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BITSOFDATA

Absorbed by GEO SOLUTIONS KBO/BCE: BE 0687.534.812 subsidiary of De Cronos Groep NV
BITSOFDATA
Follow Report

Overview

Lifetime

4 annual accounts with figures on one time axis
peak €165,325 (2020)
€20,300▼ 80.0%
peak €52,305 (2020)
€16,073▼ 62.7%
peak €184,615 (2022)
€184,615▲ 9.5%
€257,537▲ 33.5%
peak 2.1 FTE (2019)
-not published
Board9 names since 2018
2 directorsCoodeR BV and 1 other
Owners2 names in the annual accounts
100%GeoSquare Experts
Documentsfilings and deeds
03-07-202328 days before the deadline
2022abbreviated format
Gross margin from €101,723 to €20,300Result from €43,063 to €16,073Debts from €192,914 to €257,537Investments €3,816Cash from €112,709 to €49,740

Key points

from the 2022 annual accounts, the last ones filed

Filings

4 annual accounts 2 late
AprilJune31 JulyOctober2019202020212022

The 2020 accounts came latest: 6 days after the end of the period.

No score

Board and ownership

CB
CoodeR BV
Director, Martine de Ruijter, since 12-04-2021
TB
Twende BV
Director, Rombout Verwimp, since 12-04-2021
KB
KPMG Bedrijfsrevisoren CVBA
Auditor, Filip De Bock
Board & ownership

Recent changes

Merger: absorbed by GEO SOLUTIONS Dissolution of the company · Dissolved without liquidation on 30-06-2023 · General meeting of 30-06-2023 · Gazette deed
Merger proposal: to be absorbed by Geo Solutions Permanent representatives: Dirk Lambrechts, Martine De Ruijter and Rombout Verwimp · Name change: Geo Solutions · Geo Square NV holds 5,672 shares · Gazette deed
Amendment of the articles Capital of €62,000, 6,200 shares · General meeting of 21-10-2021 · Gazette deed
5 directors appointed, 5 resignations Resignations: De Cronos Groep NV, Geo Square NV, Josephus de Wit, Benoit Graulich and Bert Godefroid · Permanent representatives: Dirk Deroost, Dirk Lambrechts, Martine de Ruijter and Rombout Verwimp · Appointments: Benoit Graulich, Bert Godefroid, CoodeR BV, Geo Square NV and Twende BV · General meeting of 12-04-2021 · Gazette deed
All 14 events

Official details

Source: KBO
Status
Absorbed by GEO SOLUTIONSmerger by absorption, August 2023
Activity
“Het rechtstreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te…” (deed in Dutch)From the articles, 12 activitiesNo NACE code in the KBO yet
Joint committees
200Auxiliary committee for white-collar workers
100Auxiliary committee for blue-collar workers · annual accounts 2021
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2022

€449,017
€16,073▼ 62.7%
€184,615▲ 9.5%
€442,152▲ 22.3%
≈ 0 FTEestimated
Filing
Filed on 03-07-2023
Financials

Insights on BITSOFDATA

Absorbed by GEO SOLUTIONS in August 2023. The last annual accounts are for financial year 2022. The company was dissolved without liquidation on 30-06-2023.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2022

abbreviated format, filed on 03-07-2023, 28 days before the deadline
€449,017
€18,152
▼ 68.2%
€19,019
▼ 67.2%
€16,941
▼ 61.4%
41.8%
▼ 4.9 percentage points
1.10
▲ 0.03

Money flows

of every €100 of turnover, €3.58 remains as profit in 2022

Balance sheet

balance sheet total €442,152 on 31-12-2022
What the company ownsHow it is paid for

