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BSCOVERY

Active
Public limited companyfounded 200124 yrs activeFrankenstraat 79, 1040 Etterbeek, BelgiumKBO/BCE: BE 0475.918.820
Summary

BSCOVERY has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of -€530,581. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 1669 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
BSCOVERYActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Other information technology and computer services
NACE 62900NACE 62090NACE 72600
1 site
Size
€12.1mtotal assets 2025
Equity
€1.7m
Loss
-€530,581
Financial health
89 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
MAJA Group · 94%
Holdings
6
Accounts 4 d early0 of 8 deeds read
Why 89- Liquidity: current ratio 0.03, cash €132,938- Equity €1.7m (13.7% of total assets)+ Size: total assets €12.1m+ Figures for FY 2025 (filed 27-07-2026)Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Better than 14% of its sector peers (NACE 62, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 39-9
equity 13.7% of total assets
Liquidity 4-6
short-term debt 85.6% · cash 1.1%
Profitability 21-12
return on assets -4.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (209 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▲ +1.5% vs 01-2025 03-2025: 0.1%▲ +2.9% vs 02-2025 04-2025: 0.1%▲ +14.1% vs 03-2025 05-2025: 0.1%▲ +12.3% vs 04-2025 06-2025: 0.1%▲ +14.3% vs 05-2025 07-2025: 0.1%▲ +23.1% vs 06-2025highest value 08-2025: 0.1%▼ -50.8% vs 07-2025lowest value 09-2025: 0.1%● 0.0% vs 08-2025lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%● 0.0% vs 12-2025lowest value 02-2026: 0.1%▲ +1.6% vs 01-2026 03-2026: 0.1%▲ +3.1% vs 02-2026 04-2026: 0.1%▲ +13.6% vs 03-2026 05-2026: 0.1%▲ +9.3% vs 04-2026 06-2026: 0.1%▲ +11.0% vs 05-2026 07-2026: 0.1%▲ +9.9% vs 06-2026 08-2026: 0.1%▼ -13.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Size: total assets €12.1m lowers the probability for this profile
  • Liquidity: current ratio 0.03, cash €132,938 raises the probability
  • Equity €1.7m (13.7% of total assets) raises the probability
  • Figures for FY 2025 (filed 27-07-2026) lowers the probability
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.09 in 2024; short-term debt: 85.6% and cash: 1.1% of total assets), and 86.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, medium-sized). Better than this share of them on solvency 21%, liquidity 6%, profitability 16%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €12.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.03, cash €132,938
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €1.7m (13.7% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 27-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€530,581
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 d early
2024
30 d early
2023
9 d early
2022
3 d early
2021
6 d early
2020
16 d late
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 5 days before 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 (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. Usually files around 25 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€530,581
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€530,581 View
  • Caution: Result fell in 2025from -€178,513 to -€530,581 ▼ 197% View
  • Caution: Among the weakest 9% on net resultsector median €37,034 · 1,670 companies -€530,581 View
  • Controlled by MAJA Groupultimately: IPM GROUP 94% View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2025
Total assets
€12.1m
Loss
-€530,581
Solvency
13.7%
Turnover▲ 69.3%
Net result
20182019
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 27-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 01-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other information technology and computer servicesNACE 62900
Founded
23-10-2001
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?MAJA Group · 15 companies How does this company compare with its sector?Sector benchmark

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