SOFTWARE ENGINEERING & CONSULTING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 25 filings
Turnover
≈ €170,000
Estimated: probably between €130,000 and €230,000
EBIT margin
Not included in this filing
Net result
€39,467▲ 8.1%
2024 · €36,496
Working capital
€196,463▲ 5.1%
2024 · €186,996
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€48,171
▲ 1.0%
2025
20182025
Net result
€39,467
▲ 8.1%
2025
middle half of the sector
20182025
Equity
€196,463
▲ 5.1%
2025
highest quarter of the sector
20182025
Total assets
€229,333
▼ 4.0%
2025
middle half of the sector
20182025
Debt
€32,870
▼ 36.8%
2025
20182025
Working capital
€196,463
▲ 5.1%
2025
highest quarter of the sector
20182025
Solvency
85.7%
▲ 7.4pp
2025
highest quarter of the sector
20182025
Current ratio
6.98
▲ 2.38
2025
highest quarter of the sector
20182025
Return on assets (ROA)
17.2%
▲ 1.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€15,244-€11,164▼ 26.8%€25,190▲ 126%€10,976▼ 56.4%€13,867▲ 26.3%€44,552▲ 221%€47,684▲ 7.0%€48,171▲ 1.0%
Net result€20,944-€13,816▼ 34.0%€33,882within the sector's middle half▲ 145%€12,640within the sector's middle half▼ 62.7%€15,323within the sector's middle half▲ 21.2%€18,806within the sector's middle half▲ 22.7%€36,496within the sector's middle half▲ 94.1%€39,467within the sector's middle half▲ 8.1%
Equity€210,034-€193,850▼ 7.7%€197,732within the sector's middle half▲ 2.0%€185,372within the sector's middle half▼ 6.3%€175,695above the sector's middle half▼ 5.2%€169,500above the sector's middle half▼ 3.5%€186,996above the sector's middle half▲ 10.3%€196,463above the sector's middle half▲ 5.1%
Total assets€220,616-€220,216▼ 0.2%€216,812within the sector's middle half▼ 1.5%€206,988within the sector's middle half▼ 4.5%€195,190within the sector's middle half▼ 5.7%€218,954within the sector's middle half▲ 12.2%€238,991within the sector's middle half▲ 9.2%€229,333within the sector's middle half▼ 4.0%
Debt€10,582-€26,366▲ 149%€19,080▼ 27.6%€21,616▲ 13.3%€19,495▼ 9.8%€49,454▲ 154%€51,995▲ 5.1%€32,870▼ 36.8%
Working capital€209,861-€193,850▼ 7.6%€197,732within the sector's middle half▲ 2.0%€185,372within the sector's middle half▼ 6.3%€175,695above the sector's middle half▼ 5.2%€169,500above the sector's middle half▼ 3.5%€186,996above the sector's middle half▲ 10.3%€196,463above the sector's middle half▲ 5.1%
Solvency95.2%-88.0%▼ 7.2pp91.2%above the sector's middle half▲ 3.2pp89.6%above the sector's middle half▼ 1.6pp90.0%above the sector's middle half▲ 0.5pp77.4%within the sector's middle half▼ 12.6pp78.2%within the sector's middle half▲ 0.8pp85.7%above the sector's middle half▲ 7.4pp
Current ratio20.83-8.35▼ 12.4811.36above the sector's middle half▲ 3.019.58above the sector's middle half▼ 1.7910.01above the sector's middle half▲ 0.444.43within the sector's middle half▼ 5.584.60within the sector's middle half▲ 0.176.98above the sector's middle half▲ 2.38
Return on assets (ROA)9.5%-6.3%▼ 3.2pp15.6%within the sector's middle half▲ 9.4pp6.1%within the sector's middle half▼ 9.5pp7.9%within the sector's middle half▲ 1.7pp8.6%within the sector's middle half▲ 0.7pp15.3%within the sector's middle half▲ 6.7pp17.2%within the sector's middle half▲ 1.9pp
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 1% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €229,333
Equity
€196,463 ▲ 5.1%
Debt
€32,870 ▼ 36.8%
Debt's share of the balance-sheet total falls from 21.8% to 14.3%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.17▼
2024 · 0.28
ROE
20.1%▲
2024 · 19.5%
Debt ≤ 1 year
€32,870▼
2024 · €51,995
Income taxes
€19,409▲
2024 · €18,787
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | €11,705 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €173 | €173 | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €4,005 | €1,831 | €959 | €1,201 | €1,129 | ▼ 6.0% |
| Non-recurring operating charges66A | - | - | - | €229 | - | - | - | - | - |
| Gross operating margin9900 | €22,083 | €22,944 | €27,585 | €15,210 | €15,698 | €45,511 | €48,885 | €49,300 | ▲ 0.8% |
| Operating profit (loss)9901 | €15,244 | €11,164 | €25,190 | €10,976 | €13,867 | €44,552 | €47,684 | €48,171 | ▲ 1.0% |
| Financial income75/76B | - | - | - | €12,676 | €13,100 | €10,248 | €13,078 | €12,552 | ▼ 4.0% |
| Recurring financial income75 | €16,021 | €18,367 | €18,927 | €12,676 | €13,100 | €10,248 | €13,078 | €12,552 | ▼ 4.0% |
| Financial charges65/66B | - | - | - | €781 | €1,436 | €1,502 | €5,478 | €1,848 | ▼ 66.3% |
