Equity
CONTEXT+ has made a profit without a break since 2022.
The dashed line is the sector median: 0.1% across 25,930 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 67% of them on solvency, 59% on liquidity, 38% on profitability and 58% on growth.
The bankruptcy probability was computed on 07-11-2026 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 30-06-2025.
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).
In July 2024, 34,693 companies had the same profile as CONTEXT+ has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of CONTEXT+ itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 34,693 companies, not a prediction for CONTEXT+. 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.
Liquidity is ample, with a current ratio of 3.74 (11.69 in 2024), above the usual 1.5. Short-term debt is 26.8% and cash 28.8% of total assets. 26.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 21 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.
| Company | ||||
|---|---|---|---|---|
| CONTEXT+ Ostend | €50,512 | €7,107 | 73.2% | - |
| AERIAL CONSULT Evere | €47,790 | €7,949 | 67.1% | - |
| VENDORFY Blankenberge | €64,311 | €7,229 | 85.1% | - |
| ASNH Stavelot | €44,702 | €5,582 | 89.1% | - |
| 2Elemental Tessenderlo-Ham | €41,606 | €6,707 | 38.3% | - |
| landmeetkundig studiebureau Schoonvliet Antwerp | €38,704 | €7,840 | -17.2% | - |
| Alfapay Hasselt | €49,742 | €8,106 | 68.5% | 0 |
These companies have the same main activity as CONTEXT+: computer programming (NACE 62100). They are comparable in size and age: total assets between €38,700 and €64,300, founded between 2009 and 2012.
CONTEXT+ files the micro format. That format states no turnover. The gross margin rose from -€60 in 2009 to €7,107 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €39,000. Estimated: probably between €20,000 and €74,000.
Higher than 65% of 21,205 companies in 2025.
Higher than 66% of 20,568 companies in 2025.
Higher than 30% of 20,743 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
50,512 | 36,265 | 35,299 | 36,911 | 37,948 | 37,077 | 50,470 | 36,033 | 181,308 | 38,212 | 18,736 | 35,842 | 26,349 | 38,734 | 46,318 | 9,678 | 9,073 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 151 | 352 | 553 | 754 | |
21/28 |
- | - | 2,008 | 4,418 | 6,828 | 9,238 | 15,481 | 7,665 | 11,634 | 15,815 | 912 | 6,222 | 11,106 | 18,277 | 26,017 | 6,020 | 8,236 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,467 | 3,424 | 5,380 | 7,337 | |
22/27 |
- | - | 2,008 | 4,418 | 6,828 | 9,238 | 15,481 | 7,665 | 11,634 | 15,815 | 912 | 6,222 | 11,106 | 16,659 | 22,241 | 87 | 145 | |
23 |
- | - | - | - | - | - | 173 | 346 | 656 | 1,177 | 912 | 669 | - | - | - | - | - | |
24 |
- | - | 2,008 | 4,418 | 6,828 | 9,238 | 15,307 | 7,319 | 10,978 | 14,637 | - | 5,553 | 11,106 | 16,659 | 22,241 | 87 | 145 | |
29/58 |
50,512 | 36,265 | 33,291 | 32,493 | 31,120 | 27,839 | 34,990 | 28,368 | 169,674 | 22,397 | 17,824 | 29,620 | 15,243 | 20,457 | 20,301 | 3,658 | 838 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | 13,927 | - | - | - | - | |
290 |
- | - | - | - | - | - | - | - | - | - | - | - | 13,927 | - | - | - | - | |
