OTKAS
ActiveSummary
OTKAS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €25k. Equity is growing by ~69% per year across the filed fiscal years. Its solvency ranks better than 24% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76=
Solvency53▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.61 against 3.71 in 2024; short-term debt: 11.7% and cash: 23.6% of total assets), but 72.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
27.7%
Return on assets
6.1%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 16618 sector peers (2025).
NBB · sector comparisonPosition among 16618 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
28 d early
2023
28 d late
2022
23 d late
2021
22 d late
2020
30 d late
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€116k▲ 28.2%
2024 · €90k
Total assets
€419k▼ 3.6%
2024 · €434k
Net result
€25k▼ 1.7%
2024 · €26k
Working capital
€128k▲ 5.5%
2024 · €121k
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
Line20212022202320242025
Operating result€29k▲ 267%€25k▼ 12.8%€47k▲ 88.0%€44k▼ 7.7%€41k▼ 5.8%
Net result€16k€15k▼ 4.0%€28k▲ 80.5%€26k▼ 6.6%€25k▼ 1.7%
Equity€21k▲ 300%€37k▲ 72.0%€64k▲ 75.5%€90k▲ 40.2%€116k▲ 28.2%
Total assets€431k▼ 4.6%€462k▲ 7.3%€453k▼ 1.9%€434k▼ 4.2%€419k▼ 3.6%
Debt€410k▼ 8.3%€426k▲ 3.9%€389k▼ 8.6%€344k▼ 11.6%€303k▼ 11.9%
Working capital€70k▲ 98.3%€60k▼ 14.1%€99k▲ 65.2%€121k▲ 22.4%€128k▲ 5.5%
Staff (FTE)1▲ 150%1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €419k
Fixed assets
€242k ▼ 9.8%
Current assets
€177k ▲ 6.5%
Equity and liabilities €419k
Equity
€116k ▲ 28.2%
Debt
€303k ▼ 11.9%
Debt's share of the balance-sheet total falls from 79.2% to 72.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▼
2024 · €88k
Cash flow
€70k▼
2024 · €70k
Current ratio
3.61▼
2024 · 3.71
Debt to equity
2.62▼
2024 · 3.80
ROE
22.0%▼
2024 · 28.7%
ROA
6.1%▲
2024 · 6.0%
Interest coverage
13.19▲
2024 · 11.94
Debt ≤ 1 year
€49k▲
2024 · €45k
Debt > 1 year
€230k▼
2024 · €280k
Income taxes
€10k▼
2024 · €11k
Staff costs
€32k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12k | €15k | €27k | €20k | €32k | ▲ 59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €63k | €46k | €45k | €44k | ▼ 0.8% |
| Other operating charges640/8 | €6k | €6k | €7k | €40k | €7k | ▼ 81.7% |
| Non-recurring operating charges66A | €9k | €393 | €0 | - | - | - |
| Gross operating margin9900 | €110k | €110k | €128k | €148k | €124k | ▼ 15.9% |
| Operating profit (loss)9901 | €29k | €25k | €47k | €44k | €41k | ▼ 5.8% |
| Financial income75/76B | - | €12 | €9 | €221 | €813 | ▲ 267% |
| Recurring financial income75 | - | €12 | €9 | €221 | €813 | ▲ 267% |
| Financial charges65/66B | €9k | €8k | €8k | €7k | €6k | ▼ 12.4% |
| Recurring financial charges65 | €9k | €8k | €8k | €7k | €6k | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €20k | €17k | €40k | €37k | €36k | ▼ 2.8% |
| Income taxes67/77 | €4k | €1k | €12k | €11k | €10k | ▼ 5.4% |
| Profit (loss) for the period9904 | €16k | €15k | €28k | €26k | €25k | ▼ 1.7% |
| Profit (loss) for the period to be appropriated9905 | €16k | €15k | €28k | €26k | €25k | ▼ 1.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €431k | €462k | €453k | €434k | €419k | ▼ 3.6% |
| Fixed assets21/28 | €308k | €349k | €309k | €268k | €242k | ▼ 9.8% |
| Intangible fixed assets21 | €34k | €12k | €9k | €5k | €2k | ▼ 61.3% |
| Tangible fixed assets22/27 | €274k | €337k | €301k | €263k | €240k | ▼ 8.8% |
| Land and buildings22 | €256k | €241k | €223k | €206k | €204k | ▼ 0.8% |
