BINARY ART
ActiveSummary
BINARY ART has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €20k. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 40% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency73▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.95 in 2024; short-term debt: 50.6% and cash: 14.7% of total assets), but 52.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · 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
47.6%
Return on assets
27%
Age of the figures
12 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
30 d early
2024
30 d early
2023
30 d early
2022
31 d early
2021
30 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 0.7%
2024 · €35k
2019: €8klowest in 7 years
2020: €8k▲ +2.2% vs 2019
2021: €8k▲ +0.3% vs 2020
2022: €8k▲ +2.0% vs 2021
2023: €21k▲ +144% vs 2022
2024: €35k▲ +71.4% vs 2023
2025: €36k▲ +0.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€75k▲ 18.4%
2024 · €63k
2019: €89khighest in 7 years
2020: €73k▼ -17.7% vs 2019
2021: €50k▼ -31.9% vs 2020lowest in 7 years
2022: €58k▲ +16.1% vs 2021
2023: €53k▼ -7.8% vs 2022
2024: €63k▲ +19.1% vs 2023
2025: €75k▲ +18.4% vs 2024
2019 → 2025
Net result
€20k▼ 31.9%
2024 · €30k
2019: €25k
2020: €20k▼ -18.9% vs 2019
2021: €7k▼ -65.7% vs 2020lowest in 7 years
2022: €30k▲ +335% vs 2021highest in 7 years
2023: €14k▼ -52.6% vs 2022
2024: €30k▲ +108% vs 2023
2025: €20k▼ -31.9% vs 2024
2019 → 2025
Working capital
€26k▲ 3.2%
2024 · €25k
2019: €-8k
2020: €-8k▲ +1.2% vs 2019
2021: €-11k▼ -49.5% vs 2020lowest in 7 years
2022: €-10k▲ +10.6% vs 2021
2023: €13k▲ +226% vs 2022
2024: €25k▲ +100% vs 2023
2025: €26k▲ +3.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€8k▲ 2.0%€21k▲ 144%€35k▲ 71.4%€36k▲ 0.7%
2021: €8klowest in 5 years
2022: €8k▲ +2.0% vs 2021
2023: €21k▲ +144% vs 2022
2024: €35k▲ +71.4% vs 2023
2025: €36k▲ +0.7% vs 2024highest in 5 years
Operating result€11k-€41k▲ 266%€20k▼ 50.7%€41k▲ 98.7%€27k▼ 33.9%
2021: €11klowest in 5 years
2022: €41k▲ +266% vs 2021highest in 5 years
2023: €20k▼ -50.7% vs 2022
2024: €41k▲ +98.7% vs 2023
2025: €27k▼ -33.9% vs 2024
Net result€7k-€30k▲ 335%€14k▼ 52.6%€30k▲ 108%€20k▼ 31.9%
2021: €7klowest in 5 years
2022: €30k▲ +335% vs 2021highest in 5 years
2023: €14k▼ -52.6% vs 2022
2024: €30k▲ +108% vs 2023
2025: €20k▼ -31.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€11k ▼ 3.8%
Current assets
€64k ▲ 23.1%
Equity and liabilities €75k
Equity
€36k ▲ 0.7%
Debt
€39k ▲ 40.8%
Debt's share of the balance-sheet total rises from 44.1% to 52.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▼
2024 · €45k
Cash flow
€25k▼
2024 · €34k
Current ratio
1.69▼
2024 · 1.95
Debt to equity
1.10▲
2024 · 0.79
ROE
56.8%▼
2024 · 84.0%
ROA
27.0%▼
2024 · 47.0%
Interest coverage
332.37▲
2024 · 220.38
Debt ≤ 1 year
€38k▲
2024 · €27k
Income taxes
€7k▼
2024 · €11k
Staff costs
€2k=
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€63k€75k▲
Fixed assets21/28€11k€11k▼
Tangible fixed assets22/27€11k€11k▼
Plant, machinery and equipment23€1k€1k▲
Furniture and vehicles24€10k€10k▼
Current assets29/58€52k€64k▲
Amounts receivable within one year40/41€18k€52k▲
Trade receivables40€14k€34k▲
Other amounts receivable41€4k€19k▲
Cash at bank and in hand54/58€33k€11k▼
Deferred charges and accrued income490/1€1k€690▼
Equity and liabilities
Total equity and liabilities10/49€63k€75k▲
Equity10/15€35k€36k▲
Contributions10/11€19k€19k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€186€435▲
Amounts payable17/49€28k€39k▲
Amounts payable within one year42/48€27k€38k▲
Trade debts44€8k€13k▲
Suppliers440/4€8k€13k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€15k€20k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€2k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€284-
Gross operating margin9900€48k€34k▼
Operating profit (loss)9901€41k€27k▼
Financial income75/76B-€28
Recurring financial income75-€28
Financial charges65/66B€203€96▼
Recurring financial charges65€203€96▼
Profit (loss) for the period before taxes9903€40k€27k▼
Income taxes67/77€11k€7k▼
Profit (loss) for the period9904€30k€20k▼
Profit (loss) for the period to be appropriated9905€30k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€20k▼
Profit (loss) brought forward from the previous period14P€186€186=
Transfer to equity691/2€15k-
To other reserves6921€15k-
Profit to be distributed694/7€15k€20k▲
Return on contributions (dividend)694-€20k
