UBORA
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00506236.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 10 filings
Turnover
≈ €110,000
Estimated: probably between €99,000 and €150,000
Total assets
€189,639▲ 17.7%
2024 · €161,089
Net result
€20,721
2024 · -€20,751
Working capital
-€36,913▲ 40.5%
2024 · -€62,065
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€51,190
2025
20182025
Net result
€20,721
2025
middle half of the sector
20182025
Equity
€67,926
▲ 43.9%
2025
middle half of the sector
20182025
Total assets
€189,639
▲ 17.7%
2025
middle half of the sector
20182025
Debt
€121,713
▲ 6.9%
2025
20182025
Working capital
-€36,913
▲ 40.5%
2025
lowest quarter of the sector
20182025
Solvency
35.8%
▲ 6.5pp
2025
middle half of the sector
20182025
Current ratio
0.70
▲ 0.24
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
10.9%
▲ 23.8pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€42,975-€25,067€15,313▼ 38.9%€14,479▼ 5.4%€49,917▲ 245%€60,926▲ 22.1%-€12,604€51,190
Net result-€46,350-€14,417€11,406within the sector's middle half▼ 20.9%€127below the sector's middle half▼ 98.9%€27,094within the sector's middle half▲ 213×€26,361within the sector's middle half▼ 2.7%-€20,751below the sector's middle half€20,721within the sector's middle half
Equity-€11,449-€2,968€14,374below the sector's middle half▲ 384%€14,501below the sector's middle half▲ 0.9%€41,595within the sector's middle half▲ 187%€67,956within the sector's middle half▲ 63.4%€47,205within the sector's middle half▼ 30.5%€67,926within the sector's middle half▲ 43.9%
Total assets€54,211-€55,925▲ 3.2%€96,679within the sector's middle half▲ 72.9%€106,026within the sector's middle half▲ 9.7%€115,875within the sector's middle half▲ 9.3%€137,714within the sector's middle half▲ 18.8%€161,089within the sector's middle half▲ 17.0%€189,639within the sector's middle half▲ 17.7%
Debt€65,659-€52,957▼ 19.3%€82,305▲ 55.4%€91,525▲ 11.2%€74,280▼ 18.8%€69,758▼ 6.1%€113,884▲ 63.3%€121,713▲ 6.9%
Working capital-€27,431--€9,813▲ 64.2%-€15,095below the sector's middle half▼ 53.8%€2,161below the sector's middle half€23,549within the sector's middle half▲ 990%€50,476within the sector's middle half▲ 114%-€62,065below the sector's middle half-€36,913below the sector's middle half▲ 40.5%
Solvency-21.1%-5.3%▲ 26.4pp14.9%below the sector's middle half▲ 9.6pp13.7%below the sector's middle half▼ 1.2pp35.9%within the sector's middle half▲ 22.2pp49.3%within the sector's middle half▲ 13.4pp29.3%below the sector's middle half▼ 20.0pp35.8%within the sector's middle half▲ 6.5pp
Current ratio0.55-0.81▲ 0.270.82below the sector's middle half=1.03below the sector's middle half▲ 0.211.32below the sector's middle half▲ 0.291.72within the sector's middle half▲ 0.410.46below the sector's middle half▼ 1.270.70below the sector's middle half▲ 0.24
Return on assets (ROA)-85.5%-25.8%▲ 111.3pp11.8%within the sector's middle half▼ 14.0pp0.1%below the sector's middle half▼ 11.7pp23.4%within the sector's middle half▲ 23.3pp19.1%within the sector's middle half▼ 4.2pp-12.9%below the sector's middle half▼ 32.0pp10.9%within the sector's middle half▲ 23.8pp
Staff (FTE)0.80.3▼ 62.5%
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 €51,190, after a loss of €12,604 in 2024.
