Digital Payroll Services (0806.902.319): financials and annual accounts

Digital Payroll Services

Ghent ·KBO/BCE: BE 0806.902.319

Line	2025	2024	2023	2022	2021	2020	2018	2017	2016	2015	2014	2013	2012	2011	2009
Balance sheet: assets
Total assets`20/58`	4.5m	3.8m	4.8m	3.9m	3.0m	3.0m	2.3m	973,258	562,337	489,478	402,173	376,106	348,102	300,281	251,384
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	146	340	729
Fixed assets`21/28`	77,834	32,282	14,442	24,796	40,421	55,738	16,663	136,680	17,427	14,491	13,710	38,065	85,702	96,318	107,858
Intangible fixed assets`21`	-	-	7,590	21,974	36,357	53,689	12,178	17,206	7,485	3,308	908	2,936	3,969	6,243	5,048
Tangible fixed assets`22/27`	74,534	32,282	3,507	2,822	4,064	2,049	1,145	116,135	6,602	7,843	5,842	8,171	7,220	15,368	27,713
Plant, machinery and equipment`23`	-	-	-	11	369	1,216	545	2,310	3,670	3,166	2,418	-	-	-	-
Furniture and vehicles`24`	42,739	18,072	-	-	-	-	133	198	1,421	2,644	3,202	7,318	6,650	14,386	26,466
Other tangible fixed assets`26`	31,795	14,210	3,507	2,811	3,695	833	467	989	1,511	2,033	221	854	570	982	1,247
Financial fixed assets`28`	3,300	-	3,345	-	-	-	3,340	3,340	3,340	3,340	6,960	26,958	74,368	74,368	74,368
Other financial fixed assets`284/8`	3,300	-	3,345	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable and cash guarantees`285/8`	3,300	-	3,345	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	4.4m	3.8m	4.7m	3.9m	2.9m	2.9m	2.3m	836,578	544,910	474,987	388,463	338,040	262,400	203,962	143,525
Amounts receivable after more than one year`29`	-	-	-	-	5,000	15,739	31,213	43,213	52,358	54,000	-	-	-	-	-
Other amounts receivable`291`	-	-	-	-	5,000	15,739	31,213	43,213	52,358	54,000	-	-	-	-	-
Amounts receivable within one year`40/41`	3.1m	2.8m	2.8m	2.3m	2.1m	2.0m	1.3m	633,217	446,232	391,266	374,115	321,998	255,107	179,317	118,419
Trade receivables`40`	3.1m	2.5m	2.8m	2.2m	2.0m	1.6m	1.3m	626,890	446,232	386,811	310,034	286,254	190,390	148,284	117,419
Other amounts receivable`41`	40,792	237,462	-	68,581	75,956	388,930	7,694	6,327	-	4,455	64,081	35,744	64,717	31,033	1,000
Cash at bank and in hand`54/58`	1.3m	976,838	1.9m	1.5m	728,159	840,907	903,895	149,238	12,684	3,143	82	14,861	571	24,645	25,106
Deferred charges and accrued income`490/1`	3,306	21,325	27,535	26,667	92,690	56,769	196	10,910	33,636	26,578	14,266	1,182	6,722	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	4.5m	3.8m	4.8m	3.9m	3.0m	3.0m	2.3m	973,258	562,337	489,478	402,173	376,106	348,102	300,281	251,384
Equity`10/15`	301,387	289,894	222,693	221,295	218,472	179,692	-80,386	-96,660	14,450	-7,352	-28,485	50,520	32,896	29,958	56,241
Contributions`10/11`	61,500	61,500	61,500	61,500	61,500	32,000	32,000	32,000	32,000	32,000	32,000	32,000	32,000	32,000	31,000
Capital`10`	61,500	61,500	61,500	61,500	61,500	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	61,500	61,500	61,500	61,500	61,500	-	32,000	32,000	32,000	32,000	32,000	32,000	32,000	32,000	32,000
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000
Reserves`13`	6,150	5,714	21,150	21,150	21,150	18,200	18,200	18,200	18,200	18,200	18,200	18,200	3,200	3,200	25,200
Non-distributable reserves`130/1`	6,150	5,001	6,150	6,150	6,150	3,200	-	-	-	-	-	-	-	-	-
Legal reserve`130`	6,150	5,001	6,150	6,150	6,150	-	3,200	3,200	3,200	3,200	3,200	3,200	3,200	3,200	3,200
Reserves not available under the articles`1311`	-	-	-	-	-	3,200	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	-	713	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	-	-	22,000
