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HUSCOM

Active
Private limited companyfounded 2001active for 25 yearsEeuwfeestlaan 46, 9840 Nazareth-De Pinte, BelgiumKBO/BCE: BE 0475.614.754

Financials · financial year 2025, micro format

2025 annual accounts filed 60 days after the deadline Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529040.

Annual accounts 2025 filed on 29-09-2026 at the NBB all 23 filings

Turnover
≈ €140,000
Estimated: probably between €110,000 and €180,000
Total assets
€209,147▼ 37.2%
2024 · €333,270
Net result
€21,531▼ 94.4%
2024 · €387,562
Working capital
€110,928▲ 25.6%
2024 · €88,310
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is 94% lower than in 2024.

Operating result€29,408 2025 Net result€21,531 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€11,437--€12,447▼ 8.8%-€9,379▲ 24.6%-€8,954▲ 4.5%€2,525€461,229▲ 183×€29,408▼ 93.6%
Net result-€11,437--€12,447below the sector's middle half▼ 8.8%-€9,379below the sector's middle half▲ 24.6%-€8,954below the sector's middle half▲ 4.5%€2,525below the sector's middle half€387,562above the sector's middle half▲ 153×€21,531within the sector's middle half▼ 94.4%
Equity-€131,333--€143,780below the sector's middle half▼ 9.5%-€153,159below the sector's middle half▼ 6.5%-€162,113below the sector's middle half▼ 5.8%-€159,588below the sector's middle half▲ 1.6%€109,374within the sector's middle half€130,905within the sector's middle half▲ 19.7%
Total assets€186,006-€177,923within the sector's middle half▼ 4.3%€168,855within the sector's middle half▼ 5.1%€160,701within the sector's middle half▼ 4.8%€168,942within the sector's middle half▲ 5.1%€333,270above the sector's middle half▲ 97.3%€209,147within the sector's middle half▼ 37.2%
Debt€317,339-€321,703▲ 1.4%€322,014▲ 0.1%€322,814▲ 0.2%€328,530▲ 1.8%€223,896▼ 31.8%€78,242▼ 65.1%
Working capital-€27,592--€31,384below the sector's middle half▼ 13.7%-€32,317below the sector's middle half▼ 3.0%-€32,825below the sector's middle half▼ 1.6%-€21,853below the sector's middle half▲ 33.4%€88,310within the sector's middle half€110,928within the sector's middle half▲ 25.6%
Solvency-70.6%--80.8%below the sector's middle half▼ 10.2pp-90.7%below the sector's middle half▼ 9.9pp-100.9%below the sector's middle half▼ 10.2pp-94.5%below the sector's middle half▲ 6.4pp32.8%below the sector's middle half▲ 127.3pp62.6%within the sector's middle half▲ 29.8pp
Current ratio0.03-0.04below the sector's middle half▲ 0.010.02below the sector's middle half▼ 0.020.03below the sector's middle half▲ 0.010.45below the sector's middle half▲ 0.421.43within the sector's middle half▲ 0.982.57within the sector's middle half▲ 1.14
Return on assets (ROA)-6.1%--7.0%below the sector's middle half▼ 0.8pp-5.6%below the sector's middle half▲ 1.4pp-5.6%below the sector's middle half=1.5%below the sector's middle half▲ 7.1pp116.3%above the sector's middle half▲ 114.8pp10.3%within the sector's middle half▼ 106.0pp
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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Large changes and their cause
  • 2025 Net result -94% on 2024. The previous financial year ran 21 months, this one 12.
  • 2024 Net result +15,249% on 2023. This financial year ran 21 months, the previous one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209,147
Fixed assets €27,500 ▼ 26.2%
Current assets €181,647 ▼ 38.6%
Equity and liabilities €209,147
Equity €130,905 ▲ 19.7%
Debt €78,242 ▼ 65.1%
Debt's share of the balance-sheet total falls from 67.2% to 37.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€39,182▼
2024 · €472,823
Cash flow
€31,305▼
2024 · €399,156
Debt to equity
0.60▼
2024 · 2.05
ROE
16.4%▼
2024 · 354.3%
Interest coverage
19.38▼
2024 · over 100
Debt ≤ 1 year
€70,719▼
2024 · €207,686
Debt > 1 year
€7,523▼
2024 · €16,210
Income taxes
€10,421▼
2024 · €71,687
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item31-03-202231-03-202320242025
Tangible fixed assets--€48,868€0
Depreciation and write-downs of the year€8,446€8,447€11,594€9,774

