SLYM
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 29-01-2026 PDF all 5 filings
Turnover
≈ €320,000
Estimated: probably between €220,000 and €670,000
EBIT margin
Not included in this filing
Net result
-€49,409
2024 · €43,241
Working capital
€145,422▼ 30.0%
2024 · €207,765
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€46,883
2025
20212025
Net result
-€49,409
2025
lowest quarter of the sector
20212025
Equity
€168,779
▼ 22.6%
2025
middle half of the sector
20212025
Total assets
€263,101
▼ 0.1%
2025
lowest quarter of the sector
20212025
Debt
€94,323
▲ 109%
2025
20212025
Working capital
€145,422
▼ 30.0%
2025
middle half of the sector
20212025
Solvency
64.1%
▼ 18.7pp
2025
highest quarter of the sector
20212025
Current ratio
3.53
▼ 2.31
2025
highest quarter of the sector
20212025
Return on assets (ROA)
-18.8%
▼ 35.2pp
2025
lowest quarter of the sector
20212025
Staff (FTE)
3.8
=
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
Operating result€144,600-€40,741▼ 71.8%€26,341▼ 35.3%€52,350▲ 98.7%-€46,883
Net result€113,675above the sector's middle half-€36,488within the sector's middle half▼ 67.9%€22,984within the sector's middle half▼ 37.0%€43,241within the sector's middle half▲ 88.1%-€49,409below the sector's middle half
Equity€117,075within the sector's middle half-€151,963within the sector's middle half▲ 29.8%€174,947above the sector's middle half▲ 15.1%€218,188within the sector's middle half▲ 24.7%€168,779within the sector's middle half▼ 22.6%
Total assets€191,830within the sector's middle half-€186,316within the sector's middle half▼ 2.9%€258,073within the sector's middle half▲ 38.5%€263,353within the sector's middle half▲ 2.0%€263,101below the sector's middle half▼ 0.1%
Debt€74,755-€34,353▼ 54.0%€83,126▲ 142%€45,165▼ 45.7%€94,323▲ 109%
Working capital€115,274within the sector's middle half-€150,829above the sector's middle half▲ 30.8%€165,732above the sector's middle half▲ 9.9%€207,765within the sector's middle half▲ 25.4%€145,422within the sector's middle half▼ 30.0%
Solvency61.0%within the sector's middle half-81.6%above the sector's middle half▲ 20.5pp67.8%within the sector's middle half▼ 13.8pp82.8%above the sector's middle half▲ 15.1pp64.1%above the sector's middle half▼ 18.7pp
Current ratio2.54within the sector's middle half-5.39above the sector's middle half▲ 2.853.17within the sector's middle half▼ 2.225.84above the sector's middle half▲ 2.683.53above the sector's middle half▼ 2.31
Return on assets (ROA)59.3%above the sector's middle half-19.6%within the sector's middle half▼ 39.7pp8.9%within the sector's middle half▼ 10.7pp16.4%within the sector's middle half▲ 7.5pp-18.8%below the sector's middle half▼ 35.2pp
Staff (FTE)0.2-1.8▲ 800%3.2▲ 77.8%3.8within the sector's middle half▲ 18.8%3.8within the sector's middle half=
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 a loss of €46,883, after a profit of €52,350 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263,101
Fixed assets
€60,208 ▲ 374%
Current assets
€202,894 ▼ 19.1%
Equity and liabilities €263,101
Equity
€168,779 ▼ 22.6%
Debt
€94,323 ▲ 109%
Debt's share of the balance-sheet total rises from 17.2% to 35.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€34,210▼
2024 · €57,501
Cash flow
-€36,736▼
2024 · €48,392
Debt to equity
0.56▲
2024 · 0.21
ROE
-29.3%▼
2024 · 19.8%
Interest coverage
-15.54▼
2024 · 71.77
Debt ≤ 1 year
€57,472▲
2024 · €42,884
Debt > 1 year
€36,851▲
2024 · €2,281
Income taxes
€324▼
2024 · €8,308
Staff costs
€175,903▲
2024 · €161,786
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 4 | 4 | 4 |
| full-time | 1 | 3 | 3 | 3 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1.8 | 3.2 | 3.8 | 3.8 |
| Average over the year, in full-time equivalents | 1.8 | 3.2 | 3.8 | 3.8 |
| On a permanent contract | 2 | 4 | 4 | 4 |
| Joined | 2 | - | 1 | - |
| Left | 1 | - | 1 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €17,852 | €1,937 | €60,177 |
| Depreciation and write-downs of the year | €667 | €3,069 | €5,151 | €12,673 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €51,555 | €113,768 | €161,786 | €175,903 | ▲ 8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €199 | €667 | €3,069 | €5,151 | €12,673 | ▲ 146% |
