Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ORPECO from Ottignies-Louvain-la-Neuve, company number BE0861988223, closed financial year 2025 with a result of € -63,343 after tax. For that financial year ORPECO recorded a gross margin of € -28,365 and equity of € -44,787. Compared with financial year 2024, the result moved from € -75,765 to € -63,343. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ -44,787
▼ € 63,343 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -63,343
▲ 16 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,111
▲ € 2,524 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -394,313.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,118
▲ 170% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -18,814 | € -24,351 | € -31,882 | € -28,365 | ▲ € 3,518 |
| Profit after taxes | € -79,496 | € -84,754 | € -75,765 | € -63,343 | ▲ € 12,422 |
| Equity | € 179,075 | € 94,322 | € 18,557 | € -44,787 | ▼ € 63,343 |
| Total debts | € 14,484 | € 41,918 | € 86,419 | € 129,480 | ▲ 50% |
| Cash | € 5,997 | € 50 | € 587 | € 3,111 | ▲ € 2,524 |
| Land & buildings | € 184,890 | € 136,190 | € 104,389 | € 81,583 | ▼ 22% |
| Retained profit | € -170,451 | € -255,204 | € -330,969 | € -394,313 | ▼ € 63,343 |
| Bank debt | € 14,318 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 193,560 | € 136,240 | € 104,975 | € 84,694 | ▼ 19% |
Key figures of ORPECO, 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 ORPECO?
What happened at ORPECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CEDRIC DEGAVRE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 63,343. Source: NBB ↗
- CEDRIC DEGAVRE became a director. NBB
- New establishment in Ottignies-Louvain-la-Neuve. KBO
- Start of the company according to the CBE. KBO
In short
From € 79,496 loss in 2022 to € 63,343 loss in 2025.
A new publication or filing at ORPECO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ITM ALIMENTAIRE BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ORPECOThe shares are held by ITM ALIMENTAIRE BELGIUM (100%).
Directors
According to the 2025 annual accounts
CEDRIC DEGAVRE
Managing director
Also active at: I.T.M. BELGIUM, MEFOU, KIDOKO, ALIWAR, STASSEM, HANOUX, ROSMO DISTRI, EMCA Distribution +9 more
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Bosquet 4
1348 Ottignies-Louvain-la-Neuve
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →I.T.M. BELGIUM same network
€ 10.4 million revenue · 2025
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€ 1.5 million gross margin · 2025
IMMO AVAL BELGIUM
€ 5.3 million revenue · 2024
ITM ALIMENTAIRE BELGIUM same network
€ 1.4 billion revenue · 2025
UNION DES MOUSQUETAIRES
+12 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
- 0861.988.223
- VAT number
- BE 0861.988.223
- Registered office
- Rue du Bosquet 4, 1348 Ottignies-Louvain-la-Neuve
- Names & denominations
- ORPECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2003
- Peppol
- Active · Active since 10 Dec 2025