Streamz
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 22-05-2026 PDF all 5 filings
Turnover
€57.0m▲ 1.5%
2024 · €56.1m
EBIT margin
1.0%▲ 7.4pp
2024 · -6.3%
Net result
-€741,244▲ 82.6%
2024 · -€4.3m
Working capital
€56.7m▲ 8.1%
2024 · €52.5m
In the rankings
#1 company by total assets in Vilvoorde, Telecoms and IT sector#1 company by equity in Vilvoorde, Telecoms and IT sector
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
€57.0m
▲ 1.5%
2025
20212025
Operating result
€596,607
2025
20212025
Net result
-€741,244
▲ 82.6%
2025
lowest quarter of the sector
20212025
EBIT margin
1.0%
▲ 7.4pp
2025
20212025
Equity
€28.8m
▼ 2.5%
2025
highest quarter of the sector
20212025
Total assets
€70.8m
▲ 8.2%
2025
highest quarter of the sector
20212025
Debt
€41.9m
▲ 17.0%
2025
20212025
Working capital
€56.7m
▲ 8.1%
2025
highest quarter of the sector
20212025
Solvency
40.7%
▼ 4.5pp
2025
middle half of the sector
20212025
Current ratio
5.08
▼ 0.04
2025
highest quarter of the sector
20212025
Return on assets (ROA)
-1.0%
▲ 5.5pp
2025
middle half of the sector
20212025
Staff (FTE)
34.2
▼ 7.3%
2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€67.6m-€50.7m▼ 25.1%€52.6m▲ 3.7%€56.1m▲ 6.8%€57.0m▲ 1.5%
Operating result-€4.8m--€7.0m▼ 44.6%-€7.0m▲ 0.4%-€3.5m▲ 49.1%€0.6m
Net result-€4.9mbelow the sector's middle half--€7.6mbelow the sector's middle half▼ 54.3%-€7.4mbelow the sector's middle half▲ 3.2%-€4.3mbelow the sector's middle half▲ 42.3%-€0.7mbelow the sector's middle half▲ 82.6%
EBIT margin-7.1%--13.8%▼ 6.6pp-13.2%▲ 0.5pp-6.3%▲ 6.9pp1.0%▲ 7.4pp
Equity€15.3mabove the sector's middle half-€7.7mabove the sector's middle half▼ 49.9%€33.8mabove the sector's middle half▲ 341%€29.6mabove the sector's middle half▼ 12.6%€28.8mabove the sector's middle half▼ 2.5%
Total assets€35.6mabove the sector's middle half-€49.8mabove the sector's middle half▲ 40.0%€55.5mabove the sector's middle half▲ 11.5%€65.5mabove the sector's middle half▲ 17.8%€70.8mabove the sector's middle half▲ 8.2%
Debt€20.2m-€42.1m▲ 108%€21.7m▼ 48.5%€35.8m▲ 65.4%€41.9m▲ 17.0%
Working capital€23.7mabove the sector's middle half-€30.4mabove the sector's middle half▲ 28.3%€38.0mabove the sector's middle half▲ 25.1%€52.5mabove the sector's middle half▲ 38.2%€56.7mabove the sector's middle half▲ 8.1%
Solvency43.0%within the sector's middle half-15.4%below the sector's middle half▼ 27.6pp60.9%within the sector's middle half▲ 45.5pp45.1%within the sector's middle half▼ 15.7pp40.7%within the sector's middle half▼ 4.5pp
Current ratio3.02within the sector's middle half-2.57within the sector's middle half▼ 0.453.19within the sector's middle half▲ 0.625.12above the sector's middle half▲ 1.935.08above the sector's middle half▼ 0.04
Return on assets (ROA)-13.9%below the sector's middle half--15.3%below the sector's middle half▼ 1.4pp-13.3%below the sector's middle half▲ 2.0pp-6.5%below the sector's middle half▲ 6.8pp-1.0%within the sector's middle half▲ 5.5pp
Staff (FTE)24.3within the sector's middle half-29.1within the sector's middle half▲ 19.8%34.2within the sector's middle half▲ 17.5%36.9above the sector's middle half▲ 7.9%34.2above the sector's middle half▼ 7.3%
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 profit of €596,607, after a loss of €3.5m in 2024. It is the highest result since 2021.
Large changes and their cause
- 2023 Equity +341% on 2022. Capital increase of €21,528,172 (Official Gazette 11-05-2023).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70.8m
Fixed assets
€167,710 ▼ 20.4%
Current assets
€70.7m ▲ 8.3%
Equity and liabilities €70.8m
Equity
€28.8m ▼ 2.5%
Provisions
€67,708 =
Debt
€41.9m ▲ 17.0%
Debt's share of the balance-sheet total rises from 54.7% to 59.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€646,597▲
2024 · -€3.5m
Cash flow
-€691,254▲
2024 · -€4.2m
Quick ratio
0.35▼
2024 · 0.61
Debt to equity
1.46▲
2024 · 1.21
ROE
-2.6%▲
2024 · -14.4%
Interest coverage
0.52▲
2024 · -5.47
Debt ≤ 1 year
€13.9m▲
2024 · €12.7m
Debt > 1 year
€21.5m▲
2024 · €18.5m
Income taxes
€9,304▲
2024 · €7,210
Customer credit
23 days▼
2024 · 45 days
Supplier credit
122 days▲
2024 · 103 days
Staff costs
€3.8m▲
2024 · €3.4m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 25 | 32 | 41 | 38 | 37 |
| full-time | 21 | 28 | 36 | 33 | 29 |
| part-time | 4 | 4 | 5 | 5 | 8 |
| in full-time equivalents | 24.3 | 31.3 | 39.9 | 37.1 | 34.7 |
| Average over the year, in full-time equivalents | 17.2 | 29.1 | 34.2 | 36.9 | 34.2 |
| On a permanent contract | 25 | 32 | 41 | 38 | 37 |
| Joined | 30 | 12 | 14 | 7 | 8 |
| Left | 5 | 5 | 5 | 10 | 9 |
| Agency workers, average number | 0 | - | - | - | - |
| Training hours | 78 | 425 | 1,090 | 147 | 527 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €296,912 | €22,005 | €140,444 | €31,123 | €8,176 |
| Depreciation and write-downs of the year | €72,867 | €74,313 | €78,305 | €52,041 | €49,991 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €45,000 | €26,250 | €27,563 | €28,528 | €29,385 |
| Other work by the auditor | - | - | €4,500 | €2,500 | €3,600 |
| Work by persons linked to the auditor | - | - | €3,800 | €3,500 | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €67.6m | €50.7m | €52.6m | €57.1m | €58.5m | ▲ 2.3% |
| Turnover70 | €67.6m | €50.7m | €52.6m | €56.1m | €57.0m | ▲ 1.5% |
| Other operating income74 | €0.03m | €0.04m | €0.02m | €1.0m | €1.5m | ▲ 48.3% |
| Operating charges60/66A | €72.5m | €57.7m | €59.5m | €60.7m | €57.9m | ▼ 4.6% |
| Goods for resale, raw materials and consumables60 | €54.3m | €42.7m | €42.3m | €42.2m | €39.8m | ▼ 5.7% |
| Purchases600/8 | €14.2m | €49.5m | €47.1m | €46.8m | €43.3m | ▼ 7.4% |
| Change in stocks: decrease (increase)609 | €40.2m | -€6.9m | -€4.8m | -€4.6m | -€3.6m | ▲ 23.6% |
| Services and other goods61 | €16.1m | €12.4m | €14.0m | €14.3m | €14.0m | ▼ 2.3% |
| Remuneration, social security and pensions62 | €2.0m | €2.5m | €3.1m | €3.4m | €3.8m | ▲ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.07m | €0.08m | €0.05m | €0.05m | ▼ 3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.8m | €0.2m | ▼ 79.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0.03m | -€0.03m | €0 | - | - | - |
| Other operating charges640/8 | €0.001m | €473 | €0.001m | €0.001m | €0.1m | ▲ 105× |
| Non-recurring operating charges66A | - | - | - | - | €0.001m | - |
| Operating profit (loss)9901 | -€4.8m | -€7.0m | -€7.0m | -€3.5m | €0.6m | - |
| Financial income75/76B | €0.04m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 91.3% |
| Recurring financial income75 | €0.04m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 91.3% |
| Other financial income752/9 | €0.04m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 91.3% |
| Financial charges65/66B | €0.2m | €0.8m | €0.7m | €0.8m | €1.6m | ▲ 86.8% |
| Recurring financial charges65 | €0.2m | €0.8m | €0.7m | €0.8m | €1.6m | ▲ 86.8% |
| Debt charges650 | €0.1m | €0.5m | €0.3m | €0.6m | €1.2m | ▲ 94.3% |
| Other financial charges652/9 | €0.04m | €0.4m | €0.4m | €0.2m | €0.3m | ▲ 63.5% |
| Profit (loss) for the period before taxes9903 | -€4.9m | -€7.6m | -€7.4m | -€4.3m | -€0.7m | ▲ 82.8% |
| Income taxes67/77 | - | - | €0.002m | €0.007m | €0.009m | ▲ 29.0% |
| Taxes670/3 | - | - | €0.002m | €0.007m | €0.009m | ▲ 29.0% |
| Profit (loss) for the period9904 | -€4.9m | -€7.6m | -€7.4m | -€4.3m | -€0.7m | ▲ 82.6% |
| Profit (loss) for the period to be appropriated9905 | -€4.9m | -€7.6m | -€7.4m | -€4.3m | -€0.7m | ▲ 82.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35.6m | €49.8m | €55.5m | €65.5m | €70.8m | ▲ 8.2% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 20.4% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 20.4% |
