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Archive-IT

Active
Private limited companyfounded 20188 yrs activeKoning Boudewijnlaan 20A, 3500 Hasselt, BelgiumKBO/BCE: BE 0699.636.848
Summary

Archive-IT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-466k) and a net result of €-6k. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability18▼-6
Solvency0=
Growth72=
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 1.12 in 2023; short-term debt: 125% and cash: 12.2% of total assets), and equity is negative.
Credit check for your own amount and term

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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-313.9%
Return on assets
-4.3%
Age of the figures
21 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
192021222324
2019 to 2024 · latest year €-466k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
on the day
2023
35 d early
2022
35 d early
2021
27 d early
2020
25 d late
2019
23 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover
€205k▲ 198%
2019 · €69k
2019: €69k 2020: €205k▲ +198% vs 2019
2019 → 2020
EBIT margin
-56.0%▲ 209.5pp
2019 · -265.5%
2019: -265.5% 2020: -56.0%▲ +78.9% vs 2019
2019 → 2020
Net result
€-6k▼ 179%
2023 · €-2k
2019: €-185k 2020: €-123k▲ +33.9% vs 2019 2021: €-246k▼ -100% vs 2020lowest in 6 years 2022: €-4k▲ +98.4% vs 2021 2023: €-2k▲ +41.0% vs 2022highest in 6 years 2024: €-6k▼ -179% vs 2023
2019 → 2024
Working capital
€-39k
2023 · €17k
2019: €44k 2020: €92k▲ +107% vs 2019highest in 6 years 2021: €-32k▼ -135% vs 2020 2022: €41k▲ +228% vs 2021 2023: €17k▼ -59.2% vs 2022 2024: €-39k▼ -331% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€205k-
Equity€-208k-€-454k▼ 118%€-457k▼ 0.9%€-460k▼ 0.5%€-466k▼ 1.4% 2020: €-208khighest in 5 years 2021: €-454k▼ -118% vs 2020 2022: €-457k▼ -0.9% vs 2021 2023: €-460k▼ -0.5% vs 2022 2024: €-466k▼ -1.4% vs 2023lowest in 5 years
Operating result€-115k-€-227k▼ 97.6%€11k€11k▲ 6.4%€8k▼ 30.8% 2020: €-115k 2021: €-227k▼ -97.6% vs 2020lowest in 5 years 2022: €11k▲ +105% vs 2021 2023: €11k▲ +6.4% vs 2022highest in 5 years 2024: €8k▼ -30.8% vs 2023
Net result€-123k-€-246k▼ 100%€-4k▲ 98.4%€-2k▲ 41.0%€-6k▼ 179% 2020: €-123k 2021: €-246k▼ -100% vs 2020lowest in 5 years 2022: €-4k▲ +98.4% vs 2021 2023: €-2k▲ +41.0% vs 2022highest in 5 years 2024: €-6k▼ -179% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-300k€-200k€-100k€0Operating result 2020: €-115k€-115kNet result 2020: €-123k€-123kOperating result 2021: €-227k€-227kNet result 2021: €-246k€-246kOperating result 2022: €11k€11kNet result 2022: €-4k€-4kOperating result 2023: €11k€11kNet result 2023: €-2k€-2kOperating result 2024: €8k€8kNet result 2024: €-6k€-6k20202021202220232024€-10k€-5k€0€5k€10kOperating result 2022: €11k€11kNet result 2022: €-4k€-3.9kOperating result 2023: €11k€11kNet result 2023: €-2k€-2.3kOperating result 2024: €8k€7.8kNet result 2024: €-6k€-6.4k202220232024
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148k
Fixed assets €1k ▼ 21.0%
Current assets €147k ▼ 8.7%
Key figures and ratios
2024 value · change against 2023
EBITDA
€8k▼
2023 · €12k
Cash flow
€-6k▼
2023 · €-2k
Solvency
-313.9%▼
2023 · -282.2%
Current ratio
0.79▼
2023 · 1.12
Debt to equity
-1.32▲
2023 · -1.35
ROA
-4.3%▼
2023 · -1.4%
Interest coverage
0.61▼
2023 · 0.90
Debt
€615k▼
2023 · €623k
Debt ≤ 1 year
€186k▲
2023 · €144k
Debt > 1 year
€415k▼
2023 · €450k
Income taxes
€548▲
2023 · €399
Staff costs
€86k▲
2023 · €83k
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 · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€163k€148k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€437€241▼
Furniture and vehicles24€1k€1k▼
Financial fixed assets28-€122
Current assets29/58€161k€147k▼
Amounts receivable within one year40/41€61k€22k▼
Trade receivables40€61k€22k▼
Other amounts receivable41€63€0▼
Cash at bank and in hand54/58€8k€18k▲
Deferred charges and accrued income490/1€92k€107k▲
Equity and liabilities
Total equity and liabilities10/49€163k€148k▼
Equity10/15€-460k€-466k▼
Contributions10/11€100k€100k=
Profit (loss) carried forward14€-560k€-566k▼
Amounts payable17/49€623k€615k▼
Amounts payable after more than one year17€450k€415k▼
Financial debts170/4€450k€415k▼
Amounts payable within one year42/48€144k€186k▲
Current portion of amounts payable after more than one year42€111k€159k▲
Trade debts44€13k€11k▼
Suppliers440/4€13k€11k▼
Taxes, remuneration and social security45€20k€15k▼
Taxes450/3€6k€1k▼
Remuneration and social security454/9€14k€13k▼
Accrued charges and deferred income492/3€28k€14k▼
Income statement Code20232024
