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crystal computing

Active Private limited companyfounded 2006active for 20 yearsRue de Ghlin 100, 7331 Saint-GhislainKBO/BCE: BE 0883.073.944 subsidiary of Alphabet Inc.#1 company by equity in Belgium, Telecoms and IT sector

Overview

Lifetime

19 annual accounts with figures on one time axis
peak €965.1m (2025)
€965.1m▲ 24.8%
lowest -€2,181 (2007)
€70.0m▲ 165%
peak €4.80bn (2025)
€4.80bn▲ 44.1%
€527.6m▼ 38.8%
peak 155.5 FTE (2025)
155.5 FTE▲ 18.5%
Board11 names since 2020
3 directorsNancy Walker Buurma and 2 others
Owners2 names in the annual accounts
consolidatesAlphabet Inc.
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Turnover from €773.5m to €965.1mResult from €26.4m to €70.0mStaff from 131.2 FTE to 155.5 FTEPermanent representatives: Elien De Greef and Han Wevers 18-11Capital increase of €1,400,000,000 14-11Resignation: Susanna McNiff (director) 25-02

Key points

from the 2025 annual accounts

Equity

€4.80bn ▲ 44.1%

crystal computing has made a profit without a break since 2008.

Result

€70.0m ▲ 165%
€26m2024€70m2025

The result rose in 2025 from €26.4m to €70.0m.

Investments

€1.75bn 3.1 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Payment terms

469 days to suppliers
Suppliers
203 to 469
Customers
78 to 51

crystal computing pays its suppliers 266 days later than in 2024. Customers pay 27 days earlier.

Filings

19 annual accounts since 2007
AprilJune31 JulyOctober2010201520202025

The 2019 accounts came 54 days late. The other nine of the last ten were filed on time.

Position in the sector

€70.0m

Higher net result than 95% of companies in computing infrastructure and information services. Sector median €44,177 · 224 companies.

Checked score

94
Excellent
Financially stronger than 92% of medium-sized companies in computing infrastructure and information services (NACE 63)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 37 companies (NACE 63, medium-sized).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

100=equity 90.1% of total assets
100+13short-term debt 9.9%
80=return on assets 1.3%

Score breakdown

raises risk
Liquidity: current ratio 0.29
lowers risk
Size: turnover €965.1m, 155.5 FTE, total assets €5.33bn
Equity €4.80bn (90.1% of total assets)
Founded in 2006
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 63, medium-sized). It does better than 92% of them on solvency, 99% on liquidity, 89% on profitability and 87% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 1,887 companies had the same profile as crystal computing has now. Each dot stands for 5 companies, two years later.

97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of crystal computing itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 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 1,887 companies, not a prediction for crystal computing. 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.

Credit verdict

Credit of up to €96,500,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.29 (0.21 in 2024), below 1. Short-term debt is 9.9% of total assets. 9.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.29
NBB · annual accounts
lowers risk · Size: turnover €965.1m, 155.5 FTE, total assets €5.33bn
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €4.80bn (90.1% of total assets)
NBB · annual accounts
lowers risk · Founded in 2006
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 filings
Deviation from the deadline
2025
28 days early
2024
36 days early
2023
26 days early
2022
24 days early
2021
26 days early
2020
9 days early
2019
54 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

NW
Director, since 28-02-2020
MP
MANICLE Paul
Director, since 03-02-2021
Board & ownership

Recent changes

Resignation: Gabor Turschl (director) General meeting of 12-05-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0883073944
Permanent representatives: Elien De Greef and Han Wevers General meeting of 23-10-2025 · Gazette deed
Capital increase of €1,400,000,000 4,658,655 new shares · Gazette deed
All 49 events

Comparable companies

same main activity, similar in size and age
Company
crystal computing Saint-Ghislain €965.1m 8.7% 90.1% 155.5
WORLDLINE Brussels €566.5m 4.1% 57.6% 544
COMBELL Ghent €56.8m 31.3% 57.4% 131.9
-10%0%10%20%€50,000€500,000€5m€50m€500mcrystal computingEBIT margin

Grey: the largest companies of the sector (computing infrastructure and information services (NACE 63)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as crystal computing: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €887m and €3.7bn, founded between 1978 and 2013.

