BITWERK
ActiveSummary
BITWERK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-1
Solvency26▼-13
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
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
0.9%
Return on assets
4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17043 sector peers (2025).
NBB · sector comparisonPosition among 17043 sector peers
Solvency
better than 10%
← weakest
strongest →
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 10-06-2026, 51 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
51 d early
2024
15 d early
2023
40 d early
2022
31 d early
2021
11 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€3k▼ 94.2%
2024 · €52k
2021: €35k
2022: €74k
2023: €113k
2024: €52k
2021 → 2025
Total assets
€339k▼ 7.6%
2024 · €367k
2021: €55k
2022: €142k
2023: €172k
2024: €367k
2021 → 2025
Net result
€13k▲ 153%
2024 · €5k
2021: €34k
2022: €39k
2023: €39k
2024: €5k
2021 → 2025
Working capital
€-72k
2024 · €10k
2021: €31k
2022: €53k
2023: €72k
2024: €10k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€74k▲ 110%€113k▲ 52.3%€52k▼ 53.9%€3k▼ 94.2%
Operating result€42k-€49k▲ 17.2%€50k▲ 0.8%€12k▼ 75.7%€27k▲ 124%
Net result€34k-€39k▲ 15.0%€39k▼ 0.3%€5k▼ 86.3%€13k▲ 153%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 124% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339k
Fixed assets
€315k ▲ 1.2%
Current assets
€25k ▼ 56.3%
Equity and liabilities €339k
Equity
€3k ▼ 94.2%
Debt
€336k ▲ 6.8%
Debt's share of the balance-sheet total rises from 85.8% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54k▲
2024 · €33k
Cash flow
€40k▲
2024 · €26k
Current ratio
0.25▼
2024 · 1.22
Quick ratio
0.24▼
2024 · 1.19
ROE
449.5%▲
2024 · 10.2%
ROA
4.0%▲
2024 · 1.5%
Interest coverage
5.55▼
2024 · 7.85
Debt ≤ 1 year
€96k▲
2024 · €46k
Debt > 1 year
€238k▼
2024 · €267k
Income taxes
€4k▲
2024 · €3k
A ratio outside any meaningful range has been withheld (balance sheet total €339k, equity €3k).
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€367k€339k▼
Fixed assets21/28€311k€315k▲
Tangible fixed assets22/27€311k€315k▲
Land and buildings22€255k€248k▼
Plant, machinery and equipment23€6k€33k▲
Furniture and vehicles24€48k€32k▼
Other tangible fixed assets26€1k€900▼
Current assets29/58€56k€25k▼
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€25k€19k▼
Trade receivables40€21k€19k▼
Other amounts receivable41€4k€108▼
Cash at bank and in hand54/58€26k-
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€367k€339k▼
Equity10/15€52k€3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€49k-
Amounts payable17/49€315k€336k▲
Amounts payable after more than one year17€267k€238k▼
Financial debts170/4€267k€238k▼
Amounts payable within one year42/48€46k€96k▲
Current portion of amounts payable after more than one year42€22k€22k▲
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€11k€9k▼
Taxes450/3€11k€9k▼
Other amounts payable47/48€11k€61k▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€27k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€35k€56k▲
Operating profit (loss)9901€12k€27k▲
Financial income75/76B€4€23▲
Recurring financial income75€4€23▲
Financial charges65/66B€4k€10k▲
Recurring financial charges65€4k€10k▲
Profit (loss) for the period before taxes9903€8k€17k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€5k€13k▲
Profit (loss) for the period to be appropriated9905€5k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€115k€63k▼
Profit (loss) brought forward from the previous period14P€110k€49k▼
Profit to be distributed694/7€66k€63k▼
Return on contributions (dividend)694€66k€63k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €5k ▼86.3%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €113k ▲52.3%
3 profitable years in a row build equity to €113k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €39k ▲15%
Net result €39k, the highest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zottegem · 2 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Saffelstraat 199620 ZottegemGround area
2,060 m²
Building footprint
232 m²
Volume, LiDAR
1,535 m³
2 parcels, Flanders · tallest building 17.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
BITWERK
since 20212.314.048.529
BITWERK
since 20222.334.115.453
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41035A0064/00B000 | Flanders | 1,904 m² | 1 · 130 m² | 17.5 m · 2 fl. |
| 41081A0674/00G004 | Flanders | 156 m² | 1 · 102 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 390 EUR awarded · 390 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 390 EUR | 390 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
MENSAERT
BE 0700.781.646
Oostkamp · Eq €3,000
TECHALLY
BE 0727.648.567
Incourt · Eq €3,000
Increment
BE 0728.601.444
Rotselaar · Eq €3,000
WHIZZKIDZ
BE 0730.666.158
Oostende · Eq €3,000
SmarTIC
BE 0732.626.944
Eghezée · Eq €3,000
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 4,273 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
16230Manufacture of other builders' carpentry and joinery
31001Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
95240Repair and maintenance of furniture and upholstery
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:kbo@bitwerk.be