OPENING OF BANKRUPTCY

OTEC

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Financial year 2021 · closed on 31/12/2021

Net result

9,8 k €

-88.8% YoY

Gross margin

407,5 k €

-10.4% YoY

Equity

126,5 k €

-23.3% YoY

Workforce

5,7 ETP

-1.7% YoY

Company — Opening of bankruptcy.

What does OTEC do?

OTEC is a Private company with limited liability incorporated in 1975. Its main activity is: Construction of roads and motorways. Its registered office is in Nazareth. It employs on average 5,7 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0415.124.960

Incorporation

01/04/1975

Legal form

Private company with limited liability

Registered office

Begoniastraat 2 box F/G
9810 Nazareth · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2021

Average workforce

5,7 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43990Other specialised construction activities n.e.c.+6

Joint committees (4)

124
12400
20000
218

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	407,5 k €	-10.4%	454,6 k €	+75.0%	259,7 k €	-38.0%	418,8 k €	-1.7%	425,9 k €	-42.4%	739,1 k €	+82.6%	404,9 k €	+10.5%	366,3 k €	+13.5%	322,6 k €	+4.8%	307,9 k €	+4.3%	295,2 k €	+3.0%	286,6 k €	+6.4%	269,4 k €	-67.2%	820,3 k €
EBITDA	44,1 k €	-47.6%	84,2 k €	+178%	-107,8 k €	-272%	62,8 k €	+190%	21,6 k €	-60.3%	54,4 k €	-50.2%	109,3 k €	+33.5%	81,8 k €	+56.9%	52,2 k €	-7.6%	56,5 k €	+88.4%	30 k €	+64.2%	18,3 k €	-77.6%	81,6 k €	-64.4%	229,5 k €
Operating result	10 k €	-83.4%	60,3 k €	+144%	-136 k €	-1778%	8,1 k €	+284%	-4,4 k €	+70.8%	-15,1 k €	-120%	77,1 k €	+57.9%	48,8 k €	+211%	15,7 k €	-29.1%	22,1 k €	+1604%	1,3 k €	+118%	-7,4 k €	-117%	43,2 k €	-76.3%	182,3 k €
Net result	9,8 k €	-88.8%	87,7 k €	+214%	-77 k €	-275%	44,1 k €	+269%	11,9 k €	-62.7%	32,1 k €	-61.4%	83 k €	+62.0%	51,3 k €	+160%	19,7 k €	-27.3%	27,1 k €	+32.4%	20,5 k €	+32.8%	15,4 k €	+141%	-37,7 k €	-126%	143,6 k €
Balance sheet
Equity	126,5 k €	-23.3%	164,9 k €	+114%	77,2 k €	-49.9%	154,2 k €	+2.7%	150,1 k €	+1.3%	148,1 k €	-24.4%	196,1 k €	+7.1%	183,1 k €	+6.6%	171,8 k €	+13.0%	152 k €	-5.5%	160,9 k €	+14.6%	140,4 k €	-49.9%	280,4 k €	-81.5%	1,5 M €
Total assets	948,9 k €	+8.6%	873,9 k €	-6.0%	929,6 k €	-16.1%	1,1 M €	-2.4%	1,1 M €	-7.6%	1,2 M €	+15.4%	1,1 M €	+3.6%	1 M €	+2.8%	1 M €	+20.5%	830,1 k €	+19.8%	693 k €	-30.1%	992 k €	-15.9%	1,2 M €	-44.7%	2,1 M €
Cash	26,5 k €	-8.7%	29 k €	-54.5%	63,8 k €	-32.3%	94,2 k €	-3.1%	97,2 k €	+20.8%	80,5 k €	-32.1%	118,4 k €	+42.8%	82,9 k €	+79.5%	46,2 k €	+402%	9,2 k €	-77.7%	41,2 k €	-45.6%	75,8 k €	-49.8%	151 k €	+21.0%	124,8 k €
Debts	822,5 k €	+16.0%	709 k €	-16.8%	852,4 k €	-10.1%	948,6 k €	-3.7%	985,4 k €	-8.2%	1,1 M €	+24.5%	861,6 k €	+2.5%	841 k €	+16.6%	721,3 k €	+6.7%	675,8 k €	+27.0%	532,1 k €	-37.3%	848,5 k €	-5.7%	899,6 k €	+47.4%	610,4 k €
Other
Workforce	5,7 ETP	-1.7%	5,8 ETP	0.0%	5,8 ETP	0.0%	5,8 ETP	-6.5%	6,2 ETP	-6.1%	6,6 ETP	+15.8%	5,7 ETP	0.0%	5,7 ETP	+5.6%	5,4 ETP	-3.6%	5,6 ETP	-3.4%	5,8 ETP	0.0%	5,8 ETP	+31.8%	4,4 ETP	-2.2%	4,5 ETP

Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 13 ended

Active mandates

VERIM

Director · 0462.191.538

Represented by Vermeire Vincent

Active

Ended mandates

V.E.M. CONSULT

Manager · since 31 mai 2010 · until 03 juillet 2014 · 0472.057.230

Represented by Veerle Verschooris

Ended

V.E.M. CONSULT

Manager · since 31 mai 2010 · until 03 juillet 2014 · 0472.057.230

Represented by Veerle Verschooris

Ended

V.E.M. CONSULT

Manager · since 31 mai 2010 · 0472.057.230

Represented by Veerle Verschooris

Ended

V.E.M. CONSULT

Manager · since 21 août 2007 · 0472.057.230

Represented by Eric Michiels

Ended

At this address

Other companies at this address

Company	CBE no.
m x d s● Active	0812.247.613

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/10/2022	23/04/2021	16/07/2020	28/06/2019	25/06/2018	03/07/2017
General meeting	06/10/2022	30/03/2021	05/06/2020	07/06/2019	01/06/2018	02/06/2017
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2021	06/10/2022	10/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/03/2021	23/04/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/03/2014	05/09/2014	23/09/2014	Dutch	PDF
Abridged model	31/03/2013	06/09/2013	12/09/2013	Dutch	PDF
Abridged model	31/03/2012	23/10/2012	29/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	29/11/2011	Dutch	PDF
Abridged model	31/03/2010	03/09/2010	27/10/2010	Dutch	PDF
Abridged model	31/03/2009	04/09/2009	30/11/2009	Dutch	PDF
Abridged model	31/03/2008	18/09/2008	26/11/2008	Dutch	PDF
Abridged model	31/03/2007	21/08/2007	25/10/2007	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2021 · 1 active · 13 ended

Active mandates

VERIM

Director · 0462.191.538

Represented by Vermeire Vincent

Active

Ended mandates

V.E.M. CONSULT

Manager · since 31 mai 2010 · until 03 juillet 2014 · 0472.057.230

Represented by Veerle Verschooris

Ended

V.E.M. CONSULT

Manager · since 31 mai 2010 · until 03 juillet 2014 · 0472.057.230

Represented by Veerle Verschooris

Ended

V.E.M. CONSULT

Manager · since 31 mai 2010 · 0472.057.230

Represented by Veerle Verschooris

Ended

V.E.M. CONSULT

Manager · since 21 août 2007 · 0472.057.230

Represented by Eric Michiels

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office01/09/2021
MAATSCHAPPELIJKE ZETEL
PDF
Other17/04/2015
BOEKJAAR
PDF
Other15/01/2015
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/03/2009
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/01/2009
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates29/09/2008
ONTSLAGEN - BENOEMINGEN
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

2021
Annual accounts 20219,8 k €↓
2019
Annual accounts 201987,7 k €↑
2018
Annual accounts 2018-77 k €↓
2017
Annual accounts 201744,1 k €↑
2016
Annual accounts 201611,9 k €↓
2015
Annual accounts 201532,1 k €↓
2015
Name changeOTEC
2014
Annual accounts 201483 k €↑
2013
Annual accounts 201351,3 k €↑
2012
Annual accounts 201219,7 k €↓
2011
Annual accounts 201127,1 k €↑
2010
Annual accounts 201020,5 k €↑
2009
Annual accounts 200915,4 k €↑
2008
Annual accounts 2008-37,7 k €↓
2007
Annual accounts 2007143,6 k €
2007
Name changeOSPA - BENELUX - O. Oechler - ZWEMBADTECHNIEK
01/04/1975
IncorporationPrivate company with limited liability

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

OTEC

Overview

What does OTEC do?

Trend over 14 financial years

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