AUDITRY
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 14 filings
Equity
€27,349▼ 14.9%
2024 · €32,134
Total assets
€139,541▲ 0.7%
2024 · €138,630
Net result
-€4,785▼ 65.3%
2024 · -€2,894
Working capital
€21,961▼ 6.8%
2024 · €23,560
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1,532
2025
20182025
Net result
-€4,785
▼ 65.3%
2025
lowest quarter of the sector
20182025
Equity
€27,349
▼ 14.9%
2025
lowest quarter of the sector
20182025
Total assets
€139,541
▲ 0.7%
2025
middle half of the sector
20182025
Debt
€112,191
▲ 5.3%
2025
20182025
Working capital
€21,961
▼ 6.8%
2025
middle half of the sector
20182025
Solvency
19.6%
▼ 3.6pp
2025
middle half of the sector
20182025
Current ratio
8.79
▼ 68.16
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-3.4%
▼ 1.3pp
2025
lowest 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€4,562-€2,074▼ 54.5%€5,777▲ 178%€8,083▲ 39.9%-€8,836-€215▲ 97.6%€273-€1,532
Net result€3,224-€1,273▼ 60.5%€5,539within the sector's middle half▲ 335%€5,998within the sector's middle half▲ 8.3%-€10,824below the sector's middle half-€3,287within the sector's middle half▲ 69.6%-€2,894within the sector's middle half▲ 12.0%-€4,785below the sector's middle half▼ 65.3%
Equity€36,329-€37,602▲ 3.5%€43,141within the sector's middle half▲ 14.7%€49,139within the sector's middle half▲ 13.9%€38,315below the sector's middle half▼ 22.0%€35,028below the sector's middle half▼ 8.6%€32,134below the sector's middle half▼ 8.3%€27,349below the sector's middle half▼ 14.9%
Total assets€38,499-€40,190▲ 4.4%€153,733within the sector's middle half▲ 283%€154,606below the sector's middle half▲ 0.6%€143,943below the sector's middle half▼ 6.9%€138,789below the sector's middle half▼ 3.6%€138,630below the sector's middle half▼ 0.1%€139,541within the sector's middle half▲ 0.7%
Debt€2,169-€2,587▲ 19.3%€110,592▲ 43×€105,467▼ 4.6%€105,628▲ 0.2%€103,761▼ 1.8%€106,496▲ 2.6%€112,191▲ 5.3%
Working capital€36,329-€37,602▲ 3.5%€66,026within the sector's middle half▲ 75.6%€34,549within the sector's middle half▼ 47.7%€23,629within the sector's middle half▼ 31.6%€23,353within the sector's middle half▼ 1.2%€23,560within the sector's middle half▲ 0.9%€21,961within the sector's middle half▼ 6.8%
Solvency94.4%-93.6%▼ 0.8pp28.1%below the sector's middle half▼ 65.5pp31.8%within the sector's middle half▲ 3.7pp26.6%within the sector's middle half▼ 5.2pp25.2%within the sector's middle half▼ 1.4pp23.2%within the sector's middle half▼ 2.1pp19.6%within the sector's middle half▼ 3.6pp
Current ratio17.75-15.53▼ 2.217.34above the sector's middle half▼ 8.207.52above the sector's middle half▲ 0.195.25above the sector's middle half▼ 2.2735.51above the sector's middle half▲ 30.2676.95above the sector's middle half▲ 41.438.79above the sector's middle half▼ 68.16
Return on assets (ROA)8.4%-3.2%▼ 5.2pp3.6%within the sector's middle half▲ 0.4pp3.9%within the sector's middle half▲ 0.3pp-7.5%below the sector's middle half▼ 11.4pp-2.4%below the sector's middle half▲ 5.2pp-2.1%below the sector's middle half▲ 0.3pp-3.4%below the sector's middle half▼ 1.3pp
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 a loss of €1,532, after a profit of €273 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,541
Fixed assets
€114,759 =
Current assets
€24,781 ▲ 3.8%
Equity and liabilities €139,541
Equity
€27,349 ▼ 14.9%
Debt
€112,191 ▲ 5.3%
Debt's share of the balance-sheet total rises from 76.8% to 80.4%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
4.10▲
2024 · 3.31
ROE
-17.5%▼
2024 · -9.0%
Debt ≤ 1 year
€2,820▲
2024 · €310
Debt > 1 year
€100,000=
2024 · €100,000
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | - | - | €6.5m | - | - |
| Carrying value of the other pledged assets | - | - | €1,387 | - | - |
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 |
|---|---|---|---|---|---|
| Intangible fixed assets | €37,474 | - | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €205 | €76 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €4,633 | €2,313 | €5,803 | €8,287 | -€8,760 | €169 | €660 | -€1,133 | - |
| Operating profit (loss)9901 | €4,562 | €2,074 | €5,777 | €8,083 | -€8,836 | -€215 | €273 | -€1,532 | - |
| Financial charges65/66B | - | - | - | €2,085 | €1,988 | €3,072 | €3,166 | €3,252 | ▲ 2.7% |
