ACTIVE

Objectway

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Financial year 2025 · closed on 30/06/2025

Net result

16 k €

-98.7% YoY

Revenue

13,2 M €

-3.6% YoY

Equity

2,1 M €

+0.8% YoY

Workforce

36,7 ETP

-7.6% YoY

What does Objectway do?

Objectway is a Public limited company incorporated in 2006. Its main activity is: Computer programming activities. Its registered office is in Mechelen. It employs on average 36,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0881.564.110

Incorporation

23/05/2006

Legal form

Public limited company

Registered office

Zandvoortstraat 45C
2800 Mechelen · FlandreSee on map

Contributed capital

1 500 000,00 €

Latest accounts

30/06/2025

Average workforce

36,7 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 EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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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
Revenue	13,2 M €	-3.6%	13,7 M €	+27.0%	10,8 M €	+7.9%	10 M €	-10.9%	11,2 M €	-2.2%	11,5 M €	-6.9%	12,3 M €	+15.0%	10,7 M €	+28.0%	8,4 M €	-13.4%	9,7 M €	+30.8%	7,4 M €	+35.2%	5,5 M €	+109%	2,6 M €	-44.4%	4,7 M €	-43.3%	8,3 M €	-12.2%	9,5 M €	-4.1%	9,9 M €	+16.3%	8,5 M €	+2.4%	8,3 M €	+126%	3,7 M €
EBITDA	488,7 k €	-64.1%	1,4 M €	+206%	444,8 k €	-61.7%	1,2 M €	-39.8%	1,9 M €	+35.0%	1,4 M €	-32.1%	2,1 M €	+41.4%	1,5 M €	+11.6%	1,3 M €	+0.7%	1,3 M €	-16.2%	1,6 M €	+114%	737,8 k €	+212%	-661,1 k €	+72.2%	-2,4 M €	-375%	863,5 k €	-7.0%	928,6 k €	-41.0%	1,6 M €	+273%	-908,4 k €	-180%	1,1 M €	+36.8%	833,7 k €
Operating result	87,6 k €	-92.1%	1,1 M €	+258%	307,8 k €	-52.6%	649,2 k €	-45.3%	1,2 M €	+116%	549,6 k €	-51.5%	1,1 M €	+90.6%	594,9 k €	-33.5%	894,3 k €	-12.6%	1 M €	-29.3%	1,4 M €	+109%	692,1 k €	+172%	-962,4 k €	+71.2%	-3,3 M €	-218%	-1,1 M €	-412%	-205,2 k €	-132%	634,8 k €	+147%	-1,4 M €	-238%	984,4 k €	+121%	444,6 k €
Net result	16 k €	-98.7%	1,2 M €	+899%	120 k €	-85.3%	815 k €	-2.4%	835,3 k €	+70.5%	489,8 k €	-50.5%	989,3 k €	+84.1%	537,3 k €	-24.4%	710,6 k €	+23.7%	574,6 k €	-63.8%	1,6 M €	+143%	654,3 k €	+162%	-1 M €	+71.9%	-3,7 M €	-71.5%	-2,2 M €	-1620%	-126,2 k €	-137%	339,8 k €	+121%	-1,6 M €	-270%	968,2 k €	+186%	338,9 k €
Balance sheet
Equity	2,1 M €	+0.8%	2,1 M €	-12.4%	2,4 M €	+5.2%	2,3 M €	-34.0%	3,5 M €	+0.6%	3,5 M €	+17.0%	3 M €	-14.7%	3,5 M €	+18.3%	2,9 M €	+31.9%	2,2 M €	+34.8%	1,7 M €	+103%	812,4 k €	+414%	158,1 k €	+168%	-232,7 k €	+87.3%	-1,8 M €	-644%	337,1 k €	-27.2%	463,4 k €	+275%	123,6 k €	-93.0%	1,8 M €	-11.6%	2 M €
Total assets	7 M €	-19.3%	8,7 M €	-5.1%	9,2 M €	+3.4%	8,9 M €	+4.7%	8,5 M €	+11.4%	7,6 M €	-21.5%	9,7 M €	+18.9%	8,2 M €	+6.6%	7,7 M €	+26.4%	6,1 M €	+18.7%	5,1 M €	+57.5%	3,2 M €	+22.4%	2,6 M €	+91.6%	1,4 M €	-59.8%	3,4 M €	-47.5%	6,6 M €	-2.0%	6,7 M €	-14.6%	7,8 M €	+1.0%	7,8 M €	+18.2%	6,6 M €
Cash	2,2 M €	-24.3%	2,9 M €	-8.7%	3,2 M €	+0.4%	3,2 M €	-42.3%	5,5 M €	+99.7%	2,8 M €	+11.2%	2,5 M €	+3.6%	2,4 M €	+43.4%	1,7 M €	-45.0%	3,1 M €	+127%	1,3 M €	+56.9%	855,5 k €	-36.9%	1,4 M €	+125%	603,2 k €	-5.6%	639 k €	+18.2%	540,7 k €	+10.9%	487,5 k €	+388%	99,9 k €	-94.8%	1,9 M €	-29.5%	2,7 M €
Debts	3,1 M €	-36.2%	4,9 M €	-5.0%	5,1 M €	+7.5%	4,8 M €	+34.5%	3,6 M €	+31.6%	2,7 M €	-49.2%	5,3 M €	+54.7%	3,4 M €	+43.4%	2,4 M €	+18.3%	2 M €	-2.2%	2,1 M €	+84.3%	1,1 M €	-11.3%	1,3 M €	-15.0%	1,5 M €	-71.8%	5,3 M €	-15.2%	6,2 M €	+10.1%	5,7 M €	-26.3%	7,7 M €	+59.0%	4,8 M €	+82.8%	2,6 M €
Other
Workforce	36,7 ETP	-7.6%	39,7 ETP	-5.3%	41,9 ETP	+4.0%	40,3 ETP	-2.7%	41,4 ETP	-3.9%	43,1 ETP	+4.1%	41,4 ETP	+5.1%	39,4 ETP	+1.3%	38,9 ETP	+9.0%	35,7 ETP	+25.3%	28,5 ETP	-1.4%	28,9 ETP	-18.6%	35,5 ETP	-15.1%	41,8 ETP	-14.7%	49,0 ETP	-8.1%	53,3 ETP	+3.1%	51,7 ETP	+17.5%	44,0 ETP	+24.6%	35,3 ETP	+19.7%	29,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 18 ended

