Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ORTELS from Brasschaat, company number BE0474691472, closed financial year 2025 with a result of € 126,548 after tax. For that financial year ORTELS recorded a gross margin of € 269,282 and equity of € 720,756. Compared with financial year 2024, the result moved from € 128,861 to € 126,548. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 720,756
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 126,548
▼ 2% vs 2024
Profit after tax over the fiscal year.
€ 12,633
▲ 75% 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 € -1.5 million.
Debts at end 2025
€ 1.3 million
▼ 8% vs 2024
€ 120,401 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 66,558
Supplier invoices still open on the last day of the fiscal year.
€ 24,486
▲ 60% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 251,304 | € 316,204 | € 277,535 | € 269,282 | ▼ 3% |
| Profit after taxes | € 49,216 | € 31,767 | € 128,861 | € 126,548 | ▼ 2% |
| Equity | € 433,580 | € 465,347 | € 594,207 | € 720,756 | ▲ 21% |
| Total debts | € 2,716,118 | € 2,590,039 | € 2,354,664 | € 2,168,374 | ▼ 8% |
| Cash | € 7,497 | € 26,371 | € 7,211 | € 12,633 | ▲ 75% |
| Land & buildings | € 2,376,570 | € 2,806,730 | € 2,730,602 | € 2,654,473 | ▼ 3% |
| Retained profit | € -1,816,420 | € -1,784,653 | € -1,655,793 | € -1,529,244 | ▲ € 126,548 |
| Bank debt | € 1,781,577 | € 1,720,323 | € 1,436,116 | € 1,319,223 | ▼ 8% |
| Balance sheet total | € 3,149,698 | € 3,055,386 | € 2,948,871 | € 2,889,130 | ▼ 2% |
Key figures of ORTELS, 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 ORTELS?
What happened at ORTELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 126,548 (▼ 2% vs 2024). filed late Source: NBB ↗
- New establishment in Brasschaat. KBO
- Start of the company according to the CBE. KBO
In short
From € 49,216 profit in 2022 to € 126,548 profit in 2025.
Paid € 51,904 in corporate taxes since 2022.
Best year ever: 2024, with € 128,861 profit.
Management
Behind ORTELS is Kim De Greef. Kim De Greef is also behind ARTE, Red Brix, ImDeG and DeVa Invest.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Hoge Kaart 1B
2930 Brasschaat
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
- 0474.691.472
- VAT number
- BE 0474.691.472
- Registered office
- Hoge Kaart 1B, 2930 Brasschaat
- Names & denominations
- ORTELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 2001
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Overige zakelijke dienstverlening, neg