OtterIT
ActiveSummary
OtterIT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €101k and a net result of €62k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency82▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 2.88 in 2023; short-term debt: 43% and cash: 54.4% of total assets), and 43% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-05-2025, 87 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
87 d early
2023
40 d early
2022
35 d early
2021
58 d early
2020
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€101k▲ 2.1%
2023 · €99k
Total assets
€177k▲ 18.7%
2023 · €149k
Net result
€62k▲ 0.3%
2023 · €62k
Working capital
€53k▼ 44.0%
2023 · €94k
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
Operating result€41k-€64k▲ 56.6%€24k▼ 62.6%€80k▲ 234%€79k▼ 1.6%
Net result€31k-€49k▲ 59.3%€17k▼ 65.0%€62k▲ 263%€62k▲ 0.3%
Equity€32k-€80k▲ 154%€67k▼ 16.2%€99k▲ 47.5%€101k▲ 2.1%
Total assets€61k-€111k▲ 83.1%€127k▲ 14.1%€149k▲ 17.6%€177k▲ 18.7%
Debt€29k-€31k▲ 6.6%€60k▲ 91.9%€50k▼ 15.9%€76k▲ 51.4%
Working capital€27k-€74k▲ 179%€61k▼ 18.0%€94k▲ 55.1%€53k▼ 44.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €177k
Fixed assets
€48k ▲ 923%
Current assets
€129k ▼ 10.9%
Equity and liabilities €177k
Equity
€101k ▲ 2.1%
Debt
€76k ▲ 51.4%
Debt's share of the balance-sheet total rises from 33.7% to 43.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€87k▲
2023 · €83k
Cash flow
€71k▲
2023 · €65k
Current ratio
1.69▼
2023 · 2.88
Debt to equity
0.75▲
2023 · 0.51
ROE
61.4%▼
2023 · 62.5%
ROA
35.0%▼
2023 · 41.4%
Interest coverage
183.56▲
2023 · 116.50
Debt ≤ 1 year
€76k▲
2023 · €50k
Income taxes
€16k▼
2023 · €17k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €733 | €2k | €3k | €3k | €9k | ▲ 170% |
| Other operating charges640/8 | - | €339 | €461 | €1k | €776 | ▼ 30.5% |
| Gross operating margin9900 | €42k | €66k | €27k | €84k | €88k | ▲ 4.5% |
| Operating profit (loss)9901 | €41k | €64k | €24k | €80k | €79k | ▼ 1.6% |
| Financial income75/76B | - | - | €4 | €0 | - | - |
| Recurring financial income75 | - | - | €4 | €0 | - | - |
| Financial charges65/66B | - | €1k | €2k | €714 | €475 | ▼ 33.4% |
| Recurring financial charges65 | €1k | €1k | €2k | €714 | €475 | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | €40k | €63k | €22k | €79k | €78k | ▼ 1.3% |
| Income taxes67/77 | €9k | €14k | €5k | €17k | €16k | ▼ 6.9% |
| Profit (loss) for the period9904 | €31k | €49k | €17k | €62k | €62k | ▲ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €31k | €49k | €17k | €62k | €62k | ▲ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61k | €111k | €127k | €149k | €177k | ▲ 18.7% |
| Fixed assets21/28 | €5k | €6k | €6k | €5k | €48k | ▲ 923% |
| Tangible fixed assets22/27 | €5k | €6k | €6k | €5k | €48k | ▲ 923% |
| Plant, machinery and equipment23 | - | €3k | €4k | €3k | €1k | ▼ 55.7% |
| Furniture and vehicles24 | - | €3k | €2k | €2k | €47k | ▲ 2,033% |
| Current assets29/58 | €56k | €105k | €121k | €145k | €129k | ▼ 10.9% |
| Amounts receivable within one year40/41 | €12k | €30k | €26k | €12k | €31k | ▲ 168% |
| Trade receivables40 | - | €30k | €17k | €11k | €31k | ▲ 172% |
| Other amounts receivable41 | - | €170 | €9k | €172 | - | - |
| Cash at bank and in hand54/58 | €42k | €74k | €93k | €130k | €96k | ▼ 25.9% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €3k | €2k | ▼ 42.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61k | €111k | €127k | €149k | €177k | ▲ 18.7% |
| Equity10/15 | €32k | €80k | €67k | €99k | €101k | ▲ 2.1% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Capital10 | - | €1k | - | - | - | - |
| Issued capital100 | - | €1k | - | - | - | - |
| Profit (loss) carried forward14 | €31k | €79k | €66k | €98k | €100k | ▲ 2.1% |
| Amounts payable17/49 | €29k | €31k | €60k | €50k | €76k | ▲ 51.4% |
| Amounts payable within one year42/48 | €29k | €31k | €60k | €50k | €76k | ▲ 51.4% |
| Trade debts44 | €4k | €3k | €2k | €4k | €925 | ▼ 75.2% |
| Suppliers440/4 | - | €3k | €2k | €4k | €925 | ▼ 75.2% |
| Taxes, remuneration and social security45 | - | €18k | €17k | €21k | €24k | ▲ 12.6% |
| Taxes450/3 | - | €17k | €17k | €21k | €23k | ▲ 9.1% |
| Remuneration and social security454/9 | - | €600 | €0 | - | €738 | - |
| Other amounts payable47/48 | - | €11k | €41k | €26k | €52k | ▲ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €49k | €17k | €62k | €62k | ▲ 0.3% |
| + Depreciation and write-downs630 | €733 | €2k | €3k | €3k | €9k | ▲ 170% |
| Operating cash flow (approximation) | €31k | €51k | €20k | €65k | €71k | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | €-3k | €-3k | €-2k | €-52k | ▼ 3,259% |
| Change in cash | - | €32k | €19k | €37k | €-34k | ▼ 191% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €62k ▲0.3%
Net result €62k, the highest in the series.
31-12
Financial
Equity above €100kEq €101k ▲2.1%
5 profitable years in a row build equity to €101k.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €17k ▼65%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ciney · 1 establishment unit since 2019
Ground area
1,053 m²
Building footprint
102 m²
Parcel 91028B0277/00_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
OtterIT
since 20192.296.530.527
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91028B0277/00_000 | Wallonia | 1,053 m² | 1 · 102 m² | - |
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.
Similar companies · same sector, comparable size
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ITQ CONSULTANCY
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The Product
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,557 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
Founded04-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.