INFORMATION TECHNOLOGIES
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 30 filings
Turnover
≈ €310,000
Estimated: probably between €150,000 and €790,000
Total assets
€374,849▼ 3.5%
2024 · €388,339
Net result
-€4,653
2024 · €23,166
Working capital
€22,028▼ 39.1%
2024 · €36,178
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€1,903
▼ 95.4%
2025
20182025
Net result
-€4,653
2025
lowest quarter of the sector
20182025
Equity
€214,760
▼ 2.1%
2025
highest quarter of the sector
20182025
Total assets
€374,849
▼ 3.5%
2025
middle half of the sector
20182025
Debt
€160,089
▼ 5.2%
2025
20182025
Working capital
€22,028
▼ 39.1%
2025
middle half of the sector
20182025
Solvency
57.3%
▲ 0.8pp
2025
middle half of the sector
20182025
Current ratio
1.28
▼ 0.23
2025
middle half of the sector
20182025
Return on assets (ROA)
-1.2%
▼ 7.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€15,328-€21,448▲ 39.9%€20,992▼ 2.1%€62,906▲ 200%€34,104▼ 45.8%€60,109▲ 76.3%€41,065▼ 31.7%€1,903▼ 95.4%
Net result€68-€6,601▲ 97×€6,834within the sector's middle half▲ 3.5%€35,063above the sector's middle half▲ 413%€14,865within the sector's middle half▼ 57.6%€36,720above the sector's middle half▲ 147%€23,166within the sector's middle half▼ 36.9%-€4,653below the sector's middle half
Equity€111,163-€117,764▲ 5.9%€124,598within the sector's middle half▲ 5.8%€159,661above the sector's middle half▲ 28.1%€174,526above the sector's middle half▲ 9.3%€196,246above the sector's middle half▲ 12.4%€219,412above the sector's middle half▲ 11.8%€214,760above the sector's middle half▼ 2.1%
Total assets€359,122-€348,449▼ 3.0%€342,015within the sector's middle half▼ 1.8%€375,879within the sector's middle half▲ 9.9%€366,259within the sector's middle half▼ 2.6%€401,437within the sector's middle half▲ 9.6%€388,339within the sector's middle half▼ 3.3%€374,849within the sector's middle half▼ 3.5%
Debt€247,959-€230,685▼ 7.0%€217,417▼ 5.8%€216,218▼ 0.6%€191,733▼ 11.3%€205,191▲ 7.0%€168,927▼ 17.7%€160,089▼ 5.2%
Working capital-€70,723--€62,568▲ 11.5%-€47,227below the sector's middle half▲ 24.5%-€21,850below the sector's middle half▲ 53.7%-€6,791within the sector's middle half▲ 68.9%€13,966within the sector's middle half€36,178within the sector's middle half▲ 159%€22,028within the sector's middle half▼ 39.1%
Solvency31.0%-33.8%▲ 2.8pp36.4%within the sector's middle half▲ 2.6pp42.5%within the sector's middle half▲ 6.0pp47.7%within the sector's middle half▲ 5.2pp48.9%within the sector's middle half▲ 1.2pp56.5%within the sector's middle half▲ 7.6pp57.3%within the sector's middle half▲ 0.8pp
Current ratio0.23-0.27▲ 0.040.37below the sector's middle half▲ 0.100.66below the sector's middle half▲ 0.290.88below the sector's middle half▲ 0.221.16within the sector's middle half▲ 0.281.51within the sector's middle half▲ 0.351.28within the sector's middle half▼ 0.23
Return on assets (ROA)0.0%-1.9%▲ 1.9pp2.0%within the sector's middle half▲ 0.1pp9.3%within the sector's middle half▲ 7.3pp4.1%within the sector's middle half▼ 5.3pp9.1%within the sector's middle half▲ 5.1pp6.0%within the sector's middle half▼ 3.2pp-1.2%within the sector's middle half▼ 7.2pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 95% lower than in 2024 and the lowest since 2018. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €374,849
Fixed assets
€273,840 ▼ 2.7%
Current assets
€101,009 ▼ 5.6%
Equity and liabilities €374,849
Equity
€214,760 ▼ 2.1%
Debt
€160,089 ▼ 5.2%
Debt's share of the balance-sheet total falls from 43.5% to 42.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,464▼
2024 · €58,917
