CYPHER ONE
ActiveSummary
CYPHER ONE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €3k. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-27
Solvency46▼-11
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.29 in 2024; short-term debt: 76.7% of total assets), and 79.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 →
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 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
20.9%
Return on assets
1.7%
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 22% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 22%
← 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 20-07-2026, 11 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
11 d early
2024
120 d late
2023
1 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 9.1%
2024 · €33k
2023: €9klowest in 3 years
2024: €33k▲ +285% vs 2023
2025: €36k▲ +9.1% vs 2024highest in 3 years
2023 → 2025
Total assets
€171k▲ 66.7%
2024 · €103k
2023: €32klowest in 3 years
2024: €103k▲ +223% vs 2023
2025: €171k▲ +66.7% vs 2024highest in 3 years
2023 → 2025
Net result
€3k▼ 87.7%
2024 · €24k
2023: €7k
2024: €24k▲ +273% vs 2023highest in 3 years
2025: €3k▼ -87.7% vs 2024lowest in 3 years
2023 → 2025
Working capital
€25k▲ 36.7%
2024 · €18k
2023: €3klowest in 3 years
2024: €18k▲ +616% vs 2023
2025: €25k▲ +36.7% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€9k-€33k▲ 285%€36k▲ 9.1%
2023: €9klowest in 3 years
2024: €33k▲ +285% vs 2023
2025: €36k▲ +9.1% vs 2024highest in 3 years
Operating result€9k-€35k▲ 296%€8k▼ 77.4%
2023: €9k
2024: €35k▲ +296% vs 2023highest in 3 years
2025: €8k▼ -77.4% vs 2024lowest in 3 years
Net result€7k-€24k▲ 273%€3k▼ 87.7%
2023: €7k
2024: €24k▲ +273% vs 2023highest in 3 years
2025: €3k▼ -87.7% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171k
Fixed assets
€15k ▼ 26.5%
Current assets
€157k ▲ 89.3%
Equity and liabilities €171k
Equity
€36k ▲ 9.1%
Debt
€136k ▲ 93.7%
Debt's share of the balance-sheet total rises from 68.1% to 79.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €39k
Cash flow
€10k▼
2024 · €28k
Current ratio
1.19▼
2024 · 1.29
Debt to equity
3.79▲
2024 · 2.13
ROE
8.3%▼
2024 · 74.0%
ROA
1.7%▼
2024 · 23.6%
Interest coverage
6.20▼
2024 · 32.43
Debt ≤ 1 year
€131k▲
2024 · €64k
Debt > 1 year
€4k▼
2024 · €6k
Income taxes
€4k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€103k€171k▲
Fixed assets21/28€20k€15k▼
Tangible fixed assets22/27€20k€14k▼
Furniture and vehicles24€12k€9k▼
Other tangible fixed assets26€8k€6k▼
Financial fixed assets28€363€363=
Current assets29/58€83k€157k▲
Amounts receivable after more than one year29€41k€75k▲
Other amounts receivable291€41k€75k▲
Amounts receivable within one year40/41€42k€79k▲
Trade receivables40€41k€77k▲
Other amounts receivable41€565€3k▲
Deferred charges and accrued income490/1€506€2k▲
Equity and liabilities
Total equity and liabilities10/49€103k€171k▲
Equity10/15€33k€36k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€31k€34k▲
Amounts payable17/49€70k€136k▲
Amounts payable after more than one year17€6k€4k▼
Financial debts170/4€6k€4k▼
Amounts payable within one year42/48€64k€131k▲
Current portion of amounts payable after more than one year42€1k€2k▲
Financial debts43€7k€1k▼
Credit institutions430/8€7k€1k▼
Trade debts44€32k€16k▼
Suppliers440/4€32k€16k▼
Advances received on contracts in progress46€12k€79k▲
Taxes, remuneration and social security45€12k€33k▲
Taxes450/3€12k€14k▲
Remuneration and social security454/9-€18k
Other amounts payable47/48€96€124▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€40k€17k▼
Operating profit (loss)9901€35k€8k▼
Financial income75/76B€512€2k▲
Recurring financial income75€512€2k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€34k€7k▼
Income taxes67/77€10k€4k▼
Profit (loss) for the period9904€24k€3k▼
Profit (loss) for the period to be appropriated9905€24k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€34k▲
