OPTISERV
ActiveFinancials · financial year 2026, micro format
2026 annual accounts filed 30 days after the deadline Filed on 30 September 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00537944.
Annual accounts 2026 filed on 30-09-2026 at the NBB all 30 filings
Turnover
€31,400▲ 9.6%
2025 · €28,643
EBIT margin
50.2%▼ 17.9pp
2025 · 68.2%
Net result
€17,594
2025 · -€37,617
Working capital
-€198,535▲ 7.7%
2025 · -€215,047
Multi-year overview
2019 to 2026, 8 financial yearsTurnover
€31,400
▲ 9.6%
2026
20192026
Operating result
€15,777
▼ 19.2%
2026
20192026
Net result
€17,594
2026
20192026
EBIT margin
50.2%
▼ 17.9pp
2026
20192026
Equity
€34,022
▲ 107%
2026
20192026
Total assets
€373,766
▲ 6.0%
2026
20192026
Debt
€339,744
▲ 1.0%
2026
20192026
Working capital
-€198,535
▲ 7.7%
2026
20192026
Solvency
9.1%
▲ 4.4pp
2026
20192026
Current ratio
0.42
▲ 0.06
2026
20192026
Return on assets (ROA)
4.7%
▲ 15.4pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€26,999-€20,084▼ 25.6%€19,068▼ 5.1%€30,904▲ 62.1%€34,153▲ 10.5%€24,385▼ 28.6%€28,643▲ 17.5%€31,400▲ 9.6%
Operating result-€15,719--€15,050▲ 4.3%-€11,182▲ 25.7%-€1,950▲ 82.6%€6,240€13,642▲ 119%€19,530▲ 43.2%€15,777▼ 19.2%
Net result-€17,971-€11,367-€10,630below the sector's middle half€166below the sector's middle half€6,087within the sector's middle half▲ 37×-€45,097below the sector's middle half-€37,617below the sector's middle half▲ 16.6%€17,594
EBIT margin-58.2%--74.9%▼ 16.7pp-58.6%▲ 16.3pp-6.3%▲ 52.3pp18.3%▲ 24.6pp55.9%▲ 37.7pp68.2%▲ 12.2pp50.2%▼ 17.9pp
Equity€28,134-€39,501▲ 40.4%€28,871within the sector's middle half▼ 26.9%€29,036within the sector's middle half▲ 0.6%€35,123within the sector's middle half▲ 21.0%-€9,974below the sector's middle half€16,427below the sector's middle half€34,022▲ 107%
Total assets€764,602-€382,643▼ 50.0%€370,621above the sector's middle half▼ 3.1%€371,669above the sector's middle half▲ 0.3%€372,267above the sector's middle half▲ 0.2%€327,494above the sector's middle half▼ 12.0%€352,692above the sector's middle half▲ 7.7%€373,766▲ 6.0%
Debt€736,468-€343,142▼ 53.4%€341,750▼ 0.4%€342,633▲ 0.3%€337,144▼ 1.6%€337,468▲ 0.1%€336,264▼ 0.4%€339,744▲ 1.0%
Working capital-€217,863--€176,343▲ 19.1%-€168,789below the sector's middle half▲ 4.3%-€149,073below the sector's middle half▲ 11.7%-€129,385below the sector's middle half▲ 13.2%-€178,367below the sector's middle half▼ 37.9%-€215,047below the sector's middle half▼ 20.6%-€198,535▲ 7.7%
Solvency3.7%-10.3%▲ 6.6pp7.8%below the sector's middle half▼ 2.5pp7.8%below the sector's middle half=9.4%below the sector's middle half▲ 1.6pp-3.0%below the sector's middle half▼ 12.5pp4.7%below the sector's middle half▲ 7.7pp9.1%▲ 4.4pp
Current ratio0.70-0.48▼ 0.230.51below the sector's middle half▲ 0.030.56below the sector's middle half▲ 0.060.62below the sector's middle half▲ 0.050.47below the sector's middle half▼ 0.140.36below the sector's middle half▼ 0.110.42▲ 0.06
Return on assets (ROA)-2.4%-3.0%▲ 5.3pp-2.9%below the sector's middle half▼ 5.8pp0.0%below the sector's middle half▲ 2.9pp1.6%below the sector's middle half▲ 1.6pp-13.8%below the sector's middle half▼ 15.4pp-10.7%below the sector's middle half▲ 3.1pp4.7%▲ 15.4pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 19% lower than in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €373,766
Fixed assets
€232,556 ▲ 0.3%
Current assets
€141,209 ▲ 16.8%
Equity and liabilities €373,766
Equity
€34,022 ▲ 107%
Debt
€339,744 ▲ 1.0%
Debt's share of the balance-sheet total falls from 95.3% to 90.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,502▼
