BUG CONCEPT
ActiveSummary
BUG CONCEPT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €380k and a net result of €89k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 2279 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▼-1
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.0 against 3.85 in 2023; short-term debt: 17.8% and cash: 84.8% of total assets), and 20.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
79.6%
Return on assets
18.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
27 d early
2022
28 d early
2021
10 d early
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€380k▲ 30.7%
2023 · €291k
2018: €143klowest in 7 years
2019: €170k▲ +18.4% vs 2018
2020: €178k▲ +4.9% vs 2019
2021: €167k▼ -6.3% vs 2020
2022: €213k▲ +28.1% vs 2021
2023: €291k▲ +36.4% vs 2022
2024: €380k▲ +30.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€477k▲ 19.8%
2023 · €399k
2018: €232klowest in 7 years
2019: €292k▲ +26.0% vs 2018
2020: €274k▼ -6.2% vs 2019
2021: €301k▲ +9.8% vs 2020
2022: €348k▲ +15.7% vs 2021
2023: €399k▲ +14.6% vs 2022
2024: €477k▲ +19.8% vs 2023highest in 7 years
2018 → 2024
Net result
€89k▲ 15.1%
2023 · €78k
2018: €39k
2019: €26k▼ -32.3% vs 2018
2020: €8k▼ -68.6% vs 2019lowest in 7 years
2021: €32k▲ +291% vs 2020
2022: €47k▲ +45.0% vs 2021
2023: €78k▲ +66.0% vs 2022
2024: €89k▲ +15.1% vs 2023highest in 7 years
2018 → 2024
Working capital
€341k▲ 32.8%
2023 · €257k
2018: €129klowest in 7 years
2019: €145k▲ +12.8% vs 2018
2020: €150k▲ +3.6% vs 2019
2021: €137k▼ -9.1% vs 2020
2022: €179k▲ +31.1% vs 2021
2023: €257k▲ +43.3% vs 2022
2024: €341k▲ +32.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€178k-€167k▼ 6.3%€213k▲ 28.1%€291k▲ 36.4%€380k▲ 30.7%
2020: €178k
2021: €167k▼ -6.3% vs 2020lowest in 5 years
2022: €213k▲ +28.1% vs 2021
2023: €291k▲ +36.4% vs 2022
2024: €380k▲ +30.7% vs 2023highest in 5 years
Operating result€15k-€48k▲ 231%€68k▲ 41.3%€112k▲ 64.1%€127k▲ 14.0%
2020: €15klowest in 5 years
2021: €48k▲ +231% vs 2020
2022: €68k▲ +41.3% vs 2021
2023: €112k▲ +64.1% vs 2022
2024: €127k▲ +14.0% vs 2023highest in 5 years
Net result€8k-€32k▲ 291%€47k▲ 45.0%€78k▲ 66.0%€89k▲ 15.1%
2020: €8klowest in 5 years
2021: €32k▲ +291% vs 2020
2022: €47k▲ +45.0% vs 2021
2023: €78k▲ +66.0% vs 2022
2024: €89k▲ +15.1% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €477k
Fixed assets
€51k ▼ 0.9%
Current assets
€426k ▲ 22.9%
Equity and liabilities €477k
Equity
€380k ▲ 30.7%
Debt
€97k ▼ 9.6%
Debt's share of the balance-sheet total falls from 27.0% to 20.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€132k▲
2023 · €122k
Cash flow
€94k▲
2023 · €88k
Current ratio
5.00▲
2023 · 3.85
Debt to equity
0.26▼
2023 · 0.37
ROE
23.5%▼
2023 · 26.7%
ROA
18.7%▼
2023 · 19.5%
Interest coverage
144.89▲
2023 · 68.12
Debt ≤ 1 year
€85k▼
2023 · €90k
Debt > 1 year
€12k▼
2023 · €18k
Income taxes
€37k▲
2023 · €32k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€399k€477k▲
Fixed assets21/28€52k€51k▼
Tangible fixed assets22/27€52k€51k▼
Land and buildings22€46k€44k▼
Plant, machinery and equipment23€957€651▼
Furniture and vehicles24€5k€7k▲
Financial fixed assets28€180€180=
Current assets29/58€347k€426k▲
Amounts receivable within one year40/41€2k€20k▲
Trade receivables40-€18k
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€343k€405k▲
Deferred charges and accrued income490/1€1k€964▼
Equity and liabilities
Total equity and liabilities10/49€399k€477k▲
Equity10/15€291k€380k▲
Contributions10/11€19k€19k=
Reserves13€272k€362k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€270k€360k▲
Amounts payable17/49€108k€97k▼
Amounts payable after more than one year17€18k€12k▼
Financial debts170/4€18k€12k▼
Amounts payable within one year42/48€90k€85k▼
Current portion of amounts payable after more than one year42€7k€6k▼
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€7k€10k▲
Taxes450/3€7k€7k=
Remuneration and social security454/9-€2k
Other amounts payable47/48€69k€65k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€5k▼
Other operating charges640/8€981€1k▲
Gross operating margin9900€123k€133k▲
Operating profit (loss)9901€112k€127k▲
Financial charges65/66B€2k€910▼
Recurring financial charges65€2k€910▼
Profit (loss) for the period before taxes9903€110k€126k▲
Income taxes67/77€32k€37k▲
Profit (loss) for the period9904€78k€89k▲
Profit (loss) for the period to be appropriated9905€78k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€78k€89k▲
Transfer to equity691/2€78k€89k▲
