FOCAL POINT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 14 filings
Turnover
≈ €1.2m
Estimated: probably between €790,000 and €1.8m
EBIT margin
Not included in this filing
Net result
€295,972▼ 7.0%
2024 · €318,114
Working capital
€406,746▲ 179%
2024 · €145,826
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€410,189
▼ 8.8%
2025
20182025
Net result
€295,972
▼ 7.0%
2025
highest quarter of the sector
20182025
Equity
€742,395
▲ 66.3%
2025
highest quarter of the sector
20182025
Total assets
€1.5m
▲ 6.7%
2025
highest quarter of the sector
20182025
Debt
€763,895
▼ 20.8%
2025
20182025
Working capital
€406,746
▲ 179%
2025
highest quarter of the sector
20182025
Solvency
49.3%
▲ 17.6pp
2025
middle half of the sector
20182025
Current ratio
2.43
▲ 1.09
2025
middle half of the sector
20182025
Return on assets (ROA)
19.6%
▼ 2.9pp
2025
middle half of the sector
20182025
Staff (FTE)
0
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.005m▼ 77.3%-€0.001m€0.06m€0.04m▼ 30.8%€0.1m▲ 207%€0.4m▲ 284%€0.4m▼ 8.8%
Net result€0.02m-€0.003m▼ 86.5%-€0.001mbelow the sector's middle half€0.04mwithin the sector's middle half€0.03mwithin the sector's middle half▼ 35.9%€0.08mwithin the sector's middle half▲ 221%€0.3mabove the sector's middle half▲ 290%€0.3mabove the sector's middle half▼ 7.0%
Equity€0.04m-€0.04m▲ 4.6%€0.04mwithin the sector's middle half▼ 4.6%€0.08mwithin the sector's middle half▲ 101%€0.1mwithin the sector's middle half▲ 31.2%€0.2mwithin the sector's middle half▲ 78.7%€0.4mwithin the sector's middle half▲ 141%€0.7mabove the sector's middle half▲ 66.3%
Total assets€0.08m-€0.07m▼ 15.1%€0.6mwithin the sector's middle half▲ 761%€0.6mwithin the sector's middle half▼ 3.1%€0.4mwithin the sector's middle half▼ 37.5%€0.2mwithin the sector's middle half▼ 30.7%€1.4mwithin the sector's middle half▲ 475%€1.5mabove the sector's middle half▲ 6.7%
Debt€0.04m-€0.03m▼ 34.1%€0.5m▲ 20×€0.5m▼ 10.6%€0.3m▼ 48.6%€0.06m▼ 75.9%€1.0m▲ 16×€0.8m▼ 20.8%
Working capital€0.04m-€0.04m▼ 9.1%€0.03mwithin the sector's middle half▼ 24.3%€0.07mwithin the sector's middle half▲ 139%€0.1mwithin the sector's middle half▲ 30.5%€0.2mwithin the sector's middle half▲ 81.9%€0.1mwithin the sector's middle half▼ 15.9%€0.4mabove the sector's middle half▲ 179%
Solvency49.1%-60.5%▲ 11.4pp6.7%below the sector's middle half▼ 53.8pp13.9%below the sector's middle half▲ 7.2pp29.2%within the sector's middle half▲ 15.3pp75.4%above the sector's middle half▲ 46.2pp31.6%within the sector's middle half▼ 43.8pp49.3%within the sector's middle half▲ 17.6pp
Current ratio2.28-2.53▲ 0.251.06below the sector's middle half▼ 1.471.15within the sector's middle half▲ 0.091.38within the sector's middle half▲ 0.233.87above the sector's middle half▲ 2.491.34within the sector's middle half▼ 2.532.43within the sector's middle half▲ 1.09
Return on assets (ROA)24.1%-3.8%▼ 20.3pp-0.2%below the sector's middle half▼ 4.0pp7.0%within the sector's middle half▲ 7.2pp7.2%within the sector's middle half▲ 0.2pp33.2%above the sector's middle half▲ 26.0pp22.5%above the sector's middle half▼ 10.7pp19.6%within the sector's middle half▼ 2.9pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
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 9% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€814,227 ▼ 2.3%
Current assets
€692,063 ▲ 19.7%
Equity and liabilities €1.5m
Equity
€742,395 ▲ 66.3%
Debt
€763,895 ▼ 20.8%
Debt's share of the balance-sheet total falls from 68.4% to 50.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€433,748▼
2024 · €503,509
Cash flow
€319,532▼
2024 · €372,093
Debt to equity
1.03▼
2024 · 2.16
ROE
39.9%▼
2024 · 71.3%
Interest coverage
18.85▼
2024 · 53.07
Debt ≤ 1 year
€285,317▼
2024 · €432,190
Debt > 1 year
€466,948▼
2024 · €497,974
Income taxes
