OTSUKEORI
ActiveSummary
OTSUKEORI has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €168k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+99
Solvency48▲+44
Growth43▲+21
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 0.78 in 2024; short-term debt: 76.9% and cash: 29.6% of total assets), and 76.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
23.1%
Return on assets
74.4%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
18 d late
2023
75 d early
2022
172 d early
2021
29 d late
2020
111 d late
2019
111 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€609k▲ 41.5%
2024 · €431k
2018: €926k
2019: €613k
2020: €418k
2021: €368k
2022: €452k
2023: €605k
2024: €431k
2018 → 2025
EBIT margin
29.7%▲ 38.3pp
2024 · -8.6%
2018: 3.6%
2019: 5.5%
2020: -35.3%
2021: -27.3%
2022: 9.5%
2023: 2.9%
2024: -8.6%
2018 → 2025
Net result
€168k
2024 · €-44k
2018: €16k
2019: €14k
2020: €-142k
2021: €-104k
2022: €40k
2023: €16k
2024: €-44k
2018 → 2025
Working capital
€41k
2024 · €-83k
2018: €77k
2019: €84k
2020: €-29k
2021: €-164k
2022: €-52k
2023: €-44k
2024: €-83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€368k-€452k▲ 22.7%€605k▲ 34.0%€431k▼ 28.8%€609k▲ 41.5%
Equity€-141k-€-38k▲ 72.8%€-22k▲ 41.6%€-66k▼ 195%€52k
Operating result€-101k-€43k€18k▼ 58.7%€-37k€181k
Net result€-104k-€40k€16k▼ 60.1%€-44k€168k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €181k after a loss of €37k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226k
Fixed assets
€12k ▼ 33.5%
Current assets
€215k ▼ 27.3%
Equity and liabilities €226k
Equity
€52k
Debt
€174k
Debt finances 76.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€187k▲
2024 · €-32k
Cash flow
€174k▲
2024 · €-38k
Current ratio
1.23▲
2024 · 0.78
Quick ratio
0.71▲
2024 · 0.37
Debt to equity
3.33▲
2024 · -5.74
ROE
322.2%
ROA
74.4%▲
2024 · -14.0%
Interest coverage
19.49▲
2024 · -6.09
Debt ≤ 1 year
€174k▼
2024 · €378k
Income taxes
€3k▲
2024 · €1k
Staff costs
€28k▼
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€312k€226k▼
Fixed assets21/28€17k€12k▼
Tangible fixed assets22/27€14k€8k▼
Furniture and vehicles24€13k€7k▼
Other tangible fixed assets26€735€630▼
Financial fixed assets28€4k€4k=
Current assets29/58€295k€215k▼
Stocks and contracts in progress3€156k€91k▼
Stocks30/36€156k€91k▼
Amounts receivable within one year40/41€102k€54k▼
Trade receivables40€75k€35k▼
Other amounts receivable41€27k€19k▼
Cash at bank and in hand54/58€36k€67k▲
Deferred charges and accrued income490/1€242€2k▲
Equity and liabilities
Total equity and liabilities10/49€312k€226k▼
Equity10/15€-66k€52k▲
Contributions10/11€69k€19k▼
Reserves13€27k€27k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-161k€7k▲
Amounts payable17/49€378k€174k▼
Amounts payable within one year42/48€378k€174k▼
Current portion of amounts payable after more than one year42€3k-
Trade debts44€358k€162k▼
Suppliers440/4€358k€162k▼
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€5k€7k▲
Remuneration and social security454/9€12k€5k▼
Income statement
Code20242025
Turnover70€431k€609k▲
Non-recurring operating income76A€2k€191k▲
Goods, raw materials, services and sundry goods60/61€434k€542k▲
Remuneration, social security and pensions62€34k€28k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€4k€47k▲
Gross operating margin9900€7k€262k▲
Operating profit (loss)9901€-37k€181k▲
Financial charges65/66B€5k€10k▲
Recurring financial charges65€5k€10k▲
Profit (loss) for the period before taxes9903€-42k€171k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€-44k€168k▲
Profit (loss) for the period to be appropriated9905€-44k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-161k€7k▲
Profit (loss) brought forward from the previous period14P€-118k€-161k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €168k
Net result €168k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 111 days late
2020
31-12
Financial
Weakest financial yearnet €-142k ▼1090%
Net result drops to €-142k, the lowest in the series; recovery starts the following year.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
31-12
Financial
Equity above €100kEq €106k ▲15.7%
2 profitable years in a row build equity to €106k.
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
04-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sint-Jans-Molenbeek · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Edmond Machtenslaan 791080 Sint-Jans-MolenbeekGround area
1,163 m²
Building footprint
582 m²
Volume, LiDAR
9,517 m³
2 parcels, Brussels · tallest building 29.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
OTSUKEORI
since 20142.225.907.005
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0307/00T002 | Brussels | 974 m² | 1 · 393 m² | 29.3 m · 9 fl. |
| 21908E0011/00G015 | Brussels | 189 m² | 1 · 189 m² | 16.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TURKMEN
BE 0426.551.263
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NEW LINE DECOR
BE 0446.690.641
Bree · Eq €53,228
KISANY Social Enterprise
BE 0686.793.355
Meise · Eq €53,239
LINMAL
BE 0432.051.361
Tongeren-Borgloon · Eq €50,780
MARIE - JULIE
BE 0463.567.849
Roeselare · Eq €50,591
Of 1,271 companies in sector 47512 we hold annual accounts for 581. 459 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47512Retail sale of household textiles and bedding
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46411Wholesale trade
46412Wholesale of household textiles and bedding
46419Wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
46425Wholesale trade
46473Wholesale trade
46494Wholesale of non-electrical household articles
46498Wholesale trade
46833Wholesale trade
47513Retail trade
47519Retail trade
47530Retail trade
47711Retail sale of women's outerwear
47712Retail trade
47713Retail trade
47714Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47722Retail trade
95230Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.