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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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ORTIS from Bütgenbach, company number BE0415889379, closed financial year 2025 with a result of € 626,999 after tax. For that financial year ORTIS recorded revenue of € 19.4 million and equity of € 5.8 million. Compared with financial year 2024, the result moved from € -512,008 to € 626,999. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 5.8 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 626,999
▲ still € 512,008 loss in 2024
Profit after tax over the fiscal year.
€ 51,881
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.9 million.
People and assets in 2025
68.3
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.7 million
▲ 4% vs 2024
€ 69,300 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.
€ 323,854
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.7 million
▼ 20% vs 2024
€ 387,452 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4.7 million
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 114 days on average.
€ 911,974
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,843,847 | € 18,228,462 | € 17,676,014 | € 19,364,614 | ▲ 10% |
| Profit after taxes | € -710,667 | € -30,970 | € -512,008 | € 626,999 | ▲ € 1.1 million |
| Equity | € 5,781,569 | € 5,742,954 | € 5,211,750 | € 5,827,654 | ▲ 12% |
| Total debts | € 9,646,992 | € 10,302,054 | € 9,419,495 | € 9,671,273 | ▲ 3% |
| Cash | € 263,160 | € 304,730 | € 80,578 | € 51,881 | ▼ 36% |
| Land & buildings | € 2,341,668 | € 2,326,380 | € 2,303,395 | € 2,240,813 | ▼ 3% |
| Retained profit | € 1,794,801 | € 1,763,831 | € 1,251,823 | € 1,878,822 | ▲ 50% |
| Bank debt | € 3,757,107 | € 4,779,636 | € 4,672,439 | € 3,717,825 | ▼ 20% |
| Balance sheet total | € 15,428,561 | € 16,045,008 | € 14,631,245 | € 15,498,926 | ▲ 6% |
| Employees (FTE) | 73.2 | 70.1 | 67.8 | 68.3 | ▲ 0.5 |
Key figures of ORTIS, 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 ORTIS?
What happened at ORTIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- UPWIND stepped down as director. NBB
- Philippe HORN stepped down as director. NBB
- Michel Horn stepped down as director. NBB
- SOGINVEST stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 626,999. Source: NBB ↗
- UPWIND became a director. NBB
- SOGINVEST became a director. NBB
- Sparaxis stepped down as director. NBB
In short
From € 710,667 loss in 2022 to € 626,999 profit in 2025.
Paid € 22,760 in corporate taxes since 2022.
Best year ever: 2025, with € 626,999 profit.
Pays suppliers within 114 days on average.
Management
The stake of FIPARIM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ORTISThe shares are held by FIPARIM (24.5%). It owns 70.4% of NATEXTRA, 3.9% of OSTBELGIENINVEST and 0.2% of COURANT D'AIR itself.
Directors
According to the 2025 annual accounts
Director · represented by Francine Turck
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2024 · until 2025
Director · represented by Yves Dinsart
Also active at: MICHEL de SAUVAGE, GLOBAL SAFE, BEDIMO
since 2026 · until 2029
since 2023 · until 2029
Michel Horn
Managing director
since 2023 · until 2029
since 2023 · until 2025
Director · represented by André Kilesse
Also active at: Polca, PCSI, Barthel PAULS, HOLDING PCS, R-PACK TRADING, FINAWIRS, BROPTIMIZE ENERGY, CAMAC +6 more
since 2026 · until 2029
Shareholders
24.5%
Participations
Establishments
Establishment units
Physical locations of this company
Weywertz,Hinter der Heck 46
4750 Bütgenbach
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.889.379
- VAT number
- BE 0415.889.379
- Registered office
- Weywertz,Hinter der Heck 46, 4750 Bütgenbach
- Names & denominations
- ORTIS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 1976
- Peppol
- Active · Active since 30 Sept 2025
- Activities · NACE
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