DRIVE IT

Absorbed by CHEOPS TECHNOLOGY KBO/BCE: BE 0809.148.957 subsidiary of CHEOPS TECHNOLOGY

Part of the group MSP Group 6 companies

See the group

DRIVE IT

Financial year 2024

Follow Report

Annual accounts 2024

abbreviated format, filed on 11-07-2025, 20 days before the deadline

€1.2m

▲ 11.9%

€724,027

▲ 14.3%

€777,860

▲ 9.4%

€663,848

▲ 18.9%

91.1%

▲ 17.1 percentage points

11.28

▲ 8.15

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

Turnover ≈ €2.1m. Estimated: probably between €1.5m and €3.5m.

Balance sheet

balance sheet total €2.6m on 31-12-2024

What the company ownsHow it is paid for

in €m

Staff

€63,345

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2024, 3 people joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
`20/58`	2.6m	2.4m	2.0m	1.7m	1.6m	1.3m	1.0m	1.1m	1.0m	812,266	503,192	493,042	500,925	339,009	142,298	73,558
`20`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`21/28`	215,496	555,837	485,512	560,089	609,611	611,297	594,819	616,861	667,286	420,607	74,684	143,241	134,611	67,975	47,881	34,255
`21`	54,903	61,603	-	-	-	-	-	0	0	0	5,574	11,147	0	0	-	-
`22/27`	160,593	494,234	485,512	560,089	609,611	611,297	594,819	616,861	667,286	420,607	69,110	132,094	129,481	67,975	47,881	34,255
`22`	0	328,202	357,100	385,998	414,896	443,794	472,693	501,591	514,384	368,284	0	0	0	0	-	-
`23`	27,744	27,129	30,516	27,533	30,201	41,516	43,291	14,896	18,100	5,634	6,478	6,375	4,388	0	829	-
`24`	90,540	98,091	97,764	145,821	163,172	125,986	75,786	81,918	109,601	43,457	47,464	80,127	88,116	59,999	32,262	34,255
`26`	42,308	40,812	131	736	1,341	1	3,050	18,457	25,201	3,232	15,168	45,592	36,977	7,976	14,790	-
`27`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`28`	-	-	-	-	-	-	-	0	0	0	0	0	5,130	0	-	-
`29/58`	2.4m	1.8m	1.5m	1.2m	969,014	682,483	442,125	530,339	375,129	391,659	428,508	349,801	366,314	271,034	94,417	39,303
`29`	0	195,188	-	-	-	-	-	-	-	-	-	0	0	0	-	-
`290`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`291`	0	195,188	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`3`	39,160	10,039	1,734	14,368	5,523	7,088	5,558	1,637	6,139	18,730	12,073	28,322	22,411	5,987	2,989	-
`30/36`	2,443	3,573	1,734	1,830	2,868	6,953	4,641	1,322	1,474	3,971	8,631	15,341	5,404	5,987	2,989	-
`37`	36,717	6,466	0	12,538	2,656	135	918	315	4,665	14,758	3,442	12,981	17,007	0	-	-
`40/41`	1.2m	145,281	154,657	112,152	90,488	195,010	159,098	170,378	241,071	168,464	144,568	173,218	290,749	187,905	44,729	21,533
`40`	127,008	136,701	154,657	112,152	87,789	176,784	121,335	152,448	241,071	126,687	141,996	169,066	290,749	187,905	44,729	20,033
`41`	1.1m	8,580	-	0	2,700	18,226	37,764	17,931	0	41,777	2,572	4,152	0	0	-	1,500
`50/53`	0	606,475	272,151	299,729	50,000	50,000	44,950	49,256	0	0	0	0	0	0	-	-
`54/58`	1.1m	835,988	1.1m	738,707	817,995	425,940	228,225	305,548	125,915	202,470	267,021	143,300	50,848	75,033	45,599	16,882
`490/1`	5,307	8,360	4,169	5,716	5,006	4,446	4,294	3,520	2,005	1,995	4,845	4,962	2,307	2,110	1,100	889
Balance sheet: equity and liabilities
`10/49`	2.6m	2.4m	2.0m	1.7m	1.6m	1.3m	1.0m	1.1m	1.0m	812,266	503,192	493,042	500,925	339,009	142,298	73,558
`10/15`	2.4m	1.7m	1.6m	1.4m	1.2m	1.2m	898,679	631,877	576,365	400,441	344,703	209,140	189,091	152,979	41,928	32,130
`10/11`	18,600	12,400	12,400	12,400	12,400	12,400	12,400	12,400	136,900	136,900	136,900	136,900	12,400	12,400	12,400	12,400
`100`	-	-	-	-	-	18,600	18,600	18,600	143,100	143,100	143,100	143,100	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`11`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`1100/10`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`12`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`13`	2.3m	1.7m	1.5m	1.3m	1.2m	1.1m	826,240	561,240	382,240	207,240	149,310	14,310	1,860	1,860	1,860	1,860
`130/1`	1,860	0	1,860	1,860	1,860	-	-	-	-	-	-	0	0	0	-	-
`130`	-	-	-	-	-	1,860	1,860	1,860	14,310	14,310	14,310	14,310	1,860	1,860	1,860	1,860
`1311`	1,860	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
`1312`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`1319`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`132`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`133`	2.3m	1.7m	1.5m	1.3m	1.2m	1.1m	824,380	559,380	367,930	192,930	135,000	0	0	0	-	-
`14`	0	0	71,724	71,724	71,724	69,366	60,039	58,237	57,225	56,301	58,493	57,930	174,831	138,719	27,668	17,870
`15`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`19`	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
`16`	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
`160/5`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`160`	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
`161`	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
`162`	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
`163`	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
`168`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`17/49`	230,641	612,915	385,726	361,712	338,641	120,774	138,265	515,323	466,050	411,825	158,489	283,902	311,835	186,030	100,370	41,428
