OFF THE ROCKS
ActiveSummary
OFF THE ROCKS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €377k and a net result of €105k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▲+7
Solvency83▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days only on tighter terms
Liquidity ample (current ratio 2.2 against 2.64 in 2023; short-term debt: 34.4% and cash: 2.6% of total assets), and 42% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
240 d late
2022
150 d late
2021
115 d late
2020
151 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Equity
€377k▲ 8.8%
2023 · €347k
Total assets
€651k▲ 16.7%
2023 · €558k
Net result
€105k▲ 77.2%
2023 · €60k
Working capital
€269k▲ 9.7%
2023 · €245k
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€78k-€56k▼ 28.1%€90k▲ 60.9%€73k▼ 18.6%€105k▲ 43.4%
Net result€60k-€53k▼ 12.4%€84k▲ 58.1%€60k▼ 28.9%€105k▲ 77.2%
Equity€138k-€191k▲ 38.3%€287k▲ 50.2%€347k▲ 20.7%€377k▲ 8.8%
Total assets€229k-€292k▲ 27.2%€518k▲ 77.2%€558k▲ 7.8%€651k▲ 16.7%
Debt€91k-€101k▲ 10.5%€230k▲ 129%€211k▼ 8.4%€274k▲ 29.8%
Working capital€138k-€191k▲ 38.5%€193k▲ 0.9%€245k▲ 27.0%€269k▲ 9.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 43% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €651k
Fixed assets
€158k ▼ 3.0%
Current assets
€493k ▲ 24.9%
Equity and liabilities €651k
Equity
€377k ▲ 8.8%
Debt
€274k ▲ 29.8%
Debt's share of the balance-sheet total rises from 37.8% to 42.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€113k▲
2023 · €80k
Cash flow
€113k▲
2023 · €66k
Current ratio
2.20▼
2023 · 2.64
Debt to equity
0.72▲
2023 · 0.61
ROE
27.9%▲
2023 · 17.2%
ROA
16.2%▲
2023 · 10.7%
Interest coverage
83.74▲
2023 · 59.15
Debt ≤ 1 year
€224k▲
2023 · €149k
Debt > 1 year
€50k▼
2023 · €61k
Income taxes
€15k▼
2023 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €253 | €253 | €544 | €7k | €7k | ▲ 6.0% |
| Other operating charges640/8 | - | €348 | - | €2k | €497 | ▼ 75.2% |
| Gross operating margin9900 | €79k | €57k | €91k | €82k | €113k | ▲ 37.4% |
| Operating profit (loss)9901 | €78k | €56k | €90k | €73k | €105k | ▲ 43.4% |
| Financial income75/76B | - | €12k | €10k | €13k | €17k | ▲ 23.8% |
| Recurring financial income75 | €0 | €12k | €10k | €13k | €17k | ▲ 23.8% |
| Financial charges65/66B | - | €101 | €426 | €1k | €1k | ▼ 0.9% |
| Recurring financial charges65 | €610 | €101 | €426 | €1k | €1k | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | €77k | €67k | €100k | €86k | €121k | ▲ 41.0% |
| Income taxes67/77 | €17k | €14k | €16k | €26k | €15k | ▼ 41.8% |
| Profit (loss) for the period9904 | €60k | €53k | €84k | €60k | €105k | ▲ 77.2% |
| Profit (loss) for the period to be appropriated9905 | €60k | €53k | €84k | €60k | €105k | ▲ 77.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €229k | €292k | €518k | €558k | €651k | ▲ 16.7% |
| Fixed assets21/28 | €253 | - | €169k | €163k | €158k | ▼ 3.0% |
| Tangible fixed assets22/27 | €253 | - | €26k | €20k | €15k | ▼ 25.0% |
| Furniture and vehicles24 | - | - | €26k | €20k | €15k | ▼ 25.0% |
| Financial fixed assets28 | - | - | €144k | €144k | €144k | = |
| Current assets29/58 | €229k | €292k | €348k | €394k | €493k | ▲ 24.9% |
| Amounts receivable within one year40/41 | €174k | €227k | €310k | €386k | €476k | ▲ 23.2% |
| Trade receivables40 | - | €3k | €24k | - | - | - |
| Other amounts receivable41 | - | €223k | €285k | €386k | €476k | ▲ 23.2% |
| Cash at bank and in hand54/58 | €56k | €54k | €17k | €8k | €17k | ▲ 102% |
