b-inside
ActiveSummary
b-inside has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €494,738. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 29% of 1431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-26
Solvency39▼-16
Growth73▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.96 in 2024; short-term debt: 23.1% and cash: 7% of total assets), and 85.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.1%
Return on assets
3.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
87 d early
2023
96 d early
2022
94 d early
2021
51 d early
2020
29 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 56 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Waregem, Telecoms and IT sector#4 company by total assets in Waregem, Telecoms and IT sector#9 company by equity in Waregem, Telecoms and IT sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€11.6m▲ 16.4%
2023 · €9.9m
EBIT margin
9.3%▲ 3.3pp
2023 · 6.0%
Net result
€494,738▼ 11.8%
2024 · €560,853
Working capital
€271,718▼ 82.0%
2024 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€8.2m€9.6m▲ 16.1%€9.9m▲ 4.0%€11.6m
Operating result-€304,007€749,138€592,516▼ 20.9%€831,594▲ 40.3%€1.1m▲ 29.2%
Net result-€445,380€506,900€369,407▼ 27.1%€560,853▲ 51.8%€494,738▼ 11.8%
EBIT margin-3.7%7.8%▲ 11.5pp6.0%▼ 1.9pp9.3%
Equity€1.0m▼ 57.1%€1.6m▲ 48.3%€725,543▼ 53.4%€1.3m▲ 77.3%€1.8m▲ 38.5%
Total assets€5.1m▼ 2.1%€4.7m▼ 7.4%€5.1m▲ 7.2%€4.3m▼ 14.8%€12.6m▲ 193%
Debt€4.1m▲ 46.5%€3.2m▼ 21.9%€4.3m▲ 36.9%€3.0m▼ 30.2%€10.9m▲ 258%
Working capital€774,863▼ 19.6%€1.5m▲ 98.4%€954,336▼ 37.9%€1.5m▲ 57.9%€271,718▼ 82.0%
Staff (FTE)39.1▲ 19.9%40.9▲ 4.6%41.2▲ 0.7%42.8▲ 3.9%43.9▲ 2.6%
Why a figure moved sharply
- 2025 Total assets +193% on 2024. Cause not known from the registers.
- 2024 Net result +52% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
- 2024 Equity +77% on 2023. Cause not known from the registers.
- 2023 Equity -53% on 2022. Cause not known from the registers.
- 2021 Equity -57% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.6m
Fixed assets
€9.4m ▲ 666%
Current assets
€3.2m ▲ 3.5%
Equity and liabilities €12.6m
Equity
€1.8m ▲ 38.5%
Debt
€10.9m ▲ 258%
Debt's share of the balance-sheet total rises from 70.2% to 85.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €1.2m
Cash flow
€793,012▼
2024 · €880,176
Current ratio
1.09▼
2024 · 1.96
Quick ratio
1.03▼
2024 · 1.86
Debt to equity
6.10▲
2024 · 2.36
ROE
27.8%▼
2024 · 43.6%
ROA
3.9%▼
2024 · 13.0%
Interest coverage
3.74▼
2024 · 13.88
Debt ≤ 1 year
€2.9m▲
2024 · €1.6m
Debt > 1 year
€6.8m▲
2024 · €464,567
Income taxes
€211,808▼
2024 · €217,330
Staff costs
€3.9m▲
2024 · €3.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.6m | €9.7m | €10.2m | - | €11.9m | - |
| Turnover70 | €8.2m | €9.6m | €9.9m | - | €11.6m | - |
| Other operating income74 | €159,241 | €143,396 | €209,816 | - | €259,743 | - |
| Non-recurring operating income76A | €244,136 | €10,849 | €10,915 | €4,653 | €23,245 | ▲ 400% |
| Operating charges60/66A | €8.9m | €9.0m | €9.6m | - | €10.8m | - |
| Goods for resale, raw materials and consumables60 | €3.3m | €3.9m | €3.6m | - | €4.2m | - |
| Purchases600/8 | €3.4m | €4.0m | €3.5m | - | €4.2m | - |
| Change in stocks: decrease (increase)609 | -€41,059 | -€96,652 | €32,931 | - | -€28,947 | - |
