RED HAT
ActiveSummary
RED HAT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.8m and a net result of €1.1m. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 1453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
History
RED HAT was incorporated on 17 January 2006.1 The name was changed to RED HAT in 2007.2 The registered office moved to Brussel in 2007, to Brussels in 2019 and to Bruxelles in 2025.234 Since 2022, Amy Biathrow Ross has served as director of the company.5 Revenue grew from EUR 9.2 million in 2019 to EUR 25 million in 2025 and headcount from 34.6 to 65.3 full-time equivalents.6
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
- 2021 Net result +60% on 2020. The previous fiscal year ran 10 months, this one 12.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €13.2m | €17.9m | €20.1m | €25.1m | - |
| Turnover70 | €11.5m | €13.2m | €17.9m | €20.1m | €25.1m | - |
| Operating charges60/66A | - | €12.2m | €16.8m | €18.9m | €23.6m | - |
| Services and other goods61 | - | €646,841 | €1.5m | €1.6m | €2.4m | - |
| Remuneration, social security and pensions62 | - | €11.5m | €15.2m | €17.2m | €21.1m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,562 | €28,821 | €29,115 | €43,561 | €50,803 | - |
| Other operating charges640/8 | - | €868 | €964 | €783 | €1,288 | - |
| Non-recurring operating charges66A | - | - | - | €156 | - | - |
| Gross operating margin9900 | €10.9m | - | - | - | - | - |
| Operating profit (loss)9901 | €630,635 | €1.0m | €1.1m | €1.3m | €1.6m | - |
| Financial income75/76B | - | €0 | €1,965 | €39,643 | €87,189 | - |
| Recurring financial income75 | €203 | €0 | €1,965 | €39,643 | €87,189 | - |
| Income from current assets751 | - | - | €1,965 | €39,603 | €87,189 | - |
| Other financial income752/9 | - | €0 | - | €40 | - | - |
| Financial charges65/66B | - | €8,676 | €8,472 | €8,010 | €8,376 | - |
| Recurring financial charges65 | €6,426 | €8,676 | €8,472 | €8,010 | €8,376 | - |
| Debt charges650 | - | - | - | €4,366 | €6,403 | - |
| Other financial charges652/9 | - | €8,676 | €8,472 | €3,644 | €1,973 | - |
| Profit (loss) for the period before taxes9903 | €624,412 | €1.0m | €1.1m | €1.3m | €1.6m | - |
| Income taxes67/77 | €184,359 | €302,731 | €377,315 | €424,227 | €557,983 | - |
| Taxes670/3 | - | €302,731 | €377,315 | €424,227 | €557,983 | - |
| Profit (loss) for the period9904 | €440,052 | €703,831 | €743,253 | €867,945 | €1.1m | - |
| Profit (loss) for the period to be appropriated9905 | €440,052 | €703,831 | €743,253 | €867,945 | €1.1m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.5m | €5.4m | €7.5m | €8.7m | €14.9m | - |
| Fixed assets21/28 | €82,123 | €70,441 | €109,113 | €117,364 | €108,201 | - |
| Tangible fixed assets22/27 | €48,328 | €36,646 | €75,318 | €83,569 | €67,143 | - |
| Furniture and vehicles24 | - | €36,646 | €75,318 | €83,569 | €67,143 | - |
| Financial fixed assets28 | €33,795 | €33,795 | €33,795 | €33,795 | €41,058 | - |
| Other financial fixed assets284/8 | - | €33,795 | €33,795 | €33,795 | €41,058 | - |
| Amounts receivable and cash guarantees285/8 | - | €33,795 | €33,795 | €33,795 | €41,058 | - |
| Current assets29/58 | €5.4m | €5.4m | €7.4m | €8.6m | €14.8m | - |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €1.8m | €3.8m | €5.6m | €5.0m | €12.3m | - |
| Other amounts receivable41 | - | €3.8m | €5.6m | €5.0m | €12.3m | - |
| Cash at bank and in hand54/58 | €2.4m | €112,272 | €64,685 | €1.6m | €150,190 | - |
| Deferred charges and accrued income490/1 | - | €1.5m | €1.7m | €2.0m | €2.4m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.5m | €5.4m | €7.5m | €8.7m | €14.9m | - |
| Equity10/15 | €2.2m | €2.9m | €3.6m | €4.5m | €6.8m | - |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | - |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | - |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | - | - |
| Distributable reserves133 | - | - | - | - | €1,855 | - |
| Profit (loss) carried forward14 | €2.2m | €2.9m | €3.6m | €4.5m | €6.8m | - |
| Amounts payable17/49 | €3.3m | €2.5m | €3.8m | €4.2m | €8.1m | - |
| Amounts payable within one year42/48 | €3.2m | €2.5m | €3.7m | €4.2m | €8.1m | - |
| Trade debts44 | €5,800 | €16,864 | €64,900 | €104,259 | €504,588 | - |
| Suppliers440/4 | - | €16,864 | €64,900 | €104,259 | €504,588 | - |
| Taxes, remuneration and social security45 | - | €2.4m | €3.5m | €4.1m | €7.6m | - |
