D-Cloud
ActiveSummary
D-Cloud has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,584 and a net result of €27,575. Equity has been growing by about 44% per year since 2019. Its solvency ranks better than 35% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-10-2017 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 2 others
- Establishment unit
- 2.269.028.750 9910 Aalter, since 02-10-2017
- Financial year end
- 30 September
- Peppol
- Left the register on 25-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts to 30-09-2025
- Gross margin
- €133,842
- ▲ 83.2%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €27,575
- ▲ 50.3%
- Equity
- €90,584
- ▲ 43.8%
- Total assets
- €218,689
- ▲ 18.8%
- Employees on 30-09-2025
- 1
- =
Score breakdownlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.37, cash €79,984Size: total assets €218,689Figures for financial year 2025 (filed on 01-04-2026)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of micro companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Strong
Solvency
66+7
equity 41.4% of total assets
Liquidity
66-6
short-term debt 58.2% · cash 36.6%
Profitability
85+4
return on assets 12.6%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (1.54 in 2024), below the usual 1.5. Short-term debt is 58.2% and cash 36.6% of total assets. 58.6% of the assets are financed with debt and provisions.
Calculation
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 37% of them on solvency, 49% on liquidity, 46% on profitability and 77% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 days early
2024
33 days early
2023
39 days early
2022
38 days early
2021
36 days early
2020
38 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 8 filings
Turnover
≈ €210,000
Estimated: probably between €190,000 and €260,000
Total assets
€218,689▲ 18.8%
2024 · €184,145
Net result
€27,575▲ 50.3%
2024 · €18,341
Working capital
€47,613▲ 25.0%
2024 · €38,085
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€44,387
▲ 60.7%
2025
20192025
Net result
€27,575
▲ 50.3%
2025
middle half of the sector
20192025
Equity
€90,584
▲ 43.8%
2025
middle half of the sector
20192025
Total assets
€218,689
▲ 18.8%
2025
middle half of the sector
20192025
Debt
€128,105
▲ 5.8%
2025
20192025
Working capital
€47,613
▲ 25.0%
2025
middle half of the sector
20192025
Solvency
41.4%
▲ 7.2pp
2025
middle half of the sector
20192025
Current ratio
1.37
▼ 0.17
2025
middle half of the sector
20192025
Return on assets (ROA)
12.6%
▲ 2.6pp
2025
middle half of the sector
20192025
Staff (FTE)
1
▲ 233%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€22--€2,271-€2,402▼ 5.8%€12,661€47,990▲ 279%€27,629▼ 42.4%€44,387▲ 60.7%
Net result€6--€2,285below the sector's middle half-€3,191below the sector's middle half▼ 39.6%€10,554within the sector's middle half€31,238within the sector's middle half▲ 196%€18,341within the sector's middle half▼ 41.3%€27,575within the sector's middle half▲ 50.3%
Equity€13,352-€11,067below the sector's middle half▼ 17.1%€7,876below the sector's middle half▼ 28.8%€18,430below the sector's middle half▲ 134%€44,668within the sector's middle half▲ 142%€63,009within the sector's middle half▲ 41.1%€90,584within the sector's middle half▲ 43.8%
Total assets€24,905-€18,711below the sector's middle half▼ 24.9%€15,457below the sector's middle half▼ 17.4%€186,226within the sector's middle half▲ 12×€179,839within the sector's middle half▼ 3.4%€184,145within the sector's middle half▲ 2.4%€218,689within the sector's middle half▲ 18.8%
Debt€11,553-€7,644▼ 33.8%€7,581▼ 0.8%€167,796▲ 22×€135,171▼ 19.4%€121,136▼ 10.4%€128,105▲ 5.8%
Working capital€1,809--€852below the sector's middle half€7,671below the sector's middle half-€88,436below the sector's middle half€10,668below the sector's middle half€38,085within the sector's middle half▲ 257%€47,613within the sector's middle half▲ 25.0%
Solvency53.6%-59.1%within the sector's middle half▲ 5.5pp51.0%within the sector's middle half▼ 8.2pp9.9%below the sector's middle half▼ 41.1pp24.8%below the sector's middle half▲ 14.9pp34.2%within the sector's middle half▲ 9.4pp41.4%within the sector's middle half▲ 7.2pp
Current ratio1.37-0.89below the sector's middle half▼ 0.492.01within the sector's middle half▲ 1.120.36below the sector's middle half▼ 1.651.16below the sector's middle half▲ 0.801.54within the sector's middle half▲ 0.381.37within the sector's middle half▼ 0.17
Return on assets (ROA)0.0%--12.2%below the sector's middle half▼ 12.2pp-20.6%below the sector's middle half▼ 8.4pp5.7%within the sector's middle half▲ 26.3pp17.4%within the sector's middle half▲ 11.7pp10.0%within the sector's middle half▼ 7.4pp12.6%within the sector's middle half▲ 2.6pp
