OKISWITCH
ActiveSummary
OKISWITCH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €274k and a net result of €248k. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency55▼-4
Growth85=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.36 in 2024; short-term debt: 70.2% and cash: 46.7% of total assets), and 70.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.8%
Return on assets
27%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-07-2026, 27 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
27 d early
2024
69 d early
2023
10 d early
2022
29 d early
2021
30 d early
2020
35 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.59M▲ 26.6%
2023 · €2.05M
2019: €662klowest value
2021: €1.54M
2022: €1.82M▲ +18.8% vs 2021
2023: €2.05M▲ +12.2% vs 2022
2025: €2.59Mhighest value
2019 → 2025
EBIT margin
13.7%▼ 15.0pp
2023 · 28.8%
2019: 1.9%lowest value
2021: 14.2%
2022: 26.0%▲ +83.8% vs 2021
2023: 28.8%▲ +10.4% vs 2022highest value
2025: 13.7%
2019 → 2025
Net result
€248k▼ 37.6%
2024 · €397k
2019: €7klowest in 7 years
2020: €101k▲ +1373% vs 2019
2021: €159k▲ +57.6% vs 2020
2022: €350k▲ +119% vs 2021
2023: €419k▲ +19.8% vs 2022highest in 7 years
2024: €397k▼ -5.3% vs 2023
2025: €248k▼ -37.6% vs 2024
2019 → 2025
Working capital
€207k▼ 11.1%
2024 · €233k
2019: €-13k
2020: €103k▲ +872% vs 2019
2021: €144k▲ +40.0% vs 2020
2022: €-23k▼ -116% vs 2021lowest in 7 years
2023: €87k▲ +480% vs 2022
2024: €233k▲ +167% vs 2023highest in 7 years
2025: €207k▼ -11.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.54M-€1.82M▲ 18.8%€2.05M▲ 12.2%€2.59M
2021: €1.54Mlowest value
2022: €1.82M▲ +18.8% vs 2021
2023: €2.05M▲ +12.2% vs 2022
2025: €2.59Mhighest value
Equity€168k-€9k▼ 94.8%€228k▲ 2,492%€326k▲ 42.7%€274k▼ 16.0%
2021: €168k
2022: €9k▼ -94.8% vs 2021lowest in 5 years
2023: €228k▲ +2492% vs 2022
2024: €326k▲ +42.7% vs 2023highest in 5 years
2025: €274k▼ -16.0% vs 2024
Operating result€217k-€475k▲ 118%€588k▲ 23.8%€529k▼ 10.0%€355k▼ 32.9%
2021: €217klowest in 5 years
2022: €475k▲ +118% vs 2021
2023: €588k▲ +23.8% vs 2022highest in 5 years
2024: €529k▼ -10.0% vs 2023
2025: €355k▼ -32.9% vs 2024
Net result€159k-€350k▲ 119%€419k▲ 19.8%€397k▼ 5.3%€248k▼ 37.6%
2021: €159klowest in 5 years
2022: €350k▲ +119% vs 2021
2023: €419k▲ +19.8% vs 2022highest in 5 years
2024: €397k▼ -5.3% vs 2023
2025: €248k▼ -37.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €918k
Fixed assets
€66k ▼ 28.4%
Current assets
€852k ▼ 2.9%
Equity and liabilities €918k
Equity
€274k ▼ 16.0%
Debt
€644k ▲ 0.1%
Debt's share of the balance-sheet total rises from 66.4% to 70.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€417k▼
2024 · €589k
Cash flow
€309k▼
2024 · €457k
Current ratio
1.32▼
2024 · 1.36
Debt to equity
2.36▲
2024 · 1.98
ROE
90.6%▼
2024 · 122.0%
ROA
27.0%▼
2024 · 41.0%
Interest coverage
144.26▲
2024 · -57.03
Debt ≤ 1 year
€644k▲
2024 · €644k
Income taxes
€104k▼
2024 · €143k
Staff costs
€118k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€970k€918k▼
Fixed assets21/28€92k€66k▼
Tangible fixed assets22/27€92k€66k▼
Plant, machinery and equipment23€61k€29k▼
Furniture and vehicles24€18k€4k▼
Other tangible fixed assets26€14k€34k▲
Financial fixed assets28-€396
Current assets29/58€877k€852k▼
Amounts receivable within one year40/41€519k€322k▼
Trade receivables40€489k€322k▼
Other amounts receivable41€30k-
Current investments50/53€100k€101k▲
Cash at bank and in hand54/58€258k€428k▲
Equity and liabilities
Total equity and liabilities10/49€970k€918k▼
Equity10/15€326k€274k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€318k€266k▼
Amounts payable17/49€644k€644k▲
Amounts payable within one year42/48€644k€644k▲
Trade debts44€270k€154k▼
Suppliers440/4€270k€154k▼
Taxes, remuneration and social security45€112k€184k▲
Taxes450/3€112k€167k▲
Remuneration and social security454/9-€17k
Other amounts payable47/48€262k€307k▲
Income statement
Code20242025
Turnover70-€2.59M
Goods, raw materials, services and sundry goods60/61-€2.10M
Remuneration, social security and pensions62-€118k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€62k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€590k€536k▼
Operating profit (loss)9901€529k€355k▼
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€-10k€3k▲
Recurring financial charges65€-10k€3k▲
Profit (loss) for the period before taxes9903€541k€352k▼
Income taxes67/77€143k€104k▼
Profit (loss) for the period9904€397k€248k▼
Profit (loss) for the period to be appropriated9905€397k€248k▼
Appropriation of the result
Profit (loss) to be appropriated9906€618k€566k▼
Profit (loss) brought forward from the previous period14P€220k€318k▲
Profit to be distributed694/7€300k€300k=
Return on contributions (dividend)694€300k€300k=
Social balance
Average headcount (FTE)9087-1.8
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.54M | €1.82M | €2.05M | - | €2.59M | - |
