Equity
EBSec Technology paid out €30,603 in dividends. That is 83% of the 2025 profit.
EBSec Technology paid out €30,603 in dividends. That is 83% of the 2025 profit.
The micro format states no turnover.
Higher solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,206 companies.
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).
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 85% of them on solvency, 96% on liquidity, 60% on profitability and 49% on growth.
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).
In July 2024, 26,972 companies had the same profile as EBSec Technology has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EBSec Technology itself is lower: < 0.1% within 12 months. It rests on far more data about EBSec Technology 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 26,972 companies, not a prediction for EBSec Technology. 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.
Short-term debt is 1% and cash 99.2% of total assets. 1% 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 33 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 | ||||
|---|---|---|---|---|
| EBSec Technology Ghent | €158,010 | €51,526 | 99.0% | - |
| Mari/o Consulting Waasmunster | €149,073 | €47,199 | 48.5% | - |
| GOOD IT Denderleeuw | €188,781 | €53,070 | 71.8% | - |
| Limoni Apps Nazareth-De Pinte | €199,373 | €50,642 | 4.8% | - |
| DSRT AUTOMOTIVE CONSULTING Namur | €165,279 | €51,102 | 43.4% | - |
| Linxer Harelbeke | €164,080 | €53,023 | 88.6% | - |
| INGENS Schaerbeek | €157,125 | €50,245 | 82.7% | - |
These companies have the same main activity as EBSec Technology: computer programming (NACE 62100). They are comparable in size and age: total assets between €149,000 and €199,000, founded between 2020 and 2021.
EBSec Technology files the micro format. That format states no turnover. The gross margin rose from €25,798 in 2021 to €51,526 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. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €100,000 and €150,000.
Higher than 95% of 21,206 companies in 2025.
Higher than 91% of 19,921 companies in 2024.
Higher than 58% of 20,744 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
158,010 | 163,236 | 125,265 | 76,750 | 30,827 | |
29/58 |
158,010 | 163,236 | 125,265 | 76,750 | 30,827 | |
29 |
- | 26,013 | 10,378 | 10,125 | - | |
291 |
- | 26,013 | 10,378 | 10,125 | - | |
40/41 |
1,322 | 638 | 575 | 620 | 293 | |
40 |
196 | - | - | - | - | |
41 |
1,126 | 638 | 575 | 620 | 293 | |
54/58 |
156,687 | 136,586 | 114,312 | 66,006 | 30,534 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
158,010 | 163,236 | 125,265 | 76,750 | 30,827 | |
10/15 |
156,437 | 150,171 | 103,229 | 60,524 | 22,153 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
13 |
154,437 | 148,171 | 101,229 | 58,524 | 20,153 | |
133 |
154,437 | 148,171 | 101,229 | 58,524 | 20,153 | |
17/49 |
1,572 | 13,065 | 22,036 | 16,227 | 8,674 | |
42/48 |
1,572 | 13,065 | 22,036 | 16,227 | 8,674 | |
44 |
18 | - | - | - | 661 | |
440/4 |
18 | - | - | - | 661 | |
46 |
179 | - | - | - | - | |
45 |
900 | 12,904 | 21,317 | 15,551 | 5,938 | |
450/3 |
900 | 12,904 | 21,317 | 15,551 | 5,938 | |
47/48 |
476 | 162 | 720 | 675 | 2,075 | |
| Income statement | ||||||
9900 |
51,526 | 58,750 | 53,457 | 47,958 | 25,798 | |
640/8 |
610 | 592 | 132 | 57 | 560 | |
9901 |
50,917 | 58,158 | 53,325 | 47,901 | 25,238 | |
75/76B |
- | 634 | 253 | 125 | - | |
75 |
- | 634 | 253 | 125 | - | |
65/66B |
1,681 | 39 | 69 | 42 | 46 | |
65 |
1,681 | 39 | 69 | 42 | 46 | |
9903 |
49,236 | 58,753 | 53,509 | 47,984 | 25,192 | |
67/77 |
12,367 | 11,812 | 10,804 | 9,613 | 5,038 | |
9904 |
36,869 | 46,942 | 42,705 | 38,371 | 20,153 | |
9905 |
36,869 | 46,942 | 42,705 | 38,371 | 20,153 | |
| Appropriation of the result | ||||||
9906 |
36,869 | 46,942 | 42,705 | 38,371 | 20,153 | |
791/2 |
30,603 | - | - | - | - | |
691/2 |
36,869 | 46,942 | 42,705 | 38,371 | 20,153 | |
6921 |
36,869 | 46,942 | 42,705 | 38,371 | 20,153 | |
694/7 |
30,603 | - | - | - | - | |
694 |
30,603 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00252612 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00199266 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00183508 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00187281 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20088703 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 20,102 | 22,274 | 48,306 | 35,471 | - | ||
| 156,437 | 150,171 | 103,229 | 60,524 | 22,153 | ||
| 99.0% | 92.0% | 82.4% | 78.9% | 71.9% | ||
| - | 12.49 | 5.68 | 4.73 | 3.55 | ||
| 0.01 | 0.09 | 0.21 | 0.27 | 0.39 | ||
| 23.6% | 31.3% | 41.4% | 63.4% | 91.0% | ||
| 23.3% | 28.8% | 34.1% | 50.0% | 65.4% |
A ratio outside any meaningful range has been withheld (balance sheet total €158,010, equity €156,437).
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.
The operating result for 2025 is 12% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 8.0% to 1.0%. Equity is higher and debt is lower.
EBSec Technology has no parent and no holdings in its annual accounts. dos Santos Barretto, Eduardo is the only director. EBSec Technology shares no director with another company.
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| VAARWATER
registered office since 03-06-1997 |
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| Verbond van Brood Banketbakkersbazen van het Arrondissement Gent
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founded in 1965 0409.683.755 |
| Ncmv Nationaal Christelijk Middenstandsverbond Gewest Gent
registered office since 18-08-1951 |
founded in 1951 0409.682.072 |
| De Verenigde Middenstand
registered office since 31-12-1921 |
founded in 1921 0411.740.749 |
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
EBSec Technology was incorporated on 12 March 2021 as a private limited company by one natural person, with a starting capital of €2,000.12 Dos Santos Barretto, Eduardo is director of the company, appointed by deed of 16-03-2021.2 Total assets rose from €30,827 in 2021 to €158,010 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Lange Kruisstraat 7 registered office 9000 Ghent | 12-03-2021 | 2.314.435.935 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44803C0622/00C000 | 467 m² | 1 · 463 m² | 21.9 m · 5 |
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