€93,884▼
2024 · €122,367
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,940 | €7,574 | €844,232 | €3,050 |
| Financial fixed assets | - | - | €398 | - | €1,672 |
| Depreciation and write-downs of the year | €2,764 | €3,578 | €4,464 | €53,979 | €23,560 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
European Union, budget
2021 to 2025 · 5 entries · €1.1m in total| Year | Entries | Awarded |
|---|---|---|
| 2025 | 1 | €589,924 |
| 2024 | 1 | €0 |
| 2022 | 1 | €210,252 |
| 2021 | 2 | €313,976 |
Projects
HARPIA-DEFENCE - HARMONISED APPROACH FOR RESILIENT PROACTIVE INTELLIGENCE ASSESSMENT IN DEFENCE
SENTINEL - BRIDGING THE SECURITY, PRIVACY AND DATA PROTECTION GAP FOR SMALLER ENTERPRISES IN EUROPE
CYBERSECPRO - COLLABORATIVE, MULTI-MODAL AND AGILE PROFESSIONAL CYBERSECURITY TRAINING PROGRAM FOR A SKILLED WORKFORCE IN THE EUROPEAN DIGITAL SINGLE MARKET AND INDUSTRIES
CYBERSYNCHRONY - HARMONIZING PEOPLE, PROCESSES, AND TECHNOLOGY FOR ROBUST CYBERSECURITY
European research
3 projects · €1.1m EU contributionProgrammes
Projects
Certifying the Security and Resilience of Supply Chain Services
A Dynamic and Self-Organized Artificial Swarm Intelligence Solution for Security and Privacy Threats in Healthcare ICT Infrastructures
Bridging the security, privacy and data protection gap for smaller enterprises in Europe
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €17,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €591 | €1,068 | €2,496 | €2,764 | €3,578 | €4,464 | €53,979 | €23,560 | ▼ 56.4% |
| Other operating charges640/8 | - | - | - | - | - | - | €35,076 | €4,109 | ▼ 88.3% |
| Gross operating margin9900 | €23,869 | €6,350 | €1,887 | €57,870 | €41,738 | €121,440 | €538,585 | €437,857 | ▼ 18.7% |
| Operating profit (loss)9901 | €23,279 | €5,282 | -€638 | €55,106 | €38,159 | €116,977 | €449,530 | €410,189 | ▼ 8.8% |
| Financial income75/76B | - | - | - | €639 | €0 | €111 | €440 | €2,677 | ▲ 508% |
| Recurring financial income75 | €251 | €142 | €773 | €639 | €0 | €111 | €440 | €2,677 | ▲ 508% |
| Financial charges65/66B | - | - | - | €890 | €2,570 | €1,879 | €9,489 | €23,009 | ▲ 142% |
| Recurring financial charges65 | €484 | €1,738 | €840 | €890 | €2,570 | €1,879 | €9,489 | €23,009 | ▲ 142% |
| Profit (loss) for the period before taxes9903 | €23,046 | €3,686 | -€704 | €54,856 | €35,590 | €115,209 | €440,482 | €389,857 | ▼ 11.5% |
| Income taxes67/77 | €3,723 | €1,070 | €381 | €15,135 | €10,147 | €33,654 | €122,367 | €93,884 | ▼ 23.3% |
| Profit (loss) for the period9904 | €19,323 | €2,616 | -€1,085 | €39,721 | €25,442 | €81,555 | €318,114 | €295,972 | ▼ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €19,323 | €2,616 | -€1,085 | €39,721 | €25,442 | €81,555 | €318,114 | €295,972 | ▼ 7.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.08m | €0.07m | €0.6m | €0.6m | €0.4m | €0.2m | €1.4m | €1.5m | ▲ 6.7% |
| Fixed assets21/28 | €0.001m | €0.001m | €0.009m | €0.006m | €0.008m | €0.01m | €0.8m | €0.8m | ▼ 2.3% |
| Intangible fixed assets21 | - | - | - | - | - | €0.002m | €120 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0.001m | €0.001m | €0.009m | €0.006m | €0.008m | €0.01m | €0.8m | €0.8m | ▼ 2.4% |
| Land and buildings22 | - | - | - | - | - | - | €0.8m | €0.8m | ▼ 2.2% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.005m | €0.01m | €0.007m | €0.004m | ▼ 39.8% |
| Furniture and vehicles24 | - | - | - | €0.005m | €0.003m | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | €398 | €0 | €0.002m | - |
| Current assets29/58 | €0.08m | €0.07m | €0.6m | €0.6m | €0.3m | €0.2m | €0.6m | €0.7m | ▲ 19.7% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0.02m | €0.03m | €0.05m | ▲ 47.9% |
| Trade receivables290 | - | - | - | - | - | €0.02m | €0.03m | €0.05m | ▲ 47.9% |