Directors or managers695€15k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2k | €2k | €2k | €2k | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €16k | €13k | €4k | €5k | ▲ 17.4% |
| Other operating charges640/8 | - | €574 | €933 | €1k | €1k | ▼ 0.6% |
| Non-recurring operating charges66A | - | €235 | - | €284 | - | - |
| Gross operating margin9900 | €28k | €60k | €36k | €48k | €34k | ▼ 27.8% |
| Operating profit (loss)9901 | €11k | €41k | €20k | €41k | €27k | ▼ 33.9% |
| Financial income75/76B | - | - | €137 | - | €28 | - |
| Recurring financial income75 | €4 | - | €137 | - | €28 | - |
| Financial charges65/66B | - | €1k | €467 | €203 | €96 | ▼ 52.9% |
| Recurring financial charges65 | €373 | €1k | €467 | €203 | €96 | ▼ 52.9% |
| Profit (loss) for the period before taxes9903 | €11k | €40k | €20k | €40k | €27k | ▼ 33.7% |
| Income taxes67/77 | €4k | €10k | €6k | €11k | €7k | ▼ 38.6% |
| Profit (loss) for the period9904 | €7k | €30k | €14k | €30k | €20k | ▼ 31.9% |
| Profit (loss) for the period to be appropriated9905 | €7k | €30k | €14k | €30k | €20k | ▼ 31.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50k | €58k | €53k | €63k | €75k | ▲ 18.4% |
| Fixed assets21/28 | €30k | €19k | €9k | €11k | €11k | ▼ 3.8% |
| Tangible fixed assets22/27 | €30k | €19k | €9k | €11k | €11k | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | - | €1k | €1k | ▲ 16.0% |
| Furniture and vehicles24 | - | €19k | €9k | €10k | €10k | ▼ 5.8% |
| Current assets29/58 | €20k | €39k | €44k | €52k | €64k | ▲ 23.1% |
| Amounts receivable within one year40/41 | €889 | €19k | €21k | €18k | €52k | ▲ 191% |
| Trade receivables40 | - | €13k | €16k | €14k | €34k | ▲ 150% |
| Other amounts receivable41 | - | €5k | €5k | €4k | €19k | ▲ 315% |
| Cash at bank and in hand54/58 | €18k | €19k | €23k | €33k | €11k | ▼ 66.8% |
| Deferred charges and accrued income490/1 | - | €1k | - | €1k | €690 | ▼ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50k | €58k | €53k | €63k | €75k | ▲ 18.4% |
| Equity10/15 | €8k | €8k | €21k | €35k | €36k | ▲ 0.7% |
| Contributions10/11 | - | €6k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €17k | €17k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €15k | €15k | = |
| Profit (loss) carried forward14 | €230 | €395 | €186 | €186 | €435 | ▲ 134% |
| Amounts payable17/49 | €41k | €49k | €32k | €28k | €39k | ▲ 40.8% |
| Amounts payable after more than one year17 | €10k | - | - | - | - | - |
| Amounts payable within one year42/48 | €31k | €49k | €31k | €27k | €38k | ▲ 42.1% |
| Current portion of amounts payable after more than one year42 | - | €10k | €5k | - | - | - |
| Trade debts44 | €4k | €5k | €6k | €8k | €13k | ▲ 67.3% |
| Suppliers440/4 | - | €5k | €6k | €8k | €13k | ▲ 67.3% |
| Taxes, remuneration and social security45 | - | €4k | €6k | €4k | €5k | ▲ 27.0% |
| Taxes450/3 | - | €2k | €3k | €2k | €3k | ▲ 57.5% |
| Remuneration and social security454/9 | - | €2k | €3k | €2k | €2k | ▲ 1.0% |
| Other amounts payable47/48 | - | €30k | €15k | €15k | €20k | ▲ 33.3% |
| Accrued charges and deferred income492/3 | - | €319 | €1k | €1k | €1k | ▲ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €30k | €14k | €30k | €20k | ▼ 31.9% |
| + Depreciation and write-downs630 | €14k | €16k | €13k | €4k | €5k | ▲ 17.4% |
| Operating cash flow (approximation) | €21k | €46k | €27k | €34k | €25k | ▼ 25.8% |
| Investment in fixed assets (approximation) | - | €-5k | €-3k | €-6k | €-5k | ▲ 29.3% |
| Change in cash | - | €1k | €4k | €10k | €-22k | ▼ 329% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2019net €30k ▲335%
Operating result €41k, net result €30k, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €7k ▼65.7%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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, Lubbeek · 1 establishment unit since 2018
Ground area
2,610 m²
Building footprint
153 m²
Volume, LiDAR
715 m³
Parcel 24090B0310/00G000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Binary Art
since 20182.277.527.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24090B0310/00G000 | Flanders | 2,610 m² | 1 · 153 m² | 6.7 m · 2 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,728 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-07-2018
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
74120Graphic design and visual communication
Contact
E-mail
max.mayorov@live.comLubbeek
Scores and ratios are computed by Checked and are not a credit decision.