Turnover—
EBIT margin—
Net result€-1.31M+56.2%
Working capital€-222k-6.3%
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Otovo BE is 7.1% (elevated). The 2024 annual accounts show negative equity (€-586k) and a net result of €-1.31M. Its solvency ranks better than 5% of 129 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone7.1%
Elevated
0%0,5%1,5%4%10%≥25%
Young company
+Annual accounts: weaker financial profile
+Higher-failure-rate region
+
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
Financials
FY 2024
€-586k
equity
Turnover—
Net result€-1.31MHealth18/100 · Critical
See full annual accounts
People & board
5 mandates
4
active directors
Andreas Egge ThorsheimDirectorPetter UlsetDirectorCédric SeverManaging director+2 in history
All directors & mandates Publicationslatest 27-04-2026
18
publications in the State Gazette1 director appointed, 1 resigningAll publications & acts Network & structure
5
connected companiesSee network & structure
Connections
5 connected companiesTrust signals
3 signalsMore than 3 years active
Founded in 2022 — past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
0 events
No administrative flags
Company registry (CBE)
Crossroads BankActivities
Groothandel in elektrisch materiaal, inclusief installatiemateriaal46643Groothandel in elektrisch materiaal, inclusief installatiemateriaal46693
Primary activity highlighted.
Names & trade names
| Legal nameNL | Otovo BE |
| AbbreviationNL | Otovo |
Registered office
Koning Albert II-laan 4
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.