Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ILIAS SOLUTIONS from Machelen (Brab.), company number BE0405937080, closed financial year 2025 with a result of € 6.6 million after tax. For that financial year ILIAS SOLUTIONS recorded revenue of € 43.7 million and equity of € 5.4 million. Compared with financial year 2025, the result moved from € 3.6 million to € 6.6 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 5.4 million
▼ 39% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.6 million
▲ 82% vs 2025
Profit after tax over the fiscal year.
€ 955,009
▲ 81% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 10 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
30.6
▼ 0.4 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▼ 9% vs 2025
€ 104,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 279,404
▲ 4% vs 2025
Of which on lease € 131,013.
Debts at end 2025
€ 753,915
▼ 88% vs 2025
€ 51,520 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3.1 million
▼ 68% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 1.2 million
▲ 46% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2025 | Change 2025 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,364,198 | € 27,847,568 | € 40,513,481 | € 43,732,211 | ▲ 8% |
| Profit after taxes | € 12,219 | € 2,550,695 | € 3,601,769 | € 6,560,884 | ▲ 82% |
| Equity | € 2,396,472 | € 4,993,781 | € 8,712,809 | € 5,357,233 | ▼ 39% |
| Total debts | € 14,908,725 | € 18,722,951 | € 34,592,995 | € 33,994,716 | ▼ 2% |
| Cash | € 265,784 | € 3,482,729 | € 527,768 | € 955,009 | ▲ 81% |
| Retained profit | € 1,311,498 | € 3,862,193 | € 7,463,962 | € 4,024,846 | ▼ 46% |
| Dividend | € 0 | € 0 | € 0 | € 10,000,000 | |
| Bank debt | € 4,000,950 | € 7,659,291 | € 6,207,701 | € 753,915 | ▼ 88% |
| Balance sheet total | € 17,611,221 | € 24,025,294 | € 43,640,451 | € 39,834,793 | ▼ 9% |
| Employees (FTE) | 27.3 | 31 | 31 | 30.6 | ▼ 0.4 |
Key figures of ILIAS SOLUTIONS, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ILIAS SOLUTIONS?
What happened at ILIAS SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kari Vertanen stepped down as director. NBB
- Pekka Ruutu stepped down as director. NBB
- Jussi Hynninen stepped down as director. NBB
- Kuijpers Gijsbert stepped down as director. NBB
- Petri Hepola stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.6 million (▲ 41% vs 2024). Source: NBB ↗
- Kari Vertanen became a director. NBB
- Pekka Ruutu became a director. NBB
In short
From € 12,219 profit in 2023 to € 6.6 million profit in 2025.
Paid € 4.8 million in corporate taxes since 2023.
Best year ever: 2025, with € 6.6 million profit.
Paid out € 10 million in dividends to the owners in total.
Management
The stake of BESTUUR EN COORDINATIE, WILDSCHUT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ILIAS SOLUTIONSThe shares are held by BESTUUR EN COORDINATIE (26.7%) and WILDSCHUT (10%). It owns 100% of ILIAS FEDERAL SOLUTIONS INC, 100% of ILIAS Lightning BE, 100% of NORTHERN VO, 100% of ILIAS A & D and 100% of Ilias APAC P TY LTD itself.
Directors
According to the 2025 annual accounts
Kari Vertanen
Director
since 2025 · until 2031
Pekka Ruutu
Director
since 2025 · until 2031
Jussi Hynninen
Director
since 2025 · until 2031
Kuijpers Gijsbert
Director
since 2019 · until 2031
Petri Hepola
Director
since 2025 · until 2031
Shareholders
26.7%
10%
Participations
100%
NORTHERN VO
100%
ILIAS A & D
100%
100%
Establishments
Establishment units
Physical locations of this company
Hermeslaan 1B
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
ilias-solutions.com
Registered
2005-09-21
Registrar
Combell NV
Expires
2026-09-21
Website info
Features
Security
Details
- Company number
- 0405.937.080
- VAT number
- BE 0405.937.080
- Registered office
- Hermeslaan 1B, 1831 Machelen (Brab.)
- Names & denominations
- ILIAS SOLUTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 March 1959
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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