OTOCONSULT
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-07-2024, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
12 d early
2022
32 d late
2021
3 d late
2020
10 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€9.4m▲ 2.6%
2022 · €9.2m
Total assets
€9.5m▲ 1.8%
2022 · €9.4m
Net result
€236,805▼ 73.7%
2022 · €899,477
Working capital
€9.4m▲ 7.8%
2022 · €8.7m
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
Line20192020202120222023
Operating result€932,536▲ 4.9%€1.0m▲ 7.7%€1.4m▲ 43.4%€1.0m▼ 27.5%€217,412▼ 79.2%
Net result€885,714▲ 5.8%€918,580▲ 3.7%€1.3m▲ 39.8%€899,477▼ 29.9%€236,805▼ 73.7%
Equity€6.3m▲ 12.3%€7.2m▲ 14.7%€8.3m▲ 15.1%€9.2m▲ 10.9%€9.4m▲ 2.6%
Total assets€6.7m▲ 6.3%€7.4m▲ 11.5%€8.5m▲ 14.4%€9.4m▲ 10.0%€9.5m▲ 1.8%
Debt€410,155▼ 41.7%€260,753▼ 36.4%€250,845▼ 3.8%€201,848▼ 19.5%€135,778▼ 32.7%
Working capital€5.7m▲ 9.8%€6.6m▲ 17.1%€7.8m▲ 17.0%€8.7m▲ 12.2%€9.4m▲ 7.8%
Staff (FTE)7.8▲ 16.4%6.9▼ 11.5%5.3▼ 23.2%3.4▼ 35.8%0.6▼ 82.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 79% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €9.5m
Equity
€9.4m ▲ 2.6%
Debt
€135,778 ▼ 32.7%
Debt's share of the balance-sheet total falls from 2.2% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
70.24▲
2022 · 44.22
Debt to equity
0.01▼
2022 · 0.02
ROE
2.5%▼
2022 · 9.8%
ROA
2.5%▼
2022 · 9.6%
Debt ≤ 1 year
€135,778▼
2022 · €201,848
Income taxes
€91,940▼
2022 · €170,258
Staff costs
€28,048▼
2022 · €220,980
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €376,089 | €220,980 | €28,048 | ▼ 87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,561 | €52,228 | €52,228 | €49,139 | - | - |
| Other operating charges640/8 | - | - | €1,169 | €1,170 | €1,269 | ▲ 8.5% |
| Gross operating margin9900 | €1.5m | €1.5m | €1.9m | €1.3m | €246,729 | ▼ 81.2% |
| Operating profit (loss)9901 | €932,536 | €1.0m | €1.4m | €1.0m | €217,412 | ▼ 79.2% |
| Financial income75/76B | - | - | €8,368 | €37,243 | €117,429 | ▲ 215% |
| Recurring financial income75 | €26,797 | €10,189 | €8,368 | €37,243 | €117,429 | ▲ 215% |
| Financial charges65/66B | - | - | €10,656 | €10,639 | €6,096 | ▼ 42.7% |
| Recurring financial charges65 | €5,271 | €4,076 | €10,656 | €10,639 | €6,096 | ▼ 42.7% |
| Profit (loss) for the period before taxes9903 | €954,063 | €1.0m | €1.4m | €1.1m | €328,746 | ▼ 69.3% |
| Income taxes67/77 | €68,349 | €91,803 | €153,312 | €170,258 | €91,940 | ▼ 46.0% |
| Profit (loss) for the period9904 | €885,714 | €918,580 | €1.3m | €899,477 | €236,805 | ▼ 73.7% |
| Transfer from tax-exempt reserves789 | - | - | €248,000 | €248,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | €885,714 | €918,580 | €1.5m | €1.1m | €236,805 | ▼ 79.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.7m | €7.4m | €8.5m | €9.4m | €9.5m | ▲ 1.8% |
| Fixed assets21/28 | €594,049 | €541,821 | €489,593 | €440,454 | - | - |
| Tangible fixed assets22/27 | €200,376 | €148,148 | €95,920 | €46,781 | - | - |
| Plant, machinery and equipment23 | - | - | €854 | - | - | - |
| Furniture and vehicles24 | - | - | €93,563 | €46,781 | - | - |
| Other tangible fixed assets26 | - | - | €1,503 | - | - | - |
| Financial fixed assets28 | €393,673 | €393,673 | €393,673 | €393,673 | - | - |
| Current assets29/58 | €6.1m | €6.9m | €8.0m | €8.9m | €9.5m | ▲ 6.8% |
