ORTHO CONSTRUCT
ActiveSummary
ORTHO CONSTRUCT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.60M and a net result of €49k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 64% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability57▲+7
Solvency73▼-3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.04 in 2023; short-term debt: 44.8% and cash: 0.1% of total assets), and 52.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
47.9%
Return on assets
1.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
44 d early
2023
on the day
2022
4 d early
2021
2 d early
2020
30 d late
2019
on the day
2018
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.60M▲ 3.2%
2023 · €1.56M
2019: €1.58M
2020: €1.56M▼ -1.3% vs 2019
2021: €1.55M▼ -1.1% vs 2020
2022: €1.52M▼ -1.9% vs 2021lowest in 6 years
2023: €1.56M▲ +2.5% vs 2022
2024: €1.60M▲ +3.2% vs 2023highest in 6 years
2019 → 2024
Total assets
€3.35M▲ 9.4%
2023 · €3.06M
2019: €3.49Mhighest in 6 years
2020: €3.48M▼ -0.4% vs 2019
2021: €3.44M▼ -1.1% vs 2020
2022: €3.19M▼ -7.2% vs 2021
2023: €3.06M▼ -4.1% vs 2022lowest in 6 years
2024: €3.35M▲ +9.4% vs 2023
2019 → 2024
Net result
€49k▲ 27.3%
2023 · €39k
2019: €-97klowest in 6 years
2020: €-20k▲ +79.0% vs 2019
2021: €-17k▲ +18.3% vs 2020
2022: €-29k▼ -75.8% vs 2021
2023: €39k▲ +231% vs 2022
2024: €49k▲ +27.3% vs 2023highest in 6 years
2019 → 2024
Working capital
€-1.43M▼ 29.3%
2023 · €-1.10M
2019: €-1.24M
2020: €-1.28M▼ -3.0% vs 2019
2021: €-1.26M▲ +1.5% vs 2020
2022: €-1.15M▲ +8.9% vs 2021
2023: €-1.10M▲ +3.6% vs 2022highest in 6 years
2024: €-1.43M▼ -29.3% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.56M-€1.55M▼ 1.1%€1.52M▼ 1.9%€1.56M▲ 2.5%€1.60M▲ 3.2%
2020: €1.56M
2021: €1.55M▼ -1.1% vs 2020
2022: €1.52M▼ -1.9% vs 2021lowest in 5 years
2023: €1.56M▲ +2.5% vs 2022
2024: €1.60M▲ +3.2% vs 2023highest in 5 years
Operating result€11k-€13k▲ 18.4%€669▼ 95.0%€65k▲ 9,548%€80k▲ 24.7%
2020: €11k
2021: €13k▲ +18.4% vs 2020
2022: €669▼ -95.0% vs 2021lowest in 5 years
2023: €65k▲ +9548% vs 2022
2024: €80k▲ +24.7% vs 2023highest in 5 years
Net result€-20k-€-17k▲ 18.3%€-29k▼ 75.8%€39k€49k▲ 27.3%
2020: €-20k
2021: €-17k▲ +18.3% vs 2020
2022: €-29k▼ -75.8% vs 2021lowest in 5 years
2023: €39k▲ +231% vs 2022
2024: €49k▲ +27.3% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 25% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.35M
Fixed assets
€3.28M ▲ 8.7%
Current assets
€72k ▲ 51.6%
Equity and liabilities €3.35M
Equity
€1.60M ▲ 3.2%
Debt
€1.75M ▲ 15.9%
Debt's share of the balance-sheet total rises from 49.2% to 52.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€138k▲
2023 · €93k
Cash flow
€107k▲
2023 · €67k
Current ratio
0.05▲
2023 · 0.04
Debt to equity
1.09▲
2023 · 0.97
ROE
3.1%▲
2023 · 2.5%
ROA
1.5%▲
2023 · 1.3%
Interest coverage
4.36▲
2023 · 3.59
Debt ≤ 1 year
€1.50M▲
2023 · €1.15M
Debt > 1 year
€237k▼
2023 · €275k
Staff costs
€306k▲
2023 · €193k
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.06M€3.35M▲
Fixed assets21/28€3.01M€3.28M▲
Tangible fixed assets22/27€3.01M€3.28M▲
Land and buildings22€3.00M€3.27M▲
Furniture and vehicles24€10k€10k▼
Current assets29/58€47k€72k▲
Amounts receivable within one year40/41€47k€70k▲
