ACTIVE

CARTAMUNDI DIGITAL

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Financial year 2025 · closed on 31/12/2025

Net result

-12,7 k €

-218.4% YoY

Revenue

1,4 M €

-0.3% YoY

Equity

353,9 k €

-3.5% YoY

Workforce

13,5 ETP

+0.7% YoY

What does CARTAMUNDI DIGITAL do?

CARTAMUNDI DIGITAL is a Public limited company incorporated in 2007. Its main activity is: Computer programming activities. Its registered office is in Gent. It employs on average 13,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.293.534

Incorporation

27/03/2007

Legal form

Public limited company

Registered office

Deinsesteenweg 108 box B
9031 Gent · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

13,5 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities 72600Scientific research and development

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	1,4 M €	-0.3%	1,4 M €	+0.6%	1,4 M €	+31.2%	1 M €	+12.2%	934,9 k €	-21.9%	1,2 M €	-10.8%	1,3 M €	+9.4%	1,2 M €	-10.6%	1,4 M €	-7.5%	1,5 M €	+3.7%	1,4 M €	+83.8%	778,6 k €		–		–		–		–		–
EBITDA	83,8 k €	-17.4%	101,5 k €	-37.3%	162 k €	+312%	-76,5 k €	-138%	200,9 k €	+86.4%	107,8 k €	-0.5%	108,3 k €	+332%	-46,6 k €	-148%	97,7 k €	-72.3%	352,1 k €	+41.5%	248,9 k €	+451%	-70,9 k €	-276%	40,3 k €	-22.3%	51,8 k €	-63.1%	140,3 k €	+95.1%	71,9 k €	-33.3%	107,8 k €
Operating result	-9,3 k €	-134%	27,1 k €	-72.0%	96,9 k €	+177%	-125,8 k €	-172%	174,4 k €	+434%	32,7 k €	-33.4%	49 k €	+153%	-92,6 k €	-293%	47,9 k €	-85.1%	321,7 k €	+39.7%	230,3 k €	+387%	-80,3 k €	-367%	30,1 k €	-20.8%	38 k €	-71.6%	133,8 k €	+104%	65,5 k €	-32.7%	97,3 k €
Net result	-12,7 k €	-218%	10,7 k €	-87.2%	84 k €	+168%	-122,7 k €	-193%	132 k €	+236%	39,3 k €	-26.4%	53,4 k €	+152%	-102 k €	-268%	60,7 k €	-80.4%	309,7 k €	+42.7%	217,1 k €	+396%	-73,3 k €	-424%	22,6 k €	-8.6%	24,8 k €	-76.2%	104 k €	+82.3%	57,1 k €	+0.7%	56,7 k €
Balance sheet
Equity	353,9 k €	-3.5%	366,6 k €	+3.0%	355,8 k €	+30.9%	271,8 k €	-12.5%	310,7 k €	+73.9%	178,7 k €	+28.2%	139,4 k €	+62.1%	86 k €	-54.3%	188 k €	+47.7%	127,3 k €	+8.3%	117,5 k €	+17.0%	100,4 k €	-37.8%	161,4 k €	+16.3%	138,7 k €	+21.7%	113,9 k €	+128%	49,9 k €	+288%	12,9 k €
Total assets	548,8 k €	-5.7%	582,1 k €	-6.3%	621,6 k €	+24.7%	498,4 k €	-6.4%	532,4 k €	-26.4%	723,7 k €	-22.1%	928,5 k €	+30.1%	713,9 k €	-14.6%	835,9 k €	+1.8%	821,2 k €	-7.1%	884,3 k €	+147%	358,3 k €	+18.3%	303 k €	+13.6%	266,7 k €	-22.2%	342,8 k €	+74.0%	197,1 k €	+81.2%	108,8 k €
Cash	3,7 k €	+0.7%	3,7 k €	+0.7%	3,7 k €	+0.4%	3,7 k €	+0.3%	3,7 k €	0.0%	3,7 k €	+0.1%	3,7 k €	+5.5%	3,5 k €	0.0%	3,5 k €	0.0%	3,5 k €	-0.0%	3,5 k €	-42.5%	6 k €	-96.5%	173,4 k €	+771%	19,9 k €	-67.7%	61,6 k €	+1680%	3,5 k €	-81.6%	18,8 k €
Debts	195 k €	-9.6%	215,6 k €	-13.9%	250,3 k €	+10.9%	225,7 k €	+15.2%	195,9 k €	-26.1%	264,9 k €	+6.4%	249,1 k €	-12.5%	284,8 k €	-37.5%	456 k €	-23.1%	592,8 k €	+4.2%	568,7 k €	+123%	255,5 k €	+80.4%	141,6 k €	+10.7%	127,9 k €	-44.1%	228,9 k €	+55.6%	147,1 k €	+53.4%	95,9 k €
Other
Workforce	13,5 ETP	+0.7%	13,4 ETP	-0.7%	13,5 ETP	-4.3%	14,1 ETP	-3.4%	14,6 ETP	-11.0%	16,4 ETP	0.0%	16,4 ETP	-1.2%	16,6 ETP	-9.3%	18,3 ETP	-5.7%	19,4 ETP	-4.9%	20,4 ETP	+29.9%	15,7 ETP	+18.0%	13,3 ETP	+29.1%	10,3 ETP	-9.6%	11,4 ETP	+22.6%	9,3 ETP	+182%	3,3 ETP

