Turnover
≈ €25,000 estimated
The micro format states no turnover.
E-TORCH
Lifetime
1 annual account with figurespeak €4,660 (2025)
€4,660
peak €2,947 (2025)
€2,947
peak €57,926 (2025)
€57,926
€23,539
Board3 names since 2025
3 directorsBERGHS Martijn and 2 others
Owners
45%TBEM
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Capital contribution of €49,978.89 18-12Incorporation 04-031 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€5,000 100 shares
Public support
€50,000 awarded in 2025
Flemish support: Innovatieve starterssteun.
Checked score
96
Excellent
Financially stronger than 64% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2026: 0.4%
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 39.11, cash €74,417
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €81,465
Equity €57,926 (71.1% of total assets)
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 64% of them on solvency, 96% on liquidity and 32% on profitability.
The bankruptcy probability was computed on 09-11-2026 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, 185 companies had the same profile as E-TORCH has now. Each dot is one company, two years later.
98.9%
were still trading
0.5%
stopped another way
0.5%
went bankrupt
That fits the bankruptcy probability of E-TORCH itself: < 0.1% within 12 months.
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 185 companies, not a prediction for E-TORCH. 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
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 39.11, above the usual 1.5. Short-term debt is 2.4% and cash 91.3% of total assets. 28.9% of the assets are financed with debt and provisions.
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 · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 10-07-2026, 21 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
21 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- TBEM 45%equity €2,058 (2026) · 30-06-2026 annual accounts of TBEM
- imec.istart Fundscore 56equity €1.2m (2025) · deed of 18-12-2025
Recent changes
Capital contribution of €49,978.89
Contribution: IMEC.ISTART FUND · 6,383 new shares · DENRUYTER Steven holds 10 shares · General meeting of 10-12-2025 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founders: TBEM, EVENT-IT Solutions and DENRUYTER Steven · Appointments: BERGHS Martijn, DENRUYTER Steven and VAN DEN BOSCH Tim · published on 04-03-2025 · Gazette deed
First establishment
Torenstraat 78, Glabbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| E-TORCH Glabbeek | €81,465 | €4,660 | 71.1% | - |
| NEOTEQ IT Lontzen | €105,656 | €4,917 | 5.4% | - |
| AIROBI Zemst | €96,835 | €4,222 | 10.5% | - |
| Brightapps Zottegem | €60,277 | €7,799 | 17.3% | - |
| TreeBridgeMosaic Brussels | €59,726 | €4,198 | 58.5% | - |
| Disso Security Antwerp | €82,211 | €9,025 | 93.1% | - |
| SCONO Nivelles | €79,888 | €8,507 | 8.1% | - |
These companies have the same main activity as E-TORCH: computer programming (NACE 62100). They are comparable in size and age: total assets between €59,700 and €106,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 28-02-2025Normal situation
- Activity
- Computer programmingNACE 62100
- Establishment unit
- 2.370.895.5763384 Glabbeek, since 28-02-2025
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €81,465
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on E-TORCH
E-TORCH has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,926 and a net result of €2,947.
Its solvency ranks better than 63% of 21,206 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about E-TORCH
- What is the company number of E-TORCH?
- The company number of E-TORCH is 1020.569.662. The VAT number is the same number with BE in front: BE 1020.569.662.
- Where is E-TORCH based?
- The registered office is at Torenstraat 78, 3384 Glabbeek.Company details
- What does E-TORCH do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of E-TORCH?
- E-TORCH is a private limited company (BV).
- When was E-TORCH founded?
- E-TORCH was founded on 28-02-2025.
- Is E-TORCH still active?
- Yes, E-TORCH is an active enterprise in the KBO register.
- What is the turnover of E-TORCH?
- The turnover in financial year 2025 is ≈ €25,000. This figure is estimated from the gross margin of €4,660 and 53 comparable companies (NACE 62100). It probably lies between €13,000 and €49,000. It is a rough estimate.Financials
- Is E-TORCH profitable?
- In financial year 2025, E-TORCH made a profit of €2,947.
- Where can I find the annual accounts of E-TORCH?
- E-TORCH filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.