CAIRA
ActiveSummary
CAIRA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €256,858 and a net result of -€12,192. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 1559 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-44
Solvency85▼-15
Growth24▼-13
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.42 against 3.73 in 2023; short-term debt: 40.2% and cash: 31.6% of total assets), and 40.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
59.8%
Return on assets
-2.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€12,192
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2026, 365 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
365 d late
2023
288 d late
2022
606 d late
2021
67 d early
2020
85 d early
2019
20 d late
← 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 188 days after 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, full schema
Turnover
€482,638▼ 46.9%
2022 · €909,082
EBIT margin
-2.3%▼ 9.5pp
2022 · 7.2%
Net result
-€12,192▼ 440%
2023 · -€2,258
Working capital
€245,143▼ 2.6%
2023 · €251,659
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
Turnover€631,310€909,082€482,638
Operating result€27,989▼ 86.1%-€85,253€65,409-€5,304-€11,003▼ 107%
Net result€22,196within the sector's middle half▼ 84.4%-€84,919below the sector's middle half€52,746within the sector's middle half-€2,258below the sector's middle half-€12,192below the sector's middle half▼ 440%
EBIT margin4.4%7.2%-2.3%
Equity€363,411within the sector's middle half▲ 6.5%€220,000within the sector's middle half▼ 39.5%€272,746within the sector's middle half▲ 24.0%€270,488within the sector's middle half▼ 0.8%€256,858within the sector's middle half▼ 5.0%
Total assets€511,545within the sector's middle half▼ 14.9%€390,622within the sector's middle half▼ 23.6%€355,749within the sector's middle half▼ 8.9%€362,756within the sector's middle half▲ 2.0%€429,332within the sector's middle half▲ 18.4%
Debt€148,134▼ 43.1%€170,622▲ 15.2%€83,003▼ 51.4%€92,268▲ 11.2%€172,473▲ 86.9%
Working capital€284,972within the sector's middle half▲ 3.1%€159,897within the sector's middle half▼ 43.9%€218,124within the sector's middle half▲ 36.4%€251,659within the sector's middle half▲ 15.4%€245,143within the sector's middle half▼ 2.6%
Solvency71.0%above the sector's middle half▲ 14.3pp56.3%within the sector's middle half▼ 14.7pp76.7%above the sector's middle half▲ 20.3pp74.6%above the sector's middle half▼ 2.1pp59.8%within the sector's middle half▼ 14.7pp
Current ratio3.06within the sector's middle half▲ 1.002.00within the sector's middle half▼ 1.073.63above the sector's middle half▲ 1.633.73above the sector's middle half▲ 0.102.42within the sector's middle half▼ 1.31
Return on assets (ROA)4.3%within the sector's middle half▼ 19.3pp-21.7%below the sector's middle half▼ 26.1pp14.8%within the sector's middle half▲ 36.6pp-0.6%below the sector's middle half▼ 15.4pp-2.8%below the sector's middle half▼ 2.2pp
Staff (FTE)4.3within the sector's middle half▲ 7.5%5.3within the sector's middle half▲ 23.3%6within the sector's middle half▲ 13.2%3below the sector's middle half▼ 50.0%3.1below the sector's middle half▲ 3.3%
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
The operating result stays negative: a loss of €11,003 in 2024 against €5,304 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €429,332
Fixed assets
€11,716 ▼ 37.8%
Current assets
€417,616 ▲ 21.4%
Equity and liabilities €429,332
Equity
€256,858 ▼ 5.0%
Debt
€172,473 ▲ 86.9%
Debt's share of the balance-sheet total rises from 25.4% to 40.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,890▼
2023 · €6,733
Cash flow
-€5,078▼
2023 · €9,778
Quick ratio
2.03▼
2023 · 2.98
Debt to equity
0.67▲
2023 · 0.34
ROE
-4.7%▼
2023 · -0.8%
Interest coverage
-0.54▼
2023 · 5.06
Debt ≤ 1 year
€172,473▲
2023 · €92,268
Staff costs
€224,508▲
2023 · €193,711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% 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 497,662 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 12,321 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 | €631,310 | - | €909,082 | - | €482,638 | - |
| Non-recurring operating income76A | - | - | - | €1,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €611,604 | - | €292,727 | - |
| Remuneration, social security and pensions62 | - | €267,933 | €199,379 | €193,711 | €224,508 | ▲ 15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,401 | €18,336 | €26,045 | €12,036 | €7,114 | ▼ 40.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€3,035 | - | - |
| Other operating charges640/8 | - | €5,962 | €6,645 | €8,843 | €1,028 | ▼ 88.4% |
| Non-recurring operating charges66A | - | - | - | €27,231 | - | - |
| Gross operating margin9900 | €220,696 | €206,978 | €297,478 | €233,483 | €221,646 | ▼ 5.1% |
| Operating profit (loss)9901 | €27,989 | -€85,253 | €65,409 | -€5,304 | -€11,003 | ▼ 107% |
| Financial income75/76B | - | €9,508 | €7,786 | €6,199 | €5,956 | ▼ 3.9% |
| Recurring financial income75 | €5,458 | €9,508 | €7,786 | €6,199 | €5,956 | ▼ 3.9% |
| Financial charges65/66B | - | €8,767 | €449 | €1,329 | €7,145 | ▲ 438% |
| Recurring financial charges65 | €979 | €8,767 | €449 | €1,329 | €7,145 | ▲ 438% |
