IT-Efficiently
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00404031.
Annual accounts 2025 filed on 18-08-2026 at the NBB all 8 filings
Equity
€54,198▼ 34.7%
2024 · €82,996
Total assets
€57,140▼ 32.3%
2024 · €84,461
Net result
-€28,798▼ 201%
2024 · -€9,562
Working capital
€52,729▼ 34.2%
2024 · €80,087
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€29,379
▼ 198%
2025
20182025
Net result
-€28,798
▼ 201%
2025
lowest quarter of the sector
20182025
Equity
€54,198
▼ 34.7%
2025
middle half of the sector
20182025
Total assets
€57,140
▼ 32.3%
2025
lowest quarter of the sector
20182025
Debt
€2,942
▲ 101%
2025
20182025
Working capital
€52,729
▼ 34.2%
2025
middle half of the sector
20182025
Solvency
94.9%
▼ 3.4pp
2025
highest quarter of the sector
20182025
Current ratio
18.92
▼ 36.73
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-50.4%
▼ 39.1pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€103,203-€47,356▼ 54.1%€49,870▲ 5.3%-€7,415€6,558-€6,089-€9,854▼ 61.8%-€29,379▼ 198%
Net result€79,301-€34,407▼ 56.6%€35,469within the sector's middle half▲ 3.1%-€7,757below the sector's middle half€5,009within the sector's middle half-€6,273below the sector's middle half-€9,562below the sector's middle half▼ 52.4%-€28,798below the sector's middle half▼ 201%
Equity€31,701-€66,108▲ 109%€101,577within the sector's middle half▲ 53.7%€93,821within the sector's middle half▼ 7.6%€98,830within the sector's middle half▲ 5.3%€92,558within the sector's middle half▼ 6.3%€82,996within the sector's middle half▼ 10.3%€54,198within the sector's middle half▼ 34.7%
Total assets€121,074-€67,826▼ 44.0%€109,198within the sector's middle half▲ 61.0%€96,012within the sector's middle half▼ 12.1%€103,096within the sector's middle half▲ 7.4%€96,359within the sector's middle half▼ 6.5%€84,461within the sector's middle half▼ 12.3%€57,140below the sector's middle half▼ 32.3%
Debt€89,373-€1,718▼ 98.1%€7,621▲ 344%€2,191▼ 71.3%€4,265▲ 94.7%€3,802▼ 10.9%€1,465▼ 61.5%€2,942▲ 101%
Working capital€31,701-€66,108▲ 109%€94,114within the sector's middle half▲ 42.4%€88,845within the sector's middle half▼ 5.6%€91,042within the sector's middle half▲ 2.5%€88,453within the sector's middle half▼ 2.8%€80,087within the sector's middle half▼ 9.5%€52,729within the sector's middle half▼ 34.2%
Solvency26.2%-97.5%▲ 71.3pp93.0%above the sector's middle half▼ 4.4pp97.7%above the sector's middle half▲ 4.7pp95.9%above the sector's middle half▼ 1.9pp96.1%above the sector's middle half▲ 0.2pp98.3%above the sector's middle half▲ 2.2pp94.9%above the sector's middle half▼ 3.4pp
Current ratio1.35-39.48▲ 38.1313.35above the sector's middle half▼ 26.1341.55above the sector's middle half▲ 28.2022.35above the sector's middle half▼ 19.2124.27above the sector's middle half▲ 1.9255.65above the sector's middle half▲ 31.3918.92above the sector's middle half▼ 36.73
Return on assets (ROA)65.5%-50.7%▼ 14.8pp32.5%above the sector's middle half▼ 18.2pp-8.1%below the sector's middle half▼ 40.6pp4.9%within the sector's middle half▲ 12.9pp-6.5%below the sector's middle half▼ 11.4pp-11.3%below the sector's middle half▼ 4.8pp-50.4%below the sector's middle half▼ 39.1pp
Staff (FTE)0.30.9▲ 200%0.8▼ 11.1%
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 a loss of €29,379, larger than the loss of €9,854 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,140
Fixed assets
€1,469 ▼ 49.5%
Current assets
€55,671 ▼ 31.7%
Equity and liabilities €57,140
Equity
€54,198 ▼ 34.7%
Debt
€2,942 ▲ 101%
Debt's share of the balance-sheet total rises from 1.7% to 5.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€28,183▼
2024 · -€8,659
Cash flow
-€27,602▼
2024 · -€8,366
Debt to equity
0.05▲
2024 · 0.02
ROE
-53.1%▼
2024 · -11.5%
Interest coverage
-118.23▼
2024 · -94.63
Debt ≤ 1 year
€2,942▲
2024 · €1,465
Income taxes
€304▼
2024 · €321
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| full-time | 1 | 1 | - |
| in full-time equivalents | 1 | 1 | - |
| Average over the year, in full-time equivalents | 0.3 | 0.9 | 0.8 |
| On a permanent contract | 1 | - | - |
| Joined | 1 | 1 | 0 |
| Left | 0 | 1 | 1 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,977 | - | - | - |
| Financial fixed assets | - | €244 | - | - | - |
| Depreciation and write-downs of the year | €2,488 | €3,409 | €3,684 | €1,195 | €1,195 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €5,942 | €33,386 | €27,512 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,000 | - | - | €2,488 | €3,409 | €3,684 | €1,195 | €1,195 | = |
| Other operating charges640/8 | - | - | - | €799 | €496 | €4,187 | €1,916 | - | - |
| Gross operating margin9900 | €106,864 | €47,785 | €50,307 | -€4,128 | €16,405 | €35,168 | €20,769 | -€28,183 | - |
| Operating profit (loss)9901 | €103,203 | €47,356 | €49,870 | -€7,415 | €6,558 | -€6,089 | -€9,854 | -€29,379 | ▼ 198% |
| Financial income75/76B | - | - | - | - | €157 | €185 | €706 | €1,123 | ▲ 59.2% |
| Recurring financial income75 | €20 | €0 | €0 | - | €157 | €185 | €706 | €1,123 | ▲ 59.2% |
| Financial charges65/66B | - | - | - | €82 | €87 | €87 | €92 | €238 | ▲ 161% |
| Recurring financial charges65 | €65 | €61 | €68 | €82 | €87 | €87 | €92 | €238 | ▲ 161% |
| Profit (loss) for the period before taxes9903 | €103,158 | €47,295 | €49,802 | -€7,497 | €6,628 | -€5,991 | -€9,240 | -€28,494 | ▼ 208% |
| Income taxes67/77 | €23,856 | €12,888 | €14,333 | €259 | €1,619 | €282 | €321 | €304 | ▼ 5.5% |
| Profit (loss) for the period9904 | €79,301 | €34,407 | €35,469 | -€7,757 | €5,009 | -€6,273 | -€9,562 | -€28,798 | ▼ 201% |
| Profit (loss) for the period to be appropriated9905 | €79,301 | €34,407 | €35,469 | -€7,757 | €5,009 | -€6,273 | -€9,562 | -€28,798 | ▼ 201% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €121,074 | €67,826 | €109,198 | €96,012 | €103,096 | €96,359 | €84,461 | €57,140 | ▼ 32.3% |
| Fixed assets21/28 | - | - | €7,464 | €4,976 | €7,788 | €4,104 | €2,909 | €1,469 | ▼ 49.5% |
| Tangible fixed assets22/27 | - | - | €7,464 | €4,976 | €7,544 | €3,860 | €2,665 | €1,469 | ▼ 44.9% |
| Furniture and vehicles24 | - | - | - | €4,976 | €7,544 | €3,860 | €2,665 | €1,469 | ▼ 44.9% |
| Financial fixed assets28 | - | - | - | - | €244 | €244 | €244 | - | - |
| Current assets29/58 | €121,074 | €67,826 | €101,735 | €91,036 | €95,307 | €92,255 | €81,552 | €55,671 | ▼ 31.7% |
| Amounts receivable within one year40/41 | €13,107 | €15,603 | €15,341 | €31,812 | €13,184 | €45,872 | €27,421 | €30,201 | ▲ 10.1% |
| Trade receivables40 | - | - | - | €25,071 | €2,177 | €41,119 | €3,830 | €12,521 | ▲ 227% |
