Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 5 filings
Turnover
€2.8m
EBIT margin
23.5%
Net result
€243,250▼ 38.1%
2024 · €393,043
Working capital
-€214,447▼ 108%
2024 · -€102,933
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
no figure
2025
20212025
Operating result
€385,551
▼ 41.9%
2025
20212025
Net result
€243,250
▼ 38.1%
2025
highest quarter of the sector
20212025
EBIT margin
no figure
2025
20212025
Equity
€4.0m
▲ 6.4%
2025
highest quarter of the sector
20212025
Total assets
€6.0m
▼ 4.1%
2025
highest quarter of the sector
20212025
Debt
€2.0m
▼ 20.2%
2025
20212025
Working capital
-€214,447
▼ 108%
2025
lowest quarter of the sector
20212025
Solvency
67.0%
▲ 6.6pp
2025
middle half of the sector
20212025
Current ratio
0.71
▼ 0.17
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
4.0%
▼ 2.2pp
2025
middle half of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.8m
Operating result€0.7m-€0.7m▼ 0.7%€0.7m▼ 1.8%€0.7m▼ 0.1%€0.4m▼ 41.9%
Net result€1.1mabove the sector's middle half-€0.4mabove the sector's middle half▼ 65.4%€0.4mabove the sector's middle half▲ 0.6%€0.4mabove the sector's middle half▲ 0.2%€0.2mabove the sector's middle half▼ 38.1%
EBIT margin23.5%
Equity€2.6mabove the sector's middle half-€3.0mabove the sector's middle half▲ 14.8%€3.4mabove the sector's middle half▲ 13.0%€3.8mabove the sector's middle half▲ 11.5%€4.0mabove the sector's middle half▲ 6.4%
Total assets€6.8mabove the sector's middle half-€6.1mabove the sector's middle half▼ 10.4%€6.6mabove the sector's middle half▲ 7.9%€6.3mwithin the sector's middle half▼ 4.2%€6.0mabove the sector's middle half▼ 4.1%
Debt€4.2m-€3.1m▼ 26.3%€3.2m▲ 2.9%€2.5m▼ 21.2%€2.0m▼ 20.2%
Working capital-€0.1mbelow the sector's middle half--€0.2mbelow the sector's middle half▼ 60.4%-€0.2mbelow the sector's middle half▼ 45.5%-€0.1mbelow the sector's middle half▲ 54.1%-€0.2mbelow the sector's middle half▼ 108%
Solvency38.6%within the sector's middle half-49.5%within the sector's middle half▲ 10.9pp51.8%within the sector's middle half▲ 2.3pp60.4%within the sector's middle half▲ 8.5pp67.0%within the sector's middle half▲ 6.6pp
Current ratio0.93below the sector's middle half-0.79below the sector's middle half▼ 0.140.83below the sector's middle half▲ 0.030.89below the sector's middle half▲ 0.060.71below the sector's middle half▼ 0.17
Return on assets (ROA)16.6%within the sector's middle half-6.4%within the sector's middle half▼ 10.2pp6.0%within the sector's middle half▼ 0.4pp6.2%within the sector's middle half▲ 0.3pp4.0%within the sector's middle half▼ 2.2pp
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.
