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ActiveFinancials · financial year 2023, full format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2023 filed on 30-09-2024 PDF all 5 filings
Turnover
≈ €840,000
Estimated: probably between €580,000 and €1.3m
EBIT margin
Not included in this filing
Net result
€17,616▼ 64.2%
2022 · €49,264
Working capital
€195,865▲ 20.1%
2022 · €163,039
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€43,412
▼ 62.9%
2023
20192023
Net result
€17,616
▼ 64.2%
2023
middle half of the sector
20192023
Equity
€232,620
▲ 8.2%
2023
middle half of the sector
20192023
Total assets
€741,442
▲ 34.5%
2023
middle half of the sector
20192023
Debt
€508,822
▲ 51.2%
2023
20192023
Working capital
€195,865
▲ 20.1%
2023
middle half of the sector
20192023
Solvency
31.4%
▼ 7.6pp
2023
middle half of the sector
20192023
Current ratio
1.62
▲ 0.11
2023
middle half of the sector
20192023
Return on assets (ROA)
2.4%
▼ 6.6pp
2023
middle half of the sector
20192023
Staff (FTE)
3.3
▼ 70.3%
2023
middle half of the sector
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€60,106-€17,869▼ 70.3%€88,924▲ 398%€116,860▲ 31.4%€43,412▼ 62.9%
Net result€46,809-€12,375within the sector's middle half▼ 73.6%€87,957above the sector's middle half▲ 611%€49,264above the sector's middle half▼ 44.0%€17,616within the sector's middle half▼ 64.2%
Equity€53,009-€65,384within the sector's middle half▲ 23.3%€153,341within the sector's middle half▲ 135%€215,005above the sector's middle half▲ 40.2%€232,620within the sector's middle half▲ 8.2%
Total assets€99,607-€173,565within the sector's middle half▲ 74.2%€350,638above the sector's middle half▲ 102%€551,462above the sector's middle half▲ 57.3%€741,442within the sector's middle half▲ 34.5%
Debt€46,599-€108,181▲ 132%€197,297▲ 82.4%€336,457▲ 70.5%€508,822▲ 51.2%
Working capital€53,009-€36,749within the sector's middle half▼ 30.7%€110,187within the sector's middle half▲ 200%€163,039above the sector's middle half▲ 48.0%€195,865within the sector's middle half▲ 20.1%
Solvency53.2%-37.7%within the sector's middle half▼ 15.5pp43.7%within the sector's middle half▲ 6.1pp39.0%within the sector's middle half▼ 4.7pp31.4%within the sector's middle half▼ 7.6pp
Current ratio2.14-1.34below the sector's middle half▼ 0.801.65within the sector's middle half▲ 0.311.51within the sector's middle half▼ 0.141.62within the sector's middle half▲ 0.11
Return on assets (ROA)47.0%-7.1%within the sector's middle half▼ 39.9pp25.1%within the sector's middle half▲ 18.0pp8.9%within the sector's middle half▼ 16.2pp2.4%within the sector's middle half▼ 6.6pp
Staff (FTE)0.4-1.9within the sector's middle half▲ 375%4.4▲ 132%11.1▲ 152%3.3within the sector's middle half▼ 70.3%
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 2023 is 63% lower than in 2022.
Large changes and their cause
- 2023 Staff (FTE) -70% on 2022. The accounts now follow the full format, last year the micro format.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €741,442
Fixed assets
€230,403 ▲ 233%
Current assets
€511,039 ▲ 6.0%
Equity and liabilities €741,442
Equity
€232,620 ▲ 8.2%
Debt
€508,822 ▲ 51.2%
Debt's share of the balance-sheet total rises from 61.0% to 68.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56,035▼
2022 · €128,203
Cash flow
€30,240▼
2022 · €60,607
Debt to equity
2.19▲
2022 · 1.56
ROE
7.6%▼
2022 · 22.9%
Interest coverage
24.86▼
2022 · 86.95
Debt ≤ 1 year
€315,175▼
2022 · €319,271
Debt > 1 year
€193,647▲
2022 · €17,186
Income taxes
€24,588▼
2022 · €66,241
Staff costs
€235,668▼
2022 · €657,420
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 13 | - |
| full-time | 13 | - |
| in full-time equivalents | 13 | - |
| Average over the year, in full-time equivalents | 11.1 | 3.3 |
| On a permanent contract | 12 | - |
| Joined | 6 | 0 |
| Left | 0 | 13 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 2022 | 2023 |
|---|---|---|
| Tangible fixed assets | €6,660 | €46,644 |
| Intangible fixed assets | - | €155,000 |
| Financial fixed assets | €28,818 | - |
| Depreciation and write-downs of the year | €11,343 | €12,624 |
Source: notes to the 2022 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €657,420 | €235,668 | ▼ 64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,745 | €12,296 | €11,343 | €12,624 | ▲ 11.3% |