Official details

Source: KBO
Status
Active since 21-08-2006Normal situation
Activity
Computing infrastructure, data processing, hosting and related activitiesNACE 63100and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment units
2.155.943.2797331 Saint-Ghislain, since 07-09-2006
2.356.481.6736240 Farciennes, since 09-02-2024
Financial year end
31 December
Peppol
Reachable since 05-12-2025
Company details

Annual accounts 2025

€965.1m▲ 24.8%
€70.0m▲ 165%
€4.80bn▲ 44.1%
€5.33bn▲ 27.1%
Employeeson 31-12-2025
168▲ 16.7%
Filing
Filed on 03-07-2026, 28 days before the end of the filing period
Financials

Insights on crystal computing

crystal computing has existed since 2006. In 2009 turnover rose from €11.5m to €49.6m and staff from 0.6 to 12.7 full-time equivalents.

Solvency rose in 2025 from 79.4% to 90.1% because of the retained profit and lower debts.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 03-07-2026, 28 days before the deadline
€965.1m
▲ 24.8%
€83.9m
▼ 2.6%
€655.1m
▲ 29.5%
€641.1m
▲ 43.7%
90.1%
▲ 10.7 percentage points
0.29
▲ 0.08

Money flows

of every €100 of turnover, €7.25 remains as profit in 2025

Balance sheet

balance sheet total €5.33bn on 31-12-2025
What the company ownsHow it is paid for

in €m

Position in the sector

90.1%

Higher than 89% of 224 companies in 2025.

0.29

Higher than 5% of 219 companies in 2025.

1.3%

Higher than 45% of 223 companies in 2025.

crystal computing Middle half of the sector 80% of the sector Full accounts in computing infrastructure and information services (NACE 63)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter

Staff

Men and women13% women

135.4 men and 20.1 women in full-time equivalents in 2025.

€198,944

Men €199,497, women €195,224 per full-time equivalent. Jobs differ, so this is not a pay gap.

