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BitProject

Active Private limited companyfounded 2018active for 8 yearsIjzerestraat 17, 2290 VorselaarKBO/BCE: BE 0693.846.938
BitProject
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €115,742 (2019)
€111,667▲ 2.3%
peak €77,256 (2019)
€68,761▲ 3.0%
peak €314,134 (2024)
€305,639▼ 2.7%
€111,503▲ 67.1%
Board1 name since 2022
1 directorWerrebroeck Tom
Documentsfilings and deeds
16-12-2025135 days before the deadline
2025micro format
Dividend €77,256Debts from €66,722 to €111,503

Key points

from the 2025 annual accounts

Equity

€305,639 ▼ 2.7%
314,1342024+68,761Profit-77,256Dividend305,6392025

BitProject paid out €77,256 in dividends. That is 112% of the 2025 profit.

Turnover

≈ €160,000 estimated

The micro format states no turnover.

Position in the sector

€305,639

More equity than 89% of companies in computer programming and consultancy. Sector median €69,062 · 21,212 companies.

Checked score

95
Excellent
Financially stronger than 58% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025highest value 02-2026: < 0.1%● unchanged vs 01-2026highest value 03-2026: < 0.1%● unchanged vs 02-2026highest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

98-2equity 73.3% of total assets
90-5short-term debt 26.7% · cash 88.9%
89-2return on assets 16.5%

Score breakdown

lowers risk
Liquidity: current ratio 3.44, cash €370,853
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €417,142
Equity €305,639 (73.3% of total assets)
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 62, micro). It does better than 67% of them on solvency, 76% on liquidity, 53% on profitability and 36% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as BitProject has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of BitProject itself is lower: < 0.1% within 12 months. It rests on far more data about BitProject than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for BitProject. 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.

Credit verdict

Credit of up to €25,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.44 (5.05 in 2024), above the usual 1.5. Short-term debt is 26.7% and cash 88.9% of total assets. 26.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.44, cash €370,853
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €417,142
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €305,639 (73.3% of total assets)
NBB · annual accounts
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 16-12-2025, 135 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
135 days early
2024
37 days early
2023
27 days early
2022
45 days early
2020
138 days early
2019
53 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 55 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 20 March (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

WT
Werrebroeck Tom
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0693846938
Legal-form change · Resignations & appointments General meeting of 20-12-2021 · Gazette deed
Registered office moved within Vorselaar New registered office: ljzerstraat 17, 2290 Vorselaar · Previous registered office: Lindendreef 1, 2290 Vorselaar · Gazette deed
Incorporation published on 13-04-2018 · Gazette deed
All 14 events

Comparable companies

same main activity, similar in size and age
Company
BitProject Vorselaar €417,142 €111,667 73.3% -
Notrix Puurs-Sint-Amands €473,492 €127,510 66.9% -
Medical Data Management Geel €433,557 €94,083 54.9% -
ESINORI Antwerp €459,081 €110,563 20.5% -
Nepenthe Deinze €432,440 €109,423 98.3% -
Bertitude Kortrijk €384,056 €121,668 49.5% -
InsideData Woluwe-Saint-Lambert €441,426 €101,352 10.2% -

These companies have the same main activity as BitProject: computer programming (NACE 62100). They are comparable in size and age: total assets between €384,000 and €473,000, founded between 2017 and 2019.

Official details

Source: KBO
Status
Active since 30-03-2018Normal situation
Activity
Computer programmingNACE 62100
Establishment unit
2.275.649.0012290 Vorselaar, since 30-03-2018
Financial year end
30 September
Peppol
Reachable since 20-05-2026
Company details

Annual accounts to 30-09-2025

€111,667▲ 2.3%
€68,761▲ 3.0%
€305,639▼ 2.7%
€417,142▲ 9.5%
Filing
Filed on 16-12-2025, 135 days before the end of the filing period
Financials

Insights on BitProject

BitProject files the micro format. That format states no turnover. The gross margin fell from €115,742 in 2019 to €111,667 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 16-12-2025, 135 days before the deadline
€111,667
▲ 2.3%
€100,280
▲ 1.7%
€68,761
▲ 3.0%
€272,576
▲ 0.8%
73.3%
▼ 9.2 percentage points
3.44
▼ 1.61

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €160,000. Estimated: probably between €140,000 and €230,000.

Balance sheet

balance sheet total €417,142 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

73.3%

Higher than 65% of 21,206 companies in 2025.

3.44

Higher than 63% of 20,569 companies in 2025.

16.5%

Higher than 47% of 20,744 companies in 2025.

