EBIZ@WORK
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-10-2025 PDF all 24 filings
Turnover
≈ €160,000
Estimated: probably between €120,000 and €210,000
Total assets
€286,442▲ 11.4%
2024 · €257,043
Net result
€27,188▲ 21.2%
2024 · €22,432
Working capital
€212,440▼ 12.0%
2024 · €241,370
In the rankings
#7 oldest company in Pajottegem, Telecoms and IT sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€39,628
▲ 16.7%
2025
20192025
Net result
€27,188
▲ 21.2%
2025
middle half of the sector
20192025
Equity
€271,472
▲ 11.1%
2025
highest quarter of the sector
20192025
Total assets
€286,442
▲ 11.4%
2025
highest quarter of the sector
20192025
Debt
€14,970
▲ 17.3%
2025
20192025
Working capital
€212,440
▼ 12.0%
2025
highest quarter of the sector
20192025
Solvency
94.8%
▼ 0.3pp
2025
highest quarter of the sector
20192025
Current ratio
15.19
▼ 4.73
2025
highest quarter of the sector
20192025
Return on assets (ROA)
9.5%
▲ 0.8pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€32,547-€22,810▼ 29.9%€30,518▲ 33.8%€14,981▼ 50.9%€33,511▲ 124%€33,964▲ 1.4%€39,628▲ 16.7%
Net result€18,597-€12,189within the sector's middle half▼ 34.5%€15,501within the sector's middle half▲ 27.2%€9,550within the sector's middle half▼ 38.4%€22,115within the sector's middle half▲ 132%€22,432within the sector's middle half▲ 1.4%€27,188within the sector's middle half▲ 21.2%
Equity€162,498-€174,687above the sector's middle half▲ 7.5%€190,188above the sector's middle half▲ 8.9%€199,738above the sector's middle half▲ 5.0%€221,852above the sector's middle half▲ 11.1%€244,284above the sector's middle half▲ 10.1%€271,472above the sector's middle half▲ 11.1%
Total assets€209,524-€214,690within the sector's middle half▲ 2.5%€236,524within the sector's middle half▲ 10.2%€245,038within the sector's middle half▲ 3.6%€229,029within the sector's middle half▼ 6.5%€257,043within the sector's middle half▲ 12.2%€286,442above the sector's middle half▲ 11.4%
Debt€47,027-€40,003▼ 14.9%€46,337▲ 15.8%€45,300▼ 2.2%€7,177▼ 84.2%€12,759▲ 77.8%€14,970▲ 17.3%
Working capital€151,966-€165,505above the sector's middle half▲ 8.9%€188,680above the sector's middle half▲ 14.0%€195,918above the sector's middle half▲ 3.8%€219,416above the sector's middle half▲ 12.0%€241,370above the sector's middle half▲ 10.0%€212,440above the sector's middle half▼ 12.0%
Solvency77.6%-81.4%above the sector's middle half▲ 3.8pp80.4%above the sector's middle half▼ 1.0pp81.5%above the sector's middle half▲ 1.1pp96.9%above the sector's middle half▲ 15.4pp95.0%above the sector's middle half▼ 1.8pp94.8%above the sector's middle half▼ 0.3pp
Current ratio4.74-5.14above the sector's middle half▲ 0.405.07above the sector's middle half▼ 0.075.32above the sector's middle half▲ 0.2531.57above the sector's middle half▲ 26.2519.92above the sector's middle half▼ 11.6515.19above the sector's middle half▼ 4.73
Return on assets (ROA)8.9%-5.7%within the sector's middle half▼ 3.2pp6.6%within the sector's middle half▲ 0.9pp3.9%within the sector's middle half▼ 2.7pp9.7%within the sector's middle half▲ 5.8pp8.7%within the sector's middle half▼ 0.9pp9.5%within the sector's middle half▲ 0.8pp
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 17% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
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 €286,442
Fixed assets
€59,032 ▲ 20×
Current assets
€227,410 ▼ 10.5%
Equity and liabilities €286,442
Equity
€271,472 ▲ 11.1%
Debt
€14,970 ▲ 17.3%
Debt's share of the balance-sheet total rises from 5.0% to 5.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,301▲
2024 · €34,643
Cash flow
€31,861▲
2024 · €23,111
Debt to equity
0.06▲
2024 · 0.05
ROE
10.0%▲
2024 · 9.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€14,970▲
2024 · €12,759
Income taxes
€12,520▲
2024 · €11,521
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €3,149 | - | €1,158 | €60,791 |
| Depreciation and write-downs of the year | €837 | €1,384 | €679 | €4,673 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €9,050 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,928 | €7,716 | €7,716 | €837 | €1,384 | €679 | €4,673 | ▲ 588% |
| Other operating charges640/8 | - | - | - | €856 | €863 | €946 | €985 | ▲ 4.1% |
| Gross operating margin9900 | €42,311 | €31,370 | €39,045 | €16,673 | €35,758 | €35,590 | €45,286 | ▲ 27.2% |
| Operating profit (loss)9901 | €32,547 | €22,810 | €30,518 | €14,981 | €33,511 | €33,964 | €39,628 | ▲ 16.7% |
| Financial income75/76B | - | - | - | €0 | - | €180 | €278 | ▲ 54.4% |
