ASSUSOFT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-04-2026 PDF all 40 filings
Turnover
≈ €6.3m
Estimated: probably between €5.0m and €7.8m
Total assets
€4.5m▲ 51.5%
2024 · €3.0m
Net result
€1.2m▲ 7.1%
2024 · €1.1m
Working capital
€544,174▼ 13.5%
2024 · €629,443
In the rankings
#1 company by total assets in Duffel, Telecoms and IT sector#2 oldest company in Duffel, Telecoms and IT sector#7 company by staff growth in Duffel
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€1.3m
▲ 3.5%
2025
20182025
Net result
€1.2m
▲ 7.1%
2025
highest quarter of the sector
20182025
Equity
€88,496
=
2025
middle half of the sector
20182025
Total assets
€4.5m
▲ 51.5%
2025
highest quarter of the sector
20182025
Debt
€4.4m
▲ 53.1%
2025
20182025
Working capital
€544,174
▼ 13.5%
2025
highest quarter of the sector
20182025
Solvency
2.0%
▼ 1.0pp
2025
lowest quarter of the sector
20182025
Current ratio
1.32
▼ 0.10
2025
middle half of the sector
20182025
Return on assets (ROA)
26.9%
▼ 11.2pp
2025
highest quarter of the sector
20182025
Staff (FTE)
23.6
▲ 11.3%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.8m-€0.7m▼ 3.8%€0.9m▲ 17.5%€1.0m▲ 10.7%€1.0m▲ 1.5%€1.0m▲ 6.2%€1.3m▲ 22.8%€1.3m▲ 3.5%
Net result€0.5m-€0.5m▼ 6.7%€0.7mabove the sector's middle half▲ 41.4%€0.8mabove the sector's middle half▲ 12.6%€0.8mabove the sector's middle half▲ 5.9%€0.9mabove the sector's middle half▲ 6.9%€1.1mabove the sector's middle half▲ 26.3%€1.2mabove the sector's middle half▲ 7.1%
Equity€0.09m-€0.09m=€0.09mwithin the sector's middle half=€0.09mwithin the sector's middle half=€0.09mwithin the sector's middle half=€0.09mwithin the sector's middle half=€0.09mwithin the sector's middle half=€0.09mwithin the sector's middle half=
Total assets€2.0m-€2.0m▲ 0.2%€2.1mabove the sector's middle half▲ 4.3%€2.2mabove the sector's middle half▲ 4.4%€2.4mabove the sector's middle half▲ 6.4%€2.6mabove the sector's middle half▲ 8.4%€3.0mabove the sector's middle half▲ 15.4%€4.5mabove the sector's middle half▲ 51.5%
Debt€1.9m-€2.0m▲ 0.3%€2.0m▲ 4.4%€2.1m▲ 4.6%€2.3m▲ 6.6%€2.5m▲ 8.7%€2.9m▲ 15.9%€4.4m▲ 53.1%
Working capital€0.1m-€0.1m▲ 28.1%€0.1mwithin the sector's middle half▼ 0.6%€0.2mwithin the sector's middle half▲ 46.2%€0.3mwithin the sector's middle half▲ 28.3%€0.5mabove the sector's middle half▲ 65.3%€0.6mabove the sector's middle half▲ 38.5%€0.5mabove the sector's middle half▼ 13.5%
Solvency4.3%-4.3%=4.2%below the sector's middle half▼ 0.2pp4.0%below the sector's middle half▼ 0.2pp3.7%below the sector's middle half▼ 0.2pp3.5%below the sector's middle half▼ 0.3pp3.0%below the sector's middle half▼ 0.5pp2.0%below the sector's middle half▼ 1.0pp
Current ratio1.13-1.16▲ 0.031.14within the sector's middle half▼ 0.021.19within the sector's middle half▲ 0.051.22within the sector's middle half▲ 0.031.36within the sector's middle half▲ 0.131.42within the sector's middle half▲ 0.061.32within the sector's middle half▼ 0.10
Return on assets (ROA)26.0%-24.2%▼ 1.8pp32.8%above the sector's middle half▲ 8.6pp35.4%above the sector's middle half▲ 2.6pp35.3%above the sector's middle half▼ 0.1pp34.8%above the sector's middle half▼ 0.5pp38.1%above the sector's middle half▲ 3.3pp26.9%above the sector's middle half▼ 11.2pp
Staff (FTE)14.9-17.6▲ 18.1%17.5above the sector's middle half▼ 0.6%19.3above the sector's middle half▲ 10.3%20.4above the sector's middle half▲ 5.7%21.2above the sector's middle half▲ 3.9%21.2above the sector's middle half=23.6above the sector's middle half▲ 11.3%
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 4% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated 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 €4.5m
Fixed assets
€2.2m ▲ 169%
Current assets
€2.3m ▲ 5.8%
Equity and liabilities €4.5m
Equity
€88,496 =
Debt
€4.4m ▲ 53.1%
