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OVARRO

Active
Public limited companyfounded 2007active for 19 yearsDrève Richelle 161, 1410 Waterloo, BelgiumKBO/BCE: BE 0886.847.541
Summary

OVARRO has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of €1.2m. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 66% of 1,656 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Other information technology and computer services
NACE 62900Computer programming NACE 62100
#3 company by equity in Waterloo, Telecoms and IT sector1 site
Size
€7.8mturnover 2025
Staff
19.4 FTE
Equity
€9.0m
Profit
€1.2m
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
OVARRO GROUP
Auditor: FORVIS MAZARS REVISEURS D'ENTREPRISES SRLAccounts filed 6 days late
Why 95lowers riskLiquidity: current ratio 2.06, cash €2.8mSize: turnover €7.8m, 19.4 FTE, total assets €16.4mEquity €9.0m (54.8% of total assets)Profit of €1.2m (financial year 2025)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 62, small)
Financial strength · tick = 2024
Strong
Solvency 80-2
equity 54.8% of total assets
Liquidity 49-13
short-term debt 45.0% · cash 16.8%
Profitability 85+60
return on assets 7.2%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,160 companies, NACE 62, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value 09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.06, compared with 2.14 in 2024; short-term debt: 45% and cash: 16.8% of total assets), and 45.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, small): better than 67% on solvency, 52% on liquidity, 79% on profitability and 57% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.06, cash €2.8m
NBB · annual accounts
lowers risk · Size: turnover €7.8m, 19.4 FTE, total assets €16.4m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €9.0m (54.8% of total assets)
NBB · annual accounts
lowers risk · Profit of €1.2m (financial year 2025)
NBB · annual accounts
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
6 days late
2024
2 days early
2023
26 days early
2022
7 days early
2021
2 days early
2020
17 days early
2019
82 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €1.2m
  3. Resignation: Jacob Ryan PETKOVICH (director)Appointment: Michael Patrick MORGAN (director)…

Key points

  • Positive: Back in profit in 2025after -€1.1m in 2024 €1.2m View
  • Positive: Company by equity in Waterloo, Telecoms and IT…in the Checked rankings #3 View
  • Controlled by OVARRO GROUPknown shareholders 100% parent View
  • A director leftlatest change 15-10-2025 · 3 in office 1 left View

By topic

Financials

Financial year
2025
Turnover
€7.8m
Profit
€1.2m
Solvency
54.8%
Turnover▲ 0.4%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
OVARRO GROUP
Known shareholders
100%
Auditor
FORVIS MAZARS REVISEURS D'ENTREPRISES…
  • Philippe ARETZDirector
  • Michael Patrick MORGANDirector
  • Neuman LEVERETT IIIDirector
Go to Board & ownership

Timeline

Events
45
Since
2008
Next accounts
by 31-07-2027
  1. 29-07-2025Annual accounts filed
  2. 14-02-2025Reappointment: Forvis Mazars Réviseurs d'entreprises SRL (statutory…
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other information technology and computer servicesNACE 62900
Founded
30-01-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
La société a pour objet l'entreprise, tant en Belgique qu'à l'étranger, pour compte…
Go to Articles of association

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