`17`	-	-	-	-	-	-	-	198,830	229,442	231,486	874	18,164	21,471	16,031	20,086	16,800
`170/4`	-	-	-	-	-	-	-	198,830	229,442	231,486	874	18,164	21,471	16,031	20,086	16,800
`175`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`176`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`178/9`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`42/48`	210,576	574,723	380,894	344,253	323,137	119,641	109,955	314,024	233,305	178,738	153,963	263,321	287,960	167,425	79,038	23,843
`42`	-	-	-	-	-	-	-	30,612	40,153	16,767	17,290	24,767	19,165	19,672	14,418	7,311
`43`	-	-	0	33,428	-	-	-	-	-	-	-	0	0	0	-	-
`430/8`	-	-	0	33,428	-	-	-	0	0	0	0	0	0	0	-	-
`439`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`44`	78,436	157,591	82,007	34,232	46,650	47,513	34,033	82,328	75,141	34,952	60,358	162,992	145,705	54,658	23,211	2,014
`440/4`	78,436	157,591	82,007	34,232	46,650	47,513	34,033	82,328	75,141	34,952	60,358	162,992	145,705	54,658	23,211	2,014
`441`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`46`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`45`	132,139	85,882	114,034	95,505	70,953	46,338	51,199	50,482	59,053	28,496	32,606	34,501	42,867	48,165	9,366	4,525
`450/3`	59,495	25,138	53,543	36,266	9,917	4,464	9,572	6,415	28,131	8,500	13,288	8,976	34,577	35,975	9,366	4,525
`454/9`	72,645	60,744	60,490	59,239	61,037	41,874	41,628	44,067	30,922	19,996	19,319	25,525	8,290	12,189	-	-
`47/48`	0	331,250	184,853	181,089	205,534	25,790	24,722	150,602	58,958	98,524	43,708	41,062	80,224	44,931	32,044	9,992
`492/3`	20,065	38,192	4,831	17,459	15,504	1,133	28,311	2,469	3,304	1,600	3,652	2,417	2,404	2,574	1,245	786
Income statement
`70`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`76A`	105,493	12,053	0	8,618	336	3,670	3,000	4,000	9,084	8,000	0	500	0	1,478	-	-
`9900`	1.2m	1.1m	1.1m	946,792	847,029	756,268	779,264	646,146	596,241	553,919	513,504	347,883	372,306	275,757	62,892	39,068
`60/61`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`62`	456,086	392,264	364,555	400,189	358,599	244,905	261,320	242,251	199,942	168,655	204,005	165,787	154,336	74,714	-	-
`630`	53,832	77,854	87,368	86,098	86,642	86,403	88,806	82,180	88,378	71,711	73,288	80,167	62,064	30,069	18,530	6,051
`631/4`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`635/8`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`640/8`	13,371	11,432	13,333	10,099	6,094	5,775	7,107	7,085	3,851	7,241	4,726	12,325	3,144	1,251	1,043	1,287
`649`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`66A`	-	-	-	-	-	-	-	0	2,026	0	0	4,217	0	0	-	1,950
`9901`	724,027	633,351	637,502	450,405	395,695	419,185	422,030	314,630	302,044	306,312	231,485	89,603	152,762	169,723	43,320	31,730
`75/76B`	77,850	12,309	5,186	236	319	2,589	372	1,035	459	1,642	1,336	335	113	123	87	66
`75`	77,850	12,309	5,186	236	319	2,589	372	1,035	459	1,642	1,336	335	113	123	87	66
`76B`	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
`65/66B`	660	-32,541	34,271	1,339	1,261	-2,565	12,937	8,555	8,619	3,485	5,352	4,906	4,495	4,546	2,604	1,812
`65`	660	-32,541	34,271	1,339	1,261	-2,565	12,937	8,555	8,619	3,485	5,352	4,906	4,495	4,546	2,604	1,812
`66B`	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
`9903`	801,217	678,201	608,417	449,302	394,753	424,340	409,465	307,110	293,884	312,469	227,469	81,316	148,381	166,778	40,802	28,034
`67/77`	191,201	197,723	203,441	145,237	127,396	145,013	141,863	127,097	117,960	126,731	91,906	32,433	52,269	55,727	15,004	8,304
`9904`	610,016	480,478	404,976	304,065	267,358	279,327	267,602	180,013	175,923	185,738	135,563	48,883	96,111	111,051	25,798	19,730
`789`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`689`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`9905`	610,016	480,478	404,976	304,065	267,358	279,327	267,602	180,013	175,923	185,738	135,563	48,883	96,111	111,051	25,798	19,730
Appropriation of the result
`9906`	610,016	552,202	476,700	375,789	336,724	339,366	325,839	237,237	232,225	244,231	193,493	223,713	234,831	138,719	43,668	19,730
`14P`	0	71,724	71,724	71,724	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	0	265,000	179,000	175,000	200,380	5,000	-	0	0	130,000	0	0	0	0	-	-
`691/2`	610,016	485,952	404,976	304,065	265,000	270,000	265,000	179,000	175,000	187,930	135,000	12,450	0	0	-	1,860
`691`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`6920`	-	-	-	-	-	-	-	0	0	0	0	12,450	0	0	-	1,860
`6921`	610,016	485,952	404,976	304,065	265,000	270,000	265,000	179,000	175,000	187,930	135,000	0	0	0	-	-
`694/7`	0	331,250	179,000	175,000	200,380	5,000	800	-	-	130,000	-	153,333	60,000	0	16,000	-
`694`	0	331,250	179,000	175,000	200,380	5,000	800	0	0	130,000	0	153,333	60,000	0	16,000	-
`695`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
`696`	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Social balance sheet
`9087`	7.2	6.3	6.2	6.9	6.6	5.4	5.4	5.4	4.4	3.5	3.8	3.2	3.3	1.3	-	-
Hours worked`1013`	11,748	9,847	10,158	11,357	11,052	7,893	9,197	8,514	7,508	6,006	6,482	5,546	5,622	2,447	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 11-07-2025.

