HYPERFOX
ActiveSummary
The annual accounts of HYPERFOX for financial year 2025 show a net loss of 195% of total assets and of 171% of the equity at the start of that year. The 2025 annual accounts show equity of €416,239 and a net result of -€1.4m. Equity has been growing by about 94% per year since 2023. Its solvency ranks better than 48% of 21,149 sector peers (NACE 62, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-01-2023 Normal situation
- Registered office
- 66 active companies are registered at this address 5 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Computer programming NACE 62100and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.341.299.787 3500 Hasselt, since 31-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 11-06-2024
Board and ownership
- DEVOS Tom GeorgesDirector
- BLOEMEN,YorickDirector
- JK INVESTDirector · permanent representative VAN DEN BERGH Kris
- JK INVEST10.87%2025 annual accounts of JK INVEST
- LIMBURGSE RECONVERSIE MAATSCHAPPIJ10.87%2025 annual accounts of LIMBURGSE RECONVERSIE MAATSCHAPPIJ
- VOLTA VENTURES II10.87%· score 562025 annual accounts of VOLTA VENTURES II
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- -€1.2m
- ▼ 98.8%
- Loss
- €1.4m
- ▲ 84.6%
- Equity
- €416,239
- ▼ 49.7%
- Total assets
- €724,615
- ▼ 52.6%
- Employees on 31-12-2025
- 3
- ▲ 50.0%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year2 changes of registered office in 24 monthsLoss of €1.4m, the second in a row (financial year 2025)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 4.71, cash €427,752, halvedShow the evidence
Checked score
About 1 in 100 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 50% of them on solvency, 82% on liquidity, 5% on profitability and 14% on growth.
The bankruptcy probability was computed on 03-11-2026 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 3 accounts on average 18 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 03-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €1.4m, larger than the loss of €717,024 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 3 |
| full-time | 2 | 2 | 3 |
| part-time | 0 | 0 | 0 |
| in full-time equivalents | 2 | 2 | 3 |
| Average over the year, in full-time equivalents | 1.3 | 2 | 2.9 |
| On a permanent contract | 2 | 2 | 3 |
| Joined | 2 | 1 | 2 |
| Left | 0 | 1 | 1 |
| Training hours | - | - | 50 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,528 | €8,340 | €12,085 |
| Intangible fixed assets | €12,011 | - | - |
| Financial fixed assets | - | - | €740 |
| Depreciation and write-downs of the year | €6,272 | €6,594 | €6,332 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 10 entries · €689,819 awarded · €282,375 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 5 | €350,000 | €192,500 |
| 2024 | 3 | €281,819 | €68,875 |
| 2023 | 2 | €58,000 | €21,000 |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.06m | €0.1m | €0.2m | ▲ 90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.006m | €0.007m | €0.006m | ▼ 4.0% |
| Other operating charges640/8 | - | €0.001m | €0.003m | ▲ 185% |
| Non-recurring operating charges66A | €0.02m | €0 | - | - |
| Gross operating margin9900 | -€0.4m | -€0.6m | -€1.2m | ▼ 98.8% |
| Operating profit (loss)9901 | -€0.5m | -€0.7m | -€1.4m | ▼ 96.7% |
| Financial income75/76B | €4 | €0.004m | €0.002m | ▼ 60.2% |
| Recurring financial income75 | €4 | €0.004m | €0.002m | ▼ 60.2% |
| Financial charges65/66B | €0.02m | €0.05m | €0.003m | ▼ 94.8% |
| Recurring financial charges65 | €0.02m | €0.05m | €0.003m | ▼ 94.8% |
| Profit (loss) for the period before taxes9903 | -€0.5m | -€0.8m | -€1.4m | ▼ 84.6% |
| Income taxes67/77 | - | €2 | €194 | ▲ 100× |
| Profit (loss) for the period9904 | -€0.5m | -€0.8m | -€1.4m | ▼ 84.6% |
| Profit (loss) for the period to be appropriated9905 | -€0.5m | -€0.8m | -€1.4m | ▼ 84.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.7m | €1.5m | €0.7m | ▼ 52.6% |
| Fixed assets21/28 | €0.007m | €0.009m | €0.02m | ▲ 72.0% |
| Intangible fixed assets21 | €0.006m | €0 | - | - |
| Tangible fixed assets22/27 | €0.001m | €0.009m | €0.01m | ▲ 63.8% |
| Plant, machinery and equipment23 | - | - | €0.002m | - |
| Furniture and vehicles24 | €0.001m | €0.009m | €0.01m | ▲ 45.3% |
| Financial fixed assets28 | - | - | €0.001m | - |
| Current assets29/58 | €0.7m | €1.5m | €0.7m | ▼ 53.3% |
| Amounts receivable within one year40/41 | €0.5m | €0.4m | €0.3m | ▼ 36.9% |
| Trade receivables40 | €0.4m | €0.1m | €0.2m | ▲ 29.1% |
| Other amounts receivable41 | €0.08m | €0.3m | €0.1m | ▼ 64.5% |
| Cash at bank and in hand54/58 | €0.2m | €1.1m | €0.4m | ▼ 60.9% |
| Deferred charges and accrued income490/1 | €0.003m | €0.005m | €0.02m | ▲ 235% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.7m | €1.5m | €0.7m | ▼ 52.6% |
| Equity10/15 | -€0.5m | €0.8m | €0.4m | ▼ 49.7% |
| Contributions10/11 | €0.003m | €2.1m | €3.1m | ▲ 48.4% |
| Profit (loss) carried forward14 | -€0.5m | -€1.2m | -€2.7m | ▼ 114% |
| Amounts payable17/49 | €1.2m | €0.7m | €0.3m | ▼ 56.0% |
| Amounts payable after more than one year17 | €0.7m | €0.2m | €0 | ▼ 100% |
| Financial debts170/4 | €0.7m | €0.2m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.2m | ▼ 45.3% |
| Financial debts43 | - | €3 | €21 | ▲ 504% |
| Credit institutions430/8 | - | €3 | €21 | ▲ 504% |
| Trade debts44 | €0.1m | €0.3m | €0.1m | ▼ 50.2% |
| Suppliers440/4 | €0.1m | €0.3m | €0.1m | ▼ 50.2% |
| Taxes, remuneration and social security45 | €0.007m | €0.01m | €0.02m | ▲ 50.9% |
| Taxes450/3 | - | - | €0.001m | - |
| Remuneration and social security454/9 | €0.007m | €0.01m | €0.02m | ▲ 40.8% |
| Other amounts payable47/48 | €0.01m | €0 | - | - |
| Accrued charges and deferred income492/3 | €0.3m | €0.3m | €0.2m | ▼ 38.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.5m | -€0.8m | -€1.4m | ▼ 84.6% |
| + Depreciation and write-downs630 | €0.006m | €0.007m | €0.006m | ▼ 4.0% |
| Operating cash flow (approximation) | -€0.5m | -€0.8m | -€1.4m | ▼ 85.4% |
| Investment in fixed assets (approximation) | - | -€0.008m | -€0.01m | ▼ 53.8% |
| Change in cash | - | €0.9m | -€0.7m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as HYPERFOX has now. Two years later, 87.7% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HYPERFOX itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,223 companies, not a prediction for HYPERFOX. 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.
Board & ownership
Directors
Board 5
Permanent representatives 3
Owners and capital
Shareholders
5 ownersOwners 5
- Sourceaccounts JK INVEST 2025Equity €29.3m Loss of €933,804 in 2025 (profit of €29.9m in 2024)10.87%
- Equity €521.2m Profit of €17.8m in 2025 (profit of €84,944 in 2024)10.87%
- Equity €28.6m Loss of €1.2m in 2025 (loss of €3.1m in 2024) Checked score 5610.87%
- Sourceaccounts CJ Consult 2025Equity €55,766 Profit of €68,354 in 2025 (profit of €73,510 in 2024) Checked score 930.49%
- Sourceaccounts KOFECON 2025Equity €364,853 Profit of €84,857 in 2025 (profit of €72,624 in 2024) Checked score 970.48%
Capital transactions
- DEVOS Tom Georges 9,500 shares (95%) · €2,375
- BAECK Bert Eduard Fabienne 500 shares (5%) · €125
- 25-09-2026 Capital increase of €696,540 · 1,833 new shares at €380 per share · in cash
- 06-02-2025 Capital increase of €1,065,045 · in kind
- 06-02-2025 Capital increase of €2,001,460 · 5,267 new shares at €380 per share · in cash
- 02-02-2023 Incorporation · 10,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DEVOS Tom Georges |
|
| BLOEMEN,Yorick |
|
| JK INVEST |
|
| NONOMAR |
|
| WINGMAN |
|
| DEVOS,Tom |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “5, 3”
deed of 25-09-2026 (in Dutch)
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 02-02-2023 (in Dutch)
- Auditor ruleThe articles set how a statutory auditor is appointed and what they check.
