ACTIVE

ETHER SOFT

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Financial year 2025 · closed on 31/12/2025

Net result

42 k €

+0.4% YoY

Gross margin

62,4 k €

+4.1% YoY

Equity

313,2 k €

+15.5% YoY

What does ETHER SOFT do?

ETHER SOFT is a Private limited company incorporated in 1999. Its main activity is: Computer programming activities. Its registered office is in Merelbeke-Melle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.605.236

Incorporation

19/08/1999

Legal form

Private limited company

Registered office

Hazelaardreef 39
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2005
Income statement
Gross margin	62,4 k €	+4.1%	60 k €	+2.4%	58,6 k €	+23.1%	47,6 k €	+244%	13,8 k €	+113%	-105,5 k €	-1070%	10,9 k €	-40.1%	18,2 k €	-6.5%	19,4 k €	-24.4%	25,7 k €	-68.5%	81,5 k €	+11.3%	73,2 k €	-3.1%	75,6 k €	-5.9%	80,4 k €	+4.3%	77,1 k €	+25.2%	61,6 k €	+16.5%	52,9 k €	-33.1%	79,1 k €	+39.3%	56,8 k €	+10.5%	51,4 k €	+31.5%	39,1 k €
EBITDA	62,2 k €	+4.3%	59,7 k €	+2.4%	58,3 k €	+23.3%	47,2 k €	+250%	13,5 k €	+113%	-105,8 k €	-1103%	10,5 k €	-40.8%	17,8 k €	-6.6%	19,1 k €	-23.5%	25 k €	-69.3%	81,2 k €	+21.0%	67,1 k €	-9.8%	74,4 k €	-6.2%	79,3 k €	+4.4%	76 k €	+25.7%	60,4 k €	+19.0%	50,8 k €	-26.1%	68,7 k €	+33.0%	51,7 k €	+17.1%	44,1 k €	+42.6%	30,9 k €
Operating result	62,2 k €	+4.3%	59,7 k €	+2.4%	58,2 k €	+23.7%	47,1 k €	+261%	13 k €	+112%	-106,5 k €	-2205%	5,1 k €	-59.6%	12,5 k €	-9.7%	13,9 k €	-30.4%	19,9 k €	-75.3%	80,6 k €	+21.5%	66,4 k €	-9.9%	73,7 k €	-6.6%	78,8 k €	+4.0%	75,8 k €	+41.8%	53,5 k €	+22.8%	43,5 k €	-29.1%	61,4 k €	+39.4%	44 k €	+20.8%	36,5 k €	+23.4%	29,5 k €
Net result	42 k €	+0.4%	41,8 k €	+7.4%	38,9 k €	-11.3%	43,8 k €	+185%	15,4 k €	+114%	-108,1 k €	-15622%	696,7 €	-88.2%	5,9 k €	+34.7%	4,4 k €	-69.5%	14,4 k €	-70.1%	48 k €	+75.9%	27,3 k €	-20.1%	34,2 k €	-45.3%	62,5 k €	-21.9%	80 k €	+66.2%	48,1 k €	+113%	22,6 k €	-51.6%	46,7 k €	+40.8%	33,2 k €	+29.9%	25,6 k €	+8.5%	23,6 k €
Balance sheet
Equity	313,2 k €	+15.5%	271,2 k €	+18.2%	229,4 k €	+20.4%	190,5 k €	+29.9%	146,7 k €	+11.7%	131,3 k €	-45.2%	239,4 k €	-56.6%	551,7 k €	+0.8%	547,4 k €	+0.8%	543 k €	+2.7%	528,7 k €	+10.0%	480,6 k €	+6.0%	453,3 k €	+2.7%	441,3 k €	+16.5%	378,8 k €	+26.8%	298,8 k €	+19.2%	250,7 k €	+9.9%	228 k €	+25.8%	181,3 k €	+22.4%	148,1 k €	+20.9%	122,5 k €
Total assets	360,4 k €	+12.5%	320,3 k €	+8.5%	295,2 k €	+26.2%	233,9 k €	+21.0%	193,3 k €	+1.6%	190,2 k €	-36.7%	300,5 k €	-50.5%	606,9 k €	+1.7%	596,5 k €	+1.3%	589 k €	-15.1%	693,8 k €	+11.4%	623 k €	+6.3%	585,8 k €	+2.1%	573,6 k €	+13.2%	506,7 k €	+23.5%	410,3 k €	+14.8%	357,5 k €	+7.8%	331,5 k €	+20.6%	274,8 k €	+24.2%	221,3 k €	+20.7%	183,3 k €
Cash	306 k €	+15.1%	265,9 k €	+10.1%	241,5 k €	+33.9%	180,3 k €	+28.9%	139,9 k €	-5.0%	147,3 k €	-33.3%	220,9 k €	-58.4%	531,3 k €	+3.8%	512 k €	+2.0%	502,2 k €	-19.3%	622,3 k €	+13.3%	549,2 k €	+12.3%	489,2 k €	+27.2%	384,6 k €	-8.3%	419,3 k €	+24.7%	336,2 k €	+51.3%	222,2 k €	+12.1%	198,2 k €	+57.5%	125,8 k €	+76.8%	71,1 k €	-6.8%	76,3 k €
Debts	47,3 k €	-3.8%	49,1 k €	-25.3%	65,8 k €	+55.4%	42,3 k €	-9.2%	46,6 k €	-17.8%	56,7 k €	-7.0%	61 k €	+11.1%	54,9 k €	+11.8%	49,1 k €	+6.9%	46 k €	-71.1%	158,9 k €	+22.4%	129,8 k €	+8.1%	120,1 k €	+2.4%	117,2 k €	+5.7%	111 k €	+11.5%	99,5 k €	+3.5%	96,2 k €	+3.1%	93,3 k €	+12.5%	82,9 k €	+28.1%	64,8 k €	+22.3%	53 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Nicolaas Boey

