ACTIVE

IT - SPIN OFF

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Financial year 2025 · closed on 31/12/2025

Net result

180,7 k €

-21.5% YoY

Revenue

373,5 k €

-32.3% YoY

Equity

-253,3 k €

+41.4% YoY

What does IT - SPIN OFF do?

IT - SPIN OFF is a Public limited company incorporated in 1999. Its main activity is: Other software publishing. Its registered office is in Ecaussinnes.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.573.562

Incorporation

19/07/1999

Legal form

Public limited company

Registered office

Rue Jean Jaurès 5
7190 Ecaussinnes · WallonieSee on map

Contributed capital

1 000 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

58290Other software publishing· main 58290Other software publishing 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 72210Research and experimental development on social sciences and humanities

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	373,5 k €	-32.3%	551,8 k €	+40.5%	392,7 k €		–		–		–		–		246,5 k €	-38.8%	402,8 k €	-35.8%	627,8 k €	-6.1%	668,6 k €	+46.9%	455,2 k €	-23.3%	593,2 k €	+8.0%	549,5 k €	-32.7%	816,5 k €	-12.1%	929,2 k €	-1.7%	945,4 k €	+20.0%	788 k €	+0.3%	785,6 k €
EBITDA	233,3 k €	-15.2%	275,1 k €	+17.2%	234,8 k €	-72.9%	866,1 k €	+1740%	47,1 k €	-35.9%	73,4 k €	+103%	-2,1 M €	-26140%	8,1 k €	+237%	-5,9 k €	-113%	46 k €	-65.1%	132 k €	+495%	-33,4 k €	-163%	53,1 k €	+191%	-58,6 k €	-144%	132,1 k €	+25.2%	105,5 k €	-12.9%	121,2 k €	+32.6%	91,4 k €	-38.5%	148,6 k €
Operating result	178,7 k €	-21.3%	227 k €	+5.6%	215 k €	-74.6%	846,4 k €	+4812%	17,2 k €	-55.3%	38,6 k €	+102%	-2,2 M €	-13235%	-16,6 k €	+84.0%	-103,7 k €	-4232%	2,5 k €	-35.4%	3,9 k €	+106%	-61,2 k €	-674%	10,7 k €	+110%	-106,8 k €	-213%	94,9 k €	+45.1%	65,4 k €	-37.1%	104 k €	+52.6%	68,1 k €	-34.4%	103,9 k €
Net result	180,7 k €	-21.5%	230 k €	+6.4%	216,2 k €	-74.4%	845,9 k €	+10872%	-7,9 k €	-121%	37,2 k €	+102%	-2 M €	-3553%	-55,9 k €	+68.7%	-178,7 k €	-144%	-73,2 k €	-13.9%	-64,3 k €	+50.4%	-129,4 k €	-123%	-58,1 k €	+66.1%	-171,6 k €	-2069%	8,7 k €	+1582%	-588 €	-112%	5 k €	+131%	-16,2 k €	-240%	11,6 k €
Balance sheet
Equity	-253,3 k €	+41.4%	-431,9 k €	+34.4%	-658,9 k €	+24.5%	-872,9 k €	+49.2%	-1,7 M €	-0.6%	-1,7 M €	+2.0%	-1,7 M €	-679%	300,7 k €	-16.2%	358,6 k €	-33.5%	539,4 k €	-12.2%	614,7 k €	-9.7%	681 k €	-16.2%	812,5 k €	-6.9%	872,7 k €	-16.6%	1 M €	+0.6%	1 M €	+4.3%	996,6 k €	+0.5%	991,6 k €	-1.6%	1 M €
Total assets	2,7 M €	-2.0%	2,7 M €	+12.7%	2,4 M €	-2.9%	2,5 M €	+1.4%	2,5 M €	-6.4%	2,6 M €	+1.5%	2,6 M €	+314%	625,8 k €	-18.4%	767,2 k €	-73.5%	2,9 M €	-0.6%	2,9 M €	+3.2%	2,8 M €	+0.8%	2,8 M €	-5.6%	3 M €	+0.6%	2,9 M €	-2.1%	3 M €	+3.9%	2,9 M €	+5.1%	2,7 M €	+6.3%	2,6 M €
Cash	19,8 k €	-62.1%	52,1 k €	-50.1%	104,6 k €	+14.9%	91 k €	+656%	12 k €	-71.2%	41,9 k €	+397%	8,4 k €	+619%	1,2 k €	-95.9%	28,3 k €	-50.9%	57,6 k €	-52.3%	120,8 k €	+433%	22,7 k €	-77.3%	99,9 k €	+2495%	3,9 k €	-93.0%	54,7 k €	-46.4%	102 k €	+6.9%	95,4 k €	+472%	16,7 k €	-78.4%	77,2 k €
Debts	2,9 M €	-7.5%	3,2 M €	+2.6%	3,1 M €	-8.4%	3,4 M €	-19.4%	4,2 M €	-3.6%	4,3 M €	+89.4%	2,3 M €	+610%	322,2 k €	-19.5%	400,2 k €	-82.8%	2,3 M €	+2.7%	2,3 M €	+7.4%	2,1 M €	+7.7%	2 M €	-5.0%	2,1 M €	+10.9%	1,9 M €	-5.2%	2 M €	+3.7%	1,9 M €	+8.8%	1,7 M €	+12.5%	1,5 M €
Other
Workforce	–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		4,6 ETP	-16.4%	5,5 ETP	+3.8%	5,3 ETP	-1.9%	5,4 ETP	+1.9%	5,3 ETP	-22.1%	6,8 ETP	-10.5%	7,6 ETP	-5.0%	8,0 ETP	-3.6%	8,3 ETP	+18.6%	7,0 ETP	+16.7%	6,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Michel HEMBERG

