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FOX-WARE

Active
Public limited companyfounded 20214 yrs activeRue des Chasseurs-Ardennais 10, 4031 Liège, BelgiumKBO/BCE: BE 0776.977.720
Summary

FOX-WARE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260,448 and a net result of -€143,745. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 1431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-72
Solvency56▼-6
Growth68▼-17
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.98 in 2024; short-term debt: 36.9% and cash: 2.3% of total assets), and 69.4% of the assets are financed with debt.
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Signals

Five 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
16 d early
2024
14 d early
2023
41 d early
2022
31 d early
2022
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 20 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

On 9 November 2021, FOX-WARE was incorporated as a Public limited company.1 Revenue went from EUR 74,267 in 2022 to EUR 339,461 in 2025 and headcount from 0.7 to 5.3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€339,461▲ 0.1%
2024 · €339,256
EBIT margin
-48.8%▼ 55.1pp
2024 · 6.3%
Net result
-€143,745
2024 · €18,182
Working capital
€63,110▼ 75.4%
2024 · €256,590
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
Line20222022202320242025
Turnover€74,267-€112,561-€255,850▲ 127%€339,256▲ 32.6%€339,461▲ 0.1%
Operating result-€57,661--€26,521-€54,588€21,441▼ 60.7%-€165,609
Net result-€58,677--€27,751-€48,926€18,182▼ 62.8%-€143,745
EBIT margin-77.6%--23.6%-21.3%▲ 44.9pp6.3%▼ 15.0pp-48.8%▼ 55.1pp
Equity€141,323-€113,571-€194,016▲ 70.8%€317,517▲ 63.7%€260,448▼ 18.0%
Total assets€269,838-€228,772-€515,768▲ 125%€848,807▲ 64.6%€852,311▲ 0.4%
Debt€128,515-€115,200-€321,752▲ 179%€531,290▲ 65.1%€591,863▲ 11.4%
Working capital€120,299-€94,412-€292,532▲ 210%€256,590▼ 12.3%€63,110▼ 75.4%
Staff (FTE)0.7-2-4.3▲ 115%5.8▲ 34.9%5.3▼ 8.6%
Why a figure moved sharply
  • 2024 Equity +64%, Total assets +65% on 2023. Cause not known from the registers.
  • 2023 Turnover +127% on 2022. The previous fiscal year ran 6 months, this one 12. The accounts now follow the full schema, last year the micro schema.
  • 2023 Total assets +125% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2022: -€57,661-€57,661Net result 2022: -€58,677-€58,677Operating result 2022: -€26,521-€26,521Net result 2022: -€27,751-€27,751Operating result 2023: €54,588€54,588Net result 2023: €48,926€48,926Operating result 2024: €21,441€21,441Net result 2024: €18,182€18,182Operating result 2025: -€165,609-€165,609Net result 2025: -€143,745-€143,74520222022202320242025-€200,000-€100,000€0€100,000Operating result 2023: €54,588€54,600Net result 2023: €48,926€48,900Operating result 2024: €21,441€21,400Net result 2024: €18,182€18,200Operating result 2025: -€165,609-€166,000Net result 2025: -€143,745-€144,000202320242025
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €852,311
Fixed assets €474,987 ▲ 43.4%
Current assets €377,324 ▼ 27.1%
Equity and liabilities €852,311
Equity €260,448 ▼ 18.0%
Debt €591,863 ▲ 11.4%
Debt's share of the balance-sheet total rises from 62.6% to 69.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€67,806▼
2024 · €71,764
Cash flow
-€45,943▼
2024 · €68,505
Current ratio
1.20▼
2024 · 1.98
Debt to equity
2.27▲
2024 · 1.67
ROE
-55.2%▼
2024 · 5.7%
ROA
-16.9%▼
2024 · 2.1%
Interest coverage
-3.85▼
2024 · 4.35
Debt ≤ 1 year
€314,214▲
2024 · €261,021
Debt > 1 year
€274,554▲
2024 · €259,382
Income taxes
€1,132▼
2024 · €1,187
Staff costs
€392,057▲
2024 · €383,898
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€848,807€852,311▲
Fixed assets21/28€331,196€474,987▲
Intangible fixed assets21€319,773€455,597▲
