OSIRIS
ActiveSummary
OSIRIS has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,286 and a net result of €7,449. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 5,676 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, micro format
2025 annual accounts filed late (10 days) Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00393947.
Equity
€61,286▲ 13.8%
2024 · €53,837
Total assets
€349,227▲ 60.7%
2024 · €217,378
Net result
€7,449▼ 88.3%
2024 · €63,778
Working capital
-€173,039▼ 187%
2024 · -€60,340
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 78% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€14,512
2025
Net result€7,449
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€349,227
2025
Equity€61,286
2025
Debt€287,942
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€173,039
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency17.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.06
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)10.6
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€2,494-€13,439▲ 439%-€12,367€14,023-€29,981€31,515€66,824▲ 112%€14,512▼ 78.3%
Net result€2,475-€13,463▲ 444%-€12,422below the sector's middle half€13,808within the sector's middle half-€30,057below the sector's middle half€31,655above the sector's middle half€63,778above the sector's middle half▲ 101%€7,449within the sector's middle half▼ 88.3%
Equity-€26,388--€12,925▲ 51.0%-€25,348below the sector's middle half▼ 96.1%-€11,540below the sector's middle half▲ 54.5%-€41,596below the sector's middle half▼ 260%-€9,942below the sector's middle half▲ 76.1%€53,837within the sector's middle half€61,286within the sector's middle half▲ 13.8%
Total assets€29,575-€38,223▲ 29.2%€28,660within the sector's middle half▼ 25.0%€56,569within the sector's middle half▲ 97.4%€35,079within the sector's middle half▼ 38.0%€64,484within the sector's middle half▲ 83.8%€217,378above the sector's middle half▲ 237%€349,227above the sector's middle half▲ 60.7%
Debt€55,963-€51,148▼ 8.6%€54,008▲ 5.6%€68,109▲ 26.1%€76,675▲ 12.6%€74,426▼ 2.9%€163,542▲ 120%€287,942▲ 76.1%
Working capital-€10,670--€35,632▼ 234%-€48,588below the sector's middle half▼ 36.4%-€35,692below the sector's middle half▲ 26.5%-€61,153below the sector's middle half▼ 71.3%-€22,040within the sector's middle half▲ 64.0%-€60,340below the sector's middle half▼ 174%-€173,039below the sector's middle half▼ 187%
Solvency-89.2%--33.8%▲ 55.4pp-88.4%below the sector's middle half▼ 54.6pp-20.4%below the sector's middle half▲ 68.0pp-118.6%below the sector's middle half▼ 98.2pp-15.4%within the sector's middle half▲ 103.2pp24.8%within the sector's middle half▲ 40.2pp17.5%within the sector's middle half▼ 7.2pp
Current ratio0.50-0.30▼ 0.190.10below the sector's middle half▼ 0.200.48within the sector's middle half▲ 0.380.20below the sector's middle half▼ 0.270.70within the sector's middle half▲ 0.500.46below the sector's middle half▼ 0.240.06below the sector's middle half▼ 0.40
Return on assets (ROA)8.4%-35.2%▲ 26.9pp-43.3%below the sector's middle half▼ 78.6pp24.4%above the sector's middle half▲ 67.8pp-85.7%below the sector's middle half▼ 110.1pp49.1%above the sector's middle half▲ 134.8pp29.3%above the sector's middle half▼ 19.7pp2.1%within the sector's middle half▼ 27.2pp
Staff (FTE)2.2-2.5▲ 13.6%2.9within the sector's middle half▲ 16.0%7.8▲ 169%8.3▲ 6.4%10.5▲ 26.5%10.6▲ 1.0%