+24 people

people who joined people who left

In 2025, 35 people joined and 11 left. Agency workers: 2.5 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 5.33bn4.19bn2.86bn2.58bn2.34bn2.07bn1.88bn1.56bn950.0m844.1m832.8m838.1m594.4m411.2m400.5m358.0m294.3m237.8m27.0m
21/28 5.18bn4.01bn2.69bn2.38bn2.20bn1.96bn1.84bn1.51bn925.4m828.8m825.2m834.8m579.5m393.7m379.2m349.0m261.4m220.9m25.4m
21 --------------80,677274,302---
22/27 5.18bn4.01bn2.69bn2.38bn2.20bn1.96bn1.84bn1.51bn925.4m828.8m825.2m834.8m579.5m393.4m379.2m348.4m261.3m220.8m25.4m
22 1.67bn1.76bn1.79bn1.26bn1.32bn1.23bn793.7m459.7m430.5m458.2m478.8m504.5m207.7m223.1m234.1m182.2m144.0m112.8m4.4m
23 1.90bn1.77bn721.3m536.8m578.4m495.8m541.7m612.3m354.1m284.2m294.4m306.4m171.2m156.7m133.8m94.1m41.2m17.4m-
24 739,596410,887273,82874,412----7,06717,68128,30444,92190,75591,563129,451167,339---
26 74,379133,095210,046130,164148,759-------3,47013,87824,28734,69545,104--
27 1.61bn481.7m174.7m581.9m297.6m233.3m500.3m441.1m140.8m86.4m52.0m23.9m200.6m13.5m11.1m71.9m76.1m90.5m21.0m
28 -------------299,442-300,000120,000120,000-
282/3 -----0-------------
284/8 -------------299,442-300,000120,000120,000-
285/8 -------------299,442-300,000120,000120,000-
29/58 150.8m180.1m169.9m200.4m139.4m113.8m44.1m48.6m24.6m15.4m7.6m3.2m14.9m17.5m21.3m9.0m32.9m16.9m1.6m
3 -----00------------
40/41 134.2m165.9m167.9m198.0m136.9m105.5m43.6m2.9m6.1m2.3m2.7m2.0m3.0m3.1m12.1m4.5m9.4m6.6m251,165
40 ---------1,26354,8023,3474,8141.2m9.6m517,651686-193,986
41 134.2m165.9m167.9m198.0m136.9m105.5m43.6m2.9m6.1m2.3m2.6m2.0m3.0m1.9m2.5m4.0m9.4m6.6m57,179
54/58 ------035.1m12.7m12.7m4.7m999,42811.7m14.3m9.2m4.5m23.2m10.3m1.3m
490/1 16.7m14.2m2.0m2.4m2.5m8.3m541,36910.6m5.7m383,605222,495196,777189,428112,05129,11919,365222,616--
Balance sheet: equity and liabilities
10/49 5.33bn4.19bn2.86bn2.58bn2.34bn2.07bn1.88bn1.56bn950.0m844.1m832.8m838.1m594.4m411.2m400.5m358.0m294.3m237.8m27.0m
10/15 4.80bn3.33bn2.10bn2.08bn2.04bn1.59bn1.57bn443.3m423.4m406.5m390.6m373.6m358.8m345.3m334.3m325.7m279.8m528,8444,019
10/11 4.43bn3.03bn1.83bn1.83bn1.83bn1.42bn1.10bn315.0m315.0m315.0m315.0m315.0m315.0m315.0m315.0m315.0m275.0m6,2006,200
100 ------1.10bn315.0m315.0m315.0m315.0m315.0m315.0m315.0m315.0m315.0m275.0m18,55018,550
101 ------12,35012,35012,35012,35012,35012,35012,35012,35012,35012,35012,35012,35012,350
11 ------318.2m------------
1100/10 ------318.2m------------
13 6.4m6.4m6.4m6.4m6.4m6.4m6.4m6.4m5.4m4.5m3.8m2.9m2.2m1.5m940,959511,406213,5731,855-
130/1 ---6.4m6.4m6.4m-------------
130 ------6.4m6.4m5.4m4.5m3.8m2.9m2.2m1.5m940,959511,406213,5731,855-
1311 ---6.4m6.4m6.4m-------------
133 6.4m6.4m6.4m----------------
14 364.8m294.9m268.5m246.0m201.9m172.5m147.2m121.9m103.0m86.9m71.9m55.7m41.7m28.8m18.4m10.2m4.5m520,789-2,181
17/49 527.6m861.9m755.6m501.1m297.6m478.2m311.3m1.12bn526.6m437.7m442.1m464.5m235.6m65.9m66.2m32.3m14.6m237.3m26.9m
17 ------06.7m410.3m338.9m337.2m251.8m154.2m57.3m57.3m----
170/4 --------410.3m338.9m337.2m251.8m154.2m57.3m57.3m----
174 --------410.3m338.9m337.2m251.8m154.2m57.3m57.3m----
175 ------06.7m-----------
1750 ------06.7m-----------
42/48 527.6m861.9m755.6m501.1m297.6m478.2m311.3m1.11bn116.3m98.8m105.0m204.2m80.0m8.6m9.0m32.3m14.6m237.3m26.9m
42 ------05.7m-----------
43 -----2,3991,595------------
430/8 -----2,3991,595------------
44 356.8m134.9m48.6m112.6m118.0m65.2m142.1m295.0m111.6m89.4m97.8m198.6m76.6m6.4m7.5m31.1m13.5m15.1m9.3m
440/4 356.8m134.9m48.6m112.6m118.0m65.2m142.1m295.0m111.6m89.4m97.8m198.6m76.6m6.4m7.5m31.1m13.5m15.1m9.3m
