ENTITY
ActiveSummary
ENTITY has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,669 and a net result of -€110. Equity grew by about 56% per year on average since 2020. In 2025 it fell by 1.3%. Its solvency ranks better than 50% of 21,158 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-11-2019 Normal situation
- Registered office
- 180 active companies are registered at this address 10 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Computer programming NACE 62100and 4 others
- Establishment unit
- 2.304.472.550 1050 Ixelles, since 05-11-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Board and ownership
- Murad Omar BassamDirector · since 01-04-2025
- Murad Omar Bassam100%deed of 10-04-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €18,805
- ▲ 635%
- Turnover
- ≈ €100,000
- estimated
- Loss
- €110
- ▼ 88.9%
- Equity
- €8,669
- ▼ 1.3%
- Total assets
- €14,415
- ▲ 20.5%
- Employees on 31-12-2025
- 1
- 2025 accounts filed 18 days after the deadline
Score breakdownlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.90, cash €3,392Size: total assets €14,415Figures for financial year 2025 (filed on 21-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 52% of them on solvency, 44% on liquidity, 27% on profitability and 38% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
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
The company filed its last 6 accounts on average 6 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.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412905.
Annual accounts 2025 filed on 18-08-2026 at the NBB all 6 filings
Every figure per financial year
The operating result for 2025 is a loss of €22, smaller than the loss of €780 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 0.2 | 1 | 0.7 |
| On a permanent contract | 1 | - | 1 |
| Joined | - | - | 1 |
| Left | - | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €14,506 | - | - | - |
| Depreciation and write-downs of the year | - | €2,121 | €3,040 | €3,040 | €2,808 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4,056 | €33,332 | €2,672 | - | €15,359 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2,121 | €3,040 | €3,040 | €2,808 | ▼ 7.6% |
| Other operating charges640/8 | - | €325 | €791 | €558 | €299 | €660 | ▲ 121% |
| Gross operating margin9900 | -€75 | €4,765 | €52,977 | €2,425 | €2,559 | €18,805 | ▲ 635% |
| Operating profit (loss)9901 | -€75 | €383 | €16,734 | -€3,845 | -€780 | -€22 | ▲ 97.2% |
| Financial income75/76B | - | - | - | €0 | €2 | - | - |
| Recurring financial income75 | - | - | - | €0 | €2 | - | - |
| Financial charges65/66B | - | €210 | €298 | €315 | €218 | €75 | ▼ 65.6% |
| Recurring financial charges65 | €0 | €210 | €298 | €315 | €218 | €75 | ▼ 65.6% |
| Profit (loss) for the period before taxes9903 | -€75 | €174 | €16,436 | -€4,160 | -€995 | -€97 | ▲ 90.3% |
| Income taxes67/77 | - | €20 | €3,580 | - | - | €14 | - |
| Profit (loss) for the period9904 | -€75 | €154 | €12,856 | -€4,160 | -€995 | -€110 | ▲ 88.9% |
| Profit (loss) for the period to be appropriated9905 | -€75 | €154 | €12,856 | -€4,160 | -€995 | -€110 | ▲ 88.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €925 | €7,177 | €32,351 | €23,261 | €11,959 | €14,415 | ▲ 20.5% |
| Fixed assets21/28 | - | - | €12,385 | €9,345 | €6,304 | €3,497 | ▼ 44.5% |
| Tangible fixed assets22/27 | - | - | €12,385 | €9,345 | €6,304 | €3,497 | ▼ 44.5% |
| Furniture and vehicles24 | - | - | €12,385 | €9,345 | €6,304 | €3,497 | ▼ 44.5% |
| Current assets29/58 | €925 | €7,177 | €19,967 | €13,916 | €5,655 | €10,919 | ▲ 93.1% |
| Amounts receivable within one year40/41 | - | €2,782 | €6,742 | €10,782 | €5,583 | €7,527 | ▲ 34.8% |
| Trade receivables40 | - | €2,619 | €6,539 | €9,022 | €4,420 | €4,921 | ▲ 11.3% |
| Other amounts receivable41 | - | €163 | €203 | €1,760 | €1,163 | €2,606 | ▲ 124% |
| Cash at bank and in hand54/58 | €925 | €4,396 | €13,195 | €3,134 | €72 | €3,392 | ▲ 47× |
| Deferred charges and accrued income490/1 | - | - | €30 | - | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €925 | €7,177 | €32,351 | €23,261 | €11,959 | €14,415 | ▲ 20.5% |
| Equity10/15 | €925 | €1,079 | €13,935 | €9,775 | €8,780 | €8,669 | ▼ 1.3% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€75 | €79 | €12,935 | €8,775 | €7,780 | €7,669 | ▼ 1.4% |
