EURASSEM
ActiveSummary
EURASSEM has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23k and a net result of €6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▲+15
Solvency34▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.69 in 2023; short-term debt: 91.3% of total assets), and 91.3% of the assets are financed with debt.
Credit check for your own amount and term
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
8.7%
Return on assets
2.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2832 sector peers (2024).
NBB · sector comparisonPosition among 2832 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €23k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
7 d early
2022
on the day
2021
34 d early
2020
17 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€23k▲ 31.8%
2023 · €17k
2018: €94k
2019: €98k▲ +4.6% vs 2018highest in 7 years
2020: €93k▼ -4.9% vs 2019
2021: €8k▼ -91.8% vs 2020lowest in 7 years
2022: €19k▲ +145% vs 2021
2023: €17k▼ -7.8% vs 2022
2024: €23k▲ +31.8% vs 2023
2018 → 2024
Total assets
€264k▲ 17.7%
2023 · €224k
2018: €159k
2019: €175k▲ +10.4% vs 2018
2020: €164k▼ -6.2% vs 2019
2021: €144k▼ -12.5% vs 2020lowest in 7 years
2022: €163k▲ +13.5% vs 2021
2023: €224k▲ +37.4% vs 2022
2024: €264k▲ +17.7% vs 2023highest in 7 years
2018 → 2024
Net result
€6k
2023 · €-1k
2018: €9k
2019: €4k▼ -53.7% vs 2018
2020: €-5k▼ -210% vs 2019lowest in 7 years
2021: €2k▲ +150% vs 2020
2022: €11k▲ +367% vs 2021highest in 7 years
2023: €-1k▼ -113% vs 2022
2024: €6k▲ +478% vs 2023
2018 → 2024
Working capital
€-70k▼ 10.1%
2023 · €-63k
2018: €92k
2019: €97k▲ +5.0% vs 2018highest in 7 years
2020: €91k▼ -6.2% vs 2019
2021: €-31k▼ -134% vs 2020
2022: €-35k▼ -12.8% vs 2021
2023: €-63k▼ -82.8% vs 2022
2024: €-70k▼ -10.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€93k-€8k▼ 91.8%€19k▲ 145%€17k▼ 7.8%€23k▲ 31.8%
2020: €93khighest in 5 years
2021: €8k▼ -91.8% vs 2020lowest in 5 years
2022: €19k▲ +145% vs 2021
2023: €17k▼ -7.8% vs 2022
2024: €23k▲ +31.8% vs 2023
Operating result€-14k-€3k€12k▲ 244%€299▼ 97.4%€2k▲ 473%
2020: €-14klowest in 5 years
2021: €3k▲ +125% vs 2020
2022: €12k▲ +244% vs 2021highest in 5 years
2023: €299▼ -97.4% vs 2022
2024: €2k▲ +473% vs 2023
Net result€-5k-€2k€11k▲ 367%€-1k€6k
2020: €-5klowest in 5 years
2021: €2k▲ +150% vs 2020
2022: €11k▲ +367% vs 2021highest in 5 years
2023: €-1k▼ -113% vs 2022
2024: €6k▲ +478% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 473% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €264k
Fixed assets
€93k ▲ 12.1%
Current assets
€172k ▲ 21.0%
Equity and liabilities €264k
Equity
€23k ▲ 31.8%
Debt
€241k ▲ 16.5%
Debt's share of the balance-sheet total falls from 92.3% to 91.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▲
2023 · €12k
Cash flow
€20k▲
2023 · €10k
Current ratio
0.71▲
2023 · 0.69
Quick ratio
0.61▼
2023 · 0.69
Debt to equity
10.54▼
2023 · 11.93
ROE
24.1%▲
2023 · -8.4%
ROA
2.1%▲
2023 · -0.7%
Interest coverage
3.14▲
2023 · 1.79
Debt ≤ 1 year
€241k▲
2023 · €205k
Income taxes
€6k▲
2023 · €3k
Staff costs
€160k▲
2023 · €114k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€224k€264k▲
Fixed assets21/28€83k€93k▲
Intangible fixed assets21€59k€76k▲
Tangible fixed assets22/27€23k€16k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€6k€5k▼
Leasing and similar rights25€4k€2k▼
