Financials · financial year 2025, full format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447654.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 25 filings
Turnover
≈ €340,000
Estimated: probably between €290,000 and €480,000
EBIT margin
Not included in this filing
Net result
€132,286▼ 13.8%
2024 · €153,442
Working capital
€38,977▼ 94.7%
2024 · €730,872
In the rankings
#1 company by equity in Lint, Telecoms and IT sector#3 company by total assets in Lint, Telecoms and IT sector#8 oldest company in Lint, Telecoms and IT sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€192,886
▲ 97.5%
2025
20192025
Net result
€132,286
▼ 13.8%
2025
middle half of the sector
20192025
Equity
€1.4m
▼ 37.7%
2025
middle half of the sector
20192025
Total assets
€1.9m
▼ 17.7%
2025
middle half of the sector
20192025
Debt
€542,979
▲ 329%
2025
20192025
Working capital
€38,977
▼ 94.7%
2025
middle half of the sector
20192025
Solvency
71.6%
▼ 23.0pp
2025
highest quarter of the sector
20192025
Current ratio
1.09
▼ 5.78
2025
middle half of the sector
20192025
Return on assets (ROA)
6.9%
▲ 0.3pp
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.08m▼ 23.2%€0.09m▲ 11.3%-€0.02m€0.06m€0.1m▲ 77.2%€0.2m▲ 97.5%
Net result€0.08m-€0.06mwithin the sector's middle half▼ 16.7%€0.06mwithin the sector's middle half▲ 0.8%€0.06mwithin the sector's middle half▼ 11.6%€0.8mabove the sector's middle half▲ 14×€0.2mabove the sector's middle half▼ 81.3%€0.1mwithin the sector's middle half▼ 13.8%
Equity€1.4m-€1.4mabove the sector's middle half▲ 3.4%€1.3mabove the sector's middle half▼ 7.4%€1.3mabove the sector's middle half▲ 0.9%€2.1mabove the sector's middle half▲ 56.5%€2.2mabove the sector's middle half▲ 4.6%€1.4mwithin the sector's middle half▼ 37.7%
Total assets€1.5m-€1.5mabove the sector's middle half▲ 2.0%€1.5mwithin the sector's middle half▼ 3.8%€1.6mwithin the sector's middle half▲ 11.7%€2.2mabove the sector's middle half▲ 35.4%€2.3mabove the sector's middle half▲ 5.2%€1.9mwithin the sector's middle half▼ 17.7%
Debt€0.1m-€0.08m▼ 18.3%€0.1m▲ 59.9%€0.3m▲ 124%€0.1m▼ 62.8%€0.1m▲ 18.2%€0.5m▲ 329%
Working capital€0.002m-€0.03mwithin the sector's middle half▲ 15×-€0.06mbelow the sector's middle half€0.05mwithin the sector's middle half€0.6mabove the sector's middle half▲ 12×€0.7mabove the sector's middle half▲ 18.9%€0.04mwithin the sector's middle half▼ 94.7%
Solvency93.4%-94.7%above the sector's middle half▲ 1.3pp91.2%above the sector's middle half▼ 3.5pp82.3%above the sector's middle half▼ 8.9pp95.1%above the sector's middle half▲ 12.8pp94.5%above the sector's middle half▼ 0.6pp71.6%above the sector's middle half▼ 23.0pp
Current ratio1.02-1.40within the sector's middle half▲ 0.380.57below the sector's middle half▼ 0.831.86within the sector's middle half▲ 1.306.92above the sector's middle half▲ 5.066.87above the sector's middle half▼ 0.051.09within the sector's middle half▼ 5.78
Return on assets (ROA)5.2%-4.2%within the sector's middle half▼ 0.9pp4.4%within the sector's middle half▲ 0.2pp3.5%within the sector's middle half▼ 0.9pp37.1%above the sector's middle half▲ 33.6pp6.6%within the sector's middle half▼ 30.5pp6.9%within the sector's middle half▲ 0.3pp
Staff (FTE)0.3below the sector's middle half0below the sector's middle half▼ 100%0.1below the sector's middle half0below the sector's middle half▼ 100%
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 98% higher than in 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.4m ▼ 1.2%
Current assets
€462,011 ▼ 46.0%
Equity and liabilities €1.9m
Equity
€1.4m ▼ 37.7%
Debt
€542,979 ▲ 329%
Debt's share of the balance-sheet total rises from 5.5% to 28.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
9.7%▲
2024 · 7.0%
Debt ≤ 1 year
€423,034▲
2024 · €124,412
Debt > 1 year
€111,668
Income taxes
€57,277▲
2024 · €36,448
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 0 |
| full-time | 0 | 0 | 0 |
| part-time | 1 | 1 | 0 |
| in full-time equivalents | 0.7 | 0.7 | 0 |
| Average over the year, in full-time equivalents | 0.3 | 0 | 0.1 |
| On a permanent contract | 1 | 1 | 0 |
| Joined | 1 | - | 0 |
| Left | 0 | - | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €0 | €176,042 | - | - | - |
| Intangible fixed assets | €52,232 | - | - | - | - |
| Financial fixed assets | €0 | - | - | - | - |
| Depreciation and write-downs of the year | €69,988 | €40,274 | €33,734 | €21,762 | €17,816 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €14,156 | €60,783 | €5,944 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,461 | €33,626 | €69,988 | €40,274 | €33,734 | €21,762 | €17,816 | ▼ 18.1% |
| Other operating charges640/8 | - | - | €2,132 | €1,726 | €2,311 | €2,374 | €2,699 | ▲ 13.7% |
| Gross operating margin9900 | €124,693 | €111,590 | €171,746 | €83,371 | €97,082 | €121,781 | €213,400 | ▲ 75.2% |
| Operating profit (loss)9901 | €100,047 | €76,806 | €85,470 | -€19,411 | €55,093 | €97,644 | €192,886 | ▲ 97.5% |
| Financial income75/76B | - | - | €4,629 | €85,425 | €858,139 | €92,653 | €11,507 | ▼ 87.6% |
| Recurring financial income75 | €4,522 | €6,511 | €4,629 | €85,425 | €858,139 | €92,653 | €11,507 | ▼ 87.6% |
| Financial charges65/66B | - | - | €44 | €3,422 | €3,523 | €407 | €14,830 | ▲ 36× |
| Recurring financial charges65 | €22 | €62 | €44 | €3,422 | €3,523 | €407 | €14,830 | ▲ 36× |
| Profit (loss) for the period before taxes9903 | €104,548 | €83,255 | €90,055 | €62,592 | €909,709 | €189,889 | €189,563 | ▼ 0.2% |
| Income taxes67/77 | €27,490 | €19,076 | €25,358 | €5,421 | €91,176 | €36,448 | €57,277 | ▲ 57.1% |
| Profit (loss) for the period9904 | €77,058 | €64,180 | €64,696 | €57,171 | €818,532 | €153,442 | €132,286 | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €77,058 | €64,180 | €64,696 | €57,171 | €818,532 | €153,442 | €132,286 | ▼ 13.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.6m | €2.2m | €2.3m | €1.9m | ▼ 17.7% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 1.2% |
| Intangible fixed assets21 | €0.08m | €0.1m | €0.08m | €0.05m | €0.02m | €0.01m | €0.001m | ▼ 91.2% |
| Tangible fixed assets22/27 | €0.003m | €0.002m | €0.001m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 5.8% |
| Plant, machinery and equipment23 | - | - | €0.001m | €202 | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 5.8% |
| Financial fixed assets28 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Current assets29/58 | €0.1m | €0.1m | €0.07m | €0.1m | €0.7m | €0.9m | €0.5m | ▼ 46.0% |
| Amounts receivable after more than one year29 | - | - | €0.04m | €0 | €0.6m | €0.7m | €0.3m | ▼ 58.2% |
| Other amounts receivable291 | - | - | €0.04m | €0 | €0.6m | €0.7m | €0.3m | ▼ 58.2% |
| Amounts receivable within one year40/41 | €0.05m | €0.07m | €0.02m | €0.1m | €0.09m | €0.2m | €0.2m | ▼ 13.3% |
| Trade receivables40 | - | - | - | - | €0.003m | €0.1m | €0.2m | ▲ 35.1% |
| Other amounts receivable41 | - | - | €0.02m | €0.1m | €0.08m | €0.06m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.007m | €0.001m | €0.007m | €0.008m | €0.003m | €0.002m | €0.02m | ▲ 622% |
