InSolutions
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 10-07-2026 at the NBB all 25 filings
Turnover
≈ €2.3m
Estimated: probably between €1.6m and €3.7m
EBIT margin
Not included in this filing
Net result
€227,148▼ 63.6%
2024 · €623,454
Working capital
€16.2m▲ 779%
2024 · €1.8m
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€875,755
▲ 30.1%
2025
20192025
Net result
€227,148
▼ 63.6%
2025
middle half of the sector
20192025
Equity
-€364,549
2025
lowest quarter of the sector
20192025
Total assets
€16.4m
▲ 677%
2025
highest quarter of the sector
20192025
Debt
€155,129
▼ 20.1%
2025
20192025
Working capital
€16.2m
▲ 779%
2025
highest quarter of the sector
20192025
Solvency
-2.2%
▼ 43.7pp
2025
lowest quarter of the sector
20192025
Current ratio
no figure
2025
20192025
Return on assets (ROA)
1.4%
▼ 28.1pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€1.6m-€3.0m▲ 95.3%€0.2m▼ 93.3%€0.3m▲ 42.1%€0.3m▲ 16.1%€0.7m▲ 101%€0.9m▲ 30.1%
Net result€1.5m-€0.2mabove the sector's middle half▼ 84.1%€0.1mabove the sector's middle half▼ 45.4%€0.2mabove the sector's middle half▲ 32.3%€0.3mabove the sector's middle half▲ 45.7%€0.6mabove the sector's middle half▲ 148%€0.2mwithin the sector's middle half▼ 63.6%
Equity-€0.5m--€0.3mbelow the sector's middle half▲ 44.3%-€0.2mbelow the sector's middle half▲ 43.4%€0.002mbelow the sector's middle half€0.3mwithin the sector's middle half▲ 115×€0.9mabove the sector's middle half▲ 246%-€0.4mbelow the sector's middle half
Total assets€1.1m-€0.8mwithin the sector's middle half▼ 29.3%€0.9mwithin the sector's middle half▲ 20.0%€1.2mwithin the sector's middle half▲ 28.1%€1.4mwithin the sector's middle half▲ 22.2%€2.1mabove the sector's middle half▲ 47.9%€16.4mabove the sector's middle half▲ 677%
Debt€0.6m-€0.04m▼ 93.3%€0.06m▲ 56.3%€0.1m▲ 86.9%€0.1m▲ 9.7%€0.2m▲ 50.9%€0.2m▼ 20.1%
Working capital€0.9m-€0.6mabove the sector's middle half▼ 27.1%€0.8mabove the sector's middle half▲ 18.8%€1.0mabove the sector's middle half▲ 31.9%€1.2mabove the sector's middle half▲ 24.8%€1.8mabove the sector's middle half▲ 48.0%€16.2mabove the sector's middle half▲ 779%
Solvency-50.0%--39.5%below the sector's middle half▲ 10.6pp-18.6%below the sector's middle half▲ 20.8pp0.2%below the sector's middle half▲ 18.8pp17.7%within the sector's middle half▲ 17.5pp41.5%within the sector's middle half▲ 23.7pp-2.2%below the sector's middle half▼ 43.7pp
Current ratio8.10-16.84above the sector's middle half▲ 8.7513.04above the sector's middle half▼ 3.8114.61above the sector's middle half▲ 1.5715.57above the sector's middle half▲ 0.9713.27above the sector's middle half▼ 2.31
Return on assets (ROA)139.3%-31.3%above the sector's middle half▼ 107.9pp14.3%within the sector's middle half▼ 17.1pp14.7%within the sector's middle half▲ 0.5pp17.6%above the sector's middle half▲ 2.8pp29.5%above the sector's middle half▲ 11.9pp1.4%within the sector's middle half▼ 28.1pp
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 30% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Large changes and their cause
- 2025 Net result -64% on 2024. This financial year ran 18 months, the previous one 12. The accounts now follow the full format, last year the abbreviated format.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.4m
Fixed assets
€81,400 ▼ 33.9%
Current assets
€16.4m ▲ 721%
Equity and liabilities
Equity-€364,549
Debt€155,129
Equity is negative. Debt (€155,129) exceeds the balance-sheet total (€16.4m).
Key figures and ratios
Debt ≤ 1 year
€155,129▲
2024 · €150,164
A ratio outside any meaningful range has been withheld (balance sheet total €16.4m, equity -€364,549).