| Recurring financial charges65 | €63 | €55 | €238 | €2,085 | €1,988 | €3,072 | €3,166 | €3,252 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €4,499 | €2,020 | €5,539 | €5,998 | -€10,824 | -€3,287 | -€2,894 | -€4,785 | ▼ 65.3% |
| Income taxes67/77 | €1,275 | €747 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €3,224 | €1,273 | €5,539 | €5,998 | -€10,824 | -€3,287 | -€2,894 | -€4,785 | ▼ 65.3% |
| Profit (loss) for the period to be appropriated9905 | €3,224 | €1,273 | €5,539 | €5,998 | -€10,824 | -€3,287 | -€2,894 | -€4,785 | ▼ 65.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €38,499 | €40,190 | €153,733 | €154,606 | €143,943 | €138,789 | €138,630 | €139,541 | ▲ 0.7% |
| Fixed assets21/28 | - | - | €77,285 | €114,759 | €114,759 | €114,759 | €114,759 | €114,759 | = |
| Intangible fixed assets21 | - | - | €77,285 | €114,759 | €114,759 | €114,759 | €114,759 | €114,759 | = |
| Current assets29/58 | €38,499 | €40,190 | €76,448 | €39,846 | €29,183 | €24,030 | €23,870 | €24,781 | ▲ 3.8% |
| Amounts receivable within one year40/41 | - | - | €14,976 | €30,117 | €22,792 | €22,643 | €22,500 | €43 | ▼ 99.8% |
| Trade receivables40 | - | - | - | €9,075 | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €21,042 | €22,792 | €22,643 | €22,500 | €43 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €38,499 | €40,190 | €61,472 | €9,729 | €6,391 | €1,387 | €1,370 | €24,738 | ▲ 18× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €38,499 | €40,190 | €153,733 | €154,606 | €143,943 | €138,789 | €138,630 | €139,541 | ▲ 0.7% |
| Equity10/15 | €36,329 | €37,602 | €43,141 | €49,139 | €38,315 | €35,028 | €32,134 | €27,349 | ▼ 14.9% |
| Contributions10/11 | €30,000 | €30,000 | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €6,329 | €7,602 | €13,141 | €19,139 | €8,315 | €8,315 | €8,315 | €8,315 | = |
| Distributable reserves133 | - | - | - | €19,139 | €8,315 | €8,315 | €8,315 | €8,315 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€3,287 | -€6,181 | -€10,966 | ▼ 77.4% |
| Amounts payable17/49 | €2,169 | €2,587 | €110,592 | €105,467 | €105,628 | €103,761 | €106,496 | €112,191 | ▲ 5.3% |
| Amounts payable after more than one year17 | - | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Financial debts170/4 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Amounts payable within one year42/48 | €2,169 | €2,587 | €10,422 | €5,297 | €5,554 | €677 | €310 | €2,820 | ▲ 809% |
| Trade debts44 | - | - | €9,796 | €5,297 | €5,554 | €677 | €310 | €2,820 | ▲ 809% |
| Suppliers440/4 | - | - | - | €5,297 | €5,554 | €677 | €310 | €2,820 | ▲ 809% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €170 | €74 | €3,085 | €6,186 | €9,371 | ▲ 51.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,224 | €1,273 | €5,539 | €5,998 | -€10,824 | -€3,287 | -€2,894 | -€4,785 | ▼ 65.3% |
| Operating cash flow (approximation) | €3,224 | €1,273 | €5,539 | €5,998 | -€10,824 | -€3,287 | -€2,894 | -€4,785 | ▼ 65.3% |
| Investment in fixed assets (approximation) | - | - | - | -€37,474 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1,691 | €21,282 | -€51,743 | -€3,338 | -€5,005 | -€17 | €23,368 | - |
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, 2,166 companies had the same profile as AUDITRY has now. Two years later, 94.1% were still going and 2.5% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
94.1%
was still going
3.0%
stopped otherwise
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AUDITRY itself is lower: 0.1% within 12 months. It rests on far more data about AUDITRY than the profile alone.
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 2,166 companies, not a prediction for AUDITRY. 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 | abbreviated format | 28-07-2026 | 2026-00360741 | |
| 31-12-2024 | abbreviated format | 25-07-2025 | 2025-00343723 | |
| 31-12-2023 | abbreviated format | 29-07-2024 | 2024-00324221 | |
| 31-12-2022 | abbreviated format | 30-05-2023 | 2023-00098307 | |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20101935 | |
| 31-12-2020 | micro format | 01-06-2021 | 2021-16800358 | |
| 31-12-2019 | micro format | 06-08-2020 | 2020-39500193 | |
| 31-12-2018 | abbreviated format | 04-06-2019 | 2019-15700302 | |
| 31-12-2017 | abbreviated format | 29-05-2018 | 2018-14600261 | |
| 31-12-2016 | abbreviated format | 16-05-2017 | 2017-12300227 |