INTERSOFT ELECTRONICS GROUP
ActiveSummary
INTERSOFT ELECTRONICS GROUP has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.7m and a net result of €16.6m. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 56% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+33
Solvency85▲+4
Growth38▲+8
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.26 in 2024; short-term debt: 25.4% and cash: 1.4% of total assets), and 40% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60%
Return on assets
72.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
45 d early
2023
44 d late
2022
37 d early
2021
5 d early
2020
1 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Olen, Professional and technical services sector#2 company by equity in Olen, Professional and technical services sector#9 oldest company in Olen, Professional and technical services sector
Turnover
€289,200▼ 80.5%
2024 · €1.5m
EBIT margin
542.2%▲ 503.7pp
2024 · 38.5%
Net result
€16.6m▲ 1,743%
2024 · €899,444
Working capital
-€5.3m▼ 341%
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.3m▲ 4.2%€1.6m▲ 23.5%€688,397▼ 56.9%€1.5m▲ 116%€289,200▼ 80.5%
Operating result€289,915▲ 31.1%€193,784▼ 33.2%-€247,979€572,388€1.6m▲ 174%
Net result€2.3m▼ 16.8%€1.4m▼ 41.1%-€6.6m€899,444€16.6m▲ 1,743%
EBIT margin22.4%▲ 4.6pp12.1%▼ 10.3pp-36.0%▼ 48.2pp38.5%▲ 74.6pp542.2%▲ 503.7pp
Equity€16.2m▲ 1.3%€16.1m▼ 0.4%€8.3m▼ 48.3%€8.8m▲ 5.4%€13.7m▲ 55.9%
Total assets€18.5m▲ 5.1%€17.5m▼ 5.1%€10.1m▼ 42.2%€15.6m▲ 53.8%€22.8m▲ 46.5%
Debt€2.3m▲ 44.1%€1.4m▼ 38.6%€1.8m▲ 28.0%€6.8m▲ 279%€9.1m▲ 34.4%
Working capital€2.0m▲ 50.4%€2.0m▲ 0.6%€2.0m▲ 2.5%-€1.2m-€5.3m▼ 341%
Staff (FTE)7.1▲ 7.6%6.2▼ 12.7%2.3▼ 62.9%
Why a figure moved sharply
- 2025 Turnover -81%, Net result +1,743%, Equity +56% on 2024. Cause not known from the registers.
- 2024 Turnover +116%, Total assets +54% on 2023. Cause not known from the registers.
- 2023 Turnover -57% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 174% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.8m
Fixed assets
€22.3m ▲ 47.4%
Current assets
€488,960 ▲ 16.9%
Equity and liabilities €22.8m
Equity
€13.7m ▲ 55.9%
Debt
€9.1m ▲ 34.4%
Debt's share of the balance-sheet total falls from 43.6% to 40.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.6m▲
2024 · €640,104
Cash flow
€16.6m▲
2024 · €967,160
Current ratio
0.08▼
2024 · 0.26
Debt to equity
0.67▼
2024 · 0.77
ROE
121.2%▲
2024 · 10.3%
ROA
72.7%▲
2024 · 5.8%
Interest coverage
5.23▲
2024 · 2.17
Debt ≤ 1 year
€5.8m▲
2024 · €1.6m
Debt > 1 year
€3.2m▼
2024 · €5.1m
Income taxes
€183▼
2024 · €869
Staff costs
€2,828▲
2024 · €120
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.3m | €1.7m | €776,449 | €1.5m | €1.9m | ▲ 28.3% |
| Turnover70 | €1.3m | €1.6m | €688,397 | €1.5m | €289,200 | ▼ 80.5% |
| Other operating income74 | €24,238 | €83,397 | €88,052 | €1,337 | €1.5m | ▲ 112,274% |
| Non-recurring operating income76A | - | - | - | - | €115,000 | - |
| Operating charges60/66A | €1.0m | €1.5m | €1.0m | €913,829 | €338,577 | ▼ 62.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €584 | - |
| Purchases600/8 | - | - | - | - | €584 | - |
| Services and other goods61 | €477,076 | €931,522 | €817,300 | €412,230 | €273,652 | ▼ 33.6% |
| Remuneration, social security and pensions62 | €484,359 | €486,509 | €109,105 | €120 | €2,828 | ▲ 2,257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,428 | €65,948 | €73,899 | €67,716 | €35,595 | ▼ 47.4% |
| Other operating charges640/8 | €2,636 | €1,971 | €2,402 | €1,143 | €1,178 | ▲ 3.0% |
| Non-recurring operating charges66A | - | - | €21,722 | €432,619 | €24,740 | ▼ 94.3% |
| Operating profit (loss)9901 | €289,915 | €193,784 | -€247,979 | €572,388 | €1.6m | ▲ 174% |
| Financial income75/76B | €2.1m | €1.2m | €1.6m | €624,537 | €15.3m | ▲ 2,352% |
| Recurring financial income75 | €2.1m | €1.2m | €1.6m | €624,537 | €7.4m | ▲ 1,085% |
| Income from financial fixed assets750 | €2.1m | €1.2m | €1.5m | €300,000 | €7.0m | ▲ 2,225% |
| Income from current assets751 | - | - | €124,943 | €324,514 | €428,199 | ▲ 32.0% |
| Other financial income752/9 | - | - | - | €23 | €5 | ▼ 76.6% |
| Non-recurring financial income76B | - | €24,336 | - | - | €7.9m | - |
| Financial charges65/66B | €32,545 | €33,752 | €8.0m | €296,613 | €307,694 | ▲ 3.7% |