in euro

in euro

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2022202120202019
Balance sheet: assets
20/58 442,152361,456237,156157,318
21/28 158,241155,2926471,219
22/27 1,7732,6406471,219
23 1,7732,6406471,219
28 156,469152,653--
29/58 283,911206,163236,509156,099
40/41 234,17193,159224,957142,778
40 201,34290,976106,26854,740
41 32,8292,183118,68988,037
54/58 49,740112,70910,28611,669
490/1 -2951,2651,652
Balance sheet: equity and liabilities
10/49 442,152361,456237,156157,318
10/15 184,615168,541125,47973,174
10/11 62,00062,00062,00062,000
10 62,00062,000--
100 62,00062,00062,00062,000
13 122,500106,50063,2006,200
130/1 6,2006,2006,200-
130 6,2006,2006,2006,200
133 116,300100,30057,000-
14 115412794,974
17/49 257,537192,914111,67784,144
42/48 257,537192,914111,67784,144
44 257,53796,78272,27966,916
440/4 257,53796,78272,27966,916
45 -20,98039,39817,229
450/3 -20,98027,2366,880
454/9 --12,16210,349
47/48 -75,152--
Income statement
70 449,017-256,791395,482
9900 20,300101,723165,325100,704
60/61 436,540-105,945297,954
62 44242,26588,57877,775
630 8678415721,590
640/8 8401,5519201,862
9901 18,15257,06575,25619,477
75/76B 3,8162,84814088
75 3,8162,84814088
65/66B 4362,1222,7351,512
65 4362,1222,7351,512
9903 21,53357,79172,66118,053
67/77 5,45914,72920,3566,880
9904 16,07343,06352,30511,174
9905 16,07343,06352,30511,174
Appropriation of the result
9906 16,11543,34157,27911,174
14P 41279--
691/2 16,00043,30057,0006,200
6920 ---6,200
6921 16,00043,30057,000-
Social balance sheet
9087 -0.722.1
Hours worked1013 -1,4823,2753,086
Document PDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2022 (PDF), filed on 03-07-2023.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2022 abbreviated format 03-07-2023 2023-00198791 PDF
31-12-2021 abbreviated format 01-08-2022 2022-20254236 PDF
31-12-2020 abbreviated format 06-08-2021 2021-46600238 PDF
31-12-2019 abbreviated format 13-07-2020 2020-29100594 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2022202120202019
19,01957,90675,82821,067
16,94143,90452,87812,763
3,816155,48701,717
-62,969102,423-1,383-
26,37413,249124,83271,954
4.0%-29.3%4.9%
41.8%46.6%52.9%46.5%
1.101.072.121.86
1.391.140.891.15
8.7%25.6%41.7%15.3%
3.6%11.9%22.1%7.1%
43.6627.29--
164 days-151 days51 days
215 days-249 days82 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-2021
0.7
Joined0
Left1

Source: social balance sheet in the 2021 annual accounts

Investments

fixed assets acquired
Item20222021
Tangible fixed assets-€2,834
Financial fixed assets€3,816€152,653
€867€841

Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)

Insights on BITSOFDATA

The operating result for 2022 is 68% lower than in 2021 and the lowest since 2019. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 53.4% to 58.2%. Equity and debt are higher.

Board & ownership

Last board

2 directors, 1 auditor, no change since 2021
CoodeR BV
Director, permanent representative Martine de Ruijter
since 12-04-2021 term until 10-06-2027
listed in the 2022 annual accounts, filed on 03-07-2023
Twende BV
Director, permanent representative Rombout Verwimp
since 12-04-2021 term until 10-06-2027
listed in the 2022 annual accounts, filed on 03-07-2023
KPMG Bedrijfsrevisoren CVBA
Statutory auditor, permanent representative Filip De Bock
appointed by deed of 03-12-2020
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“De Raad van Bestuur bestaat uit volgende leden: •Geo Square NV, voormeld, met als vaste vertegenwoordiger Dirk Lambrechts, voormeld…”
deed of 12-05-2023
Permanent representatives 2
Martine de Ruijter
Permanent representative, for CoodeR BV
appointed by deed of 17-05-2021
Rombout Verwimp
Permanent representative, for Twende BV
appointed by deed of 17-05-2021

Office holders in the KBO →

Mandates through the years

9 names, the dashed line is today
CoodeR BV
Director
Twende BV
Director
KPMG Bedrijfsrevisoren CVBA
Statutory auditor
Benoit Graulich
Director
Bert Godefroid
Director
De Cronos Groep
Director
GEO SQUARE
Director
Josephus de Wit
Director
Ernst & Young Bedrijfsrevisoren
Statutory auditor
BoardEarlierRest of the term
Mandates as a list
  • CoodeR BV
    • Director, from 12-04-2021 to date
  • Twende BV
    • Director, from 12-04-2021 to date
  • KPMG Bedrijfsrevisoren CVBA
    • Statutory auditor, from 02-10-2020 to date
  • Benoit Graulich
    • Director, appointed by deed of 17-05-2021, until 17-05-2021
  • Bert Godefroid
    • Director, appointed by deed of 17-05-2021, until 17-05-2021
  • De Cronos Groep
    • Director, from 03-01-2018 to 17-05-2021
  • GEO SQUARE
    • Director, appointed by deed of 08-01-2018, until 17-05-2021
  • Josephus de Wit
    • Director, from 03-01-2018 to 17-05-2021
  • Ernst & Young Bedrijfsrevisoren
    • Statutory auditor, appointed by deed of 08-01-2018, until 03-12-2020

