ACTIVE

RED HAT

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-9.1% YoY

Revenue

25,1 M €

-4.3% YoY

Equity

6,8 M €

+19.1% YoY

Workforce

65,3 ETP

+0.8% YoY

What does RED HAT do?

RED HAT is a Private limited company incorporated in 2006. Its main activity is: Computer programming activities. Its registered office is in Saint-Josse-ten-Noode. It employs on average 65,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.664.008

Incorporation

17/01/2006

Legal form

Private limited company

Registered office

Boulevard Saint-Lazare 4/10
1210 Saint-Josse-ten-Noode · BruxellesSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

65,3 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007
Income statement
Revenue	25,1 M €	-4.3%	26,2 M €	+30.2%	20,1 M €	+12.5%	17,9 M €	+35.7%	13,2 M €	+14.5%	11,5 M €	-16.6%	13,8 M €	+50.6%	9,2 M €	+22.0%	7,5 M €	+20.6%	6,2 M €	+70.3%	3,7 M €	+3.7%	3,5 M €	+40.1%	2,5 M €	+6.1%	2,4 M €		–		–		–		–		–
EBITDA	1,6 M €	-4.2%	1,7 M €	+29.6%	1,3 M €	+12.8%	1,2 M €	+10.7%	1 M €	+59.1%	656,2 k €	-18.3%	803 k €	+32.6%	605,4 k €	+83.1%	330,6 k €	+4.0%	318 k €	+82.1%	174,6 k €	+2.1%	171 k €	+48.3%	115,3 k €	+55.1%	74,4 k €	-27.7%	102,9 k €	+16.4%	88,4 k €	-30.8%	127,8 k €	+139%	53,5 k €	+34.7%	39,7 k €
Operating result	1,6 M €	-4.3%	1,6 M €	+30.1%	1,3 M €	+11.8%	1,1 M €	+11.0%	1 M €	+61.0%	630,6 k €	-18.9%	777,7 k €	+31.7%	590,6 k €	+85.0%	319,2 k €	+4.3%	306,2 k €	+86.6%	164,1 k €	-0.1%	164,3 k €	+46.5%	112,1 k €	+52.0%	73,8 k €	-28.0%	102,5 k €	+16.0%	88,4 k €	-30.8%	127,8 k €	+139%	53,5 k €	+34.7%	39,7 k €
Net result	1,1 M €	-9.1%	1,2 M €	+38.1%	867,9 k €	+16.8%	743,3 k €	+5.6%	703,8 k €	+59.9%	440,1 k €	-6.5%	470,4 k €	+27.0%	370,5 k €	+132%	159,9 k €	-4.7%	167,8 k €	+92.7%	87,1 k €	-6.9%	93,5 k €	+54.3%	60,6 k €	+43.9%	42,1 k €	-29.0%	59,3 k €	-6.7%	63,6 k €	-24.4%	84,1 k €	+208%	27,4 k €	+10.7%	24,7 k €
Balance sheet
Equity	6,8 M €	+19.1%	5,7 M €	+26.6%	4,5 M €	+23.8%	3,6 M €	+25.6%	2,9 M €	+32.1%	2,2 M €	+25.1%	1,8 M €	+36.6%	1,3 M €	+40.6%	913,3 k €	+21.2%	753,4 k €	+28.6%	585,6 k €	+17.5%	498,6 k €	+23.1%	405,1 k €	+17.6%	344,5 k €	+13.9%	302,4 k €	+24.4%	243,1 k €	+35.4%	179,6 k €	+88.1%	95,4 k €	+121%	43,3 k €
Total assets	14,9 M €	+17.4%	12,7 M €	+46.2%	8,7 M €	+16.5%	7,5 M €	+37.9%	5,4 M €	-1.2%	5,5 M €	+9.5%	5 M €	+42.3%	3,5 M €	+23.7%	2,8 M €	+13.9%	2,5 M €	+48.9%	1,7 M €	+16.4%	1,4 M €	+43.5%	1 M €	-43.5%	1,8 M €	+149%	715,2 k €	-80.8%	3,7 M €	-13.4%	4,3 M €	+50.7%	2,9 M €	+3260%	85,1 k €
Cash	150,2 k €	+39.1%	108 k €	-93.3%	1,6 M €	+2376%	64,7 k €	-42.4%	112,3 k €	-95.3%	2,4 M €	-12.9%	2,7 M €	+1409%	180,1 k €	-14.6%	210,8 k €	+117%	97,1 k €	-51.9%	201,7 k €	+146%	81,9 k €	-62.2%	216,5 k €	+341%	49,1 k €	+16.3%	42,2 k €	-49.5%	83,6 k €	-20.9%	105,7 k €	-59.2%	259,3 k €		–
Debts	8,1 M €	+17.0%	6,9 M €	+65.7%	4,2 M €	+13.9%	3,7 M €	+47.8%	2,5 M €	-22.1%	3,2 M €	-0.5%	3,2 M €	+44.9%	2,2 M €	+16.3%	1,9 M €	+10.4%	1,7 M €	+61.8%	1,1 M €	+16.6%	910,5 k €	+68.7%	539,7 k €	-57.5%	1,3 M €	+373%	268,3 k €	-92.0%	3,4 M €	-17.4%	4,1 M €	+50.1%	2,7 M €	+6370%	41,9 k €
Other
Workforce	65,3 ETP	+0.8%	64,8 ETP	-0.9%	65,4 ETP	+6.0%	61,7 ETP	+16.2%	53,1 ETP	+8.4%	49,0 ETP	+19.2%	41,1 ETP	+18.8%	34,6 ETP	+15.3%	30,0 ETP	+14.5%	26,2 ETP	+53.2%	17,1 ETP	+13.2%	15,1 ETP	+29.1%	11,7 ETP	+10.4%	10,6 ETP	+30.9%	8,1 ETP	+26.6%	6,4 ETP	-20.0%	8,0 ETP	+23.1%	6,5 ETP	+58.5%	4,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 32 ended

