FRAGMATIX
ActiveFRAGMATIX has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €302k and a net result of €46k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+2
Solvency84▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 26.77 in 2024; short-term debt: 40.7% and cash: 26.4% of total assets), and 40.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 62
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.3%
Return on assets
9.1%
Age of the figures
9 mo
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
29 d late
2023
23 d late
2022
53 d early
2021
79 d early
2020
115 d early
2019
28 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€302k▼ 31.6%
2024 · €441k
2018: €209k
2019: €234k
2020: €296k
2021: €312k
2022: €359k
2023: €407k
2024: €441k
2018 → 2025
Total assets
€509k▲ 11.6%
2024 · €456k
2018: €275k
2019: €332k
2020: €372k
2021: €372k
2022: €420k
2023: €420k
2024: €456k
2018 → 2025
Net result
€46k▲ 35.9%
2024 · €34k
2018: €59k
2019: €57k
2020: €69k
2021: €63k
2022: €90k
2023: €48k
2024: €34k
2018 → 2025
Working capital
€256k▼ 32.1%
2024 · €377k
2018: €249k
2019: €276k
2020: €336k
2021: €285k
2022: €336k
2023: €326k
2024: €377k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€312k-€359k▲ 15.1%€407k▲ 13.4%€441k▲ 8.4%€302k▼ 31.6%
Operating result€94k-€133k▲ 41.2%€67k▼ 49.7%€49k▼ 25.7%€66k▲ 33.6%
Net result€63k-€90k▲ 43.2%€48k▼ 46.7%€34k▼ 29.2%€46k▲ 35.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €509k
Fixed assets
€46k▼ 28.5%
Current assets
€463k▲ 18.3%
Equity and liabilities €509k
Equity
€302k▼ 31.6%
Debt
€207k▲ 1,317%
The debt ratio rises from 3.2% to 40.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84k▲
2024 · €72k
Cash flow
€65k▲
2024 · €57k
Solvency
59.3%▼
2024 · 96.8%
Current ratio
2.24▼
2024 · 26.77
Quick ratio
2.23▼
2024 · 26.67
Debt / equity
0.69▲
2024 · 0.03
ROE
15.3%▲
2024 · 7.7%
ROA
9.1%▲
2024 · 7.5%
Interest coverage
72.19▲
2024 · 34.95
Debt
€207k▲
2024 · €15k
Debt ≤ 1 year
€207k▲
2024 · €15k
Income taxes
€22k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€456k€509k▲
Fixed assets21/28€64k€46k▼
Tangible fixed assets22/27€64k€46k▼
Furniture and vehicles24€55k€37k▼
Other tangible fixed assets26€9k€9k=
Current assets29/58€391k€463k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€1k€445▼
Stocks30/36€1k€445▼
Amounts receivable within one year40/41€15k€9k▼
Trade receivables40€14k€9k▼
Other amounts receivable41€383€0▼
Current investments50/53€283k€319k▲
Cash at bank and in hand54/58€91k€134k▲
Deferred charges and accrued income490/1€726€0▼
Equity and liabilities
Total equity and liabilities10/49€456k€509k▲
Equity10/15€441k€302k▼
Contributions10/11€19k€19k=
Reserves13€422k€283k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€420k€281k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€15k€207k▲
Amounts payable within one year42/48€15k€207k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€12k€17k▲
Taxes450/3€12k€17k▲
Other amounts payable47/48€2k€188k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€18k▼
Other operating charges640/8€585€865▲
Gross operating margin9900€73k€85k▲
Operating profit (loss)9901€49k€66k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€51k€68k▲
Income taxes67/77€17k€22k▲
Profit (loss) for the period9904€34k€46k▲
Profit (loss) for the period to be appropriated9905€34k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€46k▲
Transfer from equity791/2-€185k
Transfer to equity691/2€34k€46k▲
To other reserves6921€34k€46k▲
Profit to be distributed694/7-€185k
Return on contributions (dividend)694-€185k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €34k ▼29.2%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 25.19
Current ratio from 6.50 to 25.19; short-term debt falls from €61k to €13k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €90k ▲43.2%
Operating result €133k, net result €90k, both a record.
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 19.37
Current ratio from 7.86 to 19.37; short-term debt falls from €40k to €18k.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Erpe-Mere · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kerkhofstraat 389420 Erpe-MereGround area
557 m²
Building footprint
118 m²
Volume, LiDAR
766 m³
Parcel 41040B0606/00G000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kerkhofstraat 38, 9420 Erpe-Mere
since 19992.092.451.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040B0606/00G000 | Flanders | 557 m² | 1 · 118 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,948 EUR awarded · 1,948 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,948 EUR | 1,948 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Recognitions · licences · registrations
Legal Entity Identifier
967600ZCSMOMLSIH9J91
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Of 16,886 companies in sector 62100 we hold annual accounts for 8,777. 6,170 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-1999
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
47400Retail sale of information and communication equipment
47410Retail trade
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:053831358
Phone:0496184042