BEDMAN
ActiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 21-07-2026 at the NBB all 6 filings
Turnover
≈ €190,000
Estimated: probably between €140,000 and €330,000
Total assets
€526,908▲ 3.3%
2025 · €510,312
Net result
€55,257▲ 120%
2025 · €25,143
Working capital
-€298,673▼ 11.3%
2025 · -€268,374
Multi-year overview
2021 to 2026, 6 financial yearsOperating result
€71,715
▲ 102%
2026
20212026
Net result
€55,257
▲ 120%
2026
20212026
Equity
€164,804
▲ 25.3%
2026
20212026
Total assets
€526,908
▲ 3.3%
2026
20212026
Debt
€362,104
▼ 4.4%
2026
20212026
Working capital
-€298,673
▼ 11.3%
2026
20212026
Solvency
31.3%
▲ 5.5pp
2026
20212026
Current ratio
0.06
▲ 0.02
2026
20212026
Return on assets (ROA)
10.5%
▲ 5.6pp
2026
20212026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023202420252026
Operating result€13,214-€22,772▲ 72.3%€7,160▼ 68.6%€31,071▲ 334%€35,446▲ 14.1%€71,715▲ 102%
Net result€92,517within the sector's middle half-€15,790within the sector's middle half▼ 82.9%€2,598within the sector's middle half▼ 83.5%€22,499within the sector's middle half▲ 766%€25,143within the sector's middle half▲ 11.8%€55,257▲ 120%
Equity€112,517within the sector's middle half-€113,307within the sector's middle half▲ 0.7%€115,905within the sector's middle half▲ 2.3%€116,404within the sector's middle half▲ 0.4%€131,548within the sector's middle half▲ 13.0%€164,804▲ 25.3%
Total assets€558,779within the sector's middle half-€533,608within the sector's middle half▼ 4.5%€516,891within the sector's middle half▼ 3.1%€513,812within the sector's middle half▼ 0.6%€510,312within the sector's middle half▼ 0.7%€526,908▲ 3.3%
Debt€446,262-€420,301▼ 5.8%€400,986▼ 4.6%€397,408▼ 0.9%€378,765▼ 4.7%€362,104▼ 4.4%
Working capital-€146,324below the sector's middle half--€178,141below the sector's middle half▼ 21.7%-€197,801below the sector's middle half▼ 11.0%-€247,929below the sector's middle half▼ 25.3%-€268,374below the sector's middle half▼ 8.2%-€298,673▼ 11.3%
Solvency20.1%within the sector's middle half-21.2%within the sector's middle half▲ 1.1pp22.4%within the sector's middle half▲ 1.2pp22.7%within the sector's middle half▲ 0.2pp25.8%within the sector's middle half▲ 3.1pp31.3%▲ 5.5pp
Current ratio0.07below the sector's middle half-0.01below the sector's middle half▼ 0.060.00below the sector's middle half▼ 0.010.05below the sector's middle half▲ 0.050.04below the sector's middle half▼ 0.010.06▲ 0.02
Return on assets (ROA)16.6%within the sector's middle half-3.0%within the sector's middle half▼ 13.6pp0.5%within the sector's middle half▼ 2.5pp4.4%within the sector's middle half▲ 3.9pp4.9%within the sector's middle half▲ 0.5pp10.5%▲ 5.6pp
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 2026 is 102% higher than in 2025 and the highest since 2022. It is the third rise in a row, after the fall in 2023.
