ORSO INTERNATIONAL
ActiveSummary
ORSO INTERNATIONAL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 40% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-12
Solvency59▲+2
Growth52▼-6
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.16 in 2024; short-term debt: 32.6% and cash: 3.1% of total assets), and 65.6% of the assets are financed with debt.
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○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.4%
Return on assets
1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €270k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
28 d early
2022
35 d early
2021
11 d early
2020
9 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€270k▲ 2.9%
2024 · €262k
2018: €265k
2019: €285k
2020: €289k
2021: €186k
2022: €205k
2023: €237k
2024: €262k
2018 → 2025
Total assets
€784k▼ 3.7%
2024 · €815k
2018: €467k
2019: €476k
2020: €893k
2021: €713k
2022: €836k
2023: €823k
2024: €815k
2018 → 2025
Net result
€8k▼ 69.5%
2024 · €25k
2018: €20k
2019: €20k
2020: €4k
2021: €-103k
2022: €19k
2023: €32k
2024: €25k
2018 → 2025
Working capital
€-215k▲ 7.0%
2024 · €-231k
2018: €-159k
2019: €-166k
2020: €-316k
2021: €-291k
2022: €-243k
2023: €-263k
2024: €-231k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€205k▲ 10.4%€237k▲ 15.5%€262k▲ 10.7%€270k▲ 2.9%
Operating result€34k-€41k▲ 19.6%€70k▲ 71.9%€56k▼ 20.3%€34k▼ 40.0%
Net result€-103k-€19k€32k▲ 64.7%€25k▼ 20.6%€8k▼ 69.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €784k
Fixed assets
€743k ▼ 3.5%
Current assets
€41k ▼ 8.0%
Equity and liabilities €784k
Equity
€270k ▲ 2.9%
Debt
€514k ▼ 6.9%
Debt's share of the balance-sheet total falls from 67.8% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▼
2024 · €83k
Cash flow
€35k▼
2024 · €52k
Current ratio
0.16▼
2024 · 0.16
Debt to equity
1.90▼
2024 · 2.11
ROE
2.9%▼
2024 · 9.7%
ROA
1.0%▼
2024 · 3.1%
Interest coverage
2.67▼
2024 · 3.81
Debt ≤ 1 year
€256k▼
2024 · €276k
Debt > 1 year
€201k▼
2024 · €234k
Income taxes
€3k▼
2024 · €9k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€815k€784k▼
Fixed assets21/28€770k€743k▼
Intangible fixed assets21€10k€10k=
Tangible fixed assets22/27€761k€734k▼
Land and buildings22€760k€733k▼
Other tangible fixed assets26€868€434▼
Current assets29/58€44k€41k▼
Amounts receivable within one year40/41€20k€16k▼
Trade receivables40€18k€1k▼
Other amounts receivable41€3k€15k▲
Cash at bank and in hand54/58€24k€24k▲
Equity and liabilities
Total equity and liabilities10/49€815k€784k▼
Equity10/15€262k€270k▲
Contributions10/11€14k€12k▼
Reserves13€248k€258k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133€248k€256k▲
Amounts payable17/49€552k€514k▼
Amounts payable after more than one year17€234k€201k▼
Financial debts170/4€234k€201k▼
Amounts payable within one year42/48€276k€256k▼
Current portion of amounts payable after more than one year42€33k€33k▲
Financial debts43€3k€3k▼
Credit institutions430/8€3k€3k▼
Trade debts44€9k€1k▼
Suppliers440/4€9k€1k▼
Taxes, remuneration and social security45€3k-
Taxes450/3€3k-
Other amounts payable47/48€228k€219k▼
Accrued charges and deferred income492/3€43k€58k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k=
Other operating charges640/8€4k€5k▲
Gross operating margin9900€87k€65k▼
Operating profit (loss)9901€56k€34k▼
Financial charges65/66B€22k€23k▲
Recurring financial charges65€22k€23k▲
Profit (loss) for the period before taxes9903€34k€11k▼
Income taxes67/77€9k€3k▼
Profit (loss) for the period9904€25k€8k▼
Profit (loss) for the period to be appropriated9905€25k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€8k▼
Transfer to equity691/2€25k€8k▼
To other reserves6921€25k€8k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €32k ▲64.7%
Operating result €70k, net result €32k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Equity above €200kEq €205k ▲10.4%
Equity rises from €186k to €205k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-103k ▼2412%
Net result drops to €-103k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kapellen · 1 establishment unit since 2008
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.
Duinendreef 42950 KapellenGround area
6,198 m²
Building footprint
317 m²
Volume, LiDAR
1,783 m³
Parcel 11023I0180/00E037, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ORSO International
since 20082.169.647.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0180/00E037 | Flanders | 6,198 m² | 1 · 317 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,768 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
52250Logistics services
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0032496920172