3 |
- | - | - | - | - | - | - | - | 143,341 | 1,125 | 700 | - | - | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | - | 143,341 | 1,125 | 700 | - | - | - | - | - | - | |
40/41 |
34,091 | 32,337 | 26,346 | 27,505 | 28,848 | 20,216 | 28,021 | 26,644 | 26,292 | 21,132 | 17,083 | 27,750 | 1,316 | 19,179 | 20,026 | 3,630 | 13 | |
40 |
28,726 | 26,460 | 26,029 | 24,819 | 26,449 | 20,207 | 24,372 | 26,440 | 26,256 | 21,082 | 17,036 | 26,803 | - | 18,165 | 19,359 | 3,630 | - | |
41 |
5,365 | 5,878 | 317 | 2,687 | 2,400 | 9 | 3,650 | 205 | 35 | 51 | 47 | 948 | 1,316 | 1,014 | 667 | - | 13 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,278 | 275 | - | - | |
54/58 |
14,530 | 1,360 | 4,562 | 2,352 | 31 | 1,431 | 44 | 1,723 | 41 | 140 | 41 | 46 | - | - | - | 28 | 825 | |
490/1 |
1,891 | 2,568 | 2,382 | 2,635 | 2,241 | 6,191 | 6,924 | - | - | - | - | 1,824 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
50,512 | 36,265 | 35,299 | 36,911 | 37,948 | 37,077 | 50,470 | 36,033 | 181,308 | 38,212 | 18,736 | 35,842 | 26,349 | 38,734 | 46,318 | 9,678 | 9,073 | |
10/15 |
36,992 | 33,163 | 25,483 | 21,027 | 16,694 | 21,687 | 19,858 | 20,231 | -5,962 | -14,370 | -28,620 | -10,583 | 372 | -2,035 | 2,864 | 5,904 | 6,222 | |
10/11 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
13 |
- | - | - | 3,043 | 6,274 | 10,000 | 10,000 | 10,000 | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | 3,043 | 6,274 | 10,000 | 10,000 | 10,000 | - | - | - | - | - | - | - | - | - | |
14 |
21,992 | 18,163 | 10,483 | 2,984 | -4,580 | -3,313 | -5,142 | -4,769 | -20,962 | -29,370 | -38,620 | -20,583 | -9,628 | -12,035 | -7,136 | -4,096 | -3,778 | |
17/49 |
13,520 | 3,103 | 9,816 | 15,883 | 21,254 | 15,390 | 30,613 | 15,802 | 187,270 | 52,582 | 47,356 | 46,425 | 25,978 | 40,769 | 43,454 | 3,774 | 2,852 | |
17 |
- | - | - | - | 2,835 | 5,877 | 8,867 | 379 | 4,924 | 9,470 | - | - | 4,182 | 10,827 | 17,472 | - | - | |
170/4 |
- | - | - | - | 2,835 | 5,877 | 8,867 | 379 | 4,924 | 9,470 | - | - | 4,182 | 10,827 | 17,472 | - | - | |
42/48 |
13,520 | 3,103 | 9,816 | 15,426 | 17,963 | 8,948 | 21,745 | 15,424 | 182,346 | 43,112 | 47,356 | 46,425 | 21,796 | 29,942 | 25,982 | 3,774 | 2,852 | |
42 |
- | - | - | 2,835 | 3,042 | 2,990 | 3,318 | 4,545 | 4,545 | 4,545 | - | 4,182 | 6,645 | 6,645 | 6,645 | - | - | |
43 |
- | - | - | - | - | - | - | - | 84 | - | 504 | - | 159 | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 84 | - | 504 | - | 159 | - | - | - | - | |
44 |
13,441 | 3,024 | 9,301 | 6,715 | 9,477 | 5,115 | 8,719 | 5,330 | 6,595 | 4,146 | 10,554 | 13,093 | 7,657 | 6,989 | 8,121 | 2,045 | 2,815 | |
440/4 |
13,441 | 3,024 | 9,301 | 6,715 | 9,477 | 5,115 | 8,719 | 5,330 | 6,595 | 4,146 | 10,554 | 13,093 | 7,657 | 6,989 | 8,121 | 2,045 | 2,815 | |
45 |
- | - | 260 | 126 | 1,267 | 675 | 1,151 | - | 7,039 | 5,484 | 4,825 | 3,529 | 145 | - | 120 | 529 | 37 | |
450/3 |
- | - | 260 | 126 | 1,267 | 675 | 2 | - | 6,813 | 1,191 | 282 | 1,421 | 145 | - | 120 | 529 | 37 | |
454/9 |
- | - | - | - | - | - | 1,149 | - | 225 | 4,293 | 4,543 | 2,108 | - | - | - | - | - | |
47/48 |
