Define IT
ActiveSummary
Define IT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,600 and a net result of €52,916. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 17220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+3
Solvency39▲+23
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.98 in 2024; short-term debt: 84.1% and cash: 72.1% of total assets), and 86.3% of the assets are financed with debt.
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Signals
Four 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 →
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
13.7%
Return on assets
38.8%
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 17% of 17220 sector peers (2025).
NBB · sector comparisonPosition among 17220 sector peers
Solvency
better than 17%
← 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 26-05-2026, 66 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
66 d early
2024
31 d early
2023
26 d early
2022
67 d early
2021
6 d early
2020
26 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before 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 (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. Usually files around 30 June (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€18,600
2024 · -€4,442
Total assets
€136,235▲ 166%
2024 · €51,154
Net result
€52,916▲ 108,001%
2024 · €49
Working capital
€18,703
2024 · -€768
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,641▼ 16.3%€52,507▲ 3.7%€25,029▼ 52.3%€445▼ 98.2%€102,759▲ 22,975%
Net result€13,096within the sector's middle half▼ 48.0%€7,945within the sector's middle half▼ 39.3%-€23,091below the sector's middle half€49below the sector's middle half€52,916within the sector's middle half▲ 108,001%
Equity€91,445within the sector's middle half▲ 16.7%€99,390within the sector's middle half▲ 8.7%-€4,491below the sector's middle half-€4,442below the sector's middle half▲ 1.1%€18,600below the sector's middle half
Total assets€127,079within the sector's middle half▲ 24.7%€202,473within the sector's middle half▲ 59.3%€84,516within the sector's middle half▼ 58.3%€51,154below the sector's middle half▼ 39.5%€136,235within the sector's middle half▲ 166%
Debt€35,634▲ 51.0%€103,083▲ 189%€89,007▼ 13.7%€55,596▼ 37.5%€117,635▲ 112%
Working capital€88,607within the sector's middle half▲ 22.2%€86,822within the sector's middle half▼ 2.0%-€8,115below the sector's middle half-€768below the sector's middle half▲ 90.5%€18,703within the sector's middle half
Solvency72.0%within the sector's middle half▼ 4.9pp49.1%within the sector's middle half▼ 22.9pp-5.3%below the sector's middle half▼ 54.4pp-8.7%below the sector's middle half▼ 3.4pp13.7%below the sector's middle half▲ 22.3pp
Current ratio3.49within the sector's middle half▼ 0.592.28within the sector's middle half▼ 1.210.87below the sector's middle half▼ 1.410.98below the sector's middle half▲ 0.111.16below the sector's middle half▲ 0.18
Return on assets (ROA)10.3%within the sector's middle half▼ 14.4pp3.9%within the sector's middle half▼ 6.4pp-27.3%below the sector's middle half▼ 31.2pp0.1%below the sector's middle half▲ 27.4pp38.8%above the sector's middle half▲ 38.7pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 22,975% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136,235
Fixed assets
€2,964 ▼ 70.5%
Current assets
€133,271 ▲ 224%
Equity and liabilities €136,235
Equity
€18,600
Debt
€117,635
Debt finances 86.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€109,833▲
2024 · €21,882
Cash flow
€59,990▲
2024 · €21,486
Debt to equity
6.32▲
2024 · -12.52
ROE
284.5%
Interest coverage
2.64▼
2024 · 55.21
Debt ≤ 1 year
€114,568▲
2024 · €41,884
Debt > 1 year
€2,756▼
2024 · €13,711
Income taxes
€8,242
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,053 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,007 | €16,322 | €20,826 | €21,437 | €7,074 | ▼ 67.0% |
| Other operating charges640/8 | €835 | €491 | €448 | €417 | €400 | ▼ 4.2% |
| Gross operating margin9900 | €54,482 | €69,320 | €46,303 | €22,300 | €110,233 | ▲ 394% |
| Operating profit (loss)9901 | €50,641 | €52,507 | €25,029 | €445 | €102,759 | ▲ 22,975% |
| Financial income75/76B | €2 | €6 | - | - | €1 | - |
| Recurring financial income75 | €2 | €6 | - | - | €1 | - |
| Financial charges65/66B | €32,626 | €43,340 | €47,954 | €396 | €41,601 | ▲ 10,395% |
| Recurring financial charges65 | €32,626 | €43,340 | €47,954 | €396 | €41,601 | ▲ 10,395% |
| Profit (loss) for the period before taxes9903 | €18,016 | €9,173 | -€22,925 | €49 | €61,158 | ▲ 124,840% |
