BUILD-SOFTWARE
ActiveSummary
BUILD-SOFTWARE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.0m and a net result of -€146,851. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 2833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-5
Solvency70▲+14
Growth66=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.03 in 2023; short-term debt: 50.1% and cash: 10.2% of total assets), and 55.1% of the assets are financed with debt.
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Signals
Four 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 →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.9%
Return on assets
-6.3%
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
30 d early
2022
88 d early
2021
129 d early
2020
33 d early
2019
53 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 61 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 (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#2 company by equity in Herselt, Telecoms and IT sector#2 oldest company in Herselt, Telecoms and IT sector#3 company by total assets in Herselt, Telecoms and IT sector
Turnover
€4.7m▲ 11.9%
2022 · €4.2m
EBIT margin
-1.2%▼ 8.3pp
2022 · 7.2%
Net result
-€146,851▼ 80.5%
2023 · -€81,377
Working capital
€46,486▲ 30.0%
2023 · €35,772
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€3.4m€4.2m▲ 23.3%€4.7m▲ 11.9%
Operating result-€2,631▲ 96.9%€203,878€299,089▲ 46.7%-€55,422-€114,318▼ 106%
Net result€5,983€166,743▲ 2,687%€240,390▲ 44.2%-€81,377-€146,851▼ 80.5%
EBIT margin6.0%7.2%▲ 1.1pp-1.2%▼ 8.3pp
Equity€367,324▲ 251%€534,067▲ 45.4%€774,457▲ 45.0%€693,080▼ 10.5%€1.0m▲ 51.0%
Total assets€1.1m▲ 64.2%€1.5m▲ 41.9%€1.9m▲ 24.8%€2.2m▲ 18.4%€2.3m▲ 5.1%
Debt€689,681▲ 27.9%€965,847▲ 40.0%€1.1m▲ 13.6%€1.5m▲ 38.8%€1.3m▼ 15.8%
Working capital€348,302▲ 392%€839,827▲ 141%€730,722▼ 13.0%€35,772▼ 95.1%€46,486▲ 30.0%
Staff (FTE)13.3▲ 9.9%17.8▲ 33.8%19.1▲ 7.3%24.3▲ 27.2%19.9▼ 18.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €114,318 in 2024 against €55,422 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.1m ▲ 38.9%
Current assets
€1.2m ▼ 14.1%
Equity and liabilities €2.3m
Equity
€1.0m ▲ 51.0%
Debt
€1.3m ▼ 15.8%
Debt's share of the balance-sheet total falls from 68.7% to 55.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€81,155▼
2023 · -€20,515
Cash flow
-€113,688▼
2023 · -€46,470
Current ratio
1.04▲
2023 · 1.03
Debt to equity
1.23▼
2023 · 2.20
ROE
-14.0%▼
2023 · -11.7%
ROA
-6.3%▼
2023 · -3.7%
Interest coverage
-2.85▼
2023 · -0.98
Debt ≤ 1 year
€1.2m▼
2023 · €1.4m
Debt > 1 year
€20,842▼
2023 · €28,051
Income taxes
€4,105▼
2023 · €5,127
Staff costs
€1.6m▼
2023 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 8,594 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €3.4m | €4.2m | €4.7m | - | - |
| Non-recurring operating income76A | - | - | €3,306 | €9,233 | €56,286 | ▲ 510% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €2.8m | €3.5m | - | - |
| Remuneration, social security and pensions62 | - | - | €1.4m | €2.0m | €1.6m | ▼ 20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,782 | €20,024 | €122,256 | €34,907 | €33,163 | ▼ 5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0 | €9,452 | €19,157 | ▲ 103% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €0 | -€95,000 | €0 | ▲ 100% |
| Other operating charges640/8 | - | - | €8,961 | €10,070 | €3,916 | ▼ 61.1% |
| Non-recurring operating charges66A | - | - | - | - | €12,000 | - |
| Gross operating margin9900 | €776,632 | €1.5m | €1.8m | €1.9m | €1.6m | ▼ 18.8% |
| Operating profit (loss)9901 | -€2,631 | €203,878 | €299,089 | -€55,422 | -€114,318 | ▼ 106% |
| Financial income75/76B | - | - | €7 | €1 | €25 | ▲ 1,656% |
| Recurring financial income75 | €16,620 | €2,645 | €7 | €1 | €25 | ▲ 1,656% |
| Financial charges65/66B | - | - | €7,253 | €20,829 | €28,453 | ▲ 36.6% |
| Recurring financial charges65 | €5,363 | €7,944 | €7,253 | €20,829 | €28,453 | ▲ 36.6% |
| Profit (loss) for the period before taxes9903 | €8,627 | €198,579 | €291,843 | -€76,250 | -€142,746 | ▼ 87.2% |
| Income taxes67/77 | €2,643 | €31,836 | €51,453 | €5,127 | €4,105 | ▼ 19.9% |
| Profit (loss) for the period9904 | €5,983 | €166,743 | €240,390 | -€81,377 | -€146,851 | ▼ 80.5% |
| Transfer from tax-exempt reserves789 | - | - | €0 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | €1,652 | €2,005 | €1,829 | ▼ 8.8% |
| Profit (loss) for the period to be appropriated9905 | €5,983 | €176,719 | €238,737 | -€83,382 | -€148,680 | ▼ 78.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.5m | €1.9m | €2.2m | €2.3m | ▲ 5.1% |
| Fixed assets21/28 | €51,133 | €74,706 | €138,735 | €802,866 | €1.1m | ▲ 38.9% |
| Intangible fixed assets21 | - | - | €88,672 | €736,609 | €1.1m | ▲ 45.3% |
| Tangible fixed assets22/27 | €51,133 | €74,706 | €50,064 | €66,257 | €44,998 | ▼ 32.1% |
