ADVANTIUM
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-01-2026 PDF all 10 filings
Turnover
≈ €240,000
Estimated: probably between €220,000 and €310,000
Total assets
€891,734▲ 31.6%
2024 · €677,449
Net result
€107,886▲ 6.6%
2024 · €101,180
Working capital
€677,687▲ 12.0%
2024 · €605,017
In the rankings
#1 company by total assets in Opwijk, Telecoms and IT sector#1 company by equity in Opwijk, Telecoms and IT sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€157,707
▲ 6.7%
2025
20192025
Net result
€107,886
▲ 6.6%
2025
highest quarter of the sector
20192025
Equity
€714,995
▲ 17.8%
2025
highest quarter of the sector
20192025
Total assets
€891,734
▲ 31.6%
2025
highest quarter of the sector
20192025
Debt
€176,739
▲ 151%
2025
20192025
Working capital
€677,687
▲ 12.0%
2025
highest quarter of the sector
20192025
Solvency
80.2%
▼ 9.4pp
2025
highest quarter of the sector
20192025
Current ratio
7.03
▼ 2.57
2025
highest quarter of the sector
20192025
Return on assets (ROA)
12.1%
▼ 2.8pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€73,527-€59,674▼ 18.8%€143,817▲ 141%€128,419▼ 10.7%€99,725▼ 22.3%€147,761▲ 48.2%€157,707▲ 6.7%
Net result€50,799-€40,962within the sector's middle half▼ 19.4%€99,738above the sector's middle half▲ 143%€86,646above the sector's middle half▼ 13.1%€69,246above the sector's middle half▼ 20.1%€101,180above the sector's middle half▲ 46.1%€107,886above the sector's middle half▲ 6.6%
Equity€209,338-€250,300above the sector's middle half▲ 19.6%€350,038above the sector's middle half▲ 39.8%€436,683above the sector's middle half▲ 24.8%€505,929above the sector's middle half▲ 15.9%€607,109above the sector's middle half▲ 20.0%€714,995above the sector's middle half▲ 17.8%
Total assets€277,728-€307,345above the sector's middle half▲ 10.7%€421,591above the sector's middle half▲ 37.2%€498,397above the sector's middle half▲ 18.2%€568,452above the sector's middle half▲ 14.1%€677,449above the sector's middle half▲ 19.2%€891,734above the sector's middle half▲ 31.6%
Debt€68,390-€57,045▼ 16.6%€71,553▲ 25.4%€61,714▼ 13.8%€62,523▲ 1.3%€70,340▲ 12.5%€176,739▲ 151%
Working capital€187,548-€245,019above the sector's middle half▲ 30.6%€347,978above the sector's middle half▲ 42.0%€435,573above the sector's middle half▲ 25.2%€504,694above the sector's middle half▲ 15.9%€605,017above the sector's middle half▲ 19.9%€677,687above the sector's middle half▲ 12.0%
Solvency75.4%-81.4%above the sector's middle half▲ 6.1pp83.0%above the sector's middle half▲ 1.6pp87.6%above the sector's middle half▲ 4.6pp89.0%above the sector's middle half▲ 1.4pp89.6%above the sector's middle half▲ 0.6pp80.2%above the sector's middle half▼ 9.4pp
Current ratio3.74-5.30above the sector's middle half▲ 1.555.86above the sector's middle half▲ 0.578.06above the sector's middle half▲ 2.199.07above the sector's middle half▲ 1.019.60above the sector's middle half▲ 0.537.03above the sector's middle half▼ 2.57
Return on assets (ROA)18.3%-13.3%within the sector's middle half▼ 5.0pp23.7%within the sector's middle half▲ 10.3pp17.4%within the sector's middle half▼ 6.3pp12.2%within the sector's middle half▼ 5.2pp14.9%within the sector's middle half▲ 2.8pp12.1%within the sector's middle half▼ 2.8pp
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 7% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €891,734
Fixed assets
€101,600 ▲ 49×
Current assets
€790,134 ▲ 17.0%
Equity and liabilities €891,734
Equity
€714,995 ▲ 17.8%
Debt
€176,739 ▲ 151%
Debt's share of the balance-sheet total rises from 10.4% to 19.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€161,128▲
2024 · €148,574
Cash flow
€111,306▲
2024 · €101,992
Debt to equity
0.25▲
2024 · 0.12
ROE
15.1%▼
2024 · 16.7%
Interest coverage
53.85▲
2024 · 48.28
Debt ≤ 1 year
€112,447▲
2024 · €70,340
Debt > 1 year
€64,292
Income taxes
€50,988▲
2024 · €43,504
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,074 | €1,670 | €102,928 |
| Depreciation and write-downs of the year | €949 | €949 | €812 | €3,420 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,020 | €16,508 | €5,204 | €949 | €949 | €812 | €3,420 | ▲ 321% |
| Other operating charges640/8 | - | - | - | €351 | €355 | €512 | €567 | ▲ 10.6% |
| Non-recurring operating charges66A | - | - | - | €0 | €0 | - | - | - |
| Gross operating margin9900 | €93,600 | €76,246 | €149,073 | €129,719 | €101,030 | €149,086 | €161,694 | ▲ 8.5% |
| Operating profit (loss)9901 | €73,527 | €59,674 | €143,817 | €128,419 | €99,725 | €147,761 | €157,707 | ▲ 6.7% |
| Financial income75/76B | - | - | - | €8 | €0 | - | €4,159 | - |
| Recurring financial income75 | €143 | €287 | €0 | €8 | €0 | - | €4,159 | - |
