Cloudar
Annual accounts 2025
full format, filed on 02-09-2026, 33 days late€35.0m
▲ 1.8%
€1.0m
▼ 0.6%
€1.1m
▼ 1.3%
€780,269
▼ 14.4%
44.1%
▼ 0.8 percentage points
1.79
▼ 0.02
Money flows
of every €100 of turnover, €2.12 remains as profit in 2025Balance sheet
balance sheet total €12.1m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
44.1%
Higher than 55% of 1,691 companies in 2025.
1.79
Higher than 55% of 1,658 companies in 2025.
6.1%
Higher than 58% of 1,673 companies in 2025.
Cloudar
Middle half of the sector
80% of the sector
Full accounts in computer programming and consultancy (NACE 62)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
Staff
Men and women16% women
31.3 men and 5.8 women in full-time equivalents in 2025.
€93,702
Men €95,328, women €84,926 per full-time equivalent. Jobs differ, so this is not a pay gap.
-3 people
people who joined
people who left
In 2025, nobody joined and 3 people left. Training hours in 2025: 226.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
12.1m | 10.8m | 8.1m | 8.1m | 6.3m | 5.6m | 5.0m | 4.6m | 2.5m | 1.6m | 247,047 | |
21/28 |
58,237 | 64,661 | 88,350 | 116,836 | 127,740 | 34,300 | 39,186 | 48,719 | 26,657 | 14,287 | 11,330 | |
22/27 |
48,869 | 64,661 | 88,350 | 116,836 | 127,740 | 34,300 | 39,186 | 48,719 | 26,657 | 14,287 | 11,330 | |
23 |
41,152 | 41,396 | 49,514 | 61,003 | 54,439 | 24,324 | 25,719 | 32,268 | 16,015 | 14,287 | 11,330 | |
24 |
290 | 679 | 1,091 | 2,929 | 5,013 | 9,456 | 12,652 | 15,340 | 9,236 | - | - | |
26 |
7,427 | 22,586 | 37,745 | 52,905 | 68,288 | 520 | 815 | 1,111 | 1,406 | - | - | |
28 |
9,368 | - | - | - | - | - | - | - | - | - | - | |
280/1 |
9,368 | - | - | - | - | - | - | - | - | - | - | |
280 |
9,368 | - | - | - | - | - | - | - | - | - | - | |
29/58 |
12.0m | 10.7m | 8.0m | 8.0m | 6.1m | 5.5m | 5.0m | 4.5m | 2.5m | 1.6m | 235,717 | |
3 |
- | - | 4,413 | - | - | - | 132,875 | - | - | 1,778 | - | |
37 |
- | - | 4,413 | - | - | - | 132,875 | - | - | 1,778 | - | |
40/41 |
10.6m | 10.5m | 7.5m | 7.6m | 5.7m | 4.9m | 4.2m | 3.9m | 1.9m | 1.4m | 174,536 | |
40 |
6.0m | 6.9m | 6.8m | 7.4m | 5.5m | 4.9m | 3.5m | 2.9m | 1.8m | 1.4m | 174,536 | |
41 |
4.6m | 3.6m | 727,458 | 202,435 | 152,300 | 1,369 | 655,506 | 923,177 | 112,445 | 2,538 | - | |
54/58 |
1.4m | 165,568 | 430,732 | 243,113 | 179,447 | 162,930 | 271,375 | 339,945 | 206,042 | 24,071 | 58,439 | |
490/1 |
68,033 | 80,300 | 77,684 | 121,606 | 252,280 | 432,429 | 371,740 | 304,515 | 349,515 | 147,069 | 2,743 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
12.1m | 10.8m | 8.1m | 8.1m | 6.3m | 5.6m | 5.0m | 4.6m | 2.5m | 1.6m | 247,047 | |
10/15 |
5.3m | 4.8m | 4.3m | 3.5m | 2.7m | 2.0m | 915,798 | 505,859 | 349,189 | 92,997 | -93,576 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
5.3m | 4.8m | 4.2m | 3.4m | 2.6m | 1.9m | 896,860 | 486,860 | 329,860 | 73,860 | - | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
132 |
442,050 | 732,540 | 892,520 | 892,520 | 829,370 | 349,430 | - | - | - | - | - | |
133 |
4.8m | 4.0m | 3.3m | 2.5m | 1.8m | 1.5m | 895,000 | 485,000 | 328,000 | 72,000 | - | |
14 |