45 8.4m22.1m10.1m8.1m20.5m16.6m6.7m4.7m4.7m9.3m7.1m5.5m3.4m2.1m1.5m1.2m1.1m387,475-
450/3 295,28315.0m1.9m1.8m10.5m11.2m2.0m1.3m1.1m6.3m3.4m2.7m957,575380,352124,282245,478368,936317,551-
454/9 8.1m7.1m8.2m6.4m10.1m5.4m4.7m3.4m3.6m3.1m3.8m2.9m2.5m1.8m1.3m914,185696,87069,924-
47/48 162.3m704.9m696.9m380.3m159.1m396.4m162.5m806.4m---------221.8m17.6m
492/3 ----0------8.6m1.4m70,779----8,200
Income statement
70/76A 965.1m774.8m496.1m740.6m531.5m571.0m491.0m385.7m339.5m295.8m276.8m213.4m191.2m151.0m116.3m79.5m49.8m11.5m33,885
70 965.1m773.5m495.2m740.6m531.5m571.0m491.0m385.7m339.1m295.8m276.6m213.3m191.2m151.0m116.3m79.5m49.6m11.5m-
72 ----------------233,481--
74 -1.3m860,972----------------
76A -----00------------
60/66A 881.2m688.7m445.2m684.4m491.8m528.5m453.3m355.7m311.9m271.5m253.9m191.6m175.4m138.0m107.4m73.6m46.2m10.6m27,276
61 277.6m242.0m168.2m277.5m149.3m89.7m81.1m63.3m56.2m55.7m49.9m42.4m42.9m36.1m28.8m25.2m17.3m8.5m27,276
62 30.9m25.9m24.9m20.5m24.2m19.9m18.0m14.3m13.8m13.0m13.2m10.8m8.2m6.3m4.1m2.7m1.9m146,841-
630 571.2m419.7m250.3m385.5m317.7m417.9m349.7m277.7m225.4m199.8m190.0m137.7m123.7m95.1m74.1m45.5m25.9m1.9m-
640/8 1.5m1.0m1.8m921,261538,845994,939702,110429,77816.5m3.1m742,833726,532612,160405,938399,513285,7161.1m12,589-
66A -----03.8m------49,052-----
9901 83.9m86.1m50.9m56.1m39.7m42.5m37.6m30.0m27.7m24.3m23.0m21.8m15.8m13.0m8.9m5.9m3.7m924,4886,609
75/76B 4.5m7133,92717,3442920,90915,67624,34560,3569,12175810,75911,155243,8195,27182,619578,743--
75 4.5m7133,92717,3442920,90915,67624,34560,3569,12175810,75911,155243,8195,27182,619578,743--
751 --------9419,1217587,23410,93520,6955,27128,329576,240--
752/9 4.5m7133,92717,3442920,90915,67624,34559,415--3,525221223,124-54,2902,503--
65/66B 19.4m31.6m15.4m1.4m97,065290,1601.4m1.6m2.5m2.4m2.5m6.4m1.8m2.2m295,38215,26923,85074,3268,790
65 19.4m31.6m15.4m1.4m97,065290,1601.4m1.6m2.5m2.4m2.5m6.4m1.8m2.2m295,38215,26923,85074,3268,790
650 18.8m25.8m15.4m1.4m70,724281,4991.4m1.6m2.5m2.4m2.4m6.4m1.7m1.7m----4,691
652/9 550,2965.8m67,04727,42826,3418,66101157,67718,02937,47923,31911,187464,859295,38215,26923,85074,3264,099
9903 69.1m54.5m35.5m54.8m39.6m42.3m36.3m28.5m25.2m21.9m20.5m15.4m14.0m11.0m8.6m6.0m4.2m850,161-2,181
67/77 -869,84928.1m13.0m10.7m10.1m17.0m10.9m8.6m8.3m6.1m3.4m715,773523,56421,033---5,095325,337-
670/3 17.7m28.1m13.0m10.7m10.1m17.0m10.9m8.6m8.3m6.1m3.4m715,773523,56421,033---325,337-
77 18.6m----0219-27,3942,062------5,095--
9904 70.0m26.4m22.5m44.1m29.4m25.3m25.3m19.9m16.9m15.8m17.1m14.7m13.5m11.0m8.6m6.0m4.2m524,824-2,181
9905 70.0m26.4m22.5m44.1m29.4m25.3m25.3m19.9m16.9m15.8m17.1m14.7m13.5m11.0m8.6m6.0m4.2m524,824-2,181
Appropriation of the result
9906 364.8m294.9m268.5m246.0m201.9m172.5m147.2m122.9m103.8m87.7m72.7m56.4m42.3m29.4m18.8m10.5m4.8m522,644-2,181
14P 294.9m268.5m246.0m201.9m172.5m--------------
691/2 ------0994,782844,402792,222853,606736,033675,358551,092429,553297,833211,7181,855-
6920 ------0994,782844,402792,222853,606736,033675,358551,092429,553297,833211,7181,855-
Social balance sheet
9087 155.5131.2123.2123.7121.1119.7110.798.1100.6101.1106.186.870.25132.519.812.70.6-
Men (FTE)1003 135.4115.4105105.5104104.795.787.189.391.898.382.367.650-----
Women (FTE)1003 20.115.816.616.61715151111.39.37.84.52.61-----
Agency workers1501 2.54.50.818.811.510.569.27.96.210.59.49-7.97.23.12.8-
Hours worked1013 248,828201,372187,668190,784191,523189,97141,452157,718162,116165,268175,124145,906117,17085,52852,12533,67721,679658-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 49 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 2025 at the NBB, filed on 03-07-2026.

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
31-12-2025 full format 03-07-2026 2026-00262259 PDF
31-12-2024 unclassified schema 25-06-2025 2025-00184862 PDF
31-12-2023 unclassified schema 05-07-2024 2024-00218406 PDF
31-12-2022 unclassified schema 07-07-2023 2023-00213085 PDF
31-12-2021 unclassified schema 05-07-2022 2022-20143455 PDF
31-12-2020 unclassified schema 22-07-2021 2021-39600213 PDF
31-12-2019 full format 23-09-2020 2020-55500144 PDF
31-12-2018 full format 10-07-2019 2019-31800236 PDF
31-12-2017 full format 18-06-2018 2018-19800124 PDF
31-12-2016 full format 31-07-2017 2017-39900169 PDF
31-12-2015 full format 16-06-2016 2016-19100195 PDF
31-12-2014 full format 18-06-2015 2015-19200039 PDF
31-12-2013 full format 04-08-2014 2014-39400517 PDF
31-12-2012 full format 18-06-2013 2013-19100007 PDF
31-12-2011 full format 27-06-2012 2012-23400277 PDF
31-12-2010 full format 25-07-2011 2011-32600146 PDF
31-12-2009 full format 14-07-2010 2010-30700589 PDF
31-12-2008 full format 18-11-2009 2009-85500374 PDF
31-12-2007 full format 29-08-2008 2008-65200218 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
655.1m505.8m301.2m441.6m357.4m460.5m387.3m307.7m253.0m224.1m213.0m159.5m139.5m108.2m83.0m51.4m29.6m2.8m-
641.1m446.1m272.8m429.6m347.2m443.2m375.0m297.6m242.3m215.6m207.1m152.4m137.2m106.2m82.7m51.4m30.2m2.4m-
1.75bn1.75bn574.0m575.5m564.9m542.1m695.1m907.6m328.7m214.1m232.8m416.3m316.4m120.5m111.2m136.6m69.8m197.3m25.4m
-------35.1m22.4m-9,5908.0m3.7m-10.7m-2.6m5.1m4.7m-18.8m12.9m9.0m-
-376.7m-681.8m-585.7m-300.7m-158.2m-364.4m-267.2m-1.06bn-91.7m-83.4m-97.4m-200.9m-65.1m9.0m12.3m-23.3m18.3m-220.4m-25.4m
8.7%11.1%10.3%7.6%7.5%7.5%7.7%7.8%8.2%8.2%8.3%10.2%8.3%8.6%7.6%7.4%7.4%8.0%-
90.1%79.4%73.6%80.6%87.3%76.9%83.4%28.4%44.6%48.2%46.9%44.6%60.4%84.0%83.5%91.0%95.1%0.2%0.0%
0.290.210.220.400.470.240.140.040.210.160.070.020.192.042.370.282.260.070.06
0.110.260.360.240.150.300.202.521.241.081.131.240.660.190.200.100.05--
1.5%0.8%1.1%2.1%1.4%1.6%1.6%4.5%4.0%3.9%4.4%3.9%3.8%3.2%2.6%1.8%1.5%99.2%-54.2%
1.3%0.6%0.8%1.7%1.3%1.2%1.3%1.3%1.8%1.9%2.1%1.8%2.3%2.7%2.1%1.7%1.4%0.2%0.0%
34.8419.6019.59over 100over 100over 100over 100over 100over 10093.7287.0025.0279.8663.21-----
51 days78 days124 days98 days94 days67 days32 days3 days7 days0 days0 days0 days0 days3 days30 days2 days0 days210 days-
469 days203 days106 days148 days288 days265 days640 days1700 days724 days586 days716 days1710 days652 days65 days95 days452 days285 days649 days124414 days

