ACTIVE

HYBRID Software Development

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Financial year 2025 · closed on 31/12/2025

Net result

-151,8 k €

+91.5% YoY

Revenue

13,5 M €

+24.8% YoY

Equity

10,4 M €

-1.4% YoY

Workforce

32,9 ETP

+8.9% YoY

What does HYBRID Software Development do?

HYBRID Software Development is a Public limited company incorporated in 2007. Its main activity is: Manufacture of computers and peripheral equipment. Its registered office is in Merelbeke-Melle. It employs on average 32,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.922.639

Incorporation

07/06/2007

Legal form

Public limited company

Registered office

Guldensporenpark 18
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

12 150 000,00 €

Latest accounts

31/12/2025

Average workforce

32,9 ETP

Activities (NACE)

26200Manufacture of computers and peripheral equipment· main 26200Manufacture of computers and peripheral equipment 30020Manufacture of other transport equipment 62010Computer programming activities 62100Computer programming, consultancy and related activities 62010Computer programming activities+2

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	13,5 M €	+24.8%	10,8 M €	+0.7%	10,8 M €	-4.1%	11,2 M €	+11.5%	10,1 M €	+170%	3,7 M €		–		–		–		–		–		–		191,6 k €		–		–		–		–
EBITDA	4,8 M €	+19.0%	4,0 M €	-11.9%	4,6 M €	+11.6%	4,1 M €	+104%	2,0 M €	+422%	384,1 k €	+27.8%	300,6 k €	-2.9%	309,5 k €	+3436%	8,8 k €	+105%	-166,6 k €	-11.3%	-149,7 k €	+26.1%	-202,7 k €	-7722%	-2,6 k €	-103%	74,9 k €	+1976%	3,6 k €	-90.0%	36,1 k €	+144%	-81,8 k €
Operating result	-507,2 k €	+58.7%	-1,2 M €	-343%	506,1 k €	+23.6%	409,5 k €	+736%	-64,4 k €	-145%	143,6 k €	-35.9%	223,9 k €	-22.4%	288,7 k €	+6781%	4,2 k €	+102%	-168,2 k €	-11.5%	-150,8 k €	+26.0%	-203,8 k €	-1977%	-9,8 k €	-117%	58,7 k €	+565%	-12,6 k €	-162%	20,2 k €	+121%	-97,4 k €
Net result	-151,8 k €	+91.5%	-1,8 M €	-3182%	57,7 k €	-46.7%	108,4 k €	+286%	-58,4 k €	-181%	71,8 k €	-47.2%	136,0 k €	-50.0%	272,3 k €	+1079%	-27,8 k €	+85.8%	-196,2 k €	-15.5%	-169,8 k €	+18.0%	-207,0 k €	-1503%	-12,9 k €	-124%	53,7 k €	+419%	-16,8 k €	-197%	17,3 k €	+118%	-93,8 k €
Balance sheet
Equity	10,4 M €	-1.4%	10,6 M €	-14.4%	12,4 M €	+0.5%	12,3 M €	+0.9%	12,2 M €	-0.5%	12,3 M €	+6461%	187,0 k €	+186%	-217,4 k €	+55.6%	-489,6 k €	-6.0%	-461,8 k €	-73.9%	-265,6 k €	-177%	-95,8 k €	-186%	111,2 k €	-10.4%	124,1 k €	+76.3%	70,4 k €	-19.3%	87,2 k €	+24.7%	70,0 k €
Total assets	20,2 M €	-6.6%	21,6 M €	-13.1%	24,8 M €	-13.8%	28,8 M €	+12.2%	25,7 M €	+76.4%	14,6 M €	+1295%	1,0 M €	+61.3%	646,8 k €	+90.0%	340,5 k €	+34.3%	253,4 k €	+16.1%	218,3 k €	+119%	99,5 k €	-43.6%	176,4 k €	-2.1%	180,2 k €	+41.7%	127,2 k €	-12.4%	145,2 k €	+70.7%	85,1 k €
Cash	334,7 k €	+58.1%	211,8 k €	-39.1%	347,7 k €	+437%	64,7 k €	-81.4%	347,4 k €	+88.3%	184,5 k €	+48.9%	123,9 k €	-72.1%	444,3 k €	+794%	49,7 k €	+42.7%	34,8 k €	+22.2%	28,5 k €	-19.8%	35,5 k €	-68.9%	114,4 k €	+50.9%	75,8 k €	+41.5%	53,6 k €	-8.8%	58,8 k €	+212%	18,8 k €
Debts	7,3 M €	-22.6%	9,4 M €	-16.4%	11,3 M €	-28.5%	15,8 M €	+23.7%	12,8 M €	+690%	1,6 M €	+238%	478,2 k €	+65.5%	289,0 k €	-64.3%	809,0 k €	+18.7%	681,7 k €	+45.3%	469,1 k €	+144%	192,0 k €	+195%	65,1 k €	+17.9%	55,2 k €	-1.2%	55,9 k €	-3.6%	58,0 k €	+283%	15,1 k €
Other
Workforce	32,9 ETP	+8.9%	30,2 ETP	+7.5%	28,1 ETP	+10.2%	25,5 ETP	+12.3%	22,7 ETP	+20.1%	18,9 ETP	+2.7%	18,4 ETP	+32.4%	13,9 ETP	+363%	3,0 ETP	+7.1%	2,8 ETP	+40.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	+500%	0,3 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

