Algorythm Solutions
ActiveSummary
Algorythm Solutions has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €29k. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency93▼-7
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 5.98 in 2024; short-term debt: 32% and cash: 88.5% of total assets), and 32% 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 →
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
68%
Return on assets
62.7%
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 13-05-2026, 79 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
79 d early
2024
20 d early
2023
12 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
Equity
€32k▼ 64.4%
2024 · €90k
2023: €42k
2024: €90k▲ +115% vs 2023highest in 3 years
2025: €32k▼ -64.4% vs 2024lowest in 3 years
2023 → 2025
Total assets
€47k▼ 56.2%
2024 · €107k
2023: €57k
2024: €107k▲ +87.2% vs 2023highest in 3 years
2025: €47k▼ -56.2% vs 2024lowest in 3 years
2023 → 2025
Net result
€29k▼ 39.7%
2024 · €49k
2023: €39k
2024: €49k▲ +24.7% vs 2023highest in 3 years
2025: €29k▼ -39.7% vs 2024lowest in 3 years
2023 → 2025
Working capital
€30k▼ 65.5%
2024 · €88k
2023: €41k
2024: €88k▲ +112% vs 2023highest in 3 years
2025: €30k▼ -65.5% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€42k-€90k▲ 115%€32k▼ 64.4%
2023: €42k
2024: €90k▲ +115% vs 2023highest in 3 years
2025: €32k▼ -64.4% vs 2024lowest in 3 years
Operating result€51k-€63k▲ 24.2%€39k▼ 38.8%
2023: €51k
2024: €63k▲ +24.2% vs 2023highest in 3 years
2025: €39k▼ -38.8% vs 2024lowest in 3 years
Net result€39k-€49k▲ 24.7%€29k▼ 39.7%
2023: €39k
2024: €49k▲ +24.7% vs 2023highest in 3 years
2025: €29k▼ -39.7% vs 2024lowest in 3 years
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 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€2k ▼ 17.4%
Current assets
€45k ▼ 57.0%
Equity and liabilities €47k
Equity
€32k ▼ 64.4%
Debt
€15k ▼ 14.8%
Debt's share of the balance-sheet total rises from 16.4% to 32.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40k▼
2024 · €64k
Cash flow
€30k▼
2024 · €50k
Current ratio
3.02▼
2024 · 5.98
Debt to equity
0.47▲
2024 · 0.20
ROE
92.2%▲
2024 · 54.4%
ROA
62.7%▲
2024 · 45.5%
Interest coverage
30.90▼
2024 · 37.69
Debt ≤ 1 year
€15k▼
2024 · €18k
Income taxes
€8k▼
2024 · €13k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€107k€47k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€2k▼
Current assets29/58€105k€45k▼
Amounts receivable within one year40/41€10k€2k▼
Trade receivables40€9k€21▼
Other amounts receivable41€397€2k▲
Cash at bank and in hand54/58€94k€41k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€107k€47k▼
Equity10/15€90k€32k▼
Contributions10/11€3k€3k=
Reserves13€87k€29k▼
Distributable reserves133€87k€29k▼
Amounts payable17/49€18k€15k▼
Amounts payable within one year42/48€18k€15k▼
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€13k€8k▼
Taxes450/3€13k€8k▼
Other amounts payable47/48€160-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€841€1k▲
Gross operating margin9900€64k€40k▼
Operating profit (loss)9901€63k€39k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€62k€37k▼
Income taxes67/77€13k€8k▼
Profit (loss) for the period9904€49k€29k▼
Profit (loss) for the period to be appropriated9905€49k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€29k▼
Transfer from equity791/2€800€87k▲
Transfer to equity691/2€49k€29k▼
To other reserves6921€49k€29k▼
Profit to be distributed694/7€800€87k▲
Return on contributions (dividend)694€800€87k▲
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €841 | €1k | ▲ 25.1% |
| Gross operating margin9900 | €53k | €64k | €40k | ▼ 37.9% |
| Operating profit (loss)9901 | €51k | €63k | €39k | ▼ 38.8% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | €2k | €2k | €1k | ▼ 24.3% |
| Recurring financial charges65 | €2k | €2k | €1k | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €49k | €62k | €37k | ▼ 39.2% |
| Income taxes67/77 | €10k | €13k | €8k | ▼ 37.1% |
| Profit (loss) for the period9904 | €39k | €49k | €29k | ▼ 39.7% |
| Profit (loss) for the period to be appropriated9905 | €39k | €49k | €29k | ▼ 39.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €57k | €107k | €47k | ▼ 56.2% |
| Formation expenses20 | €78 | - | - | - |
| Fixed assets21/28 | €332 | €2k | €2k | ▼ 17.4% |
| Tangible fixed assets22/27 | €332 | €2k | €2k | ▼ 17.4% |
| Plant, machinery and equipment23 | €332 | €2k | €2k | ▼ 17.4% |
| Current assets29/58 | €57k | €105k | €45k | ▼ 57.0% |
| Amounts receivable within one year40/41 | €12k | €10k | €2k | ▼ 81.7% |
| Trade receivables40 | €9k | €9k | €21 | ▼ 99.8% |
| Other amounts receivable41 | €2k | €397 | €2k | ▲ 342% |
| Cash at bank and in hand54/58 | €43k | €94k | €41k | ▼ 55.7% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | ▲ 6.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €57k | €107k | €47k | ▼ 56.2% |
| Equity10/15 | €42k | €90k | €32k | ▼ 64.4% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €39k | €87k | €29k | ▼ 66.2% |
| Distributable reserves133 | €39k | €87k | €29k | ▼ 66.2% |
| Amounts payable17/49 | €16k | €18k | €15k | ▼ 14.8% |
| Amounts payable within one year42/48 | €16k | €18k | €15k | ▼ 14.8% |
| Trade debts44 | €5k | €5k | €7k | ▲ 50.9% |
| Suppliers440/4 | €5k | €5k | €7k | ▲ 50.9% |
| Taxes, remuneration and social security45 | €10k | €13k | €8k | ▼ 37.1% |
| Taxes450/3 | €10k | €13k | €8k | ▼ 37.1% |
| Other amounts payable47/48 | - | €160 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €49k | €29k | ▼ 39.7% |
| + Depreciation and write-downs630 | €2k | €841 | €1k | ▲ 25.1% |
| Operating cash flow (approximation) | €41k | €50k | €30k | ▼ 38.6% |
| Investment in fixed assets (approximation) | - | €-3k | €-699 | ▲ 72.4% |
| Change in cash | - | €50k | €-52k | ▼ 203% |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €29k ▼39.7%
Net result drops to €29k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €49k ▲24.7%
Operating result €63k, net result €49k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Leuven · 1 establishment unit since 2024
Ground area
1,476 m²
Building footprint
110 m²
Volume, LiDAR
662 m³
Parcel 24051A0021/00G000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Algorythm Solutions
since 20242.366.241.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24051A0021/00G000 | Flanders | 1,476 m² | 1 · 110 m² | 10.2 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,401 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
Founded18-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.