crystal computing
ActiveSummary
crystal computing has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.80bn and a net result of €70.0m. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80=
Solvency100=
Growth78▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.21 in 2024; short-term debt: 9.9% of total assets), and 9.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.1%
Return on assets
1.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
36 d early
2023
26 d early
2022
24 d early
2021
26 d early
2020
9 d early
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by equity in Belgium, Telecoms and IT sector#1 company by total assets in Belgium, Computing infrastructure and information services sector#3 employer in Hainaut, Telecoms and IT sector
Turnover
€965.1m▲ 24.8%
2024 · €773.5m
EBIT margin
8.7%▼ 2.4pp
2024 · 11.1%
Net result
€70.0m▲ 165%
2024 · €26.4m
Working capital
-€376.7m▲ 44.8%
2024 · -€681.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€531.5m▼ 6.9%€740.6m▲ 39.3%€495.2m▼ 33.1%€773.5m▲ 56.2%€965.1m▲ 24.8%
Operating result€39.7m▼ 6.7%€56.1m▲ 41.5%€50.9m▼ 9.3%€86.1m▲ 69.2%€83.9m▼ 2.6%
Net result€29.4m▲ 16.4%€44.1m▲ 49.7%€22.5m▼ 49.1%€26.4m▲ 17.6%€70.0m▲ 165%
EBIT margin7.5%=7.6%▲ 0.1pp10.3%▲ 2.7pp11.1%▲ 0.9pp8.7%▼ 2.4pp
Equity€2.04bn▲ 27.9%€2.08bn▲ 2.2%€2.10bn▲ 1.1%€3.33bn▲ 58.3%€4.80bn▲ 44.1%
Total assets€2.34bn▲ 12.7%€2.58bn▲ 10.6%€2.86bn▲ 10.7%€4.19bn▲ 46.6%€5.33bn▲ 27.1%
Debt€297.6m▼ 37.8%€501.1m▲ 68.3%€755.6m▲ 50.8%€861.9m▲ 14.1%€527.6m▼ 38.8%
Working capital-€158.2m▲ 56.6%-€300.7m▼ 90.1%-€585.7m▼ 94.8%-€681.8m▼ 16.4%-€376.7m▲ 44.8%
Staff (FTE)121.1▲ 1.2%123.7▲ 2.1%123.2▼ 0.4%131.2▲ 6.5%155.5▲ 18.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.33bn
Fixed assets
€5.18bn ▲ 29.0%
Current assets
€150.8m ▼ 16.2%
Equity and liabilities €5.33bn
Equity
€4.80bn ▲ 44.1%
Debt
€527.6m ▼ 38.8%
Debt's share of the balance-sheet total falls from 20.6% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€655.1m▲
2024 · €505.8m
Cash flow
€641.1m▲
2024 · €446.1m
Current ratio
0.29▲
2024 · 0.21
Debt to equity
0.11▼
2024 · 0.26
ROE
1.5%▲
2024 · 0.8%
ROA
1.3%▲
2024 · 0.6%
Interest coverage
34.84▲
2024 · 19.60
Debt ≤ 1 year
€527.6m▼
2024 · €861.9m
Income taxes
-€869,849▼
2024 · €28.1m
Staff costs
€30.9m▲
2024 · €25.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €531.5m | €740.6m | €496.1m | €774.8m | €965.1m | ▲ 24.6% |
| Turnover70 | €531.5m | €740.6m | €495.2m | €773.5m | €965.1m | ▲ 24.8% |
| Other operating income74 | - | - | €860,972 | €1.3m | - | - |
| Operating charges60/66A | €491.8m | €684.4m | €445.2m | €688.7m | €881.2m | ▲ 28.0% |
| Services and other goods61 | €149.3m | €277.5m | €168.2m | €242.0m | €277.6m | ▲ 14.7% |
| Remuneration, social security and pensions62 | €24.2m | €20.5m | €24.9m | €25.9m | €30.9m | ▲ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €317.7m | €385.5m | €250.3m | €419.7m | €571.2m | ▲ 36.1% |
| Other operating charges640/8 | €538,845 | €921,261 | €1.8m | €1.0m | €1.5m | ▲ 41.3% |
| Operating profit (loss)9901 | €39.7m | €56.1m | €50.9m | €86.1m | €83.9m | ▼ 2.6% |
| Financial income75/76B | €29 | €17,344 | €3,927 | €713 | €4.5m | ▲ 636,297% |
| Recurring financial income75 | €29 | €17,344 | €3,927 | €713 | €4.5m | ▲ 636,297% |
| Other financial income752/9 | €29 | €17,344 | €3,927 | €713 | €4.5m | ▲ 636,297% |
| Financial charges65/66B | €97,065 | €1.4m | €15.4m | €31.6m | €19.4m | ▼ 38.9% |
| Recurring financial charges65 | €97,065 | €1.4m | €15.4m | €31.6m | €19.4m | ▼ 38.9% |
| Debt charges650 | €70,724 | €1.4m | €15.4m | €25.8m | €18.8m | ▼ 27.2% |
| Other financial charges652/9 | €26,341 | €27,428 | €67,047 | €5.8m | €550,296 | ▼ 90.6% |
| Profit (loss) for the period before taxes9903 | €39.6m | €54.8m | €35.5m | €54.5m | €69.1m | ▲ 26.8% |
| Income taxes67/77 | €10.1m | €10.7m | €13.0m | €28.1m | -€869,849 | ▼ 103% |
| Taxes670/3 | €10.1m | €10.7m | €13.0m | €28.1m | €17.7m | ▼ 36.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €18.6m | - |
| Profit (loss) for the period9904 | €29.4m | €44.1m | €22.5m | €26.4m | €70.0m | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €29.4m | €44.1m | €22.5m | €26.4m | €70.0m | ▲ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.34bn | €2.58bn | €2.86bn | €4.19bn | €5.33bn | ▲ 27.1% |
| Fixed assets21/28 | €2.20bn | €2.38bn | €2.69bn | €4.01bn | €5.18bn | ▲ 29.0% |
| Tangible fixed assets22/27 | €2.20bn | €2.38bn | €2.69bn | €4.01bn | €5.18bn | ▲ 29.0% |
| Land and buildings22 | €1.32bn | €1.26bn | €1.79bn | €1.76bn | €1.67bn | ▼ 5.5% |
| Plant, machinery and equipment23 | €578.4m | €536.8m | €721.3m | €1.77bn | €1.90bn | ▲ 7.6% |
| Furniture and vehicles24 | - | €74,412 | €273,828 | €410,887 | €739,596 | ▲ 80.0% |
| Other tangible fixed assets26 | €148,759 | €130,164 | €210,046 | €133,095 | €74,379 | ▼ 44.1% |
| Assets under construction and advance payments27 | €297.6m | €581.9m | €174.7m | €481.7m | €1.61bn | ▲ 234% |
| Current assets29/58 | €139.4m | €200.4m | €169.9m | €180.1m | €150.8m | ▼ 16.2% |
| Amounts receivable within one year40/41 | €136.9m | €198.0m | €167.9m | €165.9m | €134.2m | ▼ 19.1% |
| Other amounts receivable41 | €136.9m | €198.0m | €167.9m | €165.9m | €134.2m | ▼ 19.1% |
| Deferred charges and accrued income490/1 | €2.5m | €2.4m | €2.0m | €14.2m | €16.7m | ▲ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.34bn | €2.58bn | €2.86bn | €4.19bn | €5.33bn | ▲ 27.1% |
| Equity10/15 | €2.04bn | €2.08bn | €2.10bn | €3.33bn | €4.80bn | ▲ 44.1% |
| Contributions10/11 | €1.83bn | €1.83bn | €1.83bn | €3.03bn | €4.43bn | ▲ 46.2% |
| Reserves13 | €6.4m | €6.4m | €6.4m | €6.4m | €6.4m | = |
| Non-distributable reserves130/1 | €6.4m | €6.4m | - | - | - | - |
| Reserves not available under the articles1311 | €6.4m | €6.4m | - | - | - | - |
| Distributable reserves133 | - | - | €6.4m | €6.4m | €6.4m | = |
| Profit (loss) carried forward14 | €201.9m | €246.0m | €268.5m | €294.9m | €364.8m | ▲ 23.7% |
| Amounts payable17/49 | €297.6m | €501.1m | €755.6m | €861.9m | €527.6m | ▼ 38.8% |
| Amounts payable within one year42/48 | €297.6m | €501.1m | €755.6m | €861.9m | €527.6m | ▼ 38.8% |
| Trade debts44 | €118.0m | €112.6m | €48.6m | €134.9m | €356.8m | ▲ 165% |
| Suppliers440/4 | €118.0m | €112.6m | €48.6m | €134.9m | €356.8m | ▲ 165% |
| Taxes, remuneration and social security45 | €20.5m | €8.1m | €10.1m | €22.1m | €8.4m | ▼ 62.2% |
| Taxes450/3 | €10.5m | €1.8m | €1.9m | €15.0m | €295,283 | ▼ 98.0% |
| Remuneration and social security454/9 | €10.1m | €6.4m | €8.2m | €7.1m | €8.1m | ▲ 13.9% |
| Other amounts payable47/48 | €159.1m | €380.3m | €696.9m | €704.9m | €162.3m | ▼ 77.0% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29.4m | €44.1m | €22.5m | €26.4m | €70.0m | ▲ 165% |
| + Depreciation and write-downs630 | €317.7m | €385.5m | €250.3m | €419.7m | €571.2m | ▲ 36.1% |
| Operating cash flow (approximation) | €347.2m | €429.6m | €272.8m | €446.1m | €641.1m | ▲ 43.7% |
| Investment in fixed assets (approximation) | - | -€572.1m | -€557.7m | -€1.74bn | -€1.74bn | ▲ 0.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
State Gazette act
Resignation: Gabor Turschl (director)2 facts ▸
State Gazette act
Resignation: Gabor Turschl (director)
2 facts ▸
- General meeting, 12-05-2026
- Director resignation, Gabor Turschl (director)
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €70.0m ▲165%
Net result €70.0m, the highest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Equity above €2.5bnEq €3.33bn ▲58.3%
7 profitable years in a row build equity to €3.33bn.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 54 days late
2019
31-12
Financial
Equity above €1bnEq €1.57bn ▲254%
2 profitable years in a row build equity to €1.57bn.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 32 acts read
About the unread acts
Of the 32 Belgian State Gazette acts we know for this company, 1 has been read. The other 31 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
27-08-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
31 of this company's 32 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Saint-Ghislain · 2 establishment units since 2006
Ground area
1,602 m²
Building footprint
137 m²
Volume, LiDAR
784 m³
Parcel 53009B0760/00G000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Crystal Computing (Google Technology Belgium)
since 20062.155.943.279
Crystal Computing
since 20242.356.481.673
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009B0760/00G000 | Wallonia | 1,602 m² | 1 · 137 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
2138002PZS2IOU934959
Similar companies · same sector, comparable size
Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 2 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.