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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Oleander is 0.2% (very low). The 2024 annual accounts show equity of €782k and a net result of €137k. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 776 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsEstablished
Founded in 2013, 13 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.2%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Lower-risk legal form
−Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€699k-36.5%
EBIT margin16.4%-28.8pp
Net result€137k-69.4%
Working capital€764k-59.3%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 01-07-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~9.2%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 30.2% | 16.5% | |
| Net result | €137k | €-2k | |
| Equity | €782k | €136k | |
| Total assets | €2.60M | €1.72M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P62
Stable position over 2020-2024
· n=271-776
P85
Stable position over 2020-2024
· n=270-774
P70
Stable position over 2020-2024
· n=272-776
P58
Stable position over 2020-2024
· n=272-776
Describes the position versus peers, not a forecast.
€699k
-36.5%
18-24
€895k
-
18-24
€137k
-69.4%
18-24
€2.66M
-
18-24
€2.60M
-45.5%
18-24
€782k
-58.7%
18-24
€764k
-59.3%
18-24
€47k
-68.6%
18-24
€1.25M
-37.5%
18-24
€1.81M
-36.8%
18-24
€1.81M
-36.8%
18-24
€675k
-
18-24
1.42
-14.1%
18-24
0.93
-15.3%
18-24
30.2%
-24.2%
18-24
2.32
+53.2%
18-24
17.6%
-25.8%
18-24
5.3%
-43.8%
18-24
19.7%
-51.8%
18-24
7.7%
-
18-24
2131.00
-
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €699k |
| EBITDA | - |
| Net profit | €137k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €47k |
| Dividends | €1.25M |
| Total assets | €2.60M |
| Equity | €782k |
| Debt | €1.81M |
| of which ≤ 1y | €1.81M |
| of which > 1y | - |
| Working capital | €764k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.42 |
| Quick ratio | 0.93 |
| Working capital ratio | 29.4% |
| Solvency | 30.2% |
| Debt / equity | 2.32 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | 95.1% |
| Net margin | 19.7% |
| ROA | 5.3% |
| ROE | 17.6% |
| EBITDA margin | - |
| Days sales outstanding | 4d |
| Days payable outstanding | 5635d |
| Inventory turnover | 0.04 |
| Days inventory (DSI) | 9562d |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.60M |
| Fixed assets | 21/28 | €19k |
| Formation expenses | 20 | €0 |
| Intangible fixed assets | 21 | €0 |
| Financial fixed assets | 28 | €19k |
| Current assets | 29/58 | €2.58M |
| Stocks & contracts in progress | 3 | €897k |
| Amounts receivable within one year | 40/41 | €1.39M |
| Cash & bank | 54/58 | €200k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.60M |
| Equity | 10/15 | €782k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €6k |
| Accumulated profits (losses) | 14 | €714k |
| Amounts payable | 17/49 | €1.81M |
| Amounts payable within one year | 42/48 | €1.81M |
| Trade debts payable within one year | 44 | €529k |
| Income statement | ||
| Turnover | 70 | €699k |
| Operating result | 9901 | €114k |
| Financial income | 75 | €70k |
| Financial charges | 65 | €188 |
| Result before taxes | 9903 | €185k |
| Income taxes | 67/77 | €47k |
| Net result for the period | 9904 | €137k |
| Result to be appropriated | 9905 | €137k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed62
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
under verificationDirectors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (25120570). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
Masiti BVLegal entityDirector· perm. rep.: Lode WaesState Gazette act 25120570 (24-09-2025)Current24-09-2025 → present
2 events
- 24-09-2025 Mandate renewed· Director
- 24-09-2025 Mandate renewed· Managing director
-
Current24-09-2025 → present
2 events
- 24-09-2025 Appointed· Director
- 24-09-2025 Appointed· Managing director
-
Current29-10-2014 → present
4 events
- 24-09-2025 Mandate renewed· Director
- 10-07-2019 Mandate renewed· Managing director
- 29-10-2014 Appointed· Managing director
- 29-10-2014 Appointed· Director
