CARTAMUNDI DIGITAL
ActiveCARTAMUNDI DIGITAL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354k and a net result of €-13k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 76% of 1397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▼-10
Solvency100▲+4
Growth47=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.87 in 2024), and 35.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 62
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
59 d early
2023
63 d early
2022
77 d early
2021
75 d early
2020
61 d early
2019
59 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.38M▼ 0.3%
2024 · €1.39M
2018: €1.34M
2019: €1.20M
2020: €935k
2022: €1.05M
2023: €1.38M
2024: €1.39M
2018 → 2025
EBIT margin
-0.7%▼ 2.6pp
2024 · 2.0%
2018: 3.7%
2019: 2.7%
2020: 18.7%
2022: -12.0%
2023: 7.0%
2024: 2.0%
2018 → 2025
Net result
€-13k
2024 · €11k
2018: €53k
2019: €39k
2020: €132k
2022: €-123k
2023: €84k
2024: €11k
2018 → 2025
Working capital
€194k▲ 3.8%
2024 · €187k
2018: €565k
2019: €380k
2020: €303k
2022: €141k
2023: €200k
2024: €187k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€935k-€1.05M▲ 12.2%€1.38M▲ 31.2%€1.39M▲ 0.6%€1.38M▼ 0.3%
Equity€311k-€272k▼ 12.5%€356k▲ 30.9%€367k▲ 3.0%€354k▼ 3.5%
Operating result€174k-€-126k€97k€27k▼ 72.0%€-9k
Net result€132k-€-123k€84k€11k▼ 87.2%€-13k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €27k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €549k
Fixed assets
€160k▼ 11.1%
Current assets
€389k▼ 3.3%
Equity and liabilities €549k
Equity
€354k▼ 3.5%
Debt
€195k▼ 9.6%
The debt ratio falls from 37.0% to 35.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€84k▼
2024 · €102k
Cash flow
€80k▼
2024 · €85k
Solvency
64.5%▲
2024 · 63.0%
Current ratio
2.00▲
2024 · 1.87
Quick ratio
2.00▲
2024 · 1.87
Debt / equity
0.55▼
2024 · 0.59
ROE
-3.6%▼
2024 · 2.9%
ROA
-2.3%▼
2024 · 1.8%
Interest coverage
237.79▲
2024 · 35.25
Debt
€195k▼
2024 · €216k
Debt ≤ 1 year
€195k▼
2024 · €216k
Income taxes
€6k▼
2024 · €14k
Staff costs
€962k▲
2024 · €876k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€582k€549k▼
Fixed assets21/28€180k€160k▼
Tangible fixed assets22/27€180k€160k▼
Furniture and vehicles24€180k€160k▼
Current assets29/58€402k€389k▼
Amounts receivable within one year40/41€393k€385k▼
Trade receivables40€275k€134k▼
Other amounts receivable41€118k€251k▲
Cash at bank and in hand54/58€4k€4k▲
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€582k€549k▼
Equity10/15€367k€354k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€299k€286k▼
Amounts payable17/49€216k€195k▼
Amounts payable within one year42/48€216k€195k▼
Trade debts44€46k€28k▼
Suppliers440/4€46k€28k▼
Taxes, remuneration and social security45€170k€167k▼
Taxes450/3€47k€24k▼
Remuneration and social security454/9€123k€143k▲
Income statement
Code20242025
Operating income70/76A€1.39M€1.49M▲
Turnover70€1.39M€1.38M▼
Other operating income74€4k€107k▲
Non-recurring operating income76A€6k-
Operating charges60/66A€1.37M€1.50M▲
Goods for resale, raw materials and consumables60-€2k
Purchases600/8-€2k
Services and other goods61€416k€432k▲
Remuneration, social security and pensions62€876k€962k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€93k▲
Other operating charges640/8€955€10k▲
Operating profit (loss)9901€27k€-9k▼
Financial income75/76B€722€4k▲
Recurring financial income75€722€4k▲
Income from current assets751€721€4k▲
Other financial income752/9€1-
Financial charges65/66B€3k€907▼
Recurring financial charges65€3k€907▼
Debt charges650€3k€353▼
Other financial charges652/9€410€555▲
Profit (loss) for the period before taxes9903€25k€-7k▼
Income taxes67/77€14k€6k▼
Taxes670/3€14k€6k▼
Profit (loss) for the period9904€11k€-13k▼
Profit (loss) for the period to be appropriated9905€11k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€299k€286k▼
Profit (loss) brought forward from the previous period14P€288k€299k▲
Social balance
Average headcount (FTE)908713.413.5▲
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment3 facts ▸
- General meeting, 04/05/2026
- Director reappointment, Wilfried Aendekerk (bestuurder)
- Director reappointment, Bart Van Genechten (bestuurder)
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €84k
Net result €84k after one loss-making year.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-123k ▼193%
Net result drops to €-123k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €132k ▲236%
Operating result €174k, net result €132k, both a record.
31-12
Financial
Equity above €200kEq €311k ▲73.9%
3 profitable years in a row build equity to €311k.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €150kEq €179k ▲28.2%
2 profitable years in a row build equity to €179k.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Bart Van Genechten
CurrentDirector · since 04-05-2026
Wilfried Aendekerk
CurrentDirector · since 04-05-2026
04-05-2026
Bart Van Genechten: Mandate renewed as Director
04-05-2026
Wilfried Aendekerk: Mandate renewed as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Deinsesteenweg 1089031 GentGround area
5,596 m²
Building footprint
950 m²
Volume, LiDAR
6,090 m³
Parcel 44017D0593/00C000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Cartamundi Digital NV
since 20072.161.074.084
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0593/00C000 | Flanders | 5,596 m² | 1 · 950 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European research
2 projects · 1,000,648 EUR EU contributionProgrammes
h2020
Projects
Capacitive Identification Tokens
iBUS – an integrated business model for customer driven custom product supply chains
Similar companies · same sector, comparable size
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TRAFFICONLINE
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DE GRATIE INFORMATICS
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EULOGIC
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Of 16,813 companies in sector 62100 we hold annual accounts for 8,747. 5,952 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-03-2007
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
62900Other information technology and computer services
72600
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.