Belgian Software Support
ActiveSummary
Belgian Software Support has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€69,184) and a net result of €2,254. Equity has been growing by about 17% per year since 2019. Its solvency ranks better than 14% of 5,717 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-02-1988 Normal situation
- Activity
- Other personal services NACE 96999and 1 other
- Establishment unit
- 2.035.576.474 2870 Puurs-Sint-Amands, since 19-02-1988
- Financial year end
- 30 September
- Peppol
- Reachable since 19-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€5,022
- Profit
- €2,254
- Equity
- -€69,184
- ▲ 3.2%
- Total assets
- €92,344
- ▼ 30.1%
- Negative equity on 30-09-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€69,184lowers riskFounded in 1988Size: total assets €92,344Liquidity: current ratio 2.70, cash €36,920Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 96, micro). It does better than 11% of them on solvency, 86% on liquidity, 24% on profitability and 47% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 40 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-04-2026 PDF all 37 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €10,335, after a profit of €39,586 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €898 | €2,336 | €1,322 | - |
| Depreciation and write-downs of the year | €10,985 | €5,641 | €6,406 | €6,665 | €4,723 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €28,777 | €13,622 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,459 | €23,106 | €10,985 | €5,641 | €6,406 | €6,665 | €4,723 | ▼ 29.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €65 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €10,500 | - | - | - |
| Other operating charges640/8 | - | - | €2,711 | €4,267 | €2,514 | €3,149 | €591 | ▼ 81.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €2,054 | - | - |
| Gross operating margin9900 | €12,326 | €3,450 | €8,622 | €80,129 | €58,643 | €51,454 | -€5,022 | - |
| Operating profit (loss)9901 | -€41,122 | -€22,036 | -€5,074 | €70,221 | €39,158 | €39,586 | -€10,335 | - |
| Financial income75/76B | - | - | €1 | €7,632 | €6,007 | €29,593 | €3,581 | ▼ 87.9% |
| Recurring financial income75 | €787 | €6 | €1 | €7,632 | €6,007 | €29,593 | €3,581 | ▼ 87.9% |
| Non-recurring financial income76B | - | - | - | €7,632 | €6,007 | - | - | - |
| Financial charges65/66B | - | - | €141 | €175 | €7,553 | €19,647 | €125 | ▼ 99.4% |
| Recurring financial charges65 | €124 | €141 | €141 | €175 | €7,553 | €19,647 | €125 | ▼ 99.4% |
| Non-recurring financial charges66B | - | - | - | €175 | €7,553 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€40,459 | -€22,511 | -€5,214 | €77,678 | €37,612 | €49,532 | -€6,879 | - |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €8,500 | - |
| Income taxes67/77 | -€738 | -€588 | €315 | - | €50 | €63,738 | -€633 | - |
| Profit (loss) for the period9904 | -€39,722 | -€21,923 | -€5,529 | €77,678 | €37,562 | -€14,207 | €2,254 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €2,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€39,722 | -€21,923 | -€5,529 | €77,678 | €37,562 | -€12,207 | €2,254 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €75,542 | €52,327 | €41,417 | €95,287 | €119,663 | €132,157 | €92,344 | ▼ 30.1% |
| Fixed assets21/28 | €60,031 | €36,925 | €25,940 | €21,197 | €17,128 | €11,784 | €7,061 | ▼ 40.1% |
| Tangible fixed assets22/27 | €60,031 | €36,925 | €25,940 | €21,197 | €17,128 | €11,784 | €7,061 | ▼ 40.1% |
| Plant, machinery and equipment23 | - | - | €6,610 | €5,288 | €4,858 | €4,004 | €1,322 | ▼ 67.0% |
| Furniture and vehicles24 | - | - | - | - | - | €0 | €794 | - |
| Other tangible fixed assets26 | - | - | €19,330 | €15,909 | €12,270 | €7,780 | €4,945 | ▼ 36.4% |
| Current assets29/58 | €15,511 | €15,402 | €15,477 | €74,089 | €102,536 | €120,373 | €85,282 | ▼ 29.2% |
| Amounts receivable within one year40/41 | €7,453 | €9,809 | €9,069 | €33,869 | €11,381 | €19,958 | €8,800 | ▼ 55.9% |
| Trade receivables40 | - | - | €3,342 | €27,746 | €3,644 | €16,457 | €4,368 | ▼ 73.5% |
