WEBPLICATIONS
ActiveSummary
The computed 12-month bankruptcy probability of WEBPLICATIONS is 3.4% (moderate). The 2025 annual accounts show negative equity (-€29.8m) and a net result of -€35.9m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 5,738 sector peers (NACE 68, financial year 2025). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
Turnover
€510,359▲ 13.5%
2024 · €449,823
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€35.9m
2024 · €274,710
Working capital
-€108.9m▼ 96.2%
2024 · -€55.5m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 8 financial years
The operating result returns to profit in 2025: €805,267 after a loss of €443,374 in 2024, 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.
Turnover€0.5m
2025
Operating result€0.8m
2025
Net result-€35.9m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€80.1m
2025
Equity-€29.8m
2025
Debt€109.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€108.9m
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)-44.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-37.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.00
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202020212022202320242025
Turnover€0.4m€0.4m▼ 8.6%€0.4m▲ 11.1%€0.4m▲ 2.7%€0.5m▲ 13.5%
Operating result-€0.003m--€0.004m▼ 30.0%-€0.2m--€1.1m▼ 573%-€0.8m▲ 24.9%-€0.8m▲ 5.9%-€0.4m▲ 42.5%€0.8m
Net result-€0.002m--€0.005mwithin the sector's middle half▼ 99.8%-€0.2mbelow the sector's middle half--€1.2mbelow the sector's middle half▼ 611%-€5.5mbelow the sector's middle half▼ 366%-€5.7mbelow the sector's middle half▼ 5.0%€0.3mabove the sector's middle half-€35.9mbelow the sector's middle half
Equity€3.4m-€3.4mabove the sector's middle half▼ 0.1%€3.2mabove the sector's middle half-€2.1mwithin the sector's middle half▼ 36.3%-€3.4mbelow the sector's middle half€5.8mabove the sector's middle half€6.1mabove the sector's middle half▲ 4.7%-€29.8mbelow the sector's middle half
Total assets€3.7m-€3.7mwithin the sector's middle half▼ 0.2%€3.6mwithin the sector's middle half-€16.1mabove the sector's middle half▲ 350%€38.1mabove the sector's middle half▲ 137%€48.6mabove the sector's middle half▲ 27.5%€62.4mabove the sector's middle half▲ 28.3%€80.1mabove the sector's middle half▲ 28.5%
Debt€0.3m-€0.3m▼ 0.6%€0.3m-€14.0m▲ 4,056%€41.5m▲ 196%€42.8m▲ 3.0%€56.3m▲ 31.6%€109.9m▲ 95.4%
Working capital-€0.1m--€0.1mwithin the sector's middle half▼ 3.5%-€0.3mbelow the sector's middle half--€13.9mbelow the sector's middle half▼ 4,470%-€41.2mbelow the sector's middle half▼ 196%-€42.6mbelow the sector's middle half▼ 3.5%-€55.5mbelow the sector's middle half▼ 30.2%-€108.9mbelow the sector's middle half▼ 96.2%
Solvency91.4%-91.4%above the sector's middle half=90.6%above the sector's middle half-12.8%within the sector's middle half▼ 77.7pp-9.0%below the sector's middle half▼ 21.8pp12.0%within the sector's middle half▲ 21.0pp9.8%within the sector's middle half▼ 2.2pp-37.2%below the sector's middle half▼ 47.0pp
Current ratio0.58-0.56within the sector's middle half▼ 0.020.10below the sector's middle half-0.01below the sector's middle half▼ 0.090.00below the sector's middle half=0.00below the sector's middle half=0.00below the sector's middle half=0.00below the sector's middle half=
Return on assets (ROA)-0.1%--0.1%within the sector's middle half▼ 0.1pp-4.6%below the sector's middle half--7.3%below the sector's middle half▼ 2.7pp-14.4%below the sector's middle half▼ 7.1pp-11.8%below the sector's middle half▲ 2.5pp0.4%within the sector's middle half▲ 12.3pp-44.8%below the sector's middle half▼ 45.3pp
Staff (FTE)2within the sector's middle half2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=
above
within
below
the middle half of NACE 68, Real estate 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.
Why a figure moved sharply
- 2021 Net result -611% on 2020. The previous financial year ran 9 months, this one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80.1m
Fixed assets
€80.0m ▲ 28.6%
Current assets
€161,938 ▼ 11.5%
Equity and liabilities
Equity-€29.8m
Debt€109.9m
Equity is negative: debt (€109.9m) exceeds the balance-sheet total (€80.1m).
