Checked.be
Active
BE 0878.540.282Private limited company
OTTE ERIC
Molenweg 6A ·1640 Sint-Genesius-Rode, Belgium· 20 yrs active
Sector: Joinery installation
(43320)
Conclusion
OTTE ERIC has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €287k and a net result of €68k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €287k |
| Net result | €68k |
| Better than sector | 91% |
| Active | 20 yrs |
Financial profile
94
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2006, 20 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€25k
estimate, not credit advice
Score history
78
2021
83
2022
100
2023
100
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 7.38 (≥ 1.5)
+10
Quick ratio
Quick ratio 6.99 (≥ 1.0)
+5
Leverage
Debt/equity 0.15 (< 1.0)
+10
Profitability
ROE 24% (≥ 10%)
+10
Interest coverage
Interest coverage 370.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-01-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 87.2% | 47.4% | |
| Net result | €68k | €10k | |
| Equity | €287k | €60k | |
| Gross operating margin | €94k | €39k | |
| Total assets | €329k | €141k |
€93k
-19.8%
21-25
€68k
-14.6%
21-25
€73k
-15.9%
21-25
€329k
+12.5%
21-25
€287k
+14.2%
21-25
€261k
+8.1%
21-25
€25k
-19.9%
21-25
€33k
-8.5%
21-25
€42k
+2.2%
21-25
€41k
-0.3%
21-25
€2k
-66.5%
21-25
7.38
+7.2%
21-25
6.99
+4.4%
21-25
87.2%
+1.5%
21-25
0.15
-10.4%
21-25
23.7%
-25.2%
21-25
20.7%
-24.1%
21-25
370.81
+27.5%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €93k | €116k | €61k | €28k | €43k |
| Net profit | €68k | €80k | €39k | €13k | €24k |
| Cash flow | €73k | €87k | €47k | €21k | €48k |
| Staff costs | - | - | - | - | - |
| Income taxes | €25k | €32k | €15k | €9k | €9k |
| Dividends | €33k | €36k | €15k | €84k | - |
| Total assets | €329k | €293k | €231k | €195k | €276k |
| Equity | €287k | €251k | €207k | €183k | €254k |
| Debt | €42k | €41k | €24k | €12k | €22k |
| of which ≤ 1y | €41k | €41k | €23k | €9k | €15k |
| of which > 1y | - | - | - | €2k | €7k |
| Working capital | €261k | €242k | €194k | €164k | €234k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 7.38 | 6.89 | 9.49 | 18.34 | 16.85 |
| Quick ratio | 6.99 | 6.69 | 8.23 | 17.64 | 16.37 |
| Working capital ratio | 79.5% | 82.7% | 84.0% | 84.1% | 84.9% |
| Solvency | 87.2% | 85.9% | 89.7% | 94.0% | 92.2% |
| Debt / equity | 0.15 | 0.16 | 0.11 | 0.06 | 0.03 |
| Long-term debt ratio | - | - | - | 0.01 | 0.03 |
| Interest coverage | 370.81 | 290.81 | 288.36 | 87.03 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 20.7% | 27.3% | 17.0% | 6.8% | 8.8% |
| ROE | 23.7% | 31.7% | 19.0% | 7.2% | 9.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €329k | €293k | €231k | €195k | €276k |
| Fixed assets | 21/28 | €27k | €9k | €14k | €21k | €27k |
| Tangible fixed assets | 22/27 | €27k | €9k | €14k | €21k | €27k |
| Current assets | 29/58 | €302k | €283k | €217k | €173k | €249k |
| Stocks & contracts in progress | 3 | €16k | €8k | €29k | €7k | €7k |
| Amounts receivable within one year | 40/41 | €19k | €20k | €15k | €21k | €28k |
| Investments | 50/53 | €200k | €99k | €97k | €95k | €94k |
| Cash & bank | 54/58 | €62k | €155k | €73k | €48k | €117k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €329k | €293k | €231k | €195k | €276k |
| Equity | 10/15 | €287k | €251k | €207k | €183k | €254k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €268k | €233k | €189k | €164k | €235k |
| Amounts payable | 17/49 | €42k | €41k | €24k | €12k | €22k |
| Amounts payable after one year | 17 | - | - | - | €2k | €7k |
| Amounts payable within one year | 42/48 | €41k | €41k | €23k | €9k | €15k |
| Trade debts payable within one year | 44 | €4k | €21k | €6k | €2k | €4k |
| Income statement | ||||||
| Gross operating margin | 9900 | €94k | €118k | €62k | €29k | €50k |
| Operating result | 9901 | €88k | €109k | €54k | €20k | €19k |
| Financial income | 75 | €5k | €3k | €1k | €2k | €4k |
| Financial charges | 65 | €252 | €400 | €212 | €323 | €560 |
| Result before taxes | 9903 | €93k | €111k | €54k | €22k | €23k |
| Income taxes | 67/77 | €25k | €32k | €15k | €9k | €9k |
| Net result for the period | 9904 | €68k | €80k | €39k | €13k | €14k |
| Result to be appropriated | 9905 | €68k | €80k | €39k | €22k | €24k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 11-01-2006 |
| Status | Active |
| Postal code | 1640 |
Establishment units
Molenweg 6, 1640 Sint-Genesius-Rode
since 20062.151.206.513
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004C0501/00Z010 | Flanders | 471 m² | 1 · 84 m² | 9.8 m · 3 fl. |
| 22004C0501/00A011 | Flanders | 398 m² | 1 · 340 m² | 10.3 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
25-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2021net €80k ▲103%
Operating result €109k, net result €80k, both a record.
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €200kEq €207k ▲13.1%
3 profitable years in a row build equity to €207k.
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €13k ▼45.3%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation4332045422
Names & trade names
| Legal nameNL | OTTE ERIC |
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