Equity
Debts exceed assets in financial year 2024.
Debts exceed assets in financial year 2024.
Lower net result than 95% of companies in computer programming and consultancy. Sector median €27,605 · 20,539 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 2% of them on solvency, 38% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
In July 2024, 490 companies had the same profile as Authentify It has now. Each dot is one company, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Authentify It itself is lower: 1.4% within 12 months. It rests on far more data about Authentify It than the profile alone.
The method was tested on the 497,448 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.
| 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 490 companies, not a prediction for Authentify It. 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.
Liquidity is insufficient, with a current ratio of 0.43, below 1. Short-term debt is 128.8% and cash 31.9% of total assets. Equity is negative.
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.
The company filed its 2024 accounts 158 days after 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.
| Company | ||||
|---|---|---|---|---|
| Authentify It La Hulpe | €2.1m | -€652,246 | -28.8% | - |
| PRAESENS DEVELOPMENT Wavre | €1.8m | -€14,597 | -5.0% | - |
| Companion.energy Ghent | €2.1m | -€271,955 | 16.1% | - |
| Team n Time Antwerp | €2.1m | -€689,633 | 21.9% | 2.5 |
| ARTIFICIEEL Ghent | €1.6m | -€16,382 | 73.1% | - |
| nuclivision Ghent | €2.0m | -€14,470 | 93.3% | - |
| VATAI Technology Etterbeek | €1.5m | -€765,184 | -40.1% | - |
These companies have the same main activity as Authentify It: computer programming (NACE 62100). They are comparable in size and age: total assets between €1.5m and €2.1m, founded between 2022 and 2023.
Authentify It has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€591,622) and a net result of -€653,622.
Its solvency ranks better than 5% of 20,537 sector peers (NACE 62, financial year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 5% of 20,537 companies in 2024.
Higher than 5% of 19,921 companies in 2024.
Lower than 95% of 20,101 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2024 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
2.1m | |
21/28 |
915,055 | |
21 |
913,156 | |
22/27 |
1,632 | |
24 |
1,632 | |
28 |
266 | |
29/58 |
1.1m | |
40/41 |
483,030 | |
40 |
418,787 | |
41 |
64,243 | |
54/58 |
654,055 | |
| Balance sheet: equity and liabilities | ||
10/49 |
2.1m | |
10/15 |
-591,622 | |
10/11 |
62,000 | |
10 |
62,000 | |
100 |
62,000 | |
14 |
-653,622 | |
17/49 |
2.6m | |
42/48 |
2.6m | |
44 |
313,141 | |
440/4 |
313,141 | |
45 |
41,904 | |
450/3 |
41,904 | |
47/48 |
2.3m | |
| Income statement | ||
9900 |
-652,246 | |
630 |
621 | |
9901 |
-652,867 | |
75/76B |
217 | |
75 |
217 | |
65/66B |
972 | |
65 |
972 | |
9903 |
-653,622 | |
9904 |
-653,622 | |
9905 |
-653,622 | |
| Appropriation of the result | ||
9906 |
-653,622 | |
| Document | ||
The notes to these accounts have 8 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 2024 (PDF), filed on 05-01-2026.
2024 annual accounts filed 158 days after the deadline. Filed on 5 January 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00002550.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 05-01-2026 | 2026-00002550 |
| Line | Trend | 2024 |
|---|---|---|
| -652,246 | ||
| -653,001 | ||
| 915,676 | ||
| -1.5m | ||
| -28.8% | ||
| 0.43 | ||
| -31.9% | ||
| -671.14 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
| Item | 2024 |
|---|---|
| Tangible fixed assets | €2,254 |
| Intangible fixed assets | €913,156 |
| Financial fixed assets | €266 |
| €621 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
Equity is negative. Debt (€2.6m) exceeds the balance-sheet total (€2.1m).
Authentify It has no parent and no holdings in its annual accounts. Authentify It shares no director with another company.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Chaussée de La Hulpe 135A registered office 1310 La Hulpe | ||
| Chaussée de Bruxelles 135 A 1310 La Hulpe | 01-10-2023 | 2.352.490.619 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25050E0040/00S000 | 5.5 ha | 1 · 1.5 ha | 21.1 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
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