CONFER
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-01-2026 PDF all 26 filings
Turnover
€98,675=
2019 · €98,639
EBIT margin
24.5%▼ 4.0pp
2019 · 28.6%
Net result
€27,331▲ 310%
2024 · €6,672
Working capital
-€65,222▼ 1.3%
2024 · -€64,405
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
€46,666
▲ 216%
2025
20192025
Net result
€27,331
▲ 310%
2025
middle half of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€141,743
▲ 23.9%
2025
middle half of the sector
20192025
Total assets
€233,067
▼ 6.8%
2025
middle half of the sector
20192025
Debt
€91,324
▼ 17.0%
2025
20192025
Working capital
-€65,222
▼ 1.3%
2025
lowest quarter of the sector
20192025
Solvency
60.8%
▲ 15.1pp
2025
middle half of the sector
20192025
Current ratio
0.10
▲ 0.06
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
11.7%
▲ 9.1pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€98,639-€98,675=
Operating result€28,186-€24,205▼ 14.1%€17,947▼ 25.9%€21,752▲ 21.2%€22,637▲ 4.1%€14,770▼ 34.8%€46,666▲ 216%
Net result€15,298-€5,115within the sector's middle half▼ 66.6%€5,692within the sector's middle half▲ 11.3%€12,245within the sector's middle half▲ 115%€16,065within the sector's middle half▲ 31.2%€6,672within the sector's middle half▼ 58.5%€27,331within the sector's middle half▲ 310%
EBIT margin28.6%-24.5%▼ 4.0pp
Equity€68,623-€73,738within the sector's middle half▲ 7.5%€79,430within the sector's middle half▲ 7.7%€91,675within the sector's middle half▲ 15.4%€107,740within the sector's middle half▲ 17.5%€114,412within the sector's middle half▲ 6.2%€141,743within the sector's middle half▲ 23.9%
Total assets€332,555-€283,182above the sector's middle half▼ 14.8%€259,073within the sector's middle half▼ 8.5%€244,307within the sector's middle half▼ 5.7%€244,188within the sector's middle half=€250,203within the sector's middle half▲ 2.5%€233,067within the sector's middle half▼ 6.8%
Debt€238,232-€183,744▼ 22.9%€153,943▼ 16.2%€126,932▼ 17.5%€110,748▼ 12.8%€110,091▼ 0.6%€91,324▼ 17.0%
Working capital-€19,852--€44,751below the sector's middle half▼ 125%-€71,225below the sector's middle half▼ 59.2%-€72,146below the sector's middle half▼ 1.3%-€85,278below the sector's middle half▼ 18.2%-€64,405below the sector's middle half▲ 24.5%-€65,222below the sector's middle half▼ 1.3%
Solvency20.6%-26.0%below the sector's middle half▲ 5.4pp30.7%below the sector's middle half▲ 4.6pp37.5%within the sector's middle half▲ 6.9pp44.1%within the sector's middle half▲ 6.6pp45.7%within the sector's middle half▲ 1.6pp60.8%within the sector's middle half▲ 15.1pp
Current ratio0.76-0.30below the sector's middle half▼ 0.460.11below the sector's middle half▼ 0.190.10below the sector's middle half▼ 0.010.10below the sector's middle half=0.03below the sector's middle half▼ 0.070.10below the sector's middle half▲ 0.06
Return on assets (ROA)4.6%-1.8%below the sector's middle half▼ 2.8pp2.2%below the sector's middle half▲ 0.4pp5.0%within the sector's middle half▲ 2.8pp6.6%within the sector's middle half▲ 1.6pp2.7%below the sector's middle half▼ 3.9pp11.7%within the sector's middle half▲ 9.1pp
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 nearly 3.2 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233,067
Fixed assets
€226,131 ▼ 8.8%
Current assets
€6,936 ▲ 210%
