WORKING SOFT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 1 day after the deadline Filed on 1 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00025327.
Annual accounts 2025 filed on 01-02-2026 PDF all 24 filings
Turnover
≈ €63,000
Estimated: probably between €29,000 and €150,000
EBIT margin
Not included in this filing
Net result
€3,784▲ 428%
2024 · €717
Working capital
€22,600▲ 24.9%
2023 · €18,099
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€3,784
▲ 300%
2025
20192025
Net result
€3,784
▲ 428%
2025
middle half of the sector
20192025
Equity
€22,600
▲ 20.1%
2025
middle half of the sector
20192025
Total assets
€23,355
▲ 24.1%
2025
lowest quarter of the sector
20192025
Debt
€755
2025
20192025
Working capital
€22,600
2025
middle half of the sector
20192025
Solvency
96.8%
▼ 3.2pp
2025
highest quarter of the sector
20192025
Current ratio
30.93
2025
highest quarter of the sector
20192025
Return on assets (ROA)
16.2%
▲ 12.4pp
2025
middle half of the sector
20192025
Staff (FTE)
0
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€6,631-€8,473€6,550▼ 22.7%-€17,309€3,957€946▼ 76.1%€3,784▲ 300%
Net result-€10,507-€8,473within the sector's middle half€3,658within the sector's middle half▼ 56.8%-€19,139below the sector's middle half€3,957within the sector's middle half€717within the sector's middle half▼ 81.9%€3,784within the sector's middle half▲ 428%
Equity€21,150-€29,623within the sector's middle half▲ 40.1%€33,281within the sector's middle half▲ 12.3%€14,142below the sector's middle half▼ 57.5%€18,099below the sector's middle half▲ 28.0%€18,816below the sector's middle half▲ 4.0%€22,600within the sector's middle half▲ 20.1%
Total assets€21,150-€32,630below the sector's middle half▲ 54.3%€40,268below the sector's middle half▲ 23.4%€23,137below the sector's middle half▼ 42.5%€18,499below the sector's middle half▼ 20.0%€18,816below the sector's middle half▲ 1.7%€23,355below the sector's middle half▲ 24.1%
Debt€3,007€6,987▲ 132%€8,995▲ 28.7%€400▼ 95.6%€755
Working capital€29,623within the sector's middle half€33,281within the sector's middle half▲ 12.3%€14,142within the sector's middle half▼ 57.5%€18,099within the sector's middle half▲ 28.0%€22,600within the sector's middle half
Solvency100.0%-90.8%above the sector's middle half▼ 9.2pp82.6%above the sector's middle half▼ 8.1pp61.1%within the sector's middle half▼ 21.5pp97.8%above the sector's middle half▲ 36.7pp100.0%above the sector's middle half▲ 2.2pp96.8%above the sector's middle half▼ 3.2pp
Current ratio10.85above the sector's middle half5.76above the sector's middle half▼ 5.092.57within the sector's middle half▼ 3.1946.25above the sector's middle half▲ 43.6830.93above the sector's middle half
Return on assets (ROA)-49.7%-26.0%above the sector's middle half▲ 75.6pp9.1%within the sector's middle half▼ 16.9pp-82.7%below the sector's middle half▼ 91.8pp21.4%above the sector's middle half▲ 104.1pp3.8%within the sector's middle half▼ 17.6pp16.2%within the sector's middle half▲ 12.4pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0
above
within
below
The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). 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 4 times that of 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Equity and liabilities €23,355
Equity
€22,600
Debt
€755
Debt's share of the balance-sheet total is 3.2%.