| Taxes450/3 | - | €73,889 | €687,629 | €718,170 | €194,991 | - |
| Remuneration and social security454/9 | - | €2.4m | €2.8m | €3.3m | €7.4m | - |
| Other amounts payable47/48 | - | €13,835 | €133,900 | €1,982 | €4,079 | - |
| Accrued charges and deferred income492/3 | - | €48,672 | €175,229 | €28,964 | €58,770 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €440,052 | €703,831 | €743,253 | €867,945 | €1.1m | - |
| + Depreciation and write-downs630 | €25,562 | €28,821 | €29,115 | €43,561 | €50,803 | - |
| Operating cash flow (approximation) | €465,615 | €732,652 | €772,368 | €911,506 | €1.1m | - |
| Investment in fixed assets (approximation) | - | -€17,139 | -€67,787 | -€51,812 | - | - |
| Change in cash | - | -€2.3m | -€47,587 | €1.5m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
24-02
State Gazette act
Resignation: Ryan Matthew BARNHART (director)2 facts ▸
- General meeting, 30-01-2026
- Director resignation, Ryan Matthew BARNHART (director)
05-11
State Gazette act
Reappointment: PricewaterhouseCoopers Réviseurs d'Entreprises SRL (statutory auditor)Permanent representative: Griet Helsen · Power of attorney8 facts ▸
- General meeting, 29-09-2025
- Auditor reappointment, PricewaterhouseCoopers Réviseurs d'Entreprises SRL (statutory auditor)
- Permanent representative, Griet Helsen
- Power of attorney, Bart Vanderstraete
- Power of attorney, Amaury de Borchgrave
- Power of attorney, Alexandra Duysters
- Power of attorney, Rob Hermans
- Power of attorney, Nathan Przednowek
21-02
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 20-12-2024
- Registered-office move, Botanic Tower - 6e étage, Boulevard Saint-Lazare, 4-10, 1210 Bruxelles
05-09
State Gazette act
Resignation: Brian Klemm (director)Appointment: Amy Biathrow Ross (director) · Reappointment: PricewaterhouseCoopers Réviseurs d'Entreprises SRL (statutory auditor) · Mandate compensation9 facts ▸
- General meeting, 21-06-2022
- Director resignation, Brian Klemm (director)
- Director appointment, Amy Biathrow Ross (director)
- Mandate compensation, Amy Biathrow Ross
- Board composition, Michael O'Neill (director)
- Board composition, Ryan Barnhart (director)
- Board composition, Amy Biathrow Ross (director)
- General meeting, 30-06-2022
- Auditor reappointment, PricewaterhouseCoopers Réviseurs d'Entreprises SRL
Show earlier events
08-02
State Gazette act
Resignation: Laurie Krebs (director)Appointment: Ryan Matthew Barnhart (director) · Mandate compensation · Power of attorney9 facts ▸
- Director resignation, Laurie Krebs (director)
- Director appointment, Ryan Matthew Barnhart (director)
- Mandate compensation, Ryan Matthew Barnhart
- Board composition, Brian Klemm (director)
- Board composition, Michael O'Neill (director)
- Board composition, Ryan Matthew Barnhart (director)
- Power of attorney, Bart Vanderstraete
- Power of attorney, Amaury de Borchgrave
- Power of attorney, Charlotte Dermaut
01-03
State Gazette act
Annee ComptableStatutes amendment · Power of attorney4 facts ▸
- General meeting, 04-02-2021
- Statutes amendment
- Power of attorney, Bart Vanderstraete
- General meeting, 06-06-2021
14-08
State Gazette act
Resignation: SAVAGE Thomas (director)Appointment: KLEMM Brian William (director) · Purpose change · Reserve release11 facts ▸
- General meeting, 30-04-2020
- Purpose change, Wijziging van het voorwerp door vervanging van artikel 3 van de statuten
- Reserve release, Omvorming van de statutair onbeschikbare eigen vermogensrekening in een beschikbare eigen vermogensrekening
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Director resignation, SAVAGE Thomas (director)
- Director appointment, KLEMM Brian William (director)
- Mandate compensation, KLEMM Brian William
- Statutes amendment
- Statutes amendment
14-07
State Gazette act
Resignation: SAVAGE Thomas (director)Appointment: KLEMM Brian William (director) · Purpose change · Statutes amendment11 facts ▸
- General meeting, 30-04-2020
- Purpose change, Wijziging van het voorwerp door vervanging van artikel 3 van de statuten
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Director resignation, SAVAGE Thomas (director)
- Director appointment, KLEMM Brian William (director)
- Mandate compensation, KLEMM Brian William
- Statutes amendment
- Statutes amendment
24-12
State Gazette act
