BYFAR
ActiveSummary
BYFAR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,460 and a net result of €308,632. Equity is shrinking by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 11% 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
Profitability100=
Solvency32▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.03 in 2023; short-term debt: 92.7% and cash: 75.2% of total assets), and 92.7% 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 20786 sector peers (2024).
NBB · sector comparisonPosition among 20786 sector peers
Solvency
better than 11%
← weakest
strongest →
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 20-06-2025, 41 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
43 d early
2022
42 d early
2021
40 d early
2020
36 d early
2019
30 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 39 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
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€308,632▲ 26.1%
2023 · €244,815
Working capital
€6,687▲ 44.2%
2023 · €4,637
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€128,886▲ 35.3%€84,879▼ 34.1%€111,828▲ 31.7%€161,737▲ 44.6%€302,573▲ 87.1%
Net result€100,263above the sector's middle half▲ 34.4%€67,507above the sector's middle half▼ 32.7%€87,410above the sector's middle half▲ 29.5%€244,815above the sector's middle half▲ 180%€308,632above the sector's middle half▲ 26.1%
Equity€237,638above the sector's middle half▲ 73.0%€45,144within the sector's middle half▼ 81.0%€20,460below the sector's middle half▼ 54.7%€20,460below the sector's middle half=€20,460below the sector's middle half=
Total assets€304,345above the sector's middle half▲ 87.1%€323,341above the sector's middle half▲ 6.2%€189,860within the sector's middle half▼ 41.3%€173,015within the sector's middle half▼ 8.9%€280,896above the sector's middle half▲ 62.4%
Debt€66,708▲ 164%€278,197▲ 317%€169,400▼ 39.1%€152,555▼ 9.9%€260,436▲ 70.7%
Working capital€236,378above the sector's middle half▲ 74.6%€35,416within the sector's middle half▼ 85.0%€9,483below the sector's middle half▼ 73.2%€4,637below the sector's middle half▼ 51.1%€6,687below the sector's middle half▲ 44.2%
Solvency78.1%within the sector's middle half▼ 6.4pp14.0%below the sector's middle half▼ 64.1pp10.8%below the sector's middle half▼ 3.2pp11.8%below the sector's middle half▲ 1.0pp7.3%below the sector's middle half▼ 4.5pp
Current ratio4.54within the sector's middle half▼ 1.811.13below the sector's middle half▼ 3.421.06below the sector's middle half▼ 0.071.03below the sector's middle half▼ 0.031.03below the sector's middle half=
Return on assets (ROA)32.9%above the sector's middle half▼ 12.9pp20.9%within the sector's middle half▼ 12.1pp46.0%above the sector's middle half▲ 25.2pp141.5%above the sector's middle half▲ 95.5pp109.9%above the sector's middle half▼ 31.6pp
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.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 87% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €280,896
Fixed assets
€13,773 ▼ 13.0%
Current assets
€267,123 ▲ 69.9%
Equity and liabilities €280,896
Equity
€20,460 =
Debt
€260,436 ▲ 70.7%
Debt's share of the balance-sheet total rises from 88.2% to 92.7%. Debt is higher.
Key figures and ratios
EBITDA
€304,624▲
2023 · €163,514
Cash flow
€310,683▲
2023 · €246,592
Debt to equity
12.73▲
2023 · 7.46
Interest coverage
271.29▲
2023 · 157.96
Debt ≤ 1 year
€260,436▲
2023 · €152,555
Income taxes
€72,818▲
2023 · €35,887
A ratio outside any meaningful range has been withheld (balance sheet total €280,896, equity €20,460).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 2,151 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €770 | €1,938 | €763 | €1,777 | €2,051 | ▲ 15.4% |
| Other operating charges640/8 | - | €521 | €1,924 | €1,267 | €511 | ▼ 59.6% |
| Gross operating margin9900 | €129,657 | €87,338 | €114,516 | €164,780 | €305,135 | ▲ 85.2% |
| Operating profit (loss)9901 | €128,886 | €84,879 | €111,828 | €161,737 | €302,573 | ▲ 87.1% |
| Financial income75/76B | - | €1,233 | €892 | €120,000 | €80,000 | ▼ 33.3% |
| Recurring financial income75 | €1,393 | €1,233 | €892 | €120,000 | €80,000 | ▼ 33.3% |
| Financial charges65/66B | - | €1,352 | €1,177 | €1,035 | €1,123 | ▲ 8.5% |
| Recurring financial charges65 | €211 | €1,352 | €1,177 | €1,035 | €1,123 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €130,068 | €84,761 | €111,543 | €280,701 | €381,451 | ▲ 35.9% |
| Income taxes67/77 | €29,805 | €17,255 | €24,133 | €35,887 | €72,818 | ▲ 103% |
| Profit (loss) for the period9904 | €100,263 | €67,507 | €87,410 | €244,815 | €308,632 | ▲ 26.1% |
| Profit (loss) for the period to be appropriated9905 | €100,263 | €67,507 | €87,410 | €244,815 | €308,632 | ▲ 26.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304,345 | €323,341 | €189,860 | €173,015 | €280,896 | ▲ 62.4% |
