Equity
-€29,379
Debts exceed assets in financial year 2025.
Deductive
Overview
Lifetime
4 annual accounts with figures on one time axispeak €79,287 (2024)
-€29,921▼ €109,208
lowest -€31,879 (2025)
-€31,879▼ €93,293
peak €101,384 (2024)
-€29,379▼ €130,763
€86,244▲ 146%
Board1 name since 2022
1 directorBRUYNDONCKX Raf
Documentsfilings and deeds
03-06-202658 days before the deadline
2025micro format
Gross margin from €79,287 to -€29,921Loss of €31,879Dividend €98,884Equity from €101,384 to -€29,379Debts from €35,073 to €86,244Cash from €109,340 to €38,845
Key points
from the 2025 annual accountsResult
-€31,879 -€31,879
From profit to loss in 2025, after a profit of €61,415 in 2024.
Debts
€86,244 152% of the balance sheet
Suppliers 0%Taxes and wages 19%Other 81%
Liquidity
0.54 was 3.55 in 2024
Short-term debts rose from €35,073 to €86,244.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 17 to 134 days before the end of the period.
Position in the sector
-51.7%
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 10% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged 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%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€29,379
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €56,865
Liquidity: current ratio 0.54, cash €38,845, halved
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 3% of them on solvency, 27% on liquidity, 5% on profitability and 2% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Deductive has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Deductive itself is lower: 0.3% within 12 months. It rests on far more data about Deductive than the profile alone.
Test of the method
The method was tested on the 497,447 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 7,639 companies, not a prediction for Deductive. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.54 (3.55 in 2024), below 1. Short-term debt is 151.7% and cash 68.3% of total assets. Equity is negative.
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
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€29,379
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 03-06-2026, 58 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
58 days early
2024
134 days early
2023
34 days early
2022
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 61 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0790583454
Incorporation
Founding capital of €2,500, 250 shares · Founder: BRUYNDONCKX Raf · Appointment: BRUYNDONCKX Raf (director) · published on 12-09-2022 · Gazette deed
First establishment
Nieuwstraat 104, Aarschot
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Deductive Aarschot | €56,865 | -€29,921 | -51.7% | - |
| Alaerts IT Aarschot | €56,769 | -€11,184 | 63.4% | - |
| CYBERJ Halle | €50,124 | -€15,287 | 25.6% | - |
| NOVILOSI Bierbeek | €65,689 | -€3,743 | -32.8% | - |
| OPEN STABILITY Kraainem | €50,182 | -€9,782 | 70.5% | - |
| T&G Consulting Brussels | €57,048 | -€20,124 | 10.7% | - |
| Buildby Zwevegem | €55,750 | -€3,302 | -24.8% | - |
These companies have the same main activity as Deductive: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €50,100 and €65,700, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 08-09-2022Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 4 others
- Establishment unit
- 2.335.459.5953200 Aarschot, since 08-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Annual accounts 2025
- -€29,921
- €31,879
- -€29,379
- €56,865▼ 58.3%
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Insights on Deductive
Deductive files the micro format. That format states no turnover. The gross margin fell from €17,765 in 2022 to -€29,921 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 03-06-2026, 58 days before the deadline-€29,921
▼ €109,208
-€31,824
▼ €108,942
-€31,879
▼ €93,293
-€40,065
▼ €129,434
-51.7%
▼ 126.0 percentage points
0.54
▼ 3.01
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €56,865 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-51.7%
Lower than 95% of 21,208 companies in 2025.
0.54
Higher than 7% of 20,571 companies in 2025.
-56.1%
Lower than 95% of 20,746 companies in 2025.
Deductive
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
56,865 | 136,457 | 81,191 | 26,501 | |
21/28 |
10,686 | 12,015 | 10,545 | - | |
22/27 |
686 | 2,015 | 545 | - | |
23 |
686 | 2,015 | 545 | - | |
28 |
10,000 | 10,000 | 10,000 | - | |
29/58 |
46,179 | 124,442 | 70,646 | 26,501 | |
40/41 |
34 | 14,826 | 8,978 | 12,391 | |
40 |
- | 14,826 | 8,978 | 12,391 | |
41 |
34 | - | - | - | |
54/58 |
38,845 | 109,340 | 61,598 | 14,110 | |
490/1 |
7,300 | 276 | 69 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
56,865 | 136,457 | 81,191 | 26,501 | |
10/15 |
-29,379 | 101,384 | 58,470 | 15,755 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | |
11 |
2,500 | 2,500 | 2,500 | 2,500 | |
1109/19 |
2,500 | 2,500 | 2,500 | 2,500 | |
13 |
- | 98,884 | 55,970 | 13,255 | |
133 |
- | 98,884 | 55,970 | 13,255 | |
14 |
-31,879 | - | - | - | |
17/49 |
86,244 | 35,073 | 22,721 | 10,746 | |
42/48 |
86,244 | 35,073 | 22,721 | 10,746 | |
44 |
351 | 448 | 491 | 914 | |
440/4 |
351 | 448 | 491 | 914 | |
45 |
16,123 | 34,502 | 20,761 | 8,341 | |
450/3 |
15,973 | 34,502 | 20,761 | 8,341 | |
454/9 |
150 | - | - | - | |
47/48 |
69,770 | 123 | 1,469 | 1,491 | |
