FILE-IT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00034698.
Annual accounts 2025 filed on 06-02-2026 PDF all 23 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €210,000
Estimated: probably between €180,000 and €270,000
Total assets
€489,435▲ 19.6%
2024 · €409,198
Net result
€81,377▲ 24.4%
2024 · €65,403
Working capital
€441,007▲ 19.9%
2024 · €367,723
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€87,990
▲ 14.1%
2025
20192025
Net result
€81,377
▲ 24.4%
2025
highest quarter of the sector
20192025
Equity
€450,749
▲ 20.5%
2025
highest quarter of the sector
20192025
Total assets
€489,435
▲ 19.6%
2025
highest quarter of the sector
20192025
Debt
€38,686
▲ 9.6%
2025
20192025
Working capital
€441,007
▲ 19.9%
2025
highest quarter of the sector
20192025
Solvency
92.1%
▲ 0.7pp
2025
highest quarter of the sector
20192025
Current ratio
12.40
▲ 0.98
2025
highest quarter of the sector
20192025
Return on assets (ROA)
16.6%
▲ 0.6pp
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€53,158-€65,607▲ 23.4%€64,611▼ 1.5%€47,037▼ 27.2%€78,267▲ 66.4%€77,144▼ 1.4%€87,990▲ 14.1%
Net result€4,543-€43,801above the sector's middle half▲ 864%€89,518above the sector's middle half▲ 104%€3,025below the sector's middle half▼ 96.6%€55,985above the sector's middle half▲ 19×€65,403above the sector's middle half▲ 16.8%€81,377above the sector's middle half▲ 24.4%
Equity€137,022-€180,822above the sector's middle half▲ 32.0%€270,340above the sector's middle half▲ 49.5%€265,562above the sector's middle half▼ 1.8%€308,511above the sector's middle half▲ 16.2%€373,915above the sector's middle half▲ 21.2%€450,749above the sector's middle half▲ 20.5%
Total assets€193,998-€233,455within the sector's middle half▲ 20.3%€313,380above the sector's middle half▲ 34.2%€286,962above the sector's middle half▼ 8.4%€343,819above the sector's middle half▲ 19.8%€409,198above the sector's middle half▲ 19.0%€489,435above the sector's middle half▲ 19.6%
Debt€56,976-€52,633▼ 7.6%€43,040▼ 18.2%€21,400▼ 50.3%€35,308▲ 65.0%€35,284▼ 0.1%€38,686▲ 9.6%
Working capital€124,486-€175,063above the sector's middle half▲ 40.6%€259,978above the sector's middle half▲ 48.5%€260,585above the sector's middle half▲ 0.2%€303,718above the sector's middle half▲ 16.6%€367,723above the sector's middle half▲ 21.1%€441,007above the sector's middle half▲ 19.9%
Solvency70.6%-77.5%within the sector's middle half▲ 6.8pp86.3%above the sector's middle half▲ 8.8pp92.5%above the sector's middle half▲ 6.3pp89.7%above the sector's middle half▼ 2.8pp91.4%above the sector's middle half▲ 1.6pp92.1%above the sector's middle half▲ 0.7pp
Current ratio3.98-5.63above the sector's middle half▲ 1.667.46above the sector's middle half▲ 1.8213.18above the sector's middle half▲ 5.729.60above the sector's middle half▼ 3.5711.42above the sector's middle half▲ 1.8212.40above the sector's middle half▲ 0.98
Return on assets (ROA)2.3%-18.8%within the sector's middle half▲ 16.4pp28.6%above the sector's middle half▲ 9.8pp1.1%below the sector's middle half▼ 27.5pp16.3%within the sector's middle half▲ 15.2pp16.0%within the sector's middle half▼ 0.3pp16.6%within the sector's middle half▲ 0.6pp
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 14% higher than in 2024 and the highest since 2021. It is a recovery after the fall 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 €489,435
Fixed assets
€9,742 ▲ 57.3%
Current assets
€479,693 ▲ 19.0%
Equity and liabilities €489,435
Equity
€450,749 ▲ 20.5%
Debt
€38,686 ▲ 9.6%
Debt's share of the balance-sheet total falls from 8.6% to 7.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90,034▲
2024 · €78,315
Cash flow
€83,421▲
2024 · €66,575
Debt to equity
0.09▼
2024 · 0.09
ROE
18.1%▲
2024 · 17.5%
Interest coverage
-104.85▼
2024 · 14.43
Debt ≤ 1 year
€38,686▲
2024 · €35,284
Income taxes
€39,539▲
2024 · €33,543
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €477 | €2,570 | €5,594 |
| Depreciation and write-downs of the year | €8,159 | €660 | €1,172 | €2,044 |
Source: notes to the 2022 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 | €9,820 | €9,857 | €10,171 | €8,159 | €660 | €1,172 | €2,044 | ▲ 74.5% |
| Other operating charges640/8 | - | - | - | €1,395 | €1,565 | €1,003 | €1,269 | ▲ 26.5% |
| Gross operating margin9900 | €63,464 | €76,137 | €75,856 | €56,590 | €80,491 | €79,319 | €91,303 | ▲ 15.1% |
| Operating profit (loss)9901 | €53,158 | €65,607 | €64,611 | €47,037 | €78,267 | €77,144 | €87,990 | ▲ 14.1% |
| Financial income75/76B | - | - | - | €37,615 | €33,391 | €27,230 | €32,067 | ▲ 17.8% |
| Recurring financial income75 | €10,384 | €26,110 | €102,855 | €37,615 | €19,816 | €27,230 | €32,067 | ▲ 17.8% |
| Non-recurring financial income76B | - | - | - | - | €13,575 | €0 | - | - |
| Financial charges65/66B | - | - | - | €58,114 | €20,917 | €5,428 | -€859 | - |
