B-SIDE
ActiveSummary
B-SIDE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €628,924. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 1438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+2
Solvency85▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.24 against 2.81 in 2024; short-term debt: 35.1% and cash: 29.4% of total assets), and 40.4% 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
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
59.6%
Return on assets
22.1%
Age of the figures
11 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 31-08-2026, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
92 d late
2024
31 d early
2023
3 d late
2022
85 d early
2021
7 d early
2020
116 d early
2019
124 d early
← 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 38 days before 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 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-10-2026 close31-05-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Tournai, Telecoms and IT sector#2 company by equity in Tournai, Telecoms and IT sector#9 oldest company in Tournai, Telecoms and IT sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€628,924▲ 19.7%
2024 · €525,260
Working capital
€1.2m▼ 4.4%
2024 · €1.3m
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
Operating result€162,187▲ 165%€361,165▲ 123%€531,455▲ 47.2%€599,917▲ 12.9%€760,387▲ 26.7%
Net result€172,396▲ 93.4%€326,701▲ 89.5%€405,213▲ 24.0%€525,260▲ 29.6%€628,924▲ 19.7%
Equity€1.1m▼ 1.3%€1.1m▲ 3.5%€1.3m▲ 16.1%€1.7m▲ 24.5%€1.7m▲ 2.2%
Total assets€1.4m▲ 3.8%€1.6m▲ 18.4%€1.9m▲ 16.7%€2.6m▲ 34.7%€2.8m▲ 10.5%
Debt€275,326▲ 30.8%€490,447▲ 78.1%€579,650▲ 18.2%€916,513▲ 58.1%€1.1m▲ 25.4%
Working capital€852,872▲ 6.8%€867,696▲ 1.7%€1.1m▲ 31.3%€1.3m▲ 13.4%€1.2m▼ 4.4%
Staff (FTE)8▲ 40.4%9.8▲ 22.5%11.4▲ 16.3%12▲ 5.3%12.6▲ 5.0%
Why a figure moved sharply
- 2022 Net result +90% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€610,929 ▲ 7.2%
Current assets
€2.2m ▲ 11.4%
Equity and liabilities €2.8m
Equity
€1.7m ▲ 2.2%
Debt
€1.1m ▲ 25.4%
Debt's share of the balance-sheet total rises from 35.6% to 40.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€822,790▲
2024 · €635,958
Cash flow
€691,328▲
2024 · €561,301
Current ratio
2.24▼
2024 · 2.81
Debt to equity
0.68▲
2024 · 0.55
ROE
37.1%▲
2024 · 31.7%
ROA
22.1%▲
2024 · 20.4%
Interest coverage
17.70▼
2024 · 114.26
Debt ≤ 1 year
€998,076▲
2024 · €712,485
Debt > 1 year
€151,424▼
2024 · €204,028
Income taxes
€130,823▲
2024 · €80,526
Staff costs
€744,974▲
2024 · €618,501
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €357,985 | €480,041 | €600,005 | €618,501 | €744,974 | ▲ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,638 | €72,604 | €57,356 | €36,041 | €62,404 | ▲ 73.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €5,715 | €7,653 | €5,438 | €6,679 | €13,830 | ▲ 107% |
| Non-recurring operating charges66A | €5,679 | €0 | - | - | - | - |
| Gross operating margin9900 | €612,204 | €921,463 | €1.2m | €1.3m | €1.6m | ▲ 25.4% |
| Operating profit (loss)9901 | €162,187 | €361,165 | €531,455 | €599,917 | €760,387 | ▲ 26.7% |
| Financial income75/76B | €32,665 | €13,563 | €3,787 | €11,435 | €45,837 | ▲ 301% |
| Recurring financial income75 | €23,565 | €13,563 | €3,787 | €11,435 | €45,837 | ▲ 301% |
| Non-recurring financial income76B | €9,100 | €0 | - | - | - | - |
| Financial charges65/66B | €3,164 | €2,485 | €52,346 | €5,566 | €46,477 | ▲ 735% |
| Recurring financial charges65 | €3,164 | €2,485 | €2,346 | €5,566 | €46,477 | ▲ 735% |
| Non-recurring financial charges66B | - | - | €50,000 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €191,687 | €372,243 | €482,897 | €605,786 | €759,747 | ▲ 25.4% |
| Income taxes67/77 | €19,291 | €45,541 | €77,684 | €80,526 | €130,823 | ▲ 62.5% |
| Profit (loss) for the period9904 | €172,396 | €326,701 | €405,213 | €525,260 | €628,924 | ▲ 19.7% |
| Profit (loss) for the period to be appropriated9905 | €172,396 | €326,701 | €405,213 | €525,260 | €628,924 | ▲ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.6m | €1.9m | €2.6m | €2.8m | ▲ 10.5% |
| Fixed assets21/28 | €340,699 | €345,941 | €250,157 | €570,066 | €610,929 | ▲ 7.2% |
| Intangible fixed assets21 | €7,267 | €0 | - | - | €59,158 | - |
| Tangible fixed assets22/27 | €313,023 | €275,531 | €229,747 | €522,656 | €497,271 | ▼ 4.9% |
| Land and buildings22 | €153,549 | €141,193 | €128,837 | €437,440 | €408,996 | ▼ 6.5% |
| Plant, machinery and equipment23 | €84,497 | €74,582 | €67,656 | €52,366 | €23,667 | ▼ 54.8% |
| Furniture and vehicles24 | €62,728 | €47,507 | €21,005 | €20,601 | €52,359 | ▲ 154% |
| Other tangible fixed assets26 | €12,249 | €12,249 | €12,249 | €12,249 | €12,249 | = |
| Financial fixed assets28 | €20,410 | €70,410 | €20,410 | €47,410 | €54,500 | ▲ 15.0% |
| Current assets29/58 | €1.0m | €1.3m | €1.7m | €2.0m | €2.2m | ▲ 11.4% |
