ORZEL

Active

Public limited companyfounded 198540 yrs activeAvenue Léopold III(PER) 297, 7134 Binche, BelgiumKBO/BCE: BE 0427.980.133

ORZEL has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-28k) and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Watch Print / PDF

Checked score

Score 2024

56 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability72▼-3

Solvency2▲+2

Growth32=

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.35 against 1.07 in 2023; short-term debt: 67.9% and cash: 19.9% of total assets), and equity is negative.

How do we compute the score and the probability?

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

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-22.7%

Return on assets

2.4%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 5989 sector peers (2024).

NBB · sector comparison

Position among 5989 sector peers

Solvency

better than 5%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

8 d early

2023

44 d early

2022

31 d late

2021

5 d early

2020

37 d early

2019

30 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€3k▼ 43.8%

2023 · €5k

2018: €36k 2019: €-84k 2020: €-24k 2021: €-36k 2022: €-37k 2023: €5k

2018 → 2024

Working capital

€29k▲ 384%

2023 · €6k

2018: €102k 2019: €22k 2020: €19k 2021: €-16k 2022: €-48k 2023: €6k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€37k-€906▼ 97.5%€-36k€-31k▲ 14.5%€-28k▲ 9.5%

Operating result€-23k-€-34k▼ 46.0%€-34k▼ 0.3%€9k€5k▼ 41.4%

Net result€-24k-€-36k▼ 47.2%€-37k▼ 2.2%€5k€3k▼ 43.8%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 41% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €122k

91.8%

Fixed assets €10k▼ 41.1%

Current assets €112k▲ 19.3%

Key figures and ratios

2024 value · change against 2023

EBITDA

€12k▼

2023 · €14k

Cash flow

€10k▲

2023 · €10k

Solvency

-22.7%▲

2023 · -27.6%

Current ratio

1.35▲

2023 · 1.07

Quick ratio

1.02▲

2023 · 0.77

Debt / equity

-5.41▼

2023 · -4.62

ROA

2.4%▼

2023 · 4.7%

Interest coverage

12.76▲

2023 · 12.45

Debt

€150k▲

2023 · €142k

Debt ≤ 1 year

€83k▼

2023 · €88k

Debt > 1 year

€67k▲

2023 · €54k

Income taxes

€373

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€111k€122k▲

Fixed assets21/28€17k€10k▼

Tangible fixed assets22/27€17k€10k▼

Land and buildings22€14k€9k▼

Plant, machinery and equipment23€2k€277▼

Furniture and vehicles24€2k€901▼

Current assets29/58€94k€112k▲

Stocks and contracts in progress3€26k€28k▲

Stocks30/36€26k€28k▲

Amounts receivable within one year40/41€42k€58k▲

Trade receivables40€42k€58k▲

Cash at bank and in hand54/58€23k€24k▲

Deferred charges and accrued income490/1€3k€2k▼

Equity and liabilities

Total equity and liabilities10/49€111k€122k▲

Equity10/15€-31k€-28k▲

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€26k€26k=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Tax-exempt reserves132€17k€17k=

Distributable reserves133€4k€4k=

Profit (loss) carried forward14€-119k€-116k▲

Amounts payable17/49€142k€150k▲

Amounts payable after more than one year17€54k€67k▲

Financial debts170/4€54k€67k▲

Amounts payable within one year42/48€88k€83k▼

Trade debts44€71k€66k▼

Suppliers440/4€71k€66k▼

Taxes, remuneration and social security45€17k€17k▲

Taxes450/3€17k€17k▲

Remuneration and social security454/9€103€203▲

Income statement Code20232024

Non-recurring operating income76A-€15k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲

Other operating charges640/8€1k€1k▼

Gross operating margin9900€15k€13k▼

Operating profit (loss)9901€9k€5k▼

Financial income75/76B€40€143▲

Recurring financial income75€40€143▲

Financial charges65/66B€4k€2k▼

Recurring financial charges65€1k€971▼

Non-recurring financial charges66B€3k€1k▼

Profit (loss) for the period before taxes9903€5k€3k▼

Income taxes67/77-€373

Profit (loss) for the period9904€5k€3k▼

Profit (loss) for the period to be appropriated9905€5k€3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-119k€-116k▲

Profit (loss) brought forward from the previous period14P€-124k€-119k▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

23-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

17-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Back to profitnet €5k

Net result €5k after 4 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

26-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

24-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

01-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Weakest financial yearnet €-84k ▼334%

Net result drops to €-84k, the lowest in the series; recovery starts the following year.

01-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

02-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

26-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

30-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Binche · 1 establishment unit since 2002

establishment The establishment unit on the map

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.

Avenue Léopold III(PER) 2977134 Binche

Ground area

1,023 m²

Building footprint

175 m²

Volume, LiDAR

743 m³

Parcel 55032C0002/00D002, Wallonia · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Avenue Léopold III(PER) 297, 7134 Binche

NACE 5030101

since 20022.111.231.229

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55032C0002/00D002	Wallonia	1,023 m²	1 · 175 m²	5.7 m · 1 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

AMERICAN CHOPPERS - JACK

BE 0879.570.660

Sint-Pieters-Leeuw · Eq €1k

STALL-ION

BE 0794.568.174

Hamont-Achel · Eq €1k

Twins Gold International

Of 1,746 companies in sector 46720 we hold annual accounts for 1,084. 44 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded19-11-1985

Fiscal year end31-12

Activities, NACEBEL

45310

46720Wholesale of motor vehicle parts and accessories

50301

Sources

Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.