OPEN DATABASE ASSOCIATES
ActiveSummary
OPEN DATABASE ASSOCIATES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €286k and a net result of €44k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 91% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 12.83 against 15.22 in 2024; short-term debt: 7.7% and cash: 51% of total assets), and 7.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
92.2%
Return on assets
14.3%
Age of the figures
9 mo
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
34 d early
2023
47 d early
2022
49 d early
2021
145 d early
2020
17 d early
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€286k▼ 0.4%
2024 · €288k
2018: €260k
2019: €305k▲ +17.5% vs 2018
2020: €321k▲ +5.1% vs 2019
2021: €377k▲ +17.5% vs 2020highest in 8 years
2022: €257k▼ -31.9% vs 2021lowest in 8 years
2023: €311k▲ +21.0% vs 2022
2024: €288k▼ -7.4% vs 2023
2025: €286k▼ -0.4% vs 2024
2018 → 2025
Total assets
€311k▲ 1.1%
2024 · €307k
2018: €278klowest in 8 years
2019: €330k▲ +18.6% vs 2018
2020: €358k▲ +8.7% vs 2019
2021: €426k▲ +18.9% vs 2020highest in 8 years
2022: €295k▼ -30.9% vs 2021
2023: €331k▲ +12.2% vs 2022
2024: €307k▼ -7.0% vs 2023
2025: €311k▲ +1.1% vs 2024
2018 → 2025
Net result
€44k▼ 8.1%
2024 · €48k
2018: €60k
2019: €46k▼ -23.6% vs 2018
2020: €15k▼ -66.1% vs 2019lowest in 8 years
2021: €56k▲ +263% vs 2020
2022: €72k▲ +28.5% vs 2021highest in 8 years
2023: €54k▼ -25.1% vs 2022
2024: €48k▼ -10.4% vs 2023
2025: €44k▼ -8.1% vs 2024
2018 → 2025
Working capital
€282k▼ 0.3%
2024 · €283k
2018: €255k
2019: €282k▲ +10.7% vs 2018
2020: €305k▲ +7.9% vs 2019
2021: €366k▲ +20.1% vs 2020highest in 8 years
2022: €247k▼ -32.5% vs 2021lowest in 8 years
2023: €306k▲ +23.9% vs 2022
2024: €283k▼ -7.5% vs 2023
2025: €282k▼ -0.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€377k-€257k▼ 31.9%€311k▲ 21.0%€288k▼ 7.4%€286k▼ 0.4%
2021: €377khighest in 5 years
2022: €257k▼ -31.9% vs 2021lowest in 5 years
2023: €311k▲ +21.0% vs 2022
2024: €288k▼ -7.4% vs 2023
2025: €286k▼ -0.4% vs 2024
Operating result€73k-€99k▲ 34.7%€75k▼ 23.6%€63k▼ 15.7%€67k▲ 6.4%
2021: €73k
2022: €99k▲ +34.7% vs 2021highest in 5 years
2023: €75k▼ -23.6% vs 2022
2024: €63k▼ -15.7% vs 2023lowest in 5 years
2025: €67k▲ +6.4% vs 2024
Net result€56k-€72k▲ 28.5%€54k▼ 25.1%€48k▼ 10.4%€44k▼ 8.1%
2021: €56k
2022: €72k▲ +28.5% vs 2021highest in 5 years
2023: €54k▼ -25.1% vs 2022
2024: €48k▼ -10.4% vs 2023
2025: €44k▼ -8.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €311k
Fixed assets
€5k ▲ 2.7%
Current assets
€306k ▲ 1.1%
Equity and liabilities €311k
Equity
€286k ▼ 0.4%
Debt
€24k ▲ 22.4%
Debt's share of the balance-sheet total rises from 6.5% to 7.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70k▲
2024 · €66k
Cash flow
€47k▼
2024 · €51k
Current ratio
12.83▼
2024 · 15.22
Debt to equity
0.09▲
2024 · 0.07
ROE
15.5%▼
2024 · 16.8%
ROA
14.3%▼
2024 · 15.7%
Interest coverage
9.46▼
2024 · 206.36
Debt ≤ 1 year
€24k▲
2024 · €20k
Income taxes
€19k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€307k€311k▲
Fixed assets21/28€5k€5k▲
Tangible fixed assets22/27€4k€4k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€945€945=
Current assets29/58€303k€306k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€47k€48k▲
Trade receivables40€11k€35k▲
Other amounts receivable41€37k€13k▼
Current investments50/53-€96k
Cash at bank and in hand54/58€253k€159k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€307k€311k▲
Equity10/15€288k€286k▼
Contributions10/11€6k€6k=
Reserves13€281k€280k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€281k€280k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€20k€24k▲
Amounts payable within one year42/48€20k€24k▲
Trade debts44€454€463▲
Suppliers440/4€454€463▲
Taxes, remuneration and social security45€9k€23k▲
Taxes450/3€9k€18k▲
Remuneration and social security454/9-€5k
Other amounts payable47/48€10k€0▼
Accrued charges and deferred income492/3-€500
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€545€660▲
Gross operating margin9900€67k€70k▲
Operating profit (loss)9901€63k€67k▲
Financial income75/76B€616€3k▲
Recurring financial income75€616€3k▲
Financial charges65/66B€320€7k▲
Recurring financial charges65€320€7k▲
Profit (loss) for the period before taxes9903€64k€63k▼
Income taxes67/77€15k€19k▲
Profit (loss) for the period9904€48k€44k▼
Profit (loss) for the period to be appropriated9905€48k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€44k▼
Transfer from equity791/2€61k€46k▼
Transfer to equity691/2€38k€44k▲
To other reserves6921€38k€44k▲
Profit to be distributed694/7€71k€46k▼
Return on contributions (dividend)694€61k€46k▼
Directors or managers695€10k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €7k | €3k | €2k | ▼ 15.7% |
| Other operating charges640/8 | - | €532 | €763 | €545 | €660 | ▲ 21.2% |
| Gross operating margin9900 | €80k | €105k | €83k | €67k | €70k | ▲ 5.6% |
| Operating profit (loss)9901 | €73k | €99k | €75k | €63k | €67k | ▲ 6.4% |
| Financial income75/76B | - | €2k | €683 | €616 | €3k | ▲ 440% |
| Recurring financial income75 | €7k | €2k | €683 | €616 | €3k | ▲ 440% |
| Financial charges65/66B | - | €552 | €394 | €320 | €7k | ▲ 2,201% |
| Recurring financial charges65 | €248 | €552 | €394 | €320 | €7k | ▲ 2,201% |
| Profit (loss) for the period before taxes9903 | €79k | €100k | €76k | €64k | €63k | ▼ 0.4% |
| Income taxes67/77 | €23k | €28k | €22k | €15k | €19k | ▲ 23.7% |
| Profit (loss) for the period9904 | €56k | €72k | €54k | €48k | €44k | ▼ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €56k | €72k | €54k | €48k | €44k | ▼ 8.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426k | €295k | €331k | €307k | €311k | ▲ 1.1% |
| Fixed assets21/28 | €11k | €10k | €5k | €5k | €5k | ▲ 2.7% |
| Tangible fixed assets22/27 | €10k | €9k | €4k | €4k | €4k | ▲ 3.4% |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Furniture and vehicles24 | - | €9k | €4k | €4k | €2k | ▼ 34.9% |
| Financial fixed assets28 | €945 | €945 | €945 | €945 | €945 | = |
| Current assets29/58 | €415k | €285k | €326k | €303k | €306k | ▲ 1.1% |
| Amounts receivable after more than one year29 | - | €26k | €38k | €0 | - | - |
| Other amounts receivable291 | - | €26k | €38k | €0 | - | - |
| Amounts receivable within one year40/41 | €19k | €23k | €47k | €47k | €48k | ▲ 0.1% |
| Trade receivables40 | - | €14k | €16k | €11k | €35k | ▲ 218% |
| Other amounts receivable41 | - | €9k | €32k | €37k | €13k | ▼ 65.0% |
| Current investments50/53 | - | - | - | - | €96k | - |
| Cash at bank and in hand54/58 | €240k | €229k | €238k | €253k | €159k | ▼ 37.3% |
| Deferred charges and accrued income490/1 | - | €7k | €2k | €2k | €4k | ▲ 51.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426k | €295k | €331k | €307k | €311k | ▲ 1.1% |
| Equity10/15 | €377k | €257k | €311k | €288k | €286k | ▼ 0.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €338k | €250k | €304k | €281k | €280k | ▼ 0.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €249k | €303k | €281k | €280k | ▼ 0.4% |
| Profit (loss) carried forward14 | €32k | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €49k | €38k | €20k | €20k | €24k | ▲ 22.4% |
| Amounts payable within one year42/48 | €49k | €38k | €20k | €20k | €24k | ▲ 19.9% |
| Trade debts44 | €1k | €25k | €2k | €454 | €463 | ▲ 2.0% |
| Suppliers440/4 | - | €25k | €2k | €454 | €463 | ▲ 2.0% |
| Taxes, remuneration and social security45 | - | €13k | €18k | €9k | €23k | ▲ 148% |
| Taxes450/3 | - | €13k | €18k | €9k | €18k | ▲ 92.7% |
| Remuneration and social security454/9 | - | - | - | - | €5k | - |
| Other amounts payable47/48 | - | - | - | €10k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €72k | €54k | €48k | €44k | ▼ 8.1% |
| + Depreciation and write-downs630 | €6k | €6k | €7k | €3k | €2k | ▼ 15.7% |
| Operating cash flow (approximation) | €62k | €78k | €61k | €51k | €47k | ▼ 8.5% |
| Investment in fixed assets (approximation) | - | €-4k | €-2k | €-2k | €-2k | ▲ 5.8% |
| Change in cash | - | €-11k | €9k | €15k | €-94k | ▼ 735% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 16.27
Current ratio from 7.50 to 16.27; short-term debt falls from €38k to €20k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €72k ▲28.5%
Operating result €99k, net result €72k, both a record.
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €15k ▼66.1%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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.) · 1 establishment unit since 2003
Ground area
5,496 m²
Building footprint
1,193 m²
Volume, LiDAR
18,443 m³
Parcel 23015B0073/00A000, Flanders · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
OPEN DATABASE ASSOCIATES
since 20032.131.928.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0073/00A000 | Flanders | 5,496 m² | 1 · 1,193 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
2549000FBJCV3PXY0R03
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 13,863 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.