ACTIVE

PHYSIBEL

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Financial year 2025 · closed on 31/12/2025

Net result

47 k €

-62.4% YoY

Gross margin

407 k €

+0.7% YoY

Equity

84,9 k €

+2.4% YoY

Workforce

3,7 ETP

+27.6% YoY

What does PHYSIBEL do?

PHYSIBEL is a Private limited company incorporated in 1989. Its main activity is: Computer programming activities. Its registered office is in Gent. It employs on average 3,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.323.906

Incorporation

29/04/1989

Legal form

Private limited company

Registered office

Floraliënlaan 51 box 1
9000 Gent · FlandreSee on map

Contributed capital

37 500,00 €

Latest accounts

31/12/2025

Average workforce

3,7 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities 72300Scientific research and development

Joint committees (2)

1000
2000

Contacts

2 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	407 k €	+0.7%	404,2 k €	+2.9%	393 k €	+20.2%	327,1 k €	+35.3%	241,7 k €	-3.3%	250,1 k €	+10.6%	226 k €	-42.2%	390,9 k €	+4072%	9,4 k €	-50.8%	19,1 k €	+425%	3,6 k €	-72.9%	13,4 k €	+9.4%	12,2 k €	-31.3%	17,8 k €	-62.4%	47,4 k €	-90.6%	503 k €	-1.1%	508,4 k €	-4.4%	531,8 k €	+7.3%	495,5 k €	+5.2%	471,2 k €
EBITDA	62,1 k €	-61.0%	159,2 k €	-42.8%	278,2 k €	+13.7%	244,8 k €	+26.2%	194 k €	-6.6%	207,8 k €	+15.0%	180,8 k €	-53.3%	386,8 k €	+5207%	7,3 k €	-57.2%	17 k €	+1190%	1,3 k €	-88.7%	11,7 k €	+10.9%	10,5 k €	-34.5%	16,1 k €	-64.9%	45,8 k €	-25.4%	61,4 k €	-6.5%	65,6 k €	-26.7%	89,6 k €	+21.9%	73,5 k €	+8.0%	68 k €
Operating result	56,1 k €	-63.6%	153,9 k €	-42.4%	267,4 k €	+15.1%	232,4 k €	+32.3%	175,6 k €	-8.9%	192,8 k €	+14.8%	168 k €	-56.5%	386,1 k €	+5197%	7,3 k €	-57.2%	17 k €	+1190%	1,3 k €	-88.7%	11,7 k €	+185%	4,1 k €	-57.5%	9,6 k €	-72.4%	35 k €	-28.7%	49 k €	-6.0%	52,1 k €	-38.5%	84,7 k €	+32.2%	64,1 k €	+4.6%	61,3 k €
Net result	47 k €	-62.4%	124,9 k €	-37.4%	199,4 k €	+12.1%	177,8 k €	+33.5%	133,2 k €	-10.6%	148,9 k €	+24.5%	119,7 k €	-55.8%	270,4 k €	+9817%	2,7 k €	-90.4%	28,5 k €	+44.9%	19,7 k €	+14.4%	17,2 k €	+13.3%	15,2 k €	-1.9%	15,5 k €	-70.7%	52,7 k €	+13.7%	46,4 k €	-23.5%	60,6 k €	-13.8%	70,3 k €	+5.5%	66,6 k €	+25.1%	53,3 k €
Balance sheet
Equity	84,9 k €	+2.4%	82,9 k €	+9.8%	75,5 k €	-40.1%	126,1 k €	+2.3%	123,2 k €	-23.0%	160,1 k €	-0.7%	161,1 k €	-59.9%	401,5 k €	-42.3%	696,3 k €	+0.0%	696,2 k €	+3.9%	670,3 k €	+2.6%	653,3 k €	+2.3%	638,8 k €	-7.3%	689,1 k €	+3.5%	665,5 k €	+8.1%	615,5 k €	+7.6%	571,7 k €	+11.3%	513,8 k €	+15.2%	446,1 k €	+16.7%	382,2 k €
Total assets	854,5 k €	+11.3%	767,9 k €	+33.2%	576,3 k €	+11.2%	518,2 k €	-2.7%	532,4 k €	+47.7%	360,5 k €	-24.8%	479,1 k €	-31.7%	701,1 k €	-39.3%	1,2 M €	+2.4%	1,1 M €	+3.0%	1,1 M €	-5.7%	1,2 M €	+16.8%	994,7 k €	-7.0%	1,1 M €	+1.6%	1,1 M €	+6.2%	991,1 k €	+5.7%	937,3 k €	+9.3%	857,5 k €	+20.3%	712,8 k €	+20.5%	591,7 k €
Cash	692,6 k €	+13.1%	612,4 k €	+36.9%	447,2 k €	+73.4%	257,8 k €	+4.1%	247,8 k €	+8.9%	227,6 k €	-29.0%	320,3 k €	-49.1%	629,6 k €	-43.5%	1,1 M €	+2.4%	1,1 M €	+3.9%	1 M €	-6.1%	1,1 M €		–		981,9 k €	+1.5%	967 k €	+7.8%	897,2 k €	+9.5%	819,5 k €	+13.7%	720,7 k €	+14.4%	630,1 k €	+25.0%	504,2 k €
Debts	769,6 k €	+12.4%	685 k €	+36.8%	500,8 k €	+27.7%	392,1 k €	-4.2%	409,2 k €	+104%	200,2 k €	-36.9%	317,5 k €	+6.9%	296,9 k €	-35.3%	459,2 k €	+6.2%	432,4 k €	+1.7%	425 k €	-16.4%	508,6 k €	+42.9%	355,9 k €	-6.4%	380,4 k €	-1.6%	386,6 k €	+2.9%	375,7 k €	+2.8%	365,6 k €	+6.4%	343,7 k €	+28.9%	266,7 k €	+27.3%	209,5 k €
Other
Workforce	3,7 ETP	+27.6%	2,9 ETP		0,0 ETP	-100%	1,3 ETP	+85.7%	0,7 ETP	+16.7%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+1900%	0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

