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MOBCO

Active
Private limited companyfounded 2010active for 16 yearsKerkberg 5, 1700 Dilbeek, BelgiumKBO/BCE: BE 0830.714.829

Financials · financial year 2025, full format

2025 annual accounts filed 70 days after the deadline Filed on 9 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00557481.

Annual accounts 2025 filed on 09-10-2026 at the NBB all 15 filings

Turnover
€13.7m▼ 17.1%
2024 · €16.5m
EBIT margin
3.7%▲ 3.6pp
2024 · 0.1%
Net result
€471,716
2024 · -€6,297
Working capital
€4.1m▼ 6.0%
2024 · €4.3m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€13.7m
▼ 17.1% 2025
20182025
Operating result
€499,495
▲ 38× 2025
20182025
Net result
€471,716
2025
highest quarter of the sector
20182025
EBIT margin
3.7%
▲ 3.6pp 2025
20182025
Equity
€1.5m
▲ 44.8% 2025
middle half of the sector
20182025
Total assets
€10.2m
▲ 13.1% 2025
highest quarter of the sector
20182025
Debt
€8.7m
▲ 8.9% 2025
20182025
Working capital
€4.1m
▼ 6.0% 2025
highest quarter of the sector
20182025
Solvency
15.0%
▲ 3.3pp 2025
middle half of the sector
20182025
Current ratio
1.74
▼ 0.47 2025
middle half of the sector
20182025
Return on assets (ROA)
4.6%
▲ 4.7pp 2025
middle half of the sector
20182025
Staff (FTE)
19.5
▼ 5.8% 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€12.5m€16.5m▲ 32.1%€13.7m▼ 17.1%
Operating result€0.5m-€0.3m▼ 38.3%€0.6m▲ 81.2%€0.5m▼ 2.7%€0.4m▼ 16.8%-€0.6m€0.01m€0.5m▲ 38×
Net result€0.3m-€0.2m▼ 45.5%€0.4mabove the sector's middle half▲ 131%€0.4mabove the sector's middle half▼ 4.4%€0.4mabove the sector's middle half▼ 8.6%-€0.6mbelow the sector's middle half-€0.006mbelow the sector's middle half▲ 98.9%€0.5mabove the sector's middle half
EBIT margin-4.9%0.1%▲ 5.0pp3.7%▲ 3.6pp
Equity€0.9m-€1.1m▲ 20.6%€1.1mabove the sector's middle half=€1.3mabove the sector's middle half▲ 17.5%€1.6mabove the sector's middle half▲ 29.8%€1.1mwithin the sector's middle half▼ 35.1%€1.1mwithin the sector's middle half▼ 0.6%€1.5mwithin the sector's middle half▲ 44.8%
Total assets€4.2m-€5.1m▲ 21.7%€5.3mabove the sector's middle half▲ 4.3%€6.0mabove the sector's middle half▲ 13.6%€6.9mabove the sector's middle half▲ 14.6%€5.6mabove the sector's middle half▼ 18.8%€9.0mabove the sector's middle half▲ 60.2%€10.2mabove the sector's middle half▲ 13.1%
Debt€3.3m-€4.0m▲ 22.0%€4.2m▲ 5.4%€4.8m▲ 12.6%€5.3m▲ 10.6%€4.6m▼ 13.8%€7.9m▲ 74.3%€8.7m▲ 8.9%
Working capital€2.5m-€3.0m▲ 19.5%€3.3mabove the sector's middle half▲ 11.0%€3.4mabove the sector's middle half▲ 2.6%€3.0mabove the sector's middle half▼ 9.9%€2.0mabove the sector's middle half▼ 33.2%€4.3mabove the sector's middle half▲ 114%€4.1mabove the sector's middle half▼ 6.0%
Solvency21.2%-21.0%▼ 0.2pp20.1%within the sector's middle half▼ 0.9pp20.8%within the sector's middle half▲ 0.7pp23.6%within the sector's middle half▲ 2.8pp18.8%within the sector's middle half▼ 4.7pp11.7%below the sector's middle half▼ 7.1pp15.0%within the sector's middle half▲ 3.3pp
Current ratio2.77-2.60▼ 0.172.94within the sector's middle half▲ 0.342.64within the sector's middle half▼ 0.302.08within the sector's middle half▼ 0.561.93within the sector's middle half▼ 0.152.21within the sector's middle half▲ 0.281.74within the sector's middle half▼ 0.47
Return on assets (ROA)8.0%-3.6%▼ 4.4pp7.9%within the sector's middle half▲ 4.4pp6.7%within the sector's middle half▼ 1.3pp5.3%within the sector's middle half▼ 1.4pp-10.2%below the sector's middle half▼ 15.5pp-0.1%below the sector's middle half▲ 10.1pp4.6%within the sector's middle half▲ 4.7pp
Staff (FTE)15.2-17.9▲ 17.8%16.1above the sector's middle half▼ 10.1%18.6above the sector's middle half▲ 15.5%19.9above the sector's middle half▲ 7.0%22.2within the sector's middle half▲ 11.6%20.7within the sector's middle half▼ 6.8%19.5within the sector's middle half▼ 5.8%
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 38 times that of 2024. It is the second rise in a row, after the fall in 2023.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.2m
Fixed assets €573,955 ▼ 47.1%
Current assets €9.6m ▲ 21.3%
Equity and liabilities €10.2m
Equity €1.5m ▲ 44.8%
Debt €8.7m ▲ 8.9%
Debt's share of the balance-sheet total falls from 88.3% to 85.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.2m▲
2024 · €809,801
Cash flow
€1.1m▲
2024 · €790,315
Quick ratio
1.74▼
2024 · 2.21
Debt to equity
5.68▼
2024 · 7.55
ROE
30.9%▲
2024 · -0.6%
Interest coverage
68.47▲
2024 · 46.77
Debt ≤ 1 year
€5.5m▲
2024 · €3.6m
Income taxes
€10,759▲
2024 · €3,649
Customer credit
166 days▲
2024 · 67 days
Supplier credit
168 days▲
2024 · 85 days
Staff costs
€2.2m▼
2024 · €2.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date2021212119
full-time1719171715
part-time32444
in full-time equivalents19.620.720.420.418.2
Average over the year, in full-time equivalents18.619.922.220.719.5
On a permanent contract2021212119
Joined46413
Left05415
Training hours8----

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€20,098€11,201€22,003--
Intangible fixed assets€460,012€844,081€959,306€465,584€140,765
Financial fixed assets€39,900----
Depreciation and write-downs of the year€231,083€386,284€653,867€796,611€650,835

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit--€26,852€24,500€26,000

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €41,080 awarded · €41,080 paid
Year Entries AwardedPaid
2025 1 €10,071€10,071
2024 1 €9,723€9,723
2023 1 €9,338€9,338
2022 2 €11,948€11,948
Schemes
4 entries · €39,591 · €39,591 paid · Departement Werk en Sociale Economie
1 entry · €1,489 · €1,489 paid · Vlaamse Dienst voor Arbeidsbemiddeling en Beroepsopleiding

Public contracts

4 awards · 2023
TABLETTES ET SMARTPHONES 2023-2024: Equipements iOS
buyer: HUmani SCOffice and computing machineryawarded 24-05-2023€40,0712 tendersTED 64350-2025
TABLETTES ET SMARTPHONES 2023-2024: Equipements Android
buyer: HUmani SCOffice and computing machineryawarded 24-05-2023€208,2201 tenderTED 64350-2025
TABLETTES ET SMARTPHONES 2023-2024: Equipements iOS
buyer: HUmani SCOffice and computing machineryawarded 24-05-2023€40,0712 tendersTED 752766-2023
TABLETTES ET SMARTPHONES 2023-2024: Equipements Android
buyer: HUmani SCOffice and computing machineryawarded 24-05-2023€208,2201 tenderTED 752766-2023

