OUDAERT SA
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 2 filings
Turnover
€5.3m▲ 15.0%
2024 · €4.6m
EBIT margin
10.1%▲ 3.1pp
2024 · 6.9%
Net result
€360,262▲ 95.5%
2024 · €184,296
Working capital
€1.2m▲ 31.7%
2024 · €925,381
In the rankings
#3 company by total assets in Vorst, Manufacturing sector#4 company by equity in Vorst, Manufacturing sector
Multi-year overview
2024 to 2025, 2 financial yearsTurnover
€5.3m
▲ 15.0%
2025
20242025
Operating result
€529,179
▲ 66.6%
2025
20242025
Net result
€360,262
▲ 95.5%
2025
middle half of the sector
20242025
EBIT margin
10.1%
▲ 3.1pp
2025
20242025
Equity
€2.4m
▲ 11.5%
2025
middle half of the sector
20242025
Total assets
€7.4m
▲ 0.1%
2025
middle half of the sector
20242025
Debt
€5.0m
▼ 4.5%
2025
20242025
Working capital
€1.2m
▲ 31.7%
2025
middle half of the sector
20242025
Solvency
32.1%
▲ 3.3pp
2025
middle half of the sector
20242025
Current ratio
2.00
▲ 0.35
2025
middle half of the sector
20242025
Return on assets (ROA)
4.9%
▲ 2.4pp
2025
middle half of the sector
20242025
Staff (FTE)
17
▲ 10.4%
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Turnover€4.6m-€5.3m▲ 15.0%
Operating result€0.3m-€0.5m▲ 66.6%
Net result€0.2mwithin the sector's middle half-€0.4mwithin the sector's middle half▲ 95.5%
EBIT margin6.9%-10.1%▲ 3.1pp
Equity€2.1mwithin the sector's middle half-€2.4mwithin the sector's middle half▲ 11.5%
Total assets€7.4mwithin the sector's middle half-€7.4mwithin the sector's middle half▲ 0.1%
Debt€5.2m-€5.0m▼ 4.5%
Working capital€0.9mwithin the sector's middle half-€1.2mwithin the sector's middle half▲ 31.7%
Solvency28.8%within the sector's middle half-32.1%within the sector's middle half▲ 3.3pp
Current ratio1.65within the sector's middle half-2.00within the sector's middle half▲ 0.35
Return on assets (ROA)2.5%within the sector's middle half-4.9%within the sector's middle half▲ 2.4pp
Staff (FTE)15.4within the sector's middle half-17within the sector's middle half▲ 10.4%
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). 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 67% higher than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.3m
Fixed assets
€4.9m ▼ 1.2%
Current assets
€2.4m ▲ 3.5%
Equity and liabilities €7.4m
Equity
€2.4m ▲ 11.5%
Debt
€5.0m ▼ 4.5%
Debt's share of the balance-sheet total falls from 71.2% to 67.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.1m▲
2024 · €734,459
Cash flow
€887,713▲
2024 · €601,211
Quick ratio
1.58▲
2024 · 1.32
Debt to equity
2.12▼
2024 · 2.47
ROE
15.2%▲
2024 · 8.7%
Interest coverage
8.13▲
2024 · 4.38
Debt ≤ 1 year
€1.2m▼
2024 · €1.4m
Debt > 1 year
€3.8m▼
2024 · €3.8m
Income taxes
€110,869▲
2024 · €13,502
Customer credit
59 days▼
2024 · 69 days
Supplier credit
38 days▼
2024 · 64 days
Staff costs
€1.3m▲
2024 · €992,166
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 16 | 18 |
| full-time | 16 | 18 |
| in full-time equivalents | 16 | 18 |
| Average over the year, in full-time equivalents | 15.4 | 17 |
| On a permanent contract | 15 | 17 |
| Joined | 19 | 4 |
| Left | 6 | 2 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €4.8m | €248,598 |
| Intangible fixed assets | €17,765 | €208,594 |
| Depreciation and write-downs of the year | €416,915 | €527,451 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €4.6m | €5.3m | ▲ 15.0% |
| Goods, raw materials, services and sundry goods60/61 | €3.0m | €2.9m | ▼ 2.0% |
| Remuneration, social security and pensions62 | €1.0m | €1.3m | ▲ 26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.5m | ▲ 26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0.001m | - |
| Other operating charges640/8 | €0.09m | €0.08m | ▼ 15.4% |
| Non-recurring operating charges66A | €0.02m | - | - |
| Gross operating margin9900 | €1.8m | €2.4m | ▲ 30.0% |
