PROFUNDUS
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00482097.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 9 filings
Turnover
≈ €350,000
Estimated: probably between €300,000 and €510,000
Total assets
€7.4m▼ 18.8%
2024 · €9.1m
Net result
€85,878
2024 · -€259,306
Working capital
€1.2m▼ 60.0%
2024 · €3.1m
In the rankings
#6 company by total assets in Kortrijk, Telecoms and IT sector
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€130,457
▲ 27.0%
2025
20202025
Net result
€85,878
2025
highest quarter of the sector
20202025
Equity
€104,478
▼ 94.6%
2025
middle half of the sector
20202025
Total assets
€7.4m
▼ 18.8%
2025
highest quarter of the sector
20202025
Debt
€7.3m
▲ 1.6%
2025
20202025
Working capital
€1.2m
▼ 60.0%
2025
highest quarter of the sector
20202025
Solvency
1.4%
▼ 19.7pp
2025
lowest quarter of the sector
20202025
Current ratio
2.15
▼ 2.49
2025
middle half of the sector
20202025
Return on assets (ROA)
1.2%
▲ 4.0pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€2.4m-€0.2m▼ 93.1%€0.1m▼ 26.1%€0.1m▼ 10.4%€0.1m▼ 7.3%€0.1m▲ 27.0%
Net result€2.2mabove the sector's middle half-€0.05mabove the sector's middle half▼ 97.5%-€0.1mbelow the sector's middle half€0.1mabove the sector's middle half-€0.3mbelow the sector's middle half€0.09mabove the sector's middle half
Equity€2.5mabove the sector's middle half-€2.5mabove the sector's middle half▲ 1.4%€2.4mabove the sector's middle half▼ 5.3%€2.5mabove the sector's middle half▲ 5.8%€1.9mabove the sector's middle half▼ 22.8%€0.1mwithin the sector's middle half▼ 94.6%
Total assets€6.8mabove the sector's middle half-€5.0mabove the sector's middle half▼ 26.2%€5.7mabove the sector's middle half▲ 12.9%€7.9mabove the sector's middle half▲ 39.8%€9.1mabove the sector's middle half▲ 15.0%€7.4mabove the sector's middle half▼ 18.8%
Debt€4.3m-€2.5m▼ 41.7%€3.3m▲ 30.9%€5.4m▲ 64.1%€7.2m▲ 32.4%€7.3m▲ 1.6%
Working capital€2.0mabove the sector's middle half-€1.1mabove the sector's middle half▼ 45.6%€0.3mabove the sector's middle half▼ 74.1%-€1.9mbelow the sector's middle half€3.1mabove the sector's middle half€1.2mabove the sector's middle half▼ 60.0%
Solvency36.2%within the sector's middle half-49.7%within the sector's middle half▲ 13.5pp41.7%within the sector's middle half▼ 8.0pp31.5%below the sector's middle half▼ 10.1pp21.2%below the sector's middle half▼ 10.4pp1.4%below the sector's middle half▼ 19.7pp
Current ratio1.57within the sector's middle half-1.80within the sector's middle half▲ 0.231.12below the sector's middle half▼ 0.670.58below the sector's middle half▼ 0.544.64within the sector's middle half▲ 4.052.15within the sector's middle half▼ 2.49
Return on assets (ROA)32.1%above the sector's middle half-1.1%below the sector's middle half▼ 31.0pp-2.3%below the sector's middle half▼ 3.4pp1.7%below the sector's middle half▲ 4.1pp-2.8%below the sector's middle half▼ 4.6pp1.2%below the sector's middle half▲ 4.0pp
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 27% higher than in 2024. It is a recovery after the fall in 2024.
