ACTIVE

e2e

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Financial year 2025 · closed on 30/09/2025

Net result

123,4 k €

+2.5% YoY

Gross margin

783,2 k €

-2.9% YoY

Equity

428,2 k €

+40.5% YoY

Workforce

8,3 ETP

-9.8% YoY

What does e2e do?

e2e is a Public limited company incorporated in 1992. Its main activity is: Computer programming activities. Its registered office is in Gent. It employs on average 8,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.717.950

Incorporation

03/07/1992

Legal form

Public limited company

Registered office

Bruiloftstraat 127
9050 Gent · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

8,3 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Joint committees (3)

200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	783,2 k €	-2.9%	806,2 k €	-6.9%	865,9 k €	+13.4%	763,7 k €	+5.7%	722,4 k €	-1.3%	731,6 k €	+27.2%	575,1 k €	-20.5%	723,8 k €	+15.3%	627,6 k €	+12.7%	556,7 k €	+21.0%	459,9 k €	+3.0%	446,6 k €	-18.9%	550,9 k €	+18.3%	465,7 k €	+18.3%	393,8 k €	+20.1%	328 k €	+17.8%	278,3 k €	+15.1%	241,9 k €	-2.9%	249 k €
EBITDA	192,9 k €	-5.2%	203,6 k €	-26.4%	276,7 k €	+0.2%	276,2 k €	+13.2%	243,9 k €	+2.3%	238,3 k €	+183%	84,2 k €	-53.5%	181,2 k €	+14.1%	158,7 k €	+147%	64,2 k €	+52.7%	42 k €	-48.7%	81,9 k €	-49.4%	161,8 k €	+509%	26,6 k €	-33.0%	39,7 k €	+173%	14,5 k €	+2705%	-558 €	-102%	31,1 k €	+551%	-6,9 k €
Operating result	177,2 k €	-2.1%	180,9 k €	-29.9%	258,1 k €	+0.5%	256,9 k €	+16.9%	219,8 k €	-0.4%	220,5 k €	+174%	80,3 k €	-54.1%	175,2 k €	+19.4%	146,7 k €	+168%	54,9 k €	+73.1%	31,7 k €	-55.5%	71,3 k €	-53.3%	152,5 k €	+829%	16,4 k €	-20.4%	20,6 k €	+201%	6,8 k €	+196%	-7,1 k €	-176%	9,4 k €	+146%	-20,7 k €
Net result	123,4 k €	+2.5%	120,4 k €	-46.5%	225,1 k €	-5.8%	239,1 k €	+48.1%	161,4 k €	-28.6%	226 k €	+219%	70,7 k €	-53.8%	153 k €	+45.3%	105,3 k €	+180%	37,6 k €	+420%	7,2 k €	-82.8%	42,1 k €	-78.7%	197,7 k €	+3181%	6 k €	+178%	2,2 k €	+150%	-4,4 k €	+63.9%	-12,1 k €	-694%	2 k €	+108%	-26,8 k €
Balance sheet
Equity	428,2 k €	+40.5%	304,8 k €	+65.3%	184,3 k €	+54.7%	119,2 k €	+8.3%	110,1 k €	+24.2%	88,6 k €	+41.5%	62,6 k €	+1.2%	61,9 k €	+5.0%	58,9 k €	+9.9%	53,6 k €	+16.4%	46,1 k €	+18.6%	38,8 k €	+22.4%	31,7 k €	+252%	9 k €	+202%	3 k €	+267%	813 €	+104%	-19,8 k €	-156%	-7,7 k €	+20.8%	-9,8 k €
Total assets	848,5 k €	+49.5%	567,7 k €	-5.9%	603,4 k €	+13.8%	530,4 k €	+5.1%	504,7 k €	-11.5%	570,3 k €	+72.4%	330,8 k €	-25.8%	445,9 k €	+26.7%	351,8 k €	+48.5%	237 k €	-2.6%	243,3 k €	-44.3%	436,8 k €	+12.4%	388,5 k €	+17.5%	330,8 k €	-43.4%	584,5 k €	+29.2%	452,5 k €	-4.4%	473,3 k €	-15.8%	561,9 k €	+7.1%	524,7 k €
Cash	205,9 k €	+7.8%	191 k €	-31.1%	277,1 k €	-0.0%	277,1 k €	+36.3%	203,3 k €	-17.5%	246,3 k €	+73.0%	142,3 k €	-30.4%	204,5 k €	+47.8%	138,3 k €	+60.4%	86,2 k €	-1.2%	87,3 k €	-70.4%	295,3 k €	+28.3%	230,1 k €	+596%	33,1 k €	-29.0%	46,5 k €	+39.0%	33,5 k €	-51.7%	69,3 k €	-27.1%	95,1 k €	+118%	43,6 k €
Debts	420 k €	+59.7%	262,9 k €	-37.2%	419 k €	+1.9%	411,2 k €	+4.2%	394,6 k €	-18.1%	481,7 k €	+79.6%	268,1 k €	-28.7%	376 k €	+32.0%	284,9 k €	+62.5%	175,3 k €	-7.4%	189,2 k €	-51.5%	390 k €	+11.8%	348,8 k €	+12.6%	309,8 k €	-45.6%	569,6 k €	+36.5%	417,2 k €	+8.1%	385,8 k €	-18.0%	470,7 k €	+10.4%	426,3 k €
Other
Workforce	8,3 ETP	-9.8%	9,2 ETP	+8.2%	8,5 ETP	+6.3%	8,0 ETP	-4.8%	8,4 ETP	-6.7%	9,0 ETP	-3.2%	9,3 ETP		–		–		9,8 ETP	+14.0%	8,6 ETP	+16.2%	7,4 ETP	-10.8%	8,3 ETP	-5.7%	8,8 ETP	+8.6%	8,1 ETP	+12.5%	7,2 ETP	+12.5%	6,4 ETP	+30.6%	4,9 ETP	-18.3%	6,0 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 30/09/2025 · 2 active · 24 ended

Active mandates

i-works

Director · since 04 décembre 2020 · 0889.865.231

Represented by Inge Cools

Active

Michaël Geens

Managing director · since 05 juin 2007

Active

Ended mandates

i-works

Director · since 04 décembre 2020 · 0889.865.231

Represented by Inge COOLS

Ended

i-works

Director · since 07 mars 2020 · 0889.865.231

Ended

Michael Geens

Managing director · since 07 mars 2020

Ended

i-works

Director · since 01 mars 2020 · until 01 mars 2026 · 0889.865.231

Represented by Michaël Geens

Ended

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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	01/10/2024	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	27/03/2026	16/04/2025	12/03/2024	17/04/2023	29/04/2022	31/05/2021
General meeting	07/03/2026	20/03/2025	02/03/2024	04/03/2023	05/03/2022	06/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	07/03/2026	27/03/2026	Dutch	PDF
Abridged model	30/09/2024	20/03/2025	16/04/2025	Dutch	PDF
Abridged model	30/09/2023	02/03/2024	12/03/2024	Dutch	PDF
Abridged model	30/09/2022	04/03/2023	17/04/2023	Dutch	PDF
Abridged model	30/09/2021	05/03/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	06/03/2021	31/05/2021	Dutch	PDF
Abridged model	30/09/2019	07/03/2020	30/04/2020	Dutch	PDF
Micro model	30/09/2018	02/03/2019	30/04/2019	Dutch	PDF
Micro model	30/09/2017	03/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	04/03/2017	27/04/2017	Dutch	PDF
Abridged model	30/09/2015	05/03/2016	29/04/2016	Dutch	PDF
Abridged model	30/09/2014	07/03/2015	30/04/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	02/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	03/03/2012	31/05/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	08/03/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	07/04/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	18/05/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	14/04/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	22/03/2007	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 30/09/2025 · 2 active · 24 ended

Active mandates

i-works

Director · since 04 décembre 2020 · 0889.865.231

Represented by Inge Cools

Active

Michaël Geens

Managing director · since 05 juin 2007

Active

Ended mandates

i-works

Director · since 04 décembre 2020 · 0889.865.231

Represented by Inge COOLS

Ended

i-works

Director · since 07 mars 2020 · 0889.865.231

Ended

Michael Geens

Managing director · since 07 mars 2020

Ended

i-works

Director · since 01 mars 2020 · until 01 mars 2026 · 0889.865.231

Represented by Michaël Geens

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2012
KAPITAAL - AANDELEN
PDF
Mandates22/03/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/07/2007
ONTSLAGEN - BENOEMINGEN
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 2025123,4 k €↑
2024
Annual accounts 2024120,4 k €↓
2023
Annual accounts 2023225,1 k €↓
2022
Annual accounts 2022239,1 k €↑
2021
Annual accounts 2021161,4 k €↓
2020
Annual accounts 2020226 k €↑
2019
Annual accounts 201970,7 k €↓
2018
Annual accounts 2018153 k €↑
2017
Annual accounts 2017105,3 k €↑
2016
Annual accounts 201637,6 k €↑
2015
Annual accounts 20157,2 k €↓
2014
Annual accounts 201442,1 k €↓
2013
Annual accounts 2013197,7 k €↑
2012
Annual accounts 20126 k €↑
2011
Annual accounts 20112,2 k €↑
2010
Annual accounts 2010-4,4 k €↑
2009
Annual accounts 2009-12,1 k €↓
2008
Annual accounts 20082 k €↑
2007
Annual accounts 2007-26,8 k €
03/07/1992
IncorporationPublic 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

e2e

Overview

What does e2e do?

Trend over 19 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