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€149€149=
Current assets29/58€142k€172k▲
Stocks and contracts in progress3-€25k
Stocks30/36-€25k
Amounts receivable within one year40/41€126k€140k▲
Trade receivables40€69k€66k▼
Other amounts receivable41€57k€74k▲
Cash at bank and in hand54/58€8k-
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€224k€264k▲
Equity10/15€17k€23k▲
Contributions10/11€10k€10k=
Reserves13€9k€13k▲
Distributable reserves133€9k€13k▲
Profit (loss) carried forward14€-1k€39▲
Amounts payable17/49€207k€241k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€205k€241k▲
Current portion of amounts payable after more than one year42€3k€2k▼
Financial debts43€18k€31k▲
Credit institutions430/8€18k€31k▲
Trade debts44€134k€149k▲
Suppliers440/4€134k€149k▲
Taxes, remuneration and social security45€50k€59k▲
Taxes450/3€29k€38k▲
Remuneration and social security454/9€21k€21k▼
Income statement
Code20232024
Remuneration, social security and pensions62€114k€160k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Other operating charges640/8€4k€10k▲
Gross operating margin9900€129k€186k▲
Operating profit (loss)9901€299€2k▲
Financial income75/76B€8k€15k▲
Recurring financial income75€8k€15k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€2k€11k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€-1k€6k▲
Profit (loss) for the period to be appropriated9905€-1k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€4k▲
Profit (loss) brought forward from the previous period14P€28€-1k▼
Transfer to equity691/2-€4k
To other reserves6921-€4k
Social balance
Average headcount (FTE)90873.03.9▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €245 | - | - | - |
| Remuneration, social security and pensions62 | - | €30k | €54k | €114k | €160k | ▲ 39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €4k | €9k | €11k | €15k | ▲ 31.8% |
| Other operating charges640/8 | - | €3k | €949 | €4k | €10k | ▲ 166% |
| Gross operating margin9900 | €-3k | €40k | €75k | €129k | €186k | ▲ 43.4% |
| Operating profit (loss)9901 | €-14k | €3k | €12k | €299 | €2k | ▲ 473% |
| Financial income75/76B | - | €5k | €7k | €8k | €15k | ▲ 83.3% |
| Recurring financial income75 | €12k | €5k | €7k | €8k | €15k | ▲ 83.3% |
| Financial charges65/66B | - | €3k | €3k | €6k | €5k | ▼ 18.4% |
| Recurring financial charges65 | €3k | €3k | €3k | €6k | €5k | ▼ 18.4% |
| Profit (loss) for the period before taxes9903 | €-4k | €6k | €16k | €2k | €11k | ▲ 505% |
| Income taxes67/77 | €298 | €3k | €5k | €3k | €6k | ▲ 68.9% |
| Profit (loss) for the period9904 | €-5k | €2k | €11k | €-1k | €6k | ▲ 478% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €2k | €11k | €-1k | €6k | ▲ 478% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164k | €144k | €163k | €224k | €264k | ▲ 17.7% |
| Fixed assets21/28 | €14k | €47k | €59k | €83k | €93k | ▲ 12.1% |
| Intangible fixed assets21 | - | €30k | €27k | €59k | €76k | ▲ 28.6% |
| Tangible fixed assets22/27 | €14k | €17k | €32k | €23k | €16k | ▼ 29.9% |
| Plant, machinery and equipment23 | - | €5k | €6k | €5k | €3k | ▼ 39.7% |
| Furniture and vehicles24 | - | - | €9k | €6k | €5k | ▼ 24.0% |
| Leasing and similar rights25 | - | €10k | €7k | €4k | €2k | ▼ 60.0% |
| Other tangible fixed assets26 | - | €3k | €9k | €8k | €7k | ▼ 12.6% |
| Financial fixed assets28 | €149 | €149 | €149 | €149 | €149 | = |
