OSIX
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 31 filings
Turnover
€110,922▼ 18.4%
2018 · €135,914
EBIT margin
-10.6%▼ 13.8pp
2018 · 3.1%
Net result
€11,792▲ 49×
2024 · €241
Working capital
€45,535▲ 53.7%
2024 · €29,633
In the rankings
#3 oldest company in Chaumont-Gistoux, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€9,833
2025
20182025
Net result
€11,792
▲ 49×
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€71,538
▲ 16.6%
2025
middle half of the sector
20182025
Total assets
€97,668
▲ 2.1%
2025
middle half of the sector
20182025
Debt
€26,130
▼ 23.8%
2025
20182025
Working capital
€45,535
▲ 53.7%
2025
middle half of the sector
20182025
Solvency
73.2%
▲ 9.1pp
2025
middle half of the sector
20182025
Current ratio
2.74
▲ 0.80
2025
middle half of the sector
20182025
Return on assets (ROA)
12.1%
▲ 11.8pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€135,914-€110,922▼ 18.4%
Operating result€4,277--€11,787€6,141-€16,360-€27,125▼ 65.8%-€12,854▲ 52.6%-€891▲ 93.1%€9,833
Net result€5,339--€9,427€35,738within the sector's middle half-€5,982below the sector's middle half-€25,931below the sector's middle half▼ 333%-€5,831below the sector's middle half▲ 77.5%€241below the sector's middle half€11,792within the sector's middle half▲ 49×
EBIT margin3.1%--10.6%▼ 13.8pp
Equity€456,228-€71,590▼ 84.3%€105,249within the sector's middle half▲ 47.0%€97,667within the sector's middle half▼ 7.2%€70,136within the sector's middle half▼ 28.2%€62,705within the sector's middle half▼ 10.6%€61,346within the sector's middle half▼ 2.2%€71,538within the sector's middle half▲ 16.6%
Total assets€468,362-€455,424▼ 2.8%€129,516below the sector's middle half▼ 71.6%€125,500within the sector's middle half▼ 3.1%€100,090within the sector's middle half▼ 20.2%€116,200within the sector's middle half▲ 16.1%€95,647within the sector's middle half▼ 17.7%€97,668within the sector's middle half▲ 2.1%
Debt€12,134-€383,834▲ 32×€24,267▼ 93.7%€27,833▲ 14.7%€29,954▲ 7.6%€53,495▲ 78.6%€34,301▼ 35.9%€26,130▼ 23.8%
Working capital€28,370--€355,954€5,394below the sector's middle half€6,378below the sector's middle half▲ 18.2%€2,752below the sector's middle half▼ 56.9%€33,796within the sector's middle half▲ 12×€29,633within the sector's middle half▼ 12.3%€45,535within the sector's middle half▲ 53.7%
Solvency97.4%-15.7%▼ 81.7pp81.3%above the sector's middle half▲ 65.5pp77.8%within the sector's middle half▼ 3.4pp70.1%within the sector's middle half▼ 7.7pp54.0%within the sector's middle half▼ 16.1pp64.1%within the sector's middle half▲ 10.2pp73.2%within the sector's middle half▲ 9.1pp
Current ratio3.34-0.07▼ 3.271.22within the sector's middle half▲ 1.151.23below the sector's middle half▲ 0.011.09below the sector's middle half▼ 0.141.86within the sector's middle half▲ 0.771.94within the sector's middle half▲ 0.082.74within the sector's middle half▲ 0.80
Return on assets (ROA)1.1%--2.1%▼ 3.2pp27.6%above the sector's middle half▲ 29.7pp-4.8%below the sector's middle half▼ 32.4pp-25.9%below the sector's middle half▼ 21.1pp-5.0%below the sector's middle half▲ 20.9pp0.3%below the sector's middle half▲ 5.3pp12.1%within the sector's middle half▲ 11.8pp
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 2025 is a profit of €9,833, after a loss of €891 in 2024. It is the highest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97,668
Fixed assets
€26,003 ▼ 24.7%
Current assets
€71,665 ▲ 17.3%
Equity and liabilities €97,668
Equity
€71,538 ▲ 16.6%
Debt
