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ActiveFinancials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2023 filed on 29-10-2024 PDF all 5 filings
Turnover
≈ €190,000
Estimated: probably between €160,000 and €250,000
Total assets
€204,542▲ 30.4%
2022 · €156,818
Net result
€54,969▲ 32.3%
2022 · €41,550
Working capital
€182,853▲ 45.8%
2022 · €125,372
Multi-year overview
2019 to 2023, 5 financial yearsOperating result
€74,171
▲ 42.3%
2023
20192023
Net result
€54,969
▲ 32.3%
2023
highest quarter of the sector
20192023
Equity
€203,916
▲ 36.9%
2023
highest quarter of the sector
20192023
Total assets
€204,542
▲ 30.4%
2023
middle half of the sector
20192023
Debt
€626
▼ 92.0%
2023
20192023
Working capital
€182,853
▲ 45.8%
2023
highest quarter of the sector
20192023
Solvency
99.7%
▲ 4.7pp
2023
highest quarter of the sector
20192023
Current ratio
no figure
2023
20192023
Return on assets (ROA)
26.9%
▲ 0.4pp
2023
middle half of the sector
20192023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€20,864-€54,166▲ 160%€55,803▲ 3.0%€52,127▼ 6.6%€74,171▲ 42.3%
Net result€16,496-€42,990above the sector's middle half▲ 161%€44,311within the sector's middle half▲ 3.1%€41,550within the sector's middle half▼ 6.2%€54,969above the sector's middle half▲ 32.3%
Equity€20,096-€63,086within the sector's middle half▲ 214%€107,397within the sector's middle half▲ 70.2%€148,947within the sector's middle half▲ 38.7%€203,916above the sector's middle half▲ 36.9%
Total assets€39,538-€88,587within the sector's middle half▲ 124%€107,654within the sector's middle half▲ 21.5%€156,818within the sector's middle half▲ 45.7%€204,542within the sector's middle half▲ 30.4%
Debt€19,442-€25,502▲ 31.2%€257▼ 99.0%€7,871▲ 31×€626▼ 92.0%
Working capital€13,898-€57,405within the sector's middle half▲ 313%€102,339within the sector's middle half▲ 78.3%€125,372above the sector's middle half▲ 22.5%€182,853above the sector's middle half▲ 45.8%
Solvency50.8%-71.2%within the sector's middle half▲ 20.4pp99.8%above the sector's middle half▲ 28.5pp95.0%above the sector's middle half▼ 4.8pp99.7%above the sector's middle half▲ 4.7pp
Current ratio1.71-3.25within the sector's middle half▲ 1.5416.93above the sector's middle half
Return on assets (ROA)41.7%-48.5%above the sector's middle half▲ 6.8pp41.2%above the sector's middle half▼ 7.4pp26.5%within the sector's middle half▼ 14.7pp26.9%within the sector's middle half▲ 0.4pp
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 2023 is 42% higher than in 2022 and the highest since 2019. It is a recovery after the fall in 2022.
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
2023 in colour, 2022 as the grey bar beneath
Assets €204,542
Fixed assets
€21,064 ▼ 10.7%
Current assets
€183,479 ▲ 37.7%
Equity and liabilities €204,542
Equity
€203,916 ▲ 36.9%
Debt
€626 ▼ 92.0%
Debt's share of the balance-sheet total falls from 5.0% to 0.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81,347▲
2022 · €56,810
Cash flow
€62,145▲
2022 · €46,233
Debt to equity
0.00▼
2022 · 0.05
ROE
27.0%▼
2022 · 27.9%
Interest coverage
over 100
2022 · over 100
Debt ≤ 1 year
€626▼
2022 · €7,871
A ratio outside any meaningful range has been withheld (balance sheet total €204,542, equity €203,916).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,866 | €23,200 | €4,665 |
| Depreciation and write-downs of the year | €3,489 | €4,683 | €7,177 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,780 | €3,872 | €3,489 | €4,683 | €7,177 | ▲ 53.2% |
| Other operating charges640/8 | - | - | €357 | €857 | €1,241 | ▲ 44.8% |
| Gross operating margin9900 | €22,734 | €58,334 | €59,649 | €57,667 | €82,588 | ▲ 43.2% |
| Operating profit (loss)9901 | €20,864 | €54,166 | €55,803 | €52,127 | €74,171 | ▲ 42.3% |
| Financial income75/76B | - | - | €0 | €417 | €896 | ▲ 115% |
| Recurring financial income75 | - | - | €0 | €417 | €896 | ▲ 115% |
| Financial charges65/66B | - | - | €84 | €99 | €20,098 | ▲ 202× |
| Recurring financial charges65 | - | €36 | €84 | €99 | €112 | ▲ 12.9% |
| Non-recurring financial charges66B | - | - | - | - | €19,986 | - |
| Profit (loss) for the period before taxes9903 | €20,864 | €54,130 | €55,719 | €52,444 | €54,969 | ▲ 4.8% |
| Income taxes67/77 | €4,368 | €11,141 | €11,408 | €10,894 | - | - |
| Profit (loss) for the period9904 | €16,496 | €42,990 | €44,311 | €41,550 | €54,969 | ▲ 32.3% |
| Profit (loss) for the period to be appropriated9905 | €16,496 | €42,990 | €44,311 | €41,550 | €54,969 | ▲ 32.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,538 | €88,587 | €107,654 | €156,818 | €204,542 | ▲ 30.4% |
| Fixed assets21/28 | €6,198 | €5,681 | €5,058 | €23,575 | €21,064 | ▼ 10.7% |
| Tangible fixed assets22/27 | €6,198 | €5,681 | €5,058 | €23,575 | €21,064 | ▼ 10.7% |
| Furniture and vehicles24 | - | - | €5,058 | €23,575 | €21,064 | ▼ 10.7% |
| Current assets29/58 | €33,340 | €82,906 | €102,596 | €133,243 | €183,479 | ▲ 37.7% |
| Amounts receivable within one year40/41 | €19,850 | €20,074 | €29,331 | €37,319 | €67,205 | ▲ 80.1% |
| Trade receivables40 | - | - | €24,393 | €23,365 | €23,370 | = |
| Other amounts receivable41 | - | - | €4,938 | €13,953 | €43,836 | ▲ 214% |
| Cash at bank and in hand54/58 | €13,490 | €62,501 | €72,820 | €94,601 | €115,311 | ▲ 21.9% |
| Deferred charges and accrued income490/1 | - | - | €444 | €1,323 | €962 | ▼ 27.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,538 | €88,587 | €107,654 | €156,818 | €204,542 | ▲ 30.4% |
| Equity10/15 | €20,096 | €63,086 | €107,397 | €148,947 | €203,916 | ▲ 36.9% |
| Contributions10/11 | - | - | €3,600 | €3,600 | €3,600 | = |
| Contributions outside capital11 | - | - | €3,600 | €3,600 | - | - |
| Other1109/19 | - | - | €3,600 | €3,600 | - | - |
| Profit (loss) carried forward14 | €16,496 | €59,486 | €103,797 | €145,347 | €200,316 | ▲ 37.8% |
| Amounts payable17/49 | €19,442 | €25,502 | €257 | €7,871 | €626 | ▼ 92.0% |
| Amounts payable within one year42/48 | €19,442 | €25,502 | €257 | €7,871 | €626 | ▼ 92.0% |
| Trade debts44 | €70 | €37 | €181 | €871 | €626 | ▼ 28.1% |
| Suppliers440/4 | - | - | €181 | €871 | €626 | ▼ 28.1% |
| Taxes, remuneration and social security45 | - | - | €76 | €7,000 | - | - |
| Taxes450/3 | - | - | €76 | €7,000 | - | - |
| Other amounts payable47/48 | - | - | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,496 | €42,990 | €44,311 | €41,550 | €54,969 | ▲ 32.3% |
| + Depreciation and write-downs630 | €1,780 | €3,872 | €3,489 | €4,683 | €7,177 | ▲ 53.2% |
| Operating cash flow (approximation) | €18,276 | €46,861 | €47,800 | €46,233 | €62,145 | ▲ 34.4% |
| Investment in fixed assets (approximation) | - | -€3,354 | -€2,866 | -€23,200 | -€4,665 | ▲ 79.9% |
| Change in cash | - | €49,011 | €10,319 | €21,780 | €20,710 | ▼ 4.9% |
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 |
|---|---|---|---|---|
| 31-12-2023 | micro format | 29-10-2024 | 2024-00528217 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00439629 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20326051 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66400316 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50200568 |