ACTIVE

UNDERDOGDESIGN

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Financial year 2025 · closed on 30/09/2025

Net result

472,1 €

-87.2% YoY

Gross margin

20,6 k €

+25.5% YoY

Equity

147,9 k €

+0.3% YoY

What does UNDERDOGDESIGN do?

UNDERDOGDESIGN is a Private limited company incorporated in 1986. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Meise.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.440.882

Incorporation

17/01/1986

Legal form

Private limited company

Registered office

Velaertbosweg 4
1860 Meise · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

30/09/2025

Activities (NACE)

63100Data processing, hosting and related activities; web portals· main 63110Data processing, hosting and related activities 72300Scientific research and development 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	20,6 k €	+25.5%	16,4 k €	-71.1%	56,7 k €	+730%	6,8 k €	-88.2%	57,9 k €	+41.1%	41 k €	+53.7%	26,7 k €	+121%	12 k €	-80.6%	62,1 k €	+6.8%	58,1 k €	-27.1%	79,7 k €	+54.2%	51,7 k €	+91.3%	27 k €	+441%	-7,9 k €	-122%	-3,6 k €	-120%	18,3 k €	+207%	-17 k €	-196%	17,7 k €	+403%	3,5 k €
EBITDA	18,8 k €	+18.5%	15,9 k €	-71.8%	56,3 k €	+750%	6,6 k €	-88.4%	57,3 k €	+41.3%	40,5 k €	+72.9%	23,4 k €	+146%	9,5 k €	-84.3%	60,7 k €	+9.7%	55,3 k €	-29.6%	78,6 k €	+57.1%	50 k €	+87.6%	26,7 k €	+383%	-9,4 k €	-118%	-4,3 k €	-124%	17,6 k €	+199%	-17,9 k €	-205%	17,1 k €	+444%	3,1 k €
Operating result	3,5 k €	-57.0%	8,2 k €	-84.2%	52,3 k €	+1035%	4,6 k €	-91.6%	55 k €	+45.7%	37,7 k €	+134%	16,1 k €	+708%	-2,7 k €	-106%	47,7 k €	+7.6%	44,4 k €	-40.4%	74,5 k €	+61.6%	46,1 k €	+103%	22,7 k €	+342%	-9,4 k €	-97.7%	-4,8 k €	-127%	17,3 k €	+195%	-18,2 k €	-216%	15,6 k €	+628%	2,1 k €
Net result	472,1 €	-87.2%	3,7 k €	-89.6%	35,3 k €	+2391%	1,4 k €	-96.2%	37,5 k €	+47.9%	25,3 k €	+296%	6,4 k €	+210%	-5,8 k €	-122%	26,2 k €	-3.0%	27 k €	-43.3%	47,7 k €	+56.1%	30,6 k €	+62.0%	18,9 k €	+291%	-9,9 k €	-60.4%	-6,2 k €	-142%	14,6 k €	+177%	-19 k €	-315%	8,8 k €	+636%	-1,6 k €
Balance sheet
Equity	147,9 k €	+0.3%	147,4 k €	+2.6%	143,8 k €	+32.6%	108,4 k €	-18.5%	133 k €	+12.2%	118,5 k €	+3.8%	114,2 k €	+5.9%	107,8 k €	-5.1%	113,6 k €	+30.0%	87,4 k €	+39.5%	62,6 k €	+39.4%	44,9 k €	+213%	14,4 k €	+419%	-4,5 k €	-184%	5,4 k €	-53.4%	11,6 k €	+480%	-3 k €	-119%	15,9 k €	+124%	7,1 k €
Total assets	177,8 k €	+1.9%	174,5 k €	+0.5%	173,5 k €	-14.2%	202,3 k €	-35.4%	313 k €	+71.2%	182,8 k €	-2.1%	186,7 k €	+13.1%	165,2 k €	-21.7%	211,1 k €	+33.5%	158,2 k €	+24.7%	126,8 k €	+81.1%	70 k €	+131%	30,3 k €	+1101%	2,5 k €	-84.9%	16,7 k €	-24.6%	22,1 k €	+463%	3,9 k €	-90.2%	40,3 k €	+54.8%	26 k €
Cash	9,9 k €	+449%	1,8 k €	-84.3%	11,5 k €	-66.8%	34,5 k €	-53.5%	74,3 k €	+27.4%	58,3 k €	-24.7%	77,5 k €	+911%	7,7 k €	-87.4%	60,6 k €	+80.1%	33,6 k €	-45.1%	61,3 k €	+94.6%	31,5 k €	+504%	5,2 k €	+192%	1,8 k €	-88.0%	14,9 k €	+111%	7,1 k €	+262%	2 k €	-87.3%	15,4 k €	+1031%	1,4 k €
Debts	29,9 k €	+10.6%	27 k €	-9.3%	29,8 k €	-68.3%	93,9 k €	-47.8%	180 k €	+180%	64,3 k €	-11.4%	72,6 k €	+26.4%	57,4 k €	-21.9%	73,5 k €	+3.8%	70,8 k €	+10.3%	64,2 k €	+156%	25,1 k €	+57.6%	15,9 k €	+127%	7 k €	-37.8%	11,3 k €	+6.8%	10,6 k €	+52.7%	6,9 k €	-71.6%	24,4 k €	+28.9%	18,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