| Other operating charges640/8 | - | - | - | €25 | €19,256 | ▲ 765× |
| Non-recurring operating charges66A | - | - | - | €17,210 | €8,239 | ▼ 52.1% |
| Gross operating margin9900 | €73,260 | €80,967 | €289,335 | €802,859 | €319,198 | ▼ 60.2% |
| Operating profit (loss)9901 | €60,106 | €17,869 | €88,924 | €116,860 | €43,412 | ▼ 62.9% |
| Financial income75/76B | - | - | - | €119 | €1,046 | ▲ 779% |
| Recurring financial income75 | - | €0 | €55 | €119 | €1,046 | ▲ 779% |
| Financial charges65/66B | - | - | - | €1,474 | €2,254 | ▲ 52.9% |
| Recurring financial charges65 | €98 | €219 | €191 | €1,474 | €2,254 | ▲ 52.9% |
| Profit (loss) for the period before taxes9903 | €60,009 | €17,650 | €88,788 | €115,505 | €42,203 | ▼ 63.5% |
| Income taxes67/77 | €13,200 | €5,275 | €831 | €66,241 | €24,588 | ▼ 62.9% |
| Profit (loss) for the period9904 | €46,809 | €12,375 | €87,957 | €49,264 | €17,616 | ▼ 64.2% |
| Profit (loss) for the period to be appropriated9905 | €46,809 | €12,375 | €87,957 | €49,264 | €17,616 | ▼ 64.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,607 | €173,565 | €350,638 | €551,462 | €741,442 | ▲ 34.5% |
| Fixed assets21/28 | - | €28,634 | €71,277 | €69,151 | €230,403 | ▲ 233% |
| Intangible fixed assets21 | - | - | - | - | €147,951 | - |
| Tangible fixed assets22/27 | - | €27,484 | €65,497 | €34,553 | €47,854 | ▲ 38.5% |
| Plant, machinery and equipment23 | - | - | - | €6,785 | €4,860 | ▼ 28.4% |
| Furniture and vehicles24 | - | - | - | €27,768 | €42,994 | ▲ 54.8% |
| Financial fixed assets28 | - | €1,150 | €5,780 | €34,598 | €34,598 | = |
| Current assets29/58 | €99,607 | €144,931 | €279,361 | €482,311 | €511,039 | ▲ 6.0% |
| Amounts receivable within one year40/41 | €55,919 | €72,437 | €135,103 | €298,964 | €508,632 | ▲ 70.1% |
| Trade receivables40 | - | - | - | €222,028 | €170,107 | ▼ 23.4% |
| Other amounts receivable41 | - | - | - | €76,936 | €338,524 | ▲ 340% |
| Current investments50/53 | €43,616 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €72,494 | €142,599 | €173,903 | €2,235 | ▼ 98.7% |
| Deferred charges and accrued income490/1 | - | - | - | €9,443 | €173 | ▼ 98.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,607 | €173,565 | €350,638 | €551,462 | €741,442 | ▲ 34.5% |
| Equity10/15 | €53,009 | €65,384 | €153,341 | €215,005 | €232,620 | ▲ 8.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - |
| Contributions outside capital11 | - | - | - | - | €18,600 | - |
| Other1109/19 | - | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | €46,809 | €59,184 | €147,141 | €196,405 | €214,020 | ▲ 9.0% |
| Amounts payable17/49 | €46,599 | €108,181 | €197,297 | €336,457 | €508,822 | ▲ 51.2% |
| Amounts payable after more than one year17 | - | - | €28,122 | €17,186 | €193,647 | ▲ 11× |
| Financial debts170/4 | - | - | - | €17,186 | €193,647 | ▲ 11× |
| Amounts payable within one year42/48 | €46,599 | €108,181 | €169,174 | €319,271 | €315,175 | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,374 | €20,624 | ▲ 120% |
| Financial debts43 | - | - | - | - | €31,468 | - |
| Credit institutions430/8 | - | - | - | - | €31,468 | - |
| Trade debts44 | - | €44,027 | €29,543 | €75,622 | €113,169 | ▲ 49.7% |
| Suppliers440/4 | - | - | - | €75,622 | €113,169 | ▲ 49.7% |
| Taxes, remuneration and social security45 | - | - | - | €234,275 | €127,525 | ▼ 45.6% |
| Taxes450/3 | - | - | - | €149,218 | €127,416 | ▼ 14.6% |
| Remuneration and social security454/9 | - | - | - | €85,057 | €109 | ▼ 99.9% |
| Other amounts payable47/48 | - | - | - | - | €22,389 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,809 | €12,375 | €87,957 | €49,264 | €17,616 | ▼ 64.2% |
| + Depreciation and write-downs630 | - | €5,745 | €12,296 | €11,343 | €12,624 | ▲ 11.3% |
| Operating cash flow (approximation) | €46,809 | €18,120 | €100,253 | €60,607 | €30,240 | ▼ 50.1% |
| Investment in fixed assets (approximation) | - | - | -€54,938 | -€9,218 | -€173,876 | ▼ 1,786% |
| Change in cash | - | - | €70,105 | €31,305 | -€171,669 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | full format | 30-09-2024 | 2024-00497485 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00415411 | |
| 31-12-2021 | micro format | 31-01-2022 | 2022-03900021 | |
| 31-12-2020 | micro format | 01-06-2021 | 2021-16600222 | |
| 31-12-2019 | micro format | 18-05-2020 | 2020-12600016 |