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COMPUTER PROJECT PARTNERS

Active
Private limited companyfounded 2001active for 25 yearsBrugse Steenweg 227, 9990 Maldegem, BelgiumKBO/BCE: BE 0475.088.182

Financials · financial year 2025, micro format

2025 annual accounts filed 52 days after the deadline Filed on 21 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00517668.

Annual accounts 2025 filed on 21-09-2026 at the NBB all 24 filings

Turnover
≈ €150,000
Estimated: probably between €120,000 and €190,000
Total assets
€235,840▲ 7.3%
2024 · €219,863
Net result
€31,294▲ 7.1%
2024 · €29,227
Working capital
€154,464▲ 7.8%
2024 · €143,271
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 6% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Operating result€45,714 2025 Net result€31,294 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€16,762-€26,517▲ 58.2%€41,131▲ 55.1%€26,929▼ 34.5%€31,917▲ 18.5%€38,517▲ 20.7%€43,107▲ 11.9%€45,714▲ 6.0%
Net result€10,293-€16,785▲ 63.1%€24,690within the sector's middle half▲ 47.1%€20,345within the sector's middle half▼ 17.6%€21,921within the sector's middle half▲ 7.7%€23,192within the sector's middle half▲ 5.8%€29,227within the sector's middle half▲ 26.0%€31,294within the sector's middle half▲ 7.1%
Equity€43,725-€60,511▲ 38.4%€85,201within the sector's middle half▲ 40.8%€101,545within the sector's middle half▲ 19.2%€123,466within the sector's middle half▲ 21.6%€146,658within the sector's middle half▲ 18.8%€175,885above the sector's middle half▲ 19.9%€196,886above the sector's middle half▲ 11.9%
Total assets€65,495-€94,734▲ 44.6%€118,866within the sector's middle half▲ 25.5%€122,784within the sector's middle half▲ 3.3%€140,864within the sector's middle half▲ 14.7%€208,398within the sector's middle half▲ 47.9%€219,863within the sector's middle half▲ 5.5%€235,840within the sector's middle half▲ 7.3%
Debt€21,770-€34,224▲ 57.2%€33,665▼ 1.6%€21,239▼ 36.9%€17,397▼ 18.1%€61,740▲ 255%€43,978▼ 28.8%€38,955▼ 11.4%
Working capital€40,210-€47,746▲ 18.7%€75,751within the sector's middle half▲ 58.7%€92,591within the sector's middle half▲ 22.2%€103,419within the sector's middle half▲ 11.7%€115,503within the sector's middle half▲ 11.7%€143,271above the sector's middle half▲ 24.0%€154,464above the sector's middle half▲ 7.8%
Solvency66.8%-63.9%▼ 2.9pp71.7%within the sector's middle half▲ 7.8pp82.7%above the sector's middle half▲ 11.0pp87.6%above the sector's middle half▲ 4.9pp70.4%within the sector's middle half▼ 17.3pp80.0%within the sector's middle half▲ 9.6pp83.5%above the sector's middle half▲ 3.5pp
Current ratio2.85-2.70▼ 0.153.65within the sector's middle half▲ 0.956.90above the sector's middle half▲ 3.266.97above the sector's middle half▲ 0.074.39within the sector's middle half▼ 2.586.17above the sector's middle half▲ 1.776.06above the sector's middle half▼ 0.10
Return on assets (ROA)15.7%-17.7%▲ 2.0pp20.8%within the sector's middle half▲ 3.1pp16.6%within the sector's middle half▼ 4.2pp15.6%within the sector's middle half▼ 1.0pp11.1%within the sector's middle half▼ 4.4pp13.3%within the sector's middle half▲ 2.2pp13.3%within the sector's middle half=
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.
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 €235,840
Fixed assets €50,872 ▲ 4.1%
Current assets €184,968 ▲ 8.2%
Equity and liabilities €235,840
Equity €196,886 ▲ 11.9%
Debt €38,955 ▼ 11.4%
Debt's share of the balance-sheet total falls from 20.0% to 16.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€61,458▲
2024 · €56,562
Cash flow
€47,038▲
2024 · €42,682
Debt to equity
0.20▼
2024 · 0.25
ROE
15.9%▼
2024 · 16.6%
Interest coverage
26.69▲
2024 · 22.21
Debt ≤ 1 year
€30,503▲
2024 · €27,737
Debt > 1 year
€8,451▼
2024 · €16,238
Income taxes
€12,813▲
2024 · €11,869
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as COMPUTER PROJECT PARTNERS: computer programming (NACE 62100). They are comparable in size and age: total assets between €204,000 and €259,000, founded between 1999 and 2003.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
COMPUTER PROJECT PARTNERS Maldegem2001€235,840€196,886€62,325€31,2942025
BITTGIT Lochristi2001€205,879€159,542€62,670€25,7892025
VAN DEN BOGAERDE FRANKIE Lievegem2003€203,709€166,479€54,476€33,9002025
IT MATTERS Beveren-Kruibeke-Zwijndrecht2000€237,472€205,397€65,880€40,5072025
GD CONSULTING Antwerpen2001€258,518€146,327€64,012€42,5642025
MAVEX Antwerpen2001€259,359€235,039€62,008€23,1932025
Scoops Ardooie1999€242,014€152,343€62,385€29,4632025