| Amounts receivable within one year40/41 | €0.06m | €0.03m | €0.004m | €0.02m | €0.04m | €0.06m | €0.09m | €0.4m | ▲ 286% |
| Trade receivables40 | - | - | - | €0.01m | €0.04m | €0.04m | €0.06m | €0.3m | ▲ 364% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.002m | €0.02m | €0.03m | €0.07m | ▲ 134% |
| Current investments50/53 | - | - | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Cash at bank and in hand54/58 | €0.01m | €0.04m | €0.6m | €0.5m | €0.3m | €0.1m | €0.4m | €0.3m | ▼ 39.3% |
| Deferred charges and accrued income490/1 | - | - | - | €424 | - | €0.008m | €0.003m | €0.004m | ▲ 23.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.08m | €0.07m | €0.6m | €0.6m | €0.4m | €0.2m | €1.4m | €1.5m | ▲ 6.7% |
| Equity10/15 | €0.04m | €0.04m | €0.04m | €0.08m | €0.1m | €0.2m | €0.4m | €0.7m | ▲ 66.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.02m | €0.02m | €0.02m | €0.06m | €0.09m | €0.2m | €0.4m | €0.7m | ▲ 69.5% |
| Amounts payable17/49 | €0.04m | €0.03m | €0.5m | €0.5m | €0.3m | €0.06m | €1.0m | €0.8m | ▼ 20.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €0.5m | €0.5m | ▼ 6.2% |
| Financial debts170/4 | - | - | - | - | - | - | €0.5m | €0.5m | ▼ 6.2% |
| Amounts payable within one year42/48 | €0.03m | €0.03m | €0.5m | €0.5m | €0.3m | €0.06m | €0.4m | €0.3m | ▼ 34.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.02m | €0.03m | ▲ 40.9% |
| Financial debts43 | - | - | - | - | - | - | €0.001m | €0.03m | ▲ 20× |
| Credit institutions430/8 | - | - | - | - | - | - | €0.001m | €0.03m | ▲ 20× |
| Trade debts44 | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 1.3% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 1.3% |
| Advances received on contracts in progress46 | - | - | - | €0.5m | €0.2m | - | €0.2m | €0.07m | ▼ 71.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.01m | €0.03m | €0.1m | €0.1m | ▲ 8.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.01m | €0.03m | €0.1m | €0.1m | ▲ 9.5% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0.002m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.001m | - | - | €0.03m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.03m | €0.01m | ▼ 66.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,323 | €2,616 | -€1,085 | €39,721 | €25,442 | €81,555 | €318,114 | €295,972 | ▼ 7.0% |
| + Depreciation and write-downs630 | €591 | €1,068 | €2,496 | €2,764 | €3,578 | €4,464 | €53,979 | €23,560 | ▼ 56.4% |
| Operating cash flow (approximation) | €19,913 | €3,684 | €1,410 | €42,485 | €29,021 | €86,018 | €372,093 | €319,532 | ▼ 14.1% |
| Investment in fixed assets (approximation) | - | -€1,432 | -€9,892 | €0 | -€5,940 | -€7,972 | -€875,207 | -€4,722 | ▲ 99.5% |
| Change in cash | - | €22,112 | €536,360 | -€26,449 | -€244,506 | -€176,091 | €302,873 | -€168,377 | - |
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, 17,811 companies had the same profile as FOCAL POINT has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of FOCAL POINT 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 17,811 companies, not a prediction for FOCAL POINT. 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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 20-07-2026 | 2026-00309570 | |
| 31-12-2024 | full format | 14-10-2025 | 2025-00541579 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00421619 | |
| 31-12-2022 | full format | 28-08-2023 | 2023-00404483 | |
| 31-12-2021 | full format | 29-08-2022 | 2022-20419504 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-63900186 | |
| 31-12-2019 | full format | 26-08-2020 | 2020-49400190 | |
| 31-12-2018 | full format | 02-07-2019 | 2019-28200158 | |
| 31-12-2017 | full format | 24-07-2018 | 2018-37800111 | |
| 31-12-2016 | full format | 04-07-2017 | 2017-28700361 |