| Goods, raw materials, services and sundry goods60/61 | - | €1.34M | €1.44M | - | €2.10M | - |
| Remuneration, social security and pensions62 | - | - | - | - | €118k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €12k | €29k | €60k | €62k | ▲ 2.5% |
| Other operating charges640/8 | - | €509 | €2k | €1k | €1k | ▲ 3.0% |
| Gross operating margin9900 | €235k | €487k | €619k | €590k | €536k | ▼ 9.2% |
| Operating profit (loss)9901 | €217k | €475k | €588k | €529k | €355k | ▼ 32.9% |
| Financial income75/76B | - | €11 | €380 | €1k | €0 | ▼ 100.0% |
| Recurring financial income75 | €0 | €11 | €380 | €1k | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €657 | €14k | €-10k | €3k | ▲ 128% |
| Recurring financial charges65 | €535 | €657 | €14k | €-10k | €3k | ▲ 128% |
| Profit (loss) for the period before taxes9903 | €217k | €474k | €574k | €541k | €352k | ▼ 34.9% |
| Income taxes67/77 | €57k | €124k | €155k | €143k | €104k | ▼ 27.3% |
| Profit (loss) for the period9904 | €159k | €350k | €419k | €397k | €248k | ▼ 37.6% |
| Profit (loss) for the period to be appropriated9905 | €159k | €350k | €419k | €397k | €248k | ▼ 37.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442k | €870k | €911k | €970k | €918k | ▼ 5.3% |
| Fixed assets21/28 | €24k | €32k | €141k | €92k | €66k | ▼ 28.4% |
| Tangible fixed assets22/27 | €24k | €32k | €141k | €92k | €66k | ▼ 28.8% |
| Plant, machinery and equipment23 | - | €18k | €95k | €61k | €29k | ▼ 53.1% |
| Furniture and vehicles24 | - | €12k | €35k | €18k | €4k | ▼ 80.0% |
| Other tangible fixed assets26 | - | €2k | €11k | €14k | €34k | ▲ 145% |
| Financial fixed assets28 | - | - | - | - | €396 | - |
| Current assets29/58 | €418k | €838k | €770k | €877k | €852k | ▼ 2.9% |
| Amounts receivable within one year40/41 | €118k | €279k | €522k | €519k | €322k | ▼ 37.9% |
| Trade receivables40 | - | €212k | €414k | €489k | €322k | ▼ 34.1% |
| Other amounts receivable41 | - | €67k | €107k | €30k | - | - |
| Current investments50/53 | €102k | €102k | €89k | €100k | €101k | ▲ 0.6% |
| Cash at bank and in hand54/58 | €198k | €457k | €159k | €258k | €428k | ▲ 66.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442k | €870k | €911k | €970k | €918k | ▼ 5.3% |
| Equity10/15 | €168k | €9k | €228k | €326k | €274k | ▼ 16.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Uncalled capital101 | - | €12k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €160k | €746 | €220k | €318k | €266k | ▼ 16.4% |
| Amounts payable17/49 | €274k | €861k | €683k | €644k | €644k | ▲ 0.1% |
| Amounts payable within one year42/48 | €274k | €861k | €683k | €644k | €644k | ▲ 0.1% |
| Trade debts44 | €272k | €385k | €403k | €270k | €154k | ▼ 43.0% |
| Suppliers440/4 | - | €385k | €403k | €270k | €154k | ▼ 43.0% |
| Taxes, remuneration and social security45 | - | €177k | €105k | €112k | €184k | ▲ 63.7% |
| Taxes450/3 | - | €177k | €105k | €112k | €167k | ▲ 48.7% |
| Remuneration and social security454/9 | - | - | - | - | €17k | - |
| Other amounts payable47/48 | - | €299k | €175k | €262k | €307k | ▲ 17.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €159k | €350k | €419k | €397k | €248k | ▼ 37.6% |
| + Depreciation and write-downs630 | €18k | €12k | €29k | €60k | €62k | ▲ 2.5% |
| Operating cash flow (approximation) | €177k | €362k | €449k | €457k | €309k | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | €-20k | €-138k | €-12k | €-35k | ▼ 205% |
| Change in cash | - | €259k | €-298k | €98k | €171k | ▲ 73.5% |
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
2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2019net €419k ▲19.8%
Operating result €588k, net result €419k, both a record.
30-09
Financial
Equity above €200kEq €228k ▲2,492%
5 profitable years in a row build equity to €228k.
01-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Equity above €150kEq €168k ▲1,930%
3 profitable years in a row build equity to €168k.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 2018
Ground area
2,338 m²
Building footprint
1,042 m²
Volume, LiDAR
11,092 m³
2 parcels, Brussels, Flanders · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Okiswitch
since 20182.281.678.639
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078C0004/00P000 | Flanders | 1,456 m² | 1 · 578 m² | 8.7 m · 3 fl. |
| 21012A0168/00H011 | Brussels | 882 m² | 1 · 464 m² | 17.7 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
8755009CY62JHM1QXL44
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Of 1,319 companies in sector 59111 we hold annual accounts for 687. 416 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
Founded26-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59114Motion picture, video and television programme production, sound recording and music publishing activities
Scores and ratios are computed by Checked and are not a credit decision.