79 | 79 | 256 | 5,750 | 4,177 | 167 | 8,557 | 5,548 | 164,082 | 28,936 | 31,473 | 25,621 | 7,190 | 16,309 | 11,098 | 1,200 | - | |
492/3 |
- | - | - | 458 | 457 | 566 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | 1,656 | - | - | - | - | - | - | - | |
9900 |
7,107 | 13,826 | 10,668 | 8,908 | -140 | 16,700 | 60,383 | 87,672 | 64,725 | 65,470 | 38,449 | 9,401 | 11,021 | 3,688 | 7,049 | 2,519 | -60 | |
62 |
- | - | - | - | - | 7,535 | 52,211 | 56,306 | 50,775 | 52,355 | 48,877 | 12,879 | - | 775 | - | - | - | |
630 |
0 | 2,008 | 2,410 | 2,410 | 2,410 | 6,242 | 4,234 | 3,969 | 4,181 | 4,260 | 6,161 | 5,999 | 7,171 | 7,740 | 7,769 | 2,215 | 2,842 | |
640/8 |
1,754 | 966 | 579 | 884 | 916 | 805 | 4,010 | 885 | 981 | 818 | 874 | 1,451 | 1,026 | 775 | 1,511 | 603 | 857 | |
9901 |
5,352 | 10,852 | 7,680 | 5,613 | -3,467 | 2,117 | -73 | 26,512 | 8,788 | 8,037 | -17,463 | -10,928 | 2,824 | -5,602 | -2,231 | -300 | -3,759 | |
75/76B |
0 | 0 | 1 | 8 | - | 0 | 9 | 7 | 40 | 7 | 1,038 | 265 | 73 | 1,400 | 15 | - | 1 | |
75 |
0 | 0 | 1 | 8 | - | 0 | 9 | 7 | 40 | 7 | 1,038 | 265 | 73 | 1,400 | 15 | - | 1 | |
65/66B |
131 | 571 | 130 | 190 | 260 | 288 | 309 | 326 | 420 | 450 | 1,613 | 291 | 490 | 698 | 824 | 17 | 21 | |
65 |
131 | 571 | 130 | 190 | 260 | 288 | 309 | 326 | 420 | 450 | 1,613 | 291 | 490 | 698 | 824 | 17 | 21 | |
9903 |
5,222 | 10,280 | 7,551 | 5,432 | -3,726 | 1,829 | -373 | 26,193 | 8,408 | 9,250 | -18,037 | -10,954 | 2,407 | -4,899 | -3,040 | -317 | -3,778 | |
67/77 |
1,393 | 2,600 | 3,096 | 1,098 | 1,267 | - | - | - | - | - | - | - | - | - | - | - | 0 | |
9904 |
3,829 | 7,680 | 4,455 | 4,334 | -4,993 | 1,829 | -373 | 26,193 | 8,408 | 9,250 | -18,037 | -10,954 | 2,407 | -4,899 | -3,040 | -317 | -3,778 | |
789 |
- | - | 3,043 | 3,231 | 3,726 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 10,000 | - | - | - | - | - | - | - | - | - | |
9905 |
3,829 | 7,680 | 7,498 | 7,564 | -1,267 | 1,829 | -373 | 16,193 | 8,408 | 9,250 | -18,037 | -10,954 | 2,407 | -4,899 | -3,040 | -317 | -3,778 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
21,992 | 18,163 | 10,483 | 2,984 | -4,580 | -3,313 | -5,142 | -4,769 | -20,962 | -29,370 | -38,620 | -20,583 | -9,628 | -12,035 | -7,136 | -4,096 | -3,778 | |
14P |
18,163 | 10,483 | 2,984 | -4,580 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | - | 1 | 1 | 1 | 1 | 0.5 | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | - | - | 1,718 | 1,759 | 1,687 | 1,710 | 433 | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 15-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 15-12-2025 | 2025-00581424 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00015770 | |
| 30-06-2023 | micro format | 08-01-2024 | 2024-00544670 | |
| 30-06-2022 | micro format | 06-02-2023 | 2023-00023168 | |
| 30-06-2021 | micro format | 22-12-2021 | 2021-81100072 | |
| 30-06-2020 | micro format | 21-12-2020 | 2020-76200266 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03100433 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03200056 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-03100142 | |
| 30-06-2016 | abbreviated format | 25-01-2017 | 2017-01900035 | |
| 30-06-2015 | abbreviated format | 29-01-2016 | 2016-03100084 | |
