Skip to content

SELLIGENT

Active
Public limited companyfounded 1988active for 38 yearsAvenue de Finlande 8, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0433.657.207

Financials · financial year 2025, full format

Annual accounts 2025 filed on 12-01-2026 PDF all 38 filings

Turnover
€46.2m▲ 3.9%
2024 · €44.5m
EBIT margin
26.8%▲ 2.9pp
2024 · 23.9%
Net result
-€13.2m
2024 · €6.0m
Working capital
€99,673▼ 99.3%
2024 · €14.2m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 7 financial years

The operating result for 2025 is 16% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Turnover€46.2m 2025 Operating result€12.4m 2025 Net result-€13.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920212022202320242025
Turnover€30.4m-€23.3m▼ 23.5%€43.4m-€39.6m▼ 8.7%€39.9m▲ 0.9%€44.5m▲ 11.4%€46.2m▲ 3.9%
Operating result€0.4m--€0.1m-€3.3m-€7.2m€8.3m▲ 15.2%€10.7m▲ 28.4%€12.4m▲ 16.4%
Net result€0.5m--€13.4m-€4.7mbelow the sector's middle half-€7.1mabove the sector's middle half€8.0mabove the sector's middle half▲ 12.1%€6.0mabove the sector's middle half▼ 24.2%-€13.2mbelow the sector's middle half
EBIT margin1.3%--0.6%▼ 1.9pp-7.6%-18.2%▲ 25.8pp20.8%▲ 2.6pp23.9%▲ 3.2pp26.8%▲ 2.9pp
Equity€25.7m-€22.1m▼ 13.8%€17.4mabove the sector's middle half-€24.5mabove the sector's middle half▲ 40.9%€32.5mabove the sector's middle half▲ 32.6%€38.6mabove the sector's middle half▲ 18.6%€25.3mabove the sector's middle half▼ 34.3%
Total assets€49.0m-€30.8m▼ 37.2%€37.4mabove the sector's middle half-€41.2mabove the sector's middle half▲ 10.1%€47.3mabove the sector's middle half▲ 14.7%€67.7mabove the sector's middle half▲ 43.2%€51.5mabove the sector's middle half▼ 23.9%
Debt€23.3m-€8.6m▼ 62.9%€20.0m-€16.7m▼ 16.6%€14.8m▼ 11.6%€29.2m▲ 97.3%€26.2m▼ 10.1%
Working capital-€0.9m--€4.2m▼ 381%-€6.0mbelow the sector's middle half-€0.2mwithin the sector's middle half€8.1mabove the sector's middle half▲ 37×€14.2mabove the sector's middle half▲ 75.5%€0.1mwithin the sector's middle half▼ 99.3%
Solvency52.4%-71.9%▲ 19.5pp46.5%within the sector's middle half-59.5%within the sector's middle half▲ 13.0pp68.7%above the sector's middle half▲ 9.3pp56.9%within the sector's middle half▼ 11.8pp49.1%within the sector's middle half▼ 7.8pp
Current ratio0.96-0.47▼ 0.490.68below the sector's middle half-1.01within the sector's middle half▲ 0.331.55within the sector's middle half▲ 0.541.49within the sector's middle half▼ 0.061.00within the sector's middle half▼ 0.48
Return on assets (ROA)0.9%--43.5%▼ 44.5pp-12.7%below the sector's middle half-17.3%above the sector's middle half▲ 29.9pp16.9%above the sector's middle half▼ 0.4pp8.9%within the sector's middle half▼ 7.9pp-25.7%below the sector's middle half▼ 34.6pp
Staff (FTE)115.1-120.1▲ 4.3%133.6above the sector's middle half-142.5above the sector's middle half▲ 6.7%119.8above the sector's middle half▼ 15.9%104above the sector's middle half▼ 13.2%97.9above the sector's middle half▼ 5.9%
above within below The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51.5m
Fixed assets €25.4m ▲ 3.7%
Current assets €26.1m ▼ 39.5%
Equity and liabilities €51.5m
Equity €25.3m ▼ 34.3%
Debt €26.2m ▼ 10.1%
Debt's share of the balance-sheet total rises from 43.1% to 50.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€12.8m▲
2024 · €10.8m
Cash flow
-€12.8m▼
2024 · €6.2m
Debt to equity
1.03▲
2024 · 0.76
ROE
-52.2%▼
2024 · 15.7%
Interest coverage
6.10▼
2024 · 23.37
Debt ≤ 1 year
€26.0m▼
2024 · €29.0m
Debt > 1 year
€55,432▼
2024 · €114,570
Income taxes
€1.9m▲
2024 · €1.7m
Customer credit
152 days▲
2024 · 148 days
Staff costs
€11.1m▼
2024 · €11.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-06-202230-06-202330-06-202430-06-2025
Employees at the balance-sheet date14410910499
full-time126938985
part-time18161514
in full-time equivalents140.4106.1101.396
Average over the year, in full-time equivalents142.5119.810497.9
On a permanent contract14410910499
Joined10303
Left153858
Agency workers, average number2131
Training hours33728432222