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as HUSCOM: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €180,000 and €215,000, founded between 2000 and 2003.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
HUSCOM Nazareth-De Pinte2001€209,147€130,905€40,171€21,5312025
ADSON Wichelen2001€180,181€104,674€40,090€16,4152025
VISIONLINE Londerzeel2000€212,160€185,865€40,048€10,7102025
DELTAWARE Gembloux2001€214,613€163,108€42,915€30,5962025
COSCOM Ukkel2000€194,501€135,364€41,072€17,9332025
SOLID I.T. SOLUTIONS Mechelen2001€189,467€140,436€38,216€21,6782025
NAESSENS DOT NET Steenokkerzeel2003€204,619€64,195€42,350€3,7062025

They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 31,368 companies had the same profile as HUSCOM has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of HUSCOM itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for HUSCOM. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines

Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€333,270€209,147▼
Fixed assets21/28€37,274€27,500▼
Tangible fixed assets22/27€37,274€27,500▼
Furniture and vehicles24€37,274€27,500▼
Current assets29/58€295,996€181,647▼
Amounts receivable within one year40/41€14,293€15,448▲
Trade receivables40€14,293€13,946▼
Other amounts receivable41-€1,502
Current investments50/53€261,431€144,475▼
Cash at bank and in hand54/58€20,272€21,724▲
Equity and liabilities
Total equity and liabilities10/49€333,270€209,147▼
Equity10/15€109,374€130,905▲
Contributions10/11€0-
Reserves13€109,374€130,905▲
Distributable reserves133€109,374€130,905▲
Amounts payable17/49€223,896€78,242▼
Amounts payable after more than one year17€16,210€7,523▼
Financial debts170/4€16,210€7,523▼
Amounts payable within one year42/48€207,686€70,719▼
Current portion of amounts payable after more than one year42€8,330€8,687▲
Trade debts44€1,150€658▼
Suppliers440/4€1,150€658▼
Taxes, remuneration and social security45€31,123€30,464▼
Taxes450/3€31,123€30,464▼
Other amounts payable47/48€167,083€30,910▼
Income statement Code20242025
Non-recurring operating income76A€414,236-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,594€9,774▼
Other operating charges640/8€5,369€989▼
Gross operating margin9900€478,192€40,171▼
Operating profit (loss)9901€461,229€29,408▼
Financial income75/76B€187€4,566▲
Recurring financial income75€187€4,566▲
Financial charges65/66B€2,167€2,022▼
Recurring financial charges65€2,167€2,022▼
Profit (loss) for the period before taxes9903€459,249€31,952▼
Income taxes67/77€71,687€10,421▼
Profit (loss) for the period9904€387,562€21,531▼
Profit (loss) for the period to be appropriated9905€387,562€21,531▼
Appropriation of the result
Profit (loss) to be appropriated9906€109,374€21,531▼
Profit (loss) brought forward from the previous period14P-€278,188-
Transfer to equity691/2€109,374€21,531▼
To other reserves6921€109,374€21,531▼