Cash flow
€13,908▼
2024 · €41,019
Debt to equity
0.75▼
2024 · 0.77
ROE
-2.2%▼
2024 · 10.6%
Interest coverage
2.82▼
2024 · 11.07
Debt ≤ 1 year
€78,981▲
2024 · €70,804
Debt > 1 year
€81,108▼
2024 · €98,122
Income taxes
€1,638▼
2024 · €14,268
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €330,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €302,856 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,998 | - | €1,610 | - | €11,044 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €12,271 | €17,316 | €17,783 | €17,852 | €18,561 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,240 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,870 | €12,869 | €11,420 | €12,271 | €17,316 | €17,783 | €17,852 | €18,561 | ▲ 4.0% |
| Other operating charges640/8 | - | - | - | €6,588 | €3,805 | €3,481 | €6,572 | €4,499 | ▼ 31.5% |
| Gross operating margin9900 | €31,593 | €37,982 | €33,682 | €81,765 | €55,225 | €81,373 | €65,489 | €24,963 | ▼ 61.9% |
| Operating profit (loss)9901 | €15,328 | €21,448 | €20,992 | €62,906 | €34,104 | €60,109 | €41,065 | €1,903 | ▼ 95.4% |
| Financial income75/76B | - | - | - | €774 | €1,297 | €1,150 | €1,693 | €2,348 | ▲ 38.7% |
| Recurring financial income75 | €6 | €482 | €573 | €774 | €1,297 | €1,150 | €1,693 | €2,348 | ▲ 38.7% |
| Financial charges65/66B | - | - | - | €9,672 | €5,991 | €5,663 | €5,324 | €7,267 | ▲ 36.5% |
| Recurring financial charges65 | €14,456 | €12,844 | €11,091 | €9,672 | €5,991 | €5,663 | €5,324 | €7,267 | ▲ 36.5% |
| Profit (loss) for the period before taxes9903 | €878 | €9,086 | €10,474 | €54,008 | €29,410 | €55,595 | €37,434 | -€3,015 | - |
| Income taxes67/77 | €810 | €2,485 | €3,640 | €18,945 | €14,545 | €18,875 | €14,268 | €1,638 | ▼ 88.5% |
| Profit (loss) for the period9904 | €68 | €6,601 | €6,834 | €35,063 | €14,865 | €36,720 | €23,166 | -€4,653 | - |
| Profit (loss) for the period to be appropriated9905 | €68 | €6,601 | €6,834 | €35,063 | €14,865 | €36,720 | €23,166 | -€4,653 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €359,122 | €348,449 | €342,015 | €375,879 | €366,259 | €401,437 | €388,339 | €374,849 | ▼ 3.5% |
| Fixed assets21/28 | €338,261 | €325,392 | €313,972 | €332,699 | €315,383 | €299,209 | €281,357 | €273,840 | ▼ 2.7% |
| Tangible fixed assets22/27 | €338,261 | €325,392 | €313,972 | €332,699 | €315,383 | €299,209 | €281,357 | €273,840 | ▼ 2.7% |
| Land and buildings22 | - | - | - | €302,856 | €291,740 | €280,624 | €269,507 | €258,391 | ▼ 4.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €10,335 | - |
| Furniture and vehicles24 | - | - | - | €29,843 | €23,643 | €18,586 | €11,850 | €5,114 | ▼ 56.8% |
| Current assets29/58 | €20,861 | €23,057 | €28,043 | €43,180 | €50,876 | €102,228 | €106,982 | €101,009 | ▼ 5.6% |
| Amounts receivable after more than one year29 | - | - | - | €20,000 | €20,000 | €71,000 | €71,000 | €71,000 | = |
| Other amounts receivable291 | - | - | - | €20,000 | €20,000 | €71,000 | €71,000 | €71,000 | = |
| Amounts receivable within one year40/41 | €68 | €1,705 | €7,582 | €21,997 | €30,050 | €30,363 | €34,582 | €29,634 | ▼ 14.3% |
| Trade receivables40 | - | - | - | €13,937 | €11,773 | €24,317 | €22,165 | €20,873 | ▼ 5.8% |
| Other amounts receivable41 | - | - | - | €8,060 | €18,277 | €6,046 | €12,417 | €8,762 | ▼ 29.4% |
| Cash at bank and in hand54/58 | - | - | - | - | - | - | €390 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €1,183 | €826 | €865 | €1,010 | €374 | ▼ 62.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €359,122 | €348,449 | €342,015 | €375,879 | €366,259 | €401,437 | €388,339 | €374,849 | ▼ 3.5% |