2025 · €20,160
Cash flow
€18,319▲
2025 · -€36,987
Debt to equity
9.99▼
2025 · 20.47
ROE
51.7%▲
2025 · -229.0%
Interest coverage
-47.03▼
2025 · 0.35
Debt ≤ 1 year
€339,744▲
2025 · €335,957
Income taxes
€238▲
2025 · €17
Customer credit
267 days▲
2025 · 188 days
Supplier credit
20 days▼
2025 · 21 days
Staff costs
€1,704
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-01-2022 | 31-01-2023 | 31-01-2024 | 31-01-2025 | 31-01-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,576 | €4,257 | - | €1,499 |
| Depreciation and write-downs of the year | €19,552 | €18,177 | €372 | €630 | €724 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €26,999 | €20,084 | €19,068 | €30,904 | €34,153 | €24,385 | €28,643 | €31,400 | ▲ 9.6% |
| Non-recurring operating income76A | - | - | - | - | - | - | €629 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €18,105 | €15,528 | €17,706 | €16,167 | €17,914 | ▲ 10.8% |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €1,704 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,434 | €27,537 | €23,475 | €19,552 | €18,177 | €372 | €630 | €724 | ▲ 15.0% |
| Other operating charges640/8 | - | - | - | €4,712 | €4,442 | €4,562 | €4,857 | €5,044 | ▲ 3.8% |
| Gross operating margin9900 | €18,268 | €17,133 | €16,960 | €22,313 | €28,858 | €18,576 | €25,016 | €23,249 | ▼ 7.1% |
| Operating profit (loss)9901 | -€15,719 | -€15,050 | -€11,182 | -€1,950 | €6,240 | €13,642 | €19,530 | €15,777 | ▼ 19.2% |
| Financial income75/76B | - | - | - | €609 | €721 | €1,131 | €1,122 | €1,704 | ▲ 51.8% |
| Recurring financial income75 | €19,074 | €21,455 | €444 | €609 | €721 | €1,131 | €1,122 | €1,704 | ▲ 51.8% |
| Financial charges65/66B | - | - | - | -€1,375 | €159 | €59,753 | €58,252 | -€351 | - |
| Recurring financial charges65 | €21,326 | -€5,565 | -€108 | -€1,375 | €159 | €59,753 | €58,252 | -€351 | - |
| Profit (loss) for the period before taxes9903 | -€17,971 | €11,970 | -€10,630 | €34 | €6,802 | -€44,980 | -€37,600 | €17,832 | - |
| Income taxes67/77 | €0 | €603 | - | -€132 | €715 | €117 | €17 | €238 | ▲ 14× |
| Profit (loss) for the period9904 | -€17,971 | €11,367 | -€10,630 | €166 | €6,087 | -€45,097 | -€37,617 | €17,594 | - |
| Profit (loss) for the period to be appropriated9905 | -€17,971 | €11,367 | -€10,630 | €166 | €6,087 | -€45,097 | -€37,617 | €17,594 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €764,602 | €382,643 | €370,621 | €371,669 | €372,267 | €327,494 | €352,692 | €373,766 | ▲ 6.0% |
| Fixed assets21/28 | €248,672 | €221,135 | €197,660 | €178,109 | €164,508 | €168,393 | €231,782 | €232,556 | ▲ 0.3% |
| Tangible fixed assets22/27 | €248,672 | €221,135 | €197,660 | €178,109 | €164,508 | €168,393 | €231,782 | €232,556 | ▲ 0.3% |
| Land and buildings22 | - | - | - | €178,109 | €163,990 | €167,990 | €231,494 | €230,979 | ▼ 0.2% |
| Furniture and vehicles24 | - | - | - | - | €519 | €403 | €288 | €1,577 | ▲ 448% |
| Current assets29/58 | €515,930 | €161,508 | €172,961 | €193,560 | €207,758 | €159,101 | €120,910 | €141,209 | ▲ 16.8% |
| Amounts receivable within one year40/41 | €107,175 | €119,541 | €126,480 | €132,076 | €140,177 | €76,240 | €26,017 | €42,455 | ▲ 63.2% |
| Trade receivables40 | - | - | - | €15,039 | €20,320 | €11,664 | €14,733 | €22,949 | ▲ 55.8% |
| Other amounts receivable41 | - | - | - | €117,037 | €119,856 | €64,576 | €11,284 | €19,506 | ▲ 72.9% |
| Current investments50/53 | €381,541 | €10,948 | €11,200 | €12,783 | €12,783 | €12,783 | €12,783 | €13,514 | ▲ 5.7% |
