Challenger One
ActiveSummary
Challenger One has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296,200 and a net result of €1.6m. Equity is shrinking by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 1958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
What stands out
Overview
0 of 2 deeds read#8 company by total assets in Wavre, Telecoms and IT sectorAccounts 95 d early
Why 67- Limited track record- Higher-failure-rate region- Weak solvency vs sector+ Lower-failure-rate sector+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency34▼-66
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 8.94 in 2024; short-term debt: 90.5% and cash: 36.9% of total assets), and 90.5% 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○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.5%
Return on assets
51.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1958 sector peers (2025).
NBB · sector comparisonPosition among 1958 sector peers
Solvency
better than 17%
← weakest
strongest →
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 27-04-2026, 95 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
95 d early
2024
29 d late
2023
29 d late
2022
70 d late
← 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 8 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 August (3 of the last 4 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Liquidity doublescurrent ratio 8.94
Financials
Fiscal year 2025Total assets €3.1mProfit €1.6mSolvency 9.5%Liquidity 1.08
Total assets
€3.1m▼ 44.5%
2022 - 2025
Net result
€1.6m▼ 4.8%
2022 - 2025
Equity
€296,200▼ 94.1%
2022 - 2025
Staff (FTE)
4▲ 25.0%
2022 - 2025
Financials · fiscal year 2025, micro schema
In the rankings
#8 company by total assets in Wavre, Telecoms and IT sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€3.9m-€0.8m▼ 79.3%€2.1m▲ 161%€1.9m▼ 8.7%
Net result€2.8mabove the sector's middle half-€0.2mabove the sector's middle half▼ 92.8%€1.7mabove the sector's middle half▲ 742%€1.6mabove the sector's middle half▼ 4.8%
Equity€2.8mabove the sector's middle half-€3.3mabove the sector's middle half▲ 17.6%€5.0mabove the sector's middle half▲ 51.3%€0.3mabove the sector's middle half▼ 94.1%
Total assets€3.6mabove the sector's middle half-€4.3mwithin the sector's middle half▲ 20.8%€5.6mabove the sector's middle half▲ 31.1%€3.1mabove the sector's middle half▼ 44.5%
Debt€0.7m-€1.0m▲ 33.1%€0.6m▼ 36.9%€2.8m▲ 355%
Working capital€2.8mabove the sector's middle half-€3.2mabove the sector's middle half▲ 16.5%€5.0mabove the sector's middle half▲ 52.8%€0.2mabove the sector's middle half▼ 95.4%
Solvency79.2%above the sector's middle half-77.1%above the sector's middle half▼ 2.1pp89.0%above the sector's middle half▲ 11.9pp9.5%below the sector's middle half▼ 79.5pp
Current ratio4.75above the sector's middle half-4.28above the sector's middle half▼ 0.478.94above the sector's middle half▲ 4.661.08within the sector's middle half▼ 7.86
Return on assets (ROA)79.1%above the sector's middle half-4.7%within the sector's middle half▼ 74.5pp30.1%within the sector's middle half▲ 25.5pp51.7%above the sector's middle half▲ 21.6pp
Staff (FTE)1.5-2.5below the sector's middle half▲ 66.7%3.2▲ 28.0%4▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +742% on 2023. The accounts now follow the micro schema, last year the full schema.
- 2023 Net result -93% on 2022. The accounts now follow the full schema, last year the micro schema.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€69,085 ▼ 0.5%
Current assets
€3.1m ▼ 45.1%
Equity and liabilities €3.1m
Equity
€296,200 ▼ 94.1%
Debt
€2.8m ▲ 355%
Debt's share of the balance-sheet total rises from 11.0% to 90.5%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
€1.9m▼
2024 · €2.1m
Cash flow
€1.6m▼
2024 · €1.7m
Debt to equity
9.57▲
2024 · 0.12
ROE
546.6%▲
2024 · 33.9%
Interest coverage
7.84▲
2024 · 7.44
Debt ≤ 1 year
€2.8m▲
2024 · €623,333
Income taxes
€189,209▲
2024 · €174,547
Staff costs
€224,689▲
2024 · €162,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% 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
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,153 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.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.07m | €0.1m | €0.2m | €0.2m | ▲ 38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.02m | €0.02m | ▼ 11.6% |
| Other operating charges640/8 | €150 | €0.006m | €0.001m | €0.001m | ▼ 5.6% |
| Gross operating margin9900 | €4.0m | €1.0m | €2.3m | €2.2m | ▼ 5.4% |
| Operating profit (loss)9901 | €3.9m | €0.8m | €2.1m | €1.9m | ▼ 8.7% |
| Financial income75/76B | - | €0.01m | €0.06m | €0.1m | ▲ 139% |
| Recurring financial income75 | - | €0.01m | €0.06m | €0.1m | ▲ 139% |