Key figures and ratios
EBITDA
€805,391▲
2024 · -€443,271
Cash flow
-€35.9m▼
2024 · €274,813
Interest coverage
0.28▲
2024 · -0.19
Debt ≤ 1 year
€109.0m▲
2024 · €55.7m
Income taxes
€562▼
2024 · €652
Staff costs
€455,824▲
2024 · €423,401
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.4m | €0.8m | €0.9m | €1.3m | €1.5m | ▲ 18.4% |
| Turnover70 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 13.5% |
| Other operating income74 | - | - | - | €0.009m | €0.1m | €0.05m | €0.09m | €0.1m | ▲ 34.6% |
| Non-recurring operating income76A | - | - | - | - | €0.3m | €0.4m | €0.7m | €0.9m | ▲ 19.4% |
| Operating charges60/66A | - | - | - | €1.5m | €1.6m | €1.7m | €1.7m | €0.7m | ▼ 59.6% |
| Services and other goods61 | - | - | - | €1.1m | €1.2m | €1.3m | €1.3m | €0.2m | ▼ 81.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €103 | €123 | ▲ 19.6% |
| Other operating charges640/8 | - | - | - | €101 | €350 | €109 | €143 | €368 | ▲ 157% |
| Operating profit (loss)9901 | -€0.003m | -€0.004m | -€0.2m | -€1.1m | -€0.8m | -€0.8m | -€0.4m | €0.8m | - |
| Financial income75/76B | - | - | - | €0.002m | €364 | €0.001m | €3.0m | €1.0m | ▼ 65.3% |
| Recurring financial income75 | €0.001m | - | - | €0.002m | €364 | €0.001m | €14 | €0.07m | ▲ 483,677% |
| Income from current assets751 | - | - | - | €6 | - | - | - | €0.07m | - |
| Other financial income752/9 | - | - | - | €0.002m | €364 | €0.001m | €14 | €1 | ▼ 93.6% |
| Non-recurring financial income76B | - | - | - | - | - | - | €3.0m | €1.0m | ▼ 67.6% |
| Financial charges65/66B | - | - | - | €0.09m | €4.7m | €5.0m | €2.3m | €37.8m | ▲ 1,556% |
| Recurring financial charges65 | €97 | €419 | €0.003m | €0.09m | €0.6m | €1.7m | €2.3m | €2.9m | ▲ 28.4% |
| Debt charges650 | - | - | €0.003m | €0.07m | €0.5m | €1.7m | €2.3m | €2.9m | ▲ 28.5% |
| Other financial charges652/9 | - | - | - | €0.02m | €0.1m | €0.007m | €0.003m | €0.002m | ▼ 40.8% |
| Non-recurring financial charges66B | - | - | - | - | €4.1m | €3.3m | - | €34.9m | - |
| Profit (loss) for the period before taxes9903 | -€0.002m | -€0.005m | -€0.2m | -€1.2m | -€5.5m | -€5.7m | €0.3m | -€35.9m | - |
| Income taxes67/77 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 13.8% |
| Taxes670/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 13.8% |
| Profit (loss) for the period9904 | -€0.002m | -€0.005m | -€0.2m | -€1.2m | -€5.5m | -€5.7m | €0.3m | -€35.9m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.002m | -€0.005m | -€0.2m | -€1.2m | -€5.5m | -€5.7m | €0.3m | -€35.9m | - |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.7m | €3.7m | €3.6m | €16.1m | €38.1m | €48.6m | €62.4m | €80.1m | ▲ 28.5% |
| Fixed assets21/28 | €3.5m | €3.5m | €3.5m | €16.0m | €38.0m | €48.4m | €62.2m | €80.0m | ▲ 28.6% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €0.001m | €0.001m | ▼ 10.9% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.001m | €0.001m | ▼ 10.9% |
| Financial fixed assets28 | €3.5m | €3.5m | €3.5m | €16.0m | €38.0m | €48.4m | €62.2m | €80.0m | ▲ 28.6% |
| Affiliated companies280/1 | - | - | - | €3.5m | €14.3m | €11.3m | €15.1m | €55.9m | ▲ 270% |
| Participating interests280 | - | - | - | €3.5m | €14.3m | €11.3m | €15.1m | €55.9m | ▲ 270% |
| Companies linked by participating interests282/3 | - | - | - | €12.4m | €23.6m | €34.1m | €44.1m | €22.6m | ▼ 48.8% |
| Participating interests282 | - | - | - | €12.4m | €22.6m | €33.1m | €40.9m | €18.5m | ▼ 54.7% |
| Amounts receivable283 | - | - | - | - | €1.0m | €1.0m | €3.2m | €4.1m | ▲ 26.8% |