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2019202020212022202320242025Change
Non-recurring operating income76A-----€414,236--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,655€8,655€8,446€8,446€8,447€11,594€9,774▼ 15.7%
Other operating charges640/8---€2,375€2,497€5,369€989▼ 81.6%
Gross operating margin9900-€520-€1,495€1,422€1,867€13,469€478,192€40,171▼ 91.6%
Operating profit (loss)9901-€11,437-€12,447-€9,379-€8,954€2,525€461,229€29,408▼ 93.6%
Financial income75/76B-----€187€4,566▲ 24×
Recurring financial income75-----€187€4,566▲ 24×
Financial charges65/66B-----€2,167€2,022▼ 6.7%
Recurring financial charges65-----€2,167€2,022▼ 6.7%
Profit (loss) for the period before taxes9903-€11,437-€12,447-€9,379-€8,954€2,525€459,249€31,952▼ 93.0%
Income taxes67/77-----€71,687€10,421▼ 85.5%
Profit (loss) for the period9904-€11,437-€12,447-€9,379-€8,954€2,525€387,562€21,531▼ 94.4%
Profit (loss) for the period to be appropriated9905-€11,437-€12,447-€9,379-€8,954€2,525€387,562€21,531▼ 94.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€186,006€177,923€168,855€160,701€168,942€333,270€209,147▼ 37.2%
Fixed assets21/28€185,259€176,604€168,158€159,712€151,265€37,274€27,500▼ 26.2%
Tangible fixed assets22/27€185,259€176,604€168,158€159,712€151,265€37,274€27,500▼ 26.2%
Land and buildings22---€159,712€151,265---
Furniture and vehicles24-----€37,274€27,500▼ 26.2%
Current assets29/58€747€1,319€697€989€17,677€295,996€181,647▼ 38.6%
Amounts receivable within one year40/41----€17,243€14,293€15,448▲ 8.1%
Trade receivables40----€17,243€14,293€13,946▼ 2.4%
Other amounts receivable41------€1,502-
Current investments50/53-----€261,431€144,475▼ 44.7%
Cash at bank and in hand54/58€747€1,319€697€989€434€20,272€21,724▲ 7.2%
Equity and liabilities
Total equity and liabilities10/49€186,006€177,923€168,855€160,701€168,942€333,270€209,147▼ 37.2%
Equity10/15-€131,333-€143,780-€153,159-€162,113-€159,588€109,374€130,905▲ 19.7%
Contributions10/11€118,600€118,600-€118,600€118,600€0--
Reserves13-----€109,374€130,905▲ 19.7%
Distributable reserves133-----€109,374€130,905▲ 19.7%
Profit (loss) carried forward14-€249,933-€262,380-€271,759-€280,713-€278,188---
Amounts payable17/49€317,339€321,703€322,014€322,814€328,530€223,896€78,242▼ 65.1%
Amounts payable after more than one year17€289,000€289,000€289,000€289,000€289,000€16,210€7,523▼ 53.6%
Financial debts170/4---€289,000€289,000€16,210€7,523▼ 53.6%
Amounts payable within one year42/48€28,339€32,703€33,014€33,814€39,530€207,686€70,719▼ 65.9%
Current portion of amounts payable after more than one year42-----€8,330€8,687▲ 4.3%
Trade debts44€615€1,090--€129€1,150€658▼ 42.8%
Suppliers440/4----€129€1,150€658▼ 42.8%
Taxes, remuneration and social security45----€2,573€31,123€30,464▼ 2.1%
Taxes450/3----€2,573€31,123€30,464▼ 2.1%
Other amounts payable47/48---€33,814€36,828€167,083€30,910▼ 81.5%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€11,437-€12,447-€9,379-€8,954€2,525€387,562€21,531▼ 94.4%
+ Depreciation and write-downs630€8,655€8,655€8,446€8,446€8,447€11,594€9,774▼ 15.7%
Operating cash flow (approximation)-€2,782-€3,792-€933-€508€10,972€399,156€31,305▼ 92.2%
Investment in fixed assets (approximation)-€0€0€0€0€102,397€0▼ 100%
Change in cash-€572-€622€292-€555€19,838€1,452▼ 92.7%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 23 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-09-2026 2026-00529040 NBB
31-12-2024 micro format 30-08-2025 2025-00448289 PDF
31-03-2023 micro format 29-11-2023 2023-00519722 PDF
31-03-2022 micro format 02-11-2022 2022-20515898 PDF
31-03-2021 micro format 14-10-2021 2021-72000570 PDF
31-03-2020 micro format 16-11-2020 2020-70700475 PDF
31-03-2019 micro format 29-11-2019 2019-75200273 PDF
31-03-2018 micro format 31-10-2018 2018-71500220 PDF
31-03-2017 micro format 29-10-2017 2017-68900414 PDF
31-03-2016 abbreviated format 30-10-2016 2016-67200206 PDF

Show all 23 filings

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