- “Wanneer het door de wet vereist is en binnen de wettelijke grenzen, 3”deed of 25-09-2026 (in Dutch)
Network & group
Companies at the same address
65 other companies- Vanherck, Stijn (sole trader) Establishment · since 2026 1040803169
- MATE Ergonomics Registered office · since 2026 1039783679
- BRBX Establishment · since 2026 1012081766
- Omnicode Registered office · since 2026 1039224445
- Raw Stadia Holding Registered office · since 2026 1034976241
- EVEREST ADVOCATEN GENT Establishment · since 2026 0843239014
- LOWI Registered office · since 2025 1032223916
- Stichting Administratiekantoor Qompium Registered office · since 2025 1029067555
- Tactiq Registered office · since 2025 1024914767
- Mr. Moustache Establishment · since 2024 1016114293
Connections & network
5 connected companiesShow 1 more companies with a shared director
Timeline
Acts, filings and financial milestones
25-09
Gazette deed
Registered office moved within HasseltCapital increase of €696,540 · New seat: Kempische Steenweg 303 bus 200, 3500 Hasselt, België · Previous seat: Kempische steenweg 305 bus 308, 3500 Hasselt7 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Kind of shares, “Preferente Seed Extension Aandelen, creation” (deed in Dutch)
- Amendment of the articles
- Capital
- Board meeting, 15-09-2026
- Registered-office move, Kempische Steenweg 303 bus 200, 3500 Hasselt, België
- Capital increase, €696,540
23-07
Gazette deed
Registered office moved within HasseltNew seat: Kempischen Steenweg 305 bus 308, 3500 Hasselt · Previous seat: Kempische Steenweg 303/200, 3500 Hasselt2 points ▸
- General meeting, 30-04-2025
- Registered-office move, Kempischen Steenweg 305 bus 308,3500 Hasselt
06-02
Gazette deed
5 directors appointed, 1 director resigningChange of role: DEVOS,Tom, from director to gewone bestuurder · Appointments: BLOEMEN,Yorick, Wingman and 2 others · Permanent representatives: DE WAELE Koen, VAN DEN BERGH Kris and VAN ENGELEN HENRI37 points ▸
- General meeting, 24-12-2024
- Kind of shares, “create and convert, EERSTE RESOLUTIE” (deed in Dutch)
- Capital increase, €1,065,045
- Capital contribution, mentioned 5 times in the deed
- Other provision, “voorwaarden inbrengen vorderingen, niet in pand gegeven” (deed in Dutch)
- Other provision, “kennis aard,omvang,wezenlijkheid,bijzondere voorwaarden, waardering inbrengen in natura” (deed in Dutch)
- Share issue, “beschikbare eigen vermogensrekening, IV. VERGOEDING” (deed in Dutch)
- Share issue, “niet geldelijke inbreng, beschikbare eigen vermogensrekening” (deed in Dutch)
- Share issue, “beschikbare eigen vermogensrekening”, 100 (deed in Dutch), mentioned 11 times in the deed
- Capital increase, mentioned 4 times in the deed
- Other provision, “vaststelling verwezenlijking verhoging beschikbaar eigen vermogen, verzoek aan notaris bij akte vast te stellen” (deed in Dutch)
- Capital increase, €2,001,460
- The act holds 25 more points.
02-02
Gazette deed
IncorporationAppointment: DEVOS Tom Georges (director) · Founder · Founding capital10 points ▸
- Incorporation, “HYPERFOX” (deed in Dutch)
- Founder, DEVOS Tom Georges
- Founder, BAECK Bert Eduard Fabienne
- Founding capital
- Bank account, “bijzondere rekening”, 2500 (deed in Dutch)
- Capital, €2,500
- Share issue, 10000, “vergoeding voor inbrengen” (deed in Dutch)
- Board rule, 1
- Director appointment, DEVOS Tom Georges (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
HYPERFOX was incorporated on 31 January 2023 as a private limited company by two natural persons.12 The registered office was moved to Hasselt in 2025.3 Between 2025 and 2026 the capital was increased 2 times.45 The board currently has 5 members.6 Total assets went from €695,715 in 2023 to €724,615 in 2025 and headcount from 1.3 to 2.9 full-time equivalents.7
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
2 activities
- 62 010: Ontwerpen van computerprogramma’s
- 62 020: Computerconsultancy-activiteiten
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71322A0540/00B002 | Flanders | 3,380 m² | - | - |