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ENTITY FACTORY

Active
Private limited companyfounded 20232 yrs activeArnaud Fraiteurlaan 15/23, 1050 Elsene, BelgiumKBO/BCE: BE 1003.909.418
Summary

The annual accounts of ENTITY FACTORY for fiscal year 2025 show a net loss of 93% of total assets and of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €4,914 and a net result of -€19,596. Equity is shrinking by ~39.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 17179 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency48▼-52
Growth32▼-20
Track record82
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.96 against 3.32 in 2024; short-term debt: 76.6% and cash: 49.5% of total assets), and 76.6% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
23.4%
Return on assets
-93.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 17179 sector peers (2025).
NBB · sector comparison
Position among 17179 sector peers
Solvency
better than 23%
← weakest strongest →
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 15-04-2026, 107 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
107 d early
2024
63 d early
2023
5 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 55 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ENTITY FACTORY was incorporated on 26 December 2023 as a Private limited company.1 Total assets fell from EUR 30,492 in 2023 to EUR 21,041 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€4,914▼ 80.0%
2024 · €24,510
Total assets
€21,041▼ 33.9%
2024 · €31,841
Net result
-€19,596
2024 · €1,025
Working capital
-€595
2024 · €17,042
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€27,524-€1,691▼ 93.9%-€19,711
Net result€21,985-€1,025▼ 95.3%-€19,596
Equity€23,485-€24,510▲ 4.4%€4,914▼ 80.0%
Total assets€30,492-€31,841▲ 4.4%€21,041▼ 33.9%
Debt€7,006-€7,331▲ 4.6%€16,126▲ 120%
Working capital€23,285-€17,042▼ 26.8%-€595
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000Operating result 2023: €27,524€27,524Net result 2023: €21,985€21,985Operating result 2024: €1,691€1,691Net result 2024: €1,025€1,025Operating result 2025: -€19,711-€19,711Net result 2025: -€19,596-€19,596202320242025-€20,000€0€20,000Operating result 2023: €27,524€27,500Net result 2023: €21,985€22,000Operating result 2024: €1,691€1,690Net result 2024: €1,025€1,020Operating result 2025: -€19,711-€19,700Net result 2025: -€19,596-€19,600202320242025
The operating result turns negative in 2025: a loss of €19,711 after €1,691 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,041
Fixed assets €5,510 ▼ 26.2%
Current assets €15,531 ▼ 36.3%
Equity and liabilities €21,041
Equity €4,914 ▼ 80.0%
Debt €16,126 ▲ 120%
Debt's share of the balance-sheet total rises from 23.0% to 76.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€17,753▼
2024 · €2,612
Cash flow
-€17,638▼
2024 · €1,945
Current ratio
0.96▼
2024 · 3.32
Debt to equity
3.28▲
2024 · 0.30
ROE
-398.8%▼
2024 · 4.2%
ROA
-93.1%▼
2024 · 3.2%
Interest coverage
-96.24▼
2024 · 8.28
Debt ≤ 1 year
€16,126▲
2024 · €7,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,207 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
4.2% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,207 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€31,841€21,041▼
Fixed assets21/28€7,468€5,510▼
Tangible fixed assets22/27€7,268€5,310▼
Furniture and vehicles24€7,268€5,310▼
Financial fixed assets28€200€200=
Current assets29/58€24,373€15,531▼
Amounts receivable within one year40/41€4,441€5,113▲
Trade receivables40€937€2,221▲
Other amounts receivable41€3,504€2,892▼
Cash at bank and in hand54/58€19,708€10,418▼
Deferred charges and accrued income490/1€223-
Equity and liabilities
Total equity and liabilities10/49€31,841€21,041▼
Equity10/15€24,510€4,914▼
Contributions10/11€1,500€1,500=
Profit (loss) carried forward14€23,010€3,414▼
Amounts payable17/49€7,331€16,126▲
Amounts payable within one year42/48€7,331€16,126▲
