Rationalize-IT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-06-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 7% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €5,650 | €14,096 | €1,573 |
| Depreciation and write-downs of the year | €1,646 | €2,931 | €3,207 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,646 | €2,931 | €3,207 | ▲ 9.4% |
| Other operating charges640/8 | €1,110 | €906 | €1,397 | ▲ 54.2% |
| Gross operating margin9900 | €60,587 | €91,039 | €85,911 | ▼ 5.6% |
| Operating profit (loss)9901 | €57,831 | €87,202 | €81,307 | ▼ 6.8% |
| Financial charges65/66B | €98 | €100 | €100 | = |
| Recurring financial charges65 | €98 | €100 | €100 | = |
| Profit (loss) for the period before taxes9903 | €57,733 | €87,102 | €81,207 | ▼ 6.8% |
| Income taxes67/77 | €16,600 | €24,378 | €17,337 | ▼ 28.9% |
| Profit (loss) for the period9904 | €41,133 | €62,724 | €63,870 | ▲ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €41,133 | €62,724 | €63,870 | ▲ 1.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €211,354 | €240,012 | €287,004 | ▲ 19.6% |
| Fixed assets21/28 | €5,855 | €12,189 | €10,555 | ▼ 13.4% |
| Tangible fixed assets22/27 | €5,855 | €12,189 | €10,555 | ▼ 13.4% |
| Furniture and vehicles24 | €4,349 | €11,083 | €9,849 | ▼ 11.1% |
| Other tangible fixed assets26 | €1,506 | €1,106 | €706 | ▼ 36.2% |
| Current assets29/58 | €205,499 | €227,823 | €276,449 | ▲ 21.3% |
| Amounts receivable within one year40/41 | €24,118 | €30,262 | €17,979 | ▼ 40.6% |
| Trade receivables40 | €18,718 | €30,262 | €10,316 | ▼ 65.9% |
| Other amounts receivable41 | €5,400 | - | €7,663 | - |
| Cash at bank and in hand54/58 | €180,656 | €195,927 | €256,788 | ▲ 31.1% |
| Deferred charges and accrued income490/1 | €725 | €1,634 | €1,682 | ▲ 2.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €211,354 | €240,012 | €287,004 | ▲ 19.6% |
| Equity10/15 | €200,022 | €228,746 | €206,257 | ▼ 9.8% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €199,022 | €227,746 | €205,257 | ▼ 9.9% |
| Non-distributable reserves130/1 | €100 | €100 | €100 | = |
| Reserves not available under the articles1311 | €100 | €100 | €100 | = |
| Distributable reserves133 | €198,922 | €227,646 | €205,157 | ▼ 9.9% |
| Amounts payable17/49 | €11,332 | €11,266 | €80,747 | ▲ 617% |
| Amounts payable within one year42/48 | €11,332 | €11,266 | €80,502 | ▲ 615% |
| Trade debts44 | €2,410 | €1,631 | €5,084 | ▲ 212% |
| Suppliers440/4 | €2,410 | €1,631 | €5,084 | ▲ 212% |
| Taxes, remuneration and social security45 | €8,249 | €9,211 | €9,693 | ▲ 5.2% |
| Taxes450/3 | €8,249 | €9,211 | €6,913 | ▼ 24.9% |
| Remuneration and social security454/9 | - | - | €2,780 | - |
| Other amounts payable47/48 | €673 | €424 | €65,725 | ▲ 155× |
| Accrued charges and deferred income492/3 | - | - | €245 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,133 | €62,724 | €63,870 | ▲ 1.8% |
| + Depreciation and write-downs630 | €1,646 | €2,931 | €3,207 | ▲ 9.4% |
| Operating cash flow (approximation) | €42,779 | €65,655 | €67,077 | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | -€9,265 | -€1,573 | ▲ 83.0% |
| Change in cash | - | €15,271 | €60,861 | ▲ 299% |
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, 26,972 companies had the same profile as Rationalize-IT has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Rationalize-IT itself is lower: < 0.1% within 12 months. It rests on far more data about Rationalize-IT than the profile alone.
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 26,972 companies, not a prediction for Rationalize-IT. 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.