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B.A.D. 21

Group · 15 companies · 2 countries

B.A.D. 21 and the 14 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.

Parent's dossierFollow this group My exposure
Companies
15
13 in Belgium, 2 abroad
Countries
2
Belgium, France
Total assets
€2.26bn
what the companies own together
Equity
€977.4m
the shareholders' buffer
Net result
€29.7m
profit or loss of the year
Staff (FTE)
0.0
in Belgium, social balance

Sum of the filed annual accounts of 13 of the 13 Belgian companies (financial years 2025-2026). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.

B.A.D. 21 also files consolidated accounts (financial year 2025): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.

Group risk

How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.

53/100 median score

Group structure

Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.

  • B.A.D. 2111 subsidiaries
    BE 0849.021.796Parent
    No verdict€1.20bn €763.7m 2025
    • Odyssée Holding
      BE 0763.529.956100% per the accounts
      Fair · 53€55.0m -€14.1m 2025
    • Otium Consumer
      BE 0678.482.63399.75% per the accounts
      Healthy · 86€143.6m €137.6m 2025
    • OTIUM FINANCING
      BE 0798.836.075100% per the accounts
      Fair · 53€44.6m -€2.2m 2025
    • Otium Health
      BE 0738.653.812100% per the accounts
      Fair · 53€11.5m -€6.8m 2025
    • Otium Immobilier1 subsidiary
      BE 0790.725.390100% per the accounts
      Fair · 53€6.7m -€2.3m 2025
      • LASNE IMMOBILIER
        BE 1004.659.583100% per the accountsInactive
        Elevated€6 -€32,065 2026
    • Otium Industrie
      BE 0790.725.984100% per the accounts
      No verdict€35.3m -€5.1m 2025
    • Otium Leisure1 subsidiary
      BE 0771.919.862100% per the accounts
      Fair · 53€323.8m -€19.7m 2025
    • OTIUM SECURITIES1 subsidiary
      BE 0803.648.859
      Healthy · 65€34.4m €34.1m 2025
      • TIVO INVEST
        BE 0629.916.02064.07% per the accounts
        Fair · 56€167,728 -€5.7m 2025
    • Otium Venture
      BE 0678.482.03999.75% per the accounts
      Healthy · 87€61.9m €61.2m 2025
    • ALFEOR TSM
      FR Paris, FranceindirectLEI lapsed
    • SCI DU DOMAINE DE CHALES
      FR Nouan-Le-Fuzelier, FranceindirectLEI lapsed

High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.

Events in the group

Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.

  1. Dissolution with immediate closure of the liquidation
    DissolutionLASNE IMMOBILIER
  2. 1 director appointed, 1 director resigning
    Director changeLASNE IMMOBILIER
  3. Edouard MALNOY resigns as director
    Director changeOtium Leisure International
  4. 2 directors resigning
    Director changeOTIUM SECURITIES
  5. François DURVYE resigns as day-to-day manager
    Director changeOTIUM FINANCING

What is my exposure to this group?

The companies of this group you keep in your lists or follow, seen together.

Where do these figures come from?

Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.

The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.

The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.

Updated on 17-10-2026

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