See the board, name and registered office on a given date →

Control

Consolidating parent
De Cronos Groep NV
Equity €47.8m
Loss €11,519 in 2026 (profit €10,753 in 2025)
Source: parent in own accounts 2020
consolidates
This company
BITSOFDATA
Equity €184,615
Profit €16,073 in 2022

Capital

Capital
€62,000
Shares
6,200
Contribution per share
€10
Equity per share
€29.78 in 2022
Source
deed of 12-05-2023

Owners through the years

as the annual accounts name them
GeoSquare Experts
80%100%
100%
De Cronos Groep
consolidates
consolidates until 2020
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts

Articles of association

deed of 24-11-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Raad kan voorzitter benoemen onder leden;bij ontstentenis of afwezigheid waarneming door aangeduide aanwezige bestuurder, raad van bestuur”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Thursday of June at 12:30
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Ontbinding in bij wet bepaalde gevallen, te allen tijde door besluit algemene vergadering beraadslagend zoals wet vereist”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Alle machten artikel 2:87 Wetboek van vennootschappen en verenigingen zonder bijzondere machtiging, desgevallend een of meer benoemd door…”
“Algemene vergadering kan te allen tijde bevoegdheden bij gewone meerderheid beperken”

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 12-05-2023 ↗
Capital over time
  1. 12-05-2023 Capital stated in 2 deeds · €62,000 · 6,200 shares

Network & group

Parent

De Cronos Groep NV
0467.132.994 · equity €47.8m · loss €11,519 (2026)

Earlier ties

Aptus
via GEO SQUARE, at BITSOFDATA until 2021 · Managing director · deed of 22-10-2026
founded in 2015 · negative equity (2025) · group Geo Investment Square
 3.3 FTE (2025)
i-Move
via GEO SQUARE, at BITSOFDATA until 2021 · Director · deed of 05-11-2026
founded in 2006 · group Geo Investment Square
 turnover €899,513 (2025)
Localyse Group
via GEO SQUARE, at BITSOFDATA until 2021 · Director · deed of 30-10-2026
founded in 2019 · group Geo Investment Square
 turnover €9.6m (2025)
LOCALYSE
via GEO SQUARE, at BITSOFDATA until 2021 · Director · deed of 30-10-2026
founded in 2009 · group Geo Investment Square
 2 FTE (2025)
Geo Solutions Sud
via GEO SQUARE, at BITSOFDATA until 2021 · Director · deed of 30-10-2026
founded in 2013 · group Geo Investment Square
 7.3 FTE (2025)
Amigo Services
via GEO SQUARE, at BITSOFDATA until 2021 · Director · deed of 08-01-2018
No longer active
 8.5 FTE (2022)
Show 1 more earlier tie
Locus Services
via GEO SQUARE, at BITSOFDATA until 2021 · Director · deed of 08-01-2018
No longer active
 4.9 FTE (2022)

Acquisitions and mergers

1 transaction
Taken over by:GEO SOLUTIONS
BE 0888.908.493operation treated as a merger by absorption · Gazette deed of 09-08-2023 (4 deeds)

Connections & network

Depth
Amigo Services, Shared corporate director ASAmigo ServicesAptus, Shared corporate director AAptusGeo Solutions Sud, Shared corporate director GSGeo SolutionsSudi-Move, Shared corporate director Ii-MoveLOCALYSE, Shared corporate director LLOCALYSELocalyse Group, Shared corporate director LGLocalyse GroupLocus Services, Shared corporate director LSLocus ServicesBITSOFDATA BITSOFDATA0687.534.812
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

