Nedbit
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-01-2026 PDF all 12 filings
Turnover
≈ €210,000
Estimated: probably between €190,000 and €260,000
Total assets
€599,339▲ 6.0%
2024 · €565,381
Net result
€61,190▲ 6.7%
2024 · €57,342
Working capital
€191,013▲ 26.2%
2024 · €151,361
In the rankings
#7 company by total assets in Lede, Telecoms and IT sector#7 company by equity in Lede, Telecoms and IT sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€88,063
▲ 4.2%
2025
20192025
Net result
€61,190
▲ 6.7%
2025
highest quarter of the sector
20192025
Equity
€376,081
▲ 19.4%
2025
highest quarter of the sector
20192025
Total assets
€599,339
▲ 6.0%
2025
highest quarter of the sector
20192025
Debt
€223,258
▼ 10.9%
2025
20192025
Working capital
€191,013
▲ 26.2%
2025
highest quarter of the sector
20192025
Solvency
62.7%
▲ 7.1pp
2025
middle half of the sector
20192025
Current ratio
4.74
▲ 1.18
2025
middle half of the sector
20192025
Return on assets (ROA)
10.2%
▲ 0.1pp
2025
middle half of the sector
20192025
Staff (FTE)
1
=
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€49,618-€81,880▲ 65.0%€358,086▲ 337%€10,858▼ 97.0%€53,812▲ 396%€84,480▲ 57.0%€88,063▲ 4.2%
Net result€33,145-€55,779above the sector's middle half▲ 68.3%€138,798above the sector's middle half▲ 149%€8,269within the sector's middle half▼ 94.0%€36,989within the sector's middle half▲ 347%€57,342above the sector's middle half▲ 55.0%€61,190above the sector's middle half▲ 6.7%
Equity€62,165-€117,945within the sector's middle half▲ 89.7%€256,743above the sector's middle half▲ 118%€246,015above the sector's middle half▼ 4.2%€272,694above the sector's middle half▲ 10.8%€314,891above the sector's middle half▲ 15.5%€376,081above the sector's middle half▲ 19.4%
Total assets€249,128-€297,806above the sector's middle half▲ 19.5%€357,895above the sector's middle half▲ 20.2%€537,234above the sector's middle half▲ 50.1%€538,379above the sector's middle half▲ 0.2%€565,381above the sector's middle half▲ 5.0%€599,339above the sector's middle half▲ 6.0%
Debt€186,963-€179,861▼ 3.8%€101,152▼ 43.8%€291,219▲ 188%€265,685▼ 8.8%€250,489▼ 5.7%€223,258▼ 10.9%
Working capital€30,551-€80,687within the sector's middle half▲ 164%€209,605above the sector's middle half▲ 160%€129,885above the sector's middle half▼ 38.0%€131,353above the sector's middle half▲ 1.1%€151,361above the sector's middle half▲ 15.2%€191,013above the sector's middle half▲ 26.2%
Solvency25.0%-39.6%within the sector's middle half▲ 14.7pp71.7%within the sector's middle half▲ 32.1pp45.8%within the sector's middle half▼ 25.9pp50.7%within the sector's middle half▲ 4.9pp55.7%within the sector's middle half▲ 5.0pp62.7%within the sector's middle half▲ 7.1pp
Current ratio1.68-2.52within the sector's middle half▲ 0.833.43within the sector's middle half▲ 0.913.55within the sector's middle half▲ 0.123.45within the sector's middle half▼ 0.103.56within the sector's middle half▲ 0.114.74within the sector's middle half▲ 1.18
Return on assets (ROA)13.3%-18.7%within the sector's middle half▲ 5.4pp38.8%above the sector's middle half▲ 20.1pp1.5%below the sector's middle half▼ 37.2pp6.9%within the sector's middle half▲ 5.3pp10.1%within the sector's middle half▲ 3.3pp10.2%within the sector's middle half▲ 0.1pp
Staff (FTE)0.8-0.5below the sector's middle half▼ 37.5%0.5=1▲ 100%1=1=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 4% higher than in 2024. It is the third rise in a row, after the fall in 2022.