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets€349,425€79,486€51,530€133,014
Intangible fixed assets---€1.2m
Depreciation and write-downs of the year€119,541€138,886€123,728€413,786

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item30-06-202230-06-202330-06-202430-06-2025
Fee for the audit€60,300€61,400€61,400€61,400
Other work by the auditor--€1,700-

Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2024 · 3 entries · €9,394 awarded · €9,394 paid
Year Entries AwardedPaid
2024 1 €1,534€1,534
2023 1 €5,197€5,197
2022 1 €2,663€2,663
Schemes
3 entries · €9,394 · €9,394 paid · Departement Werk en Sociale Economie

Comparable companies

These companies have the same main activity as SELLIGENT: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €25m and €65m, founded between 1982 and 2000.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
SELLIGENT Braine-l'Alleud1988€51.5m€25.3m€46.2m-€13.2m97.92025
ORANGE BUSINESS BELGIUM Evere1990€60.4m€12.4m€67.0m€2.2m134.12024
CLARIVATE ANALYTICS (BELGIUM) Antwerpen1982€62.8m€5.9m€27.4m€2.4m121.72025
IPEX Tubize1986€44.5m€23.1m€31.7m€0.4m49.12025
PORTIMA Watermaal-Bosvoorde1986€24.8m€15.4m€35.5m€0.2m98.52025
EURESYS Seraing1989€27.2m€18.5m€19.2m€1.6m62.92025
ACTITO Ottignies-Louvain-la-Neuve2000€64.7m€26.8m€17.1m-€0.04m55.62025

They were chosen from the 1,293 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 147 companies had the same profile as SELLIGENT has now. Two years later, 2.0% had gone bankrupt and 91.8% were still going.

  • Medium-sized
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
  • without age
2.0% went bankrupt
5.4% stopped otherwise
91.8% was still going

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SELLIGENT itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 147 companies, not a prediction for SELLIGENT. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 69 lines

Source: Annual accounts 2025 (PDF), filed on 12-01-2026.