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 · 3 active · 14 ended

Active mandates

Katja Isselé

Director · since 05 mai 2025 · until 02 mai 2028

Active

Bart Van Genechten

Director · since 02 mai 2023 · until 04 mai 2026

Active

Wilfried Aendekerk

Chairman of the board of directors · since 02 mai 2023 · until 04 mai 2026

Active

Ended mandates

Katja Isselé

Director · since 02 mai 2022 · until 05 mai 2025

Ended

Katja Isselé

Director · since 02 mai 2022 · until 06 mai 2025

Ended

Steven Nietvelt

Director · since 09 mai 2019 · until 06 mai 2025

Ended

Istvan Lagaert

Chairman of the board of directors · since 06 mai 2019 · until 06 mai 2025

Ended

At this address

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DE PRODUCTIEPARTNERS● Active	0695.642.428
Flanders Tax Shelter● Active	0600.972.012
RJ Belgium Consulting● Active	0507.743.728
WENGLOR● Active	0447.310.253

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	01/01/2025	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	01/06/2026	02/06/2025	29/05/2024	15/05/2023	17/05/2022	31/05/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/05/2026	01/06/2026	Dutch	PDF
Full model	31/12/2024	05/05/2025	02/06/2025	Dutch	PDF
Full model	31/12/2023	06/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2022	02/05/2023	15/05/2023	Dutch	PDF
Full model	31/12/2021	02/05/2022	17/05/2022	Dutch	PDF
Full model	31/12/2020	03/05/2021	31/05/2021	Dutch	PDF
Full model	31/12/2019	04/05/2020	02/06/2020	Dutch	PDF
Full model	31/12/2018	06/05/2019	04/06/2019	Dutch	PDF
Full model	31/12/2017	07/05/2018	05/06/2018	Dutch	PDF
Full model	31/12/2016	02/05/2017	30/05/2017	Dutch	PDF
Full model	31/12/2015	03/05/2016	02/06/2016	Dutch	PDF
Full model	31/12/2014	04/05/2015	03/06/2015	Dutch	PDF
Full model	31/12/2013	05/05/2014	06/06/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	05/06/2013	Dutch	PDF
Abridged model	31/12/2011	13/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	18/06/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	04/06/2009	Dutch	PDF

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 · 3 active · 14 ended

Active mandates

Katja Isselé

Director · since 05 mai 2025 · until 02 mai 2028

Active

Bart Van Genechten

Director · since 02 mai 2023 · until 04 mai 2026

Active

Wilfried Aendekerk

Chairman of the board of directors · since 02 mai 2023 · until 04 mai 2026

Active

Ended mandates

Katja Isselé

Director · since 02 mai 2022 · until 05 mai 2025

Ended

Katja Isselé

Director · since 02 mai 2022 · until 06 mai 2025

Ended

Steven Nietvelt

Director · since 09 mai 2019 · until 06 mai 2025

Ended

Istvan Lagaert

Chairman of the board of directors · since 06 mai 2019 · until 06 mai 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other17/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2022
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 2025-12,7 k €↓
2024
Annual accounts 202410,7 k €↓
2023
Annual accounts 202384 k €↑
2022
Annual accounts 2022-122,7 k €↓
2020
Annual accounts 2020132 k €↑
2019
Annual accounts 201939,3 k €↓
2018
Annual accounts 201853,4 k €↑
2017
Annual accounts 2017-102 k €↓
2016
Annual accounts 201660,7 k €↓
2015
Annual accounts 2015309,7 k €↑
2014
Annual accounts 2014217,1 k €↑
2013
Annual accounts 2013-73,3 k €↓
2012
Annual accounts 201222,6 k €↓
2011
Annual accounts 201124,8 k €↓
2010
Annual accounts 2010104 k €↑
2009
Annual accounts 200957,1 k €↑
2008
Annual accounts 200856,7 k €
27/03/2007
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

CARTAMUNDI DIGITAL

Overview

What does CARTAMUNDI DIGITAL do?

Trend over 17 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