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 70 lines
Balance sheet Code20242025
Assets
Total assets20/58€9.0m€10.2m▲
Fixed assets21/28€1.1m€0.6m▼
Intangible fixed assets21€1.0m€0.5m▼
Tangible fixed assets22/27€0.02m€0.006m▼
Plant, machinery and equipment23€0.01m€0.002m▼
Furniture and vehicles24€236€0▼
Other tangible fixed assets26€0.006m€0.004m▼
Financial fixed assets28€0.06m€0.06m=
Other financial fixed assets284/8€0.06m€0.06m=
Amounts receivable and cash guarantees285/8€0.06m€0.06m=
Current assets29/58€7.9m€9.6m▲
Stocks and contracts in progress3€0.01m€0.005m▼
Stocks30/36€0.01m€0.005m▼
Goods purchased for resale34€0.01m€0.005m▼
Amounts receivable within one year40/41€3.7m€6.8m▲
Trade receivables40€3.0m€6.2m▲
Other amounts receivable41€0.6m€0.6m▲
Cash at bank and in hand54/58€1.8m€0.4m▼
Deferred charges and accrued income490/1€2.5m€2.4m▼
Equity and liabilities
Total equity and liabilities10/49€9.0m€10.2m▲
Equity10/15€1.1m€1.5m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.6m€0.6m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.02m€0.02m=
Distributable reserves133€0.6m€0.6m=
Profit (loss) carried forward14€0.4m€0.9m▲
Amounts payable17/49€7.9m€8.7m▲
Amounts payable within one year42/48€3.6m€5.5m▲
Financial debts43€131€124▼
Credit institutions430/8€131€0▼
Other loans439-€124
Trade debts44€3.0m€4.2m▲
Suppliers440/4€3.0m€4.2m▲
Taxes, remuneration and social security45€0.5m€1.1m▲
Taxes450/3€0.08m€0.7m▲
Remuneration and social security454/9€0.4m€0.4m▼
Other amounts payable47/48€0.2m€0.3m▲
Accrued charges and deferred income492/3€4.4m€3.1m▼
Income statement Code20242025
Operating income70/76A€16.8m€13.8m▼
Turnover70€16.5m€13.7m▼
Own construction capitalised72€0.3m€0.1m▼
Other operating income74€0.07m€0.07m▼
Operating charges60/66A€16.8m€13.3m▼
Goods for resale, raw materials and consumables60€12.7m€9.1m▼
Purchases600/8€12.7m€9.1m▼
Change in stocks: decrease (increase)609€0.006m€0.005m▼
Services and other goods61€1.1m€1.4m▲
Remuneration, social security and pensions62€2.3m€2.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.8m€0.7m▼
Other operating charges640/8€0.001m€0.002m▲
Operating profit (loss)9901€0.01m€0.5m▲
Financial income75/76B€0.03m€0.02m▼
Recurring financial income75€0.03m€0.02m▼
Income from current assets751€0.007m€0.005m▼
Other financial income752/9€0.02m€0.01m▼
Non-recurring financial income76B€0-
Financial charges65/66B€0.04m€0.03m▼
Recurring financial charges65€0.04m€0.03m▼
Debt charges650€0.02m€0.02m▼
Other financial charges652/9€0.02m€0.02m▼
Profit (loss) for the period before taxes9903-€0.003m€0.5m▲
Income taxes67/77€0.004m€0.01m▲
Taxes670/3€0.004m€0.01m▲
Profit (loss) for the period9904-€0.006m€0.5m▲
Profit (loss) for the period to be appropriated9905-€0.006m€0.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.9m▲
Profit (loss) brought forward from the previous period14P€0.4m€0.4m▼
Social balance sheet
Average headcount (FTE)908720.719.5▼

The notes to these accounts have 48 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 09-10-2026.

