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Optimadata B.V.

presented by October Netherlands

€37,000

4.15%

24 months

B+

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location

Location

Naarden, Netherlands

activity

Activity

Information & Communication

Presentation of the company

Created in 2016, Optimadata B. V. is active in the IT Consulting sector. The company, managed by Gerard Zuidweg and Edco and Martijn Wallet, has 21 employees and is based in Naarden.

The company specialises in data(base) solutions and cloud migrations with respect to these data solutions. The company’s main activities are:

  • Consulting 
  • Training 
  • Staffing & recruitment

The company works with highly skilled IT staff in the field of the latest database technologies like MongoDB, PosgreSQL and MariaDB.

Project Description

The company requests a loan of 37. 000 € over 24 months to finance the costs associated with moving to a new office building. This project will be realised this quarter.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

The amount offered on the platform is limited to 18130€, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of 609 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.

The forecast has been based on the 2018 internal results, which were confirmed by the tax declaration showing a 1. 5 mln turnover at a comparable profitability level.

The borrower has an excellent repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 7,69 and an excellent financial structure with a positive cash balance.

The analysis of the project leads to a credit rating of B+ and a 4,15% annual interest rate.

*The multiple of FCCR at 7,69 means that the company has a safety margin of 669% relative to its ability to repay its credit maturities.

The expert opinion is given as an indication on the basis of the elements provided by the project holder and information from our databases (External data provider). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.

Strong points:

  • Good historical performance based on diversified client base.
  • Excellent repayment ability with a forecasted FCCR of 7,69.
  • Experienced and diversified management team 

Points of caution:

  • Relative small size of the company