FW4
ActiveSummary
FW4 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €100,719 and a net result of -€54,548. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency87▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.51 against 2.58 in 2023; short-term debt: 38.3% and cash: 53.9% of total assets), and 38.3% of the assets are financed with debt.
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Signals
Four 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.7%
Return on assets
-33.4%
Age of the figures
21 mo
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
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 21-06-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
36 d early
2023
2 d early
2022
1 d early
2021
32 d early
2020
43 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% 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. Usually files around 29 June (5 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€100,719▼ 35.1%
2023 · €155,267
Total assets
€163,212▼ 33.7%
2023 · €246,203
Net result
-€54,548▲ 23.5%
2023 · -€71,324
Working capital
€94,290▼ 34.5%
2023 · €143,993
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€9,382€14,730€105,095▲ 613%-€69,690-€53,472▲ 23.3%
Net result-€11,670below the sector's middle half€7,594within the sector's middle half€80,877above the sector's middle half▲ 965%-€71,324below the sector's middle half-€54,548below the sector's middle half▲ 23.5%
Equity€143,690above the sector's middle half▼ 7.5%€151,284above the sector's middle half▲ 5.3%€226,591above the sector's middle half▲ 49.8%€155,267above the sector's middle half▼ 31.5%€100,719within the sector's middle half▼ 35.1%
Total assets€220,182within the sector's middle half▼ 15.4%€217,213within the sector's middle half▼ 1.3%€335,041above the sector's middle half▲ 54.2%€246,203within the sector's middle half▼ 26.5%€163,212within the sector's middle half▼ 33.7%
Debt€76,492▼ 27.0%€65,929▼ 13.8%€108,450▲ 64.5%€90,935▼ 16.2%€62,493▼ 31.3%
Working capital€139,192above the sector's middle half▼ 6.3%€143,505above the sector's middle half▲ 3.1%€215,301above the sector's middle half▲ 50.0%€143,993above the sector's middle half▼ 33.1%€94,290within the sector's middle half▼ 34.5%
Solvency65.3%within the sector's middle half▲ 5.5pp69.6%within the sector's middle half▲ 4.4pp67.6%within the sector's middle half▼ 2.0pp63.1%within the sector's middle half▼ 4.6pp61.7%within the sector's middle half▼ 1.4pp
Current ratio2.82within the sector's middle half▲ 0.403.18within the sector's middle half▲ 0.362.99within the sector's middle half▼ 0.192.58within the sector's middle half▼ 0.402.51within the sector's middle half▼ 0.07
Return on assets (ROA)-5.3%below the sector's middle half▼ 29.6pp3.5%within the sector's middle half▲ 8.8pp24.1%within the sector's middle half▲ 20.6pp-29.0%below the sector's middle half▼ 53.1pp-33.4%below the sector's middle half▼ 4.5pp
Staff (FTE)5.6above the sector's middle half▼ 8.2%4.5▼ 19.6%3.4▼ 24.4%3.9▲ 14.7%3▼ 23.1%
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €53,472 in 2024 against €69,690 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €163,212
Fixed assets
€6,429 ▼ 43.0%
Current assets
€156,782 ▼ 33.3%
Equity and liabilities €163,212
Equity
€100,719 ▼ 35.1%
Debt
€62,493 ▼ 31.3%
Debt's share of the balance-sheet total rises from 36.9% to 38.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€47,411▲
2023 · -€64,055
Cash flow
-€48,487▲
2023 · -€65,689
Debt to equity
0.62▲
2023 · 0.59
ROE
-54.2%▼
2023 · -45.9%
Interest coverage
-153.13▼
2023 · -127.65
Debt ≤ 1 year
€62,493▼
2023 · €90,935
Income taxes
€1,085▼
2023 · €1,179
Staff costs
€213,085▼
2023 · €253,621
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 4,805 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €201,936 | €175,311 | €253,621 | €213,085 | ▼ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,471 | €3,192 | €5,177 | €5,635 | €6,061 | ▲ 7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €840 | €0 | - | - |
| Other operating charges640/8 | - | €399 | €348 | €1,930 | €387 | ▼ 79.9% |
| Non-recurring operating charges66A | - | - | - | - | €705 | - |
| Gross operating margin9900 | €232,346 | €220,257 | €286,770 | €191,495 | €166,767 | ▼ 12.9% |
| Operating profit (loss)9901 | -€9,382 | €14,730 | €105,095 | -€69,690 | -€53,472 | ▲ 23.3% |
| Financial income75/76B | - | €36 | €1 | €47 | €319 | ▲ 578% |
| Recurring financial income75 | €353 | €36 | €1 | €47 | €319 | ▲ 578% |
| Financial charges65/66B | - | €323 | €394 | €502 | €310 | ▼ 38.3% |
| Recurring financial charges65 | €398 | €323 | €394 | €502 | €310 | ▼ 38.3% |
| Profit (loss) for the period before taxes9903 | -€9,427 | €14,443 | €104,702 | -€70,144 | -€53,463 | ▲ 23.8% |
