SOFTIDEV
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 31-08-2025 PDF all 26 filings
Turnover
≈ €120,000
Estimated: probably between €60,000 and €240,000
Total assets
€230,662▼ 0.7%
2023 · €232,342
Net result
€5,373▲ 255%
2023 · €1,515
Working capital
€188,084▲ 4.0%
2023 · €180,792
In the rankings
#1 oldest company in Denderleeuw, Telecoms and IT sector#8 company by equity in Denderleeuw, Telecoms and IT sector#10 company by total assets in Denderleeuw, Telecoms and IT sector
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€8,713
▲ 167%
2024
20182024
Net result
€5,373
▲ 255%
2024
middle half of the sector
20182024
Equity
€204,463
▲ 2.7%
2024
highest quarter of the sector
20182024
Total assets
€230,662
▼ 0.7%
2024
middle half of the sector
20182024
Debt
€26,200
▼ 21.2%
2024
20182024
Working capital
€188,084
▲ 4.0%
2024
highest quarter of the sector
20182024
Solvency
88.6%
▲ 3.0pp
2024
highest quarter of the sector
20182024
Current ratio
9.53
▼ 0.85
2024
highest quarter of the sector
20182024
Return on assets (ROA)
2.3%
▲ 1.7pp
2024
lowest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€10,718-€5,649▼ 47.3%€13,773▲ 144%€3,253▼ 76.4%€2,563▼ 21.2%€3,260▲ 27.2%€8,713▲ 167%
Net result€6,427-€5,458▼ 15.1%€10,619within the sector's middle half▲ 94.5%€1,743below the sector's middle half▼ 83.6%-€1,522below the sector's middle half€1,515below the sector's middle half€5,373within the sector's middle half▲ 255%
Equity€215,330-€219,977▲ 2.2%€207,109above the sector's middle half▼ 5.8%€205,107above the sector's middle half▼ 1.0%€203,585above the sector's middle half▼ 0.7%€199,089above the sector's middle half▼ 2.2%€204,463above the sector's middle half▲ 2.7%
Total assets€253,042-€253,672▲ 0.2%€250,821within the sector's middle half▼ 1.1%€263,969within the sector's middle half▲ 5.2%€242,969within the sector's middle half▼ 8.0%€232,342within the sector's middle half▼ 4.4%€230,662within the sector's middle half▼ 0.7%
Debt€37,712-€33,696▼ 10.6%€43,713▲ 29.7%€58,862▲ 34.7%€39,384▼ 33.1%€33,252▼ 15.6%€26,200▼ 21.2%
Working capital€208,540-€215,107▲ 3.1%€201,609above the sector's middle half▼ 6.3%€183,297above the sector's middle half▼ 9.1%€183,970above the sector's middle half▲ 0.4%€180,792above the sector's middle half▼ 1.7%€188,084above the sector's middle half▲ 4.0%
Solvency85.1%-86.7%▲ 1.6pp82.6%above the sector's middle half▼ 4.1pp77.7%within the sector's middle half▼ 4.9pp83.8%above the sector's middle half▲ 6.1pp85.7%above the sector's middle half▲ 1.9pp88.6%above the sector's middle half▲ 3.0pp
Current ratio11.83-10.44▼ 1.385.84above the sector's middle half▼ 4.608.29above the sector's middle half▲ 2.4513.24above the sector's middle half▲ 4.9410.37above the sector's middle half▼ 2.869.53above the sector's middle half▼ 0.85
Return on assets (ROA)2.5%-2.2%▼ 0.4pp4.2%within the sector's middle half▲ 2.1pp0.7%below the sector's middle half▼ 3.6pp-0.6%below the sector's middle half▼ 1.3pp0.7%below the sector's middle half▲ 1.3pp2.3%below the sector's middle half▲ 1.7pp
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 2024 is 167% higher than in 2023. It is the second rise in a row, 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
2024 in colour, 2023 as the grey bar beneath
Assets €230,662
Fixed assets
€20,521 ▼ 36.4%
Current assets
€210,141 ▲ 5.0%
