ACTIVE

ORTHODYNE

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Financial year 2025 · Closed on 31/12/2025

Net result65,7 k €-90,6 %over 1 year

Revenue10,1 M €+9,2 %over 1 year

Equity6,3 M €+0,8 %over 1 year

Workforce47,6 ETP+4,4 %over 1 year

Identity

Source · BCE/KBO

ORTHODYNE is a Public limited company incorporated in 1995. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Ans. It employs on average 47,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0455.302.756
Incorporation: 24/05/1995
Legal form: Public limited company
Registered office: Rue des Technologies 23
4432 Ans · WallonieSee on map
Contributed capital: 650 000,00 €
Latest accounts: 31/12/2025
Average workforce: 47,6 ETP

Activities (NACE)

26510Manufacture of instruments and appliances for measuring, testing and navigation· main 26510Manufacture of instruments and appliances for measuring, testing and navigation 31623Manufacture of furniture 33201Installation of industrial machinery and equipment

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	10,1 M €	+9.2%	9,3 M €		–		–		–
EBITDA	868,8 k €	-38.0%	1,4 M €	+39.4%	1 M €	-18.8%	1,2 M €	-13.5%	1,4 M €
Operating result	59 k €	-92.4%	776,7 k €	+82.6%	425,3 k €	-45.0%	773,2 k €	-16.0%	920,8 k €
Net result	65,7 k €	-90.6%	701,6 k €	+147%	284 k €	-46.5%	530,5 k €	-18.7%	652,4 k €
Balance sheet
Equity	6,3 M €	+0.8%	6,3 M €	+12.5%	5,6 M €	+4.1%	5,3 M €	+8.5%	4,9 M €
Total assets	11,1 M €	+4.0%	10,7 M €	+9.2%	9,8 M €	+20.5%	8,1 M €	+6.6%	7,6 M €
Cash	602,7 k €	+327%	141,3 k €	-31.3%	205,6 k €	-75.6%	843,1 k €	-26.4%	1,1 M €
Debts	4,7 M €	+7.2%	4,4 M €	+6.8%	4,1 M €	+47.8%	2,8 M €	+5.6%	2,6 M €
Other
Workforce	47,6 ETP	+4.4%	45,6 ETP	+2.5%	44,5 ETP	+2.3%	43,5 ETP	+3.6%	42,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
E.S.T. MANAGEMENT0808.966.637Represented by Eric STREEL	Managing director14/01/2009 → 04/05/2029Director30/01/2015 → 2018 accountsended
Kim Sand CHRISTENSEN	Director26/02/2018 → 04/05/2029
Yijie GE	Director03/04/2023 → 02/04/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pengna WEI	Director01/09/2021 → 2023 accounts
Huatian ZHANG	Director26/02/2019 → 2021 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/04/2026	17/03/2025	29/04/2024	29/03/2023	24/03/2022	19/04/2021
General meeting	23/03/2026	06/03/2025	25/03/2024	21/03/2023	14/03/2022	31/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/03/2026	15/04/2026	French	PDF
Abridged model	31/12/2024	06/03/2025	17/03/2025	French	PDF
Abridged model	31/12/2023	25/03/2024	29/04/2024	French	PDF
Abridged model	31/12/2022	21/03/2023	29/03/2023	French	PDF
Abridged model	31/12/2021	14/03/2022	24/03/2022	French	PDF
Abridged model	31/12/2020	31/03/2021	19/04/2021	French	PDF
Abridged model	31/12/2019	30/03/2020	11/05/2020	French	PDF
Abridged model	31/12/2018	18/02/2019	22/03/2019	French	PDF
Abridged model	31/12/2017	19/02/2018	26/02/2018	French	PDF
Abridged model	31/12/2016	08/05/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	29/01/2016	15/02/2016	French	PDF
Abridged modelCorrection	31/12/2014	26/05/2015	08/09/2015	French	PDF
Abridged model	31/12/2014	26/05/2015	16/07/2015	French	PDF
Abridged model	31/12/2013	12/05/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	22/07/2013	French	PDF
Abridged model	31/12/2011	14/05/2012	25/07/2012	French	PDF
Abridged model	31/12/2010	09/05/2011	27/07/2011	French	PDF
Abridged model	31/12/2009	10/05/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	18/05/2009	28/07/2009	French	PDF
Abridged model	31/12/2007	08/05/2008	12/06/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	25/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
E.S.T. MANAGEMENT0808.966.637Represented by Eric STREEL	Managing director14/01/2009 → 04/05/2029Director30/01/2015 → 2018 accountsended
Kim Sand CHRISTENSEN	Director26/02/2018 → 04/05/2029
Yijie GE	Director03/04/2023 → 02/04/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pengna WEI	Director01/09/2021 → 2023 accounts
Huatian ZHANG	Director26/02/2019 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates17/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates07/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates03/04/2018
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

E.S.T. MANAGEMENT

Kim Sand CHRISTENSEN

Yijie GE

Pengna WEI

Huatian ZHANG

Qiang WANG

PHILIPPE BONHOMME

Jean-Louis RAMPEN

Stéphan BONHOMME

VAKOG

Jean-Philippe BONHOMME

SERGE WUESTENBERGHS

Show the other mandate

1995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

ORTHODYNE

Rue des Technologies 23, 4432 Alleur

Managing directorDirector

Director

DirectorManaging director

Managing director

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Technologies 23, 4432 AlleurCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00079658

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ORTHODYNECurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00079658

Events

2025
Annual accounts 202565,7 k €↓
2024
Annual accounts 2024701,6 k €↑
2023
Annual accounts 2023284 k €↓
2022
Annual accounts 2022530,5 k €↓
2021
Annual accounts 2021652,4 k €↓
2020
Annual accounts 2020780,6 k €↑
2019
Annual accounts 2019687,5 k €↑
2018
Annual accounts 2018349 k €↑
2017
Annual accounts 2017230,3 k €↓
2016
Annual accounts 2016355,3 k €↑
2015
Annual accounts 2015129,4 k €↑
2014
Annual accounts 201496,9 k €↓
2013
Annual accounts 2013233,3 k €↑
2012
Annual accounts 2012111,5 k €↑
2011
Annual accounts 201161,4 k €↓
2010
Annual accounts 2010225,3 k €↑
2009
Annual accounts 200985,1 k €↓
2008
Annual accounts 2008215,6 k €↑
2007
Annual accounts 2007158,2 k €↓
2006
Annual accounts 2006261,6 k €
24/05/1995
IncorporationPublic limited company

ORTHODYNE

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events