Active mandates

Amy Biathrow Ross

Director · since 21 juin 2022

Active

Michael O'Neill

Director · since 07 mars 2014

Active

Ended mandates

Biathrow Ross Amy

Manager · since 21 juin 2022

Ended

Barnhart Ryan Matthew

Manager · since 01 janvier 2022

Ended

Matthew Barnhart Ryan

Director · since 01 janvier 2022

Ended

Klemm Brian

Manager · since 30 avril 2020

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/03/2020
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	10 months
Filing date	10/07/2026	09/01/2026	16/07/2024	09/11/2023	11/07/2022	01/07/2021
General meeting	30/06/2026	29/09/2025	05/07/2024	28/06/2023	06/07/2022	30/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	10/07/2026	French	PDF
Full modelCorrection	31/12/2024	29/09/2025	09/01/2026	French	PDF
Full model	31/12/2024	29/09/2025	29/09/2025	French	PDF
Full model	31/12/2023	05/07/2024	16/07/2024	French	PDF
Full modelCorrection	31/12/2022	28/06/2023	09/11/2023	French	PDF
Full model	31/12/2022	28/06/2023	03/07/2023	French	PDF
Full model	31/12/2021	06/07/2022	11/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	01/07/2021	French	PDF
Abridged model	29/02/2020	25/11/2020	03/12/2020	French	PDF
Abridged model	28/02/2019	30/08/2019	16/09/2019	French	PDF
Abridged model	28/02/2018	30/07/2018	06/08/2018	French	PDF
Abridged model	28/02/2017	21/08/2017	30/08/2017	French	PDF
Full model	29/02/2016	30/09/2016	30/09/2016	French	PDF
Full model	28/02/2015	21/09/2015	25/09/2015	French	PDF
Full modelCorrection	28/02/2014	26/09/2014	29/06/2015	French	PDF
Full model	28/02/2014	26/09/2014	30/09/2014	French	PDF
Abridged model	28/02/2013	21/09/2013	24/10/2013	French	PDF
Abridged model	29/02/2012	30/07/2012	12/09/2012	French	PDF
Abridged model	28/02/2011	30/06/2011	11/07/2011	French	PDF
Abridged model	28/02/2010	23/08/2010	07/09/2010	French	PDF
Abridged model	28/02/2009	05/08/2009	31/08/2009	French	PDF
Abridged model	28/02/2007	11/06/2007	25/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 32 ended

Active mandates

Amy Biathrow Ross

Director · since 21 juin 2022

Active

Michael O'Neill

Director · since 07 mars 2014

Active

Ended mandates

Biathrow Ross Amy

Manager · since 21 juin 2022

Ended

Barnhart Ryan Matthew

Manager · since 01 janvier 2022

Ended

Matthew Barnhart Ryan

Director · since 01 janvier 2022

Ended

Klemm Brian

Manager · since 30 avril 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office21/02/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates08/02/2022
DEMISSIONS, NOMINATIONS
PDF
Other01/03/2021
ANNEE COMPTABLE
PDF
Mandates14/08/2020
OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/08/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - 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 20251,1 M €↓
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023867,9 k €↑
2022
Annual accounts 2022743,3 k €↑
2021
Annual accounts 2021703,8 k €↑
2020
Annual accounts 2020440,1 k €↓
2020
Annual accounts 2020470,4 k €↑
2019
Annual accounts 2019370,5 k €↑
2018
Annual accounts 2018159,9 k €↓
2017
Annual accounts 2017167,8 k €↑
2016
Annual accounts 201687,1 k €↓
2015
Annual accounts 201593,5 k €↑
2014
Annual accounts 201460,6 k €↑
2013
Annual accounts 201342,1 k €↓
2012
Annual accounts 201259,3 k €↓
2011
Annual accounts 201163,6 k €↓
2010
Annual accounts 201084,1 k €↑
2009
Annual accounts 200927,4 k €↑
2007
Annual accounts 200724,7 k €
17/01/2006
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

RED HAT

Overview

What does RED HAT do?

Trend over 19 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