OTB MULTITECHNICS
ActiveOTB MULTITECHNICS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €808k and a net result of €146k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+2
Solvency65▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.2 in 2024; short-term debt: 20.1% and cash: 14.2% of total assets), but 60.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
39.8%
Return on assets
7.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
23 d early
2023
20 d late
2022
30 d late
2021
12 d late
2020
2 d late
2019
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€808k▲ 22.1%
2024 · €662k
2018: €134k
2019: €157k
2020: €240k
2021: €392k
2022: €501k
2023: €555k
2024: €662k
2018 → 2025
Total assets
€2.03M▲ 5.7%
2024 · €1.92M
2018: €395k
2019: €422k
2020: €491k
2021: €764k
2022: €1.83M
2023: €1.81M
2024: €1.92M
2018 → 2025
Net result
€146k▲ 35.8%
2024 · €108k
2018: €5k
2019: €38k
2020: €98k
2021: €152k
2022: €109k
2023: €54k
2024: €108k
2018 → 2025
Working capital
€607k▲ 27.6%
2024 · €476k
2018: €113k
2019: €137k
2020: €229k
2021: €378k
2022: €383k
2023: €399k
2024: €476k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€392k-€501k▲ 27.8%€555k▲ 10.7%€662k▲ 19.4%€808k▲ 22.1%
Operating result€210k-€185k▼ 11.7%€114k▼ 38.2%€183k▲ 60.3%€230k▲ 25.8%
Net result€152k-€109k▼ 28.4%€54k▼ 50.7%€108k▲ 101%€146k▲ 35.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.03M
Fixed assets
€1.02M▼ 3.3%
Current assets
€1.02M▲ 16.5%
Equity and liabilities €2.03M
Equity
€808k▲ 22.1%
Debt
€1.22M▼ 2.9%
The debt ratio falls from 65.6% to 60.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€260k▲
2024 · €215k
Cash flow
€175k▲
2024 · €139k
Solvency
39.8%▲
2024 · 34.4%
Current ratio
2.49▲
2024 · 2.20
Quick ratio
2.40▲
2024 · 2.11
Debt / equity
1.51▼
2024 · 1.90
ROE
18.1%▲
2024 · 16.2%
ROA
7.2%▲
2024 · 5.6%
Interest coverage
8.25▲
2024 · 7.29
Debt
€1.22M▼
2024 · €1.26M
Debt ≤ 1 year
€408k▲
2024 · €395k
Debt > 1 year
€816k▼
2024 · €864k
Income taxes
€60k▲
2024 · €50k
Staff costs
€640k▲
2024 · €619k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.92M€2.03M▲
Fixed assets21/28€1.05M€1.02M▼
Tangible fixed assets22/27€1.05M€1.01M▼
Land and buildings22€1.03M€1.01M▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€19k€4k▼
Financial fixed assets28€4k€4k=
Current assets29/58€871k€1.02M▲
Amounts receivable after more than one year29€79k€83k▲
Other amounts receivable291€79k€83k▲
Stocks and contracts in progress3€36k€35k▼
Stocks30/36€36k€35k▼
Amounts receivable within one year40/41€575k€547k▼
Trade receivables40€491k€395k▼
Other amounts receivable41€84k€152k▲
Current investments50/53€51k€52k▲
Cash at bank and in hand54/58€122k€289k▲
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.92M€2.03M▲
Equity10/15€662k€808k▲
Contributions10/11€20k€20k=
Reserves13€236k€296k▲
Distributable reserves133€236k€296k▲
Profit (loss) carried forward14€407k€493k▲
Amounts payable17/49€1.26M€1.22M▼
Amounts payable after more than one year17€864k€816k▼
Financial debts170/4€864k€816k▼
Amounts payable within one year42/48€395k€408k▲
Current portion of amounts payable after more than one year42€47k€48k▲
Financial debts43€13k€23k▲
Credit institutions430/8€13k€23k▲
Trade debts44€189k€102k▼
Suppliers440/4€189k€102k▼
Taxes, remuneration and social security45€146k€235k▲
Taxes450/3€60k€116k▲
Remuneration and social security454/9€86k€119k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€619k€640k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€29k▼
Other operating charges640/8€7k€5k▼
Gross operating margin9900€841k€905k▲
Operating profit (loss)9901€183k€230k▲
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€30k€31k▲
Recurring financial charges65€29k€31k▲
Non-recurring financial charges66B€350-
Profit (loss) for the period before taxes9903€158k€206k▲
Income taxes67/77€50k€60k▲
Profit (loss) for the period9904€108k€146k▲
Profit (loss) for the period to be appropriated9905€108k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€467k€553k▲
Profit (loss) brought forward from the previous period14P€359k€407k▲
Transfer to equity691/2€60k€60k=
To other reserves6921€60k€60k=
Social balance
Average headcount (FTE)908712.711.3▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €500kEq €501k ▲27.8%
5 profitable years in a row build equity to €501k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
31-12
Financial
Highest result since 2018net €152k ▲54.6%
Net result €152k, the highest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
31-12
Financial
Equity above €200kEq €240k ▲53.3%
3 profitable years in a row build equity to €240k.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
31-12
Financial
Equity above €150kEq €157k ▲17.3%
2 profitable years in a row build equity to €157k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 50 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brussel · 2 establishment units since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Drukpersstraat 41000 BrusselGround area
1,236 m²
Building footprint
448 m²
Volume, LiDAR
4,481 m³
2 parcels, Brussels, Flanders · tallest building 23.6 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
OTB MULTITECHNICS
since 20022.113.972.963
August De Boeckstraat 92, 1785 Merchtem
since 20242.362.597.128
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0440/00T002 | Flanders | 1,136 m² | 1 · 349 m² | 10.8 m · 2 fl. |
| 21803C0244/00A002 | Brussels | 100 m² | 1 · 99 m² | 23.6 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsMonteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Vakman installatietechnieken (vwo)
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 5,269 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2001
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
47527Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.