ACTIVE

ORTALGO

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Financial year 2025 · closed on 30/09/2025

Net result

125,1 k €

+244.5% YoY

Gross margin

321 k €

+67.3% YoY

Equity

544,7 k €

-13.1% YoY

What does ORTALGO do?

ORTALGO is a Private limited company incorporated in 2001. Its main activity is: Specialist medical practice activities. Its registered office is in Tessenderlo-Ham.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.306.820

Incorporation

13/12/2001

Legal form

Private limited company

Registered office

Achterheide 1
3980 Tessenderlo-Ham · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities 86905Other human health activities 86951Other human health activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	321 k €	+67.3%	191,8 k €	-36.8%	303,4 k €	+5.2%	288,5 k €	+1.4%	284,5 k €	+141%	118,3 k €	-51.4%	243,1 k €	-2.7%	249,9 k €	+2.9%	242,9 k €	-3.2%	251 k €	+1.4%	247,5 k €	+23.7%	200 k €	-8.5%	218,6 k €	-28.3%	304,7 k €	+2.0%	298,8 k €	+42.7%	209,4 k €	+31.6%	159,1 k €	+11.9%	142,1 k €	-0.9%	143,4 k €	+51.8%	94,4 k €
EBITDA	315,7 k €	+70.0%	185,7 k €	-37.5%	297,2 k €	+4.9%	283,4 k €	+1.3%	279,6 k €	+146%	113,6 k €	-52.5%	239,3 k €	+22.6%	195,1 k €	-5.4%	206,3 k €	-8.8%	226,1 k €	+4.6%	216,2 k €	+24.4%	173,7 k €	-18.5%	213 k €	-22.2%	273,8 k €	+12.5%	243,4 k €	+48.0%	164,5 k €	+10.2%	149,3 k €	+8.6%	137,5 k €	+0.5%	136,8 k €	+61.3%	84,8 k €
Operating result	194,6 k €	+187%	67,7 k €	-61.5%	175,8 k €	+11.0%	158,3 k €	-3.7%	164,3 k €	+1223%	12,4 k €	-90.8%	135,6 k €	+60.9%	84,3 k €	-13.3%	97,3 k €	-29.1%	137,2 k €	+72.4%	79,6 k €	+102%	39,5 k €	-48.9%	77,2 k €	-45.1%	140,5 k €	+21.9%	115,2 k €	+54.3%	74,7 k €	+36.1%	54,9 k €	+14.0%	48,2 k €	-24.1%	63,4 k €	+206%	20,7 k €
Net result	125,1 k €	+245%	36,3 k €	-64.8%	103,3 k €	+10.0%	93,9 k €	-11.8%	106,4 k €	+2446%	-4,5 k €	-106%	78,9 k €	+135%	33,5 k €	-17.8%	40,8 k €	-37.0%	64,8 k €	+158%	25,1 k €	+11617%	214,4 €	-98.8%	18,4 k €	-68.6%	58,6 k €	+23.9%	47,3 k €	+103%	23,3 k €	+410%	4,6 k €	+90.8%	2,4 k €	-91.6%	28,5 k €	+755%	-4,3 k €
Balance sheet
Equity	544,7 k €	-13.1%	626,6 k €	+6.2%	590,3 k €	+21.2%	487 k €	+12.2%	433,9 k €	+10.6%	392,2 k €	-1.1%	396,8 k €	+20.3%	329,8 k €	+10.4%	298,8 k €	+15.8%	258 k €	+33.5%	193,2 k €	+14.9%	168,1 k €	+0.1%	167,8 k €	+12.3%	149,5 k €	+64.4%	90,9 k €	+108%	43,6 k €	+114%	20,4 k €	+28.8%	15,8 k €	+17.8%	13,4 k €	+189%	-15,1 k €
Total assets	1,2 M €	-3.4%	1,3 M €	-5.1%	1,4 M €	-2.8%	1,4 M €	-4.8%	1,5 M €	+2.8%	1,4 M €	+28.6%	1,1 M €	-0.6%	1,1 M €	+0.9%	1,1 M €	+11.4%	996,1 k €	-2.3%	1 M €	-10.5%	1,1 M €	-4.7%	1,2 M €	-10.3%	1,3 M €	+7.3%	1,2 M €	+30.9%	948,7 k €	-2.2%	970 k €	-1.0%	979,9 k €	+11.6%	878 k €	+25.2%	701,2 k €
Cash	146,2 k €	+266%	40 k €	-54.8%	88,4 k €	+50.4%	58,7 k €	+44.4%	40,7 k €	+57.9%	25,8 k €	-79.4%	124,8 k €	+96.7%	63,4 k €	+79.3%	35,4 k €	-23.4%	46,2 k €	+118%	21,2 k €	+1437%	1,4 k €	-89.7%	13,4 k €	-77.9%	60,5 k €		–		8 k €		–		3,2 k €	-89.3%	29,6 k €	+166%	11,1 k €
Debts	663 k €	+6.0%	625,3 k €	-14.4%	730,3 k €	-16.4%	873,4 k €	-12.4%	997,4 k €	-0.2%	999,3 k €	+47.8%	676,1 k €	-9.7%	748,9 k €	-2.8%	770,4 k €	+10.4%	698,1 k €	-11.1%	785,6 k €	-15.2%	926,9 k €	-5.9%	985,2 k €	-13.5%	1,1 M €	+2.7%	1,1 M €	+25.2%	885 k €	-6.8%	949,6 k €	-1.5%	964,1 k €	+11.5%	864,5 k €	+20.7%	716,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,7 ETP	-22.2%	0,9 ETP	+12.5%	0,8 ETP		–		0,8 ETP	-20.0%	1,0 ETP	+11.1%	0,9 ETP	+200%	0,3 ETP	+50.0%	0,2 ETP	-33.3%	0,3 ETP	-40.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 8 ended