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date168144122123122
full-time162140116117115
part-time64667
in full-time equivalents166.4143120.7121.8121.1
155.5131.2121.6122.1121
On a permanent contract168144121123122
Joined3530695
Left118776
Agency workers, average number2.54.50.818.811.5

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1.75bn€1.75bn€574.0m€575.5m€564.9m
€571.2m€419.7m€250.3m€385.5m€317.7m

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20252024202320222021
Fee for the audit€56,575€56,575€40,761€40,761€45,671

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on crystal computing

The operating result for 2025 is 3% lower than in 2024.

Debt's share of the balance-sheet total falls from 20.6% to 9.9%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, last change in August 2026
Director
since 28-02-2020 term without a fixed end
listed in the 2025 annual accounts, filed on 03-07-2026
MANICLE Paul
Director
since 03-02-2021
listed in the 2025 annual accounts, filed on 03-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“7. Les Actionnaires décident, pour autant que besoin, conformément à l'article 14 des statuts de la Société, que chaque administrateur…”
deed of 14-08-2020

Office holders in the KBO →

Mandates through the years

11 names, the dashed line is today
MANICLE Paul
Director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • Nancy Walker Buurma
    • Director, from 28-02-2020 to date
  • MANICLE Paul
    • Director, from 03-02-2021 to date
  • Gabor Turschl
    • Director, appointed by deed of 23-02-2022, until 27-08-2026
  • Susanna McNiff
    • Director, appointed by deed of 12-02-2021, until 24-01-2025
  • Emst & Young Réviseurs d'Entreprise scrl
    • Statutory auditor, appointed by deed of 14-09-2020, until 03-08-2023
  • SRL Ernst et Young Réviseurs d'Entreprises
    • Statutory auditor, appointed by deed of 03-08-2023, no longer listed in the 2025 annual accounts
  • Joshua David Paul
    • Director, appointed by deed of 14-08-2020, until 23-02-2022
  • Nicholas John Leeder
    • Director, appointed by deed of 14-08-2020, until 18-11-2020
    • Director, until 03-02-2021
  • Fionnuala Meehan
    • Director, until 31-03-2020
  • Kathryn Walker Hali
    • Director, until 28-02-2020
  • Daniel Martinelli
    • Director, until 27-01-2020

See the board, name and registered office on a given date →

Control

Consolidating parent
Alphabet Inc. US
consolidates
This company
crystal computing
Equity €4.80bn
Profit €70.0m in 2025

Capital

Contribution
€4,430,006,200
Shares
15,743,802
Contribution per share
€281
Equity per share
€305 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Alphabet Inc. US
consolidates
Google Inc. US
consolidates until 2014
Owners as a list

Source: parent in its own accounts

Articles of association

deed of 05-02-2021 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 10:00

Capital transactions

Capital over time
  1. 14-11-2025 Capital increase of €1,400,000,000 · 4,658,655 new shares at €300.52 per share · in cash
  2. 05-02-2021 Converted to available equity
  3. 05-02-2021 Capital increase of €415,000,000 · 1,473,788 new shares at €281.59 per share · in cash
  4. 01-08-2019 Capital increase of €781,752,790.09 · to €1,096,771,340.09 · 3,970,574 new shares, 71.3% of the 5,570,574 shares after the increase · in cash

Network & group

Parent

Alphabet Inc.
United States

Connections & network

2 current directors
Depth

The network starts from the directors of crystal computing. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

49 events since 2006

Deadline for the 2026 accounts: 31-07-2027

2026
Resignation: Gabor Turschl (director)General meeting of 12-05-20262 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBfull format · 28 days before the deadline
2025
Highest result from 2007 to 2025 net €70.0m ▲165% The net result of €70.0m is the highest of those years.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0883073944
Permanent representatives: Elien De Greef and Han WeversGeneral meeting of 23-10-20253 points ▸
  • General meeting, 23-10-2025
  • Permanent representative, Elien De Greef
  • Permanent representative, Han Wevers

