Dr.OETKER

Active

Public limited companyfounded 195273 yrs activeDe Kleetlaan 7b, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0405.670.727

Dr.OETKER has been active since 1952 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.48M and a net result of €6.64M. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

68 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability72▼-7

Solvency61▲+4

Growth67▼-2

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €950k at 30 days acceptable

Liquidity tight (current ratio 1.13 against 1.03 in 2024; short-term debt: 63.3% and cash: 8.6% of total assets), and 63.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

36.2%

Return on assets

16.6%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

56 d early

2024

50 d early

2023

196 d late

2022

40 d early

2021

41 d early

2020

40 d early

2019

43 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€92.54M▼ 4.0%

2024 · €96.42M

2018: €70.35M 2019: €71.25M 2020: €74.28M 2021: €69.58M 2022: €74.28M 2023: €114.54M 2024: €96.42M

2018 → 2025

EBIT margin

9.6%▲ 0.7pp

2024 · 8.9%

2018: 10.6% 2019: 8.7% 2020: 10.7% 2021: 8.9% 2022: 9.3% 2023: 4.7% 2024: 8.9%

2018 → 2025

Net result

€6.64M▲ 6.0%

2024 · €6.27M

2018: €5.20M 2019: €4.30M 2020: €5.91M 2021: €4.66M 2022: €4.99M 2023: €3.77M 2024: €6.27M

2018 → 2025

Working capital

€3.33M▲ 245%

2024 · €964k

2018: €3.47M 2019: €2.87M 2020: €3.00M 2021: €3.19M 2022: €8.42M 2023: €-1.87M 2024: €964k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€69.58M-€74.28M▲ 6.8%€114.54M▲ 54.2%€96.42M▼ 15.8%€92.54M▼ 4.0%

Equity€3.60M-€8.60M▲ 139%€12.37M▲ 43.9%€13.64M▲ 10.2%€14.48M▲ 6.2%

Operating result€6.16M-€6.91M▲ 12.2%€5.41M▼ 21.8%€8.54M▲ 58.0%€8.85M▲ 3.7%

Net result€4.66M-€4.99M▲ 7.1%€3.77M▼ 24.5%€6.27M▲ 66.1%€6.64M▲ 6.0%

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €39.98M

28.4%

71.6%

Fixed assets €11.34M▼ 12.1%

Current assets €28.64M▼ 1.7%

Equity and liabilities €39.98M

36.2%

63.8%

Equity €14.48M▲ 6.2%

Debt €25.50M▼ 10.2%

The debt ratio falls from 67.5% to 63.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€10.47M▲

2024 · €10.18M

Cash flow

€8.26M▲

2024 · €7.91M

Solvency

36.2%▲

2024 · 32.5%

Current ratio

1.13▲

2024 · 1.03

Quick ratio

1.04▲

2024 · 0.96

Debt / equity

1.76▼

2024 · 2.08

ROE

45.9%▼

2024 · 45.9%

ROA

16.6%▲

2024 · 14.9%

Debt

€25.50M▼

2024 · €28.39M

Debt ≤ 1 year

€25.31M▼

2024 · €28.17M

Income taxes

€2.32M▲

2024 · €2.26M

Staff costs

€4.61M▲

2024 · €4.41M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€42.03M€39.98M▼

