allNice
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00460055.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 14 filings
Turnover
€9,131▼ 93.4%
2021 · €138,000
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€27,768▲ 17×
2024 · €1,650
Working capital
-€22,273▲ 55.0%
2024 · -€49,518
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€31,801
▲ 13×
2025
20182025
Net result
€27,768
▲ 17×
2025
middle half of the sector
20182025
Equity
€32,136
▲ 636%
2025
middle half of the sector
20182025
Total assets
€206,209
▲ 3.8%
2025
middle half of the sector
20182025
Debt
€174,073
▼ 10.4%
2025
20182025
Working capital
-€22,273
▲ 55.0%
2025
lowest quarter of the sector
20182025
Solvency
15.6%
▲ 13.4pp
2025
lowest quarter of the sector
20182025
Current ratio
0.82
▲ 0.21
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
13.5%
▲ 12.6pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€218,500-€138,000▼ 36.8%€136,850▼ 0.8%€138,000▲ 0.8%€9,131▼ 93.4%
Operating result€24,901-€26,237▲ 5.4%-€3,579€13,935-€84,099€13,350€2,414▼ 81.9%€31,801▲ 13×
Net result€12,158--€16,085-€4,420below the sector's middle half▲ 72.5%€13,360within the sector's middle half-€84,427below the sector's middle half€6,841within the sector's middle half€1,650within the sector's middle half▼ 75.9%€27,768within the sector's middle half▲ 17×
Equity€91,700-€75,615▼ 17.5%€71,195within the sector's middle half▼ 5.8%€84,555within the sector's middle half▲ 18.8%-€4,123below the sector's middle half€2,718below the sector's middle half€4,368below the sector's middle half▲ 60.7%€32,136within the sector's middle half▲ 636%
Total assets€207,342-€155,527▼ 25.0%€131,380within the sector's middle half▼ 15.5%€202,981within the sector's middle half▲ 54.5%€125,218within the sector's middle half▼ 38.3%€112,012within the sector's middle half▼ 10.5%€198,644within the sector's middle half▲ 77.3%€206,209within the sector's middle half▲ 3.8%
Debt€115,642-€79,912▼ 30.9%€60,184▼ 24.7%€118,426▲ 96.8%€129,341▲ 9.2%€109,294▼ 15.5%€194,276▲ 77.8%€174,073▼ 10.4%
Working capital€22,793-€13,934▼ 38.9%€4,289within the sector's middle half▼ 69.2%€27,226within the sector's middle half▲ 535%-€52,275below the sector's middle half-€40,474below the sector's middle half▲ 22.6%-€49,518below the sector's middle half▼ 22.3%-€22,273below the sector's middle half▲ 55.0%
Solvency44.2%-48.6%▲ 4.4pp54.2%within the sector's middle half▲ 5.6pp41.7%within the sector's middle half▼ 12.5pp-3.3%below the sector's middle half▼ 44.9pp2.4%below the sector's middle half▲ 5.7pp2.2%below the sector's middle half▼ 0.2pp15.6%below the sector's middle half▲ 13.4pp
Current ratio1.51-1.48▼ 0.021.15below the sector's middle half▼ 0.341.25within the sector's middle half▲ 0.110.59below the sector's middle half▼ 0.660.63below the sector's middle half▲ 0.040.61below the sector's middle half▼ 0.020.82below the sector's middle half▲ 0.21
Return on assets (ROA)5.9%--10.3%▼ 16.2pp-3.4%below the sector's middle half▲ 7.0pp6.6%within the sector's middle half▲ 9.9pp-67.4%below the sector's middle half▼ 74.0pp6.1%within the sector's middle half▲ 73.5pp0.8%within the sector's middle half▼ 5.3pp13.5%within the sector's middle half▲ 12.6pp
above
within
below
The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). 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 over 13 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206,209
Fixed assets
€104,260 ▼ 14.9%
Current assets
€101,949 ▲ 33.9%
Equity and liabilities €206,209
Equity
€32,136 ▲ 636%
Debt
€174,073 ▼ 10.4%
Debt's share of the balance-sheet total falls from 97.8% to 84.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,378▲
2024 · €11,850
Cash flow
€50,345▲
2024 · €11,085
Debt to equity
5.42▼
2024 · 44.48
ROE
86.4%▲
2024 · 37.8%
Interest coverage
11.53▼
2024 · 15.36
Debt ≤ 1 year
€124,222▼
2024 · €125,644
Debt > 1 year
€49,272▼
2024 · €65,617
Income taxes
€538
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €88,699 | €4,319 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €30,044 | €17,744 | €6,619 | €9,435 | €22,577 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €218,500 | €138,000 | €136,850 | €138,000 | €9,131 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €106,120 | €87,429 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,058 | €31,662 | €31,686 | €30,044 | €17,744 | €6,619 | €9,435 | €22,577 | ▲ 139% |
| Other operating charges640/8 | - | - | - | €698 | €1,189 | €566 | €792 | €797 | ▲ 0.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €3,932 | €2,278 | ▼ 42.1% |
| Gross operating margin9900 | €82,904 | €58,597 | €28,711 | €44,678 | -€65,167 | €20,535 | €16,574 | €57,454 | ▲ 247% |
| Operating profit (loss)9901 | €24,901 | €26,237 | -€3,579 | €13,935 | -€84,099 | €13,350 | €2,414 | €31,801 | ▲ 13× |
| Financial income75/76B | - | - | - | €11 | €6 | €57 | €7 | €1,220 | ▲ 185× |
| Recurring financial income75 | €735 | €1,153 | - | €11 | €6 | €57 | €7 | €1,220 | ▲ 185× |
| Financial charges65/66B | - | - | - | €587 | €334 | €6,566 | €771 | €4,715 | ▲ 511% |
| Recurring financial charges65 | €2,489 | €1,055 | €840 | €587 | €334 | €6,566 | €771 | €4,715 | ▲ 511% |
| Profit (loss) for the period before taxes9903 | €17,356 | €26,336 | -€4,420 | €13,360 | -€84,427 | €6,841 | €1,650 | €28,306 | ▲ 17× |
| Income taxes67/77 | €5,198 | €42,421 | - | - | - | - | - | €538 | - |
| Profit (loss) for the period9904 | €12,158 | -€16,085 | -€4,420 | €13,360 | -€84,427 | €6,841 | €1,650 | €27,768 | ▲ 17× |
| Profit (loss) for the period to be appropriated9905 | €12,158 | -€16,085 | -€4,420 | €13,360 | -€84,427 | €6,841 | €1,650 | €27,768 | ▲ 17× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €207,342 | €155,527 | €131,380 | €202,981 | €125,218 | €112,012 | €198,644 | €206,209 | ▲ 3.8% |
| Fixed assets21/28 | €139,587 | €112,797 | €97,661 | €67,617 | €49,873 | €43,254 | €122,518 | €104,260 | ▼ 14.9% |
| Tangible fixed assets22/27 | €139,542 | €112,752 | €97,616 | €67,572 | €49,828 | €43,209 | €122,473 | €104,215 | ▼ 14.9% |
| Land and buildings22 | - | - | - | €52,641 | €47,423 | €42,436 | €37,449 | €33,128 | ▼ 11.5% |
| Plant, machinery and equipment23 | - | - | - | €938 | €469 | - | €487 | €382 | ▼ 21.7% |
| Furniture and vehicles24 | - | - | - | €13,993 | €1,936 | €773 | €84,537 | €70,706 | ▼ 16.4% |
| Financial fixed assets28 | €45 | €45 | €45 | €45 | €45 | €45 | €45 | €45 | = |
| Current assets29/58 | €67,755 | €42,730 | €33,718 | €135,364 | €75,345 | €68,758 | €76,126 | €101,949 | ▲ 33.9% |
| Amounts receivable within one year40/41 | €33,025 | €20,634 | €8,195 | €14,671 | €1,091 | €4,112 | €3,238 | €15,224 | ▲ 370% |
| Trade receivables40 | - | - | - | €11,500 | €1,091 | - | €2,224 | €13,223 | ▲ 495% |
| Other amounts receivable41 | - | - | - | €3,171 | - | €4,112 | €1,014 | €2,001 | ▲ 97.3% |
| Current investments50/53 | €25,151 | - | - | - | €74,255 | €55,923 | €69,383 | €69,383 | = |
| Cash at bank and in hand54/58 | €3,908 | €17,863 | €20,055 | €120,694 | - | €7,240 | €2,278 | €16,400 | ▲ 620% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,484 | €1,228 | €942 | ▼ 23.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €207,342 | €155,527 | €131,380 | €202,981 | €125,218 | €112,012 | €198,644 | €206,209 | ▲ 3.8% |