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
2026 in colour, 2025 as the grey bar beneath
Assets €526,908
Fixed assets
€508,455 ▲ 1.8%
Current assets
€18,453 ▲ 70.7%
Equity and liabilities €526,908
Equity
€164,804 ▲ 25.3%
Debt
€362,104 ▼ 4.4%
Debt's share of the balance-sheet total falls from 74.2% to 68.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,687
Cash flow
€56,228
Debt to equity
2.20▼
2025 · 2.88
ROE
33.5%▲
2025 · 19.1%
Interest coverage
17.60
Debt ≤ 1 year
€317,126▲
2025 · €279,186
Debt > 1 year
€44,979▼
2025 · €99,579
Income taxes
€12,330▲
2025 · €5,903
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | €9,500 | - |
| Depreciation and write-downs of the year | €15,321 | €15,321 | €15,321 | - | €971 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,151 | €15,321 | €15,321 | €15,321 | - | €971 | - |
| Other operating charges640/8 | - | €914 | €819 | €1,185 | €490 | €520 | ▲ 6.0% |
| Gross operating margin9900 | €36,093 | €39,007 | €23,300 | €47,576 | €35,937 | €73,206 | ▲ 104% |
| Operating profit (loss)9901 | €13,214 | €22,772 | €7,160 | €31,071 | €35,446 | €71,715 | ▲ 102% |
| Financial income75/76B | - | €10 | - | €4 | €473 | - | - |
| Recurring financial income75 | €92,001 | €10 | - | €4 | €473 | - | - |
| Financial charges65/66B | - | €1,785 | €1,238 | €2,911 | €4,873 | €4,129 | ▼ 15.3% |
| Recurring financial charges65 | €9,028 | €1,785 | €1,238 | €2,911 | €4,873 | €4,129 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €96,188 | €20,996 | €5,923 | €28,164 | €31,046 | €67,586 | ▲ 118% |
| Income taxes67/77 | €3,671 | €5,207 | €3,325 | €5,665 | €5,903 | €12,330 | ▲ 109% |
| Profit (loss) for the period9904 | €92,517 | €15,790 | €2,598 | €22,499 | €25,143 | €55,257 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €92,517 | €15,790 | €2,598 | €22,499 | €25,143 | €55,257 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €558,779 | €533,608 | €516,891 | €513,812 | €510,312 | €526,908 | ▲ 3.3% |
| Fixed assets21/28 | €547,453 | €532,132 | €516,811 | €501,491 | €499,500 | €508,455 | ▲ 1.8% |
| Tangible fixed assets22/27 | €57,453 | €42,132 | €26,811 | €11,491 | - | €8,955 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | €5,626 | - |
| Furniture and vehicles24 | - | - | - | - | - | €3,329 | - |
| Leasing and similar rights25 | - | €42,132 | €26,811 | €11,491 | - | - | - |
| Financial fixed assets28 | €490,000 | €490,000 | €490,000 | €490,000 | €499,500 | €499,500 | = |
| Current assets29/58 | €11,327 | €1,476 | €80 | €12,322 | €10,812 | €18,453 | ▲ 70.7% |
| Amounts receivable within one year40/41 | €8,577 | - | - | €5,000 | €4,291 | €18,249 | ▲ 325% |
| Other amounts receivable41 | - | - | - | €5,000 | €4,291 | €18,249 | ▲ 325% |
| Cash at bank and in hand54/58 | €2,750 | €1,476 | €80 | €7,322 | €6,522 | €204 | ▼ 96.9% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €558,779 | €533,608 | €516,891 | €513,812 | €510,312 | €526,908 | ▲ 3.3% |
| Equity10/15 | €112,517 | €113,307 | €115,905 | €116,404 | €131,548 | €164,804 | ▲ 25.3% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €92,517 | €93,307 | €95,905 | €96,404 | €111,548 | €144,804 | ▲ 29.8% |
| Amounts payable17/49 | €446,262 | €420,301 | €400,986 | €397,408 | €378,765 | €362,104 | ▼ 4.4% |
| Amounts payable after more than one year17 | €288,611 | €240,684 | €203,105 | €137,158 | €99,579 | €44,979 | ▼ 54.8% |
| Financial debts170/4 | - | €240,684 | €203,105 | €137,158 | €99,579 | €44,979 | ▼ 54.8% |
| Amounts payable within one year42/48 | €157,651 | €179,617 | €197,881 | €260,250 | €279,186 | €317,126 | ▲ 13.6% |
| Current portion of amounts payable after more than one year42 | - | €52,814 | €42,298 | €58,511 | €54,600 | €54,600 | = |
| Trade debts44 | €243 | €1,503 | €1,247 | €2,866 | €1,638 | €10,642 | ▲ 550% |
| Suppliers440/4 | - | €1,503 | €1,247 | €2,866 | €1,638 | €10,642 | ▲ 550% |
| Taxes, remuneration and social security45 | - | €6,809 | €39,592 | €11,340 | €4,286 | €9,281 | ▲ 117% |
| Taxes450/3 | - | €6,809 | €39,592 | €11,340 | €4,286 | €9,281 | ▲ 117% |
| Other amounts payable47/48 | - | €118,491 | €114,745 | €187,533 | €218,662 | €242,603 | ▲ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,517 | €15,790 | €2,598 | €22,499 | €25,143 | €55,257 | ▲ 120% |
| + Depreciation and write-downs630 | €19,151 | €15,321 | €15,321 | €15,321 | - | €971 | - |
| Operating cash flow (approximation) | €111,668 | €31,111 | €17,919 | €37,820 | €25,143 | €56,228 | ▲ 124% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €1,991 | -€9,927 | - |
| Change in cash | - | -€1,274 | -€1,396 | €7,242 | -€800 | -€6,318 | ▼ 690% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 21-07-2026 | 2026-00313952 | |
| 31-03-2025 | abbreviated format | 05-08-2025 | 2025-00358675 | |
| 31-03-2024 | abbreviated format | 09-08-2024 | 2024-00336879 | |
| 31-03-2023 | abbreviated format | 03-07-2023 | 2023-00189101 | |
| 31-03-2022 | abbreviated format | 17-08-2022 | 2022-20290888 | |
| 31-03-2021 | abbreviated format | 28-07-2021 | 2021-41300101 |