Large changes and their cause
- 2021 Net result -98% on 2020. This financial year ran 22 months, the previous one 23.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.4m
Fixed assets
€5.1m ▼ 2.0%
Current assets
€2.3m ▼ 41.3%
Equity and liabilities €7.4m
Equity
€104,478 ▼ 94.6%
Debt
€7.3m ▲ 1.6%
Debt's share of the balance-sheet total rises from 78.8% to 98.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€236,030▲
2024 · €208,590
Cash flow
€191,451▲
2024 · -€153,398
Debt to equity
69.94▲
2024 · 3.73
ROE
82.2%▲
2024 · -13.4%
Interest coverage
0.80▲
2024 · 0.49
Debt ≤ 1 year
€1.1m▲
2024 · €840,456
Debt > 1 year
€6.2m▼
2024 · €6.4m
Income taxes
€4,882▲
2024 · €502
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €1.0m | €1.0m | €1.0m | €1.0m | - |
| Carrying value of the mortgaged assets | €1.3m | €1.2m | €985,366 | €887,708 | - |
| Pledge on other assets, amount secured | - | - | - | - | €1.0m |
| Carrying value of the other pledged assets | - | - | - | - | €790,051 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €154,613 | €18,256 | €9,958 | - | €1,157 |
| Intangible fixed assets | €0 | - | - | - | - |
| Financial fixed assets | €1.3m | €661,948 | €2.3m | - | - |
| Depreciation and write-downs of the year | €219,857 | €123,174 | €106,505 | €105,908 | €105,573 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €0.03m | €0 | - | €0.003m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.3% |
| Other operating charges640/8 | - | €0.01m | €0.03m | €0.005m | €0.004m | €0.007m | ▲ 72.7% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €2.6m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 14.4% |
| Operating profit (loss)9901 | €2.4m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 27.0% |
| Financial income75/76B | - | €0.03m | €0.05m | €0.03m | €0.07m | €0.3m | ▲ 281% |
| Recurring financial income75 | €1 | €0.03m | €0.05m | €0.02m | €0.07m | €0.3m | ▲ 281% |
| Non-recurring financial income76B | - | - | - | €0.02m | €0 | - | - |
| Financial charges65/66B | - | €0.1m | €0.3m | -€0.01m | €0.4m | €0.3m | ▼ 31.4% |
| Recurring financial charges65 | €0.04m | €0.1m | €0.3m | -€0.01m | €0.4m | €0.3m | ▼ 31.4% |
| Profit (loss) for the period before taxes9903 | €2.4m | €0.08m | -€0.1m | €0.2m | -€0.3m | €0.09m | - |
| Income taxes67/77 | €0.2m | €0.03m | €0.02m | €0.02m | €0.001m | €0.005m | ▲ 873% |
| Profit (loss) for the period9904 | €2.2m | €0.05m | -€0.1m | €0.1m | -€0.3m | €0.09m | - |
| Profit (loss) for the period to be appropriated9905 | €2.2m | €0.05m | -€0.1m | €0.1m | -€0.3m | €0.09m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €6.8m | €5.0m | €5.7m | €7.9m | €9.1m | €7.4m | ▼ 18.8% |
| Fixed assets21/28 | €1.4m | €2.6m | €3.2m | €5.3m | €5.2m | €5.1m | ▼ 2.0% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 10.8% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.1m | €1.0m | €0.9m | ▼ 10.7% |
| Plant, machinery and equipment23 | - | €111 | €0 | €0.008m | €0.006m | €0.004m | ▼ 32.0% |
| Furniture and vehicles24 | - | €0.06m | €0.05m | €0.002m | €0.001m | €0.001m | ▲ 35.4% |
| Financial fixed assets28 | - | €1.3m | €2.0m | €4.3m | €4.3m | €4.3m | = |
| Current assets29/58 | €5.4m | €2.4m | €2.5m | €2.6m | €3.9m | €2.3m | ▼ 41.3% |
| Amounts receivable after more than one year29 | - | - | €0.4m | €0.4m | €0.4m | €0.1m | ▼ 75.0% |
