OSOA
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€776,379
neutral · Latest accounts filed on time
The financial year that closed on 15-12-2025 was due by 15-07-2026 and was filed on 14-01-2026, 182 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
182 d early
2024
33 d late
2023
30 d late
2022
45 d early
2021
6 d early
2020
66 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?EMANDENDI · 18 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€776,379▼ 6.9%
2024 · -€726,343
Total assets
€1,124▼ 89.7%
2024 · €10,876
Net result
-€50,035▼ 2.4%
2024 · -€48,840
Working capital
-€255,193▼ 8.2%
2024 · -€235,940
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€97,584▲ 28.4%-€55,857▲ 42.8%-€63,189▼ 13.1%-€11,304▲ 82.1%-€20,050▼ 77.4%
Net result-€102,310▲ 28.8%€43,539-€96,217-€48,840▲ 49.2%-€50,035▼ 2.4%
Equity-€624,826▼ 19.6%-€581,286▲ 7.0%-€677,504▼ 16.6%-€726,343▼ 7.2%-€776,379▼ 6.9%
Total assets€78,106▼ 42.1%€74,422▼ 4.7%€31,216▼ 58.1%€10,876▼ 65.2%€1,124▼ 89.7%
Debt€702,932▲ 6.9%€655,708▼ 6.7%€708,719▲ 8.1%€737,219▲ 4.0%€777,503▲ 5.5%
Working capital-€243,401▼ 84.3%-€155,618▲ 36.1%-€214,676▼ 38.0%-€235,940▼ 9.9%-€255,193▼ 8.2%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,050 in 2025 against €11,304 in 2024; the loss grows.
Key figures and ratios
Debt ≤ 1 year
€256,317▲
2024 · €237,237
Debt > 1 year
€521,186▲
2024 · €499,982
Ratios withheld: a balance sheet total of €1,124 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | -€4,498 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,120 | €20,167 | €14,314 | €4,338 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€5,000 | - | - | - | - | - |
| Other operating charges640/8 | €2,391 | €19,763 | €850 | €1,321 | €10,490 | ▲ 694% |
| Gross operating margin9900 | -€71,571 | -€15,927 | -€48,024 | -€5,645 | -€9,560 | ▼ 69.4% |
| Operating profit (loss)9901 | -€97,584 | -€55,857 | -€63,189 | -€11,304 | -€20,050 | ▼ 77.4% |
| Financial income75/76B | €4,759 | €109,000 | €808 | €353 | - | - |
| Recurring financial income75 | €4,759 | €109,000 | €808 | €353 | - | - |
| Financial charges65/66B | €9,485 | €9,604 | €33,836 | €37,888 | €29,985 | ▼ 20.9% |
| Recurring financial charges65 | €9,485 | €9,604 | €33,836 | €37,888 | €29,985 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | -€102,310 | €43,539 | -€96,217 | -€48,840 | -€50,035 | ▼ 2.4% |
| Profit (loss) for the period9904 | -€102,310 | €43,539 | -€96,217 | -€48,840 | -€50,035 | ▼ 2.4% |
| Profit (loss) for the period to be appropriated9905 | -€102,310 | €43,539 | -€96,217 | -€48,840 | -€50,035 | ▼ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,106 | €74,422 | €31,216 | €10,876 | €1,124 | ▼ 89.7% |
| Formation expenses20 | €373 | €102 | - | - | - | - |
| Fixed assets21/28 | €56,316 | €26,472 | €13,917 | €9,578 | - | - |
| Intangible fixed assets21 | €827 | - | - | - | - | - |
| Tangible fixed assets22/27 | €55,490 | €26,472 | €13,917 | €9,578 | - | - |
| Plant, machinery and equipment23 | €43,965 | €10,120 | €859 | - | - | - |
| Furniture and vehicles24 | €3,920 | €2,680 | €1,441 | €429 | - | - |
| Other tangible fixed assets26 | €7,605 | €13,672 | €11,617 | €9,149 | - | - |
| Current assets29/58 | €21,417 | €47,848 | €17,299 | €1,297 | €1,124 | ▼ 13.3% |
| Stocks and contracts in progress3 | €6,507 | €6,507 | - | - | - | - |
| Stocks30/36 | €6,507 | €6,507 | - | - | - | - |
| Amounts receivable within one year40/41 | €2,849 | €2,672 | €784 | - | - | - |
| Trade receivables40 | €1,293 | €2,662 | €86 | - | - | - |
| Other amounts receivable41 | €1,556 | €11 | €698 | - | - | - |
| Cash at bank and in hand54/58 | €11,973 | €5,510 | €16,367 | €1,297 | €1,124 | ▼ 13.3% |
| Deferred charges and accrued income490/1 | €88 | €33,158 | €148 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,106 | €74,422 | €31,216 | €10,876 | €1,124 | ▼ 89.7% |
| Equity10/15 | -€624,826 | -€581,286 | -€677,504 | -€726,343 | -€776,379 | ▼ 6.9% |
| Contributions10/11 | €51,000 | €51,000 | €51,000 | €51,000 | €51,000 | = |
| Profit (loss) carried forward14 | -€675,826 | -€632,286 | -€728,504 | -€777,343 | -€827,379 | ▼ 6.4% |
| Amounts payable17/49 | €702,932 | €655,708 | €708,719 | €737,219 | €777,503 | ▲ 5.5% |
| Amounts payable after more than one year17 | €438,114 | €449,727 | €476,745 | €499,982 | €521,186 | ▲ 4.2% |
| Other amounts payable178/9 | €438,114 | €449,727 | €476,745 | €499,982 | €521,186 | ▲ 4.2% |
| Amounts payable within one year42/48 | €264,818 | €203,466 | €231,974 | €237,237 | €256,317 | ▲ 8.0% |
| Trade debts44 | €36,857 | €46,436 | €37,883 | €43,146 | €35,816 | ▼ 17.0% |
| Suppliers440/4 | €36,857 | €46,436 | €37,883 | €43,146 | €35,816 | ▼ 17.0% |
| Other amounts payable47/48 | €227,960 | €157,030 | €194,091 | €194,091 | €220,501 | ▲ 13.6% |
| Accrued charges and deferred income492/3 | - | €2,515 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€102,310 | €43,539 | -€96,217 | -€48,840 | -€50,035 | ▼ 2.4% |
| + Depreciation and write-downs630 | €33,120 | €20,167 | €14,314 | €4,338 | - | - |
| Operating cash flow (approximation) | -€69,190 | €63,706 | -€81,903 | -€44,501 | -€50,035 | ▼ 12.4% |
| Investment in fixed assets (approximation) | - | €9,678 | -€1,760 | €0 | - | - |
| Change in cash | - | -€6,463 | €10,857 | -€15,070 | -€173 | ▲ 98.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 33 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €43,539
Net result €43,539 after 4 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 66 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Weakest financial yearnet -€317,446
Net result drops to -€317,446, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Part of the group
EMANDENDI
18 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: EMANDENDI. The sources do not say who stands above it.
Owners 1
- IDETEXparentSourceaccounts IDETEX 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.