VITAL script
ActiveSummary
VITAL script has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,024 and a net result of €21,096. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 73% of 21,110 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, micro format
In the rankings
#6 oldest company in Hasselt, Telecoms and IT sector
Turnover
≈ €99,000
Estimated: probably between €77,000 and €130,000
Total assets
€64,860▲ 29.7%
2024 · €49,996
Net result
€21,096▲ 328%
2024 · €4,932
Working capital
€15,977
2024 · -€4,917
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4.8 times 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€29,065
2025
Net result€21,096
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€64,860
2025
Equity€51,024
2025
Debt€13,836
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€15,977
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)32.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency78.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.15
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-€4,928-€257€4,428▲ 17×€11,174▲ 152%-€9,011€6,034€29,065▲ 382%
Net result-€5,274--€516below the sector's middle half▲ 90.2%€4,481within the sector's middle half€7,829within the sector's middle half▲ 74.7%-€9,467below the sector's middle half€4,932within the sector's middle half€21,096within the sector's middle half▲ 328%
Equity€25,161-€24,645below the sector's middle half▼ 2.1%€29,127within the sector's middle half▲ 18.2%€36,155within the sector's middle half▲ 24.1%€26,688within the sector's middle half▼ 26.2%€30,788within the sector's middle half▲ 15.4%€51,024within the sector's middle half▲ 65.7%
Total assets€51,395-€61,513below the sector's middle half▲ 19.7%€61,595below the sector's middle half▲ 0.1%€74,172within the sector's middle half▲ 20.4%€58,705below the sector's middle half▼ 20.9%€49,996below the sector's middle half▼ 14.8%€64,860below the sector's middle half▲ 29.7%
Debt€26,233-€36,868▲ 40.5%€32,468▼ 11.9%€38,017▲ 17.1%€32,017▼ 15.8%€19,208▼ 40.0%€13,836▼ 28.0%
Working capital-€10,316--€11,454below the sector's middle half▼ 11.0%-€9,489below the sector's middle half▲ 17.2%-€1,507below the sector's middle half▲ 84.1%-€9,998below the sector's middle half▼ 564%-€4,917below the sector's middle half▲ 50.8%€15,977within the sector's middle half
Solvency49.0%-40.1%within the sector's middle half▼ 8.9pp47.3%within the sector's middle half▲ 7.2pp48.7%within the sector's middle half▲ 1.5pp45.5%within the sector's middle half▼ 3.3pp61.6%within the sector's middle half▲ 16.1pp78.7%within the sector's middle half▲ 17.1pp
Current ratio0.61-0.69below the sector's middle half▲ 0.080.70below the sector's middle half▲ 0.010.96below the sector's middle half▲ 0.260.68below the sector's middle half▼ 0.280.74below the sector's middle half▲ 0.072.15within the sector's middle half▲ 1.41
Return on assets (ROA)-10.3%--0.8%below the sector's middle half▲ 9.4pp7.3%within the sector's middle half▲ 8.1pp10.6%within the sector's middle half▲ 3.3pp-16.1%below the sector's middle half▼ 26.7pp9.9%within the sector's middle half▲ 26.0pp32.5%within the sector's middle half▲ 22.7pp
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 €64,860
Fixed assets
€35,047 ▼ 1.8%
Current assets
€29,813 ▲ 109%
Equity and liabilities €64,860
Equity
€51,024 ▲ 65.7%
Debt
€13,836 ▼ 28.0%
Debt's share of the balance-sheet total falls from 38.4% to 21.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,723▲
2024 · €7,893
Cash flow
€21,754▲
2024 · €6,791
Debt to equity
0.27▼
2024 · 0.62
ROE
41.3%▲
2024 · 16.0%
Interest coverage
-2074.19▼
2024 · 8.63
Debt ≤ 1 year
€13,836▼
2024 · €19,208
Income taxes
€7,984▲
2024 · €192
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 | €1,704 | €534 | €1,030 | €2,186 | €2,695 | €1,858 | €658 | ▼ 64.6% |
| Other operating charges640/8 | - | - | - | €482 | €201 | €144 | €515 | ▲ 258% |
| Gross operating margin9900 | -€3,140 | €846 | €9,322 | €13,842 | -€6,115 | €8,037 | €30,238 | ▲ 276% |
| Operating profit (loss)9901 | -€4,928 | €257 | €4,428 | €11,174 | -€9,011 | €6,034 | €29,065 | ▲ 382% |
| Financial income75/76B | - | - | - | €0 | - | €4 | €0 | ▼ 100% |
| Recurring financial income75 | €37 | - | €1,763 | €0 | - | €4 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €344 | €252 | €914 | -€14 | - |
| Recurring financial charges65 | €150 | €437 | €814 | €344 | €252 | €914 | -€14 | - |