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
31-12-2024	abbreviated format	11-07-2025	2025-00268175	PDF
31-12-2023	abbreviated format	18-06-2024	2024-00135890	PDF
31-12-2022	abbreviated format	03-03-2023	2023-00034887	PDF
31-12-2021	abbreviated format	15-04-2022	2022-20003936	PDF
31-12-2020	abbreviated format	13-04-2021	2021-10200250	PDF
31-12-2019	abbreviated format	10-06-2020	2020-15600060	PDF
31-12-2018	abbreviated format	27-06-2019	2019-23100333	PDF
31-12-2017	abbreviated format	28-06-2018	2018-23700214	PDF
31-12-2016	abbreviated format	22-06-2017	2017-19300598	PDF
31-12-2015	abbreviated format	17-06-2016	2016-18300094	PDF
31-12-2014	abbreviated format	26-06-2015	2015-20800208	PDF
31-12-2013	abbreviated format	10-07-2014	2014-28400491	PDF
31-12-2012	abbreviated format	18-06-2013	2013-18100276	PDF
31-12-2011	abbreviated format	26-06-2012	2012-20500537	PDF
31-12-2010	abbreviated format	22-06-2011	2011-18400579	PDF
31-12-2009	abbreviated format	09-06-2010	2010-15700052	PDF

