BUSINESS APPLICATION SOFTWARE AND SERVICES

Active

Limited partnershipfounded 2010active for 16 yearsBruggestraat 118, 8930 Menen, BelgiumKBO/BCE: BE 0823.401.425

Summary

The computed 12-month bankruptcy probability of BUSINESS APPLICATION SOFTWARE AND SERVICES is 1.8% (moderate). For BUSINESS APPLICATION SOFTWARE AND SERVICES, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €63,234 and a net result of €21,118. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 42% of 8,957 sector peers (NACE 47, financial year 2022). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

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BUSINESS APPLICATION SOFTWARE AND SERVICESActive

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Activity

Retail sale of information and communication equipment

NACE 47400

1 site

Size

€82,000turnover 2022

Equity: €63,234
Profit: €21,118

Financial health

Bankruptcy probabilitywithin 12 months: 1.8%

2022 figures too old to score

Structure

Holdings: 3

Accounts 804 days overdue0 of 2 deeds read

Signalsraises riskFigures for financial year 2022 (filed 30-03-2023)Size: turnover €82,000, total assets €209,202Two or more financial years not filedlowers riskLegal form: limited partnershipFounded in 2010neutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score

Figures too old

The available figures for FY 2022 are too old to assess current financial health.

Filing: At least two filing cycles are missing

Financial strength, FY 2022 · tick = 2021

Strong

Solvency 55+7

equity 30.2% of total assets

Liquidity 47+4

short-term debt 25.4% · cash 5.5%

Profitability 88+19

return on assets 10.1%

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,192 companies, NACE 47, micro)

Last 24 months 11-2024: 1.1%lowest value 12-2024: 1.3%▲ +0.2 percentage points vs 11-2024 01-2025: 2.0%▲ +0.7 percentage points vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025highest value 04-2025: 1.8%▼ -0.2 percentage points vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.9%▲ +0.1 percentage points vs 05-2025 07-2025: 1.9%● unchanged vs 06-2025 08-2025: 1.9%● unchanged vs 07-2025 09-2025: 1.9%● unchanged vs 08-2025 10-2025: 1.8%▼ -0.1 percentage points vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 1.8%● unchanged vs 12-2025 02-2026: 1.8%● unchanged vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.8%● unchanged vs 06-2026 08-2026: 1.8%● unchanged vs 07-2026 09-2026: 1.8%● unchanged vs 08-2026 10-2026: 1.8%● unchanged vs 09-2026

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Signals

Six signals.

lowers riskraises riskneutral

Figures for financial year 2022 (filed 30-03-2023)

NBB · annual accounts

Legal form: limited partnership

KBO

Size: turnover €82,000, total assets €209,202

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2010

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Two or more financial years not filed

Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2023 year end31-07-2024 deadline13-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-03-2023, 126 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

126 days early

2021

48 days early

2020

45 days early

2019

79 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 75 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

27-03-2023 Annual accounts filedfinancial year 2022 · abbreviated…
31-12-2022 Highest result from 2018 to 2022net €21,118 ▲2,094%
13-06-2022 Annual accounts filedfinancial year 2021 · abbreviated…

Key points

Risk: Accounts not fileddeadline was 31-07-2024 804 days late View
Caution: Among the weakest 19% on equitysector median €306,353 · 8,958 companies €63,234 View
Positive: 5 profitable years in a rowprofit 2022: €21,118 5 years View