Equity and liabilities €230,662
Equity
€204,463 ▲ 2.7%
Debt
€26,200 ▼ 21.2%
Debt's share of the balance-sheet total falls from 14.3% to 11.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,233▲
2023 · €16,432
Cash flow
€18,893▲
2023 · €14,687
Debt to equity
0.13▼
2023 · 0.17
ROE
2.6%▲
2023 · 0.8%
Interest coverage
31.72▲
2023 · 23.71
Debt ≤ 1 year
€22,058▲
2023 · €19,286
Debt > 1 year
€4,142▼
2023 · €13,966
Income taxes
€3,140▲
2023 · €1,505
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €57,468 | €1,611 | €1,472 | €1,777 |
| Depreciation and write-downs of the year | €9,507 | €13,181 | €13,172 | €13,520 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,667 | €9,451 | €8,774 | €9,507 | €13,181 | €13,172 | €13,520 | ▲ 2.6% |
| Other operating charges640/8 | - | - | - | €460 | €467 | €959 | €854 | ▼ 11.0% |
| Gross operating margin9900 | €20,865 | €15,542 | €23,004 | €13,219 | €16,212 | €17,391 | €23,086 | ▲ 32.7% |
| Operating profit (loss)9901 | €10,718 | €5,649 | €13,773 | €3,253 | €2,563 | €3,260 | €8,713 | ▲ 167% |
| Financial income75/76B | - | - | - | €1,064 | €59 | €453 | €501 | ▲ 10.5% |
| Recurring financial income75 | €1,346 | €4,774 | €3,052 | €1,064 | €59 | €453 | €501 | ▲ 10.5% |
| Financial charges65/66B | - | - | - | €1,063 | €3,181 | €693 | €701 | ▲ 1.1% |
| Recurring financial charges65 | €1,417 | €1,279 | €802 | €1,063 | €3,181 | €693 | €701 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | €10,647 | €9,144 | €16,023 | €3,254 | -€559 | €3,020 | €8,513 | ▲ 182% |
| Income taxes67/77 | €4,221 | €3,686 | €5,404 | €1,510 | €964 | €1,505 | €3,140 | ▲ 109% |
| Profit (loss) for the period9904 | €6,427 | €5,458 | €10,619 | €1,743 | -€1,522 | €1,515 | €5,373 | ▲ 255% |
| Profit (loss) for the period to be appropriated9905 | €6,427 | €5,458 | €10,619 | €1,743 | -€1,522 | €1,515 | €5,373 | ▲ 255% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €253,042 | €253,672 | €250,821 | €263,969 | €242,969 | €232,342 | €230,662 | ▼ 0.7% |
| Fixed assets21/28 | €25,242 | €15,791 | €7,574 | €55,535 | €43,964 | €32,264 | €20,521 | ▼ 36.4% |
| Tangible fixed assets22/27 | €25,217 | €15,766 | €7,549 | €55,510 | €43,939 | €32,239 | €20,496 | ▼ 36.4% |
| Land and buildings22 | - | - | - | €2,991 | €2,423 | €1,095 | €323 | ▼ 70.5% |
| Plant, machinery and equipment23 | - | - | - | €5,264 | €4,837 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €47,255 | €36,680 | €29,290 | €18,888 | ▼ 35.5% |
| Other tangible fixed assets26 | - | - | - | - | - | €1,854 | €1,286 | ▼ 30.7% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €227,800 | €237,882 | €243,248 | €208,434 | €199,005 | €200,078 | €210,141 | ▲ 5.0% |
| Amounts receivable after more than one year29 | - | - | - | €2,000 | €0 | - | - | - |
| Other amounts receivable291 | - | - | - | €2,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €36,346 | €29,752 | €27,487 | €25,062 | €12,036 | €9,196 | €10,177 | ▲ 10.7% |
| Trade receivables40 | - | - | - | €24,572 | €12,036 | €8,809 | €9,816 | ▲ 11.4% |
| Other amounts receivable41 | - | - | - | €490 | €0 | €387 | €361 | ▼ 6.6% |
| Current investments50/53 | - | - | - | €35,003 | €160,061 | €140,289 | €140,790 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €176,390 | €192,825 | €206,551 | €146,008 | €7,271 | €13,159 | €21,505 | ▲ 63.4% |
