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STUDY

Active Private limited companyfounded 2017active for 8 yearsVroegegroentenstraat 61, 1190 ForestKBO/BCE: BE 0686.905.005
STUDY
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 31-07-2026, on the day of the deadline
€22,434
▼ 6.1%
€20,065
▼ 14.0%
€14,712
▼ 16.7%
€13,237
▼ 32.9%
22.2%
▼ 16.6 percentage points
1.21
▼ 0.37

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €160,000. Estimated: probably between €62,000 and €360,000.

Balance sheet

balance sheet total €95,230 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

22.2%

Higher than 30% of 3,406 companies in 2025.

1.21

Higher than 32% of 3,267 companies in 2025.

15.4%

Higher than 67% of 3,315 companies in 2025.

STUDY Middle half of the sector 80% of the sector Abbreviated accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 95,23055,25365,640123,081118,518102,26273,91761,372
21/28 18,6311,6692,234--415985314
22/27 18,6311,6692,234--415985314
23 1,194----415--
24 17,4381,6692,234---985314
29/58 76,59953,58463,406123,081118,518101,84772,93261,059
40/41 52,92924,9347,87310,4319,85314,47510,88117,541
40 36,19114,5184,8329,2485,08610,8995,56615,972
41 16,73810,4163,0421,1834,7673,5765,3151,569
54/58 20,24028,65155,533112,649108,25086,95761,63643,393
490/1 3,430---415415415125
Balance sheet: equity and liabilities
10/49 95,23055,25365,640123,081118,518102,26273,91761,372
10/15 21,10021,38820,71666,086110,19389,34865,85340,443
10/11 18,60018,60018,60018,6006,2006,2006,2006,200
10 18,60018,60018,60018,6006,200---
100 18,60018,60018,60018,60018,60018,60018,60018,600
101 ----12,40012,40012,40012,400
13 1,8601,8601,8601,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860--
130 1,8601,8601,8601,8601,8601,8601,8601,860
14 64092825645,626102,13381,28857,79332,383
17/49 74,13033,86544,92456,9948,32612,9148,06420,930
17 10,768-------
170/4 10,768-------
42/48 63,36233,86544,92456,9948,32612,9148,06420,930
42 6,555-------
44 3,123551-1,836602502994,259
440/4 3,123551-1,836602502994,259
45 8,6695,7968,65611,2067,26211,6417,76516,671
450/3 8,6695,7968,65611,2067,26211,6417,76516,671
47/48 45,01527,51836,26743,9521,0041,023--
Income statement
9900 22,43423,88737,67552,60627,18330,59837,74645,755
630 2,367565591-4155705701,404
640/8 1-5-0-348695
9901 20,06523,32237,07852,60626,76830,02836,82843,655
75/76B -------15
75 -------15
65/66B 515123104122107110162139
65 515123104122107110162139
9903 19,55023,19936,97452,48426,66229,91936,66743,531
67/77 4,8385,52710,34413,9905,8176,42411,2569,289
9904 14,71217,67226,63038,49420,84523,49525,41034,243
9905 14,71217,67226,63038,49420,84523,49525,41034,243
Appropriation of the result
9906 15,64017,92872,256140,626102,13381,28857,79334,243
14P 92825645,626102,13381,288---
691/2 -------1,860
6920 -------1,860
694/7 15,00017,00072,00095,000----
694 15,00017,00072,00095,000----
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-07-2026 2026-00389023 PDF
31-12-2024 micro format 29-08-2025 2025-00479548 PDF
31-12-2023 micro format 30-09-2024 2024-00497372 PDF
31-12-2022 micro format 30-08-2023 2023-00422334 PDF
31-12-2021 micro format 26-08-2022 2022-20413491 PDF
31-12-2020 micro format 30-08-2021 2021-64900540 PDF
31-12-2019 micro format 24-08-2020 2020-43300311 PDF
31-12-2018 micro format 12-08-2019 2019-45200003 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
22,43223,88737,670-27,18330,59837,39845,060
17,08018,23727,221-21,26024,06525,98035,647
19,33002,825-001,241469
-8,411-26,882-57,1174,40021,29325,32018,244-
13,23719,71918,48266,086110,19388,93364,86840,129
22.2%38.7%31.6%53.7%93.0%87.4%89.1%65.9%
1.211.581.412.1614.247.899.042.92
3.511.582.170.860.080.140.120.52
69.7%82.6%128.5%58.2%18.9%26.3%38.6%84.7%
15.4%32.0%40.6%31.3%17.6%23.0%34.4%55.8%
43.55over 100over 100-over 100---

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€19,330-€2,825--
€2,367€565€591-€415

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on STUDY

The operating result for 2025 is 14% lower than in 2024 and the lowest since 2018. It is the third fall in a row.

Debt's share of the balance-sheet total rises from 61.3% to 77.8%. Equity is lower and debt is higher.

Next steps

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