Staff (FTE)0.31▲ 233%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 61% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €218,689
Fixed assets
€43,900 ▼ 42.2%
Current assets
€174,789 ▲ 61.5%
Equity and liabilities €218,689
Equity
€90,584 ▲ 43.8%
Debt
€128,105 ▲ 5.8%
Debt's share of the balance-sheet total falls from 65.8% to 58.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76,387▲
2024 · €59,629
Cash flow
€59,575▲
2024 · €50,341
Debt to equity
1.41▼
2024 · 1.92
ROE
30.4%▲
2024 · 29.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€127,176▲
2024 · €70,160
Income taxes
€16,113▲
2024 · €9,267
Staff costs
€55,641▲
2024 · €13,173
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 0.3 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Intangible fixed assets | €160,000 | - | - | - |
| Financial fixed assets | - | - | €3,900 | - |
| Depreciation and write-downs of the year | €24,205 | €32,000 | €32,000 | €32,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €13,173 | €55,641 | ▲ 322% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,340 | €6,340 | €966 | €24,205 | €32,000 | €32,000 | €32,000 | = |
| Other operating charges640/8 | - | - | - | €111 | €122 | €272 | €1,814 | ▲ 567% |
| Gross operating margin9900 | €6,469 | €4,178 | -€1,176 | €36,977 | €80,112 | €73,074 | €133,842 | ▲ 83.2% |
| Operating profit (loss)9901 | €22 | -€2,271 | -€2,402 | €12,661 | €47,990 | €27,629 | €44,387 | ▲ 60.7% |
| Financial income75/76B | - | - | - | - | €94 | €208 | €36 | ▼ 82.7% |
| Recurring financial income75 | - | - | - | - | €94 | €208 | €36 | ▼ 82.7% |
| Financial charges65/66B | - | - | - | €72 | €90 | €229 | €735 | ▲ 221% |
| Recurring financial charges65 | €14 | €14 | €38 | €72 | €90 | €229 | €735 | ▲ 221% |
| Profit (loss) for the period before taxes9903 | €8 | -€2,285 | -€3,189 | €12,589 | €47,994 | €27,608 | €43,688 | ▲ 58.2% |
| Income taxes67/77 | €2 | - | €2 | €2,035 | €16,756 | €9,267 | €16,113 | ▲ 73.9% |
| Profit (loss) for the period9904 | €6 | -€2,285 | -€3,191 | €10,554 | €31,238 | €18,341 | €27,575 | ▲ 50.3% |
| Profit (loss) for the period to be appropriated9905 | €6 | -€2,285 | -€3,191 | €10,554 | €31,238 | €18,341 | €27,575 | ▲ 50.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €24,905 | €18,711 | €15,457 | €186,226 | €179,839 | €184,145 | €218,689 | ▲ 18.8% |
| Formation expenses20 | €616 | €410 | €205 | - | - | - | - | - |
| Fixed assets21/28 | €17,645 | €11,509 | - | €136,000 | €104,000 | €75,900 | €43,900 | ▼ 42.2% |
| Intangible fixed assets21 | - | - | - | €136,000 | €104,000 | €72,000 | €40,000 | ▼ 44.4% |
| Tangible fixed assets22/27 | €17,645 | €11,509 | - | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | €3,900 | €3,900 | = |
| Current assets29/58 | €6,644 | €6,792 | €15,252 | €50,226 | €75,839 | €108,245 | €174,789 | ▲ 61.5% |
| Amounts receivable within one year40/41 | €5,443 | €4,711 | - | €16,645 | €38,510 | €49,053 | €94,578 | ▲ 92.8% |
| Trade receivables40 | - | - | - | €16,645 | €38,510 | €45,855 | €80,055 | ▲ 74.6% |
| Other amounts receivable41 | - | - | - | - | - | €3,198 | €14,523 | ▲ 354% |
| Cash at bank and in hand54/58 | €1,201 | €2,081 | €15,252 | €33,581 | €37,329 | €58,965 | €79,984 | ▲ 35.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €227 | €227 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €24,905 | €18,711 | €15,457 | €186,226 | €179,839 | €184,145 | €218,689 | ▲ 18.8% |
| Equity10/15 | €13,352 | €11,067 | €7,876 | €18,430 | €44,668 | €63,009 | €90,584 | ▲ 43.8% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €6,860 | €6,860 | €6,860 | €6,860 | €31,860 | €49,860 | €77,360 | ▲ 55.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €5,000 | €30,000 | €48,000 | €75,500 | ▲ 57.3% |
| Profit (loss) carried forward14 | €292 | -€1,993 | -€5,184 | €5,370 | €6,608 | €6,949 | €7,024 | ▲ 1.1% |
| Amounts payable17/49 | €11,553 | €7,644 | €7,581 | €167,796 | €135,171 | €121,136 | €128,105 | ▲ 5.8% |
| Amounts payable after more than one year17 | €6,718 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €4,835 | €7,644 | €7,581 | €138,662 | €65,171 | €70,160 | €127,176 | ▲ 81.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,168 | - | - | €1,319 | - |
| Trade debts44 | €936 | €1,266 | €2,005 | €125,642 | €40,442 | €61,809 | €109,634 | ▲ 77.4% |
| Suppliers440/4 | - | - | - | €125,642 | €40,442 | €61,809 | €109,634 | ▲ 77.4% |
| Taxes, remuneration and social security45 | - | - | - | €9,381 | €17,468 | €6,351 | €15,966 | ▲ 151% |