431 | 611 | 163 | 341 | 546 | 1,985 | 338 | 399 | 729 | 537 | -112,176 | |
16 |
2,267 | 156 | - | 231 | 231 | 231 | - | - | - | - | - | |
160/5 |
2,267 | 156 | - | 231 | 231 | 231 | - | - | - | - | - | |
160 |
2,267 | 156 | - | 231 | 231 | 231 | - | - | - | - | - | |
17/49 |
6.7m | 5.9m | 3.8m | 4.6m | 3.5m | 3.6m | 4.1m | 4.1m | 2.2m | 1.5m | 340,623 | |
42/48 |
6.7m | 5.9m | 3.8m | 4.6m | 3.5m | 3.6m | 4.1m | 4.0m | 2.1m | 1.4m | 340,623 | |
44 |
6.0m | 5.2m | 3.0m | 2.5m | 2.6m | 2.3m | 2.5m | 3.3m | 1.0m | 881,514 | 216,412 | |
440/4 |
6.0m | 5.2m | 3.0m | 2.5m | 2.6m | 2.3m | 2.5m | 3.3m | 1.0m | 881,514 | 216,412 | |
46 |
- | - | - | 39,600 | 23,987 | 24,079 | 174,123 | - | - | 29,261 | - | |
45 |
381,950 | 438,828 | 558,339 | 539,134 | 575,993 | 559,377 | 475,580 | 529,619 | 346,234 | 135,380 | 14,211 | |
450/3 |
3,344 | 1,529 | 200,980 | 146,500 | 297,483 | 334,532 | 264,615 | 355,706 | 244,400 | 75,373 | 1,109 | |
454/9 |
378,606 | 437,299 | 357,359 | 392,634 | 278,510 | 224,845 | 210,965 | 173,913 | 101,834 | 60,007 | 13,102 | |
47/48 |
286,000 | 286,000 | 250,000 | 1.5m | 371,094 | 751,712 | 877,413 | 160,320 | 758,952 | 370,000 | 110,000 | |
492/3 |
43,497 | 35,044 | 11,700 | - | 9,565 | 19 | 8,549 | 31,053 | 30,500 | 96,000 | - | |
| Income statement | ||||||||||||
70/76A |
35.4m | 34.4m | 29.9m | 31.9m | 26.4m | 18.7m | 14.8m | - | - | 2.7m | 655,940 | |
70 |
35.0m | 34.4m | 29.7m | 31.8m | 26.3m | 18.6m | 14.6m | 10.2m | 6.0m | 2.7m | 647,845 | |
71 |
- | -4,267 | 4,267 | -11,156 | -138,866 | 17,147 | 132,875 | - | - | 1,778 | - | |
74 |
471,118 | 96,268 | 224,915 | 119,266 | 204,864 | - | - | - | - | - | - | |
76A |
509 | 2,806 | 413 | 331 | 248 | - | 113 | - | - | - | - | |
9900 |
- | - | - | - | - | - | - | 2.1m | 1.6m | - | - | |
60/66A |
34.4m | 33.4m | 28.7m | 30.3m | 24.7m | 17.0m | 14.1m | - | - | 2.4m | 763,778 | |
60/61 |
- | - | - | - | - | - | - | 8.1m | 4.3m | - | - | |
60 |
28.0m | 27.4m | 22.6m | 24.4m | 20.0m | 13.1m | 10.5m | - | - | 1.4m | 354,016 | |
600/8 |
28.0m | 27.4m | 22.6m | 24.4m | 20.0m | 13.1m | 10.5m | - | - | 1.4m | 354,016 | |
61 |
2.8m | 2.4m | 2.7m | 2.5m | 2.0m | 1.7m | 1.6m | - | - | 498,742 | 267,999 | |
62 |
3.5m | 3.5m | 3.3m | 3.2m | 2.7m | 2.1m | 2.0m | 1.6m | 931,676 | 501,512 | 137,376 | |
630 |
39,999 | 46,965 | 51,387 | 49,728 | 33,706 | 22,759 | 21,885 | 16,701 | 9,272 | 5,121 | 2,349 | |
631/4 |
- | 1,655 | - | - | - | - | - | - | -1,832 | 1,832 | - | |
635/8 |
2,110 | 156 | -231 | - | - | 231 | - | - | - | - | - | |
640/8 |
12,987 | 18,411 | 16,937 | 11,485 | 11,235 | 12,950 | 11,997 | 7,194 | 5,195 | 3,099 | 2,038 | |
66A |
155 | 512 | - | - | 477 | - | - | - | - | - | - | |
9901 |
1.0m | 1.0m | 1.2m | 1.7m | 1.7m | 1.7m | 725,020 | 508,737 | 696,417 | 251,232 | -107,839 | |
75/76B |
236,610 | 238,350 | 53,978 | 133,413 | 34,433 | 9,353 | 4,368 | 4,363 | 487 | 138 | 41 | |
75 |
236,610 | 238,350 | 53,978 | 133,413 | 34,433 | 9,353 | 4,368 | 4,363 | 487 | 138 | 41 | |
751 |
59,826 | 36,928 | 8,903 | 343 | 78 | 297 | 759 | - | - | - | - | |
752/9 |
176,784 | 201,422 | 45,075 | 133,071 | 34,355 | 9,056 | 3,610 | - | - | 138 | 41 | |
65/66B |