Profit (loss) brought forward from the previous period14P€7k€31k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €4k | €7k | ▲ 92.1% |
| Other operating charges640/8 | €252 | €1k | €2k | ▲ 87.3% |
| Gross operating margin9900 | €11k | €40k | €17k | ▼ 57.2% |
| Operating profit (loss)9901 | €9k | €35k | €8k | ▼ 77.4% |
| Financial income75/76B | - | €512 | €2k | ▲ 248% |
| Recurring financial income75 | - | €512 | €2k | ▲ 248% |
| Financial charges65/66B | €331 | €1k | €2k | ▲ 104% |
| Recurring financial charges65 | €331 | €1k | €2k | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €8k | €34k | €7k | ▼ 78.9% |
| Income taxes67/77 | €2k | €10k | €4k | ▼ 57.1% |
| Profit (loss) for the period9904 | €7k | €24k | €3k | ▼ 87.7% |
| Profit (loss) for the period to be appropriated9905 | €7k | €24k | €3k | ▼ 87.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €32k | €103k | €171k | ▲ 66.7% |
| Fixed assets21/28 | €13k | €20k | €15k | ▼ 26.5% |
| Tangible fixed assets22/27 | €13k | €20k | €14k | ▼ 27.0% |
| Furniture and vehicles24 | €2k | €12k | €9k | ▼ 24.8% |
| Other tangible fixed assets26 | €11k | €8k | €6k | ▼ 30.0% |
| Financial fixed assets28 | €363 | €363 | €363 | = |
| Current assets29/58 | €19k | €83k | €157k | ▲ 89.3% |
| Amounts receivable after more than one year29 | - | €41k | €75k | ▲ 84.9% |
| Other amounts receivable291 | - | €41k | €75k | ▲ 84.9% |
| Amounts receivable within one year40/41 | €18k | €42k | €79k | ▲ 90.4% |
| Trade receivables40 | €18k | €41k | €77k | ▲ 86.9% |
| Other amounts receivable41 | - | €565 | €3k | ▲ 349% |
| Cash at bank and in hand54/58 | €541 | - | - | - |
| Deferred charges and accrued income490/1 | - | €506 | €2k | ▲ 353% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €32k | €103k | €171k | ▲ 66.7% |
| Equity10/15 | €9k | €33k | €36k | ▲ 9.1% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €7k | €31k | €34k | ▲ 9.7% |
| Amounts payable17/49 | €23k | €70k | €136k | ▲ 93.7% |
| Amounts payable after more than one year17 | €7k | €6k | €4k | ▼ 27.4% |
| Financial debts170/4 | €7k | €6k | €4k | ▼ 27.4% |
| Amounts payable within one year42/48 | €16k | €64k | €131k | ▲ 104% |
| Current portion of amounts payable after more than one year42 | €1k | €1k | €2k | ▲ 43.2% |
| Financial debts43 | - | €7k | €1k | ▼ 86.3% |
| Credit institutions430/8 | - | €7k | €1k | ▼ 86.3% |
| Trade debts44 | €5k | €32k | €16k | ▼ 48.4% |
| Suppliers440/4 | €5k | €32k | €16k | ▼ 48.4% |
| Advances received on contracts in progress46 | - | €12k | €79k | ▲ 576% |
| Taxes, remuneration and social security45 | €6k | €12k | €33k | ▲ 177% |
| Taxes450/3 | €6k | €12k | €14k | ▲ 20.9% |
| Remuneration and social security454/9 | - | - | €18k | - |
| Other amounts payable47/48 | €3k | €96 | €124 | ▲ 29.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €24k | €3k | ▼ 87.7% |
| + Depreciation and write-downs630 | €2k | €4k | €7k | ▲ 92.1% |
| Operating cash flow (approximation) | €9k | €28k | €10k | ▼ 63.6% |
| Investment in fixed assets (approximation) | - | €-11k | €-2k | ▲ 82.4% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €3k ▼87.7%
Net result drops to €3k, the lowest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
31-12
Financial
Highest result since 2023net €24k ▲273%
Operating result €35k, net result €24k, both a record.
30-07
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Asse · 1 establishment unit since 2023
Ground area
369 m²
Building footprint
167 m²
Volume, LiDAR
876 m³
Parcel 23322E0103/00N000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
CYPHER ONE
since 20232.342.441.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,740 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
Founded06-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
E-mail
badre.moumane@outlook.fr
Scores and ratios are computed by Checked and are not a credit decision.