OV-EO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 14 filings
Turnover
≈ €26,000
Estimated: probably between €13,000 and €53,000
EBIT margin
Not included in this filing
Net result
€3,969
2024 · -€3,505
Working capital
€14,876▲ 41.8%
2024 · €10,494
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,386
2025
20182025
Net result
€3,969
2025
middle half of the sector
20182025
Equity
€15,052
▲ 35.8%
2025
lowest quarter of the sector
20182025
Total assets
€21,812
▲ 28.3%
2025
lowest quarter of the sector
20182025
Debt
€6,760
▲ 14.1%
2025
20182025
Working capital
€14,876
▲ 41.8%
2025
middle half of the sector
20182025
Solvency
69.0%
▲ 3.8pp
2025
middle half of the sector
20182025
Current ratio
3.20
▲ 0.43
2025
middle half of the sector
20182025
Return on assets (ROA)
18.2%
▲ 38.8pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€4,881--€4,141▲ 15.2%€8,949€5,976▼ 33.2%€5,965▼ 0.2%€4,676▼ 21.6%-€3,889€4,386
Net result-€4,974--€4,398▲ 11.6%€7,381within the sector's middle half€4,248within the sector's middle half▼ 42.4%€4,621within the sector's middle half▲ 8.8%€3,876within the sector's middle half▼ 16.1%-€3,505below the sector's middle half€3,969within the sector's middle half
Equity-€1,141--€5,538▼ 385%€1,843below the sector's middle half€6,091below the sector's middle half▲ 231%€10,712below the sector's middle half▲ 75.9%€14,588below the sector's middle half▲ 36.2%€11,083below the sector's middle half▼ 24.0%€15,052below the sector's middle half▲ 35.8%
Total assets€21,985-€12,029▼ 45.3%€16,645below the sector's middle half▲ 38.4%€13,432below the sector's middle half▼ 19.3%€15,577below the sector's middle half▲ 16.0%€19,374below the sector's middle half▲ 24.4%€17,006below the sector's middle half▼ 12.2%€21,812below the sector's middle half▲ 28.3%
Debt€23,126-€17,568▼ 24.0%€14,802▼ 15.7%€7,342▼ 50.4%€4,865▼ 33.7%€4,786▼ 1.6%€5,923▲ 23.8%€6,760▲ 14.1%
Working capital€643-€924▲ 43.7%€3,624within the sector's middle half▲ 292%€6,019within the sector's middle half▲ 66.1%€10,640within the sector's middle half▲ 76.8%€13,586within the sector's middle half▲ 27.7%€10,494within the sector's middle half▼ 22.8%€14,876within the sector's middle half▲ 41.8%
Solvency-5.2%--46.0%▼ 40.9pp11.1%below the sector's middle half▲ 57.1pp45.3%within the sector's middle half▲ 34.3pp68.8%within the sector's middle half▲ 23.4pp75.3%within the sector's middle half▲ 6.5pp65.2%within the sector's middle half▼ 10.1pp69.0%within the sector's middle half▲ 3.8pp
Current ratio1.06-1.09▲ 0.031.28within the sector's middle half▲ 0.201.82within the sector's middle half▲ 0.543.19within the sector's middle half▲ 1.373.84within the sector's middle half▲ 0.652.77within the sector's middle half▼ 1.073.20within the sector's middle half▲ 0.43
Return on assets (ROA)-22.6%--36.6%▼ 13.9pp44.3%above the sector's middle half▲ 80.9pp31.6%above the sector's middle half▼ 12.7pp29.7%above the sector's middle half▼ 2.0pp20.0%within the sector's middle half▼ 9.7pp-20.6%below the sector's middle half▼ 40.6pp18.2%within the sector's middle half▲ 38.8pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 a profit of €4,386, after a loss of €3,889 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,812
Fixed assets
€176 ▼ 70.2%
Current assets
€21,637 ▲ 31.8%
Equity and liabilities €21,812
Equity
€15,052 ▲ 35.8%
Debt
€6,760 ▲ 14.1%
Debt's share of the balance-sheet total falls from 34.8% to 31.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4,799▲
2024 · -€3,476
Cash flow
€4,382▲
2024 · -€3,092
Debt to equity
0.45▼
2024 · 0.53
ROE
26.4%▲
2024 · -31.6%
Interest coverage
12.81▲
2024 · -22.52
Debt ≤ 1 year
€6,760▲
2024 · €5,923
Income taxes
€911▲
2024 · €474
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,239 | - | - |
| Depreciation and write-downs of the year | €165 | - | €310 | €413 | €413 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,524 | €9,524 | €165 | €165 | - | €310 | €413 | €413 | = |
| Other operating charges640/8 | - | - | - | €1,101 | €1,491 | €714 | €525 | €834 | ▲ 58.8% |
| Gross operating margin9900 | €6,012 | €6,743 | €10,356 | €7,242 | €7,455 | €5,700 | -€2,951 | €5,633 | - |
| Operating profit (loss)9901 | -€4,881 | -€4,141 | €8,949 | €5,976 | €5,965 | €4,676 | -€3,889 | €4,386 | - |
| Financial income75/76B | - | - | - | €727 | €980 | €867 | €1,012 | €869 | ▼ 14.1% |
| Recurring financial income75 | €627 | €777 | €946 | €727 | €980 | €867 | €1,012 | €869 | ▼ 14.1% |
| Financial charges65/66B | - | - | - | €569 | €402 | €250 | €154 | €375 | ▲ 143% |
| Recurring financial charges65 | €555 | €827 | €679 | €569 | €402 | €250 | €154 | €375 | ▲ 143% |
