REVOLVE-IT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 11-06-2026 PDF all 16 filings
Turnover
≈ €160,000
Estimated: probably between €120,000 and €210,000
Total assets
€164,359▲ 8.7%
2024 · €151,250
Net result
€30,790▲ 24.9%
2024 · €24,654
Working capital
€124,199▲ 12.4%
2024 · €110,451
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€41,371
▲ 19.5%
2025
20182025
Net result
€30,790
▲ 24.9%
2025
middle half of the sector
20182025
Equity
€135,777
▲ 9.4%
2025
middle half of the sector
20182025
Total assets
€164,359
▲ 8.7%
2025
middle half of the sector
20182025
Debt
€28,581
▲ 5.4%
2025
20182025
Working capital
€124,199
▲ 12.4%
2025
highest quarter of the sector
20182025
Solvency
82.6%
▲ 0.5pp
2025
highest quarter of the sector
20182025
Current ratio
5.35
▲ 0.27
2025
highest quarter of the sector
20182025
Return on assets (ROA)
18.7%
▲ 2.4pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€21,856-€25,413▲ 16.3%€26,944▲ 6.0%€28,312▲ 5.1%€19,906▼ 29.7%€15,352▼ 22.9%€34,626▲ 126%€41,371▲ 19.5%
Net result€14,933-€17,931▲ 20.1%€18,369within the sector's middle half▲ 2.4%€20,422within the sector's middle half▲ 11.2%€14,833within the sector's middle half▼ 27.4%€41,281within the sector's middle half▲ 178%€24,654within the sector's middle half▼ 40.3%€30,790within the sector's middle half▲ 24.9%
Equity€51,696-€69,627▲ 34.7%€87,996within the sector's middle half▲ 26.4%€89,418within the sector's middle half▲ 1.6%€86,751within the sector's middle half▼ 3.0%€112,299within the sector's middle half▲ 29.5%€124,120within the sector's middle half▲ 10.5%€135,777within the sector's middle half▲ 9.4%
Total assets€94,108-€81,530▼ 13.4%€96,419within the sector's middle half▲ 18.3%€112,980within the sector's middle half▲ 17.2%€111,556within the sector's middle half▼ 1.3%€147,831within the sector's middle half▲ 32.5%€151,250within the sector's middle half▲ 2.3%€164,359within the sector's middle half▲ 8.7%
Debt€42,412-€11,904▼ 71.9%€8,423▼ 29.2%€23,562▲ 180%€24,806▲ 5.3%€35,532▲ 43.2%€27,129▼ 23.6%€28,581▲ 5.4%
Working capital€44,137-€65,079▲ 47.4%€82,463within the sector's middle half▲ 26.7%€83,783within the sector's middle half▲ 1.6%€78,975within the sector's middle half▼ 5.7%€97,701within the sector's middle half▲ 23.7%€110,451within the sector's middle half▲ 13.0%€124,199above the sector's middle half▲ 12.4%
Solvency54.9%-85.4%▲ 30.5pp91.3%above the sector's middle half▲ 5.9pp79.1%within the sector's middle half▼ 12.1pp77.8%within the sector's middle half▼ 1.4pp76.0%within the sector's middle half▼ 1.8pp82.1%above the sector's middle half▲ 6.1pp82.6%above the sector's middle half▲ 0.5pp
Current ratio2.04-6.47▲ 4.4310.79above the sector's middle half▲ 4.324.56within the sector's middle half▼ 6.234.18within the sector's middle half▼ 0.373.75within the sector's middle half▼ 0.435.07within the sector's middle half▲ 1.325.35above the sector's middle half▲ 0.27
Return on assets (ROA)15.9%-22.0%▲ 6.1pp19.1%within the sector's middle half▼ 2.9pp18.1%within the sector's middle half▼ 1.0pp13.3%within the sector's middle half▼ 4.8pp27.9%within the sector's middle half▲ 14.6pp16.3%within the sector's middle half▼ 11.6pp18.7%within the sector's middle half▲ 2.4pp
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 19% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
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 €164,359
Fixed assets
