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Correlation

Active Private limited companyfounded 2011active for 15 yearsRue Derrière les Haies 49, 4280 HannutKBO/BCE: BE 0839.201.042 #8 company by equity in Hannut, Telecoms and IT sector
Correlation
Financial year 2026
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Annual accounts 2026

micro format, filed on 22-09-2026, 39 days before the deadline
€91,870
▲ 23.0%
€67,357
▲ 38.1%
€48,239
▲ 38.1%
€121,284
▼ 34.2%
57.1%
▼ 25.0 percentage points
1.88
▼ 3.57

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €180,000. Estimated: probably between €160,000 and €230,000.

In the rankings #8 company by equity in Hannut, Telecoms and IT sector#10 company by total assets in Hannut, Telecoms and IT sector#10 oldest company in Hannut, Telecoms and IT sector

Balance sheet

balance sheet total €323,340 on 31-03-2026
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

57.1%

Higher than 78% of 21,217 companies in 2025.

1.88

Higher than 77% of 20,581 companies in 2025.

14.9%

Higher than 38% of 20,756 companies in 2025.

Correlation Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20262025202420232022202120202019201820172016201520142013
Balance sheet: assets
20/58 323,340294,514280,022258,084193,355194,946176,159162,253140,229128,12396,85880,13581,79286,677
21/28 63,53368,74889,042104,03143,17560,42157,34872,79873,38983,45547,82319,25921,66927,518
22/27 63,50868,72389,017104,00643,15060,39657,32372,77373,36483,43047,79819,23421,64427,493
23 17,25121,03728,30235,56630,67035,37222,08127,48633,01135,07834,405480--
24 40,89146,70660,71668,44012,47925,02435,24245,28740,35348,35213,39318,75421,64427,493
26 5,366980------------
28 2525252525252525252525252525
29/58 259,807225,766190,979154,053150,180134,525118,81189,45566,84044,66849,03560,87660,12359,159
29 ----7,6284,5007,0719,64312,21414,78517,357---
290 ---------14,785----
291 ----7,6284,5007,0719,64312,214-17,357---
40/41 34,26717,99016,28117,04047,18242,10844,64920,99425,16614,83021,17412,97723,91024,188
40 34,26717,99016,28117,04045,76242,10844,64920,99425,16614,83021,17412,97723,91024,188
41 ----1,420---------
50/53 19,52210,000------------
54/58 205,725197,080174,476136,31394,40687,02966,51558,56229,46015,05310,00447,89936,21334,971
490/1 292696223699964888576256--500---
Balance sheet: equity and liabilities
10/49 323,340294,514280,022258,084193,355194,946176,159162,253140,229128,12396,85880,13581,79286,677
10/15 184,618241,929224,010195,823169,627161,492141,067123,759111,23895,40682,19467,87261,98444,036
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,55018,55018,55018,55018,55018,55018,55018,550
101 ------12,35012,35012,35012,35012,35012,35012,35012,350
11 -----6,200--------
1109/19 -----6,200--------
13 136,700193,177175,258147,072120,875112,74092,35575,35565,35550,85538,15524,85522,35513,855
130/1 ---1,8551,8551,855--------
130 ------1,8551,8551,8551,8551,8551,8551,8551,855
1311 ---1,8551,8551,855--------
132 13,50013,50013,50013,50013,50020,38543,50043,50043,50036,00030,00023,00020,50012,000
133 123,200179,677161,758131,717105,52090,50047,00030,00020,00013,0006,300---
14 41,71942,55242,55242,55242,55242,55242,51242,20439,68338,35137,83936,81733,42923,981
17/49 138,72152,58656,01262,26123,72833,45435,09238,49428,99132,71714,66412,26319,80842,641
17 -10,92222,41333,477-6,68015,50224,22811,21319,482--6,52814,982
170/4 -10,92222,41333,477-6,68015,50224,22811,21319,482--6,52814,982
42/48 138,52341,47833,44928,72823,72826,77419,59014,26617,77813,23514,66412,26311,23027,659
42 10,92211,49111,06410,6536,6808,8228,7258,6298,3348,562-6,5298,4548,176
44 1,8111,6056771,6889681,0283452,7722,8052,30111,5791,0001,4011,803
440/4 1,8111,6056771,6889681,0283452,7722,8052,30111,5791,0001,4011,803
45 19,90611,04711,4739,13010,17410,0679,5651,6365,4111,1561,7582,9364915,025
450/3 19,90611,04711,4739,1307,64310,0679,5651,6365,4111,1561,7582,9364915,025
454/9 ----2,530---------
