ACTIVE

ORBID

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Financial year 2025 · closed on 31/03/2025

Net result

-20,9 k €

-104.2% YoY

Revenue

31,5 M €

+3.6% YoY

Equity

8,2 M €

-0.3% YoY

Workforce

138,3 ETP

+3.4% YoY

What does ORBID do?

ORBID is a Public limited company incorporated in 1998. Its main activity is: Computer programming activities. Its registered office is in Merelbeke. It employs on average 138,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.174.208

Incorporation

24/04/1998

Legal form

Public limited company

Registered office

Guldensporenpark 29 box C
9820 Merelbeke · FlandreSee on map

Contributed capital

400 000,00 €

Latest accounts

31/03/2025

Average workforce

138,3 ETP

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 72220Research and experimental development on social sciences and humanities+3

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	31,5 M €	+3.6%	30,4 M €	+8.0%	28,1 M €	+14.9%	24,5 M €	-19.2%	30,3 M €	+30.0%	23,3 M €	+7.8%	21,6 M €	+25.8%	17,2 M €	+12.8%	15,2 M €	+14.5%	13,3 M €	+8.2%	12,3 M €	+11.9%	11 M €	-4.8%	11,6 M €	-4.1%	12,1 M €	+17.7%	10,2 M €	+7.2%	9,5 M €	+3.8%	9,2 M €	+8.1%	8,5 M €	+3.7%	8,2 M €
EBITDA	201,8 k €	-72.4%	731,8 k €	-72.5%	2,7 M €	+31.2%	2 M €	-24.2%	2,7 M €	+40.8%	1,9 M €	-2.8%	2 M €	+5.7%	1,9 M €	+26.7%	1,5 M €	+19.1%	1,2 M €	+23.9%	990,5 k €	+50.6%	657,7 k €	+3.2%	637,5 k €	-24.0%	839,2 k €	+24.1%	676,3 k €	-31.8%	991 k €	+70.7%	580,7 k €	-22.2%	746,3 k €	+211%	239,8 k €
Operating result	-86,6 k €	-113%	649,6 k €	-73.5%	2,4 M €	+36.2%	1,8 M €	-24.3%	2,4 M €	+37.4%	1,7 M €	-6.8%	1,9 M €	+5.3%	1,8 M €	+28.5%	1,4 M €	+19.8%	1,1 M €	+32.3%	865,3 k €	+56.2%	554,2 k €	-2.1%	566,1 k €	-18.4%	693,7 k €	+35.7%	511,2 k €	-42.0%	880,8 k €	+89.3%	465,2 k €	-27.8%	644,2 k €	+508%	105,9 k €
Net result	-20,9 k €	-104%	493,5 k €	-71.4%	1,7 M €	+50.2%	1,1 M €	-28.8%	1,6 M €	+46.8%	1,1 M €	-9.7%	1,2 M €	+5.5%	1,2 M €	+37.6%	837,8 k €	+20.1%	697,8 k €	+40.8%	495,5 k €	+38.2%	358,5 k €	+9.8%	326,6 k €	-11.8%	370,4 k €	+28.2%	288,8 k €	-46.6%	540,9 k €	+71.9%	314,7 k €	-22.5%	406,2 k €	+331%	94,2 k €
Balance sheet
Equity	8,2 M €	-0.3%	8,2 M €	+6.4%	7,8 M €	+28.6%	6 M €	+23.5%	4,9 M €	+40.9%	3,5 M €	+20.8%	2,9 M €	+33.2%	2,2 M €	+26.6%	1,7 M €	+34.6%	1,3 M €	+30.7%	967,2 k €	+20.1%	805 k €	-4.2%	840,2 k €	-8.0%	913,6 k €	+68.2%	543,2 k €	-66.8%	1,6 M €	+49.5%	1,1 M €	-24.2%	1,4 M €	+39.4%	1 M €
Total assets	14,8 M €	-5.6%	15,7 M €	+9.2%	14,4 M €	+29.7%	11,1 M €	+18.1%	9,4 M €	+11.2%	8,5 M €	+11.8%	7,6 M €	+30.9%	5,8 M €	+11.6%	5,2 M €	+5.0%	4,9 M €	+20.8%	4,1 M €	+24.2%	3,3 M €	-8.1%	3,6 M €	+2.9%	3,5 M €	-16.2%	4,2 M €	+4.3%	4 M €	+11.9%	3,6 M €	+4.6%	3,4 M €	+12.0%	3 M €
Cash	6,3 M €	+2.3%	6,2 M €	-6.6%	6,6 M €	+54.6%	4,3 M €	+40.7%	3 M €	+20.9%	2,5 M €	-16.8%	3 M €	+47.7%	2,1 M €	+43.0%	1,4 M €	+20.4%	1,2 M €	+22.4%	972,7 k €	+153%	384,8 k €	-53.0%	818,2 k €	-6.8%	878,3 k €	-55.7%	2 M €	+26.5%	1,6 M €	+377%	328,1 k €	+26.5%	259,3 k €	+33.5%	194,3 k €
Debts	5,4 M €	-10.8%	6,1 M €	+15.7%	5,3 M €	+39.2%	3,8 M €	+11.1%	3,4 M €	-21.4%	4,3 M €	+3.9%	4,2 M €	+33.5%	3,1 M €	+1.2%	3,1 M €	-5.2%	3,3 M €	+11.2%	2,9 M €	+28.6%	2,3 M €	-11.9%	2,6 M €	+6.9%	2,4 M €	-29.5%	3,4 M €	+56.9%	2,2 M €	-2.6%	2,2 M €	+25.2%	1,8 M €	-2.2%	1,8 M €
Other
Workforce	138,3 ETP	+3.4%	133,8 ETP	+4.0%	128,7 ETP	+2.8%	125,2 ETP	+10.3%	113,5 ETP	-0.7%	114,3 ETP	+15.0%	99,4 ETP	+18.5%	83,9 ETP	+2.9%	81,5 ETP	+6.4%	76,6 ETP	+3.4%	74,1 ETP	+6.6%	69,5 ETP	-8.2%	75,7 ETP	-0.8%	76,3 ETP	+13.9%	67,0 ETP	-1.8%	68,2 ETP	-0.1%	68,3 ETP	+20.0%	56,9 ETP	-3.9%	59,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 7 active · 64 ended

