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ALGORITHMIC

Active Private limited companyfounded 2018active for 8 yearsPastoriestraat 7, 3360 BierbeekKBO/BCE: BE 0701.876.360
ALGORITHMIC
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €81,185 (2024)
€73,454▼ 9.5%
peak €61,338 (2024)
€50,265▼ 18.1%
peak €132,747 (2024)
€97,702▼ 26.4%
€3,628▼ 70.3%
Board1 name since 2018
1 directorCASTERMANS Sander
Documentsfilings and deeds
26-03-2026127 days before the deadline
2025micro format
Change of role: CASTERMANS Sander, from director, formerly ma… 24-03Dividend €85,309Equity from €132,747 to €97,702Debts from €12,228 to €3,628

Key points

from the 2025 annual accounts

Equity

€97,702 ▼ 26.4%
132,7472024+50,265Profit-85,309Dividend97,7022025

ALGORITHMIC paid out €85,309 in dividends. That is 170% of the 2025 profit.

Liquidity

25.88 was 11.06 in 2024

Short-term debts fell from €12,228 to €3,628.

Position in the sector

96.4%

Higher solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,193 companies.

Checked score

96
Excellent
Financially stronger than 71% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,930 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1%highest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 96.4% of total assets
100=short-term debt 3.6% · cash 80.4%
100=return on assets 49.6%

Score breakdown

lowers risk
Liquidity: current ratio 25.88, cash €81,490
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €97,702 (96.4% of total assets)
Size: total assets €101,330
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 82% on profitability and 22% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as ALGORITHMIC has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of ALGORITHMIC itself is lower: < 0.1% within 12 months. It rests on far more data about ALGORITHMIC than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for ALGORITHMIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €9,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 25.88 (11.06 in 2024), above the usual 1.5. Short-term debt is 3.6% and cash 80.4% of total assets. 3.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 25.88, cash €81,490
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Equity €97,702 (96.4% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €101,330
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
127 days early
2024
35 days early
2023
34 days early
2022
31 days early
2021
31 days late
2020
33 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (4 of the last 5 accounts filed within 64 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CS
CASTERMANS Sander
Director, since 29-08-2018
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0701876360
Change of role: CASTERMANS Sander, from director, formerly manager to director Director discharge: CASTERMANS Sander · General meeting of 20-03-2025 · Gazette deed
Registered-office move · Legal-form change Director in office: SanderCastermans · Gazette deed
Incorporation published on 31-08-2018 · Gazette deed
All 18 events

Comparable companies

same main activity, similar in size and age
Company
ALGORITHMIC Bierbeek €101,330 €73,454 96.4% -
AOZ CONSULTING Affligem €104,039 €73,308 19.2% -
FLEXIMPLE Pajottegem €92,408 €76,452 85.5% -
SOCRAI Leuven €98,635 €79,660 22.6% -
CO-PROJECTS Sint-Pieters-Leeuw €111,836 €74,157 1.3% -
NEAT APPS Hoeilaart €95,860 €61,934 40.1% -
Onevoud Leuven €85,195 €70,501 62.9% -

These companies have the same main activity as ALGORITHMIC: computer programming (NACE 62100). They are comparable in size and age: total assets between €85,200 and €112,000, founded between 2018 and 2019.

Official details

Source: KBO
Status
Active since 29-08-2018Normal situation
Activity
Computer programmingNACE 62100and 1 other
Establishment unit
2.279.038.8533360 Bierbeek, since 29-08-2018
Financial year end
31 December
Peppol
Reachable since 24-11-2025
Company details

Annual accounts 2025

€73,454▼ 9.5%
≈ €170,000estimated
€50,265▼ 18.1%
€97,702▼ 26.4%
€101,330▼ 30.1%
Filing
Filed on 26-03-2026, 127 days before the end of the filing period
Financials

Insights on ALGORITHMIC

ALGORITHMIC files the micro format. That format states no turnover. The gross margin rose from €34,027 in 2019 to €73,454 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 26-03-2026, 127 days before the deadline
€73,454
▼ 9.5%
€70,701
▼ 9.8%
€73,014
▼ 9.6%
€52,578
▼ 17.5%
96.4%
▲ 4.9 percentage points
25.88
▲ 14.83

Money flows

no detail for 2025

Balance sheet

balance sheet total €101,330 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

96.4%

Higher than 95% of 21,193 companies in 2025.

25.88

Higher than 95% of 20,556 companies in 2025.

49.6%

Higher than 85% of 20,731 companies in 2025.

