B.C.I.
ActiveSummary
B.C.I. has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of -€40,542. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 65% of 2737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+4
Solvency89=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.52 in 2024; short-term debt: 3.8% and cash: 0.4% of total assets), and 36.2% of the assets are financed with debt.
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Signals
Seven 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 →
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
63.8%
Return on assets
-2.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€40,542
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
28 d late
2022
9 d late
2021
29 d late
2020
26 d late
2019
60 d late
← 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 30 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.0m▼ 3.7%
2024 · €1.1m
Total assets
€1.6m▼ 4.0%
2024 · €1.7m
Net result
-€40,542▲ 1.5%
2024 · -€41,180
Working capital
-€54,797▼ 104%
2024 · -€26,848
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,500▼ 441%-€13,534▼ 17.7%-€15,939▼ 17.8%-€34,457▼ 116%-€33,219▲ 3.6%
Net result-€11,595below the sector's middle half▼ 427%-€19,875below the sector's middle half▼ 71.4%-€21,133below the sector's middle half▼ 6.3%-€41,180below the sector's middle half▼ 94.9%-€40,542below the sector's middle half▲ 1.5%
Equity€1.2mabove the sector's middle half▼ 1.0%€1.1mabove the sector's middle half▼ 1.7%€1.1mabove the sector's middle half▼ 1.8%€1.1mabove the sector's middle half▼ 3.7%€1.0mabove the sector's middle half▼ 3.7%
Total assets€1.5mabove the sector's middle half▲ 26.4%€1.6mabove the sector's middle half▲ 4.5%€1.8mabove the sector's middle half▲ 16.9%€1.7mabove the sector's middle half▼ 6.4%€1.6mabove the sector's middle half▼ 4.0%
Debt€321,970€409,066▲ 27.1%€692,322▲ 69.2%€617,524▼ 10.8%€589,380▼ 4.6%
Working capital€149,290above the sector's middle half€130,220above the sector's middle half▼ 12.8%-€15,105below the sector's middle half-€26,848below the sector's middle half▼ 77.7%-€54,797below the sector's middle half▼ 104%
Solvency78.3%within the sector's middle half▼ 21.7pp73.7%within the sector's middle half▼ 4.7pp61.8%within the sector's middle half▼ 11.8pp63.6%within the sector's middle half▲ 1.8pp63.8%within the sector's middle half▲ 0.2pp
Current ratio8.82above the sector's middle half7.63above the sector's middle half▼ 1.180.85below the sector's middle half▼ 6.790.52below the sector's middle half▼ 0.330.12below the sector's middle half▼ 0.41
Return on assets (ROA)-0.8%below the sector's middle half▼ 0.6pp-1.3%below the sector's middle half▼ 0.5pp-1.2%below the sector's middle half▲ 0.1pp-2.4%below the sector's middle half▼ 1.3pp-2.5%below the sector's middle half▼ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
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 stays negative: a loss of €33,219 in 2025 against €34,457 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.6m ▼ 2.8%
Current assets
€7,150 ▼ 75.6%
Equity and liabilities €1.6m
Equity
€1.0m ▼ 3.7%
Debt
€589,380 ▼ 4.6%
Debt's share of the balance-sheet total falls from 36.4% to 36.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29,294▲
2024 · €26,456
Cash flow
€21,971▲
2024 · €19,733
Debt to equity
0.57▼
2024 · 0.57
ROE
-3.9%▼
2024 · -3.8%
Interest coverage
4.00▲
2024 · 3.51
Debt ≤ 1 year
€61,947▲
2024 · €56,171
Debt > 1 year
€527,433▼
2024 · €561,353
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,611 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,554 | €20,295 | €29,287 | €60,913 | €62,513 | ▲ 2.6% |
| Other operating charges640/8 | €29,724 | €36,888 | €33,762 | €38,675 | €37,286 | ▼ 3.6% |
| Gross operating margin9900 | €45,778 | €43,648 | €47,110 | €65,131 | €66,580 | ▲ 2.2% |
| Operating profit (loss)9901 | -€11,500 | -€13,534 | -€15,939 | -€34,457 | -€33,219 | ▲ 3.6% |
| Financial income75/76B | - | - | €1,712 | €819 | - | - |
| Recurring financial income75 | - | - | €1,712 | €819 | - | - |
| Financial charges65/66B | €95 | €6,341 | €6,906 | €7,542 | €7,323 | ▼ 2.9% |
| Recurring financial charges65 | €95 | €6,341 | €6,906 | €7,542 | €7,323 | ▼ 2.9% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | -€11,595 | -€19,875 | -€21,133 | -€41,180 | -€40,542 | ▲ 1.5% |
| Profit (loss) for the period9904 | -€11,595 | -€19,875 | -€21,133 | -€41,180 | -€40,542 | ▲ 1.5% |
| Profit (loss) for the period to be appropriated9905 | -€11,595 | -€19,875 | -€21,133 | -€41,180 | -€40,542 | ▲ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.6m | €1.8m | €1.7m | €1.6m | ▼ 4.0% |
| Fixed assets21/28 | €1.3m | €1.4m | €1.7m | €1.7m | €1.6m | ▼ 2.8% |
| Tangible fixed assets22/27 | €1.3m | €1.4m | €1.7m | €1.7m | €1.6m | ▼ 2.8% |
| Land and buildings22 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 2.7% |
| Plant, machinery and equipment23 | - | €106,052 | €457,224 | €429,786 | €416,747 | ▼ 3.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €168,382 | €149,847 | €84,387 | €29,323 | €7,150 | ▼ 75.6% |
| Amounts receivable within one year40/41 | €47 | €1,860 | €78,370 | €18,251 | - | - |
| Trade receivables40 | - | €1,860 | €78,370 | €18,251 | - | - |
| Other amounts receivable41 | €47 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €168,335 | €147,987 | €6,017 | €11,072 | €7,150 | ▼ 35.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.6m | €1.8m | €1.7m | €1.6m | ▼ 4.0% |
| Equity10/15 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 3.7% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Revaluation surpluses12 | €1 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €4,510 | €4,510 | €4,510 | €4,510 | €4,510 | = |
| Non-distributable reserves130/1 | €4,510 | €4,510 | €4,510 | €4,510 | €4,510 | = |
| Legal reserve130 | €4,510 | €4,510 | €4,510 | €4,510 | €4,510 | = |
| Profit (loss) carried forward14 | €24,231 | €4,356 | -€16,777 | -€57,957 | -€98,499 | ▼ 70.0% |
| Amounts payable17/49 | €321,970 | €409,066 | €692,322 | €617,524 | €589,380 | ▼ 4.6% |
| Amounts payable after more than one year17 | €302,878 | €389,439 | €592,829 | €561,353 | €527,433 | ▼ 6.0% |
| Financial debts170/4 | €302,878 | €389,439 | €592,829 | €561,353 | €527,433 | ▼ 6.0% |
| Amounts payable within one year42/48 | €19,092 | €19,627 | €99,492 | €56,171 | €61,947 | ▲ 10.3% |
| Current portion of amounts payable after more than one year42 | €14,786 | €14,939 | €32,041 | €31,475 | €61,330 | ▲ 94.9% |
| Trade debts44 | €2,715 | €2,629 | €62,995 | €748 | - | - |
| Suppliers440/4 | €2,715 | €2,629 | €62,995 | €748 | - | - |
| Taxes, remuneration and social security45 | €1,592 | €2,060 | €4,457 | €949 | €617 | ▼ 35.0% |
| Taxes450/3 | €1,592 | €2,060 | €4,457 | €949 | €617 | ▼ 35.0% |
| Other amounts payable47/48 | - | - | - | €23,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,595 | -€19,875 | -€21,133 | -€41,180 | -€40,542 | ▲ 1.5% |
| + Depreciation and write-downs630 | €27,554 | €20,295 | €29,287 | €60,913 | €62,513 | ▲ 2.6% |
| Operating cash flow (approximation) | €15,958 | €420 | €8,154 | €19,733 | €21,971 | ▲ 11.3% |
| Investment in fixed assets (approximation) | - | -€106,052 | -€356,869 | €0 | -€16,000 | - |
| Change in cash | - | -€20,348 | -€141,970 | €5,055 | -€3,922 | ▼ 178% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€41,180
Net result drops to -€41,180, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Malmedy · 1 establishment unit since 1988
Ground area
199 m²
Building footprint
72 m²
Volume, LiDAR
877 m³
Parcel 63049C0273/00F000, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Solvaystraße 14, 4780 Sankt Vith
since 19882.037.566.459
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049C0273/00F000 | Wallonia | 199 m² | 1 · 72 m² | 14.6 m · 4 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 16,913 companies in sector 62100 we hold annual accounts for 8,786. 4,026 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
Founded05-04-1988
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433959192
Also
9925:BE0433959192
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.