47/48 105,88417,33510,2357,2575,9076,8579551,2291,2281,2161,3271,7981,3262,655
492/3 19818615056--------2,050-
Income statement
76A -------------4,272
9900 91,87074,71278,76666,73044,07965,00356,69541,09843,68341,52035,13522,39528,81962,763
630 23,21224,83323,49210,62220,06220,04220,59020,00421,44519,79916,88411,62010,13113,928
640/8 1,3011,1231,0903,8779648791,8881,4731,0231,2811,0981,0524901,555
66A --------5--409--
9901 67,35748,75654,18352,23123,05444,08234,21719,62121,21020,44017,1539,72318,19847,280
75/76B 1,8352,0481,187398360325352312281292435612591209
75 1,8352,0481,187398360325352312281292435612591209
65/66B 1,2431,1921,6034132233083961,254732,8981985667211,296
65 1,2431,1921,6034132233083961,254734251985667211,296
66B ---------2,473----
9903 67,94949,61353,76852,21623,19144,09934,17318,67921,41817,83417,3909,36018,06850,465
67/77 19,71014,69315,58119,0209,05616,67416,8656,1595,5864,6223,0683,47212012,629
9904 48,23934,91938,18633,19614,13527,42517,30812,52015,83213,21214,3225,88817,94837,836
789 ----6,88523,115--------
689 --------7,5006,0007,0002,5008,50012,000
9905 48,23934,91938,18633,19621,02050,54017,30812,5208,3327,2127,3223,3889,44825,836
Appropriation of the result
9906 90,79177,47180,73875,74863,57293,05259,51252,20446,68345,05144,13936,81733,42925,836
14P 42,55242,55242,55242,55242,552---------
791/2 104,71717,00010,0007,0006,0007,000--------
691/2 48,23934,91938,18633,19621,02050,50017,00010,0007,0006,7006,300--1,855
6920 -------------1,855
6921 48,23934,91938,18633,19621,02050,50017,00010,0007,0006,7006,300---
694/7 105,55017,00010,0007,0006,0007,000--------
694 105,55017,00010,0007,0006,0007,000--------
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The notes to these accounts have 8 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 2026 at the NBB, filed on 22-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 22-09-2026 2026-00531572 PDF
31-03-2025 micro format 08-09-2025 2025-00491740 PDF
31-03-2024 micro format 01-10-2024 2024-00499957 PDF
31-03-2023 micro format 12-09-2023 2023-00445432 PDF
31-03-2022 micro format 07-10-2022 2022-20461039 PDF
31-03-2021 micro format 15-09-2021 2021-67600043 PDF
31-03-2020 micro format 29-10-2020 2020-66500107 PDF
31-03-2019 micro format 30-10-2019 2019-72200580 PDF
31-03-2018 micro format 29-09-2018 2018-67600333 PDF
31-03-2017 micro format 26-10-2017 2017-68100110 PDF
31-03-2016 full format 30-09-2016 2016-64200493 PDF
31-03-2015 full format 07-10-2015 2015-64500268 PDF
31-03-2014 full format 25-09-2014 2014-61000218 PDF
31-03-2013 full format 19-10-2013 2013-63500080 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20262025202420232022202120202019201820172016201520142013
90,56973,59077,67562,85343,11564,12454,80739,62542,65540,23934,03721,34328,32961,208
71,45159,75261,67843,81834,19747,46737,89832,52437,27733,01131,20617,50828,07951,764
17,9974,5398,50380,9422,81523,1155,14047,76711,38359,55845,8369,6194,28240,776
8,64522,60438,16341,9077,37720,5147,95329,10214,4075,049-37,89511,6861,242-
121,284184,289157,530125,325126,452107,75199,22175,18949,06231,43334,37148,61348,89331,500
57.1%82.1%80.0%75.9%87.7%82.8%80.1%76.3%79.3%74.5%84.9%84.7%75.8%50.8%
1.885.445.715.366.335.026.066.273.763.373.344.965.352.14
0.750.220.250.320.140.210.250.310.260.340.180.180.320.97
26.1%14.4%17.0%17.0%8.3%17.0%12.3%10.1%14.2%13.8%17.4%8.7%29.0%85.9%
14.9%11.9%13.6%12.9%7.3%14.1%9.8%7.7%11.3%10.3%14.8%7.3%21.9%43.7%
72.8761.7448.46over 100over 100---------

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.

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets€17,997€4,539€8,503€80,942€2,815
€23,212€24,833€23,492€10,622€20,062

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on Correlation

The operating result for 2026 is 38% higher than in 2025 and the highest since 2013. It is a recovery after the fall in 2025.

Debt's share of the balance-sheet total rises from 17.9% to 42.9%. Equity is lower and debt is higher.

Next steps

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