almIT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 11-06-2026 PDF all 15 filings
Turnover
≈ €130,000
Estimated: probably between €110,000 and €180,000
Total assets
€250,880▲ 15.4%
2024 · €217,436
Net result
€19,108▼ 10.5%
2024 · €21,357
Working capital
€218,986▲ 15.2%
2024 · €190,124
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€31,889
▼ 11.0%
2025
20182025
Net result
€19,108
▼ 10.5%
2025
middle half of the sector
20182025
Equity
€221,254
▲ 9.5%
2025
highest quarter of the sector
20182025
Total assets
€250,880
▲ 15.4%
2025
middle half of the sector
20182025
Debt
€29,626
▲ 93.8%
2025
20182025
Working capital
€218,986
▲ 15.2%
2025
highest quarter of the sector
20182025
Solvency
88.2%
▼ 4.8pp
2025
highest quarter of the sector
20182025
Current ratio
12.24
▼ 1.23
2025
highest quarter of the sector
20182025
Return on assets (ROA)
7.6%
▼ 2.2pp
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
Operating result€18,544-€36,027▲ 94.3%€38,062▲ 5.6%€60,950▲ 60.1%€69,785▲ 14.5%€41,777▼ 40.1%€35,815▼ 14.3%€31,889▼ 11.0%
Net result€11,577-€23,994▲ 107%€25,356within the sector's middle half▲ 5.7%€41,954within the sector's middle half▲ 65.5%€50,226above the sector's middle half▲ 19.7%€24,685within the sector's middle half▼ 50.9%€21,357within the sector's middle half▼ 13.5%€19,108within the sector's middle half▼ 10.5%
Equity€46,150-€50,144▲ 8.7%€75,500within the sector's middle half▲ 50.6%€117,454within the sector's middle half▲ 55.6%€167,681above the sector's middle half▲ 42.8%€192,365above the sector's middle half▲ 14.7%€202,146above the sector's middle half▲ 5.1%€221,254above the sector's middle half▲ 9.5%
Total assets€99,098-€93,138▼ 6.0%€117,219within the sector's middle half▲ 25.9%€157,981within the sector's middle half▲ 34.8%€194,311within the sector's middle half▲ 23.0%€212,369within the sector's middle half▲ 9.3%€217,436within the sector's middle half▲ 2.4%€250,880within the sector's middle half▲ 15.4%
Debt€52,947-€42,994▼ 18.8%€41,719▼ 3.0%€40,526▼ 2.9%€26,631▼ 34.3%€20,004▼ 24.9%€15,290▼ 23.6%€29,626▲ 93.8%
Working capital€39,951-€45,599▲ 14.1%€69,962within the sector's middle half▲ 53.4%€117,802within the sector's middle half▲ 68.4%€157,251above the sector's middle half▲ 33.5%€186,441above the sector's middle half▲ 18.6%€190,124above the sector's middle half▲ 2.0%€218,986above the sector's middle half▲ 15.2%
Solvency46.6%-53.8%▲ 7.3pp64.4%within the sector's middle half▲ 10.6pp74.3%within the sector's middle half▲ 9.9pp86.3%above the sector's middle half▲ 11.9pp90.6%above the sector's middle half▲ 4.3pp93.0%above the sector's middle half▲ 2.4pp88.2%above the sector's middle half▼ 4.8pp
Current ratio2.77-3.25▲ 0.483.74within the sector's middle half▲ 0.505.75above the sector's middle half▲ 2.019.38above the sector's middle half▲ 3.6317.05above the sector's middle half▲ 7.6713.47above the sector's middle half▼ 3.5812.24above the sector's middle half▼ 1.23
Return on assets (ROA)11.7%-25.8%▲ 14.1pp21.6%within the sector's middle half▼ 4.1pp26.6%within the sector's middle half▲ 4.9pp25.8%within the sector's middle half▼ 0.7pp11.6%within the sector's middle half▼ 14.2pp9.8%within the sector's middle half▼ 1.8pp7.6%within the sector's middle half▼ 2.2pp
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 11% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
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 €250,880
