Financials · financial year 2025, full format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 2 filings
Turnover
€6.9m▲ 316%
2024 · €1.7m
EBIT margin
-3.0%▲ 36.1pp
2024 · -39.1%
Net result
€391,412▼ 54.6%
2024 · €862,184
Working capital
-€654,535▲ 49.7%
2024 · -€1.3m
Multi-year overview
2024 to 2025, 2 financial yearsTurnover
€6.9m
▲ 316%
2025
20242025
Operating result
-€205,919
▲ 68.2%
2025
20242025
Net result
€391,412
▼ 54.6%
2025
highest quarter of the sector
20242025
EBIT margin
-3.0%
▲ 36.1pp
2025
20242025
Equity
€2.9m
▲ 15.3%
2025
highest quarter of the sector
20242025
Total assets
€6.7m
▲ 36.2%
2025
highest quarter of the sector
20242025
Debt
€3.7m
▲ 58.9%
2025
20242025
Working capital
-€654,535
▲ 49.7%
2025
lowest quarter of the sector
20242025
Solvency
44.1%
▼ 8.0pp
2025
middle half of the sector
20242025
Current ratio
0.81
▲ 0.37
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
5.9%
▼ 11.7pp
2025
middle half of the sector
20242025
Staff (FTE)
5.5
=
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Turnover€1.7m-€6.9m▲ 316%
Operating result-€0.6m--€0.2m▲ 68.2%
Net result€0.9mabove the sector's middle half-€0.4mabove the sector's middle half▼ 54.6%
EBIT margin-39.1%--3.0%▲ 36.1pp
Equity€2.6mabove the sector's middle half-€2.9mabove the sector's middle half▲ 15.3%
Total assets€4.9mabove the sector's middle half-€6.7mabove the sector's middle half▲ 36.2%
Debt€2.3m-€3.7m▲ 58.9%
Working capital-€1.3mbelow the sector's middle half--€0.7mbelow the sector's middle half▲ 49.7%
Solvency52.1%within the sector's middle half-44.1%within the sector's middle half▼ 8.0pp
Current ratio0.44below the sector's middle half-0.81below the sector's middle half▲ 0.37
Return on assets (ROA)17.6%above the sector's middle half-5.9%within the sector's middle half▼ 11.7pp
Staff (FTE)5.5within the sector's middle half-5.5within the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €205,919, smaller than the loss of €647,012 in 2024.
Large changes and their cause
- 2025 Turnover +316%, Net result -55% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.7m
Fixed assets
€3.9m ▲ 0.5%
Current assets
€2.8m ▲ 168%
Equity and liabilities €6.7m
Equity
€2.9m ▲ 15.3%
Provisions
€490 ▼ 53.9%
Debt
€3.7m ▲ 58.9%
Debt's share of the balance-sheet total rises from 47.9% to 55.9%. Equity and debt are higher.
Key figures and ratios
ROE
13.3%▼
2024 · 33.8%
Debt ≤ 1 year
€3.4m▲
2024 · €2.3m
Income taxes
€1,414▼
2024 · €1,574
Staff costs
€824,949▲
2024 · €686,018
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 6 | 6 |
| full-time | 3 | 3 |
| part-time | 3 | 3 |
| in full-time equivalents | 5.5 | 5.5 |
| Average over the year, in full-time equivalents | 5.5 | 5.5 |
| On a permanent contract | 6 | 6 |
| Joined | 8 | 1 |
| Left | 2 | 1 |
| Training hours | 1,299 | 1,127 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €2,800 | €41,507 |
| Financial fixed assets | €4.1m | - |
| Depreciation and write-downs of the year | €2,746 | €4,694 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Public contracts
2 awards · 2026
Inhuur Midpoint Engineer
QMMO25-3863 - Raamovereenkomst voor levering, installatie, onderhoud en consultancy van Tenable vulnerability scanning software voor de leden van de vzw Associatie KU Leuven en Flanders Make vzw: Raamovereenkomst voor levering, installatie, onderhoud en consultancy van Tenable vulnerability scanning software voor de leden van de vzw Associatie KU Leuven en Flanders Make vzw