Remuneration, social security and pensions62€83k€86k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€512€512=
Other operating charges640/8€996€459▼
Gross operating margin9900€96k€94k▼
Operating profit (loss)9901€11k€8k▼
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€14k▲
Profit (loss) for the period before taxes9903€-2k€-6k▼
Income taxes67/77€399€548▲
Profit (loss) for the period9904€-2k€-6k▼
Profit (loss) for the period to be appropriated9905€-2k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-560k€-566k▼
Profit (loss) brought forward from the previous period14P€-557k€-560k▼
Social balance
Average headcount (FTE)90871.00.0▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20202021202220232024Change
Turnover70€205k-----
Remuneration, social security and pensions62-€219k€99k€83k€86k▲ 3.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€19k€9k€512€512=
Other operating charges640/8-€2k€389€996€459▼ 53.9%
Non-recurring operating charges66A-€237€0---
Gross operating margin9900€255€14k€119k€96k€94k▼ 1.6%
Operating profit (loss)9901€-115k€-227k€11k€11k€8k▼ 30.8%
Financial income75/76B-€0€0---
Recurring financial income75€0€0€0---
Financial charges65/66B-€18k€14k€13k€14k▲ 3.6%
Recurring financial charges65€7k€18k€14k€13k€14k▲ 3.6%
Profit (loss) for the period before taxes9903€-122k€-245k€-4k€-2k€-6k▼ 209%
Income taxes67/77€373€797€149€399€548▲ 37.3%
Profit (loss) for the period9904€-123k€-246k€-4k€-2k€-6k▼ 179%
Profit (loss) for the period to be appropriated9905€-123k€-246k€-4k€-2k€-6k▼ 179%
Line20202021202220232024Change
Assets
Total assets20/58€195k€52k€176k€163k€148k▼ 8.9%
Fixed assets21/28€33k€11k€2k€2k€1k▼ 21.0%
Tangible fixed assets22/27€30k€11k€2k€2k€1k▼ 27.5%
Plant, machinery and equipment23-€498€633€437€241▼ 44.9%
Furniture and vehicles24-€10k€2k€1k€1k▼ 22.2%
Financial fixed assets28€3k€0--€122-
Current assets29/58€163k€41k€173k€161k€147k▼ 8.7%
Amounts receivable after more than one year29-€10k€0---
Trade receivables290-€10k€0---
Amounts receivable within one year40/41€30k-€35k€61k€22k▼ 64.2%
Trade receivables40--€19k€61k€22k▼ 64.2%
Other amounts receivable41--€16k€63€0▼ 100%
Cash at bank and in hand54/58€94k€24k€2k€8k€18k▲ 121%
Deferred charges and accrued income490/1-€7k€136k€92k€107k▲ 16.5%
Equity and liabilities
Total equity and liabilities10/49€195k€52k€176k€163k€148k▼ 8.9%
Equity10/15€-208k€-454k€-457k€-460k€-466k▼ 1.4%
Contributions10/11€100k€100k€100k€100k€100k=
Profit (loss) carried forward14€-308k€-554k€-557k€-560k€-566k▼ 1.1%
Amounts payable17/49€403k€506k€633k€623k€615k▼ 1.3%
Amounts payable after more than one year17€305k€433k€470k€450k€415k▼ 7.8%
Financial debts170/4-€433k€470k€450k€415k▼ 7.8%
Amounts payable within one year42/48€71k€73k€133k€144k€186k▲ 28.5%
Current portion of amounts payable after more than one year42-€43k€73k€111k€159k▲ 43.6%
Trade debts44€36k€18k€38k€13k€11k▼ 13.6%
Suppliers440/4-€18k€38k€13k€11k▼ 13.6%
Taxes, remuneration and social security45-€12k€22k€20k€15k▼ 27.1%
Taxes450/3-€3k€13k€6k€1k▼ 77.4%
Remuneration and social security454/9-€9k€9k€14k€13k▼ 6.8%
Accrued charges and deferred income492/3-€0€31k€28k€14k▼ 50.4%
Line20202021202220232024Change
Profit (loss) for the period9904€-123k€-246k€-4k€-2k€-6k▼ 179%
+ Depreciation and write-downs630€13k€19k€9k€512€512=
Operating cash flow (approximation)€-110k€-226k€5k€-2k€-6k▼ 231%
Investment in fixed assets (approximation)-€3k€-784€0€-122-
Change in cash-€-70k€-21k€6k€10k▲ 66.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Liquidity doublescurrent ratio 1.31
Current ratio from 0.56 to 1.31.
04-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Weakest financial yearnet €-246k
Net result drops to €-246k, the lowest in the series; recovery starts the following year.
25-02
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
08-01
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Hasselt · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
3,766 m²
Building footprint
984 m²
Volume, LiDAR
7,855 m³
Parcel 71323C0286/00F002, Flanders · tallest building 21.6 m, ±2 floors. Linked by address, not a title deed.
110 companies at this address See who is registered here
1 establishment unit
Archive-IT
Koning Boudewijnlaan 20A, 3500 HasseltComputer programming, consultancy and related activities
since 20182.277.633.937
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71323C0286/00F002 Flanders 3,766 m² 1 · 984 m² 21.6 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded05-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities

Scores and ratios are computed by Checked and are not a credit decision.