ONYX Development
ActiveSummary
ONYX Development has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38k and a net result of €21k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-7
Solvency43▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.32 in 2023; short-term debt: 69.5% and cash: 1.1% of total assets), and 81.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
18.3%
Return on assets
10.2%
Age of the figures
22 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 25-06-2025, 5 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
5 d early
2023
10 d late
2022
10 d early
2021
2 d early
2020
33 d early
2018
33 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€38k▲ 3.2%
2023 · €37k
2018: €-85klowest value
2020: €29k
2021: €34k▲ +16.6% vs 2020
2022: €35k▲ +5.6% vs 2021
2023: €37k▲ +3.5% vs 2022
2024: €38k▲ +3.2% vs 2023highest value
2018 → 2024
Total assets
€207k▼ 5.4%
2023 · €219k
2018: €48klowest value
2020: €212k
2021: €124k▼ -41.4% vs 2020
2022: €252k▲ +103% vs 2021highest value
2023: €219k▼ -13.0% vs 2022
2024: €207k▼ -5.4% vs 2023
2018 → 2024
Net result
€21k▼ 41.6%
2023 · €36k
2018: €40k
2020: €214khighest value
2021: €20k▼ -90.8% vs 2020lowest value
2022: €42k▲ +112% vs 2021
2023: €36k▼ -13.4% vs 2022
2024: €21k▼ -41.6% vs 2023
2018 → 2024
Working capital
€52k▲ 3.0%
2023 · €50k
2018: €-83klowest value
2020: €21k
2021: €30k▲ +40.1% vs 2020
2022: €44k▲ +48.2% vs 2021
2023: €50k▲ +14.3% vs 2022
2024: €52k▲ +3.0% vs 2023highest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€29k-€34k▲ 16.6%€35k▲ 5.6%€37k▲ 3.5%€38k▲ 3.2%
2020: €29klowest in 5 years
2021: €34k▲ +16.6% vs 2020
2022: €35k▲ +5.6% vs 2021
2023: €37k▲ +3.5% vs 2022
2024: €38k▲ +3.2% vs 2023highest in 5 years
Operating result€220k-€22k▼ 90.0%€45k▲ 103%€38k▼ 16.3%€16k▼ 58.4%
2020: €220khighest in 5 years
2021: €22k▼ -90.0% vs 2020
2022: €45k▲ +103% vs 2021
2023: €38k▼ -16.3% vs 2022
2024: €16k▼ -58.4% vs 2023lowest in 5 years
Net result€214k-€20k▼ 90.8%€42k▲ 112%€36k▼ 13.4%€21k▼ 41.6%
2020: €214khighest in 5 years
2021: €20k▼ -90.8% vs 2020lowest in 5 years
2022: €42k▲ +112% vs 2021
2023: €36k▼ -13.4% vs 2022
2024: €21k▼ -41.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 58% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207k
Fixed assets
€12k ▼ 8.6%
Current assets
€196k ▼ 5.2%
Equity and liabilities €207k
Equity
€38k ▲ 3.2%
Debt
€169k ▼ 7.1%
Debt's share of the balance-sheet total falls from 83.3% to 81.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2023 · €45k
Cash flow
€22k▼
2023 · €44k
Current ratio
1.36▲
2023 · 1.32
Debt to equity
4.48▼
2023 · 4.98
ROE
55.9%▼
2023 · 98.9%
ROA
10.2%▼
2023 · 16.5%
Interest coverage
100.17▲
2023 · 14.68
Debt ≤ 1 year
€144k▼
2023 · €156k
Income taxes
€678
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 · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€219k€207k▼
Fixed assets21/28€13k€12k▼
Tangible fixed assets22/27€13k€12k▼
Furniture and vehicles24€13k€12k▼
Current assets29/58€207k€196k▼
Amounts receivable within one year40/41€198k€187k▼
Trade receivables40€101k€55k▼
Other amounts receivable41€97k€133k▲
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€219k€207k▼
Equity10/15€37k€38k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€17k€18k▲
Amounts payable17/49€182k€169k▼
Amounts payable within one year42/48€156k€144k▼
Trade debts44€119k€78k▼
Suppliers440/4€119k€78k▼
Taxes, remuneration and social security45€3k€675▼
Taxes450/3€3k€675▼
Other amounts payable47/48€35k€65k▲
Accrued charges and deferred income492/3€26k€25k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€1k▼
Other operating charges640/8€352€2k▲
Gross operating margin9900€45k€19k▼
Operating profit (loss)9901€38k€16k▼
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€3k€167▼
Recurring financial charges65€3k€167▼
Profit (loss) for the period before taxes9903€38k€22k▼
Transfer to deferred taxes680€2k-
Income taxes67/77-€678
Profit (loss) for the period9904€36k€21k▼
Profit (loss) for the period to be appropriated9905€36k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€38k▼