Key figures and ratios
Debt to equity
0.03
ROE
16.7%▲
2024 · 3.8%
Debt ≤ 1 year
€755
Staff costs
€3,843▲
2024 · €2,985
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 0 | 0 | 0 |
| full-time | 0 | 0 | 0 |
| in full-time equivalents | 0 | 0 | 0 |
| Average over the year, in full-time equivalents | 0 | 0 | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €29,974 | €2,985 | €3,843 | ▲ 28.7% |
| Other operating charges640/8 | - | - | - | - | €1,841 | €1,392 | €658 | ▼ 52.7% |
| Gross operating margin9900 | €10,467 | €9,023 | €8,326 | -€17,309 | €35,772 | €5,323 | €8,285 | ▲ 55.6% |
| Operating profit (loss)9901 | -€6,631 | €8,473 | €6,550 | -€17,309 | €3,957 | €946 | €3,784 | ▲ 300% |
| Financial charges65/66B | - | - | - | - | - | €229 | - | - |
| Recurring financial charges65 | €20 | - | €387 | - | - | €229 | - | - |
| Profit (loss) for the period before taxes9903 | -€6,651 | €8,473 | €6,163 | -€17,309 | €3,957 | €717 | €3,784 | ▲ 428% |
| Income taxes67/77 | €3,856 | - | €2,505 | €1,830 | - | - | - | - |
| Profit (loss) for the period9904 | -€10,507 | €8,473 | €3,658 | -€19,139 | €3,957 | €717 | €3,784 | ▲ 428% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €1,860 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1,860 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€10,507 | €8,473 | €3,658 | -€19,139 | €3,957 | €717 | €3,784 | ▲ 428% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €21,150 | €32,630 | €40,268 | €23,137 | €18,499 | €18,816 | €23,355 | ▲ 24.1% |
| Current assets29/58 | €21,150 | €32,630 | €40,268 | €23,137 | €18,499 | €18,816 | €23,355 | ▲ 24.1% |
| Amounts receivable after more than one year29 | - | - | - | €972 | €972 | €972 | €972 | = |
| Trade receivables290 | - | - | - | €972 | €972 | €972 | €972 | = |
| Amounts receivable within one year40/41 | - | €8,175 | €4,946 | €1,830 | €2,420 | €7,608 | €1,450 | ▼ 80.9% |
| Trade receivables40 | - | - | - | €1,830 | €2,420 | €7,608 | €1,450 | ▼ 80.9% |
| Cash at bank and in hand54/58 | €3,818 | €5,478 | €1,290 | €1,038 | €1,066 | €1,312 | €22 | ▼ 98.3% |
| Deferred charges and accrued income490/1 | - | - | - | €19,297 | €14,041 | €8,924 | €20,911 | ▲ 134% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €21,150 | €32,630 | €40,268 | €23,137 | €18,499 | €18,816 | €23,355 | ▲ 24.1% |
| Equity10/15 | €21,150 | €29,623 | €33,281 | €14,142 | €18,099 | €18,816 | €22,600 | ▲ 20.1% |
| Contributions10/11 | €43,600 | €43,600 | €43,600 | €43,600 | €43,600 | €43,600 | €43,600 | = |
| Capital10 | - | - | - | €43,600 | €43,600 | €43,600 | €43,600 | = |
| Issued capital100 | - | - | - | €43,600 | €43,600 | €43,600 | €43,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€24,310 | -€15,837 | -€12,179 | -€31,318 | -€27,361 | -€26,644 | -€22,860 | ▲ 14.2% |
| Amounts payable17/49 | - | €3,007 | €6,987 | €8,995 | €400 | - | €755 | - |
| Amounts payable within one year42/48 | - | €3,007 | €6,987 | €8,995 | €400 | - | €755 | - |
| Taxes, remuneration and social security45 | - | - | - | €8,995 | €400 | - | €755 | - |
| Taxes450/3 | - | - | - | €5,421 | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €3,574 | €400 | - | €755 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,507 | €8,473 | €3,658 | -€19,139 | €3,957 | €717 | €3,784 | ▲ 428% |
| Operating cash flow (approximation) | -€10,507 | €8,473 | €3,658 | -€19,139 | €3,957 | €717 | €3,784 | ▲ 428% |
| Change in cash | - | €1,660 | -€4,188 | -€252 | €28 | €246 | -€1,290 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as WORKING SOFT has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of WORKING SOFT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 31,368 companies, not a prediction for WORKING SOFT. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 01-02-2026 | 2026-00025327 | |
| 30-06-2024 | full format | 19-01-2025 | 2025-00006541 | |
| 30-06-2023 | full format | 19-03-2024 | 2024-00045356 | |
| 30-06-2022 | micro format | 26-02-2023 | 2023-00031434 | |
| 30-06-2021 | micro format | 26-02-2022 | 2022-06700037 | |
| 30-06-2020 | micro format | 07-02-2021 | 2021-05100342 | |
| 30-06-2019 | micro format | 27-12-2019 | 2019-77500177 | |
| 30-06-2018 | micro format | 25-11-2018 | 2018-72900157 | |
| 30-06-2017 | micro format | 03-02-2018 | 2018-04500082 | |
| 30-06-2016 | full format | 12-03-2017 | 2017-06300386 |