Trade receivables40€47k€70k▲
Cash at bank and in hand54/58€352€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.06M€3.35M▲
Equity10/15€1.56M€1.60M▲
Contributions10/11€37k€37k=
Revaluation surpluses12€2.43M€2.43M=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k-
Reserves not available under the articles1311€4k-
Distributable reserves133-€4k
Profit (loss) carried forward14€-920k€-871k▲
Amounts payable17/49€1.51M€1.75M▲
Amounts payable after more than one year17€275k€237k▼
Financial debts170/4€275k€237k▼
Amounts payable within one year42/48€1.15M€1.50M▲
Current portion of amounts payable after more than one year42-€23k
Financial debts43€140k€136k▼
Credit institutions430/8€140k€136k▼
Trade debts44€13k€9k▼
Suppliers440/4€13k€9k▼
Taxes, remuneration and social security45€17k€17k▼
Taxes450/3€11k€12k▲
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€981k€1.31M▲
Accrued charges and deferred income492/3€80k€10k▼
Income statement
Code20232024
Remuneration, social security and pensions62€193k€306k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€58k▲
Other operating charges640/8€14k€26k▲
Gross operating margin9900€301k€470k▲
Operating profit (loss)9901€65k€80k▲
Financial income75/76B€10€389▲
Recurring financial income75€10€389▲
Financial charges65/66B€26k€32k▲
Recurring financial charges65€26k€32k▲
Profit (loss) for the period before taxes9903€39k€49k▲
Profit (loss) for the period9904€39k€49k▲
Profit (loss) for the period to be appropriated9905€39k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-920k€-871k▲
Profit (loss) brought forward from the previous period14P€-958k€-920k▲
Social balance
Average headcount (FTE)9087-3.5
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €157k | €193k | €306k | ▲ 58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €64k | €75k | €29k | €58k | ▲ 102% |
| Other operating charges640/8 | - | - | €14k | €14k | €26k | ▲ 88.0% |
| Gross operating margin9900 | €163k | €234k | €246k | €301k | €470k | ▲ 56.5% |
| Operating profit (loss)9901 | €11k | €13k | €669 | €65k | €80k | ▲ 24.7% |
| Financial income75/76B | - | - | €132 | €10 | €389 | ▲ 3,615% |
| Recurring financial income75 | - | €230 | €132 | €10 | €389 | ▲ 3,615% |
| Financial charges65/66B | - | - | €30k | €26k | €32k | ▲ 22.3% |
| Recurring financial charges65 | €32k | €30k | €30k | €26k | €32k | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | €-20k | €-17k | €-29k | €39k | €49k | ▲ 27.3% |
| Income taxes67/77 | €170 | €145 | €147 | - | - | - |
| Profit (loss) for the period9904 | €-20k | €-17k | €-29k | €39k | €49k | ▲ 27.3% |
| Profit (loss) for the period to be appropriated9905 | €-20k | €-17k | €-29k | €39k | €49k | ▲ 27.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.48M | €3.44M | €3.19M | €3.06M | €3.35M | ▲ 9.4% |
| Fixed assets21/28 | €3.45M | €3.39M | €3.13M | €3.01M | €3.28M | ▲ 8.7% |
| Tangible fixed assets22/27 | €3.45M | €3.39M | €3.13M | €3.01M | €3.28M | ▲ 8.7% |
| Land and buildings22 | - | - | €3.11M | €3.00M | €3.27M | ▲ 8.8% |
| Furniture and vehicles24 | - | - | €11k | €10k | €10k | ▼ 2.0% |
| Current assets29/58 | €25k | €48k | €66k | €47k | €72k | ▲ 51.6% |
