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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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
o2o from Gent, company number BE0647826178, closed financial year 2025 with a result of € 8.2 million after tax. For that financial year o2o recorded revenue of € 169.3 million and equity of € 17.2 million. Compared with financial year 2024, the result moved from € 6.7 million to € 8.2 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ 17.2 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8.2 million
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 6.5 million
▲ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 5 million paid out
61 % of the profit went to the shareholders, mostly to o2o Holding BV (100 % of the shares). That is where the money ends up.
People and assets in 2025
69.5
▲ 19.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.7 million
▲ 40% vs 2024
€ 82,500 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.
€ 101.7 million
▲ 51% vs 2024
Of which on lease € 101.3 million.
Debts at end 2025
€ 102.6 million
▲ 51% vs 2024
€ 46.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4.7 million
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 16 days on average.
€ 4 million
▲ 202% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 38,261,183 | € 81,970,605 | € 117,134,472 | € 169,336,032 | ▲ 45% |
| Profit after taxes | € 1,924,229 | € 4,318,241 | € 6,700,851 | € 8,162,490 | ▲ 22% |
| Equity | € 3,521,703 | € 7,839,944 | € 14,082,544 | € 17,245,034 | ▲ 22% |
| Total debts | € 31,853,091 | € 62,555,388 | € 82,692,887 | € 127,016,179 | ▲ 54% |
| Cash | € 2,788,336 | € 5,056,564 | € 5,080,841 | € 6,483,315 | ▲ 28% |
| Retained profit | € 2,441,388 | € 6,759,629 | € 11,381,908 | € 14,544,398 | ▲ 28% |
| Dividend | € 0 | € 0 | € 2,078,571 | € 5,000,000 | ▲ 141% |
| Bank debt | € 25,696,765 | € 51,878,663 | € 68,027,573 | € 102,633,704 | ▲ 51% |
| Balance sheet total | € 36,332,624 | € 72,379,535 | € 100,019,011 | € 148,963,803 | ▲ 49% |
| Employees (FTE) | 15.4 | 29 | 49.7 | 69.5 | ▲ 19.8 |
Key figures of o2o, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to o2o?
What happened at o2o in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8.2 million (▲ 22% vs 2024). Source: NBB ↗
- New establishment in Elsene. KBO
- Veciy BV became a director. NBB
- Girta BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.9 million profit in 2022 to € 8.2 million profit in 2025.
Paid € 2 million in corporate taxes since 2022.
Best year ever: 2025, with € 8.2 million profit.
Paid out € 7.1 million in dividends to the owners in total.
Management
Behind o2o are Veciy BV and Girta BV. The shares are held by o2o Holding BV (100%). It owns 100% of Ubike and 100% of CTEC Mobility Solutions SRL itself.
Directors
According to the 2025 annual accounts
Director · represented by Van Even Caroline
Also active at: CTEC MOBILITY SOLUTIONS, O2O Holding, UBike
since 2024
Director · represented by De Rycke Geert
Also active at: CTEC MOBILITY SOLUTIONS, O2O Holding, UBike
since 2023
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Burggravenlaan 31
9000 Gent
Vautierstraat 48
1050 Elsene
Active since 1 March 2025
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
Certifications & Partners
Hosting & Email
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Website info
Features
Security
Details
- Company number
- 0647.826.178
- VAT number
- BE 0647.826.178
- Registered office
- Burggravenlaan 31, 9000 Gent
- Names & denominations
- o2o · O2O
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 February 2016
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- o2o.be 09 296 40 12
- Activities · NACE
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