BLACK TURTLE
ActiveSummary
BLACK TURTLE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126,946 and a net result of €38,440. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+76
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.89 against 3.54 in 2023; short-term debt: 18.4% and cash: 4.6% of total assets), and 18.4% of the assets are financed with debt.
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Signals
Three 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 →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
31 d late
2022
60 d late
2021
30 d early
2020
31 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#7 company by equity in Bocholt, Telecoms and IT sector#9 company by total assets in Bocholt, Telecoms and IT sector#9 oldest company in Bocholt, Telecoms and IT sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€126,946▲ 43.4%
2023 · €88,506
Total assets
€155,550▲ 33.2%
2023 · €116,773
Net result
€38,440
2023 · -€39,367
Working capital
€111,378▲ 54.9%
2023 · €71,900
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€24,114€35,102▲ 45.6%€102,533▲ 192%-€17,537€61,111
Net result€19,309€28,199within the sector's middle half▲ 46.0%€75,511above the sector's middle half▲ 168%-€39,367below the sector's middle half€38,440within the sector's middle half
Equity€24,162▲ 398%€52,362within the sector's middle half▲ 117%€127,873within the sector's middle half▲ 144%€88,506within the sector's middle half▼ 30.8%€126,946within the sector's middle half▲ 43.4%
Total assets€30,079▲ 333%€97,125within the sector's middle half▲ 223%€144,140within the sector's middle half▲ 48.4%€116,773within the sector's middle half▼ 19.0%€155,550within the sector's middle half▲ 33.2%
Debt€5,917▲ 183%€44,763▲ 657%€16,267▼ 63.7%€28,267▲ 73.8%€28,604▲ 1.2%
Working capital€24,162▲ 398%€51,827within the sector's middle half▲ 114%€109,145within the sector's middle half▲ 111%€71,900within the sector's middle half▼ 34.1%€111,378within the sector's middle half▲ 54.9%
Solvency80.3%▲ 10.5pp53.9%within the sector's middle half▼ 26.4pp88.7%above the sector's middle half▲ 34.8pp75.8%within the sector's middle half▼ 12.9pp81.6%above the sector's middle half▲ 5.8pp
Current ratio5.08▲ 1.772.17within the sector's middle half▼ 2.927.71above the sector's middle half▲ 5.543.54within the sector's middle half▼ 4.174.89within the sector's middle half▲ 1.35
Return on assets (ROA)64.2%▲ 83.6pp29.0%above the sector's middle half▼ 35.2pp52.4%above the sector's middle half▲ 23.4pp-33.7%below the sector's middle half▼ 86.1pp24.7%within the sector's middle half▲ 58.4pp
Staff (FTE)1.71.8▲ 5.9%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €61,111 after a loss of €17,537 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €155,550
Fixed assets
€15,568 ▼ 6.2%
Current assets
€139,982 ▲ 39.7%
Equity and liabilities €155,550
Equity
€126,946 ▲ 43.4%
Debt
€28,604 ▲ 1.2%
Debt's share of the balance-sheet total falls from 24.2% to 18.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,333▲
2023 · -€15,414
Cash flow
€40,663▲
2023 · -€37,244
Debt to equity
0.23▼
2023 · 0.32
ROE
30.3%▲
2023 · -44.5%
Interest coverage
3.18▲
2023 · -0.67
Debt ≤ 1 year
€28,604▲
2023 · €28,267
Income taxes
€3,145▲
2023 · €688
Staff costs
€0▼
2023 · €50,338
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €26,698 | €50,338 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €134 | €1,370 | €2,123 | €2,222 | ▲ 4.7% |
| Other operating charges640/8 | - | €3,304 | €635 | €721 | €674 | ▼ 6.5% |
| Gross operating margin9900 | €25,214 | €38,540 | €131,236 | €35,645 | €64,008 | ▲ 79.6% |
| Operating profit (loss)9901 | €24,114 | €35,102 | €102,533 | -€17,537 | €61,111 | ▲ 448% |
| Financial income75/76B | - | €3,505 | €36,015 | €1,693 | €418 | ▼ 75.3% |
| Recurring financial income75 | €52 | €3,505 | €36,015 | €1,693 | €418 | ▼ 75.3% |
| Financial charges65/66B | - | €2,839 | €41,508 | €22,836 | €19,944 | ▼ 12.7% |
| Recurring financial charges65 | €277 | €2,839 | €41,508 | €22,836 | €19,944 | ▼ 12.7% |
| Profit (loss) for the period before taxes9903 | €24,074 | €35,768 | €97,040 | -€38,680 | €41,585 | ▲ 208% |
| Income taxes67/77 | €4,765 | €7,569 | €21,528 | €688 | €3,145 | ▲ 357% |
| Profit (loss) for the period9904 | €19,309 | €28,199 | €75,511 | -€39,367 | €38,440 | ▲ 198% |
