ONELOG
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410124.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 12 filings
Turnover
≈ €77,000
Estimated: probably between €41,000 and €150,000
Total assets
€116,091▼ 13.6%
2024 · €134,347
Net result
€8,642▼ 54.2%
2024 · €18,858
Working capital
€57,582▲ 17.7%
2024 · €48,940
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€13,184
▼ 49.4%
2025
20182025
Net result
€8,642
▼ 54.2%
2025
middle half of the sector
20182025
Equity
€57,582
▲ 17.7%
2025
middle half of the sector
20182025
Total assets
€116,091
▼ 13.6%
2025
middle half of the sector
20182025
Debt
€58,509
▼ 31.5%
2025
20182025
Working capital
€57,582
▲ 17.7%
2025
middle half of the sector
20182025
Solvency
49.6%
▲ 13.2pp
2025
middle half of the sector
20182025
Current ratio
1.98
▲ 0.41
2025
middle half of the sector
20182025
Return on assets (ROA)
7.4%
▼ 6.6pp
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
Operating result€11,825-€2,092▼ 82.3%€573▼ 72.6%€1,596▲ 179%€33,355▲ 21×€21,710▼ 34.9%€26,079▲ 20.1%€13,184▼ 49.4%
Net result€11,368-€1,216▼ 89.3%€426below the sector's middle half▼ 65.0%€1,171below the sector's middle half▲ 175%€22,140within the sector's middle half▲ 19×€14,387within the sector's middle half▼ 35.0%€18,858within the sector's middle half▲ 31.1%€8,642within the sector's middle half▼ 54.2%
Equity€8,742-€9,957▲ 13.9%€10,383below the sector's middle half▲ 4.3%€11,555below the sector's middle half▲ 11.3%€33,695within the sector's middle half▲ 192%€48,082within the sector's middle half▲ 42.7%€48,940within the sector's middle half▲ 1.8%€57,582within the sector's middle half▲ 17.7%
Total assets€61,817-€43,263▼ 30.0%€55,097below the sector's middle half▲ 27.4%€67,423below the sector's middle half▲ 22.4%€73,091within the sector's middle half▲ 8.4%€122,471within the sector's middle half▲ 67.6%€134,347within the sector's middle half▲ 9.7%€116,091within the sector's middle half▼ 13.6%
Debt€53,075-€33,305▼ 37.2%€44,714▲ 34.3%€55,868▲ 24.9%€39,396▼ 29.5%€74,389▲ 88.8%€85,407▲ 14.8%€58,509▼ 31.5%
Working capital€7,467-€9,131▲ 22.3%€9,246below the sector's middle half▲ 1.3%€10,429below the sector's middle half▲ 12.8%€33,147within the sector's middle half▲ 218%€48,077within the sector's middle half▲ 45.0%€48,940within the sector's middle half▲ 1.8%€57,582within the sector's middle half▲ 17.7%
Solvency14.1%-23.0%▲ 8.9pp18.8%below the sector's middle half▼ 4.2pp17.1%below the sector's middle half▼ 1.7pp46.1%within the sector's middle half▲ 29.0pp39.3%within the sector's middle half▼ 6.8pp36.4%within the sector's middle half▼ 2.8pp49.6%within the sector's middle half▲ 13.2pp
Current ratio1.14-1.27▲ 0.131.21below the sector's middle half▼ 0.071.19below the sector's middle half▼ 0.021.84within the sector's middle half▲ 0.651.65within the sector's middle half▼ 0.201.57within the sector's middle half▼ 0.071.98within the sector's middle half▲ 0.41
Return on assets (ROA)18.4%-2.8%▼ 15.6pp0.8%below the sector's middle half▼ 2.0pp1.7%below the sector's middle half▲ 1.0pp30.3%above the sector's middle half▲ 28.6pp11.7%within the sector's middle half▼ 18.5pp14.0%within the sector's middle half▲ 2.3pp7.4%within the sector's middle half▼ 6.6pp
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 49% 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
Equity and liabilities €116,091
Equity
€57,582 ▲ 17.7%
Debt
€58,509 ▼ 31.5%
Debt's share of the balance-sheet total falls from 63.6% to 50.4%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
1.02▼
2024 · 1.75
ROE
15.0%▼
2024 · 38.5%
Debt ≤ 1 year
€58,509▼
2024 · €85,407
Income taxes
€4,332▼
2024 · €7,082
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 | €883 | - | - | - | - |
| Depreciation and write-downs of the year | €896 | €578 | €543 | €5 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €181 | €504 | €538 | €896 | €578 | €543 | €5 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €360 | -€840 | - | €940 | -€489 | - |
| Other operating charges640/8 | - | - | - | €348 | €1,188 | €384 | €387 | €1,549 | ▲ 300% |
| Gross operating margin9900 | €12,364 | €3,003 | €1,939 | €3,200 | €34,280 | €22,637 | €27,412 | €14,244 | ▼ 48.0% |
| Operating profit (loss)9901 | €11,825 | €2,092 | €573 | €1,596 | €33,355 | €21,710 | €26,079 | €13,184 | ▼ 49.4% |
| Financial income75/76B | - | - | - | - | - | €128 | - | - | - |
| Recurring financial income75 | - | - | €73 | - | - | €128 | - | - | - |