€26,130 ▼ 23.8%
Debt's share of the balance-sheet total falls from 35.9% to 26.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,415▲
2024 · €7,691
Cash flow
€20,374▲
2024 · €8,823
Debt to equity
0.37▼
2024 · 0.56
ROE
16.5%▲
2024 · 0.4%
Interest coverage
59.60▲
2024 · 24.97
Debt ≤ 1 year
€26,130▼
2024 · €31,463
Income taxes
-€1,642▼
2024 · €456
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,859 | €3,000 | €39,899 | - | - |
| Financial fixed assets | €6,019 | - | €18 | €34 | €34 |
| Depreciation and write-downs of the year | €620 | €919 | €9,202 | €8,582 | €8,582 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €135,914 | €110,922 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €3,453 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €406 | €407 | - | €620 | €919 | €9,202 | €8,582 | €8,582 | = |
| Other operating charges640/8 | - | - | - | €1,005 | €1,195 | €2,347 | €1,127 | €1,166 | ▲ 3.5% |
| Gross operating margin9900 | €5,683 | -€10,171 | €7,209 | -€14,735 | -€25,011 | -€1,305 | €8,818 | €19,581 | ▲ 122% |
| Operating profit (loss)9901 | €4,277 | -€11,787 | €6,141 | -€16,360 | -€27,125 | -€12,854 | -€891 | €9,833 | - |
| Financial income75/76B | - | - | - | €10,619 | €1,769 | €9,918 | €1,896 | €626 | ▼ 67.0% |
| Recurring financial income75 | €1,681 | €3,101 | €2,299 | €34 | €988 | €26 | €1,896 | €626 | ▼ 67.0% |
| Non-recurring financial income76B | - | - | - | €10,585 | €781 | €9,892 | - | - | - |
| Financial charges65/66B | - | - | - | €449 | €175 | €247 | €308 | €309 | ▲ 0.3% |
| Recurring financial charges65 | €261 | €251 | €610 | €449 | €175 | €247 | €308 | €309 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €5,697 | -€8,723 | €35,920 | -€6,190 | -€25,531 | -€3,183 | €697 | €10,150 | ▲ 15× |
| Income taxes67/77 | €358 | €704 | €182 | -€208 | €400 | €2,648 | €456 | -€1,642 | - |
| Profit (loss) for the period9904 | €5,339 | -€9,427 | €35,738 | -€5,982 | -€25,931 | -€5,831 | €241 | €11,792 | ▲ 49× |
| Profit (loss) for the period to be appropriated9905 | €5,339 | -€9,427 | €35,738 | -€5,982 | -€25,931 | -€5,831 | €241 | €11,792 | ▲ 49× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €468,362 | €455,424 | €129,516 | €125,500 | €100,090 | €116,200 | €95,647 | €97,668 | ▲ 2.1% |
| Fixed assets21/28 | €427,858 | €427,544 | €99,855 | €91,289 | €67,384 | €43,099 | €34,551 | €26,003 | ▼ 24.7% |
| Tangible fixed assets22/27 | €407 | - | - | €1,239 | €3,320 | €34,017 | €25,435 | €16,853 | ▼ 33.7% |
| Furniture and vehicles24 | - | - | - | €1,239 | €620 | €31,617 | €23,335 | €15,053 | ▼ 35.5% |
| Other tangible fixed assets26 | - | - | - | - | €2,700 | €2,400 | €2,100 | €1,800 | ▼ 14.3% |
| Financial fixed assets28 | €427,451 | €427,544 | €99,855 | €90,050 | €64,064 | €9,082 | €9,116 | €9,150 | ▲ 0.4% |
| Current assets29/58 | €40,504 | €27,880 | €29,661 | €34,211 | €32,706 | €73,101 | €61,096 | €71,665 | ▲ 17.3% |
| Amounts receivable within one year40/41 | €9,740 | €8,941 | €8,470 | €7,411 | €7,514 | €8,394 | €911 | €9,190 | ▲ 909% |
| Trade receivables40 | - | - | - | €7,411 | €7,514 | €8,394 | - | €9,190 | - |
| Other amounts receivable41 | - | - | - | - | - | - | €911 | - | - |
| Current investments50/53 | €796 | €3,441 | €697 | €722 | €845 | - | - | - | - |
| Cash at bank and in hand54/58 | €27,462 | €12,551 | €18,086 | €23,980 | €21,721 | €63,803 | €59,270 | €61,543 | ▲ 3.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,098 | €2,626 | €904 | €915 | €932 | ▲ 1.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €468,362 | €455,424 | €129,516 | €125,500 | €100,090 | €116,200 | €95,647 | €97,668 | ▲ 2.1% |
