Otentix
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-04-2026 PDF all 17 filings
Equity
€182,693▼ 63.7%
2024 · €503,685
Total assets
€294,652▼ 44.3%
2024 · €529,003
Net result
-€14,771▼ 19.9%
2024 · -€12,318
Working capital
€172,294▼ 64.7%
2024 · €487,733
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€18,431
▲ 28.2%
2025
20192025
Net result
-€14,771
▼ 19.9%
2025
lowest quarter of the sector
20192025
Equity
€182,693
▼ 63.7%
2025
middle half of the sector
20192025
Total assets
€294,652
▼ 44.3%
2025
middle half of the sector
20192025
Debt
€111,959
▲ 342%
2025
20192025
Working capital
€172,294
▼ 64.7%
2025
highest quarter of the sector
20192025
Solvency
62.0%
▼ 33.2pp
2025
middle half of the sector
20192025
Current ratio
2.55
▼ 18.56
2025
middle half of the sector
20192025
Return on assets (ROA)
-5.0%
▼ 2.7pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€87,821-€106,006▲ 20.7%€35,001▼ 67.0%-€34,919-€28,276▲ 19.0%-€25,685▲ 9.2%-€18,431▲ 28.2%
Net result€58,450-€73,037above the sector's middle half▲ 25.0%€25,512within the sector's middle half▼ 65.1%-€30,292below the sector's middle half-€24,017below the sector's middle half▲ 20.7%-€12,318below the sector's middle half▲ 48.7%-€14,771below the sector's middle half▼ 19.9%
Equity€471,764-€544,801above the sector's middle half▲ 15.5%€570,312above the sector's middle half▲ 4.7%€540,021above the sector's middle half▼ 5.3%€516,004above the sector's middle half▼ 4.4%€503,685above the sector's middle half▼ 2.4%€182,693within the sector's middle half▼ 63.7%
Total assets€678,366-€630,643above the sector's middle half▼ 7.0%€647,239above the sector's middle half▲ 2.6%€552,511above the sector's middle half▼ 14.6%€526,660above the sector's middle half▼ 4.7%€529,003above the sector's middle half▲ 0.4%€294,652within the sector's middle half▼ 44.3%
Debt€206,601-€85,842▼ 58.5%€76,926▼ 10.4%€12,491▼ 83.8%€10,656▼ 14.7%€25,318▲ 138%€111,959▲ 342%
Working capital€460,583-€536,130above the sector's middle half▲ 16.4%€557,876above the sector's middle half▲ 4.1%€531,411above the sector's middle half▼ 4.7%€510,271above the sector's middle half▼ 4.0%€487,733above the sector's middle half▼ 4.4%€172,294above the sector's middle half▼ 64.7%
Solvency69.5%-86.4%above the sector's middle half▲ 16.8pp88.1%above the sector's middle half▲ 1.7pp97.7%above the sector's middle half▲ 9.6pp98.0%above the sector's middle half▲ 0.2pp95.2%above the sector's middle half▼ 2.8pp62.0%within the sector's middle half▼ 33.2pp
Current ratio3.23-7.35above the sector's middle half▲ 4.128.35above the sector's middle half▲ 1.0048.99above the sector's middle half▲ 40.6454.23above the sector's middle half▲ 5.2421.11above the sector's middle half▼ 33.122.55within the sector's middle half▼ 18.56
Return on assets (ROA)8.6%-11.6%within the sector's middle half▲ 3.0pp3.9%within the sector's middle half▼ 7.6pp-5.5%below the sector's middle half▼ 9.4pp-4.6%below the sector's middle half▲ 0.9pp-2.3%below the sector's middle half▲ 2.2pp-5.0%below the sector's middle half▼ 2.7pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €18,431, smaller than the loss of €25,685 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294,652
Fixed assets
€11,468 ▼ 32.6%
Current assets
€283,184 ▼ 44.7%
