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PROGRAMMADS

Active Private limited companyfounded 2011active for 15 yearsVorstlaan 25, 1170 Watermael-BoitsfortKBO/BCE: BE 0840.247.256 subsidiary of VIRTUOLOGY INTERNATIONAL
Part of the group VIRTUOLOGY INTERNATIONAL 21 companies in 6 countries
See the group
PROGRAMMADS
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 31-07-2026, on the day of the deadline
€1.3m
▲ 31.6%
€866,453
▲ 48.7%
€374,579
▼ 12.0%
€520,315
▲ 37.7%
3.4%
▲ 0.1 percentage points
1.03
▲ 0.01

The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.5m. Estimated: probably between €1.7m and €3.2m.

Balance sheet

balance sheet total €16.5m on 31-12-2025
What the company ownsHow it is paid for

in euro

in €m

Position in the sector

Compare with sector

3.4%

Higher than 11% of 10,856 companies in 2025.

1.03

Higher than 38% of 10,478 companies in 2025.

2.3%

Higher than 37% of 10,725 companies in 2025.

PROGRAMMADS Middle half of the sector 80% of the sector Abbreviated accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

€87,994

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 2 people joined and 1 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012
Balance sheet: assets
20/58 16.5m15.0m7.2m4.3m2.8m1.3m835,4301.4m669,509586,846196,0374,64414,67535,361
21/28 453,956288,173186,12888,31033,91911,8665,3965,40350---7072,115
21 453,906288,123181,90587,44231,7538,817--------
22/27 --2738182,1162,9995,3465,353----7072,115
23 --2738181,6331,3412,5131,344----7072,115
24 ----4831,6582,8334,008------
28 50503,950505050505050-----
29/58 16.1m14.7m7.0m4.2m2.8m1.3m830,0341.3m669,459586,846196,0374,64413,96833,246
40/41 13.1m13.7m5.1m2.7m1.5m1.2m761,0971.3m657,857510,968153,3003,6768,32926,596
40 5.2m13.6m5.1m2.7m1.5m1.1m499,6111.3m657,799510,968151,6022,1336,78326,596
41 7.9m105,01827610,24610,164121,236261,4872,14558-1,6981,5431,546-
54/58 3.0m795,1961.8m1.5m1.3m49,22057,22731,1188,93975,67342,6039685,6394,894
490/1 18,076159,10774,27742,4809,37415,95311,7102,8662,663205134--1,756
Balance sheet: equity and liabilities
10/49 16.5m15.0m7.2m4.3m2.8m1.3m835,4301.4m669,509586,846196,0374,64414,67535,361
10/15 562,976488,397313,342327,151142,35190,477205,460173,47782,98846,01218,5624,600-39,321-78,647
10/11 10,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,000
100 ------20,00020,00020,00020,00020,00020,00020,00020,000
101 ------10,00010,00010,00010,00010,00010,00010,00010,000
13 143,821143,821143,8212,0002,0002,0002,0002,0003,649-----
130/1 2,000-2,0002,0002,0002,000--------
130 ------2,0002,0003,649-----
1311 2,000-2,0002,0002,0002,000--------
132 141,821141,821141,821-----------
133 -2,000------------
14 409,155334,576158,702313,349127,56678,477193,460161,47769,33836,0128,562-5,400-49,321-88,647
15 --8191,8022,785---------
16 --273601928---------
168 --273601928---------
17/49 16.0m14.5m6.9m4.0m2.7m1.2m629,9701.2m586,521540,834177,4754453,996114,008
42/48 15.6m14.3m6.8m3.7m2.4m996,392494,2501.2m585,855540,834177,4754448,950108,296
43 113,73142,09716,95614,1481,2275,41314,0494,265------
430/8 113,73142,09716,95614,1481,2275,41314,0494,265------
44 14.3m13.2m6.5m3.4m2.2m555,775401,201897,905425,301363,611100,07822-32,547
440/4 14.3m13.2m6.5m3.4m2.2m555,775401,201897,905425,301363,611100,07822-32,547
46 558,009394,5099,5339,04270,346354,0584,23548,750-47,42722,996---
45 319,027375,414267,636325,678132,91681,14674,765207,485106,51298,97644,01023-2,899
450/3 270,231338,445235,577292,413105,07953,36943,019169,17365,62798,97644,01023-2,899
454/9 48,79636,96932,05933,26527,83727,77731,74638,31340,885-----
47/48 301,702262,0004,85420---20,13854,04230,81910,391-48,95072,850
492/3 411,295177,767150,786249,024251,251182,284135,721866666---5,0465,712
Income statement
