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 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Odile from Waregem, company number BE0445060942, closed financial year 2025 with a result of € 38,674 after tax. For that financial year Odile recorded a gross margin of € 129,113 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 52,504 to € 38,674. The company is profitable. 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 July 6, 2026.
€ 1.8 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38,674
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 22,406
▲ 148% 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 € 915,443.
Debts at end 2025
€ 378,791
▼ 14% vs 2024
€ 47,288 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 2,144
▲ 127% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,745
▼ 82% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 115,939 | € 151,206 | € 147,191 | € 129,113 | ▼ 12% |
| Profit after taxes | € -9,551 | € 7,771 | € 52,504 | € 38,674 | ▼ 26% |
| Equity | € 947,494 | € 955,266 | € 1,704,965 | € 1,826,800 | ▲ 7% |
| Total debts | € 689,580 | € 581,836 | € 508,745 | € 420,416 | ▼ 17% |
| Cash | € 6,512 | € 5,912 | € 9,041 | € 22,406 | ▲ 148% |
| Land & buildings | € 819,008 | € 722,568 | € 694,092 | € 658,865 | ▼ 5% |
| Retained profit | € 816,494 | € 824,266 | € 876,769 | € 915,443 | ▲ 4% |
| Bank debt | € 613,049 | € 535,129 | € 442,680 | € 378,791 | ▼ 14% |
| Balance sheet total | € 1,678,416 | € 1,564,431 | € 2,238,851 | € 2,270,168 | ▲ 1% |
Key figures of Odile, 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 Odile?
What happened at Odile in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Albine Delbaere stepped down as director. NBB
- Bernard Delbaere stepped down as director. NBB
- Virginie Delbaere stepped down as director. NBB
- Michel Delbaere stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 38,674 (▼ 26% vs 2024). Source: NBB ↗
- Albine Delbaere became a director. NBB
- Bernard Delbaere became a director. NBB
- Virginie Delbaere became a director. NBB
In short
From € 9,551 loss in 2022 to € 38,674 profit in 2025.
Paid € 64,780 in corporate taxes since 2022.
Best year ever: 2024, with € 52,504 profit.
Management
The stake of P and B, CROP'S HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
OdileThe shares are held by P and B (50%) and CROP'S HOLDING (50%).
Directors
According to the 2025 annual accounts
Albine Delbaere
Director
since 2026 · until 2032
Bernard Delbaere
Managing director
Also active at: DEJOND, P and B, Lux Estate, ARFILCO, ALKOMETAL, H4H
since 2026 · until 2032
Virginie Delbaere
Director
since 2026 · until 2032
Michel Delbaere
Managing director
Also active at: VLAAMS ECONOMISCH VERBOND, FEDERATION DE L'INDUSTRIE ALIMENTAIRE - FEDERATIE VOEDINGSINDUSTRIE, CROP'S, CHAPELLE MUSICALE, J. ZINNER, HESBAYEFROST, DE POTTERIE, SIHOLD +6 more
since 2026 · until 2032
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Heerweg 187
8791 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →HARPACA
€ -98,669 gross margin · 2024
DE POTTERIE same network
€ 303,362 gross margin · 2025
CVdA Management
€ 477,518 gross margin · 2025
Spinola same network
€ 474,646 gross margin · 2025
CROP'S HOLDING same network
€ 604,077 revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.060.942
- VAT number
- BE 0445.060.942
- Registered office
- Grote Heerweg 187, 8791 Waregem
- Names & denominations
- Odile
- Enterprise type
- Rechtspersoon
- Legal form
- Naamloze vennootschap van publiek recht
- Legal situation
- Normale toestand
- Start date
- 9 September 1991
- Peppol
- Active · Active since 30 Jun 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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