POLYPHONIT
ActiveSummary
POLYPHONIT has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,696 and a net result of €88,682. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 30% of 21,059 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, micro format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€88,682▲ 302%
2024 · €22,069
Working capital
-€54,950
2024 · €6,759
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 28% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€26,627
2025
Net result€88,682
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€446,513
2025
Equity€151,696
2025
Debt€294,816
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€54,950
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)19.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.66
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€15,407-€12,027▼ 21.9%€11,804▼ 1.9%€22,907▲ 94.1%-€10,203€25,294€36,746▲ 45.3%€26,627▼ 27.5%
Net result€6,825-€4,752▼ 30.4%€4,161within the sector's middle half▼ 12.4%€13,988within the sector's middle half▲ 236%-€5,151below the sector's middle half€14,069within the sector's middle half€22,069within the sector's middle half▲ 56.9%€88,682above the sector's middle half▲ 302%
Equity€37,713-€42,465▲ 12.6%€46,625within the sector's middle half▲ 9.8%€60,613within the sector's middle half▲ 30.0%€55,462within the sector's middle half▼ 8.5%€69,531within the sector's middle half▲ 25.4%€78,944within the sector's middle half▲ 13.5%€151,696within the sector's middle half▲ 92.2%
Total assets€120,798-€85,001▼ 29.6%€130,970below the sector's middle half▲ 54.1%€190,789within the sector's middle half▲ 45.7%€224,555within the sector's middle half▲ 17.7%€224,227within the sector's middle half▼ 0.1%€205,139within the sector's middle half▼ 8.5%€446,513above the sector's middle half▲ 118%
Debt€83,085-€42,536▼ 48.8%€84,344▲ 98.3%€130,175▲ 54.3%€169,092▲ 29.9%€154,696▼ 8.5%€126,195▼ 18.4%€294,816▲ 134%
Working capital-€336-€6,206€12,668within the sector's middle half▲ 104%€4,769below the sector's middle half▼ 62.4%-€17,146below the sector's middle half-€11,076below the sector's middle half▲ 35.4%€6,759below the sector's middle half-€54,950below the sector's middle half
Solvency31.2%-50.0%▲ 18.7pp35.6%within the sector's middle half▼ 14.4pp31.8%below the sector's middle half▼ 3.8pp24.7%below the sector's middle half▼ 7.1pp31.0%below the sector's middle half▲ 6.3pp38.5%within the sector's middle half▲ 7.5pp34.0%within the sector's middle half▼ 4.5pp
Current ratio0.99-1.26▲ 0.261.25within the sector's middle half▼ 0.011.06below the sector's middle half▼ 0.180.80below the sector's middle half▼ 0.270.89below the sector's middle half▲ 0.091.07below the sector's middle half▲ 0.180.66below the sector's middle half▼ 0.42
Return on assets (ROA)5.6%-5.6%▼ 0.1pp3.2%within the sector's middle half▼ 2.4pp7.3%within the sector's middle half▲ 4.2pp-2.3%below the sector's middle half▼ 9.6pp6.3%within the sector's middle half▲ 8.6pp10.8%within the sector's middle half▲ 4.5pp19.9%within the sector's middle half▲ 9.1pp
Staff (FTE)0.3below the sector's middle half1.2▲ 300%1.2=1.1▼ 8.3%1.1=1▼ 9.1%
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446,513
Fixed assets
€341,697 ▲ 223%
Current assets
€104,816 ▲ 5.6%
Equity and liabilities €446,513
Equity
€151,696 ▲ 92.2%
Debt
€294,816 ▲ 134%
