OTIMO (0430.082.657): financials and annual accounts

OTIMO

Brussels ·KBO/BCE: BE 0430.082.657

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	1.4m	937,319	1.0m	993,334	974,336	964,082	969,618	1.0m	1.0m	1.1m	1.2m	1.2m	956,437	1.0m	1.0m	1.0m	1.1m	1.1m	1.2m	1.2m
Fixed assets`21/28`	1.2m	730,411	641,887	698,756	679,518	900,363	941,453	982,999	1.0m	1.1m	1.2m	1.2m	947,240	968,614	996,940	1.0m	1.1m	1.1m	1.2m	1.2m
Intangible fixed assets`21`	30,000	-	-	-	-	-	-	0	729	1,458	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	1.2m	730,411	641,887	698,756	679,518	900,363	941,453	982,998	1.0m	1.1m	1.2m	1.2m	947,240	968,614	996,940	1.0m	1.1m	1.1m	1.2m	1.2m
Land and buildings`22`	912,189	481,345	510,944	540,544	570,143	774,211	809,971	847,874	856,818	893,060	941,113	976,835	802,556	833,237	863,918	894,599	925,280	955,961	986,642	1.0m
Plant, machinery and equipment`23`	232,385	174,120	126,835	152,651	103,095	119,738	124,503	132,652	153,392	179,930	200,203	206,391	144,389	134,933	132,230	139,292	149,316	160,011	195,125	195,697
Furniture and vehicles`24`	67,435	74,946	4,108	5,561	6,280	6,415	6,979	2,472	9,257	14,797	19,893	25,548	296	444	792	485	262	703	1,221	1,314
Current assets`29/58`	159,277	206,909	364,450	294,578	294,818	63,719	28,164	21,306	20,769	15,791	14,618	20,932	9,197	39,837	9,598	2,592	3,614	23,455	15,683	2,663
Amounts receivable within one year`40/41`	45,086	5,705	33,983	25,327	203,482	36,605	21,377	9,040	13,245	10,515	10,515	503	927	-	-	-	-	376	606	-
Trade receivables`40`	-	5,705	-	0	1,000	-	-	0	2,730	-	-	-	424	-	-	-	-	-	-	-
Other amounts receivable`41`	45,086	-	33,983	25,327	202,482	36,605	21,377	9,040	10,515	10,515	10,515	503	503	-	-	-	-	376	606	-
Current investments`50/53`	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190	1,190
Cash at bank and in hand`54/58`	113,002	193,873	323,309	262,506	84,307	25,924	5,597	9,456	4,202	1,080	112	15,213	5,813	37,189	7,013	50	108	19,641	2,313	468
Deferred charges and accrued income`490/1`	-	6,141	5,968	5,555	5,839	-	-	1,621	2,133	3,007	2,801	4,026	1,267	1,458	1,396	1,353	2,316	2,248	11,574	1,005
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.4m	937,319	1.0m	993,334	974,336	964,082	969,618	1.0m	1.0m	1.1m	1.2m	1.2m	956,437	1.0m	1.0m	1.0m	1.1m	1.1m	1.2m	1.2m
Equity`10/15`	609,351	515,832	441,204	396,868	356,014	323,353	296,890	273,155	223,057	194,044	198,676	200,578	204,426	190,783	151,385	76,866	61,300	55,359	45,640	76,790
Contributions`10/11`	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000
Capital`10`	100,000	100,000	100,000	100,000	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000	100,000
Reserves`13`	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,001
Non-distributable reserves`130/1`	10,000	10,000	10,000	10,000	10,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,001
Profit (loss) carried forward`14`	499,351	405,831	331,203	286,868	246,014	213,353	186,890	163,154	113,056	84,044	88,676	90,578	94,426	80,783	41,385	-33,135	-48,700	-54,642	-64,360	-33,211
Amounts payable`17/49`	791,936	421,488	565,133	596,466	618,322	640,729	672,727	731,150	817,908	910,992	977,151	1.0m	752,011	817,667	855,153	960,102	1.0m	1.1m	1.2m	1.1m
Amounts payable after more than one year`17`	385,127	-	-	24,663	47,706	77,606	101,544	118,812	141,584	186,287	256,965	334,685	177,487	227,688	274,792	334,343	452,147	575,713	691,721	711,295
Financial debts`170/4`	385,127	-	-	24,663	47,706	77,606	101,544	118,812	141,584	186,287	256,965	334,685	177,487	227,688	274,792	334,343	452,147	575,713	691,721	711,295
Amounts payable within one year`42/48`	392,955	406,167	554,294	559,568	558,445	553,749	561,809	602,964	666,950	712,319	712,112	682,532	559,533	578,815	569,256	607,984	539,498	486,670	430,066	396,233
Current portion of amounts payable after more than one year`42`	88,672	-	23,044	43,196	41,603	46,341	52,103	22,772	44,693	74,283	75,596	71,069	49,794	47,103	59,551	117,799	123,049	116,073	110,472	98,390
Trade debts`44`	25,734	17,652	3,606	596	5,706	7,867	10,301	19,327	6,197	11,775	5,171	10,631	10,654	5,835	3,511	7,806	8,068	2,671	2,257	7,550
