OTESIMA
ActiveSummary
The computed 12-month bankruptcy probability of OTESIMA is 2.6% (moderate). The 2024 annual accounts show equity of €39,718 and a net result of -€28,861. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 1763 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency72▼-15
Growth62▼-6
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.5 against 2.05 in 2023; short-term debt: 52.9% and cash: 6.6% of total assets), but 52.9% of the assets are financed with debt.
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Signals
Six 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
47.1%
Return on assets
-34.3%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€28,861
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
7 d early
2022
9 d late
2021
60 d late
2020
115 d late
2019
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€440,707▲ 2.3%
2023 · €430,634
EBIT margin
-6.9%▲ 5.3pp
2023 · -12.2%
Net result
-€28,861▲ 43.5%
2023 · -€51,053
Working capital
€22,324▼ 50.4%
2023 · €44,969
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€294,162€383,324▲ 30.3%€430,634▲ 12.3%€440,707▲ 2.3%
Operating result€9,357▲ 70.8%€90,856▲ 871%-€25,410-€52,521▼ 107%-€30,470▲ 42.0%
Net result€9,045€81,265▲ 798%-€24,468-€51,053▼ 109%-€28,861▲ 43.5%
EBIT margin30.9%-6.6%▼ 37.5pp-12.2%▼ 5.6pp-6.9%▲ 5.3pp
Equity€62,835▲ 16.8%€144,100▲ 129%€119,632▼ 17.0%€68,579▼ 42.7%€39,718▼ 42.1%
Total assets€75,356▼ 17.9%€184,680▲ 145%€173,304▼ 6.2%€111,453▼ 35.7%€84,259▼ 24.4%
Debt€12,521▼ 67.0%€40,580▲ 224%€53,672▲ 32.3%€42,874▼ 20.1%€44,541▲ 3.9%
Working capital€50,512▲ 15.4%€116,403▲ 130%€45,521▼ 60.9%€44,969▼ 1.2%€22,324▼ 50.4%
Staff (FTE)6.14▼ 34.4%2.9▼ 27.5%
Why a figure moved sharply
- 2021 Total assets +145% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30,470 in 2024 against €52,521 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,259
Fixed assets
€17,394 ▼ 26.3%
Current assets
€66,865 ▼ 23.9%
Equity and liabilities €84,259
Equity
€39,718 ▼ 42.1%
Debt
€44,541 ▲ 3.9%
Debt's share of the balance-sheet total rises from 38.5% to 52.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€20,989▲
2023 · -€43,302
Cash flow
-€19,380▲
2023 · -€41,834
Current ratio
1.50▼
2023 · 2.05
Quick ratio
1.27▼
2023 · 1.81
Debt to equity
1.12▲
2023 · 0.63
ROE
-72.7%▲
2023 · -74.4%
ROA
-34.3%▲
2023 · -45.8%
Interest coverage
-127.98▲
2023 · -451.06
Debt ≤ 1 year
€44,541▲
2023 · €42,874
Income taxes
€13▼
2023 · €238
Staff costs
€146,799▼
2023 · €159,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 4,815 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €294,162 | €383,324 | €430,634 | €440,707 | ▲ 2.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €174,096 | €276,229 | €310,508 | €312,878 | ▲ 0.8% |
| Remuneration, social security and pensions62 | - | €24,063 | €120,824 | €159,942 | €146,799 | ▼ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,045 | €3,406 | €7,425 | €9,219 | €9,481 | ▲ 2.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €1,051 | - |
| Other operating charges640/8 | - | €1,741 | €2,766 | €1,621 | - | - |
| Non-recurring operating charges66A | - | - | €1,490 | €1,865 | €968 | ▼ 48.1% |
| Gross operating margin9900 | €50,472 | €120,066 | €107,095 | €120,126 | €127,829 | ▲ 6.4% |
| Operating profit (loss)9901 | €9,357 | €90,856 | -€25,410 | -€52,521 | -€30,470 | ▲ 42.0% |
| Financial income75/76B | - | €3,254 | €1,674 | €1,802 | €1,786 | ▼ 0.9% |
| Recurring financial income75 | €4,608 | €3,254 | €1,674 | €1,802 | €1,786 | ▼ 0.9% |
| Financial charges65/66B | - | €1,345 | €189 | €96 | €164 | ▲ 70.8% |
| Recurring financial charges65 | €1,071 | €235 | €189 | €96 | €164 | ▲ 70.8% |
| Non-recurring financial charges66B | - | €1,110 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,094 | €92,765 | -€23,925 | -€50,815 | -€28,848 | ▲ 43.2% |
| Income taxes67/77 | €49 | €11,500 | €543 | €238 | €13 | ▼ 94.5% |
| Profit (loss) for the period9904 | €9,045 | €81,265 | -€24,468 | -€51,053 | -€28,861 | ▲ 43.5% |
| Profit (loss) for the period to be appropriated9905 | €9,045 | €81,265 | -€24,468 | -€51,053 | -€28,861 | ▲ 43.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,356 | €184,680 | €173,304 | €111,453 | €84,259 | ▼ 24.4% |
| Fixed assets21/28 | €12,323 | €27,697 | €74,111 | €23,610 | €17,394 | ▼ 26.3% |
| Intangible fixed assets21 | €1,720 | €1,290 | €860 | €430 | - | - |
