OTTE
Open bankruptcyA bankruptcy procedure is open for OTTE according to publications in the Belgian State Gazette; curator: DOMINIQUE LEGRAND.
Summary
The 2024 annual accounts show negative equity (€-84k) and a net result of €-25k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-84k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
33 d late
2022
58 d late
2021
78 d late
2020
23 d late
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€48k
EBIT margin
-12.7%
Net result
€-25k▼ 232%
2023 · €-7k
Working capital
€-81k▼ 43.6%
2023 · €-56k
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
Line20202021202220232024
Turnover€48k
Operating result€-18k▼ 174%€-17k▲ 6.4%€-23k▼ 32.6%€-6k▲ 73.0%€-24k▼ 298%
Net result€-19k▼ 166%€-18k▲ 7.0%€-23k▼ 32.2%€-7k▲ 68.4%€-25k▼ 232%
EBIT margin-12.7%
Equity€-21k▼ 786%€-29k▼ 35.8%€-52k▼ 80.3%€-60k▼ 14.1%€-84k▼ 41.0%
Total assets€5k▼ 77.1%€10k▲ 103%€3k▼ 74.3%€6k▲ 111%€12k▲ 115%
Debt€27k▲ 7.0%€39k▲ 48.8%€55k▲ 39.6%€65k▲ 18.8%€96k▲ 47.4%
Working capital€-22k▼ 464%€-29k▼ 34.1%€-52k▼ 80.3%€-56k▼ 7.4%€-81k▼ 43.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2024 against €6k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12k
Fixed assets
€500 =
Current assets
€12k ▲ 126%
Key figures and ratios
Solvency
-696.1%
Current ratio
0.13▲
2023 · 0.08
Debt to equity
-1.14▼
2023 · -1.09
ROA
-202.5%▼
2023 · -130.9%
Debt ≤ 1 year
€92k▲
2023 · €61k
Debt > 1 year
€4k=
2023 · €4k
Staff costs
€25k▲
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €48k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €58k | - | - |
| Remuneration, social security and pensions62 | - | €11k | €11k | €13k | €25k | ▲ 90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €264 | - | - | - | - |
| Other operating charges640/8 | - | €7k | €1k | €1k | €10k | ▲ 700% |
| Gross operating margin9900 | €-8k | €484 | €-10k | €8k | €11k | ▲ 26.1% |
| Operating profit (loss)9901 | €-18k | €-17k | €-23k | €-6k | €-24k | ▼ 298% |
| Financial income75/76B | - | €41 | €0 | €117 | €644 | ▲ 450% |
| Recurring financial income75 | €50 | €41 | €0 | €117 | €644 | ▲ 450% |
| Financial charges65/66B | - | €708 | €812 | €1k | €964 | ▼ 32.0% |
| Recurring financial charges65 | €887 | €708 | €812 | €1k | €964 | ▼ 32.0% |
| Profit (loss) for the period before taxes9903 | €-19k | €-18k | €-23k | €-7k | €-25k | ▼ 232% |
| Profit (loss) for the period9904 | €-19k | €-18k | €-23k | €-7k | €-25k | ▼ 232% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €-18k | €-23k | €-7k | €-25k | ▼ 232% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5k | €10k | €3k | €6k | €12k | ▲ 115% |
| Fixed assets21/28 | €264 | €0 | €0 | €500 | €500 | = |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €264 | €0 | €0 | €0 | - | - |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | - | - |
| Furniture and vehicles24 | - | €0 | €0 | €0 | - | - |
| Financial fixed assets28 | - | - | - | €500 | €500 | = |
| Current assets29/58 | €5k | €10k | €3k | €5k | €12k | ▲ 126% |
| Stocks and contracts in progress3 | €2k | €2k | €2k | €0 | - | - |
| Stocks30/36 | - | €2k | €2k | €0 | - | - |
| Amounts receivable within one year40/41 | €3k | €7k | €606 | €825 | €9k | ▲ 1,010% |
| Trade receivables40 | - | €7k | €606 | €825 | €9k | ▲ 1,010% |
| Other amounts receivable41 | - | €0 | €0 | €0 | - | - |
| Cash at bank and in hand54/58 | - | €1k | - | €4k | €2k | ▼ 36.5% |
| Deferred charges and accrued income490/1 | - | €0 | - | €450 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5k | €10k | €3k | €6k | €12k | ▲ 115% |
| Equity10/15 | €-21k | €-29k | €-52k | €-60k | €-84k | ▼ 41.0% |
| Contributions10/11 | €0 | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-40k | €-48k | €-71k | €-78k | €-103k | ▼ 31.3% |
| Amounts payable17/49 | €27k | €39k | €55k | €65k | €96k | ▲ 47.4% |
| Amounts payable after more than one year17 | - | - | - | €4k | €4k | = |
| Financial debts170/4 | - | - | - | €4k | €4k | = |
| Amounts payable within one year42/48 | €27k | €39k | €55k | €61k | €92k | ▲ 50.5% |
| Financial debts43 | - | - | €234 | €5k | - | - |
| Credit institutions430/8 | - | - | €234 | €5k | - | - |
| Trade debts44 | €14k | €26k | €22k | €3k | €13k | ▲ 292% |
| Suppliers440/4 | - | €26k | €22k | €3k | €13k | ▲ 292% |
| Taxes, remuneration and social security45 | - | €7k | €4k | €7k | €19k | ▲ 163% |
| Taxes450/3 | - | €4k | €3k | €5k | €10k | ▲ 107% |
| Remuneration and social security454/9 | - | €3k | €763 | €2k | €9k | ▲ 269% |
| Other amounts payable47/48 | - | €7k | €29k | €46k | €61k | ▲ 31.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €-18k | €-23k | €-7k | €-25k | ▼ 232% |
| + Depreciation and write-downs630 | €1k | €264 | - | - | - | - |
| Operating cash flow (approximation) | €-18k | €-17k | €-23k | €-7k | €-25k | ▼ 232% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-500 | €0 | ▲ 100% |
| Change in cash | - | - | - | - | €-1k | - |
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
2026
06-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 02-02-2026
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Verviers · 1 establishment unit since 2004
Ground area
290 m²
Building footprint
142 m²
Volume, LiDAR
639 m³
Parcel 63022A0051/00G005, Wallonia · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Otte
since 20042.144.069.588
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63022A0051/00G005 | Wallonia | 290 m² | 1 · 142 m² | 11.0 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DOMINIQUE LEGRAND RUE DU VIEUX TILLEUL 53,
4880 AUBEL |
02-02-2026 → present |
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Of 3,206 companies in sector 95316 we hold annual accounts for 751. 378 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 (pre-2019)
Founded25-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
Contact
Phone
0478 31 85 06Verviers
Scores and ratios are computed by Checked and are not a credit decision.