Checked.be
Active
BE 0632.924.802Private limited company
CRAX IT
Scheppershofstraat 12 ·2800 Mechelen, Belgium· 11 yrs active
Sector: Computer programming
(62100)
Conclusion
CRAX IT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 2607 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €6k |
| Net result | €-22k |
| Staff (FTE) | 6.1 |
| Better than sector | 16% |
Financial profile
38
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
45
Profitability
0
Solvency
14
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
45
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score history
80
2020
81
2021
86
2022
86
2023
58
2024
45
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.02 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.02 (≥ 1.0)
+5
Leverage
Debt/equity 25.29 (> 3.0)
-10
Profitability
Negatieve ROE -371%
-10
Interest coverage
Interest coverage 8.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~43% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.8% | 45.9% | |
| Net result | €-22k | €24k | |
| Equity | €6k | €141k | |
| Gross operating margin | €400k | €90k | |
| Staff costs | €410k | €280k |
€-20k
-
20-25
€-22k
-
20-25
€-18k
-
20-25
€156k
-49.7%
20-25
€6k
-78.8%
20-25
€3k
-48.2%
20-25
6
-48.3%
20-25
€410k
-45.3%
20-25
€103
-99.5%
20-25
€0
-100.0%
20-25
€150k
-46.8%
20-25
€150k
-39.9%
20-25
€0
-100.0%
20-25
1.02
-0.3%
20-25
1.02
-0.3%
20-25
3.8%
-57.8%
20-25
25.29
+150.5%
20-25
-371.3%
-
20-25
-14.1%
-
20-25
8.41
+36.2%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-20k | €52k | €114k | €165k | €151k |
| Net profit | €-22k | €2k | €48k | €84k | €62k |
| Cash flow | €-18k | €22k | €86k | €120k | €109k |
| Staff costs | €410k | €749k | €906k | €1.08M | €822k |
| Income taxes | €103 | €22k | €21k | €42k | €39k |
| Dividends | €0 | €235k | - | - | - |
| Total assets | €156k | €309k | €570k | €656k | €546k |
| Equity | €6k | €28k | €261k | €213k | €129k |
| Debt | €150k | €281k | €309k | €443k | €417k |
| of which ≤ 1y | €150k | €249k | €258k | €405k | €309k |
| of which > 1y | €0 | €22k | €51k | €38k | €38k |
| Working capital | €3k | €5k | €215k | €175k | €173k |
| Employees (FTE) | 6.1 | 11.8 | 14.9 | 18.1 | 16.8 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.02 | 1.02 | 1.83 | 1.43 | 1.56 |
| Quick ratio | 1.02 | 1.02 | 1.83 | 1.43 | 1.56 |
| Working capital ratio | 1.7% | 1.7% | 37.8% | 26.7% | 31.8% |
| Solvency | 3.8% | 9.0% | 45.8% | 32.5% | 23.6% |
| Debt / equity | 25.29 | 10.10 | 1.18 | 2.08 | 3.24 |
| Long-term debt ratio | 0.00 | 0.81 | 0.20 | 0.18 | 0.29 |
| Interest coverage | 8.41 | 6.17 | 19.24 | 53.99 | 44.86 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -14.1% | 0.7% | 8.4% | 12.9% | 11.4% |
| ROE | -371.3% | 8.3% | 18.3% | 39.6% | 48.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €156k | €309k | €570k | €656k | €546k |
| Fixed assets | 21/28 | €3k | €55k | €97k | €76k | €63k |
| Tangible fixed assets | 22/27 | €3k | €53k | €96k | €75k | €62k |
| Financial fixed assets | 28 | €436 | €2k | €436 | €436 | €436 |
| Current assets | 29/58 | €152k | €254k | €473k | €580k | €483k |
| Amounts receivable within one year | 40/41 | €37k | €150k | €162k | €312k | €329k |
| Cash & bank | 54/58 | €107k | €92k | €301k | €260k | €147k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €156k | €309k | €570k | €656k | €546k |
| Equity | 10/15 | €6k | €28k | €261k | €213k | €129k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €7k | €7k | €242k | €7k | €7k |
| Accumulated profits (losses) | 14 | €-20k | €2k | - | €188k | €103k |
| Amounts payable | 17/49 | €150k | €281k | €309k | €443k | €417k |
| Amounts payable after one year | 17 | €0 | €22k | €51k | €38k | €38k |
| Amounts payable within one year | 42/48 | €150k | €249k | €258k | €405k | €309k |
| Trade debts payable within one year | 44 | €9k | €29k | €55k | €193k | €116k |
| Income statement | ||||||
| Gross operating margin | 9900 | €400k | €817k | €1.03M | €1.25M | €977k |
| Operating result | 9901 | €-24k | €32k | €75k | €129k | €104k |
| Financial income | 75 | €22 | €527 | - | €12 | - |
| Financial charges | 65 | €-2k | €8k | €6k | €3k | €3k |
| Result before taxes | 9903 | €-22k | €24k | €69k | €126k | €101k |
| Income taxes | 67/77 | €103 | €22k | €21k | €42k | €39k |
| Net result for the period | 9904 | €-22k | €2k | €48k | €84k | €62k |
| Result to be appropriated | 9905 | €-22k | €2k | €48k | €84k | €62k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 01-07-2015 |
| Status | Active |
| Postal code | 2800 |
Establishment units
CRAX IT
since 20152.243.819.242
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0415/00X002 | Flanders | 1,062 m² | 1 · 168 m² | 8.3 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-22k ▼1055%
Net result drops to €-22k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2020net €84k ▲35.8%
Operating result €129k, net result €84k, both a record.
31-12
Financial
Equity above €200kEq €213k ▲65.7%
3 profitable years in a row build equity to €213k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Equity above €100kEq €129k ▲93.6%
2 profitable years in a row build equity to €129k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010Computer programming62100IT consultancy62020Computer programming, consultancy and related activities62030Other information technology and computer services62900Computer consultancy and computer facilities management62200Computing infrastructure, data processing, hosting and other information service activities63120Web portal activities63910Business and other management consultancy70200Business consulting70220
Names & trade names
| Legal nameNL | CRAX IT |
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