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
2025 in colour, 2024 as the grey bar beneath
Assets €189,639
Fixed assets
€104,839 ▼ 4.1%
Current assets
€84,801 ▲ 63.6%
Equity and liabilities €189,639
Equity
€67,926 ▲ 43.9%
Debt
€121,713 ▲ 6.9%
Debt's share of the balance-sheet total falls from 70.7% to 64.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,621▲
2024 · -€7,263
Cash flow
€25,152▲
2024 · -€15,410
Debt to equity
1.79▼
2024 · 2.41
ROE
30.5%▲
2024 · -44.0%
Interest coverage
5.98▲
2024 · -1.57
Debt ≤ 1 year
€121,713▲
2024 · €113,884
Income taxes
€21,165▲
2024 · €3,511
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 0.8 | 0.3 |
| Joined | 1 | - |
| Left | 1 | - |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,588 | €2,200 | - | - | - |
| Financial fixed assets | - | - | €7,495 | €97,130 | - |
| Depreciation and write-downs of the year | €5,325 | €5,251 | €5,341 | €5,341 | €4,431 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €24,299 | €14,934 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,922 | €11,200 | €11,467 | €5,325 | €5,251 | €5,341 | €5,341 | €4,431 | ▼ 17.0% |
| Other operating charges640/8 | - | - | - | €10,475 | €1,505 | €5,917 | €1,365 | €1,448 | ▲ 6.1% |
| Gross operating margin9900 | -€27,883 | €38,649 | €29,613 | €30,279 | €80,971 | €87,118 | -€5,898 | €57,069 | - |
| Operating profit (loss)9901 | -€42,975 | €25,067 | €15,313 | €14,479 | €49,917 | €60,926 | -€12,604 | €51,190 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €3 | - |
| Financial charges65/66B | - | - | - | €6,346 | €10,255 | €21,084 | €4,637 | €9,307 | ▲ 101% |
| Recurring financial charges65 | €2,962 | €10,272 | €2,884 | €6,346 | €10,255 | €21,084 | €4,637 | €9,307 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | -€45,937 | €14,794 | €12,429 | €8,133 | €39,661 | €39,842 | -€17,240 | €41,885 | - |
| Income taxes67/77 | €412 | €378 | €1,023 | €8,006 | €12,567 | €13,481 | €3,511 | €21,165 | ▲ 503% |
| Profit (loss) for the period9904 | -€46,350 | €14,417 | €11,406 | €127 | €27,094 | €26,361 | -€20,751 | €20,721 | - |
| Profit (loss) for the period to be appropriated9905 | -€46,350 | €14,417 | €11,406 | €127 | €27,094 | €26,361 | -€20,751 | €20,721 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €54,211 | €55,925 | €96,679 | €106,026 | €115,875 | €137,714 | €161,089 | €189,639 | ▲ 17.7% |
| Fixed assets21/28 | €21,129 | €12,781 | €29,469 | €21,097 | €18,046 | €17,480 | €109,270 | €104,839 | ▼ 4.1% |
| Intangible fixed assets21 | - | - | €25,818 | €16,893 | €12,603 | €8,313 | €4,023 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €20,539 | €12,131 | €931 | €1,484 | €2,723 | €1,672 | €621 | €213 | ▼ 65.7% |
| Furniture and vehicles24 | - | - | - | €1,484 | €2,723 | €1,672 | €621 | €213 | ▼ 65.7% |
| Financial fixed assets28 | €590 | €650 | €2,720 | €2,720 | €2,720 | €7,495 | €104,625 | €104,625 | = |
| Current assets29/58 | €33,081 | €43,144 | €67,210 | €84,930 | €97,829 | €120,234 | €51,819 | €84,801 | ▲ 63.6% |
| Amounts receivable within one year40/41 | €30,872 | €38,550 | €66,013 | €76,831 | €92,080 | €117,714 | €51,644 | €84,073 | ▲ 62.8% |
| Trade receivables40 | - | - | - | €19,931 | €37,738 | €60,789 | €47,459 | €83,441 | ▲ 75.8% |