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 €599,339
Fixed assets
€357,284 ▲ 0.7%
Current assets
€242,056 ▲ 15.0%
Equity and liabilities €599,339
Equity
€376,081 ▲ 19.4%
Debt
€223,258 ▼ 10.9%
Debt's share of the balance-sheet total falls from 44.3% to 37.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107,898▲
2024 · €100,663
Cash flow
€81,025▲
2024 · €73,526
Debt to equity
0.59▼
2024 · 0.80
ROE
16.3%▼
2024 · 18.2%
Interest coverage
27.28▲
2024 · 21.72
Debt ≤ 1 year
€51,042▼
2024 · €59,133
Debt > 1 year
€170,201▼
2024 · €191,356
Income taxes
€23,489▲
2024 · €22,503
Staff costs
€25,550▲
2024 · €24,918
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 0.5 | 0.5 | 0.5 | 0.5 |
| Average over the year, in full-time equivalents | 0.5 | 0.5 | 0.5 | 0.5 |
| On a permanent contract | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €304,659 | €12,262 | €17,712 | €22,232 |
| Financial fixed assets | - | €68 | - | - |
| Depreciation and write-downs of the year | €10,145 | €15,357 | €16,184 | €19,835 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €19,956 | €22,588 | €24,918 | €25,550 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,677 | €10,470 | €1,838 | €10,145 | €15,357 | €16,184 | €19,835 | ▲ 22.6% |
| Other operating charges640/8 | - | - | - | €54,319 | €30,051 | €9,682 | €642 | ▼ 93.4% |
| Gross operating margin9900 | €92,401 | €129,427 | €391,943 | €95,278 | €121,808 | €135,263 | €134,091 | ▼ 0.9% |
| Operating profit (loss)9901 | €49,618 | €81,880 | €358,086 | €10,858 | €53,812 | €84,480 | €88,063 | ▲ 4.2% |
| Financial income75/76B | - | - | - | €3,716 | €818 | - | €571 | - |
| Recurring financial income75 | €63 | €597 | €3,977 | €3,716 | €818 | - | €571 | - |
| Financial charges65/66B | - | - | - | €3,300 | €3,709 | €4,634 | €3,955 | ▼ 14.6% |
| Recurring financial charges65 | €5,852 | €5,207 | €5,280 | €3,300 | €3,709 | €4,634 | €3,955 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €43,829 | €77,270 | €197,528 | €11,273 | €50,921 | €79,845 | €84,679 | ▲ 6.1% |
| Income taxes67/77 | €10,685 | €21,491 | €58,729 | €3,004 | €13,932 | €22,503 | €23,489 | ▲ 4.4% |
| Profit (loss) for the period9904 | €33,145 | €55,779 | €138,798 | €8,269 | €36,989 | €57,342 | €61,190 | ▲ 6.7% |
| Profit (loss) for the period to be appropriated9905 | €33,145 | €55,779 | €138,798 | €8,269 | €36,989 | €57,342 | €61,190 | ▲ 6.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €249,128 | €297,806 | €357,895 | €537,234 | €538,379 | €565,381 | €599,339 | ▲ 6.0% |
| Fixed assets21/28 | €173,864 | €163,961 | €61,939 | €356,453 | €353,425 | €354,887 | €357,284 | ▲ 0.7% |
| Tangible fixed assets22/27 | €173,833 | €163,931 | €61,939 | €356,453 | €353,358 | €354,887 | €357,284 | ▲ 0.7% |
| Land and buildings22 | - | - | - | €350,678 | €349,356 | €341,164 | €347,042 | ▲ 1.7% |
| Plant, machinery and equipment23 | - | - | - | €5,082 | €3,467 | €4,681 | €3,198 | ▼ 31.7% |
| Furniture and vehicles24 | - | - | - | €693 | €535 | €9,042 | €7,044 | ▼ 22.1% |
| Financial fixed assets28 | €30 | €30 | - | - | €68 | - | - | - |
| Current assets29/58 | €75,264 | €133,845 | €295,956 | €180,781 | €184,953 | €210,494 | €242,056 | ▲ 15.0% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €19,531 | - |
| Other amounts receivable291 | - | - | - | - | - | - | €19,531 | - |
| Amounts receivable within one year40/41 | €35,919 | €47,475 | €145,474 | €51,215 | €52,244 | €48,616 | €35,875 | ▼ 26.2% |
| Trade receivables40 | - | - | - | €19,908 | €21,538 | €48,616 | €35,875 | ▼ 26.2% |
