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OFF THE ROCKS

Active
Private limited company (pre-2019)founded 20187 yrs activeLeuvensesteenweg 533, 1930 Zaventem, BelgiumKBO/BCE: BE 0715.727.168
Summary

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
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
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.
Credit check for your own amount and term

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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
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 filings
Deviation 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)
neutral · 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 2024, abbreviated schema

Equity
€377k▲ 8.8%
2023 · €347k
2020: €138klowest in 5 years 2021: €191k▲ +38.3% vs 2020 2022: €287k▲ +50.2% vs 2021 2023: €347k▲ +20.7% vs 2022 2024: €377k▲ +8.8% vs 2023highest in 5 years
2020 → 2024
Total assets
€651k▲ 16.7%
2023 · €558k
2020: €229klowest in 5 years 2021: €292k▲ +27.2% vs 2020 2022: €518k▲ +77.2% vs 2021 2023: €558k▲ +7.8% vs 2022 2024: €651k▲ +16.7% vs 2023highest in 5 years
2020 → 2024
Net result
€105k▲ 77.2%
2023 · €60k
2020: €60k 2021: €53k▼ -12.4% vs 2020lowest in 5 years 2022: €84k▲ +58.1% vs 2021 2023: €60k▼ -28.9% vs 2022 2024: €105k▲ +77.2% vs 2023highest in 5 years
2020 → 2024
Working capital
€269k▲ 9.7%
2023 · €245k
2020: €138klowest in 5 years 2021: €191k▲ +38.5% vs 2020 2022: €193k▲ +0.9% vs 2021 2023: €245k▲ +27.0% vs 2022 2024: €269k▲ +9.7% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€138k-€191k▲ 38.3%€287k▲ 50.2%€347k▲ 20.7%€377k▲ 8.8% 2020: €138klowest in 5 years 2021: €191k▲ +38.3% vs 2020 2022: €287k▲ +50.2% vs 2021 2023: €347k▲ +20.7% vs 2022 2024: €377k▲ +8.8% vs 2023highest in 5 years
Operating result€78k-€56k▼ 28.1%€90k▲ 60.9%€73k▼ 18.6%€105k▲ 43.4% 2020: €78k 2021: €56k▼ -28.1% vs 2020lowest in 5 years 2022: €90k▲ +60.9% vs 2021 2023: €73k▼ -18.6% vs 2022 2024: €105k▲ +43.4% vs 2023highest in 5 years
Net result€60k-€53k▼ 12.4%€84k▲ 58.1%€60k▼ 28.9%€105k▲ 77.2% 2020: €60k 2021: €53k▼ -12.4% vs 2020lowest in 5 years 2022: €84k▲ +58.1% vs 2021 2023: €60k▼ -28.9% vs 2022 2024: €105k▲ +77.2% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100kOperating result 2020: €78k€78kNet result 2020: €60k€60kOperating result 2021: €56k€56kNet result 2021: €53k€53kOperating result 2022: €90k€90kNet result 2022: €84k€84kOperating result 2023: €73k€73kNet result 2023: €60k€60kOperating result 2024: €105k€105kNet result 2024: €105k€105k20202021202220232024€0€50k€100kOperating result 2022: €90k€90kNet result 2022: €84k€84kOperating result 2023: €73k€73kNet result 2023: €60k€60kOperating result 2024: €105k€105kNet result 2024: €105k€105k202220232024
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
2024 value · change against 2023
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.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€558k€651k▲
Fixed assets21/28€163k€158k▼
Tangible fixed assets22/27€20k€15k▼
Furniture and vehicles24€20k€15k▼
Financial fixed assets28€144k€144k=
Current assets29/58€394k€493k▲
Amounts receivable within one year40/41€386k€476k▲
Other amounts receivable41€386k€476k▲
Cash at bank and in hand54/58€8k€17k▲
Equity and liabilities
Total equity and liabilities10/49€558k€651k▲
Equity10/15€347k€377k▲
Contributions10/11€19k€19k=
Reserves13€328k€359k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€327k€357k▲
Amounts payable17/49€211k€274k▲
Amounts payable after more than one year17€61k€50k▼
Financial debts170/4€61k€50k▼
Amounts payable within one year42/48€149k€224k▲
Current portion of amounts payable after more than one year42€13k€13k▼
Financial debts43€1k€1▼
Credit institutions430/8€1k€1▼
Trade debts44€42k€48k▲
Suppliers440/4€42k€48k▲
Taxes, remuneration and social security45€46k€45k▼
Taxes450/3€46k€45k▼
Other amounts payable47/48€47k€118k▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€2k€497▼
Gross operating margin9900€82k€113k▲
Operating profit (loss)9901€73k€105k▲
Financial income75/76B€13k€17k▲
Recurring financial income75€13k€17k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€86k€121k▲
Income taxes67/77€26k€15k▼
Profit (loss) for the period9904€60k€105k▲
Profit (loss) for the period to be appropriated9905€60k€105k▲
Appropriation of the result
Profit (loss) to be appropriated9906€60k€105k▲
Transfer to equity691/2€60k€30k▼
To other reserves6921€60k€30k▼
Profit to be distributed694/7-€75k
Directors or managers695-€75k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
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%
Line20202021202220232024Change
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%
Line20202021202220232024Change
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.

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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
seat establishment The establishment unit on the map
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
Leuvensesteenweg 533, 1930 ZaventemComputer programming, consultancy and related activities
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

Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 13,051 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.