OTHEUS
ActiveSummary
OTHEUS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €310,844. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+22
Solvency40▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.74 in 2024; short-term debt: 32.3% and cash: 2.4% of total assets), and 84.7% 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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.3%
Return on assets
4.6%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8161 sector peers (2025).
NBB · sector comparisonPosition among 8161 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
17 d late
2023
41 d early
2022
54 d early
2021
8 d late
2020
2 d early
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 5 February (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 fastest grower in Geel, Wholesale and retail trade sector
Equity
€1.0m▲ 42.9%
2024 · €723,875
Total assets
€6.7m=
2024 · €6.7m
Net result
€310,844▲ 423%
2024 · €59,406
Working capital
-€505,964▼ 3.0%
2024 · -€491,411
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,619€392,486▲ 3,278%€227,412▼ 42.1%€281,664▲ 23.9%€614,600▲ 118%
Net result-€59,627below the sector's middle half▲ 76.3%€324,604above the sector's middle half€180,079above the sector's middle half▼ 44.5%€59,406within the sector's middle half▼ 67.0%€310,844above the sector's middle half▲ 423%
Equity€159,786within the sector's middle half▼ 26.2%€484,390within the sector's middle half▲ 203%€664,469within the sector's middle half▲ 37.2%€723,875within the sector's middle half▲ 8.9%€1.0mabove the sector's middle half▲ 42.9%
Total assets€3.4mabove the sector's middle half▼ 10.3%€3.4mabove the sector's middle half▲ 0.1%€4.5mabove the sector's middle half▲ 33.0%€6.7mabove the sector's middle half▲ 50.8%€6.7mabove the sector's middle half=
Debt€3.2m▼ 9.3%€2.9m▼ 10.0%€3.8m▲ 32.3%€6.0m▲ 58.2%€5.7m▼ 5.2%
Working capital-€646,032below the sector's middle half▼ 10.0%€168,373within the sector's middle half€254,194within the sector's middle half▲ 51.0%-€491,411below the sector's middle half-€505,964below the sector's middle half▼ 3.0%
Solvency4.8%below the sector's middle half▼ 1.0pp14.4%below the sector's middle half▲ 9.6pp14.9%below the sector's middle half▲ 0.5pp10.7%below the sector's middle half▼ 4.1pp15.3%below the sector's middle half▲ 4.6pp
Current ratio0.62below the sector's middle half▼ 0.061.16below the sector's middle half▲ 0.541.28within the sector's middle half▲ 0.120.74below the sector's middle half▼ 0.540.77below the sector's middle half▲ 0.03
Return on assets (ROA)-1.8%below the sector's middle half▲ 4.9pp9.7%within the sector's middle half▲ 11.4pp4.0%within the sector's middle half▼ 5.6pp0.9%within the sector's middle half▼ 3.1pp4.6%within the sector's middle half▲ 3.7pp
Staff (FTE)21.2above the sector's middle half▼ 4.9%19.5above the sector's middle half▼ 8.0%18.7above the sector's middle half▼ 4.1%23.9above the sector's middle half▲ 27.8%26.7above the sector's middle half▲ 11.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 118% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.7m
Fixed assets
€5.1m ▼ 5.5%
Current assets
€1.7m ▲ 21.1%
Equity and liabilities €6.7m
Equity
€1.0m ▲ 42.9%
Debt
€5.7m ▼ 5.2%
Debt's share of the balance-sheet total falls from 89.3% to 84.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€946,663▲
2024 · €597,278
Cash flow
€642,907▲
2024 · €375,020
Quick ratio
0.08▲
2024 · 0.06
Debt to equity
5.52▼
2024 · 8.32
ROE
30.0%▲
2024 · 8.2%
Interest coverage
5.34▲
2024 · 3.23
Debt ≤ 1 year
€2.2m▲
2024 · €1.9m
Debt > 1 year
€3.5m▼
2024 · €4.1m
Income taxes
