ONESPAN
ActiveONESPAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.33M and a net result of €2.62M. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-18
Solvency28▼-31
Growth32▼-31
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 2.25 in 2024; short-term debt: 77.3% and cash: 41.4% of total assets), and 97.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.7%
Return on assets
5.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4827 sector peers (2025).
NBB · sector comparisonPosition among 4827 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
44 d early
2023
47 d early
2022
59 d early
2021
48 d early
2020
45 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€87.13M▼ 6.3%
2024 · €92.97M
2018: €89.67M
2019: €108.80M
2020: €96.71M
2021: €79.18M
2022: €86.69M
2023: €93.97M
2024: €92.97M
2018 → 2025
EBIT margin
4.8%▼ 0.2pp
2024 · 5.0%
2018: 4.0%
2019: 2.7%
2020: 6.5%
2021: 3.2%
2022: 3.8%
2023: 3.3%
2024: 5.0%
2018 → 2025
Net result
€2.62M▼ 47.9%
2024 · €5.02M
2018: €2.80M
2019: €-71k
2020: €3.56M
2021: €2.09M
2022: €2.61M
2023: €2.35M
2024: €5.02M
2018 → 2025
Working capital
€9.42M▼ 69.6%
2024 · €30.95M
2018: €6.91M
2019: €7.38M
2020: €13.38M
2021: €20.60M
2022: €25.01M
2023: €31.44M
2024: €30.95M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€79.18M-€86.69M▲ 9.5%€93.97M▲ 8.4%€92.97M▼ 1.1%€87.13M▼ 6.3%
Equity€9.71M-€12.32M▲ 26.9%€14.67M▲ 19.1%€19.69M▲ 34.2%€1.33M▼ 93.2%
Operating result€2.50M-€3.27M▲ 30.5%€3.15M▼ 3.6%€4.61M▲ 46.6%€4.17M▼ 9.7%
Net result€2.09M-€2.61M▲ 24.7%€2.35M▼ 10.0%€5.02M▲ 114%€2.62M▼ 47.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49.77M
Fixed assets
€1.85M▼ 23.3%
Current assets
€47.92M▼ 14.1%
Equity and liabilities €49.77M
Equity
€1.33M▼ 93.2%
Debt
€48.44M▲ 25.7%
The debt ratio rises from 66.2% to 97.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5.00M▼
2024 · €5.52M
Cash flow
€3.45M▼
2024 · €5.92M
Solvency
2.7%▼
2024 · 33.8%
Current ratio
1.24▼
2024 · 2.25
Quick ratio
1.24▼
2024 · 2.25
Debt / equity
36.44▲
2024 · 1.96
ROE
196.8%▲
2024 · 25.5%
ROA
5.3%▼
2024 · 8.6%
Interest coverage
0.34
Debt
€48.44M▲
2024 · €38.54M
Debt ≤ 1 year
€38.49M▲
2024 · €24.86M
Income taxes
€869k▲
2024 · €-428k
Staff costs
€19.31M▲
2024 · €18.70M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€58.23M€49.77M▼
Fixed assets21/28€2.42M€1.85M▼
Intangible fixed assets21€270k€246k▼
Tangible fixed assets22/27€2.15M€1.61M▼
Plant, machinery and equipment23€390k€252k▼
Furniture and vehicles24€518k€369k▼
Other tangible fixed assets26€1.24M€986k▼
Financial fixed assets28€40€40=
Other financial fixed assets284/8€40€40=
Amounts receivable and cash guarantees285/8€40€40=
Current assets29/58€55.81M€47.92M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€29.18M€26.32M▼
Trade receivables40€29.15M€26.32M▼
Other amounts receivable41€23k€0▼
Cash at bank and in hand54/58€25.55M€20.61M▼
Deferred charges and accrued income490/1€1.09M€990k▼
Equity and liabilities
Total equity and liabilities10/49€58.23M€49.77M▼
Equity10/15€19.69M€1.33M▼
Contributions10/11€1.08M€1.08M=
Capital10€1.08M€1.08M=
Issued capital100€1.08M€1.08M=
Reserves13€252k€252k=
Non-distributable reserves130/1€108k€108k=
Legal reserve130€108k€108k=
Distributable reserves133€144k€144k=
Profit (loss) carried forward14€18.36M€3k▼
Amounts payable17/49€38.54M€48.44M▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Other loans174€0-
Amounts payable within one year42/48€24.86M€38.49M▲
Trade debts44€21.47M€15.61M▼
Suppliers440/4€21.47M€15.61M▼
Taxes, remuneration and social security45€3.38M€3.91M▲
Taxes450/3€240k€537k▲
Remuneration and social security454/9€3.14M€3.37M▲