331,713 | 217,813 | 111,850 | 151,317 | 44,278 | 61,808 | 94,563 | 37,054 | 31,929 | 13,262 | 4,379 | |
65 |
331,713 | 217,813 | 111,850 | 151,317 | 44,278 | 61,808 | 94,563 | 37,054 | 31,929 | 13,262 | 4,379 | |
650 |
89,073 | 76,424 | 52,546 | 36,404 | 35,115 | 40,689 | 76,028 | - | - | 11,895 | 4,241 | |
652/9 |
242,641 | 141,389 | 59,304 | 114,913 | 9,164 | 21,119 | 18,534 | - | - | 1,366 | 138 | |
9903 |
936,184 | 1.1m | 1.2m | 1.6m | 1.7m | 1.7m | 634,826 | 476,046 | 664,975 | 238,109 | -112,176 | |
67/77 |
195,914 | 194,391 | 159,252 | 470,153 | 351,394 | 374,692 | 224,887 | 163,376 | 242,783 | 51,535 | - | |
670/3 |
219,000 | 289,000 | 258,600 | 470,153 | 509,800 | 377,700 | 226,624 | - | - | 51,535 | - | |
77 |
23,086 | 94,609 | 99,348 | - | 158,406 | 3,008 | 1,736 | - | - | - | - | |
9904 |
740,270 | 864,048 | 1.0m | 1.2m | 1.3m | 1.3m | 409,939 | 312,669 | 422,192 | 186,574 | -112,176 | |
789 |
479,940 | 412,580 | - | - | - | - | - | - | - | - | - | |
689 |
189,450 | 252,600 | - | 63,150 | 479,940 | 349,430 | - | - | - | - | - | |
9905 |
1.0m | 1.0m | 1.0m | 1.1m | 828,560 | 941,648 | 409,939 | 312,669 | 422,192 | 186,574 | -112,176 | |
| Appropriation of the result | ||||||||||||
9906 |
1.0m | 1.0m | 1.0m | 1.1m | 830,546 | 941,985 | 410,338 | 313,399 | 422,729 | 74,397 | -112,176 | |
14P |
611 | 163 | 341 | 546 | 1,985 | - | - | - | - | - | - | |
791/2 |
- | - | - | - | 265,500 | - | - | - | - | - | - | |
792 |
- | - | - | - | 265,500 | - | - | - | - | - | - | |
691/2 |
764,940 | 737,580 | 768,000 | 730,000 | 530,000 | 700,000 | 410,000 | 157,000 | 256,000 | 73,860 | - | |
6920 |
- | - | - | - | - | 4,340 | - | - | - | 1,860 | - | |
6921 |
764,940 | 737,580 | 768,000 | 730,000 | 530,000 | 695,660 | 410,000 | 157,000 | 256,000 | 72,000 | - | |
694/7 |
266,000 | 286,000 | 250,000 | 380,000 | 565,500 | 240,000 | - | 156,000 | 166,000 | - | - | |
694 |
76,000 | - | - | - | 265,500 | - | - | 156,000 | 166,000 | - | - | |
695 |
190,000 | 286,000 | 250,000 | 380,000 | 300,000 | 240,000 | - | - | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
37.1 | 38.9 | 38.8 | 41.4 | 36.3 | 28.3 | 26.3 | 22.2 | 13.6 | 7.8 | 2.6 | |
Men (FTE)1003 |
31.3 | 33.8 | 34.6 | 39 | 34.4 | 26.3 | 24.3 | - | - | 7.8 | 2.6 | |
Women (FTE)1003 |
5.8 | 5.1 | 4.2 | 2.4 | 1.9 | 2 | 2 | - | - | - | - | |
Agency workers1501 |
- | - | - | - | - | - | - | - | - | 0.1 | 0.1 | |
Hours worked1013 |
61,535 | 64,285 | 64,036 | 65,097 | 59,463 | 47,532 | 45,224 | 37,362 | 23,334 | 13,340 | 5,174 | |
| Document | ||||||||||||
The notes to these accounts have 47 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 33 days after the deadline. Filed on 2 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00506952.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 02-09-2026 | 2026-00506952 | |
| 31-12-2024 | full format | 22-08-2025 | 2025-00399242 | |
| 31-12-2023 | full format | 28-08-2024 | 2024-00397570 | |
| 31-12-2022 | full format | 01-09-2023 | 2023-00427995 | |
| 31-12-2021 | full format | 25-08-2022 | 2022-20391839 | |
| 31-12-2020 | full format | 01-06-2021 | 2021-16400345 | |
