EQUISIGN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-10-2025 PDF all 21 filings
Turnover
≈ €100,000
Estimated: probably between €93,000 and €140,000
Total assets
€498,501▲ 8.1%
2024 · €461,014
Net result
€48,097▲ 50×
2024 · €957
Working capital
€470,311▲ 11.3%
2024 · €422,376
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€54,517
2025
20192025
Net result
€48,097
▲ 50×
2025
middle half of the sector
20192025
Equity
€472,187
▲ 11.3%
2025
highest quarter of the sector
20192025
Total assets
€498,501
▲ 8.1%
2025
highest quarter of the sector
20192025
Debt
€26,315
▼ 28.7%
2025
20192025
Working capital
€470,311
▲ 11.3%
2025
highest quarter of the sector
20192025
Solvency
94.7%
▲ 2.7pp
2025
highest quarter of the sector
20192025
Current ratio
19.83
▲ 6.91
2025
highest quarter of the sector
20192025
Return on assets (ROA)
9.6%
▲ 9.4pp
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€22,343-€15,550▼ 30.4%€10,898▼ 29.9%-€9,049-€5,158▲ 43.0%-€5,052▲ 2.1%€54,517
Net result€25,790-€16,635within the sector's middle half▼ 35.5%€12,793within the sector's middle half▼ 23.1%-€3,099below the sector's middle half€2,089below the sector's middle half€957below the sector's middle half▼ 54.2%€48,097within the sector's middle half▲ 50×
Equity€394,714-€411,349above the sector's middle half▲ 4.2%€424,142above the sector's middle half▲ 3.1%€421,043above the sector's middle half▼ 0.7%€423,132above the sector's middle half▲ 0.5%€424,089above the sector's middle half▲ 0.2%€472,187above the sector's middle half▲ 11.3%
Total assets€422,305-€435,894above the sector's middle half▲ 3.2%€450,437above the sector's middle half▲ 3.3%€449,966above the sector's middle half▼ 0.1%€462,651above the sector's middle half▲ 2.8%€461,014above the sector's middle half▼ 0.4%€498,501above the sector's middle half▲ 8.1%
Debt€27,591-€24,545▼ 11.0%€26,295▲ 7.1%€28,923▲ 10.0%€39,519▲ 36.6%€36,925▼ 6.6%€26,315▼ 28.7%
Working capital€389,188-€406,984above the sector's middle half▲ 4.6%€419,927above the sector's middle half▲ 3.2%€417,882above the sector's middle half▼ 0.5%€421,908above the sector's middle half▲ 1.0%€422,376above the sector's middle half▲ 0.1%€470,311above the sector's middle half▲ 11.3%
Solvency93.5%-94.4%above the sector's middle half▲ 0.9pp94.2%above the sector's middle half▼ 0.2pp93.6%above the sector's middle half▼ 0.6pp91.5%above the sector's middle half▼ 2.1pp92.0%above the sector's middle half▲ 0.5pp94.7%above the sector's middle half▲ 2.7pp
Current ratio15.49-17.82above the sector's middle half▲ 2.3316.97above the sector's middle half▼ 0.8515.73above the sector's middle half▼ 1.2412.24above the sector's middle half▼ 3.4912.92above the sector's middle half▲ 0.6819.83above the sector's middle half▲ 6.91
Return on assets (ROA)6.1%-3.8%within the sector's middle half▼ 2.3pp2.8%below the sector's middle half▼ 1.0pp-0.7%below the sector's middle half▼ 3.5pp0.5%below the sector's middle half▲ 1.1pp0.2%below the sector's middle half▼ 0.2pp9.6%within the sector's middle half▲ 9.4pp
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 profit of €54,517, after a loss of €5,052 in 2024. It is the highest result since 2021.