Balance sheet Code20242025
Assets
Total assets20/58€67.7m€51.5m▼
Fixed assets21/28€24.5m€25.4m▲
Intangible fixed assets21-€0.9m
Tangible fixed assets22/27€0.2m€0.1m▼
Plant, machinery and equipment23€0.1m-
Furniture and vehicles24€0.08m€0.1m▲
Financial fixed assets28€24.3m€24.3m▲
Affiliated companies280/1€24.3m€24.3m=
Participating interests280€24.3m€24.3m=
Other financial fixed assets284/8€0.001m€0.04m▲
Amounts receivable and cash guarantees285/8€0.001m€0.04m▲
Current assets29/58€43.2m€26.1m▼
Amounts receivable within one year40/41€38.7m€22.6m▼
Trade receivables40€18.0m€19.3m▲
Other amounts receivable41€20.7m€3.3m▼
Cash at bank and in hand54/58€3.3m€1.7m▼
Deferred charges and accrued income490/1€1.2m€1.8m▲
Equity and liabilities
Total equity and liabilities10/49€67.7m€51.5m▼
Equity10/15€38.6m€25.3m▼
Contributions10/11€40.4m€40.4m=
Capital10€25.8m€25.8m=
Issued capital100€25.8m€25.8m=
Contributions outside capital11€14.5m€14.5m=
Share premium1100/10€14.5m€14.5m=
Reserves13€0.6m€0.6m=
Non-distributable reserves130/1€0.5m€0.5m=
Legal reserve130€0.5m€0.5m=
Distributable reserves133€0.04m€0.04m=
Profit (loss) carried forward14-€2.4m-€15.6m▼
Amounts payable17/49€29.2m€26.2m▼
Amounts payable after more than one year17€0.1m€0.06m▼
Other amounts payable178/9€0.1m€0.06m▼
Amounts payable within one year42/48€29.0m€26.0m▼
Current portion of amounts payable after more than one year42€0.3m€0.2m▼
Trade debts44€7.7m€7.5m▼
Suppliers440/4€7.7m€7.5m▼
Taxes, remuneration and social security45€2.8m€3.2m▲
Taxes450/3€1.1m€1.4m▲
Remuneration and social security454/9€1.7m€1.8m▲
Other amounts payable47/48€18.2m€15.1m▼
Accrued charges and deferred income492/3€0.01m€0.1m▲
Income statement Code20242025
Operating income70/76A€46.5m€49.7m▲
Turnover70€44.5m€46.2m▲
Own construction capitalised72-€1.2m
Other operating income74€2.0m€2.2m▲
Operating charges60/66A€35.8m€37.2m▲
Services and other goods61€24.0m€25.6m▲
Remuneration, social security and pensions62€11.6m€11.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.4m▲
Other operating charges640/8€0.04m€0.1m▲
Non-recurring operating charges66A€0.1m€0.004m▼
Operating profit (loss)9901€10.7m€12.4m▲
Financial income75/76B€1.6m€3.8m▲
Recurring financial income75€1.6m€3.8m▲
Income from current assets751€1.0m€3.0m▲
Other financial income752/9€0.6m€0.8m▲
Financial charges65/66B€4.5m€27.5m▲
Recurring financial charges65€1.0m€4.7m▲
Debt charges650€0.5m€2.1m▲
Other financial charges652/9€0.5m€2.6m▲
Non-recurring financial charges66B€3.5m€22.8m▲
Profit (loss) for the period before taxes9903€7.8m-€11.4m▼
Income taxes67/77€1.7m€1.9m▲
Taxes670/3€1.7m€1.9m▲
Profit (loss) for the period9904€6.0m-€13.2m▼
Profit (loss) for the period to be appropriated9905€6.0m-€13.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2.4m-€15.6m▼
Profit (loss) brought forward from the previous period14P-€8.4m-€2.4m▲
Social balance sheet
Average headcount (FTE)9087104.097.9▼