Fixed assets
€12,411 ▲ 2.8%
Current assets
€238,470 ▲ 16.1%
Equity and liabilities €250,880
Equity
€221,254 ▲ 9.5%
Debt
€29,626 ▲ 93.8%
Debt's share of the balance-sheet total rises from 7.0% to 11.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,418▼
2024 · €40,819
Cash flow
€24,637▼
2024 · €26,361
Debt to equity
0.13▲
2024 · 0.08
ROE
8.6%▼
2024 · 10.6%
Interest coverage
9.01▼
2024 · 10.21
Debt ≤ 1 year
€19,483▲
2024 · €15,245
Income taxes
€8,631▼
2024 · €10,836
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 | €7,131 | €14,890 | €1,135 | €6,218 | €5,872 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €9,686 | €3,314 | €5,116 | €5,004 | €5,529 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,006 | €9,306 | €9,646 | €9,686 | €3,314 | €5,116 | €5,004 | €5,529 | ▲ 10.5% |
| Other operating charges640/8 | - | - | - | €1,496 | €868 | €1,805 | €3,736 | €1,463 | ▼ 60.9% |
| Gross operating margin9900 | €30,397 | €46,396 | €48,383 | €72,131 | €73,966 | €48,698 | €44,556 | €38,881 | ▼ 12.7% |
| Operating profit (loss)9901 | €18,544 | €36,027 | €38,062 | €60,950 | €69,785 | €41,777 | €35,815 | €31,889 | ▼ 11.0% |
| Financial income75/76B | - | - | - | €0 | €47 | €249 | €378 | €1 | ▼ 99.6% |
| Recurring financial income75 | - | €1 | €28 | €0 | €47 | €249 | €378 | €1 | ▼ 99.6% |
| Financial charges65/66B | - | - | - | €424 | €1,197 | €4,786 | €4,000 | €4,152 | ▲ 3.8% |
| Recurring financial charges65 | €771 | €604 | €550 | €424 | €1,197 | €4,786 | €4,000 | €4,152 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €17,773 | €35,423 | €37,539 | €60,526 | €68,635 | €37,240 | €32,194 | €27,739 | ▼ 13.8% |
| Income taxes67/77 | €6,196 | €11,429 | €12,183 | €18,571 | €18,408 | €12,555 | €10,836 | €8,631 | ▼ 20.4% |
| Profit (loss) for the period9904 | €11,577 | €23,994 | €25,356 | €41,954 | €50,226 | €24,685 | €21,357 | €19,108 | ▼ 10.5% |
| Profit (loss) for the period to be appropriated9905 | €11,577 | €23,994 | €25,356 | €41,954 | €50,226 | €24,685 | €21,357 | €19,108 | ▼ 10.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €99,098 | €93,138 | €117,219 | €157,981 | €194,311 | €212,369 | €217,436 | €250,880 | ▲ 15.4% |
| Fixed assets21/28 | €36,558 | €27,252 | €21,759 | €15,392 | €18,293 | €14,312 | €12,067 | €12,411 | ▲ 2.8% |
| Tangible fixed assets22/27 | €36,342 | €27,036 | €21,544 | €15,177 | €18,077 | €14,096 | €11,851 | €12,195 | ▲ 2.9% |
| Plant, machinery and equipment23 | - | - | - | €190 | €9,794 | €8,003 | €7,174 | €8,982 | ▲ 25.2% |
| Furniture and vehicles24 | - | - | - | €14,987 | €8,283 | €6,094 | €1,872 | €1,108 | ▼ 40.8% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €2,806 | €2,104 | ▼ 25.0% |
| Financial fixed assets28 | €216 | €216 | €216 | €216 | €216 | €216 | €216 | €216 | = |
| Current assets29/58 | €62,540 | €65,886 | €95,460 | €142,589 | €176,018 | €198,058 | €205,369 | €238,470 | ▲ 16.1% |
| Amounts receivable within one year40/41 | €22,238 | €24,227 | €16,104 | €24,783 | €48,530 | €42,249 | €40,439 | €36,860 | ▼ 8.9% |
| Trade receivables40 | - | - | - | €23,637 | €41,632 | €41,305 | €38,944 | €36,583 | ▼ 6.1% |
| Other amounts receivable41 | - | - | - | €1,147 | €6,899 | €945 | €1,495 | €277 | ▼ 81.5% |
| Current investments50/53 | - | - | - | - | - | €28,249 | €98,373 | €98,338 | = |
| Cash at bank and in hand54/58 | €40,302 | €41,660 | €79,356 | €116,888 | €126,032 | €126,087 | €63,705 | €99,783 | ▲ 56.6% |