Tangible fixed assets22/27€2,041€10,008▲
Furniture and vehicles24€2,041€10,008▲
Financial fixed assets28€9,382€9,382=
Current assets29/58€517,611€377,324▼
Amounts receivable within one year40/41€483,798€351,894▼
Trade receivables40€318,111€52,274▼
Other amounts receivable41€165,687€299,620▲
Cash at bank and in hand54/58€27,959€19,457▼
Deferred charges and accrued income490/1€5,853€5,973▲
Equity and liabilities
Total equity and liabilities10/49€848,807€852,311▲
Equity10/15€317,517€260,448▼
Contributions10/11€200,000€200,000=
Capital10€200,000€200,000=
Issued capital100€200,000€200,000=
Profit (loss) carried forward14-€19,320-€163,066▼
Investment grants15€136,837€223,514▲
Amounts payable17/49€531,290€591,863▲
Amounts payable after more than one year17€259,382€274,554▲
Financial debts170/4€259,382€274,554▲
Amounts payable within one year42/48€261,021€314,214▲
Trade debts44€13,342€73,056▲
Suppliers440/4€13,342€73,056▲
Taxes, remuneration and social security45€98,561€89,403▼
Taxes450/3€43,308€39,612▼
Remuneration and social security454/9€55,253€49,791▼
Other amounts payable47/48€149,118€151,754▲
Accrued charges and deferred income492/3€10,887€3,095▼
Income statement Code20242025
Turnover70€339,256€339,461▲
Goods, raw materials, services and sundry goods60/61€158,653€268,601▲
Remuneration, social security and pensions62€383,898€392,057▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,323€97,803▲
Other operating charges640/8€789€927▲
Gross operating margin9900€456,451€325,178▼
Operating profit (loss)9901€21,441-€165,609▼
Financial income75/76B€14,411€40,597▲
Recurring financial income75€14,411€40,597▲
Financial charges65/66B€16,483€17,601▲
Recurring financial charges65€16,483€17,601▲
Profit (loss) for the period before taxes9903€19,369-€142,613▼
Income taxes67/77€1,187€1,132▼
Profit (loss) for the period9904€18,182-€143,745▼
Profit (loss) for the period to be appropriated9905€18,182-€143,745▼
Appropriation of the result
Profit (loss) to be appropriated9906-€19,320-€163,066▼
Profit (loss) brought forward from the previous period14P-€37,503-€19,320▲
Social balance
Average headcount (FTE)90875.85.3▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222022202320242025Change
Turnover70€74,267€112,561€255,850€339,256€339,461▲ 0.1%
Goods, raw materials, services and sundry goods60/61€82,375€65,466€87,205€158,653€268,601▲ 69.3%
Remuneration, social security and pensions62€48,603€63,357€266,713€383,898€392,057▲ 2.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,577€2,525€15,312€50,323€97,803▲ 94.4%
Other operating charges640/8€411€31,205€3,570€789€927▲ 17.5%
Gross operating margin9900-€7,070€70,567€340,183€456,451€325,178▼ 28.8%
Operating profit (loss)9901-€57,661-€26,521€54,588€21,441-€165,609▼ 872%
Financial income75/76B--€260€14,411€40,597▲ 182%
Recurring financial income75--€260€14,411€40,597▲ 182%
Financial charges65/66B€667€1,311€5,223€16,483€17,601▲ 6.8%
Recurring financial charges65€667€1,311€5,223€16,483€17,601▲ 6.8%
Profit (loss) for the period before taxes9903-€58,328-€27,832€49,625€19,369-€142,613▼ 836%
Income taxes67/77€349-€80€698€1,187€1,132▼ 4.6%
Profit (loss) for the period9904-€58,677-€27,751€48,926€18,182-€143,745▼ 891%
Profit (loss) for the period to be appropriated9905-€58,677-€27,751€48,926€18,182-€143,745▼ 891%
Line20222022202320242025Change
Assets
Total assets20/58€269,838€228,772€515,768€848,807€852,311▲ 0.4%
Fixed assets21/28€30,406€28,541€162,125€331,196€474,987▲ 43.4%
Intangible fixed assets21€18,160€16,230€150,054€319,773€455,597▲ 42.5%
Tangible fixed assets22/27€2,864€2,929€2,690€2,041€10,008▲ 390%
Furniture and vehicles24€2,864€2,929€2,690€2,041€10,008▲ 390%
Financial fixed assets28€9,382€9,382€9,382€9,382€9,382=
