EAZIGN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 17-12-2025 PDF all 22 filings
Turnover
≈ €55,000
Estimated: probably between €27,000 and €110,000
Total assets
€152,570▼ 1.9%
2024 · €155,563
Net result
-€4,282▲ 87.6%
2024 · -€34,512
Working capital
€13,315▲ 71.4%
2024 · €7,767
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€2,414
▲ 94.4%
2025
20192025
Net result
-€4,282
▲ 87.6%
2025
lowest quarter of the sector
20192025
Equity
€142,015
▼ 2.9%
2025
middle half of the sector
20192025
Total assets
€152,570
▼ 1.9%
2025
middle half of the sector
20192025
Debt
€10,555
▲ 13.9%
2025
20192025
Working capital
€13,315
▲ 71.4%
2025
middle half of the sector
20192025
Solvency
93.1%
▼ 1.0pp
2025
highest quarter of the sector
20192025
Current ratio
2.26
▲ 0.42
2025
middle half of the sector
20192025
Return on assets (ROA)
-2.8%
▲ 19.4pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€29,448-€50,075▲ 70.0%€28,346▼ 43.4%-€9,617-€32,662▼ 240%-€43,110▼ 32.0%-€2,414▲ 94.4%
Net result€35,249-€44,618above the sector's middle half▲ 26.6%€22,504within the sector's middle half▼ 49.6%-€1,842below the sector's middle half-€22,422below the sector's middle half▼ 1,117%-€34,512below the sector's middle half▼ 53.9%-€4,282below the sector's middle half▲ 87.6%
Equity€137,951-€182,569above the sector's middle half▲ 32.3%€205,073above the sector's middle half▲ 12.3%€203,231above the sector's middle half▼ 0.9%€180,810above the sector's middle half▼ 11.0%€146,297within the sector's middle half▼ 19.1%€142,015within the sector's middle half▼ 2.9%
Total assets€187,209-€231,956within the sector's middle half▲ 23.9%€227,246within the sector's middle half▼ 2.0%€215,144within the sector's middle half▼ 5.3%€184,717within the sector's middle half▼ 14.1%€155,563within the sector's middle half▼ 15.8%€152,570within the sector's middle half▼ 1.9%
Debt€49,257-€49,387▲ 0.3%€22,173▼ 55.1%€11,913▼ 46.3%€3,907▼ 67.2%€9,266▲ 137%€10,555▲ 13.9%
Working capital-€12,881-€8,320below the sector's middle half€23,364within the sector's middle half▲ 181%€26,430within the sector's middle half▲ 13.1%€26,294within the sector's middle half▼ 0.5%€7,767below the sector's middle half▼ 70.5%€13,315within the sector's middle half▲ 71.4%
Solvency73.7%-78.7%above the sector's middle half▲ 5.0pp90.2%above the sector's middle half▲ 11.5pp94.5%above the sector's middle half▲ 4.2pp97.9%above the sector's middle half▲ 3.4pp94.0%above the sector's middle half▼ 3.8pp93.1%above the sector's middle half▼ 1.0pp
Current ratio0.56-1.23below the sector's middle half▲ 0.682.46within the sector's middle half▲ 1.233.22within the sector's middle half▲ 0.767.73above the sector's middle half▲ 4.511.84within the sector's middle half▼ 5.892.26within the sector's middle half▲ 0.42
Return on assets (ROA)18.8%-19.2%within the sector's middle half▲ 0.4pp9.9%within the sector's middle half▼ 9.3pp-0.9%below the sector's middle half▼ 10.8pp-12.1%below the sector's middle half▼ 11.3pp-22.2%below the sector's middle half▼ 10.0pp-2.8%below the sector's middle half▲ 19.4pp
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 2025 is a loss of €2,414, smaller than the loss of €43,110 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,570
Fixed assets
€128,700 ▼ 7.1%
Current assets
€23,870 ▲ 40.1%
Equity and liabilities €152,570
Equity
€142,015 ▼ 2.9%
Debt
€10,555 ▲ 13.9%
Debt's share of the balance-sheet total rises from 6.0% to 6.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,416▲
2024 · -€27,126
Cash flow
€5,548▲
2024 · -€18,527
Debt to equity
0.07▲
2024 · 0.06
ROE
-3.0%▲
2024 · -23.6%
Interest coverage
4.56▲
2024 · -368.06
Debt ≤ 1 year
€10,555▲
2024 · €9,266
Income taxes
€242▲
2024 · €241
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €20,210 | €9,909 | - | - | - |
| Depreciation and write-downs of the year | €20,257 | €20,986 | €22,286 | €15,985 | €9,830 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,248 | €13,155 | €20,257 | €20,986 | €22,286 | €15,985 | €9,830 | ▼ 38.5% |
| Other operating charges640/8 | - | - | €2,639 | €1,633 | €1,946 | €754 | €2,878 | ▲ 282% |
| Gross operating margin9900 | €41,301 | €64,990 | €51,242 | €13,003 | -€8,429 | -€26,372 | €10,294 | - |
| Operating profit (loss)9901 | €29,448 | €50,075 | €28,346 | -€9,617 | -€32,662 | -€43,110 | -€2,414 | ▲ 94.4% |
| Financial income75/76B | - | - | €5,045 | €8,529 | €10,709 | €8,913 | €0 | ▼ 100% |
| Recurring financial income75 | €7,151 | €6,964 | €5,045 | €8,529 | €10,709 | €8,913 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €710 | €442 | €192 | €74 | €1,626 | ▲ 22× |
| Recurring financial charges65 | €1,186 | €1,027 | €710 | €442 | €192 | €74 | €1,626 | ▲ 22× |
