OXYGEN
ActiveSummary
OXYGEN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.55M and a net result of €1k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-31
Solvency100▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.29 in 2023; short-term debt: 5.6% and cash: 0.4% of total assets), and 5.6% of the assets are financed with debt.
Credit advice 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
94.4%
Return on assets
0.1%
Age of the figures
21 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
2 d early
2022
29 d late
2021
31 d late
2020
3 d late
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.55M▲ 766%
2023 · €180k
2018: €170k
2019: €128k
2020: €209k
2021: €115k
2022: €130k
2023: €180k
2018 → 2024
Total assets
€1.65M▲ 555%
2023 · €251k
2018: €288k
2019: €202k
2020: €245k
2021: €149k
2022: €180k
2023: €251k
2018 → 2024
Net result
€1k▼ 97.9%
2023 · €62k
2018: €55k
2019: €-42k
2020: €81k
2021: €-94k
2022: €28k
2023: €62k
2018 → 2024
Working capital
€38k▼ 56.4%
2023 · €88k
2018: €15k
2019: €-9k
2020: €86k
2021: €10k
2022: €29k
2023: €88k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€209k-€115k▼ 44.9%€130k▲ 12.9%€180k▲ 37.9%€1.55M▲ 766%
Operating result€102k-€-92k€29k€63k▲ 114%€-4k
Net result€81k-€-94k€28k€62k▲ 124%€1k▼ 97.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €63k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.65M
Fixed assets
€1.52M ▲ 1,505%
Current assets
€130k ▼ 16.9%
Equity and liabilities €1.65M
Equity
€1.55M ▲ 766%
Debt
€92k ▲ 28.1%
Debt's share of the balance-sheet total falls from 28.5% to 5.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▼
2023 · €72k
Cash flow
€33k▼
2023 · €71k
Current ratio
1.42▼
2023 · 2.29
Debt to equity
0.06▼
2023 · 0.40
ROE
0.1%▼
2023 · 34.7%
ROA
0.1%▼
2023 · 24.8%
Interest coverage
252.82▲
2023 · 43.38
Debt ≤ 1 year
€92k▲
2023 · €69k
Income taxes
€399▼
2023 · €501
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€251k€1.65M▲
Fixed assets21/28€94k€1.52M▲
Tangible fixed assets22/27€94k€1.52M▲
Land and buildings22€90k€1.44M▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€5k€70k▲
Current assets29/58€157k€130k▼
Amounts receivable after more than one year29€45k€94k▲
Other amounts receivable291€45k€94k▲
Amounts receivable within one year40/41€15k€16k▲
Trade receivables40€15k€14k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€88k€7k▼
Deferred charges and accrued income490/1€8k€13k▲
Equity and liabilities
Total equity and liabilities10/49€251k€1.65M▲
Equity10/15€180k€1.55M▲
Contributions10/11€6k€1.38M▲
Reserves13€203k€203k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€203k€203k=
Profit (loss) carried forward14€-30k€-29k▲
Amounts payable17/49€72k€92k▲
Amounts payable within one year42/48€69k€92k▲
Trade debts44€3k€47k▲
Suppliers440/4€3k€47k▲
Taxes, remuneration and social security45€12k€5k▼
Taxes450/3€12k€5k▼
Other amounts payable47/48€53k€40k▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€32k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€75k€30k▼
Operating profit (loss)9901€63k€-4k▼
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€4k▲
Non-recurring financial income76B-€2k
Financial charges65/66B€2k€112▼
Recurring financial charges65€2k€112▼
Profit (loss) for the period before taxes9903€63k€2k▼
Income taxes67/77€501€399▼
Profit (loss) for the period9904€62k€1k▼
Profit (loss) for the period to be appropriated9905€62k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-29k▼
Profit (loss) brought forward from the previous period14P€-79k€-30k▲
Profit to be distributed694/7€13k-
Directors or managers695€13k-
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
2026
25-06
State Gazette act
Demerger · Share issue
Accounting effect · Real estate
25-06
State Gazette act
Demerger · Share issue
Accounting effect · Real estate
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €1MEq €1.55M ▲766%
3 profitable years in a row build equity to €1.55M.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €180k ▲37.9%
2 profitable years in a row build equity to €180k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-94k ▼215%
Net result drops to €-94k, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
31-12
Financial
Back to profitnet €81k
Net result €81k after one loss-making year.
Show earlier events
31-12
Financial
Liquidity quadruplescurrent ratio 3.52
Current ratio from 0.87 to 3.52; short-term debt falls from €73k to €34k.
31-12
Financial
Equity above €200kEq €209k ▲63.7%
Equity rises from €128k to €209k.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lokeren · 1 establishment unit since 2014
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.
Nieuwpoortstraat 1739160 LokerenGround area
3,546 m²
Building footprint
378 m²
Volume, LiDAR
2 m³
Parcel 46383D2821/00C000, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
1 establishment unit
Oxygen
since 20142.231.768.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D2821/00C000 | Flanders | 3,546 m² | 1 · 378 m² | 0.4 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 22,995 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
Founded12-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.