| Deferred charges and accrued income490/1 | - | - | €0.004m | €0.003m | €0.005m | €0.008m | €0.01m | ▲ 53.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.6m | €2.2m | €2.3m | €1.9m | ▼ 17.7% |
| Equity10/15 | €1.4m | €1.4m | €1.3m | €1.3m | €2.1m | €2.2m | €1.4m | ▼ 37.7% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €0.06m | ▼ 93.7% |
| Capital10 | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €0.06m | ▼ 93.7% |
| Issued capital100 | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €0.06m | ▼ 93.7% |
| Reserves13 | €0.4m | €0.5m | €0.4m | €0.4m | €1.1m | €1.2m | €1.3m | ▲ 6.7% |
| Non-distributable reserves130/1 | - | - | €0.05m | €0.06m | €0.1m | €0.1m | €0.006m | ▼ 94.0% |
| Legal reserve130 | - | - | €0.05m | €0.06m | €0.1m | €0.1m | €0.006m | ▼ 94.0% |
| Tax-exempt reserves132 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | €0.3m | €0.3m | €1.0m | €1.1m | €1.3m | ▲ 16.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Investment grants15 | - | - | €0.002m | €0 | - | - | - | - |
| Amounts payable17/49 | €0.1m | €0.08m | €0.1m | €0.3m | €0.1m | €0.1m | €0.5m | ▲ 329% |
| Amounts payable after more than one year17 | - | - | - | €0.2m | €0 | - | €0.1m | - |
| Financial debts170/4 | - | - | - | - | - | - | €0.1m | - |
| Other amounts payable178/9 | - | - | - | €0.2m | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.08m | €0.1m | €0.06m | €0.1m | €0.1m | €0.4m | ▲ 240% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.03m | - |
| Financial debts43 | - | - | - | - | - | - | €0.05m | - |
| Credit institutions430/8 | - | - | - | - | - | - | €0.05m | - |
| Trade debts44 | €0.08m | €0.06m | €0.09m | €0.009m | €0.02m | €0.01m | €0.007m | ▼ 29.8% |
| Suppliers440/4 | - | - | €0.09m | €0.009m | €0.02m | €0.01m | €0.007m | ▼ 29.8% |
| Taxes, remuneration and social security45 | - | - | €0.04m | €0.05m | €0.09m | €0.1m | €0.05m | ▼ 54.8% |
| Taxes450/3 | - | - | €0.03m | €0.04m | €0.09m | €0.1m | €0.05m | ▼ 55.2% |
| Remuneration and social security454/9 | - | - | €0.003m | €0.01m | €0 | - | €482 | - |
| Other amounts payable47/48 | - | - | €454 | €0 | - | - | €0.3m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.003m | €0.002m | €0.008m | ▲ 266% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,058 | €64,180 | €64,696 | €57,171 | €818,532 | €153,442 | €132,286 | ▼ 13.8% |
| + Depreciation and write-downs630 | €23,461 | €33,626 | €69,988 | €40,274 | €33,734 | €21,762 | €17,816 | ▼ 18.1% |
| Operating cash flow (approximation) | €100,519 | €97,806 | €134,684 | €97,444 | €852,267 | €175,204 | €150,101 | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | -€50,823 | -€52,232 | -€176,042 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,961 | €6,113 | €805 | -€5,269 | -€517 | €14,038 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-08-2026 | 2026-00447654 | |
| 31-12-2024 | abbreviated format | 29-09-2025 | 2025-00521972 | |
| 31-12-2023 | abbreviated format | 19-08-2024 | 2024-00380428 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00426547 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20399221 | |
| 31-03-2020 | abbreviated format | 30-11-2020 | 2020-73900494 | |
| 31-03-2019 | abbreviated format | 31-10-2019 | 2019-72600368 | |
| 31-03-2018 | abbreviated format | 30-10-2018 | 2018-71100522 | |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-69100079 | |
| 31-03-2016 | abbreviated format | 17-10-2016 | 2016-65800108 |