| Plant, machinery and equipment23 | €15k | €31k | €25k | €20k | €11k | ▼ 41.4% |
| Furniture and vehicles24 | €2k | €65k | €52k | €37k | €24k | ▼ 36.0% |
| Current assets29/58 | €123k | €113k | €144k | €166k | €177k | ▲ 6.5% |
| Amounts receivable within one year40/41 | €70k | €79k | €89k | €70k | €72k | ▲ 2.5% |
| Trade receivables40 | €69k | €76k | €88k | €66k | €67k | ▲ 1.8% |
| Other amounts receivable41 | €1k | €3k | €394 | €4k | €5k | ▲ 13.5% |
| Cash at bank and in hand54/58 | €49k | €28k | €48k | €83k | €99k | ▲ 19.0% |
| Deferred charges and accrued income490/1 | €4k | €7k | €7k | €13k | €6k | ▼ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €431k | €462k | €453k | €434k | €419k | ▼ 3.6% |
| Equity10/15 | €21k | €37k | €64k | €90k | €116k | ▲ 28.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €3k | €18k | €46k | €72k | €97k | ▲ 35.5% |
| Distributable reserves133 | €3k | €18k | €46k | €72k | €97k | ▲ 35.5% |
| Amounts payable17/49 | €410k | €426k | €389k | €344k | €303k | ▼ 11.9% |
| Amounts payable after more than one year17 | €340k | €356k | €327k | €280k | €230k | ▼ 17.6% |
| Financial debts170/4 | €199k | €215k | €190k | €154k | €117k | ▼ 23.9% |
| Other amounts payable178/9 | €142k | €141k | €137k | €126k | €113k | ▼ 9.8% |
| Amounts payable within one year42/48 | €53k | €53k | €45k | €45k | €49k | ▲ 9.2% |
| Current portion of amounts payable after more than one year42 | €44k | €31k | €35k | €36k | €37k | ▲ 3.4% |
| Trade debts44 | €5k | €16k | €7k | €6k | €8k | ▲ 30.3% |
| Suppliers440/4 | €5k | €16k | €7k | €6k | €8k | ▲ 30.3% |
| Advances received on contracts in progress46 | - | - | - | €100 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €4k | €5k | €3k | €3k | €4k | ▲ 39.0% |
| Taxes450/3 | €133 | - | €127 | €0 | - | - |
| Remuneration and social security454/9 | €4k | €5k | €3k | €3k | €4k | ▲ 39.0% |
| Accrued charges and deferred income492/3 | €16k | €17k | €17k | €19k | €23k | ▲ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €15k | €28k | €26k | €25k | ▼ 1.7% |
| + Depreciation and write-downs630 | €54k | €63k | €46k | €45k | €44k | ▼ 0.8% |
| Operating cash flow (approximation) | €70k | €79k | €74k | €70k | €70k | ▼ 1.1% |
| Investment in fixed assets (approximation) | - | €-104k | €-7k | €-3k | €-18k | ▼ 439% |
| Change in cash | - | €-22k | €21k | €35k | €16k | ▼ 54.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Equity above €100kEq €116k ▲28.2%
5 profitable years in a row build equity to €116k.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.57
Current ratio from 0.65 to 1.57; short-term debt falls from €207k to €62k.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oostende · 1 establishment unit since 2015
Ground area
594 m²
Building footprint
456 m²
Volume, LiDAR
3,718 m³
Parcel 35382D0640/00K006, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
OTKAS
since 20152.239.198.676
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0640/00K006 | Flanders | 594 m² | 1 · 456 m² | 14.4 m · 4 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,355 EUR awarded · 1,355 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 180 EUR | 1,260 EUR |
| 2024 | 1 | 1,175 EUR | 95 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,696 companies in sector 86951 we hold annual accounts for 2,142. 1,813 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
Founded05-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
47789Other retail sale of new goods
93130Fitness centres
Contact
Scores and ratios are computed by Checked and are not a credit decision.