Subsidies and aid

Flemish government 2025, 1 entry, €511 awarded, €511 paid

Vlaams opleidingsverlof (VOV)

€511

Key figures and ratios

per financial year, computed from the annual accounts

2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
777,860	711,205	724,870	536,504	482,337	505,589	510,837	396,810	390,421	378,023	304,773	169,770	214,827	199,792	61,850	37,781
663,848	558,332	492,345	390,163	354,000	365,730	356,408	262,193	264,301	257,450	208,851	129,050	158,175	141,120	44,328	25,781
64,228	166,355	12,791	36,576	85,636	128,710	66,765	31,755	349,702	417,634	4,731	106,387	128,701	50,163	32,156	42,806
258,513	-226,540	323,820	-79,288	392,056	197,714	-77,323	179,633	-76,555	-64,551	123,721	92,452	-24,185	29,434	28,717	-
2.2m	1.2m	1.1m	826,419	645,877	562,842	332,171	216,315	141,824	212,921	274,545	86,480	78,354	103,610	15,379	15,461
91.1%	74.0%	80.5%	79.1%	78.5%	90.7%	86.7%	55.1%	55.3%	49.3%	68.5%	42.4%	37.7%	45.1%	29.5%	43.7%
11.28	3.13	3.93	3.40	3.00	5.70	4.02	1.69	1.61	2.19	2.78	1.33	1.27	1.62	1.19	1.65
11.10	3.12	3.92	3.36	2.98	5.65	3.97	1.68	1.58	2.09	2.70	1.22	1.19	1.58	1.16	1.65
0.10	0.35	0.24	0.26	0.27	0.10	0.15	0.82	0.81	1.03	0.46	1.36	1.65	1.22	2.39	1.29
25.8%	27.5%	25.4%	22.2%	21.6%	23.8%	29.8%	28.5%	30.5%	46.4%	39.3%	23.4%	50.8%	72.6%	61.5%	61.4%
23.5%	20.4%	20.4%	17.6%	16.9%	21.6%	25.8%	15.7%	16.9%	22.9%	26.9%	9.9%	19.2%	32.8%	18.1%	26.8%
over 100	-21.86	21.15	over 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.

Social balance sheet

Item	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	7	6	7	7
full-time	6	5	6	6
part-time	1	1	1	1
in full-time equivalents	6.7	5.7	6.6	6.6
	7.2	6.3	6.2	6.9
On a permanent contract	7	6	7	7
Joined	3	2	1	1
Left	2	3	1	1

Source: social balance sheet in the 2021 to 2024 annual accounts

Investments

fixed assets acquired

Item	2024	2023	2022	2021
Tangible fixed assets	€64,228	€99,355	€12,791	€36,576
Intangible fixed assets	-	€67,000	-	-
	€53,832	€77,854	€87,368	€86,098

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on DRIVE IT

The operating result for 2024 is 14% higher than in 2023 and the highest since 2009. It is a recovery after the fall in 2023.

Debt's share of the balance-sheet total falls from 26.0% to 8.9%. Equity is higher and debt is lower.

Annual accounts 2024

Balance sheet

Change in equityin €m

Change in cashin €m

Staff

Staff cost per FTE€63,345

Joined and left+1 person

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2025, 1 entry, €511 awarded, €511 paid

Key figures and ratios

Social balance sheet

Investments

Insights on DRIVE IT

in €m

in €m

€63,345

+1 person