| Amounts receivable within one year40/41 | €25k | €46k | €58k | €47k | €70k | ▲ 48.2% |
| Trade receivables40 | - | - | €58k | €47k | €70k | ▲ 48.2% |
| Cash at bank and in hand54/58 | - | €3k | €7k | €352 | €2k | ▲ 498% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.48M | €3.44M | €3.19M | €3.06M | €3.35M | ▲ 9.4% |
| Equity10/15 | €1.56M | €1.55M | €1.52M | €1.56M | €1.60M | ▲ 3.2% |
| Contributions10/11 | €37k | €37k | €37k | €37k | €37k | = |
| Revaluation surpluses12 | - | - | €2.43M | €2.43M | €2.43M | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | - | €4k | €4k | - | - |
| Reserves not available under the articles1311 | - | - | €4k | €4k | - | - |
| Distributable reserves133 | - | - | - | - | €4k | - |
| Profit (loss) carried forward14 | €-912k | €-929k | €-958k | €-920k | €-871k | ▲ 5.3% |
| Amounts payable17/49 | €1.91M | €1.89M | €1.67M | €1.51M | €1.75M | ▲ 15.9% |
| Amounts payable after more than one year17 | €420k | €397k | €275k | €275k | €237k | ▼ 14.0% |
| Financial debts170/4 | - | - | €275k | €275k | €237k | ▼ 14.0% |
| Amounts payable within one year42/48 | €1.30M | €1.31M | €1.21M | €1.15M | €1.50M | ▲ 30.2% |
| Current portion of amounts payable after more than one year42 | - | - | €2k | - | €23k | - |
| Financial debts43 | - | - | €136k | €140k | €136k | ▼ 3.2% |
| Credit institutions430/8 | - | - | €136k | €140k | €136k | ▼ 3.2% |
| Trade debts44 | €27k | €33k | €19k | €13k | €9k | ▼ 34.4% |
| Suppliers440/4 | - | - | €19k | €13k | €9k | ▼ 34.4% |
| Taxes, remuneration and social security45 | - | - | €15k | €17k | €17k | ▼ 1.0% |
| Taxes450/3 | - | - | €9k | €11k | €12k | ▲ 6.5% |
| Remuneration and social security454/9 | - | - | €6k | €6k | €5k | ▼ 14.5% |
| Other amounts payable47/48 | - | - | €1.04M | €981k | €1.31M | ▲ 34.0% |
| Accrued charges and deferred income492/3 | - | - | €188k | €80k | €10k | ▼ 88.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €-17k | €-29k | €39k | €49k | ▲ 27.3% |
| + Depreciation and write-downs630 | €8k | €64k | €75k | €29k | €58k | ▲ 102% |
| Operating cash flow (approximation) | €-12k | €48k | €45k | €67k | €107k | ▲ 59.1% |
| Investment in fixed assets (approximation) | - | €-3k | €190k | €82k | €-321k | ▼ 491% |
| Change in cash | - | - | €5k | €-7k | €2k | ▲ 125% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €49k ▲27.3%
Operating result €80k, net result €49k, both a record.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €39k
Net result €39k after 4 loss-making years.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2015
05-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Leuven · 1 establishment unit since 1990
Ground area
932 m²
Building footprint
575 m²
Volume, LiDAR
5,804 m³
2 parcels, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SPORT-CARE
since 19902.050.110.242
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0059/00Z003 | Flanders | 470 m² | 1 · 116 m² | 18.8 m · 5 fl. |
| 24433E0056/00H003 | Flanders | 462 m² | 1 · 459 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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. 502 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
Founded19-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.