| Profit (loss) for the period before taxes9903 | -€4,808 | -€4,191 | €9,215 | €6,134 | €6,543 | €5,294 | -€3,031 | €4,881 | - |
| Income taxes67/77 | €166 | €207 | €1,834 | €1,885 | €1,922 | €1,418 | €474 | €911 | ▲ 92.3% |
| Profit (loss) for the period9904 | -€4,974 | -€4,398 | €7,381 | €4,248 | €4,621 | €3,876 | -€3,505 | €3,969 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,974 | -€4,398 | €7,381 | €4,248 | €4,621 | €3,876 | -€3,505 | €3,969 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €21,985 | €12,029 | €16,645 | €13,432 | €15,577 | €19,374 | €17,006 | €21,812 | ▲ 28.3% |
| Fixed assets21/28 | €9,926 | €402 | €237 | €72 | €72 | €1,001 | €588 | €176 | ▼ 70.2% |
| Tangible fixed assets22/27 | €9,854 | €330 | €165 | €0 | €0 | €929 | €516 | €103 | ▼ 80.0% |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €929 | €516 | €103 | ▼ 80.0% |
| Financial fixed assets28 | €72 | €72 | €72 | €72 | €72 | €72 | €72 | €72 | = |
| Current assets29/58 | €12,059 | €11,627 | €16,408 | €13,360 | €15,505 | €18,373 | €16,418 | €21,637 | ▲ 31.8% |
| Amounts receivable within one year40/41 | €9,501 | €9,392 | €10,094 | €13,216 | €15,505 | €18,134 | €15,855 | €16,217 | ▲ 2.3% |
| Other amounts receivable41 | - | - | - | €13,216 | €15,505 | €18,134 | €15,855 | €16,217 | ▲ 2.3% |
| Cash at bank and in hand54/58 | €1,377 | €1,400 | €5,824 | €0 | - | €239 | €563 | €3,285 | ▲ 484% |
| Deferred charges and accrued income490/1 | - | - | - | €144 | - | - | - | €2,135 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €21,985 | €12,029 | €16,645 | €13,432 | €15,577 | €19,374 | €17,006 | €21,812 | ▲ 28.3% |
| Equity10/15 | -€1,141 | -€5,538 | €1,843 | €6,091 | €10,712 | €14,588 | €11,083 | €15,052 | ▲ 35.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | - | - | - | - | - |
| Reserves13 | €65 | €65 | €65 | €65 | €65 | €65 | €65 | €65 | = |
| Non-distributable reserves130/1 | - | - | - | €65 | €65 | €65 | €65 | €65 | = |
| Legal reserve130 | - | - | - | €65 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €65 | €65 | €65 | €65 | = |
| Profit (loss) carried forward14 | -€7,406 | -€11,803 | -€4,422 | -€174 | €4,447 | €8,323 | €4,818 | €8,787 | ▲ 82.4% |
| Amounts payable17/49 | €23,126 | €17,568 | €14,802 | €7,342 | €4,865 | €4,786 | €5,923 | €6,760 | ▲ 14.1% |
| Amounts payable after more than one year17 | €11,710 | €6,864 | €2,019 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €11,416 | €10,703 | €12,783 | €7,342 | €4,865 | €4,786 | €5,923 | €6,760 | ▲ 14.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,019 | - | - | - | - | - |
| Financial debts43 | - | - | - | €578 | €103 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €578 | €103 | - | - | - | - |
| Trade debts44 | €224 | €491 | €10 | €123 | €272 | €0 | €1,454 | €289 | ▼ 80.1% |
| Suppliers440/4 | - | - | - | €123 | €272 | €0 | €1,454 | €289 | ▼ 80.1% |
| Taxes, remuneration and social security45 | - | - | - | €4,621 | €4,490 | €4,786 | €4,469 | €6,471 | ▲ 44.8% |
| Taxes450/3 | - | - | - | €4,290 | €3,540 | €2,530 | €1,369 | €3,371 | ▲ 146% |
| Remuneration and social security454/9 | - | - | - | €332 | €950 | €2,256 | €3,100 | €3,100 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,974 | -€4,398 | €7,381 | €4,248 | €4,621 | €3,876 | -€3,505 | €3,969 | - |
| + Depreciation and write-downs630 | €9,524 | €9,524 | €165 | €165 | - | €310 | €413 | €413 | = |
| Operating cash flow (approximation) | €4,550 | €5,126 | €7,546 | €4,413 | €4,621 | €4,186 | -€3,092 | €4,382 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€1,239 | €0 | €0 | - |
| Change in cash | - | €23 | €4,424 | -€5,824 | - | - | €324 | €2,722 | ▲ 740% |
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, 34,693 companies had the same profile as OV-EO has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of OV-EO itself: 0.1% 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 34,693 companies, not a prediction for OV-EO. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00238390 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00176359 | |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00121897 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00303076 | |
| 31-12-2021 | full format | 21-07-2022 | 2022-20246381 | |
| 31-12-2020 | full format | 13-08-2021 | 2021-49500137 | |
| 31-12-2019 | full format | 09-07-2020 | 2020-28000139 | |
| 31-12-2018 | full format | 13-08-2019 | 2019-45800589 | |
| 31-12-2017 | full format | 22-08-2018 | 2018-48400181 | |
| 31-12-2016 | full format | 23-06-2017 | 2017-20900208 |