14Value
ActiveSummary
14Value has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118,278 and a net result of €115,278. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.64 against 9.65 in 2024; short-term debt: 22.4% and cash: 20.8% of total assets), and 22.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.6%
Return on assets
75.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
56 d early
2022
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 52 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€118,278▼ 37.0%
2024 · €187,780
Total assets
€152,491▼ 26.5%
2024 · €207,545
Net result
€115,278▲ 50.1%
2024 · €76,799
Working capital
€90,398▼ 47.1%
2024 · €170,924
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€76,124-€66,809▼ 12.2%€100,414▲ 50.3%€153,269▲ 52.6%
Net result€59,550above the sector's middle half-€50,831above the sector's middle half▼ 14.6%€76,799above the sector's middle half▲ 51.1%€115,278above the sector's middle half▲ 50.1%
Equity€61,750within the sector's middle half-€111,781within the sector's middle half▲ 81.0%€187,780above the sector's middle half▲ 68.0%€118,278within the sector's middle half▼ 37.0%
Total assets€102,656within the sector's middle half-€133,671within the sector's middle half▲ 30.2%€207,545within the sector's middle half▲ 55.3%€152,491within the sector's middle half▼ 26.5%
Debt€40,906-€21,890▼ 46.5%€19,764▼ 9.7%€34,213▲ 73.1%
Working capital€58,919within the sector's middle half-€94,215within the sector's middle half▲ 59.9%€170,924above the sector's middle half▲ 81.4%€90,398within the sector's middle half▼ 47.1%
Solvency60.2%within the sector's middle half-83.6%above the sector's middle half▲ 23.5pp90.5%above the sector's middle half▲ 6.9pp77.6%within the sector's middle half▼ 12.9pp
Current ratio2.44within the sector's middle half-5.30above the sector's middle half▲ 2.869.65above the sector's middle half▲ 4.343.64within the sector's middle half▼ 6.01
Return on assets (ROA)58.0%above the sector's middle half-38.0%above the sector's middle half▼ 20.0pp37.0%above the sector's middle half▼ 1.0pp75.6%above the sector's middle half▲ 38.6pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,491
Fixed assets
€27,880 ▲ 65.4%
Current assets
€124,611 ▼ 34.7%
Equity and liabilities €152,491
Equity
€118,278 ▼ 37.0%
Debt
€34,213 ▲ 73.1%
Debt's share of the balance-sheet total rises from 9.5% to 22.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€156,906▲
2024 · €103,500
Cash flow
€118,915▲
2024 · €79,885
Debt to equity
0.29▲
2024 · 0.11
ROE
97.5%▲
2024 · 40.9%
Interest coverage
53.00▲
2024 · 38.68
Debt ≤ 1 year
€34,213▲
2024 · €19,764
Income taxes
€35,031▲
2024 · €20,938
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €492 | €2,292 | €3,086 | €3,637 | ▲ 17.9% |
| Other operating charges640/8 | €247 | €497 | €811 | €2,111 | ▲ 160% |
| Gross operating margin9900 | €76,863 | €69,598 | €104,310 | €159,017 | ▲ 52.4% |
| Operating profit (loss)9901 | €76,124 | €66,809 | €100,414 | €153,269 | ▲ 52.6% |
| Financial income75/76B | €0 | €0 | €0 | €1 | - |
| Recurring financial income75 | €0 | €0 | €0 | €1 | - |
| Financial charges65/66B | €58 | €1,297 | €2,676 | €2,961 | ▲ 10.6% |
| Recurring financial charges65 | €58 | €1,297 | €2,676 | €2,961 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | €76,066 | €65,513 | €97,737 | €150,309 | ▲ 53.8% |
| Income taxes67/77 | €16,516 | €14,682 | €20,938 | €35,031 | ▲ 67.3% |
| Profit (loss) for the period9904 | €59,550 | €50,831 | €76,799 | €115,278 | ▲ 50.1% |
| Profit (loss) for the period to be appropriated9905 | €59,550 | €50,831 | €76,799 | €115,278 | ▲ 50.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €102,656 | €133,671 | €207,545 | €152,491 | ▼ 26.5% |
| Fixed assets21/28 | €2,831 | €17,566 | €16,856 | €27,880 | ▲ 65.4% |
| Tangible fixed assets22/27 | €2,831 | €17,566 | €16,856 | €27,880 | ▲ 65.4% |
| Furniture and vehicles24 | €2,831 | €1,723 | €2,715 | €2,396 | ▼ 11.8% |
| Other tangible fixed assets26 | - | €15,843 | €14,140 | €25,484 | ▲ 80.2% |
| Current assets29/58 | €99,825 | €116,104 | €190,689 | €124,611 | ▼ 34.7% |
| Amounts receivable within one year40/41 | €18,356 | €28,707 | €20,179 | €86,510 | ▲ 329% |
| Trade receivables40 | €18,307 | €28,307 | €19,850 | €86,509 | ▲ 336% |
| Other amounts receivable41 | €49 | €400 | €329 | €1 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €79,153 | €82,671 | €163,956 | €31,679 | ▼ 80.7% |
| Deferred charges and accrued income490/1 | €2,317 | €4,726 | €6,554 | €6,422 | ▼ 2.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €102,656 | €133,671 | €207,545 | €152,491 | ▼ 26.5% |
| Equity10/15 | €61,750 | €111,781 | €187,780 | €118,278 | ▼ 37.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €58,750 | €108,781 | €184,780 | €115,278 | ▼ 37.6% |
| Distributable reserves133 | €58,750 | €108,781 | €184,780 | €115,278 | ▼ 37.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €40,906 | €21,890 | €19,764 | €34,213 | ▲ 73.1% |
| Amounts payable within one year42/48 | €40,906 | €21,890 | €19,764 | €34,213 | ▲ 73.1% |
| Financial debts43 | - | - | €34 | €7 | ▼ 78.8% |
| Credit institutions430/8 | - | - | €34 | €7 | ▼ 78.8% |
| Trade debts44 | €2,954 | €3,754 | €500 | €8,182 | ▲ 1,536% |
| Suppliers440/4 | €2,954 | €3,754 | €500 | €8,182 | ▲ 1,536% |
| Taxes, remuneration and social security45 | €31,108 | €11,655 | €11,529 | €18,053 | ▲ 56.6% |
| Taxes450/3 | €31,108 | €11,655 | €11,529 | €18,053 | ▲ 56.6% |
| Other amounts payable47/48 | €6,844 | €6,480 | €7,702 | €7,971 | ▲ 3.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,550 | €50,831 | €76,799 | €115,278 | ▲ 50.1% |
| + Depreciation and write-downs630 | €492 | €2,292 | €3,086 | €3,637 | ▲ 17.9% |
| Operating cash flow (approximation) | €60,042 | €53,122 | €79,885 | €118,915 | ▲ 48.9% |
| Investment in fixed assets (approximation) | - | -€17,027 | -€2,375 | -€14,661 | ▼ 517% |
| Change in cash | - | €3,518 | €81,285 | -€132,277 | ▼ 263% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €115,278 ▲50.1%
Operating result €153,269, net result €115,278, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €187,780 ▲68%
3 profitable years in a row build equity to €187,780.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €50,831 ▼14.6%
Net result drops to €50,831, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.30
Current ratio from 2.44 to 5.30; short-term debt falls from €40,906 to €21,890.
31-12
Financial
Equity above €100,000Eq €111,781 ▲81%
2 profitable years in a row build equity to €111,781.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2022
Ground area
154 m²
Building footprint
100 m²
Volume, LiDAR
837 m³
Parcel 11811L3698/00V002, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
14Value
since 20222.331.187.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3698/00V002 | Flanders | 154 m² | 1 · 100 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,915 companies in sector 62100 we hold annual accounts for 8,786. 6,939 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785707027
Also
9925:BE0785707027
Registered
02-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.