They were chosen from the 9,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 31,368 companies had the same profile as COMPUTER PROJECT PARTNERS has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of COMPUTER PROJECT PARTNERS itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for COMPUTER PROJECT PARTNERS. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines

Source: Annual accounts 2025 at the NBB, filed on 21-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€219,863€235,840▲
Fixed assets21/28€48,855€50,872▲
Tangible fixed assets22/27€48,855€50,872▲
Plant, machinery and equipment23€1,733€3,261▲
Furniture and vehicles24€32,824€35,869▲
Other tangible fixed assets26€14,298€11,742▼
Current assets29/58€171,008€184,968▲
Amounts receivable within one year40/41€24,438€31,316▲
Trade receivables40€15,360€18,579▲
Other amounts receivable41€9,078€12,737▲
Current investments50/53€17,419€22,408▲
Cash at bank and in hand54/58€125,777€128,953▲
Deferred charges and accrued income490/1€3,374€2,290▼
Equity and liabilities
Total equity and liabilities10/49€219,863€235,840▲
Equity10/15€175,885€196,886▲
Contributions10/11€12,450€12,450=
Reserves13€163,435€184,436▲
Distributable reserves133€163,435€184,436▲
Profit (loss) carried forward14-€0
Amounts payable17/49€43,978€38,955▼
Amounts payable after more than one year17€16,238€8,451▼
Financial debts170/4€16,238€8,451▼
Amounts payable within one year42/48€27,737€30,503▲
Current portion of amounts payable after more than one year42€11,455€15,377▲
Financial debts43€3,772€5,113▲
Credit institutions430/8€3,772€5,113▲
Trade debts44€2,206€1,897▼
Suppliers440/4€2,206€1,897▼
Taxes, remuneration and social security45€10,304€8,116▼
Taxes450/3€10,304€8,116▼
Accrued charges and deferred income492/3€4€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,455€15,744▲
Other operating charges640/8€477€867▲
Gross operating margin9900€57,039€62,325▲
Operating profit (loss)9901€43,107€45,714▲
Financial income75/76B€535€696▲
Recurring financial income75€535€696▲
Financial charges65/66B€2,547€2,303▼
Recurring financial charges65€2,547€2,303▼
Profit (loss) for the period before taxes9903€41,095€44,107▲
Income taxes67/77€11,869€12,813▲
Profit (loss) for the period9904€29,227€31,294▲
Profit (loss) for the period to be appropriated9905€29,227€31,294▲
Appropriation of the result
Profit (loss) to be appropriated9906€29,227€31,294▲
Transfer from equity791/2-€10,293
Transfer to equity691/2€29,227€31,294▲
To other reserves6921€29,227€31,294▲
Profit to be distributed694/7-€10,293
Return on contributions (dividend)694-€10,293