Resignation: Eric SHANDER (manager)Appointment: Laurie Ann KREBS (manager) · Mandate compensation4 facts ▸
- General meeting, 18-10-2019
- Director resignation, Eric SHANDER (manager)
- Director appointment, Laurie Ann KREBS (manager)
- Mandate compensation, Laurie Ann KREBS
18-10
State Gazette act
Reappointment: PriceWaterhouseCoopers Révisurs d'Entreprises SCRL (statutory auditor)Power of attorney7 facts ▸
- General meeting, 31-08-2019
- Auditor reappointment, PriceWaterhouseCoopers Révisurs d'Entreprises SCRL
- Power of attorney, Bart Vanderstraete
- Power of attorney, Amaury de Borchgrave
- Power of attorney, Evelyne Kerkdijk
- Power of attorney, Kety Tsochas
- Power of attorney, chaque gérant
16-07
State Gazette act
Registered officeRegistered-office move · Statutes amendment · Power of attorney7 facts ▸
- Board meeting, 06-06-2019
- Registered-office move, Havenlaan 86C, Box 204 - 1000 Brussels
- Statutes amendment
- Power of attorney, Bart Vanderstraete
- Power of attorney, Amaury de Borghgrave
- Power of attorney, Evelyne Kerkdijk
- Power of attorney, Kety Tsochas
17-08
State Gazette act
Resignation: Michael Cunningham (manager)Appointment: Thomas lan Savage (manager) · Mandate compensation · Power of attorney10 facts ▸
- General meeting, 30-07-2018
- Director resignation, Michael Cunningham (manager)
- Director appointment, Thomas lan Savage (manager)
- Mandate compensation, Thomas lan Savage
- Power of attorney, Bart Vanderstraete
- Power of attorney, Nathalie Lucas
- Power of attorney, Evelyne Kerkdijk
- Power of attorney, Guillaume Elleboudt
- Power of attorney, Kety Tsochas
- Power of attorney, Red Hat
28-10
State Gazette act
Reappointment: PricewaterhouseCoopers (statutory auditor)Power of attorney7 facts ▸
- General meeting, 30-09-2016
- Auditor reappointment, PricewaterhouseCoopers (statutory auditor)
- Power of attorney, Bart Vanderstraete
- Power of attorney, Anthony Bochon
- Power of attorney, Nathalie Lucas
- Power of attorney, Nele Jonckers
- Power of attorney, chaque gérant
27-04
State Gazette act
Resignation: Paul John Agriry (manager)Appointment: Eric Ryan Shander (manager) · Mandate compensation4 facts ▸
- General meeting, 15-04-2016
- Director resignation, Paul John Agriry (manager)
- Director appointment, Eric Ryan Shander (manager)
- Mandate compensation, Eric Ryan Shander
06-10
State Gazette act
Resignations: Matt Aaron PARSON (manager) and Charles PETERS (manager)Appointment: Paul John Argiry (manager) · Mandate compensation5 facts ▸
- General meeting, 21-09-2015
- Director resignation, Matt Aaron PARSON (manager)
- Director resignation, Charles PETERS (manager)
- Director appointment, Paul John Argiry (manager)
- Mandate compensation, Paul John Argiry
28-10
State Gazette act
Reappointment: PwC (statutory auditor)2 facts ▸
- General meeting, 26-09-2014
- Auditor reappointment, PwC (statutory auditor)
21-05
State Gazette act
Appointment: PwC Reviseurs d'Entreprises (statutory auditor)Permanent representative: Sofie VAN GRIEKEN · Power of attorney6 facts ▸
- General meeting, 05-05-2014
- Auditor appointment, PwC Reviseurs d'Entreprises
- Permanent representative, Sofie VAN GRIEKEN
- Power of attorney, Mathieu LOQUET
- Power of attorney, Tiffany PHILIPS
- Power of attorney, Ad-Ministerie
08-04
State Gazette act
Resignation: Paul William Hickey (manager)Appointment: Michael O'Neill (manager) · Mandate compensation4 facts ▸
- General meeting, 07-03-2014
- Director resignation, Paul William Hickey (manager)
- Director appointment, Michael O'Neill (manager)
- Mandate compensation, Michael O'Neill
11-10
State Gazette act
Resignation: Mark Hegarty (manager)Appointment: Paul William Hickey (manager) · Mandate compensation4 facts ▸
- General meeting, 23-09-2013
- Director resignation, Mark Hegarty (manager)
- Director appointment, Paul William Hickey (manager)
- Mandate compensation, Paul William Hickey
24-05
State Gazette act
Purpose · Statutes amendment4 facts ▸
- General meeting, 11-04-2012
- Statutes amendment
- Statutes amendment
- Statutes amendment
03-08
State Gazette act
Resignation: Michael Brendan Lane (manager)Appointment: Mark Patrick HEGARTY (manager) · Mandate compensation4 facts ▸
- General meeting, 30-06-2011
- Director resignation, Michael Brendan Lane (manager)
- Director appointment, Mark Patrick HEGARTY (manager)
- Mandate compensation, Mark Patrick HEGARTY