Managing director

Active

Ended mandates

Carine BAILLIEUX

Director

Ended

Olivier BAILLIEUX

Director

Ended

At this address

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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	Micro model	Micro model
Start of the financial year	01/01/2025	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	18 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	30/06/2025	21/12/2023	16/12/2022	09/03/2022	11/12/2020
General meeting	26/06/2026	27/06/2025	08/11/2023	09/11/2022	10/11/2021	11/11/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	06/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	30/06/2025	French	PDF
Abridged model	30/06/2023	08/11/2023	21/12/2023	French	PDF
Abridged model	30/06/2022	09/11/2022	16/12/2022	French	PDF
Micro modelCorrection	30/06/2021	10/11/2021	09/03/2022	French	PDF
Micro model	30/06/2021	10/11/2021	04/03/2022	French	PDF
Micro model	30/06/2020	11/11/2020	11/12/2020	French	PDF
Micro model	30/06/2019	28/11/2019	24/12/2019	French	PDF
Micro model	30/06/2018	14/11/2018	07/12/2018	French	PDF
Abridged model	30/06/2017	08/11/2017	30/11/2017	French	PDF
Abridged model	30/06/2016	09/11/2016	29/11/2016	French	PDF
Abridged model	30/06/2015	11/11/2015	30/11/2015	French	PDF
Abridged model	30/06/2014	12/11/2014	19/11/2014	French	PDF
Abridged model	30/06/2013	13/11/2013	18/11/2013	French	PDF
Abridged model	30/06/2012	14/11/2012	25/11/2012	French	PDF
Abridged model	30/06/2011	09/11/2011	30/11/2011	French	PDF
Abridged model	30/06/2010	10/11/2010	08/12/2010	French	PDF
Abridged model	30/06/2009	11/11/2009	22/12/2009	French	PDF
Abridged model	30/06/2008	12/11/2008	10/02/2009	French	PDF
Abridged model	30/06/2007	07/11/2007	14/02/2008	French	PDF
Abridged model	30/06/2006	08/11/2006	31/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 2 ended

Active mandates

Michel HEMBERG

Managing director

Active

Ended mandates

Carine BAILLIEUX

Director

Ended

Olivier BAILLIEUX

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring08/05/2026
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring06/01/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates03/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates21/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - COMPTES ANNUELS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates27/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office17/06/2014
SIEGE SOCIAL
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 2025180,7 k €↓
2024
Annual accounts 2024230 k €↑
2023
Annual accounts 2023216,2 k €↓
2022
Annual accounts 2022845,9 k €↑
2021
Annual accounts 2021-7,9 k €↓
2020
Annual accounts 202037,2 k €↑
2019
Annual accounts 2019-2 M €↓
2018
Annual accounts 2018-55,9 k €↑
2017
Annual accounts 2017-178,7 k €↓
2016
Annual accounts 2016-73,2 k €↓
2015
Annual accounts 2015-64,3 k €↑
2014
Annual accounts 2014-129,4 k €↓
2013
Annual accounts 2013-58,1 k €↑
2012
Annual accounts 2012-171,6 k €↓
2011
Annual accounts 20118,7 k €↑
2010
Annual accounts 2010-588 €↓
2009
Annual accounts 20095 k €↑
2008
Annual accounts 2008-16,2 k €↓
2007
Annual accounts 200711,6 k €
19/07/1999
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

IT - SPIN OFF

Overview

What does IT - SPIN OFF 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