| Recurring financial charges65 | €36,895 | €16,255 | €27,792 | €58,114 | €20,917 | €5,428 | -€859 | - |
| Profit (loss) for the period before taxes9903 | €26,648 | €75,462 | €139,674 | €26,539 | €90,740 | €98,946 | €120,915 | ▲ 22.2% |
| Income taxes67/77 | €22,105 | €31,661 | €50,156 | €23,514 | €34,755 | €33,543 | €39,539 | ▲ 17.9% |
| Profit (loss) for the period9904 | €4,543 | €43,801 | €89,518 | €3,025 | €55,985 | €65,403 | €81,377 | ▲ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €4,543 | €43,801 | €89,518 | €3,025 | €55,985 | €65,403 | €81,377 | ▲ 24.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €193,998 | €233,455 | €313,380 | €286,962 | €343,819 | €409,198 | €489,435 | ▲ 19.6% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €27,685 | €20,593 | €13,135 | €4,977 | €4,794 | €6,192 | €9,742 | ▲ 57.3% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €27,685 | €20,593 | €13,135 | €4,977 | €4,794 | €6,192 | €9,742 | ▲ 57.3% |
| Furniture and vehicles24 | - | - | - | - | €396 | €2,373 | €2,003 | ▼ 15.6% |
| Other tangible fixed assets26 | - | - | - | €4,977 | €4,398 | €3,819 | €7,739 | ▲ 103% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - |
| Current assets29/58 | €166,313 | €212,862 | €300,245 | €281,985 | €339,026 | €403,007 | €479,693 | ▲ 19.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €26,327 | €31,664 | €64,917 | €71,478 | €108,124 | €168,978 | €192,179 | ▲ 13.7% |
| Trade receivables40 | - | - | - | €11,587 | €15,104 | €18,545 | €21,112 | ▲ 13.8% |
| Other amounts receivable41 | - | - | - | €59,891 | €93,020 | €150,433 | €171,066 | ▲ 13.7% |
| Current investments50/53 | €111,574 | €126,805 | €201,663 | €174,016 | €176,485 | €205,936 | €241,914 | ▲ 17.5% |
| Cash at bank and in hand54/58 | €28,390 | €53,524 | €29,227 | €32,804 | €50,261 | €19,317 | €41,019 | ▲ 112% |
| Deferred charges and accrued income490/1 | - | - | - | €3,687 | €4,156 | €8,776 | €4,582 | ▼ 47.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €193,998 | €233,455 | €313,380 | €286,962 | €343,819 | €409,198 | €489,435 | ▲ 19.6% |
| Equity10/15 | €137,022 | €180,822 | €270,340 | €265,562 | €308,511 | €373,915 | €450,749 | ▲ 20.5% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €124,622 | €168,422 | €257,940 | €253,162 | €296,111 | €361,515 | €438,349 | ▲ 21.3% |
| 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 | - | - | - | €251,302 | €294,251 | €359,655 | €436,489 | ▲ 21.4% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €56,976 | €52,633 | €43,040 | €21,400 | €35,308 | €35,284 | €38,686 | ▲ 9.6% |
| Amounts payable after more than one year17 | €15,149 | €6,520 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €41,828 | €37,799 | €40,268 | €21,400 | €35,308 | €35,284 | €38,686 | ▲ 9.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,034 | €5,060 | €5,090 | €5,072 | ▼ 0.4% |
| Financial debts43 | - | - | - | €95 | €0 | €329 | €21 | ▼ 93.6% |
| Credit institutions430/8 | - | - | - | €95 | €0 | €329 | €21 | ▼ 93.6% |
| Trade debts44 | €1,898 | €1,735 | €2,892 | €1,879 | €4,312 | €4,617 | €4,522 | ▼ 2.1% |
| Suppliers440/4 | - | - | - | €1,879 | €4,312 | €4,617 | €4,522 | ▼ 2.1% |
| Taxes, remuneration and social security45 | - | - | - | €14,393 | €25,935 | €25,248 | €29,071 | ▲ 15.1% |
| Taxes450/3 | - | - | - | €14,393 | €25,935 | €25,248 | €29,071 | ▲ 15.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,543 | €43,801 | €89,518 | €3,025 | €55,985 | €65,403 | €81,377 | ▲ 24.4% |
| + Depreciation and write-downs630 | €9,820 | €9,857 | €10,171 | €8,159 | €660 | €1,172 | €2,044 | ▲ 74.5% |
| Operating cash flow (approximation) | €14,363 | €53,658 | €99,689 | €11,183 | €56,645 | €66,575 | €83,421 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | -€2,765 | -€2,714 | €0 | -€477 | -€2,570 | -€5,594 | ▼ 118% |
| Change in cash | - | €25,134 | -€24,297 | €3,577 | €17,457 | -€30,945 | €21,702 | - |
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 FILE-IT 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 FILE-IT 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 20,136 companies, not a prediction for FILE-IT. 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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 06-02-2026 | 2026-00034698 | |
| 30-06-2024 | micro format | 20-02-2025 | 2025-00037240 | |
| 30-06-2023 | micro format | 21-02-2024 | 2024-00032629 | |
| 30-06-2022 | micro format | 07-02-2023 | 2023-00024463 | |
| 30-06-2021 | micro format | 03-02-2022 | 2022-04900034 | |
| 30-06-2020 | micro format | 11-02-2021 | 2021-05200407 | |
| 30-06-2019 | micro format | 27-02-2020 | 2020-05900012 | |
| 30-06-2018 | micro format | 14-01-2019 | 2019-01500513 | |
| 30-06-2017 | abbreviated format | 31-01-2018 | 2018-04200387 | |
| 30-06-2016 | abbreviated format | 27-02-2017 | 2017-05600492 |