Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
OLTEC from Lichtervelde, company number BE0466299685, closed financial year 2022 with a result of € -5,916 after tax. For that financial year OLTEC recorded a gross margin of € 2,598 and equity of € -31,281. Compared with financial year 2021, the result moved from € -9,306 to € -5,916. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2023.
€ -31,281
▼ € 5,916 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,916
▲ 36 % less loss than in 2021
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -49,873.
People and assets in 2022
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2022
€ 36,346
▲ 94% vs 2021
€ 5,227 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 18,373
▲ 90% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 2,983
▼ 1% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 4,319 | € 2,598 | ▼ 40% |
| Profit after taxes | € -9,306 | € -5,916 | ▲ € 3,391 |
| Equity | € -25,365 | € -31,281 | ▼ € 5,916 |
| Total debts | € 59,277 | € 58,932 | ▼ 1% |
| Cash | € 378 | € 0 | ▼ 100% |
| Land & buildings | € 3,840 | € 0 | ▼ 100% |
| Retained profit | € -43,957 | € -49,873 | ▼ € 5,916 |
| Bank debt | € 18,712 | € 36,346 | ▲ 94% |
| Balance sheet total | € 33,912 | € 27,651 | ▼ 18% |
Key figures of OLTEC, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to OLTEC?
What happened at OLTEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
OLTEC is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 5,916. Source: NBB ↗
- New establishment in Lichtervelde. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,306 loss in 2021 to € 5,916 loss in 2022.
Paid € 1,680 in corporate taxes since 2021.
Management
Behind OLTEC are Karl Vercautter and Geert Vercautter.
Directors
According to the 2022 annual accounts
Karl Vercautter
Director
Geert Vercautter
Director
Establishments
Establishment units
Physical locations of this company
Kruiseekstraat 6
8810 Lichtervelde
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.
Details
- Company number
- 0466.299.685
- VAT number
- BE 0466.299.685
- Registered office
- Kruiseekstraat 6, 8810 Lichtervelde
- Names & denominations
- OLTEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 22 June 1999
- Peppol
- Active · Active since 19 Dec 2025
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