UNDIFY
ActiveSummary
UNDIFY has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €163,453 and a net result of €28,777. Equity is growing by about 28% per year across the filed financial years. Its solvency ranks better than 36% of 21,110 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, micro format
Turnover
≈ €150,000
Estimated: probably between €120,000 and €210,000
Total assets
€383,457▲ 9.7%
2024 · €349,677
Net result
€28,777▲ 26.0%
2024 · €22,831
Working capital
-€122,620▲ 17.2%
2024 · -€148,035
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 21% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€42,880
2025
Net result€28,777
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€383,457
2025
Equity€163,453
2025
Debt€220,004
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€122,620
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)7.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency42.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.31
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€23,730-€11,114▼ 53.2%€14,056▲ 26.5%€25,305▲ 80.0%€40,891▲ 61.6%€35,499▼ 13.2%€42,880▲ 20.8%
Net result€14,946-€5,382within the sector's middle half▼ 64.0%€7,765within the sector's middle half▲ 44.3%€36,714within the sector's middle half▲ 373%€27,349within the sector's middle half▼ 25.5%€22,831within the sector's middle half▼ 16.5%€28,777within the sector's middle half▲ 26.0%
Equity€34,633-€40,016within the sector's middle half▲ 15.5%€47,781within the sector's middle half▲ 19.4%€84,496within the sector's middle half▲ 76.8%€111,845within the sector's middle half▲ 32.4%€134,675within the sector's middle half▲ 20.4%€163,453above the sector's middle half▲ 21.4%
Total assets€208,408-€205,357within the sector's middle half▼ 1.5%€225,285within the sector's middle half▲ 9.7%€347,062above the sector's middle half▲ 54.1%€328,766above the sector's middle half▼ 5.3%€349,677above the sector's middle half▲ 6.4%€383,457above the sector's middle half▲ 9.7%
Debt€173,774-€165,342▼ 4.9%€177,504▲ 7.4%€262,566▲ 47.9%€216,921▼ 17.4%€215,001▼ 0.9%€220,004▲ 2.3%
Working capital-€78,062--€88,416below the sector's middle half▼ 13.3%-€73,616below the sector's middle half▲ 16.7%-€199,450below the sector's middle half▼ 171%-€171,861below the sector's middle half▲ 13.8%-€148,035below the sector's middle half▲ 13.9%-€122,620below the sector's middle half▲ 17.2%
Solvency16.6%-19.5%below the sector's middle half▲ 2.9pp21.2%below the sector's middle half▲ 1.7pp24.3%below the sector's middle half▲ 3.1pp34.0%within the sector's middle half▲ 9.7pp38.5%within the sector's middle half▲ 4.5pp42.6%within the sector's middle half▲ 4.1pp
Current ratio0.31-0.27below the sector's middle half▼ 0.040.40below the sector's middle half▲ 0.130.09below the sector's middle half▼ 0.300.02below the sector's middle half▼ 0.080.14below the sector's middle half▲ 0.120.31below the sector's middle half▲ 0.17
Return on assets (ROA)7.2%-2.6%below the sector's middle half▼ 4.6pp3.4%below the sector's middle half▲ 0.8pp10.6%within the sector's middle half▲ 7.1pp8.3%within the sector's middle half▼ 2.3pp6.5%within the sector's middle half▼ 1.8pp7.5%within the sector's middle half▲ 1.0pp
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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 €383,457
Fixed assets
€328,820 ▲ 1.0%
Current assets
€54,637 ▲ 126%
Equity and liabilities €383,457
Equity
€163,453 ▲ 21.4%
Debt
€220,004 ▲ 2.3%
Debt's share of the balance-sheet total falls from 61.5% to 57.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,663▲
2024 · €37,183
Cash flow
€30,561▲
2024 · €24,514
Debt to equity
1.35▼
2024 · 1.60
ROE
17.6%▲
2024 · 17.0%
Interest coverage
88.97▼
2024 · over 100
Debt ≤ 1 year
€177,257▲
2024 · €172,259
Debt > 1 year
€42,323=
2024 · €42,323
Income taxes
€13,600▲
2024 · €12,533
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,009 | €848 | €1,319 | €1,750 | €2,229 | €1,684 | €1,784 | ▲ 5.9% |
| Other operating charges640/8 | - | - | €1,201 | €837 | €632 | €2,586 | €451 | ▼ 82.6% |
| Gross operating margin9900 | €24,739 | €12,113 | €16,576 | €27,893 | €43,753 | €39,769 | €45,115 | ▲ 13.4% |
| Operating profit (loss)9901 | €23,730 | €11,114 | €14,056 | €25,305 | €40,891 | €35,499 | €42,880 | ▲ 20.8% |
| Financial income75/76B | - | - | €11 | €24,025 | €0 | €1 | - | - |
| Recurring financial income75 | €5 | €1 | €11 | €24,025 | €0 | €1 | - | - |
| Financial charges65/66B | - | - | €1,308 | €802 | €425 | €136 | €502 | ▲ 269% |
| Recurring financial charges65 | €2,014 | €1,620 | €1,308 | €802 | €425 | €136 | €502 | ▲ 269% |
| Profit (loss) for the period before taxes9903 | €21,722 | €9,494 | €12,759 | €48,527 | €40,467 | €35,364 | €42,378 | ▲ 19.8% |