Active mandates

GABY KOX

Director

Active

STEVEN SMETS

Director

Active

Ended mandates

GABY KOX

Manager · since 24 février 2018 · until 24 février 2024

Ended

STEVEN SMETS

Manager · since 24 février 2018 · until 24 février 2024

Ended

GABY KOX

Manager · since 30 mars 2012 · until 24 février 2018

Ended

STEVEN SMETS

Manager · since 30 mars 2012 · until 24 février 2018

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	25/04/2025	30/04/2024	20/04/2023	29/04/2022	22/04/2021
General meeting	28/02/2026	22/02/2025	24/02/2024	25/02/2023	26/02/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	28/02/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	22/02/2025	25/04/2025	Dutch	PDF
Micro model	30/09/2023	24/02/2024	30/04/2024	Dutch	PDF
Micro model	30/09/2022	25/02/2023	20/04/2023	Dutch	PDF
Micro model	30/09/2021	26/02/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	31/03/2021	22/04/2021	Dutch	PDF
Micro model	30/09/2019	29/02/2020	01/04/2020	Dutch	PDF
Micro model	30/09/2018	23/02/2019	02/04/2019	Dutch	PDF
Micro model	30/09/2017	24/02/2018	29/03/2018	Dutch	PDF
Abridged model	30/09/2016	28/02/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	27/02/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	14/03/2015	25/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	26/04/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	26/04/2012	Dutch	PDF
Abridged model	30/09/2010	31/03/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	27/03/2010	27/04/2010	Dutch	PDF
Abridged model	30/09/2008	31/03/2009	29/04/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	28/04/2008	Dutch	PDF
Abridged model	30/09/2006	31/03/2007	27/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 8 ended

Active mandates

GABY KOX

Director

Active

STEVEN SMETS

Director

Active

Ended mandates

GABY KOX

Manager · since 24 février 2018 · until 24 février 2024

Ended

STEVEN SMETS

Manager · since 24 février 2018 · until 24 février 2024

Ended

GABY KOX

Manager · since 30 mars 2012 · until 24 février 2018

Ended

STEVEN SMETS

Manager · since 30 mars 2012 · until 24 février 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/11/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2006
MAATSCHAPPELIJKE ZETEL - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025125,1 k €↑
2024
Annual accounts 202436,3 k €↓
2023
Annual accounts 2023103,3 k €↑
2023
Name changeOrtalgo
2022
Annual accounts 202293,9 k €↓
2021
Annual accounts 2021106,4 k €↑
2021
Name changeDOKTERS SMETS-KOX
2020
Annual accounts 2020-4,5 k €↓
2019
Annual accounts 201978,9 k €↑
2018
Annual accounts 201833,5 k €↓
2017
Annual accounts 201740,8 k €↓
2016
Annual accounts 201664,8 k €↑
2015
Annual accounts 201525,1 k €↑
2014
Annual accounts 2014214,4 €↓
2013
Annual accounts 201318,4 k €↓
2012
Annual accounts 201258,6 k €↑
2011
Annual accounts 201147,3 k €↑
2010
Annual accounts 201023,3 k €↑
2009
Annual accounts 20094,6 k €↑
2008
Annual accounts 20082,4 k €↓
2007
Annual accounts 200728,5 k €↑
2006
Annual accounts 2006-4,3 k €
13/12/2001
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ORTALGO

Overview

What does ORTALGO do?

Trend over 20 financial years

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