CHAPTER SEVEN
ActiveSummary
CHAPTER SEVEN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,293 and a net result of €4,448. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 86% of 17220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+72
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 4.92 against 4.47 in 2024; short-term debt: 11.1% and cash: 38.5% of total assets), and 11.1% of the assets are financed with debt.
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Signals
Five 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
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
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
88.9%
Return on assets
25.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €15,293
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
20 d early
2023
2 d early
2022
20 d early
2021
19 d late
2020
2 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day 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 (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 27 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,293▲ 41.0%
2024 · €10,845
Total assets
€17,210▲ 28.3%
2024 · €13,411
Net result
€4,448
2024 · -€239
Working capital
€7,511▼ 15.6%
2024 · €8,901
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
Line20212022202320242025
Operating result-€2,194▲ 77.8%€7,288€8,095▲ 11.1%€140▼ 98.3%€6,513▲ 4,544%
Net result-€1,726below the sector's middle half▲ 82.7%€7,124within the sector's middle half€6,451within the sector's middle half▼ 9.4%-€239below the sector's middle half€4,448below the sector's middle half
Equity-€2,490below the sector's middle half▼ 226%€4,633below the sector's middle half€11,085below the sector's middle half▲ 139%€10,845below the sector's middle half▼ 2.2%€15,293below the sector's middle half▲ 41.0%
Total assets€14,773below the sector's middle half▲ 58.5%€12,980below the sector's middle half▼ 12.1%€19,999below the sector's middle half▲ 54.1%€13,411below the sector's middle half▼ 32.9%€17,210below the sector's middle half▲ 28.3%
Debt€17,263▲ 71.2%€8,346▼ 51.7%€8,914▲ 6.8%€2,565▼ 71.2%€1,916▼ 25.3%
Working capital-€6,679below the sector's middle half▼ 10.6%€1,531below the sector's middle half€9,068below the sector's middle half▲ 492%€8,901below the sector's middle half▼ 1.8%€7,511within the sector's middle half▼ 15.6%
Solvency-16.9%below the sector's middle half▼ 8.7pp35.7%within the sector's middle half▲ 52.6pp55.4%within the sector's middle half▲ 19.7pp80.9%within the sector's middle half▲ 25.4pp88.9%above the sector's middle half▲ 8.0pp
Current ratio0.61below the sector's middle half▲ 0.211.18below the sector's middle half▲ 0.572.02within the sector's middle half▲ 0.834.47within the sector's middle half▲ 2.454.92within the sector's middle half▲ 0.45
Return on assets (ROA)-11.7%below the sector's middle half▲ 95.2pp54.9%above the sector's middle half▲ 66.6pp32.3%within the sector's middle half▼ 22.6pp-1.8%below the sector's middle half▼ 34.0pp25.8%within the sector's middle half▲ 27.6pp
Staff (FTE)1▲ 100%1=1=0.8▼ 20.0%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4,544% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,210
Fixed assets
€7,782 ▲ 300%
Current assets
€9,427 ▼ 17.8%
Equity and liabilities €17,210
Equity
€15,293 ▲ 41.0%
Debt
€1,916 ▼ 25.3%
Debt's share of the balance-sheet total falls from 19.1% to 11.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,656▲
2024 · €213
Cash flow
€4,591▲
2024 · -€167
Debt to equity
0.13▼
2024 · 0.24
ROE
29.1%▲
2024 · -2.2%
Interest coverage
34.99▲
2024 · 1.32
Debt ≤ 1 year
€1,916▼
2024 · €2,565
Income taxes
€1,875▲
2024 · €219
Staff costs
€0▼
2024 · €20,990
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
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 497,338 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% | 1.9% |
| 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24,470 | €26,004 | €29,807 | €20,990 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,087 | €1,087 | €1,086 | €73 | €143 | ▲ 96.7% |
| Other operating charges640/8 | €583 | €710 | €650 | €663 | €683 | ▲ 3.0% |
| Gross operating margin9900 | €23,946 | €35,089 | €39,638 | €21,865 | €7,339 | ▼ 66.4% |
