Otto sales
Open bankruptcyA bankruptcy procedure is open for Otto sales according to publications in the Belgian State Gazette; curator: BRANDAAN MOMBAERS. The 2023 annual accounts show negative equity (€-371k) and a net result of €-85k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-06-2024, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
34 d early
2022
73 d late
2021
436 d late
2020
150 d late
2019
108 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Turnover
€1.41M▲ 3.4%
2022 · €1.37M
2019: €1.18M
2020: €1.06M
2021: €1.20M
2022: €1.37M
2019 → 2023
EBIT margin
-4.8%▼ 3.7pp
2022 · -1.0%
2019: -5.6%
2020: -1.6%
2021: -1.1%
2022: -1.0%
2019 → 2023
Net result
€-85k▼ 193%
2022 · €-29k
2018: €93k
2019: €-76k
2020: €-31k
2021: €-28k
2022: €-29k
2018 → 2023
Working capital
€-361k▼ 26.5%
2022 · €-285k
2018: €-145k
2019: €-264k
2020: €-275k
2021: €-279k
2022: €-285k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€1.18M-€1.06M▼ 10.1%€1.20M▲ 12.6%€1.37M▲ 14.4%€1.41M▲ 3.4%
Equity€-197k-€-228k▼ 15.6%€-256k▼ 12.2%€-285k▼ 11.4%€-371k▼ 29.9%
Operating result€-67k-€-17k▲ 74.9%€-14k▲ 18.3%€-14k▼ 2.9%€-68k▼ 379%
Net result€-76k-€-31k▲ 59.4%€-28k▲ 9.6%€-29k▼ 4.4%€-85k▼ 193%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €68k in 2023 against €14k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €155k
Fixed assets
€9k▼ 51.9%
Current assets
€147k▼ 18.1%
Key figures and ratios
EBITDA
€-56k▼
2022 · €7k
Cash flow
€-74k▼
2022 · €-8k
Solvency
-238.5%▼
2022 · -144.7%
Current ratio
0.29▼
2022 · 0.39
Quick ratio
0.23▼
2022 · 0.29
Debt / equity
-1.42▲
2022 · -1.69
ROA
-54.9%▼
2022 · -14.8%
Interest coverage
-3.05▼
2022 · 0.45
Debt
€526k▲
2022 · €483k
Debt ≤ 1 year
€508k▲
2022 · €464k
Debt > 1 year
€11k=
2022 · €11k
Income taxes
€4▲
2022 · €-3
Staff costs
€424k▲
2022 · €421k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€197k€155k▼
Fixed assets21/28€18k€9k▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€18k€9k▼
Land and buildings22€8k€3k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€1k€349▼
Other tangible fixed assets26-€0
Current assets29/58€179k€147k▼
Stocks and contracts in progress3€46k€31k▼
Stocks30/36€46k€31k▼
Amounts receivable within one year40/41€35k€18k▼
Trade receivables40€35k€18k▼
Other amounts receivable41€164€17▼
Current investments50/53-€18k
Cash at bank and in hand54/58€98k€80k▼
Deferred charges and accrued income490/1-€5
Equity and liabilities
Total equity and liabilities10/49€197k€155k▼
Equity10/15€-285k€-371k▼
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€893€893=
Tax-exempt reserves132€893€893=
Profit (loss) carried forward14€-305k€-390k▼
Amounts payable17/49€483k€526k▲
Amounts payable after more than one year17€11k€11k=
Financial debts170/4€11k€11k=
Amounts payable within one year42/48€464k€508k▲
Trade debts44€370k€421k▲
Suppliers440/4€370k€421k▲
Taxes, remuneration and social security45€94k€87k▼
Taxes450/3€20k€9k▼
Remuneration and social security454/9€74k€78k▲
Accrued charges and deferred income492/3€7k€8k▲
Income statement
Code20222023
Turnover70€1.37M€1.41M▲
Goods, raw materials, services and sundry goods60/61€937k€1.04M▲
Remuneration, social security and pensions62€421k€424k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€12k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€431k€372k▼
Operating profit (loss)9901€-14k€-68k▼
Financial income75/76B€81€430▲
Recurring financial income75€19€430▲
Non-recurring financial income76B€62-
Financial charges65/66B€15k€18k▲
Recurring financial charges65€15k€18k▲
Non-recurring financial charges66B-€111
Profit (loss) for the period before taxes9903€-29k€-85k▼
Income taxes67/77€-3€4▲
Profit (loss) for the period9904€-29k€-85k▼
Profit (loss) for the period to be appropriated9905€-29k€-85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-305k€-390k▼
Profit (loss) brought forward from the previous period14P€-276k€-305k▼
Social balance
Average headcount (FTE)908710.28.2▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · OTTO SALES BV LEON LEPAGESTRAAT 63 63, 1000 BRUSSEL 1 · event 20-08-2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-85k
Net result drops to €-85k, the lowest in the series.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 73 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 436 days late
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 150 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 108 days late
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 85 days late
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 127 days late
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 66 days late
2016
25-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 56 days late
2015
24-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 55 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 5 establishment units since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Léon Lepagestraat 631000 BrusselGround area
687 m²
Building footprint
658 m²
Volume, LiDAR
7,650 m³
5 parcels, Brussels, Flanders · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
5 establishment units
Just in Case Brussels Store
since 20072.159.587.313
Just in Case Antwerp Store
since 20112.198.482.234
Garderobe National
since 20122.204.711.218
Just in Case Gent Store
since 20172.268.806.046
Just in Case Nieuwpoort Store
since 20192.289.718.256
5 parcels
Flanders
4
(80%)
Brussels
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0987/00K000 | Flanders | 234 m² | 1 · 234 m² | 19.9 m · 5 fl. |
| 11803C1058/00A000 | Flanders | 171 m² | 1 · 171 m² | 18.7 m · 5 fl. |
| 44803C1134/00A002 | Flanders | 142 m² | 1 · 136 m² | 14.2 m · 3 fl. |
| 38402D0316/00C000 | Flanders | 107 m² | 1 · 117 m² | 21.1 m · 4 fl. |
| 21811M0461/00N000 | Brussels | 33 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels 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 | BRANDAAN MOMBAERS LAKENSESTRAAT 154/11,
1000 BRUSSEL 1 |
20-08-2024 → present |
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Of 1,311 companies in sector 46423 we hold annual accounts for 812. 398 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-01-2007
Fiscal year end31-12
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
51421
47512Retail sale of household textiles and bedding
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.