P.C. SOLUTIONS

Director · since 25 avril 2024 · until 26 avril 2029 · 0458.494.452

Represented by Patrick Coussement

Active

BELLEVARDE FINANCIAL

Managing director · since 17 mai 2023 · until 26 avril 2029 · 0675.456.134

Represented by Joachim Van Hemelen

Active

POWERGRAPH

Managing director · since 17 mai 2023 · until 26 avril 2029 · 0454.469.744

Represented by Guido Van der Schueren

Active

Ended mandates

P.C. SOLUTIONS

Director · since 25 juin 2021 · until 25 juin 2024 · 0458.494.452

Represented by Patrick Coussement

Ended

BELLEVARDE FINANCIAL

Managing director · since 06 septembre 2017 · until 27 avril 2023 · 0675.456.134

Represented by Joachim Van Hemelen

Ended

BELLEVARDE FINANCIAL

Managing director · since 06 septembre 2017 · until 27 avril 2023 · 0675.456.134

Represented by Van Hemelen Joachim

Ended

BELLEVARDE FINANCIAL

Managing director · since 06 septembre 2017 · until 05 septembre 2023 · 0675.456.134

Represented by Van Hemelen Joachim

Ended

At this address

Other companies at this address

Company	CBE no.
Designboard● Bankrupt	0871.636.654
Hybrid Software● Active	0839.161.252
HYBRID Software BrandZ● Active	0407.173.138

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	17/07/2026	24/07/2025	22/05/2024	05/06/2023	05/08/2022	15/07/2021
General meeting	19/06/2026	30/06/2025	25/04/2024	17/05/2023	20/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	25/04/2024	22/05/2024	Dutch	PDF
Full model	31/12/2022	17/05/2023	05/06/2023	Dutch	PDF
Full model	31/12/2021	20/06/2022	05/08/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	15/07/2021	Dutch	PDF
Abridged modelCorrection	31/12/2019	26/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	25/04/2019	29/04/2019	Dutch	PDF
Abridged model	31/12/2017	26/04/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	17/05/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/05/2016	17/05/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	14/06/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	08/06/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/05/2008	31/07/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 25 ended

Active mandates

P.C. SOLUTIONS

Director · since 25 avril 2024 · until 26 avril 2029 · 0458.494.452

Represented by Patrick Coussement

Active

BELLEVARDE FINANCIAL

Managing director · since 17 mai 2023 · until 26 avril 2029 · 0675.456.134

Represented by Joachim Van Hemelen

Active

POWERGRAPH

Managing director · since 17 mai 2023 · until 26 avril 2029 · 0454.469.744

Represented by Guido Van der Schueren

Active

Ended mandates

P.C. SOLUTIONS

Director · since 25 juin 2021 · until 25 juin 2024 · 0458.494.452

Represented by Patrick Coussement

Ended

BELLEVARDE FINANCIAL

Managing director · since 06 septembre 2017 · until 27 avril 2023 · 0675.456.134

Represented by Joachim Van Hemelen

Ended

BELLEVARDE FINANCIAL

Managing director · since 06 septembre 2017 · until 27 avril 2023 · 0675.456.134

Represented by Van Hemelen Joachim

Ended

BELLEVARDE FINANCIAL

Managing director · since 06 septembre 2017 · until 05 septembre 2023 · 0675.456.134

Represented by Van Hemelen Joachim

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates22/10/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2017
BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/10/2014
MAATSCHAPPELIJKE ZETEL
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 2025-151,8 k €↑
2024
Annual accounts 2024-1,8 M €↓
2023
Annual accounts 202357,7 k €↓
2022
Annual accounts 2022108,4 k €↑
2021
Annual accounts 2021-58,4 k €↓
2020
Annual accounts 202071,8 k €↓
2019
Annual accounts 2019136,0 k €↓
2017
Annual accounts 2017272,3 k €↑
2017
Name changeHYBRID Software Development
2016
Annual accounts 2016-27,8 k €↑
2015
Annual accounts 2015-196,2 k €↓
2014
Annual accounts 2014-169,8 k €↑
2013
Annual accounts 2013-207,0 k €↓
2012
Annual accounts 2012-12,9 k €↓
2011
Annual accounts 201153,7 k €↑
2010
Annual accounts 2010-16,8 k €↓
2009
Annual accounts 200917,3 k €↑
2008
Annual accounts 2008-93,8 k €
2008
Name changeNiXPS
07/06/2007
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

HYBRID Software Development

Overview

What does HYBRID Software Development 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