Equity
Equity fell by 88% in 3 years.
Equity fell by 88% in 3 years.
The micro format states no turnover.
Green is investment, beige is depreciation.
The 2025 accounts came latest: 14 days after the end of the period.
Lower solvency than 85% of companies in computer programming and consultancy. Sector median 60.0% · 21,205 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 16% of them on solvency, 27% on liquidity, 82% on profitability and 10% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 2,153 companies had the same profile as Essential Complexity has now. Each dot stands for 6 companies, two years later.
The bankruptcy probability of Essential Complexity itself is lower: 0.1% within 12 months. It rests on far more data about Essential Complexity 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 2,153 companies, not a prediction for Essential Complexity. 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.
Liquidity is tight, with a current ratio of 1.04 (1.74 in 2024), below the usual 1.5. Short-term debt is 90.1% and cash 63.3% of total assets. 90.1% 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 6 accounts on average 17 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 | ||||
|---|---|---|---|---|
| Essential Complexity Bertem | €145,224 | €99,210 | 9.9% | - |
| Panda Design Keerbergen | €141,822 | €95,016 | 89.4% | - |
| IT-Is Consultancy Vilvoorde | €141,614 | €94,241 | 0.7% | - |
| AMPEIR Scherpenheuvel-Zichem | €158,980 | €96,468 | 84.0% | - |
| Realistic-IT Holsbeek | €130,885 | €95,295 | 1.9% | - |
| Jozart Leuven | €146,539 | €91,314 | 14.0% | - |
| Eventication Boortmeerbeek | €137,385 | €110,387 | 85.7% | - |
These companies have the same main activity as Essential Complexity: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €131,000 and €159,000, founded between 2019 and 2020.
Essential Complexity files the micro format. That format states no turnover. The gross margin rose from €45,476 in 2020 to €99,210 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 ≈ €190,000. Estimated: probably between €170,000 and €250,000.
Higher than 15% of 21,205 companies in 2025.
Higher than 19% of 20,568 companies in 2025.
Higher than 84% of 20,743 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
145,224 | 96,973 | 195,195 | 139,337 | 79,886 | 58,795 | |
21/28 |
9,027 | 5,398 | 5,873 | 4,173 | 3,377 | 1,020 | |
22/27 |
9,027 | 5,398 | 5,873 | 4,173 | 3,377 | 1,020 | |
23 |
2,626 | 2,536 | 1,921 | 2,863 | 1,641 | - | |
24 |
6,401 | 2,862 | 3,952 | 1,310 | 1,737 | 1,020 | |
29/58 |
136,197 | 91,575 | 189,322 | 135,164 | 76,509 | 57,774 | |
40/41 |
42,846 | 28,498 | 30,279 | 27,975 | 22,458 | 8,216 | |
40 |
42,512 | 28,498 | 30,279 | 27,975 | 22,458 | 8,216 | |
41 |
334 | - | - | - | - | - | |
50/53 |
- | - | 80,000 | - | - | - | |
54/58 |
91,886 | 61,285 | 77,765 | 106,966 | 53,920 | 49,430 | |
490/1 |
1,465 | 1,793 | 1,278 | 223 | 131 | 129 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
145,224 | 96,973 | 195,195 | 139,337 | 79,886 | 58,795 | |
10/15 |
14,390 | 44,302 | 16,426 | 115,320 | 61,019 | 36,353 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
14 |
11,890 | 41,802 | 13,926 | 112,820 | 58,519 | 33,853 | |
17/49 |
130,834 | 52,671 | 178,769 | 24,017 | 18,867 | 22,442 | |
42/48 |
130,834 | 52,671 | 178,769 | 24,017 | 18,867 | 22,442 | |
44 |
1,773 | 140 | 49 | 660 | 120 | 67 | |
440/4 |
1,773 | 140 | 49 | 660 | 120 | 67 | |
45 |