| Cash at bank and in hand54/58 | €25,561 | €28,867 | €33,635 | €47,028 | €53,155 | €69,202 | €81,210 | €83,926 | ▲ 3.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,673 | €1,643 | €876 | €900 | €1,314 | ▲ 45.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €764,602 | €382,643 | €370,621 | €371,669 | €372,267 | €327,494 | €352,692 | €373,766 | ▲ 6.0% |
| Equity10/15 | €28,134 | €39,501 | €28,871 | €29,036 | €35,123 | -€9,974 | €16,427 | €34,022 | ▲ 107% |
| Contributions10/11 | €150,731 | €150,731 | - | €150,731 | €150,731 | €150,731 | €150,731 | €150,731 | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €64,019 | €64,019 | = |
| Reserves13 | €24,900 | €24,900 | €24,900 | €24,900 | €24,900 | €24,900 | €24,900 | €24,900 | = |
| Non-distributable reserves130/1 | - | - | - | €18,900 | €18,900 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €18,900 | €18,900 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Distributable reserves133 | - | - | - | - | - | €18,900 | €18,900 | €18,900 | = |
| Profit (loss) carried forward14 | -€147,497 | -€136,130 | -€146,760 | -€146,595 | -€140,508 | -€185,605 | -€223,222 | -€205,628 | ▲ 7.9% |
| Amounts payable17/49 | €736,468 | €343,142 | €341,750 | €342,633 | €337,144 | €337,468 | €336,264 | €339,744 | ▲ 1.0% |
| Amounts payable within one year42/48 | €733,793 | €337,851 | €341,750 | €342,633 | €337,144 | €337,468 | €335,957 | €339,744 | ▲ 1.1% |
| Trade debts44 | €2,663 | €807 | €2,836 | €7,123 | €3,335 | €4,504 | €941 | €1,006 | ▲ 6.9% |
| Suppliers440/4 | - | - | - | €7,123 | €3,335 | €4,504 | €941 | €1,006 | ▲ 6.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | €750 | €5,735 | €5,735 | = |
| Taxes, remuneration and social security45 | - | - | - | €475 | €975 | €667 | €392 | €1,457 | ▲ 272% |
| Taxes450/3 | - | - | - | €475 | €975 | €667 | €392 | €1,457 | ▲ 272% |
| Other amounts payable47/48 | - | - | - | €335,034 | €332,834 | €331,546 | €328,889 | €331,546 | ▲ 0.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €307 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,971 | €11,367 | -€10,630 | €166 | €6,087 | -€45,097 | -€37,617 | €17,594 | - |
| + Depreciation and write-downs630 | €29,434 | €27,537 | €23,475 | €19,552 | €18,177 | €372 | €630 | €724 | ▲ 15.0% |
| Operating cash flow (approximation) | €11,463 | €38,904 | €12,845 | €19,717 | €24,264 | -€44,725 | -€36,987 | €18,319 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1 | -€4,576 | -€4,257 | -€64,019 | -€1,499 | ▲ 97.7% |
| Change in cash | - | €3,306 | €4,768 | €13,393 | €6,127 | €16,047 | €12,008 | €2,717 | ▼ 77.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,083 companies had the same profile as OPTISERV has now. Two years later, 96.9% were still going and 0.8% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
96.9%
was still going
2.2%
stopped otherwise
0.8%
went bankrupt
That fits the bankruptcy probability of OPTISERV itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for OPTISERV. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-01-2026 | micro format | 30-09-2026 | 2026-00537944 | |
| 31-01-2025 | micro format | 24-09-2025 | 2025-00503328 | |
| 31-01-2024 | micro format | 30-09-2024 | 2024-00481338 | |
| 31-01-2023 | micro format | 30-09-2023 | 2023-00472691 | |
| 31-01-2022 | micro format | 30-09-2022 | 2022-20453100 | |
| 31-01-2021 | micro format | 30-09-2021 | 2021-70900481 | |
| 31-01-2020 | micro format | 30-09-2020 | 2020-58400222 | |
| 31-01-2019 | micro format | 30-09-2019 | 2019-67900374 | |
| 31-01-2018 | micro format | 30-09-2018 | 2018-68400074 | |
| 31-01-2017 | micro format | 30-09-2017 | 2017-66500006 |