| Amounts receivable within one year40/41 | €288,776 | €297,906 | €414,781 | €305,019 | €1.0m | ▲ 241% |
| Trade receivables40 | - | - | €394,781 | €304,414 | €267,208 | ▼ 12.2% |
| Other amounts receivable41 | - | - | €20,000 | €605 | €773,062 | ▲ 127,679% |
| Current investments50/53 | - | - | - | €6.5m | €6.1m | ▼ 5.9% |
| Cash at bank and in hand54/58 | €5.8m | €6.6m | €7.6m | €2.1m | €2.4m | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | - | €17,942 | €12,797 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.7m | €7.4m | €8.5m | €9.4m | €9.5m | ▲ 1.8% |
| Equity10/15 | €6.3m | €7.2m | €8.3m | €9.2m | €9.4m | ▲ 2.6% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €5.7m | €6.6m | €7.9m | €8.8m | €9.0m | ▲ 2.7% |
| Non-distributable reserves130/1 | - | - | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | - | €248,000 | - | - | - |
| Distributable reserves133 | - | - | €7.7m | €8.8m | €9.0m | ▲ 2.7% |
| Profit (loss) carried forward14 | €490,225 | €490,225 | €290,225 | €290,225 | €290,225 | = |
| Amounts payable17/49 | €410,155 | €260,753 | €250,845 | €201,848 | €135,778 | ▼ 32.7% |
| Amounts payable within one year42/48 | €403,882 | €252,271 | €250,845 | €201,848 | €135,778 | ▼ 32.7% |
| Trade debts44 | €83,498 | €19,803 | €27,335 | €10,474 | €15 | ▼ 99.9% |
| Suppliers440/4 | - | - | €27,335 | €10,474 | €15 | ▼ 99.9% |
| Taxes, remuneration and social security45 | - | - | €220,461 | €191,375 | €135,762 | ▼ 29.1% |
| Taxes450/3 | - | - | €178,745 | €182,649 | €135,762 | ▼ 25.7% |
| Remuneration and social security454/9 | - | - | €41,717 | €8,726 | - | - |
| Other amounts payable47/48 | - | - | €3,048 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €885,714 | €918,580 | €1.3m | €899,477 | €236,805 | ▼ 73.7% |
| + Depreciation and write-downs630 | €52,561 | €52,228 | €52,228 | €49,139 | - | - |
| Operating cash flow (approximation) | €938,275 | €970,808 | €1.3m | €948,616 | €236,805 | ▼ 75.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €810,617 | €1.0m | -€5.5m | €271,003 | ▲ 105% |
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
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €236,805 ▼73.7%
Net result drops to €236,805, the lowest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
31-12
Financial
Highest result since 2018net €1.3m ▲39.8%
Operating result €1.4m, net result €1.3m, both a record.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
01-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
99.99%
According to the 2023 annual accounts of OTOCONSULT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
European research
4 projects · 3 as coordinator · 1,406,322 EUR EU contributionProgrammes
Projects
OPTImization of the automated Fitting to Outcomes eXpert with language-independent hearing-in-noise test battery and electro-acoustical test box for cochlear implant users
Hearing Minds: optimizing hearing performance in deaf cochlear implanted individuals
Dual electric-acoustic speech processor with linguistic assessment tools for deaf individuals with residual low frequency hearing
Fitting-to-Outcome eXpert for semi-automated cochlear implant fine-tuning
Recognitions · licences · registrations
Legal Entity Identifier
87550097J79ZRQ8GRL27