| Other amounts receivable41 | - | - | - | €6,741 | €11,007 | €4,752 | €23,591 | €17,680 | ▼ 25.1% |
| Cash at bank and in hand54/58 | €107,967 | €52,223 | €84,751 | €57,528 | €80,504 | €28,098 | €35,847 | €6,854 | ▼ 80.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,697 | €1,620 | €18,285 | €18,285 | €18,616 | ▲ 1.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €121,074 | €67,826 | €109,198 | €96,012 | €103,096 | €96,359 | €84,461 | €57,140 | ▼ 32.3% |
| Equity10/15 | €31,701 | €66,108 | €101,577 | €93,821 | €98,830 | €92,558 | €82,996 | €54,198 | ▼ 34.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | €12,400 | €12,400 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €1,860 | €21,860 | €51,860 | €51,860 | €56,860 | €56,860 | €56,860 | €56,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €50,000 | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Profit (loss) carried forward14 | €17,441 | €31,848 | €37,317 | €29,561 | €29,570 | €23,298 | €13,736 | -€15,062 | - |
| Amounts payable17/49 | €89,373 | €1,718 | €7,621 | €2,191 | €4,265 | €3,802 | €1,465 | €2,942 | ▲ 101% |
| Amounts payable within one year42/48 | €89,373 | €1,718 | €7,621 | €2,191 | €4,265 | €3,802 | €1,465 | €2,942 | ▲ 101% |
| Trade debts44 | - | €1,718 | €2 | €79 | €835 | €4 | €1,172 | €635 | ▼ 45.8% |
| Suppliers440/4 | - | - | - | €79 | €835 | €4 | €1,172 | €635 | ▼ 45.8% |
| Taxes, remuneration and social security45 | - | - | - | €2,112 | €3,430 | €3,798 | €294 | €2,306 | ▲ 686% |
| Taxes450/3 | - | - | - | €1,604 | €1,619 | €1,901 | €294 | €304 | ▲ 3.4% |
| Remuneration and social security454/9 | - | - | - | €508 | €1,811 | €1,897 | - | €2,003 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,301 | €34,407 | €35,469 | -€7,757 | €5,009 | -€6,273 | -€9,562 | -€28,798 | ▼ 201% |
| + Depreciation and write-downs630 | €2,000 | - | - | €2,488 | €3,409 | €3,684 | €1,195 | €1,195 | = |
| Operating cash flow (approximation) | €81,301 | €34,407 | €35,469 | -€5,269 | €8,419 | -€2,589 | -€8,366 | -€27,602 | ▼ 230% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€6,221 | €0 | €0 | €244 | - |
| Change in cash | - | -€55,745 | €32,528 | -€27,223 | €22,977 | -€52,406 | €7,749 | -€28,992 | - |
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, 3,591 companies had the same profile as IT-Efficiently has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.4%
was still going
9.4%
stopped otherwise
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IT-Efficiently itself is lower: 0.2% within 12 months. It rests on far more data about IT-Efficiently than the profile alone.
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 3,591 companies, not a prediction for IT-Efficiently. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00404031 | |
| 31-12-2024 | micro format | 01-09-2025 | 2025-00481125 | |
| 31-12-2023 | micro format | 24-08-2024 | 2024-00365829 | |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00458893 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20330639 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61000035 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-65700111 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49700200 |