30-03
State Gazette act
Registered office · Capital & shares · Statutes amendmentName change · Registered-office move6 facts ▸
- General meeting, 29-01-2007
- Name change, RED HAT
- Registered-office move, Brussel (B-1050 Brussel), Louizalaan 165, bus 13
- Statutes amendment
- Statutes amendment
- Statutes amendment
26-06
State Gazette act
Resignation: Sacha Labourey (manager)Appointments: David Owens (director) and Michael Cunningham (director) · Mandate compensation6 facts ▸
- General meeting, 02-06-2006
- Director resignation, Sacha Labourey (manager)
- Director appointment, David Owens (director)
- Director appointment, Michael Cunningham (director)
- Mandate compensation, David Owens
- Mandate compensation, Michael Cunningham
Directors · office · real estate
Board 1
8 not recently confirmed
Statutory auditor 1
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0112/00K002 | Brussels | 3,162 m² | 1 · 2,256 m² | 79.3 m · 19 fl. |
| 23015B0320/00D000indicative | Flanders | 161 m² | - | - |
Linked by address, not proof of ownership
Mandate history
- Board
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Amy Biathrow Ross |
|
| PricewaterhouseCoopers Reviseurs d'Entreprises |
|
| David Owens |
|
| Mark Patrick HEGARTY |
|
| Michael O'Neill |
|
| Paul John Argiry |
|
| Eric Ryan Shander |
|
| Thomas lan Savage |
|
| Laurie Ann KREBS |
|
| KLEMM Brian William |
|
| Ryan Matthew Barnhart |
|
| Brian Klemm |
|
| Laurie Krebs |
|
| SAVAGE Thomas |
|
| Eric SHANDER |
|
| Michael Cunningham |
|
| Paul John Agriry |
|
| Charles PETERS |
|
| Matt Aaron PARSON |
|
| Paul William Hickey |
|
| Mark Hegarty |
|
| Michael Brendan Lane |
|
| Sacha Labourey |
|
Articles of association
Full purpose
La fourniture de logiciels et de services de traitement de données et de conseil, y compris les activités de marketing, de vente et de formation connexes; La création de succursales et l'acquisition, la détention, la vente et l'administration de participations de toute nature en Belgique et à l'étranger, La poursuite de toutes opérations, de quelque nature que ce soit, juridiques, économiques et financières, civiles et commerciales, mobilières ou immobilières, se rapportant directement ou indirectement à l'objet social ou à tout autre objet similaire ou connexe, susceptibles de promouvoir l'objectif poursuivi par la société, sa promotion, son extension ou son développement; La société a également pour objet: a) uniquement en son nom propre et pour son propre compte: la construction, l'aménagement et la gestion immobilière; toutes les actions, à l'intérieur ou à l'extérieur du système de TVA, concemant ses propriétés et biens immoblliers, telles que l'achat, la vente, la construction, la rénovation, l'aménagement et la décoration de l'intérieur, la location et la location, l'échange, le lotissement et, en général, toutes les actions directement ou indirectement liées à la gestion ou à l'exploitation des droits de propriété ou de l'immobilier, b) uniquement en son nom propre et pour son propre compte: toutes les actions relatives à ses biens mobiliers, de toute nature, telles que la vente et l'achat, la location et le bail, l'échange, et notamment la gestion et la valorisation de tous les biens négociables, actions, instruments de capitaux propres ou de quasi-capitaux propres, obligations et instruments de dette souveraine; c) uniquement en son nom et pour son propre compte: emprunter et autoríser des prêts, octroyer des sûretés, des crédits, du financement et la négociation de contrats de crédit-bail, dans le cadre des finalités décrites cl-dessus. À cet égard, la société peut coopérer avec, participer ou détenir des intérêts dans d'autres sociétés, directement ou indirectement de quelque manière que ce soit. La société peut accorder une garantie pour garantir ses propres obligations ou pour garantir des obligations de tiers, notamment en hypothéquant ou en gage ses biens, y compris la propre entreprise.
Structure & network
Owners and holdings
2 ownersOwners 2
- Red Hat Tech Holdings I, LLCUSparentSourceown accounts 202599%
- Red Hat Middleware LLCUSSourceown accounts 20251%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of RED HAT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- 14-08-2020 Capital stated in 2 acts · 100 shares
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.