ACTIVE

OTIS

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Financial year 2021 · closed on 30/11/2021

Net result

6 M €

-34.1% YoY

Revenue

46,9 M €

-1.3% YoY

Equity

53 M €

+12.7% YoY

Workforce

238,9 ETP

-2.0% YoY

What does OTIS do?

OTIS is a Public limited company incorporated in 1938. Its registered office is in Dilbeek. It employs on average 238,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.388.581

Incorporation

28/05/1938

Legal form

Public limited company

Registered office

Spoorwegstraat 34
1702 Dilbeek · FlandreSee on map

Contributed capital

893 000,00 €

Latest accounts

30/11/2021

Average workforce

238,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2021		2020		2019		2018		2017		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	46,9 M €	-1.3%	47,5 M €	-1.5%	48,2 M €	-12.0%	54,8 M €	+6.2%	51,6 M €	+12.8%	45,7 M €	-16.9%	55,1 M €	+1.1%	54,4 M €	-12.1%	61,9 M €	+32.1%	46,9 M €	-19.4%	58,1 M €	-3.8%	60,5 M €	+43.7%	42,1 M €	-13.0%	48,3 M €
EBITDA	5,5 M €	+6.2%	5,1 M €	+2.7%	5 M €	-4.5%	5,2 M €	+11.6%	4,7 M €	-15.2%	5,5 M €	-55.6%	12,4 M €	+9.9%	11,3 M €	-5.8%	12 M €	-17.2%	14,5 M €	-3.4%	15 M €	+12.6%	13,3 M €	+14.6%	11,6 M €	-3.1%	12 M €
Operating result	5,1 M €	+5.9%	4,8 M €	+4.8%	4,6 M €	-2.9%	4,7 M €	+11.9%	4,2 M €	-8.6%	4,6 M €	-63.4%	12,6 M €	+14.7%	11 M €	-3.4%	11,4 M €	-19.9%	14,2 M €	-3.1%	14,6 M €	+11.9%	13,1 M €	+12.3%	11,7 M €	+0.1%	11,7 M €
Net result	6 M €	-34.1%	9 M €	+113%	4,2 M €	+44.4%	2,9 M €	-30.8%	4,2 M €	+37.6%	3,1 M €	-59.3%	7,6 M €	+167%	-11,4 M €	-243%	8 M €	-18.6%	9,8 M €	-26.5%	13,3 M €	-9.0%	14,6 M €	-24.9%	19,5 M €	+143%	-44,9 M €
Balance sheet
Equity	53 M €	+12.7%	47,1 M €	+23.8%	38 M €	+12.5%	33,8 M €	+9.5%	30,9 M €	+20.5%	25,6 M €	+1.8%	25,2 M €	+6.7%	23,6 M €	-41.9%	40,6 M €	-1.3%	41,1 M €	+4.6%	39,3 M €	+9.3%	36 M €	+68.7%	21,3 M €	+150%	-43,1 M €
Total assets	95,8 M €	+6.8%	89,7 M €	+11.4%	80,6 M €	+9.8%	73,4 M €	+3.4%	71 M €	+7.4%	66,1 M €	+11.4%	59,3 M €	-14.3%	69,2 M €	-19.1%	85,5 M €	+8.6%	78,7 M €	-1.7%	80,1 M €	+17.7%	68 M €	+22.6%	55,5 M €	+21.9%	45,5 M €
Cash	–		–		45,4 k €	-5.6%	48,1 k €	-38.6%	78,4 k €	-96.1%	2 M €	-41.8%	3,4 M €	+43.9%	2,4 M €	+109%	1,1 M €	+6.7%	1,1 M €	-52.7%	2,3 M €	+63.3%	1,4 M €	-41.8%	2,4 M €	-34.7%	3,6 M €
Debts	36,5 M €	+0.8%	36,2 M €	-0.5%	36,4 M €	+8.7%	33,5 M €	-2.0%	34,2 M €	+4.1%	32,8 M €	+13.9%	28,8 M €	-28.0%	40,1 M €	+2.3%	39,2 M €	+23.5%	31,7 M €	-4.4%	33,2 M €	+31.9%	25,1 M €	-5.0%	26,5 M €	+9.5%	24,2 M €
Other
Workforce	238,9 ETP	-2.0%	243,8 ETP	-2.7%	250,6 ETP	-3.7%	260,1 ETP	-3.6%	269,7 ETP	+5.5%	255,7 ETP	-12.8%	293,3 ETP	-6.1%	312,3 ETP	+1.4%	307,9 ETP	+1.6%	303,1 ETP	-1.2%	306,8 ETP	-2.5%	314,8 ETP	-5.0%	331,2 ETP	+1.5%	326,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2021 · 7 active · 48 ended

Active mandates

Christophe Greven

Director · since 21 février 2022 · until 30 avril 2027

Active

Roy Versluis

Managing director · since 21 février 2022 · until 30 avril 2027

Active

Toby Smith

Director · since 10 février 2021 · until 15 février 2022

Active

Fazil Demirkesen

Director · since 01 septembre 2019 · until 24 avril 2026

Active

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 21 septembre 2017 · until 28 avril 2023 · 0429.501.944

Represented by Griet Helsen (A01910)

Active

Wesley Steels

Managing director · since 01 août 2017 · until 10 février 2022

Active

GULAN Bora

Director · since 02 février 2017 · until 10 février 2021

Active

Ended mandates

Toby Smith

Director · since 10 février 2021 · until 30 avril 2027

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 21 septembre 2017 · until 24 avril 2020 · 0429.501.944

