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 4.8 to 2.9.
-
Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PROGRAMMADS from Watermaal-Bosvoorde, company number BE0840247256, closed financial year 2025 with a result of € 374,579 after tax. For that financial year PROGRAMMADS recorded a gross margin of € 1.3 million and equity of € 562,976. Compared with financial year 2024, the result moved from € 425,874 to € 374,579. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 562,976
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 374,579
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 3 million
▲ 274% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
80 % of the profit went to the shareholders, mostly to VIRTUOLOGY INTERNATIONAL (100 % of the shares). That is where the money ends up.
People and assets in 2025
2.9
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 255,182
▼ 6% vs 2024
€ 88,000 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
€ 113,731
▲ 170% vs 2024
Loans from banks and other lenders, long and short.
€ 14.3 million
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 319,027
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 561,378 | € 240,382 | € 1,006,434 | € 1,324,545 | ▲ 32% |
| Profit after taxes | € 223,727 | € -50,770 | € 425,874 | € 374,579 | ▼ 12% |
| Equity | € 365,095 | € 313,342 | € 488,397 | € 562,976 | ▲ 15% |
| Total debts | € 3,922,611 | € 6,906,914 | € 14,469,967 | € 15,962,308 | ▲ 10% |
| Cash | € 1,451,349 | € 1,815,697 | € 795,196 | € 2,977,705 | ▲ 274% |
| Retained profit | € 353,294 | € 302,523 | € 478,397 | € 552,976 | ▲ 16% |
| Dividend | € 0 | € 0 | € 250,000 | € 300,000 | ▲ 20% |
| Bank debt | € 14,148 | € 16,956 | € 42,097 | € 113,731 | ▲ 170% |
| Balance sheet total | € 4,288,307 | € 7,220,529 | € 14,958,364 | € 16,525,284 | ▲ 10% |
| Employees (FTE) | 5.6 | 4.8 | 3.4 | 2.9 | ▼ 0.5 |
Key figures of PROGRAMMADS, 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 PROGRAMMADS?
What happened at PROGRAMMADS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 374,579 (▼ 12% vs 2024). Source: NBB ↗
- Weegoo SRL became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 223,727 profit in 2022 to € 374,579 profit in 2025.
Paid € 358,015 in corporate taxes since 2022.
Best year ever: 2024, with € 425,874 profit.
On average € 456,700 of value added per employee in 2025.
A new publication or filing at PROGRAMMADS? 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
The stake of VIRTUOLOGY INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROGRAMMADSBehind PROGRAMMADS is Weegoo SRL. The shares are held by VIRTUOLOGY INTERNATIONAL (100%).
Directors
According to the 2025 annual accounts
since 2018
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 25 box 5
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
All companies at this address →Unibra
€ 3.7 million revenue · 2025
Coopérative U.P.B.
SOCIÉTE DU GARNISTEAU
€ 51,409 gross margin · 2025
La Garantie Belge
LA MUTUELLE PATRONALE (A.A.M. CONTRE LES RISQUES DECOULANT DE LA LEGISLATION RELATIVE AU SALAIRE GARANTI)
+77 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0840.247.256
- VAT number
- BE 0840.247.256
- Registered office
- Vorstlaan 25 bus 5, 1170 Watermaal-Bosvoorde
- Names & denominations
- PROGRAMMADS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 2011
- Peppol
- Active · Active since 9 Jun 2026
- Activities · NACE
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