Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 7 to 5.5.
Financials
Financial year 2024
GRANITE WORKS OTTEN from Sint-Truiden, company number BE0439586875, closed financial year 2024 with a result of € 130,662 after tax. For that financial year GRANITE WORKS OTTEN recorded a gross margin of € 810,692 and equity of € 2.3 million. Compared with financial year 2023, the result moved from € 103,558 to € 130,662. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2025.
€ 2.3 million
▲ 6% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 130,662
▲ 26% vs 2023
Profit after tax over the fiscal year.
€ 1.1 million
▲ 23% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 2.1 million.
People and assets in 2024
5.5
▼ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 403,002
▲ 8% vs 2023
€ 73,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 222,087
▼ 31% vs 2023
Of which on lease € 194,787.
Debts at end 2024
€ 252,224
▼ 32% vs 2023
€ 148,295 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 138,321
▲ 7% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 91,683
▲ 60% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 549,000 | € 601,030 | € 683,540 | € 810,692 | ▲ 19% |
| Profit after taxes | € 93,539 | € 8,318 | € 103,558 | € 130,662 | ▲ 26% |
| Equity | € 2,140,473 | € 2,048,791 | € 2,152,349 | € 2,283,011 | ▲ 6% |
| Total debts | € 543,322 | € 793,446 | € 657,945 | € 506,085 | ▼ 23% |
| Cash | € 277,894 | € 307,982 | € 890,995 | € 1,093,236 | ▲ 23% |
| Land & buildings | € 138,825 | € 184,355 | € 153,428 | € 120,529 | ▼ 21% |
| Retained profit | € 1,942,158 | € 1,850,477 | € 1,954,034 | € 2,084,696 | ▲ 7% |
| Dividend | € 0 | € 100,000 | € 0 | € 0 | |
| Bank debt | € 210,687 | € 474,697 | € 369,455 | € 252,224 | ▼ 32% |
| Balance sheet total | € 2,743,796 | € 2,902,238 | € 2,870,294 | € 2,849,096 | ▼ 1% |
| Employees (FTE) | 5.4 | 7 | 5.7 | 5.5 | ▼ 0.2 |
Key figures of GRANITE WORKS OTTEN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GRANITE WORKS OTTEN?
What happened at GRANITE WORKS OTTEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 130,662 (▲ 26% vs 2023). Source: NBB ↗
- New establishment in Sint-Truiden. KBO
- Start of the company according to the CBE. KBO
In short
From € 93,539 profit in 2021 to € 130,662 profit in 2024.
Paid € 112,378 in corporate taxes since 2021.
Best year ever: 2024, with € 130,662 profit.
On average € 147,400 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of GRANITE WORKS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRANITE WORKS OTTENBehind GRANITE WORKS OTTEN is Ivan Otten. The shares are held by GRANITE WORKS (68%).
Directors
According to the 2024 annual accounts
Shareholders
68%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stippelstraat 41
3800 Sint-Truiden
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
LEASEWEB-NL-AMS-01 Netherlands, NL
Website info
Features
Security
Details
- Company number
- 0439.586.875
- VAT number
- BE 0439.586.875
- Registered office
- Stippelstraat 41, 3800 Sint-Truiden
- Names & denominations
- GRANITE WORKS OTTEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1989
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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