| Recurring financial charges65 | €3,121 | €6,406 | €3,035 | €781 | €1,086 | €1,502 | €5,478 | €1,848 | ▼ 66.3% |
| Non-recurring financial charges66B | - | - | - | - | €350 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €28,144 | €23,125 | €41,082 | €22,871 | €25,531 | €53,298 | €55,283 | €58,876 | ▲ 6.5% |
| Income taxes67/77 | €7,200 | €9,309 | €7,200 | €10,231 | €10,208 | €34,492 | €18,787 | €19,409 | ▲ 3.3% |
| Profit (loss) for the period9904 | €20,944 | €13,816 | €33,882 | €12,640 | €15,323 | €18,806 | €36,496 | €39,467 | ▲ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €20,944 | €13,816 | €33,882 | €12,640 | €15,323 | €18,806 | €36,496 | €39,467 | ▲ 8.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €220,616 | €220,216 | €216,812 | €206,988 | €195,190 | €218,954 | €238,991 | €229,333 | ▼ 4.0% |
| Fixed assets21/28 | €173 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €173 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €220,443 | €220,216 | €216,812 | €206,988 | €195,190 | €218,954 | €238,991 | €229,333 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €207,480 | €217,809 | €216,541 | €205,416 | €195,190 | €208,707 | €221,325 | €216,240 | ▼ 2.3% |
| Trade receivables40 | - | - | - | €8,839 | €13,552 | €10,453 | €10,542 | €10,295 | ▼ 2.3% |
| Other amounts receivable41 | - | - | - | €196,577 | €181,638 | €198,254 | €210,783 | €205,945 | ▼ 2.3% |
| Cash at bank and in hand54/58 | - | - | - | €1,572 | - | - | €4,082 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €10,247 | €13,584 | €13,093 | ▼ 3.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €220,616 | €220,216 | €216,812 | €206,988 | €195,190 | €218,954 | €238,991 | €229,333 | ▼ 4.0% |
| Equity10/15 | €210,034 | €193,850 | €197,732 | €185,372 | €175,695 | €169,500 | €186,996 | €196,463 | ▲ 5.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €51,860 | €51,860 | €51,860 | €51,860 | €51,860 | €160,000 | €33,000 | €72,000 | ▲ 118% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €50,000 | €50,000 | €160,000 | €33,000 | €72,000 | ▲ 118% |
| Profit (loss) carried forward14 | €151,974 | €135,790 | €139,672 | €127,312 | €117,635 | €3,300 | €147,796 | €118,263 | ▼ 20.0% |
| Amounts payable17/49 | €10,582 | €26,366 | €19,080 | €21,616 | €19,495 | €49,454 | €51,995 | €32,870 | ▼ 36.8% |
| Amounts payable within one year42/48 | €10,582 | €26,366 | €19,080 | €21,616 | €19,495 | €49,454 | €51,995 | €32,870 | ▼ 36.8% |
| Financial debts43 | - | - | - | - | €5,421 | €1,936 | - | €839 | - |
| Credit institutions430/8 | - | - | - | - | €5,421 | €1,936 | - | €839 | - |
| Trade debts44 | €3,261 | €4,459 | €994 | €2,412 | €723 | €1,878 | €1,390 | €1,623 | ▲ 16.8% |
| Suppliers440/4 | - | - | - | €2,412 | €723 | €1,878 | €1,390 | €1,623 | ▲ 16.8% |
| Taxes, remuneration and social security45 | - | - | - | €19,204 | €13,351 | €44,840 | €50,504 | €30,408 | ▼ 39.8% |
| Taxes450/3 | - | - | - | €19,204 | €13,351 | €44,840 | €50,504 | €30,408 | ▼ 39.8% |
| Other amounts payable47/48 | - | - | - | - | - | €800 | €100 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,944 | €13,816 | €33,882 | €12,640 | €15,323 | €18,806 | €36,496 | €39,467 | ▲ 8.1% |
| + Depreciation and write-downs630 | €173 | €173 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €21,117 | €13,989 | €33,882 | €12,640 | €15,323 | €18,806 | €36,496 | €39,467 | ▲ 8.1% |
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, 31,368 companies had the same profile as SOFTWARE ENGINEERING & CONSULTING has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOFTWARE ENGINEERING & CONSULTING itself: 0.2% 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 31,368 companies, not a prediction for SOFTWARE ENGINEERING & CONSULTING. 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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00225596 | |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00387423 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00190996 | |
| 31-12-2022 | micro format | 19-10-2023 | 2023-00490411 | |
| 31-12-2021 | full format | 05-12-2022 | 2022-20535693 | |
| 31-12-2020 | full format | 29-10-2021 | 2021-75000281 | |
| 31-12-2019 | full format | 09-12-2020 | 2020-75100287 | |
| 31-12-2018 | full format | 11-12-2019 | 2019-75800528 | |
| 31-12-2017 | full format | 28-11-2018 | 2018-73200113 | |
| 31-12-2016 | full format | 20-10-2017 | 2017-67600379 |