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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.5 to 0.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Otovo BE from Brussel, company number BE0793357654, closed financial year 2025 with a result of € -69,508 after tax. For that financial year Otovo BE recorded a gross margin of € -4,602 and equity of € -655,559. Compared with financial year 2024, the result moved from € -1.3 million to € -69,508. 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 September 29, 2026.
€ -655,559
▼ € 69,508 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -69,508
▲ 95 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,543
▲ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.4 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 491,346
▲ 35% vs 2024
Loans from banks and other lenders, long and short.
€ 205,051
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,796
▼ 71% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -2,336,558 | € -818,801 | € -4,602 | ▲ € 814,199 |
| Profit after taxes | € -2,987,917 | € -1,308,134 | € -69,508 | ▲ € 1.2 million |
| Equity | € -2,977,917 | € -586,051 | € -655,559 | ▼ € 69,508 |
| Total debts | € 4,828,737 | € 607,668 | € 746,816 | ▲ 23% |
| Cash | € 140,782 | € 4,480 | € 7,543 | ▲ 68% |
| Retained profit | € -2,987,917 | € -4,296,051 | € -4,365,559 | ▼ € 69,508 |
| Bank debt | € 2,823,449 | € 364,172 | € 491,346 | ▲ 35% |
| Balance sheet total | € 1,850,820 | € 21,617 | € 91,257 | ▲ € 69,640 |
| Employees (FTE) | 5.5 | 4.6 | 0 | ▼ 4.6 |
Key figures of Otovo BE, fiscal years 2023 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 Otovo BE?
What happened at Otovo BE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 69,508. filed late Source: NBB ↗
- William Berger became a director. NBB
- Andreas Thorsheim stepped down as director. NBB
- Petter Ulset stepped down as director. NBB
- Andreas Thorsheim became a director. NBB
- Petter Ulset became a director. NBB
- Lars Ekeland stepped down as director. NBB
- New establishment in Brussel. KBO
In short
From € 3 million loss in 2023 to € 69,508 loss in 2025.
Management
Behind Otovo BE is William Berger.
Directors
According to the 2025 annual accounts
William Berger
Director
since 2026
since 2025 · until 2026
since 2022 · until 2025
Petter Ulset
Director
since 2025 · until 2026
Establishments
Establishment units
Physical locations of this company
Koning Albert II-laan 4
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
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€ 19,145 revenue · 2025
Instituut van de Actuarissen in België
SBS SOFTWARE BELGIUM
€ 77.7 million revenue · 2022
+83 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
DNS
AWS Route 53
Website info
Features
Security
Details
- Company number
- 0793.357.654
- VAT number
- BE 0793.357.654
- Registered office
- Koning Albert II-laan 4, 1000 Brussel
- Names & denominations
- Otovo BE · Otovo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 2022
- Peppol
- Not registered
- Contact
- otovo.be
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal