OTTOMAN TRADING

Active

Private limited companyfounded 20197 yrs activeHerzieningslaan 59, 1070 Anderlecht, BelgiumKBO/BCE: BE 0719.697.141

The computed 12-month bankruptcy probability of OTTOMAN TRADING is 5.7% (elevated). The 2025 annual accounts show equity of €12k and a net result of €-3k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 51% of 866 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

41 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability27▼-53

Solvency65▼-11

Growth67=

Track record100

Bankruptcy probability, 12 months

5.7% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity ample (current ratio 1.57 against 1.71 in 2024; short-term debt: 59.5% and cash: 17.8% of total assets), but 59.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

40.5%

Return on assets

-9.5%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filings

Deviation from the deadline

2025

28 d late

2024

28 d late

2023

26 d late

2022

29 d late

2021

11 d early

2020

5 d late

2019

73 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, full schema

Turnover

€180k▼ 44.9%

2022 · €326k

2019: €157k 2020: €276k 2021: €229k 2022: €326k

2019 → 2023

EBIT margin

-2.5%▼ 2.3pp

2022 · -0.1%

2019: -3.2% 2020: 5.6% 2021: 1.7% 2022: -0.1%

2019 → 2023

Net result

€-3k

2024 · €3k

2019: €-5k 2020: €15k 2021: €1k 2022: €-1k 2023: €-5k 2024: €3k

2019 → 2025

Working capital

€10k▲ 0.6%

2024 · €10k

2019: €-3k 2020: €3k 2021: €14k 2022: €16k 2023: €6k 2024: €10k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€229k-€326k▲ 42.5%€180k▼ 44.9%

Equity€18k-€16k▼ 7.7%€12k▼ 29.3%€14k▲ 22.1%€12k▼ 19.1%

Operating result€4k-€-461€-4k▼ 861%€3k€-3k

Net result€1k-€-1k€-5k▼ 252%€3k€-3k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €3k after €3k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €28k

93.2%

Fixed assets €2k▼ 58.9%

Current assets €26k▲ 15.2%

Equity and liabilities €28k

40.5%

59.5%

Equity €12k▼ 19.1%

Debt €17k▲ 25.5%

The debt ratio rises from 48.7% to 59.5%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€107▼

2024 · €5k

Cash flow

€62▼

2024 · €5k

Solvency

40.5%▼

2024 · 51.3%

Current ratio

1.57▼

2024 · 1.71

Quick ratio

1.57▼

2024 · 1.71

Debt / equity

1.47▲

2024 · 0.95

ROE

-23.6%▼

2024 · 18.1%

ROA

-9.5%▼

2024 · 9.3%

Interest coverage

2.37▼

2024 · 118.37

Debt

€17k▲

2024 · €13k

Debt ≤ 1 year

€17k▲

2024 · €13k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€28k€28k▲

Fixed assets21/28€5k€2k▼

Tangible fixed assets22/27€5k€2k▼

Furniture and vehicles24€5k€2k▼

Current assets29/58€23k€26k▲

Amounts receivable within one year40/41€20k€21k▲

Trade receivables40€20k€20k▲

Other amounts receivable41€155€1k▲

Cash at bank and in hand54/58€3k€5k▲

Deferred charges and accrued income490/1-€82

Equity and liabilities

Total equity and liabilities10/49€28k€28k▲

Equity10/15€14k€12k▼

Contributions10/11€6k€6k=

Capital10€6k€6k=

Issued capital100€19k€19k=

Uncalled capital101€12k€12k=

Profit (loss) carried forward14€8k€5k▼

Amounts payable17/49€13k€17k▲

Amounts payable within one year42/48€13k€17k▲

Trade debts44€13k€16k▲

Suppliers440/4€13k€16k▲

Taxes, remuneration and social security45-€1k

Taxes450/3-€1k

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲

Other operating charges640/8€226€191▼

Gross operating margin9900€6k€298▼

Operating profit (loss)9901€3k€-3k▼

Financial charges65/66B€45€45=

Recurring financial charges65€45€45=

Profit (loss) for the period before taxes9903€3k€-3k▼

Profit (loss) for the period9904€3k€-3k▼

Profit (loss) for the period to be appropriated9905€3k€-3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€8k€5k▼

Profit (loss) brought forward from the previous period14P€5k€8k▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 2Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 28 days late

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 28 days late

2024

31-12

Financial Back to profitnet €3k

Net result €3k after 2 loss-making years.

26-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 26 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 29 days late

2022

20-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

05-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 5 days late

2020

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

12-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 73 days late

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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