ALGORITHMIC Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 101,330144,975126,971124,23280,83342,54647,358
21/28 7,4299,74212,5093,8964,2517,0005,649
22/27 7,4299,74212,5093,8964,2517,0005,649
23 1,5111,702374481613745271
24 5,9188,04112,1343,4153,6386,2555,377
29/58 93,901135,233114,462120,33576,58235,54641,710
40/41 11,25524,60727,87216,53913,45713,06110,442
40 018,24226,31416,51712,38712,01410,315
41 11,2556,3651,558231,0691,047127
54/58 81,490102,35278,51897,59652,08811,17920,840
490/1 1,1568,2738,0726,20011,03711,30610,428
Balance sheet: equity and liabilities
10/49 101,330144,975126,971124,23280,83342,54647,358
10/15 97,702132,74771,40971,07058,18135,09227,139
10/11 18,60018,60018,60018,6006,2006,2006,200
100 ------18,600
101 ------12,400
13 79,102114,14752,80952,47051,98128,89220,939
133 79,102114,14752,80952,47051,98128,89220,939
14 000----
17/49 3,62812,22855,56253,16222,6537,45420,219
42/48 3,62812,22855,53053,16222,6537,45420,219
44 1,9191,8266,4772,6543,1952,02012,454
440/4 1,9191,8266,4772,6543,1952,02012,454
45 1,12910,4022,62616,8027,4405,4347,765
450/3 1317,8392,62614,1137,4405,4347,765
454/9 9982,56302,689---
47/48 579046,42733,70512,017--
492/3 -032----
Income statement
70 ----142,350105,438143,040
76A 08,401-----
9900 73,45481,18563,52333,53037,99615,40334,027
60/61 ----104,62990,309109,333
630 2,3132,3652,1162,4092,7492,2882,658
640/8 4404378527116396361,508
66A -0345----
9901 70,70178,38460,20930,41134,60812,47929,861
75/76B 1121411500
75 1121411500
65/66B 1,5331,5734391103713886
65 1,5331,5734391103713886
9903 69,16976,82359,78430,30234,58612,34229,775
67/77 18,90415,48513,4457,81210,6984,3888,836
9904 50,26561,33846,33922,49023,8887,95420,939
9905 50,26561,33846,33922,49023,8887,95420,939
Appropriation of the result
9906 50,26561,33846,33922,49023,8887,95420,939
791/2 85,309------
691/2 50,26561,33833949023,0887,95420,939
6921 50,26561,33833949023,0887,95420,939
694/7 85,309046,00022,000800--
694 85,309046,00022,000800--
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 26-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 26-03-2026 2026-00064456 PDF
31-12-2024 micro format 26-06-2025 2025-00199519 PDF
31-12-2023 micro format 27-06-2024 2024-00178726 PDF
31-12-2022 micro format 30-06-2023 2023-00182161 PDF
31-12-2021 micro format 31-08-2022 2022-20412631 PDF
31-12-2020 micro format 28-06-2021 2021-25400551 PDF
31-12-2019 micro format 30-06-2020 2020-24000143 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
73,01480,74862,32532,81937,35714,76732,519
52,57863,70248,45524,89826,63710,24123,597
04,53011,0742,05403,6398,307
-20,86323,834-19,07845,50840,909-9,661-
90,273123,00558,93267,17453,93028,09221,490
----24.3%11.8%20.9%
96.4%91.6%56.2%57.2%72.0%82.5%57.3%
25.8811.062.062.263.384.772.06
0.040.090.780.750.390.210.75
51.4%46.2%64.9%31.6%41.1%22.7%77.2%
49.6%42.3%36.5%18.1%29.6%18.7%44.2%
47.6251.32over 100over 100over 100--
----32 days42 days26 days
----11 days8 days42 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€4,530€11,074€2,054-
€2,313€2,365€2,116€2,409€2,749

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ALGORITHMIC

The operating result for 2025 is 10% lower than in 2024.

Debt's share of the balance-sheet total falls from 8.4% to 3.6%. Equity and debt are lower.

Board & ownership

Board

1 director, last change in 2025
CASTERMANS Sander
Director (not named in the articles)
since 29-08-2018 term without a fixed end
earlier director, formerly manager, until 24-03-2025
listed in the 2025 annual accounts, filed on 26-03-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
CASTERMANS Sander
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • CASTERMANS Sander
    • Director (not named in the articles), from 29-08-2018 to date
    • Director, formerly manager, until 24-03-2025

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 24-03-2025 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Thursday of June at 18:00

Network & group

No group

ALGORITHMIC has no parent and no holdings in its annual accounts. CASTERMANS Sander is the only director.

Board mandates elsewhere

1 board mandate
Board mandates of ALGORITHMICALGORITHMIC sits on their board1
Holoptic
Director
Founded in 2023 · total assets €174,570 (2025)

Connections & network

1 current director
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

18 events since 2018

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 127 days before the deadline
2025
Liquidity more than doubled current ratio 25.88 The current ratio rises from 11.06 to 25.88. Short-term debt falls from €12,228 to €3,628.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0701876360
Annual accounts 2024 filed PDFmicro format · 35 days before the deadline
Change of role: CASTERMANS Sander, from director, formerly manager to directorDirector discharge: CASTERMANS Sander · General meeting of 20-03-20258 points ▸
  • General meeting, 20-03-2025
  • Director resignation, CASTERMANS Sander (director, formerly manager)
  • Director appointment, CASTERMANS Sander (director (not named in the articles))
  • 100 shares
  • Registered office clause, 3360Bierbeek, Pastoriestraat7
  • Power of attorney, Mostaert,Maere&VanElslande
  • Power of attorney, Carl Maere
  • Director discharge, CASTERMANS Sander
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2024
Highest result from 2019 to 2025 net €61,338 ▲32.4% The operating result of €78,384 and the net result of €61,338 are both a record.
Liquidity more than 5 times current ratio 11.06 The current ratio rises from 2.06 to 11.06. Short-term debt falls from €55,530 to €12,228.
Equity above €100,000 equity €132,747 ▲85.9% With a profit in every financial year since 2019, equity grows to €132,747.
Annual accounts 2023 filed PDFmicro format · 34 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 31 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 31 days late
2021
Registered-office move · Legal-form changeDirector in office: SanderCastermans1 point ▸
  • Registered-office move, Pastoriestraat7, 3360Bierbeek

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFmicro format · 33 days before the deadline
2020
Weakest financial year net €7,954 ▼62% The net result drops to €7,954, the lowest from 2019 to 2025. It recovers the following year.
Liquidity more than doubled current ratio 4.77 The current ratio rises from 2.06 to 4.77. Short-term debt falls from €20,219 to €7,454.
Annual accounts 2019 filed PDFmicro format · 31 days before the deadline
2018
Incorporation PDFpublished on 31-08-2018
First establishment Pastoriestraat 7, Bierbeek

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 29 August 2018, ALGORITHMIC was incorporated.1 Turnover went from €143,040 in 2019 to €142,350 in 2021.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2021

Company details

Identity

Enterprise number
0701.876.360
VAT number
BE 0701.876.360
Peppol ID
0208:0701876360
Other Peppol ID
9925:BE0701876360
Legal form
Private limited company
Status
Active, normal situation
Founded
29-08-2018
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Thursday of June at 18:00
deed of 24-03-2025 (in Dutch)
Peppol
Reachable since 24-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ALGORITHMIC in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-03-2025 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 24-03-2025 (in Dutch)

Activities

NACEBEL 2025
62100 Computer programming main activity
62200 Computer consultancy and computer facilities management
Codes under NACEBEL 2008
62010 Computer programming, consultancy and related activities main activity
62020 IT consultancy
PurposeThe purpose describes the activities the company may carry out under its articles.
“IT-diensten zowel software als hardware; Data-analyse; Ontwikkeling van software en hardware; Consultancy; Adviesverlening met betrekking…”
9 activities
  1. IT-diensten zowel software als hardware
  2. Data-analyse
  3. Ontwikkeling van software en hardware
  4. Consultancy
  5. Adviesverlening met betrekking tot bedrijfsvoering en IT
  6. Geven van seminaries,lessen en lezingen
  7. Ontwikkeling van elektronica
  8. Trading in de ruimste zin van het woord
  9. Aan-en verkoop van onroerend goed
deed of 24-03-2025 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Pastoriestraat 7 registered office 3360 Bierbeek 29-08-2018 2.279.038.853
1 former office
  • 3001 Leuven until 01-11-2021 · deed of 22-12-2021

Buildings and parcels at the address

Ground area
436 m²
Buildings
61 m²
Volume, LiDAR
330 m³
Tallest building
9.0 m
Buildings to scale, each on its own parcel
61 m², 9.0 m 61 m², 9.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
24053B0189/00G002
ProtectedTownscape or village viewDorpskern Korbeek-LoSource ↗
436 m² 1 · 61 m² 9.0 m · 2

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.

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