| 30-06-2014 | abbreviated format | 30-01-2015 | 2015-02800205 | |
| 30-06-2013 | abbreviated format | 31-01-2014 | 2014-01900297 | |
| 30-06-2012 | abbreviated format | 01-03-2013 | 2013-05200098 | |
| 30-06-2011 | abbreviated format | 28-02-2012 | 2012-04600118 | |
| 30-06-2010 | abbreviated format | 22-12-2010 | 2010-64000160 | |
| 30-06-2009 | abbreviated format | 25-02-2010 | 2010-05200179 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,352 | 12,860 | 10,090 | 8,023 | -1,057 | 8,359 | 4,161 | 30,481 | 12,969 | 12,297 | -11,302 | -4,929 | 9,995 | 2,138 | 5,537 | 1,916 | -917 | ||
| 3,829 | 9,688 | 6,865 | 6,744 | -2,583 | 8,072 | 3,861 | 30,161 | 12,589 | 13,510 | -11,876 | -4,955 | 9,578 | 2,840 | 4,728 | 1,898 | -937 | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 12,050 | 0 | 0 | 19,163 | 851 | 1,115 | 0 | 0 | 27,766 | 0 | 10,072 | ||
| 13,170 | -3,201 | 2,210 | 2,321 | -1,401 | 1,387 | -1,679 | 1,682 | -98 | 98 | -5 | - | - | - | - | -797 | - | ||
| 36,992 | 33,163 | 23,474 | 17,067 | 13,157 | 18,891 | 13,244 | 12,944 | -12,672 | -20,715 | -29,532 | -16,805 | -6,552 | -9,486 | -5,681 | -116 | -2,014 | ||
| 73.2% | 91.4% | 72.2% | 57.0% | 44.0% | 58.5% | 39.3% | 56.1% | -3.3% | -37.6% | -152.8% | -29.5% | 1.4% | -5.3% | 6.2% | 61.0% | 68.6% | ||
| 3.74 | 11.69 | 3.39 | 2.11 | 1.73 | 3.11 | 1.61 | 1.84 | 0.93 | 0.52 | 0.38 | 0.64 | 0.70 | 0.68 | 0.78 | 0.97 | 0.29 | ||
| 3.74 | 11.69 | 3.39 | 2.11 | 1.73 | 3.11 | 1.61 | 1.84 | 0.14 | 0.49 | 0.36 | 0.64 | 0.70 | 0.68 | 0.78 | 0.97 | 0.29 | ||
| 0.37 | 0.09 | 0.39 | 0.76 | 1.27 | 0.71 | 1.54 | 0.78 | - | - | - | - | - | - | 15.17 | 0.64 | 0.46 | ||
| 10.4% | 23.2% | 17.5% | 20.6% | -29.9% | 8.4% | -1.9% | 129.5% | - | - | - | - | - | - | -106.2% | -5.4% | -60.7% | ||
| 7.6% | 21.2% | 12.6% | 11.7% | -13.2% | 4.9% | -0.7% | 72.7% | 4.6% | 24.2% | -96.3% | -30.6% | 9.1% | -12.6% | -6.6% | -3.3% | -41.6% | ||
| 40.98 | 22.51 | 77.70 | 42.27 | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 51% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total rises from 8.6% to 26.8%. Equity and debt are higher.
CONTEXT+ has no parent and no holdings in its annual accounts. Annick Caestecker is the only director.
| EUREKA TRADERS EUROPE
registered office since 07-11-1995 · negative equity (2025) |
founded in 1995 0456.219.110 |
| Vereniging van Mede-eigenaars Residentie Monaco te Oostende, H. Serruyslaan 72
registered office since 01-08-1995 |
founded in 1995 0807.858.362 |
| Visafslag der Kust
registered office since 01-01-1947 |
founded in 1947 0405.303.810 |
| Atletisch Sportstadion Oostende
registered office since 29-08-1932 |
founded in 1932 0405.240.066 |
The network starts from the directors of CONTEXT+. Every other company they run is a node.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Hendrik Serruyslaan 72 registered office 8400 Ostend 62200 Computer consultancy and computer facilities management | 09-06-2008 | 2.171.053.109 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35013A1253/00S000 | 288 m² | 1 · 288 m² | 31.1 m · 10 |
If something looks wrong or is missing, please tell us.