Active mandates

David De Mey

Director · since 29 juillet 2024 · until 28 juillet 2026

Active

Kurt Vanhee

Director · since 27 novembre 2020 · until 27 novembre 2026

Active

Ended mandates

David De Mey

Director · since 26 juillet 2022 · until 26 juillet 2024

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 23 novembre 2021 · until 29 novembre 2024 · 0429.501.944

Represented by Bart Van Gompel (A02123)

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 23 novembre 2018 · until 23 novembre 2021 · 0429.501.944

Represented by Bart Van Gompel (A02123)

Ended

Alberto Cuccu

Director · since 01 août 2017 · until 26 juillet 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/06/2026	15/09/2025	30/11/2023	02/12/2022	30/11/2021	24/02/2023
General meeting	21/11/2025	29/11/2024	24/11/2023	25/11/2022	26/11/2021	27/11/2020
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

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	30/06/2025	21/11/2025	11/06/2026	Dutch	PDF
Full model	30/06/2025	21/11/2025	01/12/2025	Dutch	PDF
Full modelCorrection	30/06/2024	29/11/2024	15/09/2025	Dutch	PDF
Full model	30/06/2024	29/11/2024	03/12/2024	Dutch	PDF
Full model	30/06/2023	24/11/2023	30/11/2023	Dutch	PDF
Full model	30/06/2022	25/11/2022	02/12/2022	Dutch	PDF
Full model	30/06/2021	26/11/2021	30/11/2021	Dutch	PDF
Full modelCorrection	30/06/2020	27/11/2020	24/02/2023	Dutch	PDF
Full model	30/06/2020	27/11/2020	27/11/2020	Dutch	PDF
Full model	30/06/2019	29/11/2019	18/12/2019	Dutch	PDF
Full modelCorrection	30/06/2018	23/11/2018	18/12/2019	Dutch	PDF
Full model	30/06/2018	23/11/2018	28/12/2018	Dutch	PDF
Full model	30/06/2017	24/11/2017	28/11/2017	Dutch	PDF
Full model	30/06/2016	25/11/2016	28/11/2016	Dutch	PDF
Full model	30/06/2015	27/11/2015	09/12/2015	Dutch	PDF
Full model	30/06/2014	28/11/2014	02/12/2014	Dutch	PDF
Full model	30/06/2013	29/11/2013	03/12/2013	Dutch	PDF
Full model	31/12/2012	31/05/2013	03/06/2013	Dutch	PDF
Full model	31/12/2011	25/05/2012	29/05/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	30/06/2011	Dutch	PDF
Full model	31/12/2009	28/05/2010	09/06/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	17/07/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	25/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	27/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/06/2025 · 2 active · 18 ended

Active mandates

David De Mey

Director · since 29 juillet 2024 · until 28 juillet 2026

Active

Kurt Vanhee

Director · since 27 novembre 2020 · until 27 novembre 2026

Active

Ended mandates

David De Mey

Director · since 26 juillet 2022 · until 26 juillet 2024

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 23 novembre 2021 · until 29 novembre 2024 · 0429.501.944

Represented by Bart Van Gompel (A02123)

Ended

PricewaterhouseCoopers Reviseurs d'Entreprises

Auditor · since 23 novembre 2018 · until 23 novembre 2021 · 0429.501.944

Represented by Bart Van Gompel (A02123)

Ended

Alberto Cuccu

Director · since 01 août 2017 · until 26 juillet 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other18/09/2026
Verlenging bestuursmandaat, toewijzing bijzondere machten
PDF
Mandates28/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2022
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2021
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 202516 k €↓
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023120 k €↓
2022
Annual accounts 2022815 k €↓
2021
Annual accounts 2021835,3 k €↑
2020
Annual accounts 2020489,8 k €↓
2019
Annual accounts 2019989,3 k €↑
2018
Annual accounts 2018537,3 k €↓
2017
Annual accounts 2017710,6 k €↑
2016
Annual accounts 2016574,6 k €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014654,3 k €↑
2013
Annual accounts 2013-1 M €↑
2012
Annual accounts 2012-3,7 M €↓
2011
Annual accounts 2011-2,2 M €↓
2010
Annual accounts 2010-126,2 k €↓
2009
Annual accounts 2009339,8 k €↑
2008
Annual accounts 2008-1,6 M €↓
2007
Annual accounts 2007968,2 k €↑
2006
Annual accounts 2006338,9 k €
23/05/2006
IncorporationPublic 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

Objectway

Overview

What does Objectway 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