| Income statement | |||||
9900 |
-29,921 | 79,287 | 55,311 | 17,765 | |
630 |
1,330 | 1,297 | 115 | - | |
640/8 |
573 | 872 | 65 | - | |
9901 |
-31,824 | 77,118 | 55,130 | 17,765 | |
75/76B |
207 | 286 | 72 | - | |
75 |
207 | 286 | 72 | - | |
65/66B |
97 | 125 | 79 | 21 | |
65 |
97 | 125 | 79 | 21 | |
9903 |
-31,713 | 77,279 | 55,123 | 17,744 | |
67/77 |
166 | 15,865 | 11,579 | 3,689 | |
9904 |
-31,879 | 61,415 | 43,545 | 14,055 | |
9905 |
-31,879 | 61,415 | 43,545 | 14,055 | |
| Appropriation of the result | |||||
9906 |
-31,879 | 61,415 | 43,545 | 14,055 | |
791/2 |
98,884 | 16,000 | - | - | |
691/2 |
- | 58,915 | 42,715 | 13,255 | |
6921 |
- | 58,915 | 42,715 | 13,255 | |
694/7 |
98,884 | 18,500 | 830 | 800 | |
694 |
98,884 | 18,500 | 830 | 800 | |
| Document | |||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 03-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -30,494 | 78,415 | 55,246 | - | ||
| -30,549 | 62,711 | 43,660 | - | ||
| 0 | 2,767 | 10,660 | - | ||
| -70,495 | 47,742 | 47,489 | - | ||
| -40,065 | 89,369 | 47,925 | 15,755 | ||
| -51.7% | 74.3% | 72.0% | 59.5% | ||
| 0.54 | 3.55 | 3.11 | 2.47 | ||
| - | 0.35 | 0.39 | 0.68 | ||
| - | 60.6% | 74.5% | 89.2% | ||
| -56.1% | 45.0% | 53.6% | 53.0% | ||
| -315.58 | over 100 | over 100 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,767 | €660 | - |
| Financial fixed assets | - | - | €10,000 | - |
| €1,330 | €1,297 | €115 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Deductive
The operating result for 2025 is a loss of €31,824, after a profit of €77,118 in 2024. It is the lowest result since 2022.
Equity is negative. Debt (€86,244) exceeds the balance-sheet total (€56,865).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 12-09-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 03-06-2026
Mandates through the years
1 name, the dashed line is todayBRUYNDONCKX Raf
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- BRUYNDONCKX Raf
- Director (not named in the articles), appointed by deed of 12-09-2022, still in office
Control
Capital
- Contribution
- €2,500
- Shares
- 250
- Contribution per share
- €10
- Equity per share
- -€118 in 2025
- Source
- deed of 12-09-2022
Articles of association
deed of 12-09-2022 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering bepaalt aantal,duur van opdracht en,indien meerdere bestuurders,bevoegdheid”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Thursday of June at 20:00
Shareholders
At incorporation
deed of 12-09-2022 ↗
- BRUYNDONCKX Raf 250 shares (100%) · €2,500
Network & group
No group
Deductive has no parent and no holdings in its annual accounts. BRUYNDONCKX Raf is the only director. Deductive shares no director with another company.
Timeline
Timeline
10 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 58 days before the deadline
2025
Weakest financial year net -€31,879 The net result drops to -€31,879, the lowest from 2022 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0790583454
Annual accounts 2024 filed PDFmicro format · 134 days before the deadline
2024
Highest result from 2022 to 2025 net €61,415 ▲41% The operating result of €77,118 and the net result of €61,415 are both a record.
Equity above €100,000 equity €101,384 ▲73.4% With a profit in every financial year since 2022, equity grows to €101,384.
Annual accounts 2023 filed PDFmicro format · 34 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 17 days before the deadline
2022
IncorporationFounding capital of €2,500, 250 shares · Founder: BRUYNDONCKX Raf · Appointment: BRUYNDONCKX Raf (director) · published on 12-09-20224 points ▸
- Founder, BRUYNDONCKX Raf
- Registered office clause, Nieuwstraat 104, 3200 Aarschot
- Director appointment, BRUYNDONCKX Raf (director (not named in the articles))
- Founding capital, €2,500, 250 shares
- The deed holds 5 more points.
First establishment Nieuwstraat 104, Aarschot
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Deductive was incorporated on 8 September 2022 as a private limited company by one natural person, with a starting capital of €2,500.12 BRUYNDONCKX Raf is director of the company, appointed by deed of 12-09-2022.2 Total assets rose from €26,501 in 2022 to €56,865 in 2025.3
Company details
Identity
- Enterprise number
- 0790.583.454
- VAT number
- BE 0790.583.454
- Peppol ID
- 0208:0790583454
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-09-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Thursday of June at 20:00deed of 12-09-2022 (in Dutch)
- Peppol
- Reachable since 16-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Deductive in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62100
Computer programming
Codes under NACEBEL 2008
62020
IT consultancy main activity
62010
Computer programming, consultancy and related activities
62030
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
63990
Computing infrastructure, data processing, hosting and other information service activities
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Nieuwstraat 104 registered office 3200 Aarschot | 08-09-2022 | 2.335.459.595 |
Buildings and parcels at the address
- Ground area
- 59 m²
- Buildings
- 59 m²
- Volume, LiDAR
- 406 m³
- Tallest building
- 10.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24662H0560/00L000 | 59 m² | 1 · 59 m² | 10.7 m · 2 |