OPEN DEVELOPMENT
OPEN DEVELOPMENT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €177k and a net result of €41k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 78% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €177k |
| Net result | €41k |
| Better than sector | 78% |
| Active | 15 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 83.4% | 60.0% | |
| Net result | €41k | €29k | |
| Equity | €177k | €72k | |
| Gross operating margin | €64k | €55k | |
| Total assets | €212k | €141k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | +46.9% | -18.9% | -6.0% | +9.0% | - |
| Net profit | +116.0% | -14.5% | -3.6% | -12.8% | - |
| Cash flow | +61.2% | -11.4% | -2.7% | +12.5% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | +93.2% | +23.6% | -7.4% | -19.6% | - |
| Dividends | - | - | - | - | - |
| Total assets | -6.7% | +0.6% | -3.7% | -8.7% | - |
| Equity | -8.0% | +10.9% | +14.5% | +14.6% | - |
| Debt | +0.6% | -33.2% | -36.9% | -33.4% | - |
| of which ≤ 1y | +30.8% | +9.8% | -41.4% | -52.3% | - |
| of which > 1y | - | -66.6% | -39.9% | +7.4% | - |
| Working capital | -4.0% | +9.3% | +22.3% | +20.8% | - |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 5.56 | 7.22 | 7.25 | 4.00 | 2.18 |
| Quick ratio | 5.56 | 7.22 | 7.25 | 4.00 | 2.18 |
| Working capital ratio | 73.8% | 71.7% | 66.0% | 52.0% | 39.3% |
| Solvency | 83.4% | 84.6% | 76.8% | 64.6% | 51.4% |
| Debt / equity | 0.20 | 0.18 | 0.30 | 0.55 | 0.94 |
| Long-term debt ratio | - | 0.04 | 0.15 | 0.28 | 0.30 |
| Interest coverage | 103.17 | 50.85 | 54.68 | 14.32 | 71.58 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 19.2% | 8.3% | 9.7% | 9.7% | 10.2% |
| ROE | 23.0% | 9.8% | 12.7% | 15.1% | 19.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €212k | €227k | €226k | €234k | €257k |
| Fixed assets | 21/28 | €21k | €38k | €53k | €72k | €71k |
| Formation expenses | 20 | - | - | €0 | - | - |
| Tangible fixed assets | 22/27 | €21k | €38k | €53k | €72k | €71k |
| Current assets | 29/58 | €191k | €189k | €173k | €163k | €186k |
| Amounts receivable within one year | 40/41 | €14k | €9k | €19k | €15k | €37k |
| Investments | 50/53 | €133k | €147k | €128k | €124k | €108k |
| Cash & bank | 54/58 | €41k | €31k | €23k | €19k | €39k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €212k | €227k | €226k | €234k | €257k |
| Equity | 10/15 | €177k | €192k | €173k | €151k | €132k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €171k | €186k | €167k | €145k | €126k |
| Amounts payable | 17/49 | €35k | €35k | €52k | €83k | €125k |
| Amounts payable after one year | 17 | - | €8k | €25k | €42k | €39k |
| Amounts payable within one year | 42/48 | €34k | €26k | €24k | €41k | €85k |
| Trade debts payable within one year | 44 | €2k | €877 | €3k | €2k | €621 |
| Income statement | ||||||
| Gross operating margin | 9900 | €64k | €44k | €54k | €66k | €53k |
| Operating result | 9901 | €44k | €25k | €33k | €36k | €40k |
| Financial income | 75 | €21k | €7k | €0 | €2k | €803 |
| Financial charges | 65 | €609 | €841 | €965 | €4k | €720 |
| Result before taxes | 9903 | €65k | €31k | €32k | €34k | €40k |
| Income taxes | 67/77 | €24k | €12k | €10k | €11k | €13k |
| Net result for the period | 9904 | €41k | €19k | €22k | €23k | €26k |
| Result to be appropriated | 9905 | €41k | €19k | €22k | €23k | €26k |
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 28-10-2010 |
| Status | Active |
| Postal code | 9820 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0835/00N005 | Flanders | 589 m² | 1 · 109 m² | 0.1 m |
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.
06-04-2023 Discharge granted to the board
Technical details
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"evidence_quote": "De algemene vergadering zal op de volgende jaarvergadering beslissen over de kwijting aan de ontslagnemende zaakvoerder voor de uitoefening van zijn mandaat.",
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"notary": {
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"act_meta": {
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"pub_date": "2023-04-06",
"filing_date": "2023-04-04",
"act_kind_objet": "Onderwerp akte:"
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"decisions": [
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"body": "algemene_vergadering",
"date": "2023-03-31",
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{
"body": "algemene_vergadering",
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{
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{
"body": "algemene_vergadering",
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{
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{
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"subject_company": {
"kbo": "0830.711.562",
"name_full": "OPEN DEVELOPMENT",
"legal_form": "BV"
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"co_filed_documents": [
"expeditie van het proces-verbaal",
"de geco\u00F6rdineerde statuten"
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}| Legal nameNL | OPEN DEVELOPMENT |