Equity
Equity fell by 93% in 2 years.
Equity fell by 93% in 2 years.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Lower net result than 95% of companies in computer programming and consultancy. Sector median €28,574 · 21,192 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.1% across 25,923 companies (NACE 62, micro).
About 2 in 1,000 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 62, micro). It does better than 42% of them on solvency, 16% on liquidity, 5% on profitability and 7% on growth.
The bankruptcy probability was computed on 05-11-2026 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).
In July 2024, 3,591 companies had the same profile as DotDev has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DotDev itself is lower: 0.2% within 12 months. It rests on far more data about DotDev than the profile alone.
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 3,591 companies, not a prediction for DotDev. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.69 (5.76 in 2024), above the usual 1.5. Short-term debt is 36.6% and cash 4.1% of total assets. However, 51% 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 5 accounts on average 2 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.
| Company | ||||
|---|---|---|---|---|
| DotDev Tervuren | €17,877 | -€49,504 | 49.0% | - |
| REMIX IT Sint-Pieters-Leeuw | €19,057 | -€757 | 75.3% | - |
| COMPRSA EUROPE Leuven | €18,957 | -€13,139 | -465.4% | - |
| AHAVEN Aarschot | €21,052 | -€2,974 | 19.7% | - |
| DG42 Anderlecht | €17,533 | -€39,254 | -100.6% | - |
| EasyCode Maasmechelen | €17,915 | -€22,047 | -165.8% | - |
| Saltech Sint-Niklaas | €17,906 | -€161 | 53.4% | - |
These companies have the same main activity as DotDev: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €17,500 and €21,100, founded between 2020 and 2021.
DotDev files the micro format. That format states no turnover. The gross margin fell from €102,677 in 2021 to -€49,504 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.
Higher than 40% of 21,186 companies in 2025.
Higher than 54% of 20,549 companies in 2025.
Lower than 95% of 20,725 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
17,877 | 75,314 | 141,240 | 131,072 | 106,463 | |
21/28 |
282 | 1,547 | 3,297 | 2,169 | 6,640 | |
22/27 |
282 | 1,547 | 3,297 | 2,169 | 6,640 | |
24 |
282 | 1,547 | 3,297 | 2,169 | 6,640 | |
29/58 |
17,595 | 73,767 | 137,943 | 128,903 | 99,823 | |
40/41 |
5,935 | 6,328 | - | 6,977 | 13,915 | |
40 |
63 | 63 | - | - | 13,915 | |
41 |
5,872 | 6,265 | - | 6,977 | - | |
50/53 |
10,920 | 10,920 | 9,534 | 7,098 | - | |
54/58 |
740 | 55,954 | 128,403 | 114,828 | 85,908 | |
490/1 |
- | 565 | 6 | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
17,877 | 75,314 | 141,240 | 131,072 | 106,463 | |
10/15 |
8,761 | 59,929 | 118,756 | 94,900 | 76,600 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
14 |
7,761 | 58,929 | 117,756 | 93,900 | 75,600 | |
17/49 |
9,116 | 15,385 | 22,484 | 36,172 | 29,863 | |
42/48 |
6,540 | 12,809 | 22,484 | 35,452 | 29,863 | |
44 |
193 | 1,844 | 2,870 | 2,267 | 1,419 | |
440/4 |
193 | 1,844 | 2,870 | 2,267 | 1,419 | |
45 |
2,601 | 4,579 | 18,753 | 33,185 | 27,543 | |
450/3 |
2,601 | 4,579 | 18,753 | 33,185 | 27,543 | |
47/48 |
3,746 | 6,386 | 861 | - | 901 | |
492/3 |
2,576 | 2,576 | - | 720 | - | |
| Income statement | ||||||
9900 |
-49,504 | -44,531 | 32,460 | 31,860 | 102,677 | |
630 |
1,266 | 1,750 | 1,671 | 6,920 | 6,847 | |
640/8 |
185 | 566 | 554 | 858 | 671 | |
9901 |
-50,955 | -46,847 | 30,235 | 24,082 | 95,159 | |
75/76B |
- | - | - | 1 | - | |
75 |
- | - | - | 1 | - | |
65/66B |
72 | 87 | 55 | 47 | 199 | |
65 |
72 | 87 | 55 | 47 | 199 | |
9903 |
-51,027 | -46,934 | 30,180 | 24,036 | 94,960 | |
67/77 |
141 | 128 | 6,324 | 5,736 | 19,360 | |
9904 |
-51,168 | -47,062 | 23,856 | 18,300 | 75,600 | |
9905 |
-51,168 | -47,062 | 23,856 | 18,300 | 75,600 | |
| Appropriation of the result | ||||||
9906 |
7,761 | 70,694 | 117,756 | 93,900 | 75,600 | |
14P |
58,929 | 117,756 | 93,900 | 75,600 | - | |
694/7 |
- | 11,765 | - | - | - | |
694 |
- | 11,765 | - | - | - | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00259482 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00321530 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00358818 | |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00201880 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20305931 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| -49,689 | -45,097 | 31,906 | 31,002 | 102,006 | ||
| -49,902 | -45,312 | 25,527 | 25,220 | 82,447 | ||
| 1 | 0 | 2,799 | 2,449 | 13,487 | ||
| -55,214 | -72,449 | 13,575 | 28,920 | - | ||
| 11,055 | 60,958 | 115,459 | 93,451 | 69,960 | ||
| 49.0% | 79.6% | 84.1% | 72.4% | 71.9% | ||
| 2.69 | 5.76 | 6.14 | 3.64 | 3.34 | ||
| 1.04 | 0.26 | 0.19 | 0.38 | 0.39 | ||
| -584.0% | -78.5% | 20.1% | 19.3% | 98.7% | ||
| -286.2% | -62.5% | 16.9% | 14.0% | 71.0% | ||
| -690.13 | -518.36 | over 100 | 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 | - | - | €2,799 | €2,449 | €13,487 |
| €1,266 | €1,750 | €1,671 | €6,920 | €6,847 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €50,955, larger than the loss of €46,847 in 2024. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 20.4% to 51.0%. Equity and debt are lower.
DotDev has no parent and no holdings in its annual accounts. Mathias Appelmans is the only director. DotDev 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 |
|---|---|---|
| Kivubinnenhof 5 registered office 3080 Tervuren | ||
| Koningin Astridlaan 321 1950 Kraainem | 16-06-2020 | 2.303.612.121 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24104C0109/00W009 | 303 m² | 1 · 119 m² | 6.1 m · 1 |
| 22002B0095/00N030 | 170 m² | 1 · 76 m² | 13.6 m · 4 |
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