Equity and liabilities €233,067
Equity
€141,743 ▲ 23.9%
Provisions
€0 ▼ 100%
Debt
€91,324 ▼ 17.0%
Debt's share of the balance-sheet total falls from 44.0% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68,885▲
2024 · €34,158
Cash flow
€49,550▲
2024 · €26,060
Debt to equity
0.64▼
2024 · 0.96
ROE
19.3%▲
2024 · 5.8%
Interest coverage
13.29▲
2024 · 6.47
Debt ≤ 1 year
€72,158▲
2024 · €66,645
Debt > 1 year
€19,166▼
2024 · €37,104
Income taxes
€14,150▲
2024 · €2,816
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €13,422 | €32,645 | €387 |
| Depreciation and write-downs of the year | €14,092 | €14,854 | €19,388 | €22,219 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €98,639 | €98,675 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,777 | €15,600 | €14,092 | €14,092 | €14,854 | €19,388 | €22,219 | ▲ 14.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | -€25,700 | - |
| Other operating charges640/8 | - | - | - | €2,147 | €2,792 | €7,059 | €2,863 | ▼ 59.4% |
| Gross operating margin9900 | €46,798 | €43,132 | €34,256 | €37,991 | €40,283 | €41,217 | €46,048 | ▲ 11.7% |
| Operating profit (loss)9901 | €28,186 | €24,205 | €17,947 | €21,752 | €22,637 | €14,770 | €46,666 | ▲ 216% |
| Financial income75/76B | - | - | - | €160 | - | - | - | - |
| Recurring financial income75 | €5,395 | €29 | €2 | €160 | - | - | - | - |
| Financial charges65/66B | - | - | - | €6,167 | €5,503 | €5,282 | €5,185 | ▼ 1.8% |
| Recurring financial charges65 | €12,026 | €11,808 | €6,378 | €6,167 | €5,503 | €5,282 | €5,185 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €21,555 | €12,426 | €11,571 | €15,745 | €17,134 | €9,488 | €41,481 | ▲ 337% |
| Income taxes67/77 | €6,257 | €7,311 | €5,879 | €3,500 | €1,069 | €2,816 | €14,150 | ▲ 402% |
| Profit (loss) for the period9904 | €15,298 | €5,115 | €5,692 | €12,245 | €16,065 | €6,672 | €27,331 | ▲ 310% |
| Profit (loss) for the period to be appropriated9905 | €15,298 | €5,115 | €5,692 | €12,245 | €16,065 | €6,672 | €27,331 | ▲ 310% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €332,555 | €283,182 | €259,073 | €244,307 | €244,188 | €250,203 | €233,067 | ▼ 6.8% |
| Fixed assets21/28 | €269,328 | €264,322 | €250,230 | €236,138 | €234,706 | €247,963 | €226,131 | ▼ 8.8% |
| Tangible fixed assets22/27 | €269,328 | €264,322 | €250,230 | €236,138 | €234,706 | €247,963 | €226,131 | ▼ 8.8% |
| Land and buildings22 | - | - | - | €217,330 | €209,659 | €201,988 | €194,318 | ▼ 3.8% |
| Furniture and vehicles24 | - | - | - | €4,670 | €2,335 | €28,111 | €17,229 | ▼ 38.7% |
| Other tangible fixed assets26 | - | - | - | €14,138 | €22,712 | €17,864 | €14,584 | ▼ 18.4% |
| Current assets29/58 | €63,227 | €18,860 | €8,843 | €8,169 | €9,482 | €2,240 | €6,936 | ▲ 210% |
| Amounts receivable within one year40/41 | €63,227 | €5,434 | €8,843 | €8,169 | €9,321 | €2,240 | €6,936 | ▲ 210% |
| Trade receivables40 | - | - | - | €7,147 | €9,321 | €2,240 | €6,936 | ▲ 210% |
| Other amounts receivable41 | - | - | - | €1,022 | - | - | - | - |
| Cash at bank and in hand54/58 | - | €13,426 | - | - | €161 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €332,555 | €283,182 | €259,073 | €244,307 | €244,188 | €250,203 | €233,067 | ▼ 6.8% |
