OPEN2
ActiveSummary
OPEN2 has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €4k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 22% 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
Profitability70▲+28
Solvency47▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.44 in 2024; short-term debt: 44% and cash: 3.6% of total assets), and 77.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
22.1%
Return on assets
1.2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
2 d early
2021
9 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▼ 18.8%
2024 · €87k
2018: €65klowest in 8 years
2019: €86k▲ +30.9% vs 2018
2020: €94k▲ +9.7% vs 2019
2021: €111k▲ +17.7% vs 2020highest in 8 years
2022: €100k▼ -9.7% vs 2021
2023: €102k▲ +1.9% vs 2022
2024: €87k▼ -15.0% vs 2023
2025: €70k▼ -18.8% vs 2024
2018 → 2025
Total assets
€318k▼ 2.8%
2024 · €327k
2018: €298k
2019: €326k▲ +9.2% vs 2018
2020: €287k▼ -11.8% vs 2019
2021: €288k▲ +0.4% vs 2020
2022: €274k▼ -5.1% vs 2021lowest in 8 years
2023: €375k▲ +37.1% vs 2022highest in 8 years
2024: €327k▼ -12.7% vs 2023
2025: €318k▼ -2.8% vs 2024
2018 → 2025
Net result
€4k
2024 · €-15k
2018: €17
2019: €23k▲ +135872% vs 2018highest in 8 years
2020: €8k▼ -64.3% vs 2019
2021: €17k▲ +101% vs 2020
2022: €9k▼ -46.5% vs 2021
2023: €2k▼ -78.5% vs 2022
2024: €-15k▼ -898% vs 2023lowest in 8 years
2025: €4k▲ +126% vs 2024
2018 → 2025
Working capital
€-1k
2024 · €38k
2018: €57k
2019: €83k▲ +44.3% vs 2018
2020: €97k▲ +16.8% vs 2019
2021: €111k▲ +14.8% vs 2020highest in 8 years
2022: €98k▼ -11.8% vs 2021
2023: €75k▼ -22.9% vs 2022
2024: €38k▼ -49.4% vs 2023
2025: €-1k▼ -104% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€111k-€100k▼ 9.7%€102k▲ 1.9%€87k▼ 15.0%€70k▼ 18.8%
2021: €111khighest in 5 years
2022: €100k▼ -9.7% vs 2021
2023: €102k▲ +1.9% vs 2022
2024: €87k▼ -15.0% vs 2023
2025: €70k▼ -18.8% vs 2024lowest in 5 years
Operating result€45k-€20k▼ 54.9%€14k▼ 31.7%€-5k€14k
2021: €45khighest in 5 years
2022: €20k▼ -54.9% vs 2021
2023: €14k▼ -31.7% vs 2022
2024: €-5k▼ -138% vs 2023lowest in 5 years
2025: €14k▲ +368% vs 2024
Net result€17k-€9k▼ 46.5%€2k▼ 78.5%€-15k€4k
2021: €17khighest in 5 years
2022: €9k▼ -46.5% vs 2021
2023: €2k▼ -78.5% vs 2022
2024: €-15k▼ -898% vs 2023lowest in 5 years
2025: €4k▲ +126% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318k
Fixed assets
€180k ▼ 11.3%
Current assets
€139k ▲ 11.1%
Equity and liabilities €318k
Equity
€70k ▼ 18.8%
Debt
€248k ▲ 3.0%
Debt's share of the balance-sheet total rises from 73.6% to 77.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64k▲
2024 · €34k
Cash flow
€54k▲
2024 · €24k
Current ratio
0.99▼
2024 · 1.44
Quick ratio
0.99▼
2024 · 1.44
Debt to equity
3.53▲
2024 · 2.78
ROE
5.6%▲
2024 · -17.6%
ROA
1.2%▲
2024 · -4.7%
Interest coverage
6.31▲
2024 · 3.49
Debt ≤ 1 year
€140k▲
2024 · €87k
Debt > 1 year
€108k▼
2024 · €154k
Income taxes
€163▲
2024 · €157
Staff costs
€93k▲
2024 · €82k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€327k€318k▼
Fixed assets21/28€203k€180k▼
Intangible fixed assets21€16k€26k▲
Tangible fixed assets22/27€186k€153k▼
Land and buildings22€152k€129k▼
Plant, machinery and equipment23€674€371▼
Furniture and vehicles24€34k€24k▼
Financial fixed assets28€315€315=
Current assets29/58€125k€139k▲
Stocks and contracts in progress3€125€95▼
Stocks30/36€125€95▼
Amounts receivable within one year40/41€86k€122k▲
Trade receivables40€62k€101k▲
Other amounts receivable41€24k€21k▼
Current investments50/53€547€1k▲
Cash at bank and in hand54/58€35k€11k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€327k€318k▼