| Recurring financial charges65 | €4,022 | €10,592 | €51,746 | €296,613 | €307,694 | ▲ 3.7% |
| Debt charges650 | - | - | €48,310 | €295,479 | €306,683 | ▲ 3.8% |
| Other financial charges652/9 | €4,022 | €10,592 | €3,436 | €1,134 | €1,011 | ▼ 10.8% |
| Non-recurring financial charges66B | €28,523 | €23,160 | €7.9m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €2.4m | €1.4m | -€6.6m | €900,313 | €16.6m | ▲ 1,741% |
| Income taxes67/77 | €7,642 | €1,399 | - | €869 | €183 | ▼ 78.9% |
| Taxes670/3 | €7,642 | €1,399 | - | €869 | €183 | ▼ 78.9% |
| Profit (loss) for the period9904 | €2.3m | €1.4m | -€6.6m | €899,444 | €16.6m | ▲ 1,743% |
| Profit (loss) for the period to be appropriated9905 | €2.3m | €1.4m | -€6.6m | €899,444 | €16.6m | ▲ 1,743% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.5m | €17.5m | €10.1m | €15.6m | €22.8m | ▲ 46.5% |
| Fixed assets21/28 | €14.2m | €14.2m | €6.3m | €15.1m | €22.3m | ▲ 47.4% |
| Intangible fixed assets21 | €105,195 | €70,832 | €33,708 | €4,025 | €1,927 | ▼ 52.1% |
| Tangible fixed assets22/27 | €228,743 | €243,656 | €194,401 | €156,368 | €122,871 | ▼ 21.4% |
| Land and buildings22 | €222,185 | €239,272 | €191,609 | €155,030 | €122,024 | ▼ 21.3% |
| Furniture and vehicles24 | €6,559 | €4,383 | €2,792 | €1,338 | €847 | ▼ 36.7% |
| Financial fixed assets28 | €13.9m | €13.9m | €6.1m | €15.0m | €22.2m | ▲ 48.1% |
| Affiliated companies280/1 | €13.9m | €13.9m | €6.1m | €15.0m | €22.2m | ▲ 48.1% |
| Participating interests280 | €13.9m | €13.9m | €6.1m | €8.8m | €16.7m | ▲ 90.1% |
| Amounts receivable281 | - | - | - | €6.2m | €5.5m | ▼ 11.5% |
| Current assets29/58 | €4.2m | €3.3m | €3.8m | €418,449 | €488,960 | ▲ 16.9% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €2.9m | €3.2m | €3.7m | €354,175 | €145,736 | ▼ 58.9% |
| Trade receivables40 | €81,189 | €329,519 | €403,161 | €308,794 | €135,812 | ▼ 56.0% |
| Other amounts receivable41 | €2.8m | €2.8m | €3.3m | €45,382 | €9,925 | ▼ 78.1% |
| Cash at bank and in hand54/58 | €1.3m | €132,081 | €48,503 | €22,284 | €319,024 | ▲ 1,332% |
| Deferred charges and accrued income490/1 | €23,439 | €28,422 | €31,757 | €41,989 | €24,200 | ▼ 42.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.5m | €17.5m | €10.1m | €15.6m | €22.8m | ▲ 46.5% |
| Equity10/15 | €16.2m | €16.1m | €8.3m | €8.8m | €13.7m | ▲ 55.9% |
| Contributions10/11 | €506,200 | €506,200 | €506,200 | €506,200 | €506,200 | = |
| Capital10 | €506,200 | €506,200 | €506,200 | €506,200 | €506,200 | = |
| Issued capital100 | €518,600 | €518,600 | €518,600 | €518,600 | €518,600 | = |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €51,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Non-distributable reserves130/1 | €51,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Legal reserve130 | €51,860 | €51,860 | €51,860 | €51,860 | €51,860 | = |
| Profit (loss) carried forward14 | €15.6m | €15.6m | €7.8m | €8.2m | €13.1m | ▲ 59.7% |
| Amounts payable17/49 | €2.3m | €1.4m | €1.8m | €6.8m | €9.1m | ▲ 34.4% |
| Amounts payable after more than one year17 | - | - | - | €5.1m | €3.2m | ▼ 36.8% |
| Other amounts payable178/9 | - | - | - | €5.1m | €3.2m | ▼ 36.8% |
| Amounts payable within one year42/48 | €2.3m | €1.4m | €1.8m | €1.6m | €5.8m | ▲ 257% |
| Trade debts44 | €6,966 | €115,886 | €245,327 | €456,815 | €323,548 | ▼ 29.2% |
| Suppliers440/4 | €6,966 | €115,886 | €245,327 | €456,815 | €323,548 | ▼ 29.2% |
| Taxes, remuneration and social security45 | €93,938 | €117,242 | €28,813 | €120 | €4,811 | ▲ 3,909% |
| Taxes450/3 | €45,696 | €44,195 | €8,969 | €6 | €4,811 | ▲ 80,075% |
| Remuneration and social security454/9 | €48,242 | €73,047 | €19,844 | €114 | €0 | ▼ 100% |
| Other amounts payable47/48 | €2.2m | €1.1m | €1.5m | €1.2m | €5.5m | ▲ 369% |
| Accrued charges and deferred income492/3 | €26,762 | €44,491 | €23,081 | €54,600 | €111,195 | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.3m | €1.4m | -€6.6m | €899,444 | €16.6m | ▲ 1,743% |
| + Depreciation and write-downs630 | €62,428 | €65,948 | €73,899 | €67,716 | €35,595 | ▼ 47.4% |
| Operating cash flow (approximation) | €2.4m | €1.4m | -€6.5m | €967,160 | €16.6m | ▲ 1,618% |
| Investment in fixed assets (approximation) | - | -€4,729 | €7.8m | -€8.9m | -€7.2m | ▲ 19.0% |
