O_tec
ActiveSummary
O_tec has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €233,159 and a net result of €36,708. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 5897 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+5
Solvency87▲+13
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.48 in 2023; short-term debt: 12.1% and cash: 4.6% of total assets), and 38.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
47 d late
2022
26 d late
2021
22 d late
2020
17 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€233,159▲ 18.7%
2023 · €196,451
Total assets
€376,510▼ 6.8%
2023 · €404,003
Net result
€36,708▲ 63.4%
2023 · €22,461
Working capital
-€28,573▲ 40.6%
2023 · -€48,106
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€52,296▲ 107%€63,771▲ 21.9%€37,270▼ 41.6%€31,859▼ 14.5%€52,168▲ 63.8%
Net result€33,459▲ 110%€43,970▲ 31.4%€24,664▼ 43.9%€22,461▼ 8.9%€36,708▲ 63.4%
Equity€105,357▲ 46.5%€149,327▲ 41.7%€173,991▲ 16.5%€196,451▲ 12.9%€233,159▲ 18.7%
Total assets€389,789▼ 5.2%€391,628▲ 0.5%€383,895▼ 2.0%€404,003▲ 5.2%€376,510▼ 6.8%
Debt€284,432▼ 16.2%€242,301▼ 14.8%€209,904▼ 13.4%€207,551▼ 1.1%€143,351▼ 30.9%
Working capital-€55,884▲ 4.5%-€50,019▲ 10.5%-€92,544▼ 85.0%-€48,106▲ 48.0%-€28,573▲ 40.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 64% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €376,510
Fixed assets
€359,342 ▼ 0.2%
Current assets
€17,168 ▼ 61.0%
Equity and liabilities €376,510
Equity
€233,159 ▲ 18.7%
Debt
€143,351 ▼ 30.9%
Debt's share of the balance-sheet total falls from 51.4% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,240▲
2023 · €40,818
Cash flow
€48,779▲
2023 · €31,420
Current ratio
0.38▼
2023 · 0.48
Debt to equity
0.61▼
2023 · 1.06
ROE
15.7%▲
2023 · 11.4%
ROA
9.7%▲
2023 · 5.6%
Interest coverage
50.35▼
2023 · 359.89
Debt ≤ 1 year
€45,741▼
2023 · €92,182
Debt > 1 year
€97,610▼
2023 · €115,369
Income taxes
€14,510▲
2023 · €9,284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,904 | €8,377 | €8,960 | €8,960 | €12,072 | ▲ 34.7% |
| Other operating charges640/8 | - | €2,119 | €2,086 | €3,427 | €2,337 | ▼ 31.8% |
| Gross operating margin9900 | €81,665 | €74,268 | €48,316 | €44,245 | €66,577 | ▲ 50.5% |
| Operating profit (loss)9901 | €52,296 | €63,771 | €37,270 | €31,859 | €52,168 | ▲ 63.8% |
| Financial income75/76B | - | €400 | - | - | €326 | - |
| Recurring financial income75 | - | €400 | - | - | €326 | - |
| Financial charges65/66B | - | €3,588 | €2,874 | €113 | €1,276 | ▲ 1,025% |
| Recurring financial charges65 | €6,521 | €3,588 | €2,874 | €113 | €1,276 | ▲ 1,025% |
| Profit (loss) for the period before taxes9903 | €45,775 | €60,584 | €34,396 | €31,745 | €51,218 | ▲ 61.3% |
| Income taxes67/77 | €12,316 | €16,614 | €9,732 | €9,284 | €14,510 | ▲ 56.3% |
| Profit (loss) for the period9904 | €33,459 | €43,970 | €24,664 | €22,461 | €36,708 | ▲ 63.4% |
| Profit (loss) for the period to be appropriated9905 | €33,459 | €43,970 | €24,664 | €22,461 | €36,708 | ▲ 63.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389,789 | €391,628 | €383,895 | €404,003 | €376,510 | ▼ 6.8% |
| Fixed assets21/28 | €383,701 | €377,846 | €368,887 | €359,927 | €359,342 | ▼ 0.2% |
| Tangible fixed assets22/27 | €383,701 | €377,846 | €368,887 | €359,927 | €359,342 | ▼ 0.2% |
| Land and buildings22 | - | €375,582 | €367,463 | €359,345 | €351,226 | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €2,264 | €1,423 | €583 | €647 | ▲ 11.0% |
| Furniture and vehicles24 | - | - | - | - | €7,470 | - |
| Current assets29/58 | €6,088 | €13,782 | €15,008 | €44,076 | €17,168 | ▼ 61.0% |
