Equity
ContinIT paid out €397,623 in dividends. That is 100% of the 2025 profit.
ContinIT paid out €397,623 in dividends. That is 100% of the 2025 profit.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €337,115 to €522,239.
The 2020 accounts came 44 days late. The other nine were filed on time.
Higher net result than 95% of companies in computer programming and consultancy. Sector median €28,615 · 21,172 companies.
The dashed line is the sector median: 0.1% across 25,917 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 35% of them on solvency, 19% on liquidity, 59% on profitability and 39% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
In July 2024, 17,811 companies had the same profile as ContinIT has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of ContinIT itself: < 0.1% within 12 months.
The method was tested on the 497,446 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 17,811 companies, not a prediction for ContinIT. 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 tight, with a current ratio of 1.46 (2.25 in 2024), below the usual 1.5. Short-term debt is 27.3% and cash 3.3% of total assets. 60.3% 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 58 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 | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| ContinIT Ghent | €1.9m | €223,771 | 39.7% | - |
| ARKAB Uccle | €1.9m | €215,498 | 2.1% | - |
| XGTech Kontich | €2.0m | €247,717 | 72.5% | 4.4 |
| Binders Media Ghent | €1.7m | €262,366 | -96.4% | 6.1 |
| Enjoy the journey Deinze | €1.7m | €276,763 | 23.4% | - |
| TIM Consulting Zele | €2.5m | €228,273 | 99.0% | - |
| HAWC Merelbeke-Melle | €1.7m | €262,525 | 18.7% | 4.4 |
These companies have the same main activity as ContinIT: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €1.7m and €2.5m, founded between 2015 and 2018.
ContinIT files the micro format. That format states no turnover. The gross margin rose from €134,252 in 2016 to €223,771 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 ≈ €340,000. Estimated: probably between €310,000 and €430,000.
Higher than 34% of 21,166 companies in 2025.
Higher than 32% of 20,529 companies in 2025.
Higher than 54% of 20,705 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
Total assets20/58 |
1.9m | 1.8m | 1.5m | 1.1m | 938,522 | 680,846 | 510,161 | 483,689 | 451,068 | 281,392 | |
Fixed assets21/28 |
1.2m | 1.0m | 1.0m | 717,996 | 645,601 | 504,900 | 294,429 | 311,155 | 264,830 | 156,495 | |
Tangible fixed assets22/27 |
1.2m | 1.0m | 1.0m | 717,329 | 644,934 | 504,233 | 293,429 | 311,155 | 264,830 | 156,495 | |
Land and buildings22 |
1.1m | 1.0m | 700,633 | 710,350 | 637,598 | 500,077 | 290,412 | 296,695 | 245,527 | 128,283 | |
Plant, machinery and equipment23 |
2,348 | 5,628 | 5,690 | 3,834 | 899 | 1,000 | - | - | - | - | |
Furniture and vehicles24 |
11,527 | 15,222 | 1,375 | 3,145 | 6,438 | 3,155 | 3,018 | 14,460 | 19,303 | 28,212 | |
Assets under construction and advance payments27 |
61,242 | 0 | 314,633 | - | - | - | - | - | - | - | |
Financial fixed assets28 |
667 | 667 | 667 | 667 | 667 | 667 | 1,000 | - | - | - | |
Current assets29/58 |
