NASCOM
InactiveFinancials · financial year 2025, abbreviated format
Equity
€300,440▲ 34.5%
2024 · €223,404
Total assets
€724,273▲ 63.5%
2024 · €442,851
Net result
€77,036▲ 99.2%
2024 · €38,664
Working capital
€250,218▲ 29.1%
2024 · €193,886
Trend over the years
2022 to 2025, 5 financial years 2019 to 2025, 8 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€115,133
2025
Net result€77,036
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€724,273
2025
Equity€300,440
2025
Debt€423,833
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€250,218
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)15
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420242025
Operating result€127,407-€166,049▲ 30.3%€209,971▲ 26.5%€106,590▼ 49.2%€52,339▼ 50.9%€77,970▲ 49.0%€56,526-€115,133▲ 104%
Net result€104,594-€141,706▲ 35.5%€144,581▲ 2.0%€82,875▼ 42.7%€28,589▼ 65.5%€47,244▲ 65.3%€38,664-€77,036▲ 99.2%
Equity€74,744-€91,451▲ 22.4%€161,031▲ 76.1%€168,906▲ 4.9%€172,495▲ 2.1%€184,740▲ 7.1%€223,404-€300,440▲ 34.5%
Total assets€518,965-€428,914▼ 17.4%€482,719▲ 12.5%€635,787▲ 31.7%€578,805▼ 9.0%€517,246▼ 10.6%€442,851-€724,273▲ 63.5%
Debt€444,221-€337,464▼ 24.0%€321,688▼ 4.7%€466,882▲ 45.1%€406,309▼ 13.0%€332,506▼ 18.2%€219,448-€423,833▲ 93.1%
Working capital€1,019-€27,739▲ 27×€107,781▲ 289%€118,999▲ 10.4%€137,536▲ 15.6%€163,603▲ 19.0%€193,886-€250,218▲ 29.1%
Staff (FTE)11.9-11.1▼ 6.7%10.8▼ 2.7%9.8▼ 9.3%10.6▲ 8.2%10.6=11.2-15▲ 33.9%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €724,273
Fixed assets
€66,604 ▲ 95.4%
Current assets
€657,668 ▲ 60.9%
Equity and liabilities €724,273
Equity
€300,440 ▲ 34.5%
Debt
€423,833 ▲ 93.1%
Debt's share of the balance-sheet total rises from 49.6% to 58.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€130,122▲
2024 · €63,224
Cash flow
€92,025▲
2024 · €45,362
Current ratio
1.61▼
2024 · 1.90
Quick ratio
1.60▼
2024 · 1.90
Debt to equity
1.41▲
2024 · 0.98
ROE
25.6%▲
2024 · 17.3%
ROA
10.6%▲
2024 · 8.7%
Interest coverage
over 100▲
2024 · 44.84
Debt ≤ 1 year
€407,450▲
2024 · €214,873
Income taxes
€37,149▲
2024 · €18,325
Staff costs
€1.1m▲
2024 · €394,756
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.6m | €0.8m | €0.8m | €0.4m | €1.1m | ▲ 185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.01m | €0.01m | €0.01m | €0.01m | €0.007m | €0.01m | ▲ 124% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€0.03m | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €64 | €0.03m | €0.008m | €0.004m | €0.01m | ▲ 146% |
| Gross operating margin9900 | €0.9m | €0.9m | €0.9m | €0.7m | €0.8m | €0.9m | €0.5m | €1.3m | ▲ 174% |
| Operating profit (loss)9901 | €0.1m | €0.2m | €0.2m | €0.1m | €0.05m | €0.08m | €0.06m | €0.1m | ▲ 104% |
| Financial income75/76B | - | - | - | €8 | €0 | €8 | €0.002m | €0 | ▼ 100.0% |
| Recurring financial income75 | €1 | €100 | €31 | €8 | €0 | €8 | €0.002m | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €0.004m | €0.001m | €0.002m | €0.001m | €0.001m | ▼ 32.8% |