| Change in cash | - | -€1.1m | -€83,578 | -€26,219 | €296,740 | ▲ 1,232% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
State Gazette act
Capital & shares · RestructuringDemerger · Declaration · Share issue16 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Declaration · Share issue16 facts ▸
- General meeting, 28-07-2026
- Demerger, partiele splitsing
- Other statement, waiver of reading of split proposal, voorzitter ontslagen van voorlezen splitsingsvoorstel
- Other statement, waiver of reading of board report, voorzitter ontslagen van voorlezing verslag bestuursorgaan overnemende vennootschap
- Other statement, waiver of reading of auditor report, voorzitter ontslagen van voorlezing verslag commissaris
- Demerger, partiele splitsing, overeenkomstig splitsingsvoorstel en verslagen aangaande de inbreng in natura
- Declaration, splitsingsvoorstel en boekhoudkundige stukken, voldoende weergeven hoe de afgesplitste activa en passiva overgenomen worden
- Other statement, zakelijke rechten tot waarborg van financieringen, behouden hun volledige uitwerking
- Other statement, partieel te splitsen vennootschap en overnemende vennootschap, pand op de handelszaak
- Other statement, 20-07-2026
- Share issue, volgestorte aandelen, ten laste van de overnemende vennootschap
- Declaration, bevoorrechte aandelen of effecten, geen bevoorrechte aandelen of effecten waaraan bijzondere rechten werden toegekend
- +4 further facts in this act
18-06
State Gazette act
RestructuringDemerger · Share issue · Accounting effect5 facts ▸
State Gazette act
Restructuring
Demerger · Share issue · Accounting effect5 facts ▸
- Demerger, partieel splitsing door overneming
- Share issue, 198, uitreiking aan aandeelhouders van de partieel te splitsen vennootschap
- Accounting effect, 01/01/2026
- Net-asset statement, 31/12/2025
- Real estate, HET TRÉFONDS van onroerend goed te Geel, Winkelom 85, sectie K nummer 209/E (2ha 81a 39ca), bestaande uit units 2D t/m 6D en unit D dak A, met bijbehorende mede…
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €16.6m ▲1,743%
Operating result €1.6m, net result €16.6m, both a record.
31-12
Financial
Equity above €10mEq €13.7m ▲55.9%
2 profitable years in a row build equity to €13.7m.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €899,444
Net result €899,444 after one loss-making year.
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 44 days late
2023
31-12
Financial
Weakest financial yearnet -€6.6m
Net result drops to -€6.6m, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Liquidity doublescurrent ratio 1.83
Current ratio from 0.75 to 1.83; short-term debt falls from €5.3m to €1.6m.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 23 acts read
About the unread acts
Of the 23 Belgian State Gazette acts we know for this company, 2 have been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
23 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Olen · 1 establishment unit since 2000
Ground area
4,849 m²
Building footprint
1,784 m²
Volume, LiDAR
10,286 m³
Parcel 13029E0515/00D000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Lammerdries-Oost 27, 2250 Olen
since 20002.099.302.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029E0515/00D000 | Flanders | 4,849 m² | 1 · 1,784 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Accounting effect
01-01-2026
Structure & network
Part of the group
IE Holding
6 companies
Group, risk and exposure
Owners and holdings
1 owner · 9 holdingsChain of control
- IE Holding
- WPEF VII Holdco II BE
- INTERSOFT ELECTRONICS GROUP
Highest known parent: IE Holding. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 9
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
- Intersoft Electronics Services GmbHDEsubsidiarySourceown accounts 2025Equity €224,483Result €206,349100%
- Intersoft Electronics Services Italia S.r.l.ITsubsidiarySourceown accounts 2025Equity -€169,835Result -€95,896100%
According to the 2025 annual accounts of INTERSOFT ELECTRONICS GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:Intersoft Electronics
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 5,441 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468557807
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.