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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 18 to 16.
Financials
Financial year 2025
OPTION from Leuven, company number BE0429375448, closed financial year 2025 with a result of € -4.6 million after tax. For that financial year OPTION recorded revenue of € 3.7 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -7 million to € -4.6 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 1.4 million
▼ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.6 million
▲ 34 % less loss than in 2024
Profit after tax over the fiscal year.
€ 24,034
▲ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4 million.
People and assets in 2025
16
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 1% vs 2024
€ 105,800 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.
Debts at end 2025
€ 2.1 million
▼ 55% vs 2024
€ 785,566 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.8 million
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 184 days on average.
€ 656,953
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,005,739 | € 3,748,612 | € 4,501,935 | € 3,688,746 | ▼ 18% |
| Profit after taxes | € -1,619,112 | € -2,770,078 | € -6,989,009 | € -4,632,478 | ▲ € 2.4 million |
| Equity | € 12,297,331 | € 9,496,729 | € 2,305,196 | € 1,383,194 | ▼ 40% |
| Total debts | € 11,390,180 | € 13,608,668 | € 11,825,165 | € 7,727,742 | ▼ 35% |
| Cash | € 12,548 | € 37,614 | € 12,784 | € 24,034 | ▲ 88% |
| Retained profit | € -7,326,546 | € -10,096,624 | € -17,085,633 | € -4,020,871 | ▲ € 13.1 million |
| Bank debt | € 4,933,534 | € 7,249,227 | € 4,693,203 | € 2,107,354 | ▼ 55% |
| Balance sheet total | € 23,748,756 | € 23,286,124 | € 14,337,250 | € 9,328,284 | ▼ 35% |
| Employees (FTE) | 20 | 18 | 16.6 | 16 | ▼ 0.6 |
Key figures of OPTION, fiscal years 2022 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 OPTION?
What happened at OPTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Van Zele Holding nv stepped down as director. NBB
- Nick Vermeersch stepped down as director. NBB
- Geistesblizz GmbH stepped down as director. NBB
- Michiels Invest & Management bv stepped down as director. NBB
- Dandu Satyanarayana Raju stepped down as director. NBB
- Luc Boedt stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.6 million. Source: NBB ↗
- Nick Vermeersch became a director. NBB
In short
From € 1.6 million loss in 2022 to € 4.6 million loss in 2025.
Paid € 10,270 in corporate taxes since 2022.
Pays suppliers within 184 days on average.
Management
The stake of ZELCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
OPTIONThe shares are held by Float Free (52.9%), Van Zele Holding (37.7%), GM-Invest (5.3%), Danlaw Inc (4.1%) and ZELCO (2%). It owns 100% of Crescent Ventures and 49% of Remoticom Holding bv itself.
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Eric Van Zele
Also active at: SECURITAS, BUSINESS LANGUAGE AND COMMUNICATION CENTRE, Trust1Team, uest, CRESCENT VENTURES, AARDINGEN MARO
since 2019 · until 2031
since 2025 · until 2031
Geistesblizz GmbH
Director · represented by Eva Wimmers
since 2025 · until 2031
Michiels Invest & Management bv
Director · represented by Johan Michiels
since 2019 · until 2031
Dandu Satyanarayana Raju
Director
since 2019 · until 2031
Luc Boedt
Director
since 2022 · until 2031
Shareholders
Participations
100%
Remoticom Holding bv
49%
Establishments
Establishment units
Physical locations of this company
Geldenaaksebaan 329
3001 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
Self-hosted
Hosting
ANYIT-CONNECTIONS-AS Any-iT Connections, NL
Domain
Domain
option.com
Registered
1996-07-03
Registrar
The Registrar Company B.V.
Expires
2026-07-02
Website info
Features
Security
Network
Details
- Company number
- 0429.375.448
- VAT number
- BE 0429.375.448
- Registered office
- Geldenaaksebaan 329, 3001 Leuven
- Names & denominations
- OPTION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 1986
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- option.com
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