Profit (loss) carried forward`14`	233,737	222,680	140,043	138,645	135,822	129,492	-130,586	-146,860	-35,750	-57,552	-78,685	320	-2,304	-5,242	41
Amounts payable`17/49`	4.2m	3.5m	4.5m	3.7m	2.8m	2.8m	2.4m	1.1m	547,888	496,830	430,658	325,586	315,206	270,322	195,142
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	468,834	-	16,667	36,667	56,667	100,000	111,892	139,520
Financial debts`170/4`	-	-	-	-	-	-	-	468,834	-	16,667	36,667	56,667	100,000	111,892	139,520
Amounts payable within one year`42/48`	4.1m	3.5m	4.5m	3.6m	2.6m	2.8m	2.4m	599,084	524,611	435,269	391,138	263,452	199,547	154,234	52,273
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	37,546	16,667	20,000	20,000	20,000	15,270	11,439	4,935
Financial debts`43`	-	-	-	167,089	297,893	-	446,136	150,000	197,324	171,694	149,293	-	-	-	-
Credit institutions`430/8`	-	-	-	167,089	297,893	-	446,136	150,000	197,324	171,694	149,293	-	-	-	-
Trade debts`44`	1.5m	2.0m	2.0m	1.5m	255,338	250,046	492,802	130,086	99,503	115,976	93,391	32,619	24,557	17,742	2,006
Suppliers`440/4`	1.5m	2.0m	2.0m	1.5m	255,338	250,046	492,802	130,086	99,503	115,976	93,391	32,619	24,557	17,742	2,006
Advances received on contracts in progress`46`	-	3,039	3,039	4,039	5,084	5,541	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	2.0m	934,919	1.7m	1.4m	1.3m	1.1m	1.4m	281,452	210,319	125,751	127,219	152,574	92,965	70,103	39,592
Taxes`450/3`	433,426	238,338	519,843	319,902	366,099	255,974	499,032	111,649	66,529	51,524	41,118	35,781	42,658	45,132	13,001
Remuneration and social security`454/9`	1.6m	696,581	1.1m	1.1m	918,224	829,142	914,582	169,803	143,790	74,227	86,101	116,793	50,308	24,972	26,591
Other amounts payable`47/48`	600,000	533,992	805,000	610,000	800,000	1.4m	-	-	798	1,848	1,234	58,260	66,754	54,950	5,740
Accrued charges and deferred income`492/3`	46,020	46,020	46,000	42,000	116,619	-	-	2,000	23,276	44,895	2,853	5,467	15,659	4,197	3,349
Income statement
Operating income`70/76A`	32.4m	36.9m	36.5m	25.0m	19.4m	-	-	-	-	-	-	-	-	-	-
Turnover`70`	31.2m	36.0m	35.4m	24.1m	18.6m	-	-	-	-	-	-	-	-	-	-
Other operating income`74`	1.2m	912,428	1.1m	893,078	807,828	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	-	-	-	-	2,575	3,260	-	-	-	-	5,318	-	-	-
Gross operating margin`9900`	-	-	-	-	-	14.2m	6.6m	1.6m	1.9m	1.7m	1.3m	769,946	335,345	340,923	516,343
Operating charges`60/66A`	31.6m	36.3m	35.6m	24.3m	18.5m	-	-	-	-	-	-	-	-	-	-
Services and other goods`61`	3.3m	3.8m	4.0m	2.7m	1.3m	-	-	-	-	-	-	-	-	-	-
Remuneration, social security and pensions`62`	28.3m	32.3m	31.5m	21.6m	17.0m	13.2m	6.5m	1.7m	1.9m	1.7m	1.3m	741,770	308,291	308,586	465,392
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	14,406	13,115	15,538	15,625	18,557	19,655	7,380	9,767	6,556	6,421	5,562	7,770	10,616	10,616	10,222
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	20,410	40,377	4,646	41,571	163,362	96,768	49,782	16,659	-	-9,735	9,735	-	-	-	-
Other operating charges`640/8`	43,539	28,151	710	10,501	3,981	1,346	27,011	8,437	26,846	32,587	15,925	3,289	1,922	1,160	2,076
Non-recurring operating charges`66A`	410	15,850	-	-	-	-	-	258	459	-	10,159	-	10,000	6,809	220
Operating profit (loss)`9901`	748,389	648,491	880,339	683,764	902,266	832,373	32,903	-101,960	51,344	19,372	-42,425	17,117	14,516	20,561	38,653
Financial income`75/76B`	3,423	25,166	42,761	7,038	4,214	6,032	5,283	1,262	1,435	4,328	3,188	41	4,149	250	19
Recurring financial income`75`	3,423	24,737	42,761	7,038	4,214	6,032	2,023	1,262	1,435	4,328	3,188	41	4,149	250	19
Income from current assets`751`	3,405	24,331	42,679	7,003	4,099	-	-	-	-	-	-	-	-	-	-