| Financial charges65/66B | €0.6m | €0.3m | €0.3m | €0.2m | ▼ 13.4% |
| Recurring financial charges65 | €0.6m | €0.3m | €0.3m | €0.2m | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €3.3m | €0.6m | €1.9m | €1.8m | ▼ 3.6% |
| Transfer to deferred taxes680 | - | €0.3m | - | - | - |
| Income taxes67/77 | €0.5m | €0.07m | €0.2m | €0.2m | ▲ 8.4% |
| Profit (loss) for the period9904 | €2.8m | €0.2m | €1.7m | €1.6m | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €2.8m | €0.2m | €1.7m | €1.6m | ▼ 4.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.6m | €4.3m | €5.6m | €3.1m | ▼ 44.5% |
| Fixed assets21/28 | €0.04m | €0.08m | €0.07m | €0.07m | ▼ 0.5% |
| Tangible fixed assets22/27 | €0.04m | €0.05m | €0.04m | €0.03m | ▼ 23.0% |
| Plant, machinery and equipment23 | - | - | €0.001m | €0.001m | ▲ 30.9% |
| Furniture and vehicles24 | €0.04m | €0.05m | €0.04m | €0.03m | ▼ 23.7% |
| Financial fixed assets28 | - | €0.03m | €0.03m | €0.03m | ▲ 39.4% |
| Current assets29/58 | €3.5m | €4.2m | €5.6m | €3.1m | ▼ 45.1% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €2.1m | €0.07m | ▼ 96.6% |
| Trade receivables40 | €0.1m | €0.08m | €0.06m | €0.05m | ▼ 12.5% |
| Other amounts receivable41 | €0.07m | €0.07m | €2.0m | €0.02m | ▼ 99.0% |
| Current investments50/53 | - | €3.8m | €3.0m | €1.8m | ▼ 39.4% |
| Cash at bank and in hand54/58 | €3.3m | €0.3m | €0.5m | €1.2m | ▲ 139% |
| Deferred charges and accrued income490/1 | €0.001m | €0.008m | €0.001m | €0.01m | ▲ 1,567% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.6m | €4.3m | €5.6m | €3.1m | ▼ 44.5% |
| Equity10/15 | €2.8m | €3.3m | €5.0m | €0.3m | ▼ 94.1% |
| Contributions10/11 | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves13 | - | €0.3m | €0.3m | €0.3m | = |
| Tax-exempt reserves132 | - | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €2.8m | €3.0m | €4.7m | - | - |
| Amounts payable17/49 | €0.7m | €1.0m | €0.6m | €2.8m | ▲ 355% |
| Amounts payable within one year42/48 | €0.7m | €1.0m | €0.6m | €2.8m | ▲ 355% |
| Trade debts44 | €0.1m | €0.3m | €0.3m | €0.1m | ▼ 63.7% |
| Suppliers440/4 | €0.1m | €0.3m | €0.3m | €0.1m | ▼ 63.7% |
| Taxes, remuneration and social security45 | €0.6m | €0.6m | €0.3m | €1.3m | ▲ 319% |
| Taxes450/3 | €0.6m | €0.6m | €0.3m | €1.3m | ▲ 343% |
| Remuneration and social security454/9 | €0.01m | €0.02m | €0.02m | €0.03m | ▲ 36.6% |
| Other amounts payable47/48 | €0.001m | €0.07m | €0.01m | €1.4m | ▲ 12,813% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.8m | €0.2m | €1.7m | €1.6m | ▼ 4.8% |
| + Depreciation and write-downs630 | €0.01m | €0.01m | €0.02m | €0.02m | ▼ 11.6% |
| Operating cash flow (approximation) | €2.8m | €0.2m | €1.7m | €1.6m | ▼ 4.9% |
| Investment in fixed assets (approximation) | - | -€0.05m | -€0.01m | -€0.02m | ▼ 60.4% |
| Change in cash | - | -€3.0m | €0.2m | €0.7m | ▲ 290% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
KODESK
BE 0836.469.996
Assesse · Eq €298,179
RUBEN NOLLET
BE 0478.640.956
Herent · Eq €298,358
DOMENSINO MEDIA
BE 0473.515.792
Antwerpen · Eq €293,537
AURANTIA CONSULTING
BE 0834.271.165
Kapellen · Eq €299,039
DID-IT
BE 0645.834.116
Brugge · Eq €300,668
Of 2,782 companies in this sector we hold annual accounts for 699. 430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
7 eventsLatest 27-04-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 8.94
Current ratio from 4.28 to 8.94; short-term debt falls from €987,261 to €623,333.
31-12
Financial
Equity above €5mEq €5.0m ▲51.3%
3 profitable years in a row build equity to €5.0m.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €202,154 ▼92.8%
Net result drops to €202,154, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Support & recognitions
1 register with a recognitionLEI issued
LEI
active
549300ZPJAK7HK0NHO23
Recognitions · licences · registrations
Legal Entity Identifier
549300ZPJAK7HK0NHO23
Company details
Private limited company · founded 02-06-2021Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded02-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
58290Other software publishing
63910Web portal activities
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769270178
Also
9925:BE0769270178
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2021
Ground area
2,465 m²
Building footprint
304 m²
Volume, LiDAR
2,482 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Challenger One
since 2021unit no. 2.318.750.950
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083F0081/00D003 | Wallonia | 1,262 m² | 1 · 114 m² | 11.1 m · 3 fl. |
| 25055C0282/00R000 | Wallonia | 1,203 m² | 1 · 190 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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