| 31-12-2019 | full format | 28-08-2020 | 2020-46200548 | |
| 31-12-2018 | abbreviated format | 20-06-2019 | 2019-20700397 | |
| 31-12-2017 | abbreviated format | 23-07-2018 | 2018-36800093 | |
| 31-12-2016 | full format | 03-07-2017 | 2017-27100440 | |
| 31-12-2015 | full format | 07-07-2016 | 2016-29600303 |
Subsidies and aid
Flemish government 2022 to 2025, 4 entries, €50,740 awarded, €50,740 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €10,071 | €10,071 |
| 2024 | 1 | €9,723 | €9,723 |
| 2023 | 1 | €14,007 | €14,007 |
| 2022 | 1 | €16,939 | €16,939 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.1m | 1.1m | 1.3m | 1.7m | 1.7m | 1.7m | 746,905 | 525,438 | 705,690 | 256,353 | -105,489 | ||
| 780,269 | 911,013 | 1.1m | 1.2m | 1.3m | 1.3m | 431,824 | 329,370 | 431,464 | 191,694 | -109,827 | ||
| 34,492 | 25,922 | 23,739 | 38,824 | 127,622 | 17,873 | 11,540 | 38,762 | 21,643 | 12,453 | 13,124 | ||
| 1.2m | -265,164 | 187,619 | 63,666 | 16,517 | -108,445 | -68,570 | 133,903 | 181,971 | -34,367 | - | ||
| 5.3m | 4.8m | 4.2m | 3.4m | 2.6m | 1.9m | 885,161 | 488,193 | 353,032 | 174,710 | -104,906 | ||
| 2.9% | 3.0% | 4.2% | 5.2% | 6.3% | 9.3% | 5.0% | 5.0% | 11.7% | 9.4% | -16.6% | ||
| 44.1% | 44.9% | 52.7% | 43.4% | 43.3% | 35.4% | 18.3% | 11.1% | 13.8% | 5.8% | -37.9% | ||
| 1.79 | 1.82 | 2.10 | 1.74 | 1.73 | 1.54 | 1.22 | 1.12 | 1.16 | 1.12 | 0.69 | ||
| 1.79 | 1.82 | 2.10 | 1.74 | 1.73 | 1.54 | 1.18 | 1.12 | 1.16 | 1.12 | 0.69 | ||
| 1.27 | 1.22 | 0.90 | 1.31 | 1.31 | 1.83 | 4.45 | 8.02 | 6.24 | 16.26 | - | ||
| 13.9% | 17.8% | 23.8% | 33.5% | 48.3% | 65.6% | 44.8% | 61.8% | 120.9% | 200.6% | - | ||
| 6.1% | 8.0% | 12.6% | 14.5% | 20.9% | 23.2% | 8.2% | 6.9% | 16.7% | 11.6% | -45.4% | ||
| 12.03 | 14.20 | 24.48 | 46.99 | 48.51 | 42.79 | 9.82 | - | - | 21.55 | -24.87 | ||
| 62 days | 73 days | 83 days | 85 days | 77 days | 97 days | 88 days | 105 days | 112 days | 193 days | 98 days | ||
| 71 days | 63 days | 43 days | 34 days | 43 days | 56 days | 77 days | 150 days | 88 days | 167 days | 127 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
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 36 | 39 | 41 | 40 | 41 |
| full-time | 34 | 35 | 38 | 35 | 39 |
| part-time | 2 | 4 | 3 | 5 | 2 |
| in full-time equivalents | 35.4 | 38 | 40.2 | 38.4 | 40.3 |
| 37.1 | 38.9 | 38.8 | 41.4 | 36.3 | |
| On a permanent contract | 36 | 39 | 41 | 40 | 41 |
| Joined | 0 | 2 | 6 | 10 | 12 |
| Left | 3 | 4 | 5 | 11 | 2 |
| Training hours | 226 | 283 | 207 | 320 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €25,124 | €25,922 | €23,739 | €38,824 | €127,622 |
| Financial fixed assets | €9,368 | - | - | - | - |
| €39,999 | €46,965 | €51,387 | €49,728 | €33,706 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
fees| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €5,065 | €5,065 | €4,890 | €4,800 | €4,300 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Insights on Cloudar
The operating result for 2025 is 1% lower than in 2024 and the lowest since 2019. It is the fifth fall in a row.
Debt's share of the balance-sheet total rises from 55.0% to 55.8%. Equity and debt are higher.