| Amounts receivable after more than one year29 | €0 | - | €430,000 | €0 | - | - |
| Trade receivables290 | €0 | - | €430,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €507,152 | €564,969 | €815,351 | €847,470 | €966,056 | ▲ 14.0% |
| Trade receivables40 | €372,157 | €410,961 | €701,751 | €648,482 | €731,193 | ▲ 12.8% |
| Other amounts receivable41 | €134,996 | €154,008 | €113,600 | €198,988 | €234,863 | ▲ 18.0% |
| Current investments50/53 | €0 | - | - | - | €414,607 | - |
| Cash at bank and in hand54/58 | €527,875 | €722,322 | €404,263 | €1.2m | €837,026 | ▼ 27.4% |
| Deferred charges and accrued income490/1 | €7,513 | €4,127 | €10,978 | €2,760 | €14,911 | ▲ 440% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €1.9m | €2.6m | €2.8m | ▲ 10.5% |
| Equity10/15 | €1.1m | €1.1m | €1.3m | €1.7m | €1.7m | ▲ 2.2% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €976,528 | €1.0m | €1.2m | €1.5m | €1.6m | ▲ 2.6% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Tax-exempt reserves132 | €9,198 | €9,198 | €9,198 | €9,198 | €9,198 | = |
| Distributable reserves133 | €957,330 | €1.0m | €1.2m | €1.5m | €1.6m | ▲ 2.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Investment grants15 | €31,386 | €19,469 | €17,743 | €15,009 | €11,268 | ▼ 24.9% |
| Amounts payable17/49 | €275,326 | €490,447 | €579,650 | €916,513 | €1.1m | ▲ 25.4% |
| Amounts payable after more than one year17 | €81,876 | €66,632 | €52,604 | €204,028 | €151,424 | ▼ 25.8% |
| Financial debts170/4 | €80,660 | €66,632 | €52,604 | €201,328 | €148,724 | ▼ 26.1% |
| Other amounts payable178/9 | €1,216 | €0 | - | €2,700 | €2,700 | = |
| Amounts payable within one year42/48 | €189,668 | €423,722 | €521,689 | €712,485 | €998,076 | ▲ 40.1% |
| Current portion of amounts payable after more than one year42 | €14,028 | €14,028 | €14,028 | €51,276 | €52,604 | ▲ 2.6% |
| Financial debts43 | €1,277 | €1,087 | €4,178 | €0 | €1,574 | - |
| Credit institutions430/8 | €1,277 | €1,087 | €4,178 | €0 | €1,574 | - |
| Trade debts44 | €66,188 | €55,167 | €61,563 | €108,576 | €65,943 | ▼ 39.3% |
| Suppliers440/4 | €66,188 | €55,167 | €61,563 | €108,576 | €65,943 | ▼ 39.3% |
| Advances received on contracts in progress46 | €536 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €97,884 | €144,267 | €140,838 | €202,414 | €218,275 | ▲ 7.8% |
| Taxes450/3 | €36,464 | €59,744 | €47,030 | €104,791 | €111,459 | ▲ 6.4% |
| Remuneration and social security454/9 | €61,420 | €84,523 | €93,808 | €97,623 | €106,816 | ▲ 9.4% |
| Other amounts payable47/48 | €9,756 | €209,173 | €301,082 | €350,220 | €659,680 | ▲ 88.4% |
| Accrued charges and deferred income492/3 | €3,781 | €93 | €5,357 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €172,396 | €326,701 | €405,213 | €525,260 | €628,924 | ▲ 19.7% |
| + Depreciation and write-downs630 | €80,638 | €72,604 | €57,356 | €36,041 | €62,404 | ▲ 73.1% |
| Operating cash flow (approximation) | €253,034 | €399,305 | €462,569 | €561,301 | €691,328 | ▲ 23.2% |
| Investment in fixed assets (approximation) | - | -€77,846 | €38,428 | -€355,950 | -€103,267 | ▲ 71.0% |
| Change in cash | - | €194,448 | -€318,059 | €749,046 | -€316,283 | ▼ 142% |
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 · full schema · 92 days late
2025
31-10
Financial
Highest result since 2018net €628,924 ▲19.7%
Operating result €760,387, net result €628,924, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 3 days late
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-10
Financial
Weakest financial yearnet €89,148 ▼54.6%
Net result drops to €89,148, the lowest in the series; recovery starts the following year.
31-10
Financial
Liquidity doublescurrent ratio 7.97
Current ratio from 3.41 to 7.97; short-term debt falls from €272,510 to €114,647.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-10
Financial
Equity above €1mEq €1.0m ▲25.4%
2 profitable years in a row build equity to €1.0m.
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Tournai · 2 establishment units since 2009
Ground area
4,951 m²
Building footprint
1,527 m²
Volume, LiDAR
19,392 m³
Parcel 57042C0786/00M002, Wallonia · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
B-Side
since 20092.261.491.157
B-SIDE
since 20112.204.481.782
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57042C0786/00M002 | Wallonia | 4,951 m² | 1 · 1,527 m² | 14.7 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 3,214 companies in sector 62900 we hold annual accounts for 1,743. 609 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
Founded27-01-2000
Fiscal year end31-10
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
62200Computer consultancy and computer facilities management
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0470199481
Registered
20-02-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.