OTTOP
ActiveSummary
OTTOP has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €387,678 and a net result of €62,533. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 7.29 against 11.28 in 2023; short-term debt: 13.5% and cash: 35.9% of total assets), and 13.5% 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 · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.5%
Return on assets
14%
Age of the figures
21 mo
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 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
19 d early
2022
63 d early
2021
8 d early
2020
33 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€387,678▼ 21.7%
2023 · €495,145
Total assets
€448,057▼ 17.6%
2023 · €543,589
Net result
€62,533▲ 1.3%
2023 · €61,754
Working capital
€379,562▼ 22.0%
2023 · €486,511
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€58,899▼ 44.8%€60,401▲ 2.6%€63,267▲ 4.7%€82,903▲ 31.0%€80,683▼ 2.7%
Net result€42,173above the sector's middle half▼ 44.1%€43,833above the sector's middle half▲ 3.9%€44,553above the sector's middle half▲ 1.6%€61,754above the sector's middle half▲ 38.6%€62,533above the sector's middle half▲ 1.3%
Equity€345,004above the sector's middle half▲ 13.9%€388,838above the sector's middle half▲ 12.7%€433,391above the sector's middle half▲ 11.5%€495,145above the sector's middle half▲ 14.2%€387,678above the sector's middle half▼ 21.7%
Total assets€390,201above the sector's middle half▲ 15.4%€460,953above the sector's middle half▲ 18.1%€486,322above the sector's middle half▲ 5.5%€543,589above the sector's middle half▲ 11.8%€448,057above the sector's middle half▼ 17.6%
Debt€45,196▲ 28.2%€72,115▲ 59.6%€52,931▼ 26.6%€48,444▼ 8.5%€60,379▲ 24.6%
Working capital€329,815▲ 20.4%€375,091▲ 13.7%€420,529▲ 12.1%€486,511▲ 15.7%€379,562▼ 22.0%
Solvency88.4%above the sector's middle half▼ 1.2pp84.4%above the sector's middle half▼ 4.1pp89.1%above the sector's middle half▲ 4.8pp91.1%above the sector's middle half▲ 2.0pp86.5%above the sector's middle half▼ 4.6pp
Staff (FTE)3.6above the sector's middle half▲ 9.1%3.7▲ 2.8%2.8▼ 24.3%3.1▲ 10.7%2.8▼ 9.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €448,057
Fixed assets
€8,116 ▼ 16.7%
Current assets
€439,941 ▼ 17.6%
Equity and liabilities €448,057
Equity
€387,678 ▼ 21.7%
Debt
€60,379 ▲ 24.6%
Debt's share of the balance-sheet total rises from 8.9% to 13.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84,413▼
2023 · €88,705
Cash flow
€66,264▼
2023 · €67,556
Current ratio
7.29▼
2023 · 11.28
Debt to equity
0.16▲
2023 · 0.10
ROE
16.1%▲
2023 · 12.5%
ROA
14.0%▲
2023 · 11.4%
Interest coverage
1340.96▲
2023 · 465.50
Debt ≤ 1 year
€60,379▲
2023 · €47,334
Income taxes
€24,518▼
2023 · €25,142
Staff costs
€83,562▼
2023 · €103,205
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €100,059 | €95,824 | €103,205 | €83,562 | ▼ 19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,753 | €12,022 | €5,132 | €5,802 | €3,731 | ▼ 35.7% |
| Other operating charges640/8 | - | €613 | €261 | €1,225 | €668 | ▼ 45.4% |
| Gross operating margin9900 | €153,158 | €173,095 | €164,484 | €193,136 | €168,644 | ▼ 12.7% |
| Operating profit (loss)9901 | €58,899 | €60,401 | €63,267 | €82,903 | €80,683 | ▼ 2.7% |
| Financial income75/76B | - | €1,085 | €0 | €4,184 | €6,431 | ▲ 53.7% |
| Recurring financial income75 | - | €1,085 | €0 | €4,184 | €6,431 | ▲ 53.7% |
| Financial charges65/66B | - | €68 | €95 | €191 | €63 | ▼ 67.0% |
| Recurring financial charges65 | €220 | €68 | €95 | €191 | €63 | ▼ 67.0% |
| Profit (loss) for the period before taxes9903 | €58,679 | €61,418 | €63,172 | €86,896 | €87,051 | ▲ 0.2% |
| Income taxes67/77 | €16,506 | €17,585 | €18,619 | €25,142 | €24,518 | ▼ 2.5% |
| Profit (loss) for the period9904 | €42,173 | €43,833 | €44,553 | €61,754 | €62,533 | ▲ 1.3% |
| Profit (loss) for the period to be appropriated9905 | €42,173 | €43,833 | €44,553 | €61,754 | €62,533 | ▲ 1.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €390,201 | €460,953 | €486,322 | €543,589 | €448,057 | ▼ 17.6% |
