GANEOS
ActiveSummary
GANEOS has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106,505 and a net result of -€613. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 21,120 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Financials · financial year 2025, micro format
Turnover
≈ €61,000
Estimated: probably between €31,000 and €120,000
Total assets
€461,629▼ 9.7%
2024 · €511,032
Net result
-€613
2024 · €128,205
Working capital
-€42,385▼ 51.4%
2024 · -€27,997
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 100% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€115
2025
Net result-€613
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€461,629
2025
Equity€106,505
2025
Debt€355,124
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€42,385
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency23.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.68
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€3,231--€46,021€2,220€19,703▲ 787%€3,198▼ 83.8%€7,416▲ 132%€194,217▲ 26×€115▼ 99.9%
Net result€529--€46,196€1,888below the sector's middle half€17,009within the sector's middle half▲ 801%-€1,092below the sector's middle half€102below the sector's middle half€128,205above the sector's middle half▲ 1,253×-€613below the sector's middle half
Equity€7,203--€38,993-€37,105below the sector's middle half▲ 4.8%-€20,097below the sector's middle half▲ 45.8%-€21,189below the sector's middle half▼ 5.4%-€21,086below the sector's middle half▲ 0.5%€107,118within the sector's middle half€106,505within the sector's middle half▼ 0.6%
Total assets€118,147-€112,461▼ 4.8%€159,566within the sector's middle half▲ 41.9%€487,019above the sector's middle half▲ 205%€474,691above the sector's middle half▼ 2.5%€487,701above the sector's middle half▲ 2.7%€511,032within the sector's middle half▲ 4.8%€461,629above the sector's middle half▼ 9.7%
Debt€110,944-€151,454▲ 36.5%€196,671▲ 29.9%€507,115▲ 158%€495,879▼ 2.2%€508,787▲ 2.6%€403,913▼ 20.6%€355,124▼ 12.1%
Working capital€12,620--€33,513-€37,105below the sector's middle half▼ 10.7%-€95,053below the sector's middle half▼ 156%-€115,475below the sector's middle half▼ 21.5%-€143,063below the sector's middle half▼ 23.9%-€27,997below the sector's middle half▲ 80.4%-€42,385below the sector's middle half▼ 51.4%
Solvency6.1%--34.7%▼ 40.8pp-23.3%below the sector's middle half▲ 11.4pp-4.1%below the sector's middle half▲ 19.1pp-4.5%below the sector's middle half▼ 0.3pp-4.3%below the sector's middle half▲ 0.1pp21.0%within the sector's middle half▲ 25.3pp23.1%below the sector's middle half▲ 2.1pp
Current ratio1.12-0.77▼ 0.350.81below the sector's middle half▲ 0.040.55below the sector's middle half▼ 0.260.48below the sector's middle half▼ 0.070.38below the sector's middle half▼ 0.100.82below the sector's middle half▲ 0.440.68below the sector's middle half▼ 0.14
Return on assets (ROA)0.4%--41.1%▼ 41.5pp1.2%below the sector's middle half▲ 42.3pp3.5%below the sector's middle half▲ 2.3pp-0.2%below the sector's middle half▼ 3.7pp0.0%below the sector's middle half▲ 0.3pp25.1%above the sector's middle half▲ 25.1pp-0.1%below the sector's middle half▼ 25.2pp
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2024 Net result +125,198% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €461,629
Fixed assets
€371,888 ▼ 3.7%
Current assets
€89,742 ▼ 28.1%
Equity and liabilities €461,629