Debt's share of the balance-sheet total rises from 61.5% to 66.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58,839▼
2024 · €71,370
Cash flow
€120,893▲
2024 · €56,693
Debt to equity
1.94▲
2024 · 1.60
ROE
58.5%▲
2024 · 28.0%
Interest coverage
8.09▼
2024 · 14.69
Debt ≤ 1 year
€159,766▲
2024 · €92,476
Debt > 1 year
€135,051▲
2024 · €30,719
Income taxes
€17,676▲
2024 · €11,026
Staff costs
€81,238▲
2024 · €77,498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €10,860 | €814 | ▼ 92.5% |
| Remuneration, social security and pensions62 | - | - | - | €59,526 | €64,781 | €69,864 | €77,498 | €81,238 | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,331 | €22,207 | €24,180 | €23,725 | €37,019 | €32,664 | €34,624 | €32,211 | ▼ 7.0% |
| Other operating charges640/8 | - | - | - | €1,287 | €6,850 | €1,803 | €1,095 | €1,371 | ▲ 25.2% |
| Gross operating margin9900 | €43,489 | €35,101 | €46,659 | €107,446 | €98,447 | €129,625 | €149,963 | €141,448 | ▼ 5.7% |
| Operating profit (loss)9901 | €15,407 | €12,027 | €11,804 | €22,907 | -€10,203 | €25,294 | €36,746 | €26,627 | ▼ 27.5% |
| Financial income75/76B | - | - | - | €3 | €10,002 | €630 | €1,206 | €87,002 | ▲ 7,114% |
| Recurring financial income75 | - | €1 | €3 | €3 | €10,002 | €630 | €1,206 | €87,002 | ▲ 7,114% |
| Financial charges65/66B | - | - | - | €3,297 | €4,109 | €2,186 | €4,857 | €7,272 | ▲ 49.7% |
| Recurring financial charges65 | €1,039 | €1,276 | €1,681 | €3,297 | €4,109 | €2,186 | €4,857 | €7,272 | ▲ 49.7% |
| Profit (loss) for the period before taxes9903 | €14,368 | €10,752 | €10,126 | €19,613 | -€4,310 | €23,738 | €33,096 | €106,357 | ▲ 221% |
| Income taxes67/77 | €7,543 | €6,000 | €5,966 | €5,625 | €841 | €9,670 | €11,026 | €17,676 | ▲ 60.3% |
| Profit (loss) for the period9904 | €6,825 | €4,752 | €4,161 | €13,988 | -€5,151 | €14,069 | €22,069 | €88,682 | ▲ 302% |
| Profit (loss) for the period to be appropriated9905 | €6,825 | €4,752 | €4,161 | €13,988 | -€5,151 | €14,069 | €22,069 | €88,682 | ▲ 302% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €120,798 | €85,001 | €130,970 | €190,789 | €224,555 | €224,227 | €205,139 | €446,513 | ▲ 118% |
| Fixed assets21/28 | €72,830 | €54,554 | €66,623 | €111,134 | €157,968 | €136,319 | €105,904 | €341,697 | ▲ 223% |
| Tangible fixed assets22/27 | €71,630 | €50,254 | €61,960 | €106,471 | €153,305 | €131,656 | €101,241 | €70,368 | ▼ 30.5% |
| Land and buildings22 | - | - | - | €70,054 | €65,144 | €57,086 | €52,803 | €44,881 | ▼ 15.0% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,835 | €1,458 | €1,081 | ▼ 25.9% |
| Furniture and vehicles24 | - | - | - | €36,417 | €88,161 | €72,735 | €46,980 | €24,406 | ▼ 48.1% |
| Financial fixed assets28 | €1,200 | €4,300 | €4,663 | €4,663 | €4,663 | €4,663 | €4,663 | €271,330 | ▲ 5,719% |
| Current assets29/58 | €47,968 | €30,447 | €64,347 | €79,655 | €66,586 | €87,908 | €99,235 | €104,816 | ▲ 5.6% |
| Amounts receivable within one year40/41 | €20,783 | €20,650 | €28,272 | €49,184 | €41,465 | €57,304 | €76,148 | €61,898 | ▼ 18.7% |
| Trade receivables40 | - | - | - | €42,817 | €30,157 | €49,476 | €69,568 | €57,582 | ▼ 17.2% |
| Other amounts receivable41 | - | - | - | €6,368 | €11,308 | €7,828 | €6,581 | €4,316 | ▼ 34.4% |
| Cash at bank and in hand54/58 | €26,480 | €9,075 | €35,153 | €29,408 | €23,544 | €28,945 | €19,952 | €39,630 | ▲ 98.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,063 | €1,577 | €1,659 | €3,135 | €3,288 | ▲ 4.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €120,798 | €85,001 | €130,970 | €190,789 | €224,555 | €224,227 | €205,139 | €446,513 | ▲ 118% |
