INTERSOFT ELECTRONICS GROUP
ActiveSummary
INTERSOFT ELECTRONICS GROUP has been active since 1999 and the Belgian Official 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 about 3% per year across the filed financial years. Its solvency ranks better than 56% of 3,830 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
In the rankings
#2 company by total assets in Olen, Professional and technical services sector#3 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
Not meaningful: turnover is only a small part of operating income
Net result
€16.6m▲ 1,743%
2024 · €899,444
Working capital
-€5.3m▼ 341%
2024 · -€1.2m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 8 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.3m
2025
Operating result€1.6m
2025
Net result€16.6m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€22.8m
2025
Equity€13.7m
2025
Debt€9.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€5.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)72.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency60.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.08
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.3
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192019202020212022202320242025
Turnover€1.7m-€1.7m-€1.2m▼ 28.9%€1.3m▲ 4.2%€1.6m▲ 23.5%€0.7m▼ 56.9%€1.5m▲ 116%€0.3m▼ 80.5%
Operating result€0.8m-€1.0m-€0.2m▼ 78.2%€0.3m▲ 31.1%€0.2m▼ 33.2%-€0.2m€0.6m€1.6m▲ 174%
Net result€4.6m-€15.2m-€2.8mabove the sector's middle half▼ 81.4%€2.3mabove the sector's middle half▼ 16.8%€1.4mabove the sector's middle half▼ 41.1%-€6.6mbelow the sector's middle half€0.9mabove the sector's middle half€16.6mabove the sector's middle half▲ 1,743%
Equity€15.2m-€13.4m-€16.0mabove the sector's middle half▲ 19.2%€16.2mabove the sector's middle half▲ 1.3%€16.1mabove the sector's middle half▼ 0.4%€8.3mabove the sector's middle half▼ 48.3%€8.8mabove the sector's middle half▲ 5.4%€13.7mabove the sector's middle half▲ 55.9%
Total assets€15.3m-€18.8m-€17.6mabove the sector's middle half▼ 6.4%€18.5mabove the sector's middle half▲ 5.1%€17.5mabove the sector's middle half▼ 5.1%€10.1mabove the sector's middle half▼ 42.2%€15.6mabove the sector's middle half▲ 53.8%€22.8mabove the sector's middle half▲ 46.5%
Debt€0.09m-€5.3m-€1.6m▼ 70.4%€2.3m▲ 44.1%€1.4m▼ 38.6%€1.8m▲ 28.0%€6.8m▲ 279%€9.1m▲ 34.4%
Working capital€0.6m--€1.4m-€1.3mabove the sector's middle half€2.0mabove the sector's middle half▲ 50.4%€2.0mabove the sector's middle half▲ 0.6%€2.0mabove the sector's middle half▲ 2.5%-€1.2mbelow the sector's middle half-€5.3mbelow the sector's middle half▼ 341%
Solvency99.4%-71.5%-91.0%above the sector's middle half▲ 19.5pp87.7%above the sector's middle half▼ 3.3pp92.0%above the sector's middle half▲ 4.4pp82.3%above the sector's middle half▼ 9.7pp56.4%within the sector's middle half▼ 25.9pp60.0%within the sector's middle half▲ 3.6pp
Current ratio7.44-0.75-1.83within the sector's middle half▲ 1.081.87within the sector's middle half▲ 0.052.46within the sector's middle half▲ 0.592.15within the sector's middle half▼ 0.310.26below the sector's middle half▼ 1.890.08below the sector's middle half▼ 0.17
Return on assets (ROA)30.0%-81.1%-16.1%above the sector's middle half▼ 65.0pp12.7%above the sector's middle half▼ 3.3pp7.9%within the sector's middle half▼ 4.8pp-65.2%below the sector's middle half▼ 73.1pp5.8%within the sector's middle half▲ 70.9pp72.7%above the sector's middle half▲ 66.9pp