| Income taxes67/77 | €6,776 | €4,111 | €4,994 | €11,813 | €13,118 | €12,533 | €13,600 | ▲ 8.5% |
| Profit (loss) for the period9904 | €14,946 | €5,382 | €7,765 | €36,714 | €27,349 | €22,831 | €28,777 | ▲ 26.0% |
| Profit (loss) for the period to be appropriated9905 | €14,946 | €5,382 | €7,765 | €36,714 | €27,349 | €22,831 | €28,777 | ▲ 26.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €208,408 | €205,357 | €225,285 | €347,062 | €328,766 | €349,677 | €383,457 | ▲ 9.7% |
| Fixed assets21/28 | €173,353 | €173,464 | €177,083 | €326,647 | €326,028 | €325,453 | €328,820 | ▲ 1.0% |
| Tangible fixed assets22/27 | €1,353 | €1,464 | €5,083 | €4,631 | €4,012 | €3,437 | €6,804 | ▲ 97.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,474 | €1,152 | €830 | ▼ 28.0% |
| Furniture and vehicles24 | - | - | €5,083 | €4,631 | €2,538 | €2,285 | €1,062 | ▼ 53.5% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €4,912 | - |
| Financial fixed assets28 | €172,000 | €172,000 | €172,000 | €322,016 | €322,016 | €322,016 | €322,016 | = |
| Current assets29/58 | €35,055 | €31,893 | €48,202 | €20,415 | €2,737 | €24,223 | €54,637 | ▲ 126% |
| Amounts receivable within one year40/41 | €20,491 | €7,578 | €24,586 | €13,268 | €2,232 | €23,138 | €51,322 | ▲ 122% |
| Trade receivables40 | - | - | €24,200 | €13,056 | €2,166 | €23,138 | €51,322 | ▲ 122% |
| Other amounts receivable41 | - | - | €386 | €212 | €66 | - | - | - |
| Cash at bank and in hand54/58 | €14,564 | €24,094 | €23,380 | €7,119 | €364 | €1,085 | €3,315 | ▲ 206% |
| Deferred charges and accrued income490/1 | - | - | €236 | €28 | €142 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €208,408 | €205,357 | €225,285 | €347,062 | €328,766 | €349,677 | €383,457 | ▲ 9.7% |
| Equity10/15 | €34,633 | €40,016 | €47,781 | €84,496 | €111,845 | €134,675 | €163,453 | ▲ 21.4% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €38,574 | €65,923 | €88,754 | €117,531 | ▲ 32.4% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €36,714 | €64,063 | €86,894 | €115,671 | ▲ 33.1% |
| Profit (loss) carried forward14 | €14,173 | €19,556 | €27,321 | €27,321 | €27,321 | €27,321 | €27,321 | = |
| Amounts payable17/49 | €173,774 | €165,342 | €177,504 | €262,566 | €216,921 | €215,001 | €220,004 | ▲ 2.3% |
| Amounts payable after more than one year17 | €60,657 | €45,033 | €55,686 | €42,323 | €42,323 | €42,323 | €42,323 | = |
| Financial debts170/4 | - | - | €55,686 | €42,323 | €42,323 | €42,323 | €42,323 | = |
| Amounts payable within one year42/48 | €113,117 | €120,309 | €121,818 | €219,864 | €174,598 | €172,259 | €177,257 | ▲ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | €31,670 | €13,363 | - | - | €4,047 | - |
| Financial debts43 | - | - | €1,252 | €923 | €337 | €1,314 | €62 | ▼ 95.3% |
| Credit institutions430/8 | - | - | €1,252 | €923 | €337 | €1,314 | €62 | ▼ 95.3% |
| Trade debts44 | €1,312 | €11,568 | €31,017 | €55,416 | €816 | €3,211 | €6,477 | ▲ 102% |
| Suppliers440/4 | - | - | €31,017 | €55,416 | €816 | €3,211 | €6,477 | ▲ 102% |
| Taxes, remuneration and social security45 | - | - | €13,109 | €26,148 | €8,887 | €22,374 | €10,188 | ▼ 54.5% |
| Taxes450/3 | - | - | €13,109 | €26,148 | €8,887 | €22,374 | €10,188 | ▼ 54.5% |
| Other amounts payable47/48 | - | - | €44,770 | €124,014 | €164,558 | €145,360 | €156,483 | ▲ 7.7% |
| Accrued charges and deferred income492/3 | - | - | - | €378 | - | €420 | €424 | ▲ 1.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,946 | €5,382 | €7,765 | €36,714 | €27,349 | €22,831 | €28,777 | ▲ 26.0% |
| + Depreciation and write-downs630 | €1,009 | €848 | €1,319 | €1,750 | €2,229 | €1,684 | €1,784 | ▲ 5.9% |
| Operating cash flow (approximation) | €15,955 | €6,230 | €9,084 | €38,464 | €29,578 | €24,514 | €30,561 | ▲ 24.7% |
| Investment in fixed assets (approximation) | - | -€959 | -€4,938 | -€151,314 | -€1,611 | -€1,109 | -€5,150 | ▼ 365% |
| Change in cash | - | €9,531 | -€714 | -€16,261 | -€6,755 | €721 | €2,230 | ▲ 209% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 01-04-2026 | 2026-00069691 |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00081213 |
| 30-09-2023 | micro format | 23-05-2024 | 2024-00093433 |
| 30-09-2022 | micro format | 10-05-2023 | 2023-00084207 |
| 30-09-2021 | micro format | 06-05-2022 | 2022-20021282 |
| 30-09-2020 | micro format | 10-06-2021 | 2021-19000266 |
| 30-09-2019 | micro format | 27-05-2020 | 2020-13500216 |
| 30-09-2018 | micro format | 30-05-2019 | 2019-15200437 |
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Of the 29,903 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,949. 15,596 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.