ON EARTH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 5 filings
Turnover
≈ €160,000
Estimated: probably between €130,000 and €220,000
Total assets
€89,777▲ 18.8%
2024 · €75,570
Net result
€21,720▼ 20.8%
2024 · €27,418
Working capital
-€55,863▼ 139%
2024 · -€23,351
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€28,132
▼ 22.5%
2025
20212025
Net result
€21,720
▼ 20.8%
2025
middle half of the sector
20212025
Equity
€19,464
▼ 29.8%
2025
lowest quarter of the sector
20212025
Total assets
€89,777
▲ 18.8%
2025
middle half of the sector
20212025
Debt
€70,314
▲ 47.0%
2025
20212025
Working capital
-€55,863
▼ 139%
2025
lowest quarter of the sector
20212025
Solvency
21.7%
▼ 15.0pp
2025
lowest quarter of the sector
20212025
Current ratio
0.18
▼ 0.23
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
24.2%
▼ 12.1pp
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€2,001-€4,100▲ 105%€30,707▲ 649%€36,290▲ 18.2%€28,132▼ 22.5%
Net result€1,572below the sector's middle half-€2,837below the sector's middle half▲ 80.4%€25,917within the sector's middle half▲ 814%€27,418within the sector's middle half▲ 5.8%€21,720within the sector's middle half▼ 20.8%
Equity€11,572below the sector's middle half-€14,409below the sector's middle half▲ 24.5%€40,326within the sector's middle half▲ 180%€27,744within the sector's middle half▼ 31.2%€19,464below the sector's middle half▼ 29.8%
Total assets€44,978below the sector's middle half-€62,271below the sector's middle half▲ 38.4%€75,752within the sector's middle half▲ 21.6%€75,570within the sector's middle half▼ 0.2%€89,777within the sector's middle half▲ 18.8%
Debt€33,406-€47,862▲ 43.3%€35,426▼ 26.0%€47,826▲ 35.0%€70,314▲ 47.0%
Working capital-€1,893below the sector's middle half--€18,276below the sector's middle half▼ 865%-€1,691below the sector's middle half▲ 90.7%-€23,351below the sector's middle half▼ 1,281%-€55,863below the sector's middle half▼ 139%
Solvency25.7%below the sector's middle half-23.1%below the sector's middle half▼ 2.6pp53.2%within the sector's middle half▲ 30.1pp36.7%within the sector's middle half▼ 16.5pp21.7%below the sector's middle half▼ 15.0pp
Current ratio0.79below the sector's middle half-0.28below the sector's middle half▼ 0.510.92below the sector's middle half▲ 0.650.41below the sector's middle half▼ 0.510.18below the sector's middle half▼ 0.23
Return on assets (ROA)3.5%below the sector's middle half-4.6%within the sector's middle half▲ 1.1pp34.2%above the sector's middle half▲ 29.7pp36.3%above the sector's middle half▲ 2.1pp24.2%within the sector's middle half▼ 12.1pp
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 22% 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 €89,777
Fixed assets
€77,326 ▲ 30.8%
Current assets
€12,451 ▼ 24.3%
Equity and liabilities €89,777
Equity
€19,464 ▼ 29.8%
Debt
€70,314 ▲ 47.0%
Debt's share of the balance-sheet total rises from 63.3% to 78.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47,336▼
2024 · €49,767
Cash flow
€40,925▲
2024 · €40,895
Debt to equity
3.61▲
2024 · 1.72
ROE
111.6%▲
2024 · 98.8%
Interest coverage
78.09▲
2024 · 61.78
Debt ≤ 1 year
€68,314▲
2024 · €39,808
Debt > 1 year
€2,000▼
2024 · €8,018
Income taxes
€5,806▼
2024 · €8,067
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 | €38,562 | €24,633 | €10,793 | €17,425 | €37,418 |
| Financial fixed assets | - | - | - | €76 | - |
| Depreciation and write-downs of the year | €747 | €7,187 | €10,964 | €13,477 | €19,205 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €747 | €7,187 | €10,964 | €13,477 | €19,205 | ▲ 42.5% |
| Gross operating margin9900 | €2,748 | €11,287 | €41,671 | €49,767 | €47,336 | ▼ 4.9% |
| Operating profit (loss)9901 | €2,001 | €4,100 | €30,707 | €36,290 | €28,132 | ▼ 22.5% |
| Financial charges65/66B | €428 | €1,264 | €990 | €806 | €606 | ▼ 24.8% |
| Recurring financial charges65 | €428 | €1,264 | €990 | €806 | €606 | ▼ 24.8% |
