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Platform Science

Active Public limited companyfounded 1998active for 28 yearsTer Waarde 90, 8900 YpresKBO/BCE: BE 0464.257.143 subsidiary of Trimble INC#1 company by total assets in West Flanders, Telecommunications sector

Lifetime

18 annual accounts with figures on one time axis, 27 filings since 1999
peak €51.0m (2023)
€50.1m▲ 0.5%
lowest -€16.8m (2010)
€5.3m▼ 32.5%
peak €53.5m (2024)
€28.8m▼ 46.1%
€21.2m▲ 74.8%
peak 107.6 FTE (2025)
107.6 FTE▲ 10.6%
Board8 names since 2019
4 directorsASTURION and 3 others
Owners4 names in the annual accounts
consolidatesTrimble INC
Documentsfilings and deeds
16-10-202677 days late
2025financial year
Result from €7.8m to €5.3mStaff from 97.3 FTE to 107.6 FTEReappointment: Asturion BV (director) 03-10Company renamed from TRIMBLE to Platform Science 24-09Company renamed from TRIMBLE to Platform Science 07-072 directors appointed, 2 resignations 24-02

Key points

from the 2025 annual accounts

Overdue debts

€169,541 on 31-12-2025

The annual accounts state €169,541 of overdue social security (RSZ) debts on 31-12-2025.

Equity

€28.8m ▼ 46.1%
53.52024+5.3Profit-30.0Dividend28.82025

Platform Science paid out €30.0m in dividends. That is 568% of the 2025 profit.

Debts

€21.2m ▲ 74.8%
Suppliers
+7.9
Taxes and wages
+0.9
The rest
+0.3

Debts rose by €9.1m in 2025.

Investments

€255,219 2.0 × depreciation
2022202320242025

Green is investment, beige is depreciation.

Payment terms

152 days to suppliers
Suppliers
74 to 152
Customers
101 to 75

Platform Science pays its suppliers 78 days later than in 2024. Customers pay 26 days earlier.

Filings

27 annual accounts 31 filings, 77 days
AprilJune31 JulyOctober200020102020

Latest accounts filed late: after the legal deadline.

Checked score

82
Excellent
Financially stronger than 52% of all companies
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.8% across 18 companies (NACE 61, medium-sized).

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.8%▲ +0.6 percentage points vs 09-2025highest value 11-2025: 0.2%▼ -0.6 percentage points vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.5%▲ +0.2 percentage points vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026

Financial strength
Strong

83-17equity 57.5% of total assets
39-30short-term debt 39.9% · cash 6.4%
71-16return on assets 10.5%

Score breakdown

raises risk
Last filed accounts filed 77 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Sector: Telecommunications (NACE 61)
lowers risk
Size: turnover €50.1m, 107.6 FTE, total assets €50.1m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 73% of them on solvency, 41% on liquidity, 68% on profitability and 27% on growth.

The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 1,579 companies had the same profile as Platform Science has now. Each dot stands for 4 companies, two years later.

96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of Platform Science itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,579 companies, not a prediction for Platform Science. 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.

Credit verdict

Credit of up to €2,350,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.19 (5.03 in 2024), above the usual 1.5. Short-term debt is 39.9% and cash 6.4% of total assets. 42.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 77 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Size: turnover €50.1m, 107.6 FTE, total assets €50.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Sector: Telecommunications (NACE 61)
KBO
raises risk · 2025 accounts filed 77 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-10-2026, 77 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
77 days late
2024
77 days late
2023
76 days late
2022
45 days late
2021
59 days late
2020
116 days late
2019
84 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 76 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

JK
Managing director
A
Managing director, Peter Huysmans
GM
Director, since 08-02-2025
NL
Director, since 08-02-2025
EB
Auditor, Line Vyvey

Shares in 4 companies, including Punch Telematix France sas and Punch Telematix Nederland BV

Board & ownership

Recent changes

Appointment: EY Bedrijfsrevisoren BV (statutory auditor) Permanent representative: Line Vyvey · General meeting of 31-10-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0464257143
Reappointment: Asturion BV (director) Permanent representative: Peter Huysmans · General meeting of 21-08-2025 · Gazette deed
Company renamed from TRIMBLE to Platform Science Registered office moved within Ypres · New registered office: Ter Waarde 90, 8900 Ieper · Previous registered office: Ter Waarde 50, 8900 Ieper · General meeting of 27-06-2025 · Gazette deed
All 50 events

Comparable companies

same main activity, similar in size and age
Company
Platform Science Ypres €50.1m 7.2% 57.5% 107.6
ORANGE BUSINESS BELGIUM Evere €67.0m 2.6% 20.5% 134.1
Simac Leuven €69.7m 2.0% 26.1% 167.2
Colt Technology Services Machelen (Brab.) €73.3m 2.8% 30.1% 67.7
CEGELEC INFRA TECHNICS Charleroi €75.1m 5.6% 15.7% 260.7
STEFANINI Zaventem €41.3m 6.7% 26.4% 130
WEngage International Machelen (Brab.) €51.8m 0.0% 24.7% 65.8
-10%0%10%20%€5,000€50,000€500,000€5m€50m€500mPlatform ScienceEBIT margin

Grey: the largest companies of the sector (telecommunications (NACE 61)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as Platform Science: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €17m and €83m, founded between 1990 and 2006.

Official details

Source: KBO
Status
Active since 01-10-1998Normal situation
Activity
Wired, wireless and satellite telecommunicationsNACE 61100and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.131.300.0348900 Ypres, since 23-02-1999
Financial year end
31 December
Peppol
Reachable since 03-11-2025
Company details

Annual accounts 2025

€50.1m▼ 23.8%
Employeeson 31-12-2025
109▲ 6.9%
Filing
Filed on 16-10-2026
Financials

Companies linked to Platform Science

Insights on Platform Science

Platform Science has existed since 1998. Turnover grew from €10.1m in 2006 to €50.1m in 2025 and staff from 23.2 to 107.6 full-time equivalents.

Solvency fell in 2025 from 81.4% to 57.5% because of the dividend and higher debts to suppliers.

In November 2023, the Official Gazette published the appointment of ASTURION as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Platform Science

What is the company number of Platform Science?
The company number of Platform Science is 0464.257.143. The VAT number is the same number with BE in front: BE 0464.257.143.
Where is Platform Science based?
The registered office is at Ter Waarde 90, 8900 Ypres.Company details
What does Platform Science do?
According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
What is the legal form of Platform Science?
Platform Science is a public limited company (NV).
When was Platform Science founded?
Platform Science was founded on 01-10-1998.
Is Platform Science still active?
Yes, Platform Science is an active enterprise in the KBO register.
How many employees does Platform Science have?
Platform Science had an average of 107.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Platform Science fall under?
In its 2025 annual accounts, Platform Science states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of Platform Science?
The turnover of Platform Science was €50.1m in financial year 2025, according to the filed annual accounts.
Is Platform Science profitable?
In financial year 2025, Platform Science made a profit of €5.3m.
Where can I find the annual accounts of Platform Science?
Platform Science filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Platform Science due?
Platform Science must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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