Equity
Equity fell by 87% in 4 years.
Equity fell by 87% in 4 years.
The micro format states no turnover.
Green is investment, beige is depreciation.
The 2022 accounts came latest: 36 days after the end of the period.
Less equity than 81% of companies in computer programming and consultancy. Sector median €68,850 · 22,046 companies.
In July 2024, 6,712 companies had the same profile as Data unchained has now. Each dot stands for 17 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,712 companies, not a prediction for Data unchained. 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.
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.
| Company | ||||
|---|---|---|---|---|
| Data unchained Tubize | €68,403 | €65,593 | 17.1% | - |
| FINEST VENTURES Waterloo | €62,064 | €61,178 | 2.9% | - |
| Martel IT Consulting Walhain | €64,064 | €72,147 | 7.8% | - |
| Portola Partners Tervuren | €68,395 | €66,431 | 97.7% | - |
| UNBLOCKED Aalst | €66,880 | €66,388 | 13.2% | - |
| SMP CONSULTING Brussels | €70,320 | €60,571 | 29.1% | - |
| IsaCon Malle | €74,477 | €64,178 | 70.8% | - |
These companies have the same main activity as Data unchained: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €62,100 and €74,500, founded between 2018 and 2020.
Data unchained files the micro format. That format states no turnover. The gross margin rose from €20,533 in 2019 to €65,593 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €110,000 and €160,000.
Higher than 19% of 22,039 companies in 2025.
Higher than 24% of 21,339 companies in 2025.
Higher than 94% of 21,530 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
68,403 | 76,696 | 129,403 | 94,207 | 106,146 | 66,981 | 33,468 | |
21/28 |
3,075 | 2,300 | 3,315 | 2,270 | 682 | 1,075 | - | |
22/27 |
1,875 | 1,100 | 2,115 | 2,270 | 682 | 1,075 | - | |
23 |
260 | 658 | 1,056 | - | - | - | - | |
24 |
1,615 | 442 | 1,059 | 2,270 | 682 | 1,075 | - | |
28 |
1,200 | 1,200 | 1,200 | - | - | - | - | |
29/58 |
65,328 | 74,396 | 126,088 | 91,937 | 105,464 | 65,906 | 33,468 | |
40/41 |
29,040 | 38,002 | 36,191 | 15,101 | 27,973 | 1,380 | 21,655 | |
40 |
29,040 | 35,814 | 33,999 | 15,101 | 27,951 | - | 19,675 | |
41 |
- | 2,188 | 2,192 | - | 22 | 1,380 | 1,980 | |
54/58 |
33,809 | 36,066 | 86,424 | 76,836 | 77,466 | 63,422 | 10,074 | |
490/1 |
2,480 | 328 | 3,473 | - | 25 | 1,104 | 1,739 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
68,403 | 76,696 | 129,403 | 94,207 | 106,146 | 66,981 | 33,468 | |
10/15 |
11,723 | 12,349 | 11,735 | 63,070 | 91,803 | 50,150 | 25,152 | |
10/11 |
- | - | - | - | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | - | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | |
14 |
9,863 | 10,489 | 9,875 | 61,210 | 77,543 | 35,890 | 10,892 | |
17/49 |
56,681 | 64,347 | 117,668 | 31,137 | 14,343 | 16,831 | 8,316 | |
42/48 |
56,681 | 64,347 | 114,203 | 27,672 | 14,343 | 16,831 | 7,476 | |
44 |
3,512 | 11,430 | 246 | 2,550 | 479 | 501 | 361 | |
440/4 |
3,512 | 11,430 | 246 | 2,550 | 479 | 501 | 361 | |
45 |
12,929 | 11,983 | 26,002 | 24,531 | 13,583 | 12,681 | 6,775 | |
450/3 |
12,616 | 11,983 | 21,556 | 20,314 | 9,490 | 12,681 | 4,181 | |
454/9 |
313 | - | 4,447 | 4,217 | 4,092 | - | 2,594 | |
47/48 |