| Equity10/15 | €68,623 | €73,738 | €79,430 | €91,675 | €107,740 | €114,412 | €141,743 | ▲ 23.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €29,160 | ▲ 16× |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | - | €27,300 | - |
| Profit (loss) carried forward14 | €48,163 | €53,278 | €58,970 | €71,215 | €87,280 | €93,952 | €93,983 | = |
| Provisions and deferred taxes16 | €25,700 | €25,700 | €25,700 | €25,700 | €25,700 | €25,700 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €25,700 | €25,700 | €25,700 | - | - |
| Major repairs and maintenance162 | - | - | - | €25,700 | €25,700 | €25,700 | - | - |
| Amounts payable17/49 | €238,232 | €183,744 | €153,943 | €126,932 | €110,748 | €110,091 | €91,324 | ▼ 17.0% |
| Amounts payable after more than one year17 | €130,782 | €107,960 | €73,875 | €38,617 | €7,488 | €37,104 | €19,166 | ▼ 48.3% |
| Financial debts170/4 | - | - | - | €38,617 | €7,488 | €37,104 | €19,166 | ▼ 48.3% |
| Amounts payable within one year42/48 | €83,079 | €63,611 | €80,068 | €80,315 | €94,760 | €66,645 | €72,158 | ▲ 8.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €36,322 | €41,293 | €24,421 | €18,249 | ▼ 25.3% |
| Financial debts43 | - | - | - | €22,637 | €23,036 | €11,127 | €22,821 | ▲ 105% |
| Credit institutions430/8 | - | - | - | €22,637 | €23,036 | €11,127 | €22,821 | ▲ 105% |
| Trade debts44 | €10,011 | €12,278 | €9,340 | €12,936 | €14,139 | €11,338 | €6,467 | ▼ 43.0% |
| Suppliers440/4 | - | - | - | €12,936 | €14,139 | €11,338 | €6,467 | ▼ 43.0% |
| Taxes, remuneration and social security45 | - | - | - | €8,420 | €8,512 | €7,271 | €19,362 | ▲ 166% |
| Taxes450/3 | - | - | - | €8,420 | €8,512 | €7,271 | €19,362 | ▲ 166% |
| Other amounts payable47/48 | - | - | - | - | €7,780 | €12,488 | €5,259 | ▼ 57.9% |
| Accrued charges and deferred income492/3 | - | - | - | €8,000 | €8,500 | €6,342 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,298 | €5,115 | €5,692 | €12,245 | €16,065 | €6,672 | €27,331 | ▲ 310% |
| + Depreciation and write-downs630 | €15,777 | €15,600 | €14,092 | €14,092 | €14,854 | €19,388 | €22,219 | ▲ 14.6% |
| Operating cash flow (approximation) | €31,075 | €20,715 | €19,784 | €26,337 | €30,919 | €26,060 | €49,550 | ▲ 90.1% |
| Investment in fixed assets (approximation) | - | -€10,594 | €0 | €0 | -€13,422 | -€32,645 | -€387 | ▲ 98.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as CONFER has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CONFER itself is higher: 0.8% within 12 months. It rests on far more data about CONFER 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 31,368 companies, not a prediction for CONFER. 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.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 26-01-2026 | 2026-00014155 | |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00013573 | |
| 30-06-2023 | micro format | 27-01-2024 | 2024-00008765 | |
| 30-06-2022 | micro format | 11-01-2023 | 2023-20556559 | |
| 30-06-2021 | micro format | 18-02-2022 | 2022-05800431 | |
| 30-06-2020 | micro format | 23-02-2021 | 2021-06100472 | |
| 30-06-2019 | micro format | 25-02-2020 | 2020-05700116 | |
| 30-06-2018 | micro format | 21-02-2019 | 2019-05400481 | |
| 30-06-2017 | full format | 26-02-2018 | 2018-05400260 | |
| 30-06-2016 | full format | 25-02-2017 | 2017-05100203 |