OTCS
ActiveSummary
The annual accounts of OTCS for fiscal year 2025 show a net loss of 69% of the equity at the start of that year. The 2025 annual accounts show equity of €15,143 and a net result of -€34,454. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 1913 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-45
Solvency44▼-9
Growth45=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.17 against 2.3 in 2024; short-term debt: 29.7% and cash: 0.1% of total assets), and 81.5% of the assets are financed with debt.
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Signals
Seven 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
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 2025Solvency, return and age of the figures
Solvency
18.5%
Return on assets
-42.2%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€34,454
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1913 sector peers (2025).
NBB · sector comparisonPosition among 1913 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-03-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
30 d early
2023
42 d early
2022
41 d early
2021
39 d early
2020
29 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€25,116▼ 0.9%
2020 · €25,338
EBIT margin
39.2%▲ 26.2pp
2020 · 13.0%
Net result
-€34,454▼ 448%
2024 · -€6,282
Working capital
-€20,213
2024 · €47,761
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line20212022202320242025
Turnover€25,116▼ 0.9%
Operating result€9,845▲ 199%€26,345▲ 168%€8,125▼ 69.2%-€1,603-€28,238▼ 1,662%
Net result€5,547below the sector's middle half▲ 224%€19,210within the sector's middle half▲ 246%€3,996below the sector's middle half▼ 79.2%-€6,282below the sector's middle half-€34,454below the sector's middle half▼ 448%
EBIT margin39.2%▲ 26.2pp
Equity€32,673below the sector's middle half▲ 20.4%€51,883below the sector's middle half▲ 58.8%€55,879below the sector's middle half▲ 7.7%€49,597within the sector's middle half▼ 11.2%€15,143below the sector's middle half▼ 69.5%
Total assets€45,893below the sector's middle half▲ 1.3%€87,939below the sector's middle half▲ 91.6%€76,330below the sector's middle half▼ 13.2%€180,056within the sector's middle half▲ 136%€81,710below the sector's middle half▼ 54.6%
Debt€13,221▼ 27.2%€36,056▲ 173%€20,450▼ 43.3%€130,459▲ 538%€66,567▼ 49.0%
Working capital€28,516▲ 24.4%-€7,411€4,128€47,761▲ 1,057%-€20,213
Solvency71.2%above the sector's middle half▲ 11.3pp59.0%within the sector's middle half▼ 12.2pp73.2%above the sector's middle half▲ 14.2pp27.5%within the sector's middle half▼ 45.7pp18.5%below the sector's middle half▼ 9.0pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,238 in 2025 against €1,603 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,710
Fixed assets
€77,649 ▼ 18.8%
Current assets
€4,062 ▼ 95.2%
Equity and liabilities €81,710
Equity
€15,143 ▼ 69.5%
Debt
€66,567 ▼ 49.0%
Debt's share of the balance-sheet total rises from 72.5% to 81.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,463▼
2024 · €16,996
Cash flow
-€11,679▼
2024 · €12,317
Current ratio
0.17▼
2024 · 2.30
Debt to equity
4.40▲
2024 · 2.63
ROE
-227.5%▼
2024 · -12.7%
ROA
-42.2%▼
2024 · -3.5%
Interest coverage
-0.87▼
2024 · 3.63
Debt ≤ 1 year
€24,275▼
2024 · €36,684
Debt > 1 year
€42,292▼
2024 · €93,775
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
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 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 1,221 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €25,116 | - | - | - | - | - |
| Non-recurring operating income76A | - | €11,287 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,848 | €10,400 | €15,238 | €18,599 | €22,775 | ▲ 22.5% |
| Other operating charges640/8 | - | €5,868 | €476 | €505 | €722 | ▲ 43.0% |
| Non-recurring operating charges66A | - | - | - | €14,847 | - | - |
| Gross operating margin9900 | €16,985 | €42,613 | €23,839 | €32,348 | -€4,741 | ▼ 115% |
| Operating profit (loss)9901 | €9,845 | €26,345 | €8,125 | -€1,603 | -€28,238 | ▼ 1,662% |
| Financial income75/76B | - | - | - | €1 | €37 | ▲ 3,731% |
| Recurring financial income75 | - | - | - | €1 | €37 | ▲ 3,731% |
| Financial charges65/66B | - | €965 | €1,656 | €4,681 | €6,253 | ▲ 33.6% |
| Recurring financial charges65 | €412 | €965 | €1,656 | €4,681 | €6,253 | ▲ 33.6% |
| Profit (loss) for the period before taxes9903 | €9,433 | €25,380 | €6,469 | -€6,282 | -€34,454 | ▼ 448% |
| Income taxes67/77 | €3,886 | €6,169 | €2,473 | - | - | - |
