OUTDOOR OPERATIONS

Active

General partnershipfounded 201115 yrs activeNijverheidstraat 3, 9810 Nazareth-De Pinte, BelgiumKBO/BCE: BE 0839.216.977

OUTDOOR OPERATIONS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.25M and a net result of €101k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

96 / 100

Excellent▲ +8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability40=

Solvency100=

Growth85=

Stability100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €75k at 30 days acceptable

Liquidity ample (current ratio 4.02 against 3.31 in 2024), and 1.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-risk legal form

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

KBO · legal form

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

98.6%

Return on assets

0.7%

Age of the figures

8 mo

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

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

29 d early

2024

30 d early

2023

34 d early

2022

31 d early

2021

61 d early

2020

2 d early

2019

2 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 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 2025, full schema

Turnover

€740k▲ 7.0%

2024 · €691k

2023: €198k 2024: €691k

2023 → 2025

EBIT margin

4.6%▲ 0.5pp

2024 · 4.1%

2023: 1.8% 2024: 4.1%

2023 → 2025

Net result

€101k▲ 6.7%

2024 · €94k

2018: €-458k 2020: €-105k 2021: €5.00M 2022: €67k 2023: €10.07M 2024: €94k

2018 → 2025

Working capital

€562k▲ 127%

2024 · €248k

2018: €-4.17M 2020: €-1.53M 2021: €23k 2023: €240k 2024: €248k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€198k€691k▲ 249%€740k▲ 7.0%

Equity€12.92M-€12.99M▲ 0.5%€13.06M▲ 0.6%€13.15M▲ 0.7%€13.25M▲ 0.8%

Operating result€-10k-€-7k▲ 28.3%€4k€29k▲ 689%€34k▲ 19.1%

Net result€5.00M-€67k▼ 98.7%€10.07M▲ 14,843%€94k▼ 99.1%€101k▲ 6.7%

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2025 is 19% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €13.44M

94.4%

Fixed assets €12.69M▼ 1.7%

Current assets €748k▲ 111%

Equity and liabilities €13.44M

98.6%

Equity €13.25M▲ 0.8%

Debt €188k▲ 72.8%

The debt ratio rises from 0.8% to 1.4%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€36k▲

2024 · €30k

Cash flow

€103k▲

2024 · €96k

Solvency

98.6%▼

2024 · 99.2%

Current ratio

4.02▲

2024 · 3.31

Quick ratio

4.02▲

2024 · 3.31

Debt / equity

0.01▲

2024 · 0.01

ROE

0.8%▲

2024 · 0.7%

ROA

0.7%▲

2024 · 0.7%

Interest coverage

27371.26▲

2024 · 10092.87

Debt

€188k▲

2024 · €109k

Debt ≤ 1 year

€186k▲

2024 · €107k

Income taxes

€710▼

2024 · €728

Staff costs

€460k▲

2024 · €422k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€13.26M€13.44M▲

Fixed assets21/28€12.91M€12.69M▼

Tangible fixed assets22/27€2k€3k▲

Plant, machinery and equipment23€2k€3k▲

Financial fixed assets28€12.90M€12.69M▼

Affiliated companies280/1€12.90M€12.69M▼

Participating interests280€9.51M€9.51M=

Amounts receivable281€3.39M€3.18M▼

Other financial fixed assets284/8€336€336=

Amounts receivable and cash guarantees285/8€336€336=

Current assets29/58€355k€748k▲

Amounts receivable within one year40/41€255k€669k▲

Trade receivables40€255k€669k▲

Other amounts receivable41-€0

Cash at bank and in hand54/58€24k€3k▼

Deferred charges and accrued income490/1€76k€76k▲

Equity and liabilities

Total equity and liabilities10/49€13.26M€13.44M▲

Equity10/15€13.15M€13.25M▲

Contributions10/11€1.50M€1.50M=

Reserves13€79k€79k=

Distributable reserves133€79k€79k=

Profit (loss) carried forward14€11.58M€11.68M▲

Amounts payable17/49€109k€188k▲

Amounts payable within one year42/48€107k€186k▲

Trade debts44€40k€25k▼

Suppliers440/4€40k€25k▼

Taxes, remuneration and social security45€67k€161k▲

Taxes450/3€21k€95k▲

Remuneration and social security454/9€46k€66k▲

Accrued charges and deferred income492/3€2k€2k=

Income statement Code20242025

Operating income70/76A€699k€747k▲

Turnover70€691k€740k▲

Other operating income74€7k€7k▲

Operating charges60/66A€670k€713k▲

Services and other goods61€245k€249k▲

Remuneration, social security and pensions62€422k€460k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8€2k€2k▲

Operating profit (loss)9901€29k€34k▲

Financial income75/76B€77k€77k▲

Recurring financial income75€77k€77k▲

Income from financial fixed assets750€76k€76k▲

Other financial income752/9€812€888▲

Financial charges65/66B€10k€10k▼

Recurring financial charges65€10k€10k▼

Debt charges650€3€1▼

Other financial charges652/9€10k€10k▼

Profit (loss) for the period before taxes9903€95k€101k▲

Income taxes67/77€728€710▼

Taxes670/3€728€710▼

Profit (loss) for the period9904€94k€101k▲

Profit (loss) for the period to be appropriated9905€94k€101k▲

Appropriation of the result

Profit (loss) to be appropriated9906€11.58M€11.68M▲

Profit (loss) brought forward from the previous period14P€11.48M€11.58M▲

Social balance

Average headcount (FTE)90874.85.4▲

The notes to these accounts (38 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 5Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

02-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

01-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2018net €10.07M ▲14843%

Net result €10.07M, the highest in the series.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Back to profitnet €5.00M

Net result €5.00M after 2 loss-making years.

31-12

Financial Liquidity times 680current ratio 2.05

Current ratio from 0.00 to 2.05; short-term debt falls from €1.54M to €22k.

31-12

Financial Equity above €10MEq €12.92M ▲63.1%

Equity rises from €7.92M to €12.92M.

29-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Equity above €5MEq €7.92M ▲302%

Equity rises from €1.97M to €7.92M.

29-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

01-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

29-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

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

Directors · office · real estate

Directors

under verification, no change since 2022

This board is reconstructed from a single act (22090791). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Inge Depoorter

Manager · since 18-07-2022

Current

Oakwind Corsult BV

Manager · since 18-07-2022 · Legal entity

Current

Ruyi Xu

Manager · since 18-07-2022

Current

18-07-2022 Inge Depoorter: Appointed as Manager

18-07-2022 Oakwind Corsult BV: Appointed as Manager

18-07-2022 Ruyi Xu: Resigned as Manager