Equity
€2.5m ▲ 73.1%
Equity rose in 2025: capital increase.
Checkroom
Lifetime
12 annual accounts with figures on one time axispeak €581,343 (2019)
-€760,167▲ €623,629
lowest -€4.1m (2022)
-€1.6m▲ €214,713
peak €2.5m (2025)
€2.5m▲ 73.1%
€1.7m▼ 63.2%
peak 36.3 FTE (2022)
11.9 FTE▼ 46.4%
Board10 names since 2017
4 directorsBARRAND Christopher and 3 others
Owners
Documentsfilings and deeds
24-08-202624 days late
2025financial year
Gross margin from -€1.4m to -€760,167Loss of €1.6mStaff from 22.2 FTE to 11.9 FTECapital increase of €2,583,534.27 30-10Registered office moved from Ghent to Gentbrugge 13-061 statutory auditor appointed 10-01
Key points
from the 2025 annual accountsLosses
-€12.0m in six years
Every financial year from 2020 to 2025 closed with a loss. 2022 was the heaviest.
Staff
11.9 FTE from 36.3 in 2022
Between 2022 and 2025, 67% of the full-time equivalents disappeared.
Liquidity
6.81 was 0.58 in 2024
Short-term debts fell from €2.5m to €405,304.
Filings
12 annual accounts since 2014
Eight of the last ten came late. The 2023 accounts came latest: 49 days after the end of the period.
Position in the sector
-€1.6m
Lower net result than 95% of companies in publishing. Sector median €24,823 · 196 companies.
Checked score
57
Fair
Financially stronger than 66% of small companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 2.5%● unchanged vs 12-2024
02-2025: 2.6%▲ +0.1 percentage points vs 01-2025
03-2025: 2.5%▼ -0.1 percentage points vs 02-2025
04-2025: 2.5%● unchanged vs 03-2025
05-2025: 2.5%● unchanged vs 04-2025
06-2025: 2.5%● unchanged vs 05-2025
07-2025: 3.6%▲ +1.1 percentage points vs 06-2025
08-2025: 3.8%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 1.4%▼ -2.4 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.5%▲ +0.1 percentage points vs 03-2026
05-2026: 1.6%▲ +0.1 percentage points vs 04-2026
06-2026: 1.7%▲ +0.1 percentage points vs 05-2026
07-2026: 1.8%▲ +0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +0.2 percentage points vs 07-2026
09-2026: 0.4%▼ -1.6 percentage points vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €1.6m, the second in a row (financial year 2025)
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 6.81, cash €2.0m
Size: 11.9 FTE, total assets €4.2m
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 46, small). It does better than 68% of them on solvency, 99% on liquidity, 1% on profitability and 95% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 376 companies had the same profile as Checkroom has now. Each dot is one company, two years later.
91.8%
were still trading
7.2%
stopped another way
0.8%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Checkroom itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,448 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 376 companies, not a prediction for Checkroom. 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.
Credit verdict
Credit of up to €140,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 6.81 (0.58 in 2024), above the usual 1.5. Short-term debt is 9.6% and cash 48.4% of total assets. 40.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
12 days late
2023
49 days late
2022
43 days late
2021
52 days early
2020
40 days early
2019
34 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0504999915
Capital increase of €2,583,534.27
82,169 new shares · Transfer of 13,695 shares · General meeting of 27-10-2025 · Gazette deed
Registered office moved from Ghent to Gentbrugge
New registered office: kantoor bij WattTheHealth, Kliniekstraat 27A, 9050 Gentbrugge · Previous registered office: Wiedauwkaai 23x, 9000 Gent · Board meeting of 05-06-2025 · Gazette deed
1 statutory auditor appointed
EY Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Paul Eelen and Line Vyvey · General meeting of 03-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Checkroom Ghent | €4.2m | -€760,167 | 59.3% | 11.9 |
| HEMOCO Hamme (Vl.) | €3.4m | -€37,806 | 95.2% | - |
| RouteYou Antwerp | €1.5m | -€296,174 | 42.9% | 8.7 |
| Hybrid Software Merelbeke-Melle | €2.2m | - | 44.6% | 12.1 |
| Wolters Kluwer TAA Europe Mechelen | €2.7m | - | 31.2% | 9.4 |
| ELANCE SOLUTIONS Lede | €5.9m | -€103,017 | 11.1% | - |
| UPRINCE Wevelgem | €1.3m | -€143,512 | 11.1% | - |
These companies have the same main activity as Checkroom: other software publishing (NACE 58290). They are comparable in size and age: total assets between €1.3m and €5.9m, founded between 2005 and 2021.
Official details
Source: KBO- Status
- Active since 18-02-2013Normal situation
- Registered office
- 35 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Other software publishingNACE 58290and 3 others
- Establishment unit
- 2.217.065.6529050 Ghent, since 06-03-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- €4.2m▼ 31.0%
- Employeeson 31-12-2025
- 15▼ 11.8%
- Filing
- Filed on 24-08-2026
Insights on Checkroom
Checkroom has existed since 2013. In 2018 the gross margin rose from €52,018 to €396,680 and staff from 1.7 to 3.8 full-time equivalents.
Solvency rose in 2025 from 23.6% to 59.3% because of lower debts.
In March 2022, three directors stepped down. In May 2024, the Official Gazette published the appointment of HITE Jim as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Checkroom
- What is the company number of Checkroom?
- The company number of Checkroom is 0504.999.915. The VAT number is the same number with BE in front: BE 0504.999.915.
- Where is Checkroom based?
- The registered office is at Kliniekstraat 27A, 9050 Ghent.Company details
- What does Checkroom do?
- According to the KBO register, the main activity is other software publishing (NACE 58290).
- What is the legal form of Checkroom?
- Checkroom is a public limited company (NV).
- When was Checkroom founded?
- Checkroom was founded on 18-02-2013.
- Is Checkroom still active?
- Yes, Checkroom is an active enterprise in the KBO register.
- How many employees does Checkroom have?
- Checkroom had an average of 11.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Checkroom?
- The annual accounts for financial year 2025 state no turnover.
- Is Checkroom profitable?
- In financial year 2025, Checkroom made a loss of €1.6m.
- Where can I find the annual accounts of Checkroom?
- Checkroom filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Checkroom due?
- Checkroom must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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