Active mandates

Stephen Palmer

Director · since 04 novembre 2024 · until 04 novembre 2030

Active

Maarten Van der Biest

Director · since 01 octobre 2024 · until 01 octobre 2030

Active

Martijn Blykers

Director · since 01 octobre 2024 · until 05 juillet 2025

Active

Ingrid Gonnissen

Managing director · since 01 février 2023 · until 31 octobre 2024

Active

Alberto Mariani

Director · since 27 avril 2020 · until 01 septembre 2026

Active

Diederik Fouquaet

Director · since 27 avril 2020 · until 30 septembre 2024

Active

VERHEMA

Director · since 27 avril 2020 · until 02 octobre 2024 · 0511.969.661

Represented by Jan Verfaellie

Active

Ended mandates

Ingrid Gonnissen

Managing director · since 01 février 2023 · until 01 septembre 2028

Ended

Stephen Palmer

Director · since 01 août 2022 · until 01 février 2023

Ended

Nancy Laermans

Director · since 16 novembre 2020 · until 15 avril 2024

Ended

Nancy Laermans

Director · since 16 novembre 2020 · until 14 mai 2026

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	15 months	12 months
Filing date	25/09/2025	06/09/2024	18/09/2023	08/09/2022	22/10/2021	10/07/2020
General meeting	02/09/2025	03/09/2024	31/07/2023	30/06/2022	07/09/2021	15/06/2020
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
Full model	31/03/2025	02/09/2025	25/09/2025	Dutch	PDF
Full model	31/03/2024	03/09/2024	06/09/2024	Dutch	PDF
Full model	31/03/2023	31/07/2023	18/09/2023	Dutch	PDF
Full model	31/03/2022	30/06/2022	08/09/2022	Dutch	PDF
Full model	31/03/2021	07/09/2021	22/10/2021	Dutch	PDF
Full model	31/12/2019	15/06/2020	10/07/2020	Dutch	PDF
Full model	31/12/2018	05/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	17/05/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	18/05/2017	16/06/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	21/05/2015	03/08/2015	Dutch	PDF
Full model	31/12/2013	15/05/2014	01/07/2014	Dutch	PDF
Full modelCorrection	31/12/2012	16/05/2013	18/11/2013	Dutch	PDF
Full model	31/12/2012	16/05/2013	03/07/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	20/06/2012	Dutch	PDF
Full model	31/12/2010	19/05/2011	16/06/2011	Dutch	PDF
Full model	31/12/2009	20/05/2010	10/06/2010	Dutch	PDF
Full model	31/12/2008	25/05/2009	23/06/2009	Dutch	PDF
Full model	31/12/2007	15/05/2008	27/05/2008	Dutch	PDF
Full model	31/12/2006	14/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/03/2025 · 7 active · 64 ended

Active mandates

Stephen Palmer

Director · since 04 novembre 2024 · until 04 novembre 2030

Active

Maarten Van der Biest

Director · since 01 octobre 2024 · until 01 octobre 2030

Active

Martijn Blykers

Director · since 01 octobre 2024 · until 05 juillet 2025

Active

Ingrid Gonnissen

Managing director · since 01 février 2023 · until 31 octobre 2024

Active

Alberto Mariani

Director · since 27 avril 2020 · until 01 septembre 2026

Active

Diederik Fouquaet

Director · since 27 avril 2020 · until 30 septembre 2024

Active

VERHEMA

Director · since 27 avril 2020 · until 02 octobre 2024 · 0511.969.661

Represented by Jan Verfaellie

Active

Ended mandates

Ingrid Gonnissen

Managing director · since 01 février 2023 · until 01 septembre 2028

Ended

Stephen Palmer

Director · since 01 août 2022 · until 01 février 2023

Ended

Nancy Laermans

Director · since 16 novembre 2020 · until 15 avril 2024

Ended

Nancy Laermans

Director · since 16 novembre 2020 · until 14 mai 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/04/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/02/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates05/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2024
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 2025-20,9 k €↓
2024
Annual accounts 2024493,5 k €↓
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 20221,1 M €↓
2021
Annual accounts 20211,6 M €↑
2019
Annual accounts 20191,1 M €↓
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 20171,2 M €↑
2016
Annual accounts 2016837,8 k €↑
2015
Annual accounts 2015697,8 k €↑
2014
Annual accounts 2014495,5 k €↑
2013
Annual accounts 2013358,5 k €↑
2012
Annual accounts 2012326,6 k €↓
2011
Annual accounts 2011370,4 k €↑
2010
Annual accounts 2010288,8 k €↓
2009
Annual accounts 2009540,9 k €↑
2008
Annual accounts 2008314,7 k €↓
2007
Annual accounts 2007406,2 k €↑
2006
Annual accounts 200694,2 k €
24/04/1998
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

ORBID

Overview

What does ORBID 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline