Kranksoft
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 5 filings
Turnover
≈ €130,000
Estimated: probably between €110,000 and €170,000
Total assets
€200,277▲ 9.6%
2024 · €182,793
Net result
€24,531▼ 26.5%
2024 · €33,375
Working capital
€104,350▼ 30.3%
2024 · €149,757
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€65,744
▼ 12.8%
2025
20212025
Net result
€24,531
▼ 26.5%
2025
middle half of the sector
20212025
Equity
€101,262
▼ 25.8%
2025
middle half of the sector
20212025
Total assets
€200,277
▲ 9.6%
2025
middle half of the sector
20212025
Debt
€72,492
▲ 610%
2025
20212025
Working capital
€104,350
▼ 30.3%
2025
middle half of the sector
20212025
Solvency
50.6%
▼ 24.1pp
2025
middle half of the sector
20212025
Current ratio
2.44
▼ 13.23
2025
middle half of the sector
20212025
Return on assets (ROA)
12.2%
▼ 6.0pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,014-€38,589▲ 7.2%€57,032▲ 47.8%€75,382▲ 32.2%€65,744▼ 12.8%
Net result€25,693within the sector's middle half-€24,105within the sector's middle half▼ 6.2%€10,567within the sector's middle half▼ 56.2%€33,375within the sector's middle half▲ 216%€24,531within the sector's middle half▼ 26.5%
Equity€70,955within the sector's middle half-€94,259within the sector's middle half▲ 32.8%€104,027within the sector's middle half▲ 10.4%€136,551within the sector's middle half▲ 31.3%€101,262within the sector's middle half▼ 25.8%
Total assets€107,743within the sector's middle half-€162,558within the sector's middle half▲ 50.9%€169,306within the sector's middle half▲ 4.2%€182,793within the sector's middle half▲ 8.0%€200,277within the sector's middle half▲ 9.6%
Debt€36,788-€35,323▼ 4.0%€22,710▼ 35.7%€10,210▼ 55.0%€72,492▲ 610%
Working capital€59,875within the sector's middle half-€119,310within the sector's middle half▲ 99.3%€122,717above the sector's middle half▲ 2.9%€149,757above the sector's middle half▲ 22.0%€104,350within the sector's middle half▼ 30.3%
Solvency65.9%within the sector's middle half-58.0%within the sector's middle half▼ 7.9pp61.4%within the sector's middle half▲ 3.5pp74.7%within the sector's middle half▲ 13.3pp50.6%within the sector's middle half▼ 24.1pp
Current ratio4.36within the sector's middle half-6.68above the sector's middle half▲ 2.316.40above the sector's middle half▼ 0.2715.67above the sector's middle half▲ 9.262.44within the sector's middle half▼ 13.23
Return on assets (ROA)23.8%within the sector's middle half-14.8%within the sector's middle half▼ 9.0pp6.2%within the sector's middle half▼ 8.6pp18.3%within the sector's middle half▲ 12.0pp12.2%within the sector's middle half▼ 6.0pp
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 13% lower than in 2024.
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 €200,277
Fixed assets
€23,435 ▲ 2.7%
Current assets
€176,841 ▲ 10.5%
Equity and liabilities €200,277
Equity
€101,262 ▼ 25.8%
Provisions
€26,523 ▼ 26.4%
Debt
€72,492 ▲ 610%
Debt's share of the balance-sheet total rises from 5.6% to 36.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€76,296▼
2024 · €86,074
Cash flow
€35,083▼
2024 · €44,067
Debt to equity
0.72▲
2024 · 0.07
ROE
24.2%▼
2024 · 24.4%
Interest coverage
2.28▼
2024 · 2.46
Debt ≤ 1 year
€72,492▲
2024 · €10,210
Income taxes
€7,879▼
2024 · €11,756
Staff costs
€400
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,367 | - | €9,525 | €9,640 | €11,161 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €7,545 | €7,840 | €7,874 | €10,693 | €10,552 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €5,999 awarded · €5,999 paidAnnual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10 | €0 | - | €42,568 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | - | €400 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,545 | €7,840 | €7,874 | €10,693 | €10,552 | ▼ 1.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €32,976 | €9,592 | €0 | -€9,509 | - |
| Other operating charges640/8 | €509 | €460 | €499 | €513 | €128 | ▼ 75.1% |
| Non-recurring operating charges66A | - | - | - | €36,032 | €0 | ▼ 100% |
| Gross operating margin9900 | €44,067 | €79,865 | €74,997 | €122,620 | €67,315 | ▼ 45.1% |
| Operating profit (loss)9901 | €36,014 | €38,589 | €57,032 | €75,382 | €65,744 | ▼ 12.8% |
| Financial income75/76B | €4 | €3,957 | €80 | €4,735 | €194 | ▼ 95.9% |
| Recurring financial income75 | €4 | €3,957 | €80 | €4,735 | €194 | ▼ 95.9% |
| Financial charges65/66B | €163 | €119 | €39,684 | €34,986 | €33,529 | ▼ 4.2% |