above
within
below
the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €349,227
Fixed assets
€337,263 ▲ 103%
Current assets
€11,964 ▼ 76.8%
Equity and liabilities €349,227
Equity
€61,286 ▲ 13.8%
Debt
€287,942 ▲ 76.1%
Debt's share of the balance-sheet total rises from 75.2% to 82.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54,834▼
2024 · €88,427
Cash flow
€47,772▼
2024 · €85,382
Quick ratio
0.05▼
2024 · 0.43
Debt to equity
4.70▲
2024 · 3.04
ROE
12.2%▼
2024 · 118.5%
Interest coverage
7.74▼
2024 · 24.16
Debt ≤ 1 year
€185,003▲
2024 · €111,825
Debt > 1 year
€102,938▲
2024 · €51,717
Staff costs
€44,150▲
2024 · €31,915
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €70,509 | €90,838 | €61,372 | €31,915 | €44,150 | ▲ 38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,998 | €6,280 | €3,576 | €4,205 | €4,595 | €4,721 | €21,604 | €40,322 | ▲ 86.6% |
| Other operating charges640/8 | - | - | - | €758 | €1,619 | €948 | €919 | €1,006 | ▲ 9.5% |
| Gross operating margin9900 | €81,813 | €96,721 | €59,553 | €89,495 | €67,072 | €98,556 | €121,261 | €99,990 | ▼ 17.5% |
| Operating profit (loss)9901 | €2,494 | €13,439 | -€12,367 | €14,023 | -€29,981 | €31,515 | €66,824 | €14,512 | ▼ 78.3% |
| Financial income75/76B | - | - | - | €19 | €92 | €427 | €615 | €20 | ▼ 96.7% |
| Recurring financial income75 | €2 | €58 | €22 | €19 | €92 | €427 | €615 | €20 | ▼ 96.7% |
| Financial charges65/66B | - | - | - | €234 | €167 | €288 | €3,661 | €7,083 | ▲ 93.5% |
| Recurring financial charges65 | €21 | €34 | €77 | €234 | €167 | €288 | €3,661 | €7,083 | ▲ 93.5% |
| Profit (loss) for the period before taxes9903 | €2,475 | €13,463 | -€12,422 | €13,808 | -€30,057 | €31,655 | €63,778 | €7,449 | ▼ 88.3% |
| Profit (loss) for the period9904 | €2,475 | €13,463 | -€12,422 | €13,808 | -€30,057 | €31,655 | €63,778 | €7,449 | ▼ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €2,475 | €13,463 | -€12,422 | €13,808 | -€30,057 | €31,655 | €63,778 | €7,449 | ▼ 88.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €29,575 | €38,223 | €28,660 | €56,569 | €35,079 | €64,484 | €217,378 | €349,227 | ▲ 60.7% |
| Fixed assets21/28 | €19,067 | €22,707 | €23,241 | €24,152 | €19,557 | €12,098 | €165,893 | €337,263 | ▲ 103% |
| Tangible fixed assets22/27 | €15,067 | €18,707 | €19,241 | €20,152 | €15,557 | €12,098 | €165,893 | €337,263 | ▲ 103% |
| Land and buildings22 | - | - | - | €8,929 | €7,705 | €7,134 | €27,389 | €37,569 | ▲ 37.2% |
| Plant, machinery and equipment23 | - | - | - | €11,223 | €7,851 | €4,480 | €138,028 | €298,913 | ▲ 117% |
| Furniture and vehicles24 | - | - | - | - | - | €485 | €477 | €782 | ▲ 64.0% |
| Financial fixed assets28 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | €0 | - | - | - |
| Current assets29/58 | €10,508 | €15,516 | €5,420 | €32,417 | €15,522 | €52,386 | €51,485 | €11,964 | ▼ 76.8% |
| Stocks and contracts in progress3 | €4,332 | €4,340 | €2,647 | €5,438 | €4,623 | €3,963 | €3,887 | €3,486 | ▼ 10.3% |
| Stocks30/36 | - | - | - | €5,438 | €4,623 | €3,963 | €3,887 | €3,486 | ▼ 10.3% |
| Amounts receivable within one year40/41 | - | €3,783 | €0 | €3,299 | €0 | - | - | €2,500 | - |
| Other amounts receivable41 | - | - | - | €3,299 | €0 | - | - | €2,500 | - |
| Cash at bank and in hand54/58 | €5,989 | €7,206 | €2,749 | €23,680 | €10,873 | €48,394 | €47,566 | €5,945 | ▼ 87.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €26 | €29 | €32 | €32 | ▲ 1.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €29,575 | €38,223 | €28,660 | €56,569 | €35,079 | €64,484 | €217,378 | €349,227 | ▲ 60.7% |
| Equity10/15 | -€26,388 | -€12,925 | -€25,348 | -€11,540 | -€41,596 | -€9,942 | €53,837 | €61,286 | ▲ 13.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€46,848 | -€33,385 | -€45,808 | -€32,000 | -€62,056 | -€30,402 | €33,377 | €40,826 | ▲ 22.3% |
| Amounts payable17/49 | €55,963 | €51,148 | €54,008 | €68,109 | €76,675 | €74,426 | €163,542 | €287,942 | ▲ 76.1% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €51,717 | €102,938 | ▲ 99.0% |
| Financial debts170/4 | - | - | - | - | - | - | €51,717 | €102,938 | ▲ 99.0% |
| Amounts payable within one year42/48 | €21,178 | €51,148 | €54,008 | €68,109 | €76,675 | €74,426 | €111,825 | €185,003 | ▲ 65.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €15,103 | €43,664 | ▲ 189% |
| Trade debts44 | €15,799 | €19,823 | €13,296 | €18,167 | €16,612 | €21,536 | €16,524 | €59,428 | ▲ 260% |
| Suppliers440/4 | - | - | - | €18,167 | €16,612 | €21,536 | €16,524 | €59,428 | ▲ 260% |
| Advances received on contracts in progress46 | - | - | - | €3,040 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €5,013 | €14,641 | €9,561 | €8,922 | €20,080 | ▲ 125% |
| Taxes450/3 | - | - | - | €0 | €8,149 | €1,714 | €3,309 | €13,865 | ▲ 319% |
| Remuneration and social security454/9 | - | - | - | €5,013 | €6,493 | €7,846 | €5,613 | €6,215 | ▲ 10.7% |
| Other amounts payable47/48 | - | - | - | €41,888 | €45,422 | €43,330 | €71,276 | €61,832 | ▼ 13.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,475 | €13,463 | -€12,422 | €13,808 | -€30,057 | €31,655 | €63,778 | €7,449 | ▼ 88.3% |
| + Depreciation and write-downs630 | €5,998 | €6,280 | €3,576 | €4,205 | €4,595 | €4,721 | €21,604 | €40,322 | ▲ 86.6% |
| Operating cash flow (approximation) | €8,473 | €19,743 | -€8,846 | €18,013 | -€25,461 | €36,375 | €85,382 | €47,772 | ▼ 44.0% |
| Investment in fixed assets (approximation) | - | -€9,920 | -€4,110 | -€5,117 | €0 | €2,738 | -€175,399 | -€211,692 | ▼ 20.7% |
| Change in cash | - | €1,217 | -€4,457 | €20,931 | -€12,807 | €37,521 | -€828 | -€41,620 | ▼ 4,924% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-08-2026 | 2026-00393947 |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00262667 |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00296817 |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00279043 |
| 31-12-2021 | micro format | 27-08-2022 | 2022-20329985 |
| 31-12-2020 | micro format | 24-08-2021 | 2021-56300464 |
| 31-12-2019 | micro format | 26-08-2020 | 2020-45400117 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54400111 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-61800450 |
| 31-12-2016 | micro format | 28-08-2017 | 2017-53100565 |
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Of the 6,637 active companies whose main activity is day spas, saunas and steam baths (NACE 96230), figures are known for 654. 492 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €3,012 awarded · €3,012 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €1,012 | €1,012 |
| 2022 | 1 | €2,000 | €2,000 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.