| Fixed assets21/28 | €16,189 | €14,746 | €13,862 | €9,744 | €8,116 | ▼ 16.7% |
| Tangible fixed assets22/27 | €16,189 | €14,746 | €13,862 | €9,744 | €8,116 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | €14,746 | €10,210 | €5,675 | €3,559 | ▼ 37.3% |
| Furniture and vehicles24 | - | €0 | €3,651 | €4,070 | €4,557 | ▲ 12.0% |
| Current assets29/58 | €374,011 | €446,206 | €472,461 | €533,845 | €439,941 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €28,497 | €46,995 | €25,033 | €22,347 | €28,898 | ▲ 29.3% |
| Trade receivables40 | - | €46,995 | €25,033 | €22,347 | €21,233 | ▼ 5.0% |
| Other amounts receivable41 | - | - | - | - | €7,665 | - |
| Current investments50/53 | - | - | - | - | €250,000 | - |
| Cash at bank and in hand54/58 | €345,514 | €399,212 | €447,427 | €511,498 | €161,044 | ▼ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €390,201 | €460,953 | €486,322 | €543,589 | €448,057 | ▼ 17.6% |
| Equity10/15 | €345,004 | €388,838 | €433,391 | €495,145 | €387,678 | ▼ 21.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €328,019 | €371,019 | €415,519 | €477,019 | €369,549 | ▼ 22.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €4,159 | €4,159 | €4,159 | €4,159 | = |
| Distributable reserves133 | - | €365,000 | €409,500 | €472,860 | €365,390 | ▼ 22.7% |
| Profit (loss) carried forward14 | €4,586 | €5,419 | €5,472 | €5,726 | €5,729 | ▲ 0.1% |
| Amounts payable17/49 | €45,196 | €72,115 | €52,931 | €48,444 | €60,379 | ▲ 24.6% |
| Amounts payable within one year42/48 | €44,196 | €71,115 | €51,931 | €47,334 | €60,379 | ▲ 27.6% |
| Trade debts44 | €186 | €6,741 | €4,628 | €1,502 | €5,936 | ▲ 295% |
| Suppliers440/4 | - | €6,741 | €4,628 | €1,502 | €5,936 | ▲ 295% |
| Advances received on contracts in progress46 | - | €32,028 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €21,876 | €37,709 | €35,805 | €42,865 | ▲ 19.7% |
| Taxes450/3 | - | €1,978 | €19,108 | €14,830 | €21,763 | ▲ 46.8% |
| Remuneration and social security454/9 | - | €19,898 | €18,601 | €20,975 | €21,102 | ▲ 0.6% |
| Other amounts payable47/48 | - | €10,470 | €9,594 | €10,027 | €11,578 | ▲ 15.5% |
| Accrued charges and deferred income492/3 | - | €1,000 | €1,000 | €1,110 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,173 | €43,833 | €44,553 | €61,754 | €62,533 | ▲ 1.3% |
| + Depreciation and write-downs630 | €13,753 | €12,022 | €5,132 | €5,802 | €3,731 | ▼ 35.7% |
| Operating cash flow (approximation) | €55,927 | €55,855 | €49,685 | €67,556 | €66,264 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€10,579 | -€4,247 | -€1,685 | -€2,102 | ▼ 24.8% |
| Change in cash | - | €53,697 | €48,216 | €64,071 | -€350,454 | ▼ 647% |
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
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
Financial
Weakest financial yearnet €42,173 ▼44.1%
Net result drops to €42,173, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-10
Financial
Highest result since 2018net €75,397 ▲43.4%
Operating result €106,646, net result €75,397, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Maarkedal · 1 establishment unit since 1997
Ground area
1,130 m²
Building footprint
354 m²
Volume, LiDAR
2,090 m³
2 parcels, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PEARLE OPTICIEN
since 19972.084.240.483
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0294/00G000 | Flanders | 609 m² | 1 · 264 m² | 13.6 m · 2 fl. |
| 45032A0578/00E000 | Flanders | 521 m² | 1 · 90 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 1,733 companies in sector 47742 we hold annual accounts for 1,139. 859 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
Founded17-11-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461843625
Also
9925:BE0461843625
Registered
29-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.