CRAFT IN DEVELOPMENT
ActiveSummary
CRAFT IN DEVELOPMENT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,981 and a net result of €4,393. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability75▼-6
Solvency72▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.92 in 2023; short-term debt: 27% and cash: 21.7% of total assets), but 52.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.2%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2023
8 d early
2022
112 d late
2021
197 d late
2020
562 d late
2019
on the day
2018
121 d late
← 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 145 days after the deadline; the sector median for financial year 2023 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€42,981▼ 29.5%
2023 · €60,978
Total assets
€91,155▼ 27.3%
2023 · €125,299
Net result
€4,393▼ 64.9%
2023 · €12,506
Working capital
€23,405▼ 54.3%
2023 · €51,190
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€6,184▲ 28.7%€5,467▼ 11.6%€21,625▲ 296%€27,806▲ 28.6%€11,682-
Net result€5,262within the sector's middle half▲ 36.8%€2,417below the sector's middle half▼ 54.1%€15,517within the sector's middle half▲ 542%€12,506within the sector's middle half▼ 19.4%€4,393below the sector's middle half-
Equity€39,538within the sector's middle half▲ 15.4%€41,955within the sector's middle half▲ 6.1%€48,472within the sector's middle half▲ 15.5%€60,978within the sector's middle half▲ 25.8%€42,981within the sector's middle half-
Total assets€108,628within the sector's middle half▲ 65.9%€121,651within the sector's middle half▲ 12.0%€117,171within the sector's middle half▼ 3.7%€125,299within the sector's middle half▲ 6.9%€91,155within the sector's middle half-
Debt€69,090▲ 122%€79,696▲ 15.4%€68,699▼ 13.8%€64,321▼ 6.4%€48,174-
Working capital€25,361within the sector's middle half▲ 26.1%€27,291within the sector's middle half▲ 7.6%€35,306within the sector's middle half▲ 29.4%€51,190within the sector's middle half▲ 45.0%€23,405within the sector's middle half-
Solvency36.4%within the sector's middle half▼ 16.0pp34.5%within the sector's middle half▼ 1.9pp41.4%within the sector's middle half▲ 6.9pp48.7%within the sector's middle half▲ 7.3pp47.2%within the sector's middle half-
Current ratio2.63within the sector's middle half▲ 0.621.84within the sector's middle half▼ 0.792.30within the sector's middle half▲ 0.462.92within the sector's middle half▲ 0.611.95within the sector's middle half-
Return on assets (ROA)4.8%within the sector's middle half▼ 1.0pp2.0%below the sector's middle half▼ 2.9pp13.2%within the sector's middle half▲ 11.3pp10.0%within the sector's middle half▼ 3.3pp4.8%within the sector's middle half-
Staff (FTE)0.1-
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €11,682 in 2025, compared with €27,806 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €91,155
Fixed assets
€43,136 ▼ 9.0%
Current assets
€48,019 ▼ 38.4%
Equity and liabilities €91,155
Equity
€42,981 ▼ 29.5%
Debt
€48,174 ▼ 25.1%
Debt's share of the balance-sheet total rises from 51.3% to 52.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25,844▼
2023 · €36,279
Cash flow
€18,554▼
2023 · €20,979
Debt to equity
1.12▲
2023 · 1.05
ROE
10.2%▼
2023 · 20.5%
Interest coverage
11.34▼
2023 · 25.36
Debt ≤ 1 year
€24,614▼
2023 · €26,727
Debt > 1 year
€23,560▼
2023 · €35,594
Income taxes
€5,010▼
2023 · €13,869
Staff costs
€1,917▼
2023 · €5,201
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €5,201 | €1,917 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,698 | €18,326 | €16,707 | €8,473 | €14,162 | - |
| Other operating charges640/8 | €652 | €682 | €905 | €573 | €444 | - |
| Gross operating margin9900 | €22,534 | €24,475 | €39,237 | €42,052 | €28,205 | - |
| Operating profit (loss)9901 | €6,184 | €5,467 | €21,625 | €27,806 | €11,682 | - |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €901 | €1,070 | €1,662 | €1,430 | €2,280 | - |
| Recurring financial charges65 | €901 | €1,070 | €1,662 | €1,430 | €2,280 | - |
| Profit (loss) for the period before taxes9903 | €5,283 | €4,397 | €19,963 | €26,375 | €9,402 | - |
| Income taxes67/77 | €21 | €1,980 | €4,446 | €13,869 | €5,010 | - |
| Profit (loss) for the period9904 | €5,262 | €2,417 | €15,517 | €12,506 | €4,393 | - |
| Profit (loss) for the period to be appropriated9905 | €5,262 | €2,417 | €15,517 | €12,506 | €4,393 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,628 | €121,651 | €117,171 | €125,299 | €91,155 | - |
| Fixed assets21/28 | €67,733 | €61,937 | €54,730 | €47,383 | €43,136 | - |
