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OLYMBIA

Active
Private limited companyfounded 2004active for 22 yearsRue Neuve,Ste-Cécile 1, 6820 Florenville, BelgiumKBO/BCE: BE 0865.023.333
Summary

The annual accounts of OLYMBIA for financial year 2025 show a net loss of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €87,822 and a net result of -€57,802. Equity is growing by about 4.5% per year across the filed financial years. Its solvency ranks better than 49% of 1,587 sector peers (NACE 55, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Hotels and similar accommodation
NACE 55100Full-service restaurants NACE 56111
8th oldest company in Florenville, Accommodation and food service sector1 site
Size
€490,527total assets 2025
Staff
1.6 FTE
Equity
€87,822
Loss
-€57,802
Turnover not published (micro format)
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Accounts 43 days early1 of 4 deeds read
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €57,802, the second in a row (financial year 2025)Equity €87,822 (17.9% of total assets)lowers riskSize: total assets €490,527Founded in 2004Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 40% of its sector peers (NACE 55, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 43+2
equity 17.9% of total assets
Liquidity 18-3
short-term debt 66.2% · cash 2.7%
Profitability 34-14
return on assets -11.8%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,515 companies, NACE 55, micro)
Last 24 months 11-2024: 3.9%highest value 12-2024: 3.9%● unchanged vs 11-2024highest value 01-2025: 3.9%● unchanged vs 12-2024highest value 02-2025: 0.4%▼ -3.5 percentage points vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025lowest value 04-2025: 0.4%● unchanged vs 03-2025lowest value 05-2025: 0.4%● unchanged vs 04-2025lowest value 06-2025: 0.4%● unchanged vs 05-2025lowest value 07-2025: 0.4%● unchanged vs 06-2025lowest value 08-2025: 0.4%● unchanged vs 07-2025lowest value 09-2025: 0.4%● unchanged vs 08-2025lowest value 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.7%▲ +0.3 percentage points vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €4,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.38, compared with 0.35 in 2024, below 1; short-term debt: 66.2% and cash: 2.7% of total assets), and 82.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro): better than 46% on solvency, 17% on liquidity, 29% on profitability and 69% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €57,802, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €490,527
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Equity €87,822 (17.9% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
24 days early
2022
28 days late
2021
27 days early
2020
26 days late
2019
25 days late
2018
34 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 7 January (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end23-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€57,802
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: Among the weakest 8% on net resultsector median €2,144 · 1,589 companies -€57,802 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€57,802 View
  • Board3 directors in office 3 View

By topic

Financials

Financial year
2025
Total assets
€490,527
Loss
-€57,802
Solvency
17.9%
Total assets▼ 1.4%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
  • Elefterios COTSOGLOUDirector
  • Héloïse Hélène BARTHELEMIDirector
  • Panagiotis COTSOGLOUDirector
Go to Board & ownership

Timeline

Events
21
Since
2008
Next accounts
by 31-01-2027
  1. 06-01-2025Appointments: Panagiotis COTSOGLOU, Elefterios COTSOGLOU and Héloïse…
  2. 28-02-2023Annual accounts filed
  3. 04-01-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Hotels and similar accommodationNACE 55100
Founded
29-04-2004
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Annual meeting
First Monday of December at 14:00
Purpose
“Toutes opérations au commerce et à l’exploitation d’un restaurant-taverne et/ou d’un…” (deed in French)
Go to Articles of association

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