Equity
€101,770 ▲ 101%
Equity rose in 2025 from €50,602 to €101,770.
Far Stream
Overview
Lifetime
2 annual accounts with figures on one time axispeak €77,856 (2025)
€77,856▲ 13.4%
peak €52,834 (2025)
€52,834▲ 5.1%
peak €101,770 (2025)
€101,770▲ 101%
€14,621▼ 51.4%
Board1 name since 2024
1 directorVERBEKE Thijs
Documentsfilings and deeds
29-09-202660 days late
2025abbreviated format
Gross margin from €68,639 to €77,856Dividend €1,666Equity from €50,602 to €101,770Debts from €30,071 to €14,621Cash from €35,809 to €64,099
Key points
from the 2025 annual accountsLiquidity
6.51 was 1.95 in 2024
Short-term debts fell from €28,835 to €14,621.
Position in the sector
87.4%
Higher solvency than 87% of companies in computer programming and consultancy. Sector median 46.4% · 3,406 companies.
2025 accounts filed 60 days after the deadline
Checked score
98
Excellent
Financially stronger than 87% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
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).
Last 24 months
04-2025: 0.4%
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.4 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 6.51, cash €64,099
Equity €101,770 (87.4% of total assets)
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 85% of them on solvency, 90% on liquidity, 82% on profitability and 90% 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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Far Stream has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Far Stream itself is lower: < 0.1% within 12 months. It rests on far more data about Far Stream than the profile alone.
Test of the method
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 39,278 companies, not a prediction for Far Stream. 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.
Credit verdict
Credit of up to €9,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 6.51 (1.95 in 2024), above the usual 1.5. Short-term debt is 12.6% and cash 55.1% of total assets. 12.6% of the assets are financed with debt and provisions.
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
Six signals.
lowers riskraises risk
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
60 days late
2024
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 26 days after 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007783379
Incorporation
Founder: VERBEKE Thijs · 100 shares · Appointment: VERBEKE Thijs (director) · published on 03-04-2024 · Gazette deed
First establishment
Oudstrijdersstraat 22, Ingelmunster
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Far Stream Ingelmunster | €116,391 | €77,856 | 87.4% | - |
| Vastech Kortrijk | €114,594 | €75,963 | 81.1% | - |
| Bytecrafters IT Consultancy Waregem | €111,313 | €78,100 | 54.1% | - |
| JALCON Zwevegem | €119,834 | €76,059 | 77.2% | - |
| THOEN IT CONSULTANCY Izegem | €119,588 | €83,373 | 25.6% | - |
| MINDTACK Oostkamp | €123,919 | €74,147 | 48.0% | - |
| PRAGMACT Tielt | €123,064 | €66,472 | 51.7% | - |
These companies have the same main activity as Far Stream: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €111,000 and €124,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 29-03-2024Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.357.988.9358770 Ingelmunster, since 29-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 17-06-2025
Annual accounts 2025
- €77,856▲ 13.4%
- ≈ €200,000estimated
- €52,834▲ 5.1%
- €101,770▲ 101%
- €116,391▲ 44.3%
- Filing
- Filed on 29-09-2026
Insights on Far Stream
Far Stream has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,770 and a net result of €52,834.
Its solvency ranks better than 88% of 3,406 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 29-09-2026, 60 days late€77,856
▲ 13.4%
€68,508
▲ 7.1%
€52,834
▲ 5.1%
€80,595
▲ 194%
87.4%
▲ 24.7 percentage points
6.51
▲ 4.56
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €150,000 and €360,000.
Amounts without an identifiable currency are taken as euros.
Balance sheet
balance sheet total €116,391 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
87.4%
Higher than 88% of 3,406 companies in 2025.
6.51
Higher than 86% of 3,267 companies in 2025.
45.4%
Higher than 91% of 3,315 companies in 2025.
Far Stream
Middle half of the sector
80% of the sector
Abbreviated accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
116,391 | 80,672 | |
21/28 |
21,175 | 24,433 | |
22/27 |
21,175 | 24,433 | |
23 |
- | 11,154 | |
24 |
21,175 | 13,279 | |
29/58 |
95,216 | 56,239 | |
40/41 |
30,735 | 20,077 | |
40 |
22,403 | 20,058 | |
41 |
8,332 | 18 | |
54/58 |
64,099 | 35,809 | |
490/1 |
382 | 354 | |
| Balance sheet: equity and liabilities | |||
10/49 |
116,391 | 80,672 | |
10/15 |
101,770 | 50,602 | |
10/11 |
2,000 | 2,000 | |
13 |
99,770 | 48,602 | |
133 |
99,770 | 48,602 | |
17/49 |
14,621 | 30,071 | |
42/48 |
14,621 | 28,835 | |
44 |
3,926 | 1,935 | |
440/4 |
3,926 | 1,935 | |
45 |
9,029 | 25,030 | |
450/3 |
9,029 | 22,530 | |
454/9 |
- | 2,500 | |
47/48 |
1,666 | 1,870 | |
492/3 |
- | 1,235 | |
| Income statement | |||
9900 |
77,856 | 68,639 | |
630 |
8,500 | 3,181 | |
640/8 |
847 | 1,504 | |
9901 |
68,508 | 63,953 | |
75/76B |
0 | 6 | |
75 |
0 | 6 | |
65/66B |
363 | 83 | |
65 |
363 | 83 | |
9903 |
68,145 | 63,877 | |
67/77 |
15,311 | 13,609 | |
9904 |
52,834 | 50,268 | |
9905 |
52,834 | 50,268 | |
| Appropriation of the result | |||
9906 |
52,834 | 50,268 | |
691/2 |
51,168 | 48,602 | |
6921 |
51,168 | 48,602 | |
694/7 |
1,666 | 1,666 | |
694 |
1,666 | 1,666 | |
| 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 29-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00545043.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 77,009 | 67,134 | ||
| 61,334 | 53,449 | ||
| 5,242 | 27,614 | ||
| 28,290 | - | ||
| 80,595 | 27,404 | ||
| 87.4% | 62.7% | ||
| 6.51 | 1.95 | ||
| 0.14 | 0.59 | ||
| 51.9% | 99.3% | ||
| 45.4% | 62.3% | ||
| 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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €5,242 | €27,614 |
| €8,500 | €3,181 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Far Stream
The operating result for 2025 is 7% higher than in 2024.
