Equity
€126,459 from €1.5m in 2007
Equity fell by 92% in 14 years.
OTEC
Information for creditors
Enterprise Court of Ghent, Ghent division · Official Gazette of 29-03-2023Appeal or third-party opposition 13-04-2023Filing the claim in RegSol 22-04-2023First verification report 27-04-2023Late claim 23-03-2024
Trustee: Nick Peeters. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Lifetime
15 annual accounts with figures on one time axis, 44 filings since 1978peak €820,320 (2007)
€407,508▼ 39.3%
lowest -€76,957 (2018)
€9,775▼ 94.4%
peak €1.5m (2007)
€126,459▲ 8.4%
€822,458▼ 24.6%
peak 6.6 FTE (2015)
5.7 FTE▼ 3.4%
Board1 name since 2021
1 directorVerim BV
Owners2 names in the annual accounts
consolidatesVERIM
Documentsfilings and deeds
10-10-202271 days late
2021abbreviated format
Gross margin from €671,650 to €407,508Result from €175,581 to €9,775Registered office moved from Drongen to Eke-Nazareth 01-09Debts from €1.1m to €822,458Cash from €157,646 to €26,524
Key points
from the 2021 annual accounts, the last ones filedDebts
€822,458 87% of the balance sheet
Financial debts 38%Suppliers 25%Taxes and wages 9%Other 28%
€250,000 of the debts are secured on the company's own assets.
Filings
44 annual accounts since 1978
The 2021 accounts came 71 days late. The other nine of the last ten were filed on time.
No score
Recent changes
Supervising judge replaced
Enterprise Court of Ghent, Ghent division · judgment of 23-07-2024 · Bankruptcy
Bankruptcy published
Enterprise Court of Ghent, Ghent division · judgment of 23-03-2023 · Bankruptcy
Registered office moved from Drongen to Eke-Nazareth
New registered office: Begoniastraat 2 F/G, 9810 Eke-Nazareth · Previous registered office: Gaverlandstraat 75, 9031 Drongen, België · Permanent representative: Vermeire Vincent · Board meeting of 05-07-2021 · Gazette deed
Deed on restructuring
Capital €100,000, annual accounts 2009 · Gazette deed
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 23-03-2023
- Activity
- Construction of roads and motorwaysNACE 42110and 3 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2021
- Establishment unit
- 2.011.100.6049031 Ghent, since 01-04-1975
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- ≈ €960,000estimated
- €948,916▼ 21.4%
- Employeeson 31-12-2021
- 6
- Filing
- Filed on 10-10-2022
Insights on OTEC
Equity fell from €1.5m in 2007 to €126,459 in 2021, while debts rose from €614,984 to €822,458.
On 23 March 2023 the court declared OTEC bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about OTEC
- What is the company number of OTEC?
- The company number of OTEC is 0415.124.960. The VAT number is the same number with BE in front: BE 0415.124.960.
- Where was OTEC based?
- The last known address of the registered office is Begoniastraat 2, 9810 Nazareth.Company details
- What does OTEC do?
- According to the KBO register, the main activity is construction of roads and motorways (NACE 42110).
- What is the legal form of OTEC?
- OTEC is a private limited company (pre-2019) (BVBA).
- When was OTEC founded?
- OTEC was founded on 01-04-1975.
- Is OTEC still active?
- A bankruptcy is running. A bankruptcy trustee manages the company.
- How many employees did OTEC have?
- OTEC had an average of 5.7 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- Which joint committee does OTEC fall under?
- In its 2021 annual accounts, OTEC states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of OTEC?
- The turnover in financial year 2021 is ≈ €960,000. This figure is estimated from the gross margin of €407,508 and 2,275 comparable companies of the same size. It probably lies between €580,000 and €1.6m. It is a rough estimate.
- Is OTEC profitable?
- In financial year 2021, OTEC made a profit of €9,775.
- Where can I find the annual accounts of OTEC?
- OTEC filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2021.
Next steps
See what became of the directors' other companies.Supplier due diligence See who ran this company and where its registered office was, on a date of your choice.Company as of a date Check whether the registered address is a letterbox address or a business centre.Addresses Check your own customer list for customers at risk.Process a list See how the construction of roads and motorways sector is doing.Sector figures