| Deferred charges and accrued income490/1 | - | €12k | €22k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €229k | €292k | €518k | €558k | €651k | ▲ 16.7% |
| Equity10/15 | €138k | €191k | €287k | €347k | €377k | ▲ 8.8% |
| Contributions10/11 | - | €6k | €19k | €19k | €19k | = |
| Reserves13 | €132k | €185k | €269k | €328k | €359k | ▲ 9.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €183k | €267k | €327k | €357k | ▲ 9.3% |
| Amounts payable17/49 | €91k | €101k | €230k | €211k | €274k | ▲ 29.8% |
| Amounts payable after more than one year17 | - | - | €75k | €61k | €50k | ▼ 19.2% |
| Financial debts170/4 | - | - | €75k | €61k | €50k | ▼ 19.2% |
| Amounts payable within one year42/48 | €91k | €101k | €155k | €149k | €224k | ▲ 49.9% |
| Current portion of amounts payable after more than one year42 | - | - | €12k | €13k | €13k | ▼ 3.8% |
| Financial debts43 | - | - | - | €1k | €1 | ▼ 99.9% |
| Credit institutions430/8 | - | - | - | €1k | €1 | ▼ 99.9% |
| Trade debts44 | €23k | €39k | €46k | €42k | €48k | ▲ 14.1% |
| Suppliers440/4 | - | €39k | €46k | €42k | €48k | ▲ 14.1% |
| Taxes, remuneration and social security45 | - | €35k | €39k | €46k | €45k | ▼ 2.1% |
| Taxes450/3 | - | €35k | €39k | €46k | €45k | ▼ 2.1% |
| Other amounts payable47/48 | - | €27k | €59k | €47k | €118k | ▲ 152% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60k | €53k | €84k | €60k | €105k | ▲ 77.2% |
| + Depreciation and write-downs630 | €253 | €253 | €544 | €7k | €7k | ▲ 6.0% |
| Operating cash flow (approximation) | €61k | €53k | €84k | €66k | €113k | ▲ 69.8% |
| Investment in fixed assets (approximation) | - | - | - | €-1k | €-2k | ▼ 83.9% |
| Change in cash | - | €-2k | €-37k | €-9k | €9k | ▲ 200% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 153 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 240 days late
2024
31-12
Financial
Highest result since 2020net €105k ▲77.2%
Operating result €105k, net result €105k, both a record.
2023
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 150 days late
2022
31-12
Financial
Equity above €200kEq €287k ▲50.2%
3 profitable years in a row build equity to €287k.
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 115 days late
2021
31-12
Financial
Weakest financial yearnet €53k ▼12.4%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €191k ▲38.3%
2 profitable years in a row build equity to €191k.
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 151 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, Zaventem · 1 establishment unit since 2018
Ground area
2,672 m²
Building footprint
443 m²
Volume, LiDAR
2,857 m³
Parcel 23772C0263/00A000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
OFF THE ROCKS
since 20182.282.544.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772C0263/00A000 | Flanders | 2,672 m² | 1 · 443 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
C-Quilibrium
BE 0472.621.711
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Think Wize
BE 0859.701.595
Gent · Eq €377,440
VRG CONSULTING
BE 0878.802.083
Rijkevorsel · Eq €377,630
PONO
BE 0800.970.669
Antwerpen · Eq €377,734
BMR - ENGINEERING
BE 0827.693.971
Rijkevorsel · Eq €377,752
Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 13,047 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 (pre-2019)
Founded12-12-2018
Fiscal year end31-12
Abbreviation NL
OTR
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
66300Activities auxiliary to financial services and insurance activities
Scores and ratios are computed by Checked and are not a credit decision.