -€4,953 | -€1,930 | €29,413 | €19,927 | -€14,131 | -€3,273 | ▲ 76.8% |
| Operating profit (loss)9901 | -€6,879 | -€8,565 | -€5,398 | €28,300 | €16,802 | -€18,570 | -€7,983 | ▲ 57.0% |
| Financial income75/76B | - | - | €12 | €0 | €15 | €29 | €12 | ▼ 59.5% |
| Recurring financial income75 | €0 | €1 | €12 | €0 | €15 | €29 | €12 | ▼ 59.5% |
| Financial charges65/66B | - | - | €736 | €217 | €149 | €357 | €420 | ▲ 17.8% |
| Recurring financial charges65 | €33 | €1,020 | €736 | €217 | €149 | €357 | €420 | ▲ 17.8% |
| Profit (loss) for the period before taxes9903 | -€6,911 | -€9,584 | -€6,122 | €28,083 | €16,669 | -€18,898 | -€8,392 | ▲ 55.6% |
| Income taxes67/77 | - | - | - | €1,180 | €4,784 | - | - | - |
| Profit (loss) for the period9904 | -€6,911 | -€9,584 | -€6,122 | €26,903 | €11,885 | -€18,898 | -€8,392 | ▲ 55.6% |
| Profit (loss) for the period to be appropriated9905 | -€6,911 | -€9,584 | -€6,122 | €26,903 | €11,885 | -€18,898 | -€8,392 | ▲ 55.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €10,424 | €5,627 | €4,965 | €41,384 | €63,888 | €55,660 | €22,338 | ▼ 59.9% |
| Fixed assets21/28 | €5,266 | €3,047 | €1,360 | €1,327 | €10,163 | €8,609 | €2,961 | ▼ 65.6% |
| Tangible fixed assets22/27 | €5,266 | €3,047 | €1,360 | €1,327 | €9,163 | €7,609 | €2,961 | ▼ 61.1% |
| Plant, machinery and equipment23 | - | - | €918 | €1,233 | €5,699 | €2,940 | €426 | ▼ 85.5% |
| Furniture and vehicles24 | - | - | €442 | €93 | €3,465 | €4,669 | €2,535 | ▼ 45.7% |
| Financial fixed assets28 | - | - | - | - | €1,000 | €1,000 | - | - |
| Current assets29/58 | €5,158 | €2,580 | €3,606 | €40,057 | €53,725 | €47,052 | €19,377 | ▼ 58.8% |
| Amounts receivable within one year40/41 | €942 | €1,068 | €3,333 | €3,509 | €46,364 | €45,125 | €3,909 | ▼ 91.3% |
| Trade receivables40 | - | - | €2,538 | €3,509 | €46,364 | €45,125 | €3,909 | ▼ 91.3% |
| Other amounts receivable41 | - | - | €796 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,842 | €192 | €176 | €34,543 | €7,361 | €1,343 | €13,945 | ▲ 938% |
| Deferred charges and accrued income490/1 | - | - | €96 | €2,005 | - | €584 | €1,523 | ▲ 161% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €10,424 | €5,627 | €4,965 | €41,384 | €63,888 | €55,660 | €22,338 | ▼ 59.9% |
| Equity10/15 | €6,369 | -€3,216 | -€9,338 | €17,565 | €29,450 | €10,553 | €2,161 | ▼ 79.5% |
| Contributions10/11 | €13,280 | - | €13,280 | €13,280 | €13,280 | €13,280 | €13,280 | = |
| Profit (loss) carried forward14 | -€6,911 | -€16,496 | -€22,618 | €4,285 | €16,170 | -€2,727 | -€11,119 | ▼ 308% |
| Amounts payable17/49 | €4,055 | €8,843 | €14,304 | €23,819 | €34,438 | €45,108 | €20,177 | ▼ 55.3% |
| Amounts payable within one year42/48 | €4,055 | €8,841 | €14,304 | €23,818 | €34,438 | €45,108 | €20,177 | ▼ 55.3% |
| Trade debts44 | €1,256 | €1,003 | €2,636 | €1,811 | €2,159 | €14,556 | €365 | ▼ 97.5% |
| Suppliers440/4 | - | - | €2,636 | €1,811 | €2,159 | €14,556 | €365 | ▼ 97.5% |
| Taxes, remuneration and social security45 | - | - | - | €6,860 | €16,453 | €9,864 | €3,874 | ▼ 60.7% |
| Taxes450/3 | - | - | - | €6,860 | €14,453 | €9,864 | €3,874 | ▼ 60.7% |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | - | - | - |
| Other amounts payable47/48 | - | - | €11,667 | €15,148 | €15,827 | €20,688 | €15,939 | ▼ 23.0% |
| Accrued charges and deferred income492/3 | - | - | €0 | €0 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,911 | -€9,584 | -€6,122 | €26,903 | €11,885 | -€18,898 | -€8,392 | ▲ 55.6% |
| + Depreciation and write-downs630 | €4,646 | €3,264 | €2,778 | €766 | €2,696 | €4,393 | €4,647 | ▲ 5.8% |
| Operating cash flow (approximation) | -€2,265 | -€6,320 | -€3,345 | €27,669 | €14,581 | -€14,504 | -€3,744 | ▲ 74.2% |
| Investment in fixed assets (approximation) | - | -€1,046 | -€1,090 | -€733 | -€11,533 | -€2,838 | €1,000 | - |
| Change in cash | - | -€2,650 | -€16 | €34,367 | -€27,182 | -€6,018 | €12,601 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 646 companies had the same profile as ORYZON has now. Two years later, 86.1% were still going and 7.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
86.1%
was still going
5.7%
stopped otherwise
7.3%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ORYZON itself is lower: 0.5% within 12 months. It rests on far more data about ORYZON than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 646 companies, not a prediction for ORYZON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00146709 | |
| 31-12-2024 | micro format | 04-09-2025 | 2025-00486763 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00457428 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00392268 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20330155 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59900172 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-46000436 |