EDITIONS D'ART OLRAY
InactiveEDITIONS D'ART OLRAY was declared bankrupt on 11-03-2024 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed by liquidation by judgment of 23-10-2025, published in the Belgian State Gazette on 30-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-01-2024, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-01-2024 close31-08-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2023 was due by 31-08-2023 and was filed on 11-08-2023, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
20 d early
2022
79 d late
2021
34 d early
2020
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-23k▼ 6.5%
2022 · €-22k
2019: €2k
2020: €26k
2021: €-55k
2022: €-22k
2019 → 2023
Working capital
€-32k▼ 198%
2022 · €-11k
2019: €446k
2020: €67k
2021: €9k
2022: €-11k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€43k-€69k▲ 60.4%€14k▼ 79.2%€-7k€-30k▼ 324%
Operating result€7k-€4k▼ 35.2%€-55k€-22k▲ 60.0%€-23k▼ 2.6%
Net result€2k-€26k▲ 982%€-55k€-22k▲ 60.9%€-23k▼ 6.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2023 against €22k in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €195k
Fixed assets
€2k ▼ 50.0%
Current assets
€193k ▼ 31.7%
Key figures and ratios
EBITDA
€-21k▼
2022 · €-20k
Cash flow
€-21k▼
2022 · €-20k
Solvency
-15.4%▼
2022 · -2.5%
Current ratio
0.86▼
2022 · 0.96
Debt to equity
-7.50▲
2022 · -41.54
ROA
-11.8%▼
2022 · -7.5%
Interest coverage
-62.07▲
2022 · -69.05
Debt
€225k▼
2022 · €293k
Debt ≤ 1 year
€225k▼
2022 · €293k
Income taxes
€0▲
2022 · €-771
Staff costs
€167k▼
2022 · €200k
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 · 2023 against 2022 · 41 lines
Balance sheet
Code20222023
Assets
Total assets20/58€286k€195k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€4k€2k▼
Current assets29/58€283k€193k▼
Amounts receivable within one year40/41€271k€184k▼
Trade receivables40€246k€172k▼
Other amounts receivable41€25k€12k▼
Cash at bank and in hand54/58€11k€8k▼
Deferred charges and accrued income490/1€893€1k▲
Equity and liabilities
Total equity and liabilities10/49€286k€195k▼
Equity10/15€-7k€-30k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-75k€-98k▼
Amounts payable17/49€293k€225k▼
Amounts payable within one year42/48€293k€225k▼
Trade debts44€2k€19k▲
Suppliers440/4€2k€19k▲
Taxes, remuneration and social security45€16k€57k▲
Taxes450/3€344€44k▲
Remuneration and social security454/9€16k€13k▼
Other amounts payable47/48€275k€149k▼
Income statement
Code20222023
Remuneration, social security and pensions62€200k€167k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€391€95▼
Gross operating margin9900€181k€146k▼
Operating profit (loss)9901€-22k€-23k▼
Financial charges65/66B€293€335▲
Recurring financial charges65€293€335▲
Profit (loss) for the period before taxes9903€-22k€-23k▼
Income taxes67/77€-771€0▲
Profit (loss) for the period9904€-22k€-23k▼
Profit (loss) for the period to be appropriated9905€-22k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-98k▼
Profit (loss) brought forward from the previous period14P€-54k€-75k▼
Social balance
Average headcount (FTE)90874.8-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Brabant wallon · EDITIONS D’ART OLRAY SA RUE SAMBREE 32, 1490 COURT-SAINT-ETIENNE. déclarée le 11 mars 2024 · event 23-10-2025
2024
15-03
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · EDITIONS D’ART OLRAY SA RUE SAMBREE 32, 1490 COURT-SAINT-ETIENNE · event 11-03-2024
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 79 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-01
Financial
Weakest financial yearnet €-55k ▼310%
Net result drops to €-55k, the lowest in the series.
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
29-02
Financial
Highest result since 2019net €26k ▲982%
Net result €26k, the highest in the series.
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
2015
18-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 49 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTOINE BRAUN VIEUX CHEMIN DU POETE 11,
1301 BIERGES |
11-03-2024 → 23-10-2025 |