| Recurring financial charges65 | €0.009m | €0.009m | €0.004m | €0.004m | €0.001m | €0.002m | €0.001m | €0.001m | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.2m | €0.2m | €0.1m | €0.05m | €0.08m | €0.06m | €0.1m | ▲ 100% |
| Income taxes67/77 | €0.01m | €0.02m | €0.06m | €0.02m | €0.02m | €0.03m | €0.02m | €0.04m | ▲ 103% |
| Profit (loss) for the period9904 | €0.1m | €0.1m | €0.1m | €0.08m | €0.03m | €0.05m | €0.04m | €0.08m | ▲ 99.2% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.1m | €0.1m | €0.08m | €0.03m | €0.05m | €0.04m | €0.08m | ▲ 99.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €518,965 | €428,914 | €482,719 | €635,787 | €578,805 | €517,246 | €442,851 | €724,273 | ▲ 63.5% |
| Fixed assets21/28 | €74,338 | €64,517 | €53,443 | €49,907 | €40,257 | €34,083 | €34,092 | €66,604 | ▲ 95.4% |
| Intangible fixed assets21 | €58,959 | €29,065 | €23,828 | €18,591 | €13,354 | €8,117 | €5,477 | €41,872 | ▲ 664% |
| Tangible fixed assets22/27 | €6,429 | €26,601 | €20,765 | €15,535 | €18,053 | €17,116 | €19,465 | €15,582 | ▼ 19.9% |
| Furniture and vehicles24 | - | - | - | €14,425 | €17,498 | €17,116 | €19,465 | €15,582 | ▼ 19.9% |
| Other tangible fixed assets26 | - | - | - | €1,111 | €555 | €0 | - | - | - |
| Financial fixed assets28 | €8,950 | €8,850 | €8,850 | €15,780 | €8,850 | €8,850 | €9,150 | €9,150 | = |
| Current assets29/58 | €444,627 | €364,398 | €429,276 | €585,881 | €538,547 | €483,163 | €408,759 | €657,668 | ▲ 60.9% |
| Stocks and contracts in progress3 | €63,154 | €17,337 | €18,596 | €7,536 | €1,779 | €1,415 | €0 | €6,871 | - |
| Contracts in progress37 | - | - | - | €7,536 | €1,779 | €1,415 | €0 | €6,871 | - |
| Amounts receivable within one year40/41 | €295,504 | €170,279 | €294,409 | €463,893 | €394,179 | €363,195 | €370,215 | €569,853 | ▲ 53.9% |
| Trade receivables40 | - | - | - | €463,893 | €327,928 | €286,195 | €208,539 | €418,002 | ▲ 100% |
| Other amounts receivable41 | - | - | - | - | €66,251 | €77,000 | €161,675 | €151,851 | ▼ 6.1% |
| Cash at bank and in hand54/58 | €80,992 | €172,584 | €110,001 | €109,181 | €136,676 | €112,680 | €31,415 | €69,060 | ▲ 120% |
| Deferred charges and accrued income490/1 | - | - | - | €5,270 | €5,913 | €5,873 | €7,129 | €11,885 | ▲ 66.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €518,965 | €428,914 | €482,719 | €635,787 | €578,805 | €517,246 | €442,851 | €724,273 | ▲ 63.5% |
| Equity10/15 | €74,744 | €91,451 | €161,031 | €168,906 | €172,495 | €184,740 | €223,404 | €300,440 | ▲ 34.5% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | - | - | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | - | - | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €12,244 | €28,951 | €98,531 | €106,406 | €109,995 | €122,240 | €160,904 | €237,940 | ▲ 47.9% |
| Non-distributable reserves130/1 | - | - | - | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | - | - | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Distributable reserves133 | - | - | - | €100,156 | €103,745 | €115,990 | €154,654 | €231,690 | ▲ 49.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €444,221 | €337,464 | €321,688 | €466,882 | €406,309 | €332,506 | €219,448 | €423,833 | ▲ 93.1% |
