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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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.
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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The Product
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Jette · Eq €101,131
Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,559 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.