| Equity10/15 | €91,700 | €75,615 | €71,195 | €84,555 | -€4,123 | €2,718 | €4,368 | €32,136 | ▲ 636% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €9,060 | €9,060 | €9,060 | €9,060 | €9,060 | €9,060 | €9,060 | €9,060 | = |
| Non-distributable reserves130/1 | - | - | - | €9,060 | €9,060 | €9,060 | €0 | - | - |
| Legal reserve130 | - | - | - | €9,060 | €9,060 | €9,060 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €0 | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €9,060 | €9,060 | = |
| Profit (loss) carried forward14 | €64,040 | €47,955 | €43,535 | €56,895 | -€31,783 | -€24,942 | -€23,292 | €4,476 | - |
| Amounts payable17/49 | €115,642 | €79,912 | €60,184 | €118,426 | €129,341 | €109,294 | €194,276 | €174,073 | ▼ 10.4% |
| Amounts payable after more than one year17 | €70,662 | €50,792 | €30,668 | €10,287 | - | - | €65,617 | €49,272 | ▼ 24.9% |
| Financial debts170/4 | - | - | - | €10,287 | - | - | €65,617 | €49,272 | ▼ 24.9% |
| Amounts payable within one year42/48 | €44,962 | €28,796 | €29,429 | €108,139 | €127,620 | €109,232 | €125,644 | €124,222 | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,380 | €10,287 | - | €15,827 | €16,345 | ▲ 3.3% |
| Trade debts44 | €5,017 | €1,137 | €1,505 | €2,586 | €14,730 | €3,582 | €1,473 | €2,662 | ▲ 80.8% |
| Suppliers440/4 | - | - | - | €2,586 | €14,730 | €3,582 | €1,473 | €2,662 | ▲ 80.8% |
| Taxes, remuneration and social security45 | - | - | - | €3,000 | €4,204 | - | €1,709 | €538 | ▼ 68.5% |
| Taxes450/3 | - | - | - | - | €2,251 | - | €1,709 | €538 | ▼ 68.5% |
| Remuneration and social security454/9 | - | - | - | €3,000 | €1,954 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €82,172 | €98,399 | €105,650 | €106,636 | €104,676 | ▼ 1.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,721 | €62 | €3,015 | €579 | ▼ 80.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,158 | -€16,085 | -€4,420 | €13,360 | -€84,427 | €6,841 | €1,650 | €27,768 | ▲ 17× |
| + Depreciation and write-downs630 | €56,058 | €31,662 | €31,686 | €30,044 | €17,744 | €6,619 | €9,435 | €22,577 | ▲ 139% |
| Operating cash flow (approximation) | €68,217 | €15,577 | €27,267 | €43,404 | -€66,683 | €13,459 | €11,085 | €50,345 | ▲ 354% |
| Investment in fixed assets (approximation) | - | -€4,871 | -€16,551 | €0 | €0 | €0 | -€88,699 | -€4,320 | ▲ 95.1% |
| Change in cash | - | €13,954 | €2,192 | €100,639 | - | - | -€4,962 | €14,122 | - |
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, 5,053 companies had the same profile as allNice has now. Two years later, 95.8% were still going and 1.6% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.4%
stopped otherwise
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of allNice itself: 0.4% 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 5,053 companies, not a prediction for allNice. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00460055 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00475610 | |
| 31-12-2023 | micro format | 04-11-2024 | 2024-00530134 | |
| 31-12-2022 | micro format | 14-10-2023 | 2023-00485645 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20343639 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65700431 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66200471 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60700362 | |
| 30-06-2017 | micro format | 28-06-2018 | 2018-23800089 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-02700300 |