Otel

Active

Private limited companyfounded 20224 yrs activeVicognelaan 84, 8450 Bredene, BelgiumKBO/BCE: BE 0781.658.266

The computed 12-month bankruptcy probability of Otel is 1.6% (moderate). The 2025 annual accounts show equity of €35k and a net result of €-31k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 688 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

41 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability31▼-39

Solvency38▼-12

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity short (current ratio 0.16 against 0.65 in 2024; short-term debt: 36.6% and cash: 3.8% of total assets), and 87.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2025

Solvency, return and age of the figures

Solvency

12.8%

Return on assets

-11.2%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

72 d early

2024

8 d early

2023

29 d late

2022

32 d early

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€35k▼ 59.9%

2024 · €87k

2022: €41k 2023: €78k 2024: €87k

2022 → 2025

Total assets

€273k▼ 22.9%

2024 · €355k

2022: €80k 2023: €330k 2024: €355k

2022 → 2025

Net result

€-31k

2024 · €12k

2022: €31k 2023: €21k 2024: €12k

2022 → 2025

Working capital

€-84k▼ 120%

2024 · €-38k

2022: €36k 2023: €3k 2024: €-38k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€41k-€78k▲ 89.8%€87k▲ 12.4%€35k▼ 59.9%

Operating result€40k-€32k▼ 20.9%€28k▼ 12.6%€-17k

Net result€31k-€21k▼ 32.9%€12k▼ 41.6%€-31k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €17k after €28k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €273k

94.3%

Fixed assets €258k▼ 8.9%

Current assets €16k▼ 78.2%

Equity and liabilities €273k

12.8%

87.2%

Equity €35k▼ 59.9%

Debt €238k▼ 10.8%

The debt ratio rises from 75.3% to 87.2%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€42k▼

2024 · €76k

Cash flow

€28k▼

2024 · €60k

Solvency

12.8%▼

2024 · 24.7%

Current ratio

0.16▼

2024 · 0.65

Quick ratio

0.15▼

2024 · 0.64

Debt / equity

6.80▲

2024 · 3.05

ROE

-87.4%▼

2024 · 13.9%

ROA

-11.2%▼

2024 · 3.4%

Interest coverage

3.18▼

2024 · 5.66

Debt

€238k▼

2024 · €267k

Debt ≤ 1 year

€100k▼

2024 · €110k

Debt > 1 year

€138k▼

2024 · €157k

Income taxes

€723▼

2024 · €3k

Staff costs

€61k▼

2024 · €64k

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€355k€273k▼

Fixed assets21/28€283k€258k▼

Intangible fixed assets21€152k€124k▼

Tangible fixed assets22/27€130k€134k▲

Plant, machinery and equipment23€10k€6k▼

Furniture and vehicles24€42k€50k▲

Other tangible fixed assets26€78k€77k▼

Assets under construction and advance payments27€0-

Current assets29/58€72k€16k▼

Stocks and contracts in progress3€1k€1k=

Stocks30/36€1k€1k=

Amounts receivable within one year40/41€22k€4k▼

Trade receivables40€2k€4k▲

Other amounts receivable41€20k€824▼

Cash at bank and in hand54/58€49k€10k▼

Deferred charges and accrued income490/1€0-

Equity and liabilities

Total equity and liabilities10/49€355k€273k▼

Equity10/15€87k€35k▼

Contributions10/11€26k€26k=

Reserves13€61k€9k▼

Distributable reserves133€61k€9k▼

Profit (loss) carried forward14€0€0=

Amounts payable17/49€267k€238k▼

Amounts payable after more than one year17€157k€138k▼

Financial debts170/4€157k€138k▼

Amounts payable within one year42/48€110k€100k▼

Current portion of amounts payable after more than one year42€33k€38k▲

Financial debts43€8k€0▼

Credit institutions430/8€8k€0▼

Trade debts44€42k€36k▼

Suppliers440/4€42k€36k▼

Taxes, remuneration and social security45€23k€14k▼

Taxes450/3€16k€6k▼

Remuneration and social security454/9€7k€8k▲

Other amounts payable47/48€4k€13k▲

Income statement Code20242025

Remuneration, social security and pensions62€64k€61k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€58k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€0▼

Other operating charges640/8€33k€33k▲

Gross operating margin9900€177k€136k▼

Operating profit (loss)9901€28k€-17k▼

Financial income75/76B€785€20▼

Recurring financial income75€785€20▼

Financial charges65/66B€13k€13k▼

Recurring financial charges65€13k€13k▼

Profit (loss) for the period before taxes9903€15k€-30k▼

Income taxes67/77€3k€723▼

Profit (loss) for the period9904€12k€-31k▼

Profit (loss) for the period to be appropriated9905€12k€-31k▼

Appropriation of the result

Profit (loss) to be appropriated9906€12k€-31k▼

Transfer from equity791/2€2k€52k▲

Transfer to equity691/2€12k€0▼

To other reserves6921€12k€0▼

Profit to be distributed694/7€2k€22k▲

Return on contributions (dividend)694€2k€22k▲

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

20-05

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-31k ▼352%

Net result drops to €-31k, the lowest in the series.

23-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 29 days late

2023

29-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Bredene · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Vicognelaan 848450 Bredene

Ground area

428 m²

Building footprint

290 m²

Volume, LiDAR

3,278 m³

2 parcels, Flanders · tallest building 20.5 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

Otel

Groentemarkt 19, 8400 OostendeFood and beverage service activities

since 20222.327.769.871

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35013A0366/00C000 ProtectedMonumentBurgerhuis: rechterdeelSource ↗	Flanders	221 m²	1 · 205 m²	20.5 m · 6 fl.
35002B0137/00Y000	Flanders	208 m²	1 · 84 m²	5.5 m