45Degrees
ActiveSummary
45Degrees has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349,298 and a net result of €8,197. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 1438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▲+14
Solvency76=
Growth83▼-2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.58 in 2024; short-term debt: 49.4% and cash: 0.9% of total assets), and 49.4% of the assets are financed with debt.
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Signals
Five 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
50.6%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
24 d late
2024
26 d late
2023
14 d late
2022
16 d late
2021
4 d late
2020
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after 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.
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, full schema
Turnover
€2.4m▼ 1.5%
2024 · €2.5m
EBIT margin
0.7%▲ 0.6pp
2024 · 0.1%
Net result
€8,197▲ 543%
2024 · €1,276
Working capital
€118,144▼ 37.2%
2024 · €188,071
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
Line20212022202320242025
Turnover€2.0m▲ 88.6%€2.7m▲ 37.7%€2.6m▼ 1.9%€2.5m▼ 6.7%€2.4m▼ 1.5%
Operating result€141,267€219,914▲ 55.7%€75,202▼ 65.8%€2,201▼ 97.1%€15,828▲ 619%
Net result€102,439within the sector's middle half€174,072above the sector's middle half▲ 69.9%€53,670within the sector's middle half▼ 69.2%€1,276within the sector's middle half▼ 97.6%€8,197within the sector's middle half▲ 543%
EBIT margin7.2%▲ 7.3pp8.2%▲ 0.9pp2.8%▼ 5.3pp0.1%▼ 2.8pp0.7%▲ 0.6pp
Equity€157,083within the sector's middle half▲ 187%€286,155within the sector's middle half▲ 82.2%€339,825within the sector's middle half▲ 18.8%€341,101within the sector's middle half▲ 0.4%€349,298within the sector's middle half▲ 2.4%
Total assets€587,727within the sector's middle half▲ 50.1%€682,070within the sector's middle half▲ 16.1%€714,497within the sector's middle half▲ 4.8%€665,552within the sector's middle half▼ 6.9%€690,618within the sector's middle half▲ 3.8%
Debt€430,644▲ 27.8%€395,915▼ 8.1%€374,672▼ 5.4%€324,452▼ 13.4%€341,320▲ 5.2%
Working capital€148,372▲ 227%€274,598▲ 85.1%€331,984▲ 20.9%€188,071▼ 43.3%€118,144▼ 37.2%
Solvency26.7%within the sector's middle half▲ 12.8pp42.0%within the sector's middle half▲ 15.2pp47.6%within the sector's middle half▲ 5.6pp51.3%within the sector's middle half▲ 3.7pp50.6%within the sector's middle half▼ 0.7pp
Staff (FTE)1.6below the sector's middle half▼ 5.9%1.1below the sector's middle half▼ 31.3%1.5within the sector's middle half▲ 36.4%
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 619% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €690,618
Fixed assets
€231,154 ▲ 51.1%
Current assets
€459,463 ▼ 10.4%
Equity and liabilities €690,618
Equity
€349,298 ▲ 2.4%
Debt
€341,320 ▲ 5.2%
Debt's share of the balance-sheet total rises from 48.7% to 49.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,298▲
2024 · €4,545
Cash flow
€9,668▲
2024 · €3,620
Current ratio
1.35▼
2024 · 1.58
Debt to equity
0.98▲
2024 · 0.95
ROE
2.3%▲
2024 · 0.4%
ROA
1.2%▲
2024 · 0.2%
Interest coverage
4.02▲
2024 · 1.78
Debt ≤ 1 year
€341,320▲
2024 · €324,452
Income taxes
€3,420▲
2024 · €1,028
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
95%
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 0.3% 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 1,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.0m | €2.7m | €2.6m | €2.5m | €2.4m | ▼ 1.5% |
| Goods, raw materials, services and sundry goods60/61 | €1.7m | €2.3m | €2.4m | €2.5m | €2.4m | ▼ 2.9% |
| Remuneration, social security and pensions62 | €147,249 | €137,253 | €193,217 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,584 | €5,756 | €4,938 | €2,344 | €1,470 | ▼ 37.3% |
| Other operating charges640/8 | €1,087 | €944 | €1,308 | €945 | €649 | ▼ 31.3% |
| Non-recurring operating charges66A | - | €791 | - | €610 | - | - |
| Gross operating margin9900 | €294,187 | €364,658 | €274,666 | €6,099 | €17,947 | ▲ 194% |
| Operating profit (loss)9901 | €141,267 | €219,914 | €75,202 | €2,201 | €15,828 | ▲ 619% |
| Financial income75/76B | - | €210 | €1,049 | €2,649 | €91 | ▼ 96.6% |
| Recurring financial income75 | - | €210 | €1,049 | €2,649 | €91 | ▼ 96.6% |
| Financial charges65/66B | €2,600 | €1,522 | €3,071 | €2,546 | €4,302 | ▲ 68.9% |
| Recurring financial charges65 | €2,600 | €1,522 | €3,071 | €2,546 | €4,302 | ▲ 68.9% |
| Profit (loss) for the period before taxes9903 | €138,667 | €218,603 | €73,180 | €2,303 | €11,618 | ▲ 404% |
| Income taxes67/77 | €36,228 | €44,530 | €19,510 | €1,028 | €3,420 | ▲ 233% |
| Profit (loss) for the period9904 | €102,439 | €174,072 | €53,670 | €1,276 | €8,197 | ▲ 543% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €37,890 | - |
| Transfer to tax-exempt reserves689 | - | €37,890 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €102,439 | €136,182 | €53,670 | €1,276 | €46,087 | ▲ 3,513% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €587,727 | €682,070 | €714,497 | €665,552 | €690,618 | ▲ 3.8% |
| Fixed assets21/28 | €8,710 | €11,557 | €7,841 | €153,030 | €231,154 | ▲ 51.1% |
| Tangible fixed assets22/27 | €8,710 | €11,557 | €7,841 | €3,030 | €1,559 | ▼ 48.5% |
| Plant, machinery and equipment23 | €8,710 | €11,557 | €7,841 | €3,030 | €1,559 | ▼ 48.5% |
| Financial fixed assets28 | - | - | - | €150,000 | €229,595 | ▲ 53.1% |
| Current assets29/58 | €579,017 | €670,513 | €706,656 | €512,523 | €459,463 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €565,886 | €662,340 | €698,426 | €505,794 | €452,563 | ▼ 10.5% |
| Trade receivables40 | €470,079 | €495,680 | €473,906 | €482,022 | €452,563 | ▼ 6.1% |
| Other amounts receivable41 | €95,806 | €166,661 | €224,520 | €23,773 | - | - |
| Cash at bank and in hand54/58 | €11,605 | €5,443 | €7,169 | €5,939 | €5,918 | ▼ 0.4% |
| Deferred charges and accrued income490/1 | €1,526 | €2,730 | €1,061 | €789 | €983 | ▲ 24.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €587,727 | €682,070 | €714,497 | €665,552 | €690,618 | ▲ 3.8% |
| Equity10/15 | €157,083 | €286,155 | €339,825 | €341,101 | €349,298 | ▲ 2.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €94,200 | €224,090 | €277,090 | €279,090 | €279,000 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €37,890 | €37,890 | €37,890 | - | - |
| Distributable reserves133 | €88,000 | €180,000 | €233,000 | €235,000 | €272,800 | ▲ 16.1% |
| Profit (loss) carried forward14 | €883 | €65 | €735 | €11 | €8,298 | ▲ 78,703% |
| Amounts payable17/49 | €430,644 | €395,915 | €374,672 | €324,452 | €341,320 | ▲ 5.2% |
| Amounts payable within one year42/48 | €430,644 | €395,915 | €374,672 | €324,452 | €341,320 | ▲ 5.2% |
| Trade debts44 | €396,682 | €331,185 | €342,621 | €302,929 | €295,392 | ▼ 2.5% |
| Suppliers440/4 | €396,682 | €331,185 | €342,621 | €302,929 | €295,392 | ▼ 2.5% |
| Taxes, remuneration and social security45 | €33,962 | €10,730 | €32,051 | €21,523 | €6,065 | ▼ 71.8% |
| Taxes450/3 | €25,778 | €4,151 | €24,755 | €21,523 | €6,065 | ▼ 71.8% |
| Remuneration and social security454/9 | €8,184 | €6,579 | €7,297 | - | - | - |
| Other amounts payable47/48 | - | €54,000 | - | - | €39,863 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,439 | €174,072 | €53,670 | €1,276 | €8,197 | ▲ 543% |
| + Depreciation and write-downs630 | €4,584 | €5,756 | €4,938 | €2,344 | €1,470 | ▼ 37.3% |
| Operating cash flow (approximation) | €107,023 | €179,828 | €58,608 | €3,620 | €9,668 | ▲ 167% |
| Investment in fixed assets (approximation) | - | -€8,602 | -€1,222 | -€147,533 | -€79,595 | ▲ 46.0% |
| Change in cash | - | -€6,162 | €1,726 | -€1,230 | -€21 | ▲ 98.3% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
25-03
State Gazette act
RestructuringMerger · Accounting effect · Statutes amendment16 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Statutes amendment16 facts ▸
- Board meeting, 09/03/2026
- Merger, vereenvoudigde fusie door overneming
- Accounting effect, 01/01/2026
- Statutes amendment
- Power of attorney, Matthias Doornaert
- Power of attorney, Sofie De Nil
- Power of attorney, Barbara De Boeck
- Power of attorney, Emily Coppens
- Power of attorney, Eveline Nelen
- Power of attorney, Nataline Stevens
- Power of attorney, Matthias Doornaert
- Power of attorney, Sofie De Nil
- +4 further facts in this act
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Highest result since 2020net €174,072 ▲69.9%
Operating result €219,914, net result €174,072, both a record.
31-12
Financial
Equity above €200,000Eq €286,155 ▲82.2%
2 profitable years in a row build equity to €286,155.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Back to profitnet €102,439
Net result €102,439 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €157,083 ▲187%
Equity rises from €54,644 to €157,083.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2019
Ground area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
45Degrees
since 20192.292.787.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 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.
Structure & network
Part of the group
Nuclys
450 companies
Group, risk and exposure
Owners and holdings
2 owners · 2 holdingsChain of control
- Nuclys
- De Cronos Groep
- Bluu
- 45Degrees
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 2
- Bluuparent85%
- Sourceown accounts 202510%
Holdings 2
-
100%
-
40%
According to the 2025 annual accounts of 45Degrees and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:Coalitions
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 13,314 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732659806
Also
9925:BE0732659806
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.