Suppliers`440/4`	25,734	17,652	3,606	596	5,706	7,867	10,301	19,327	6,197	11,775	5,171	10,631	10,654	5,835	3,511	7,806	8,068	2,671	2,257	7,550
Advances received on contracts in progress`46`	-	52,500	54,648	37,810	28,115	16,186	-	3,730	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	8,796	22,684	17,284	-	-	-	-	35,643	12,815	-	-	-	6,857	17,983	-	-	2	3	1,099	3,862
Taxes`450/3`	8,796	22,684	17,284	-	-	-	-	35,643	12,815	-	-	-	6,857	17,983	-	-	2	3	2	598
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,097	3,264
Other amounts payable`47/48`	269,753	313,331	455,713	477,967	483,022	483,356	499,405	521,491	603,245	626,261	631,345	600,832	492,228	507,894	506,194	482,379	408,379	367,924	316,238	286,431
Accrued charges and deferred income`492/3`	13,855	15,320	10,839	12,235	12,170	9,374	9,374	9,374	9,374	12,385	8,074	11,911	14,991	11,164	11,106	17,776	25,526	22,388	31,244	32,315
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	213,036	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	-	1,250	-	-	-	-	8,493	-	-	119	-	200	5,282	1,857	-	-	97	4,238	83
Gross operating margin`9900`	204,489	190,711	160,475	153,984	134,298	149,208	141,482	179,483	126,220	126,921	112,018	102,641	115,162	149,588	170,816	136,155	132,780	142,982	116,948	132,445
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	61,187	-	-	-	-	53,346	-	-	-	-	-	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,016	15,572	39,090
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	33,084	56,955	63,908	63,398	62,500	70,607	74,076	81,145	79,357	99,939	80,244	77,776	63,790	63,058	61,151	77,728	76,702	77,644	76,511	71,916
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	0	9,040	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	36,369	33,122	33,741	32,904	24,218	29,427	29,741	22,114	25,000	24,630	23,922	21,256	19,865	19,543	18,277	18,351	18,464	18,322	18,389	15,895
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	627	67	120	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	135,037	100,633	62,826	57,682	47,580	40,134	37,666	76,224	21,236	2,286	7,852	3,610	31,507	66,987	91,388	40,076	37,614	48,032	6,476	5,544
Financial income`75/76B`	0	8	-	61	65	1	6,231	30	-	-	5	31	70	6	11	-	12	17	15	9
Recurring financial income`75`	0	8	-	61	65	1	6,231	30	-	-	5	31	70	6	11	-	12	17	15	9
Financial charges`65/66B`	7,379	613	1,206	2,216	2,622	3,294	3,213	3,328	5,039	6,925	9,758	9,204	10,855	14,155	18,736	24,513	31,683	38,425	41,876	40,615
Recurring financial charges`65`	7,379	613	1,206	2,216	2,622	3,294	3,213	3,328	5,039	6,925	9,758	9,204	10,855	14,155	18,736	24,513	31,683	38,425	41,876	40,615
Profit (loss) for the period before taxes`9903`	127,657	100,028	61,619	55,526	45,023	36,841	40,684	72,926	16,197	-4,639	-1,902	-5,563	20,922	58,119	74,521	15,563	5,944	9,721	-31,147	-34,979
Income taxes`67/77`	34,138	25,400	17,284	14,673	12,362	10,379	16,948	22,828	-12,815	-7	-	-1,715	7,279	18,721	2	-3	2	3	2	2
Profit (loss) for the period`9904`	93,519	74,628	44,336	40,853	32,661	26,463	23,736	50,098	29,012	-4,632	-1,902	-3,848	13,643	39,398	74,519	15,565	5,942	9,718	-31,149	-34,981
Profit (loss) for the period to be appropriated`9905`	93,519	74,628	44,336	40,853	32,661	26,463	23,736	50,098	29,012	-4,632	-1,902	-3,848	13,643	39,398	74,519	15,565	5,942	9,718	-31,149	-34,981
Appropriation of the result
Profit (loss) to be appropriated`9906`	499,351	405,831	331,203	286,868	246,014	213,353	186,890	163,154	113,056	84,044	88,676	90,578	94,426	80,783	41,385	-33,135	-48,700	-54,642	-64,360	-33,211
Profit (loss) brought forward from the previous period`14P`	405,831	331,203	286,868	246,014	213,353	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.4	1.3
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	640	1,857
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	28-08-2026	2026-00444437	PDF
31-12-2024	micro format	21-08-2025	2025-00388115	PDF
31-12-2023	micro format	29-08-2024	2024-00389596	PDF
31-12-2022	micro format	30-08-2023	2023-00399825	PDF
