ORGAVERT

Active

Private limited company (pre-2019)founded 201115 yrs activeChemin du Bois des Dames 1/A4, 1310 La Hulpe, BelgiumKBO/BCE: BE 0839.493.527

Summary

ORGAVERT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58k and a net result of €15k. Its solvency ranks better than 63% of 514 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2021

Profitability73▼-27

Solvency81▲+26

Growth52

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity ample (current ratio 1.96 against 1.49 in 2021; short-term debt: 42.5% and cash: 10.8% of total assets), and 44% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 88

Relative position

BE, all sectors

reference

Sector 88

lower

← 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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

56%

Return on assets

14.4%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-11-2025, 113 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

113 d late

2021

74 d late

2020

37 d early

2019

47 d late

2018

64 d late

2017

127 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, full schema, statutory accounts

Turnover

€273k

EBIT margin

7.6%

Net result

€15k▼ 28.0%

2021 · €21k

2021: €21k

2021 → 2024

Working capital

€42k▲ 146%

2021 · €17k

2021: €17k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212024Trend

Turnover€273k-

Equity€15k-€58k▲ 275%

Operating result€21k-€18k▼ 11.3%

Net result€21k-€15k▼ 28.0%

Result per fiscal year

Operating resultNet result

The operating result is €18k in 2024, compared with €21k in 2021. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2024 in colour, 2021 as the grey bar beneath

Assets €103k

17.0%

83.0%

Fixed assets €18k

Current assets €85k

Equity and liabilities €103k

56.0%

44.0%

Equity €58k ▲ 275%

Debt €45k ▲ 24.4%

Debt's share of the balance-sheet total falls from 70.3% to 44.0%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2021

Current ratio

1.96▲

2021 · 1.49

Quick ratio

1.94▲

2021 · 1.47

Debt to equity

0.78▼

2021 · 2.36

ROE

25.7%▼

2021 · 133.7%

ROA

14.4%▼

2021 · 39.7%

Debt ≤ 1 year

€44k▲

2021 · €35k

Debt > 1 year

€2k=

2021 · €2k

Income taxes

€3k▲

2021 · €56

Staff costs

€165k▲

2021 · €40k

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 2021 · 44 lines

Balance sheet Code20212024

Assets

Total assets20/58€52k€103k▲

Fixed assets21/28-€18k

Tangible fixed assets22/27-€18k

Furniture and vehicles24-€13k

Assets under construction and advance payments27-€5k

Current assets29/58€52k€85k▲

Stocks and contracts in progress3€600€600=

Stocks30/36€600€600=

Amounts receivable within one year40/41€15k€74k▲

Trade receivables40€8k€48k▲

Other amounts receivable41€7k€26k▲

Cash at bank and in hand54/58€36k€11k▼

Equity and liabilities

Total equity and liabilities10/49€52k€103k▲

Equity10/15€15k€58k▲

Contributions10/11€6k€6k=

Capital10€6k€6k=

Issued capital100€6k€6k=

Profit (loss) carried forward14€9k€52k▲

Amounts payable17/49€36k€45k▲

Amounts payable after more than one year17€2k€2k=

Advances received on contracts in progress176€2k€2k=

Amounts payable within one year42/48€35k€44k▲

Current portion of amounts payable after more than one year42€14k€3k▼

Trade debts44€15k€11k▼

Suppliers440/4€15k€11k▼

Taxes, remuneration and social security45€6k€30k▲

Taxes450/3-€1k

Remuneration and social security454/9€6k€28k▲

Income statement Code20212024

Turnover70€273k-

Goods, raw materials, services and sundry goods60/61€212k-

Remuneration, social security and pensions62€40k€165k▲

Other operating charges640/8€139€17▼

Gross operating margin9900€61k€184k▲

Operating profit (loss)9901€21k€18k▼

Financial income75/76B€22-

Recurring financial income75€22-

Financial charges65/66B€131€586▲

Recurring financial charges65€131€586▲

Profit (loss) for the period before taxes9903€21k€18k▼

Income taxes67/77€56€3k▲

Profit (loss) for the period9904€21k€15k▼

Profit (loss) for the period to be appropriated9905€21k€15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€9k€52k▲

Profit (loss) brought forward from the previous period14P€-11k€37k▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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