GLITCH_
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
GLITCH_ has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,138 and a net result of €39,930. Its solvency ranks better than 66% of 21,130 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 01-08-2023 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 4 others
- Establishment unit
- 2.355.185.338 9400 Ninove, since 01-08-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 23-06-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €65,424
- ▼ 11.5%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €39,930
- ▼ 18.0%
- Equity
- €91,138
- ▲ 78.0%
- Total assets
- €123,367
- ▲ 38.4%
Score breakdownraises riskFounded in 2023lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 2.85, cash €53,156Equity €91,138 (73.9% of total assets)Show the evidence
Checked score
Fewer than 1 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 68% of them on solvency, 78% on liquidity, 82% on profitability and 86% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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 2 accounts on average 10 days before 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, micro format
Annual accounts 2025 filed on 27-01-2026 PDF all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 15% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as GLITCH_: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €118,000 and €126,000, founded in 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| GLITCH_ Ninove | 2023 | €123,367 | €91,138 | €65,424 | €39,930 | 2025 |
| BoByte Zulte | 2023 | €123,563 | €87,183 | €63,999 | €31,864 | 2025 |
| van Geest Sint-Niklaas | 2023 | €119,976 | €87,271 | €63,694 | €41,645 | 2025 |
| Nouméa Gavere | 2023 | €125,995 | €110,021 | €66,860 | €47,240 | 2025 |
| &RG Maarkedal | 2023 | €118,911 | €117,836 | €69,157 | €45,042 | 2025 |
| Flownet Aalst | 2023 | €118,337 | €91,830 | €60,928 | €40,445 | 2025 |
| Data View Consulting Merelbeke-Melle | 2023 | €117,792 | €93,562 | €69,528 | €50,561 | 2025 |
They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as GLITCH_ has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of GLITCH_ itself is lower: < 0.1% within 12 months. It rests on far more data about GLITCH_ than the profile alone.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for GLITCH_. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €22 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,838 | €6,147 | ▲ 234% |
| Other operating charges640/8 | €2,358 | €187 | ▼ 92.1% |
| Gross operating margin9900 | €73,889 | €65,424 | ▼ 11.5% |
| Operating profit (loss)9901 | €69,670 | €59,090 | ▼ 15.2% |
| Financial income75/76B | - | €105 | - |
| Recurring financial income75 | - | €105 | - |
| Financial charges65/66B | €2,256 | €2,892 | ▲ 28.2% |
| Recurring financial charges65 | €2,256 | €2,892 | ▲ 28.2% |
| Profit (loss) for the period before taxes9903 | €67,414 | €56,303 | ▼ 16.5% |
| Income taxes67/77 | €18,706 | €16,373 | ▼ 12.5% |
| Profit (loss) for the period9904 | €48,708 | €39,930 | ▼ 18.0% |
| Profit (loss) for the period to be appropriated9905 | €48,708 | €39,930 | ▼ 18.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €89,143 | €123,367 | ▲ 38.4% |
| Fixed assets21/28 | €8,523 | €36,423 | ▲ 327% |
| Tangible fixed assets22/27 | €8,523 | €36,423 | ▲ 327% |
| Land and buildings22 | €3,995 | €28,180 | ▲ 605% |
| Plant, machinery and equipment23 | €2,600 | €4,241 | ▲ 63.1% |
| Furniture and vehicles24 | €1,928 | €4,002 | ▲ 108% |
| Current assets29/58 | €80,620 | €86,944 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €15,730 | €33,788 | ▲ 115% |
| Trade receivables40 | €15,730 | €33,788 | ▲ 115% |
| Cash at bank and in hand54/58 | €64,704 | €53,156 | ▼ 17.8% |
| Deferred charges and accrued income490/1 | €186 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €89,143 | €123,367 | ▲ 38.4% |
| Equity10/15 | €51,208 | €91,138 | ▲ 78.0% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €48,708 | €88,638 | ▲ 82.0% |
| Distributable reserves133 | €48,708 | €88,638 | ▲ 82.0% |
| Amounts payable17/49 | €37,934 | €32,229 | ▼ 15.0% |
| Amounts payable within one year42/48 | €37,934 | €30,481 | ▼ 19.6% |
| Trade debts44 | €4,333 | - | - |
| Suppliers440/4 | €4,333 | - | - |
| Taxes, remuneration and social security45 | €32,449 | €27,959 | ▼ 13.8% |
| Taxes450/3 | €32,449 | €27,959 | ▼ 13.8% |
| Other amounts payable47/48 | €1,153 | €2,521 | ▲ 119% |
| Accrued charges and deferred income492/3 | - | €1,748 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €48,708 | €39,930 | ▼ 18.0% |
| + Depreciation and write-downs630 | €1,838 | €6,147 | ▲ 234% |
| Operating cash flow (approximation) | €50,547 | €46,077 | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | -€34,047 | - |
| Change in cash | - | -€11,548 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- VAN DROOGENBROECK Frederik 250 shares (100%) · €2,500
Capital transactions
- 03-08-2023 Incorporation · €2,500 · 250 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “10, onbepaalde duur bij gebrek aan bepaling”“12, algemene kosten”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “9, zonder goedkeuring”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Om welke reden en op welk ogenblik ook, recht AV één of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen,vergoeding te bepalen”
Articles of association, deed of 03-08-2023 (in Dutch)
Network & group
GLITCH_ shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of GLITCH_. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
03-08
Gazette deed
IncorporationAppointment: VAN DROOGENBROECK Frederik (director) · Permanent representative: VAN DROOGENBROECK Frederik · Founder11 points ▸
- Incorporation, “GLITCH_” (deed in Dutch)
- Founder, VAN DROOGENBROECK Frederik (comparant)
- Founding capital, €2,500
- Bank account, EUR, “vennootschap in oprichting” (deed in Dutch)
- Other provision, “overeenkomstig wet, uitwerking slot-en overgangsbepalingen” (deed in Dutch)
- Registered office clause, “9400 Ninove(Appelterre-Eichem),Terrasstraat 41” (deed in Dutch)
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, VAN DROOGENBROECK Frederik (director (not named in the articles))
- Permanent representative, VAN DROOGENBROECK Frederik
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten vanaf heden door comparanten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Other provision, “artikelen 1:34 en 1:35 WVV, UBO-register” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 1 August 2023, GLITCH_ was incorporated as a private limited company by one natural person, with a starting capital of €2,500.12 VAN DROOGENBROECK Frederik is director of the company, appointed in the act of 03-08-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202519 activities
- Het analyseren en ontwerpen van computersystemen waarbij hardware, software en communicatietechnologie worden geïntegreerd. De dienstverlening kan ook een opleiding voor de desbetreffende gebruikers omvatten.