| Amounts payable17/49 | - | €6,098 | €18,417 | €13,486 | €3,179 | €5,746 | ▲ 80.7% |
| Amounts payable within one year42/48 | - | €6,098 | €18,417 | €13,486 | €3,179 | €5,746 | ▲ 80.7% |
| Financial debts43 | - | - | - | - | €11 | €11 | = |
| Credit institutions430/8 | - | - | - | - | €11 | €11 | = |
| Trade debts44 | - | €209 | €1,510 | €6,371 | €1,669 | €2,372 | ▲ 42.1% |
| Suppliers440/4 | - | €209 | €1,510 | €6,371 | €1,669 | €2,372 | ▲ 42.1% |
| Advances received on contracts in progress46 | - | - | €6 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €5,890 | €16,722 | €7,115 | €1,500 | €3,363 | ▲ 124% |
| Taxes450/3 | - | €20 | €6,063 | €3,580 | - | €385 | - |
| Remuneration and social security454/9 | - | €5,870 | €10,658 | €3,535 | €1,500 | €2,979 | ▲ 98.6% |
| Other amounts payable47/48 | - | - | €179 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€75 | €154 | €12,856 | -€4,160 | -€995 | -€110 | ▲ 88.9% |
| + Depreciation and write-downs630 | - | - | €2,121 | €3,040 | €3,040 | €2,808 | ▼ 7.6% |
| Operating cash flow (approximation) | -€75 | €154 | €14,976 | -€1,119 | €2,045 | €2,697 | ▲ 31.9% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €3,470 | €8,799 | -€10,060 | -€3,063 | €3,320 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,440 companies had the same profile as ENTITY has now. Two years later, 90.0% were still going and 2.3% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ENTITY itself is lower: < 0.1% within 12 months. It rests on far more data about ENTITY than the profile alone.
Test of the method
The method was tested on the 497,446 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 3,440 companies, not a prediction for ENTITY. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00412905 | |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00230317 | |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00256019 | |
| 31-12-2022 | micro format | 02-07-2023 | 2023-00188908 | |
| 31-12-2021 | micro format | 27-05-2022 | 2022-20035929 | |
| 31-12-2020 | micro format | 23-10-2021 | 2021-73300212 |
Board & ownership
Directors
Owners and capital
Shareholders
- Nazzal Fatema to Murad Omar Bassam 100%
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Murad Omar Bassam |
|
| Nazzal Fatema |
|
Network & group
ENTITY shares no director with another company.
Companies at the same address
179 other companies- A.S.B.L. KHAYROUKOUM Establishment · since 01-09-2026Founded in 2023 0799.572.879
- Intercours Establishment · since 01-09-2026Founded in 2018 · total assets €39,354 (2024) · accounts filed late 0704.725.685
- Makhlouf, Raouf (sole trader) Establishment · since 01-09-2026Founded in 2026 1042.386.744
- WEA GROUP Establishment · since 28-08-2026Founded in 2026 1041.831.369
- R4YN Establishment · since 09-06-2026Founded in 2026 1038.832.188
- DevNexus Registered office · since 13-04-2026Founded in 2026 1036.815.182
- LFRS Consultancy Establishment · since 01-04-2026Founded in 2026 1035.855.476
- +250MAZ Registered office · since 02-03-2026Founded in 2026 1035.019.890
- GARAGE AVANTGARDE Establishment · since 23-02-2026Founded in 2026 1034.719.388
- Ruzma Establishment · since 30-12-2025Founded in 2025 · total assets €2,000 (2025) · negative equity 1032.343.185
Connections & network
1 current directorThe network starts from the directors of ENTITY. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
10-04
Gazette deed
Resignation: Nazzal Fatema (director)Transfer of shares from Nazzal Fatema to Murad Omar Bassam · Appointment: Murad Omar Bassam (director)4 points ▸
- General meeting, 31-03-2025
- Director resignation, Nazzal Fatema
- Director appointment, Murad Omar Bassam
- Share transfer, Nazzal Fatema → Murad Omar Bassam
05-10
Gazette deed
Registered office moved within IxellesNew registered office: Av. Louise 209 boîte 7, 1050 Ixelles · Previous registered office: Chaussée de Wavre 61, 1050 Ixelles2 points ▸
- General meeting, 09-09-2022
- Registered-office move, Av. Louise 209 boîte 7, 1050 Ixelles
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 |
| 21009A0874/00L000 | Brussels | 42 m² | 1 · 42 m² | 18.5 m · 6 |