| Equity10/15 | €111,163 | €117,764 | €124,598 | €159,661 | €174,526 | €196,246 | €219,412 | €214,760 | ▼ 2.1% |
| Contributions10/11 | €62,000 | €62,000 | - | €62,000 | €62,000 | €53,000 | €53,000 | €53,000 | = |
| Reserves13 | €15,040 | €15,040 | €21,874 | €56,937 | €71,802 | €102,522 | €125,689 | €125,689 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €8,840 | €8,840 | €8,840 | €8,840 | €8,840 | = |
| Distributable reserves133 | - | - | - | €41,897 | €56,762 | €93,682 | €116,849 | €116,849 | = |
| Profit (loss) carried forward14 | €34,123 | €40,724 | €40,724 | €40,724 | €40,724 | €40,724 | €40,724 | €36,071 | ▼ 11.4% |
| Amounts payable17/49 | €247,959 | €230,685 | €217,417 | €216,218 | €191,733 | €205,191 | €168,927 | €160,089 | ▼ 5.2% |
| Amounts payable after more than one year17 | €155,941 | €144,665 | €141,785 | €149,556 | €132,772 | €115,635 | €98,122 | €81,108 | ▼ 17.3% |
| Financial debts170/4 | - | - | - | €149,556 | €132,772 | €115,635 | €98,122 | €81,108 | ▼ 17.3% |
| Amounts payable within one year42/48 | €91,584 | €85,625 | €75,270 | €65,030 | €57,667 | €88,263 | €70,804 | €78,981 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,432 | €16,785 | €17,137 | €17,512 | €17,014 | ▼ 2.8% |
| Financial debts43 | - | - | - | €23,970 | €3,514 | €23,726 | €13,357 | €38,026 | ▲ 185% |
| Credit institutions430/8 | - | - | - | €23,970 | €3,514 | €23,726 | €13,357 | €38,026 | ▲ 185% |
| Trade debts44 | €1,292 | €84 | €26 | €1,026 | €198 | €14,352 | €20,216 | €13,690 | ▼ 32.3% |
| Suppliers440/4 | - | - | - | €1,026 | €198 | €14,352 | €20,216 | €13,690 | ▼ 32.3% |
| Taxes, remuneration and social security45 | - | - | - | €23,602 | €37,170 | €27,047 | €19,719 | €7,910 | ▼ 59.9% |
| Taxes450/3 | - | - | - | €23,602 | €37,170 | €27,047 | €19,719 | €7,570 | ▼ 61.6% |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €340 | - |
| Other amounts payable47/48 | - | - | - | - | - | €6,000 | €0 | €2,341 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,632 | €1,294 | €1,294 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68 | €6,601 | €6,834 | €35,063 | €14,865 | €36,720 | €23,166 | -€4,653 | - |
| + Depreciation and write-downs630 | €12,870 | €12,869 | €11,420 | €12,271 | €17,316 | €17,783 | €17,852 | €18,561 | ▲ 4.0% |
| Operating cash flow (approximation) | €12,938 | €19,470 | €18,254 | €47,334 | €32,181 | €54,504 | €41,019 | €13,908 | ▼ 66.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€30,998 | €1 | -€1,610 | €0 | -€11,044 | - |
| Change in cash | - | - | - | - | - | - | - | -€390 | - |
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, 12,322 companies had the same profile as INFORMATION TECHNOLOGIES has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INFORMATION TECHNOLOGIES itself: 0.4% 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 12,322 companies, not a prediction for INFORMATION TECHNOLOGIES. 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.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00353545 | |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00314258 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00312296 | |
| 31-12-2022 | micro format | 23-09-2023 | 2023-00452778 | |
| 31-12-2021 | micro format | 28-10-2022 | 2022-20481530 | |
| 31-12-2020 | micro format | 30-11-2021 | 2021-78800115 | |
| 31-12-2019 | micro format | 17-12-2020 | 2020-75900331 | |
| 31-12-2018 | micro format | 26-09-2019 | 2019-66000093 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60800216 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57000011 |