- Het verlenen van advies over soorten computers (hardware) en hun configuratie en over de toepassing van de bijbehorende programmatuur (software), alsook het analyseren van de behoeften en problemen van de gebruiker en het aanbieden van de beste oplossing.
- Ontwerpen en programmeren van computerprogramma's.
- Computerconsultancy-activiteiten.
- Overige diensten op het gebied van informatietechnologie en computer.
- Beheer van computerfaciliteiten.
- Aan-en verkoop, verhuur van, in- en uitvoer, zowel groot-als kleinhandel, van hardware, goederen in de automatiseringssector, software, informatica, organisatie en raadgevingen in het domein van de informatica.
- De behandeling en verwerking van tekst, beeld en klank, het uitbaten van een drukkerij en uitgeverij. Zij zal eveneens alle machines die daarmee betrekking hebben mogen in- en uitvoeren, bouwen, onderhouden, alle patenten neerleggen en uitbaten zowel voor eigen rekening als voor rekening van derden.
- Het geven van adviezen op het gebied van de algemene beleidsvorming, alsmede het verstrekken aan vennootschappen en ondernemingen van beheersadviezen in alle sectoren en het verlenen van diensten op het gebied van marketing, verkoop, public relations, personeelszaken, financiën en organisatie.
- De vennootschap kan functies van bestuurder in andere vennootschappen uitoefenen; de vennootschap kan zich, tegen vergoeding, borg stellen en roerende en onroerende goederen in pand nevenhypothekeren voor verbintenissen door derde personen aangegaan.
- Zij mag alle handels-, nijverheids-, financiële, roerende of onroerende zaken verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- De vennootschap mag op welke wijze ook, betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk of samenhangend voorwerp hebben, of die de ontwikkeling van haar onderneming kunnen bevorderen, haar grondstoffen kunnen leveren, of de afzet van haar producten kunnen vergemakkelijken.
- Handelsbemiddeling in goederen, algemeen assortiment
- Groothandel in computers, randapparatuur en programmatuur; Groothandel in overige kantoormachines en kantoorbenodigdheden; Telecommmunicatie Onderhoud en reparatie van computers en van boekhouden en overige kantoormachines; Overige activiteiten in verband met computers
- Gespecialiseerde detailhandel in kantoormachines en meubelen, computers en standaardprogrammatuur en telecommunicatie-apparatuur; Computeradviesbureaus;
- Uitgeverijen van programmatuur; Overige advisering in verband met programmatuur en levering van programmatuur; Gegevensverwerking; Databanken;
- Het beheer van onroerend vermogen; ze mag, in dit verband, alle verrichtingen van aankoop, bouw, verandering, inrichting, verhuring, onderhuur, ruil en verkoop van alle onroerende goederen uitvoeren;
- Het verwerven, inrichten, herstellen en tot waarde brengen, beheren, verhuren, in leasing nemen of geven of laten gebruiken op alle mogelijke wijze van gebouwen en ongebouwde onroerende goederen; het beheer van beleggingen en vermogens; het verwerven door inschrijving of aankoop en het beheren van aandelen en obligaties of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse ondernemingen van commerciële, financiële, industriële of dienstverlenende aard.
- Zij mag alle handels-, nijverheids-, financiële, roerende of onroerende zaken verrichten die rechtstreeks of onrechtstreeks in verband staan met haar doel. De vennootschap mag op elke wijze ook, betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk of samenhangend doel hebben, of die de ontwikkeling van haar onderneming kunnen bevorderen, haar grondstoffen kunnen leveren, of de afzet van haar producten kunnen vergemakkelijken.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41003B1194/00L000 | Flanders | 2,321 m² | 1 · 206 m² | 6.2 m · 1 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.