| Financial charges65/66B | - | - | - | €1,774 | €2,407 | €3,077 | €2,992 | ▼ 2.8% |
| Recurring financial charges65 | €1,861 | €1,838 | €1,787 | €1,774 | €2,407 | €3,077 | €2,992 | ▼ 2.8% |
| Profit (loss) for the period before taxes9903 | €71,809 | €58,124 | €142,030 | €126,653 | €97,318 | €144,684 | €158,874 | ▲ 9.8% |
| Income taxes67/77 | €21,010 | €17,162 | €42,292 | €40,008 | €28,073 | €43,504 | €50,988 | ▲ 17.2% |
| Profit (loss) for the period9904 | €50,799 | €40,962 | €99,738 | €86,646 | €69,246 | €101,180 | €107,886 | ▲ 6.6% |
| Profit (loss) for the period to be appropriated9905 | €50,799 | €40,962 | €99,738 | €86,646 | €69,246 | €101,180 | €107,886 | ▲ 6.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €277,728 | €307,345 | €421,591 | €498,397 | €568,452 | €677,449 | €891,734 | ▲ 31.6% |
| Fixed assets21/28 | €21,789 | €5,281 | €2,060 | €1,111 | €1,235 | €2,092 | €101,600 | ▲ 49× |
| Tangible fixed assets22/27 | €21,789 | €5,281 | €2,060 | €1,111 | €1,235 | €2,092 | €101,600 | ▲ 49× |
| Land and buildings22 | - | - | - | - | - | €1,665 | €4,143 | ▲ 149% |
| Plant, machinery and equipment23 | - | - | - | €1,111 | €1,235 | €427 | €1,150 | ▲ 169% |
| Furniture and vehicles24 | - | - | - | €0 | - | - | €96,307 | - |
| Current assets29/58 | €255,939 | €302,064 | €419,531 | €497,287 | €567,217 | €675,356 | €790,134 | ▲ 17.0% |
| Amounts receivable within one year40/41 | €43,806 | €57,318 | €96,132 | €38,448 | €64,213 | €50,573 | €88,431 | ▲ 74.9% |
| Trade receivables40 | - | - | - | €38,448 | €39,386 | €38,932 | €88,431 | ▲ 127% |
| Other amounts receivable41 | - | - | - | €0 | €24,827 | €11,641 | €0 | ▼ 100% |
| Current investments50/53 | €28,000 | €116,284 | €140,284 | €164,284 | €188,284 | €212,284 | €238,384 | ▲ 12.3% |
| Cash at bank and in hand54/58 | €181,729 | €128,113 | €182,892 | €265,434 | €312,802 | €393,263 | €463,130 | ▲ 17.8% |
| Deferred charges and accrued income490/1 | - | - | - | €29,121 | €1,918 | €19,237 | €189 | ▼ 99.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €277,728 | €307,345 | €421,591 | €498,397 | €568,452 | €677,449 | €891,734 | ▲ 31.6% |
| Equity10/15 | €209,338 | €250,300 | €350,038 | €436,683 | €505,929 | €607,109 | €714,995 | ▲ 17.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €196,938 | €237,900 | €337,638 | €424,283 | €493,529 | €594,709 | €702,595 | ▲ 18.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €422,423 | €491,669 | €592,849 | €700,735 | ▲ 18.2% |
| Amounts payable17/49 | €68,390 | €57,045 | €71,553 | €61,714 | €62,523 | €70,340 | €176,739 | ▲ 151% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €64,292 | - |
| Financial debts170/4 | - | - | - | - | - | - | €64,292 | - |
| Amounts payable within one year42/48 | €68,390 | €57,045 | €71,553 | €61,714 | €62,523 | €70,340 | €112,447 | ▲ 59.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €20,781 | - |
| Trade debts44 | €5,578 | €1,528 | €9,879 | €1,579 | €5,090 | €11,738 | €6,795 | ▼ 42.1% |
| Suppliers440/4 | - | - | - | €1,579 | €5,090 | €11,738 | €6,795 | ▼ 42.1% |
| Taxes, remuneration and social security45 | - | - | - | €11,501 | €9,148 | €14,072 | €61,021 | ▲ 334% |
| Taxes450/3 | - | - | - | €11,501 | €9,148 | €14,072 | €61,021 | ▲ 334% |
| Other amounts payable47/48 | - | - | - | €48,634 | €48,285 | €44,530 | €23,850 | ▼ 46.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,799 | €40,962 | €99,738 | €86,646 | €69,246 | €101,180 | €107,886 | ▲ 6.6% |
| + Depreciation and write-downs630 | €20,020 | €16,508 | €5,204 | €949 | €949 | €812 | €3,420 | ▲ 321% |
| Operating cash flow (approximation) | €70,819 | €57,470 | €104,942 | €87,595 | €70,195 | €101,992 | €111,306 | ▲ 9.1% |
| Investment in fixed assets (approximation) | - | €0 | -€1,983 | €0 | -€1,074 | -€1,670 | -€102,928 | ▼ 6,064% |
| Change in cash | - | -€53,616 | €54,779 | €82,542 | €47,368 | €80,461 | €69,867 | ▼ 13.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as ADVANTIUM has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of ADVANTIUM itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for ADVANTIUM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 08-01-2026 | 2026-00003890 | |
| 30-06-2024 | micro format | 06-01-2025 | 2025-00630088 | |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00009370 | |
| 30-06-2022 | micro format | 26-01-2023 | 2023-00004367 | |
| 30-06-2021 | micro format | 24-01-2022 | 2022-01400451 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02100273 | |
| 30-06-2019 | micro format | 28-01-2020 | 2020-02300142 | |
| 30-06-2018 | micro format | 22-01-2019 | 2019-01800339 | |
| 30-06-2017 | micro format | 30-01-2018 | 2018-02700194 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-02700290 |