FINARTECH DEVELOPMENT
ActiveSummary
FINARTECH DEVELOPMENT has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,296 and a net result of €58,506. Equity has been shrinking by about 20% per year since 2021. Its solvency ranks better than 21% of 1,686 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-02-2020 Normal situation
- Activity
- Computer programming NACE 62100
- Establishment unit
- 2.299.201.886 1332 Rixensart, since 06-02-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 18-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €81,638
- ▲ 66.7%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €58,506
- ▲ 93.4%
- Equity
- €6,296
- ▼ 50.8%
- Total assets
- €100,633
- ▼ 33.4%
Score breakdownraises riskLiquidity: current ratio 0.791 of the last 3 accounts latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €100,633Show the evidence
Checked score
About 5 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 14% of them on solvency, 0% on liquidity, 82% on profitability and 14% 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 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 21 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)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 12-01-2026 PDF all 5 filings
Every figure per financial year
The operating result for 2025 is 82% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €14,338 | - | €7,600 | €7,847 |
| Depreciation and write-downs of the year | €4,231 | €5,484 | €6,140 | €6,097 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,733 | €4,231 | €5,484 | €6,140 | €6,097 | ▼ 0.7% |
| Other operating charges640/8 | - | €278 | €8,502 | €1,861 | €1,174 | ▼ 36.9% |
| Gross operating margin9900 | €36,772 | €37,472 | €75,316 | €48,972 | €81,638 | ▲ 66.7% |
| Operating profit (loss)9901 | €31,154 | €32,963 | €61,330 | €40,971 | €74,366 | ▲ 81.5% |
| Financial income75/76B | - | - | €408 | €2,163 | €4,042 | ▲ 86.9% |
| Recurring financial income75 | €634 | - | €408 | €2,163 | €4,042 | ▲ 86.9% |
| Financial charges65/66B | - | €28 | €1,031 | €2,849 | €2,978 | ▲ 4.5% |
| Recurring financial charges65 | €286 | €28 | €1,031 | €2,849 | €2,978 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €31,502 | €32,935 | €60,707 | €40,285 | €75,430 | ▲ 87.2% |
| Income taxes67/77 | €4,200 | €4,543 | €16,857 | €10,038 | €16,925 | ▲ 68.6% |
| Profit (loss) for the period9904 | €27,302 | €28,392 | €43,850 | €30,246 | €58,506 | ▲ 93.4% |
| Profit (loss) for the period to be appropriated9905 | €27,302 | €28,392 | €43,850 | €30,246 | €58,506 | ▲ 93.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,218 | €89,797 | €91,193 | €151,088 | €100,633 | ▼ 33.4% |
| Fixed assets21/28 | €20,709 | €30,816 | €23,475 | €24,935 | €26,685 | ▲ 7.0% |
| Tangible fixed assets22/27 | €17,709 | €27,816 | €20,475 | €21,935 | €23,685 | ▲ 8.0% |
| Land and buildings22 | - | - | €7,802 | €3,699 | €3,597 | ▼ 2.7% |
| Furniture and vehicles24 | - | €13,010 | - | €7,697 | €7,814 | ▲ 1.5% |
| Other tangible fixed assets26 | - | €14,806 | €12,673 | €10,539 | €12,274 | ▲ 16.5% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €77,509 | €58,981 | €67,718 | €126,153 | €73,947 | ▼ 41.4% |
| Amounts receivable within one year40/41 | €5,667 | €43,486 | €67,572 | €122,347 | €69,906 | ▼ 42.9% |
| Trade receivables40 | - | €43,486 | €55,828 | €62,920 | - | - |
| Other amounts receivable41 | - | - | €11,744 | €59,427 | €69,906 | ▲ 17.6% |
| Cash at bank and in hand54/58 | €7,773 | €7,749 | €146 | €1,756 | - | - |
| Deferred charges and accrued income490/1 | - | €7,746 | - | €2,050 | €4,042 | ▲ 97.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,218 | €89,797 | €91,193 | €151,088 | €100,633 | ▼ 33.4% |
| Equity10/15 | €15,302 | €28,694 | €72,544 | €12,790 | €6,296 | ▼ 50.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | - | €3,000 | - | - | - | - |
| Issued capital100 | - | €3,000 | - | - | - | - |
| Profit (loss) carried forward14 | €12,302 | €25,694 | €69,544 | €9,790 | €3,296 | ▼ 66.3% |
| Amounts payable17/49 | €82,916 | €61,103 | €18,649 | €138,298 | €94,337 | ▼ 31.8% |
| Amounts payable within one year42/48 | €58,916 | €61,103 | €18,301 | €137,746 | €94,137 | ▼ 31.7% |
| Financial debts43 | - | - | - | - | €487 | - |
| Credit institutions430/8 | - | - | - | - | €487 | - |
| Trade debts44 | - | €9,548 | - | €19,684 | €1,011 | ▼ 94.9% |
| Suppliers440/4 | - | €9,548 | - | €19,684 | €1,011 | ▼ 94.9% |
| Taxes, remuneration and social security45 | - | €22,416 | €18,301 | €28,063 | €27,639 | ▼ 1.5% |
| Taxes450/3 | - | €22,416 | €18,301 | €28,063 | €27,639 | ▼ 1.5% |
| Other amounts payable47/48 | - | €29,139 | - | €90,000 | €65,000 | ▼ 27.8% |
| Accrued charges and deferred income492/3 | - | - | €348 | €552 | €200 | ▼ 63.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,302 | €28,392 | €43,850 | €30,246 | €58,506 | ▲ 93.4% |
| + Depreciation and write-downs630 | €1,733 | €4,231 | €5,484 | €6,140 | €6,097 | ▼ 0.7% |
| Operating cash flow (approximation) | €29,035 | €32,623 | €49,334 | €36,386 | €64,603 | ▲ 77.5% |
| Investment in fixed assets (approximation) | - | -€14,338 | €1,857 | -€7,600 | -€7,847 | ▼ 3.3% |
| Change in cash | - | -€24 | -€7,603 | €1,609 | - | - |
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, 2,153 companies had the same profile as FINARTECH DEVELOPMENT has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FINARTECH DEVELOPMENT itself: 0.5% within 12 months.
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 2,153 companies, not a prediction for FINARTECH DEVELOPMENT. 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 (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 12-01-2026 | 2026-00005664 | |
| 30-06-2024 | full format | 31-03-2025 | 2025-00060052 | |
| 30-06-2023 | full format | 29-02-2024 | 2024-00038222 | |
| 30-06-2022 | micro format | 16-02-2023 | 2023-00028642 | |
| 30-06-2021 | micro format | 21-02-2022 | 2022-06500305 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
FINARTECH DEVELOPMENT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FINARTECH DEVELOPMENT. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
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 address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25033B0905/00A000 | Wallonia | 966 m² | 1 · 64 m² | 12.3 m · 3 |