Profit (loss) brought forward from the previous period14P€15k€17k▲
Profit to be distributed694/7€35k€20k▼
Directors or managers695€35k€20k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €8k | €7k | €7k | €1k | ▼ 85.2% |
| Other operating charges640/8 | - | €513 | €546 | €352 | €2k | ▲ 473% |
| Gross operating margin9900 | €237k | €31k | €53k | €45k | €19k | ▼ 58.6% |
| Operating profit (loss)9901 | €220k | €22k | €45k | €38k | €16k | ▼ 58.4% |
| Financial income75/76B | - | €870 | €3 | €4k | €6k | ▲ 72.8% |
| Recurring financial income75 | - | €870 | €3 | €4k | €6k | ▲ 72.8% |
| Financial charges65/66B | - | €142 | €128 | €3k | €167 | ▼ 94.6% |
| Recurring financial charges65 | €460 | €142 | €128 | €3k | €167 | ▼ 94.6% |
| Profit (loss) for the period before taxes9903 | €220k | €23k | €45k | €38k | €22k | ▼ 42.8% |
| Transfer to deferred taxes680 | - | - | - | €2k | - | - |
| Income taxes67/77 | €6k | €3k | €3k | - | €678 | - |
| Profit (loss) for the period9904 | €214k | €20k | €42k | €36k | €21k | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €214k | €20k | €42k | €36k | €21k | ▼ 41.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212k | €124k | €252k | €219k | €207k | ▼ 5.4% |
| Fixed assets21/28 | €33k | €27k | €20k | €13k | €12k | ▼ 8.6% |
| Tangible fixed assets22/27 | €33k | €27k | €20k | €13k | €12k | ▼ 8.6% |
| Furniture and vehicles24 | - | €27k | €20k | €13k | €12k | ▼ 8.6% |
| Current assets29/58 | €179k | €97k | €232k | €207k | €196k | ▼ 5.2% |
| Amounts receivable within one year40/41 | €73k | €79k | €204k | €198k | €187k | ▼ 5.5% |
| Trade receivables40 | - | €10k | €100k | €101k | €55k | ▼ 46.0% |
| Other amounts receivable41 | - | €69k | €104k | €97k | €133k | ▲ 37.0% |
| Cash at bank and in hand54/58 | €106k | €17k | €26k | €5k | €2k | ▼ 58.7% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €3k | €6k | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212k | €124k | €252k | €219k | €207k | ▼ 5.4% |
| Equity10/15 | €29k | €34k | €35k | €37k | €38k | ▲ 3.2% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €9k | €14k | €15k | €17k | €18k | ▲ 7.0% |
| Amounts payable17/49 | €183k | €91k | €216k | €182k | €169k | ▼ 7.1% |
| Amounts payable within one year42/48 | €158k | €67k | €188k | €156k | €144k | ▼ 7.8% |
| Trade debts44 | €303 | - | €80k | €119k | €78k | ▼ 33.8% |
| Suppliers440/4 | - | - | €80k | €119k | €78k | ▼ 33.8% |
| Taxes, remuneration and social security45 | - | €3k | €3k | €3k | €675 | ▼ 76.6% |
| Taxes450/3 | - | €3k | €3k | €3k | €675 | ▼ 76.6% |
| Other amounts payable47/48 | - | €64k | €105k | €35k | €65k | ▲ 85.7% |
| Accrued charges and deferred income492/3 | - | €23k | €28k | €26k | €25k | ▼ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €214k | €20k | €42k | €36k | €21k | ▼ 41.6% |
| + Depreciation and write-downs630 | €15k | €8k | €7k | €7k | €1k | ▼ 85.2% |
| Operating cash flow (approximation) | €229k | €28k | €49k | €44k | €22k | ▼ 49.0% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €0 | - |
| Change in cash | - | €-89k | €9k | €-21k | €-3k | ▲ 84.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-11
Financial
Weakest financial yearnet €20k ▼90.8%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Highest result since 2018net €214k ▲432%
Operating result €220k, net result €214k, both a record.
30-11
Financial
Liquidity triplescurrent ratio 1.13
Current ratio from 0.37 to 1.13.
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Putte · 1 establishment unit since 2016
Ground area
2,880 m²
Building footprint
339 m²
Volume, LiDAR
2,008 m³
Parcel 12001B0045/00V003, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
DE VOS & VERREYDT
since 20162.252.581.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001B0045/00V003 | Flanders | 2,880 m² | 1 · 339 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 436 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-03-2016
Fiscal year end30-11
Activities, NACEBEL 2025
68122Development of non-residential building projects
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.