The notes to these accounts have 57 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2018201920212022202320242025Change
Operating income70/76A---€40.4m€45.5m€46.5m€49.7m▲ 6.8%
Turnover70€30.4m€23.3m€43.4m€39.6m€39.9m€44.5m€46.2m▲ 3.9%
Own construction capitalised72------€1.2m-
Other operating income74---€0.8m€5.6m€2.0m€2.2m▲ 9.9%
Operating charges60/66A---€33.2m€37.2m€35.8m€37.2m▲ 4.0%
Services and other goods61---€18.4m€22.7m€24.0m€25.6m▲ 6.8%
Remuneration, social security and pensions62---€14.6m€14.1m€11.6m€11.1m▼ 4.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8.5m€0.2m€0.2m€0.1m€0.1m€0.1m€0.4m▲ 234%
Other operating charges640/8---€0.03m€0.03m€0.04m€0.1m▲ 143%
Non-recurring operating charges66A---€0.002m€0.2m€0.1m€0.004m▼ 95.6%
Operating profit (loss)9901€0.4m-€0.1m-€3.3m€7.2m€8.3m€10.7m€12.4m▲ 16.4%
Financial income75/76B---€2.3m€1.6m€1.6m€3.8m▲ 132%
Recurring financial income75€0.4m€0.9m€0.7m€2.2m€1.6m€1.6m€3.8m▲ 132%
Income from current assets751---€1.0m€1.5m€1.0m€3.0m▲ 194%
Other financial income752/9---€1.2m€0.1m€0.6m€0.8m▲ 28.4%
Non-recurring financial income76B---€0.003m----
Financial charges65/66B---€1.6m€1.3m€4.5m€27.5m▲ 512%
Recurring financial charges65€0.3m€0.6m€1.3m€0.7m€1.3m€1.0m€4.7m▲ 370%
Debt charges650€0.1m€0.2m€0.4m€0.4m€0.5m€0.5m€2.1m▲ 356%
Other financial charges652/9---€0.3m€0.8m€0.5m€2.6m▲ 382%
Non-recurring financial charges66B---€0.9m-€3.5m€22.8m▲ 553%
Profit (loss) for the period before taxes9903€0.5m-€13.4m-€4.7m€7.8m€8.6m€7.8m-€11.4m-
Income taxes67/77€0.05m€0.01m€0.05m€0.7m€0.6m€1.7m€1.9m▲ 7.3%
Taxes670/3---€0.7m€0.6m€1.7m€1.9m▲ 7.3%
Profit (loss) for the period9904€0.5m-€13.4m-€4.7m€7.1m€8.0m€6.0m-€13.2m-
Profit (loss) for the period to be appropriated9905€0.5m-€13.4m-€4.7m€7.1m€8.0m€6.0m-€13.2m-
Line2018201920212022202320242025Change
Assets
Total assets20/58€49.0m€30.8m€37.4m€41.2m€47.3m€67.7m€51.5m▼ 23.9%
Fixed assets21/28€27.3m€27.1m€24.5m€24.7m€24.6m€24.5m€25.4m▲ 3.7%
Intangible fixed assets21€0.03m€0.06m€0.01m---€0.9m-
Tangible fixed assets22/27€0.3m€0.3m€0.2m€0.4m€0.3m€0.2m€0.1m▼ 28.4%
Plant, machinery and equipment23---€0.2m€0.2m€0.1m--
Furniture and vehicles24---€0.2m€0.1m€0.08m€0.1m▲ 92.6%
Financial fixed assets28€27.1m€26.8m€24.3m€24.3m€24.3m€24.3m€24.3m▲ 0.2%
Affiliated companies280/1---€24.3m€24.3m€24.3m€24.3m=
Participating interests280---€24.3m€24.3m€24.3m€24.3m=
Other financial fixed assets284/8---€0.002m€0.002m€0.001m€0.04m▲ 51×
Amounts receivable and cash guarantees285/8---€0.002m€0.002m€0.001m€0.04m▲ 51×
Current assets29/58€21.6m€3.7m€12.9m€16.6m€22.7m€43.2m€26.1m▼ 39.5%
Amounts receivable within one year40/41€20.8m€2.6m€10.4m€14.7m€20.6m€38.7m€22.6m▼ 41.6%
Trade receivables40---€0.4m€4.0m€18.0m€19.3m▲ 7.0%
Other amounts receivable41---€14.3m€16.6m€20.7m€3.3m▼ 84.1%