Current assets29/58€239,432€200,230€353,642€517,611€377,324▼ 27.1%
Amounts receivable within one year40/41€57,463€90,732€39,417€483,798€351,894▼ 27.3%
Trade receivables40€57,463€86,778€7,660€318,111€52,274▼ 83.6%
Other amounts receivable41-€3,954€31,757€165,687€299,620▲ 80.8%
Cash at bank and in hand54/58€181,970€107,750€311,040€27,959€19,457▼ 30.4%
Deferred charges and accrued income490/1-€1,749€3,185€5,853€5,973▲ 2.1%
Equity and liabilities
Total equity and liabilities10/49€269,838€228,772€515,768€848,807€852,311▲ 0.4%
Equity10/15€141,323€113,571€194,016€317,517€260,448▼ 18.0%
Contributions10/11€200,000€200,000€200,000€200,000€200,000=
Capital10€200,000€200,000€200,000€200,000€200,000=
Issued capital100€200,000€200,000€200,000€200,000€200,000=
Profit (loss) carried forward14-€58,677-€86,429-€37,503-€19,320-€163,066▼ 744%
Investment grants15--€31,518€136,837€223,514▲ 63.3%
Amounts payable17/49€128,515€115,200€321,752€531,290€591,863▲ 11.4%
Amounts payable after more than one year17€9,382€9,382€259,382€259,382€274,554▲ 5.8%
Financial debts170/4€9,382€9,382€259,382€259,382€274,554▲ 5.8%
Amounts payable within one year42/48€119,133€105,819€61,110€261,021€314,214▲ 20.4%
Trade debts44€57,728€75,558€8,297€13,342€73,056▲ 448%
Suppliers440/4€57,728€75,558€8,297€13,342€73,056▲ 448%
Taxes, remuneration and social security45€59,991€30,261€52,025€98,561€89,403▼ 9.3%
Taxes450/3€46,696€5,253€7,321€43,308€39,612▼ 8.5%
Remuneration and social security454/9€13,295€25,008€44,703€55,253€49,791▼ 9.9%
Other amounts payable47/48€1,414-€788€149,118€151,754▲ 1.8%
Accrued charges and deferred income492/3--€1,260€10,887€3,095▼ 71.6%
Line20222022202320242025Change
Profit (loss) for the period9904-€58,677-€27,751€48,926€18,182-€143,745▼ 891%
+ Depreciation and write-downs630€1,577€2,525€15,312€50,323€97,803▲ 94.4%
Operating cash flow (approximation)-€57,101-€25,227€64,238€68,505-€45,943▼ 167%
Investment in fixed assets (approximation)---€148,896-€219,393-€241,594▼ 10.1%
Change in cash--€203,290-€283,080-€8,503▲ 97.0%

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
15-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€143,745
Net result drops to -€143,745, the lowest in the series.
17-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Equity above €200,000Eq €317,517 ▲63.7%
2 profitable years in a row build equity to €317,517.
20-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Back to profitnet €48,926
Net result €48,926 after 2 loss-making years.
31-12
Financial Liquidity triplescurrent ratio 5.79
Current ratio from 1.89 to 5.79; short-term debt falls from €105,819 to €61,110.
31-12
Financial Equity above €150,000Eq €194,016 ▲70.8%
Equity rises from €113,571 to €194,016.
30-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Liège · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
8,919 m²
Building footprint
538 m²
Volume, LiDAR
3,770 m³
Parcel 62002C0005/00M010, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Fox-WARE
Rue des Chasseurs-Ardennais 10, 4031 LiègeComputer programming, consultancy and related activities
since 20212.370.659.709
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62002C0005/00M010 Wallonia 8,919 m² 1 · 538 m² 8.2 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.

Similar companies · same sector, comparable size

Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 14,105 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded09-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
E-mail arnaud.allaer@lacar-mdx.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0776977720
Also 9925:BE0776977720
Registered 26-11-2025

Register as of 26 September 2026 · Peppol Directory

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