OLBRECHTS
ActiveSummary
OLBRECHTS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254k and a net result of €15k. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 5.0 against 5.42 in 2024; short-term debt: 19.8% and cash: 50.4% of total assets), and 19.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.1%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
20 d early
2023
21 d late
2022
23 d late
2021
31 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€254k▼ 5.5%
2024 · €268k
2018: €340k
2019: €341k
2020: €322k
2021: €307k
2022: €290k
2023: €279k
2024: €268k
2018 → 2025
Total assets
€317k▼ 3.7%
2024 · €329k
2018: €367k
2019: €383k
2020: €363k
2021: €355k
2022: €344k
2023: €348k
2024: €329k
2018 → 2025
Net result
€15k▼ 23.5%
2024 · €20k
2018: €25k
2019: €21k
2020: €1k
2021: €5k
2022: €3k
2023: €19k
2024: €20k
2018 → 2025
Working capital
€250k▼ 5.2%
2024 · €264k
2018: €326k
2019: €328k
2020: €307k
2021: €298k
2022: €279k
2023: €271k
2024: €264k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€307k-€290k▼ 5.6%€279k▼ 3.8%€268k▼ 3.7%€254k▼ 5.5%
Operating result€-755-€-3k▼ 315%€17k€21k▲ 20.7%€18k▼ 15.8%
Net result€5k-€3k▼ 44.4%€19k▲ 576%€20k▲ 4.6%€15k▼ 23.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €317k
Fixed assets
€4k ▼ 22.8%
Current assets
€312k ▼ 3.4%
Equity and liabilities €317k
Equity
€254k ▼ 5.5%
Debt
€63k ▲ 4.5%
Debt's share of the balance-sheet total rises from 18.3% to 19.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€20k▼
2024 · €23k
Cash flow
€17k▼
2024 · €22k
Current ratio
5.00▼
2024 · 5.42
Quick ratio
4.82▼
2024 · 5.24
Debt to equity
0.25▲
2024 · 0.22
ROE
6.0%▼
2024 · 7.4%
ROA
4.8%▼
2024 · 6.0%
Interest coverage
8.81▼
2024 · 9.70
Debt ≤ 1 year
€63k▲
2024 · €60k
Income taxes
€4k▼
2024 · €5k
Staff costs
€59k▲
2024 · €57k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€329k€317k▼
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€5k€4k▼
Financial fixed assets28€322€322=
Current assets29/58€323k€312k▼
Amounts receivable after more than one year29€252k€131k▼
Other amounts receivable291€252k€131k▼
Stocks and contracts in progress3€11k€11k=
Stocks30/36€11k€11k=
Amounts receivable within one year40/41€10k€11k▲
Other amounts receivable41€10k€11k▲
Cash at bank and in hand54/58€50k€160k▲
Deferred charges and accrued income490/1€144€275▲
Equity and liabilities
Total equity and liabilities10/49€329k€317k▼
Equity10/15€268k€254k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€260k€246k▼
Amounts payable17/49€60k€63k▲
Amounts payable within one year42/48€60k€63k▲
Trade debts44€11k€17k▲
Suppliers440/4€11k€17k▲
Taxes, remuneration and social security45€18k€17k▼
Taxes450/3€12k€11k▼
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€30k€28k▼
Accrued charges and deferred income492/3€600€436▼
Income statement
Code20242025
Remuneration, social security and pensions62€57k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€785€1k▲
Gross operating margin9900€81k€80k▼
Operating profit (loss)9901€21k€18k▼
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€25k€19k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€20k€15k▼
Profit (loss) for the period to be appropriated9905€20k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€290k€276k▼
Profit (loss) brought forward from the previous period14P€271k€260k▼
Profit to be distributed694/7€30k€30k=
Return on contributions (dividend)694€30k€30k=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €1k ▼95.2%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2007
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.
Lakensestraat 1691000 BrusselGround area
47 m²
Building footprint
44 m²
Volume, LiDAR
586 m³
Parcel 21812N1077/00E000, Brussels · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
OLBRECHTS
since 20072.165.120.271
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1077/00E000 | Brussels | 47 m² | 1 · 44 m² | 16.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.165.120.271
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SLAGERIJ PAPPIJN
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 1,236 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/2172455