Represented by Koen HENS

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 21 septembre 2017 · until 24 avril 2020 · 0429.501.944

Represented by Griet (A01910) Helsen

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 21 septembre 2017 · until 24 avril 2020 · 0429.501.944

Represented by Koen (A01912) HENS

Ended

At this address

Other companies at this address

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ADEMIA● Active	0795.400.493
AUROK● Active	0795.400.790
CHOCKÉ● Active	0795.372.284
METTIS● Active	0795.400.394
Robert Half● Active	0440.965.760
Robert Half Project Sourcing● Active	0783.774.945

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019	01/12/2018
Closing of the financial year	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020	30/11/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/09/2025	16/05/2025	14/06/2023	05/10/2022	03/06/2021	17/06/2020
General meeting	24/06/2025	29/05/2024	06/06/2023	13/05/2022	30/04/2021	25/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

25 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/11/2024	24/06/2025	10/09/2025	Dutch	PDF
Full modelCorrection	30/11/2023	29/05/2024	16/05/2025	Dutch	PDF
Full modelCorrection	30/11/2023	29/05/2024	18/04/2025	Dutch	PDF
Full model	30/11/2023	29/05/2024	26/06/2024	Dutch	PDF
Full model	30/11/2022	06/06/2023	14/06/2023	Dutch	PDF
Full modelCorrection	30/11/2021	13/05/2022	05/10/2022	Dutch	PDF
Full model	30/11/2021	13/05/2022	02/06/2022	Dutch	PDF
Full model	30/11/2020	30/04/2021	03/06/2021	Dutch	PDF
Full model	30/11/2019	25/05/2020	17/06/2020	Dutch	PDF
Full modelCorrection	30/11/2018	29/04/2019	13/03/2020	Dutch	PDF
Full modelCorrection	30/11/2018	29/04/2019	03/03/2020	Dutch	PDF
Full model	30/11/2018	29/04/2019	30/04/2019	Dutch	PDF
Full model	30/11/2017	31/05/2018	01/06/2018	Dutch	PDF
Full model	30/11/2016	28/04/2017	15/06/2017	Dutch	PDF
Full model	30/11/2015	15/12/2016	09/01/2017	Dutch	PDF
Full model	30/11/2014	06/11/2015	16/02/2016	Dutch	PDF
Full model	30/11/2013	25/04/2014	28/07/2014	Dutch	PDF
Full model	30/11/2012	26/04/2013	06/06/2013	Dutch	PDF
Full modelCorrection	30/11/2011	27/04/2012	13/03/2013	Dutch	PDF
Full model	30/11/2011	27/04/2012	20/06/2012	Dutch	PDF
Full model	30/11/2010	29/04/2011	05/05/2011	Dutch	PDF
Full model	30/11/2009	30/04/2010	21/06/2010	Dutch	PDF
Full model	30/11/2008	24/04/2009	02/06/2009	Dutch	PDF
Full model	30/11/2007	29/04/2008	03/06/2008	Dutch	PDF

View all 25 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/11/2021 · 7 active · 48 ended

Active mandates

Christophe Greven

Director · since 21 février 2022 · until 30 avril 2027

Active

Roy Versluis

Managing director · since 21 février 2022 · until 30 avril 2027

Active

Toby Smith

Director · since 10 février 2021 · until 15 février 2022

Active

Fazil Demirkesen

Director · since 01 septembre 2019 · until 24 avril 2026

Active

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 21 septembre 2017 · until 28 avril 2023 · 0429.501.944

Represented by Griet Helsen (A01910)

Active

Wesley Steels

Managing director · since 01 août 2017 · until 10 février 2022

Active

GULAN Bora

Director · since 02 février 2017 · until 10 février 2021

Active

Ended mandates

Toby Smith

Director · since 10 février 2021 · until 30 avril 2027

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 21 septembre 2017 · until 24 avril 2020 · 0429.501.944

Represented by Koen HENS

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 21 septembre 2017 · until 24 avril 2020 · 0429.501.944

Represented by Griet (A01910) Helsen

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 21 septembre 2017 · until 24 avril 2020 · 0429.501.944

Represented by Koen (A01912) HENS

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/05/2023
MAATSCHAPPELIJKE ZETEL - DIVERSEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

06/01/2025
nominationGriet Helsen — commissaris
15/07/2024
nominationKevin Veestraeten — vaste vertegenwoordiger van de commissaris
01/07/2023
nominationPaulo da Cruz — bestuurder
06/06/2023
nominationGriet Helsen — commissaris
21/02/2022
nominationRoy Versluis — bestuurder
10/02/2022
nominationRoy Versluis — persoon belast met het dagelijks bestuur (algemeen directeur)
10/02/2022
nominationRoy Versluis — algemeen directeur
2021
Annual accounts 20216 M €↓
2020
Annual accounts 20209 M €↑
2019
Annual accounts 20194,2 M €↑
2018
Annual accounts 20182,9 M €↓
2017
Annual accounts 20174,2 M €↑
2015
Annual accounts 20153,1 M €↓
2013
Annual accounts 20137,6 M €↑
2012
Annual accounts 2012-11,4 M €↓
2011
Annual accounts 20118 M €↓
2010
Annual accounts 20109,8 M €↓
2009
Annual accounts 200913,3 M €↓
2008
Annual accounts 200814,6 M €↓
2007
Annual accounts 200719,5 M €↑
2006
Annual accounts 2006-44,9 M €
28/05/1938
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

OTIS

Overview

What does OTIS do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline