ORTHO.PROGRESS
ActiveORTHO.PROGRESS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €-58k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 16527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-70
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 49.1 against 22.89 in 2024; short-term debt: 1.4% and cash: 41% of total assets), and 1.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
on the day
2022
4 d early
2021
3 d early
2020
3 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.03M▼ 5.3%
2024 · €1.09M
2019: €686k
2020: €775k
2021: €829k
2022: €959k
2023: €973k
2024: €1.09M
2019 → 2025
Total assets
€1.05M▼ 6.7%
2024 · €1.13M
2019: €1.09M
2020: €1.04M
2021: €1.02M
2022: €1.09M
2023: €997k
2024: €1.13M
2019 → 2025
Net result
€-58k
2024 · €120k
2019: €129k
2020: €89k
2021: €53k
2022: €131k
2023: €14k
2024: €120k
2019 → 2025
Working capital
€699k▲ 0.3%
2024 · €697k
2019: €-218k
2020: €-47k
2021: €113k
2022: €350k
2023: €437k
2024: €697k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€829k-€959k▲ 15.8%€973k▲ 1.5%€1.09M▲ 12.3%€1.03M▼ 5.3%
Operating result€152k-€208k▲ 36.8%€23k▼ 88.8%€176k▲ 653%€-63k
Net result€53k-€131k▲ 146%€14k▼ 89.2%€120k▲ 746%€-58k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €63k after €176k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€336k▼ 15.2%
Current assets
€714k▼ 2.1%
Equity and liabilities €1.05M
Equity
€1.03M▼ 5.3%
Debt
€15k▼ 54.4%
The debt ratio falls from 2.8% to 1.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €238k
Cash flow
€2k▼
2024 · €182k
Solvency
98.6%▲
2024 · 97.2%
Current ratio
49.10▲
2024 · 22.89
Quick ratio
49.10▲
2024 · 22.89
Debt / equity
0.01▼
2024 · 0.03
ROE
-5.6%▼
2024 · 11.0%
ROA
-5.6%▼
2024 · 10.7%
Interest coverage
-66.55▼
2024 · 270.90
Debt
€15k▼
2024 · €32k
Debt ≤ 1 year
€15k▼
2024 · €32k
Income taxes
€0▼
2024 · €57k
Staff costs
€0▲
2024 · €-701
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.13M€1.05M▼
Fixed assets21/28€396k€336k▼
Tangible fixed assets22/27€396k€336k▼
Land and buildings22€392k€333k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€4k€3k▼
Current assets29/58€729k€714k▼
Amounts receivable within one year40/41€28k€81k▲
Trade receivables40€13k€13k=
Other amounts receivable41€16k€69k▲
Current investments50/53€200k€200k=
Cash at bank and in hand54/58€501k€431k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.05M▼
Equity10/15€1.09M€1.03M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.03M€973k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1.01M€947k▼
Amounts payable17/49€32k€15k▼
Amounts payable within one year42/48€32k€15k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Taxes, remuneration and social security45€26k€0▼
Taxes450/3€26k€0▼
Remuneration and social security454/9€0-
Other amounts payable47/48€212€212=
Income statement
Code20242025
Non-recurring operating income76A€269k€0▼
Remuneration, social security and pensions62€-701€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€60k▼
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€13k€0▼
Gross operating margin9900€255k€1k▼
Operating profit (loss)9901€176k€-63k▼
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€5k▲
Financial charges65/66B€878€46▼
Recurring financial charges65€878€46▼
Profit (loss) for the period before taxes9903€177k€-58k▼
Income taxes67/77€57k€0▼
Profit (loss) for the period9904€120k€-58k▼
Profit (loss) for the period to be appropriated9905€120k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€120k€-58k▼
Transfer from equity791/2-€58k
Transfer to equity691/2€120k€0▼
To other reserves6921€120k€0▼
The notes to these accounts (5 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-58k ▼149%
Net result drops to €-58k, the lowest in the series.
30-06
Financial
Liquidity doublescurrent ratio 49.10
Current ratio from 22.89 to 49.10; short-term debt falls from €32k to €15k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €1MEq €1.09M ▲12.3%
6 profitable years in a row build equity to €1.09M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity times 5current ratio 19.55
Current ratio from 4.07 to 19.55; short-term debt falls from €114k to €24k.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €131k ▲146%
Operating result €208k, net result €131k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 4.07
Current ratio from 1.71 to 4.07; short-term debt falls from €160k to €114k.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Liquidity doublescurrent ratio 1.71
Current ratio from 0.77 to 1.71; short-term debt falls from €210k to €160k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
05-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
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
7 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, Wevelgem · 1 establishment unit since 1994
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.
Oude Ieperstraat 26/288560 WevelgemGround area
4,435 m²
Building footprint
586 m²
Volume, LiDAR
3,132 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oude Ieperstraat 24/26, 8560 Wevelgem
since 19942.065.483.653
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0385/00D000 | Flanders | 2,330 m² | 1 · 212 m² | 8.6 m · 2 fl. |
| 34012C0385/00E000 | Flanders | 2,104 m² | 1 · 374 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 6,942 companies in sector 86230 we hold annual accounts for 4,291. 2,874 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-01-1994
Fiscal year end30-06
Activities, NACEBEL
86230Dental practice
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.