OPAL SOLUTIONS
Annual accounts 2025
abbreviated format, filed on 15-10-2026, 76 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €2.4m. Estimated: probably between €1.9m and €3.5m.
Balance sheet
balance sheet total €1.6m on 31-12-2025in euro
in euro
Position in the sector
60.1%
Higher than 62% of 3,405 companies in 2025.
0.88
Higher than 19% of 3,266 companies in 2025.
1.1%
Higher than 31% of 3,314 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
1.6m | 1.3m | 1.3m | 792,909 | 561,651 | 411,852 | 226,876 | 184,048 | 61,880 | |
21/28 |
1.1m | 834,645 | 704,361 | 582,976 | 501,032 | 341,635 | 165,961 | 99,120 | 35,615 | |
21 |
1.0m | 815,885 | 684,733 | 577,139 | 496,593 | 336,765 | 162,211 | 97,305 | 33,800 | |
22/27 |
10,716 | 16,860 | 17,361 | 2,086 | 689 | 1,120 | - | - | - | |
24 |
4,022 | 9,276 | 11,401 | 2,086 | 689 | 1,120 | - | - | - | |
26 |
6,694 | 7,584 | 5,960 | - | - | - | - | - | - | |
28 |
1,900 | 1,900 | 2,267 | 3,750 | 3,750 | 3,750 | 3,750 | 1,815 | 1,815 | |
29/58 |
571,621 | 480,093 | 606,619 | 209,934 | 60,618 | 70,216 | 60,915 | 84,928 | 26,265 | |
40/41 |
518,650 | 396,524 | 576,459 | 197,970 | 52,466 | 64,398 | 58,383 | 82,801 | 23,241 | |
40 |
497,999 | 396,524 | 576,446 | 197,970 | 19,631 | 63,432 | 56,948 | 82,801 | 23,241 | |
41 |
20,651 | 0 | 13 | - | 32,834 | 966 | 1,436 | - | - | |
54/58 |
21,155 | 56,214 | 21,916 | 11,426 | 8,153 | 5,511 | 2,129 | 1,636 | 2,439 | |
490/1 |
31,816 | 27,355 | 8,244 | 537 | - | 307 | 403 | 492 | 585 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
1.6m | 1.3m | 1.3m | 792,909 | 561,651 | 411,852 | 226,876 | 184,048 | 61,880 | |
10/15 |
979,562 | 960,835 | 922,948 | 298,169 | 40,791 | -21,570 | -23,800 | 8,838 | -28,764 | |
10/11 |
433,600 | 433,600 | 433,600 | 78,600 | 78,600 | 78,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
11 |
- | - | 433,600 | 78,600 | 78,600 | 78,600 | - | - | - | |
1109/19 |
- | - | 433,600 | 78,600 | 78,600 | 78,600 | - | - | - | |
14 |
485,962 | 467,235 | 429,348 | 159,569 | -97,809 | -100,170 | -42,400 | -9,762 | -47,364 | |
15 |
60,000 | 60,000 | 60,000 | 60,000 | 60,000 | - | - | - | - | |
17/49 |
650,811 | 353,903 | 388,031 | 494,740 | 520,860 | 433,421 | 250,676 | 175,210 | 90,644 | |
17 |
- | - | - | 355,000 | 295,000 | 165,000 | 10,878 | - | - | |
170/4 |
- | - | - | 355,000 | 295,000 | 165,000 | 10,878 | - | - | |
42/48 |
646,770 | 349,862 | 388,031 | 139,740 | 225,860 | 268,421 | 239,798 | 175,210 | 90,644 | |
42 |
- | - | - | - | 3,100 | 12,969 | 13,444 | - | - | |
43 |
228,402 | 23,531 | 23,531 | 7,007 | 25,506 | 27,126 | 15,061 | 2,873 | - | |
430/8 |
228,402 | 23,531 | 23,531 | 7,007 | 25,506 | 27,126 | 15,061 | 2,873 | - | |
44 |
190,370 | 94,845 | 175,203 | 21,191 | 114,067 | 71,492 | 46,929 | 24,787 | 5,930 | |
440/4 |
190,370 | 94,845 | 175,203 | 21,191 | 114,067 | 71,492 | 46,929 | 24,787 | 5,930 | |
45 |
110,710 | 191,969 | 146,912 | 79,905 | 41,573 | 8,383 | 21,754 | 26,941 | 23,063 | |
450/3 |
32,941 | 109,380 | 100,056 | 42,745 | 10,844 | 353 | 375 | 6,694 | 1,084 | |
454/9 |
77,770 | 82,589 | 46,855 | 37,160 | 30,729 | 8,029 | 21,379 | 20,248 | 21,979 | |
47/48 |
117,288 | 39,517 | 42,386 | 31,637 | 41,614 | 148,451 | 142,610 | 120,609 | 61,652 | |
492/3 |
4,041 | 4,041 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||
76A |
109 | - | - | - | - | - | - | - | - | |
9900 |
1.0m | 795,407 | 1.0m | 652,904 | 247,564 | 66,536 | 156,416 | 203,615 | 136,838 | |
62 |
667,244 | 522,602 | 428,430 | 224,599 | 141,464 | 66,270 | 132,015 | 133,626 | 163,351 | |
630 |
308,031 | 216,849 | 205,906 | 138,287 | 90,353 | 52,619 | 52,322 | 28,876 | 18,200 | |
640/8 |
7,314 | 6,443 | 6,438 | 3,282 | 1,800 | - | 392 | 436 | 695 | |
9901 |
46,026 | 49,514 | 371,115 | 286,735 | 13,947 | -52,352 | -28,312 | 40,678 | -45,407 | |
75/76B |
381 | 450 | 12 | 106 | 275 | 1 | 0 | 3 | - | |
75 |
381 | 450 | 12 | 106 | 275 | 1 | 0 | 3 | - | |
65/66B |
27,682 | 5,878 | 14,448 | 13,390 | 11,862 | 5,419 | 4,325 | 3,079 | 1,957 | |
65 |
27,682 | 5,878 | 14,448 | 13,390 | 11,862 | 5,419 | 4,325 | 3,079 | 1,957 | |
9903 |
18,726 | 44,086 | 356,679 | 273,452 | 2,361 | -57,770 | -32,637 | 37,602 | -47,364 | |
67/77 |
0 | 6,199 | 86,899 | 16,074 | - | - | 0 | - | - | |
9904 |
18,726 | 37,887 | 269,779 | 257,378 | 2,361 | -57,770 | -32,637 | 37,602 | -47,364 | |
9905 |
18,726 | 37,887 | 269,779 | 257,378 | 2,361 | -57,770 | -32,637 | 37,602 | -47,364 | |
| Appropriation of the result | ||||||||||
9906 |
485,962 | 467,235 | 429,348 | 159,569 | -97,809 | -100,170 | -42,400 | -9,762 | -47,364 | |
14P |
467,235 | 429,348 | 159,569 | -97,809 | -100,170 | - | - | - | - | |
| Social balance sheet | ||||||||||
9087 |
0 | 9.5 | 6.9 | 4.9 | 2.9 | 1.2 | 2.6 | 2.8 | 1.9 | |
Hours worked1013 |
- | 16,060 | 14,371 | 7,997 | 4,974 | 2,761 | 4,513 | 4,810 | 58,349 | |
| Document | ||||||||||
The notes to these accounts have 22 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 76 days after the deadline. Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00563972.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-10-2026 | 2026-00563972 | |
| 31-12-2024 | full format | 29-08-2025 | 2025-00458266 | |
| 31-12-2023 | micro format | 29-09-2024 | 2024-00477653 | |
| 30-09-2022 | micro format | 01-05-2023 | 2023-00073468 | |
| 30-09-2021 | micro format | 02-05-2022 | 2022-20017188 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12400382 | |
| 30-09-2019 | micro format | 30-03-2020 | 2020-07900095 | |
| 30-09-2018 | micro format | 25-04-2019 | 2019-10600081 | |
| 30-09-2017 | micro format | 24-04-2018 | 2018-10600035 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 354,058 | 266,362 | 577,020 | 425,023 | 104,300 | 267 | 24,010 | 69,554 | -27,207 | ||
| 326,758 | 254,736 | 475,685 | 395,665 | 92,713 | -5,151 | 19,685 | 66,478 | -29,164 | ||
| 532,454 | 347,500 | 328,774 | 220,230 | 249,750 | 228,294 | 119,163 | 92,382 | 53,815 | ||
| -35,059 | 34,298 | 10,490 | 3,273 | 2,642 | 3,382 | 493 | -803 | - | ||
| -75,149 | 130,231 | 218,588 | 70,193 | -165,242 | -198,205 | -178,883 | -90,283 | -64,379 | ||
| 60.1% | 73.1% | 70.4% | 37.6% | 7.3% | -5.2% | -10.5% | 4.8% | -46.5% | ||
| 0.88 | 1.37 | 1.56 | 1.50 | 0.27 | 0.26 | 0.25 | 0.48 | 0.29 | ||
| 0.66 | 0.37 | 0.42 | 1.66 | 12.77 | - | - | 19.83 | - | ||
| 1.9% | 3.9% | 29.2% | 86.3% | 5.8% | - | - | 425.5% | - | ||
| 1.1% | 2.9% | 20.6% | 32.5% | 0.4% | -14.0% | -14.4% | 20.4% | -76.5% | ||
| 12.79 | 45.32 | 39.94 | 31.74 | 8.79 | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 11 | 7 | 6 |
| full-time | 9 | 9 | 6 | 4 |
| part-time | 2 | 2 | 1 | 2 |
| in full-time equivalents | 9.6 | 9.6 | 6.2 | 4.7 |
| 9.5 | 6.9 | 4.9 | 2.9 | |
| On a permanent contract | 8 | 8 | 5 | 4 |
| Joined | 25 | 22 | 8 | 9 |
| Left | 25 | 18 | 7 | 6 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,253 | €19,611 | €2,293 | - |
| Intangible fixed assets | €532,454 | €342,247 | €309,163 | €217,937 | €249,750 |
| Financial fixed assets | €0 | - | - | - | - |
| €308,031 | €216,849 | €205,906 | €138,287 | €90,353 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Insights on OPAL SOLUTIONS
The operating result for 2025 is 7% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 26.9% to 39.9%. Equity and debt are higher.
- 2025 Staff (FTE) -100% on 2024. The accounts now follow the abbreviated format, last year the full format.
- 2024 Net result -86% on 2023. The previous financial year ran 15 months, this one 12. The accounts now follow the full format, last year the micro format.