Summary
OTF is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €326k and a net result of €34k. Its solvency ranks better than 34% of 9863 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-06-2025, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€326k▲ 11.8%
2023 · €291k
2023: €291k
2024: €326k▲ +11.8% vs 2023
2023 → 2024
Net result
€34k
2023 · €-159k
2023: €-159k
2024: €34k▲ +122% vs 2023
2023 → 2024
Total assets
€910k▲ 1.9%
2023 · €893k
2023: €893k
2024: €910k▲ +1.9% vs 2023
2023 → 2024
Solvency
35.8%▲ 3.2pp
2023 · 32.6%
2023: 32.6%
2024: 35.8%▲ +9.7% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€291k-€326k▲ 11.8%
2023: €291k
2024: €326k▲ +11.8% vs 2023
Operating result€-157k-€34k
2023: €-157k
2024: €34k▲ +122% vs 2023
Net result€-159k-€34k
2023: €-159k
2024: €34k▲ +122% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €34k after a loss of €157k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €910k
Fixed assets
€885k ▲ 2.1%
Current assets
€24k ▼ 5.4%
Equity and liabilities €910k
Equity
€326k ▲ 11.8%
Debt
€584k ▼ 2.9%
Debt's share of the balance-sheet total falls from 67.4% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.5%▲
2023 · -54.5%
ROA
3.8%▲
2023 · -17.8%
Debt ≤ 1 year
€134k▼
2023 · €152k
Debt > 1 year
€450k=
2023 · €450k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€893k€910k▲
Fixed assets21/28€867k€885k▲
Tangible fixed assets22/27€867k€885k▲
Land and buildings22€817k€817k=
Plant, machinery and equipment23€12k€30k▲
Furniture and vehicles24€39k€39k=
Current assets29/58€26k€24k▼
Amounts receivable within one year40/41€18k€3k▼
Trade receivables40-€419
Other amounts receivable41€18k€3k▼
Cash at bank and in hand54/58€8k€21k▲
Equity and liabilities
Total equity and liabilities10/49€893k€910k▲
Equity10/15€291k€326k▲
Contributions10/11€450k€450k=
Profit (loss) carried forward14€-159k€-124k▲
Amounts payable17/49€602k€584k▼
Amounts payable after more than one year17€450k€450k=
Financial debts170/4€450k€450k=
Amounts payable within one year42/48€152k€134k▼
Trade debts44€5k-
Suppliers440/4€5k-
Other amounts payable47/48€147k€134k▼
Income statement
Code20232024
Other operating charges640/8€185k€387▼
Gross operating margin9900€28k€35k▲
Operating profit (loss)9901€-157k€34k▲
Financial income75/76B€2€1▼
Recurring financial income75€2€1▼
Financial charges65/66B€2k€177▼
Recurring financial charges65€2k€177▼
Profit (loss) for the period before taxes9903€-159k€34k▲
Profit (loss) for the period9904€-159k€34k▲
Profit (loss) for the period to be appropriated9905€-159k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-159k€-124k▲
Profit (loss) brought forward from the previous period14P-€-159k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Other operating charges640/8 | €185k | €387 | ▼ 99.8% |
| Gross operating margin9900 | €28k | €35k | ▲ 24.0% |
| Operating profit (loss)9901 | €-157k | €34k | ▲ 122% |
| Financial income75/76B | €2 | €1 | ▼ 58.4% |
| Recurring financial income75 | €2 | €1 | ▼ 58.4% |
| Financial charges65/66B | €2k | €177 | ▼ 91.7% |
| Recurring financial charges65 | €2k | €177 | ▼ 91.7% |
| Profit (loss) for the period before taxes9903 | €-159k | €34k | ▲ 122% |
| Profit (loss) for the period9904 | €-159k | €34k | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | €-159k | €34k | ▲ 122% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €893k | €910k | ▲ 1.9% |
| Fixed assets21/28 | €867k | €885k | ▲ 2.1% |
| Tangible fixed assets22/27 | €867k | €885k | ▲ 2.1% |
| Land and buildings22 | €817k | €817k | = |
| Plant, machinery and equipment23 | €12k | €30k | ▲ 153% |
| Furniture and vehicles24 | €39k | €39k | = |
| Current assets29/58 | €26k | €24k | ▼ 5.4% |
| Amounts receivable within one year40/41 | €18k | €3k | ▼ 81.6% |
| Trade receivables40 | - | €419 | - |
| Other amounts receivable41 | €18k | €3k | ▼ 83.9% |
| Cash at bank and in hand54/58 | €8k | €21k | ▲ 180% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €893k | €910k | ▲ 1.9% |
| Equity10/15 | €291k | €326k | ▲ 11.8% |
| Contributions10/11 | €450k | €450k | = |
| Profit (loss) carried forward14 | €-159k | €-124k | ▲ 21.6% |
| Amounts payable17/49 | €602k | €584k | ▼ 2.9% |
| Amounts payable after more than one year17 | €450k | €450k | = |
| Financial debts170/4 | €450k | €450k | = |
| Amounts payable within one year42/48 | €152k | €134k | ▼ 11.6% |
| Trade debts44 | €5k | - | - |
| Suppliers440/4 | €5k | - | - |
| Other amounts payable47/48 | €147k | €134k | ▼ 8.5% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-159k | €34k | ▲ 122% |
| Operating cash flow (approximation) | €-159k | €34k | ▲ 122% |
| Investment in fixed assets (approximation) | - | €-18k | - |
| Change in cash | - | €14k | - |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Wielsbeke · 1 establishment unit since 2023
Ground area
611 m²
Building footprint
330 m²
Volume, LiDAR
3,060 m³
Parcel 37014B0650/00K004, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
OTF bv
since 20232.340.853.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014B0650/00K004 | Flanders | 611 m² | 1 · 330 m² | 12.3 m · 3 fl. |
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.
Similar companies · same sector, comparable size
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,778 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
Founded26-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
47540Retail sale of electrical household appliances
47559Retail sale of other household articles
47783Retail trade
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.