| Amounts receivable within one year40/41 | €910 | - | - | €8,676 | - | - |
| Trade receivables40 | - | - | - | €8,676 | - | - |
| Cash at bank and in hand54/58 | €5,178 | €13,782 | €15,008 | €35,400 | €17,168 | ▼ 51.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389,789 | €391,628 | €383,895 | €404,003 | €376,510 | ▼ 6.8% |
| Equity10/15 | €105,357 | €149,327 | €173,991 | €196,451 | €233,159 | ▲ 18.7% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €27,572 | €27,572 | €27,572 | €27,572 | €27,572 | = |
| Non-distributable reserves130/1 | - | €17,440 | €17,440 | €17,440 | €17,440 | = |
| Reserves not available under the articles1311 | - | €17,440 | €17,440 | €17,440 | €17,440 | = |
| Tax-exempt reserves132 | - | €10,132 | €10,132 | €10,132 | €10,132 | = |
| Profit (loss) carried forward14 | €74,786 | €118,756 | €143,419 | €165,880 | €202,588 | ▲ 22.1% |
| Amounts payable17/49 | €284,432 | €242,301 | €209,904 | €207,551 | €143,351 | ▼ 30.9% |
| Amounts payable after more than one year17 | €222,460 | €178,500 | €102,352 | €115,369 | €97,610 | ▼ 15.4% |
| Financial debts170/4 | - | €178,500 | €102,352 | €115,369 | €97,610 | ▼ 15.4% |
| Amounts payable within one year42/48 | €61,972 | €63,801 | €107,552 | €92,182 | €45,741 | ▼ 50.4% |
| Current portion of amounts payable after more than one year42 | - | - | €37,381 | €30,752 | €14,822 | ▼ 51.8% |
| Trade debts44 | - | - | - | €9,732 | €145 | ▼ 98.5% |
| Suppliers440/4 | - | - | - | €9,732 | €145 | ▼ 98.5% |
| Taxes, remuneration and social security45 | - | €34,301 | €30,447 | €12,577 | €28,673 | ▲ 128% |
| Taxes450/3 | - | €34,301 | €30,447 | €12,577 | €28,673 | ▲ 128% |
| Other amounts payable47/48 | - | €29,500 | €39,724 | €39,122 | €2,100 | ▼ 94.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,459 | €43,970 | €24,664 | €22,461 | €36,708 | ▲ 63.4% |
| + Depreciation and write-downs630 | €26,904 | €8,377 | €8,960 | €8,960 | €12,072 | ▲ 34.7% |
| Operating cash flow (approximation) | €60,362 | €52,347 | €33,623 | €31,420 | €48,779 | ▲ 55.2% |
| Investment in fixed assets (approximation) | - | -€2,523 | €0 | €0 | -€11,487 | - |
| Change in cash | - | €8,604 | €1,226 | €20,391 | -€18,232 | ▼ 189% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
31-12
Financial
Equity above €200,000Eq €233,159 ▲18.7%
7 profitable years in a row build equity to €233,159.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-12
Financial
Equity above €150,000Eq €173,991 ▲16.5%
5 profitable years in a row build equity to €173,991.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €43,970 ▲31.4%
Operating result €63,771, net result €43,970, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €105,357 ▲46.5%
3 profitable years in a row build equity to €105,357.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €15,944 ▼59%
Net result drops to €15,944, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Beringen · 1 establishment unit since 2016
Ground area
1,296 m²
Building footprint
263 m²
Volume, LiDAR
640 m³
2 parcels, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
O_tec
since 20162.257.647.284
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522D0896/00B000 | Flanders | 802 m² | 1 · 144 m² | - |
| 71522C0006/00C019 | Flanders | 494 m² | 1 · 119 m² | 11.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. 1,758 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
Contact
E-mail
otec.bvba@gmail.comBeringen
Phone
0487146992Beringen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660891979
Also
9925:BE0660891979
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.