| Plant, machinery and equipment23 | €0.1m | €0.08m | €0.05m | €0.05m | €0.04m | ▼ 36.1% |
| Furniture and vehicles24 | €0.004m | €0.005m | €0.003m | €0.001m | €0 | ▼ 100% |
| Other tangible fixed assets26 | €0.1m | €0.09m | €0.2m | €0.2m | €0.1m | ▼ 14.1% |
| Current assets29/58 | €35.4m | €49.7m | €55.3m | €65.2m | €70.7m | ▲ 8.3% |
| Stocks and contracts in progress3 | €29.2m | €36.0m | €40.9m | €57.5m | €65.7m | ▲ 14.3% |
| Stocks30/36 | €29.2m | €36.0m | €40.9m | €57.5m | €65.7m | ▲ 14.3% |
| Raw materials and consumables30/31 | €29.2m | €36.0m | €40.9m | €45.5m | €49.1m | ▲ 7.8% |
| Advance payments36 | - | - | - | €12.0m | €16.6m | ▲ 38.9% |
| Amounts receivable within one year40/41 | €3.7m | €10.7m | €12.0m | €6.9m | €3.6m | ▼ 47.0% |
| Trade receivables40 | €3.6m | €10.7m | €12.0m | €6.9m | €3.6m | ▼ 47.0% |
| Other amounts receivable41 | €0.09m | €0 | - | €0.001m | €0.001m | ▲ 127% |
| Cash at bank and in hand54/58 | €2.4m | €2.9m | €2.2m | €0.7m | €0.9m | ▲ 33.5% |
| Deferred charges and accrued income490/1 | €0.03m | €0.06m | €0.2m | €0.2m | €0.4m | ▲ 107% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35.6m | €49.8m | €55.5m | €65.5m | €70.8m | ▲ 8.2% |
| Equity10/15 | €15.3m | €7.7m | €33.8m | €29.6m | €28.8m | ▼ 2.5% |
| Contributions10/11 | €9.8m | €9.8m | €43.3m | €43.3m | €43.3m | = |
| Reserves13 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Non-distributable reserves130/1 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves not available under the articles1311 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Other1319 | €104 | €0 | - | - | - | - |
| Distributable reserves133 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Profit (loss) carried forward14 | €4.2m | -€3.5m | -€10.9m | -€15.1m | -€15.9m | ▼ 4.9% |
| Provisions and deferred taxes16 | €0.09m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Provisions for liabilities and charges160/5 | €0.09m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Pensions and similar obligations160 | €0.09m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Amounts payable17/49 | €20.2m | €42.1m | €21.7m | €35.8m | €41.9m | ▲ 17.0% |
| Amounts payable after more than one year17 | €8.0m | €21.0m | €1.5m | €18.5m | €21.5m | ▲ 16.2% |
| Financial debts170/4 | €8.0m | €21.0m | €1.5m | €18.5m | €21.5m | ▲ 16.2% |
| Other loans174 | €8.0m | €21.0m | €1.5m | €18.5m | €21.5m | ▲ 16.2% |
| Amounts payable within one year42/48 | €11.7m | €19.3m | €17.3m | €12.7m | €13.9m | ▲ 9.2% |
| Trade debts44 | €11.4m | €18.3m | €16.4m | €12.0m | €13.3m | ▲ 11.5% |
| Suppliers440/4 | €11.4m | €18.3m | €16.4m | €12.0m | €13.3m | ▲ 11.5% |
| Taxes, remuneration and social security45 | €0.3m | €1.0m | €0.9m | €0.8m | €0.6m | ▼ 26.1% |
| Taxes450/3 | €140 | €0.4m | €0.3m | €0.2m | €0.02m | ▼ 92.3% |
| Remuneration and social security454/9 | €0.3m | €0.6m | €0.5m | €0.5m | €0.6m | ▲ 3.9% |
| Accrued charges and deferred income492/3 | €0.5m | €1.8m | €2.8m | €4.6m | €6.5m | ▲ 42.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4.9m | -€7.6m | -€7.4m | -€4.3m | -€0.7m | ▲ 82.6% |
| + Depreciation and write-downs630 | €0.07m | €0.07m | €0.08m | €0.05m | €0.05m | ▼ 3.9% |
| Operating cash flow (approximation) | -€4.9m | -€7.6m | -€7.3m | -€4.2m | -€0.7m | ▲ 83.6% |
| Investment in fixed assets (approximation) | - | -€0.02m | -€0.1m | -€0.03m | -€0.007m | ▲ 75.2% |
| Change in cash | - | €0.4m | -€0.7m | -€1.5m | €0.2m | - |
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, 929 companies had the same profile as Streamz has now. Two years later, 92.8% were still going and 1.7% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
92.8%
was still going
5.5%
stopped otherwise
1.7%
went bankrupt
That fits the bankruptcy probability of Streamz 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 929 companies, not a prediction for Streamz. 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 |
|---|---|---|---|---|
| 31-12-2025 | full format | 22-05-2026 | 2026-00117711 | |
| 31-12-2024 | full format | 06-06-2025 | 2025-00122030 | |
| 31-12-2023 | full format | 24-05-2024 | 2024-00097700 | |
| 31-12-2022 | full format | 05-06-2023 | 2023-00106290 | |
| 31-12-2021 | full format | 01-06-2022 | 2022-20054309 |