Trade debts44€578€132▼
Suppliers440/4€578€132▼
Advances received on contracts in progress46€553€1,859▲
Taxes, remuneration and social security45€5,654€550▼
Taxes450/3€5,654€550▼
Other amounts payable47/48€545€13,586▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€921€1,958▲
Other operating charges640/8€772-
Gross operating margin9900€3,384-€17,753▼
Operating profit (loss)9901€1,691-€19,711▼
Financial income75/76B€0€300▲
Recurring financial income75€0€300▲
Financial charges65/66B€315€184▼
Recurring financial charges65€315€184▼
Profit (loss) for the period before taxes9903€1,376-€19,596▼
Income taxes67/77€351-
Profit (loss) for the period9904€1,025-€19,596▼
Profit (loss) for the period to be appropriated9905€1,025-€19,596▼
Appropriation of the result
Profit (loss) to be appropriated9906€23,010€3,414▼
Profit (loss) brought forward from the previous period14P€21,985€23,010▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€921€1,958▲ 113%
Other operating charges640/8-€772--
Gross operating margin9900€27,524€3,384-€17,753▼ 625%
Operating profit (loss)9901€27,524€1,691-€19,711▼ 1,266%
Financial income75/76B-€0€300▲ 499,900%
Recurring financial income75-€0€300▲ 499,900%
Financial charges65/66B€26€315€184▼ 41.5%
Recurring financial charges65€26€315€184▼ 41.5%
Profit (loss) for the period before taxes9903€27,498€1,376-€19,596▼ 1,524%
Income taxes67/77€5,513€351--
Profit (loss) for the period9904€21,985€1,025-€19,596▼ 2,012%
Profit (loss) for the period to be appropriated9905€21,985€1,025-€19,596▼ 2,012%
Line202320242025Change
Assets
Total assets20/58€30,492€31,841€21,041▼ 33.9%
Fixed assets21/28€200€7,468€5,510▼ 26.2%
Tangible fixed assets22/27-€7,268€5,310▼ 26.9%
Furniture and vehicles24-€7,268€5,310▼ 26.9%
Financial fixed assets28€200€200€200=
Current assets29/58€30,292€24,373€15,531▼ 36.3%
Amounts receivable within one year40/41€28,792€4,441€5,113▲ 15.1%
Trade receivables40-€937€2,221▲ 137%
Other amounts receivable41€28,792€3,504€2,892▼ 17.5%
Cash at bank and in hand54/58€1,500€19,708€10,418▼ 47.1%
Deferred charges and accrued income490/1-€223--
Equity and liabilities
Total equity and liabilities10/49€30,492€31,841€21,041▼ 33.9%
Equity10/15€23,485€24,510€4,914▼ 80.0%
Contributions10/11€1,500€1,500€1,500=
Profit (loss) carried forward14€21,985€23,010€3,414▼ 85.2%
Amounts payable17/49€7,006€7,331€16,126▲ 120%
Amounts payable within one year42/48€7,006€7,331€16,126▲ 120%
Trade debts44€1,494€578€132▼ 77.2%
Suppliers440/4€1,494€578€132▼ 77.2%
Advances received on contracts in progress46-€553€1,859▲ 236%
Taxes, remuneration and social security45€5,513€5,654€550▼ 90.3%
Taxes450/3€5,513€5,654€550▼ 90.3%
Other amounts payable47/48-€545€13,586▲ 2,391%
Line202320242025Change
Profit (loss) for the period9904€21,985€1,025-€19,596▼ 2,012%
+ Depreciation and write-downs630-€921€1,958▲ 113%
Operating cash flow (approximation)€21,985€1,945-€17,638▼ 1,007%
Investment in fixed assets (approximation)--€8,188€0▲ 100%
Change in cash-€18,208-€9,290▼ 151%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€19,596
Net result drops to -€19,596, the lowest in the series.
29-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
05-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
7,406 m²
Building footprint
1,655 m²
Volume, LiDAR
29,823 m³
Parcel 21446F0030/00A000, Brussels · tallest building 28.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ENTITY FACTORY
Arnaud Fraiteurlaan 15/23, 1050 ElseneComputing infrastructure, data processing, hosting and other information service activities
since 20232.353.644.127
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21446F0030/00A000 Brussels 7,406 m² 1 · 1,655 m² 28.5 m · 6 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 2,965 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003909418
Also 9925:BE1003909418
Registered 25-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.