764,872 | 759,767 | 434,600 | 397,139 | 292,921 | 175,946 | 215,732 | 172,535 | 186,238 | 124,897 | |
Amounts receivable after more than one year29 |
242,632 | 361,908 | 361,908 | 46,908 | 46,908 | 46,908 | - | - | - | - | |
Trade receivables290 |
- | - | - | - | 0 | 46,908 | - | - | - | - | |
Other amounts receivable291 |
242,632 | 361,908 | 361,908 | 46,908 | 46,908 | - | - | - | - | - | |
Amounts receivable within one year40/41 |
86,018 | 215,419 | 35,627 | 97,634 | 53,129 | 39,259 | 89,588 | 20,611 | 41,190 | 40,618 | |
Trade receivables40 |
15,268 | 5,699 | 10,497 | 633 | 38,277 | 37,911 | 73,720 | 20,611 | 34,938 | 39,989 | |
Other amounts receivable41 |
70,750 | 209,720 | 25,129 | 97,001 | 14,851 | 1,348 | 15,868 | - | 6,251 | 629 | |
Current investments50/53 |
372,450 | 151,794 | 15,028 | 129,233 | 55,499 | 70,787 | 63,579 | 49,257 | 49,446 | - | |
Cash at bank and in hand54/58 |
63,207 | 28,929 | 13,845 | 116,250 | 128,617 | 16,107 | 62,172 | 81,358 | 74,092 | 65,997 | |
Deferred charges and accrued income490/1 |
565 | 1,718 | 8,193 | 7,114 | 8,769 | 2,886 | 393 | 21,309 | 21,510 | 18,281 | |
| Balance sheet: equity and liabilities | |||||||||||
Total equity and liabilities10/49 |
1.9m | 1.8m | 1.5m | 1.1m | 938,522 | 680,846 | 510,161 | 483,689 | 451,068 | 281,392 | |
Equity10/15 |
761,258 | 763,195 | 466,270 | 377,108 | 296,511 | 262,797 | 228,708 | 169,764 | 103,154 | 67,966 | |
Contributions10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
Issued capital100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
Uncalled capital101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | |
Reserves13 |
716,706 | 750,795 | 453,870 | 364,708 | 284,111 | 250,397 | 216,308 | 157,364 | 90,754 | 55,566 | |
Non-distributable reserves130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
Legal reserve130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
Reserves not available under the articles1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
Distributable reserves133 |
714,846 | 748,935 | 452,010 | 362,848 | 282,251 | 248,537 | 214,448 | 155,504 | 88,894 | 53,706 | |
Profit (loss) carried forward14 |
32,153 | 0 | 0 | 0 | - | - | - | - | - | - | |
Amounts payable17/49 |
1.2m | 1.0m | 991,328 | 738,027 | 642,011 | 418,048 | 281,454 | 313,926 | 347,913 | 213,426 | |
Amounts payable after more than one year17 |
632,489 | 688,789 | 883,584 | 544,302 | 479,955 | 360,080 | 208,618 | 226,407 | 243,845 | 162,312 | |
Financial debts170/4 |
632,489 | 688,789 | 883,584 | 544,302 | 479,955 | 360,080 | 208,618 | 226,407 | 243,845 | 162,312 | |
Amounts payable within one year42/48 |
522,239 | 337,115 | 107,744 | 193,725 | 162,056 | 57,968 | 72,836 | 87,519 | 90,193 | 51,114 | |
Current portion of amounts payable after more than one year42 |
187,625 | 100,323 | 45,159 | 33,396 | 13,616 | 12,977 | 17,789 | 17,438 | 17,084 | 6,250 | |
Financial debts43 |
312 | 66 | 634 | 1,113 | 455 | 689 | - | - | - | - | |
Credit institutions430/8 |
312 | 66 | 634 | 1,113 | 455 | 689 | - | - | - | - | |
Trade debts44 |
13,756 | 67,328 | 42,465 | 7,812 | 111,585 | 2,114 | 906 | 3,272 | 3,725 | 1,128 | |
Suppliers440/4 |
