Operando · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

Operando is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €86k and a net result of €49k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 1211 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

3 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1211 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-04-2026, 93 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	29-04-2026	93 d early	2026-00092598
31-12-2024	31-07-2025	22-07-2025	9 d early	2025-00298987
31-12-2023	31-07-2024	26-06-2024	35 d early	2024-00202049
31-12-2022	31-07-2023	28-06-2023	33 d early	2023-00207368

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€86k0%

Net result€49k+152.9%

Total assets€820k+13.5%

Solvency10.5%-1.4pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~29.5%/year over 4 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 2025 · NACE 64, Financial services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	10.5%	47.4%	better than 20% of 1211 sector peers
Net result	€49k	€43k	better than 53% of 1210 sector peers
Equity	€86k	€85k	better than 50% of 1211 sector peers
Gross operating margin	€119k	€70k	better than 71% of 1207 sector peers
Staff costs	€0	€7k	higher than 8% of 86 sector peers

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).

Solvency P20

Stable position over 2022-2025 · n=1211-3139

Net result P53

Improving position over 2022-2025 · n=1210-3135

Equity P50

Improving position over 2022-2025 · n=1211-3140

Gross operating margin P71

Improving position over 2022-2025 · n=1207-3132

Describes the position versus peers, not a forecast.

Net profit

€49k

+152.9% 22-25

Total assets

€820k

+13.5% 22-25

Equity

€86k

0.0% 22-25

Staff costs

€0

-100.0% 22-25

Income taxes

€16k

+117.8% 22-25

Dividends

€49k

- 22-25

Debt

€734k

+15.4% 22-25

Debt ≤ 1y

€334k

+62.5% 22-25

Debt > 1y

€399k

-7.2% 22-25

Solvency

10.5%

-11.9% 22-25

ROE

56.6%

+152.9% 22-25

ROA

6.0%

+122.8% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	n/a
EBITDA	n/a
Net profit	€49k
Cash flow	n/a
Staff costs	€0
Income taxes	€16k
Dividends	€49k
Total assets	€820k
Equity	€86k
Debt	€734k
of which ≤ 1y	€334k
of which > 1y	€399k
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	10.5%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	6.0%
ROE	56.6%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €753k · 91.8% Current assets €67k · 8.2%

Equity & liabilities

Equity €86k · 10.5% Debt €734k · 89.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€820k
Fixed assets	21/28	€753k
Tangible fixed assets	22/27	€753k
Current assets	29/58	€67k
Amounts receivable within one year	40/41	€55k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€820k
Equity	10/15	€86k
Contributions / capital	10/11	€5k
Reserves	13	€81k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€734k
Amounts payable after one year	17	€399k
Amounts payable within one year	42/48	€334k
Trade debts payable within one year	44	€24k
Income statement
Gross operating margin	9900	€119k
Operating result	9901	€92k
Financial charges	65	€27k
Result before taxes	9903	€64k
Income taxes	67/77	€16k
Net result for the period	9904	€49k
Result to be appropriated	9905	€49k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Directors

Directors & mandates

2 directors

Current directors & mandates

Dominique De Caluwé
Director
State Gazette act 26072075 (05-06-2026)

Current
11-05-2026 → present

Former directors (1)

Sven Schepens
Director
State Gazette act 26072075 (05-06-2026)

Former
- → 11-05-2026

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van holdings(64210)
Legal form	Private limited company(610)
Incorporation	18-08-2022
Status	Active
Postal code	9240

Structure & network

Connections & network

1 connected company

Group structure

LANWORKS

We sit on their board · 2 locations

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

OperandoBE 0789.768.753

controls

Where this company holds controlthis company sits on their board1

LANWORKS

2 locations

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

Operando

Kamershoek 31, 9240 ZeleVakantieverblijven en andere accommodatie voor kort verblijf, neg

since 20222.335.019.434

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,602 m²

Buildings1

Building footprint244 m²

Volume (LiDAR)1,289 m³

Tallest building8.0 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.
42402C0530/00D000	Flanders	1,602 m²	1 · 244 m²	8.0 m · 2 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

2 acts

Address history · 1

05-06-2026

Seat change: to: Kamershoek 31, 9240 Zele, date: 2026-05-11, from: Albert I laan 70 bus 1.04, 8620 Nieuwpoort

All acts · 2 updated 2 months ago

2026

05-06-2026 General meeting · Officer resignation · Officer appointment · Mandate term Open-capture extraction

Filing: 2026-05-29 · Operando
General meeting: 2026-05-11 · Operando
Officer resignation: date: 2026-05-11, role: niet-statutaire bestuurder · Sven Schepens
Officer appointment: date: 2026-05-11, role: niet-statutaire bestuurder · Dominique De Caluwé
Mandate term: onbepaalde duur · Dominique De Caluwé
Mandate compensation: onbezoldigd · Dominique De Caluwé
Seat change: to: Kamershoek 31, 9240 Zele, date: 2026-05-11, from: Albert I laan 70 bus 1.04, 8620 Nieuwpoort · Operando
Permanent representative: date: 2023-03-31, role: vaste vertegenwoordiger · Dominique De Caluwé
Publication: 2026-06-05
Act object: Zetel (zetelverplaatsing) - Benoemingen - Ontslagen

Summary: General meeting · Officer resignation · Officer appointment · Mandate term

Original publication ↗

2022

22-08-2022 Incorporation of a new BV Incorporation

Summary: oprichting

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

70 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 7

Growth 78

Stability 94

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