Catch-42
ActiveSummary
Catch-42 has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198,792 and a net result of €78,414. Its solvency ranks better than 79% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-06-2023 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 2 others
- Establishment unit
- 2.346.980.128 9052 Gent, since 30-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €104,592
- ▼ 33.7%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €78,414
- ▼ 35.5%
- Equity
- €198,792
- ▲ 65.1%
- Total assets
- €238,984
- ▲ 36.8%
Score breakdownraises riskFounded in 2023lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Equity €198,792 (83.2% of total assets)Figures for financial year 2025 (filed on 02-07-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 39% on liquidity, 82% on profitability and 83% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 29 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 33% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €1,235 | €544 | ▼ 56.0% |
| Gross operating margin9900 | €157,673 | €104,592 | ▼ 33.7% |
| Operating profit (loss)9901 | €156,438 | €104,048 | ▼ 33.5% |
| Financial income75/76B | €834 | €3,150 | ▲ 278% |
| Recurring financial income75 | €834 | €3,150 | ▲ 278% |
| Financial charges65/66B | €1,034 | €749 | ▼ 27.5% |
| Recurring financial charges65 | €1,034 | €749 | ▼ 27.5% |
| Profit (loss) for the period before taxes9903 | €156,239 | €106,448 | ▼ 31.9% |
| Income taxes67/77 | €34,638 | €28,035 | ▼ 19.1% |
| Profit (loss) for the period9904 | €121,601 | €78,414 | ▼ 35.5% |
| Profit (loss) for the period to be appropriated9905 | €121,601 | €78,414 | ▼ 35.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €174,680 | €238,984 | ▲ 36.8% |
| Current assets29/58 | €174,680 | €238,984 | ▲ 36.8% |
| Amounts receivable within one year40/41 | €18,386 | €31,751 | ▲ 72.7% |
| Trade receivables40 | €18,325 | €31,703 | ▲ 73.0% |
| Other amounts receivable41 | €61 | €48 | ▼ 20.8% |
| Current investments50/53 | €105,000 | €184,900 | ▲ 76.1% |
| Cash at bank and in hand54/58 | €49,692 | €20,788 | ▼ 58.2% |
| Deferred charges and accrued income490/1 | €1,603 | €1,545 | ▼ 3.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €174,680 | €238,984 | ▲ 36.8% |
| Equity10/15 | €120,378 | €198,792 | ▲ 65.1% |
| Contributions10/11 | €4,000 | €4,000 | = |
| Reserves13 | €116,378 | €194,792 | ▲ 67.4% |
| Distributable reserves133 | €116,378 | €194,792 | ▲ 67.4% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €54,302 | €40,192 | ▼ 26.0% |
| Amounts payable within one year42/48 | €53,843 | €39,906 | ▼ 25.9% |
| Financial debts43 | €24 | €164 | ▲ 599% |
| Credit institutions430/8 | €24 | €164 | ▲ 599% |
| Trade debts44 | €1,673 | €728 | ▼ 56.5% |
| Suppliers440/4 | €1,673 | €728 | ▼ 56.5% |
| Taxes, remuneration and social security45 | €43,703 | €35,500 | ▼ 18.8% |
| Taxes450/3 | €43,703 | €35,500 | ▼ 18.8% |
| Other amounts payable47/48 | €8,444 | €3,513 | ▼ 58.4% |
| Accrued charges and deferred income492/3 | €459 | €286 | ▼ 37.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €121,601 | €78,414 | ▼ 35.5% |
| Operating cash flow (approximation) | €121,601 | €78,414 | ▼ 35.5% |
| Change in cash | - | -€28,904 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Catch-42 has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of Catch-42 itself is lower: 0.1% within 12 months. It rests on far more data about Catch-42 than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Catch-42. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- FAES Andreas 400 shares (100%) · €4,000
Capital transactions
- 04-07-2023 Incorporation · €4,000 · 400 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking,bij gebrek onbepaalde duur, 1”
Articles of association, deed of 04-07-2023 (in Dutch)
Network & group
Catch-42 shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Catch-42. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
04-07
Gazette deed
IncorporationStarting capital €4,000 · Appointment: FAES Andreas (director) · Founder13 points ▸
- Founder, FAES Andreas
- Other provision, “wettelijk samenwonende partner, Tramstraat 23,9052 Gent (Zwijnaarde)” (deed in Dutch)
- Incorporation, “Catch-42” (deed in Dutch)
- Founding capital, €4,000
- FAES Andreas holds 400 shares
- Bank account, “BE12 0689 4925 8292”, 4000 (deed in Dutch)
- Other provision, “statuten, statuten luiden als volgt” (deed in Dutch)
- Other provision, “eenparige overgangsbepalingen comparant, comparant” (deed in Dutch)
- Registered office clause, “9052 Gent (Zwijnaarde), Tramstraat 23, vanaf neerlegging ter griffie van uitgifte overeenkomstig wet” (deed in Dutch)
- Board rule, 1, “vanaf neerlegging ter griffie van uitgifte overeenkomstig wet” (deed in Dutch)
- Director appointment, FAES Andreas (director)
- Other provision, “verklaring geen verhindering mandaat, niet getroffen door maatregel die zich tegen mandaat verzet” (deed in Dutch)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44082B0166/00F002 | Flanders | 343 m² | 1 · 110 m² | 10.1 m · 2 |