O2T
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-05-2026 PDF all 23 filings
Turnover
€0
2020 · €0
Total assets
€61,304▲ 96.8%
2024 · €31,154
Net result
€30,039
2024 · €0
Working capital
€31,183▲ 27×
2024 · €1,144
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€30,082
2025
20182025
Net result
€30,039
2025
middle half of the sector
20182025
Equity
€31,183
▲ 27×
2025
middle half of the sector
20182025
Total assets
€61,304
▲ 96.8%
2025
lowest quarter of the sector
20182025
Debt
€30,121
▲ 0.4%
2025
20182025
Working capital
€31,183
▲ 27×
2025
middle half of the sector
20182025
Solvency
50.9%
▲ 47.2pp
2025
middle half of the sector
20182025
Current ratio
2.04
▲ 1.00
2025
middle half of the sector
20182025
Return on assets (ROA)
49.0%
▲ 49.0pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0€0€0
Operating result-€2,495--€7,598▼ 205%-€10,387▼ 36.7%-€4,082▲ 60.7%-€4,011▲ 1.7%-€7,207▼ 79.7%€0€30,082
Net result-€2,745--€7,839▼ 186%-€10,501below the sector's middle half▼ 34.0%-€4,194below the sector's middle half▲ 60.1%-€4,048below the sector's middle half▲ 3.5%-€7,245below the sector's middle half▼ 79.0%€0below the sector's middle half€30,039within the sector's middle half
Equity€17,226-€9,388▼ 45.5%-€1,113below the sector's middle half€693below the sector's middle half€1,145below the sector's middle half▲ 65.2%€1,144below the sector's middle half▼ 0.1%€1,144below the sector's middle half=€31,183within the sector's middle half▲ 27×
Total assets€57,605-€61,256▲ 6.3%€50,795below the sector's middle half▼ 17.1%€53,907below the sector's middle half▲ 6.1%€39,813below the sector's middle half▼ 26.1%€33,596below the sector's middle half▼ 15.6%€31,154below the sector's middle half▼ 7.3%€61,304below the sector's middle half▲ 96.8%
Debt€40,379-€51,868▲ 28.5%€51,909▲ 0.1%€53,214▲ 2.5%€38,668▼ 27.3%€32,452▼ 16.1%€30,010▼ 7.5%€30,121▲ 0.4%
Working capital€15,971--€20,793-€23,643below the sector's middle half▼ 13.7%-€14,327below the sector's middle half▲ 39.4%-€6,365below the sector's middle half▲ 55.6%€1,144below the sector's middle half€1,144below the sector's middle half=€31,183within the sector's middle half▲ 27×
Solvency29.9%-15.3%▼ 14.6pp-2.2%below the sector's middle half▼ 17.5pp1.3%below the sector's middle half▲ 3.5pp2.9%below the sector's middle half▲ 1.6pp3.4%below the sector's middle half▲ 0.5pp3.7%below the sector's middle half▲ 0.3pp50.9%within the sector's middle half▲ 47.2pp
Current ratio1.40-0.60▼ 0.800.54below the sector's middle half▼ 0.050.73below the sector's middle half▲ 0.190.84below the sector's middle half▲ 0.101.04below the sector's middle half▲ 0.201.04below the sector's middle half=2.04within the sector's middle half▲ 1.00
Return on assets (ROA)-4.8%--12.8%▼ 8.0pp-20.7%below the sector's middle half▼ 7.9pp-7.8%below the sector's middle half▲ 12.9pp-10.2%below the sector's middle half▼ 2.4pp-21.6%below the sector's middle half▼ 11.4pp0.0%below the sector's middle half▲ 21.6pp49.0%above the sector's middle half▲ 49.0pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is €30,082, after a result of zero in 2024. It is the highest result since 2021. It is the second rise in a row, after the fall in 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €61,304
Equity
€31,183 ▲ 27×
Debt
€30,121 ▲ 0.4%
Debt's share of the balance-sheet total falls from 96.3% to 49.1%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.97▼
2024 · 26.23
ROE
96.3%▲
2024 · 0.0%
Debt ≤ 1 year
€30,121▲
2024 · €30,010
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €0 | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €695 | €7,651 | €7,651 | €7,510 | €7,510 | €7,510 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €475 | €475 | €384 | €0 | €399 | - |
| Gross operating margin9900 | -€1,172 | €844 | -€2,260 | €3,903 | €3,974 | €687 | €0 | €30,481 | - |
| Operating profit (loss)9901 | -€2,495 | -€7,598 | -€10,387 | -€4,082 | -€4,011 | -€7,207 | €0 | €30,082 | - |
| Recurring financial income75 | - | €0 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €112 | €37 | €38 | - | €43 | - |
