Equity
Equity rose in 2024 from €265,924 to €446,004.
Equity rose in 2024 from €265,924 to €446,004.
Green is investment, beige is depreciation. Machinery stands 65.8% higher than in 2023.
IT ChenCorp pays its suppliers 122 days later than in 2023. Customers pay 7 days later.
Short-term debts rose from €123,636 to €153,955.
2025 accounts not filed: deadline was 31-07-2026.
Higher net result than 95% of companies in computer programming and consultancy. Sector median €27,605 · 20,539 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, 17% on liquidity, 82% on profitability and 64% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
In July 2024, 17,811 companies had the same profile as IT ChenCorp has now. Each dot stands for 45 companies, two years later.
The bankruptcy probability of IT ChenCorp itself is higher: 3.2% within 12 months. It rests on far more data about IT ChenCorp than the profile alone.
The method was tested on the 497,447 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 17,811 companies, not a prediction for IT ChenCorp. 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.
Liquidity is ample, with a current ratio of 2.49 (1.45 in 2023), above the usual 1.5. Short-term debt is 25.7% and cash 1% of total assets. 25.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 316 days after 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.
| Company | ||||
|---|---|---|---|---|
| IT ChenCorp Dilbeek | €599,958 | €243,273 | 74.3% | - |
| IMMOBILIEN VENNOOTSCHAP CORNELIS Meise | €604,194 | €239,842 | 4.1% | - |
| CHERIMOYA.BE Vilvoorde | €510,921 | €257,096 | -71.7% | - |
| HYBEOS Trooz | €572,457 | €231,927 | 3.2% | - |
| Quandyga Engineering Ottignies-Louvain-la-Neuve | €635,197 | €240,067 | 56.4% | - |
| TRAFFICONLINE Torhout | €600,347 | €242,490 | 58.9% | - |
| KDCCVM Ghent | €589,594 | €252,390 | 33.1% | - |
These companies have the same main activity as IT ChenCorp: computer programming (NACE 62100). They are comparable in size and age: total assets between €511,000 and €635,000, founded between 2014 and 2016.
IT ChenCorp files the micro format. That format states no turnover. The gross margin rose from €77,617 in 2016 to €243,273 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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