OXYGEN
ActiveSummary
OXYGEN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191k and a net result of €22k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 78% of 1854 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▲+33
Solvency83▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.57 in 2023; short-term debt: 38% of total assets), and 42.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
92 d late
2022
45 d late
2021
77 d late
2020
116 d late
2019
131 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€191k▲ 13.0%
2023 · €169k
2018: €199k
2019: €204k▲ +2.9% vs 2018highest in 7 years
2020: €194k▼ -5.1% vs 2019
2021: €181k▼ -6.8% vs 2020
2022: €188k▲ +3.8% vs 2021
2023: €169k▼ -9.8% vs 2022lowest in 7 years
2024: €191k▲ +13.0% vs 2023
2018 → 2024
Total assets
€331k▲ 18.2%
2023 · €280k
2018: €312k
2019: €308k▼ -1.1% vs 2018
2020: €235k▼ -23.9% vs 2019lowest in 7 years
2021: €272k▲ +15.8% vs 2020
2022: €281k▲ +3.3% vs 2021
2023: €280k▼ -0.1% vs 2022
2024: €331k▲ +18.2% vs 2023highest in 7 years
2018 → 2024
Net result
€22k
2023 · €-18k
2018: €31khighest in 7 years
2019: €6k▼ -81.6% vs 2018
2020: €-10k▼ -283% vs 2019
2021: €-13k▼ -27.7% vs 2020
2022: €7k▲ +153% vs 2021
2023: €-18k▼ -364% vs 2022lowest in 7 years
2024: €22k▲ +220% vs 2023
2018 → 2024
Working capital
€-21k▲ 45.7%
2023 · €-40k
2018: €-73klowest in 7 years
2019: €-56k▲ +22.8% vs 2018
2020: €-17k▲ +69.6% vs 2019highest in 7 years
2021: €-35k▼ -106% vs 2020
2022: €-17k▲ +50.4% vs 2021
2023: €-40k▼ -126% vs 2022
2024: €-21k▲ +45.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€194k-€181k▼ 6.8%€188k▲ 3.8%€169k▼ 9.8%€191k▲ 13.0%
2020: €194khighest in 5 years
2021: €181k▼ -6.8% vs 2020
2022: €188k▲ +3.8% vs 2021
2023: €169k▼ -9.8% vs 2022lowest in 5 years
2024: €191k▲ +13.0% vs 2023
Operating result€-1k-€-11k▼ 931%€9k€-16k€25k
2020: €-1k
2021: €-11k▼ -931% vs 2020
2022: €9k▲ +187% vs 2021
2023: €-16k▼ -271% vs 2022lowest in 5 years
2024: €25k▲ +254% vs 2023highest in 5 years
Net result€-10k-€-13k▼ 27.7%€7k€-18k€22k
2020: €-10k
2021: €-13k▼ -27.7% vs 2020
2022: €7k▲ +153% vs 2021
2023: €-18k▼ -364% vs 2022lowest in 5 years
2024: €22k▲ +220% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €25k after a loss of €16k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €331k
Fixed assets
€227k =
Current assets
€104k ▲ 95.4%
Equity and liabilities €331k
Equity
€191k ▲ 13.0%
Debt
€140k ▲ 26.0%
Debt's share of the balance-sheet total rises from 39.6% to 42.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.83▲
2023 · 0.57
Quick ratio
0.55▲
2023 · 0.20
Debt to equity
0.73▲
2023 · 0.66
ROE
11.5%▲
2023 · -10.8%
ROA
6.7%▲
2023 · -6.5%
Debt ≤ 1 year
€126k▲
2023 · €93k
Income taxes
€369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€280k€331k▲
Fixed assets21/28€227k€227k=
Financial fixed assets28€227k€227k=
Current assets29/58€53k€104k▲
Stocks and contracts in progress3€35k€35k=
Stocks30/36€35k€35k=
Amounts receivable within one year40/41€18k€69k▲
Trade receivables40€14k€61k▲
Other amounts receivable41€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€280k€331k▲
Equity10/15€169k€191k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€182k€185k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Distributable reserves133€180k€183k▲
Profit (loss) carried forward14€-18k-
Amounts payable17/49€111k€140k▲
Amounts payable within one year42/48€93k€126k▲
Current portion of amounts payable after more than one year42€3k€3k=
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€696€369▼
Taxes450/3€696€369▼
Other amounts payable47/48€81k€120k▲
Accrued charges and deferred income492/3€18k€14k▼
Income statement
Code20232024
Other operating charges640/8€4k€3k▼
Gross operating margin9900€-12k€28k▲
Operating profit (loss)9901€-16k€25k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-18k€22k▲
Income taxes67/77-€369
Profit (loss) for the period9904€-18k€22k▲
Profit (loss) for the period to be appropriated9905€-18k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€4k▲
Profit (loss) brought forward from the previous period14P-€-18k
Transfer to equity691/2-€4k
To other reserves6921-€4k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3k | €-2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €494 | - | - | - | - | - |
| Other operating charges640/8 | - | €4k | €3k | €4k | €3k | ▼ 18.4% |
