Financials
- Fiscal year
- 2025
- Turnover
- €7.6m
- Profit
- €760,570
- Solvency
- 46.9%
Turnover▲ 5.7%
Net result
20182025
BASWARE BELGIUM
ActiveSummary
BASWARE BELGIUM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €760,570. Equity is growing by ~55.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Computing infrastructure, data processing, hosting and related activities
NACE 63100Wholesale of information and communication equipment NACE 46500NACE 46510
1 site
How big
€7.6mturnover 2025
- Staff
- 8.9 FTE
- Equity
- €2.3m
- Profit
- €760,570
Who decides
- Parent
- Basware Corporation · 99.99%
- Board
- 3 members
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 25 d early
Why 93- 1 change of registered office in 24 months+ Size: turnover €7.6m, 8.9 FTE, total assets €4.9m+ Liquidity: current ratio 3.11, cash €591,641+ Profit of €760,570 (FY 2025)Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Better than 48% of its sector peers (NACE 63, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
72+24
equity 46.9% of total assets
Liquidity
51+26
short-term debt 32.1% · cash 12.0%
Profitability
80-11
return on assets 15.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%▲ +1.3% vs 11-2024
01-2025: 0.3%● 0.0% vs 12-2024
02-2025: 0.3%▼ -2.0% vs 01-2025
03-2025: 0.3%● 0.0% vs 02-2025
04-2025: 0.6%▲ +89.9% vs 03-2025
05-2025: 0.6%▲ +0.9% vs 04-2025
06-2025: 0.6%▲ +0.5% vs 05-2025
07-2025: 0.6%▲ +9.6% vs 06-2025highest value
08-2025: 0.4%▼ -39.5% vs 07-2025
09-2025: 0.4%● 0.0% vs 08-2025
10-2025: 0.4%● 0.0% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%● 0.0% vs 11-2025
01-2026: 0.4%● 0.0% vs 12-2025
02-2026: 0.4%▼ -3.4% vs 01-2026
03-2026: 0.4%▲ +1.6% vs 02-2026
04-2026: 0.4%▲ +7.8% vs 03-2026
05-2026: 0.4%▲ +2.3% vs 04-2026
06-2026: 0.4%▲ +2.4% vs 05-2026
07-2026: 0.4%▲ +6.7% vs 06-2026
08-2026: 0.1%▼ -76.5% vs 07-2026lowest value
09-2026: 0.1%● 0.0% vs 08-2026lowest value
10-2026: 0.1%● 0.0% vs 09-2026lowest value
- 1 change of registered office in 24 months raises the probability
- Size: turnover €7.6m, 8.9 FTE, total assets €4.9m lowers the probability for this profile
- Liquidity: current ratio 3.11, cash €591,641 lowers the probability
- Profit of €760,570 (FY 2025) lowers the probability
Credit up to €210,000 at 30 days acceptable
Liquidity ample (current ratio 3.11 against 1.74 in 2024; short-term debt: 32.1% and cash: 12% of total assets), but 53.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 63, micro). Better than this share of them on solvency 44%, liquidity 34%, profitability 48%, growth against the median 68%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
7 d early
2023
6 d early
2022
27 d early
2021
27 d early
2020
23 d early
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 16 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% 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 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Equity above €2mEq €2.3m ▲49.1%
- Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Brecht De Ketele
Key points
- Positive: Among the best 16% on net resultsector median €39,864 · 200 companies €760,570 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €760,570 8 years View
- Positive: Equity rose in 2025from €1.5m to €2.3m ▲ 49.1% View
- Known shareholderslargest: Basware Corporation 99.99% 100% View
By topic
Board & ownership
- Board
- 3 members
- Largest shareholder
- Basware Corporation · 99.99%
- Known shareholders
- 100%
- Auditor
- Ernst et Young Reviseurs…
Go to Board & ownership
Network & group
- Mergers and contributions
- 1
Timeline
- Events
- 35
- Since
- 2012
- Next accounts
- by 31-07-2027
- 06-07-2026Annual accounts filed
- 31-12-2025Equity above €2m
- 04-11-2025Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Computing infrastructure, data processing, hosting and related activitiesNACE 63100
- Founded
- 15-11-2012
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- Het ontwikkelen, verkopen en commercialiseren van computer software, van trainings-…
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