CRYPTO ENGINEERING
ActiveSummary
CRYPTO ENGINEERING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €113,988 and a net result of €9,519. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 5.65 against 16.03 in 2023; short-term debt: 17.3% and cash: 36.8% of total assets), and 17.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
135 d late
2022
39 d early
2021
31 d late
2020
30 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€99,680
EBIT margin
24.1%
Net result
€9,519▼ 39.8%
2023 · €15,804
Working capital
€111,136▲ 11.5%
2023 · €99,713
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€99,680
Operating result€21,824▲ 19.6%€23,992▲ 9.9%€25,302▲ 5.5%€17,804▼ 29.6%€10,823▼ 39.2%
Net result€13,749▼ 13.2%€18,507▲ 34.6%€13,161▼ 28.9%€15,804▲ 20.1%€9,519▼ 39.8%
EBIT margin24.1%
Equity€75,627▲ 29.1%€94,134▲ 24.5%€107,295▲ 14.0%€104,469▼ 2.6%€113,988▲ 9.1%
Total assets€79,447▲ 25.7%€96,268▲ 21.2%€110,451▲ 14.7%€111,103▲ 0.6%€137,890▲ 24.1%
Debt€3,820▼ 16.8%€2,134▼ 44.1%€3,157▲ 47.9%€6,634▲ 110%€23,902▲ 260%
Working capital€72,985▲ 30.7%€91,710▲ 25.7%€105,819▲ 15.4%€99,713▼ 5.8%€111,136▲ 11.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 39% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €137,890
Fixed assets
€2,852 ▼ 40.0%
Current assets
€135,038 ▲ 27.0%
Equity and liabilities €137,890
Equity
€113,988 ▲ 9.1%
Debt
€23,902 ▲ 260%
Debt's share of the balance-sheet total rises from 6.0% to 17.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,726▼
2023 · €19,809
Cash flow
€11,423▼
2023 · €17,810
Current ratio
5.65▼
2023 · 16.03
Debt to equity
0.21▲
2023 · 0.06
ROE
8.4%▼
2023 · 15.1%
ROA
6.9%▼
2023 · 14.2%
Interest coverage
212.11▼
2023 · 330.16
Debt ≤ 1 year
€23,902▲
2023 · €6,634
Income taxes
€1,244▼
2023 · €3,944
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
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 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €99,680 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €74,533 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €803 | €949 | €949 | €2,006 | €1,903 | ▼ 5.1% |
| Other operating charges640/8 | - | €206 | - | €820 | - | - |
| Gross operating margin9900 | €22,974 | €25,147 | €26,251 | €20,630 | €12,726 | ▼ 38.3% |
| Operating profit (loss)9901 | €21,824 | €23,992 | €25,302 | €17,804 | €10,823 | ▼ 39.2% |
| Financial income75/76B | - | - | €1,909 | €2,004 | - | - |
| Recurring financial income75 | - | - | €1,909 | €2,004 | - | - |
| Non-recurring financial income76B | - | - | €1,909 | €2,004 | - | - |
| Financial charges65/66B | - | €85 | €146 | €60 | €60 | = |
| Recurring financial charges65 | €92 | €85 | €146 | €60 | €60 | = |
| Profit (loss) for the period before taxes9903 | €21,732 | €23,907 | €27,066 | €19,748 | €10,763 | ▼ 45.5% |
| Income taxes67/77 | €7,983 | €5,400 | €13,905 | €3,944 | €1,244 | ▼ 68.5% |
| Profit (loss) for the period9904 | €13,749 | €18,507 | €13,161 | €15,804 | €9,519 | ▼ 39.8% |
| Profit (loss) for the period to be appropriated9905 | €13,749 | €18,507 | €13,161 | €15,804 | €9,519 | ▼ 39.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,447 | €96,268 | €110,451 | €111,103 | €137,890 | ▲ 24.1% |
| Fixed assets21/28 | €2,642 | €2,424 | €1,475 | €4,755 | €2,852 | ▼ 40.0% |
| Tangible fixed assets22/27 | €2,642 | €2,424 | €1,475 | €4,755 | €2,852 | ▼ 40.0% |
| Furniture and vehicles24 | - | €2,424 | €1,475 | €4,755 | €2,852 | ▼ 40.0% |
| Current assets29/58 | €76,805 | €93,844 | €108,976 | €106,347 | €135,038 | ▲ 27.0% |
| Amounts receivable within one year40/41 | €53,722 | €45,663 | €72,175 | €80,813 | €84,259 | ▲ 4.3% |
| Trade receivables40 | - | €8,153 | €5,720 | €21,755 | €23,897 | ▲ 9.8% |
| Other amounts receivable41 | - | €37,510 | €66,455 | €59,059 | €60,362 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €23,083 | €48,181 | €36,801 | €25,534 | €50,779 | ▲ 98.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,447 | €96,268 | €110,451 | €111,103 | €137,890 | ▲ 24.1% |
| Equity10/15 | €75,627 | €94,134 | €107,295 | €104,469 | €113,988 | ▲ 9.1% |
| Contributions10/11 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Capital10 | - | €8,000 | €8,000 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €10,600 | €10,600 | - | - | - |
| Reserves13 | €2,530 | €2,530 | €2,530 | €2,530 | €2,530 | = |
| Non-distributable reserves130/1 | - | €2,530 | €2,530 | €2,530 | €2,530 | = |
| Legal reserve130 | - | €2,530 | €2,530 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,530 | €2,530 | = |
| Profit (loss) carried forward14 | €65,096 | €83,604 | €96,765 | €93,939 | €103,458 | ▲ 10.1% |
| Amounts payable17/49 | €3,820 | €2,134 | €3,157 | €6,634 | €23,902 | ▲ 260% |
| Amounts payable within one year42/48 | €3,820 | €2,134 | €3,157 | €6,634 | €23,902 | ▲ 260% |
| Financial debts43 | - | €1,638 | €131 | €131 | €131 | = |
| Credit institutions430/8 | - | €1,638 | €131 | €131 | €131 | = |
| Trade debts44 | €1,993 | €497 | €3,026 | €6,011 | €23,771 | ▲ 295% |
| Suppliers440/4 | - | €497 | €3,026 | €6,011 | €23,771 | ▲ 295% |
| Taxes, remuneration and social security45 | - | - | - | €492 | - | - |
| Taxes450/3 | - | - | - | €492 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,749 | €18,507 | €13,161 | €15,804 | €9,519 | ▼ 39.8% |
| + Depreciation and write-downs630 | €803 | €949 | €949 | €2,006 | €1,903 | ▼ 5.1% |
| Operating cash flow (approximation) | €14,551 | €19,456 | €14,110 | €17,810 | €11,423 | ▼ 35.9% |
| Investment in fixed assets (approximation) | - | -€731 | €0 | -€5,286 | €0 | ▲ 100% |
| Change in cash | - | €25,099 | -€11,380 | -€11,267 | €25,245 | ▲ 324% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €9,519 ▼39.8%
Net result drops to €9,519, the lowest in the series.
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 135 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100,000Eq €107,295 ▲14%
4 profitable years in a row build equity to €107,295.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €18,507 ▲34.6%
Net result €18,507, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 43.97
Current ratio from 20.10 to 43.97; short-term debt falls from €3,820 to €2,134.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 72 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Schaarbeek
Ground area
146 m²
Building footprint
74 m²
Volume, LiDAR
784 m³
Parcel 21902A0217/00H007, Brussels · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0217/00H007 | Brussels | 146 m² | 1 · 73 m² | 15.6 m · 4 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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,525 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668863104
Also
9925:BE0668863104
Registered
06-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.