Staff (FTE)5.9-6.6-6.6above the sector's middle half=7.1within the sector's middle half▲ 7.6%6.2within the sector's middle half▼ 12.7%2.3within the sector's middle half▼ 62.9%
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
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
Debt to equity
0.67▼
2024 · 0.77
ROE
121.2%▲
2024 · 10.3%
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 | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.3m | €1.7m | €0.8m | €1.5m | €1.9m | ▲ 28.3% |
| Turnover70 | €1.7m | €1.7m | €1.2m | €1.3m | €1.6m | €0.7m | €1.5m | €0.3m | ▼ 80.5% |
| Other operating income74 | - | - | - | €0.02m | €0.08m | €0.09m | €0.001m | €1.5m | ▲ 112,274% |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.1m | - |
| Operating charges60/66A | - | - | - | €1.0m | €1.5m | €1.0m | €0.9m | €0.3m | ▼ 62.9% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | - | €0.001m | - |
| Purchases600/8 | - | - | - | - | - | - | - | €0.001m | - |
| Services and other goods61 | - | - | - | €0.5m | €0.9m | €0.8m | €0.4m | €0.3m | ▼ 33.6% |
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.5m | €0.1m | €120 | €0.003m | ▲ 2,257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.04m | ▼ 47.4% |
| Other operating charges640/8 | - | - | - | €0.003m | €0.002m | €0.002m | €0.001m | €0.001m | ▲ 3.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €0.02m | €0.4m | €0.02m | ▼ 94.3% |
| Gross operating margin9900 | €1.2m | €1.4m | €0.7m | - | - | - | - | - | - |
| Operating profit (loss)9901 | €0.8m | €1.0m | €0.2m | €0.3m | €0.2m | -€0.2m | €0.6m | €1.6m | ▲ 174% |
| Financial income75/76B | - | - | - | €2.1m | €1.2m | €1.6m | €0.6m | €15.3m | ▲ 2,352% |
| Recurring financial income75 | €4.0m | €10.9m | €2.6m | €2.1m | €1.2m | €1.6m | €0.6m | €7.4m | ▲ 1,085% |
| Income from financial fixed assets750 | - | - | - | €2.1m | €1.2m | €1.5m | €0.3m | €7.0m | ▲ 2,225% |
| Income from current assets751 | - | - | - | - | - | €0.1m | €0.3m | €0.4m | ▲ 32.0% |
| Other financial income752/9 | - | - | - | - | - | - | €23 | €5 | ▼ 76.6% |
| Non-recurring financial income76B | - | - | - | - | €0.02m | - | - | €7.9m | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.03m | €8.0m | €0.3m | €0.3m | ▲ 3.7% |
| Recurring financial charges65 | €0.007m | €34 | €0.006m | €0.004m | €0.01m | €0.05m | €0.3m | €0.3m | ▲ 3.7% |
| Debt charges650 | - | - | - | - | - | €0.05m | €0.3m | €0.3m | ▲ 3.8% |
| Other financial charges652/9 | - | - | - | €0.004m | €0.01m | €0.003m | €0.001m | €0.001m | ▼ 10.8% |
| Non-recurring financial charges66B | - | - | - | €0.03m | €0.02m | €7.9m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €4.8m | €15.5m | €2.8m | €2.4m | €1.4m | -€6.6m | €0.9m | €16.6m | ▲ 1,741% |
| Income taxes67/77 | €0.2m | €0.2m | €0.003m | €0.008m | €0.001m | - | €0.001m | €183 | ▼ 78.9% |
| Taxes670/3 | - | - | - | €0.008m | €0.001m | - | €0.001m | €183 | ▼ 78.9% |
| Profit (loss) for the period9904 | €4.6m | €15.2m | €2.8m | €2.3m | €1.4m | -€6.6m | €0.9m | €16.6m | ▲ 1,743% |
| Profit (loss) for the period to be appropriated9905 | €4.6m | €15.2m | €2.8m | €2.3m | €1.4m | -€6.6m | €0.9m | €16.6m | ▲ 1,743% |
| Line | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15.3m | €18.8m | €17.6m | €18.5m | €17.5m | €10.1m | €15.6m | €22.8m | ▲ 46.5% |
| Fixed assets21/28 | €14.6m | €14.8m | €14.7m | €14.2m | €14.2m | €6.3m | €15.1m | €22.3m | ▲ 47.4% |
| Intangible fixed assets21 | - | €0.2m | €0.1m | €0.1m | €0.07m | €0.03m | €0.004m | €0.002m | ▼ 52.1% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 21.4% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 21.3% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.004m | €0.003m | €0.001m | €0.001m | ▼ 36.7% |
| Financial fixed assets28 | €14.3m | €14.3m | €14.3m | €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 | €0.7m | €4.0m | €2.9m | €4.2m | €3.3m | €3.8m | €0.4m | €0.5m | ▲ 16.9% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €0.6m | €1.8m | €1.1m | €2.9m | €3.2m | €3.7m | €0.4m | €0.1m | ▼ 58.9% |
| Trade receivables40 | - | - | - | €0.08m | €0.3m | €0.4m | €0.3m | €0.1m | ▼ 56.0% |
| Other amounts receivable41 | - | - | - | €2.8m | €2.8m | €3.3m | €0.05m | €0.01m | ▼ 78.1% |
| Cash at bank and in hand54/58 | €0.09m | €1.8m | €1.4m | €1.3m | €0.1m | €0.05m | €0.02m | €0.3m | ▲ 1,332% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | €0.02m | ▼ 42.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15.3m | €18.8m | €17.6m | €18.5m | €17.5m | €10.1m | €15.6m | €22.8m | ▲ 46.5% |
| Equity10/15 | €15.2m | €13.4m | €16.0m | €16.2m | €16.1m | €8.3m | €8.8m | €13.7m | ▲ 55.9% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Uncalled capital101 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €14.6m | €12.8m | €15.4m | €15.6m | €15.6m | €7.8m | €8.2m | €13.1m | ▲ 59.7% |
| Amounts payable17/49 | €0.09m | €5.3m | €1.6m | €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 | €0.09m | €5.3m | €1.6m | €2.3m | €1.4m | €1.8m | €1.6m | €5.8m | ▲ 257% |
| Trade debts44 | €0.04m | €0.05m | €0.08m | €0.007m | €0.1m | €0.2m | €0.5m | €0.3m | ▼ 29.2% |
| Suppliers440/4 | - | - | - | €0.007m | €0.1m | €0.2m | €0.5m | €0.3m | ▼ 29.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.1m | €0.03m | €120 | €0.005m | ▲ 3,909% |
| Taxes450/3 | - | - | - | €0.05m | €0.04m | €0.009m | €6 | €0.005m | ▲ 80,075% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.07m | €0.02m | €114 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €2.2m | €1.1m | €1.5m | €1.2m | €5.5m | ▲ 369% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.04m | €0.02m | €0.05m | €0.1m | ▲ 104% |
| Line | 2019 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.6m | €15.2m | €2.8m | €2.3m | €1.4m | -€6.6m | €0.9m | €16.6m | ▲ 1,743% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.04m | ▼ 47.4% |
| Operating cash flow (approximation) | €4.6m | €15.2m | €2.9m | €2.4m | €1.4m | -€6.5m | €1.0m | €16.6m | ▲ 1,618% |
| Investment in fixed assets (approximation) | - | - | €0.04m | €0.4m | -€0.005m | €7.8m | -€8.9m | -€7.2m | ▲ 19.0% |
| Change in cash | - | - | -€0.5m | -€0.1m | -€1.1m | -€0.08m | -€0.03m | €0.3m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 05-06-2026 | 2026-00139468 |
| 31-12-2024 | full format | 16-06-2025 | 2025-00144572 |
| 31-12-2023 | full format | 13-09-2024 | 2024-00468267 |
| 31-12-2022 | full format | 24-06-2023 | 2023-00154017 |
| 31-12-2021 | full format | 26-07-2022 | 2022-20232726 |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43300336 |
| 31-12-2019 | abbreviated format | 20-07-2020 | 2020-31900406 |
| 31-03-2019 | abbreviated format | 28-06-2019 | 2019-24800181 |
| 31-03-2018 | abbreviated format | 13-09-2018 | 2018-63000189 |
| 31-03-2017 | abbreviated format | 29-09-2017 | 2017-64900068 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.