| Equity10/15 | €37,713 | €42,465 | €46,625 | €60,613 | €55,462 | €69,531 | €78,944 | €151,696 | ▲ 92.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €25,693 | €30,445 | €34,606 | €48,594 | €48,594 | €62,662 | €72,075 | €144,828 | ▲ 101% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €46,734 | €46,734 | €62,662 | €72,075 | €144,828 | ▲ 101% |
| Profit (loss) carried forward14 | €5,820 | €5,820 | €5,820 | €5,820 | €669 | €669 | €669 | €669 | = |
| Amounts payable17/49 | €83,085 | €42,536 | €84,344 | €130,175 | €169,092 | €154,696 | €126,195 | €294,816 | ▲ 134% |
| Amounts payable after more than one year17 | €34,781 | €18,296 | €32,666 | €55,290 | €85,360 | €54,989 | €30,719 | €135,051 | ▲ 340% |
| Financial debts170/4 | - | - | - | €55,290 | €85,360 | €54,989 | €30,719 | €135,051 | ▲ 340% |
| Amounts payable within one year42/48 | €48,304 | €24,240 | €51,678 | €74,886 | €83,732 | €98,984 | €92,476 | €159,766 | ▲ 72.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,377 | €32,070 | €30,371 | €24,270 | €44,078 | ▲ 81.6% |
| Financial debts43 | - | - | - | - | - | - | - | €35,000 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €35,000 | - |
| Trade debts44 | €12,500 | €1,813 | €898 | €8,762 | €9,173 | €23,046 | €14,927 | €18,935 | ▲ 26.8% |
| Suppliers440/4 | - | - | - | €8,762 | €9,173 | €23,046 | €14,927 | €18,935 | ▲ 26.8% |
| Taxes, remuneration and social security45 | - | - | - | €20,332 | €19,736 | €22,359 | €25,272 | €30,166 | ▲ 19.4% |
| Taxes450/3 | - | - | - | €13,686 | €12,092 | €13,868 | €12,717 | €20,360 | ▲ 60.1% |
| Remuneration and social security454/9 | - | - | - | €6,646 | €7,644 | €8,491 | €12,555 | €9,807 | ▼ 21.9% |
| Other amounts payable47/48 | - | - | - | €18,416 | €22,753 | €23,207 | €28,007 | €31,587 | ▲ 12.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €723 | €3,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,825 | €4,752 | €4,161 | €13,988 | -€5,151 | €14,069 | €22,069 | €88,682 | ▲ 302% |
| + Depreciation and write-downs630 | €23,331 | €22,207 | €24,180 | €23,725 | €37,019 | €32,664 | €34,624 | €32,211 | ▼ 7.0% |
| Operating cash flow (approximation) | €30,156 | €26,959 | €28,340 | €37,713 | €31,868 | €46,732 | €56,693 | €120,893 | ▲ 113% |
| Investment in fixed assets (approximation) | - | -€3,932 | -€36,248 | -€68,236 | -€83,854 | -€11,015 | -€4,209 | -€268,005 | ▼ 6,268% |
| Change in cash | - | -€17,405 | €26,078 | -€5,745 | -€5,864 | €5,401 | -€8,992 | €19,677 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00228748 |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00272694 |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00167561 |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00191924 |
| 31-12-2021 | micro format | 05-08-2022 | 2022-20276865 |
| 31-12-2020 | full format | 01-07-2021 | 2021-30300255 |
| 31-12-2019 | full format | 03-09-2020 | 2020-51200482 |
| 31-12-2018 | full format | 24-06-2019 | 2019-21400311 |
| 31-12-2017 | full format | 08-06-2018 | 2018-17200046 |
| 31-12-2016 | full format | 27-07-2017 | 2017-36500476 |
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Of the 29,864 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,795. 15,602 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.