| Profit (loss) for the period to be appropriated9905 | €19,309 | €28,199 | €75,511 | -€39,367 | €38,440 | ▲ 198% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,079 | €97,125 | €144,140 | €116,773 | €155,550 | ▲ 33.2% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | - | €865 | €18,728 | €16,605 | €15,568 | ▼ 6.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €865 | €18,728 | €16,605 | €15,568 | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | €18,063 | €16,139 | €15,302 | ▼ 5.2% |
| Furniture and vehicles24 | - | €865 | €665 | €466 | €266 | ▼ 42.8% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €30,079 | €96,260 | €125,411 | €100,167 | €139,982 | ▲ 39.7% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1,518 | €11,667 | €29,096 | €32,163 | €122,872 | ▲ 282% |
| Trade receivables40 | - | €5,434 | €13,167 | €27,458 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €6,233 | €15,929 | €4,705 | €122,872 | ▲ 2,512% |
| Current investments50/53 | €7,513 | €48,175 | €33,627 | €29,858 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €21,933 | €34,151 | €57,688 | €31,995 | €7,153 | ▼ 77.6% |
| Deferred charges and accrued income490/1 | - | €2,267 | €5,001 | €6,151 | €9,957 | ▲ 61.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,079 | €97,125 | €144,140 | €116,773 | €155,550 | ▲ 33.2% |
| Equity10/15 | €24,162 | €52,362 | €127,873 | €88,506 | €126,946 | ▲ 43.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €16,102 | €44,302 | €119,813 | €80,446 | €118,886 | ▲ 47.8% |
| Amounts payable17/49 | €5,917 | €44,763 | €16,267 | €28,267 | €28,604 | ▲ 1.2% |
| Amounts payable within one year42/48 | €5,917 | €44,433 | €16,267 | €28,267 | €28,604 | ▲ 1.2% |
| Trade debts44 | €707 | €31,011 | €10,313 | €12,853 | €5,958 | ▼ 53.7% |
| Suppliers440/4 | - | €31,011 | €10,313 | €12,853 | €5,958 | ▼ 53.7% |
| Taxes, remuneration and social security45 | - | €12,238 | €4,770 | €7,838 | €5,008 | ▼ 36.1% |
| Taxes450/3 | - | €10,238 | €2,250 | €7,838 | €5,008 | ▼ 36.1% |
| Remuneration and social security454/9 | - | €2,000 | €2,520 | €0 | - | - |
| Other amounts payable47/48 | - | €1,184 | €1,184 | €7,575 | €17,638 | ▲ 133% |
| Accrued charges and deferred income492/3 | - | €330 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,309 | €28,199 | €75,511 | -€39,367 | €38,440 | ▲ 198% |
| + Depreciation and write-downs630 | €0 | €134 | €1,370 | €2,123 | €2,222 | ▲ 4.7% |
| Operating cash flow (approximation) | €19,309 | €28,334 | €76,881 | -€37,244 | €40,663 | ▲ 209% |
| Investment in fixed assets (approximation) | - | - | -€19,233 | €0 | -€1,185 | - |
| Change in cash | - | €12,218 | €23,537 | -€25,693 | -€24,842 | ▲ 3.3% |
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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 82 days late
2024
31-12
Financial
Back to profitnet €38,440
Net result €38,440 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €126,946 ▲43.4%
Equity rises from €88,506 to €126,946.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€39,367
Net result drops to -€39,367, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2019net €75,511 ▲168%
Operating result €102,533, net result €75,511, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 7.71
Current ratio from 2.17 to 7.71; short-term debt falls from €44,433 to €16,267.
31-12
Financial
Equity above €100,000Eq €127,873 ▲144%
3 profitable years in a row build equity to €127,873.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €19,309
Net result €19,309 after one loss-making year.
02-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Bocholt · 1 establishment unit since 2018
Ground area
1,575 m²
Building footprint
561 m²
Volume, LiDAR
3,516 m³
Parcel 72031B0125/00K000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BLACK TURTLE
since 20182.280.917.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72031B0125/00K000 | Flanders | 1,575 m² | 1 · 561 m² | 11.6 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,080 EUR awarded · 1,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,080 EUR | 1,080 EUR |
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Of 16,915 companies in sector 62100 we hold annual accounts for 8,786. 6,934 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
Founded18-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0711860630
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.