Result
-€151,824 ▲ 91.5%
The result rose in 2025 from -€1.8m to -€151,824.
HYBRID Software Development
Heads the group
11 companies in 8 countries
Lifetime
18 annual accounts with figures on one time axis, 19 filings since 2007peak €1.7m (2019)
-not published
lowest -€1.8m (2024)
-€151,824▲ €1.6m
peak €12.4m (2023)
€10.4m▼ 1.4%
€9.7m▼ 11.5%
peak 32.9 FTE (2025)
32.9 FTE▲ 8.9%
Board9 names since 2015
3 directors and 2 others
Owners4 names in the annual accounts
100% and 1 other
Documentsfilings and deeds
17-07-202614 days before the deadline
2025financial year
Turnover from €10.8m to €13.5mLoss of €151,824Staff from 30.2 FTE to 32.9 FTECash from €211,783 to €334,723
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,685 companies had the same profile as HYBRID Software Development has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,685 companies, not a prediction for HYBRID Software Development. 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.
Credit verdict
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Signals
Board and ownership
Chair,
Managing director,
Director,
Auditor,
- 100%annual accounts 2025
- consolidatesannual accounts 2025
Shares in 9 companies, including and .
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0889922639
2 directors reappointed
(managing director) and (managing director) · Permanent representatives: and · General meeting of 17-05-2023 · Gazette deed
1 statutory auditor appointed
(statutory auditor) · Permanent representatives: , and · General meeting of 31-10-2022 · Gazette deed
1 director appointed
Permanent representatives: and · · General meeting of 25-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HYBRID Software Development Merelbeke-Melle | €13.5m | -3.7% | 51.8% | 32.9 |
| Ucamco Ghent | €11.5m | 9.7% | 44.0% | 32.4 |
| MUTOH EUROPE Ostend | €16.9m | -9.6% | 80.1% | 27.1 |
| EKINOPS BELGIUM Leuven | €27.8m | 3.2% | 24.1% | 94.7 |
| SUMMA Gistel | €38.4m | 10.8% | 76.6% | 107.8 |
| OPTION Leuven | €3.7m | -34.9% | 14.8% | 16 |
| LUCEDA Ghent | - | - | 17.6% | 25 |
Grey: the largest companies of the sector (computer and electronic products (NACE 26)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Development: manufacture of computer, electronic and optical products (NACE 26200). They are comparable in size and age: total assets between €3.3m and €64m, founded between 1986 and 2014.
Official details
Source: KBO- Status
- Active since 07-06-2007Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26200and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.163.800.1809820 Merelbeke-Melle, since 31-05-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Annual accounts 2025
- €20.2m▼ 6.6%
- Employeeson 31-12-2025
- 43▲ 34.4%
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Companies linked to HYBRID Software Development
Subsidiaries and holdings
- 100%
- 99.98%
Insights on HYBRID Software Development
Development has existed since 2007. In 2016 the gross margin rose from €25,631 to €210,313.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HYBRID Software Development
- What is the company number of HYBRID Software Development?
- The company number of Development is 0889.922.639. The VAT number is the same number with BE in front: BE 0889.922.639.
- Where is HYBRID Software Development based?
- The registered office is at Guldensporenpark 18, 9820 Merelbeke-Melle.Company details
- What does HYBRID Software Development do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26200).
- What is the legal form of HYBRID Software Development?
- Development is a public limited company (NV).
- When was HYBRID Software Development founded?
- Development was founded on 07-06-2007.
- Is HYBRID Software Development still active?
- Yes, Development is an active enterprise in the KBO register.
- How many employees does HYBRID Software Development have?
- Development had an average of 32.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HYBRID Software Development fall under?
- In its 2025 annual accounts, Development states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of HYBRID Software Development?
- The turnover of Development was €13.5m in financial year 2025, according to the filed annual accounts.
- Is HYBRID Software Development profitable?
- In financial year 2025, Development made a loss of €151,824.
- Where can I find the annual accounts of HYBRID Software Development?
- Development filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HYBRID Software Development due?
- Development must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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