ALGORITHMIC
ActiveSummary
ALGORITHMIC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €50k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth63=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 25.88 against 11.06 in 2024; short-term debt: 3.6% and cash: 80.4% of total assets), and 3.6% of the assets are financed with debt.
Credit check for your own amount and term
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 →
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
96.4%
Return on assets
49.6%
Age of the figures
9 mo
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
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 26-03-2026, 127 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
127 d early
2024
35 d early
2023
34 d early
2022
31 d early
2021
31 d late
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€142k▲ 35.0%
2020 · €105k
2019: €143khighest in 3 years
2020: €105k▼ -26.3% vs 2019lowest in 3 years
2021: €142k▲ +35.0% vs 2020
2019 → 2021
EBIT margin
24.3%▲ 12.5pp
2020 · 11.8%
2019: 20.9%
2020: 11.8%▼ -43.3% vs 2019lowest in 3 years
2021: 24.3%▲ +105% vs 2020highest in 3 years
2019 → 2021
Net result
€50k▼ 18.1%
2024 · €61k
2019: €21k
2020: €8k▼ -62.0% vs 2019lowest in 7 years
2021: €24k▲ +200% vs 2020
2022: €22k▼ -5.9% vs 2021
2023: €46k▲ +106% vs 2022
2024: €61k▲ +32.4% vs 2023highest in 7 years
2025: €50k▼ -18.1% vs 2024
2019 → 2025
Working capital
€90k▼ 26.6%
2024 · €123k
2019: €21klowest in 7 years
2020: €28k▲ +30.7% vs 2019
2021: €54k▲ +92.0% vs 2020
2022: €67k▲ +24.6% vs 2021
2023: €59k▼ -12.3% vs 2022
2024: €123k▲ +109% vs 2023highest in 7 years
2025: €90k▼ -26.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€142k-
Equity€58k-€71k▲ 22.2%€71k▲ 0.5%€133k▲ 85.9%€98k▼ 26.4%
2021: €58klowest in 5 years
2022: €71k▲ +22.2% vs 2021
2023: €71k▲ +0.5% vs 2022
2024: €133k▲ +85.9% vs 2023highest in 5 years
2025: €98k▼ -26.4% vs 2024
Operating result€35k-€30k▼ 12.1%€60k▲ 98.0%€78k▲ 30.2%€71k▼ 9.8%
2021: €35k
2022: €30k▼ -12.1% vs 2021lowest in 5 years
2023: €60k▲ +98.0% vs 2022
2024: €78k▲ +30.2% vs 2023highest in 5 years
2025: €71k▼ -9.8% vs 2024
Net result€24k-€22k▼ 5.9%€46k▲ 106%€61k▲ 32.4%€50k▼ 18.1%
2021: €24k
2022: €22k▼ -5.9% vs 2021lowest in 5 years
2023: €46k▲ +106% vs 2022
2024: €61k▲ +32.4% vs 2023highest in 5 years
2025: €50k▼ -18.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€7k ▼ 23.7%
Current assets
€94k ▼ 30.6%
Equity and liabilities €101k
Equity
€98k ▼ 26.4%
Debt
€4k ▼ 70.3%
Debt's share of the balance-sheet total falls from 8.4% to 3.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€73k▼
2024 · €81k
Cash flow
€53k▼
2024 · €64k
Current ratio
25.88▲
2024 · 11.06
Debt to equity
0.04▼
2024 · 0.09
ROE
51.4%▲
2024 · 46.2%
ROA
49.6%▲
2024 · 42.3%
Interest coverage
47.62▼
2024 · 51.32
Debt ≤ 1 year
€4k▼
2024 · €12k
Income taxes
€19k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€145k€101k▼
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€10k€7k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€8k€6k▼
Current assets29/58€135k€94k▼
Amounts receivable within one year40/41€25k€11k▼
Trade receivables40€18k€0▼
Other amounts receivable41€6k€11k▲
Cash at bank and in hand54/58€102k€81k▼
Deferred charges and accrued income490/1€8k€1k▼
Equity and liabilities
Total equity and liabilities10/49€145k€101k▼
Equity10/15€133k€98k▼
Contributions10/11€19k€19k=
Reserves13€114k€79k▼
Distributable reserves133€114k€79k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€12k€4k▼
Amounts payable within one year42/48€12k€4k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€10k€1k▼
Taxes450/3€8k€131▼
Remuneration and social security454/9€3k€998▼
Other amounts payable47/48€0€579▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€437€440▲
Non-recurring operating charges66A€0-
Gross operating margin9900€81k€73k▼
Operating profit (loss)9901€78k€71k▼
Financial income75/76B€12€1▼
Recurring financial income75€12€1▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€77k€69k▼
Income taxes67/77€15k€19k▲
Profit (loss) for the period9904€61k€50k▼
Profit (loss) for the period to be appropriated9905€61k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€50k▼
Transfer from equity791/2-€85k
Transfer to equity691/2€61k€50k▼
To other reserves6921€61k€50k▼
Profit to be distributed694/7€0€85k▲
Return on contributions (dividend)694€0€85k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €142k | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €8k | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | €105k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €2k | €2k | ▼ 2.2% |
| Other operating charges640/8 | €639 | €711 | €852 | €437 | €440 | ▲ 0.7% |
| Non-recurring operating charges66A | - | - | €345 | €0 | - | - |
| Gross operating margin9900 | €38k | €34k | €64k | €81k | €73k | ▼ 9.5% |
| Operating profit (loss)9901 | €35k | €30k | €60k | €78k | €71k | ▼ 9.8% |
| Financial income75/76B | €15 | €1 | €14 | €12 | €1 | ▼ 92.8% |
| Recurring financial income75 | €15 | €1 | €14 | €12 | €1 | ▼ 92.8% |
| Financial charges65/66B | €37 | €110 | €439 | €2k | €2k | ▼ 2.6% |
| Recurring financial charges65 | €37 | €110 | €439 | €2k | €2k | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €35k | €30k | €60k | €77k | €69k | ▼ 10.0% |
| Income taxes67/77 | €11k | €8k | €13k | €15k | €19k | ▲ 22.1% |
| Profit (loss) for the period9904 | €24k | €22k | €46k | €61k | €50k | ▼ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €24k | €22k | €46k | €61k | €50k | ▼ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81k | €124k | €127k | €145k | €101k | ▼ 30.1% |
| Fixed assets21/28 | €4k | €4k | €13k | €10k | €7k | ▼ 23.7% |
| Tangible fixed assets22/27 | €4k | €4k | €13k | €10k | €7k | ▼ 23.7% |
| Plant, machinery and equipment23 | €613 | €481 | €374 | €2k | €2k | ▼ 11.2% |
| Furniture and vehicles24 | €4k | €3k | €12k | €8k | €6k | ▼ 26.4% |
| Current assets29/58 | €77k | €120k | €114k | €135k | €94k | ▼ 30.6% |
| Amounts receivable within one year40/41 | €13k | €17k | €28k | €25k | €11k | ▼ 54.3% |
| Trade receivables40 | €12k | €17k | €26k | €18k | €0 | ▼ 100% |
| Other amounts receivable41 | €1k | €23 | €2k | €6k | €11k | ▲ 76.8% |
| Cash at bank and in hand54/58 | €52k | €98k | €79k | €102k | €81k | ▼ 20.4% |
| Deferred charges and accrued income490/1 | €11k | €6k | €8k | €8k | €1k | ▼ 86.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81k | €124k | €127k | €145k | €101k | ▼ 30.1% |
| Equity10/15 | €58k | €71k | €71k | €133k | €98k | ▼ 26.4% |
| Contributions10/11 | €6k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €52k | €52k | €53k | €114k | €79k | ▼ 30.7% |
| Distributable reserves133 | €52k | €52k | €53k | €114k | €79k | ▼ 30.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €23k | €53k | €56k | €12k | €4k | ▼ 70.3% |
| Amounts payable within one year42/48 | €23k | €53k | €56k | €12k | €4k | ▼ 70.3% |
| Trade debts44 | €3k | €3k | €6k | €2k | €2k | ▲ 5.1% |
| Suppliers440/4 | €3k | €3k | €6k | €2k | €2k | ▲ 5.1% |
| Taxes, remuneration and social security45 | €7k | €17k | €3k | €10k | €1k | ▼ 89.1% |
| Taxes450/3 | €7k | €14k | €3k | €8k | €131 | ▼ 98.3% |
| Remuneration and social security454/9 | - | €3k | €0 | €3k | €998 | ▼ 61.1% |
| Other amounts payable47/48 | €12k | €34k | €46k | €0 | €579 | - |
| Accrued charges and deferred income492/3 | - | - | €32 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €22k | €46k | €61k | €50k | ▼ 18.1% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €2k | €2k | ▼ 2.2% |
| Operating cash flow (approximation) | €27k | €25k | €48k | €64k | €53k | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | €-2k | €-11k | €402 | €0 | ▼ 100% |
| Change in cash | - | €46k | €-19k | €24k | €-21k | ▼ 188% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 25.88
Current ratio from 11.06 to 25.88; short-term debt falls from €12k to €4k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €61k ▲32.4%
Operating result €78k, net result €61k, both a record.
31-12
Financial
Liquidity times 5current ratio 11.06
Current ratio from 2.06 to 11.06; short-term debt falls from €56k to €12k.
31-12
Financial
Equity above €100kEq €133k ▲85.9%
6 profitable years in a row build equity to €133k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €8k ▼62%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.77
Current ratio from 2.06 to 4.77; short-term debt falls from €20k to €7k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Bierbeek · 1 establishment unit since 2018
Ground area
436 m²
Building footprint
61 m²
Volume, LiDAR
330 m³
Parcel 24053B0189/00G002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALGORITHMIC
since 20182.279.038.853
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0189/00G002 | Flanders | 436 m² | 1 · 61 m² | 9.0 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,946 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
Founded29-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.