| Operating profit (loss)9901 | -€2,194 | €7,288 | €8,095 | €140 | €6,513 | ▲ 4,544% |
| Financial income75/76B | €643 | - | €0 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €643 | - | €0 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €176 | €165 | €161 | €161 | €190 | ▲ 18.0% |
| Recurring financial charges65 | €176 | €165 | €161 | €161 | €190 | ▲ 18.0% |
| Profit (loss) for the period before taxes9903 | -€1,726 | €7,124 | €7,934 | -€20 | €6,323 | ▲ 31,857% |
| Income taxes67/77 | - | - | €1,483 | €219 | €1,875 | ▲ 755% |
| Profit (loss) for the period9904 | -€1,726 | €7,124 | €6,451 | -€239 | €4,448 | ▲ 1,959% |
| Profit (loss) for the period to be appropriated9905 | -€1,726 | €7,124 | €6,451 | -€239 | €4,448 | ▲ 1,959% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,773 | €12,980 | €19,999 | €13,411 | €17,210 | ▲ 28.3% |
| Fixed assets21/28 | €4,189 | €3,102 | €2,017 | €1,944 | €7,782 | ▲ 300% |
| Tangible fixed assets22/27 | €4,189 | €3,102 | €2,017 | €1,944 | €7,782 | ▲ 300% |
| Land and buildings22 | €2,162 | €2,089 | €2,017 | €1,944 | €1,871 | ▼ 3.7% |
| Plant, machinery and equipment23 | €2,027 | €1,013 | €0 | - | €5,911 | - |
| Current assets29/58 | €10,583 | €9,878 | €17,982 | €11,467 | €9,427 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €461 | €1,573 | €1,840 | €1,034 | €2,796 | ▲ 170% |
| Trade receivables40 | €461 | €1,573 | €0 | - | - | - |
| Other amounts receivable41 | - | - | €1,840 | €1,034 | €2,796 | ▲ 170% |
| Cash at bank and in hand54/58 | €10,122 | €8,305 | €16,142 | €10,433 | €6,631 | ▼ 36.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,773 | €12,980 | €19,999 | €13,411 | €17,210 | ▲ 28.3% |
| Equity10/15 | -€2,490 | €4,633 | €11,085 | €10,845 | €15,293 | ▲ 41.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Profit (loss) carried forward14 | -€8,690 | -€1,567 | €4,885 | €4,645 | €9,093 | ▲ 95.7% |
| Amounts payable17/49 | €17,263 | €8,346 | €8,914 | €2,565 | €1,916 | ▼ 25.3% |
| Amounts payable within one year42/48 | €17,263 | €8,346 | €8,914 | €2,565 | €1,916 | ▼ 25.3% |
| Trade debts44 | €2,042 | €2,112 | €2,148 | €0 | - | - |
| Suppliers440/4 | €2,042 | €2,112 | €2,148 | €0 | - | - |
| Taxes, remuneration and social security45 | €4,840 | €4,835 | €5,620 | €219 | €1,870 | ▲ 753% |
| Taxes450/3 | €1,257 | €1,137 | €1,483 | €219 | €1,870 | ▲ 753% |
| Remuneration and social security454/9 | €3,583 | €3,697 | €4,138 | €0 | - | - |
| Other amounts payable47/48 | €10,380 | €1,400 | €1,146 | €2,346 | €46 | ▼ 98.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,726 | €7,124 | €6,451 | -€239 | €4,448 | ▲ 1,959% |
| + Depreciation and write-downs630 | €1,087 | €1,087 | €1,086 | €73 | €143 | ▲ 96.7% |
| Operating cash flow (approximation) | -€640 | €8,210 | €7,537 | -€167 | €4,591 | ▲ 2,854% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€5,981 | - |
| Change in cash | - | -€1,818 | €7,838 | -€5,709 | -€3,801 | ▲ 33.4% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4,448
Net result €4,448 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 4.47
Current ratio from 2.02 to 4.47; short-term debt falls from €8,914 to €2,565.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7,124
Net result €7,124 after 3 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Weakest financial yearnet -€9,960
Net result drops to -€9,960, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ninove · 1 establishment unit since 2011
Ground area
1,557 m²
Building footprint
222 m²
Volume, LiDAR
1,086 m³
Parcel 41038D0433/00X000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PROMOTICA
since 20112.197.937.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038D0433/00X000 | Flanders | 1,557 m² | 1 · 222 m² | 8.7 m · 2 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.
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Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 5,300 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 (pre-2019)
Founded08-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835354595
Also
9925:BE0835354595
Registered
19-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.