| Other amounts receivable291 | - | - | €0.4m | €0.4m | €0.4m | €0.1m | ▼ 75.0% |
| Amounts receivable within one year40/41 | €0.06m | €0.03m | €0.08m | €0.1m | €1.4m | €0.06m | ▼ 95.6% |
| Trade receivables40 | - | €0.03m | €0.06m | €0.03m | €0.03m | €0.03m | ▲ 26.4% |
| Other amounts receivable41 | - | €0.003m | €0.02m | €0.08m | €1.4m | €0.03m | ▼ 97.8% |
| Current investments50/53 | - | €1.4m | €1.3m | €1.7m | €1.7m | €1.7m | ▼ 1.2% |
| Cash at bank and in hand54/58 | €5.4m | €1.0m | €0.7m | €0.4m | €0.4m | €0.5m | ▲ 22.7% |
| Deferred charges and accrued income490/1 | - | €0.004m | €0.006m | €0.003m | €0.02m | €0.004m | ▼ 82.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €6.8m | €5.0m | €5.7m | €7.9m | €9.1m | €7.4m | ▼ 18.8% |
| Equity10/15 | €2.5m | €2.5m | €2.4m | €2.5m | €1.9m | €0.1m | ▼ 94.6% |
| Contributions10/11 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €2.4m | €2.5m | €2.3m | €2.5m | €2.2m | €0.3m | ▼ 88.1% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | €2.5m | €2.3m | €2.5m | €2.2m | €0.3m | ▼ 88.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | -€0.3m | -€0.2m | ▲ 33.1% |
| Amounts payable17/49 | €4.3m | €2.5m | €3.3m | €5.4m | €7.2m | €7.3m | ▲ 1.6% |
| Amounts payable after more than one year17 | €0.9m | €1.1m | €1.1m | €1.0m | €6.4m | €6.2m | ▼ 1.8% |
| Financial debts170/4 | - | €1.1m | €1.1m | €1.0m | €6.4m | €6.2m | ▼ 1.8% |
| Amounts payable within one year42/48 | €3.5m | €1.3m | €2.2m | €4.5m | €0.8m | €1.1m | ▲ 26.8% |
| Current portion of amounts payable after more than one year42 | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.2% |
| Financial debts43 | - | €0.9m | €2.0m | €4.3m | €0.7m | €0.9m | ▲ 38.8% |
| Credit institutions430/8 | - | €0.9m | €2.0m | €4.3m | €0.7m | €0.9m | ▲ 38.8% |
| Trade debts44 | €0.2m | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 154% |
| Suppliers440/4 | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 154% |
| Taxes, remuneration and social security45 | - | €0.03m | €0.05m | €0.02m | €0.07m | €0.01m | ▼ 85.4% |
| Taxes450/3 | - | €0.03m | €0.05m | €0.02m | €0.07m | €0.01m | ▼ 85.4% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | €0.3m | €0.05m | €0 | - | €0.01m | - |
| Accrued charges and deferred income492/3 | - | €0.06m | €0.004m | €0.009m | €0 | €0.004m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.2m | €0.05m | -€0.1m | €0.1m | -€0.3m | €0.09m | - |
| + Depreciation and write-downs630 | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.3% |
| Operating cash flow (approximation) | €2.3m | €0.3m | -€0.009m | €0.2m | -€0.2m | €0.2m | - |
| Investment in fixed assets (approximation) | - | -€1.5m | -€0.7m | -€2.3m | €0 | -€0.001m | - |
| Change in cash | - | -€4.4m | -€0.2m | -€0.4m | €0.02m | €0.09m | ▲ 316% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00482097 | |
| 31-12-2024 | micro format | 15-08-2025 | 2025-00378281 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00139865 | |
| 31-12-2022 | micro format | 07-09-2023 | 2023-00439197 | |
| 31-12-2021 | micro format | 02-08-2022 | 2022-20260757 | |
| 29-02-2020 | micro format | 30-11-2020 | 2020-73400564 | |
| 31-03-2018 | micro format | 30-10-2018 | 2018-71100497 | |
| 31-03-2017 | micro format | 31-10-2017 | 2017-68800252 | |
| 31-03-2016 | abbreviated format | 31-10-2017 | 2017-68800256 |