| Recurring financial charges65 | €163 | €119 | €39,684 | €34,986 | €33,529 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €35,855 | €42,427 | €17,428 | €45,131 | €32,410 | ▼ 28.2% |
| Income taxes67/77 | €10,162 | €18,323 | €6,861 | €11,756 | €7,879 | ▼ 33.0% |
| Profit (loss) for the period9904 | €25,693 | €24,105 | €10,567 | €33,375 | €24,531 | ▼ 26.5% |
| Profit (loss) for the period to be appropriated9905 | €25,693 | €24,105 | €10,567 | €33,375 | €24,531 | ▼ 26.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,743 | €162,558 | €169,306 | €182,793 | €200,277 | ▲ 9.6% |
| Fixed assets21/28 | €30,068 | €22,227 | €23,879 | €22,826 | €23,435 | ▲ 2.7% |
| Intangible fixed assets21 | €17,881 | €12,772 | €7,663 | €2,554 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €12,187 | €9,456 | €16,215 | €20,272 | €23,435 | ▲ 15.6% |
| Plant, machinery and equipment23 | €8,715 | €6,872 | €14,520 | €19,465 | €15,407 | ▼ 20.8% |
| Furniture and vehicles24 | €3,472 | €2,584 | €1,695 | €807 | €8,028 | ▲ 895% |
| Current assets29/58 | €77,675 | €140,331 | €145,427 | €159,967 | €176,841 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €17,770 | €133,655 | €102,083 | €102,653 | €65,760 | ▼ 35.9% |
| Trade receivables40 | €15,811 | €19,157 | €18,594 | €18,860 | €18,018 | ▼ 4.5% |
| Other amounts receivable41 | €1,959 | €114,498 | €83,490 | €83,793 | €47,742 | ▼ 43.0% |
| Cash at bank and in hand54/58 | €58,445 | €5,243 | €41,817 | €56,052 | €91,759 | ▲ 63.7% |
| Deferred charges and accrued income490/1 | €1,460 | €1,433 | €1,526 | €1,262 | €19,323 | ▲ 15× |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,743 | €162,558 | €169,306 | €182,793 | €200,277 | ▲ 9.6% |
| Equity10/15 | €70,955 | €94,259 | €104,027 | €136,551 | €101,262 | ▼ 25.8% |
| Contributions10/11 | €550 | €500 | €500 | €500 | €500 | = |
| Reserves13 | €59,821 | €83,975 | €94,543 | €127,917 | €92,628 | ▼ 27.6% |
| Non-distributable reserves130/1 | - | €50 | €50 | €50 | €50 | = |
| Reserves not available under the articles1311 | - | €50 | €50 | €50 | €50 | = |
| Distributable reserves133 | €59,821 | €83,925 | €94,493 | €127,867 | €92,578 | ▼ 27.6% |
| Profit (loss) carried forward14 | €10,584 | €9,784 | €8,984 | €8,134 | €8,134 | = |
| Provisions and deferred taxes16 | - | €32,976 | €42,568 | €36,032 | €26,523 | ▼ 26.4% |
| Provisions for liabilities and charges160/5 | - | €32,976 | €42,568 | €36,032 | €26,523 | ▼ 26.4% |
| Environmental obligations163 | - | €32,976 | €42,568 | €36,032 | €26,523 | ▼ 26.4% |
| Amounts payable17/49 | €36,788 | €35,323 | €22,710 | €10,210 | €72,492 | ▲ 610% |
| Amounts payable within one year42/48 | €17,800 | €21,021 | €22,710 | €10,210 | €72,492 | ▲ 610% |
| Financial debts43 | €3,344 | €4,516 | €5,065 | €0 | - | - |
| Other loans439 | €3,344 | €4,516 | €5,065 | €0 | - | - |
| Trade debts44 | €1,821 | €1,161 | €10,023 | €3,145 | €9,191 | ▲ 192% |
| Suppliers440/4 | €1,821 | €1,161 | €10,023 | €3,145 | €9,191 | ▲ 192% |
| Taxes, remuneration and social security45 | €11,827 | €14,544 | €6,822 | €6,214 | €2,630 | ▼ 57.7% |
| Taxes450/3 | €11,827 | €14,544 | €6,822 | €6,214 | €2,630 | ▼ 57.7% |
| Other amounts payable47/48 | €808 | €800 | €800 | €850 | €60,671 | ▲ 71× |
| Accrued charges and deferred income492/3 | €18,989 | €14,302 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,693 | €24,105 | €10,567 | €33,375 | €24,531 | ▼ 26.5% |
| + Depreciation and write-downs630 | €7,545 | €7,840 | €7,874 | €10,693 | €10,552 | ▼ 1.3% |
| Operating cash flow (approximation) | €33,238 | €31,945 | €18,441 | €44,067 | €35,083 | ▼ 20.4% |
| Investment in fixed assets (approximation) | - | €0 | -€9,525 | -€9,640 | -€11,161 | ▼ 15.8% |
| Change in cash | - | -€53,202 | €36,574 | €14,235 | €35,707 | ▲ 151% |
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, 34,693 companies had the same profile as Kranksoft has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Kranksoft 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 34,693 companies, not a prediction for Kranksoft. 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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00234913 | |
| 31-12-2024 | micro format | 13-08-2025 | 2025-00377387 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00132434 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00170700 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20109077 |