| Profit (loss) for the period before taxes9903 | €35,413 | €56,012 | €32,681 | -€1,530 | -€22,145 | -€34,271 | -€4,040 | ▲ 88.2% |
| Income taxes67/77 | €164 | €11,394 | €10,178 | €312 | €277 | €241 | €242 | ▲ 0.5% |
| Profit (loss) for the period9904 | €35,249 | €44,618 | €22,504 | -€1,842 | -€22,422 | -€34,512 | -€4,282 | ▲ 87.6% |
| Transfer from tax-exempt reserves789 | - | - | €6,356 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €35,249 | €44,618 | €28,860 | -€1,842 | -€22,422 | -€34,512 | -€4,282 | ▲ 87.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €187,209 | €231,956 | €227,246 | €215,144 | €184,717 | €155,563 | €152,570 | ▼ 1.9% |
| Fixed assets21/28 | €171,063 | €187,925 | €187,879 | €176,802 | €154,515 | €138,530 | €128,700 | ▼ 7.1% |
| Tangible fixed assets22/27 | €171,063 | €187,925 | €187,879 | €176,802 | €154,515 | €138,530 | €128,700 | ▼ 7.1% |
| Land and buildings22 | - | - | €152,100 | €146,250 | €140,400 | €134,550 | €128,700 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,524 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €35,779 | €30,552 | €14,115 | €1,457 | €0 | ▼ 100% |
| Current assets29/58 | €16,146 | €44,031 | €39,367 | €38,343 | €30,202 | €17,033 | €23,870 | ▲ 40.1% |
| Amounts receivable within one year40/41 | €85 | €3,369 | €3,832 | €7,491 | €3,890 | €478 | €787 | ▲ 64.6% |
| Trade receivables40 | - | - | €49 | €6,422 | €3,211 | €0 | €559 | - |
| Other amounts receivable41 | - | - | €3,784 | €1,069 | €679 | €478 | €228 | ▼ 52.4% |
| Cash at bank and in hand54/58 | €16,061 | €39,960 | €34,860 | €30,372 | €25,683 | €16,555 | €22,249 | ▲ 34.4% |
| Deferred charges and accrued income490/1 | - | - | €674 | €480 | €629 | €0 | €835 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €187,209 | €231,956 | €227,246 | €215,144 | €184,717 | €155,563 | €152,570 | ▼ 1.9% |
| Equity10/15 | €137,951 | €182,569 | €205,073 | €203,231 | €180,810 | €146,297 | €142,015 | ▼ 2.9% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €8,211 | €8,211 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | - | - | €1,855 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,855 | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €117,340 | €161,958 | €190,818 | €188,976 | €166,555 | €132,042 | €127,760 | ▼ 3.2% |
| Amounts payable17/49 | €49,257 | €49,387 | €22,173 | €11,913 | €3,907 | €9,266 | €10,555 | ▲ 13.9% |
| Amounts payable after more than one year17 | €20,230 | €13,329 | €6,170 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | €6,170 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €29,027 | €35,711 | €16,003 | €11,913 | €3,907 | €9,266 | €10,555 | ▲ 13.9% |
| Current portion of amounts payable after more than one year42 | - | - | €7,159 | €6,170 | €0 | - | - | - |
| Financial debts43 | - | - | - | - | - | - | €470 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €470 | - |
| Trade debts44 | €1,324 | €3,102 | €2,326 | €3,890 | €2,055 | €336 | €724 | ▲ 116% |
| Suppliers440/4 | - | - | €2,326 | €3,890 | €2,055 | €336 | €724 | ▲ 116% |
| Taxes, remuneration and social security45 | - | - | €6,518 | €1,854 | €1,852 | €0 | €462 | - |
| Taxes450/3 | - | - | €6,518 | €1,854 | €1,852 | €0 | €462 | - |
| Other amounts payable47/48 | - | - | €0 | - | - | €8,930 | €8,899 | ▼ 0.3% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,249 | €44,618 | €22,504 | -€1,842 | -€22,422 | -€34,512 | -€4,282 | ▲ 87.6% |
| + Depreciation and write-downs630 | €10,248 | €13,155 | €20,257 | €20,986 | €22,286 | €15,985 | €9,830 | ▼ 38.5% |
| Operating cash flow (approximation) | €45,497 | €57,773 | €42,760 | €19,145 | -€135 | -€18,527 | €5,548 | - |
| Investment in fixed assets (approximation) | - | -€30,018 | -€20,210 | -€9,909 | €0 | €0 | €0 | - |
| Change in cash | - | €23,899 | -€5,100 | -€4,488 | -€4,690 | -€9,128 | €5,694 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as EAZIGN has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EAZIGN itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 12,322 companies, not a prediction for EAZIGN. 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.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 17-12-2025 | 2025-00585367 | |
| 30-09-2024 | micro format | 28-03-2025 | 2025-00056302 | |
| 30-09-2023 | micro format | 09-02-2024 | 2024-00028616 | |
| 30-09-2022 | micro format | 24-04-2023 | 2023-00063684 | |
| 30-09-2021 | micro format | 14-04-2022 | 2022-20005001 | |
| 30-09-2020 | micro format | 08-03-2021 | 2021-07100549 | |
| 30-09-2019 | micro format | 27-03-2020 | 2020-07700086 | |
| 30-09-2018 | micro format | 02-04-2019 | 2019-08900558 | |
| 30-09-2017 | micro format | 13-04-2018 | 2018-09900310 | |
| 30-09-2016 | abbreviated format | 25-04-2017 | 2017-10200305 |