€126,358▲
2024 · €37,618
Staff costs
€1.1m▲
2024 · €955,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,681 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €19,000 | €15,614 | ▼ 17.8% |
| Remuneration, social security and pensions62 | - | €638,867 | €756,936 | €955,266 | €1.1m | ▲ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €200,524 | €191,025 | €221,299 | €315,615 | €332,064 | ▲ 5.2% |
| Other operating charges640/8 | - | €25,578 | €25,682 | €24,679 | €39,424 | ▲ 59.7% |
| Gross operating margin9900 | €708,414 | €1.2m | €1.2m | €1.6m | €2.1m | ▲ 31.7% |
| Operating profit (loss)9901 | €11,619 | €392,486 | €227,412 | €281,664 | €614,600 | ▲ 118% |
| Financial charges65/66B | - | €67,121 | €46,440 | €184,641 | €177,398 | ▼ 3.9% |
| Recurring financial charges65 | €63,186 | €67,121 | €46,440 | €184,641 | €177,398 | ▼ 3.9% |
| Profit (loss) for the period before taxes9903 | -€51,566 | €325,365 | €180,972 | €97,023 | €437,202 | ▲ 351% |
| Income taxes67/77 | €8,060 | €761 | €893 | €37,618 | €126,358 | ▲ 236% |
| Profit (loss) for the period9904 | -€59,627 | €324,604 | €180,079 | €59,406 | €310,844 | ▲ 423% |
| Profit (loss) for the period to be appropriated9905 | -€59,627 | €324,604 | €180,079 | €59,406 | €310,844 | ▲ 423% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.4m | €4.5m | €6.7m | €6.7m | = |
| Fixed assets21/28 | €2.3m | €2.1m | €3.3m | €5.4m | €5.1m | ▼ 5.5% |
| Tangible fixed assets22/27 | €2.3m | €2.1m | €3.3m | €5.4m | €5.1m | ▼ 5.5% |
| Land and buildings22 | - | €2.1m | €3.3m | €5.2m | €5.0m | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €4,018 | €13,854 | €15,046 | €18,257 | ▲ 21.3% |
| Furniture and vehicles24 | - | - | €8,767 | €108,162 | €82,111 | ▼ 24.1% |
| Financial fixed assets28 | - | - | €9,000 | €9,000 | €9,000 | = |
| Current assets29/58 | €1.1m | €1.2m | €1.2m | €1.4m | €1.7m | ▲ 21.1% |
| Stocks and contracts in progress3 | €950,422 | €925,857 | €1.0m | €1.3m | €1.5m | ▲ 18.3% |
| Stocks30/36 | - | €925,857 | €1.0m | €1.3m | €1.5m | ▲ 18.3% |
| Amounts receivable within one year40/41 | - | - | €60,000 | - | - | - |
| Trade receivables40 | - | - | €60,000 | - | - | - |
| Cash at bank and in hand54/58 | €107,575 | €304,456 | €64,835 | €89,789 | €161,326 | ▲ 79.7% |
| Deferred charges and accrued income490/1 | - | €2,126 | €180 | €30,588 | €20,287 | ▼ 33.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.4m | €4.5m | €6.7m | €6.7m | = |
| Equity10/15 | €159,786 | €484,390 | €664,469 | €723,875 | €1.0m | ▲ 42.9% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €351,798 | €351,798 | €351,798 | €351,798 | €351,798 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €349,938 | €349,938 | €349,938 | €349,938 | = |
| Profit (loss) carried forward14 | -€210,604 | €114,001 | €294,080 | €353,485 | €664,329 | ▲ 87.9% |
| Amounts payable17/49 | €3.2m | €2.9m | €3.8m | €6.0m | €5.7m | ▼ 5.2% |
| Amounts payable after more than one year17 | €1.5m | €1.8m | €2.9m | €4.1m | €3.5m | ▼ 14.5% |
| Financial debts170/4 | - | €1.8m | €2.9m | €4.1m | €3.5m | ▼ 14.5% |
| Amounts payable within one year42/48 | €1.7m | €1.1m | €905,375 | €1.9m | €2.2m | ▲ 16.3% |
| Current portion of amounts payable after more than one year42 | - | €739,304 | €484,467 | €993,793 | €934,502 | ▼ 6.0% |
| Trade debts44 | €346,546 | €124,897 | €195,165 | €497,899 | €590,788 | ▲ 18.7% |
| Suppliers440/4 | - | €124,897 | €195,165 | €497,899 | €590,788 | ▲ 18.7% |
| Taxes, remuneration and social security45 | - | €199,866 | €225,743 | €380,153 | €652,521 | ▲ 71.6% |
| Taxes450/3 | - | €148,417 | €166,870 | €302,201 | €569,648 | ▲ 88.5% |
