Olivier Denecker

Active

Private limited companyfounded 201313 yrs activeIzegemsestraat(Kor) 88, 8500 Kortrijk, BelgiumKBO/BCE: BE 0538.516.383

The computed 12-month bankruptcy probability of Olivier Denecker is 2.2% (moderate). The 2025 annual accounts show negative equity (€-6k) and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 27407 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

15 / 100

Critical= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency33▲+16

Growth32=

Stability100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Age of the figures

8 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€6k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings

Deviation from the deadline

2025

31 d late

2024

77 d early

2023

42 d late

2022

61 d late

2021

22 d late

2020

32 d early

2019

92 d early

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-6k

2024 · €1k

2018: €2k 2019: €9k 2020: €20k 2021: €40k 2022: €30k 2023: €14k 2024: €1k

2018 → 2025

Total assets

€4k▼ 76.3%

2024 · €16k

2018: €20k 2019: €26k 2020: €35k 2021: €68k 2022: €52k 2023: €33k 2024: €16k

2018 → 2025

Net result

€-8k▲ 39.5%

2024 · €-12k

2018: €9k 2019: €8k 2020: €10k 2021: €21k 2022: €-9k 2023: €-17k 2024: €-12k

2018 → 2025

Working capital

€-6k▼ 3,432%

2024 · €-171

2018: €-5k 2019: €-1k 2020: €11k 2021: €29k 2022: €14k 2023: €1k 2024: €-171

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€40k-€30k▼ 23.2%€14k▼ 54.5%€1k▼ 89.4%€-6k

Operating result€28k-€-8k€-16k▼ 105%€-12k▲ 23.3%€-7k▲ 39.5%

Net result€21k-€-9k€-17k▼ 81.0%€-12k▲ 25.5%€-8k▲ 39.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €7k in 2025 against €12k in 2024; the loss shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-7k▲

2024 · €-11k

Cash flow

€-8k▲

2024 · €-11k

Interest coverage

-33.39▲

2024 · -33.46

Debt

€10k▼

2024 · €15k

Debt ≤ 1 year

€10k▼

2024 · €14k

Income taxes

€0▼

2024 · €28

Ratios withheld: a balance sheet total of €4k is too small for a meaningful ratio.

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€16k€4k▼

Fixed assets21/28€3k€0▼

Tangible fixed assets22/27€3k€0▼

Plant, machinery and equipment23€525€0▼

Furniture and vehicles24€2k€0▼

Other tangible fixed assets26€0-

Current assets29/58€14k€4k▼

Amounts receivable within one year40/41€7k€4k▼

Trade receivables40€7k€4k▼

Other amounts receivable41€0€231▲

Cash at bank and in hand54/58€7k€0▼

Deferred charges and accrued income490/1€0-

Equity and liabilities

Total equity and liabilities10/49€16k€4k▼

Equity10/15€1k€-6k▼

Contributions10/11€19k€19k=

Reserves13€6k€6k=

Distributable reserves133€6k€6k=

Profit (loss) carried forward14€-24k€-31k▼

Amounts payable17/49€15k€10k▼

Amounts payable within one year42/48€14k€10k▼

Financial debts43-€4

Credit institutions430/8-€4

Trade debts44€12k€5k▼

Suppliers440/4€12k€5k▼

Taxes, remuneration and social security45€956€28▼

Taxes450/3€956€28▼

Other amounts payable47/48€306€5k▲

Accrued charges and deferred income492/3€1k€0▼

Income statement Code20242025

Non-recurring operating income76A€2k€1k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€0▼

Other operating charges640/8€671€599▼

Non-recurring operating charges66A€1k€938▼

Gross operating margin9900€-9k€-6k▲

Operating profit (loss)9901€-12k€-7k▲

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€316€218▼

Recurring financial charges65€316€218▼

Profit (loss) for the period before taxes9903€-12k€-8k▲

Income taxes67/77€28€0▼

Profit (loss) for the period9904€-12k€-8k▲

Profit (loss) for the period to be appropriated9905€-12k€-8k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-24k€-31k▼

Profit (loss) brought forward from the previous period14P€-11k€-24k▼

Transfer from equity791/2€0-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

15-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

11-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 42 days late

2023

31-12

Financial Weakest financial yearnet €-17k

Net result drops to €-17k, the lowest in the series; recovery starts the following year.

30-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 61 days late

2022

22-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 22 days late

2021

31-12

Financial Highest result since 2018net €21k ▲97.3%

Operating result €28k, net result €21k, both a record.

29-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-04

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

09-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

12-04

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

04-04

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Kortrijk · 1 establishment unit since 2013

establishment The establishment unit on the map

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.

Izegemsestraat(Kor) 888500 Kortrijk

Ground area

1,492 m²

Building footprint

181 m²

Volume, LiDAR

1,086 m³

2 parcels, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

OLLIWOODS

Wolvenstraat(Kor) 2, 8500 KortrijkManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20132.222.135.386

2 parcels

Flanders 2 (100%)