Debt's share of the balance-sheet total rises from 97.0% to 98.0%. Debt is higher.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €1.3m
Cash flow
€1.3m▲
2024 · €1.2m
Quick ratio
1.30▼
2024 · 1.38
Debt to equity
49.64▲
2024 · 32.42
Interest coverage
37.48▼
2024 · 96.56
Debt ≤ 1 year
€1.7m▲
2024 · €1.5m
Debt > 1 year
€1.2m▲
2024 · €0
Income taxes
€90,310▼
2024 · €139,902
Staff costs
€2.3m▲
2024 · €2.0m
A ratio outside any meaningful range has been withheld (balance sheet total €4.5m, equity €88,496).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 20 | 22 | 22 | 23 | 27 |
| full-time | 17 | 20 | 19 | 18 | 20 |
| part-time | 3 | 2 | 3 | 5 | 7 |
| in full-time equivalents | 19.4 | 21.6 | 21.2 | 21.9 | 25.2 |
| Average over the year, in full-time equivalents | 19.3 | 20.4 | 21.2 | 21.2 | 23.6 |
| On a permanent contract | 20 | 22 | 22 | 23 | 27 |
| Joined | 4 | 2 | - | 3 | 5 |
| Left | 4 | 2 | - | 2 | 1 |
| Training hours | 24 | - | - | 24 | 67 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €217,074 | €134,912 | €52,750 | €11,316 | €1.2m |
| Mortgage mandates | - | - | - | - | €1.2m |
| Carrying value of the mortgaged assets | - | - | - | - | €1.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,111 | €12,439 | €8,108 | €26,471 | €1.5m |
| Financial fixed assets | - | - | - | €5,590 | €0 |
| Depreciation and write-downs of the year | €55,768 | €37,110 | €37,330 | €38,995 | €61,816 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €75,205 awarded · €75,205 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €20,142 | €20,142 |
| 2024 | 1 | €19,447 | €19,447 |
| 2023 | 1 | €18,677 | €18,677 |
| 2022 | 1 | €16,939 | €16,939 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.008m | €0.007m | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.5m | €1.7m | €1.9m | €2.0m | €2.3m | ▲ 15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.06m | €0.06m | €0.06m | €0.04m | €0.04m | €0.04m | €0.06m | ▲ 58.5% |
| Other operating charges640/8 | - | - | - | €0.006m | €0.005m | €0.008m | €0.008m | €0.009m | ▲ 10.0% |
| Gross operating margin9900 | €1.8m | €2.0m | €2.2m | €2.5m | €2.7m | €3.0m | €3.3m | €3.7m | ▲ 11.6% |
| Operating profit (loss)9901 | €0.8m | €0.7m | €0.9m | €1.0m | €1.0m | €1.0m | €1.3m | €1.3m | ▲ 3.5% |
| Financial income75/76B | - | - | - | €0.001m | €0.004m | €0.001m | €0.02m | €0.03m | ▲ 49.5% |
| Recurring financial income75 | €0.01m | €164 | €0 | €0.001m | €0.004m | €0.001m | €0.02m | €0.03m | ▲ 49.5% |
| Financial charges65/66B | - | - | - | €0.02m | €0.01m | €0.01m | €0.01m | €0.04m | ▲ 171% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.04m | ▲ 171% |
| Profit (loss) for the period before taxes9903 | €0.8m | €0.7m | €0.8m | €0.9m | €1.0m | €1.0m | €1.3m | €1.3m | ▲ 2.4% |
| Income taxes67/77 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 35.4% |
| Profit (loss) for the period9904 | €0.5m | €0.5m | €0.7m | €0.8m | €0.8m | €0.9m | €1.1m | €1.2m | ▲ 7.1% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.5m | €0.7m | €0.8m | €0.8m | €0.9m | €1.1m | €1.2m | ▲ 7.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.0m | €2.0m | €2.1m | €2.2m | €2.4m | €2.6m | €3.0m | €4.5m | ▲ 51.5% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €2.2m | ▲ 169% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €2.2m | ▲ 171% |
| Land and buildings22 | - | - | - | €0.9m | €0.8m | €0.8m | €0.8m | €2.0m | ▲ 151% |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.01m | €0.01m | €0.02m | €0.1m | ▲ 581% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.005m | €0.002m | €0.01m | €0.1m | ▲ 744% |
| Financial fixed assets28 | €75 | €75 | €75 | €75 | €75 | €0 | €0.006m | €0.006m | = |
| Current assets29/58 | €1.0m | €1.1m | €1.2m | €1.3m | €1.5m | €1.7m | €2.1m | €2.3m | ▲ 5.8% |
| Stocks and contracts in progress3 | €0 | €0.04m | €0.05m | €0.04m | €0.05m | €0.02m | €0.06m | €0.03m | ▼ 48.3% |
