IT Project Forward
ActiveIT Project Forward has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €36k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-18
Solvency43▼-43
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 2.46 in 2024; short-term debt: 82% and cash: 52% of total assets), and 82% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
18%
Return on assets
18.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 17022 sector peers (2025).
NBB · sector comparisonPosition among 17022 sector peers
Solvency
better than 20%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
91 d late
2023
27 d late
2022
92 d late
2021
31 d late
← 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
€35k▼ 69.3%
2024 · €114k
2021: €39k
2022: €66k
2023: €66k
2024: €114k
2021 → 2025
Total assets
€195k▲ 4.5%
2024 · €186k
2021: €72k
2022: €103k
2023: €150k
2024: €186k
2021 → 2025
Net result
€36k▼ 25.2%
2024 · €48k
2021: €38k
2022: €28k
2023: €-283
2024: €48k
2021 → 2025
Working capital
€23k▼ 78.1%
2024 · €105k
2021: €24k
2022: €54k
2023: €57k
2024: €105k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€66k▲ 71.5%€66k▼ 0.4%€114k▲ 73.2%€35k▼ 69.3%
Operating result€54k-€37k▼ 31.4%€45k▲ 21.9%€96k▲ 112%€92k▼ 3.7%
Net result€38k-€28k▼ 27.6%€-283€48k€36k▼ 25.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €195k
Fixed assets
€12k▲ 35.4%
Current assets
€183k▲ 2.9%
Equity and liabilities €195k
Equity
€35k▼ 69.3%
Debt
€160k▲ 121%
The debt ratio rises from 38.9% to 82.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€95k▼
2024 · €99k
Cash flow
€38k▼
2024 · €52k
Solvency
18.0%▼
2024 · 61.1%
Current ratio
1.14▼
2024 · 2.46
Quick ratio
1.14▼
2024 · 2.46
Debt / equity
4.57▲
2024 · 0.64
ROE
103.1%▲
2024 · 42.3%
ROA
18.5%▼
2024 · 25.8%
Interest coverage
1.77▼
2024 · 2.98
Debt
€160k▲
2024 · €72k
Debt ≤ 1 year
€160k▲
2024 · €72k
Income taxes
€10k▼
2024 · €15k
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€186k€195k▲
Fixed assets21/28€9k€12k▲
Tangible fixed assets22/27€9k€12k▲
Furniture and vehicles24€2k€4k▲
Other tangible fixed assets26€7k€8k▲
Current assets29/58€178k€183k▲
Amounts receivable within one year40/41€54k€60k▲
Trade receivables40€40k€54k▲
Other amounts receivable41€14k€5k▼
Current investments50/53€15k€21k▲
Cash at bank and in hand54/58€108k€101k▼
Deferred charges and accrued income490/1€860€526▼
Equity and liabilities
Total equity and liabilities10/49€186k€195k▲
Equity10/15€114k€35k▼
Contributions10/11€500€500=
Reserves13€38k€38k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€75k€-4k▼
Amounts payable17/49€72k€160k▲
Amounts payable within one year42/48€72k€160k▲
Financial debts43€3k€200▼
Credit institutions430/8€3k€200▼
Trade debts44€6k€14k▲
Suppliers440/4€6k€14k▲
Taxes, remuneration and social security45€23k€33k▲
Taxes450/3€23k€33k▲
Other amounts payable47/48€40k€112k▲
Accrued charges and deferred income492/3€301-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€744€793▲
Gross operating margin9900€100k€95k▼
Operating profit (loss)9901€96k€92k▼
Financial income75/76B€484€7k▲
Recurring financial income75€484€7k▲
Financial charges65/66B€33k€54k▲
Recurring financial charges65€33k€54k▲
Profit (loss) for the period before taxes9903€63k€46k▼
Income taxes67/77€15k€10k▼
Profit (loss) for the period9904€48k€36k▼
Profit (loss) for the period to be appropriated9905€48k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€111k▲
Profit (loss) brought forward from the previous period14P€27k€75k▲
Profit to be distributed694/7-€115k
Return on contributions (dividend)694-€115k
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
31-12
Financial
Equity above €100kEq €114k ▲73.2%
Equity rises from €66k to €114k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-283 ▼101%
Net result drops to €-283, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2021
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.
Gaardenlaan 11030 SchaarbeekGround area
278 m²
Building footprint
86 m²
Volume, LiDAR
610 m³
Parcel 21904B0096/00F004, Brussels · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IT Project Forward
since 20212.311.797.733
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0096/00F004 | Brussels | 277 m² | 1 · 86 m² | 10.2 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900WPJOV76NMUY980
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 14,676 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2021
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.