| Other financial fixed assets284/8 | - | - | - | - | - | €3.0m | €3.0m | €1.5m | ▼ 50.0% |
| Shares284 | - | - | - | - | - | €3.0m | €3.0m | €1.5m | ▼ 50.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | €0.002m | - | - | - |
| Current assets29/58 | €0.2m | €0.2m | €0.03m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 11.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.009m | €0.07m | €0.05m | €0.07m | €0.07m | €0.1m | ▲ 75.0% |
| Trade receivables40 | - | - | - | €0.07m | €0.04m | €0.06m | €0.05m | €0.04m | ▼ 12.0% |
| Other amounts receivable41 | - | - | - | €0.005m | €0.007m | €0.01m | €0.02m | €0.07m | ▲ 319% |
| Cash at bank and in hand54/58 | €103 | €144 | €0.02m | €0.01m | €0.07m | €0.05m | €0.1m | €0.04m | ▼ 63.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.03m | - | €0.002m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.7m | €3.7m | €3.6m | €16.1m | €38.1m | €48.6m | €62.4m | €80.1m | ▲ 28.5% |
| Equity10/15 | €3.4m | €3.4m | €3.2m | €2.1m | -€3.4m | €5.8m | €6.1m | -€29.8m | - |
| Contributions10/11 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | €11.6m | €11.6m | €11.6m | = |
| Capital10 | - | - | - | €3.5m | €3.5m | €11.6m | €11.6m | €11.6m | = |
| Issued capital100 | - | - | - | €3.5m | €3.5m | €11.6m | €11.6m | €11.6m | = |
| Profit (loss) carried forward14 | -€0.09m | -€0.1m | -€0.3m | -€1.4m | -€6.9m | -€5.7m | -€5.5m | -€41.4m | ▼ 656% |
| Amounts payable17/49 | €0.3m | €0.3m | €0.3m | €14.0m | €41.5m | €42.8m | €56.3m | €109.9m | ▲ 95.4% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €14.0m | €41.3m | €42.8m | €55.7m | €109.0m | ▲ 95.8% |
| Trade debts44 | €0.002m | - | €0.03m | €0.2m | €0.4m | €0.2m | €0.2m | €0.03m | ▼ 79.1% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.2m | €0.2m | €0.03m | ▼ 79.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 2.3% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 13.3% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.1% |
| Other amounts payable47/48 | - | - | - | €13.7m | €40.8m | €42.5m | €55.4m | €108.8m | ▲ 96.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.2m | - | €0.6m | €0.9m | ▲ 57.4% |
| Line | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.002m | -€0.005m | -€0.2m | -€1.2m | -€5.5m | -€5.7m | €0.3m | -€35.9m | - |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €103 | €123 | ▲ 19.6% |
| Operating cash flow (approximation) | -€0.002m | -€0.005m | -€0.2m | -€1.2m | -€5.5m | -€5.7m | €0.3m | -€35.9m | - |
| Investment in fixed assets (approximation) | - | €0 | - | -€12.4m | -€22.0m | -€10.5m | -€13.7m | -€17.8m | ▼ 29.3% |
| Change in cash | - | €41 | - | -€0.01m | €0.05m | -€0.01m | €0.06m | -€0.07m | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 27-05-2026 | 2026-00130224 |
| 31-12-2024 | full format | 11-06-2025 | 2025-00146030 |
| 31-12-2023 | full format | 06-06-2024 | 2024-00119179 |
| 31-12-2022 | full format | 05-06-2023 | 2023-00112642 |
| 31-12-2021 | full format | 14-06-2022 | 2022-20065576 |
| 31-12-2020 | full format | 14-07-2021 | 2021-35600036 |
| 31-03-2020 | full format | 02-10-2020 | 2020-58600327 |
| 31-03-2019 | full format | 01-10-2019 | 2019-68100295 |
| 31-03-2018 | full format | 13-09-2018 | 2018-63200373 |
| 31-03-2017 | full format | 24-08-2017 | 2017-47500290 |
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Of the 7,227 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,423. 424 are within a factor 10 of this headcount. 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.