ACTIVE

Conversal

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Financial year 2025 · closed on 30/09/2025

Net result

186,5 k €

+33.2% YoY

Gross margin

971,6 k €

-6.5% YoY

Equity

680 k €

+37.8% YoY

What does Conversal do?

Conversal is a Private limited company incorporated in 2012. Its main activity is: Computer programming activities. Its registered office is in Affligem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0848.529.769

Incorporation

07/09/2012

Legal form

Private limited company

Registered office

Boekhoutstraat 121
1790 Affligem · FlandreSee on map

Contributed capital

13 504,44 €

Latest accounts

30/09/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 73110Advertising agencies 73110Advertising agencies 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities+2

Joint committees (2)

2000
22700

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	971,6 k €	-6.5%	1 M €	-5.6%	1,1 M €	+1.5%	1,1 M €	+39.4%	777,8 k €	+83.2%	424,6 k €	+20.5%	352,4 k €	+55.8%	226,1 k €
EBITDA	322 k €	+22.8%	262,3 k €	-34.2%	398,5 k €	+6.8%	373,1 k €	+40.3%	265,9 k €	+206%	86,9 k €	+64.8%	52,7 k €	-25.9%	71,1 k €
Operating result	268 k €	+32.4%	202,4 k €	-41.7%	347 k €	+18.7%	292,3 k €	+57.7%	185,3 k €	+319%	44,3 k €	+70.5%	26 k €	-42.5%	45,2 k €
Net result	186,5 k €	+33.2%	140 k €	-41.5%	239,5 k €	+14.0%	210,1 k €	+67.6%	125,4 k €	+191%	43,1 k €	+707%	5,3 k €	-81.5%	28,8 k €
Balance sheet
Equity	680 k €	+37.8%	493,5 k €	+39.6%	353,4 k €	-28.6%	495,2 k €	+52.3%	325,1 k €	+62.8%	199,7 k €	+27.5%	156,6 k €	+3.5%	151,2 k €
Total assets	972,5 k €	+11.1%	875,1 k €	+3.8%	843,4 k €	-36.3%	1,3 M €	+7.4%	1,2 M €	+29.2%	954,4 k €	+121%	431,4 k €	+16.2%	371,2 k €
Cash	389,5 k €	+77.8%	219 k €	-17.5%	265,5 k €	-32.2%	391,5 k €	+98.4%	197,3 k €	+85.7%	106,3 k €	-41.0%	180,3 k €	+80.8%	99,7 k €
Debts	254,4 k €	-33.2%	380,7 k €	-20.9%	481,3 k €	-41.8%	826,6 k €	-7.5%	893,9 k €	+29.4%	690,7 k €	+151%	274,9 k €	+24.9%	220 k €
Other
Workforce	–		12,5 ETP	-6.7%	13,4 ETP	+21.8%	11,0 ETP	+1.9%	10,8 ETP	+33.3%	8,1 ETP	+14.1%	7,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 5 ended

Active mandates

Conversal Collective

Director · since 07 juillet 2023 · 0803.647.374

Represented by Buggenhoudt JEROEN

Active

Ended mandates

Jens De Roeck, C-bestuurder

Director · since 07 juillet 2023

Ended

Jens De Roeck

Director · since 12 décembre 2022

Ended

Steven De Wolf

Director · since 12 décembre 2022

Ended

Jeroen Buggenhoudt

Director · since 19 septembre 2018

Ended

At this address

Other companies at this address

Company	CBE no.
CODESK● Active	0773.694.764
Conversal Collective● Active	0803.647.374
Jeroen Buggenhoudt● Active	0794.722.582
Legio● Active	1002.113.928

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/04/2026	16/12/2024	30/04/2024	27/04/2023	31/05/2022	31/05/2021
General meeting	27/03/2026	16/12/2024	23/04/2024	03/03/2023	04/03/2022	05/03/2021
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/03/2026	21/04/2026	Dutch	PDF
Abridged model	30/09/2024	16/12/2024	16/12/2024	Dutch	PDF
Abridged model	30/09/2023	23/04/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	27/04/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	31/05/2022	Dutch	PDF
Abridged model	30/09/2020	05/03/2021	31/05/2021	Dutch	PDF
Abridged model	30/09/2019	06/03/2020	30/05/2020	Dutch	PDF
Micro model	30/09/2018	01/03/2019	13/05/2019	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 1 active · 5 ended

Active mandates

Conversal Collective

Director · since 07 juillet 2023 · 0803.647.374

Represented by Buggenhoudt JEROEN

Active

Ended mandates

Jens De Roeck, C-bestuurder

Director · since 07 juillet 2023

Ended

Jens De Roeck

Director · since 12 décembre 2022

Ended

Steven De Wolf

Director · since 12 décembre 2022

Ended

Jeroen Buggenhoudt

Director · since 19 septembre 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/12/2022
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Restructuring22/08/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office01/07/2020
MAATSCHAPPELIJKE ZETEL
PDF
Other21/01/2019
BENAMING
PDF
Capital / shares03/10/2018
BENAMING - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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 2025186,5 k €↑
2024
Annual accounts 2024140 k €↓
2023
Annual accounts 2023239,5 k €↑
2022
Annual accounts 2022210,1 k €↑
2021
Annual accounts 2021125,4 k €↑
2020
Annual accounts 202043,1 k €↑
2019
Annual accounts 20195,3 k €↓
2018
Annual accounts 201828,8 k €
07/09/2012
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

Conversal

Overview

What does Conversal do?

Trend over 8 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