Open the deed in the Belgian Official Gazette

Capital increase of €1,400,000,0004,658,655 new shares4 points ▸
  • Capital increase, €1,400,000,000
  • Share issue, €4,658,655
  • Amendment of the articles, article 5
  • Power of attorney, Emmanuelle VAN HAMME
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFunclassified schema · 36 days before the deadline
Resignation: Susanna McNiff (director)General meeting of 24-01-20252 points ▸

Open the deed in the Belgian Official Gazette

2024
Equity above €2.5bn equity €3.33bn ▲58.3% After 17 profitable years in a row, equity reaches €3.33bn.
Share issue · Amendment of the articlesIssue of 2,180,235 shares · General meeting of 25-10-20243 points ▸
  • General meeting, 25-10-2024
  • Amendment of the articles, article 5
  • Power of attorney, Stijn RAES
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFunclassified schema · 26 days before the deadline
Power of attorney: Thiery GeertsBoard meeting of 02-04-20242 points ▸
  • Board meeting, 02-04-2024
  • Power of attorney, Thiery Geerts

Open the deed in the Belgian Official Gazette

Share issueIssue of 1,860,550 shares · General meeting of 14-03-20243 points ▸
  • General meeting, 14-03-2024
  • Amendment of the articles, article 5
  • Power of attorney, Stijn RAES
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

New establishment in Farciennes Rue Jean Monnet 1
2023
Reappointment: Ernst et Young Réviseurs d'Entreprises SRL (statutory auditor)General meeting of 30-06-20232 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFunclassified schema · 24 days before the deadline
2022
Annual accounts 2021 filed PDFunclassified schema · 26 days before the deadline
Resignation: Joshua David Paul (director)Appointment: Gabor Turschl (director) · General meeting of 02-12-20213 points ▸

Open the deed in the Belgian Official Gazette

2021
Annual accounts 2020 filed PDFunclassified schema · 9 days before the deadline
Power of attorney: Thierry GeertsBoard meeting of 04-03-20212 points ▸
  • Board meeting, 04-03-2021
  • Power of attorney, Thierry Geerts (country manager attorney)

Open the deed in the Belgian Official Gazette

Resignation: Nicholas John Leeder (director)General meeting of 16-11-20202 points ▸

Open the deed in the Belgian Official Gazette

Appointment: Susanna McNiff (director)General meeting of 29-01-20212 points ▸

Open the deed in the Belgian Official Gazette

Capital increase of €415,000,0001,473,788 new shares · General meeting of 13-01-20216 points ▸
  • General meeting, 13-01-2021
  • Board composition, Nancy Walker Buurma (director (not named in the articles))
  • Board composition, Paul Manicle (director (not named in the articles))
  • Board composition, Joshua David Paul (director (not named in the articles))
  • Capital increase, €415,000,000
  • 7,044,362 shares
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Resignation: Nicholas John Leeder (director)General meeting of 16-11-20202 points ▸

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFfull format · 54 days late
Reappointment: Emst & Young Réviseurs d'Entreprise SCRL (statutory auditor)General meeting of 04-09-20202 points ▸

Open the deed in the Belgian Official Gazette

3 directors appointed, 3 resignationsResignations: Kathryn Walker Hali, Daniel Martinelli and Fionnuala Meehan · Appointments: Nancy Walker Buurma, Joshua David Paul and Nicholas John Leeder · General meeting of 16-04-20207 points ▸