| Other amounts receivable41 | - | - | €5,728 | €6,122 | €7,737 | €3,501 | €4,433 | ▲ 26.6% |
| Current investments50/53 | €349 | €10 | €10 | - | €79,009 | €59,279 | €39,562 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €7,709 | €5,582 | €6,397 | €40,221 | €12,146 | €41,137 | €36,920 | ▼ 10.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €75,542 | €52,327 | €41,417 | €95,287 | €119,663 | €132,157 | €92,344 | ▼ 30.1% |
| Equity10/15 | -€122,020 | -€143,943 | -€149,472 | -€71,794 | -€59,232 | -€71,439 | -€69,184 | ▲ 3.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€142,471 | -€164,394 | -€169,923 | -€92,245 | -€79,683 | -€91,890 | -€89,636 | ▲ 2.5% |
| Provisions and deferred taxes16 | €50,000 | €50,000 | €50,000 | €50,000 | €60,500 | €58,500 | €50,000 | ▼ 14.5% |
| Provisions for liabilities and charges160/5 | - | - | €50,000 | €50,000 | €60,500 | €58,500 | €50,000 | ▼ 14.5% |
| Pensions and similar obligations160 | - | - | €50,000 | €50,000 | €60,500 | €50,000 | €50,000 | = |
| Major repairs and maintenance162 | - | - | - | - | - | €8,500 | - | - |
| Amounts payable17/49 | €147,562 | €146,270 | €140,889 | €117,081 | €118,395 | €145,096 | €111,528 | ▼ 23.1% |
| Amounts payable after more than one year17 | €40,000 | €40,000 | €50,000 | €50,000 | €50,000 | €80,000 | €80,000 | = |
| Financial debts170/4 | - | - | €50,000 | €50,000 | €50,000 | €80,000 | €80,000 | = |
| Amounts payable within one year42/48 | €59,104 | €57,812 | €90,889 | €67,081 | €66,346 | €65,096 | €31,528 | ▼ 51.6% |
| Trade debts44 | €274 | €96 | €13 | €1,015 | €644 | €5,405 | €901 | ▼ 83.3% |
| Suppliers440/4 | - | - | €13 | €1,015 | €644 | €5,405 | €901 | ▼ 83.3% |
| Taxes, remuneration and social security45 | - | - | €3,644 | €3,633 | €3,643 | €3,643 | €3,643 | = |
| Taxes450/3 | - | - | €3,644 | €3,633 | €3,643 | €3,643 | €3,643 | = |
| Other amounts payable47/48 | - | - | €87,233 | €62,433 | €62,059 | €56,048 | €26,984 | ▼ 51.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,049 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,722 | -€21,923 | -€5,529 | €77,678 | €37,562 | -€14,207 | €2,254 | - |
| + Depreciation and write-downs630 | €23,459 | €23,106 | €10,985 | €5,641 | €6,406 | €6,665 | €4,723 | ▼ 29.1% |
| Operating cash flow (approximation) | -€16,262 | €1,183 | €5,456 | €83,319 | €43,968 | -€7,542 | €6,977 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€898 | -€2,336 | -€1,322 | €0 | - |
| Change in cash | - | -€2,126 | €815 | €33,823 | -€28,075 | €28,991 | -€4,217 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,449 companies had the same profile as Belgian Software Support has now. Two years later, 2.5% had gone bankrupt and 92.2% were still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Belgian Software Support itself is lower: 0.2% within 12 months. It rests on far more data about Belgian Software Support than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,449 companies, not a prediction for Belgian Software Support. 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.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 28-04-2026 | 2026-00090710 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00081460 | |
| 30-09-2023 | abbreviated format | 21-03-2024 | 2024-00046902 | |
| 30-09-2022 | micro format | 05-06-2023 | 2023-00108530 | |
| 30-09-2021 | micro format | 26-03-2023 | 2023-00045239 | |
| 30-09-2020 | abbreviated format | 18-04-2021 | 2021-10500554 | |
| 30-09-2019 | micro format | 31-03-2020 | 2020-08100278 | |
| 30-09-2018 | micro format | 10-05-2019 | 2019-12700120 | |
| 30-09-2017 | micro format | 13-05-2018 | 2018-12700584 | |
| 30-09-2016 | abbreviated format | 11-06-2017 | 2017-18400186 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Belgian Software Support shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Belgian Software Support. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12008B0428/00E000 | Flanders | 2,996 m² | 1 · 297 m² | 8.7 m · 2 |
| 12032C0547/00T005 | Flanders | 216 m² | 1 · 113 m² | 9.3 m · 1 |