14 events since 2018
2023
Merger: absorbed by GEO SOLUTIONSDissolution of the company · Dissolved without liquidation on 30-06-2023 · General meeting of 30-06-20232 points ▸
  • General meeting, 30-06-2023
  • Accounting effect, 01-01-2023
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 28 days before the deadline
Merger proposal: to be absorbed by Geo SolutionsPermanent representatives: Dirk Lambrechts, Martine De Ruijter and Rombout Verwimp · Name change: Geo Solutions · Geo Square NV holds 5,672 shares17 points ▸
  • Incorporation, 10-04-2007
  • Name change, Geo Solutions
  • Capital, €62,000, 6,200 shares, mentioned twice in the deed
  • Geo Square NV holds 5,672 shares, mentioned twice in the deed
  • Liesbeth Mariën holds 140 shares, mentioned twice in the deed
  • Rombout Verwimp holds 388 shares, mentioned twice in the deed
  • Wim Kellens holds 75 shares
  • Sven Vanderhaegen holds 75 shares
  • Board composition, Geo Square NV (director), mentioned twice in the deed
  • Board composition, CoodeR BV (director), mentioned twice in the deed
  • Board composition, Twende BV (director), mentioned twice in the deed
  • Permanent representative, Dirk Lambrechts, mentioned twice in the deed
  • Permanent representative, Martine De Ruijter, mentioned twice in the deed
  • Permanent representative, Rombout Verwimp, mentioned twice in the deed
  • Incorporation, 03-01-2018
  • Geo Solutions holds all the shares, mentioned twice in the deed
  • Accounting effect, 01-01-2023
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFabbreviated format · 1 day late
2021
Equity above €150,000 equity €168,541 ▲34.3% With a profit in every financial year since 2019, equity grows to €168,541.
Amendment of the articlesCapital of €62,000, 6,200 shares · General meeting of 21-10-20214 points ▸
  • General meeting, 21-10-2021
  • Amendment of the articles, article 14
  • Amendment of the articles, article 28
  • Capital, €62,000, 6,200 shares
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 6 days late
5 directors appointed, 5 resignationsResignations: De Cronos Groep NV, Geo Square NV, Josephus de Wit, Benoit Graulich and Bert Godefroid · Permanent representatives: Dirk Deroost, Dirk Lambrechts, Martine de Ruijter and Rombout Verwimp · Appointments: Benoit Graulich, Bert Godefroid, CoodeR BV, Geo Square NV and Twende BV · General meeting of 12-04-202116 points ▸

Open the deed in the Belgian Official Gazette

2020
Highest result from 2019 to 2022 net €52,305 ▲368% The operating result of €75,256 and the net result of €52,305 are both a record.
Equity above €100,000 equity €125,479 ▲71.5% With a profit in every financial year since 2019, equity grows to €125,479.
New statutory auditorKPMG Bedrijfsrevisoren CVBA appointed, EY bedrijfsrevisoren BV resigned · Permanent representatives: Filip De Bock and Dirk Deroost · Director discharge: EY bedrijfsrevisoren BV (statutory auditor) · General meeting of 02-10-20206 points ▸
  • General meeting, 02-10-2020
  • Auditor resignation, EY bedrijfsrevisoren BV (statutory auditor)
  • Director discharge, EY bedrijfsrevisoren BV (statutory auditor)
  • Auditor appointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
  • Permanent representative, Filip De Bock
  • Permanent representative, Dirk Deroost

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFabbreviated format · 18 days before the deadline
Permanent representatives: Sara Van Heghe, Koen Claesen and Dirk DeroostBoard meeting of 25-11-20194 points ▸
  • Board meeting, 25-11-2019
  • Permanent representative, Sara Van Heghe
  • Permanent representative, Koen Claesen
  • Permanent representative, Dirk Deroost

Open the deed in the Belgian Official Gazette

2018
IncorporationFounders: Geo Solutions (shareholder), DE WIT Josephus Louisa (shareholder) and DEROOST Dirk Jules Clement (shareholder) · Founding capital of €62,000, 6,200 shares · Appointments: De Cronos Groep, DE WIT Josephus Louisa, GEO SQUARE and Ernst & Young Bedrijfsrevisoren (statutory auditor)12 points ▸
  • Board rule, 3
  • Director appointment, De Cronos Groep
  • Permanent representative, DEROOST Dirk Jules Clement
  • Director appointment, DE WIT Josephus Louisa
  • Director appointment, GEO SQUARE
  • Permanent representative, LAMBRECHTS Dirk Norbert Frans
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Founder, Geo Solutions (shareholder)
  • Founder, DE WIT Josephus Louisa (shareholder)
  • Founder, DEROOST Dirk Jules Clement (shareholder)
  • Incorporation, 03-01-2018
  • Founding capital, €62,000, 6,200 shares