Other financial income`752/9`	18	406	82	35	115	-	-	-	-	-	-	-	-	-	-
Non-recurring financial income`76B`	-	429	-	-	-	-	3,260	-	-	-	-	-	-	-	-
Financial charges`65/66B`	15,220	16,843	10,260	11,115	15,869	11,287	19,540	9,978	9,960	16,594	29,184	4,376	5,697	4,732	7,208
Recurring financial charges`65`	15,220	16,843	10,260	11,115	15,869	11,287	19,540	9,978	9,960	16,594	29,184	4,376	5,697	4,732	7,208
Debt charges`650`	1,167	968	511	5,550	11,303	-	-	-	-	-	-	-	-	-	-
Other financial charges`652/9`	14,053	15,875	9,749	5,565	4,566	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	736,592	656,814	912,840	679,687	890,611	827,118	18,646	-110,676	42,819	7,106	-78,579	18,099	2,968	9,269	31,244
Income taxes`67/77`	125,099	186,026	106,442	66,864	51,831	83,185	2,372	433	21,017	3,974	426	475	30	3,067	3
Taxes`670/3`	125,099	186,026	106,442	66,864	51,831	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	611,493	470,788	806,398	612,823	838,780	743,933	16,274	-111,109	21,802	3,133	-79,005	17,624	2,938	6,202	31,241
Profit (loss) for the period to be appropriated`9905`	611,493	470,788	806,398	612,823	838,780	743,933	16,274	-111,109	21,802	3,133	-79,005	17,624	2,938	6,202	31,241
Appropriation of the result
Profit (loss) to be appropriated`9906`	834,173	522,680	945,043	748,645	968,272	739,492	-130,586	-146,860	-35,750	-57,552	-78,685	15,320	-2,304	-5,242	31,241
Profit (loss) brought forward from the previous period`14P`	222,680	51,892	138,645	135,822	129,492	-4,441	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	713	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From reserves`792`	713	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	1,149	-	-	-	32,450	-	-	-	-	-	-	15,000	-	-	25,200
Addition to contributions`691`	-	-	-	-	29,500	-	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	1,149	-	-	-	2,950	-	-	-	-	-	-	-	-	-	3,200
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	15,000	-	-	22,000
Profit to be distributed`694/7`	600,000	300,000	805,000	610,000	800,000	610,000	-	-	-	-	-	-	-	-	6,000
Directors or managers`695`	600,000	300,000	805,000	610,000	800,000	610,000	-	-	-	-	-	-	-	-	6,000
Social balance sheet
Average staff (FTE)`9087`	609.5	777.5	702.6	428.7	286.3	251.3	129.4	35.4	56	35.9	25.6	14.8	8.5	6.6	9.1
Men (FTE)`1003`	364.1	351.6	365.9	257.5	180.4	-	-	-	-	-	-	-	-	-	-
Women (FTE)`1003`	245.4	425.9	336.7	171.2	105.9	-	-	-	-	-	-	-	-	-	-
Agency workers`1501`	7.4	10.4	11.6	6.9	3.3	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	1,201,886	1,741,123	1,491,176	1,033,764	776,843	-	304,948	84,773	83,996	72,398	60,712	36,339	16,298	16,090	22,142
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	08-06-2026	2026-00143882	PDF
31-12-2024	full format	17-07-2025	2025-00281913	PDF
31-12-2023	full format	04-06-2024	2024-00109260	PDF
31-12-2022	full format	20-06-2023	2023-00140002	PDF
31-12-2021	full format	14-07-2022	2022-20190007	PDF
31-12-2020	abbreviated format	09-07-2021	2021-35400167	PDF
31-12-2019	abbreviated format	01-07-2020	2020-25400528	PDF
31-12-2018	abbreviated format	25-06-2019	2019-22600012	PDF
31-12-2017	abbreviated format	22-08-2018	2018-48100350	PDF
31-12-2016	abbreviated format	13-07-2017	2017-30800540	PDF
31-12-2015	abbreviated format	28-06-2016	2016-23300192	PDF
31-12-2014	abbreviated format	06-07-2015	2015-27200001	PDF
31-12-2013	abbreviated format	31-07-2014	2014-40300077	PDF
31-12-2012	abbreviated format	06-11-2013	2013-65500282	PDF
31-12-2011	abbreviated format	10-12-2012	2012-66000118	PDF
31-12-2009	abbreviated format	04-07-2011	2011-24200135	PDF