The operating result for 2025 is 42% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.0m
Fixed assets
€5.5m =
Current assets
€536,776 ▼ 32.6%
Equity and liabilities €6.0m
Equity
€4.0m ▲ 6.4%
Debt
€2.0m ▼ 20.2%
Debt's share of the balance-sheet total falls from 39.6% to 33.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.0%▼
2024 · 10.3%
Debt ≤ 1 year
€751,224▼
2024 · €899,669
Debt > 1 year
€1.2m▼
2024 · €1.5m
Income taxes
€81,083▼
2024 · €138,975
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 |
|---|---|---|---|---|---|
| Financial fixed assets | €5.5m | - | - | - | - |
| Depreciation and write-downs of the year | €2,745 | €0 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.8m | - | - |
| Turnover70 | - | - | - | €2.8m | - | - |
| Operating charges60/66A | - | - | - | €2.2m | - | - |
| Services and other goods61 | - | - | - | €2.2m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0 | - | - | - | - |
| Other operating charges640/8 | €0.001m | €348 | €85 | €0.002m | €84 | ▼ 95.9% |
| Gross operating margin9900 | €0.7m | €0.7m | €0.7m | - | €0.4m | - |
| Operating profit (loss)9901 | €0.7m | €0.7m | €0.7m | €0.7m | €0.4m | ▼ 41.9% |
| Financial income75/76B | €0.8m | €0.001m | €0.002m | €0 | €0.002m | ▲ 221,359× |
| Recurring financial income75 | €0.8m | €0.001m | €0.002m | €0 | €0.002m | ▲ 221,359× |
| Income from current assets751 | - | - | - | €0 | - | - |
| Other financial income752/9 | - | - | - | €0 | - | - |
| Financial charges65/66B | €0.2m | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 51.7% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 51.7% |
| Debt charges650 | - | - | - | €0.1m | - | - |
| Other financial charges652/9 | - | - | - | €0.001m | - | - |
| Profit (loss) for the period before taxes9903 | €1.2m | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 39.0% |
| Income taxes67/77 | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 41.7% |
| Taxes670/3 | - | - | - | €0.1m | - | - |
| Profit (loss) for the period9904 | €1.1m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 38.1% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 38.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.8m | €6.1m | €6.6m | €6.3m | €6.0m | ▼ 4.1% |
| Fixed assets21/28 | €5.5m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Financial fixed assets28 | €5.5m | €5.5m | €5.5m | €5.5m | €5.5m | = |
| Affiliated companies280/1 | - | - | - | €5.5m | - | - |
| Participating interests280 | - | - | - | €5.5m | - | - |
| Current assets29/58 | €1.3m | €0.6m | €1.1m | €0.8m | €0.5m | ▼ 32.6% |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €0.8m | €0.04m | €0.4m | €0.6m | €0.5m | ▼ 19.1% |
| Trade receivables40 | - | - | €0.3m | €0.6m | €0.004m | ▼ 99.4% |
| Other amounts receivable41 | €0.8m | €0.04m | €0.06m | €0.004m | €0.5m | ▲ 113× |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.7m | €0.2m | €0.02m | ▼ 84.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.8m | €6.1m | €6.6m | €6.3m | €6.0m | ▼ 4.1% |
| Equity10/15 | €2.6m | €3.0m | €3.4m | €3.8m | €4.0m | ▲ 6.4% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €1.1m | €1.5m | €1.9m | €2.3m | €2.5m | ▲ 10.6% |
| Distributable reserves133 | €1.1m | €1.5m | €1.9m | €2.3m | €2.5m | ▲ 10.6% |
| Amounts payable17/49 | €4.2m | €3.1m | €3.2m | €2.5m | €2.0m | ▼ 20.2% |
| Amounts payable after more than one year17 | €2.7m | €2.2m | €1.8m | €1.5m | €1.2m | ▼ 17.3% |
| Financial debts170/4 | €2.7m | €2.2m | €1.8m | €1.5m | €1.2m | ▼ 17.3% |
| Subordinated loans170 | - | - | - | €1.5m | - | - |
| Credit institutions173 | - | - | - | €0 | - | - |
| Amounts payable within one year42/48 | €1.4m | €0.7m | €1.3m | €0.9m | €0.8m | ▼ 16.5% |
| Current portion of amounts payable after more than one year42 | €0.4m | €0.5m | €0.5m | €0.3m | €0.2m | ▼ 27.4% |
| Financial debts43 | €0.8m | €0 | - | - | - | - |
| Credit institutions430/8 | €0.8m | €0 | - | - | - | - |
| Trade debts44 | €0.004m | €0.005m | €0.6m | €0.5m | €0.005m | ▼ 98.9% |
| Suppliers440/4 | €0.004m | €0.005m | €0.6m | €0.5m | €0.005m | ▼ 98.9% |
| Taxes, remuneration and social security45 | €0.2m | €0.3m | €0.2m | €0.2m | €0.5m | ▲ 250% |
| Taxes450/3 | €0.2m | €0.3m | €0.2m | €0.2m | €0.5m | ▲ 250% |
| Other amounts payable47/48 | - | - | €0.04m | €0 | - | - |
| Accrued charges and deferred income492/3 | €0.1m | €0.1m | €0.1m | €0.09m | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 38.1% |
| + Depreciation and write-downs630 | €0.003m | €0 | - | - | - | - |
| Operating cash flow (approximation) | €1.1m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.04m | €0.1m | -€0.5m | -€0.1m | ▲ 72.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00373595 | |
| 31-12-2024 | full format | 31-07-2025 | 2025-00337161 | |
| 31-12-2023 | abbreviated format | 26-07-2024 | 2024-00288268 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00305532 | |
| 31-12-2021 | abbreviated format | 04-07-2022 | 2022-20124228 |