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.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 2025 |
|---|---|---|---|---|
| Financial fixed assets | €5,000 | - | €23,170 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 107% |
| Gross operating margin9900 | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | €0.7m | €0.9m | ▲ 30.2% |
| Operating profit (loss)9901 | €1.6m | €3.0m | €0.2m | €0.3m | €0.3m | €0.7m | €0.9m | ▲ 30.1% |
| Financial income75/76B | - | - | - | - | - | €0.03m | €0.6m | ▲ 18× |
| Recurring financial income75 | €0.06m | €0.01m | €0.007m | - | - | €0.03m | €0.6m | ▲ 18× |
| Financial charges65/66B | - | - | - | €0.1m | €0.08m | €0.08m | €1.3m | ▲ 15× |
| Recurring financial charges65 | €0.1m | €0.08m | €0.08m | €0.1m | €0.08m | €0.08m | €1.3m | ▲ 15× |
| Profit (loss) for the period before taxes9903 | €1.5m | €0.2m | €0.1m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 63.6% |
| Profit (loss) for the period9904 | €1.5m | €0.2m | €0.1m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 63.6% |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €0.2m | €0.1m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 63.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.1m | €0.8m | €0.9m | €1.2m | €1.4m | €2.1m | €16.4m | ▲ 677% |
| Fixed assets21/28 | €0.08m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 33.9% |
| Financial fixed assets28 | €0.08m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 33.9% |
| Current assets29/58 | €1.0m | €0.7m | €0.8m | €1.1m | €1.3m | €2.0m | €16.4m | ▲ 721% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €5.0m | - |
| Other amounts receivable291 | - | - | - | - | - | - | €5.0m | - |
| Amounts receivable within one year40/41 | €0.2m | €0.06m | €0.2m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 52.8% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 14.8% |
| Other amounts receivable41 | - | - | - | - | - | €0.01m | €0.08m | ▲ 649% |
| Current investments50/53 | - | €0.2m | €0.2m | €0.7m | €1.0m | €1.5m | €10.4m | ▲ 596% |
| Cash at bank and in hand54/58 | €0.4m | €0.07m | €0.5m | €0.3m | €0.2m | €0.3m | €0.7m | ▲ 104% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.1m | €0.8m | €0.9m | €1.2m | €1.4m | €2.1m | €16.4m | ▲ 677% |
| Equity10/15 | -€0.5m | -€0.3m | -€0.2m | €0.002m | €0.3m | €0.9m | -€0.4m | - |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €1.5m | €1.5m | €1.5m | €0.06m | ▼ 96.0% |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.06m | ▼ 85.0% |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.06m | ▼ 85.0% |
| Contributions outside capital11 | - | - | - | €1.1m | €1.1m | €1.1m | - | - |
| Share premium1100/10 | - | - | - | €1.1m | €1.1m | €1.1m | - | - |
| Reserves13 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.02m | ▼ 68.6% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | - | - |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€2.1m | -€1.9m | -€1.8m | -€1.6m | -€1.3m | -€0.7m | -€0.4m | ▲ 37.6% |
| Provisions and deferred taxes16 | €1.0m | €1.0m | €1.0m | €1.1m | €1.0m | €1.0m | €16.6m | ▲ 16× |
| Provisions for liabilities and charges160/5 | - | - | - | €1.1m | €1.0m | €1.0m | €16.6m | ▲ 16× |
| Other liabilities and charges164/5 | - | - | - | €1.1m | €1.0m | €1.0m | €16.6m | ▲ 16× |
| Amounts payable17/49 | €0.6m | €0.04m | €0.06m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 20.1% |
| Amounts payable after more than one year17 | €0.4m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.04m | €0.06m | €0.07m | €0.09m | €0.2m | €0.2m | ▲ 3.3% |
| Trade debts44 | €0.1m | €0.02m | €0.05m | €0.05m | €0.06m | €0.1m | €0.1m | ▲ 9.8% |
| Suppliers440/4 | - | - | - | €0.05m | €0.06m | €0.1m | €0.1m | ▲ 9.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.04m | €0.03m | ▼ 15.0% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.04m | €0.03m | ▼ 15.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.04m | €0.04m | €0.04m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €0.2m | €0.1m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 63.6% |
| Operating cash flow (approximation) | €1.5m | €0.2m | €0.1m | €0.2m | €0.3m | €0.6m | €0.2m | ▼ 63.6% |
| Investment in fixed assets (approximation) | - | -€0.004m | -€0.01m | -€0.005m | €0 | -€0.02m | €0.04m | - |
| Change in cash | - | -€0.3m | €0.4m | -€0.2m | -€0.06m | €0.09m | €0.3m | ▲ 278% |
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, 133 companies had the same profile as InSolutions has now. Two years later, 94.7% were still going and 0.8% had gone bankrupt.
- Medium-sized
- negative equity
- a profit under 5% of the balance sheet
- without age
94.7%
was still going
3.8%
stopped otherwise
0.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of InSolutions itself: 0.1% 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 133 companies, not a prediction for InSolutions. 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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 10-07-2026 | 2026-00277394 | |
| 30-06-2024 | abbreviated format | 10-01-2025 | 2025-00002800 | |
| 30-06-2023 | abbreviated format | 30-01-2024 | 2024-00011077 | |
| 30-06-2022 | abbreviated format | 06-01-2023 | 2023-20553811 | |
| 30-06-2021 | abbreviated format | 23-12-2021 | 2021-81300305 | |
| 30-06-2020 | abbreviated format | 28-01-2021 | 2021-02100126 | |
| 30-06-2019 | abbreviated format | 27-01-2020 | 2020-02100473 | |
| 30-06-2018 | abbreviated format | 28-01-2019 | 2019-02300322 | |
| 30-06-2017 | abbreviated format | 31-01-2018 | 2018-03100277 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-02600362 |