Year	Entries	Awarded	Paid
2025	1	€2,053	€2,053
2023	1	€2,221	€2,221
2022	1	€2,786	€2,786

Line	2025	2024	2023	2022	2021	2020	2018	2017	2016	2015	2014	2013	2012	2011	2009
EBITDA	762,795	661,606	895,877	699,389	920,823	852,028	40,283	-92,193	57,899	25,792	-36,862	24,887	25,132	31,177	48,876
Cash flow	625,899	483,903	821,936	628,448	857,337	763,588	23,654	-101,342	28,358	9,554	-73,443	25,394	13,554	16,818	41,463
Investment in fixed assets (approximation)	56,658	34,300	1,839	0	3,240	254	-112,637	129,020	9,916	10,822	2,059	11,358	0	1,620	117,109
Change in cash	293,604	-918,739	370,407	797,011	-112,748	-	754,657	136,554	9,541	3,062	-14,779	14,289	-24,074	-	-
Working capital	269,573	303,632	254,251	238,499	294,670	123,954	-97,049	237,495	20,299	39,718	-2,675	74,588	62,853	49,729	91,252
EBIT margin	2.4%	1.8%	2.5%	2.8%	4.9%	-	-	-	-	-	-	-	-	-	-
Solvency	6.7%	7.6%	4.7%	5.7%	7.3%	6.1%	-3.5%	-9.9%	2.6%	-1.5%	-7.1%	13.4%	9.5%	10.0%	22.4%
Current ratio	1.07	1.09	1.06	1.07	1.11	1.04	0.96	1.40	1.04	1.09	0.99	1.28	1.31	1.32	2.75
Debt to equity	13.85	12.07	20.34	16.58	12.63	15.50	-	-	37.92	-	-	6.44	9.58	9.02	3.47
ROE	202.9%	162.4%	362.1%	276.9%	383.9%	414.0%	-	-	150.9%	-	-	34.9%	8.9%	20.7%	55.5%
ROA	13.7%	12.4%	17.0%	15.8%	28.2%	25.1%	0.7%	-11.4%	3.9%	0.6%	-19.6%	4.7%	0.8%	2.1%	12.4%
Interest coverage	over 100	over 100	over 100	over 100	81.47	75.49	-	-	-	-	-	-	-	-	-
Customer credit	36 days	26 days	29 days	34 days	40 days	-	-	-	-	-	-	-	-	-	-
Supplier credit	170 days	189 days	182 days	200 days	72 days	-	-	-	-	-	-	-	-	-	-

By activity	2021	2022	2023	2024	2025
Payroll	€18,551,351	€24,088,613	€35,375,988	€35,994,373	€31,199,186
Overige	€2,262	-	-	€7,598	€6,489
Total	€18,553,613	€24,088,613	€35,375,988	€36,001,971	€31,205,675

Digital Payroll Services

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin €m

Position in the sector

Solvency6.7%

Current ratio1.07

Return on assets13.7%

Staff

Men and women40% women

Staff cost per FTE€46,404

Joined and left+15

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €7,060 awarded, €7,060 paid

Key figures and ratios

Revenue breakdown

By activity 2025

Social balance sheet

Investments

Auditor

Insights on Digital Payroll Services

Next steps

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	429	414	636	398	384
full-time	429	115	550	273	231
part-time	-	299	86	125	153
in full-time equivalents	429	206	603.3	355.9	347
Average over the year, in full-time equivalents	609.5	777.5	702.6	428.7	286.3
On a permanent contract	14	414	10	6	2
Joined	78,463	250,833	204,604	128,587	72,759
Left	78,448	251,055	204,366	128,573	72,735
Agency workers, average number	7.4	10.4	11.6	6.9	3.3
Training hours	-	-	23	23	23

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€56,658	€34,300	€1,839	-	€3,240
Depreciation and write-downs of the year	€14,406	€13,115	€15,538	€15,625	€18,557

Item	2025	2024	2023	2022	2021
Fee for the audit	€3,547	€3,411	€3,200	€3,000	€3,000
Other work by the auditor	-	-	-	€1,500	-