€11,578 ▼ 15.3%
Current assets
€152,780 ▲ 11.0%
Equity and liabilities €164,359
Equity
€135,777 ▲ 9.4%
Debt
€28,581 ▲ 5.4%
Debt's share of the balance-sheet total falls from 17.9% to 17.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,535▲
2024 · €37,901
Cash flow
€33,953▲
2024 · €27,930
Debt to equity
0.21▼
2024 · 0.22
ROE
22.7%▲
2024 · 19.9%
Interest coverage
32.64▲
2024 · 31.87
Debt ≤ 1 year
€28,581▲
2024 · €27,129
Income taxes
€12,805▲
2024 · €10,295
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,824 | €5,352 | €11,189 | €2,347 | €1,073 |
| Depreciation and write-downs of the year | €3,722 | €3,211 | €3,387 | €3,275 | €3,163 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €2,893 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,757 | €5,630 | €4,306 | €3,722 | €3,211 | €3,387 | €3,275 | €3,163 | ▼ 3.4% |
| Other operating charges640/8 | - | - | - | €1,073 | €1,081 | €1,120 | €650 | €741 | ▲ 14.1% |
| Gross operating margin9900 | €27,927 | €32,226 | €32,246 | €33,108 | €24,199 | €19,859 | €38,551 | €45,276 | ▲ 17.4% |
| Operating profit (loss)9901 | €21,856 | €25,413 | €26,944 | €28,312 | €19,906 | €15,352 | €34,626 | €41,371 | ▲ 19.5% |
| Financial income75/76B | - | - | - | €409 | €863 | €44,292 | €1,513 | €3,588 | ▲ 137% |
| Recurring financial income75 | €322 | €30 | €173 | €409 | €863 | €44,292 | €1,513 | €3,588 | ▲ 137% |
| Financial charges65/66B | - | - | - | €145 | €71 | €589 | €1,189 | €1,364 | ▲ 14.7% |
| Recurring financial charges65 | €116 | €62 | €84 | €145 | €71 | €589 | €1,189 | €1,364 | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | €22,061 | €25,381 | €27,033 | €28,576 | €20,698 | €59,056 | €34,950 | €43,595 | ▲ 24.7% |
| Income taxes67/77 | €7,128 | €7,450 | €8,664 | €8,154 | €5,866 | €17,774 | €10,295 | €12,805 | ▲ 24.4% |
| Profit (loss) for the period9904 | €14,933 | €17,931 | €18,369 | €20,422 | €14,833 | €41,281 | €24,654 | €30,790 | ▲ 24.9% |
| Profit (loss) for the period to be appropriated9905 | €14,933 | €17,931 | €18,369 | €20,422 | €14,833 | €41,281 | €24,654 | €30,790 | ▲ 24.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €94,108 | €81,530 | €96,419 | €112,980 | €111,556 | €147,831 | €151,250 | €164,359 | ▲ 8.7% |
| Fixed assets21/28 | €7,559 | €4,548 | €5,533 | €5,635 | €7,776 | €14,598 | €13,669 | €11,578 | ▼ 15.3% |
| Tangible fixed assets22/27 | €7,559 | €4,548 | €5,533 | €5,635 | €7,776 | €14,598 | €13,669 | €11,578 | ▼ 15.3% |
| Land and buildings22 | - | - | - | - | €928 | €728 | €528 | €328 | ▼ 37.9% |
| Plant, machinery and equipment23 | - | - | - | €4,407 | €5,095 | €3,387 | €3,864 | €3,178 | ▼ 17.7% |
| Furniture and vehicles24 | - | - | - | €1,228 | €1,752 | €615 | €458 | €300 | ▼ 34.4% |
| Other tangible fixed assets26 | - | - | - | - | - | €9,868 | €8,820 | €7,772 | ▼ 11.9% |
| Current assets29/58 | €86,549 | €76,982 | €90,886 | €107,345 | €103,781 | €133,234 | €137,581 | €152,780 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €35,519 | €27,851 | €21,968 | €35,737 | €26,475 | €51,319 | €35,178 | €66,838 | ▲ 90.0% |
| Trade receivables40 | - | - | - | €22,688 | €12,856 | €23,686 | €12,646 | €29,438 | ▲ 133% |
| Other amounts receivable41 | - | - | - | €13,049 | €13,618 | €27,633 | €22,532 | €37,400 | ▲ 66.0% |
| Current investments50/53 | €23,482 | €30,682 | €38,054 | €45,254 | €52,454 | €60,604 | €72,604 | €74,659 | ▲ 2.8% |
| Cash at bank and in hand54/58 | €27,548 | €18,449 | €30,864 | €26,354 | €15,807 | €14,940 | €22,468 | €4,855 | ▼ 78.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €9,045 | €6,371 | €7,331 | €6,429 | ▼ 12.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €94,108 | €81,530 | €96,419 | €112,980 | €111,556 | €147,831 | €151,250 | €164,359 | ▲ 8.7% |
| Equity10/15 | €51,696 | €69,627 | €87,996 | €89,418 | €86,751 | €112,299 | €124,120 | €135,777 | ▲ 9.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €16,760 | €28,760 | €47,060 | €63,660 | €70,660 | €96,760 | €109,410 | €121,060 | ▲ 10.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €61,800 | €68,800 | €96,760 | €109,410 | €121,060 | ▲ 10.6% |
| Profit (loss) carried forward14 | €22,536 | €28,467 | €28,536 | €13,358 | €3,691 | €3,139 | €2,310 | €2,317 | ▲ 0.3% |
| Amounts payable17/49 | €42,412 | €11,904 | €8,423 | €23,562 | €24,806 | €35,532 | €27,129 | €28,581 | ▲ 5.4% |
| Amounts payable within one year42/48 | €42,412 | €11,904 | €8,423 | €23,562 | €24,806 | €35,532 | €27,129 | €28,581 | ▲ 5.4% |
| Financial debts43 | - | - | - | - | - | - | - | €4,719 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €4,719 | - |
| Trade debts44 | €12,669 | €1,019 | €1,539 | €1,496 | €2,560 | €2,882 | €2,798 | €1,545 | ▼ 44.8% |
| Suppliers440/4 | - | - | - | €1,496 | €2,560 | €2,882 | €2,798 | €1,545 | ▼ 44.8% |
| Taxes, remuneration and social security45 | - | - | - | €3,066 | €4,746 | €16,917 | €11,499 | €3,184 | ▼ 72.3% |
| Taxes450/3 | - | - | - | €886 | €2,254 | €14,434 | €11,499 | €3,184 | ▼ 72.3% |
| Remuneration and social security454/9 | - | - | - | €2,180 | €2,492 | €2,483 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €19,000 | €17,500 | €15,733 | €12,833 | €19,133 | ▲ 49.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,933 | €17,931 | €18,369 | €20,422 | €14,833 | €41,281 | €24,654 | €30,790 | ▲ 24.9% |
| + Depreciation and write-downs630 | €4,757 | €5,630 | €4,306 | €3,722 | €3,211 | €3,387 | €3,275 | €3,163 | ▼ 3.4% |
| Operating cash flow (approximation) | €19,690 | €23,561 | €22,676 | €24,144 | €18,044 | €44,668 | €27,930 | €33,953 | ▲ 21.6% |
| Investment in fixed assets (approximation) | - | -€2,619 | -€5,291 | -€3,824 | -€5,352 | -€10,209 | -€2,347 | -€1,073 | ▲ 54.3% |
| Change in cash | - | -€9,099 | €12,415 | -€4,510 | -€10,547 | -€867 | €7,528 | -€17,614 | - |
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, 34,693 companies had the same profile as REVOLVE-IT has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of REVOLVE-IT itself: 0.1% within 12 months.
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 34,693 companies, not a prediction for REVOLVE-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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-06-2026 | 2026-00152564 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00228871 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00374134 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00214014 | |
| 31-12-2021 | micro format | 10-08-2022 | 2022-20280501 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-24900436 | |
| 31-12-2019 | micro format | 04-08-2020 | 2020-38400258 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-49900056 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-28300464 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-47000406 |