Equity
€106,505 ▼ 0.6%
Debt
€355,124 ▼ 12.1%
Debt's share of the balance-sheet total falls from 79.0% to 76.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,376▼
2024 · €205,584
Cash flow
€10,647▼
2024 · €139,571
Debt to equity
3.33▼
2024 · 3.77
ROE
-0.6%▼
2024 · 119.7%
Interest coverage
2.50▼
2024 · 40.72
Debt ≤ 1 year
€132,127▼
2024 · €152,806
Debt > 1 year
€222,997▼
2024 · €251,108
Income taxes
-€3,529▼
2024 · €61,004
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,613 | €941 | €520 | €575 | €1,644 | €8,268 | €11,367 | €11,261 | ▼ 0.9% |
| Other operating charges640/8 | - | - | - | €593 | €596 | €1,199 | €289 | €239 | ▼ 17.4% |
| Gross operating margin9900 | €30,489 | -€34,355 | €3,352 | €20,871 | €5,438 | €16,883 | €205,873 | €11,614 | ▼ 94.4% |
| Operating profit (loss)9901 | €3,231 | -€46,021 | €2,220 | €19,703 | €3,198 | €7,416 | €194,217 | €115 | ▼ 99.9% |
| Financial income75/76B | - | - | - | €1 | €0 | €0 | €40 | €286 | ▲ 615% |
| Recurring financial income75 | €142 | - | - | €1 | €0 | €0 | €40 | €286 | ▲ 615% |
| Financial charges65/66B | - | - | - | €2,695 | €4,290 | €5,404 | €5,048 | €4,543 | ▼ 10.0% |
| Recurring financial charges65 | €234 | €175 | €15 | €2,695 | €4,290 | €5,404 | €5,048 | €4,543 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €3,139 | -€46,196 | €2,205 | €17,009 | -€1,092 | €2,012 | €189,209 | -€4,142 | - |
| Income taxes67/77 | €2,610 | - | €317 | - | - | €1,910 | €61,004 | -€3,529 | - |
| Profit (loss) for the period9904 | €529 | -€46,196 | €1,888 | €17,009 | -€1,092 | €102 | €128,205 | -€613 | - |
| Profit (loss) for the period to be appropriated9905 | €529 | -€46,196 | €1,888 | €17,009 | -€1,092 | €102 | €128,205 | -€613 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €118,147 | €112,461 | €159,566 | €487,019 | €474,691 | €487,701 | €511,032 | €461,629 | ▼ 9.7% |
| Fixed assets21/28 | €1,461 | €520 | - | €369,594 | €368,767 | €400,590 | €386,223 | €371,888 | ▼ 3.7% |
| Tangible fixed assets22/27 | €1,461 | €520 | - | €4,529 | €3,702 | €35,525 | €24,158 | €22,123 | ▼ 8.4% |
| Plant, machinery and equipment23 | - | - | - | €3,190 | €2,025 | €859 | - | €8,472 | - |
| Furniture and vehicles24 | - | - | - | €1,339 | €1,677 | €34,666 | €24,158 | €13,651 | ▼ 43.5% |
| Financial fixed assets28 | - | - | - | €365,065 | €365,065 | €365,065 | €362,065 | €349,765 | ▼ 3.4% |
| Current assets29/58 | €116,685 | €111,941 | €159,566 | €117,424 | €105,924 | €87,111 | €124,808 | €89,742 | ▼ 28.1% |
| Amounts receivable within one year40/41 | €97,388 | €94,349 | €108,888 | €85,166 | €82,607 | €63,083 | €81,599 | €82,303 | ▲ 0.9% |
| Trade receivables40 | - | - | - | €85,166 | €73,607 | €37,083 | €32,312 | €72,303 | ▲ 124% |
| Other amounts receivable41 | - | - | - | - | €9,000 | €26,000 | €49,287 | €10,000 | ▼ 79.7% |
| Cash at bank and in hand54/58 | €6,378 | €12,521 | €36,640 | €24,065 | €20,115 | €23,998 | €43,180 | €6,827 | ▼ 84.2% |
| Deferred charges and accrued income490/1 | - | - | - | €8,193 | €3,202 | €29 | €29 | €612 | ▲ 21× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €118,147 | €112,461 | €159,566 | €487,019 | €474,691 | €487,701 | €511,032 | €461,629 | ▼ 9.7% |
| Equity10/15 | €7,203 | -€38,993 | -€37,105 | -€20,097 | -€21,189 | -€21,086 | €107,118 | €106,505 | ▼ 0.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €0 | ▼ 100% |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €0 | ▼ 100% |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €0 | ▼ 100% |
| Contributions outside capital11 | - | - | - | - | - | - | - | €6,200 | - |
| Other1109/19 | - | - | - | - | - | - | - | €6,200 | - |
| Reserves13 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €100,500 | €100,500 | = |
| Non-distributable reserves130/1 | - | - | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Legal reserve130 | - | - | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | €99,500 | €99,500 | = |
| Profit (loss) carried forward14 | €3 | -€46,193 | -€44,305 | -€27,297 | -€28,389 | -€28,286 | €418 | -€195 | - |
| Amounts payable17/49 | €110,944 | €151,454 | €196,671 | €507,115 | €495,879 | €508,787 | €403,913 | €355,124 | ▼ 12.1% |
| Amounts payable after more than one year17 | €878 | - | - | €294,638 | €274,480 | €278,613 | €251,108 | €222,997 | ▼ 11.2% |
| Financial debts170/4 | - | - | - | €294,638 | €274,480 | €278,613 | €251,108 | €222,997 | ▼ 11.2% |
| Amounts payable within one year42/48 | €104,065 | €145,454 | €196,671 | €212,477 | €221,399 | €230,174 | €152,806 | €132,127 | ▼ 13.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,886 | €20,158 | €26,919 | €27,506 | €28,110 | ▲ 2.2% |
| Financial debts43 | - | - | - | - | - | - | - | €5,867 | - |
| Other loans439 | - | - | - | - | - | - | - | €5,867 | - |
| Trade debts44 | €6,567 | €12,043 | €6,659 | €9,489 | €14,629 | €8,295 | €9,533 | €13,482 | ▲ 41.4% |
| Suppliers440/4 | - | - | - | €9,489 | €14,629 | €8,295 | €9,533 | €13,182 | ▲ 38.3% |
| Bills of exchange payable441 | - | - | - | - | - | - | - | €300 | - |
| Taxes, remuneration and social security45 | - | - | - | €15,895 | €8,278 | €17,907 | €77,805 | €38,373 | ▼ 50.7% |
| Taxes450/3 | - | - | - | €15,895 | €8,278 | €17,907 | €77,805 | €38,373 | ▼ 50.7% |
| Other amounts payable47/48 | - | - | - | €167,207 | €178,334 | €177,052 | €37,961 | €46,294 | ▲ 22.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €529 | -€46,196 | €1,888 | €17,009 | -€1,092 | €102 | €128,205 | -€613 | - |
| + Depreciation and write-downs630 | €8,613 | €941 | €520 | €575 | €1,644 | €8,268 | €11,367 | €11,261 | ▼ 0.9% |
| Operating cash flow (approximation) | €9,142 | -€45,255 | €2,408 | €17,584 | €551 | €8,370 | €139,571 | €10,647 | ▼ 92.4% |
| Investment in fixed assets (approximation) | - | €0 | - | - | -€816 | -€40,091 | €3,000 | €3,075 | ▲ 2.5% |
| Change in cash | - | €6,143 | €24,119 | -€12,575 | -€3,950 | €3,884 | €19,181 | -€36,353 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00147029 |
| 31-12-2024 | abbreviated format | 28-05-2026 | 2026-00124064 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00326024 |
| 31-12-2023 | micro format | 11-07-2024 | 2024-00235500 |
| 31-12-2022 | micro format | 12-07-2023 | 2023-00229488 |
| 31-12-2021 | micro format | 14-06-2022 | 2022-20061554 |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36800063 |
| 31-12-2019 | micro format | 24-07-2020 | 2020-34200429 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53000470 |
| 31-12-2017 | micro format | 03-07-2018 | 2018-27400185 |
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Of the 16,999 active companies whose main activity is computer programming (NACE 62100), figures are known for 9,006. 7,077 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.