ACTIVE

SOFTWARE DEVELOPMENT COMPANY

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Financial year 2025 · closed on 31/12/2025

Net result

27 k €

-38.4% YoY

Gross margin

78,1 k €

-1.9% YoY

Equity

122 k €

+28.4% YoY

What does SOFTWARE DEVELOPMENT COMPANY do?

SOFTWARE DEVELOPMENT COMPANY is a Private limited company incorporated in 2001. Its main activity is: Other information technology and computer service activities. Its registered office is in Willebroek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.416.004

Incorporation

02/08/2001

Legal form

Private limited company

Registered office

Papyruslaan 7
2830 Willebroek · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

62090Other information technology and computer service activities· main 62900Computer programming, consultancy and related activities 72600Scientific research and development 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores 52487Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	78,1 k €	-1.9%	79,6 k €	-0.9%	80,3 k €	+29.5%	62 k €	+40.7%	44,1 k €	-54.8%	97,5 k €	+163%	37,1 k €	-6.7%	39,8 k €	+6.8%	37,3 k €	-5.6%	39,5 k €	-10.8%	44,3 k €	-20.1%	55,4 k €	+8.1%	51,3 k €	+0.0%	51,3 k €	-2.1%	52,4 k €	+9.4%	47,9 k €	+18.0%	40,6 k €	-7.6%	43,9 k €	-8.8%	48,2 k €	-7.8%	52,2 k €
EBITDA	75,5 k €	-2.1%	77,1 k €	-0.5%	77,5 k €	+26.2%	61,4 k €	+64.2%	37,4 k €	-60.5%	94,7 k €	+186%	33 k €	-6.3%	35,3 k €	+3.9%	33,9 k €	-8.1%	36,9 k €	+175%	13,4 k €	-25.7%	18,1 k €	-5.2%	19,1 k €	-7.1%	20,5 k €	-7.2%	22,1 k €	+29.6%	17,1 k €	+86.2%	9,2 k €	-34.5%	14 k €	-34.7%	21,4 k €	-4.4%	22,4 k €
Operating result	60,8 k €	-2.5%	62,3 k €	-3.7%	64,7 k €	+6.1%	61 k €	+164%	23,1 k €	-73.7%	87,8 k €	+222%	27,2 k €	-2.7%	28 k €	+5.0%	26,7 k €	-6.7%	28,6 k €	+166%	10,7 k €	-27.7%	14,8 k €	-2.7%	15,2 k €	+6.0%	14,4 k €	-11.1%	16,2 k €	+40.6%	11,5 k €	+157%	4,5 k €	-48.3%	8,7 k €	-49.1%	17 k €	+2.3%	16,6 k €
Net result	27 k €	-38.4%	43,8 k €	-2.3%	44,8 k €	+111%	21,2 k €	+58.8%	13,4 k €	-78.7%	62,7 k €	+195%	21,2 k €	+0.2%	21,2 k €	+10.7%	19,1 k €	-10.2%	21,3 k €	+248%	6,1 k €	-56.1%	14 k €	-12.4%	15,9 k €	+24.4%	12,8 k €	+29.2%	9,9 k €	+15.6%	8,6 k €	-13.1%	9,9 k €	+49.1%	6,6 k €	-58.1%	15,8 k €	+27.0%	12,4 k €
Balance sheet
Equity	122 k €	+28.4%	95 k €	-15.3%	112,2 k €	-33.0%	167,3 k €	-37.1%	266,1 k €	+5.3%	252,7 k €	+0.5%	251,6 k €	+9.2%	230,3 k €	+10.1%	209,2 k €	+10.1%	190 k €	+12.6%	168,7 k €	+3.8%	162,6 k €	+9.4%	148,6 k €	+12.0%	132,7 k €	+10.7%	119,9 k €	-7.8%	130 k €	+7.1%	121,4 k €	+8.9%	111,5 k €	+6.3%	104,9 k €	+17.7%	89,1 k €
Total assets	164,2 k €	-18.0%	200,2 k €	-32.4%	296,2 k €	-6.3%	316 k €	-9.6%	349,7 k €	-8.1%	380,4 k €	+37.7%	276,3 k €	+11.9%	246,8 k €	+6.8%	231,1 k €	+14.2%	202,4 k €	+13.8%	177,9 k €	+1.1%	175,9 k €	+9.7%	160,2 k €	+9.7%	146,1 k €	-4.1%	152,4 k €	+11.5%	136,7 k €	-5.2%	144,3 k €	+7.3%	134,5 k €	+12.9%	119,1 k €	-4.0%	124,1 k €
Cash	19,3 k €	+0.2%	19,3 k €	-54.6%	42,6 k €	+45.3%	29,3 k €	+9.6%	26,8 k €	-24.6%	35,5 k €	-85.3%	241,2 k €	+14.5%	210,6 k €	+10.2%	191,2 k €	+45.5%	131,4 k €	+26.8%	103,7 k €	-17.4%	125,5 k €	+17.4%	106,9 k €	+28.5%	83,2 k €	-10.9%	93,4 k €	+24.2%	75,2 k €	+16.5%	64,5 k €	-17.4%	78,1 k €	+16.1%	67,3 k €	-14.6%	78,8 k €
Debts	42,3 k €	-59.8%	105,2 k €	-42.8%	184 k €	+23.8%	148,6 k €	+77.9%	83,6 k €	-34.6%	127,7 k €	+418%	24,7 k €	+49.8%	16,5 k €	-25.0%	22 k €	+77.5%	12,4 k €	+34.7%	9,2 k €	-30.9%	13,3 k €	+14.3%	11,6 k €	-13.3%	13,4 k €	-58.8%	32,5 k €	+379%	6,8 k €	-26.9%	9,3 k €	-54.0%	20,2 k €	+42.1%	14,2 k €	-59.4%	35 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