Other amounts payable47/48-€18.98M
Accrued charges and deferred income492/3€13.68M€9.95M▼
Income statement
Code20242025
Operating income70/76A€121.05M€114.66M▼
Turnover70€92.97M€87.13M▼
Other operating income74€28.08M€27.53M▼
Operating charges60/66A€116.44M€110.49M▼
Goods for resale, raw materials and consumables60€84.30M€78.44M▼
Purchases600/8€84.30M€78.44M▼
Services and other goods61€11.59M€11.31M▼
Remuneration, social security and pensions62€18.70M€19.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€904k€830k▼
Other operating charges640/8€917k€573k▼
Non-recurring operating charges66A€28k€29k▲
Operating profit (loss)9901€4.61M€4.17M▼
Financial income75/76B€7.88M€14.00M▲
Recurring financial income75€7.88M€14.00M▲
Income from financial fixed assets750€278k€352k▲
Other financial income752/9€7.60M€13.65M▲
Financial charges65/66B€7.90M€14.68M▲
Recurring financial charges65€7.90M€14.68M▲
Debt charges650€0-
Other financial charges652/9€7.90M€14.68M▲
Profit (loss) for the period before taxes9903€4.59M€3.49M▼
Income taxes67/77€-428k€869k▲
Taxes670/3€976k€869k▼
Tax adjustments and reversals of tax provisions77€1.40M€0▼
Profit (loss) for the period9904€5.02M€2.62M▼
Profit (loss) for the period to be appropriated9905€5.02M€2.62M▼
Appropriation of the result
Profit (loss) to be appropriated9906€18.36M€20.98M▲
Profit (loss) brought forward from the previous period14P€13.34M€18.36M▲
Profit to be distributed694/7-€20.98M
Return on contributions (dividend)694-€20.98M
Social balance
Average headcount (FTE)9087127.4129.8▲
The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €5.02M ▲114%
Net result €5.02M, the highest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €10MEq €12.32M ▲26.9%
3 profitable years in a row build equity to €12.32M.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €3.56M
Net result €3.56M after one loss-making year.
31-12
Financial
Equity above €5MEq €7.62M ▲87.6%
Equity rises from €4.06M to €7.62M.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-71k ▼103%
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Machelen (Brab.) · 2 establishment units since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Kleetlaan 121831 Machelen (Brab.)Ground area
2.7 ha
Building footprint
2,878 m²
Volume, LiDAR
56,161 m³
2 parcels, Flanders · tallest building 27.1 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
ONESPAN
since 19922.057.319.817
ONESPAN
since 20242.359.209.155
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0677/00S000 | Flanders | 2.0 ha | 1 · 299 m² | 8.9 m · 2 fl. |
| 23015B0091/00Y003 | Flanders | 6,880 m² | 1 · 2,579 m² | 27.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 17,112 EUR awarded · 17,112 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,326 EUR | 2,326 EUR |
| 2024 | 1 | 5,150 EUR | 5,150 EUR |
| 2023 | 1 | 3,489 EUR | 3,489 EUR |
| 2022 | 1 | 6,147 EUR | 6,147 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
894500Y3GXSL4W4RQU96
Similar companies · same sector, comparable size
J.J. Maes
BE 0402.226.930
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ELTEC-DEXIS
BE 0451.657.833
Genk · Eq €1.32M
Seco Tools Benelux
BE 0414.389.146
Machelen (Brab.) · Eq €1.35M
SADU-ABRASIVES
BE 0427.796.724
Sint-Niklaas · Eq €1.31M
Of 1,246 companies in sector 46643 we hold annual accounts for 954. 680 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-03-1992
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
27900Manufacture of electrical equipment
31623
62010Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesE-mail:info@onespan.com
Website:www.onespan.com
E-mail:info@vasco.com
Phone:+3226099700
Fax:+3226099709