The notes to these accounts have 9 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-----€4,269---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,690€5,175€5,457€6,132€6,678€12,183€13,455€15,744▲ 17.0%
Other operating charges640/8---€672€649€1,122€477€867▲ 81.9%
Gross operating margin9900€24,988€32,488€47,335€33,734€39,243€51,822€57,039€62,325▲ 9.3%
Operating profit (loss)9901€16,762€26,517€41,131€26,929€31,917€38,517€43,107€45,714▲ 6.0%
Financial income75/76B---€396€340€1,230€535€696▲ 29.9%
Recurring financial income75€55€596€1,242€396€340€1,230€535€696▲ 29.9%
Financial charges65/66B---€502€401€6,285€2,547€2,303▼ 9.6%
Recurring financial charges65€1,040€2,897€5,954€502€401€6,285€2,547€2,303▼ 9.6%
Profit (loss) for the period before taxes9903€15,778€24,217€36,418€26,823€31,856€33,463€41,095€44,107▲ 7.3%
Income taxes67/77€5,485€7,431€11,728€6,478€9,935€10,271€11,869€12,813▲ 8.0%
Profit (loss) for the period9904€10,293€16,785€24,690€20,345€21,921€23,192€29,227€31,294▲ 7.1%
Profit (loss) for the period to be appropriated9905€10,293€16,785€24,690€20,345€21,921€23,192€29,227€31,294▲ 7.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€65,495€94,734€118,866€122,784€140,864€208,398€219,863€235,840▲ 7.3%
Fixed assets21/28€3,516€18,860€14,483€14,510€20,129€58,848€48,855€50,872▲ 4.1%
Tangible fixed assets22/27€3,324€18,860€14,483€14,510€20,129€58,848€48,855€50,872▲ 4.1%
Plant, machinery and equipment23---€12,304€7,447€5,759€1,733€3,261▲ 88.2%
Furniture and vehicles24---€2,206€1,103€42,669€32,824€35,869▲ 9.3%
Other tangible fixed assets26----€11,578€10,420€14,298€11,742▼ 17.9%
Financial fixed assets28€191--------
Current assets29/58€61,980€75,875€104,383€108,274€120,735€149,550€171,008€184,968▲ 8.2%
Amounts receivable within one year40/41€28,861€26,702€29,030€13,885€30,822€20,645€24,438€31,316▲ 28.1%
Trade receivables40---€13,867€30,641€15,559€15,360€18,579▲ 21.0%
Other amounts receivable41---€19€181€5,087€9,078€12,737▲ 40.3%
Current investments50/53-€21,870€22,740€24,500€24,500€17,651€17,419€22,408▲ 28.6%
Cash at bank and in hand54/58€31,343€26,838€51,472€68,718€64,025€110,049€125,777€128,953▲ 2.5%
Deferred charges and accrued income490/1---€1,170€1,387€1,205€3,374€2,290▼ 32.1%
Equity and liabilities
Total equity and liabilities10/49€65,495€94,734€118,866€122,784€140,864€208,398€219,863€235,840▲ 7.3%
Equity10/15€43,725€60,511€85,201€101,545€123,466€146,658€175,885€196,886▲ 11.9%
Contributions10/11€12,450€12,450-€12,450€12,450€12,450€12,450€12,450=
Reserves13€33,105€48,061€72,751€89,095€111,016€134,208€163,435€184,436▲ 12.8%
Distributable reserves133---€89,095€111,016€134,208€163,435€184,436▲ 12.8%
Profit (loss) carried forward14-€1,829------€0-
Amounts payable17/49€21,770€34,224€33,665€21,239€17,397€61,740€43,978€38,955▼ 11.4%
Amounts payable after more than one year17-€6,096€1,533--€27,693€16,238€8,451▼ 48.0%
Financial debts170/4-----€27,693€16,238€8,451▼ 48.0%
Amounts payable within one year42/48€21,770€28,128€28,632€15,683€17,316€34,047€27,737€30,503▲ 10.0%
Current portion of amounts payable after more than one year42---€4,218€2,667€10,870€11,455€15,377▲ 34.2%
Financial debts43-----€2,739€3,772€5,113▲ 35.5%
Credit institutions430/8-----€2,739€3,772€5,113▲ 35.5%
Trade debts44€8,234€9,311€9,316€7,486€11,546€12,538€2,206€1,897▼ 14.0%
Suppliers440/4---€7,486€11,546€12,538€2,206€1,897▼ 14.0%
Taxes, remuneration and social security45---€2,753€1,834€7,901€10,304€8,116▼ 21.2%
Taxes450/3---€2,753€1,834€7,901€10,304€8,116▼ 21.2%
Other amounts payable47/48---€1,226€1,270----
Accrued charges and deferred income492/3---€5,556€81-€4€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€10,293€16,785€24,690€20,345€21,921€23,192€29,227€31,294▲ 7.1%
+ Depreciation and write-downs630€6,690€5,175€5,457€6,132€6,678€12,183€13,455€15,744▲ 17.0%
Operating cash flow (approximation)€16,983€21,960€30,147€26,477€28,599€35,374€42,682€47,038▲ 10.2%
Investment in fixed assets (approximation)--€20,519-€1,080-€6,160-€12,296-€50,902-€3,463-€17,761▼ 413%
Change in cash--€4,505€24,634€17,247-€4,693€46,024€15,728€3,176▼ 79.8%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 24 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 21-09-2026 2026-00517668 NBB
31-12-2024 micro format 31-08-2025 2025-00456001 PDF
31-12-2023 micro format 21-08-2024 2024-00355894 PDF
31-12-2022 micro format 15-10-2023 2023-00486292 PDF
31-12-2021 micro format 27-07-2022 2022-20227518 PDF
31-12-2020 micro format 02-07-2021 2021-29000470 PDF
31-12-2019 micro format 25-06-2020 2020-21400459 PDF
31-12-2018 micro format 11-07-2019 2019-31100197 PDF
31-12-2017 micro format 27-06-2018 2018-26600547 PDF
31-12-2016 micro format 28-08-2017 2017-52500561 PDF

Show all 24 filings

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