Open the deed in the Belgian Official Gazette

2019
Equity above €1bn equity €1.57bn ▲254% After 12 profitable years in a row, equity reaches €1.57bn.
Capital increase of €781,752,790.09 to €1,096,771,340.09Capital from €315,018,550 to €1,096,771,340.09, 3,970,574 new shares · General meeting of 30-07-20195 points ▸
  • General meeting, 30-07-2019
  • Capital increase, €781,752,790.09
  • Capital, €1,096,771,340.09, 5,570,574 shares
  • Power of attorney, Stijn RAES
  • Power of attorney, Sigrid FREDERICKX
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFfull format · 21 days before the deadline
Amendment of the articlesGeneral meeting of 28-02-20191 point ▸
2018
Annual accounts 2017 filed PDFfull format · 43 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · on the deadline day
2016
Annual accounts 2015 filed PDFfull format · 45 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 43 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 4 days late
2013
Annual accounts 2012 filed PDFfull format · 43 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 34 days before the deadline
2011
Liquidity more than 8 times current ratio 2.37 The current ratio rises from 0.28 to 2.37. Short-term debt falls from €32.3m to €9.0m.
Annual accounts 2010 filed PDFfull format · 6 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 17 days before the deadline
2009
Liquidity more than 31 times current ratio 2.26 The current ratio rises from 0.07 to 2.26. Short-term debt falls from €237.3m to €14.6m.
Equity above €250m equity €279.8m ▲52,801% After 2 profitable years in a row, equity reaches €279.8m.
Annual accounts 2008 filed PDFfull format · 110 days late
2008
Back to profit net €524,824 The net result is €524,824, after one loss-making year.
Equity above €500,000 equity €528,844 ▲13,057% Equity rises from €4,019 to €528,844.
Annual accounts 2007 filed PDFfull format · 29 days late
2006
First establishment Crystal Computing (Google Technology Belgium), Rue de Ghlin 100, Saint-Ghislain
Incorporation PDFpublished on 29-08-2006

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 21 August 2006, crystal computing was incorporated.1 The capital was increased 3 times between 2019 and 2025.234 Turnover went from €385.7m in 2018 to €965.1m in 2025 and headcount from 98.1 to 156 full-time equivalents.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 01-08-2019
  3. 3Belgian Official Gazette, 05-02-2021
  4. 4Belgian Official Gazette, 14-11-2025
  5. 5National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0883.073.944
VAT number
BE 0883.073.944
Peppol ID
0208:0883073944
Other Peppol ID
9925:BE0883073944
LEI code
2138002PZS2IOU934959 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
21-08-2006
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 10:00
deed of 05-02-2021 (in French)
Peppol
Reachable since 05-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
crystal computing in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 05-02-2021 (in French)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
63110 Computing infrastructure, data processing, hosting and other information service activities main activity
62020 IT consultancy
Social security (RSZ) activities
63110 Computing infrastructure, data processing, hosting and other information service activities main activity
Codes under NACEBEL 2003
72300 main activity
72100
PurposeThe purpose describes the activities the company may carry out under its articles.
“La société a pour objet,en Belgique et à l’étranger,pour son compte propre et pour le compte de tiers,seule ou en collaboration avec des…”
4 activities
  1. La société a pour objet,en Belgique et à l’étranger,pour son compte propre et pour le compte de tiers,seule ou en collaboration avec des tiers,la fourniture de services et solutions dans les domaines du traitement et de la communication de tous types de données électroniques ou autres.
  2. A cet effet,la société peut acquérir,détenir,prendre en licence,utiliser et transférer des brevets,des marques commerciales,du savoir-faire technique et industriel et,de manière générale,tous autres droits de propriété intellectuelle.
  3. La société peut accomplir toutes activités commerciales,industrielles et financières et toutes opérations portant sur des biens mobiliers et immobiliers ayant un lien direct ou indirect avec son objet,ainsi que toutes activités de nature à favoriser son développement.
  4. La société peut s’intéresser à toutes sociétés ou entreprises,existantes ou à constituer,en Belgique ou à l’étranger,ayant un objet similaire ou correspondant au sien,ou lui permettant de réaliser son objet,par voie d’apport en numéraire ou en nature,fusion,souscription,participation,intervention financière ou autrement.
deed of 05-02-2021 (in French)

Registered office and establishments

2 establishments

1 of 2 establishments on the map

Establishment Since Unit number
Crystal Computing (Google Technology Belgium) registered office Rue de Ghlin 100, 7331 Saint-Ghislain 07-09-2006 2.155.943.279
Rue Jean Monnet 1 6240 Farciennes 09-02-2024 2.356.481.673

Location

registered office establishment approximate 1 of 2 establishment units on the map

Seveso establishment

CRYSTAL COMPUTING SPRL lower tier
7331 Baudour