| Income taxes67/77 | €2,243 | €6,849 | €23,825 | €1,179 | €1,085 | ▼ 8.0% |
| Profit (loss) for the period9904 | -€11,670 | €7,594 | €80,877 | -€71,324 | -€54,548 | ▲ 23.5% |
| Profit (loss) for the period to be appropriated9905 | -€11,670 | €7,594 | €80,877 | -€71,324 | -€54,548 | ▲ 23.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €220,182 | €217,213 | €335,041 | €246,203 | €163,212 | ▼ 33.7% |
| Fixed assets21/28 | €4,497 | €7,779 | €11,289 | €11,274 | €6,429 | ▼ 43.0% |
| Tangible fixed assets22/27 | €4,497 | €7,779 | €11,289 | €11,274 | €6,429 | ▼ 43.0% |
| Plant, machinery and equipment23 | - | €720 | €541 | €3,515 | €4,039 | ▲ 14.9% |
| Furniture and vehicles24 | - | €7,059 | €10,749 | €7,759 | €2,391 | ▼ 69.2% |
| Current assets29/58 | €215,684 | €209,434 | €323,752 | €234,929 | €156,782 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €46,266 | €35,862 | €82,882 | €35,253 | €37,426 | ▲ 6.2% |
| Trade receivables40 | - | €28,211 | €82,706 | €35,253 | €37,312 | ▲ 5.8% |
| Other amounts receivable41 | - | €7,651 | €176 | €0 | €115 | - |
| Current investments50/53 | - | - | €26,930 | €26,930 | €26,930 | = |
| Cash at bank and in hand54/58 | €162,484 | €167,973 | €208,936 | €168,509 | €88,043 | ▼ 47.8% |
| Deferred charges and accrued income490/1 | - | €5,599 | €5,003 | €4,237 | €4,383 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €220,182 | €217,213 | €335,041 | €246,203 | €163,212 | ▼ 33.7% |
| Equity10/15 | €143,690 | €151,284 | €226,591 | €155,267 | €100,719 | ▼ 35.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €28,790 | €28,790 | €28,790 | = |
| Non-distributable reserves130/1 | - | €1,860 | €28,790 | €26,930 | €26,930 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Own shares acquired1312 | - | - | €26,930 | €26,930 | €26,930 | = |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €123,230 | €130,824 | €179,201 | €107,877 | €53,329 | ▼ 50.6% |
| Amounts payable17/49 | €76,492 | €65,929 | €108,450 | €90,935 | €62,493 | ▼ 31.3% |
| Amounts payable within one year42/48 | €76,492 | €65,929 | €108,450 | €90,935 | €62,493 | ▼ 31.3% |
| Trade debts44 | €15,949 | €18,562 | €14,907 | €9,506 | €6,940 | ▼ 27.0% |
| Suppliers440/4 | - | €18,562 | €14,907 | €9,506 | €6,940 | ▼ 27.0% |
| Taxes, remuneration and social security45 | - | €47,368 | €61,044 | €81,430 | €55,553 | ▼ 31.8% |
| Taxes450/3 | - | €27,081 | €44,617 | €35,253 | €33,850 | ▼ 4.0% |
| Remuneration and social security454/9 | - | €20,287 | €16,427 | €46,177 | €21,703 | ▼ 53.0% |
| Other amounts payable47/48 | - | - | €32,500 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,670 | €7,594 | €80,877 | -€71,324 | -€54,548 | ▲ 23.5% |
| + Depreciation and write-downs630 | €4,471 | €3,192 | €5,177 | €5,635 | €6,061 | ▲ 7.6% |
| Operating cash flow (approximation) | -€7,199 | €10,785 | €86,054 | -€65,689 | -€48,487 | ▲ 26.2% |
| Investment in fixed assets (approximation) | - | -€6,473 | -€8,687 | -€5,619 | -€1,217 | ▲ 78.3% |
| Change in cash | - | €5,489 | €40,963 | -€40,428 | -€80,466 | ▼ 99.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€71,324
Net result drops to -€71,324, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €80,877 ▲965%
Operating result €105,095, net result €80,877, both a record.
31-12
Financial
Equity above €200,000Eq €226,591 ▲49.8%
2 profitable years in a row build equity to €226,591.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7,594
Net result €7,594 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €151,284 ▲5.3%
Equity rises from €143,690 to €151,284.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €63,088
Net result €63,088 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €155,360 ▲68.4%
Equity rises from €92,272 to €155,360.
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
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.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Leuven · 1 establishment unit since 2013
Ground area
5,741 m²
Building footprint
1,562 m²
Volume, LiDAR
14,818 m³
Parcel 24514C0032/00H000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Technologielaan 3, 3001 Leuven
since 20132.222.970.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0032/00H000 | Flanders | 5,740 m² | 1 · 1,562 m² | 11.8 m · 3 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.
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Of 3,149 companies in sector 63920 we hold annual accounts for 1,525. 1,253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63920Other information service activities
62200Computer consultancy and computer facilities management
Contact
E-mail
contact@fw4.be
Phone
016/895189
E-invoicing
Reachable via Peppol
Peppol ID
0208:0539758379
Registered
30-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.