Director

Active

Ended mandates

Nicolaas Boey

Manager · since 19 août 1999

Ended

ANNE MARIE DESMET

Associate

Ended

Anne-Marie Desmet

Director

Ended

Anne-Marie Desmet

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	01/01/2025	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	28/08/2026	31/07/2025	18/07/2024	30/08/2023	10/08/2022	17/08/2021
General meeting	02/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	07/05/2021
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/05/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	02/05/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	03/05/2024	18/07/2024	Dutch	PDF
Micro model	31/12/2022	05/05/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	06/05/2022	10/08/2022	Dutch	PDF
Micro model	31/12/2020	07/05/2021	17/08/2021	Dutch	PDF
Micro model	31/12/2019	02/05/2020	27/07/2020	Dutch	PDF
Micro model	31/12/2018	03/05/2019	19/07/2019	Dutch	PDF
Micro model	31/12/2017	04/05/2018	27/06/2018	Dutch	PDF
Micro model	31/12/2016	24/08/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/08/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	14/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	12/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/05/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/05/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	21/08/2009	Dutch	PDF
Abridged modelCorrection	31/12/2007	02/05/2008	20/11/2008	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	25/08/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	04/05/2007	20/11/2008	Dutch	PDF
Abridged model	31/12/2006	04/05/2007	27/07/2007	Dutch	PDF
Abridged modelCorrection	31/12/2005	27/05/2006	20/11/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 8 ended

Active mandates

Nicolaas Boey

Director

Active

Ended mandates

Nicolaas Boey

Manager · since 19 août 1999

Ended

ANNE MARIE DESMET

Associate

Ended

Anne-Marie Desmet

Director

Ended

Anne-Marie Desmet

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/09/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/02/2014
KAPITAAL - AANDELEN - 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 202542 k €↑
2024
Annual accounts 202441,8 k €↑
2023
Annual accounts 202338,9 k €↓
2022
Annual accounts 202243,8 k €↑
2021
Annual accounts 202115,4 k €↑
2020
Annual accounts 2020-108,1 k €↓
2019
Annual accounts 2019696,7 €↓
2018
Annual accounts 20185,9 k €↑
2017
Annual accounts 20174,4 k €↓
2016
Annual accounts 201614,4 k €↓
2015
Annual accounts 201548 k €↑
2014
Annual accounts 201427,3 k €↓
2013
Annual accounts 201334,2 k €↓
2012
Annual accounts 201262,5 k €↓
2011
Annual accounts 201180 k €↑
2010
Annual accounts 201048,1 k €↑
2009
Annual accounts 200922,6 k €↓
2008
Annual accounts 200846,7 k €↑
2007
Annual accounts 200733,2 k €↑
2006
Annual accounts 200625,6 k €↑
2005
Annual accounts 200523,6 k €
19/08/1999
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

ETHER SOFT

Overview

What does ETHER SOFT do?

Trend over 21 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