| Equity10/15 | €456,228 | €71,590 | €105,249 | €97,667 | €70,136 | €62,705 | €61,346 | €71,538 | ▲ 16.6% |
| Contributions10/11 | €382,647 | €7,436 | €7,437 | €44,874 | €44,874 | €44,874 | €44,874 | €44,874 | = |
| Capital10 | - | - | - | €7,437 | - | - | - | - | - |
| Issued capital100 | - | - | - | €7,437 | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | €37,437 | - | - | - | - | - |
| Other1109/19 | - | - | - | €37,437 | - | - | - | - | - |
| Reserves13 | €40,000 | €40,000 | €2,563 | €2,563 | €2,563 | €2,563 | €2,563 | €2,563 | = |
| Non-distributable reserves130/1 | - | - | - | €2,563 | €2,563 | €2,563 | €2,563 | €2,563 | = |
| Legal reserve130 | - | - | - | €2,563 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €2,563 | €2,563 | €2,563 | €2,563 | = |
| Profit (loss) carried forward14 | €33,581 | €24,154 | €57,812 | €50,230 | €22,699 | €15,268 | €13,909 | €24,101 | ▲ 73.3% |
| Amounts payable17/49 | €12,134 | €383,834 | €24,267 | €27,833 | €29,954 | €53,495 | €34,301 | €26,130 | ▼ 23.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | €14,190 | €2,838 | - | - |
| Financial debts170/4 | - | - | - | - | - | €14,190 | €2,838 | - | - |
| Amounts payable within one year42/48 | €12,134 | €383,834 | €24,267 | €27,833 | €29,954 | €39,305 | €31,463 | €26,130 | ▼ 17.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €11,352 | €11,352 | €2,838 | ▼ 75.0% |
| Trade debts44 | €2,766 | €4,142 | €3,668 | €4,384 | €1,649 | €2,800 | €358 | €250 | ▼ 30.2% |
| Suppliers440/4 | - | - | - | €4,384 | €1,649 | €2,800 | €358 | €250 | ▼ 30.2% |
| Taxes, remuneration and social security45 | - | - | - | €3,930 | €7,652 | €4,624 | - | €3,979 | - |
| Taxes450/3 | - | - | - | €3,930 | €7,652 | €4,624 | - | €3,979 | - |
| Other amounts payable47/48 | - | - | - | €19,519 | €20,653 | €20,529 | €19,753 | €19,063 | ▼ 3.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,339 | -€9,427 | €35,738 | -€5,982 | -€25,931 | -€5,831 | €241 | €11,792 | ▲ 49× |
| + Depreciation and write-downs630 | €406 | €407 | - | €620 | €919 | €9,202 | €8,582 | €8,582 | = |
| Operating cash flow (approximation) | €5,745 | -€9,020 | €35,738 | -€5,362 | -€25,012 | €3,371 | €8,823 | €20,374 | ▲ 131% |
| Investment in fixed assets (approximation) | - | -€93 | €327,689 | €7,946 | €22,986 | €15,083 | -€34 | -€34 | = |
| Change in cash | - | -€14,911 | €5,535 | €5,894 | -€2,259 | €42,082 | -€4,533 | €2,273 | - |
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, 31,368 companies had the same profile as OSIX has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of OSIX 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 31,368 companies, not a prediction for OSIX. 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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00232085 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00216414 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00241928 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00196725 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20097234 | |
| 31-12-2020 | full format | 10-06-2021 | 2021-19200476 | |
| 31-12-2019 | full format | 09-07-2020 | 2020-28400438 | |
| 31-12-2018 | full format | 14-05-2019 | 2019-13100202 | |
| 31-12-2017 | full format | 07-06-2018 | 2018-16800033 | |
| 31-12-2016 | full format | 08-06-2017 | 2017-15900447 |