Historic, not recently confirmed (4)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Lode Waes BVBALegal entityDirector· perm. rep.: Lode WaesState Gazette act 19092286 (10-07-2019)Not recently confirmedlast confirmed in an act from 2019
2 events
- 10-07-2019 Mandate renewed· Director
- 10-07-2019 Mandate renewed· Managing director
-
Not recently confirmedlast confirmed in an act from 2019
-
Not recently confirmedlast confirmed in an act from 2014
-
Not recently confirmedlast confirmed in an act from 2014
Former directors (2)
-
Windhoek BVLegal entityDirector· perm. rep.: Geertrui Van OoteghemState Gazette act 25120570 (24-09-2025)Former- → 24-09-2025
-
Windhoek BVBALegal entityDirector· perm. rep.: Robert HoornaertState Gazette act 19092286 (10-07-2019)Former06-07-2015 → 01-01-2020
4 events
- 01-01-2020 Resigned· Director
- 10-07-2019 Mandate renewed· Director
- 06-07-2015 Resigned· Director
- 06-07-2015 Mandate renewed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| CVBA Grant Thomton Bedrijfsrevisoren Statutory auditor · represented by Ria Verheyen |
- | 10-07-2019 → 10-07-2019 |
| Grant Thornton, Bedrijfsrevisoren CVBA Statutory auditor · represented by Ria Verheyen succeeded by CVBA Grant Thomton Bedrijfsrevisoren in 2019 |
- | 08-08-2016 → 10-07-2019 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Public limited company(014) |
| Incorporation | 18-04-2013 |
| Status | Active |
| Postal code | 9051 |
Structure & network
Connections & network
4 connected companiesGroup structure
Parent · 1 subsidiary · 1 location
Control→
Parent · 2 subsidiaries · 1 location
Control→
Linked via shared directors
viaRobert Hoornaert · Permanent representative
former→
Network connections
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationOleander
since 20132.219.082.361
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.8 ha
Buildings1
Building footprint2,149 m²
Volume (LiDAR)16,051 m³
Tallest building10.0 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0160/00E000 | Flanders | 1.8 ha | 1 · 2,148 m² | 10.0 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
17 acts Address history · 1
19-06-2014
v3.2
All acts · 17
updated 9 months ago
2025
17-10-2025 1 director appointed, 1 resigning
- Grant Thornton Bedrijfsrevisoren BV, Commissaris
- Grant Thornton Bedrijfsrevisoren BV, Commissaris
Summary:
v3.2
24-09-2025 2 directors appointed, 1 resigning, 3 reappointed
- Matthias Hoornaert, Bestuurder
- Matthias Hoornaert, Gedelegeerd bestuurder
- Geertrui Van Ooteghem, Bestuurder
- Robert Hoornaert, Bestuurder
- Lode Waes, Bestuurder
- Lode Waes, Gedelegeerd bestuurder
Summary:
v3.2
2023
29-11-2023 Articles of association amended
Summary:
v3.2
2022
29-08-2022 Ria Verheyen reappointed as statutory auditor
2021
09-02-2021 Change in the board of directors
Summary:
v3.2
2020
06-04-2020 Robert Hoornaert resigns as director
2019
25-11-2019 Change in the board of directors
Summary:
v3.2
10-07-2019 6 reappointed
- Robert Hoomaert, Bestuurder
- Lode Waes, Bestuurder
- Robert Hoornaert, Bestuurder
- Ria Verheyen, Commissaris
- Robert Hoornaert, Gedelegeerd bestuurder
- Lode Waes, Gedelegeerd bestuurder
Summary:
v3.2
2018
01-08-2018 Change in the board of directors
Summary:
v3.2
2017
06-10-2017 Change in the board of directors
Summary:
v3.2
2016
08-08-2016 RIA VERHEYEN reappointed as statutory auditor
20-06-2016 Change in the board of directors
Summary:
v3.2
2015
06-07-2015 1 resigning, 1 reappointed
2014
29-10-2014 1 director appointed, 1 resigning
29-10-2014 3 directors appointed
- Robert Hoornaert, Gedelegeerd bestuurder
- Lode Waes, Gedelegeerd bestuurder
- Robert Hoornaert, Bestuurder
Summary:
v3.2
19-06-2014 Registered office moved from Torhout to Sint-Denijs-Westrem
- Oude Gentweg 81, 8820 Torhout → Poortakkerstraat 94, 9051 Sint-Denijs-Westrem
Summary:
v3.2
2013
22-04-2013 Incorporation of a new NV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes67
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
62
Profitability
94
Solvency
56
Growth
22
Stability
100
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
| Legal nameNL | Oleander |
Registered office
Poortakkerstraat 94
9051 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.