| Other amounts receivable41 | - | - | - | €56,901 | €54,342 | €56,925 | €4,185 | €631 | ▼ 84.9% |
| Cash at bank and in hand54/58 | €2,209 | €4,594 | €1,197 | €8,098 | €5,749 | €2,520 | €175 | €387 | ▲ 120% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €341 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €54,211 | €55,925 | €96,679 | €106,026 | €115,875 | €137,714 | €161,089 | €189,639 | ▲ 17.7% |
| Equity10/15 | -€11,449 | €2,968 | €14,374 | €14,501 | €41,595 | €67,956 | €47,205 | €67,926 | ▲ 43.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,150 | €15,150 | €15,150 | €15,150 | €15,150 | €15,150 | €15,150 | €35,871 | ▲ 137% |
| Distributable reserves133 | - | - | - | €15,150 | €15,150 | €15,150 | €15,150 | €35,871 | ▲ 137% |
| Profit (loss) carried forward14 | -€45,199 | -€30,782 | -€19,376 | -€19,249 | €7,845 | €34,206 | €13,455 | €13,455 | = |
| Amounts payable17/49 | €65,659 | €52,957 | €82,305 | €91,525 | €74,280 | €69,758 | €113,884 | €121,713 | ▲ 6.9% |
| Amounts payable after more than one year17 | €3,895 | - | - | €8,757 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €8,757 | - | - | - | - | - |
| Amounts payable within one year42/48 | €60,512 | €52,957 | €82,305 | €82,768 | €74,280 | €69,758 | €113,884 | €121,713 | ▲ 6.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,650 | €8,757 | - | €5,500 | - | - |
| Financial debts43 | - | - | - | €418 | - | €1,898 | €1,411 | - | - |
| Credit institutions430/8 | - | - | - | €418 | - | €1,898 | €1,411 | - | - |
| Trade debts44 | €21,633 | €40,866 | €66,821 | €34,225 | €32,736 | €37,088 | €72,221 | €64,195 | ▼ 11.1% |
| Suppliers440/4 | - | - | - | €34,225 | €32,736 | €37,088 | €72,221 | €64,195 | ▼ 11.1% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €24,279 | €26,270 | ▲ 8.2% |
| Taxes, remuneration and social security45 | - | - | - | €39,475 | €32,787 | €30,772 | €10,473 | €31,249 | ▲ 198% |
| Taxes450/3 | - | - | - | €39,475 | €29,597 | €30,772 | €4,779 | €31,249 | ▲ 554% |
| Remuneration and social security454/9 | - | - | - | - | €3,190 | - | €5,694 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€46,350 | €14,417 | €11,406 | €127 | €27,094 | €26,361 | -€20,751 | €20,721 | - |
| + Depreciation and write-downs630 | €11,922 | €11,200 | €11,467 | €5,325 | €5,251 | €5,341 | €5,341 | €4,431 | ▼ 17.0% |
| Operating cash flow (approximation) | -€34,428 | €25,617 | €22,873 | €5,453 | €32,345 | €31,702 | -€15,410 | €25,152 | - |
| Investment in fixed assets (approximation) | - | -€2,852 | -€28,155 | €3,047 | -€2,200 | -€4,775 | -€97,130 | €0 | - |
| Change in cash | - | €2,385 | -€3,397 | €6,902 | -€2,349 | -€3,229 | -€2,345 | €211 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00506236 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00532124 | |
| 31-12-2023 | micro format | 12-08-2024 | 2024-00339009 | |
| 31-12-2022 | micro format | 08-07-2023 | 2023-00217128 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20362786 | |
| 31-12-2020 | micro format | 10-08-2021 | 2021-47100109 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-46800349 | |
| 31-12-2018 | micro format | 15-07-2019 | 2019-32200446 | |
| 31-12-2017 | micro format | 30-05-2018 | 2018-14400265 | |
| 31-12-2016 | full format | 23-08-2017 | 2017-45600556 |