Equity and liabilities €294,652
Equity
€182,693 ▼ 63.7%
Debt
€111,959 ▲ 342%
Debt's share of the balance-sheet total rises from 4.8% to 38.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€13,886▲
2024 · -€22,910
Cash flow
-€10,227▼
2024 · -€9,543
Debt to equity
0.61▲
2024 · 0.05
ROE
-8.1%▼
2024 · -2.4%
Interest coverage
-107.12▲
2024 · -120.42
Debt ≤ 1 year
€110,889▲
2024 · €24,248
Income taxes
€150▼
2024 · €289
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,944 | - | - | €12,996 | - |
| Depreciation and write-downs of the year | €3,577 | €3,478 | €3,225 | €2,775 | €4,544 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,625 | €1,750 | €1,738 | €1,802 | €3,155 | ▲ 75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,426 | €1,877 | €3,577 | €3,478 | €3,225 | €2,775 | €4,544 | ▲ 63.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€5,000 | €0 | - | - | - |
| Other operating charges640/8 | - | - | €980 | €16,999 | €785 | €655 | €1,215 | ▲ 85.4% |
| Gross operating margin9900 | €92,573 | €109,478 | €39,559 | -€19,441 | -€24,266 | -€22,254 | -€12,671 | ▲ 43.1% |
| Operating profit (loss)9901 | €87,821 | €106,006 | €35,001 | -€34,919 | -€28,276 | -€25,685 | -€18,431 | ▲ 28.2% |
| Financial income75/76B | - | - | €1,961 | €4,708 | €4,440 | €13,846 | €3,939 | ▼ 71.6% |
| Recurring financial income75 | €7 | €1,506 | €1,961 | €4,708 | €4,440 | €13,846 | €3,939 | ▼ 71.6% |
| Financial charges65/66B | - | - | €456 | €101 | €28 | €190 | €130 | ▼ 31.9% |
| Recurring financial charges65 | €3,145 | €3,381 | €456 | €101 | €28 | €190 | €130 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | €84,683 | €104,131 | €36,506 | -€30,312 | -€23,864 | -€12,030 | -€14,622 | ▼ 21.5% |
| Income taxes67/77 | €26,232 | €31,094 | €10,995 | -€21 | €153 | €289 | €150 | ▼ 48.1% |
| Profit (loss) for the period9904 | €58,450 | €73,037 | €25,512 | -€30,292 | -€24,017 | -€12,318 | -€14,771 | ▼ 19.9% |
| Profit (loss) for the period to be appropriated9905 | €58,450 | €73,037 | €25,512 | -€30,292 | -€24,017 | -€12,318 | -€14,771 | ▼ 19.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €678,366 | €630,643 | €647,239 | €552,511 | €526,660 | €529,003 | €294,652 | ▼ 44.3% |
| Fixed assets21/28 | €11,181 | €10,139 | €13,506 | €10,028 | €6,802 | €17,023 | €11,468 | ▼ 32.6% |
| Tangible fixed assets22/27 | €11,181 | €10,139 | €13,506 | €10,028 | €6,802 | €17,023 | €11,468 | ▼ 32.6% |
| Furniture and vehicles24 | - | - | €13,382 | €9,928 | €6,728 | €16,973 | €11,443 | ▼ 32.6% |
| Other tangible fixed assets26 | - | - | €124 | €99 | €74 | €50 | €25 | ▼ 50.0% |
| Current assets29/58 | €667,185 | €620,504 | €633,733 | €542,484 | €519,858 | €511,981 | €283,184 | ▼ 44.7% |
| Amounts receivable after more than one year29 | - | - | €61,961 | €65,976 | €101,999 | €108,165 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €61,961 | €65,976 | €101,999 | €108,165 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €119,122 | €199,722 | €110,018 | €31,853 | €8,424 | €42,613 | €4,319 | ▼ 89.9% |
| Trade receivables40 | - | - | €80,586 | €5,333 | €8,119 | €22,007 | €3,319 | ▼ 84.9% |
| Other amounts receivable41 | - | - | €29,432 | €26,520 | €305 | €20,606 | €1,000 | ▼ 95.1% |
| Current investments50/53 | €150,000 | €150,000 | €150,000 | €150,000 | €390,000 | €315,000 | €195,000 | ▼ 38.1% |
| Cash at bank and in hand54/58 | €398,063 | €68,594 | €310,194 | €293,756 | €19,434 | €45,994 | €83,652 | ▲ 81.9% |
| Deferred charges and accrued income490/1 | - | - | €1,560 | €899 | €0 | €209 | €213 | ▲ 1.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €678,366 | €630,643 | €647,239 | €552,511 | €526,660 | €529,003 | €294,652 | ▼ 44.3% |
| Equity10/15 | €471,764 | €544,801 | €570,312 | €540,021 | €516,004 | €503,685 | €182,693 | ▼ 63.7% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €453,164 | €526,201 | €551,712 | €551,712 | €551,712 | €551,712 | €245,491 | ▼ 55.5% |
| Non-distributable reserves130/1 | - | - | €40,492 | €40,492 | €40,492 | €40,492 | €40,492 | = |
| Reserves not available under the articles1311 | - | - | €40,492 | €40,492 | €40,492 | €40,492 | €40,492 | = |
| Distributable reserves133 | - | - | €511,220 | €511,220 | €511,220 | €511,220 | €204,999 | ▼ 59.9% |
| Profit (loss) carried forward14 | - | - | - | -€30,292 | -€54,309 | -€66,627 | -€81,398 | ▼ 22.2% |
| Amounts payable17/49 | €206,601 | €85,842 | €76,926 | €12,491 | €10,656 | €25,318 | €111,959 | ▲ 342% |
| Amounts payable within one year42/48 | €206,601 | €84,374 | €75,856 | €11,073 | €9,586 | €24,248 | €110,889 | ▲ 357% |
| Trade debts44 | €26,214 | €33,158 | €28,934 | €8,920 | €9,567 | €24,248 | €5,134 | ▼ 78.8% |
| Suppliers440/4 | - | - | €28,934 | €8,920 | €9,567 | €24,248 | €5,134 | ▼ 78.8% |
| Advances received on contracts in progress46 | - | - | €41,745 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €3,603 | - | - | - | €586 | - |
| Taxes450/3 | - | - | €3,603 | - | - | - | €586 | - |
| Other amounts payable47/48 | - | - | €1,574 | €2,153 | €19 | €0 | €105,170 | - |
| Accrued charges and deferred income492/3 | - | - | €1,070 | €1,418 | €1,070 | €1,070 | €1,070 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,450 | €73,037 | €25,512 | -€30,292 | -€24,017 | -€12,318 | -€14,771 | ▼ 19.9% |
| + Depreciation and write-downs630 | €1,426 | €1,877 | €3,577 | €3,478 | €3,225 | €2,775 | €4,544 | ▲ 63.7% |
| Operating cash flow (approximation) | €59,876 | €74,914 | €29,089 | -€26,813 | -€20,792 | -€9,543 | -€10,227 | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | -€835 | -€6,944 | €0 | €0 | -€12,996 | €1,011 | - |
| Change in cash | - | -€329,469 | €241,600 | -€16,438 | -€274,322 | €26,559 | €37,659 | ▲ 41.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as Otentix has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Otentix itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for Otentix. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 20-04-2026 | 2026-00085436 | |
| 30-09-2024 | micro format | 04-06-2025 | 2025-00121327 | |
| 30-09-2023 | micro format | 13-05-2024 | 2024-00089316 | |
| 30-09-2022 | micro format | 10-05-2023 | 2023-00084400 | |
| 30-09-2021 | micro format | 23-05-2022 | 2022-20034079 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-12200370 | |
| 30-09-2019 | micro format | 29-10-2020 | 2020-64700593 | |
| 30-09-2018 | micro format | 25-04-2019 | 2019-10500598 | |
| 30-09-2017 | micro format | 25-04-2018 | 2018-10600159 | |
| 30-09-2016 | abbreviated format | 04-04-2017 | 2017-08600520 |