| Profit (loss) for the period before taxes9903 | €1,572 | €2,837 | €29,717 | €35,484 | €27,525 | ▼ 22.4% |
| Income taxes67/77 | - | - | €3,800 | €8,067 | €5,806 | ▼ 28.0% |
| Profit (loss) for the period9904 | €1,572 | €2,837 | €25,917 | €27,418 | €21,720 | ▼ 20.8% |
| Profit (loss) for the period to be appropriated9905 | €1,572 | €2,837 | €25,917 | €27,418 | €21,720 | ▼ 20.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,978 | €62,271 | €75,752 | €75,570 | €89,777 | ▲ 18.8% |
| Fixed assets21/28 | €37,815 | €55,261 | €55,090 | €59,113 | €77,326 | ▲ 30.8% |
| Tangible fixed assets22/27 | €37,815 | €55,261 | €55,090 | €59,037 | €77,251 | ▲ 30.8% |
| Plant, machinery and equipment23 | €37,815 | €55,261 | €52,647 | €57,138 | €75,894 | ▲ 32.8% |
| Furniture and vehicles24 | - | - | €2,443 | €1,900 | €1,356 | ▼ 28.6% |
| Financial fixed assets28 | - | - | - | €76 | €76 | = |
| Current assets29/58 | €7,163 | €7,010 | €20,662 | €16,456 | €12,451 | ▼ 24.3% |
| Amounts receivable within one year40/41 | €2,680 | €4,884 | €12,559 | €13,213 | €11,514 | ▼ 12.9% |
| Trade receivables40 | - | €3,623 | €12,559 | €13,213 | €10,514 | ▼ 20.4% |
| Other amounts receivable41 | €2,680 | €1,261 | - | - | €1,000 | - |
| Cash at bank and in hand54/58 | €4,483 | €2,126 | €8,103 | €3,244 | €937 | ▼ 71.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,978 | €62,271 | €75,752 | €75,570 | €89,777 | ▲ 18.8% |
| Equity10/15 | €11,572 | €14,409 | €40,326 | €27,744 | €19,464 | ▼ 29.8% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | - | - | - | - | - |
| Issued capital100 | €10,000 | - | - | - | - | - |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | €100 | €100 | = |
| Legal reserve130 | €100 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €1,472 | €4,309 | €30,226 | €17,644 | €9,364 | ▼ 46.9% |
| Amounts payable17/49 | €33,406 | €47,862 | €35,426 | €47,826 | €70,314 | ▲ 47.0% |
| Amounts payable after more than one year17 | €24,350 | €22,577 | €13,073 | €8,018 | €2,000 | ▼ 75.1% |
| Financial debts170/4 | €24,350 | €22,577 | €13,073 | €6,018 | - | - |
| Other amounts payable178/9 | - | - | - | €2,000 | €2,000 | = |
| Amounts payable within one year42/48 | €9,056 | €25,286 | €22,353 | €39,808 | €68,314 | ▲ 71.6% |
| Current portion of amounts payable after more than one year42 | €6,533 | €9,502 | €9,504 | €7,054 | €6,018 | ▼ 14.7% |
| Trade debts44 | €277 | - | €364 | €1,359 | €477 | ▼ 64.9% |
| Suppliers440/4 | €277 | - | €364 | €1,359 | €477 | ▼ 64.9% |
| Taxes, remuneration and social security45 | - | €30 | €6,767 | €4,994 | €3,882 | ▼ 22.3% |
| Taxes450/3 | - | €30 | €6,767 | €4,390 | €3,882 | ▼ 11.6% |
| Remuneration and social security454/9 | - | - | - | €604 | - | - |
| Other amounts payable47/48 | €2,246 | €15,754 | €5,718 | €26,400 | €57,937 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,572 | €2,837 | €25,917 | €27,418 | €21,720 | ▼ 20.8% |
| + Depreciation and write-downs630 | €747 | €7,187 | €10,964 | €13,477 | €19,205 | ▲ 42.5% |
| Operating cash flow (approximation) | €2,319 | €10,024 | €36,880 | €40,895 | €40,925 | ▲ 0.1% |
| Investment in fixed assets (approximation) | - | -€24,633 | -€10,793 | -€17,501 | -€37,418 | ▼ 114% |
| Change in cash | - | -€2,357 | €5,977 | -€4,859 | -€2,307 | ▲ 52.5% |
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, 6,713 companies had the same profile as ON EARTH has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ON EARTH itself: 0.5% 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 6,713 companies, not a prediction for ON EARTH. 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 | 2026-00215798 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00188876 | |
| 31-12-2023 | micro format | 23-09-2024 | 2024-00473963 | |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00235410 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20391174 |