CHRISTOPHE STEMBERGER

Director

Active

Ended mandates

Christophe STEMBERGER

Manager

Ended

EDUARDUS SCHUTIJSER

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/05/2026	20/02/2026	21/11/2024	04/05/2023	04/05/2022	30/04/2021
General meeting	15/03/2026	15/01/2026	15/03/2024	15/03/2023	15/03/2022	15/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	15/03/2026	11/05/2026	Dutch	PDF
Micro model	30/09/2024	15/01/2026	20/02/2026	Dutch	PDF
Micro model	30/09/2023	15/03/2024	21/11/2024	Dutch	PDF
Micro model	30/09/2022	15/03/2023	04/05/2023	Dutch	PDF
Micro model	30/09/2021	15/03/2022	04/05/2022	Dutch	PDF
Micro model	30/09/2020	15/03/2021	30/04/2021	Dutch	PDF
Micro model	30/09/2019	16/03/2020	30/04/2020	Dutch	PDF
Micro model	30/09/2018	15/03/2019	25/04/2019	Dutch	PDF
Micro model	30/09/2017	15/03/2018	24/07/2018	Dutch	PDF
Abridged model	30/09/2016	02/10/2017	05/10/2017	Dutch	PDF
Abridged model	30/09/2014	16/03/2015	27/05/2015	Dutch	PDF
Abridged model	30/09/2013	15/03/2014	25/02/2015	Dutch	PDF
Abridged model	30/09/2012	15/03/2013	30/05/2013	Dutch	PDF
Abridged model	30/09/2011	15/03/2012	31/05/2012	Dutch	PDF
Abridged model	30/09/2010	31/01/2011	01/02/2011	Dutch	PDF
Abridged model	30/09/2009	15/03/2010	16/03/2010	Dutch	PDF
Abridged model	30/09/2008	16/03/2009	02/04/2009	Dutch	PDF
Abridged model	30/09/2007	15/03/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	15/03/2007	10/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

CHRISTOPHE STEMBERGER

Director

Active

Ended mandates

Christophe STEMBERGER

Manager

Ended

EDUARDUS SCHUTIJSER

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025472,1 €↓
2024
Annual accounts 20243,7 k €↓
2023
Annual accounts 202335,3 k €↑
2022
Annual accounts 20221,4 k €↓
2021
Annual accounts 202137,5 k €↑
2020
Annual accounts 202025,3 k €↑
2019
Annual accounts 20196,4 k €↑
2018
Annual accounts 2018-5,8 k €↓
2017
Annual accounts 201726,2 k €↓
2016
Annual accounts 201627 k €↓
2014
Annual accounts 201447,7 k €↑
2013
Annual accounts 201330,6 k €↑
2012
Annual accounts 201218,9 k €↑
2011
Annual accounts 2011-9,9 k €↓
2010
Annual accounts 2010-6,2 k €↓
2009
Annual accounts 200914,6 k €↑
2008
Annual accounts 2008-19 k €↓
2007
Annual accounts 20078,8 k €↑
2006
Annual accounts 2006-1,6 k €
17/01/1986
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

UNDERDOGDESIGN

Overview

What does UNDERDOGDESIGN do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline