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Private limited companyfounded 20169 yrs activeRue de Chantraine(J) 5, 5370 Havelange, BelgiumKBO/BCE: BE 0667.897.953

Follow and Optimize has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192k and a net result of €110k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 8623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2025

72 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability85▲+30

Solvency48▲+13

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €13k at 30 days acceptable

Liquidity ample (current ratio 1.55 against 1.44 in 2024; short-term debt: 58% and cash: 31.4% of total assets), but 77.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

22.9%

Return on assets

13%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8623 sector peers (2025).

NBB · sector comparison

Position among 8623 sector peers

Solvency

better than 24%

← weakest strongest →

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €192k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 9 filings

Deviation from the deadline

2025

25 d late

2024

25 d late

2023

29 d late

2022

30 d late

2021

29 d late

2020

31 d late

2019

24 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€110k▲ 277%

2024 · €29k

2018: €2k 2019: €-7k 2020: €-8k 2021: €7k 2022: €-40k 2023: €81k 2024: €29k

2018 → 2025

Working capital

€268k▲ 21.5%

2024 · €221k

2018: €20k 2019: €13k 2020: €46k 2021: €42k 2022: €-4k 2023: €76k 2024: €221k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€12k-€-28k€54k€83k▲ 54.1%€192k▲ 132%

Operating result€9k-€-34k€118k€61k▼ 48.0%€175k▲ 185%

Net result€7k-€-40k€81k€29k▼ 64.3%€110k▲ 277%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 185% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €841k

10%

89.9%

Fixed assets €85k▼ 9.7%

Current assets €756k▲ 4.9%

Equity and liabilities €841k

22.9%

77.1%

Equity €192k▲ 132%

Debt €649k▼ 11.4%

The debt ratio falls from 89.8% to 77.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€188k▲

2024 · €74k

Cash flow

€122k▲

2024 · €42k

Solvency

22.9%▲

2024 · 10.2%

Current ratio

1.55▲

2024 · 1.44

Quick ratio

1.39▲

2024 · 1.35

Debt / equity

3.37▼

2024 · 8.84

ROE

57.0%▲

2024 · 35.1%

ROA

13.0%▲

2024 · 3.6%

Interest coverage

8.05▲

2024 · 3.80

Debt

€649k▼

2024 · €732k

Debt ≤ 1 year

€488k▼

2024 · €500k

Debt > 1 year

€161k▼

2024 · €230k

Income taxes

€42k▲

2024 · €13k

Staff costs

€289k▲

2024 · €196k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€815k€841k▲

Fixed assets21/28€94k€85k▼

Intangible fixed assets21€93k€81k▼

Tangible fixed assets22/27€2k€4k▲

Plant, machinery and equipment23€933€731▼

Furniture and vehicles24€825€4k▲

Current assets29/58€720k€756k▲

Stocks and contracts in progress3€48k€79k▲

Stocks30/36€48k€79k▲

Amounts receivable within one year40/41€506k€395k▼

Trade receivables40€499k€395k▼

Other amounts receivable41€7k€655▼

Cash at bank and in hand54/58€163k€264k▲

Deferred charges and accrued income490/1€3k€17k▲

Equity and liabilities

Total equity and liabilities10/49€815k€841k▲

Equity10/15€83k€192k▲

Contributions10/11€19k€19k=

Reserves13€1k€1k=

Non-distributable reserves130/1€1k€1k=

Reserves not available under the articles1311€1k€1k=

Profit (loss) carried forward14€63k€172k▲

Amounts payable17/49€732k€649k▼

Amounts payable after more than one year17€230k€161k▼

Financial debts170/4€230k€161k▼

Other amounts payable178/9€0-

Amounts payable within one year42/48€500k€488k▼

Current portion of amounts payable after more than one year42€53k€74k▲

Financial debts43€150k€200k▲

Credit institutions430/8€150k€200k▲

Trade debts44€240k€130k▼

Suppliers440/4€240k€130k▼

Taxes, remuneration and social security45€56k€84k▲

Taxes450/3€41k€73k▲

Remuneration and social security454/9€15k€12k▼

Accrued charges and deferred income492/3€2k€0▼

Income statement Code20242025

Remuneration, social security and pensions62€196k€289k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼

Other operating charges640/8€1k€837▼

Non-recurring operating charges66A€2k€0▼

Gross operating margin9900€273k€478k▲

Operating profit (loss)9901€61k€175k▲

Financial income75/76B€13€4▼

Recurring financial income75€13€4▼

Financial charges65/66B€20k€23k▲

Recurring financial charges65€20k€23k▲

Profit (loss) for the period before taxes9903€42k€152k▲

Income taxes67/77€13k€42k▲

Profit (loss) for the period9904€29k€110k▲

Profit (loss) for the period to be appropriated9905€29k€110k▲

Appropriation of the result

Profit (loss) to be appropriated9906€63k€172k▲

Profit (loss) brought forward from the previous period14P€34k€63k▲

Social balance

Average headcount (FTE)90873.34.7▲

The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 6Gazette 1Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 25 days late

28-07

State Gazette act Resignations & appointments

General meeting · Director appointment · Permanent representative3 facts ▸

General meeting, 01/07/2026
Director appointment, RDB Management (administrateur)
Permanent representative, Laurent Rondenbosch

2025

31-12

Financial Highest result since 2018net €110k ▲277%

Operating result €175k, net result €110k, both a record.

31-12

Financial Equity above €150kEq €192k ▲132%

3 profitable years in a row build equity to €192k.

25-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 25 days late

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 29 days late

2023

31-12

Financial Back to profitnet €81k

Net result €81k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-12

Financial Weakest financial yearnet €-40k ▼674%

Net result drops to €-40k, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

31-12

Financial Back to profitnet €7k

Net result €7k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

24-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 24 days late

2019

31-12

Financial Liquidity times 6current ratio 14.61

Current ratio from 2.25 to 14.61; short-term debt falls from €16k to €972.

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

14-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 14 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 director, no change since 2026

RDB Management

Director · since 01-07-2026 · Private limited company · perm. rep.: Laurent Rondenbosch

Current

01-07-2026 Appointed as Director

Location & real-estate footprint

Registered office, Havelange · 3 establishment units since 2016

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue de Chantraine(J) 55370 Havelange

Ground area

9,391 m²

Building footprint

1,211 m²

Volume, LiDAR

31,655 m³

3 parcels, Brussels, Wallonia · tallest building 37.2 m, ±11 floors. Linked by address, not a title deed.

3 establishment units

FANDO

Rue de Chantraine(J) 5, 5370 HavelangeManufacture of computer, electronic and optical products

since 20162.331.242.768

Follow and Optimize

Terhulpsesteenweg 181, 1170 Watermaal-BosvoordeManufacture of computer, electronic and optical products

since 20172.260.443.260

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Chaussée de Waterloo(SS) 277, 5002 NamurOther education

since 20232.350.254.174

3 parcels

Wallonia 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21652E0041/00D002 ProtectedSite or landscapeBoom: Rode beukSource ↗	Brussels	7,508 m²	1 · 1,001 m²	37.2 m · 11 fl.
91076C0184/00B002	Wallonia	1,649 m²	1 · 163 m²	-
92108B0377/00Y022	Wallonia	234 m²	1 · 47 m²	7.6 m · 2 fl.