| Financial charges65/66B | - | - | - | €79 | €116 | €197 | €139 | €210 | ▲ 50.8% |
| Recurring financial charges65 | €78 | €81 | €78 | €79 | €116 | €197 | €139 | €210 | ▲ 50.8% |
| Profit (loss) for the period before taxes9903 | €11,747 | €2,011 | €567 | €1,517 | €33,239 | €21,641 | €25,940 | €12,974 | ▼ 50.0% |
| Income taxes67/77 | €378 | €795 | €141 | €346 | €11,099 | €7,254 | €7,082 | €4,332 | ▼ 38.8% |
| Profit (loss) for the period9904 | €11,368 | €1,216 | €426 | €1,171 | €22,140 | €14,387 | €18,858 | €8,642 | ▼ 54.2% |
| Profit (loss) for the period to be appropriated9905 | €11,368 | €1,216 | €426 | €1,171 | €22,140 | €14,387 | €18,858 | €8,642 | ▼ 54.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €61,817 | €43,263 | €55,097 | €67,423 | €73,091 | €122,471 | €134,347 | €116,091 | ▼ 13.6% |
| Fixed assets21/28 | €1,330 | €826 | €1,138 | €1,125 | €548 | €5 | - | - | - |
| Tangible fixed assets22/27 | €1,330 | €826 | €1,138 | €1,125 | €548 | €5 | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,125 | €548 | €5 | - | - | - |
| Current assets29/58 | €60,487 | €42,436 | €53,960 | €66,297 | €72,543 | €122,466 | €134,347 | €116,091 | ▼ 13.6% |
| Amounts receivable within one year40/41 | €39,602 | €32,115 | €15,019 | €19,825 | €18,691 | €36,318 | €26,273 | €31,677 | ▲ 20.6% |
| Trade receivables40 | - | - | - | €18,304 | €18,453 | €36,318 | €26,273 | €31,677 | ▲ 20.6% |
| Other amounts receivable41 | - | - | - | €1,522 | €238 | - | - | - | - |
| Cash at bank and in hand54/58 | €19,786 | €9,737 | €37,598 | €45,876 | €52,208 | €84,827 | €107,180 | €83,142 | ▼ 22.4% |
| Deferred charges and accrued income490/1 | - | - | - | €596 | €1,644 | €1,321 | €894 | €1,272 | ▲ 42.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €61,817 | €43,263 | €55,097 | €67,423 | €73,091 | €122,471 | €134,347 | €116,091 | ▼ 13.6% |
| Equity10/15 | €8,742 | €9,957 | €10,383 | €11,555 | €33,695 | €48,082 | €48,940 | €57,582 | ▲ 17.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €3,076 | €3,502 | €3,502 | €25,642 | €40,029 | €40,029 | €48,671 | ▲ 21.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €1,642 | €25,642 | €40,029 | €40,029 | €48,671 | ▲ 21.6% |
| Profit (loss) carried forward14 | €682 | €682 | €682 | €1,853 | €1,853 | €1,853 | €2,711 | €2,711 | = |
| Amounts payable17/49 | €53,075 | €33,305 | €44,714 | €55,868 | €39,396 | €74,389 | €85,407 | €58,509 | ▼ 31.5% |
| Amounts payable within one year42/48 | €53,020 | €33,305 | €44,714 | €55,868 | €39,396 | €74,389 | €85,407 | €58,509 | ▼ 31.5% |
| Trade debts44 | €41,737 | €23,333 | €37,905 | €49,817 | €14,265 | €48,311 | €57,522 | €43,972 | ▼ 23.6% |
| Suppliers440/4 | - | - | - | €49,817 | €14,265 | €48,311 | €57,522 | €43,972 | ▼ 23.6% |
| Taxes, remuneration and social security45 | - | - | - | €903 | €18,114 | €19,880 | €9,827 | €14,454 | ▲ 47.1% |
| Taxes450/3 | - | - | - | €903 | €18,114 | €19,880 | €9,827 | €14,454 | ▲ 47.1% |
| Other amounts payable47/48 | - | - | - | €5,148 | €7,018 | €6,198 | €18,058 | €83 | ▼ 99.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,368 | €1,216 | €426 | €1,171 | €22,140 | €14,387 | €18,858 | €8,642 | ▼ 54.2% |
| + Depreciation and write-downs630 | €181 | €504 | €538 | €896 | €578 | €543 | €5 | - | - |
| Operating cash flow (approximation) | €11,549 | €1,719 | €964 | €2,067 | €22,718 | €14,930 | €18,863 | €8,642 | ▼ 54.2% |
| Investment in fixed assets (approximation) | - | €0 | -€849 | -€883 | €0 | €0 | - | - | - |
| Change in cash | - | -€10,049 | €27,861 | €8,278 | €6,332 | €32,619 | €22,353 | -€24,038 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as ONELOG 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 ONELOG 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 ONELOG. 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 |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00410124 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00261880 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00371035 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00221388 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20090447 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-58800323 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23800246 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-22400185 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-24900265 | |
| 31-12-2016 | micro format | 16-06-2017 | 2017-19500244 |