| Profit (loss) for the period before taxes9903 | -€5,041 | -€179 | €5,377 | €10,830 | -€9,262 | €5,124 | €29,080 | ▲ 468% |
| Income taxes67/77 | €233 | €337 | €896 | €3,002 | €205 | €192 | €7,984 | ▲ 42× |
| Profit (loss) for the period9904 | -€5,274 | -€516 | €4,481 | €7,829 | -€9,467 | €4,932 | €21,096 | ▲ 328% |
| Profit (loss) for the period to be appropriated9905 | -€5,274 | -€516 | €4,481 | €7,829 | -€9,467 | €4,932 | €21,096 | ▲ 328% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €51,395 | €61,513 | €61,595 | €74,172 | €58,705 | €49,996 | €64,860 | ▲ 29.7% |
| Fixed assets21/28 | €35,477 | €36,099 | €39,948 | €40,258 | €37,563 | €35,705 | €35,047 | ▼ 1.8% |
| Tangible fixed assets22/27 | €430 | €1,052 | €4,901 | €5,211 | €2,516 | €658 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €5,211 | €2,516 | €658 | €0 | ▼ 100% |
| Financial fixed assets28 | €35,047 | €35,047 | €35,047 | €35,047 | €35,047 | €35,047 | €35,047 | = |
| Current assets29/58 | €15,918 | €25,414 | €21,647 | €33,915 | €21,142 | €14,291 | €29,813 | ▲ 109% |
| Amounts receivable within one year40/41 | €54 | €14,487 | €9,339 | €6,684 | €13,679 | €7,360 | €755 | ▼ 89.7% |
| Trade receivables40 | - | - | - | €6,684 | €13,679 | €4,634 | €755 | ▼ 83.7% |
| Other amounts receivable41 | - | - | - | - | - | €2,726 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €13,487 | €8,901 | €7,613 | €24,453 | €4,306 | €6,395 | €28,384 | ▲ 344% |
| Deferred charges and accrued income490/1 | - | - | - | €2,777 | €3,157 | €537 | €674 | ▲ 25.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €51,395 | €61,513 | €61,595 | €74,172 | €58,705 | €49,996 | €64,860 | ▲ 29.7% |
| Equity10/15 | €25,161 | €24,645 | €29,127 | €36,155 | €26,688 | €30,788 | €51,024 | ▲ 65.7% |
| Contributions10/11 | €6,200 | - | - | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €28,064 | €28,064 | €28,064 | €33,232 | €33,232 | €33,232 | €42,964 | ▲ 29.3% |
| Tax-exempt reserves132 | - | - | - | €19,463 | €19,463 | €19,463 | €19,463 | = |
| Distributable reserves133 | - | - | - | €13,769 | €13,769 | €13,769 | €23,501 | ▲ 70.7% |
| Profit (loss) carried forward14 | -€9,102 | -€9,619 | -€5,137 | -€5,137 | -€14,604 | -€10,505 | €0 | - |
| Amounts payable17/49 | €26,233 | €36,868 | €32,468 | €38,017 | €32,017 | €19,208 | €13,836 | ▼ 28.0% |
| Amounts payable after more than one year17 | - | - | €1,333 | €2,596 | €877 | - | - | - |
| Financial debts170/4 | - | - | - | €2,596 | €877 | - | - | - |
| Amounts payable within one year42/48 | €26,233 | €36,868 | €31,135 | €35,421 | €31,140 | €19,208 | €13,836 | ▼ 28.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,006 | €1,719 | €877 | €0 | ▼ 100% |
| Trade debts44 | €7,519 | €6,809 | €6,606 | €6,069 | €9,781 | €7,548 | €3,351 | ▼ 55.6% |
| Suppliers440/4 | - | - | - | €6,069 | €9,781 | €7,548 | €3,351 | ▼ 55.6% |
| Taxes, remuneration and social security45 | - | - | - | €4,237 | €1,519 | - | €8,202 | - |
| Taxes450/3 | - | - | - | €4,237 | €1,519 | - | €8,202 | - |
| Other amounts payable47/48 | - | - | - | €22,108 | €18,121 | €10,784 | €2,283 | ▼ 78.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,274 | -€516 | €4,481 | €7,829 | -€9,467 | €4,932 | €21,096 | ▲ 328% |
| + Depreciation and write-downs630 | €1,704 | €534 | €1,030 | €2,186 | €2,695 | €1,858 | €658 | ▼ 64.6% |
| Operating cash flow (approximation) | -€3,571 | €18 | €5,512 | €10,014 | -€6,772 | €6,791 | €21,754 | ▲ 220% |
| Investment in fixed assets (approximation) | - | -€1,156 | -€4,880 | -€2,495 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,586 | -€1,289 | €16,840 | -€20,148 | €2,089 | €21,989 | ▲ 952% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 16-03-2026 | 2026-00055089 |
| 30-09-2024 | micro format | 30-03-2025 | 2025-00057645 |
| 30-09-2023 | micro format | 30-03-2024 | 2024-00053355 |
| 30-09-2022 | micro format | 17-03-2023 | 2023-00040946 |
| 30-09-2021 | micro format | 21-02-2022 | 2022-06000026 |
| 30-09-2020 | micro format | 30-03-2021 | 2021-08900450 |
| 30-09-2019 | micro format | 16-03-2020 | 2020-06800299 |
| 30-09-2018 | micro format | 31-03-2019 | 2019-09000449 |
| 30-09-2017 | micro format | 12-03-2018 | 2018-06600321 |
| 30-09-2016 | abbreviated format | 28-04-2017 | 2017-10500562 |
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Of the 16,999 active companies whose main activity is computer programming (NACE 62100), figures are known for 9,002. 6,962 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.