| Other amounts receivable41 | - | - | - | €31,307 | €30,706 | - | - | - |
| Current investments50/53 | €3,600 | €5,700 | €16,200 | €16,200 | €22,600 | €22,600 | €22,600 | = |
| Cash at bank and in hand54/58 | €34,815 | €80,579 | €134,282 | €111,921 | €107,517 | €138,287 | €162,450 | ▲ 17.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,444 | €2,593 | €992 | €1,599 | ▲ 61.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €249,128 | €297,806 | €357,895 | €537,234 | €538,379 | €565,381 | €599,339 | ▲ 6.0% |
| Equity10/15 | €62,165 | €117,945 | €256,743 | €246,015 | €272,694 | €314,891 | €376,081 | ▲ 19.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €58,216 | €111,745 | €250,543 | €239,815 | €266,494 | €308,691 | €369,881 | ▲ 19.8% |
| Distributable reserves133 | - | - | - | €239,815 | €266,494 | €308,691 | €369,881 | ▲ 19.8% |
| Profit (loss) carried forward14 | -€2,250 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €186,963 | €179,861 | €101,152 | €291,219 | €265,685 | €250,489 | €223,258 | ▼ 10.9% |
| Amounts payable after more than one year17 | €142,249 | €126,703 | €13,965 | €237,726 | €210,647 | €191,356 | €170,201 | ▼ 11.1% |
| Financial debts170/4 | - | - | - | €237,726 | €210,647 | €191,356 | €170,201 | ▼ 11.1% |
| Amounts payable within one year42/48 | €44,714 | €53,158 | €86,351 | €50,896 | €53,600 | €59,133 | €51,042 | ▼ 13.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €31,915 | €24,400 | €24,727 | €26,567 | ▲ 7.4% |
| Trade debts44 | €1,403 | €2,425 | €6,997 | €3,127 | €3,788 | €3,354 | €2,435 | ▼ 27.4% |
| Suppliers440/4 | - | - | - | €3,127 | €3,788 | €3,354 | €2,435 | ▼ 27.4% |
| Taxes, remuneration and social security45 | - | - | - | €15,853 | €25,413 | €21,388 | €21,242 | ▼ 0.7% |
| Taxes450/3 | - | - | - | €13,362 | €22,685 | €18,465 | €14,055 | ▼ 23.9% |
| Remuneration and social security454/9 | - | - | - | €2,491 | €2,728 | €2,923 | €7,187 | ▲ 146% |
| Other amounts payable47/48 | - | - | - | - | - | €9,664 | €798 | ▼ 91.7% |
| Accrued charges and deferred income492/3 | - | - | - | €2,597 | €1,438 | - | €2,014 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,145 | €55,779 | €138,798 | €8,269 | €36,989 | €57,342 | €61,190 | ▲ 6.7% |
| + Depreciation and write-downs630 | €11,677 | €10,470 | €1,838 | €10,145 | €15,357 | €16,184 | €19,835 | ▲ 22.6% |
| Operating cash flow (approximation) | €44,821 | €66,250 | €140,637 | €18,414 | €52,346 | €73,526 | €81,025 | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | -€568 | €100,184 | -€304,659 | -€12,330 | -€17,645 | -€22,232 | ▼ 26.0% |
| Change in cash | - | €45,764 | €53,703 | -€22,360 | -€4,405 | €30,770 | €24,163 | ▼ 21.5% |
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 Nedbit 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 Nedbit 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 Nedbit. 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 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00014814 | |
| 30-06-2024 | micro format | 29-01-2025 | 2025-00016475 | |
| 30-06-2023 | micro format | 08-02-2024 | 2024-00028597 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00009125 | |
| 30-06-2021 | micro format | 26-01-2022 | 2022-02100324 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-03300406 | |
| 30-06-2019 | micro format | 14-01-2020 | 2020-01600175 | |
| 30-06-2018 | micro format | 15-01-2019 | 2019-01400549 | |
| 30-06-2017 | micro format | 26-01-2018 | 2018-02500486 | |
| 30-06-2016 | abbreviated format | 13-01-2017 | 2017-01500299 |