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 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Otto sales from Brussel, company number BE0886770634, closed financial year 2023 with a result of € -85,442 after tax. For that financial year Otto sales recorded revenue of € 1.4 million and equity of € -370,818. Compared with financial year 2022, the result moved from € -29,147 to € -85,442. 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 June 27, 2024.
€ -370,818
▼ € 85,442 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -85,442
▼ 193 % more loss than in 2022
Profit after tax over the fiscal year.
€ 80,039
▼ 18% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -389,418.
People and assets in 2023
8.2
▼ 2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 423,672
▲ 1% vs 2022
€ 51,700 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.
€ 349
▼ 72% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 11,200
Loans from banks and other lenders, long and short.
€ 421,016
▲ 14% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 86,585
▼ 8% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 1,196,184 | € 1,368,003 | € 1,414,991 | ▲ 3% |
| Gross margin | € 384,034 | € 431,043 | € 372,279 | ▼ 14% |
| Profit after taxes | € -27,912 | € -29,147 | € -85,442 | ▼ € 56,295 |
| Equity | € -256,229 | € -285,376 | € -370,818 | ▼ € 85,442 |
| Total debts | € 659,740 | € 482,658 | € 526,310 | ▲ 9% |
| Cash | € 119,362 | € 97,931 | € 80,039 | ▼ 18% |
| Land & buildings | € 15,736 | € 8,407 | € 3,159 | ▼ 62% |
| Retained profit | € -274,829 | € -303,976 | € -389,418 | ▼ € 85,442 |
| Bank debt | € 11,200 | € 11,200 | € 11,200 | |
| Balance sheet total | € 403,511 | € 197,282 | € 155,492 | ▼ 21% |
| Employees (FTE) | 9.7 | 10.2 | 8.2 | ▼ 2 |
Key figures of Otto sales, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Otto sales?
What happened at Otto sales in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Otto sales is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 85,442. Source: NBB ↗
- New establishment in Nieuwpoort. KBO
- New establishment in Gent. KBO
- New establishment in Antwerpen. KBO
- New establishment in Antwerpen. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,912 loss in 2021 to € 85,442 loss in 2023.
Paid € 6 in corporate taxes since 2021.
On average € 45,400 of value added per employee in 2023.
A new publication or filing at Otto sales? We notify you, reason included.
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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
Léon Lepagestraat 63
1000 Brussel
Orgelstraat 4
2000 Antwerpen
Active since 1 March 2011
Nationalestraat 72
2000 Antwerpen
Active since 1 January 2012
Mageleinstraat 60
9000 Gent
Active since 28 September 2017
Albert I laan 236
8620 Nieuwpoort
Active since 4 June 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0886.770.634
- VAT number
- BE 0886.770.634
- Registered office
- Léon Lepagestraat 63, 1000 Brussel
- Names & denominations
- Otto sales
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 26 January 2007
- Peppol
- Not registered
- Activities · NACE
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in kleding, kledingtoebehoren en bontartikelen
Detailhandel in huishoudtextiel en beddengoed
Detailhandel in textiel