BitProject Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220202019
Balance sheet: assets
20/58 417,142380,856294,317271,564233,128165,852
21/28 33,06443,832-2,3007,8531,413
22/27 33,06443,832-2,3007,8531,413
23 ----1671,167
24 33,06443,832-2,3007,687246
29/58 384,078337,024294,317269,264225,274164,439
40/41 13,22526,45026,23016,86027,49227,484
40 13,22526,45024,58016,69827,49226,766
41 --1,6491620718
54/58 370,853310,575267,583251,453197,371136,547
490/1 --505951411407
Balance sheet: equity and liabilities
10/49 417,142380,856294,317271,564233,128165,852
10/15 305,639314,134247,388201,066137,65395,856
10/11 18,60018,60018,60018,60018,60018,600
100 -----18,600
13 287,039295,534228,788182,466119,05377,256
133 287,039295,534228,788182,466119,05377,256
17/49 111,50366,72246,92970,49895,47469,996
42/48 111,50366,72246,92970,49895,47469,996
44 1,7651,2135423081,500256
440/4 1,7651,2135423081,500256
45 14,39016,5538,3269,43057,11941,134
450/3 14,39016,5538,3269,43057,11941,134
47/48 95,34848,95638,06160,76036,85628,607
Income statement
9900 111,667109,12574,07898,39563,673115,742
62 ---2,075--
630 10,76810,0087995,5532,7332,220
640/8 6195286491,2831,8984,693
66A ---630--
9901 100,28098,58972,63088,85459,042108,829
75/76B 2,0365189--0
75 2,0365189--0
65/66B 84782,9631031,36470
65 84782,9631031,36470
9903 102,23199,02969,67588,75157,678108,759
67/77 33,47032,28323,35325,33815,88031,504
9904 68,76166,74646,32263,41341,79877,256
9905 68,76166,74646,32263,41341,79877,256
Appropriation of the result
9906 68,76166,74646,32263,41341,79877,256
791/2 77,256-----
691/2 68,76166,74646,32263,41341,79877,256
6921 68,76166,74646,32263,41341,79877,256
694/7 77,256-----
694 77,256-----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 16-12-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 16-12-2025 2025-00582199 PDF
30-09-2024 micro format 24-03-2025 2025-00052571 PDF
30-09-2023 micro format 03-04-2024 2024-00055446 PDF
30-09-2022 micro format 16-03-2023 2023-00040336 PDF
31-12-2020 micro format 15-03-2021 2021-07700115 PDF
31-12-2019 micro format 22-09-2020 2020-54600415 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220202019
111,048108,59873,42994,40761,775111,049
79,52976,75447,12168,96644,53179,475
053,840-1,502-9,1743,633
60,27942,99216,130-60,824-
272,576270,302247,388198,766129,80094,443
73.3%82.5%84.1%74.0%59.0%57.8%
3.445.056.273.822.362.35
0.360.210.190.350.690.73
22.5%21.2%18.7%31.5%30.4%80.6%
16.5%17.5%15.7%23.4%17.9%46.6%
over 100over 10024.78over 100--

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-2022
Tangible fixed assets-€53,840--
€10,768€10,008€799€5,553

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on BitProject

The operating result for 2025 is 2% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 17.5% to 26.7%. Equity is lower and debt is higher.

Board & ownership

Board

1 director
Werrebroeck Tom
Director
listed in the 2025 annual accounts, filed on 16-12-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Werrebroeck Tom
Director
Boardmandate already running before its first mention
Mandates as a list
  • Werrebroeck Tom
    • Director, since before 30-09-2022

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 06-01-2022 (in Dutch)
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Helft overdrager en helft koper(s) naar evenredigheid aantal aandelen, prijs in oorspronkelijke bekendmaking of bij betwisting door…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of March at 20:00

Network & group

No group

BitProject has no parent and no holdings in its annual accounts. Werrebroeck Tom is the only director. BitProject shares no director with another company.

Timeline

Timeline

14 events since 2018

Deadline for the 2026 accounts: 30-04-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0693846938
2025
Annual accounts 2025 filed PDFmicro format · 135 days before the deadline
Annual accounts 2024 filed PDFmicro format · 37 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 27 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 45 days before the deadline
2022
Equity above €200,000 equity €201,066 ▲46.1% With a profit in every financial year since 2019, equity grows to €201,066.
Legal-form change · Resignations & appointmentsGeneral meeting of 20-12-20212 points ▸
  • General meeting, 20-12-2021
  • Registered office clause, Ijzerestraat 17, 2290 Vorselaar
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2021
Annual accounts 2020 filed PDFmicro format · 138 days before the deadline
2020
Weakest financial year net €41,798 ▼45.9% The net result drops to €41,798, the lowest from 2019 to 2025. It recovers the following year.
Equity above €100,000 equity €137,653 ▲43.6% With a profit in every financial year since 2019, equity grows to €137,653.
Annual accounts 2019 filed PDFmicro format · 53 days late
2019
Registered office moved within VorselaarNew registered office: ljzerstraat 17, 2290 Vorselaar · Previous registered office: Lindendreef 1, 2290 Vorselaar1 point ▸
  • Registered-office move, ljzerstraat 17, 2290 Vorselaar
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2018
Incorporation PDFpublished on 13-04-2018
First establishment Ijzerestraat 17, Vorselaar

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 30 March 2018, BitProject was incorporated.1 In 2019 the registered office moved to Vorselaar.2 Total assets went from €165,852 in 2019 to €417,142 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 25-07-2019
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0693.846.938
VAT number
BE 0693.846.938
Peppol ID
0208:0693846938
Legal form
Private limited company
Status
Active, normal situation
Founded
30-03-2018
Financial year
ends on 30 September
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of March at 20:00
deed of 06-01-2022 (in Dutch)
Peppol
Reachable since 20-05-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
BitProject in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
62100 Computer programming main activity
Codes under NACEBEL 2008
62010 Computer programming, consultancy and related activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Ijzerestraat 17 registered office 2290 Vorselaar 30-03-2018 2.275.649.001

Buildings and parcels at the address

Ground area
1,812 m²
Buildings
127 m²

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
13044E0181/00K0001,812 m² 1 · 127 m² -

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