Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
ORAC from Oostende, company number BE0407323091, closed financial year 2025 with a result of € 3.4 million after tax. For that financial year ORAC recorded revenue of € 59.6 million and equity of € 5 million. Compared with financial year 2024, the result moved from € 2.9 million to € 3.4 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 5 million
▲ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.4 million
▲ 19% vs 2024
Profit after tax over the fiscal year.
€ 2.7 million
▲ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
43 % of the profit went to the shareholders, mostly to Nspire Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
76.6
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.4 million
▲ 12% vs 2024
€ 96,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 242,017
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9 million
▼ 12% vs 2024
€ 2.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 5.1 million
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 1.6 million
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 51,931,862 | € 53,027,926 | € 57,258,200 | € 59,551,285 | ▲ 4% |
| Profit after taxes | € 3,096,514 | € 3,786,173 | € 2,857,819 | € 3,386,991 | ▲ 19% |
| Equity | € 4,282,016 | € 3,452,949 | € 3,088,606 | € 5,006,284 | ▲ 62% |
| Total debts | € 18,144,851 | € 18,915,856 | € 17,420,823 | € 17,502,774 | |
| Cash | € 3,098,526 | € 1,929,978 | € 1,488,426 | € 2,743,211 | ▲ 84% |
| Retained profit | € 4,151,542 | € 3,322,475 | € 2,958,132 | € 4,875,810 | ▲ 65% |
| Dividend | € 1,820,381 | € 4,615,240 | € 3,222,164 | € 1,469,313 | ▼ 54% |
| Bank debt | € 9,697,620 | € 11,600,589 | € 10,287,733 | € 9,044,673 | ▼ 12% |
| Balance sheet total | € 22,773,769 | € 22,694,698 | € 20,935,305 | € 23,137,358 | ▲ 11% |
| Employees (FTE) | 95.2 | 78 | 76.4 | 76.6 | ▲ 0.2 |
Key figures of ORAC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ORAC?
What happened at ORAC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CommV. Tsuga stepped down as director. NBB
- CommV. Tail stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- CommV. Tsuga became a director. NBB
- CommV. Tail became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.1 million profit in 2022 to € 3.4 million profit in 2025.
Paid € 1.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.8 million profit.
Paid out € 11.1 million in dividends to the owners in total.
Management
The stake of Orac Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ORACThe shares are held by Nspire Group (100%) and Orac Holding (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Yves Taillieu
Also active at: WHITE INVEST, IMMOTAI, POLDERWIND, Orac Holding, Inula, Nspire Group, Nemus Invest
since 2023 · until 2030
Managing director · represented by Laurence Taillieu
Also active at: WHITE INVEST, IMMOTAI, POLDERWIND, Orac Holding, BELGIUM SR, Inula
since 2023 · until 2030
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Biekorfstraat 32
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →WHITE INVEST same network
€ 68,788 gross margin · 2025
IMMOTAI same network
€ -2,333 gross margin · 2025
POLDERWIND same network
€ 92,562 gross margin · 2025
Orac Holding same network
€ 186,804 revenue · 2025
Inula same network
€ 1 million gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
oracdecor.com
Registered
1997-12-17
Registrar
NameWeb BVBA
Expires
2026-12-16
Website info
Features
Security
Network
Details
- Company number
- 0407.323.091
- VAT number
- BE 0407.323.091
- Registered office
- Biekorfstraat 32, 8400 Oostende
- Names & denominations
- ORAC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 1970
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- oracdecor.com
- Activities · NACE
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