| Taxes450/3 | - | - | - | €9,381 | €17,468 | €1,900 | €5,502 | ▲ 190% |
| Remuneration and social security454/9 | - | - | - | - | - | €4,451 | €10,464 | ▲ 135% |
| Other amounts payable47/48 | - | - | - | €1,471 | €7,261 | €2,000 | €257 | ▼ 87.2% |
| Accrued charges and deferred income492/3 | - | - | - | €29,134 | €70,000 | €50,976 | €929 | ▼ 98.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6 | -€2,285 | -€3,191 | €10,554 | €31,238 | €18,341 | €27,575 | ▲ 50.3% |
| + Depreciation and write-downs630 | €6,340 | €6,340 | €966 | €24,205 | €32,000 | €32,000 | €32,000 | = |
| Operating cash flow (approximation) | €6,346 | €4,055 | -€2,225 | €34,759 | €63,238 | €50,341 | €59,575 | ▲ 18.3% |
| Investment in fixed assets (approximation) | - | -€204 | - | - | €0 | -€3,900 | €0 | - |
| Change in cash | - | €880 | €13,171 | €18,329 | €3,748 | €21,636 | €21,019 | ▼ 2.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as D-Cloud has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of D-Cloud itself is lower: < 0.1% within 12 months. It rests on far more data about D-Cloud than the profile alone.
Test of the method
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 26,972 companies, not a prediction for D-Cloud. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 31-03-2026 | 2026-00069148 | |
| 30-09-2024 | micro format | 28-03-2025 | 2025-00056570 | |
| 30-09-2023 | micro format | 22-03-2024 | 2024-00047477 | |
| 30-09-2022 | micro format | 23-03-2023 | 2023-00043622 | |
| 30-09-2021 | micro format | 25-03-2022 | 2022-08600435 | |
| 30-09-2020 | micro format | 23-03-2021 | 2021-08100292 | |
| 30-09-2019 | micro format | 24-03-2020 | 2020-07300584 | |
| 30-09-2018 | micro format | 27-03-2019 | 2019-08100008 |
Board & ownership
Directors
Directors
1 director
De Kesel Gertjan
Current
Director · listed in the 2025 annual accounts, filed on 31-03-2026
Owners and capital
Owners
Network & group
D-Cloud shares no director with another company.
Companies at the same address
4 other companiesConnections & network
1 current directorThe network starts from the directors of D-Cloud. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-03
micro format · 30 days before the deadline
2025
28-03
micro format · 33 days before the deadline
2024
22-03
micro format · 39 days before the deadline
2023
30-09
Financial
Highest result from 2019 to 2025net €31,238 ▲196%
The operating result of €47,990 and the net result of €31,238 are both a record.
30-09
Financial
Liquidity more than triplescurrent ratio 1.16
The current ratio rises from 0.36 to 1.16. Short-term debt falls from €138,662 to €65,171.
23-03
micro format · 38 days before the deadline
2022
30-09
Financial
Back to profitnet €10,554
The net result is €10,554, after 2 loss-making years.
25-03
micro format · 36 days before the deadline
2021
30-09
Financial
Weakest financial yearnet -€3,191
The net result drops to -€3,191, the lowest from 2019 to 2025. It recovers the following year.
30-09
Financial
Liquidity more than doubledcurrent ratio 2.01
The current ratio rises from 0.89 to 2.01. Short-term debt falls from €7,644 to €7,581.
23-03
micro format · 38 days before the deadline
2020
24-03
micro format · 37 days before the deadline
2019
27-03
micro format · 34 days before the deadline
2017
04-10
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
D-Cloud in Dutch
Enterprise number
0681.990.568
Legal form
Private limited company
Status
Active, normale toestand
Founded
02-10-2017
Entity type
Legal entity
Registered office and establishments
Registered office
Veldstraat 3, 9910 Aalter, Belgium
Establishment unit
D-Cloud, Veldstraat 3, 9910 Aalter since 02-10-2017 · unit number 2.269.028.750
Activities
NACEBEL 2025VAT activities
62200
Computer consultancy and computer facilities management main activity
46500
Wholesale of information and communication equipment
62100
Computer programming
Social security (RSZ) activities
62200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
VAT activities
62020
IT consultancy main activity
46510
Wholesale trade
62010
Computer programming, consultancy and related activities
Social security (RSZ) activities
62020
IT consultancy main activity
Invoicing and payment
VAT number
BE 0681.990.568
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Sites & property
Location
Buildings and parcels at the address
Ground area
912 m²
Building footprint
132 m²
Building volume
512 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44029A0857/00C000 | Flanders | 912 m² | 1 · 131 m² | 25.0 m · 1 |