| Current assets29/58 | €151k | €97k | €105k | €142k | €172k | ▲ 21.0% |
| Stocks and contracts in progress3 | - | - | - | - | €25k | - |
| Stocks30/36 | - | - | - | - | €25k | - |
| Amounts receivable within one year40/41 | €145k | €80k | €100k | €126k | €140k | ▲ 11.3% |
| Trade receivables40 | - | €36k | €35k | €69k | €66k | ▼ 4.4% |
| Other amounts receivable41 | - | €45k | €65k | €57k | €74k | ▲ 30.5% |
| Cash at bank and in hand54/58 | - | €11k | - | €8k | - | - |
| Deferred charges and accrued income490/1 | - | €6k | €5k | €7k | €7k | ▼ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164k | €144k | €163k | €224k | €264k | ▲ 17.7% |
| Equity10/15 | €93k | €8k | €19k | €17k | €23k | ▲ 31.8% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | - | - | €9k | €9k | €13k | ▲ 46.0% |
| Distributable reserves133 | - | - | €9k | €9k | €13k | ▲ 46.0% |
| Profit (loss) carried forward14 | €-5k | €-2k | €28 | €-1k | €39 | ▲ 103% |
| Amounts payable17/49 | €71k | €136k | €145k | €207k | €241k | ▲ 16.5% |
| Amounts payable after more than one year17 | €12k | €8k | €5k | €2k | - | - |
| Financial debts170/4 | - | €8k | €5k | €2k | - | - |
| Amounts payable within one year42/48 | €59k | €128k | €139k | €205k | €241k | ▲ 17.6% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | €3k | €2k | ▼ 41.7% |
| Financial debts43 | - | €19k | €11k | €18k | €31k | ▲ 70.6% |
| Credit institutions430/8 | - | €19k | €11k | €18k | €31k | ▲ 70.6% |
| Trade debts44 | €31k | €79k | €100k | €134k | €149k | ▲ 11.4% |
| Suppliers440/4 | - | €79k | €100k | €134k | €149k | ▲ 11.4% |
| Taxes, remuneration and social security45 | - | €23k | €24k | €50k | €59k | ▲ 19.0% |
| Taxes450/3 | - | €15k | €15k | €29k | €38k | ▲ 33.1% |
| Remuneration and social security454/9 | - | €8k | €9k | €21k | €21k | ▼ 0.6% |
| Other amounts payable47/48 | - | €4k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €200 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €2k | €11k | €-1k | €6k | ▲ 478% |
| + Depreciation and write-downs630 | €1k | €4k | €9k | €11k | €15k | ▲ 31.8% |
| Operating cash flow (approximation) | €-3k | €7k | €20k | €10k | €20k | ▲ 108% |
| Investment in fixed assets (approximation) | - | €-37k | €-20k | €-35k | €-25k | ▲ 29.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €11k ▲367%
Operating result €12k, net result €11k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Bilzen-Hoeselt · 1 establishment unit since 1996
Ground area
1,701 m²
Building footprint
359 m²
Volume, LiDAR
1,821 m³
Parcel 73047A0159/00D000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Riemsterweg 103, 3742 Bilzen-Hoeselt
since 19962.077.476.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73047A0159/00D000 | Flanders | 1,701 m² | 1 · 359 m² | 9.8 m · 2 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.
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BE 0553.483.087
Halle · Eq €22,950
MADIC BENELUX
BE 0635.657.529
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RAGNO
BE 0766.733.530
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 5,996 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
Founded24-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63920Other information service activities
Scores and ratios are computed by Checked and are not a credit decision.