| Other operating charges640/8 | - | €387 | €343 | €566 | €851 | ▲ 50.4% |
| Gross operating margin9900 | €148,567 | €93,350 | €143,521 | €219,853 | €142,543 | ▼ 35.2% |
| Operating profit (loss)9901 | €144,600 | €40,741 | €26,341 | €52,350 | -€46,883 | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €419 | €776 | €801 | €2,202 | ▲ 175% |
| Recurring financial charges65 | €92 | €419 | €776 | €801 | €2,202 | ▲ 175% |
| Profit (loss) for the period before taxes9903 | €144,509 | €40,322 | €25,565 | €51,549 | -€49,085 | - |
| Income taxes67/77 | €30,833 | €3,834 | €2,581 | €8,308 | €324 | ▼ 96.1% |
| Profit (loss) for the period9904 | €113,675 | €36,488 | €22,984 | €43,241 | -€49,409 | - |
| Profit (loss) for the period to be appropriated9905 | €113,675 | €36,488 | €22,984 | €43,241 | -€49,409 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191,830 | €186,316 | €258,073 | €263,353 | €263,101 | ▼ 0.1% |
| Fixed assets21/28 | €1,801 | €1,134 | €15,918 | €12,704 | €60,208 | ▲ 374% |
| Tangible fixed assets22/27 | €1,801 | €1,134 | €15,918 | €12,704 | €60,208 | ▲ 374% |
| Plant, machinery and equipment23 | - | - | - | - | €1,701 | - |
| Furniture and vehicles24 | - | €1,134 | €15,918 | €12,704 | €58,506 | ▲ 361% |
| Current assets29/58 | €190,029 | €185,182 | €242,155 | €250,649 | €202,894 | ▼ 19.1% |
| Amounts receivable within one year40/41 | €35,284 | €47,852 | €22,476 | €41,129 | €113,865 | ▲ 177% |
| Trade receivables40 | - | €47,793 | €21,839 | €34,101 | €79,947 | ▲ 134% |
| Other amounts receivable41 | - | €58 | €637 | €7,028 | €33,919 | ▲ 383% |
| Cash at bank and in hand54/58 | €154,745 | €131,313 | €211,320 | €198,425 | €84,455 | ▼ 57.4% |
| Deferred charges and accrued income490/1 | - | €6,017 | €8,359 | €11,095 | €4,573 | ▼ 58.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191,830 | €186,316 | €258,073 | €263,353 | €263,101 | ▼ 0.1% |
| Equity10/15 | €117,075 | €151,963 | €174,947 | €218,188 | €168,779 | ▼ 22.6% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €112,075 | €146,963 | €169,947 | €213,188 | €163,779 | ▼ 23.2% |
| Amounts payable17/49 | €74,755 | €34,353 | €83,126 | €45,165 | €94,323 | ▲ 109% |
| Amounts payable after more than one year17 | - | - | €6,703 | €2,281 | €36,851 | ▲ 16× |
| Financial debts170/4 | - | - | €6,703 | €2,281 | €36,851 | ▲ 16× |
| Amounts payable within one year42/48 | €74,755 | €34,353 | €76,423 | €42,884 | €57,472 | ▲ 34.0% |
| Current portion of amounts payable after more than one year42 | - | - | €4,241 | €4,422 | €12,790 | ▲ 189% |
| Trade debts44 | €32,138 | €21,503 | €40,496 | €6,117 | €395 | ▼ 93.5% |
| Suppliers440/4 | - | €21,503 | €40,496 | €6,117 | €395 | ▼ 93.5% |
| Taxes, remuneration and social security45 | - | €11,072 | €27,001 | €32,223 | €41,587 | ▲ 29.1% |
| Taxes450/3 | - | €10,544 | €8,113 | €17,082 | €13,856 | ▼ 18.9% |
| Remuneration and social security454/9 | - | €528 | €18,888 | €15,140 | €27,732 | ▲ 83.2% |
| Other amounts payable47/48 | - | €1,778 | €4,684 | €123 | €2,699 | ▲ 22× |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,675 | €36,488 | €22,984 | €43,241 | -€49,409 | - |
| + Depreciation and write-downs630 | €199 | €667 | €3,069 | €5,151 | €12,673 | ▲ 146% |
| Operating cash flow (approximation) | €113,874 | €37,155 | €26,053 | €48,392 | -€36,736 | - |
| Investment in fixed assets (approximation) | - | €0 | -€17,852 | -€1,937 | -€60,177 | ▼ 3,006% |
| Change in cash | - | -€23,432 | €80,007 | -€12,895 | -€113,969 | ▼ 784% |
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, 3,591 companies had the same profile as SLYM has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.4%
was still going
9.4%
stopped otherwise
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SLYM itself is lower: 0.2% within 12 months. It rests on far more data about SLYM than the profile alone.
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 3,591 companies, not a prediction for SLYM. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 29-01-2026 | 2026-00017559 | |
| 30-06-2024 | full format | 30-01-2025 | 2025-00016114 | |
| 30-06-2023 | micro format | 08-02-2024 | 2024-00027824 | |
| 30-06-2022 | micro format | 01-12-2022 | 2022-20529376 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02300495 |