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 €498,501
Fixed assets
€3,215 =
Current assets
€495,286 ▲ 8.2%
Equity and liabilities €498,501
Equity
€472,187 ▲ 11.3%
Debt
€26,315 ▼ 28.7%
Debt's share of the balance-sheet total falls from 8.0% to 5.3%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.06▼
2024 · 0.09
ROE
10.2%▲
2024 · 0.2%
Debt ≤ 1 year
€24,975▼
2024 · €35,423
Income taxes
€14,297▲
2024 · €510
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,516 | €1,546 | €500 | €500 | €500 | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €24,206 | €17,443 | €11,745 | -€8,201 | -€4,311 | -€4,667 | €54,904 | - |
| Operating profit (loss)9901 | €22,343 | €15,550 | €10,898 | -€9,049 | -€5,158 | -€5,052 | €54,517 | - |
| Financial income75/76B | - | - | - | €6,400 | €8,069 | €7,351 | €8,807 | ▲ 19.8% |
| Recurring financial income75 | €12,804 | €7,182 | €6,400 | €6,400 | €8,069 | €7,351 | €8,807 | ▲ 19.8% |
| Financial charges65/66B | - | - | - | €451 | €484 | €833 | €930 | ▲ 11.6% |
| Recurring financial charges65 | €804 | €1,038 | €705 | €451 | €484 | €833 | €930 | ▲ 11.6% |
| Profit (loss) for the period before taxes9903 | €34,343 | €21,694 | €16,593 | -€3,099 | €2,427 | €1,467 | €62,394 | ▲ 43× |
| Income taxes67/77 | €8,553 | €5,059 | €3,800 | - | €338 | €510 | €14,297 | ▲ 28× |
| Profit (loss) for the period9904 | €25,790 | €16,635 | €12,793 | -€3,099 | €2,089 | €957 | €48,097 | ▲ 50× |
| Profit (loss) for the period to be appropriated9905 | €25,790 | €16,635 | €12,793 | -€3,099 | €2,089 | €957 | €48,097 | ▲ 50× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €422,305 | €435,894 | €450,437 | €449,966 | €462,651 | €461,014 | €498,501 | ▲ 8.1% |
| Fixed assets21/28 | €6,261 | €4,714 | €4,215 | €3,715 | €3,215 | €3,215 | €3,215 | = |
| Tangible fixed assets22/27 | €3,046 | €1,499 | €1,000 | €500 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €500 | - | - | - | - |
| Financial fixed assets28 | €3,215 | €3,215 | €3,215 | €3,215 | €3,215 | €3,215 | €3,215 | = |
| Current assets29/58 | €416,044 | €431,180 | €446,223 | €446,251 | €459,436 | €457,799 | €495,286 | ▲ 8.2% |
| Amounts receivable after more than one year29 | - | - | - | €320,000 | €320,000 | €320,000 | €320,000 | = |
| Other amounts receivable291 | - | - | - | €320,000 | €320,000 | €320,000 | €320,000 | = |
| Amounts receivable within one year40/41 | €416,044 | €111,180 | €116,186 | €121,783 | €138,205 | €137,799 | €169,704 | ▲ 23.2% |
| Trade receivables40 | - | - | - | €60,890 | €54,538 | €70,688 | €53,449 | ▼ 24.4% |
| Other amounts receivable41 | - | - | - | €60,892 | €83,667 | €67,111 | €116,256 | ▲ 73.2% |
| Cash at bank and in hand54/58 | - | - | €10,037 | €4,468 | €1,231 | - | €5,582 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €422,305 | €435,894 | €450,437 | €449,966 | €462,651 | €461,014 | €498,501 | ▲ 8.1% |
| Equity10/15 | €394,714 | €411,349 | €424,142 | €421,043 | €423,132 | €424,089 | €472,187 | ▲ 11.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | €6,200 | - |
| Other1109/19 | - | - | - | - | - | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €386,654 | €403,289 | €416,082 | €412,983 | €415,072 | €416,029 | €464,127 | ▲ 11.6% |
| Amounts payable17/49 | €27,591 | €24,545 | €26,295 | €28,923 | €39,519 | €36,925 | €26,315 | ▼ 28.7% |
| Amounts payable within one year42/48 | €26,856 | €24,195 | €26,295 | €28,370 | €37,528 | €35,423 | €24,975 | ▼ 29.5% |
| Financial debts43 | - | - | - | - | - | €9,698 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €9,698 | - | - |
| Trade debts44 | - | €5,770 | €15,736 | €21,302 | €27,863 | €19,659 | €10,007 | ▼ 49.1% |
| Suppliers440/4 | - | - | - | €21,302 | €27,863 | €19,659 | €10,007 | ▼ 49.1% |
| Taxes, remuneration and social security45 | - | - | - | €7,068 | €9,665 | €6,066 | €14,968 | ▲ 147% |
| Taxes450/3 | - | - | - | €7,068 | €9,665 | €6,066 | €14,968 | ▲ 147% |
| Accrued charges and deferred income492/3 | - | - | - | €553 | €1,990 | €1,502 | €1,340 | ▼ 10.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,790 | €16,635 | €12,793 | -€3,099 | €2,089 | €957 | €48,097 | ▲ 50× |
| + Depreciation and write-downs630 | €1,516 | €1,546 | €500 | €500 | €500 | - | - | - |
| Operating cash flow (approximation) | €27,306 | €18,181 | €13,293 | -€2,599 | €2,589 | €957 | €48,097 | ▲ 50× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | -€5,568 | -€3,237 | - | - | - |
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, 20,136 companies had the same profile as EQUISIGN has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of EQUISIGN 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 20,136 companies, not a prediction for EQUISIGN. 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 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 31-10-2025 | 2025-00558851 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00528932 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00504744 | |
| 31-03-2022 | micro format | 29-11-2022 | 2022-20530492 | |
| 31-03-2021 | micro format | 29-11-2021 | 2021-78700181 | |
| 31-03-2020 | micro format | 24-11-2020 | 2020-71800238 | |
| 31-03-2019 | micro format | 21-11-2019 | 2019-74100233 | |
| 31-03-2018 | micro format | 21-11-2018 | 2018-72700087 | |
| 31-03-2017 | micro format | 22-11-2017 | 2017-70300087 | |
| 31-03-2016 | full format | 23-11-2016 | 2016-68200541 |