| Deferred charges and accrued income490/1 | - | - | - | €918 | €1,456 | €1,473 | €2,853 | €3,489 | ▲ 22.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €99,098 | €93,138 | €117,219 | €157,981 | €194,311 | €212,369 | €217,436 | €250,880 | ▲ 15.4% |
| Equity10/15 | €46,150 | €50,144 | €75,500 | €117,454 | €167,681 | €192,365 | €202,146 | €221,254 | ▲ 9.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €33,750 | €37,744 | €63,100 | €105,054 | €155,281 | €179,965 | €189,746 | €208,854 | ▲ 10.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €103,194 | €153,421 | €179,965 | €189,746 | €208,854 | ▲ 10.1% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €52,947 | €42,994 | €41,719 | €40,526 | €26,631 | €20,004 | €15,290 | €29,626 | ▲ 93.8% |
| Amounts payable after more than one year17 | €24,433 | €16,479 | €8,371 | €105 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €105 | - | - | - | - | - |
| Amounts payable within one year42/48 | €22,589 | €20,287 | €25,498 | €24,787 | €18,767 | €11,617 | €15,245 | €19,483 | ▲ 27.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,266 | €696 | €0 | - | - | - |
| Financial debts43 | - | - | - | - | €1 | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €1 | €0 | - | - | - |
| Trade debts44 | €4,006 | €6,556 | €3,482 | €6,789 | €7,060 | €1,861 | €2,941 | €10,240 | ▲ 248% |
| Suppliers440/4 | - | - | - | €6,789 | €7,060 | €1,861 | €2,941 | €10,240 | ▲ 248% |
| Taxes, remuneration and social security45 | - | - | - | €9,732 | €11,011 | €6,454 | €4,988 | €4,685 | ▼ 6.1% |
| Taxes450/3 | - | - | - | €9,732 | €11,011 | €6,454 | €4,988 | €4,685 | ▼ 6.1% |
| Other amounts payable47/48 | - | - | - | - | - | €3,302 | €7,315 | €4,558 | ▼ 37.7% |
| Accrued charges and deferred income492/3 | - | - | - | €15,635 | €7,864 | €8,388 | €45 | €10,143 | ▲ 224× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,577 | €23,994 | €25,356 | €41,954 | €50,226 | €24,685 | €21,357 | €19,108 | ▼ 10.5% |
| + Depreciation and write-downs630 | €10,006 | €9,306 | €9,646 | €9,686 | €3,314 | €5,116 | €5,004 | €5,529 | ▲ 10.5% |
| Operating cash flow (approximation) | €21,582 | €33,300 | €35,002 | €51,640 | €53,540 | €29,801 | €26,361 | €24,637 | ▼ 6.5% |
| Investment in fixed assets (approximation) | - | €0 | -€4,154 | -€3,318 | -€6,215 | -€1,135 | -€2,759 | -€5,872 | ▼ 113% |
| Change in cash | - | €1,358 | €37,697 | €37,531 | €9,145 | €54 | -€62,382 | €36,078 | - |
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, 34,693 companies had the same profile as almIT has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of almIT 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 34,693 companies, not a prediction for almIT. 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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-06-2026 | 2026-00158587 | |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00403904 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00369466 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00284866 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20361464 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43300549 | |
| 31-12-2019 | micro format | 15-06-2020 | 2020-18100307 | |
| 31-12-2018 | micro format | 20-06-2019 | 2019-21100396 | |
| 31-12-2017 | micro format | 19-06-2018 | 2018-21100237 | |
| 31-12-2016 | micro format | 21-06-2017 | 2017-20100120 |