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ContextDev

Active
Private limited companyfounded 20223 yrs activeZandhoogte 5, 9990 Maldegem, BelgiumKBO/BCE: BE 0794.732.183

ContextDev has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €9k. Equity is shrinking by ~37.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 17% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
65 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-18
Solvency39▼-61
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 29.85 in 2024; short-term debt: 85.8% and cash: 38.7% of total assets), and 85.8% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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
Sector 62
lower
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
14.2%
Return on assets
10.5%
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 17022 sector peers (2025).
NBB · sector comparison
Position among 17022 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 07-07-2026, 24 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
24 d early
2024
14 d early
2023
5 d early
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€12k▼ 83.9%
2024 · €72k
2023: €46k 2024: €72k
2023 → 2025
Total assets
€81k▲ 10.3%
2024 · €74k
2023: €50k 2024: €74k
2023 → 2025
Net result
€9k▼ 66.1%
2024 · €25k
2023: €43k 2024: €25k
2023 → 2025
Working capital
€8k▼ 87.5%
2024 · €66k
2023: €40k 2024: €66k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line202320242025Trend
Equity€46k-€72k▲ 54.1%€12k▼ 83.9%
Operating result€57k-€34k▼ 39.5%€13k▼ 61.3%
Net result€43k-€25k▼ 42.2%€9k▼ 66.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20k€40k€60kOperating result 2023: €57k€57kNet result 2023: €43k€43kOperating result 2024: €34k€34kNet result 2024: €25k€25kOperating result 2025: €13k€13kNet result 2025: €9k€9k202320242025
The operating result has fallen two years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81k
Fixed assets €3k▼ 41.6%
Current assets €78k▲ 14.6%
Equity and liabilities €81k
Equity €12k▼ 83.9%
Debt €70k▲ 2,959%
The debt ratio rises from 3.1% to 85.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€16k
2024 · €37k
Cash flow
€11k
2024 · €28k
Solvency
14.2%
2024 · 96.9%
Current ratio
1.12
2024 · 29.85
Quick ratio
1.12
2024 · 29.85
Debt / equity
6.07
2024 · 0.03
ROE
74.0%
2024 · 35.1%
ROA
10.5%
2024 · 34.0%
Interest coverage
13.85
2024 · 23.21
Debt
€70k
2024 · €2k
Debt ≤ 1 year
€70k
2024 · €2k
Income taxes
€4k
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€74k€81k
Fixed assets21/28€6k€3k
Tangible fixed assets22/27€6k€3k
Furniture and vehicles24€6k€3k
Financial fixed assets28€30€507
Current assets29/58€68k€78k
Amounts receivable within one year40/41€24k€47k
Trade receivables40€11k€38k
Other amounts receivable41€13k€9k
Cash at bank and in hand54/58€42k€31k
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€74k€81k
Equity10/15€72k€12k
Contributions10/11€3k€3k=
Reserves13€69k€9k
Distributable reserves133€69k€9k
Amounts payable17/49€2k€70k
Amounts payable within one year42/48€2k€70k
Trade debts44€2k€1k
Suppliers440/4€2k€1k
Other amounts payable47/48-€69k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k
Other operating charges640/8€293€521
Gross operating margin9900€37k€17k
Operating profit (loss)9901€34k€13k
Financial income75/76B-€14
Recurring financial income75-€14
Financial charges65/66B€2k€1k
Recurring financial charges65€2k€1k
Profit (loss) for the period before taxes9903€33k€12k
Income taxes67/77€8k€4k
Profit (loss) for the period9904€25k€9k
Profit (loss) for the period to be appropriated9905€25k€9k
Appropriation of the result
Profit (loss) to be appropriated9906€25k€9k
Transfer from equity791/2-€60k
Transfer to equity691/2€25k-
To other reserves6921€25k-
Profit to be distributed694/7-€69k
Return on contributions (dividend)694-€69k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet €9k ▼66.1%
Net result drops to €9k, the lowest in the series.
17-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Liquidity doublescurrent ratio 29.85
Current ratio from 12.90 to 29.85; short-term debt falls from €3k to €2k.
26-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
1 act for this company is 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, Maldegem · 1 establishment unit since 2022
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Zandhoogte 59990 Maldegem
Ground area
321 m²
Building footprint
91 m²
Volume, LiDAR
469 m³
Parcel 43503F0690/00W000, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ContextDev
Zandhoogte 5, 9990 MaldegemRetail trade
since 20222.338.945.657
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43503F0690/00W000 Flanders 321 m² 1 · 91 m² 5.9 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 16,886 companies in sector 62100 we hold annual accounts for 8,777. 4,729 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded13-12-2022
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
47120Other non-specialised retail sale
47910Retail trade
62020IT consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
74112Other professional, scientific and technical activities
74103Other professional, scientific and technical activities
74105Other professional, scientific and technical activities
74109Other professional, scientific and technical activities
74120Graphic design and visual communication
74140Other specialised design activities
74201Photography, excluding press photography
74209Other photographic activities
78100Employment placement agencies
82100Office administrative and support services
82190Office administrative, office support and other business support activities
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.