OLTAVIDE
ActiveSummary
OLTAVIDE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€57,367) and a net result of €20,955. Equity is shrinking by ~44% per year across the filed fiscal years. Its solvency ranks better than 14% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+85
Solvency0=
Growth56▲+17
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.39 in 2023; short-term debt: 134.7% and cash: 10.7% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-34.7%
Return on assets
12.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 26040 sector peers (2024).
NBB · sector comparisonPosition among 26040 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
61 d late
2022
13 d early
2021
12 d late
2020
107 d late
2019
117 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 49 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€48,946▲ 15.4%
2020 · €42,398
EBIT margin
-9.6%▲ 3.7pp
2020 · -13.3%
Net result
€20,955
2023 · -€43,156
Working capital
-€129,164▼ 37.8%
2023 · -€93,728
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€42,398▲ 13.6%€48,946▲ 15.4%
Operating result-€5,635▲ 52.8%-€4,711▲ 16.4%-€12,068▼ 156%-€43,189▼ 258%€21,258
Net result-€6,709below the sector's middle half▲ 50.6%-€5,621below the sector's middle half▲ 16.2%-€12,284below the sector's middle half▼ 119%-€43,156below the sector's middle half▼ 251%€20,955within the sector's middle half
EBIT margin-13.3%▲ 18.7pp-9.6%▲ 3.7pp
Equity-€17,261below the sector's middle half▼ 63.6%-€22,882below the sector's middle half▼ 32.6%-€35,166below the sector's middle half▼ 53.7%-€78,322below the sector's middle half▼ 123%-€57,367below the sector's middle half▲ 26.8%
Total assets€159,901within the sector's middle half▲ 1.9%€135,667within the sector's middle half▼ 15.2%€110,807within the sector's middle half▼ 18.3%€76,514within the sector's middle half▼ 30.9%€165,498within the sector's middle half▲ 116%
Debt€177,161▲ 5.8%€158,548▼ 10.5%€145,973▼ 7.9%€154,836▲ 6.1%€222,865▲ 43.9%
Working capital-€38,783=-€42,122▼ 8.6%-€48,442▼ 15.0%-€93,728▼ 93.5%-€129,164▼ 37.8%
Solvency-10.8%below the sector's middle half▼ 4.1pp-16.9%below the sector's middle half▼ 6.1pp-31.7%below the sector's middle half▼ 14.9pp-102.4%below the sector's middle half▼ 70.6pp-34.7%below the sector's middle half▲ 67.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €21,258 after a loss of €43,189 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €165,498
Fixed assets
€71,797 ▲ 366%
Current assets
€93,701 ▲ 53.3%
Key figures and ratios
EBITDA
€33,250▲
2023 · -€36,356
Cash flow
€32,947▲
2023 · -€36,323
Current ratio
0.42▲
2023 · 0.39
Quick ratio
0.23▲
2023 · 0.21
Debt to equity
-3.88▼
2023 · -1.98
ROA
12.7%▲
2023 · -56.4%
Interest coverage
107.95▼
2023 · 50493.78
Debt ≤ 1 year
€222,865▲
2023 · €154,836
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
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 3,799 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €42,398 | €48,946 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €50,831 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,514 | €9,046 | €7,765 | €6,833 | €11,992 | ▲ 75.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€4,827 | €17,069 | - | - |
| Other operating charges640/8 | - | €1,877 | €1,245 | €6,068 | €4,088 | ▼ 32.6% |
| Gross operating margin9900 | €13,371 | €6,213 | -€7,885 | -€13,219 | €37,338 | ▲ 382% |
| Operating profit (loss)9901 | -€5,635 | -€4,711 | -€12,068 | -€43,189 | €21,258 | ▲ 149% |
| Financial income75/76B | - | €3 | €414 | €32 | €5 | ▼ 84.3% |
| Recurring financial income75 | €3 | €3 | €414 | €32 | €5 | ▼ 84.3% |
| Financial charges65/66B | - | €913 | €630 | -€1 | €308 | ▲ 42,878% |
| Recurring financial charges65 | €1,077 | €913 | €630 | -€1 | €308 | ▲ 42,878% |
| Profit (loss) for the period before taxes9903 | -€6,709 | -€5,621 | -€12,284 | -€43,156 | €20,955 | ▲ 149% |
| Profit (loss) for the period9904 | -€6,709 | -€5,621 | -€12,284 | -€43,156 | €20,955 | ▲ 149% |