| Gross operating margin9900 | €3k | €-5k | €11k | €-12k | €28k | ▲ 338% |
| Operating profit (loss)9901 | €-1k | €-11k | €9k | €-16k | €25k | ▲ 254% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | €82 | - | - | €0 | - | - |
| Financial charges65/66B | - | €2k | €2k | €2k | €2k | ▼ 3.9% |
| Recurring financial charges65 | €3k | €2k | €2k | €2k | €2k | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | €-4k | €-13k | €8k | €-18k | €22k | ▲ 222% |
| Income taxes67/77 | €6k | - | €696 | - | €369 | - |
| Profit (loss) for the period9904 | €-10k | €-13k | €7k | €-18k | €22k | ▲ 220% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €-13k | €7k | €-18k | €22k | ▲ 220% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235k | €272k | €281k | €280k | €331k | ▲ 18.2% |
| Fixed assets21/28 | €216k | €216k | €221k | €227k | €227k | = |
| Financial fixed assets28 | €216k | €216k | €221k | €227k | €227k | = |
| Current assets29/58 | €19k | €56k | €59k | €53k | €104k | ▲ 95.4% |
| Stocks and contracts in progress3 | €26 | €26 | €25k | €35k | €35k | = |
| Stocks30/36 | - | €26 | €25k | €35k | €35k | = |
| Amounts receivable within one year40/41 | €19k | €34k | €34k | €18k | €69k | ▲ 277% |
| Trade receivables40 | - | €30k | €34k | €14k | €61k | ▲ 330% |
| Other amounts receivable41 | - | €4k | €2 | €4k | €8k | ▲ 99.3% |
| Cash at bank and in hand54/58 | - | €22k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235k | €272k | €281k | €280k | €331k | ▲ 18.2% |
| Equity10/15 | €194k | €181k | €188k | €169k | €191k | ▲ 13.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | €6k | - | - |
| Issued capital100 | - | €19k | €19k | €19k | - | - |
| Uncalled capital101 | - | €12k | €12k | €12k | - | - |
| Reserves13 | €188k | €175k | €182k | €182k | €185k | ▲ 2.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €2k | - |
| Distributable reserves133 | - | €173k | €180k | €180k | €183k | ▲ 2.1% |
| Profit (loss) carried forward14 | - | - | - | €-18k | - | - |
| Amounts payable17/49 | €41k | €91k | €93k | €111k | €140k | ▲ 26.0% |
| Amounts payable after more than one year17 | €5k | - | - | - | - | - |
| Amounts payable within one year42/48 | €36k | €91k | €77k | €93k | €126k | ▲ 35.4% |
| Current portion of amounts payable after more than one year42 | - | €17k | €3k | €3k | €3k | = |
| Trade debts44 | - | €3k | €7k | €9k | €3k | ▼ 65.7% |
| Suppliers440/4 | - | €3k | €7k | €9k | €3k | ▼ 65.7% |
| Taxes, remuneration and social security45 | - | €6k | €6k | €696 | €369 | ▼ 46.9% |
| Taxes450/3 | - | €6k | €6k | €696 | €369 | ▼ 46.9% |
| Other amounts payable47/48 | - | €65k | €60k | €81k | €120k | ▲ 48.1% |
| Accrued charges and deferred income492/3 | - | - | €16k | €18k | €14k | ▼ 22.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €-13k | €7k | €-18k | €22k | ▲ 220% |
| + Depreciation and write-downs630 | €494 | - | - | - | - | - |
| Operating cash flow (approximation) | €-10k | €-13k | €7k | €-18k | €22k | ▲ 220% |
| Investment in fixed assets (approximation) | - | €25 | €-5k | €-6k | €0 | ▲ 100% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 116 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
31-12
Financial
Equity above €200kEq €204k ▲2.9%
2 profitable years in a row build equity to €204k.
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 120 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 344 days late
10-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 709 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2000
Ground area
206 m²
Building footprint
110 m²
Volume, LiDAR
1,660 m³
Parcel 21009A0376/00S009, Brussels · tallest building 19.5 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kapitein Crespelstraat 42, 1050 Elsene
since 20002.099.269.248
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0376/00S009 | Brussels | 206 m² | 1 · 110 m² | 19.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
COGEXIM
BE 0429.138.886
Liège · Eq €192,023
IMMO KAPLAN
BE 0477.304.732
Mons · Eq €192,476
Hostellerie Kemmelberg
BE 0849.843.526
Heuvelland · Eq €192,495
ALTA RIPA II
BE 0418.566.183
Oud-Turnhout · Eq €189,821
DB GESTIMMO
BE 0738.465.453
Jalhay · Eq €193,047
Of 2,393 companies in sector 55100 we hold annual accounts for 1,514. 1,099 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.