Computer Assistance
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-10-2025 PDF all 9 filings
Turnover
≈ €130,000
Estimated: probably between €110,000 and €170,000
Total assets
€105,228▲ 12.8%
2024 · €93,250
Net result
-€12
2024 · €312
Working capital
€31,477▼ 40.6%
2024 · €52,973
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€1,177
▼ 79.5%
2025
20192025
Net result
-€12
2025
lowest quarter of the sector
20192025
Equity
€13,449
▼ 68.7%
2025
lowest quarter of the sector
20192025
Total assets
€105,228
▲ 12.8%
2025
middle half of the sector
20192025
Debt
€91,779
▲ 82.6%
2025
20192025
Working capital
€31,477
▼ 40.6%
2025
middle half of the sector
20192025
Solvency
12.8%
▼ 33.3pp
2025
lowest quarter of the sector
20192025
Current ratio
1.45
▼ 1.45
2025
middle half of the sector
20192025
Return on assets (ROA)
0.0%
▼ 0.3pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€24,335--€8,666€15,039€2,343▼ 84.4%€2,225▼ 5.1%€5,736▲ 158%€1,177▼ 79.5%
Net result€14,348--€10,539below the sector's middle half€13,239within the sector's middle half€1,150below the sector's middle half▼ 91.3%€1,239below the sector's middle half▲ 7.8%€312below the sector's middle half▼ 74.8%-€12below the sector's middle half
Equity€41,410-€29,742within the sector's middle half▼ 28.2%€42,981within the sector's middle half▲ 44.5%€44,131within the sector's middle half▲ 2.7%€42,663within the sector's middle half▼ 3.3%€42,975within the sector's middle half▲ 0.7%€13,449below the sector's middle half▼ 68.7%
Total assets€66,066-€47,936below the sector's middle half▼ 27.4%€73,986within the sector's middle half▲ 54.3%€83,457within the sector's middle half▲ 12.8%€108,839within the sector's middle half▲ 30.4%€93,250within the sector's middle half▼ 14.3%€105,228within the sector's middle half▲ 12.8%
Debt€24,656-€18,194▼ 26.2%€31,005▲ 70.4%€39,326▲ 26.8%€66,177▲ 68.3%€50,275▼ 24.0%€91,779▲ 82.6%
Working capital€34,010-€25,568within the sector's middle half▼ 24.8%€36,414within the sector's middle half▲ 42.4%€62,187within the sector's middle half▲ 70.8%€60,514within the sector's middle half▼ 2.7%€52,973within the sector's middle half▼ 12.5%€31,477within the sector's middle half▼ 40.6%
Solvency62.7%-62.0%within the sector's middle half▼ 0.6pp58.1%within the sector's middle half▼ 4.0pp52.9%within the sector's middle half▼ 5.2pp39.2%within the sector's middle half▼ 13.7pp46.1%within the sector's middle half▲ 6.9pp12.8%below the sector's middle half▼ 33.3pp
Current ratio2.38-2.41within the sector's middle half▲ 0.032.17within the sector's middle half▼ 0.234.70within the sector's middle half▲ 2.522.39within the sector's middle half▼ 2.312.91within the sector's middle half▲ 0.521.45within the sector's middle half▼ 1.45
Return on assets (ROA)21.7%--22.0%below the sector's middle half▼ 43.7pp17.9%within the sector's middle half▲ 39.9pp1.4%below the sector's middle half▼ 16.5pp1.1%below the sector's middle half▼ 0.2pp0.3%below the sector's middle half▼ 0.8pp0.0%below the sector's middle half▼ 0.3pp
Staff (FTE)0.7-
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 2025 is 79% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,228
Fixed assets
€4,472 ▼ 64.2%
Current assets
€100,756 ▲ 24.8%
Equity and liabilities €105,228
Equity
€13,449 ▼ 68.7%
Debt
€91,779 ▲ 82.6%
Debt's share of the balance-sheet total rises from 53.9% to 87.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,919▼
2024 · €9,878
Cash flow
€730▼
2024 · €4,454
Debt to equity
6.82▲
2024 · 1.17
ROE
-0.1%▼
2024 · 0.7%
Interest coverage
7.79▼
2024 · 38.62
Debt ≤ 1 year
€69,279▲
2024 · €27,775
Income taxes
€943▼
2024 · €5,168
Staff costs
€62,865▲
2024 · €39,562
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 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,227 | €9,583 | - |
| Financial fixed assets | - | - | €2,413 | - |
| Depreciation and write-downs of the year | €2,123 | €2,022 | €4,142 | €742 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €39,562 | €62,865 | ▲ 58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,122 | €3,226 | €3,484 | €2,123 | €2,022 | €4,142 | €742 | ▼ 82.1% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €2,237 | €2,867 | ▲ 28.2% |
| Gross operating margin9900 | €47,900 | €12,161 | €19,255 | €4,814 | €4,594 | €51,677 | €67,651 | ▲ 30.9% |
| Operating profit (loss)9901 | €24,335 | -€8,666 | €15,039 | €2,343 | €2,225 | €5,736 | €1,177 | ▼ 79.5% |
| Financial income75/76B | - | - | - | €1 | - | - | - | - |
| Recurring financial income75 | - | €0 | €12 | €1 | - | - | - | - |
