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ORTHOPHYSICS

Active
Private limited companyfounded 2002active for 24 yearsIeperstraat 50, 8830 Hooglede, BelgiumKBO/BCE: BE 0478.254.144
Summary

ORTHOPHYSICS has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €104,558. Equity has been growing by about 2.8% per year since 2019. Its solvency ranks better than 56% of 274 sector peers (NACE 32, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 03-09-2002 Normal situation
Activity
Manufacture of medical and dental instruments and supplies NACE 32500and 8 others
Joint committee
340 Paritair Comité voor de orthopedische technologieën · annual accounts 30-06-2025
Establishment unit
2.123.211.818 8830 Hooglede, since 03-03-2003
Financial year end
30 June
Peppol
Reachable since 27-03-2026

Board and ownership

Board
  • ProtorDirector · since 15-04-2024 · permanent representative Pieter Beeuwsaert

Financial position

86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts to 30-06-2025
Gross margin
€2.1m
▲ 26.2%
Turnover
≈ €3.7m
estimated
Profit
€104,558
▲ 181%
Equity
€1.4m
▲ 8.2%
Total assets
€2.8m
▲ 1.4%
Employees on 30-06-2025
27
▲ 17.4%
  • 2025 accounts filed 2 days after the deadline
Score breakdownraises riskSize: 23.7 FTE, total assets €2.8mLiquidity: current ratio 1.64, cash €141,059lowers riskFounded in 2002Equity €1.4m (49.6% of total assets)Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 58% of small companies in other manufacturing (NACE 32)
Financial strength · tick: 2024
Strong
Solvency 75+3
equity 49.6% of total assets
Liquidity 34+5
short-term debt 45.2% · cash 5.1%
Profitability 73+3
return on assets 3.8%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (112 companies, NACE 32, small)
Last 24 months 12-2024: 0.3% 01-2025: 0.5%▲ +0.2 percentage points vs 12-2024 02-2025: 0.3%▼ -0.2 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.4%▲ +0.1 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.5%▲ +0.1 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.6%▲ +0.1 percentage points vs 12-2025 02-2026: 1.1%▲ +0.5 percentage points vs 01-2026highest value 03-2026: 0.2%▼ -0.9 percentage points vs 02-2026lowest value 04-2026: 0.2%● unchanged vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026lowest value 06-2026: 0.2%● unchanged vs 05-2026lowest value 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (1.6 in 2024), above the usual 1.5. Short-term debt is 45.2% and cash 5.1% of total assets. However, 50.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 32, small). It does better than 63% of them on solvency, 36% on liquidity, 67% on profitability and 67% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Size: 23.7 FTE, total assets €2.8m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2002
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €1.4m (49.6% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.64, cash €141,059
NBB · annual accounts
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
2 days late
2024
22 days early
2023
1 day early
2022
6 days early
2021
14 days early
2020
2 days early
2019
42 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 32), the median for financial year 2024 was 2 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 25 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end03-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €37,266 to €104,558 ▲ 181% View
  • Positive: More equity than 90% of companies in other manufacturingsector median €279,273 · 275 companies €1.4m View
  • Positive: 5 profitable years in a rowprofit 2025: €104,558 5 years View

Recent changes

  1. · Gazette deed Change of role: Protor, from manager to directorPermanent representative: Pieter Beeuwsaert
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as ORTHOPHYSICS: manufacture of medical and dental instruments and supplies (NACE 32500). They are comparable in size and age: total assets between €2.5m and €4m, founded between 1990 and 2006.

CompanyTotal assetsGross margin
ORTHOPHYSICS Hooglede€2.8m€2.1m
ORTHOPEDIE LUCAS Sint-Pieters-Woluwe€2.8m€2.0m
ORTHOPEDIE PROTECHNIK Mons€2.9m€2.2m
BEUN - DE RONDE - SERLABO Beersel€4.0m€2.2m
G.T.O. ORTHOPEDIE Charleroi€2.5m€1.4m
H & O Equipments Ath€4.0m€1.8m
CHIRURGICAL MAINTENANCE Flémalle€2.7m€1.8m
Full comparison

Key facts about ORTHOPHYSICS

What is the company number of ORTHOPHYSICS?
The company number of ORTHOPHYSICS is 0478.254.144. The VAT number is the same number with BE in front: BE 0478.254.144.
Where is ORTHOPHYSICS based?
The registered office is at Ieperstraat 50, 8830 Hooglede.Company details
What does ORTHOPHYSICS do?
According to the KBO register, the main activity is manufacture of medical and dental instruments and supplies (NACE 32500).
What is the legal form of ORTHOPHYSICS?
The legal form of ORTHOPHYSICS is Private limited company (BV).
When was ORTHOPHYSICS founded?
ORTHOPHYSICS was founded on 03-09-2002.
Is ORTHOPHYSICS still active?
Yes, ORTHOPHYSICS is an active enterprise in the KBO register.
How many employees does ORTHOPHYSICS have?
ORTHOPHYSICS had an average of 23.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does ORTHOPHYSICS fall under?
In its 30-06-2025 annual accounts, ORTHOPHYSICS states joint committee 340 (Paritair Comité voor de orthopedische technologieën).
What is the turnover of ORTHOPHYSICS?
The turnover in financial year 2025 is ≈ €3.7m. This figure is estimated from the gross margin of €2.1m and 1,584 comparable companies of the same size. It probably lies between €2.5m and €6.1m. It is a rough estimate.
Is ORTHOPHYSICS profitable?
In financial year 2025, ORTHOPHYSICS made a profit of €104,558.
Where can I find the annual accounts of ORTHOPHYSICS?
ORTHOPHYSICS filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ORTHOPHYSICS due?
ORTHOPHYSICS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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