ACTIVE

PYTHAGORAS

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Financial year 2025 · closed on 31/12/2025

Net result

149 k €

+14.2% YoY

Gross margin

775,2 k €

+2.7% YoY

Equity

766,4 k €

+24.1% YoY

Workforce

4,1 ETP

-12.8% YoY

What does PYTHAGORAS do?

PYTHAGORAS is a Private limited company incorporated in 2010. Its main activity is: Other software publishing. Its registered office is in Turnhout. It employs on average 4,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0831.370.073

Incorporation

19/11/2010

Legal form

Private limited company

Registered office

Rubensstraat 104 box 3
2300 Turnhout · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

4,1 ETP

Activities (NACE)

58290Other software publishing· main 58290Other software publishing 62010Computer programming activities 62100Computer programming, consultancy and related activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	775,2 k €	+2.7%	754,9 k €	+9.5%	689,5 k €	+22.5%	562,9 k €	-3.9%	585,7 k €	-13.0%	673,4 k €	+18.7%	567,4 k €	+16.8%	485,9 k €	+2.1%	475,8 k €	+12.7%	422 k €	-7.9%	458,4 k €	+5.8%	433,3 k €	+49.7%	289,3 k €	-30.3%	415,3 k €	+47.1%	282,3 k €
EBITDA	496,9 k €	+13.8%	436,7 k €	+42.3%	306,8 k €	+17.1%	262 k €	-18.3%	320,7 k €	-24.4%	424,1 k €	+24.3%	341,1 k €	+29.1%	264,3 k €	-1.4%	268,1 k €	+55.3%	172,6 k €	+31.1%	131,6 k €	-32.3%	194,5 k €	+78.4%	109,1 k €	-49.3%	215,2 k €	+73.6%	123,9 k €
Operating result	174,2 k €	-1.6%	177,1 k €	+4.0%	170,2 k €	+8.3%	157,3 k €	-25.1%	210 k €	-32.5%	311 k €	+56.7%	198,5 k €	+63.4%	121,5 k €	-18.7%	149,5 k €	+134%	64 k €	+164%	24,2 k €	-74.4%	94,5 k €	+159%	36,5 k €	-78.4%	169 k €	+70.8%	99 k €
Net result	149 k €	+14.2%	130,5 k €	-0.8%	131,6 k €	+4.5%	126 k €	-17.4%	152,5 k €	-50.6%	308,8 k €	+57.6%	195,9 k €	+67.8%	116,7 k €	-20.2%	146,2 k €	+147%	59,1 k €	+302%	14,7 k €	-84.3%	93,9 k €	+343%	21,2 k €	-80.7%	109,8 k €	+55.1%	70,8 k €
Balance sheet
Equity	766,4 k €	+24.1%	617,4 k €	+26.8%	486,9 k €	+37.0%	355,3 k €	+54.9%	229,3 k €	+198%	76,8 k €	-65.9%	225,5 k €	+0.0%	225,5 k €	-0.1%	225,7 k €	+0.1%	225,5 k €	+4.2%	216,5 k €	+7.3%	201,8 k €	-3.0%	207,9 k €	+11.3%	186,7 k €	+143%	77 k €
Total assets	1,2 M €	+13.9%	1 M €	+18.0%	866,2 k €	+22.2%	708,6 k €	+16.7%	607,5 k €	-13.4%	701,3 k €	+0.3%	699 k €	+10.8%	630,8 k €	-4.9%	663,2 k €	+16.1%	571,3 k €	+18.0%	484 k €	-16.6%	580,6 k €	+25.4%	462,9 k €	+3.4%	447,8 k €	+48.6%	301,4 k €
Cash	280,6 k €	+48.9%	188,4 k €	+79.0%	105,3 k €	-55.9%	238,7 k €	+2.1%	233,8 k €	-30.7%	337,6 k €	-18.0%	411,9 k €	+28.0%	321,7 k €	-11.6%	363,9 k €	+28.5%	283,2 k €	+32.8%	213,2 k €	-20.7%	269 k €	+45.5%	184,9 k €	+30.7%	141,5 k €	-2.6%	145,2 k €
Debts	115,9 k €	-4.0%	120,7 k €	+34.1%	90 k €	+13.0%	79,7 k €	-21.5%	101,6 k €	-73.8%	387 k €	+40.4%	275,7 k €	+35.3%	203,8 k €	-23.6%	266,9 k €	+38.6%	192,5 k €	+34.2%	143,4 k €	-46.7%	268,9 k €	+78.9%	150,3 k €	-5.3%	158,7 k €	+12.5%	141,1 k €
Other
Workforce	4,1 ETP	-12.8%	4,7 ETP	-4.1%	4,9 ETP	+2.1%	4,8 ETP	+6.7%	4,5 ETP	+9.8%	4,1 ETP		–		–		3,5 ETP	-23.9%	4,6 ETP	-17.9%	5,6 ETP	+43.6%	3,9 ETP	+14.7%	3,4 ETP	-5.6%	3,6 ETP	+38.5%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

CONFINGO

Director · since 01 janvier 2013 · 0500.785.462

Represented by Stijn VAN BEEK

Active

Ended mandates

80one

Manager · since 01 janvier 2013 · 0500.784.076

Represented by Jan Van Looy

Ended

80one

Manager · since 01 janvier 2013 · 0500.784.076

Represented by Jan Van Looy

Ended

80one

Manager · since 01 janvier 2013 · 0500.784.076

Represented by Jan Van Looy

Ended

80one

Director · since 01 janvier 2013 · until 24 juin 2021 · 0500.784.076

Represented by JAN VAN LOOY

Ended

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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	Abridged model	Abridged 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	10/07/2026	29/08/2025	15/07/2024	20/06/2023	08/07/2022	28/06/2021
General meeting	12/06/2026	29/08/2025	14/06/2024	14/06/2023	15/06/2022	14/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	10/07/2026	Dutch	PDF
Abridged model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	20/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	15/06/2020	16/06/2020	Dutch	PDF
Micro model	31/12/2018	17/06/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	14/06/2018	21/06/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	22/06/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 13 ended

Active mandates

CONFINGO

Director · since 01 janvier 2013 · 0500.785.462

Represented by Stijn VAN BEEK

Active

Ended mandates

80one

Manager · since 01 janvier 2013 · 0500.784.076

Represented by Jan Van Looy

Ended

80one

Manager · since 01 janvier 2013 · 0500.784.076

Represented by Jan Van Looy

Ended

80one

Manager · since 01 janvier 2013 · 0500.784.076

Represented by Jan Van Looy

Ended

80one

Director · since 01 janvier 2013 · until 24 juin 2021 · 0500.784.076

Represented by JAN VAN LOOY

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office03/01/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other06/12/2010
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

2025
Annual accounts 2025149 k €↑
2024
Annual accounts 2024130,5 k €↓
2023
Annual accounts 2023131,6 k €↑
2022
Annual accounts 2022126 k €↓
2021
Annual accounts 2021152,5 k €↓
2020
Annual accounts 2020308,8 k €↑
2019
Annual accounts 2019195,9 k €↑
2018
Annual accounts 2018116,7 k €↓
2017
Annual accounts 2017146,2 k €↑
2016
Annual accounts 201659,1 k €↑
2015
Annual accounts 201514,7 k €↓
2014
Annual accounts 201493,9 k €↑
2013
Annual accounts 201321,2 k €↓
2012
Annual accounts 2012109,8 k €↑
2011
Annual accounts 201170,8 k €
19/11/2010
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

PYTHAGORAS

Overview

What does PYTHAGORAS do?

Trend over 15 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