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 4 of the last 4 fiscal years.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ORSA NEXT from Marche-en-Famenne, company number BE0882099588, closed financial year 2025 with a result of € -558,499 after tax. For that financial year ORSA NEXT recorded a gross margin of € -357,714 and equity of € -1 million. Compared with financial year 2024, the result moved from € 514,640 to € -558,499. 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 October 29, 2025.
€ -1 million
▼ € 558,499 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -558,499
▼ still € 514,640 profit in 2024
Profit after tax over the fiscal year.
€ 306,004
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.5 million.
People and assets in 2025
€ 1,493
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 176,682
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,047
▲ 55% 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 | |
|---|---|---|---|---|---|
| Revenue | € 104 | € 81,444 | - | - | |
| Gross margin | € -309,257 | € -263,886 | € -122,598 | € -357,714 | ▼ € 235,116 |
| Profit after taxes | € -827,727 | € 185,376 | € 514,640 | € -558,499 | ▼ € 1.1 million |
| Equity | € -1,152,641 | € -967,265 | € -452,625 | € -1,011,124 | ▼ € 558,499 |
| Total debts | € 10,269,873 | € 10,309,468 | € 11,726,919 | € 13,163,314 | ▲ 12% |
| Cash | € 3,348,005 | € 1,227,622 | € 741,123 | € 306,004 | ▼ 59% |
| Retained profit | € -2,652,641 | € -2,467,265 | € -1,952,625 | € -2,511,124 | ▼ € 558,499 |
| Balance sheet total | € 9,117,233 | € 9,342,203 | € 11,274,294 | € 12,152,190 | ▲ 8% |
Key figures of ORSA NEXT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to ORSA NEXT?
What happened at ORSA NEXT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 558,499 (▼ € 1.1 million vs 2024). Source: NBB ↗
- Emmanuel SCHELLEKENS became a director. NBB
- Marc SIMONIS stepped down as director. NBB
- Diego BERTRAND became a director. NBB
- INVESTSUD SA became a director. NBB
- Jacques PERARD became a director. NBB
- Pierre BERNES became a director. NBB
- Benoit BAYENET became a director. NBB
In short
From € 827,727 loss in 2022 to € 558,499 loss in 2025.
Best year ever: 2024, with € 514,640 profit.
Management
The stake of Wallonie Entreprendre comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ORSA NEXTBehind ORSA NEXT are Emmanuel SCHELLEKENS, Benoit BAYENET, Pierre BERNES, Roland COLETTE, Diego BERTRAND and Clio BRZAKALA. The shares are held by Wallonie Entreprendre SA, Investsud SA and Wallonie Entreprendre (50%). It owns 49.2% of BE-GESTION, 26.4% of SOGECAM, 25% of MDN INDUSTRIES, 20.7% of BL DISTRIBUTION, 18.8% of IBR-TIMBTRACK and 16.7% of ITECH WOOD itself.
Directors
According to the 2025 annual accounts
Emmanuel SCHELLEKENS
Director
Also active at: Peltzer & Fils SA, PRECISION BALL GROUP, Vanhulen High Precision Springs, Exploitations Forestières Georges HUET, INVESTSUD, INVESTSUD IMMO, EXPLOITATIONS FORESTIERES PHILIPPE CORNET, TIVOLUX PRO +9 more
since 2024
since 2018
Pierre BERNES
Director
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, AVIETA, INVESTSUD, INVESTSUD IMMO
since 2020
since 2018
Diego BERTRAND
Director
since 2023
Clio BRZAKALA
Director
since 2018
Jacques PERARD
Director
since 2020
since 2014
Director · represented by Gilles KOESTEL
Also active at: LASERE, MARCHANDISE, INVESTSUD PARTICIPATIONS, INVESTSUD TECH
since 2023
Sophie LEONARD
Director
since 2018
Marc SIMONIS
Director
since 2017 · until 2024
Shareholders
Participations
49.2%
26.4%
25%
20.7%
18.8%
16.7%
14.8%
14.3%
13.4%
12.9%
4%
2.5%
Establishments
Establishment units
Physical locations of this company
Marche,Rue de la Plaine 11
6900 Marche-en-Famenne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →ORSA FUND same network
€ 2.6 million revenue · 2025
Agence Prévention et Sécurité
€ 554,251 gross margin · 2025
ORSA IMMO same network
€ -79,283 gross margin · 2025
FINANCIERE DU SUD - EST
€ 167,346 revenue · 2025
ORSA PARTS same network
€ -430 gross margin · 2025
+5 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
- 0882.099.588
- VAT number
- BE 0882.099.588
- Registered office
- Marche,Rue de la Plaine 11, 6900 Marche-en-Famenne
- Names & denominations
- ORSA NEXT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 June 2006
- Peppol
- Active · Active since 12 May 2025
- Activities · NACE
Activiteiten van bedrijfs- en werkgeversorganisaties