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OtterIT

Active
Private limited companyfounded 20196 yrs activeRue des Prunelles 7, 5590 Ciney, BelgiumKBO/BCE: BE 0738.742.496
Summary

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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 December 2019, OtterIT was incorporated as a Private limited company.1 Total assets went from EUR 60,804 in 2020 to EUR 177,343 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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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
€0€20k€40k€60k€80kOperating result 2020: €41k€41kNet result 2020: €31k€31kOperating result 2021: €64k€64kNet result 2021: €49k€49kOperating result 2022: €24k€24kNet result 2022: €17k€17kOperating result 2023: €80k€80kNet result 2023: €62k€62kOperating result 2024: €79k€79kNet result 2024: €62k€62k20202021202220232024€0€20k€40k€60k€80kOperating result 2022: €24k€24kNet result 2022: €17k€17kOperating result 2023: €80k€80kNet result 2023: €62k€62kOperating result 2024: €79k€79kNet result 2024: €62k€62k202220232024
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
2024 value · change against 2023
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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€149k€177k▲
Fixed assets21/28€5k€48k▲
Tangible fixed assets22/27€5k€48k▲
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€2k€47k▲
Current assets29/58€145k€129k▼
Amounts receivable within one year40/41€12k€31k▲
Trade receivables40€11k€31k▲
Other amounts receivable41€172-
Cash at bank and in hand54/58€130k€96k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€149k€177k▲
Equity10/15€99k€101k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€98k€100k▲
Amounts payable17/49€50k€76k▲
Amounts payable within one year42/48€50k€76k▲
Trade debts44€4k€925▼
Suppliers440/4€4k€925▼
Taxes, remuneration and social security45€21k€24k▲
Taxes450/3€21k€23k▲
Remuneration and social security454/9-€738
Other amounts payable47/48€26k€52k▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€9k▲
Other operating charges640/8€1k€776▼
Gross operating margin9900€84k€88k▲
Operating profit (loss)9901€80k€79k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€714€475▼
Recurring financial charges65€714€475▼
Profit (loss) for the period before taxes9903€79k€78k▼
Income taxes67/77€17k€16k▼
Profit (loss) for the period9904€62k€62k▲
Profit (loss) for the period to be appropriated9905€62k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€160k▲
Profit (loss) brought forward from the previous period14P€66k€98k▲
Profit to be distributed694/7€30k€60k▲
Return on contributions (dividend)694€30k€60k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
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%
Line20202021202220232024Change
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%
Line20202021202220232024Change
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.

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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
seat establishment The establishment unit on the map
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
Rue des Prunelles 7, 5590 CineyIT consultancy
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

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.