Equity
Equity fell by 71% in 17 years.
Equity fell by 71% in 17 years.
Every financial year from 2021 to 2025 closed with a loss. 2025 was the heaviest.
Of this, €90,676 falls due within a year.
Green is investment, beige is depreciation.
Between 2007 and 2025, 96% of the full-time equivalents disappeared.
Three of the last ten came late. The 2025 accounts came latest: 31 days after the end of the period.
The dashed line is the sector median: 0.1% across 1,282 companies (NACE 58, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 58, micro). It does better than 33% of them on solvency, 25% on liquidity, 20% on profitability and 19% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 2,450 companies had the same profile as Done-it International has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Done-it International itself: 1.1% within 12 months.
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 2,450 companies, not a prediction for Done-it International. 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.
Liquidity is insufficient, with a current ratio of 0.57, below 1. Short-term debt is 31.9% and cash 2.3% of total assets. 79.5% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Done-it International Antwerp | €283,871 | €60,633 | 20.5% | 1 |
| ELECTRONIC HEALTHCARE INFORMATION MANAGEMENT SOLUTIONS Lier | €703,983 | €68,944 | 26.2% | 0.5 |
| COBOSYSTEMS Ixelles | €554,421 | €123,557 | 77.1% | 1 |
| SYSMEDIT Sprimont | €509,435 | €101,708 | 21.3% | 0 |
| 2M2 Antwerp | €306,359 | €61,420 | 96.9% | - |
| ITWISE Kapellen | €257,515 | €84,956 | 75.2% | - |
| Stonefish Antwerp | €351,061 | €84,706 | -8.4% | - |
These companies have the same main activity as Done-it International: other software publishing (NACE 58290). They are comparable in size and age: total assets between €258,000 and €704,000, founded between 1989 and 2006.
Done-it International files the abbreviated format. That format states no turnover. The gross margin fell from €684,159 in 2006 to €60,633 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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