ACTIVE

EQUATION

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Financial year 2025 · closed on 31/12/2025
Net result
53,7 k €
+38.1% YoY
Gross margin
70,3 k €
+46.3% YoY
Equity
65,9 k €
-36.3% YoY

What does EQUATION do?

EQUATION is a Private limited company incorporated in 2013. Its main activity is: Computer consultancy activities. Its registered office is in Tongeren-Borgloon.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0537.240.735
Incorporation
01/08/2013
Legal form
Private limited company
Registered office
Sint-Pankraasstraat 14
3700 Tongeren-Borgloon · FlandreSee on map
Contributed capital
12 185,64 €
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities62030Computer facilities management activities62090Other information technology and computer service activities62900Computer programming, consultancy and related activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin70,3 k €48 k €35,1 k €39,4 k €38 k €34,6 k €33,9 k €32,2 k €37,6 k €37,9 k €48,7 k €83,8 k €
EBITDA70,2 k €48 k €34,9 k €39,2 k €37,8 k €34,5 k €33,8 k €32,1 k €37,5 k €37,7 k €48,5 k €83,7 k €
Operating result68,3 k €46,2 k €34 k €38,3 k €37,1 k €33,9 k €33,5 k €31,7 k €37,2 k €37,5 k €48,3 k €83,3 k €
Net result53,7 k €38,9 k €20,2 k €29,1 k €28,7 k €26,6 k €26,1 k €24,6 k €25,8 k €26,2 k €33,7 k €60,6 k €
Balance sheet
Equity65,9 k €103,5 k €98,6 k €78,4 k €54,3 k €25,6 k €39 k €23,4 k €141 k €115,2 k €89 k €55,3 k €
Total assets132,1 k €109,1 k €114,3 k €92,4 k €85,3 k €93,5 k €56,7 k €60,7 k €150,4 k €126,1 k €98,2 k €70,4 k €
Cash81,2 k €44,3 k €81,1 k €44,1 k €43,7 k €49,8 k €20,3 k €24,3 k €108,3 k €87,5 k €67,1 k €31,2 k €
Debts66,1 k €5,6 k €15,7 k €14 k €31 k €67,9 k €17,7 k €37,3 k €9,4 k €10,9 k €9,2 k €14,8 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 · 1 ended

Active mandates

David Seifert

Director

Active

Ended mandates

David Seifert

Mandate

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202629/08/202515/07/202428/08/202330/06/202229/10/2021
General meeting25/06/202625/06/202525/06/202425/06/202325/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202525/06/202603/07/2026DutchPDF
Micro model31/12/202425/06/202529/08/2025DutchPDF
Micro model31/12/202325/06/202415/07/2024DutchPDF
Micro model31/12/202225/06/202328/08/2023DutchPDF
Micro model31/12/202125/06/202230/06/2022DutchPDF
Micro model31/12/202025/06/202129/10/2021DutchPDF
Micro model31/12/201925/06/202026/08/2020DutchPDF
Micro model31/12/201825/06/201918/07/2019DutchPDF
Micro model31/12/201725/06/201826/06/2018DutchPDF
Micro model31/12/201626/06/201711/08/2017DutchPDF
Abridged model31/12/201525/06/201631/08/2016DutchPDF
Abridged model31/12/201425/06/201530/06/2015DutchPDF
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 · 1 ended

Active mandates

David Seifert

Director

Active

Ended mandates

David Seifert

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/01/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/08/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202553,7 k €↑
  2. 2024
    Annual accounts 202438,9 k €↑
  3. 2023
    Annual accounts 202320,2 k €↓
  4. 2022
    Annual accounts 202229,1 k €↑
  5. 2021
    Annual accounts 202128,7 k €↑
  6. 2020
    Annual accounts 202026,6 k €↑
  7. 2019
    Annual accounts 201926,1 k €↑
  8. 2018
    Annual accounts 201824,6 k €↓
  9. 2017
    Annual accounts 201725,8 k €↓
  10. 2016
    Annual accounts 201626,2 k €↓
  11. 2015
    Annual accounts 201533,7 k €↓
  12. 2014
    Annual accounts 201460,6 k €
  13. 01/08/2013
    IncorporationPrivate limited company