| Tangible fixed assets22/27 | €10,503 | €26,407 | €23,255 | €22,863 | €17,212 | ▼ 24.7% |
| Land and buildings22 | - | - | - | - | €3,400 | - |
| Plant, machinery and equipment23 | - | €4,071 | €5,849 | €10,169 | €7,040 | ▼ 30.8% |
| Furniture and vehicles24 | - | €21,785 | €17,131 | €12,694 | €6,772 | ▼ 46.7% |
| Other tangible fixed assets26 | - | €551 | €275 | - | - | - |
| Financial fixed assets28 | €100 | €0 | €49,996 | €317 | €182 | ▼ 42.6% |
| Current assets29/58 | €63,034 | €156,983 | €99,193 | €87,843 | €66,865 | ▼ 23.9% |
| Amounts receivable after more than one year29 | - | - | - | €50,000 | €45,000 | ▼ 10.0% |
| Other amounts receivable291 | - | - | - | €50,000 | €45,000 | ▼ 10.0% |
| Stocks and contracts in progress3 | €3,617 | €6,321 | €6,321 | €10,299 | €10,299 | = |
| Stocks30/36 | - | €6,321 | €6,321 | €10,299 | €10,299 | = |
| Amounts receivable within one year40/41 | €53,070 | €57,994 | €9,019 | €6,707 | €5,576 | ▼ 16.9% |
| Trade receivables40 | - | €1,127 | €1,975 | €1,304 | €1,523 | ▲ 16.8% |
| Other amounts receivable41 | - | €56,867 | €7,044 | €5,403 | €4,053 | ▼ 25.0% |
| Cash at bank and in hand54/58 | €6,346 | €92,668 | €83,853 | €19,101 | €5,578 | ▼ 70.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,736 | €412 | ▼ 76.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,356 | €184,680 | €173,304 | €111,453 | €84,259 | ▼ 24.4% |
| Equity10/15 | €62,835 | €144,100 | €119,632 | €68,579 | €39,718 | ▼ 42.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Non-distributable reserves130/1 | - | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Legal reserve130 | - | €1,200 | €1,200 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,200 | €1,200 | = |
| Profit (loss) carried forward14 | €43,035 | €124,300 | €99,832 | €48,779 | €19,918 | ▼ 59.2% |
| Amounts payable17/49 | €12,521 | €40,580 | €53,672 | €42,874 | €44,541 | ▲ 3.9% |
| Amounts payable within one year42/48 | €12,521 | €40,580 | €53,672 | €42,874 | €44,541 | ▲ 3.9% |
| Trade debts44 | €10,422 | €21,446 | €19,584 | €32,342 | €29,059 | ▼ 10.2% |
| Suppliers440/4 | - | €21,446 | €19,584 | €32,342 | €29,059 | ▼ 10.2% |
| Taxes, remuneration and social security45 | - | €18,433 | €33,387 | €10,532 | €15,482 | ▲ 47.0% |
| Taxes450/3 | - | €16,468 | €19,601 | €8,110 | €7,728 | ▼ 4.7% |
| Remuneration and social security454/9 | - | €1,965 | €13,786 | €2,422 | €7,754 | ▲ 220% |
| Other amounts payable47/48 | - | €701 | €701 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,045 | €81,265 | -€24,468 | -€51,053 | -€28,861 | ▲ 43.5% |
| + Depreciation and write-downs630 | €3,045 | €3,406 | €7,425 | €9,219 | €9,481 | ▲ 2.8% |
| Operating cash flow (approximation) | €12,090 | €84,671 | -€17,043 | -€41,834 | -€19,380 | ▲ 53.7% |
| Investment in fixed assets (approximation) | - | -€18,780 | -€53,839 | €41,282 | -€3,265 | ▼ 108% |
| Change in cash | - | €86,322 | -€8,815 | -€64,752 | -€13,523 | ▲ 79.1% |
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
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€51,053
Net result drops to -€51,053, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 9 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Highest result since 2018net €81,265 ▲798%
Operating result €90,856, net result €81,265, both a record.
31-12
Financial
Equity above €100,000Eq €144,100 ▲129%
2 profitable years in a row build equity to €144,100.
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
2020
31-12
Financial
Back to profitnet €9,045
Net result €9,045 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 5.03
Current ratio from 2.15 to 5.03; short-term debt falls from €37,999 to €12,521.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
Show earlier events
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 63 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 2015
Ground area
255 m²
Building footprint
84 m²
Parcel 52011C0091/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
EMOZIONE LATINA
since 20152.238.006.962
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011C0091/00G000 | Wallonia | 255 m² | 1 · 84 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.238.006.962
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 8,455 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 (pre-2019)
Founded22-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0507621586
Also
9925:BE0507621586
Registered
12-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.