OTTOMAN
ActiveSummary
The computed 12-month bankruptcy probability of OTTOMAN is 2.5% (moderate). The 2024 annual accounts show equity of €128k and a net result of €11k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 78% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-2
Solvency97▲+15
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.46 against 2.21 in 2023; short-term debt: 27.6% and cash: 11.5% of total assets), and 27.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€881k
EBIT margin
7.2%
Net result
€11k▼ 72.9%
2023 · €42k
Working capital
€121k▲ 13.0%
2023 · €107k
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
Line202220232024
Turnover€881k
Operating result€91k-€63k▼ 30.7%€17k▼ 73.0%
Net result€71k-€42k▼ 40.1%€11k▼ 72.9%
EBIT margin7.2%
Equity€75k-€117k▲ 56.7%€128k▲ 9.8%
Total assets€170k-€205k▲ 21.0%€177k▼ 13.6%
Debt€95k-€88k▼ 7.0%€49k▼ 44.6%
Working capital€74k-€107k▲ 44.5%€121k▲ 13.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 73% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €177k
Fixed assets
€8k ▼ 23.1%
Current assets
€170k ▼ 13.1%
Equity and liabilities €177k
Equity
€128k ▲ 9.8%
Debt
€49k ▼ 44.6%
Debt's share of the balance-sheet total falls from 43.0% to 27.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2023 · €64k
Cash flow
€14k▼
2023 · €43k
Current ratio
3.46▲
2023 · 2.21
Quick ratio
2.95▲
2023 · 2.16
Debt to equity
0.38▼
2023 · 0.76
ROE
8.9%▼
2023 · 36.2%
ROA
6.5%▼
2023 · 20.6%
Interest coverage
36.66▲
2023 · 12.37
Debt ≤ 1 year
€49k▼
2023 · €88k
Income taxes
€5k▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | - | €881k | - | - |
| Non-recurring operating income76A | €3k | €3k | €15k | ▲ 458% |
| Goods, raw materials, services and sundry goods60/61 | - | €832k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38 | €981 | €2k | ▲ 144% |
| Other operating charges640/8 | €978 | €2k | €5k | ▲ 194% |
| Gross operating margin9900 | €92k | €66k | €25k | ▼ 62.3% |
| Operating profit (loss)9901 | €91k | €63k | €17k | ▼ 73.0% |
| Financial income75/76B | €29 | €98 | €368 | ▲ 277% |
| Recurring financial income75 | €29 | €98 | €368 | ▲ 277% |
| Financial charges65/66B | €2k | €5k | €530 | ▼ 89.8% |
| Recurring financial charges65 | €2k | €5k | €530 | ▼ 89.8% |
| Profit (loss) for the period before taxes9903 | €89k | €58k | €17k | ▼ 71.0% |
| Income taxes67/77 | €19k | €16k | €5k | ▼ 65.8% |
| Profit (loss) for the period9904 | €71k | €42k | €11k | ▼ 72.9% |
| Profit (loss) for the period to be appropriated9905 | €71k | €42k | €11k | ▼ 72.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €170k | €205k | €177k | ▼ 13.6% |
| Fixed assets21/28 | €822 | €10k | €8k | ▼ 23.1% |
| Tangible fixed assets22/27 | €822 | €10k | €8k | ▼ 23.1% |
| Land and buildings22 | - | €7k | €6k | ▼ 7.0% |
| Furniture and vehicles24 | €822 | €4k | €2k | ▼ 52.2% |
| Current assets29/58 | €169k | €195k | €170k | ▼ 13.1% |
| Stocks and contracts in progress3 | €3k | €4k | €25k | ▲ 498% |
| Stocks30/36 | €3k | €4k | €25k | ▲ 498% |
| Amounts receivable within one year40/41 | €143k | €189k | €124k | ▼ 34.3% |
| Trade receivables40 | €133k | €170k | €104k | ▼ 39.1% |
| Other amounts receivable41 | €10k | €18k | €20k | ▲ 10.1% |
| Cash at bank and in hand54/58 | €23k | €1k | €20k | ▲ 1,553% |
| Deferred charges and accrued income490/1 | - | €888 | €84 | ▼ 90.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €170k | €205k | €177k | ▼ 13.6% |
| Equity10/15 | €75k | €117k | €128k | ▲ 9.8% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Reserves13 | - | €113k | €124k | ▲ 10.2% |
| Distributable reserves133 | - | €113k | €124k | ▲ 10.2% |
| Profit (loss) carried forward14 | €71k | - | - | - |
| Amounts payable17/49 | €95k | €88k | €49k | ▼ 44.6% |
| Amounts payable within one year42/48 | €95k | €88k | €49k | ▼ 44.6% |
| Trade debts44 | €69k | €50k | €39k | ▼ 22.4% |
| Suppliers440/4 | €69k | €50k | €39k | ▼ 22.4% |
| Taxes, remuneration and social security45 | €25k | €39k | €10k | ▼ 73.0% |
| Taxes450/3 | €20k | €35k | €8k | ▼ 76.5% |
| Remuneration and social security454/9 | €5k | €4k | €2k | ▼ 40.5% |
| Other amounts payable47/48 | €682 | - | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €42k | €11k | ▼ 72.9% |
| + Depreciation and write-downs630 | €38 | €981 | €2k | ▲ 144% |
| Operating cash flow (approximation) | €71k | €43k | €14k | ▼ 68.0% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | ▲ 100% |
| Change in cash | - | €-22k | €19k | ▲ 187% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €11k ▼72.9%
Net result drops to €11k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €117k ▲56.7%
2 profitable years in a row build equity to €117k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Genk · 1 establishment unit since 2022
Ground area
736 m²
Building footprint
178 m²
Volume, LiDAR
904 m³
Parcel 71303B0989/00D000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
OTTOMAN
since 20222.327.037.324
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303B0989/00D000 | Flanders | 736 m² | 1 · 178 m² | 8.1 m · 2 fl. |
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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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,722 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
Founded06-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.