| Financial charges65/66B | - | - | - | €228 | €365 | €256 | €247 | ▼ 3.6% |
| Recurring financial charges65 | €1,351 | €1,565 | €829 | €228 | €365 | €256 | €247 | ▼ 3.6% |
| Profit (loss) for the period before taxes9903 | €22,983 | -€10,231 | €14,221 | €2,116 | €1,859 | €5,481 | €931 | ▼ 83.0% |
| Income taxes67/77 | €8,635 | €308 | €982 | €966 | €620 | €5,168 | €943 | ▼ 81.8% |
| Profit (loss) for the period9904 | €14,348 | -€10,539 | €13,239 | €1,150 | €1,239 | €312 | -€12 | - |
| Profit (loss) for the period to be appropriated9905 | €14,348 | -€10,539 | €13,239 | €1,150 | €1,239 | €312 | -€12 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €66,066 | €47,936 | €73,986 | €83,457 | €108,839 | €93,250 | €105,228 | ▲ 12.8% |
| Fixed assets21/28 | €7,400 | €4,174 | €6,567 | €4,444 | €4,648 | €12,502 | €4,472 | ▼ 64.2% |
| Tangible fixed assets22/27 | €5,893 | €2,667 | €5,250 | €3,127 | €3,331 | €8,772 | €742 | ▼ 91.5% |
| Furniture and vehicles24 | - | - | - | €3,127 | €3,331 | €8,772 | €742 | ▼ 91.5% |
| Financial fixed assets28 | €1,507 | €1,507 | €1,317 | €1,317 | €1,317 | €3,730 | €3,730 | = |
| Current assets29/58 | €58,666 | €43,762 | €67,419 | €79,013 | €104,191 | €80,748 | €100,756 | ▲ 24.8% |
| Amounts receivable within one year40/41 | €33,736 | €31,026 | €32,615 | €24,974 | €66,233 | €37,652 | €71,662 | ▲ 90.3% |
| Trade receivables40 | - | - | - | €24,974 | €66,233 | €37,652 | €71,662 | ▲ 90.3% |
| Cash at bank and in hand54/58 | €24,128 | €11,926 | €33,181 | €53,155 | €36,853 | €40,628 | €29,094 | ▼ 28.4% |
| Deferred charges and accrued income490/1 | - | - | - | €885 | €1,105 | €2,468 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €66,066 | €47,936 | €73,986 | €83,457 | €108,839 | €93,250 | €105,228 | ▲ 12.8% |
| Equity10/15 | €41,410 | €29,742 | €42,981 | €44,131 | €42,663 | €42,975 | €13,449 | ▼ 68.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €35,210 | €34,081 | €36,781 | €37,931 | €36,463 | €36,463 | €6,949 | ▼ 80.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €36,071 | €34,603 | €34,603 | €5,089 | ▼ 85.3% |
| Profit (loss) carried forward14 | - | -€10,539 | - | - | - | €312 | €300 | ▼ 3.9% |
| Amounts payable17/49 | €24,656 | €18,194 | €31,005 | €39,326 | €66,177 | €50,275 | €91,779 | ▲ 82.6% |
| Amounts payable within one year42/48 | €24,656 | €18,194 | €31,005 | €16,826 | €43,677 | €27,775 | €69,279 | ▲ 149% |
| Trade debts44 | €11,475 | €10,958 | €30,460 | €11,260 | €39,720 | €14,871 | €47,256 | ▲ 218% |
| Suppliers440/4 | - | - | - | €11,260 | €39,720 | €14,871 | €47,256 | ▲ 218% |
| Taxes, remuneration and social security45 | - | - | - | €5,566 | €3,956 | €12,502 | €7,516 | ▼ 39.9% |
| Taxes450/3 | - | - | - | €5,566 | €3,956 | €12,502 | €4,975 | ▼ 60.2% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €2,541 | - |
| Other amounts payable47/48 | - | - | - | - | - | €402 | €14,507 | ▲ 36× |
| Accrued charges and deferred income492/3 | - | - | - | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,348 | -€10,539 | €13,239 | €1,150 | €1,239 | €312 | -€12 | - |
| + Depreciation and write-downs630 | €8,122 | €3,226 | €3,484 | €2,123 | €2,022 | €4,142 | €742 | ▼ 82.1% |
| Operating cash flow (approximation) | €22,469 | -€7,313 | €16,723 | €3,273 | €3,261 | €4,454 | €730 | ▼ 83.6% |
| Investment in fixed assets (approximation) | - | €0 | -€5,877 | €0 | -€2,227 | -€11,996 | €7,288 | - |
| Change in cash | - | -€12,202 | €21,255 | €19,974 | -€16,302 | €3,775 | -€11,534 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,166 companies had the same profile as Computer Assistance has now. Two years later, 94.1% were still going and 2.5% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
94.1%
was still going
3.0%
stopped otherwise
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Computer Assistance itself is lower: 0.2% within 12 months. It rests on far more data about Computer Assistance than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,166 companies, not a prediction for Computer Assistance. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 29-10-2025 | 2025-00555204 | |
| 31-03-2024 | micro format | 28-10-2024 | 2024-00518046 | |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00504879 | |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20515482 | |
| 31-03-2021 | micro format | 29-10-2021 | 2021-74800424 | |
| 31-03-2020 | micro format | 27-10-2020 | 2020-63800396 | |
| 31-03-2019 | micro format | 07-10-2019 | 2019-68900190 | |
| 31-03-2018 | micro format | 31-10-2018 | 2018-71300566 | |
| 31-03-2017 | full format | 31-10-2017 | 2017-68600481 |