JA-JA

Director · since 12 octobre 2023 · 1000.815.712

Represented by Jelle LANGMANS

Active

Flariton

Director · since 11 octobre 2023 · 1000.351.496

Represented by Wout PARYS

Active

Ended mandates

Jelle Langmans

Director · since 31 juillet 2018

Ended

Jelle Langmans

Manager · since 31 juillet 2018

Ended

Wout Parys

Director · since 31 juillet 2018

Ended

Wout Parys

Manager · since 31 juillet 2018

Ended

At this address

Other companies at this address

Company	CBE no.
Azure Blue● Active	0789.806.365
BAPH Holding● Active	0696.632.917

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	11/07/2025	24/07/2024	10/08/2023	31/08/2022	30/06/2021
General meeting	01/06/2026	20/06/2025	31/05/2024	21/06/2023	31/05/2022	31/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	21/06/2023	10/08/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	07/06/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	13/06/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	05/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	06/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/12/2025 · 2 active · 10 ended

Active mandates

JA-JA

Director · since 12 octobre 2023 · 1000.815.712

Represented by Jelle LANGMANS

Active

Flariton

Director · since 11 octobre 2023 · 1000.351.496

Represented by Wout PARYS

Active

Ended mandates

Jelle Langmans

Director · since 31 juillet 2018

Ended

Jelle Langmans

Manager · since 31 juillet 2018

Ended

Wout Parys

Director · since 31 juillet 2018

Ended

Wout Parys

Manager · since 31 juillet 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/12/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office01/09/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/09/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/05/2018
KAPITAAL - AANDELEN
PDF
Capital / shares31/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares31/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202547 k €↓
2024
Annual accounts 2024124,9 k €↓
2023
Annual accounts 2023199,4 k €↑
2022
Annual accounts 2022177,8 k €↑
2021
Annual accounts 2021133,2 k €↓
2020
Annual accounts 2020148,9 k €↑
2019
Annual accounts 2019119,7 k €↓
2018
Annual accounts 2018270,4 k €↑
2017
Annual accounts 20172,7 k €↓
2016
Annual accounts 201628,5 k €↑
2015
Annual accounts 201519,7 k €↑
2014
Annual accounts 201417,2 k €↑
2013
Annual accounts 201315,2 k €↓
2012
Annual accounts 201215,5 k €↓
2011
Annual accounts 201152,7 k €↑
2010
Annual accounts 201046,4 k €↓
2009
Annual accounts 200960,6 k €↓
2008
Annual accounts 200870,3 k €↑
2007
Annual accounts 200766,6 k €↑
2006
Annual accounts 200653,3 k €
29/04/1989
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

PHYSIBEL

Overview

What does PHYSIBEL do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline