GDPRWISE
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 32 days after the deadline Filed on 1 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00481378.
Annual accounts 2025 filed on 01-09-2026 at the NBB all 5 filings
Amounts without an identifiable currency are taken as euros.
Equity
-€367,462▼ 46.8%
2024 · -€250,323
Total assets
€345,166▼ 5.2%
2024 · €364,206
Net result
-€117,140▲ 25.5%
2024 · -€157,186
Working capital
-€57,765▲ 90.2%
2024 · -€587,956
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€113,035
▲ 27.9%
2025
20212025
Net result
-€117,140
▲ 25.5%
2025
lowest quarter of the sector
20212025
Equity
-€367,462
▼ 46.8%
2025
lowest quarter of the sector
20212025
Total assets
€345,166
▼ 5.2%
2025
highest quarter of the sector
20212025
Debt
€712,628
▲ 16.0%
2025
20212025
Working capital
-€57,765
▲ 90.2%
2025
lowest quarter of the sector
20212025
Solvency
-106.5%
▼ 37.7pp
2025
lowest quarter of the sector
20212025
Current ratio
0.21
▲ 0.17
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
-33.9%
▲ 9.2pp
2025
lowest quarter of the sector
20212025
Staff (FTE)
0.9
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result-€21,888--€34,755▼ 58.8%-€35,801▼ 3.0%-€156,767▼ 338%-€113,035▲ 27.9%
Net result-€21,961below the sector's middle half--€34,895below the sector's middle half▼ 58.9%-€37,781below the sector's middle half▼ 8.3%-€157,186below the sector's middle half▼ 316%-€117,140below the sector's middle half▲ 25.5%
Equity-€20,461below the sector's middle half--€55,356below the sector's middle half▼ 171%-€93,136below the sector's middle half▼ 68.3%-€250,323below the sector's middle half▼ 169%-€367,462below the sector's middle half▼ 46.8%
Total assets€376,996within the sector's middle half-€355,871within the sector's middle half▼ 5.6%€359,823within the sector's middle half▲ 1.1%€364,206within the sector's middle half▲ 1.2%€345,166above the sector's middle half▼ 5.2%
Debt€397,457-€411,227▲ 3.5%€452,960▲ 10.1%€614,529▲ 35.7%€712,628▲ 16.0%
Working capital-€379,415below the sector's middle half--€394,694below the sector's middle half▼ 4.0%-€452,042below the sector's middle half▼ 14.5%-€587,956below the sector's middle half▼ 30.1%-€57,765below the sector's middle half▲ 90.2%
Solvency-5.4%below the sector's middle half--15.6%below the sector's middle half▼ 10.1pp-25.9%below the sector's middle half▼ 10.3pp-68.7%below the sector's middle half▼ 42.8pp-106.5%below the sector's middle half▼ 37.7pp
Current ratio0.05below the sector's middle half-0.04below the sector's middle half▼ 0.010.00below the sector's middle half▼ 0.040.04below the sector's middle half▲ 0.040.21below the sector's middle half▲ 0.17
Return on assets (ROA)-5.8%below the sector's middle half--9.8%below the sector's middle half▼ 4.0pp-10.5%below the sector's middle half▼ 0.7pp-43.2%below the sector's middle half▼ 32.7pp-33.9%below the sector's middle half▲ 9.2pp
Staff (FTE)0.9
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 loss of €113,035, smaller than the loss of €156,767 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €344,948
Fixed assets
€329,725 ▼ 2.2%
Current assets
€15,223 ▼ 42.7%
Equity and liabilities
Equity-€367,462
Debt€712,628
Equity is negative. Debt (€712,628) exceeds the balance-sheet total (€345,166).
Key figures and ratios
EBITDA
-€66,557▲
2024 · -€112,274
Cash flow
-€70,662▲
2024 · -€112,694
Interest coverage
-15.98▲
2024 · -256.77
Debt ≤ 1 year
€72,987▼
2024 · €614,529
Debt > 1 year
€639,641
Staff costs
€55,295
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.9 |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
| Training hours | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Intangible fixed assets | €359,052 | €87,528 | €59,796 | €23,220 | €38,788 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €98 | €33,251 | €40,229 | €44,493 | €46,478 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €1,778 awarded · €1,778 paidAnnual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €21 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €55,295 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98 | €33,251 | €40,229 | €44,493 | €46,478 | ▲ 4.5% |
| Other operating charges640/8 | €348 | €348 | €1,918 | €492 | €541 | ▲ 9.9% |
| Gross operating margin9900 | -€21,442 | -€1,156 | €6,345 | -€111,782 | -€10,721 | ▲ 90.4% |
| Operating profit (loss)9901 | -€21,888 | -€34,755 | -€35,801 | -€156,767 | -€113,035 | ▲ 27.9% |
| Financial income75/76B | €0 | - | €0 | €18 | €59 | ▲ 228% |
| Recurring financial income75 | €0 | - | €0 | €18 | €59 | ▲ 228% |
| Financial charges65/66B | €73 | €140 | €1,979 | €437 | €4,164 | ▲ 852% |
| Recurring financial charges65 | €73 | €140 | €1,979 | €437 | €4,164 | ▲ 852% |
| Profit (loss) for the period before taxes9903 | -€21,961 | -€34,895 | -€37,781 | -€157,186 | -€117,140 | ▲ 25.5% |
| Profit (loss) for the period9904 | -€21,961 | -€34,895 | -€37,781 | -€157,186 | -€117,140 | ▲ 25.5% |
| Profit (loss) for the period to be appropriated9905 | -€21,961 | -€34,895 | -€37,781 | -€157,186 | -€117,140 | ▲ 25.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €376,996 | €355,871 | €359,823 | €364,206 | €345,166 | ▼ 5.2% |
| Formation expenses20 | - | €870 | €652 | €435 | €217 | ▼ 50.0% |
| Fixed assets21/28 | €358,954 | €338,468 | €358,253 | €337,198 | €329,725 | ▼ 2.2% |
| Intangible fixed assets21 | €358,954 | €338,468 | €358,253 | €337,198 | €329,725 | ▼ 2.2% |
| Current assets29/58 | €18,042 | €16,533 | €918 | €26,573 | €15,223 | ▼ 42.7% |
| Amounts receivable within one year40/41 | €18,020 | €16,269 | €328 | €24,323 | €14,475 | ▼ 40.5% |
| Trade receivables40 | €590 | €1,600 | €295 | - | €14,475 | - |
| Other amounts receivable41 | €17,430 | €14,669 | €33 | €24,323 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €22 | €264 | €590 | €2,251 | €51 | ▼ 97.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €697 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €376,996 | €355,871 | €359,823 | €364,206 | €345,166 | ▼ 5.2% |
| Equity10/15 | -€20,461 | -€55,356 | -€93,136 | -€250,323 | -€367,462 | ▼ 46.8% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | -€21,961 | -€56,856 | -€94,636 | -€251,823 | -€368,962 | ▼ 46.5% |
| Amounts payable17/49 | €397,457 | €411,227 | €452,960 | €614,529 | €712,628 | ▲ 16.0% |
| Amounts payable after more than one year17 | - | - | - | - | €639,641 | - |
| Financial debts170/4 | - | - | - | - | €639,641 | - |
| Amounts payable within one year42/48 | €397,457 | €411,227 | €452,960 | €614,529 | €72,987 | ▼ 88.1% |
| Trade debts44 | €95,730 | €10,992 | €8,613 | €57,140 | €64,039 | ▲ 12.1% |
| Suppliers440/4 | €95,730 | €10,992 | €8,613 | €57,140 | €64,039 | ▲ 12.1% |
| Advances received on contracts in progress46 | - | €357 | €357 | - | - | - |
| Taxes, remuneration and social security45 | - | €15,750 | €62 | - | €8,949 | - |
| Taxes450/3 | - | €15,750 | €62 | - | €2,647 | - |
| Remuneration and social security454/9 | - | - | - | - | €6,301 | - |
| Other amounts payable47/48 | €301,728 | €384,128 | €443,928 | €557,389 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,961 | -€34,895 | -€37,781 | -€157,186 | -€117,140 | ▲ 25.5% |
| + Depreciation and write-downs630 | €98 | €33,251 | €40,229 | €44,493 | €46,478 | ▲ 4.5% |
| Operating cash flow (approximation) | -€21,862 | -€1,644 | €2,448 | -€112,694 | -€70,662 | ▲ 37.3% |
| Investment in fixed assets (approximation) | - | -€12,766 | -€60,013 | -€23,437 | -€39,005 | ▼ 66.4% |
| Change in cash | - | €241 | €326 | €1,661 | -€2,200 | - |
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, 6,008 companies had the same profile as GDPRWISE has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
83.0%
was still going
8.4%
stopped otherwise
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GDPRWISE itself: 3.0% 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 6,008 companies, not a prediction for GDPRWISE. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-09-2026 | 2026-00481378 | |
| 31-12-2024 | abbreviated format | 14-07-2025 | 2025-00263603 | |
| 31-12-2023 | abbreviated format | 15-07-2024 | 2024-00243045 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00284375 | |
| 31-12-2021 | abbreviated format | 26-07-2022 | 2022-20221691 |