| Recurring financial charges65 | €114 | €124 | €0 | €112 | €37 | €38 | - | €43 | - |
| Profit (loss) for the period before taxes9903 | -€2,609 | -€7,722 | -€10,387 | -€4,194 | -€4,048 | -€7,245 | €0 | €30,039 | - |
| Income taxes67/77 | €136 | €117 | €114 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,745 | -€7,839 | -€10,501 | -€4,194 | -€4,048 | -€7,245 | €0 | €30,039 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,745 | -€7,839 | -€10,501 | -€4,194 | -€4,048 | -€7,245 | €0 | €30,039 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €57,605 | €61,256 | €50,795 | €53,907 | €39,813 | €33,596 | €31,154 | €61,304 | ▲ 96.8% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | €1,255 | €30,181 | €22,530 | €15,020 | €7,510 | €0 | €0 | - | - |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €1,255 | €30,181 | €22,530 | €15,020 | €7,510 | €0 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €15,020 | €7,510 | €0 | €0 | - | - |
| Current assets29/58 | €56,350 | €31,075 | €28,265 | €38,887 | €32,303 | €33,596 | €31,154 | €61,304 | ▲ 96.8% |
| Amounts receivable within one year40/41 | €37,413 | €6,374 | €0 | €13,870 | €1,485 | €116 | €89 | €832 | ▲ 835% |
| Trade receivables40 | - | - | - | €11,253 | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €2,617 | €1,485 | €116 | €89 | €832 | ▲ 835% |
| Cash at bank and in hand54/58 | €18,936 | €24,700 | €28,265 | €25,017 | €30,818 | €33,480 | €31,065 | €60,472 | ▲ 94.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €57,605 | €61,256 | €50,795 | €53,907 | €39,813 | €33,596 | €31,154 | €61,304 | ▲ 96.8% |
| Equity10/15 | €17,226 | €9,388 | -€1,113 | €693 | €1,145 | €1,144 | €1,144 | €31,183 | ▲ 27× |
| Contributions10/11 | €18,600 | €18,600 | €0 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €6,160 | €6,160 | €6,160 | €6,160 | €6,160 | €6,160 | €6,160 | €6,160 | = |
| Non-distributable reserves130/1 | - | - | - | €1,160 | €1,160 | €1,160 | €1,160 | €1,160 | = |
| Reserves not available under the articles1311 | - | - | - | €1,160 | €1,160 | €1,160 | €1,160 | €1,160 | = |
| Distributable reserves133 | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€7,534 | -€15,372 | -€25,873 | -€24,067 | -€23,615 | -€23,616 | -€23,616 | €6,423 | - |
| Amounts payable17/49 | €40,379 | €51,868 | €51,909 | €53,214 | €38,668 | €32,452 | €30,010 | €30,121 | ▲ 0.4% |
| Amounts payable within one year42/48 | €40,379 | €51,868 | €51,908 | €53,214 | €38,668 | €32,452 | €30,010 | €30,121 | ▲ 0.4% |
| Trade debts44 | €34,142 | €139 | €16 | €10,612 | €0 | - | - | - | - |
| Suppliers440/4 | - | - | - | €10,612 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €42,602 | €38,668 | €32,452 | €30,010 | €30,121 | ▲ 0.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,745 | -€7,839 | -€10,501 | -€4,194 | -€4,048 | -€7,245 | €0 | €30,039 | - |
| + Depreciation and write-downs630 | €695 | €7,651 | €7,651 | €7,510 | €7,510 | €7,510 | €0 | - | - |
| Operating cash flow (approximation) | -€2,050 | -€188 | -€2,850 | €3,316 | €3,462 | €265 | €0 | €30,039 | - |
| Investment in fixed assets (approximation) | - | -€36,577 | €0 | -€0 | €0 | €0 | €0 | - | - |
| Change in cash | - | €5,764 | €3,565 | -€3,248 | €5,801 | €2,662 | -€2,415 | €29,407 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as O2T has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of O2T itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for O2T. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-05-2026 | 2026-00121705 | |
| 31-12-2024 | micro format | 27-05-2025 | 2025-00107254 | |
| 31-12-2023 | micro format | 20-05-2024 | 2024-00090585 | |
| 31-12-2022 | micro format | 19-05-2023 | 2023-00090076 | |
| 31-12-2021 | micro format | 19-05-2022 | 2022-20029776 | |
| 31-12-2020 | micro format | 24-06-2021 | 2021-23800400 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-21000309 | |
| 31-12-2018 | micro format | 20-06-2019 | 2019-20300435 | |
| 31-12-2017 | micro format | 13-06-2018 | 2018-18300359 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-19800561 |