| Services and other goods61 | €1.4m | €1.6m | €1.9m | - | €2.3m | - |
| Remuneration, social security and pensions62 | €2.6m | €3.0m | €3.4m | €3.5m | €3.9m | ▲ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €326,648 | €390,976 | €374,050 | €319,324 | €298,274 | ▼ 6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€4,781 | -€6,021 | €327,253 | €31,058 | -€42,593 | ▼ 237% |
| Other operating charges640/8 | €54,810 | €36,623 | €34,370 | €34,066 | €89,600 | ▲ 163% |
| Non-recurring operating charges66A | €1.2m | €59,251 | - | €62,600 | €29,127 | ▼ 53.5% |
| Gross operating margin9900 | - | - | - | €4.8m | - | - |
| Operating profit (loss)9901 | -€304,007 | €749,138 | €592,516 | €831,594 | €1.1m | ▲ 29.2% |
| Financial income75/76B | €12,662 | €13,288 | €8,446 | €29,479 | €19,267 | ▼ 34.6% |
| Recurring financial income75 | €12,662 | €13,288 | €8,446 | €29,479 | €19,267 | ▼ 34.6% |
| Income from financial fixed assets750 | - | - | €1,635 | - | - | - |
| Income from current assets751 | - | - | - | - | €10,376 | - |
| Other financial income752/9 | €12,662 | €13,288 | €6,811 | - | €8,891 | - |
| Financial charges65/66B | €44,195 | €32,284 | €52,484 | €82,891 | €387,461 | ▲ 367% |
| Recurring financial charges65 | €44,195 | €32,284 | €52,484 | €82,891 | €387,461 | ▲ 367% |
| Debt charges650 | €18,919 | €16,575 | €38,935 | - | €367,239 | - |
| Other financial charges652/9 | €25,276 | €15,709 | €13,548 | - | €20,222 | - |
| Profit (loss) for the period before taxes9903 | -€335,541 | €730,142 | €548,479 | €778,183 | €706,546 | ▼ 9.2% |
| Income taxes67/77 | €109,840 | €223,242 | €179,072 | €217,330 | €211,808 | ▼ 2.5% |
| Taxes670/3 | €251,801 | €223,242 | €179,072 | - | €211,808 | - |
| Tax adjustments and reversals of tax provisions77 | €141,961 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€445,380 | €506,900 | €369,407 | €560,853 | €494,738 | ▼ 11.8% |
| Profit (loss) for the period to be appropriated9905 | -€445,380 | €506,900 | €369,407 | €560,853 | €494,738 | ▼ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.1m | €4.7m | €5.1m | €4.3m | €12.6m | ▲ 193% |
| Fixed assets21/28 | €2.0m | €1.7m | €1.4m | €1.2m | €9.4m | ▲ 666% |
| Intangible fixed assets21 | €562,246 | €431,746 | €309,865 | €177,984 | €62,947 | ▼ 64.6% |
| Tangible fixed assets22/27 | €1.5m | €1.3m | €1.1m | €1.1m | €886,952 | ▼ 16.0% |
| Land and buildings22 | €1.0m | €933,424 | €838,396 | €761,807 | €680,711 | ▼ 10.6% |
| Plant, machinery and equipment23 | €82,506 | €66,893 | €136,813 | €156,936 | €136,758 | ▼ 12.9% |
| Furniture and vehicles24 | €218,004 | €208,556 | €106,899 | €113,772 | €69,483 | ▼ 38.9% |
| Leasing and similar rights25 | €140,299 | €66,435 | €42,450 | €23,815 | €0 | ▼ 100% |
| Financial fixed assets28 | €3,800 | - | - | - | €8.5m | - |
| Affiliated companies280/1 | - | - | - | - | €8.5m | - |
| Participating interests280 | - | - | - | - | €8.5m | - |
| Other financial fixed assets284/8 | €3,800 | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €3,800 | - | - | - | - | - |
| Current assets29/58 | €3.1m | €3.0m | €3.6m | €3.1m | €3.2m | ▲ 3.5% |
| Stocks and contracts in progress3 | €182,104 | €260,559 | €227,628 | €156,268 | €185,214 | ▲ 18.5% |
| Stocks30/36 | €182,104 | €260,559 | €227,628 | €156,268 | €185,214 | ▲ 18.5% |
| Goods purchased for resale34 | €182,104 | €260,559 | €227,628 | - | €185,214 | - |