| Remuneration and social security454/9 | - | €51,448 | €58,873 | €77,952 | €82,873 | ▲ 6.3% |
| Accrued charges and deferred income492/3 | - | €21,778 | €18,593 | €27,932 | €6,645 | ▼ 76.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,627 | €324,604 | €180,079 | €59,406 | €310,844 | ▲ 423% |
| + Depreciation and write-downs630 | €200,524 | €191,025 | €221,299 | €315,615 | €332,064 | ▲ 5.2% |
| Operating cash flow (approximation) | €140,897 | €515,629 | €401,378 | €375,020 | €642,907 | ▲ 71.4% |
| Investment in fixed assets (approximation) | - | -€21,241 | -€1.4m | -€2.4m | -€37,880 | ▲ 98.4% |
| Change in cash | - | €196,881 | -€239,621 | €24,954 | €71,538 | ▲ 187% |
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
Next filing, fiscal year 2026, expected by
2026
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
30-06
Financial
Equity above €1mEq €1.0m ▲42.9%
4 profitable years in a row build equity to €1.0m.
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 17 days late
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €500,000Eq €664,469 ▲37.2%
2 profitable years in a row build equity to €664,469.
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €324,604
Net result €324,604 after 3 loss-making years.
30-06
Financial
Equity above €200,000Eq €484,390 ▲203%
Equity rises from €159,786 to €484,390.
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet -€251,260
Net result drops to -€251,260, the lowest in the series; recovery starts the following year.
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
Show earlier events
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Geel · 5 establishment units since 2016
Ground area
3,986 m²
Building footprint
2,439 m²
Volume, LiDAR
27,391 m³
6 parcels, Flanders · tallest building 22.3 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
5 establishment units
Two Store Diest
since 20162.256.122.406
Two Store Mol
since 20162.256.122.505
Two Store Turnhout
since 20162.256.122.604
Two Store Geel
since 20162.256.122.307
Two Store Hasselt
since 20162.272.415.337
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0741/00K000 | Flanders | 1,493 m² | 1 · 508 m² | 22.2 m · 7 fl. |
| 13008H0245/00T000 | Flanders | 901 m² | 1 · 511 m² | 13.1 m · 1 fl. |
| 13453T0392/00A000 | Flanders | 669 m² | 1 · 548 m² | 16.0 m · 3 fl. |
| 13008H0235/00E002 | Flanders | 606 m² | 1 · 556 m² | 17.7 m · 4 fl. |
| 24020A1002/00C000indicative | Flanders | 220 m² | 1 · 219 m² | 14.3 m · 4 fl. |
| 71022H0786/00L000 | Flanders | 97 m² | 1 · 97 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
5 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Dual-learning approval
28 endedAanvuller (so)
Aanvuller (so)
Aanvuller (so)
Aanvuller (so)
Aanvuller (so)
Aanvuller (so)
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Kassier (so)
Kassier (so)
Kassier (so)
Kassier (so)
Kassier (so)
Kassier (so)
Verkoper (so)
Verkoper (so)
Verkoper (so)
Verkoper (so)
Verkoper (so)
Verkoper (so)
Winkelbediende (so)
Winkelbediende (so)
Winkelbediende (so)
Winkelbediende (so)
Winkelbediende (so)
Winkelbediende (so)
Aanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Legal Entity Identifier
549300U8UEBHPMNOD465
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 442 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
Founded26-09-1991
Fiscal year end30-06
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47512Retail sale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445253061
Also
9925:BE0445253061
Registered
09-09-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.