| Amounts payable within one year42/48 | €443,608 | €336,658 | €321,495 | €466,882 | €401,012 | €319,560 | €214,873 | €407,450 | ▲ 89.6% |
| Financial debts43 | - | - | - | €28,660 | €53,708 | €23,959 | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | €20,315 | €23,959 | €0 | - | - |
| Other loans439 | - | - | - | €28,660 | €33,393 | €0 | - | - | - |
| Trade debts44 | €87,515 | €61,315 | €57,852 | €178,309 | €99,317 | €108,426 | €33,173 | €47,284 | ▲ 42.5% |
| Suppliers440/4 | - | - | - | €178,309 | €99,317 | €108,426 | €33,173 | €47,284 | ▲ 42.5% |
| Advances received on contracts in progress46 | - | - | - | €78,479 | €85,843 | €85,722 | €58,961 | €156,286 | ▲ 165% |
| Taxes, remuneration and social security45 | - | - | - | €106,434 | €137,144 | €101,453 | €102,107 | €203,880 | ▲ 99.7% |
| Taxes450/3 | - | - | - | €24,715 | €30,701 | €9,011 | €16,781 | €53,621 | ▲ 220% |
| Remuneration and social security454/9 | - | - | - | €81,719 | €106,443 | €92,442 | €85,326 | €150,260 | ▲ 76.1% |
| Other amounts payable47/48 | - | - | - | €75,000 | €25,000 | €0 | €20,632 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €5,297 | €12,946 | €4,574 | €16,383 | ▲ 258% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,594 | €141,706 | €144,581 | €82,875 | €28,589 | €47,244 | €38,664 | €77,036 | ▲ 99.2% |
| + Depreciation and write-downs630 | €36,597 | €39,607 | €12,864 | €11,474 | €12,572 | €14,875 | €6,698 | €14,989 | ▲ 124% |
| Operating cash flow (approximation) | €141,191 | €181,313 | €157,445 | €94,349 | €41,161 | €62,120 | €45,362 | €92,025 | ▲ 103% |
| Investment in fixed assets (approximation) | - | -€29,786 | -€1,791 | -€7,938 | -€2,922 | -€8,701 | - | -€47,501 | - |
| Change in cash | - | €91,592 | -€62,583 | -€820 | €27,495 | -€23,997 | - | €37,645 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-04-2026 | 2026-00079234 |
| 31-12-2024 | abbreviated format | 08-05-2025 | 2025-00091940 |
| 30-06-2024 | abbreviated format | 17-12-2024 | 2024-00618322 |
| 30-06-2023 | abbreviated format | 14-12-2023 | 2023-00528936 |
| 30-06-2022 | abbreviated format | 21-12-2022 | 2022-20542402 |
| 30-06-2021 | abbreviated format | 25-10-2021 | 2021-73300348 |
| 30-06-2020 | abbreviated format | 29-10-2020 | 2020-64600545 |
| 30-06-2019 | abbreviated format | 11-12-2019 | 2019-75800209 |
| 30-06-2018 | abbreviated format | 12-12-2018 | 2018-74200570 |
| 30-06-2017 | abbreviated format | 05-12-2017 | 2017-71100531 |
Subsidies and aid
Flemish government
2023 to 2025 · 5 entries · €22,201 awarded · €22,201 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €19,125 | €19,125 |
| 2024 | 2 | €776 | €776 |
| 2023 | 1 | €2,300 | €2,300 |
Public contracts
2 awards · 2024 to 2025
Raamovereenkomst websitebeheer en -uitbouw: 2025/051 - 1: Ontwikkeling en beheer Drupalwebsites en hosting Drupalwebsites en dataplatform
Hosting en onderhoud van de websites van Toerisme Oost-Vlaanderen
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.