40,239 | 40,934 | 87,955 | 591 | 281 | 3,649 | 341 | |
492/3 |
- | - | 3,465 | 3,465 | - | - | 840 | |
| Income statement | ||||||||
9900 |
65,593 | 67,094 | 51,166 | 46,731 | 55,004 | 34,646 | 20,533 | |
630 |
924 | 1,015 | 1,153 | 588 | 393 | 105 | 2,001 | |
640/8 |
484 | 967 | 139 | 1,272 | 585 | 724 | 1,387 | |
9901 |
64,184 | 65,112 | 49,873 | 44,871 | 54,026 | 33,817 | 17,145 | |
75/76B |
- | 10 | 0 | 0 | 0 | - | - | |
75 |
- | 10 | 0 | 0 | 0 | - | - | |
65/66B |
841 | 3,552 | 1,979 | 261 | 377 | 319 | 212 | |
65 |
841 | 3,552 | 1,979 | 261 | 377 | 319 | 212 | |
9903 |
63,343 | 61,570 | 47,895 | 44,611 | 53,649 | 33,498 | 16,933 | |
67/77 |
16,787 | 12,956 | 9,230 | 10,944 | 11,996 | 8,500 | 4,181 | |
9904 |
46,556 | 48,614 | 38,665 | 33,667 | 41,653 | 24,998 | 12,752 | |
9905 |
46,556 | 48,614 | 38,665 | 33,667 | 41,653 | 24,998 | 12,752 | |
| Appropriation of the result | ||||||||
9906 |
57,045 | 58,489 | 99,875 | 111,210 | 77,543 | 35,890 | 12,752 | |
14P |
10,489 | 9,875 | 61,210 | 77,543 | 35,890 | - | - | |
691/2 |
- | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 1,860 | |
694/7 |
47,183 | 48,000 | 90,000 | 50,000 | - | - | - | |
694 |
47,183 | 48,000 | 90,000 | 50,000 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00197418 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00223329 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00396542 | |
| 31-12-2022 | micro format | 05-09-2023 | 2023-00433245 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20077450 | |
| 31-12-2020 | micro format | 18-06-2021 | 2021-21700293 | |
| 31-12-2019 | micro format | 18-08-2020 | 2020-42000212 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 65,108 | 66,127 | 51,027 | 45,459 | 54,419 | 33,922 | 19,146 | ||
| 47,481 | 49,629 | 39,818 | 34,255 | 42,046 | 25,103 | 14,753 | ||
| 1,699 | 0 | 2,198 | 2,176 | 0 | 1,180 | 2,001 | ||
| -2,257 | -50,358 | 9,588 | -631 | 14,045 | 53,348 | - | ||
| 8,647 | 10,048 | 11,885 | 64,265 | 91,121 | 49,075 | 25,992 | ||
| 17.1% | 16.1% | 9.1% | 66.9% | 86.5% | 74.9% | 75.2% | ||
| 1.15 | 1.16 | 1.10 | 3.32 | 7.35 | 3.92 | 4.48 | ||
| 4.84 | 5.21 | 10.03 | 0.49 | 0.16 | 0.34 | 0.33 | ||
| 397.2% | 393.7% | 329.5% | 53.4% | 45.4% | 49.8% | 50.7% | ||
| 68.1% | 63.4% | 29.9% | 35.7% | 39.2% | 37.3% | 38.1% | ||
| 77.45 | 18.62 | 25.78 | over 100 | over 100 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,699 | - | €998 | €2,176 | - |
| Financial fixed assets | - | - | €1,200 | - | - |
| €924 | €1,015 | €1,153 | €588 | €393 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 1% lower than in 2024.
Debt's share of the balance-sheet total falls from 83.9% to 82.9%. Equity and debt are lower.
Data unchained has no parent and no holdings in its annual accounts. is the only director. Data unchained shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Boscalet 20 registered office 1480 Tubize | ||
| Bretagnestraat 17 1200 Woluwe-Saint-Lambert | 30-01-2019 | 2.285.728.784 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21018A0151/00K000 | Brussels | 4,882 m² | 1 · 1,796 m² | 23.2 m · 6 |
| 25105C0198/00X005 | Wallonia | 525 m² | 1 · 88 m² | 8.5 m · 2 |
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