| Fixed assets21/28 | €1,259 | €9,728 | €10,977 | €15,823 | €13,773 | ▼ 13.0% |
| Tangible fixed assets22/27 | €1,259 | €1,728 | €2,977 | €4,433 | €2,383 | ▼ 46.3% |
| Plant, machinery and equipment23 | - | €1,591 | €2,977 | €4,433 | €2,383 | ▼ 46.3% |
| Furniture and vehicles24 | - | €137 | - | - | - | - |
| Financial fixed assets28 | - | €8,000 | €8,000 | €11,390 | €11,390 | = |
| Current assets29/58 | €303,086 | €313,613 | €178,884 | €157,191 | €267,123 | ▲ 69.9% |
| Amounts receivable within one year40/41 | €22,918 | €67,054 | €38,382 | €56,376 | €55,540 | ▼ 1.5% |
| Trade receivables40 | - | €31,560 | €38,087 | €56,376 | €55,540 | ▼ 1.5% |
| Other amounts receivable41 | - | €35,494 | €295 | - | - | - |
| Cash at bank and in hand54/58 | €280,168 | €245,343 | €140,109 | €96,940 | €211,226 | ▲ 118% |
| Deferred charges and accrued income490/1 | - | €1,216 | €393 | €3,875 | €358 | ▼ 90.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304,345 | €323,341 | €189,860 | €173,015 | €280,896 | ▲ 62.4% |
| Equity10/15 | €237,638 | €45,144 | €20,460 | €20,460 | €20,460 | = |
| Contributions10/11 | - | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €229,578 | €37,084 | - | - | - | - |
| Amounts payable17/49 | €66,708 | €278,197 | €169,400 | €152,555 | €260,436 | ▲ 70.7% |
| Amounts payable within one year42/48 | €66,708 | €278,197 | €169,400 | €152,555 | €260,436 | ▲ 70.7% |
| Trade debts44 | €8,616 | €7,459 | €5,354 | €2,266 | €1,043 | ▼ 54.0% |
| Suppliers440/4 | - | €7,459 | €5,354 | €2,266 | €1,043 | ▼ 54.0% |
| Taxes, remuneration and social security45 | - | €10,738 | €27,422 | €23,159 | €50,732 | ▲ 119% |
| Taxes450/3 | - | €7,738 | €27,422 | €19,159 | €46,732 | ▲ 144% |
| Remuneration and social security454/9 | - | €3,000 | - | €4,000 | €4,000 | = |
| Other amounts payable47/48 | - | €260,000 | €136,623 | €127,130 | €208,661 | ▲ 64.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,263 | €67,507 | €87,410 | €244,815 | €308,632 | ▲ 26.1% |
| + Depreciation and write-downs630 | €770 | €1,938 | €763 | €1,777 | €2,051 | ▲ 15.4% |
| Operating cash flow (approximation) | €101,033 | €69,444 | €88,173 | €246,592 | €310,683 | ▲ 26.0% |
| Investment in fixed assets (approximation) | - | -€10,406 | -€2,012 | -€6,624 | €0 | ▲ 100% |
| Change in cash | - | -€34,825 | -€105,234 | -€43,169 | €114,286 | ▲ 365% |
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
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €308,632 ▲26.1%
Operating result €302,573, net result €308,632, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €237,638 ▲73%
3 profitable years in a row build equity to €237,638.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 6.35
Current ratio from 3.14 to 6.35; short-term debt falls from €29,349 to €25,305.
31-12
Financial
Equity above €100,000Eq €137,375 ▲119%
2 profitable years in a row build equity to €137,375.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
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, Brussel · 1 establishment unit since 2018
Ground area
1,740 m²
Building footprint
1,742 m²
Volume, LiDAR
36,451 m³
Parcel 21806F0369/00H002, Brussels · tallest building 34.0 m, ±9 floors. Linked by address, not a title deed.
166
companies at this address
See who is registered here
1 establishment unit
BYFAR
since 20182.277.408.956
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0369/00H002 | Brussels | 1,740 m² | 1 · 1,742 m² | 34.0 m · 9 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
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
40%
According to the 2024 annual accounts of BYFAR and those 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
European Union, budget
2023 to 2025 · 5 entries · 410,400 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 2 | 163,200 EUR |
| 2024 | 2 | 167,200 EUR |
| 2023 | 1 | 80,000 EUR |
Projects
ANALYST/CONSULTANT/ARCHITECT/EXPERT/WEBMASTER/ENGINEER FOR INFORMATION TECHNOLOGIES SYSTEMS AND/OR SERVICES
PURCHASE AND/OR MAINTENANCE OF INFORMATION TECHNOLOGIES AND/OR COMMUNICATION EQUIPMENT COVERING END-USER SOFTWARE AND OTHER RELATED DOMAINS
ANALYST/CONSULTANT/ARCHITECT/EXPERT/WEBMASTER/ENGINEER FOR INFORMATION TECHNOLOGIES SYSTEMS AND/OR SERVICES COVERING INFORMATION SYSTEMS DEVELOPMENT AND OTHER RELATED DOMAINS
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 13,048 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
Founded10-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Contact
E-mail
fausto.rubino@byfar.euBrussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687779785
Also
9925:BE0687779785
Registered
29-12-2025
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.