| Profit (loss) for the period9904 | €5,547 | €19,210 | €3,996 | -€6,282 | -€34,454 | ▼ 448% |
| Profit (loss) for the period to be appropriated9905 | €5,547 | €19,210 | €3,996 | -€6,282 | -€34,454 | ▼ 448% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,893 | €87,939 | €76,330 | €180,056 | €81,710 | ▼ 54.6% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €6,865 | €59,294 | €52,066 | €95,611 | €77,649 | ▼ 18.8% |
| Tangible fixed assets22/27 | €6,865 | €59,294 | €52,066 | €95,111 | €77,149 | ▼ 18.9% |
| Plant, machinery and equipment23 | - | €2,068 | €7,811 | €6,099 | €6,559 | ▲ 7.6% |
| Furniture and vehicles24 | - | €55,109 | €42,624 | €87,868 | €68,228 | ▼ 22.4% |
| Other tangible fixed assets26 | - | €2,117 | €1,630 | €1,144 | €2,361 | ▲ 106% |
| Financial fixed assets28 | - | - | - | €500 | €500 | = |
| Current assets29/58 | €39,028 | €28,645 | €24,264 | €84,445 | €4,062 | ▼ 95.2% |
| Amounts receivable within one year40/41 | €31,403 | €5,155 | €12,216 | €10,218 | €2,941 | ▼ 71.2% |
| Trade receivables40 | - | €4,200 | €11,772 | €10,218 | €1,880 | ▼ 81.6% |
| Other amounts receivable41 | - | €955 | €444 | - | €1,062 | - |
| Cash at bank and in hand54/58 | €6,929 | €23,373 | €11,903 | €73,239 | €105 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | €117 | €145 | €988 | €1,016 | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,893 | €87,939 | €76,330 | €180,056 | €81,710 | ▼ 54.6% |
| Equity10/15 | €32,673 | €51,883 | €55,879 | €49,597 | €15,143 | ▼ 69.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €3,249 | €3,249 | €3,249 | €3,249 | €3,249 | = |
| Distributable reserves133 | - | €3,249 | €3,249 | €3,249 | €3,249 | = |
| Profit (loss) carried forward14 | €9,424 | €28,634 | €32,630 | €26,348 | -€8,106 | ▼ 131% |
| Amounts payable17/49 | €13,221 | €36,056 | €20,450 | €130,459 | €66,567 | ▼ 49.0% |
| Amounts payable after more than one year17 | €2,708 | - | - | €93,775 | €42,292 | ▼ 54.9% |
| Financial debts170/4 | - | - | - | €93,775 | €42,292 | ▼ 54.9% |
| Amounts payable within one year42/48 | €10,512 | €36,056 | €20,136 | €36,684 | €24,275 | ▼ 33.8% |
| Financial debts43 | - | - | - | €14,673 | €10,182 | ▼ 30.6% |
| Credit institutions430/8 | - | - | - | €7,061 | €2,219 | ▼ 68.6% |
| Other loans439 | - | - | - | €7,612 | €7,963 | ▲ 4.6% |
| Trade debts44 | €167 | €970 | €1,593 | €4,287 | €6,766 | ▲ 57.8% |
| Suppliers440/4 | - | €970 | €1,593 | €4,287 | €6,766 | ▲ 57.8% |
| Taxes, remuneration and social security45 | - | €6,169 | €2,473 | €8,023 | €0 | ▼ 100% |
| Taxes450/3 | - | €6,169 | €2,473 | €8,023 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €28,917 | €16,070 | €9,701 | €7,328 | ▼ 24.5% |
| Accrued charges and deferred income492/3 | - | - | €315 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,547 | €19,210 | €3,996 | -€6,282 | -€34,454 | ▼ 448% |
| + Depreciation and write-downs630 | €6,848 | €10,400 | €15,238 | €18,599 | €22,775 | ▲ 22.5% |
| Operating cash flow (approximation) | €12,395 | €29,610 | €19,234 | €12,317 | -€11,679 | ▼ 195% |
| Investment in fixed assets (approximation) | - | -€62,829 | -€8,010 | -€62,144 | -€4,812 | ▲ 92.3% |
| Change in cash | - | €16,444 | -€11,470 | €61,336 | -€73,134 | ▼ 219% |
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
Next filing, fiscal year 2026, expected by
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€34,454
Net result drops to -€34,454, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Highest result since 2018net €19,210 ▲246%
Operating result €26,345, net result €19,210, both a record.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Liquidity triplescurrent ratio 4.15
Current ratio from 1.39 to 4.15; short-term debt falls from €12,240 to €6,821.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Braine-le-Château · 1 establishment unit since 2001
Ground area
4,184 m²
Building footprint
346 m²
Volume, LiDAR
2,697 m³
2 parcels, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OTCS Consulting
since 20012.095.310.559
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015E0346/00W003 | Wallonia | 3,370 m² | 1 · 220 m² | 12.0 m · 3 fl. |
| 25015B0323/00A002 | Wallonia | 814 m² | 1 · 126 m² | 7.2 m · 2 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.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 940 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
Founded04-05-2001
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474736905
Registered
19-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.