| Amounts receivable within one year40/41 | €1.6m | €2.0m | €1.9m | €1.9m | €1.7m | ▼ 9.0% |
| Trade receivables40 | €1.5m | €2.0m | €1.6m | €1.8m | €1.7m | ▼ 5.3% |
| Other amounts receivable41 | €179,657 | €57,753 | €255,316 | €159,159 | €81,694 | ▼ 48.7% |
| Current investments50/53 | - | - | €750,608 | €250,000 | €0 | ▼ 100% |
| Other investments51/53 | - | - | €750,608 | - | €0 | - |
| Cash at bank and in hand54/58 | €1.0m | €364,058 | €430,748 | €372,109 | €884,566 | ▲ 138% |
| Deferred charges and accrued income490/1 | €260,593 | €357,165 | €353,932 | €390,929 | €377,236 | ▼ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.1m | €4.7m | €5.1m | €4.3m | €12.6m | ▲ 193% |
| Equity10/15 | €1.0m | €1.6m | €725,543 | €1.3m | €1.8m | ▲ 38.5% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €925,236 | €1.4m | €601,543 | €1.2m | €1.7m | ▲ 42.6% |
| Tax-exempt reserves132 | €20,017 | €20,017 | €20,017 | €20,017 | €20,017 | = |
| Distributable reserves133 | €905,219 | €1.4m | €581,526 | €1.1m | €1.6m | ▲ 43.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €4.1m | €3.2m | €4.3m | €3.0m | €10.9m | ▲ 258% |
| Amounts payable after more than one year17 | €1.1m | €839,056 | €597,718 | €464,567 | €6.8m | ▲ 1,367% |
| Financial debts170/4 | €1.1m | €839,056 | €597,718 | €464,567 | €6.8m | ▲ 1,367% |
| Subordinated loans170 | - | - | - | - | €3.2m | - |
| Leasing and similar obligations172 | €60,481 | €29,367 | - | - | - | - |
| Credit institutions173 | €1.1m | €809,689 | €597,718 | - | €3.6m | - |
| Amounts payable within one year42/48 | €2.3m | €1.5m | €2.7m | €1.6m | €2.9m | ▲ 85.1% |
| Current portion of amounts payable after more than one year42 | €340,018 | €371,970 | €262,591 | €133,151 | €1.0m | ▲ 685% |
| Financial debts43 | €180,070 | €81,752 | €60,000 | €500,000 | €633,000 | ▲ 26.6% |
| Credit institutions430/8 | - | €81,752 | €60,000 | €0 | - | - |
| Other loans439 | €180,070 | - | - | €500,000 | €633,000 | ▲ 26.6% |
| Trade debts44 | €311,657 | €563,399 | €739,247 | €471,190 | €497,525 | ▲ 5.6% |
| Suppliers440/4 | €311,657 | €563,399 | €739,247 | €471,190 | €497,525 | ▲ 5.6% |
| Taxes, remuneration and social security45 | €532,452 | €466,384 | €418,126 | €472,418 | €742,293 | ▲ 57.1% |
| Taxes450/3 | €99,264 | €143,495 | €63,944 | €112,467 | €243,542 | ▲ 117% |
| Remuneration and social security454/9 | €433,188 | €322,890 | €354,182 | €359,951 | €498,751 | ▲ 38.6% |
| Other amounts payable47/48 | €950,000 | - | €1.2m | €0 | - | - |
| Accrued charges and deferred income492/3 | €629,649 | €849,028 | €1.1m | €989,915 | €1.1m | ▲ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€445,380 | €506,900 | €369,407 | €560,853 | €494,738 | ▼ 11.8% |
| + Depreciation and write-downs630 | €326,648 | €390,976 | €374,050 | €319,324 | €298,274 | ▼ 6.6% |
| Operating cash flow (approximation) | -€118,732 | €897,876 | €743,456 | €880,176 | €793,012 | ▼ 9.9% |
| Investment in fixed assets (approximation) | - | -€79,507 | -€101,418 | -€119,215 | -€8.5m | ▼ 7,042% |
| Change in cash | - | -€647,057 | €66,690 | -€58,639 | €512,457 | ▲ 974% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
State Gazette act
RestructuringPermanent representatives: Arthur De Veene and Jan De Veene · Merger · Shareholding43 facts ▸