Line20182019202020212022202320242025Change
Operating income70/76A-----€13.0m€16.8m€13.8m▼ 17.8%
Turnover70-----€12.5m€16.5m€13.7m▼ 17.1%
Own construction capitalised72-----€0.5m€0.3m€0.1m▼ 60.1%
Other operating income74-----€0.06m€0.07m€0.07m▼ 6.2%
Operating charges60/66A-----€13.6m€16.8m€13.3m▼ 20.7%
Goods for resale, raw materials and consumables60-----€9.6m€12.7m€9.1m▼ 28.5%
Purchases600/8-----€9.6m€12.7m€9.1m▼ 28.5%
Change in stocks: decrease (increase)609------€393€0.006m€0.005m▼ 17.0%
Services and other goods61-----€1.1m€1.1m€1.4m▲ 29.9%
Remuneration, social security and pensions62---€1.5m€1.7m€2.2m€2.3m€2.2m▼ 1.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m€0.2m€0.2m€0.4m€0.7m€0.8m€0.7m▼ 18.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0-----
Other operating charges640/8---€0.006m€0.006m€0.006m€0.001m€0.002m▲ 84.6%
Non-recurring operating charges66A---€0.01m€0----
Gross operating margin9900€1.7m€2.0m€2.1m€2.3m€2.5m----
Operating profit (loss)9901€0.5m€0.3m€0.6m€0.5m€0.4m-€0.6m€0.01m€0.5m▲ 38×
Financial income75/76B---€0.01m€0.03m€0.06m€0.03m€0.02m▼ 40.7%
Recurring financial income75€0.02m€0.006m€0.04m€0.01m€0.03m€0.003m€0.03m€0.02m▼ 40.7%
Income from current assets751-----€0.001m€0.007m€0.005m▼ 33.8%
Other financial income752/9-----€0.002m€0.02m€0.01m▼ 43.2%
Non-recurring financial income76B-----€0.06m€0--
Financial charges65/66B---€0.02m€0.03m€0.02m€0.04m€0.03m▼ 22.6%
Recurring financial charges65€0.02m€0.01m€0.02m€0.02m€0.03m€0.02m€0.04m€0.03m▼ 22.6%
Debt charges650-----€0.01m€0.02m€0.02m▼ 3.0%
Other financial charges652/9-----€0.005m€0.02m€0.02m▼ 36.3%
Profit (loss) for the period before taxes9903€0.5m€0.3m€0.6m€0.5m€0.4m-€0.6m-€0.003m€0.5m-
Income taxes67/77€0.2m€0.1m€0.1m€0.1m€0.08m€0.004m€0.004m€0.01m▲ 195%
Taxes670/3-----€0.004m€0.004m€0.01m▲ 195%
Profit (loss) for the period9904€0.3m€0.2m€0.4m€0.4m€0.4m-€0.6m-€0.006m€0.5m-
Profit (loss) for the period to be appropriated9905€0.3m€0.2m€0.4m€0.4m€0.4m-€0.6m-€0.006m€0.5m-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€4.2m€5.1m€5.3m€6.0m€6.9m€5.6m€9.0m€10.2m▲ 13.1%
Formation expenses20€0--------
Fixed assets21/28€0.3m€0.3m€0.3m€0.6m€1.1m€1.4m€1.1m€0.6m▼ 47.1%
Intangible fixed assets21€0.01m€0.05m€0.2m€0.5m€1.0m€1.3m€1.0m€0.5m▼ 49.9%
Tangible fixed assets22/27€0.3m€0.2m€0.1m€0.05m€0.03m€0.03m€0.02m€0.006m▼ 61.7%
Plant, machinery and equipment23---€0.02m€0.02m€0.02m€0.01m€0.002m▼ 79.7%
Furniture and vehicles24---€0.02m€0.002m€0.001m€236€0▼ 100%
Other tangible fixed assets26---€0.01m€0.01m€0.009m€0.006m€0.004m▼ 32.0%
Financial fixed assets28€0.003m€0.003m€0.01m€0.05m€0.05m€0.06m€0.06m€0.06m=
Other financial fixed assets284/8-----€0.06m€0.06m€0.06m=
Amounts receivable and cash guarantees285/8-----€0.06m€0.06m€0.06m=
Current assets29/58€3.9m€4.8m€5.0m€5.4m€5.8m€4.2m€7.9m€9.6m▲ 21.3%
Stocks and contracts in progress3€0.005m€0.001m€0.009m€0.01m€0.02m€0.02m€0.01m€0.005m▼ 49.2%
Stocks30/36---€0.01m€0.02m€0.02m€0.01m€0.005m▼ 49.2%
Goods purchased for resale34-----€0.02m€0.01m€0.005m▼ 49.2%
Amounts receivable within one year40/41€2.0m€2.1m€2.3m€3.1m€3.3m€2.4m€3.7m€6.8m▲ 86.5%
Trade receivables40---€3.0m€3.3m€2.3m€3.0m€6.2m▲ 104%
Other amounts receivable41---€0.08m€0.03m€0.1m€0.6m€0.6m▲ 0.2%
Current investments50/53€0€0.001m€0.001m€0.001m€0----
Cash at bank and in hand54/58€1.0m€1.7m€1.3m€1.1m€1.0m€0.3m€1.8m€0.4m▼ 80.1%
Deferred charges and accrued income490/1---€1.2m€1.5m€1.4m€2.5m€2.4m▼ 2.3%
Equity and liabilities
Total equity and liabilities10/49€4.2m€5.1m€5.3m€6.0m€6.9m€5.6m€9.0m€10.2m▲ 13.1%
Equity10/15€0.9m€1.1m€1.1m€1.3m€1.6m€1.1m€1.1m€1.5m▲ 44.8%
Contributions10/11€0.01m€0.01m-€0.01m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.7m€0.9m€0.9m€0.6m€0.6m€0.6m€0.6m€0.6m=
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132---€0.02m€0.02m€0.02m€0.02m€0.02m=
Distributable reserves133---€0.6m€0.6m€0.6m€0.6m€0.6m=
Profit (loss) carried forward14€0.2m€0.2m€0.2m€0.6m€1.0m€0.4m€0.4m€0.9m▲ 120%
Provisions and deferred taxes16€0--------
Amounts payable17/49€3.3m€4.0m€4.2m€4.8m€5.3m€4.6m€7.9m€8.7m▲ 8.9%
Amounts payable after more than one year17€0.2m€0.1m€0.04m€0.005m€0----
Financial debts170/4---€0.005m€0----
Amounts payable within one year42/48€1.4m€1.9m€1.7m€2.1m€2.8m€2.2m€3.6m€5.5m▲ 54.4%
Current portion of amounts payable after more than one year42---€0.04m€0.005m€0---
Financial debts43------€131€124▼ 5.1%
Credit institutions430/8------€131€0▼ 100%
Other loans439-------€124-
Trade debts44€1.0m€1.3m€0.9m€1.5m€2.2m€1.6m€3.0m€4.2m▲ 41.2%
Suppliers440/4---€1.5m€2.2m€1.6m€3.0m€4.2m▲ 41.2%
Taxes, remuneration and social security45---€0.5m€0.6m€0.5m€0.5m€1.1m▲ 131%
Taxes450/3---€0.2m€0.2m€0.09m€0.08m€0.7m▲ 742%
Remuneration and social security454/9---€0.3m€0.3m€0.4m€0.4m€0.4m▼ 4.3%
Other amounts payable47/48---€0.009m€0.02m€0.07m€0.2m€0.3m▲ 75.8%
Accrued charges and deferred income492/3---€2.7m€2.5m€2.4m€4.4m€3.1m▼ 28.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.2m€0.4m€0.4m€0.4m-€0.6m-€0.006m€0.5m-
+ Depreciation and write-downs630€0.2m€0.2m€0.2m€0.2m€0.4m€0.7m€0.8m€0.7m▼ 18.3%
Operating cash flow (approximation)€0.5m€0.4m€0.6m€0.6m€0.8m€0.08m€0.8m€1.1m▲ 42.0%
Investment in fixed assets (approximation)--€0.2m-€0.2m-€0.5m-€0.9m-€1.0m-€0.5m-€0.1m▲ 69.8%
Change in cash-€0.7m-€0.4m-€0.2m-€0.2m-€0.6m€1.4m-€1.4m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 4,107 companies had the same profile as MOBCO has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
98.0% was still going
0.9% stopped otherwise
1.0% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MOBCO itself: 0.7% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 4,107 companies, not a prediction for MOBCO. 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.

Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 09-10-2026 2026-00557481 PDF
31-12-2024 full format 18-11-2025 2025-00569180 PDF
31-12-2023 full format 02-07-2025 2025-00225634 PDF
31-12-2022 abbreviated format 22-11-2023 2023-00514350 PDF
31-12-2021 abbreviated format 15-07-2022 2022-20197782 PDF
31-12-2020 abbreviated format 16-09-2021 2021-67400515 PDF
31-12-2019 abbreviated format 29-10-2020 2020-65400311 PDF
31-12-2018 abbreviated format 07-08-2019 2019-44600033 PDF
31-12-2017 abbreviated format 23-07-2018 2018-36700449 PDF
31-12-2016 abbreviated format 09-06-2017 2017-16200568 PDF

Show all 15 filings

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