| Operating profit (loss)9901 | €0.3m | €0.5m | ▲ 66.6% |
| Financial income75/76B | €0.05m | €0.07m | ▲ 50.0% |
| Recurring financial income75 | €0.05m | €0.07m | ▲ 50.0% |
| Financial charges65/66B | €0.2m | €0.1m | ▼ 22.5% |
| Recurring financial charges65 | €0.2m | €0.1m | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.5m | ▲ 138% |
| Income taxes67/77 | €0.01m | €0.1m | ▲ 721% |
| Profit (loss) for the period9904 | €0.2m | €0.4m | ▲ 95.5% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.4m | ▲ 95.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €7.4m | €7.4m | ▲ 0.1% |
| Formation expenses20 | €0.08m | €0.06m | ▼ 21.8% |
| Fixed assets21/28 | €4.9m | €4.9m | ▼ 1.2% |
| Intangible fixed assets21 | €0.02m | €0.2m | ▲ 11× |
| Tangible fixed assets22/27 | €4.9m | €4.7m | ▼ 5.1% |
| Plant, machinery and equipment23 | €1.0m | €0.7m | ▼ 28.7% |
| Furniture and vehicles24 | €0.01m | €0.008m | ▼ 29.7% |
| Leasing and similar rights25 | €3.9m | €3.9m | ▲ 1.0% |
| Assets under construction and advance payments27 | €0 | - | - |
| Financial fixed assets28 | €0 | - | - |
| Current assets29/58 | €2.4m | €2.4m | ▲ 3.5% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | ▲ 9.4% |
| Stocks30/36 | €0.5m | €0.5m | ▲ 9.4% |
| Amounts receivable within one year40/41 | €0.9m | €0.9m | ▼ 2.7% |
| Trade receivables40 | €0.9m | €0.8m | ▼ 1.6% |
| Other amounts receivable41 | €0.08m | €0.07m | ▼ 14.0% |
| Current investments50/53 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €0.9m | €1.0m | ▲ 3.8% |
| Deferred charges and accrued income490/1 | €0.03m | €0.05m | ▲ 115% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €7.4m | €7.4m | ▲ 0.1% |
| Equity10/15 | €2.1m | €2.4m | ▲ 11.5% |
| Contributions10/11 | €0.1m | €0.1m | = |
| Capital10 | €0.1m | €0.1m | = |
| Issued capital100 | €0.1m | €0.1m | = |
| Revaluation surpluses12 | €0.03m | €0.03m | = |
| Reserves13 | €1.1m | €1.2m | ▲ 9.4% |
| Non-distributable reserves130/1 | €0.01m | €0.01m | = |
| Legal reserve130 | €0.01m | €0.01m | = |
| Other1319 | €0 | - | - |
| Tax-exempt reserves132 | €0.004m | €0.004m | = |
| Distributable reserves133 | €1.0m | €1.1m | ▲ 9.5% |
| Profit (loss) carried forward14 | €0.4m | €0.5m | ▲ 13.4% |
| Investment grants15 | €0.5m | €0.6m | ▲ 17.5% |
| Amounts payable17/49 | €5.2m | €5.0m | ▼ 4.5% |
| Amounts payable after more than one year17 | €3.8m | €3.8m | ▼ 0.6% |
| Financial debts170/4 | €3.8m | €3.8m | ▼ 0.6% |
| Amounts payable within one year42/48 | €1.4m | €1.2m | ▼ 14.7% |
| Current portion of amounts payable after more than one year42 | €0.3m | €0.4m | ▲ 16.5% |
| Trade debts44 | €0.5m | €0.3m | ▼ 40.8% |
| Suppliers440/4 | €0.5m | €0.3m | ▼ 40.8% |
| Taxes, remuneration and social security45 | €0.1m | €0.1m | ▼ 12.8% |
| Taxes450/3 | €0.04m | €0.01m | ▼ 67.8% |
| Remuneration and social security454/9 | €0.1m | €0.1m | ▲ 5.7% |
| Other amounts payable47/48 | €0.5m | €0.4m | ▼ 6.5% |
| Accrued charges and deferred income492/3 | €0 | €60 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €184,296 | €360,262 | ▲ 95.5% |
| + Depreciation and write-downs630 | €416,915 | €527,451 | ▲ 26.5% |
| Operating cash flow (approximation) | €601,211 | €887,713 | ▲ 47.7% |
| Investment in fixed assets (approximation) | - | -€470,527 | - |
| Change in cash | - | €35,029 | - |
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, 501 companies had the same profile as OUDAERT SA has now. Two years later, 96.2% were still going and 0.6% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.0%
stopped otherwise
0.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OUDAERT SA itself: 0.4% within 12 months.
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 501 companies, not a prediction for OUDAERT SA. 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.