4,451 | 11,486 | 13,675 | 22,512 | 11,447 | 15,075 | |
450/3 |
4,451 | 10,871 | 13,061 | 21,898 | 10,832 | 14,460 | |
454/9 |
- | 615 | 615 | 615 | 615 | 615 | |
47/48 |
124,610 | 41,045 | 165,045 | 845 | 7,300 | 7,300 | |
| Income statement | |||||||
9900 |
99,210 | 88,154 | 86,133 | 71,759 | 33,818 | 45,476 | |
630 |
4,024 | 2,647 | 1,965 | 1,294 | 844 | 10 | |
640/8 |
690 | 630 | 615 | 559 | 209 | 546 | |
9901 |
94,497 | 84,877 | 83,553 | 69,906 | 32,765 | 44,920 | |
75/76B |
141 | 2,244 | 80 | - | 0 | - | |
75 |
141 | 2,244 | 80 | - | 0 | - | |
65/66B |
99 | 157 | 188 | 229 | 277 | 218 | |
65 |
99 | 157 | 188 | 229 | 277 | 218 | |
9903 |
94,538 | 86,964 | 83,445 | 69,676 | 32,488 | 44,702 | |
67/77 |
24,451 | 18,087 | 17,339 | 14,575 | 7,023 | 10,049 | |
9904 |
70,088 | 68,877 | 66,106 | 55,101 | 25,466 | 34,653 | |
9905 |
70,088 | 68,877 | 66,106 | 55,101 | 25,466 | 34,653 | |
| Appropriation of the result | |||||||
9906 |
111,890 | 82,802 | 178,926 | 113,620 | 59,319 | 34,653 | |
14P |
41,802 | 13,926 | 112,820 | 58,519 | 33,853 | - | |
694/7 |
100,000 | 41,000 | 165,000 | 800 | 800 | 800 | |
694 |
100,000 | 41,000 | 165,000 | 800 | 800 | 800 | |
| Document | |||||||
The notes to these accounts have 5 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 14-08-2026.
2025 annual accounts filed 14 days after the deadline. Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00398399.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-08-2026 | 2026-00398399 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00187474 | |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00163346 | |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00212263 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20106168 | |
| 31-12-2020 | micro format | 10-08-2021 | 2021-47100296 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 98,520 | 87,524 | 85,518 | 71,200 | 33,609 | 44,930 | ||
| 74,111 | 71,524 | 68,071 | 56,396 | 26,309 | 34,663 | ||
| 7,653 | 2,172 | 3,665 | 2,090 | 3,201 | 1,030 | ||
| 30,601 | -16,480 | -29,201 | 53,045 | 4,491 | - | ||
| 5,363 | 38,905 | 10,553 | 111,147 | 57,642 | 35,333 | ||
| 9.9% | 45.7% | 8.4% | 82.8% | 76.4% | 61.8% | ||
| 1.04 | 1.74 | 1.06 | 5.63 | 4.06 | 2.57 | ||
| 9.09 | 1.19 | 10.88 | 0.21 | 0.31 | 0.62 | ||
| 487.1% | 155.5% | 402.5% | 47.8% | 41.7% | 95.3% | ||
| 48.3% | 71.0% | 33.9% | 39.5% | 31.9% | 58.9% | ||
| over 100 | over 100 | 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 | €7,653 | €2,172 | €3,665 | €2,090 | €3,201 |
| €4,024 | €2,647 | €1,965 | €1,294 | €844 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 11% higher than in 2024 and the highest since 2020. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total rises from 54.3% to 90.1%. Equity is lower and debt is higher.
Essential Complexity has no parent and no holdings in its annual accounts. VAN DOOREN Sander Roeland is the only director. Essential Complexity 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
Essential Complexity was incorporated on 24 September 2019 as a private limited company.1 Since 2019, VAN DOOREN Sander Roeland has served as director.2 Total assets rose from €58,795 in 2020 to €145,224 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Stationsstraat 12 registered office 3060 Bertem | 01-10-2019 | 2.293.772.559 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24052B0378/00F000 | 1,612 m² | 1 · 114 m² | 7.0 m · 2 |
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