Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
OTIV from Gent, company number BE0743386224, closed financial year 2025 with a result of € -3 million after tax. For that financial year OTIV recorded a gross margin of € -72,526 and equity of € 2.6 million. Compared with financial year 2024, the result moved from € -1.6 million to € -3 million. The company made a loss. 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 20, 2026.
€ 2.6 million
▲ 64% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3 million
▼ 82 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.8 million.
People and assets in 2025
28.8
▲ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 21% vs 2024
€ 88,400 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.
€ 43,676
▲ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▲ 91% vs 2024
€ 236,091 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.6 million
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 356,102
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -152,417 | € 693,957 | € 580,411 | € -72,526 | ▼ € 652,937 |
| Profit after taxes | € -509,451 | € -257,977 | € -1,647,844 | € -2,991,257 | ▼ € 1.3 million |
| Equity | € 1,240,415 | € 982,438 | € 1,602,808 | € 2,626,255 | ▲ 64% |
| Total debts | € 827,275 | € 1,976,974 | € 2,596,294 | € 4,144,608 | ▲ 60% |
| Cash | € 1,485,331 | € 920,314 | € 872,003 | € 1,128,806 | ▲ 29% |
| Retained profit | € -868,616 | € -1,126,593 | € -2,774,437 | € -5,765,694 | ▼ € 3 million |
| Bank debt | € 131,189 | € 116,500 | € 687,725 | € 1,313,402 | ▲ 91% |
| Balance sheet total | € 2,067,690 | € 2,959,412 | € 4,199,102 | € 6,770,863 | ▲ 61% |
| Employees (FTE) | - | - | 26.1 | 28.8 | ▲ 2.7 |
Key figures of OTIV, 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 OTIV?
What happened at OTIV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3 million. Source: NBB ↗
- Leap Time BV stepped down as director. NBB
- Miles Ahead Studio BV became a director. NBB
- ROCT BV became a director. NBB
- Leap Time BV became a director. NBB
- Niels Dora C. Van Damme became a director. NBB
- Willem Poerink became a director. NBB
- Sam Frans G. De Smet became a director. NBB
In short
From € 509,451 loss in 2022 to € 3 million loss in 2025.
Paid € 500 in corporate taxes since 2022.
On average € 22,200 of value added per employee in 2024.
Management
The stake of FININDUS, Pitchdrive Fund I, XPD Family Fund comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
OTIVBehind OTIV are Niels Dora C. Van Damme, Willem Poerink, Sam Frans G. De Smet, Miles Ahead Studio BV and ROCT BV. The shares are held by FININDUS (20.3%), Pitchdrive Fund I (3.8%) and XPD Family Fund (1.3%). It owns 100% of Kolibri 119 UG itself.
Directors
According to the 2025 annual accounts
Niels Dora C. Van Damme
Director
since 2022
Willem Poerink
Director
since 2022
Sam Frans G. De Smet
Director
since 2022
Director · represented by Luc Burgelman
Also active at: IntelliProve, Tiro.Health, MyGamePlan, Trosort
since 2025
Director · represented by Pauwels Geert
since 2023 · until 2026
Shareholders
Participations
Kolibri 119 UG
100%
Establishments
Establishment units
Physical locations of this company
Nieuwewandeling 62
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 87 companies are registered at this address.
All companies at this address →Good Life Canal
€ 647,891 gross margin · 2025
SPORTTRADE INTERNATIONAL
ROEMMO INVEST
€ 522,908 gross margin · 2025
Revive World
€ 2.9 million revenue · 2025
MOOVLY
€ 334,363 gross margin · 2023
+82 more
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
Google Workspace
Hosting
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
otiv.ai
Registered
2019-07-31
Registrar
Key-Systems GmbH
Expires
2027-07-31
Website info
Features
Security
Network
Details
- Company number
- 0743.386.224
- VAT number
- BE 0743.386.224
- Registered office
- Nieuwewandeling 62, 9000 Gent
- Names & denominations
- OTIV
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 2020
- Peppol
- Active · Active since 10 Dec 2025
- Contact
- otiv.ai [email protected]
- Activities · NACE
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