Business Elements Reply
ActiveSummary
Business Elements Reply has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.45M and a net result of €1.33M. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+52
Solvency56▼-15
Growth85▲+33
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.82 in 2024; short-term debt: 65.6% and cash: 15.9% of total assets), and 69.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
30.6%
Return on assets
16.6%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
19 d late
2022
135 d late
2021
219 d late
2020
31 d late
2019
14 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€18.35M▲ 35.8%
2024 · €13.51M
EBIT margin
10.2%▲ 9.2pp
2024 · 1.0%
Net result
€1.33M
2024 · €-131k
Working capital
€2.55M▲ 27.7%
2024 · €2.00M
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€13.51M€18.35M▲ 35.8%
Operating result€-399k€1.29M€1.41M▲ 9.0%€141k▼ 90.0%€1.88M▲ 1,233%
Net result€-418k▼ 4,271%€987k€925k▼ 6.2%€-131k€1.33M
EBIT margin1.0%10.2%▲ 9.2pp
Equity€336k▼ 55.4%€1.32M▲ 293%€2.25M▲ 69.9%€2.12M▼ 5.8%€2.45M▲ 15.5%
Total assets€3.07M▼ 22.4%€4.36M▲ 42.4%€5.51M▲ 26.3%€4.62M▼ 16.2%€8.00M▲ 73.2%
Debt€2.73M▼ 14.6%€3.04M▲ 11.4%€3.26M▲ 7.3%€2.50M▼ 23.4%€5.55M▲ 122%
Working capital€318k▼ 51.6%€1.29M▲ 305%€1.96M▲ 52.4%€2.00M▲ 1.9%€2.55M▲ 27.7%
Staff (FTE)49.8▲ 12.9%49.8=62.6▲ 25.7%55.4▼ 11.5%52.4▼ 5.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,233% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.00M
Fixed assets
€201k ▲ 18.1%
Current assets
€7.80M ▲ 75.3%
Equity and liabilities €8.00M
Equity
€2.45M ▲ 15.5%
Debt
€5.55M ▲ 122%
Debt's share of the balance-sheet total rises from 54.1% to 69.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.93M▲
2024 · €199k
Cash flow
€1.38M▲
2024 · €-74k
Current ratio
1.49▼
2024 · 1.82
Debt to equity
2.27▲
2024 · 1.18
ROE
54.3%▲
2024 · -6.2%
ROA
16.6%▲
2024 · -2.8%
Interest coverage
507.39
Debt ≤ 1 year
€5.24M▲
2024 · €2.45M
Income taxes
€548k▲
2024 · €266k
Staff costs
€4.99M=
2024 · €4.99M
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 | - | - | - | €13.72M | €18.42M | ▲ 34.3% |
| Turnover70 | - | - | - | €13.51M | €18.35M | ▲ 35.8% |
| Other operating income74 | - | - | - | €130k | €78k | ▼ 40.0% |
| Non-recurring operating income76A | - | - | €3k | €79k | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | €13.58M | €16.55M | ▲ 21.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.20M | €5.48M | ▲ 5.3% |
| Purchases600/8 | - | - | - | €5.20M | €5.48M | ▲ 5.3% |
| Services and other goods61 | - | - | - | €3.28M | €6.02M | ▲ 83.4% |
| Remuneration, social security and pensions62 | €4.85M | €4.85M | €5.62M | €4.99M | €4.99M | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49k | €53k | €56k | €58k | €48k | ▼ 16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €17k | - | - | - | - | - |
| Other operating charges640/8 | €60k | €41k | €0 | €38k | €2k | ▼ 96.0% |
| Gross operating margin9900 | €4.58M | €6.24M | €7.08M | - | - | - |
| Operating profit (loss)9901 | €-399k | €1.29M | €1.41M | €141k | €1.88M | ▲ 1,233% |
| Financial income75/76B | - | €732 | €4k | €634 | €1k | ▲ 70.5% |
| Recurring financial income75 | - | €732 | €4k | €634 | €1k | ▲ 70.5% |
| Income from financial fixed assets750 | - | - | - | €0 | €0 | ▼ 75.0% |
| Other financial income752/9 | - | - | - | €634 | €1k | ▲ 70.6% |
| Financial charges65/66B | €9k | €5k | €19k | €7k | €4k | ▼ 47.4% |
| Recurring financial charges65 | €9k | €5k | €19k | €7k | €4k | ▼ 47.4% |
| Debt charges650 | - | - | - | €0 | - | - |
| Other financial charges652/9 | - | - | - | €7k | €4k | ▼ 47.4% |
| Profit (loss) for the period before taxes9903 | €-408k | €1.29M | €1.39M | €134k | €1.88M | ▲ 1,296% |
| Income taxes67/77 | €10k | €303k | €470k | €266k | €548k | ▲ 106% |
| Taxes670/3 | - | - | - | €266k | €548k | ▲ 106% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €94 | - |
| Profit (loss) for the period9904 | €-418k | €987k | €925k | €-131k | €1.33M | ▲ 1,112% |
| Profit (loss) for the period to be appropriated9905 | €-418k | €987k | €925k | €-131k | €1.33M | ▲ 1,112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.07M | €4.36M | €5.51M | €4.62M | €8.00M | ▲ 73.2% |
| Formation expenses20 | €137 | - | - | - | - | - |
| Fixed assets21/28 | €125k | €132k | €320k | €170k | €201k | ▲ 18.1% |
| Intangible fixed assets21 | €10k | €5k | €1k | €0 | - | - |
| Tangible fixed assets22/27 | €74k | €85k | €85k | €89k | €98k | ▲ 10.7% |
| Plant, machinery and equipment23 | €5k | €3k | €1k | €0 | - | - |
| Furniture and vehicles24 | €68k | €81k | €84k | €89k | €98k | ▲ 10.7% |
| Other tangible fixed assets26 | €843 | €457 | €85 | €0 | - | - |
| Financial fixed assets28 | €42k | €42k | €234k | €81k | €103k | ▲ 26.3% |
| Affiliated companies280/1 | - | - | - | €0 | - | - |
| Amounts receivable281 | - | - | - | €0 | - | - |
