AdminPulse
ActiveSummary
AdminPulse has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €1.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93=
Solvency68▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310,000 at 30 days acceptable
Liquidity ample (current ratio 12.9 against 10.04 in 2024; short-term debt: 7.7% and cash: 90.4% of total assets), but 57% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43%
Return on assets
19.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €3.5m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
35 d early
2023
34 d early
2022
28 d early
2021
2 d early
2020
24 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 employer in the province of Antwerp, Computing infrastructure and information services sector
Equity
€3.5m▲ 80.5%
2024 · €1.9m
Total assets
€8.1m▲ 29.5%
2024 · €6.3m
Net result
€1.6m▲ 27.3%
2024 · €1.2m
Working capital
€7.5m▲ 32.8%
2024 · €5.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1.8m-€135,430▲ 92.5%€680,027€1.3m▲ 87.1%€2.1m▲ 62.0%
Net result-€1.9m-€143,900▲ 92.4%€671,325€1.2m▲ 82.5%€1.6m▲ 27.3%
Equity-€1.1m€40,489€711,814▲ 1,658%€1.9m▲ 172%€3.5m▲ 80.5%
Total assets€967,879▼ 24.2%€3.3m▲ 240%€4.7m▲ 43.2%€6.3m▲ 33.3%€8.1m▲ 29.5%
Debt€2.1m▲ 140%€3.2m▲ 55.9%€4.0m▲ 23.1%€4.3m▲ 8.6%€4.6m▲ 6.7%
Working capital€415,698▲ 27.4%€2.6m▲ 536%€4.0m▲ 51.0%€5.6m▲ 41.0%€7.5m▲ 32.8%
Staff (FTE)21.6▲ 5.9%21.5▼ 0.5%23.9▲ 11.2%24.6▲ 2.9%28.1▲ 14.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.1m
Fixed assets
€25,989 ▼ 7.0%
Current assets
€8.1m ▲ 29.6%
Equity and liabilities €8.1m
Equity
€3.5m ▲ 80.5%
Debt
€4.6m ▲ 6.7%
Debt's share of the balance-sheet total falls from 69.1% to 57.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.1m▲
2024 · €1.3m
Cash flow
€1.6m▲
2024 · €1.2m
Current ratio
12.90▲
2024 · 10.04
Debt to equity
1.32▼
2024 · 2.24
ROE
44.6%▼
2024 · 63.3%
ROA
19.2%▼
2024 · 19.5%
Interest coverage
88.83▲
2024 · 69.93
Debt ≤ 1 year
€628,113▲
2024 · €622,402
Income taxes
€556,324▲
2024 · €91,316
Staff costs
€2.6m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €36 | €4,644 | €600 | ▼ 87.1% |
| Remuneration, social security and pensions62 | €2.1m | €1.4m | €1.9m | €2.1m | €2.6m | ▲ 24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €228,175 | €119,509 | €49,672 | €8,323 | €10,178 | ▲ 22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | €14,686 | €8,900 | €10,286 | ▲ 15.6% |
| Other operating charges640/8 | €7,116 | €2,082 | €3,470 | €3,579 | €8,398 | ▲ 135% |
| Non-recurring operating charges66A | €5,486 | €0 | €39 | €225 | €0 | ▼ 100% |
| Gross operating margin9900 | €528,099 | €1.4m | €2.6m | €3.4m | €4.6m | ▲ 38.5% |
| Operating profit (loss)9901 | -€1.8m | -€135,430 | €680,027 | €1.3m | €2.1m | ▲ 62.0% |
| Financial income75/76B | €161 | €279 | €170 | €62,454 | €77,442 | ▲ 24.0% |
| Recurring financial income75 | €161 | €279 | €170 | €62,454 | €77,442 | ▲ 24.0% |
| Financial charges65/66B | €98,118 | €7,297 | €6,823 | €18,312 | €23,321 | ▲ 27.4% |
| Recurring financial charges65 | €37,851 | €7,297 | €6,823 | €18,312 | €23,321 | ▲ 27.4% |
| Non-recurring financial charges66B | €60,267 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1.9m | -€142,448 | €673,373 | €1.3m | €2.1m | ▲ 60.7% |
| Income taxes67/77 | €1,518 | €1,452 | €2,048 | €91,316 | €556,324 | ▲ 509% |
| Profit (loss) for the period9904 | -€1.9m | -€143,900 | €671,325 | €1.2m | €1.6m | ▲ 27.3% |
| Profit (loss) for the period to be appropriated9905 | -€1.9m | -€143,900 | €671,325 | €1.2m | €1.6m | ▲ 27.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €967,879 | €3.3m | €4.7m | €6.3m | €8.1m | ▲ 29.5% |
| Fixed assets21/28 | €175,208 | €58,969 | €19,834 | €27,942 | €25,989 | ▼ 7.0% |
| Intangible fixed assets21 | €126,000 | €30,000 | €0 | - | - | - |
| Tangible fixed assets22/27 | €49,208 | €28,969 | €19,834 | €27,942 | €25,989 | ▼ 7.0% |
| Plant, machinery and equipment23 | €6,941 | €4,905 | €3,464 | €0 | - | - |
| Furniture and vehicles24 | €42,266 | €24,064 | €16,371 | €27,942 | €25,989 | ▼ 7.0% |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €792,671 | €3.2m | €4.7m | €6.2m | €8.1m | ▲ 29.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €314,931 | €485,057 | €637,399 | €979,696 | €655,618 | ▼ 33.1% |
| Trade receivables40 | €306,371 | €485,057 | €637,399 | €979,696 | €655,618 | ▼ 33.1% |