Debt's share of the balance-sheet total falls from 37.3% to 12.6%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector
since 28-03-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 29-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 03-04-2024
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €1,018 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 03-04-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Wednesday of June
Founder
At incorporation
deed of 03-04-2024 ↗
- VERBEKE Thijs sole founder · 100% at incorporation
Network & group
No group
Far Stream has no parent and no holdings in its annual accounts. VERBEKE Thijs is the only director. Far Stream shares no director with another company.
Timeline
Timeline
7 events since 2024Filings
Financial
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 60 days late
2025
Liquidity more than triples current ratio 6.51 The current ratio rises from 1.95 to 6.51. Short-term debt falls from €28,835 to €14,621.
Equity above €100,000 equity €101,770 ▲101% With a profit in every financial year since 2024, equity grows to €101,770.
Annual accounts 2024 filed PDFmicro format · 9 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007783379
2024
IncorporationFounder: VERBEKE Thijs · 100 shares · Appointment: VERBEKE Thijs (director) · published on 03-04-20245 points ▸
- Registered office clause, Oudstrijdersstraat 22, 8770 Ingelmunster
- Board rule, 1
- Director appointment, VERBEKE Thijs
- Founder, VERBEKE Thijs
- 100 shares
- The deed holds 7 more points.
First establishment Oudstrijdersstraat 22, Ingelmunster
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Far Stream was incorporated on 29 March 2024 as a private limited company by one natural person.12 Since 2024, VERBEKE Thijs has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1007.783.379
- VAT number
- BE 1007.783.379
- Peppol ID
- 0208:1007783379
- Other Peppol ID
- 9925:BE1007783379
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-03-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Wednesday of Junedeed of 03-04-2024 (in Dutch)
- Peppol
- Reachable since 17-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Far Stream in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-04-2024 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Far Streamdeed of 03-04-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 03-04-2024 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62100
Computer programming
Codes under NACEBEL 2008
62020
IT consultancy main activity
62010
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het ontwerpen,aanpassen,testen en ondersteunen van software,ontwerpen en programmeren van computerprogramma’s; Het ontwerpen van de…”deed of 03-04-2024 (in Dutch)
12 activities
- Het ontwerpen,aanpassen,testen en ondersteunen van software,ontwerpen en programmeren van computerprogramma’s.
- Het ontwerpen van de structuur,inhoud en/of schrijven van programmatuur voor creatie en implementatie van: softwaresystemen,informaticatoepassingen,databestanden,webpagina’s.
- De aanpassing van de programmatuur,zoals het aanpassen en configureren van een bestaande applicatie,zodat deze functioneel kan worden gebruikt in het informaticasysteem van de klant;
- Het analyseren en ontwerpen van computersystemen waarbij hardware,software en communicatietechnologie worden geïntegreerd,alsook de opleiding voor de desbetreffende gebruikers;
- Het verlenen van advies over soorten computers(hardware),hun configuratie en over de toepassing van de bijbehorende programmatuur(software),alsook het analyseren van de behoeften en problemen van de gebruiker en het aanbieden van de beste oplossing;
- Strategisch-,management-,marketing-,communicatie- en commercieel advies;
- Het verlenen van advies op gebied van soft- en hardware;
- Het ontwikkelen en commercialiseren van software,softwareapplicaties,op alle IT-platformen,gecentraliseerd en/of gedecentraliseerd,al dan niet internet-gebaseerd,dienstverlening rond bovenvermelde,onder andere: training,installaties en support;
- Het vervaardigen van web-toepassingen en -applicaties,het leveren van dienstverlening rond het bovenvermelde,onder andere: training,installaties en support;
- Het ontwikkelen en verstrekken van advies omtrent marketing en aanverwanten,zowel in papieren als digitale vorm;
- De vennootschap mag haar expertise en technologie aanbieden als consultancy aan derden,hierbinnen vallen onder andere,maar niet gelimiteerd,informatietechnologie-,marketing-,en zakelijke consultancy.
- De vennootschap kan tevens participaties nemen in andere ondernemingen,alsook optreden als bestuurder,volmachtdrager,mandataris of vereffenaar in andere vennootschappen of ondernemingen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Oudstrijdersstraat 22 registered office 8770 Ingelmunster | 29-03-2024 | 2.357.988.935 |
Buildings and parcels at the address
- Ground area
- 523 m²
- Buildings
- 103 m²
- Volume, LiDAR
- 577 m³
- Tallest building
- 7.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36007C0784/00Z005 | 523 m² | 1 · 103 m² | 7.5 m · 2 |