Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 30.6 to 24.1.
Financials
Financial year 2025
Nitro Software Belgium from Antwerpen, company number BE0467046486, closed financial year 2025 with a result of € 3.2 million after tax. For that financial year Nitro Software Belgium recorded a gross margin of € 5.9 million and equity of € 10.6 million. Compared with financial year 2024, the result moved from € 4 million to € 3.2 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 10.6 million
▲ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.2 million
▼ 20% vs 2024
Profit after tax over the fiscal year.
€ 436,508
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 867,892.
People and assets in 2025
24.1
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▼ 4% vs 2024
€ 122,600 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.
€ 8,472
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 721
▼ 96% vs 2024
Loans from banks and other lenders, long and short.
€ 6.4 million
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 782,646
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 410,295 | € 3,806,902 | € 7,122,406 | € 5,943,094 | ▼ 17% |
| Profit after taxes | € -3,642,864 | € -696,939 | € 3,988,382 | € 3,203,184 | ▼ 20% |
| Equity | € 4,070,531 | € 3,373,591 | € 7,361,973 | € 10,565,157 | ▲ 44% |
| Total debts | € 7,808,612 | € 5,975,970 | € 9,494,680 | € 11,940,197 | ▲ 26% |
| Cash | € 4,158,089 | € 304,763 | € 725,297 | € 436,508 | ▼ 40% |
| Retained profit | € -5,626,735 | € -6,323,674 | € -2,335,292 | € 867,892 | ▲ € 3.2 million |
| Bank debt | € 0 | € 891 | € 19,439 | € 721 | ▼ 96% |
| Balance sheet total | € 11,879,143 | € 9,349,561 | € 16,856,653 | € 22,505,354 | ▲ 34% |
| Employees (FTE) | 37.4 | 30.6 | 28.1 | 24.1 | ▼ 4 |
Key figures of Nitro Software Belgium, 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 Nitro Software Belgium?
What happened at Nitro Software Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cormac Whelan stepped down as director. NBB
- David Andreasson stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.2 million (▼ 20% vs 2024). filed late Source: NBB ↗
- Cormac Whelan became a director. NBB
- David Andreasson became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.6 million loss in 2022 to € 3.2 million profit in 2025.
Paid € 236,686 in corporate taxes since 2022.
Best year ever: 2024, with € 4 million profit.
On average € 246,600 of value added per employee in 2025.
A new publication or filing at Nitro Software Belgium? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Nitro Software France SAS itself.
Directors
According to the 2025 annual accounts
Cormac Whelan
Managing director
since 2024 · until 2030
David Andreasson
Managing director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Wapenstraat 14 box 301
2000 Antwerpen
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.
Details
- Company number
- 0467.046.486
- VAT number
- BE 0467.046.486
- Registered office
- Wapenstraat 14 bus 301, 2000 Antwerpen
- Names & denominations
- Nitro Software Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 October 1999
- Peppol
- Active · Active since 8 Jul 2025
- Contact
- gonitro.com [email protected]
- Activities · NACE
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