| Other financial fixed assets284/8 | - | - | - | €81k | €103k | ▲ 26.3% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €81k | €103k | ▲ 26.3% |
| Current assets29/58 | €2.94M | €4.23M | €5.19M | €4.45M | €7.80M | ▲ 75.3% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €2.61M | €3.09M | €3.78M | €3.41M | €6.45M | ▲ 89.1% |
| Trade receivables40 | €2.29M | €2.73M | €3.49M | €3.26M | €6.45M | ▲ 98.1% |
| Other amounts receivable41 | €318k | €359k | €294k | €156k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €333k | €1.10M | €1.36M | €1.01M | €1.27M | ▲ 26.2% |
| Deferred charges and accrued income490/1 | - | €44k | €49k | €27k | €72k | ▲ 166% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.07M | €4.36M | €5.51M | €4.62M | €8.00M | ▲ 73.2% |
| Equity10/15 | €336k | €1.32M | €2.25M | €2.12M | €2.45M | ▲ 15.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €306k | €306k | €306k | €306k | €306k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €299k | €299k | €299k | €299k | €299k | = |
| Profit (loss) carried forward14 | €-31k | €956k | €1.88M | €1.75M | €2.08M | ▲ 18.7% |
| Amounts payable17/49 | €2.73M | €3.04M | €3.26M | €2.50M | €5.55M | ▲ 122% |
| Amounts payable within one year42/48 | €2.62M | €2.94M | €3.23M | €2.45M | €5.24M | ▲ 114% |
| Trade debts44 | €1.10M | €1.59M | €2.04M | €1.80M | €3.18M | ▲ 76.8% |
| Suppliers440/4 | €1.10M | €1.59M | €2.04M | €1.80M | €3.18M | ▲ 76.8% |
| Taxes, remuneration and social security45 | €1.03M | €1.23M | €1.18M | €648k | €1.06M | ▲ 63.9% |
| Taxes450/3 | €56k | €265k | €196k | €85k | €347k | ▲ 308% |
| Remuneration and social security454/9 | €970k | €970k | €988k | €563k | €715k | ▲ 27.0% |
| Other amounts payable47/48 | €500k | €124k | €2k | €2k | €1.00M | ▲ 58,312% |
| Accrued charges and deferred income492/3 | €106k | €97k | €35k | €52k | €309k | ▲ 490% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-418k | €987k | €925k | €-131k | €1.33M | ▲ 1,112% |
| + Depreciation and write-downs630 | €49k | €53k | €56k | €58k | €48k | ▼ 16.2% |
| Operating cash flow (approximation) | €-369k | €1.04M | €982k | €-74k | €1.38M | ▲ 1,972% |
| Investment in fixed assets (approximation) | - | €-60k | €-245k | €92k | €-79k | ▼ 186% |
| Change in cash | - | €764k | €263k | €-353k | €263k | ▲ 175% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
State Gazette act
Registered officeRegistered-office move · Power of attorney7 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney7 facts ▸
- Board meeting, 22-07-2026
- Registered-office move, 25 rue de Loxum, 1000 Bruxelles
- Power of attorney, Jérôme Terfve
- Power of attorney, Guillaume Charlier
- Power of attorney, Maceo Luntumbue
- Power of attorney, Emma Van Campenhoudt
- Other statement, illegible page furniture, notarial certification form
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €1.33M
Net result €1.33M after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
31-12
Financial
Equity above €2MEq €2.25M ▲69.9%
2 profitable years in a row build equity to €2.25M.
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 135 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 219 days late
2022
31-12
Financial
Back to profitnet €987k
Net result €987k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.32M ▲293%
Equity rises from €336k to €1.32M.
2021
31-12
Financial
Weakest financial yearnet €-418k
Net result drops to €-418k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
Show earlier events
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
31-12
Financial
Equity above €500kEq €764k ▲108%
2 profitable years in a row build equity to €764k.
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 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, Brussel · 1 establishment unit since 2017
Ground area
1.9 ha
Building footprint
1,699 m²
Volume, LiDAR
87,099 m³
2 parcels, Brussels · tallest building 60.3 m, ±18 floors. Linked by address, not a title deed.
59
companies at this address
See who is registered here
1 establishment unit
Arianelaan 5, 1200 Sint-Lambrechts-Woluwe
since 20172.264.491.130
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0006/00Z000 | Brussels | 1.7 ha | - | - |
| 21804D1339/00L000 | Brussels | 2,218 m² | 1 · 1,699 m² | 60.3 m · 18 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
REPLY S.P.A.
Torino, Italy
ICEBERG S.R.L.
Torino, Italy · indirect
controls
Business Elements ReplyBE 0675.439.209
Recognitions · licences · registrations
Legal Entity Identifier
98450095E0CD1T39E264
Similar companies · same sector, comparable size
AVT EMEA
BE 0892.195.211
Aalst · Eq €2,446,202
MITIS
BE 0820.861.510
Hannut · Eq €2,438,087
TIM Consulting
BE 0678.395.135
Zele · Eq €2,453,884
GROUP K
BE 0769.335.308
Houthalen-Helchteren · Eq €2,454,449
GEM ONE
BE 0730.663.386
Waregem · Eq €2,433,477
Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 4,052 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.