Parent and group
- OSG EUROPE99.99%
OSG DAVID GRINDING SERVICES
ActiveSummary
OSG DAVID GRINDING SERVICES has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €341,345. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 63% of 1,240 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 10-10-1983 Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipment NACE 25999and 1 other
- Joint committee
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 30-11-2025
- Establishment unit
- 2.023.171.956 8520 Kuurne, since 10-10-1983
- Financial year end
- 30 November
- Peppol
- Reachable since 20-11-2020
Board and ownership
Board
- HIDEAKI OSAWADirector
- VANHOOREWEDER LUCDirector
Shareholders
- OSG BeLux100%· score 9630-11-2025 annual accounts of OSG BeLux
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts to 30-11-2025
- Gross margin
- €2.2m
- ▲ 5.1%
- Turnover
- ≈ €3.8m
- estimated
- Profit
- €341,345
- ▼ 6.3%
- Equity
- €2.2m
- ▲ 11.2%
- Total assets
- €3.9m
- ▲ 7.2%
- Employees on 30-11-2025
- 21
- ▲ 16.7%
Filed on 21-05-2026, 40 days before the deadline
Score breakdownraises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskFounded in 1983Equity €2.2m (56.8% of total assets)Figures for financial year 2025 (filed on 21-05-2026)Show the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 62% of small companies in fabricated metal products (NACE 25)
Financial strength · tick: 2024
Strong
Solvency
82+2
equity 56.8% of total assets
Liquidity
39-5
short-term debt 39.7% · cash 5.7%
Profitability
80-1
return on assets 8.8%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.3%▲ +0.1 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025highest value
06-2025: 0.1%▼ -0.2 percentage points vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.7 (0.82 in 2024), below 1. Short-term debt is 39.7% and cash 5.7% of total assets. 43.2% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small). It does better than 67% of them on solvency, 37% on liquidity, 75% on profitability and 69% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 21-05-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 days early
2024
42 days early
2023
31 days early
2022
46 days early
2021
44 days early
2020
30 days early
2019
26 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. The company usually files around 19 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today30-11-2026 year end30-06-2027 deadline
Key points
Recent changes
- · Gazette deed Amendment of the articles · Legal-form change · Resignations & appointments
Companies linked to OSG DAVID GRINDING SERVICES
Comparable companies
These companies have the same main activity as OSG DAVID GRINDING SERVICES: manufacture of fabricated metal products, except machinery and equipment (NACE 25999). They are comparable in size and age: total assets between €3.2m and €5.4m, founded between 1982 and 1992.
| Company | Total assets | Gross margin |
|---|---|---|
| OSG DAVID GRINDING SERVICES Kuurne | €3.9m | €2.2m |
| VENDURO Lokeren | €3.2m | €2.0m |
| ATEC Assenede | €5.4m | €2.0m |
| JIDE Herve | €5.3m | €2.2m |
| DERMUL Lokeren | €3.4m | €1.4m |
| DE KIMPE Kruisem | €3.5m | €1.2m |
| ALMASY Hoogstraten | €3.7m | €2.0m |
Key facts about OSG DAVID GRINDING SERVICES
- What is the company number of OSG DAVID GRINDING SERVICES?
- The company number of OSG DAVID GRINDING SERVICES is 0424.653.132. The VAT number is the same number with BE in front: BE 0424.653.132.
- Where is OSG DAVID GRINDING SERVICES based?
- The registered office is at Heirweg 82, 8520 Kuurne.Company details
- What does OSG DAVID GRINDING SERVICES do?
- According to the KBO register, the main activity is manufacture of fabricated metal products, except machinery and equipment (NACE 25999).
- What is the legal form of OSG DAVID GRINDING SERVICES?
- The legal form of OSG DAVID GRINDING SERVICES is Private limited company (BV).
- When was OSG DAVID GRINDING SERVICES founded?
- OSG DAVID GRINDING SERVICES was founded on 10-10-1983.
- Is OSG DAVID GRINDING SERVICES still active?
- Yes, OSG DAVID GRINDING SERVICES is an active enterprise in the KBO register.
- How many employees does OSG DAVID GRINDING SERVICES have?
- OSG DAVID GRINDING SERVICES had an average of 19.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does OSG DAVID GRINDING SERVICES fall under?
- In its 30-11-2025 annual accounts, OSG DAVID GRINDING SERVICES states joint committee 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
- What is the turnover of OSG DAVID GRINDING SERVICES?
- The turnover in financial year 2025 is ≈ €3.8m. This figure is estimated from the gross margin of €2.2m and 1,584 comparable companies of the same size. It probably lies between €2.6m and €6.2m. It is a rough estimate.
- Is OSG DAVID GRINDING SERVICES profitable?
- In financial year 2025, OSG DAVID GRINDING SERVICES made a profit of €341,345.
- Where can I find the annual accounts of OSG DAVID GRINDING SERVICES?
- OSG DAVID GRINDING SERVICES filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of OSG DAVID GRINDING SERVICES due?
- OSG DAVID GRINDING SERVICES must file the annual accounts for financial year 2026 by 30-06-2027.Timeline
Next steps
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