To other reserves6921€78k€89k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €10k | €11k | €5k | ▼ 56.0% |
| Other operating charges640/8 | - | €887 | €897 | €981 | €1k | ▲ 3.3% |
| Gross operating margin9900 | €25k | €59k | €79k | €123k | €133k | ▲ 7.9% |
| Operating profit (loss)9901 | €15k | €48k | €68k | €112k | €127k | ▲ 14.0% |
| Financial charges65/66B | - | €2k | €2k | €2k | €910 | ▼ 49.3% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €910 | ▼ 49.3% |
| Profit (loss) for the period before taxes9903 | €12k | €46k | €66k | €110k | €126k | ▲ 15.0% |
| Income taxes67/77 | €4k | €14k | €19k | €32k | €37k | ▲ 15.0% |
| Profit (loss) for the period9904 | €8k | €32k | €47k | €78k | €89k | ▲ 15.1% |
| Profit (loss) for the period to be appropriated9905 | €8k | €32k | €47k | €78k | €89k | ▲ 15.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274k | €301k | €348k | €399k | €477k | ▲ 19.8% |
| Fixed assets21/28 | €75k | €66k | €59k | €52k | €51k | ▼ 0.9% |
| Tangible fixed assets22/27 | €75k | €66k | €59k | €52k | €51k | ▼ 0.9% |
| Land and buildings22 | - | €50k | €48k | €46k | €44k | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €725 | €1k | €957 | €651 | ▼ 32.0% |
| Furniture and vehicles24 | - | €16k | €10k | €5k | €7k | ▲ 35.0% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €199k | €234k | €288k | €347k | €426k | ▲ 22.9% |
| Amounts receivable within one year40/41 | €29k | €38k | €18k | €2k | €20k | ▲ 777% |
| Trade receivables40 | - | €30k | €16k | - | €18k | - |
| Other amounts receivable41 | - | €8k | €2k | €2k | €2k | ▼ 17.2% |
| Cash at bank and in hand54/58 | €168k | €195k | €269k | €343k | €405k | ▲ 18.0% |
| Deferred charges and accrued income490/1 | - | €974 | €1k | €1k | €964 | ▼ 21.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274k | €301k | €348k | €399k | €477k | ▲ 19.8% |
| Equity10/15 | €178k | €167k | €213k | €291k | €380k | ▲ 30.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €159k | €148k | €195k | €272k | €362k | ▲ 32.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €146k | €193k | €270k | €360k | ▲ 33.0% |
| Amounts payable17/49 | €96k | €134k | €134k | €108k | €97k | ▼ 9.6% |
| Amounts payable after more than one year17 | €47k | €36k | €25k | €18k | €12k | ▼ 31.1% |
| Financial debts170/4 | - | €36k | €25k | €18k | €12k | ▼ 31.1% |
| Amounts payable within one year42/48 | €48k | €98k | €109k | €90k | €85k | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | - | €11k | €11k | €7k | €6k | ▼ 25.4% |
| Financial debts43 | - | €5k | €5k | €5k | - | - |
| Credit institutions430/8 | - | €5k | €5k | €5k | - | - |
| Trade debts44 | €4k | €2k | €2k | €1k | €5k | ▲ 347% |
| Suppliers440/4 | - | €2k | €2k | €1k | €5k | ▲ 347% |
| Taxes, remuneration and social security45 | - | €2k | - | €7k | €10k | ▲ 34.5% |
| Taxes450/3 | - | - | - | €7k | €7k | = |
| Remuneration and social security454/9 | - | €2k | - | - | €2k | - |
| Other amounts payable47/48 | - | €77k | €91k | €69k | €65k | ▼ 5.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €32k | €47k | €78k | €89k | ▲ 15.1% |
| + Depreciation and write-downs630 | €10k | €10k | €10k | €11k | €5k | ▼ 56.0% |
| Operating cash flow (approximation) | €18k | €42k | €57k | €88k | €94k | ▲ 6.5% |
| Investment in fixed assets (approximation) | - | €-1k | €-3k | €-3k | €-4k | ▼ 28.9% |
| Change in cash | - | €27k | €73k | €74k | €62k | ▼ 16.9% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €89k ▲15.1%
Operating result €127k, net result €89k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €213k ▲28.1%
5 profitable years in a row build equity to €213k.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €8k ▼68.6%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €170k ▲18.4%
2 profitable years in a row build equity to €170k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Visé · 1 establishment unit since 2011
Ground area
3,886 m²
Building footprint
378 m²
Volume, LiDAR
1,045 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Renaissance 49, 4451 Juprelle
since 20112.195.646.666
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62111A0299/00E000 | Wallonia | 1,989 m² | 1 · 193 m² | - |
| 62108C0882/02D000 | Wallonia | 1,897 m² | 1 · 185 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,787 companies in sector 63910 we hold annual accounts for 699. 399 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
Founded15-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
63910Web portal activities
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.