| Other amounts receivable41 | €8,560 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €451,665 | €2.7m | €4.0m | €5.2m | €7.3m | ▲ 40.6% |
| Deferred charges and accrued income490/1 | €26,075 | €19,979 | €38,199 | €47,125 | €102,678 | ▲ 118% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €967,879 | €3.3m | €4.7m | €6.3m | €8.1m | ▲ 29.5% |
| Equity10/15 | -€1.1m | €40,489 | €711,814 | €1.9m | €3.5m | ▲ 80.5% |
| Contributions10/11 | €379,872 | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €66,200 | €66,200 | €66,200 | €66,200 | €66,200 | = |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €51,200 | €51,200 | €51,200 | €51,200 | €51,200 | = |
| Distributable reserves133 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€1.6m | -€1.7m | -€1.0m | €190,863 | €1.8m | ▲ 817% |
| Amounts payable17/49 | €2.1m | €3.2m | €4.0m | €4.3m | €4.6m | ▲ 6.7% |
| Amounts payable after more than one year17 | €0 | €212,500 | €20,833 | €0 | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Other amounts payable178/9 | - | €212,500 | €20,833 | €0 | - | - |
| Amounts payable within one year42/48 | €376,973 | €586,597 | €699,026 | €622,402 | €628,113 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Financial debts43 | €25,029 | €0 | - | - | - | - |
| Credit institutions430/8 | €25,029 | €0 | - | - | - | - |
| Trade debts44 | €154,716 | €213,397 | €195,678 | €260,495 | €187,612 | ▼ 28.0% |
| Suppliers440/4 | €154,716 | €213,397 | €195,678 | €260,495 | €187,612 | ▼ 28.0% |
| Taxes, remuneration and social security45 | €197,229 | €223,200 | €311,682 | €341,072 | €440,501 | ▲ 29.2% |
| Taxes450/3 | €43,182 | €52,165 | €86,194 | €140,245 | €184,582 | ▲ 31.6% |
| Remuneration and social security454/9 | €154,046 | €171,035 | €225,488 | €200,827 | €255,919 | ▲ 27.4% |
| Other amounts payable47/48 | €0 | €150,000 | €191,667 | €20,835 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1.7m | €2.4m | €3.3m | €3.7m | €4.0m | ▲ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.9m | -€143,900 | €671,325 | €1.2m | €1.6m | ▲ 27.3% |
| + Depreciation and write-downs630 | €228,175 | €119,509 | €49,672 | €8,323 | €10,178 | ▲ 22.3% |
| Operating cash flow (approximation) | -€1.7m | -€24,391 | €720,997 | €1.2m | €1.6m | ▲ 27.2% |
| Investment in fixed assets (approximation) | - | -€3,270 | -€10,537 | -€16,430 | -€8,226 | ▲ 49.9% |
| Change in cash | - | €2.3m | €1.3m | €1.2m | €2.1m | ▲ 75.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €1.6m ▲27.3%
Operating result €2.1m, net result €1.6m, both a record.
31-12
Financial
Equity above €2mEq €3.5m ▲80.5%
3 profitable years in a row build equity to €3.5m.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.9m ▲172%
2 profitable years in a row build equity to €1.9m.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €671,325
Net result €671,325 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €711,814 ▲1,658%
Equity rises from €40,489 to €711,814.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.51
Current ratio from 2.10 to 5.51.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€1.9m
Net result drops to -€1.9m, the lowest in the series; recovery starts the following year.
Show earlier events
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2001
Ground area
1,888 m²
Building footprint
457 m²
Volume, LiDAR
23,820 m³
Parcel 11802B1460/00E000, Flanders · tallest building 79.3 m, ±23 floors. Linked by address, not a title deed.
62
companies at this address
See who is registered here
1 establishment unit
Molenbergstraat 10, 2000 Antwerpen
since 20012.093.342.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B1460/00E000 | Flanders | 1,888 m² | 1 · 457 m² | 79.3 m · 23 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,407 EUR awarded · 9,407 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,439 EUR | 4,439 EUR |
| 2024 | 1 | 548 EUR | 548 EUR |
| 2023 | 1 | 457 EUR | 457 EUR |
| 2022 | 1 | 3,963 EUR | 3,963 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
9845006BBG013E2B5129
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 338 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
47400Retail sale of information and communication equipment
62900Other information technology and computer services
82300Organisation of conventions and trade shows
85599Other education
Contact
Phone
03 830 74 30
Scores and ratios are computed by Checked and are not a credit decision.