Equity
Equity fell by 94% in 3 years.
Equity fell by 94% in 3 years.
Short-term debts rose from €27,280 to €50,363.
The last five annual accounts were filed 14 to 141 days before the end of the period.
Lower net result than 94% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 17% of them on solvency, 36% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,133 companies had the same profile as OTINGA has now. Each dot stands for 3 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of OTINGA itself is lower: 0.1% within 12 months. It rests on far more data about OTINGA than the profile alone.
The method was tested on the 497,448 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 1,133 companies, not a prediction for OTINGA. 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.
Liquidity is tight, with a current ratio of 1.04 (3.32 in 2024), below the usual 1.5. Short-term debt is 89.6% and cash 73.9% of total assets. 89.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 43 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| OTINGA Gembloux | €56,201 | -€22,642 | 10.4% | - |
| BUSINESS INFORMATION CONSULTING Yvoir | €52,407 | -€6,113 | 5.3% | - |
| OpenFlow Andenne | €44,400 | -€391 | 71.0% | - |
| RLD Consult Namur | €65,746 | -€6,958 | -3.1% | - |
| TRANSITION-S Watermael-Boitsfort | €56,110 | -€37,658 | 83.7% | - |
| A Table etc... Liège | €58,017 | -€14,116 | 32.7% | - |
| Flexlead Lokeren | €55,716 | -€18,152 | 60.6% | - |
These companies have the same main activity as OTINGA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €44,400 and €65,700, founded between 2018 and 2019.
OTINGA files the micro format. That format states no turnover. The gross margin fell from €54,934 in 2020 to -€22,642 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 17% of 39,368 companies in 2025.
Higher than 26% of 38,051 companies in 2025.
Lower than 95% of 38,523 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
56,201 | 96,447 | 160,850 | 111,221 | 88,876 | 70,440 | |
21/28 |
3,592 | 5,847 | 9,013 | 10,564 | 9,052 | 11,208 | |
22/27 |
3,592 | 5,847 | 9,013 | 10,564 | 9,052 | 11,208 | |
22 |
2,749 | 3,148 | - | - | - | - | |
24 |
843 | 2,699 | 5,467 | 6,619 | 9,052 | 11,208 | |
26 |
- | - | 3,546 | 3,945 | - | - | |
29/58 |
52,609 | 90,600 | 151,837 | 100,657 | 79,825 | 59,232 | |
40/41 |
9,221 | 9,465 | 18,513 | 13,613 | 18,676 | 2,500 | |
40 |
- | 31 | 18,513 | 13,613 | 16,377 | - | |
41 |
9,221 | 9,434 | - | - | 2,299 | 2,500 | |
54/58 |
41,552 | 79,840 | 131,446 | 85,191 | 59,427 | 55,573 | |
490/1 |
1,835 | 1,295 | 1,878 | 1,854 | 1,722 | 1,158 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
56,201 | 96,447 | 160,850 | 111,221 | 88,876 | 70,440 | |
10/15 |
5,838 | 69,166 | 71,078 | 92,284 | 67,186 | 47,110 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
100 |
- | - | - | - | - | 5,000 | |
14 |
838 | 64,166 | 66,078 | 87,284 | 62,186 | 42,110 | |
17/49 |
50,363 | 27,280 | 89,772 | 18,937 | 21,690 | 23,330 | |
42/48 |
50,363 | 27,280 | 89,772 | 18,937 | 21,690 | 23,231 | |
44 |
754 | 2,103 | 126 | 174 | 109 | 586 | |
440/4 |
754 | 2,103 | 126 | 174 | 109 | 586 | |
45 |
2,254 | 1,803 | 16,770 | 13,700 | 20,035 | 13,479 | |
450/3 |
2,254 | 1,803 | 16,770 | 13,700 | 20,035 | 13,479 | |
47/48 |
47,355 | 23,374 | 72,876 | 5,064 | 1,547 | 9,167 | |
492/3 |
- | - | - | - | - | 99 | |
| Income statement | |||||||
9900 |
-22,642 | 27,778 | 78,551 | 35,687 | 28,837 | 54,934 | |
630 |
2,255 | 3,167 | 3,138 | 2,844 | 2,625 | 1,077 | |
640/8 |
674 | 653 | 502 | 424 | 137 | 99 | |
9901 |
-25,571 | 23,958 | 74,911 | 32,419 | 26,075 | 53,759 | |
75/76B |
- | - | - | 0 | 0 | - | |
75 |
- | - | - | 0 | 0 | - | |
65/66B |
126 | 77 | 67 | 100 | 98 | 149 | |
65 |
126 | 77 | 67 | 100 | 98 | 149 | |
9903 |
-25,696 | 23,882 | 74,843 | 32,319 | 25,977 | 53,610 | |
67/77 |
132 | 5,794 | 16,049 | 7,221 | 5,901 | 11,500 | |
9904 |
-25,828 | 18,088 | 58,795 | 25,098 | 20,076 | 42,110 | |
9905 |
-25,828 | 18,088 | 58,795 | 25,098 | 20,076 | 42,110 | |
| Appropriation of the result | |||||||
9906 |
38,338 | 84,166 | 146,078 | 87,284 | 62,186 | 42,110 | |
14P |
64,166 | 66,078 | 87,284 | 62,186 | 42,110 | - | |
694/7 |
37,500 | 20,000 | 80,000 | - | - | - | |
694 |
37,500 | 20,000 | 80,000 | - | - | - | |
| Document | |||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 12-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-03-2026 | 2026-00052889 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00279548 | |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00243343 | |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00228894 | |
| 31-12-2021 | micro format | 26-06-2022 | 2022-20096871 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25500441 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -23,316 | 27,125 | 78,049 | 35,262 | 28,701 | 54,835 | ||
| -23,574 | 21,254 | 61,932 | 27,942 | 22,701 | 43,187 | ||
| 0 | 0 | 1,587 | 4,356 | 469 | 12,285 | ||
| -38,288 | -51,606 | 46,255 | 25,764 | 3,854 | - | ||
| 2,246 | 63,319 | 62,065 | 81,720 | 58,134 | 36,000 | ||
| 10.4% | 71.7% | 44.2% | 83.0% | 75.6% | 66.9% | ||
| 1.04 | 3.32 | 1.69 | 5.32 | 3.68 | 2.55 | ||
| 8.63 | 0.39 | 1.26 | 0.21 | 0.32 | 0.50 | ||
| -442.4% | 26.2% | 82.7% | 27.2% | 29.9% | 89.4% | ||
| -46.0% | 18.8% | 36.6% | 22.6% | 22.6% | 59.8% | ||
| -185.68 | over 100 | over 100 | over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,587 | €4,356 | €469 |
| €2,255 | €3,167 | €3,138 | €2,844 | €2,625 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €25,571, after a profit of €23,958 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 28.3% to 89.6%. Equity is lower and debt is higher.
OTINGA has no parent and no holdings in its annual accounts. HOCHSTENBACH Pierre Henri Etienne is the only director. OTINGA shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
OTINGA was incorporated on 10 May 2019 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Grand Leez in 2022.3 HOCHSTENBACH Pierre Henri Etienne is director of the company, appointed by deed of 14-05-2019.2 Total assets fell from €70,440 in 2020 to €56,201 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Rue Henri-de-Leez, Gd-L. 20 registered office 5031 Gembloux | 10-05-2019 | 2.289.070.138 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92056E0415/00C000 | 1,283 m² | 1 · 137 m² | 8.3 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0726.646.004
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