Fixed assets21/28€12.89M€11.34M▼

Intangible fixed assets21€12.79M€11.23M▼

Tangible fixed assets22/27€97k€108k▲

Furniture and vehicles24€83k€100k▲

Other tangible fixed assets26€13k€8k▼

Financial fixed assets28€2k€2k=

Other financial fixed assets284/8€2k€2k=

Amounts receivable and cash guarantees285/8€2k€2k=

Current assets29/58€29.13M€28.64M▼

Stocks and contracts in progress3€2.15M€2.34M▲

Stocks30/36€2.15M€2.34M▲

Goods purchased for resale34€2.15M€2.34M▲

Amounts receivable within one year40/41€25.21M€22.73M▼

Trade receivables40€15.52M€12.58M▼

Other amounts receivable41€9.69M€10.16M▲

Cash at bank and in hand54/58€1.64M€3.43M▲

Deferred charges and accrued income490/1€140k€129k▼

Equity and liabilities

Total equity and liabilities10/49€42.03M€39.98M▼

Equity10/15€13.64M€14.48M▲

Contributions10/11€128k€128k=

Capital10€128k€128k=

Issued capital100€128k€128k=

Reserves13€3.33M€3.33M=

Non-distributable reserves130/1€18k€18k=

Legal reserve130€13k€13k=

Other1319€5k€5k=

Distributable reserves133€3.32M€3.32M=

Profit (loss) carried forward14€10.18M€11.02M▲

Amounts payable17/49€28.39M€25.50M▼

Amounts payable within one year42/48€28.17M€25.31M▼

Trade debts44€22.22M€17.52M▼

Suppliers440/4€22.22M€17.52M▼

Taxes, remuneration and social security45€942k€1.99M▲

Taxes450/3€189k€1.18M▲

Remuneration and social security454/9€754k€810k▲

Other amounts payable47/48€5.01M€5.81M▲

Accrued charges and deferred income492/3€216k€186k▼

Income statement Code20242025

Operating income70/76A€97.09M€93.13M▼

Turnover70€96.42M€92.54M▼

Other operating income74€669k€595k▼

Operating charges60/66A€88.55M€84.28M▼

Goods for resale, raw materials and consumables60€43.56M€44.52M▲

Purchases600/8€43.89M€44.55M▲

Change in stocks: decrease (increase)609€-332k€-26k▲

Services and other goods61€38.76M€33.70M▼

Remuneration, social security and pensions62€4.41M€4.61M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.64M€1.62M▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€168k€-171k▼

Other operating charges640/8€5k€3k▼

Operating profit (loss)9901€8.54M€8.85M▲

Financial income75/76B€130k€161k▲

Recurring financial income75€130k€161k▲

Income from current assets751€127k€153k▲

Other financial income752/9€3k€8k▲

Financial charges65/66B€146k€50k▼

Recurring financial charges65€146k€50k▼

Debt charges650€92k€0▼

Other financial charges652/9€54k€50k▼

Profit (loss) for the period before taxes9903€8.52M€8.96M▲

Income taxes67/77€2.26M€2.32M▲

Taxes670/3€2.26M€2.32M▲

Profit (loss) for the period9904€6.27M€6.64M▲

Profit (loss) for the period to be appropriated9905€6.27M€6.64M▲

Appropriation of the result

Profit (loss) to be appropriated9906€15.18M€16.82M▲

Profit (loss) brought forward from the previous period14P€8.91M€10.18M▲

Profit to be distributed694/7€5.00M€5.80M▲

Return on contributions (dividend)694€5.00M€5.80M▲

Social balance

Average headcount (FTE)908740.742.2▲

The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

05-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Highest result since 2018net €6.64M ▲6%

Operating result €8.85M, net result €6.64M, both a record.

11-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

12-02

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 196 days late

2023

31-12

Financial Weakest financial yearnet €3.77M ▼24.5%

Net result drops to €3.77M, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €10MEq €12.37M ▲43.9%

6 profitable years in a row build equity to €12.37M.

21-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Equity above €5MEq €8.60M ▲139%

5 profitable years in a row build equity to €8.60M.

20-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

21-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

18-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

21-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

07-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

29-05

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

16 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Machelen (Brab.) · 1 establishment unit since 1952

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

De Kleetlaan 7b1831 Machelen (Brab.)

Ground area

8,074 m²

Parcel 23015B0091/00A004, Flanders. Linked by address, not a title deed.

1 establishment unit

De Kleetlaan 7B, 1831 Machelen (Brab.)

Air transport