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 888,132 to 8.9.
-
Late annual account NBB
Fiscal year 2024 was filed 194 days after the legal deadline.
Financials
Financial year 2024
Other World Computing Europe from Leuven, company number BE0672505651, closed financial year 2024 with a result of € 216,196 after tax. For that financial year Other World Computing Europe recorded revenue of € 9.6 million and equity of € 2.3 million. Compared with financial year 2023, the result moved from € 254,212 to € 216,196. The company is profitable. 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 February 10, 2026.
€ 2.3 million
▲ 10% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 216,196
▼ 15% vs 2023
Profit after tax over the fiscal year.
€ 947,391
▲ 96% 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 € 2.3 million.
People and assets in 2024
8.9
▼ 3.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 15% vs 2023
€ 117,900 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.
€ 6,285
▼ 54% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 117,679
▼ 52% vs 2023
Loans from banks and other lenders, long and short.
€ 1.5 million
▲ 71% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 72 days on average.
€ 42,200
▼ 88% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 12,594,731 | € 11,414,285 | € 9,309,247 | € 9,568,595 | ▲ 3% |
| Gross margin | € 1,775,759 | € 3,367,157 | - | - | |
| Profit after taxes | € 836,074 | € 1,807,331 | € 254,212 | € 216,196 | ▼ 15% |
| Equity | € 6,470 | € 1,813,800 | € 2,068,013 | € 2,284,209 | ▲ 10% |
| Total debts | € 3,522,355 | € 2,910,719 | € 1,567,783 | € 1,747,318 | ▲ 11% |
| Cash | € 994,447 | € 897,125 | € 483,858 | € 947,391 | ▲ 96% |
| Land & buildings | € 19,971 | € 16,591 | € 13,211 | € 9,830 | ▼ 26% |
| Retained profit | € -12,080 | € 1,795,250 | € 2,049,463 | € 2,265,659 | ▲ 11% |
| Bank debt | € 0 | € 242,404 | € 243,061 | € 117,679 | ▼ 52% |
| Balance sheet total | € 6,683,218 | € 7,878,912 | € 6,790,189 | € 7,185,921 | ▲ 6% |
| Employees (FTE) | 12 | 888,132 | 12 | 8.9 | ▼ 3.1 |
Key figures of Other World Computing Europe, 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 Other World Computing Europe?
What happened at Other World Computing Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 216,196 (▼ 15% vs 2023). filed late Source: NBB ↗
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 836,074 profit in 2021 to € 216,196 profit in 2024.
Paid € 1.2 million in corporate taxes since 2021.
Best year ever: 2022, with € 1.8 million profit.
On average € 0 of value added per employee in 2022.
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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
Establishments
Establishment units
Physical locations of this company
Vaartdijk 59
3018 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
PROXIMUS-ISP-AS, BE
DNS
GoDaddy DNS
Domain
Domain
owc.com
Registered
1995-08-18
Registrar
Wild West Domains, LLC
Expires
2026-08-17
Website info
Features
Security
Network
Details
- Company number
- 0672.505.651
- VAT number
- BE 0672.505.651
- Registered office
- Vaartdijk 59, 3018 Leuven
- Names & denominations
- Other World Computing Europe · OWC EU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 2017
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- owc.com
- Activities · NACE
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