Financials
- Fiscal year
- 2025
- Turnover
- €4.6m
- Profit
- €174,908
- Solvency
- 79.4%
Turnover▲ 74.5%
Net result
20182025
Cloud Software Group Belgium
ActiveSummary
Cloud Software Group Belgium has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of €174,908. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 517 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Computing infrastructure, data processing, hosting and related activities
NACE 63100NACE 63110NACE 72400
1 site
Size
€4.6mturnover 2025
- Staff
- 5.2 FTE
- Equity
- €3.3m
- Profit
- €174,908
Turnover +74%: merger
Structure
- Parent
- Cloud Software Group Switzerland GmbH (formely Citrix Systems International GmbH) · 100%
- Board
- 4 members
Auditor: RSM Interaudit BVAccounts 22 d early
Why 95- 2 of the last 3 late+ Liquidity: current ratio 4.86, cash €1.2m+ Size: turnover €4.6m, 5.2 FTE, total assets €4.2m+ Equity €3.3m (79.4% of total assets)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 63% of its sector peers (NACE 63, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100+12
equity 79.4% of total assets
Liquidity
78+43
short-term debt 20.6% · cash 28.0%
Profitability
64+21
return on assets 4.2%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 5 months
06-2026: 0.6%highest value
07-2026: < 0.1%▼ -92.9% vs 06-2026lowest value
08-2026: < 0.1%● 0.0% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 4.86, cash €1.2m lowers the probability
- 2 of the last 3 late raises the probability
- Size: turnover €4.6m, 5.2 FTE, total assets €4.2m lowers the probability for this profile
- Equity €3.3m (79.4% of total assets) lowers the probability
Credit up to €310,000 at 30 days acceptable
Liquidity ample (current ratio 4.86 against 2.7 in 2024; short-term debt: 20.6% and cash: 28% of total assets), and 20.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 63, micro). Better than this share of them on solvency 85%, liquidity 66%, profitability 31%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 08-06-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
59 d late
2023
233 d late
2022
on the day
2021
61 d early
2020
39 d early
2019
43 d early
← 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 18 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 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 28 August (3 of the last 3 filed years within 175 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today30-11-2026 close30-06-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Reappointment: RSM InterAudit BV (statutory auditor)Permanent representative: Michaël Focant ·…
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Turnover rose in 2025merger with TIBCO SOFTWARE ▲ 74.5% View
- Positive: Among the best 8% on equitysector median €180,040 · 517 companies €3.3m View
- Positive: 8 profitable years in a rowprofit 2025: €174,908 8 years View
- Controlled by Cloud Software Group Switzerland…known shareholders 100% 100% View
- Board changedlatest change 30-11-2025 · 4 in office 1 joined · 1 left View
By topic
Board & ownership
- Board
- 4 members
- Parent
- Cloud Software Group Switzerland… · 100%
- Known shareholders
- 100%
- Auditor
- RSM Interaudit BV
Go to Board & ownership
Network & group
- Mergers and contributions
- 1
Timeline
- Events
- 34
- Since
- 2006
- Next accounts
- by 30-06-2027
- 08-06-2026Annual accounts filed
- 06-02-2026Reappointment: RSM InterAudit BV (statutory auditor)
- 28-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Computing infrastructure, data processing, hosting and related activitiesNACE 63100
- Founded
- 18-04-2000
- Year ends
- 30-11
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, door of met…
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