| Contracts in progress37 | - | - | - | €0.04m | €0.05m | €0.02m | €0.06m | €0.03m | ▼ 48.3% |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | €1.0m | €1.2m | €1.5m | ▲ 27.2% |
| Trade receivables40 | - | - | - | €0.7m | €0.8m | €1.0m | €1.2m | €1.5m | ▲ 24.3% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.03m | €0.005m | €0 | €0.03m | - |
| Current investments50/53 | €0 | - | - | - | - | €0.4m | €0.4m | €0.6m | ▲ 38.9% |
| Cash at bank and in hand54/58 | €0.3m | €0.5m | €0.5m | €0.6m | €0.6m | €0.3m | €0.5m | €0.1m | ▼ 73.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.006m | €0.01m | €0.03m | ▲ 150% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.0m | €2.0m | €2.1m | €2.2m | €2.4m | €2.6m | €3.0m | €4.5m | ▲ 51.5% |
| Equity10/15 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Legal reserve130 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €1.9m | €2.0m | €2.0m | €2.1m | €2.3m | €2.5m | €2.9m | €4.4m | ▲ 53.1% |
| Amounts payable after more than one year17 | €0.4m | €0.3m | €0.2m | €0.1m | €0.05m | €0.01m | €0 | €1.2m | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.05m | €0.01m | €0 | €1.2m | - |
| Amounts payable within one year42/48 | €0.9m | €0.9m | €1.0m | €1.1m | €1.2m | €1.3m | €1.5m | €1.7m | ▲ 13.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.08m | €0.04m | €0.01m | €0.07m | ▲ 505% |
| Financial debts43 | - | - | - | €0.03m | €0.03m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0.03m | €0.03m | €0 | - | - | - |
| Trade debts44 | €0.05m | €160 | €0.005m | €0.02m | €0.03m | €0.03m | €28 | €0.01m | ▲ 427× |
| Suppliers440/4 | - | - | - | €0.02m | €0.03m | €0.03m | €28 | €0.01m | ▲ 427× |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 16.5% |
| Taxes450/3 | - | - | - | €0.06m | €0.07m | €0.1m | €0.2m | €0.2m | ▲ 19.5% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 14.3% |
| Other amounts payable47/48 | - | - | - | €0.8m | €0.8m | €0.9m | €1.1m | €1.2m | ▲ 7.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.9m | €1.0m | €1.2m | €1.4m | €1.5m | ▲ 10.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.5m | €0.7m | €0.8m | €0.8m | €0.9m | €1.1m | €1.2m | ▲ 7.1% |
| + Depreciation and write-downs630 | €0.06m | €0.06m | €0.06m | €0.06m | €0.04m | €0.04m | €0.04m | €0.06m | ▲ 58.5% |
| Operating cash flow (approximation) | €0.6m | €0.6m | €0.8m | €0.8m | €0.9m | €0.9m | €1.2m | €1.3m | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€0.02m | -€0.01m | -€0.007m | -€0.01m | -€0.008m | -€0.03m | -€1.5m | ▼ 4,461% |
| Change in cash | - | €0.2m | €0.007m | €0.1m | €0.04m | -€0.3m | €0.2m | -€0.3m | - |
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, 496 companies had the same profile as ASSUSOFT has now. Two years later, 95.4% were still going and 1.2% had gone bankrupt.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
95.4%
was still going
3.2%
stopped otherwise
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ASSUSOFT itself: 0.3% 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 496 companies, not a prediction for ASSUSOFT. 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 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-04-2026 | 2026-00079006 | |
| 31-12-2024 | abbreviated format | 09-04-2025 | 2025-00066298 | |
| 31-12-2023 | abbreviated format | 07-05-2024 | 2024-00083455 | |
| 31-12-2022 | abbreviated format | 18-04-2023 | 2023-00061224 | |
| 31-12-2021 | abbreviated format | 29-04-2022 | 2022-20015434 | |
| 31-12-2020 | abbreviated format | 21-05-2021 | 2021-15100176 | |
| 31-12-2019 | abbreviated format | 09-06-2020 | 2020-15900384 | |
| 31-12-2018 | abbreviated format | 03-06-2019 | 2019-15400486 | |
| 31-12-2017 | abbreviated format | 08-08-2018 | 2018-44500226 | |
| 31-12-2016 | abbreviated format | 02-06-2017 | 2017-14200398 |