State Gazette act
Restructuring
Permanent representatives: Arthur De Veene and Jan De Veene · Merger · Shareholding43 facts ▸
- Merger, fusie door overneming gelijkgestelde verrichting, gehele vermogen,rechten en verplichtingen
- Merger, fusie door overneming gelijkgestelde verrichting, gehele vermogen,rechten en verplichtingen
- Merger, fusie door overneming gelijkgestelde verrichting, gehele vermogen,rechten en verplichtingen
- Other statement, gehele vermogen door ontbinding zonder vereffening op andere vennootschap wanneer alle aandelen en stemrechtverlenende effecten in handen van die vennootschap o…
- Other statement, artikel 12:50 WVV fusievoorstel inhoud en neerlegging, ter griffie ondernemingsrechtbank zetel
- Other statement, juridische en bedrijfseconomische motivering fusie, aandelen JADE INFORMATICS BV,MAPA BV en MINDMERGE BV in handen van B-INSIDE BV
- Shareholding, 750
- Shareholding, 750
- Shareholding, 100
- Incorporation, 09-07-1986
- Capital
- Other statement, inschrijving rechtspersonenregister, Gent afdeling Kortrijk
- +31 further facts in this act
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.3m ▲77.3%
3 profitable years in a row build equity to €1.3m.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €506,900
Net result €506,900 after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€445,380
Net result drops to -€445,380, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €823,190 ▲91.2%
Operating result €1.1m, net result €823,190, both a record.
31-12
Financial
Equity above €2mEq €2.4m ▲49%
3 profitable years in a row build equity to €2.4m.
Show earlier events
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1986
Ground area
2,924 m²
Building footprint
175 m²
Volume, LiDAR
744 m³
Parcel 34006A0139/00G007, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Grote Heerweg 75-77, 8791 Waregem
since 19862.036.082.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0139/00G007 | Flanders | 2,924 m² | 1 · 175 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Duration
Unlimited
Registered office clause
Grote Heerweg 75,8791 Waregem
Other statement
3 provisions in the deed
Structure & network
Owners and holdings
1 owner · 3 holdingsChain of control
- BI GROUP
- b-inside
Highest known parent: BI GROUP. The sources do not say who stands above it.
Owners 1
- BI GROUPparentSourceaccounts BI GROUP 2023100%
Holdings 3
- JADE INFORMATICSsubsidiaryEquity €304,730Result €322,094100%
-
100%
-
100%
According to the 2025 annual accounts of b-inside and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
3 transactionsCapital and shareholders
Capital over the years
- 27-08-2026 Capital stated in the act · 4,000 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 232,760 EUR awarded · 188,473 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 5,185 EUR | 4,811 EUR |
| 2024 | 3 | 9,301 EUR | 93,151 EUR |
| 2023 | 2 | 215,791 EUR | 88,028 EUR |
| 2022 | 2 | 2,483 EUR | 2,483 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400V7EIR30LUJ3674
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Identification & contact
Identification
Legal formPrivate limited company
Founded09-07-1986
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429288445
Also
9925:BE0429288445
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.