| Tangible fixed assets22/27 | €67,443 | €61,647 | €54,640 | €47,293 | €43,136 | - |
| Land and buildings22 | €49,852 | €45,813 | €40,124 | €34,435 | €23,057 | - |
| Plant, machinery and equipment23 | - | - | - | - | €3,441 | - |
| Furniture and vehicles24 | €17,591 | €15,834 | €14,516 | €12,858 | €16,639 | - |
| Financial fixed assets28 | €290 | €290 | €90 | €90 | - | - |
| Current assets29/58 | €40,895 | €59,714 | €62,441 | €77,916 | €48,019 | - |
| Amounts receivable within one year40/41 | €13,823 | €25,355 | €14,460 | €31,774 | €21,227 | - |
| Trade receivables40 | €12,188 | €25,052 | €13,356 | €30,521 | €16,471 | - |
| Other amounts receivable41 | €1,635 | €303 | €1,104 | €1,253 | €4,756 | - |
| Cash at bank and in hand54/58 | €23,914 | €30,035 | €43,568 | €42,652 | €19,743 | - |
| Deferred charges and accrued income490/1 | €3,158 | €4,324 | €4,413 | €3,490 | €7,048 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,628 | €121,651 | €117,171 | €125,299 | €91,155 | - |
| Equity10/15 | €39,538 | €41,955 | €48,472 | €60,978 | €42,981 | - |
| Contributions10/11 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | - |
| Capital10 | €3,500 | €3,500 | €3,500 | - | - | - |
| Issued capital100 | €3,500 | €3,500 | €3,500 | - | - | - |
| Reserves13 | €350 | €350 | €350 | €12,856 | €33,959 | - |
| Non-distributable reserves130/1 | €350 | €350 | €350 | €350 | €350 | - |
| Legal reserve130 | €350 | €350 | €350 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €350 | - | - |
| Other1319 | - | - | - | - | €350 | - |
| Distributable reserves133 | - | - | - | €12,506 | €33,609 | - |
| Profit (loss) carried forward14 | €35,688 | €38,105 | €44,622 | €44,622 | €5,522 | - |
| Amounts payable17/49 | €69,090 | €79,696 | €68,699 | €64,321 | €48,174 | - |
| Amounts payable after more than one year17 | €53,556 | €47,273 | €41,564 | €35,594 | €23,560 | - |
| Financial debts170/4 | €53,556 | €47,273 | €41,564 | €35,594 | €23,560 | - |
| Amounts payable within one year42/48 | €15,534 | €32,423 | €27,135 | €26,727 | €24,614 | - |
| Current portion of amounts payable after more than one year42 | €13,624 | €9,674 | €9,674 | €5,883 | €6,062 | - |
| Trade debts44 | €1,814 | €19,587 | €4,399 | €4,888 | €3,975 | - |
| Suppliers440/4 | €1,814 | €19,587 | €4,399 | €4,888 | €3,975 | - |
| Taxes, remuneration and social security45 | €96 | €3,162 | €6,762 | €15,873 | €3,634 | - |
| Taxes450/3 | €96 | €3,100 | €6,762 | €15,073 | €3,634 | - |
| Remuneration and social security454/9 | - | €62 | - | €800 | - | - |
| Other amounts payable47/48 | - | - | €6,300 | €82 | €10,942 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,262 | €2,417 | €15,517 | €12,506 | €4,393 | - |
| + Depreciation and write-downs630 | €15,698 | €18,326 | €16,707 | €8,473 | €14,162 | - |
| Operating cash flow (approximation) | €20,960 | €20,743 | €32,224 | €20,979 | €18,554 | - |
| Investment in fixed assets (approximation) | - | -€12,530 | -€9,500 | -€1,126 | - | - |
| Change in cash | - | €6,121 | €13,533 | -€916 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 112 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 197 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 562 days late
2021
31-12
Financial
Weakest financial yearnet €2,417 ▼54.1%
Net result drops to €2,417, the lowest in the series; recovery starts the following year.
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 121 days late
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 43 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are 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, Beersel · 1 establishment unit since 2009
Ground area
997 m²
Building footprint
114 m²
Volume, LiDAR
871 m³
Parcel 23001A0078/00S003, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zevengatenlaan 25, 1652 Beersel
since 20092.181.619.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001A0078/00S003 | Flanders | 997 m² | 1 · 114 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
Zuzanna Sawala IT Services
BE 1008.433.972
Etterbeek · Eq €42,962
Prospeir
BE 0652.809.703
Antwerpen · Eq €42,938
ExactFit
BE 0673.874.143
Puurs-Sint-Amands · Eq €43,035
daidalo
BE 1009.310.338
Gent · Eq €43,081
Geukens Ventures
BE 0803.624.907
Londerzeel · Eq €42,875
Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded13-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819558146
Registered
20-11-2020
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.