13,756 | 67,328 | 42,465 | 7,812 | 111,585 | 2,114 | 906 | 3,272 | 3,725 | 1,128 | |
Advances received on contracts in progress46 |
- | - | 0 | 591 | - | - | - | - | - | - | |
Taxes, remuneration and social security45 |
36,169 | 45,721 | 5,689 | 66,363 | 36,400 | 42,188 | 54,141 | 65,401 | 69,385 | 42,616 | |
Taxes450/3 |
35,689 | 45,241 | 5,209 | 66,043 | 36,240 | 42,188 | 54,141 | 65,401 | 69,385 | 42,616 | |
Remuneration and social security454/9 |
480 | 480 | 480 | 320 | 160 | - | - | - | - | - | |
Other amounts payable47/48 |
284,377 | 123,677 | 13,796 | 84,450 | - | - | - | 1,408 | - | 1,120 | |
Accrued charges and deferred income492/3 |
- | - | - | - | - | - | - | - | 13,875 | - | |
| Income statement | |||||||||||
Turnover70 |
- | - | - | - | - | - | - | - | 272,637 | - | |
Non-recurring operating income76A |
- | - | - | 0 | 10,329 | 0 | 2,002 | - | - | - | |
Gross operating margin9900 |
223,771 | 399,853 | 147,958 | 293,522 | 89,003 | 101,001 | 116,844 | 150,477 | 124,442 | 134,252 | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | - | - | - | - | - | 154,300 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
34,860 | 35,793 | 31,855 | 18,206 | 12,952 | 8,724 | 7,769 | 29,325 | 39,026 | 34,450 | |
Other operating charges640/8 |
5,503 | 13,474 | 6,096 | 17,604 | 17,471 | 33,942 | 17,702 | 17,107 | 18,443 | 1,571 | |
Non-recurring operating charges66A |
- | - | - | 0 | 207 | - | - | - | - | - | |
Operating profit (loss)9901 |
183,408 | 350,585 | 110,007 | 257,712 | 58,373 | 58,334 | 91,374 | 104,046 | 66,972 | 98,231 | |
Financial income75/76B |
282,653 | 233,610 | 36,569 | 3,419 | 6,114 | 1,832 | 1,399 | 1,106 | 34 | 16 | |
Recurring financial income75 |
282,653 | 233,610 | 36,569 | 3,419 | 6,114 | 1,832 | 1,399 | 1,106 | 34 | 16 | |
Financial charges65/66B |
26,714 | 25,898 | 17,228 | 16,012 | 11,442 | 9,230 | 6,516 | 5,558 | 6,118 | 1,417 | |
Recurring financial charges65 |
26,714 | 25,898 | 17,228 | 16,012 | 11,442 | 9,230 | 6,516 | 5,558 | 6,118 | 1,417 | |
Profit (loss) for the period before taxes9903 |
439,348 | 558,298 | 129,348 | 245,119 | 53,046 | 50,936 | 86,256 | 99,594 | 60,889 | 96,829 | |
Income taxes67/77 |
43,662 | 135,820 | 40,186 | 75,628 | 19,331 | 16,847 | 27,313 | 32,985 | 25,700 | 39,663 | |
Profit (loss) for the period9904 |
395,686 | 422,478 | 89,163 | 169,491 | 33,714 | 34,090 | 58,944 | 66,609 | 35,189 | 57,166 | |
Profit (loss) for the period to be appropriated9905 |
395,686 | 422,478 | 89,163 | 169,491 | 33,714 | 34,090 | 58,944 | 66,609 | 35,189 | 57,166 | |
| Appropriation of the result | |||||||||||
Profit (loss) to be appropriated9906 |
395,686 | 422,478 | 89,163 | 169,491 | 33,714 | 34,090 | 58,944 | 66,609 | 35,189 | 57,166 | |
Transfer from equity791/2 |
34,090 | 125,553 | 0 | 88,894 | - | - | - | - | - | - | |
Transfer to equity691/2 |
0 | 422,478 | 89,163 | 169,491 | 33,714 | 34,090 | 58,944 | 66,609 | 35,189 | 55,566 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
To other reserves6921 |
0 | 422,478 | 89,163 | 169,491 | 33,714 | 34,090 | 58,944 | 66,609 | 35,189 | 53,706 | |
Profit to be distributed694/7 |
397,623 | 125,553 | 0 | 88,894 | - | - | - | - | - | 1,600 | |
Return on contributions (dividend)694 |
397,623 | 125,553 | 0 | 88,894 | - | - | - | - | - | 1,600 | |
| Document | |||||||||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00254257 | |
| 31-12-2024 | micro format | 29-04-2025 | 2025-00079028 | |
| 31-12-2023 | micro format | 19-02-2024 | 2024-00031368 | |
| 31-12-2022 | micro format | 12-04-2023 | 2023-00057308 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20080868 | |
| 31-12-2020 | micro format | 13-09-2021 | 2021-67000119 | |
| 31-12-2019 | micro format | 14-07-2020 | 2020-29800082 | |
| 31-12-2018 | micro format | 25-06-2019 | 2019-22300204 | |
| 31-12-2017 | micro format | 05-04-2018 | 2018-08900319 | |
| 31-12-2016 | abbreviated format | 25-04-2017 | 2017-09900301 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 218,268 | 386,378 | 141,863 | 275,918 | 71,325 | 67,059 | 99,142 | 133,370 | 105,998 | 132,681 | |
| Cash flow | 430,546 | 458,271 | 121,018 | 187,696 | 46,666 | 42,814 | 66,713 | 95,934 | 74,215 | 91,616 | |
| Investment in fixed assets | 156,642 | 42,127 | 336,857 | 90,600 | 163,325 | 219,528 | 1,437 | 75,650 | 147,361 | 190,945 | |
| Change in cash | 34,278 | 15,084 | -102,405 | -12,367 | 112,510 | -46,065 | -19,186 | 7,266 | 8,095 | - | |
| Working capital | 242,632 | 422,651 | 326,857 | 203,414 | 130,865 | 117,978 | 142,896 | 85,016 | 96,045 | 73,783 | |
| EBIT margin | - | - | - | - | - | - | - | - | 24.6% | - | |
| Solvency | 39.7% | 42.7% | 32.0% | 33.8% | 31.6% | 38.6% | 44.8% | 35.1% | 22.9% | 24.2% | |
| Current ratio | 1.46 | 2.25 | 4.03 | 2.05 | 1.81 | 3.04 | 2.96 | 1.97 | 2.06 | 2.44 | |
| Debt to equity | 1.52 | 1.34 | 2.13 | 1.96 | 2.17 | 1.59 | 1.23 | 1.85 | 3.37 | 3.14 | |
| ROE | 52.0% | 55.4% | 19.1% | 44.9% | 11.4% | 13.0% | 25.8% | 39.2% | 34.1% | 84.1% | |
| ROA | 20.7% | 23.6% | 6.1% | 15.2% | 3.6% | 5.0% | 11.6% | 13.8% | 7.8% | 20.3% | |
| Interest coverage | 8.17 | 14.92 | 8.23 | 17.23 | 6.23 | - | - | - | - | - | |
| Customer credit | - | - | - | - | - | - | - | - | 47 days | - | |
| Supplier credit | - | - | - | - | - | - | - | - | 9 days | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 |
| Carrying value of the mortgaged assets | €788,280 | €710,134 | €700,633 | €710,350 | €637,598 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €156,642 | €42,127 | €336,857 | €90,600 | €163,325 |
| Depreciation and write-downs of the year | €34,860 | €35,793 | €31,855 | €18,206 | €12,952 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 48% lower than in 2024.
Debt's share of the balance-sheet total rises from 57.3% to 60.3%. Equity is lower and debt is higher.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| WORXITY
registered office since 22-10-2019 · founded in 2019 |
total assets €685,863 (2025) 0736.672.636 |
The network starts from the directors of ContinIT. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Raketstraat 9D registered office 9000 Ghent | 04-03-2016 | 2.332.238.207 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44809I0867/00A000 | 4,747 m² | 1 · 1,820 m² | 14.4 m · 3 |
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