Current investments50/53€111€111€60€60----
Other investments51/53---€60----
Cash at bank and in hand54/58€0.3m€0.8m€1.9m€0.9m€1.0m€3.3m€1.7m▼ 47.0%
Deferred charges and accrued income490/1---€1.0m€1.0m€1.2m€1.8m▲ 46.0%
Equity and liabilities
Total equity and liabilities10/49€49.0m€30.8m€37.4m€41.2m€47.3m€67.7m€51.5m▼ 23.9%
Equity10/15€25.7m€22.1m€17.4m€24.5m€32.5m€38.6m€25.3m▼ 34.3%
Contributions10/11€16.0m€25.8m€25.8m€40.4m€40.4m€40.4m€40.4m=
Capital10---€25.8m€25.8m€25.8m€25.8m=
Issued capital100---€25.8m€25.8m€25.8m€25.8m=
Contributions outside capital11---€14.5m€14.5m€14.5m€14.5m=
Share premium1100/10---€14.5m€14.5m€14.5m€14.5m=
Reserves13€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m=
Non-distributable reserves130/1---€0.5m€0.5m€0.5m€0.5m=
Legal reserve130---€0.5m€0.5m€0.5m€0.5m=
Distributable reserves133---€0.04m€0.04m€0.04m€0.04m=
Profit (loss) carried forward14-€5.4m-€18.8m-€23.5m-€16.4m-€8.4m-€2.4m-€15.6m▼ 555%
Amounts payable17/49€23.3m€8.6m€20.0m€16.7m€14.8m€29.2m€26.2m▼ 10.1%
Amounts payable after more than one year17€0.6m€0.5m€0.4m€0.3m€0.2m€0.1m€0.06m▼ 51.6%
Other amounts payable178/9---€0.3m€0.2m€0.1m€0.06m▼ 51.6%
Amounts payable within one year42/48€22.5m€7.9m€19.0m€16.3m€14.6m€29.0m€26.0m▼ 10.4%
Current portion of amounts payable after more than one year42---€0.2m€0.3m€0.3m€0.2m▼ 7.8%
Trade debts44€7.6m€2.3m€3.9m€1.6m€1.9m€7.7m€7.5m▼ 3.1%
Suppliers440/4---€1.6m€1.9m€7.7m€7.5m▼ 3.1%
Taxes, remuneration and social security45---€2.7m€1.6m€2.8m€3.2m▲ 13.5%
Taxes450/3---€0.9m€0.2m€1.1m€1.4m▲ 26.9%
Remuneration and social security454/9---€1.8m€1.4m€1.7m€1.8m▲ 4.7%
Other amounts payable47/48---€11.9m€10.7m€18.2m€15.1m▼ 17.2%
Accrued charges and deferred income492/3---€0.08m€0.01m€0.01m€0.1m▲ 12×
Line2018201920212022202320242025Change
Profit (loss) for the period9904€0.5m-€13.4m-€4.7m€7.1m€8.0m€6.0m-€13.2m-
+ Depreciation and write-downs630€8.5m€0.2m€0.2m€0.1m€0.1m€0.1m€0.4m▲ 234%
Operating cash flow (approximation)€9.0m-€13.2m-€4.5m€7.2m€8.1m€6.2m-€12.8m-
Investment in fixed assets (approximation)-€0.1m--€0.3m-€0.08m-€0.03m-€1.3m▼ 5,128%
Change in cash-€0.4m--€1.0m€0.1m€2.3m-€1.5m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 38 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 full format 12-01-2026 2026-00006018 PDF
30-06-2024 full format 12-12-2024 2024-00614895 PDF
30-06-2023 full format 09-01-2024 2024-00545902 PDF
30-06-2022 full format 04-01-2023 2023-20552637 PDF
30-06-2021 full format 24-01-2022 2022-01500241 PDF
31-12-2019 full format 15-07-2020 2020-30400478 PDF
31-12-2018 full format 23-07-2019 2019-36400044 PDF
31-12-2017 full format 29-06-2018 2018-27300180 PDF
31-12-2016 full format 13-07-2017 2017-31700127 PDF
31-12-2015 full format 21-07-2016 2016-35600425 PDF

Show all 38 filings

Next steps