| Land and buildings22 | - | - | €1 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €2,683 | - |
| Furniture and vehicles24 | - | - | €28,441 | €50,705 | €32,181 | ▼ 36.5% |
| Other tangible fixed assets26 | - | - | €21,622 | €15,553 | €10,134 | ▼ 34.8% |
| Current assets29/58 | €1.0m | €1.4m | €1.7m | €1.4m | €1.2m | ▼ 14.1% |
| Amounts receivable within one year40/41 | €649,041 | €1.0m | €1.4m | €1.1m | €957,779 | ▼ 11.3% |
| Trade receivables40 | - | - | €1.4m | €1.0m | €911,884 | ▼ 11.0% |
| Other amounts receivable41 | - | - | €16,547 | €54,895 | €45,895 | ▼ 16.4% |
| Current investments50/53 | €302 | €302 | €302 | €303 | €478 | ▲ 58.0% |
| Cash at bank and in hand54/58 | €355,305 | €421,508 | €341,518 | €285,093 | €238,200 | ▼ 16.4% |
| Deferred charges and accrued income490/1 | - | - | €6,496 | €48,457 | €17,434 | ▼ 64.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €1.9m | €2.2m | €2.3m | ▲ 5.1% |
| Equity10/15 | €367,324 | €534,067 | €774,457 | €693,080 | €1.0m | ▲ 51.0% |
| Contributions10/11 | - | - | €275,172 | €275,172 | €775,172 | ▲ 182% |
| Reserves13 | €92,152 | €258,896 | €499,286 | €417,909 | €271,058 | ▼ 35.1% |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | €2,408 | €4,412 | €6,241 | ▲ 41.4% |
| Distributable reserves133 | - | - | €495,019 | €411,637 | €262,957 | ▼ 36.1% |
| Profit (loss) carried forward14 | €503 | - | - | - | - | - |
| Amounts payable17/49 | €689,681 | €965,847 | €1.1m | €1.5m | €1.3m | ▼ 15.8% |
| Amounts payable after more than one year17 | €20,644 | €17,423 | €0 | €28,051 | €20,842 | ▼ 25.7% |
| Financial debts170/4 | - | - | €0 | €28,051 | €20,842 | ▼ 25.7% |
| Amounts payable within one year42/48 | €657,571 | €585,382 | €1.0m | €1.4m | €1.2m | ▼ 15.3% |
| Current portion of amounts payable after more than one year42 | - | - | €217,423 | €376,898 | €377,209 | ▲ 0.1% |
| Financial debts43 | - | - | €16,507 | €126,040 | €111,343 | ▼ 11.7% |
| Credit institutions430/8 | - | - | €16,507 | €126,040 | €111,343 | ▼ 11.7% |
| Trade debts44 | €378,732 | €323,721 | €485,994 | €645,952 | €415,952 | ▼ 35.6% |
| Suppliers440/4 | - | - | €485,994 | €645,952 | €415,952 | ▼ 35.6% |
| Advances received on contracts in progress46 | - | - | €9,164 | €8,171 | €13,438 | ▲ 64.4% |
| Taxes, remuneration and social security45 | - | - | €273,595 | €220,428 | €249,464 | ▲ 13.2% |
| Taxes450/3 | - | - | €49,998 | €21,307 | €28,873 | ▲ 35.5% |
| Remuneration and social security454/9 | - | - | €223,597 | €199,122 | €220,591 | ▲ 10.8% |
| Accrued charges and deferred income492/3 | - | - | €95,000 | €117,507 | €94,569 | ▼ 19.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,983 | €166,743 | €240,390 | -€81,377 | -€146,851 | ▼ 80.5% |
| + Depreciation and write-downs630 | €13,782 | €20,024 | €122,256 | €34,907 | €33,163 | ▼ 5.0% |
| Operating cash flow (approximation) | €19,765 | €186,768 | €362,646 | -€46,470 | -€113,688 | ▼ 145% |
| Investment in fixed assets (approximation) | - | -€43,597 | -€186,285 | -€699,038 | -€345,451 | ▲ 50.6% |
| Change in cash | - | €66,203 | -€79,991 | -€56,425 | -€46,893 | ▲ 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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€146,851
Net result drops to -€146,851, the lowest in the series.
31-12
Financial
Equity above €1mEq €1.0m ▲51%
Equity rises from €693,080 to €1.0m.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €240,390 ▲44.2%
Operating result €299,089, net result €240,390, both a record.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €534,067 ▲45.4%
2 profitable years in a row build equity to €534,067.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €5,983
Net result €5,983 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €367,324 ▲251%
Equity rises from €104,761 to €367,324.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Herselt · 1 establishment unit since 1997
Ground area
1,420 m²
Building footprint
137 m²
Volume, LiDAR
677 m³
Parcel 13034I0381/00K000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BUILD SOFTWARE
since 19972.082.603.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034I0381/00K000 | Flanders | 1,420 m² | 1 · 137 m² | 7.4 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.
Structure & network
Part of the group
SWBPC
23 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- SWBPC
- Pates Consulting
- BUILD-SOFTWARE Holding
- BUILD-SOFTWARE
Highest known parent: SWBPC. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 3,906 EUR awarded · 5,256 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,513 EUR | 2,513 EUR |
| 2023 | 1 | 227 EUR | 1,577 EUR |
| 2022 | 1 | 1,166 EUR | 1,166 EUR |
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 4,009 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
Founded09-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460975573
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.