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €1.7m | €6.9m | ▲ 316% |
| Non-recurring operating income76A | - | €120 | - |
| Goods, raw materials, services and sundry goods60/61 | €2.1m | €7.4m | ▲ 255% |
| Remuneration, social security and pensions62 | €0.7m | €0.8m | ▲ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0.005m | ▲ 70.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0.001m | -€0.001m | - |
| Other operating charges640/8 | €0.003m | €0.003m | = |
| Non-recurring operating charges66A | - | €0.009m | - |
| Gross operating margin9900 | €0.05m | €0.6m | ▲ 14× |
| Operating profit (loss)9901 | -€0.6m | -€0.2m | ▲ 68.2% |
| Financial income75/76B | €1.6m | €0.7m | ▼ 57.6% |
| Recurring financial income75 | €1.6m | €0.7m | ▼ 57.6% |
| Financial charges65/66B | €0.08m | €0.07m | ▼ 1.8% |
| Recurring financial charges65 | €0.08m | €0.07m | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €0.9m | €0.4m | ▼ 54.5% |
| Income taxes67/77 | €0.002m | €0.001m | ▼ 10.2% |
| Profit (loss) for the period9904 | €0.9m | €0.4m | ▼ 54.6% |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €0.4m | ▼ 54.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4.9m | €6.7m | ▲ 36.2% |
| Fixed assets21/28 | €3.9m | €3.9m | ▲ 0.5% |
| Tangible fixed assets22/27 | €0.003m | €0.04m | ▲ 13× |
| Plant, machinery and equipment23 | €0.003m | €0.04m | ▲ 13× |
| Financial fixed assets28 | €3.9m | €3.8m | ▼ 0.3% |
| Current assets29/58 | €1.0m | €2.8m | ▲ 168% |
| Amounts receivable within one year40/41 | €1.0m | €2.7m | ▲ 180% |
| Trade receivables40 | €1.0m | €2.7m | ▲ 177% |
| Other amounts receivable41 | €0.001m | €0.03m | ▲ 22× |
| Cash at bank and in hand54/58 | €0.03m | €0.008m | ▼ 77.5% |
| Deferred charges and accrued income490/1 | €0.04m | €0.08m | ▲ 94.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4.9m | €6.7m | ▲ 36.2% |
| Equity10/15 | €2.6m | €2.9m | ▲ 15.3% |
| Contributions10/11 | €1.7m | €1.7m | = |
| Capital10 | €1.7m | €1.7m | = |
| Issued capital100 | €1.7m | €1.7m | = |
| Reserves13 | €0.9m | €1.3m | ▲ 45.4% |
| Non-distributable reserves130/1 | €0.2m | €0.2m | = |
| Legal reserve130 | €0.2m | €0.2m | = |
| Distributable reserves133 | €0.7m | €1.1m | ▲ 56.5% |
| Profit (loss) carried forward14 | €84 | €96 | ▲ 14.0% |
| Provisions and deferred taxes16 | €0.001m | €490 | ▼ 53.9% |
| Provisions for liabilities and charges160/5 | €0.001m | €490 | ▼ 53.9% |
| Pensions and similar obligations160 | €0.001m | €490 | ▼ 53.9% |
| Amounts payable17/49 | €2.3m | €3.7m | ▲ 58.9% |
| Amounts payable within one year42/48 | €2.3m | €3.4m | ▲ 47.1% |
| Current portion of amounts payable after more than one year42 | €0.09m | - | - |
| Trade debts44 | €1.2m | €3.1m | ▲ 150% |
| Suppliers440/4 | €1.2m | €3.1m | ▲ 150% |
| Advances received on contracts in progress46 | - | €0.2m | - |
| Taxes, remuneration and social security45 | €0.09m | €0.2m | ▲ 166% |
| Taxes450/3 | €0.03m | €0.1m | ▲ 245% |
| Remuneration and social security454/9 | €0.06m | €0.1m | ▲ 124% |
| Other amounts payable47/48 | €0.9m | - | - |
| Accrued charges and deferred income492/3 | - | €0.3m | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €862,184 | €391,412 | ▼ 54.6% |
| + Depreciation and write-downs630 | €2,746 | €4,694 | ▲ 70.9% |
| Operating cash flow (approximation) | €864,930 | €396,106 | ▼ 54.2% |
| Investment in fixed assets (approximation) | - | -€25,357 | - |
| Change in cash | - | -€26,151 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.