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 · 2 active · 4 ended

Active mandates

ALEXANDER MILISSEN

Mandate

Active

Yasmine Vandebroucke

Mandate

Active

Ended mandates

ALEXANDER MILISEN

Mandate

Ended

Alexander Milissen

Administrator - manager

Ended

Yasmine Vandenbroucke

bestuurder

Ended

Yasmine Vandenbroucke

Administrator - 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	18/04/2026	20/06/2025	04/06/2024	04/06/2023	23/06/2022	15/11/2021
General meeting	07/04/2026	07/04/2025	02/04/2024	03/04/2023	04/04/2022	12/11/2021
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
Micro model	31/12/2025	07/04/2026	18/04/2026	Dutch	PDF
Micro model	31/12/2024	07/04/2025	20/06/2025	Dutch	PDF
Micro model	31/12/2023	02/04/2024	04/06/2024	Dutch	PDF
Micro model	31/12/2022	03/04/2023	04/06/2023	Dutch	PDF
Micro model	31/12/2021	04/04/2022	23/06/2022	Dutch	PDF
Micro model	31/12/2020	12/11/2021	15/11/2021	Dutch	PDF
Micro model	31/12/2019	14/08/2020	15/08/2020	French	PDF
Micro model	31/12/2018	24/08/2019	26/08/2019	French	PDF
Micro model	31/12/2017	12/08/2018	14/08/2018	French	PDF
Micro model	31/12/2016	21/08/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	23/08/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	13/07/2015	14/07/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	19/06/2014	French	PDF
Abridged model	31/12/2012	04/07/2013	10/07/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	05/06/2012	French	PDF
Abridged model	31/12/2010	27/04/2011	28/04/2011	French	PDF
Abridged model	31/12/2009	23/08/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	28/08/2009	30/08/2009	French	PDF
Abridged model	31/12/2007	06/05/2008	09/05/2008	French	PDF
Abridged model	31/12/2006	18/08/2007	24/08/2007	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 · 2 active · 4 ended

Active mandates

ALEXANDER MILISSEN

Mandate

Active

Yasmine Vandebroucke

Mandate

Active

Ended mandates

ALEXANDER MILISEN

Mandate

Ended

Alexander Milissen

Administrator - manager

Ended

Yasmine Vandenbroucke

bestuurder

Ended

Yasmine Vandenbroucke

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - 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 202527 k €↓
2024
Annual accounts 202443,8 k €↓
2023
Annual accounts 202344,8 k €↑
2022
Annual accounts 202221,2 k €↑
2021
Annual accounts 202113,4 k €↓
2020
Annual accounts 202062,7 k €↑
2019
Annual accounts 201921,2 k €↑
2018
Annual accounts 201821,2 k €↑
2017
Annual accounts 201719,1 k €↓
2016
Annual accounts 201621,3 k €↑
2015
Annual accounts 20156,1 k €↓
2014
Annual accounts 201414 k €↓
2013
Annual accounts 201315,9 k €↑
2012
Annual accounts 201212,8 k €↑
2011
Annual accounts 20119,9 k €↑
2010
Annual accounts 20108,6 k €↓
2009
Annual accounts 20099,9 k €↑
2008
Annual accounts 20086,6 k €↓
2007
Annual accounts 200715,8 k €↑
2006
Annual accounts 200612,4 k €
02/08/2001
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

SOFTWARE DEVELOPMENT COMPANY

Overview

What does SOFTWARE DEVELOPMENT COMPANY do?

Trend over 20 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