| Income taxes67/77 | €4,920 | €1,228 | €166 | - | €8,242 | - |
| Profit (loss) for the period9904 | €13,096 | €7,945 | -€23,091 | €49 | €52,916 | ▲ 108,001% |
| Profit (loss) for the period to be appropriated9905 | €13,096 | €7,945 | -€23,091 | €49 | €52,916 | ▲ 108,001% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,079 | €202,473 | €84,516 | €51,154 | €136,235 | ▲ 166% |
| Fixed assets21/28 | €2,838 | €47,870 | €28,184 | €10,038 | €2,964 | ▼ 70.5% |
| Tangible fixed assets22/27 | €2,838 | €47,870 | €28,184 | €10,038 | €2,964 | ▼ 70.5% |
| Plant, machinery and equipment23 | - | €4,590 | €3,537 | €2,483 | €1,430 | ▼ 42.4% |
| Furniture and vehicles24 | €2,838 | €43,280 | €24,647 | €7,555 | €1,534 | ▼ 79.7% |
| Current assets29/58 | €124,241 | €154,603 | €56,333 | €41,116 | €133,271 | ▲ 224% |
| Amounts receivable within one year40/41 | €19,147 | €27,482 | €21,013 | €26,268 | €33,678 | ▲ 28.2% |
| Trade receivables40 | €19,147 | €20,710 | €13,179 | €10,434 | €33,678 | ▲ 223% |
| Other amounts receivable41 | - | €6,772 | €7,834 | €15,834 | - | - |
| Cash at bank and in hand54/58 | €103,575 | €126,084 | €34,079 | €13,574 | €98,287 | ▲ 624% |
| Deferred charges and accrued income490/1 | €1,519 | €1,037 | €1,240 | €1,274 | €1,306 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,079 | €202,473 | €84,516 | €51,154 | €136,235 | ▲ 166% |
| Equity10/15 | €91,445 | €99,390 | -€4,491 | -€4,442 | €18,600 | ▲ 519% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72,845 | €80,790 | - | - | - | - |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €70,985 | €80,790 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | -€23,091 | -€23,042 | - | - |
| Amounts payable17/49 | €35,634 | €103,083 | €89,007 | €55,596 | €117,635 | ▲ 112% |
| Amounts payable after more than one year17 | - | €35,302 | €24,560 | €13,711 | €2,756 | ▼ 79.9% |
| Financial debts170/4 | - | €35,302 | €24,560 | €13,711 | €2,756 | ▼ 79.9% |
| Amounts payable within one year42/48 | €35,634 | €67,782 | €64,448 | €41,884 | €114,568 | ▲ 174% |
| Current portion of amounts payable after more than one year42 | - | €11,557 | €11,624 | €10,848 | €10,956 | ▲ 1.0% |
| Trade debts44 | €1,739 | €3,948 | €5,816 | €1,576 | €5,516 | ▲ 250% |
| Suppliers440/4 | €1,739 | €3,948 | €5,816 | €1,576 | €5,516 | ▲ 250% |
| Taxes, remuneration and social security45 | €11,342 | €7,763 | €8,852 | €3,258 | €4,061 | ▲ 24.7% |
| Taxes450/3 | €7,708 | €2,594 | €6,530 | €882 | €4,061 | ▲ 360% |
| Remuneration and social security454/9 | €3,634 | €5,169 | €2,322 | €2,376 | - | - |
| Other amounts payable47/48 | €22,553 | €44,514 | €38,155 | €26,202 | €94,035 | ▲ 259% |
| Accrued charges and deferred income492/3 | - | - | - | - | €311 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,096 | €7,945 | -€23,091 | €49 | €52,916 | ▲ 108,001% |
| + Depreciation and write-downs630 | €3,007 | €16,322 | €20,826 | €21,437 | €7,074 | ▼ 67.0% |
| Operating cash flow (approximation) | €16,104 | €24,267 | -€2,265 | €21,486 | €59,990 | ▲ 179% |
| Investment in fixed assets (approximation) | - | -€61,354 | -€1,140 | -€3,291 | €0 | ▲ 100% |
| Change in cash | - | €22,509 | -€92,005 | -€20,505 | €84,712 | ▲ 513% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €52,916 ▲108,001%
Operating result €102,759, net result €52,916, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €49
Net result €49 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€23,091
Net result drops to -€23,091, the lowest in the series; recovery starts the following year.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Leuven · 1 establishment unit since 2016
Ground area
372 m²
Building footprint
83 m²
Volume, LiDAR
863 m³
Parcel 24482F0194/00M015, Flanders · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Define IT
since 20162.252.929.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24482F0194/00M015 | Flanders | 372 m² | 1 · 83 m² | 12.5 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,155 EUR awarded · 1,155 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 675 EUR | 675 EUR |
| 2024 | 1 | 480 EUR | 480 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
254900SV0IOYIUWG6E04
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Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 5,684 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
Founded10-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0653896301
Also
9925:BE0653896301
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.