Equity10/15€87k€70k▼
Contributions10/11€9k€9k=
Reserves13€93k€72k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€71k▼
Profit (loss) carried forward14€-15k€-11k▲
Amounts payable17/49€241k€248k▲
Amounts payable after more than one year17€154k€108k▼
Financial debts170/4€154k€108k▼
Amounts payable within one year42/48€87k€140k▲
Current portion of amounts payable after more than one year42€51k€52k▲
Financial debts43€706€35k▲
Credit institutions430/8€706€57▼
Other loans439-€35k
Trade debts44€30k€22k▼
Suppliers440/4€30k€22k▼
Taxes, remuneration and social security45€5k€11k▲
Taxes450/3€720€6k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48-€20k
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€82k€93k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€50k▲
Other operating charges640/8€3k€11k▲
Gross operating margin9900€119k€168k▲
Operating profit (loss)9901€-5k€14k▲
Financial income75/76B€29€4▼
Recurring financial income75€29€4▼
Financial charges65/66B€10k€10k▲
Recurring financial charges65€10k€10k▲
Profit (loss) for the period before taxes9903€-15k€4k▲
Income taxes67/77€157€163▲
Profit (loss) for the period9904€-15k€4k▲
Profit (loss) for the period to be appropriated9905€-15k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-11k▲
Profit (loss) brought forward from the previous period14P-€-15k
Transfer from equity791/2-€20k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (16 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €0 | - | - |
| Remuneration, social security and pensions62 | €41k | €56k | €62k | €82k | €93k | ▲ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €19k | €28k | €39k | €50k | ▲ 26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-140 | €0 | - | - | - |
| Other operating charges640/8 | €18k | €11k | €5k | €3k | €11k | ▲ 207% |
| Gross operating margin9900 | €122k | €105k | €109k | €119k | €168k | ▲ 40.8% |
| Operating profit (loss)9901 | €45k | €20k | €14k | €-5k | €14k | ▲ 368% |
| Financial income75/76B | €6 | €21 | €7 | €29 | €4 | ▼ 85.3% |
| Recurring financial income75 | €6 | €21 | €7 | €29 | €4 | ▼ 85.3% |
| Financial charges65/66B | €6k | €6k | €9k | €10k | €10k | ▲ 4.2% |
| Recurring financial charges65 | €6k | €6k | €9k | €10k | €10k | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €39k | €14k | €5k | €-15k | €4k | ▲ 127% |
| Income taxes67/77 | €22k | €5k | €3k | €157 | €163 | ▲ 3.7% |
| Profit (loss) for the period9904 | €17k | €9k | €2k | €-15k | €4k | ▲ 126% |
| Transfer from tax-exempt reserves789 | €35k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €51k | €9k | €2k | €-15k | €4k | ▲ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €288k | €274k | €375k | €327k | €318k | ▼ 2.8% |
| Fixed assets21/28 | €125k | €109k | €224k | €203k | €180k | ▼ 11.3% |
| Intangible fixed assets21 | - | - | - | €16k | €26k | ▲ 66.6% |
| Tangible fixed assets22/27 | €125k | €109k | €224k | €186k | €153k | ▼ 17.9% |
| Land and buildings22 | €121k | €107k | €182k | €152k | €129k | ▼ 15.5% |
| Plant, machinery and equipment23 | - | - | - | €674 | €371 | ▼ 45.0% |
| Furniture and vehicles24 | €3k | €3k | €42k | €34k | €24k | ▼ 28.3% |
| Financial fixed assets28 | - | €315 | €315 | €315 | €315 | = |
| Current assets29/58 | €164k | €164k | €151k | €125k | €139k | ▲ 11.1% |
| Stocks and contracts in progress3 | €405 | €200 | €200 | €125 | €95 | ▼ 24.0% |
| Stocks30/36 | €405 | €200 | €200 | €125 | €95 | ▼ 24.0% |
| Amounts receivable within one year40/41 | €100k | €113k | €94k | €86k | €122k | ▲ 42.3% |
| Trade receivables40 | €89k | €96k | €85k | €62k | €101k | ▲ 62.9% |
| Other amounts receivable41 | €11k | €17k | €9k | €24k | €21k | ▼ 11.7% |
| Current investments50/53 | €9k | €6k | €18k | €547 | €1k | ▲ 156% |
| Cash at bank and in hand54/58 | €53k | €43k | €38k | €35k | €11k | ▼ 67.7% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €3k | €3k | ▲ 19.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €288k | €274k | €375k | €327k | €318k | ▼ 2.8% |
| Equity10/15 | €111k | €100k | €102k | €87k | €70k | ▼ 18.8% |
| Contributions10/11 | €9k | €9k | €9k | €9k | €9k | = |
| Reserves13 | €101k | €91k | €93k | €93k | €72k | ▼ 21.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €100k | €89k | €91k | €91k | €71k | ▼ 22.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €-15k | €-11k | ▲ 25.9% |
| Amounts payable17/49 | €178k | €174k | €273k | €241k | €248k | ▲ 3.0% |
| Amounts payable after more than one year17 | €125k | €107k | €197k | €154k | €108k | ▼ 30.0% |
| Financial debts170/4 | €125k | €107k | €197k | €154k | €108k | ▼ 30.0% |
| Amounts payable within one year42/48 | €53k | €66k | €76k | €87k | €140k | ▲ 61.6% |
| Current portion of amounts payable after more than one year42 | €19k | €23k | €49k | €51k | €52k | ▲ 1.8% |
| Financial debts43 | €74 | €101 | €85 | €706 | €35k | ▲ 4,866% |
| Credit institutions430/8 | €74 | €101 | €85 | €706 | €57 | ▼ 91.9% |
| Other loans439 | - | - | - | - | €35k | - |
| Trade debts44 | €11k | €14k | €16k | €30k | €22k | ▼ 25.5% |
| Suppliers440/4 | €11k | €14k | €16k | €30k | €22k | ▼ 25.5% |
| Taxes, remuneration and social security45 | €22k | €10k | €11k | €5k | €11k | ▲ 115% |
| Taxes450/3 | €15k | €266 | €466 | €720 | €6k | ▲ 765% |
| Remuneration and social security454/9 | €8k | €9k | €11k | €4k | €4k | ▲ 3.0% |
| Other amounts payable47/48 | - | €20k | €0 | - | €20k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €9k | €2k | €-15k | €4k | ▲ 126% |
| + Depreciation and write-downs630 | €18k | €19k | €28k | €39k | €50k | ▲ 26.7% |
| Operating cash flow (approximation) | €35k | €28k | €30k | €24k | €54k | ▲ 123% |
| Investment in fixed assets (approximation) | - | €-4k | €-142k | €-18k | €-27k | ▼ 49.2% |
| Change in cash | - | €-10k | €-5k | €-3k | €-24k | ▼ 826% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100kEq €102k ▲1.9%
6 profitable years in a row build equity to €102k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €111k ▲17.7%
4 profitable years in a row build equity to €111k.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €23k ▲135,872%
Net result €23k, the highest in the series.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ninove · 1 establishment unit since 2004
Ground area
2,057 m²
Building footprint
533 m²
Volume, LiDAR
2,080 m³
Parcel 41362B1536/00G010, Flanders · tallest building 12.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
XEFI NINOVE
since 20042.139.090.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1536/00G010 | Flanders | 2,057 m² | 1 · 533 m² | 12.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 18,660 EUR awarded · 18,660 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1 EUR | 1 EUR |
| 2024 | 1 | 6,782 EUR | 6,782 EUR |
| 2023 | 1 | 6,292 EUR | 6,292 EUR |
| 2022 | 1 | 5,585 EUR | 5,585 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,526 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 (pre-2019)
Founded12-07-2004
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
93299Other amusement and recreation activities
Contact
Phone
054 32 48 58Ninove
Scores and ratios are computed by Checked and are not a credit decision.