| Deferred charges and accrued income490/1 | - | - | - | €361 | €19,636 | €37,435 | €37,670 | ▲ 0.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €253,042 | €253,672 | €250,821 | €263,969 | €242,969 | €232,342 | €230,662 | ▼ 0.7% |
| Equity10/15 | €215,330 | €219,977 | €207,109 | €205,107 | €203,585 | €199,089 | €204,463 | ▲ 2.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €209,130 | €213,777 | €200,909 | €198,907 | €198,907 | €192,896 | €198,263 | ▲ 2.8% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | - | - | - | €197,048 | €197,048 | €192,896 | €198,263 | ▲ 2.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | -€1,522 | -€7 | €0 | - |
| Amounts payable17/49 | €37,712 | €33,696 | €43,713 | €58,862 | €39,384 | €33,252 | €26,200 | ▼ 21.2% |
| Amounts payable after more than one year17 | €17,722 | €9,740 | €1,421 | €33,129 | €23,628 | €13,966 | €4,142 | ▼ 70.3% |
| Financial debts170/4 | - | - | - | €33,129 | €23,628 | €13,966 | €4,142 | ▼ 70.3% |
| Amounts payable within one year42/48 | €19,260 | €22,775 | €41,639 | €25,137 | €15,035 | €19,286 | €22,058 | ▲ 14.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,764 | €9,501 | €9,661 | €9,824 | ▲ 1.7% |
| Financial debts43 | - | - | - | - | - | €46 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | €46 | €0 | ▼ 100% |
| Trade debts44 | €3,492 | €2,012 | €427 | €2,306 | €1,310 | €449 | €4,058 | ▲ 804% |
| Suppliers440/4 | - | - | - | €2,306 | €1,310 | €449 | €4,058 | ▲ 804% |
| Taxes, remuneration and social security45 | - | - | - | €7,319 | €3,557 | €3,119 | €3,781 | ▲ 21.2% |
| Taxes450/3 | - | - | - | €7,319 | €3,557 | €3,119 | €3,781 | ▲ 21.2% |
| Other amounts payable47/48 | - | - | - | €4,748 | €667 | €6,011 | €4,395 | ▼ 26.9% |
| Accrued charges and deferred income492/3 | - | - | - | €597 | €721 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,427 | €5,458 | €10,619 | €1,743 | -€1,522 | €1,515 | €5,373 | ▲ 255% |
| + Depreciation and write-downs630 | €9,667 | €9,451 | €8,774 | €9,507 | €13,181 | €13,172 | €13,520 | ▲ 2.6% |
| Operating cash flow (approximation) | €16,094 | €14,909 | €19,393 | €11,250 | €11,659 | €14,687 | €18,893 | ▲ 28.6% |
| Investment in fixed assets (approximation) | - | €0 | -€557 | -€57,468 | -€1,611 | -€1,472 | -€1,777 | ▼ 20.7% |
| Change in cash | - | €16,436 | €13,726 | -€60,543 | -€138,737 | €5,888 | €8,346 | ▲ 41.7% |
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, 17,041 companies had the same profile as SOFTIDEV has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOFTIDEV itself: 0.3% 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 17,041 companies, not a prediction for SOFTIDEV. 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 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00452229 | |
| 31-12-2023 | micro format | 01-09-2024 | 2024-00426907 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00376857 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20154865 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-33700078 | |
| 31-12-2019 | micro format | 10-08-2020 | 2020-41000532 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59000296 | |
| 31-12-2017 | micro format | 05-06-2018 | 2018-15800354 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-37600520 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-48000286 |