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FOX-WARE

Active
Public limited companyfounded 2021active for 4 yearsRue des Chasseurs-Ardennais 10, 4031 Liège, BelgiumKBO/BCE: BE 0776.977.720
Summary

FOX-WARE has been active since 2021 and the Belgian Official 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 about 20% per year across the filed financial years. Its solvency ranks better than 42% of 1,682 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, full format

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

2022 to 2025, 5 financial years

Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€339,461 2025 Operating result-€165,609 2025 Net result-€143,745 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial 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-€58,677below the sector's middle half--€27,751below the sector's middle half-€48,926within the sector's middle half€18,182within the sector's middle half▼ 62.8%-€143,745below the sector's middle half
EBIT margin-77.6%--23.6%-21.3%▲ 44.9pp6.3%▼ 15.0pp-48.8%▼ 55.1pp
Equity€141,323within the sector's middle half-€113,571within the sector's middle half-€194,016within the sector's middle half▲ 70.8%€317,517within the sector's middle half▲ 63.7%€260,448within the sector's middle half▼ 18.0%
Total assets€269,838within the sector's middle half-€228,772within the sector's middle half-€515,768within the sector's middle half▲ 125%€848,807within the sector's middle half▲ 64.6%€852,311within the sector's middle half▲ 0.4%
Debt€128,515-€115,200-€321,752▲ 179%€531,290▲ 65.1%€591,863▲ 11.4%
Working capital€120,299within the sector's middle half-€94,412within the sector's middle half-€292,532within the sector's middle half▲ 210%€256,590within the sector's middle half▼ 12.3%€63,110within the sector's middle half▼ 75.4%
Solvency52.4%within the sector's middle half-49.6%within the sector's middle half-37.6%within the sector's middle half▼ 12.0pp37.4%within the sector's middle half▼ 0.2pp30.6%within the sector's middle half▼ 6.8pp
Current ratio2.01within the sector's middle half-1.89within the sector's middle half-5.79above the sector's middle half▲ 3.891.98within the sector's middle half▼ 3.801.20within the sector's middle half▼ 0.78
Return on assets (ROA)-21.7%below the sector's middle half--12.1%below the sector's middle half-9.5%within the sector's middle half▲ 21.6pp2.1%within the sector's middle half▼ 7.3pp-16.9%below the sector's middle half▼ 19.0pp
Staff (FTE)0.7-2-4.3within the sector's middle half▲ 115%5.8within the sector's middle half▲ 34.9%5.3within the sector's middle half▼ 8.6%
above within below the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2023 Turnover +127% on 2022. The previous financial year ran 6 months, this one 12. The accounts now follow the full format, last year the micro format.
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
Debt to equity
2.27▲
2024 · 1.67
ROE
-55.2%▼
2024 · 5.7%
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.

Peer companies

Historical observation

Of the 3,223 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 87.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.4% went bankrupt
8.7% stopped otherwise
87.8% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,223 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

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 sheet
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-
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-
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-
Profit (loss) for the period to be appropriated9905-€58,677-€27,751€48,926€18,182-€143,745-
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-
+ 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-
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.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2025 full format 15-07-2026 2026-00312338
31-12-2024 full format 17-07-2025 2025-00287821
31-12-2023 full format 20-06-2024 2024-00161534
31-12-2022 micro format 30-06-2023 2023-00190304
30-06-2022 micro format 31-01-2023 2023-00020719

Similar companies · same sector, comparable size

Of the 29,903 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,962. 14,406 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.