31-12-2021	micro format	26-08-2022	2022-20338404	PDF
31-12-2020	micro format	23-09-2021	2021-68400091	PDF
31-12-2019	micro format	30-10-2020	2020-67000292	PDF
31-12-2018	micro format	09-08-2019	2019-45800600	PDF
31-12-2017	micro format	30-08-2018	2018-51800254	PDF
31-12-2016	micro format	31-08-2017	2017-54600404	PDF
31-12-2015	full format	29-08-2016	2016-49200410	PDF
31-12-2014	full format	31-07-2015	2015-38300435	PDF
31-12-2013	full format	26-08-2014	2014-48900285	PDF
31-12-2012	full format	16-08-2013	2013-43300127	PDF
31-12-2011	full format	29-08-2012	2012-49200196	PDF
31-12-2010	full format	27-07-2011	2011-35600073	PDF
31-12-2009	full format	25-08-2010	2010-45500142	PDF
31-12-2008	full format	31-07-2009	2009-53900228	PDF
31-12-2007	full format	31-07-2008	2008-52600104	PDF
31-12-2006	full format	25-10-2007	2007-78300324	PDF
31-12-2005	full format	01-09-2006	2006-77400001	PDF
31-12-2004	full format	26-09-2005	2005-71102907	PDF
31-12-2003	full format	26-07-2004	2004-50305280	PDF
31-12-2002	full format	06-10-2003	2003-72804416	PDF
31-12-2001	full format	03-10-2002	2002-62203509	PDF
31-12-2000	full format	31-10-2001	2001-67200138	PDF
31-12-1999	full format	26-10-2000	2000-67700126	PDF
31-12-1998	full format	10-12-1999	1999-62700875	PDF
31-12-1997	full format	21-10-1998	1998-53903301	PDF
31-12-1996	full format	16-10-1997	1997-49700345	PDF
31-12-1995	full format	22-11-1996	1996-51600479	PDF
31-12-1994	full format	14-12-1995	1995-59903080	PDF
31-12-1993	full format	01-08-1994	1994-34202045	PDF
31-12-1992	full format	17-12-1993	1993-46302324	PDF
31-12-1991	full format	08-09-1992	1992-31101892	PDF
31-12-1990	full format	06-09-1991	1991-24501590	PDF
31-12-1989	full format	29-01-1991	1991-01104202	PDF
31-12-1988	full format	12-09-1989	1989-22002908	PDF
31-12-1987	full format	18-07-1988	1988-16003478	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	168,120	157,588	126,734	121,080	110,080	110,741	111,742	157,369	100,593	102,225	88,096	81,386	95,297	130,045	152,539	117,804	114,316	125,676	82,987	77,460
Cash flow	126,603	131,583	108,244	104,252	95,162	97,070	97,812	131,243	108,369	95,307	78,342	73,928	77,433	102,457	135,670	93,294	82,644	87,362	45,362	36,935
Investment in fixed assets	544,683	145,478	25,128	82,636	16,123	29,517	32,531	43,947	10,308	27,974	32,679	339,309	42,417	34,732	23,715	37,246	34,885	11,330	45,529	19,791
Change in cash	-80,871	-129,436	60,802	178,199	58,383	20,327	-3,859	5,254	3,122	967	-15,100	9,400	-31,377	30,177	6,963	-58	-19,534	17,328	1,845	-
Working capital	-233,677	-199,258	-189,844	-264,990	-263,628	-490,030	-533,645	-581,658	-646,180	-696,528	-697,494	-661,599	-550,336	-538,978	-559,658	-605,391	-535,884	-463,215	-414,383	-393,570
EBIT margin	-	-	-	-	-	-	-	-	10.0%	-	-	-	-	-	-	-	-	-	-	-
Solvency	43.5%	55.0%	43.8%	40.0%	36.5%	33.5%	30.6%	27.2%	21.4%	17.6%	16.9%	16.3%	21.4%	18.9%	15.0%	7.4%	5.7%	4.9%	3.8%	6.3%
Current ratio	0.41	0.51	0.66	0.53	0.53	0.12	0.05	0.04	0.03	0.02	0.02	0.03	0.02	0.07	0.02	0.00	0.01	0.05	0.04	0.01
Debt to equity	1.30	0.82	1.28	1.50	1.74	1.98	2.27	2.68	3.67	4.69	4.92	5.13	3.68	4.29	5.65	12.49	16.59	19.60	25.26	14.84
ROE	15.3%	14.5%	10.0%	10.3%	9.2%	8.2%	8.0%	18.3%	13.0%	-2.4%	-1.0%	-1.9%	6.7%	20.7%	49.2%	20.2%	9.7%	17.6%	-68.2%	-45.6%
ROA	6.7%	8.0%	4.4%	4.1%	3.4%	2.7%	2.4%	5.0%	2.8%	-0.4%	-0.2%	-0.3%	1.4%	3.9%	7.4%	1.5%	0.6%	0.9%	-2.6%	-2.9%
Interest coverage	22.78	over 100	over 100	54.63	41.98	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	5 days	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	37 days	-	-	-	-	40 days	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€514,683	€145,478	€25,128	€82,636	€16,123
Intangible fixed assets	€30,000	-	-	-	-
Depreciation and write-downs of the year	€33,084	€56,955	€63,908	€63,398	€62,500

OTIMO

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Blue and white collar

Filed annual accounts

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Key figures and ratios

Investments

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