| Profit (loss) for the period before taxes9903 | €32,467 | -€84,512 | €72,746 | -€434 | -€12,192 | ▼ 2,708% |
| Transfer to deferred taxes680 | - | - | €20,000 | - | - | - |
| Income taxes67/77 | €10,272 | €407 | - | €1,824 | - | - |
| Profit (loss) for the period9904 | €22,196 | -€84,919 | €52,746 | -€2,258 | -€12,192 | ▼ 440% |
| Profit (loss) for the period to be appropriated9905 | €22,196 | -€84,919 | €52,746 | -€2,258 | -€12,192 | ▼ 440% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €511,545 | €390,622 | €355,749 | €362,756 | €429,332 | ▲ 18.4% |
| Fixed assets21/28 | €88,439 | €70,103 | €54,622 | €18,829 | €11,716 | ▼ 37.8% |
| Tangible fixed assets22/27 | €85,281 | €66,945 | €50,074 | €14,281 | €7,168 | ▼ 49.8% |
| Furniture and vehicles24 | - | €33,021 | €22,843 | €14,281 | €7,168 | ▼ 49.8% |
| Other tangible fixed assets26 | - | €33,925 | €27,231 | - | - | - |
| Financial fixed assets28 | €3,158 | €3,158 | €4,548 | €4,548 | €4,548 | = |
| Current assets29/58 | €423,106 | €320,518 | €301,127 | €343,926 | €417,616 | ▲ 21.4% |
| Stocks and contracts in progress3 | €104,282 | €57,801 | €57,801 | €69,043 | €67,371 | ▼ 2.4% |
| Stocks30/36 | - | €57,801 | €57,801 | €69,043 | €67,371 | ▼ 2.4% |
| Amounts receivable within one year40/41 | €134,589 | €138,456 | €89,884 | €180,333 | €212,631 | ▲ 17.9% |
| Trade receivables40 | - | €86,856 | €60,818 | €86,762 | €81,912 | ▼ 5.6% |
| Other amounts receivable41 | - | €51,600 | €29,067 | €93,570 | €130,719 | ▲ 39.7% |
| Cash at bank and in hand54/58 | €183,383 | €118,678 | €147,645 | €87,403 | €135,517 | ▲ 55.0% |
| Deferred charges and accrued income490/1 | - | €5,584 | €5,796 | €7,148 | €2,097 | ▼ 70.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €511,545 | €390,622 | €355,749 | €362,756 | €429,332 | ▲ 18.4% |
| Equity10/15 | €363,411 | €220,000 | €272,746 | €270,488 | €256,858 | ▼ 5.0% |
| Contributions10/11 | €0 | €200,000 | €220,000 | €200,000 | €200,000 | = |
| Reserves13 | €20,000 | €20,000 | - | €20,000 | €20,000 | = |
| Non-distributable reserves130/1 | - | €20,000 | - | €20,000 | €20,000 | = |
| Reserves not available under the articles1311 | - | €20,000 | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €143,411 | - | €52,746 | €50,488 | €36,858 | ▼ 27.0% |
| Amounts payable17/49 | €148,134 | €170,622 | €83,003 | €92,268 | €172,473 | ▲ 86.9% |
| Amounts payable within one year42/48 | €138,134 | €160,622 | €83,003 | €92,268 | €172,473 | ▲ 86.9% |
| Current portion of amounts payable after more than one year42 | - | €16,717 | €6,690 | - | - | - |
| Trade debts44 | - | €40,715 | €39,570 | €38,451 | €55,635 | ▲ 44.7% |
| Suppliers440/4 | - | €40,715 | €39,570 | €38,451 | €55,635 | ▲ 44.7% |
| Taxes, remuneration and social security45 | - | €44,698 | €36,743 | €52,827 | €116,839 | ▲ 121% |
| Taxes450/3 | - | €6,241 | €5,931 | €20,812 | €82,914 | ▲ 298% |
| Remuneration and social security454/9 | - | €38,457 | €30,813 | €32,015 | €33,925 | ▲ 6.0% |
| Other amounts payable47/48 | - | €58,492 | - | €990 | - | - |
| Accrued charges and deferred income492/3 | - | €10,000 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,196 | -€84,919 | €52,746 | -€2,258 | -€12,192 | ▼ 440% |
| + Depreciation and write-downs630 | €14,401 | €18,336 | €26,045 | €12,036 | €7,114 | ▼ 40.9% |
| Operating cash flow (approximation) | €36,596 | -€66,583 | €78,791 | €9,778 | -€5,078 | ▼ 152% |
| Investment in fixed assets (approximation) | - | €0 | -€10,564 | €23,757 | €0 | ▼ 100.0% |
| Change in cash | - | -€64,705 | €28,967 | -€60,242 | €48,114 | ▲ 180% |
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
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 365 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 365 days late
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 288 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 606 days late
2022
31-12
Financial
Back to profitnet €52,746
Net result €52,746 after one loss-making year.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€84,919
Net result drops to -€84,919, the lowest in the series; recovery starts the following year.
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
31-12
Financial
Highest result since 2018net €141,898 ▲540%
Operating result €201,372, net result €141,898, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Wavre
Ground area
2,352 m²
Building footprint
823 m²
Parcel 25772F0216/00W000, Wallonia. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772F0216/00W000 | Wallonia | 2,352 m² | 1 · 823 m² | - |
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 ownerChain of control
- NEOSOURCE
- CAIRA
Highest known parent: NEOSOURCE. The sources do not say who stands above it.
Owners 1
- NEOSOURCEparentSourceaccounts NEOSOURCE 2025100%
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.
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,363 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
Founded07-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
62100Computer programming
47640Retail sale of games and toys
62200Computer consultancy and computer facilities management
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877129230
Also
9925:BE0877129230
Registered
24-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.