| Profit (loss) for the period to be appropriated9905 | -€6,709 | -€5,621 | -€12,284 | -€43,156 | €20,955 | ▲ 149% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,901 | €135,667 | €110,807 | €76,514 | €165,498 | ▲ 116% |
| Formation expenses20 | €100 | - | - | - | - | - |
| Fixed assets21/28 | €29,988 | €21,041 | €13,276 | €15,407 | €71,797 | ▲ 366% |
| Tangible fixed assets22/27 | €29,838 | €20,891 | €13,126 | €15,257 | €71,647 | ▲ 370% |
| Land and buildings22 | - | €20,891 | €13,126 | €14,057 | €33,039 | ▲ 135% |
| Plant, machinery and equipment23 | - | - | - | - | €3,346 | - |
| Furniture and vehicles24 | - | - | - | €1,200 | €27,114 | ▲ 2,160% |
| Leasing and similar rights25 | - | - | - | - | €8,148 | - |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €129,813 | €114,625 | €97,531 | €61,107 | €93,701 | ▲ 53.3% |
| Stocks and contracts in progress3 | €103,090 | €92,239 | €61,627 | €29,246 | €43,173 | ▲ 47.6% |
| Stocks30/36 | - | €92,239 | €61,627 | €29,246 | €43,173 | ▲ 47.6% |
| Amounts receivable within one year40/41 | €3,649 | €781 | €1,736 | - | €32,869 | - |
| Trade receivables40 | - | €781 | €1,736 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €32,869 | - |
| Cash at bank and in hand54/58 | €23,075 | €21,606 | €34,168 | €31,861 | €17,659 | ▼ 44.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,901 | €135,667 | €110,807 | €76,514 | €165,498 | ▲ 116% |
| Equity10/15 | -€17,261 | -€22,882 | -€35,166 | -€78,322 | -€57,367 | ▲ 26.8% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Profit (loss) carried forward14 | -€79,761 | -€85,382 | -€97,666 | -€140,822 | -€119,867 | ▲ 14.9% |
| Amounts payable17/49 | €177,161 | €158,548 | €145,973 | €154,836 | €222,865 | ▲ 43.9% |
| Amounts payable after more than one year17 | €8,565 | €1,801 | - | - | - | - |
| Financial debts170/4 | - | €1,801 | - | - | - | - |
| Amounts payable within one year42/48 | €168,596 | €156,748 | €145,973 | €154,836 | €222,865 | ▲ 43.9% |
| Current portion of amounts payable after more than one year42 | - | €6,764 | €1,801 | - | - | - |
| Trade debts44 | €3,895 | €3,947 | €1,985 | €10,332 | €6,155 | ▼ 40.4% |
| Suppliers440/4 | - | €3,947 | €1,985 | €10,332 | €6,155 | ▼ 40.4% |
| Taxes, remuneration and social security45 | - | €1,825 | €3,527 | €2,568 | €40,955 | ▲ 1,495% |
| Taxes450/3 | - | €1,825 | €3,527 | €2,568 | €40,955 | ▲ 1,495% |
| Other amounts payable47/48 | - | €144,212 | €138,661 | €141,935 | €175,755 | ▲ 23.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,709 | -€5,621 | -€12,284 | -€43,156 | €20,955 | ▲ 149% |
| + Depreciation and write-downs630 | €12,514 | €9,046 | €7,765 | €6,833 | €11,992 | ▲ 75.5% |
| Operating cash flow (approximation) | €5,805 | €3,425 | -€4,519 | -€36,323 | €32,947 | ▲ 191% |
| Investment in fixed assets (approximation) | - | -€100 | €0 | -€8,964 | -€68,382 | ▼ 663% |
| Change in cash | - | -€1,469 | €12,562 | -€2,307 | -€14,202 | ▼ 516% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Back to profitnet €20,955
Net result €20,955 after 5 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€43,156
Net result drops to -€43,156, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gembloux · 3 establishment units since 2004
Ground area
7.9 ha
Building footprint
1.4 ha
2 parcels, Wallonia. Linked by address, not a title deed.
136
companies at this address
See who is registered here
3 establishment units
Deben
since 20042.135.697.894
vanholidays,Drôle de Cabane, Kitsat
since 20082.180.412.916
Oltavide
since 20202.300.972.335
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92253D0287/00F000 | Wallonia | 7.8 ha | 1 · 1.4 ha | - |
| 92053B0037/00F002 | Wallonia | 1,340 m² | 1 · 124 m² | - |
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 12,955 companies in sector 47120 we hold annual accounts for 2,192. 796 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47400Retail sale of information and communication equipment
Contact
E-mail
info@oltavide.beGembloux
Phone
+3281613586Gembloux
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863719672
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.