B.A.
ActiveSummary
B.A. has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €555,125 and a net result of €297. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-6
Solvency83▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.54 against 2.21 in 2024; short-term debt: 34% and cash: 58.9% of total assets), and 41.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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 · Long track record
A company with a long track record statistically fails less often than a young one.
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
58.4%
Return on assets
0%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-11-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
on the day
2023
on the day
2022
15 d late
2021
2 d early
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Turnover
€823,665
EBIT margin
6.2%
Net result
€297▼ 99.4%
2024 · €53,845
Working capital
€498,004▼ 0.4%
2024 · €500,091
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€15,040▼ 14.6%€138,344▲ 820%€120,598▼ 12.8%€86,108▼ 28.6%€3,823▼ 95.6%
Net result€1,689▼ 34.7%€87,516▲ 5,081%€75,492▼ 13.7%€53,845▼ 28.7%€297▼ 99.4%
EBIT margin
Equity€337,974▲ 0.5%€425,490▲ 25.9%€500,982▲ 17.7%€554,828▲ 10.7%€555,125▲ 0.1%
Total assets€545,483▼ 7.6%€747,216▲ 37.0%€766,221▲ 2.5%€1.1m▲ 38.7%€950,003▼ 10.6%
Debt€198,938▼ 17.1%€317,623▲ 59.7%€263,237▼ 17.1%€507,157▲ 92.7%€394,607▼ 22.2%
Working capital€327,133▼ 2.7%€418,644▲ 28.0%€466,253▲ 11.4%€500,091▲ 7.3%€498,004▼ 0.4%
Staff (FTE)2.6▼ 51.9%1.3▼ 50.0%1.6▲ 23.1%1.3▼ 18.8%1.2▼ 7.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 96% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €950,003
Fixed assets
€128,872 ▼ 13.4%
Current assets
€821,131 ▼ 10.2%
Equity and liabilities €950,003
Equity
€555,125 ▲ 0.1%
Provisions
€271 ▼ 67.6%
Debt
€394,607 ▼ 22.2%
Debt's share of the balance-sheet total falls from 47.7% to 41.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,726▼
2024 · €103,629
Cash flow
€22,201▼
2024 · €71,366
Current ratio
2.54▲
2024 · 2.21
Quick ratio
2.25▲
2024 · 2.08
Debt to equity
0.71▼
2024 · 0.91
ROE
0.1%▼
2024 · 9.7%
ROA
0.0%▼
2024 · 5.1%
Interest coverage
6.80▼
2024 · 28.13
Debt ≤ 1 year
€323,127▼
2024 · €413,935
Debt > 1 year
€70,462▼
2024 · €92,205
Income taxes
€3,550▼
2024 · €29,404
Staff costs
€69,661▲
2024 · €66,709
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €59,684 | €59,216 | €66,709 | €69,661 | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,737 | €8,789 | €12,684 | €17,521 | €21,904 | ▲ 25.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€4,467 | -€2,101 | -€1,165 | -€565 | ▲ 51.5% |
| Other operating charges640/8 | - | €4,183 | €4,379 | €3,312 | €5,390 | ▲ 62.7% |
| Gross operating margin9900 | €156,429 | €206,533 | €194,775 | €172,484 | €100,212 | ▼ 41.9% |
| Operating profit (loss)9901 | €15,040 | €138,344 | €120,598 | €86,108 | €3,823 | ▼ 95.6% |
| Financial income75/76B | - | €21 | €0 | €826 | €3,810 | ▲ 361% |
| Recurring financial income75 | €16 | €21 | €0 | €826 | €3,810 | ▲ 361% |
| Financial charges65/66B | - | €5,561 | €4,802 | €3,684 | €3,785 | ▲ 2.7% |
| Recurring financial charges65 | €6,846 | €5,561 | €4,802 | €3,684 | €3,785 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €8,210 | €132,804 | €115,795 | €83,250 | €3,847 | ▼ 95.4% |
| Income taxes67/77 | €6,521 | €45,288 | €40,303 | €29,404 | €3,550 | ▼ 87.9% |
| Profit (loss) for the period9904 | €1,689 | €87,516 | €75,492 | €53,845 | €297 | ▼ 99.4% |
| Profit (loss) for the period to be appropriated9905 | €1,689 | €87,516 | €75,492 | €53,845 | €297 | ▼ 99.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €545,483 | €747,216 | €766,221 | €1.1m | €950,003 | ▼ 10.6% |
| Fixed assets21/28 | €109,618 | €105,308 | €106,436 | €148,796 | €128,872 | ▼ 13.4% |
| Tangible fixed assets22/27 | €78,857 | €74,548 | €75,676 | €117,993 | €98,069 | ▼ 16.9% |
| Land and buildings22 | - | €65,647 | €59,083 | €52,519 | €45,955 | ▼ 12.5% |
| Plant, machinery and equipment23 | - | €3,978 | €2,485 | €2,083 | €1,302 | ▼ 37.5% |
| Furniture and vehicles24 | - | €4,923 | €14,109 | €63,391 | €50,813 | ▼ 19.8% |
| Financial fixed assets28 | €30,760 | €30,760 | €30,760 | €30,803 | €30,803 | = |
| Current assets29/58 | €435,865 | €641,908 | €659,785 | €914,026 | €821,131 | ▼ 10.2% |
| Stocks and contracts in progress3 | €40,751 | €20,685 | €2,828 | €52,828 | €92,828 | ▲ 75.7% |
| Contracts in progress37 | - | €20,685 | €2,828 | €52,828 | €92,828 | ▲ 75.7% |
| Amounts receivable within one year40/41 | €229,932 | €310,869 | €255,710 | €149,586 | €167,949 | ▲ 12.3% |
| Trade receivables40 | - | €301,135 | €255,689 | €139,900 | €154,500 | ▲ 10.4% |
| Other amounts receivable41 | - | €9,734 | €21 | €9,686 | €13,449 | ▲ 38.9% |
| Current investments50/53 | - | - | - | €7 | €7 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €164,869 | €309,384 | €400,151 | €710,467 | €559,187 | ▼ 21.3% |
| Deferred charges and accrued income490/1 | - | €970 | €1,096 | €1,137 | €1,160 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €545,483 | €747,216 | €766,221 | €1.1m | €950,003 | ▼ 10.6% |
| Equity10/15 | €337,974 | €425,490 | €500,982 | €554,828 | €555,125 | ▲ 0.1% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Capital10 | - | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Issued capital100 | - | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Reserves13 | €247,385 | €334,901 | €410,393 | €464,239 | €464,536 | ▲ 0.1% |
| Non-distributable reserves130/1 | - | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Legal reserve130 | - | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Distributable reserves133 | - | €325,901 | €401,393 | €455,239 | €455,536 | ▲ 0.1% |
| Profit (loss) carried forward14 | €589 | €589 | €589 | €589 | €589 | = |
| Provisions and deferred taxes16 | €8,570 | €4,103 | €2,002 | €837 | €271 | ▼ 67.6% |
| Provisions for liabilities and charges160/5 | - | €4,103 | €2,002 | €837 | €271 | ▼ 67.6% |
| Other liabilities and charges164/5 | - | €4,103 | €2,002 | €837 | €271 | ▼ 67.6% |
| Amounts payable17/49 | €198,938 | €317,623 | €263,237 | €507,157 | €394,607 | ▼ 22.2% |
| Amounts payable after more than one year17 | €84,148 | €73,329 | €62,305 | €92,205 | €70,462 | ▼ 23.6% |
| Financial debts170/4 | - | €73,329 | €62,305 | €92,205 | €70,462 | ▼ 23.6% |
| Amounts payable within one year42/48 | €108,732 | €223,265 | €193,532 | €413,935 | €323,127 | ▼ 21.9% |
| Current portion of amounts payable after more than one year42 | - | €10,819 | €11,023 | €21,230 | €21,742 | ▲ 2.4% |
| Trade debts44 | €65,177 | €178,342 | €146,455 | €141,569 | €121,864 | ▼ 13.9% |
| Suppliers440/4 | - | €178,342 | €146,455 | €141,569 | €121,864 | ▼ 13.9% |
| Advances received on contracts in progress46 | - | - | - | €225,396 | €143,434 | ▼ 36.4% |
| Taxes, remuneration and social security45 | - | €21,570 | €28,386 | €17,153 | €20,266 | ▲ 18.1% |
| Taxes450/3 | - | €9,601 | €12,720 | €588 | €1,505 | ▲ 156% |
| Remuneration and social security454/9 | - | €11,969 | €15,666 | €16,566 | €18,762 | ▲ 13.3% |
| Other amounts payable47/48 | - | €12,533 | €7,668 | €8,587 | €15,821 | ▲ 84.2% |
| Accrued charges and deferred income492/3 | - | €21,030 | €7,399 | €1,018 | €1,018 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,689 | €87,516 | €75,492 | €53,845 | €297 | ▼ 99.4% |
| + Depreciation and write-downs630 | €20,737 | €8,789 | €12,684 | €17,521 | €21,904 | ▲ 25.0% |
| Operating cash flow (approximation) | €22,426 | €96,305 | €88,176 | €71,366 | €22,201 | ▼ 68.9% |
| Investment in fixed assets (approximation) | - | -€4,479 | -€13,813 | -€59,880 | -€1,980 | ▲ 96.7% |
| Change in cash | - | €144,515 | €90,767 | €310,316 | -€151,280 | ▼ 149% |
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
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €297 ▼99.4%
Net result drops to €297, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €500,000Eq €500,982 ▲17.7%
5 profitable years in a row build equity to €500,982.
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
31-03
Financial
Highest result since 2019net €87,516 ▲5,081%
Operating result €138,344, net result €87,516, both a record.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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 2003
Ground area
6,606 m²
Building footprint
2,028 m²
Volume, LiDAR
47,312 m³
Parcel 24433E0025/00C002, Flanders · tallest building 32.1 m, ±9 floors. Linked by address, not a title deed.
136
companies at this address
See who is registered here
1 establishment unit
BA
since 20032.132.410.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0025/00C002 | Flanders | 6,606 m² | 1 · 2,027 m² | 32.0 m · 9 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.
Public money · subsidies and aid
European Union, budget
2023 · 1 entry · 307,357 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 1 | 307,357 EUR |
Projects
CYSSME - CYBERSECURITY AND DATA PROTECTION FOR SMALL, MEDIUM AND MICRO ENTERPRISES
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,070 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-02-2003
Fiscal year end31-03
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
58290Other software publishing
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.