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 8 January 2018 the Belgian Official Gazette published the deed of incorporation of BITSOFDATA.1 Of the 2 current board members, 2 have served since 2021.2 In 2023 the company was absorbed by merger into GEO SOLUTIONS.3

  1. 1Belgian Official Gazette, 08-01-2018
  2. 2National Bank, annual accounts 2022
  3. 3Belgian Official Gazette, 09-08-2023

Company details

Purpose, financial year and meetings according to the articles of association

Name, seat, purpose and duration

PurposeThe purpose describes the activities the company may carry out under its articles.
“Het rechtstreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten Belgische of buitenlandse…”
12 activities
  1. Het rechtstreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten Belgische of buitenlandse vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid,voor eigen rekening of voor rekening van derden,alsook het waarnemen van het beheer,het bestuur,de controle en de ontwikkeling van deze participaties.
  2. De vennootschap zal met name belangen mogen nemen door middel van inbreng,opslorping,fusie,deelneming of op elke andere wijze in vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid.
  3. De vennootschap zal haar fondsen kunnen aanwenden om een portefeuille,die onder meer kan bestaan uit alle al dan niet verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen en alle roerende goederen en rechten,te vormen,te beheren,te valoriseren en/of te vereffenen.
  4. Dit houdt onder meer in dat zij kan overgaan tot het aankopen,onderschrijven,beheren,verkopen,omruilen voor eigen rekening van waardepapieren en effecten allerlei van vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid.
  5. De vennootschap kan deelnemen in de oprichting van vennootschappen en verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid en de ontwikkeling ervan plannen en coördineren.
  6. Het beheren van vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid,wat ook hun voorwerp moge zijn,onder meer door het waarnemen van het mandaat van bestuurder,vereffenaar of enige andere functie;door het deelnemen in de organisatie,herstructurering of leiding;door het verwerven,beheren of valoriseren van octrooien,merken en licenties of andere intellectuele rechten.
  7. Het verlenen van diensten of prestaties op technisch,commercieel,juridisch en financieel gebied;onder meer het verstrekken van advies inzake bedrijfsbeheer,management en in het algemeen consultancy,dit alles in de breedste zin.
  8. Selectie en werving.
  9. Het op productieve wijze verwerven,beheren,verkopen van roerende en onroerende,materiële of immateriële goederen,zonder dat de vennootschap hierbij aan vermogensbeheer of beleggingsadvies doet en wat de verrichtingen met onroerende goederen betreft met uitsluiting van de handelingen van vastgoedhandelaar.
  10. Het bemiddelen,in opdracht van derden,van overeenkomsten of diensten;het aanbrengen van zaken,cliënten,financiers of anderen in de breedste zin.
  11. Hieronder kunnen worden begrepen alle transacties of handelingen die kaderen in een commissie-,agentuur-,distributie-,concessie- of lastgevingovereenkomst of enige andere overeenkomst waarbij de vennootschap als tussenpersoon,aanbrenger of distributeur optreedt.
  12. Het verstrekken van leningen en kredieten in de breedste zin aan vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid en aan particulieren,alsook het stellen van alle commerciële en financiële verrichtingen,met uitzondering van die transacties die wettelijk zijn voorbehouden aan banken en andere financiële instellingen;het stellen van persoonlijke en zakelijke zekerheden ten behoeve van derden,steeds rekening houdende met de bepalingen van het vennootschapsrecht.
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”

General meeting and financial year

Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Thursday of June at 12:30

Articles of association, deed of 24-11-2021 (in Dutch)

Inactive

Absorbed by GEO SOLUTIONS in August 2023

BITSOFDATA is no longer in the KBO register. GEO SOLUTIONS took it over in a merger by absorption, published in the Belgian Official Gazette on 9 August 2023.

Status
Inactive
Reason
Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 9 August 2023 · deed
Absorbed by
GEO SOLUTIONS · 0888.908.493
Last annual accounts
financial year to 31 December 2022
Last registered office
Prins Boudewijnlaan 41, 2650 Edegemas published on 9 August 2023
Legal form
Public limited company
First annual accounts
financial year 2019
Official KBO record

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