76A 20910-2,755-------40,00045,000-
9900 1.3m1.0m240,382561,378309,36182,682299,533399,574254,91565,37832,3764,824-4,84616,247
62 255,182270,853271,274281,838241,228220,352246,089241,323148,1812,632--186100,776
630 201,890126,13169,33226,80312,4353,0302,078793---370404818
640/8 1,02026,9009828731,0251,1216575325,752348587437891,415
66A -------20,43834,04220,42910,39137--
9901 866,453582,550-101,206251,86454,673-141,82150,709136,48866,94041,96931,7894,017-5,525-86,763
75/76B 32,42682,25159,8879,7981,8988,9544,302-41-2-5
75 32,42682,25159,8879,7981,8988,9544,302-41-2-5
65/66B 367,86273,2939,5392,8322,7011,7202,6413,4791,21610977391831,762
65 367,86273,2939,5392,8322,7011,7202,6413,4791,21610977391831,762
9903 531,017591,508-50,858258,82953,871-134,58752,370133,00965,72841,86121,32243,94439,292-88,520
780 -27332832855---------
67/77 156,438165,90724073,3744,836-19,60420,38642,52028,75314,4107,35923-34127
9904 374,579425,874-50,770185,78249,089-114,98331,98390,48936,97627,45013,96243,92139,326-88,647
9905 374,579425,874-50,770185,78249,089-114,98331,98390,48936,97627,45013,96243,92139,326-88,647
Appropriation of the result
9906 709,155584,576158,702313,349127,56678,477193,460159,82772,98836,0128,562-5,400-49,321-88,647
14P 334,576158,702209,472127,56678,477---------
791/2 -------1,649------
691/2 --------3,649-----
6920 --------3,649-----
694/7 300,000250,000------------
694 300,000250,000------------
Social balance sheet
9087 2.93.44.85.64.54.64.44.24.30.2--01
Hours worked1013 5,7065,2897,5059,5156,8366,1907,3536,8297,197304--01,941
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-07-2026 2026-00372813 PDF
31-12-2024 full format 30-09-2025 2025-00521583 PDF
31-12-2023 full format 17-07-2024 2024-00252705 PDF
31-12-2022 full format 31-08-2023 2023-00386813 PDF
31-12-2021 full format 26-08-2022 2022-20321618 PDF
31-12-2020 full format 31-08-2021 2021-58100017 PDF
31-12-2019 full format 07-08-2020 2020-39600070 PDF
31-12-2018 full format 30-08-2019 2019-55300187 PDF
31-12-2017 full format 31-08-2018 2018-54800219 PDF
31-12-2016 full format 31-08-2017 2017-50800250 PDF
31-12-2015 full format 31-08-2016 2016-51100469 PDF
31-12-2014 full format 27-08-2015 2015-47500583 PDF
31-12-2013 full format 31-07-2014 2014-36800374 PDF
31-12-2012 full format 29-08-2013 2013-48600097 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012
1.1m708,681-31,874278,66767,108-138,79152,787137,281---4,388-5,121-85,945
576,469552,00518,562212,58561,525-111,95334,06291,282---44,29139,730-87,829
367,674232,076167,15081,57934,4889,5002,0726,14550---337-1,0042,933
2.2m-1.0m364,348189,9201.2m-8,00726,10822,179-66,73533,07041,635-4,670745-
520,315377,991278,273488,465360,611260,895335,784168,94083,60346,01218,5624,600-34,982-75,050
3.4%3.3%4.3%7.6%5.1%7.1%24.6%12.8%12.4%7.8%9.5%--268.0%-222.4%
1.031.031.041.131.151.261.681.141.141.091.10-0.290.31
28.3529.6322.0412.1118.7913.033.076.807.0711.759.56---
66.5%87.2%-16.2%56.8%34.5%-127.1%15.6%52.2%44.6%59.7%75.2%---
2.3%2.8%-0.7%4.3%1.7%-9.1%3.8%6.7%5.5%4.7%7.1%-268.0%-250.7%
2.909.67-3.3498.3924.85---------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date43375
full-time43375
in full-time equivalents43375
2.93.44.85.64.5
On a permanent contract43363
Joined21173
Left11552
Training hours---2,242631

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets----€1,636
Intangible fixed assets€367,674€232,076€163,250€81,579€32,852
Financial fixed assets--€3,900--
€201,890€126,131€69,332€26,803€12,435

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on PROGRAMMADS

The operating result for 2025 is 49% higher than in 2024 and the highest since 2012. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 96.7% to 96.6%. Equity and debt are higher.

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