| Recurring financial income75 | €28 | €266 | - | €0 | - | €180 | €278 | ▲ 54.4% |
| Financial charges65/66B | - | - | - | €179 | €186 | €191 | €198 | ▲ 3.8% |
| Recurring financial charges65 | €2,114 | €2,420 | €1,660 | €179 | €186 | €191 | €198 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €30,461 | €20,656 | €28,858 | €14,802 | €33,325 | €33,953 | €39,709 | ▲ 17.0% |
| Income taxes67/77 | €11,864 | €8,467 | €13,357 | €5,252 | €11,210 | €11,521 | €12,520 | ▲ 8.7% |
| Profit (loss) for the period9904 | €18,597 | €12,189 | €15,501 | €9,550 | €22,115 | €22,432 | €27,188 | ▲ 21.2% |
| Profit (loss) for the period to be appropriated9905 | €18,597 | €12,189 | €29,735 | €9,550 | €22,115 | €22,432 | €27,188 | ▲ 21.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €209,524 | €214,690 | €236,524 | €245,038 | €229,029 | €257,043 | €286,442 | ▲ 11.4% |
| Fixed assets21/28 | €16,939 | €9,224 | €1,508 | €3,820 | €2,436 | €2,914 | €59,032 | ▲ 20× |
| Tangible fixed assets22/27 | €16,939 | €9,224 | €1,508 | €3,820 | €2,436 | €2,914 | €59,032 | ▲ 20× |
| Plant, machinery and equipment23 | - | - | - | €754 | - | - | €2,284 | - |
| Furniture and vehicles24 | - | - | - | €3,066 | €2,436 | €2,914 | €56,748 | ▲ 19× |
| Current assets29/58 | €192,585 | €205,467 | €235,016 | €241,218 | €226,593 | €254,128 | €227,410 | ▼ 10.5% |
| Amounts receivable within one year40/41 | €3,145 | €4,306 | €25,500 | €6,168 | €2,838 | €991 | €4 | ▼ 99.6% |
| Trade receivables40 | - | - | - | €3,000 | €2,250 | - | - | - |
| Other amounts receivable41 | - | - | - | €3,168 | €588 | €991 | €4 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €189,093 | €200,768 | €209,110 | €234,630 | €222,610 | €252,672 | €226,638 | ▼ 10.3% |
| Deferred charges and accrued income490/1 | - | - | - | €420 | €1,145 | €465 | €768 | ▲ 65.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €209,524 | €214,690 | €236,524 | €245,038 | €229,029 | €257,043 | €286,442 | ▲ 11.4% |
| Equity10/15 | €162,498 | €174,687 | €190,188 | €199,738 | €221,852 | €244,284 | €271,472 | ▲ 11.1% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €150,098 | €162,287 | €177,788 | €187,338 | €209,452 | €231,884 | €259,072 | ▲ 11.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €185,478 | €207,592 | €230,024 | €257,212 | ▲ 11.8% |
| Amounts payable17/49 | €47,027 | €40,003 | €46,337 | €45,300 | €7,177 | €12,759 | €14,970 | ▲ 17.3% |
| Amounts payable after more than one year17 | €6,366 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €40,619 | €39,961 | €46,337 | €45,300 | €7,177 | €12,759 | €14,970 | ▲ 17.3% |
| Trade debts44 | €176 | €134 | €522 | €260 | €485 | €320 | €88 | ▼ 72.3% |
| Suppliers440/4 | - | - | - | €260 | €485 | €320 | €88 | ▼ 72.3% |
| Taxes, remuneration and social security45 | - | - | - | €451 | - | €2,467 | €2,607 | ▲ 5.7% |
| Taxes450/3 | - | - | - | €451 | - | €2,467 | €2,607 | ▲ 5.7% |
| Other amounts payable47/48 | - | - | - | €44,589 | €6,692 | €9,972 | €12,274 | ▲ 23.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,597 | €12,189 | €15,501 | €9,550 | €22,115 | €22,432 | €27,188 | ▲ 21.2% |
| + Depreciation and write-downs630 | €8,928 | €7,716 | €7,716 | €837 | €1,384 | €679 | €4,673 | ▲ 588% |
| Operating cash flow (approximation) | €27,525 | €19,905 | €23,217 | €10,387 | €23,498 | €23,111 | €31,861 | ▲ 37.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,149 | €0 | -€1,158 | -€60,791 | ▼ 5,152% |
| Change in cash | - | €11,675 | €8,341 | €25,520 | -€12,020 | €30,062 | -€26,034 | - |
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, 31,368 companies had the same profile as EBIZ@WORK has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EBIZ@WORK itself: < 0.1% 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 31,368 companies, not a prediction for EBIZ@WORK. 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 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 29-10-2025 | 2025-00555037 | |
| 31-03-2024 | micro format | 10-10-2024 | 2024-00507715 | |
| 31-03-2023 | micro format | 18-10-2023 | 2023-00488827 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20480731 | |
| 31-03-2021 | micro format | 27-10-2021 | 2021-74400210 | |
| 31-03-2020 | micro format | 10-11-2020 | 2020-70100309 | |
| 31-03-2019 | micro format | 01-10-2019 | 2019-68100251 | |
| 31-03-2018 | micro format | 20-09-2018 | 2018-64100254 | |
| 31-03-2017 | micro format | 19-09-2017 | 2017-61300576 | |
| 31-03-2016 | abbreviated format | 29-09-2016 | 2016-62700528 |