ACTIVE

Way of Thinking

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Financial year 2025 · Closed on 30/09/2025

Net result120,3 k €+114,4 %over 1 year
Gross margin232,4 k €+79,7 %over 1 year
Equity348,5 k €+31,7 %over 1 year

Identity

Source · BCE/KBO

Way of Thinking is a Private limited company incorporated in 2007. Its main activity is: Computer programming activities. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0889.731.807
Incorporation
30/05/2007
Legal form
Private limited company
Registered office
Eendrachtstraat 101
9000 Gent · FlandreSee on map
Contributed capital
82 200,00 €
Latest accounts
30/09/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 18 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin232,4 k €129,3 k €88,8 k €67,8 k €74,6 k €
EBITDA225,9 k €122,6 k €72,4 k €54,6 k €65,4 k €
Operating result208 k €103,9 k €-14 k €46,8 k €58,6 k €
Net result120,3 k €56,1 k €-53,7 k €27 k €35,4 k €
Balance sheet
Equity348,5 k €264,5 k €208,4 k €276,8 k €309,5 k €
Total assets1,1 M €1,1 M €1,1 M €678,3 k €685 k €
Cash104,8 k €55,9 k €29,8 k €77,2 k €131,1 k €
Debts794,2 k €828 k €848,3 k €397,6 k €371 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 6 ended

Active mandates

Els Ceulemans

Director · since 07 septembre 2023

Active
Thierry de Pauw

Director · since 07 septembre 2023

Active

Ended mandates

Els Ceulemans

Manager · since 22 mai 2007

Ended
Thierry de Pauw

Manager · since 22 mai 2007

Ended
Els Ceulemans

Director

Ended
Els Ceulemans

Manager

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/04/202625/04/202510/04/202403/04/202325/04/202228/04/2021
General meeting20/03/202631/03/202515/03/202417/03/202331/03/202231/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202520/03/202617/04/2026DutchPDF
Micro model30/09/202431/03/202525/04/2025DutchPDF
Micro model30/09/202315/03/202410/04/2024DutchPDF
Micro model30/09/202217/03/202303/04/2023DutchPDF
Micro model30/09/202131/03/202225/04/2022DutchPDF
Micro model30/09/202031/03/202128/04/2021DutchPDF
Micro model30/09/201920/03/202017/04/2020DutchPDF
Micro model30/09/201815/03/201928/03/2019DutchPDF
Micro model30/09/201716/03/201804/04/2018DutchPDF
Abridged model30/09/201617/03/201720/03/2017DutchPDF
Abridged model30/09/201518/03/201631/03/2016DutchPDF
Abridged model30/09/201420/03/201523/03/2015DutchPDF
Abridged model30/09/201321/03/201402/04/2014DutchPDF
Abridged model30/09/201215/03/201315/03/2013DutchPDF
Abridged model30/09/201131/03/201224/04/2012DutchPDF
Abridged model30/09/201018/03/201129/03/2011DutchPDF
Abridged model30/09/200919/03/201019/03/2010DutchPDF
Abridged model30/09/200820/03/200920/03/2009DutchPDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 6 ended

Active mandates

Els Ceulemans

Director · since 07 septembre 2023

Active
Thierry de Pauw

Director · since 07 septembre 2023

Active

Ended mandates

Els Ceulemans

Manager · since 22 mai 2007

Ended
Thierry de Pauw

Manager · since 22 mai 2007

Ended
Els Ceulemans

Director

Ended
Els Ceulemans

Manager

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates19/09/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares06/10/2015
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares08/10/2010
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office23/06/2010
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other07/06/2007
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025120,3 k €↑
  2. 2024
    Annual accounts 202456,1 k €↑
  3. 2023
    Annual accounts 2023-53,7 k €↓
  4. 2022
    Annual accounts 202227 k €↓
  5. 2021
    Annual accounts 202135,4 k €↑
  6. 2020
    Annual accounts 202034,3 k €↑
  7. 2019
    Annual accounts 201929,1 k €↑
  8. 2018
    Annual accounts 201810,2 k €↓
  9. 2017
    Annual accounts 201714,8 k €↓
  10. 2016
    Annual accounts 201615,3 k €↓
  11. 2015
    Annual accounts 201515,8 k €↓
  12. 2014
    Annual accounts 201416,1 k €↓
  13. 2013
    Annual accounts 201317,8 k €↑
  14. 2012
    Annual accounts 2012-17,3 €↓
  15. 2011
    Annual accounts 20119,8 k €↑
  16. 2010
    Annual accounts 2010-4,4 k €↓
  17. 2009
    Annual accounts 20091,8 k €↓
  18. 2008
    Annual accounts 200845,1 k €
  19. 30/05/2007
    IncorporationPrivate limited company