Equity
-€54,653
Debts exceed assets in financial year 2025.
ITERATIVE
Lifetime
8 annual accounts with figures on one time axispeak €20,070 (2019)
-€1,200▲ €1,855
lowest -€46,874 (2022)
-€7,622▲ €2,324
peak €29,246 (2019)
-€54,653▼ €7,622
€57,665▼ 0.3%
Board1 name since 2017
1 directorde Menten de Horne Michael
Documentsfilings and deeds
03-04-202627 days before the deadline
2025micro format
Gross margin from -€3,055 to -€1,200Loss of €7,622Equity from -€47,031 to -€54,653
Key points
from the 2025 annual accountsLosses
-€83,900 in six years
Every financial year from 2020 to 2025 closed with a loss. 2022 was the heaviest.
Position in the sector
-1814.7%
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,206 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 14% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025highest value
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.3%▼ -0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€54,653
Loss of €7,622, the second in a row (financial year 2025)
lowers risk
Size: total assets €3,012
Sector: Computer programming, consultancy and related activities (NACE 62)
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 3% of them on solvency, 22% on liquidity, 5% on profitability and 27% 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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as ITERATIVE has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ITERATIVE itself is lower: 0.3% within 12 months. It rests on far more data about ITERATIVE than the profile alone.
Test of the method
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 6,008 companies, not a prediction for ITERATIVE. 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.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€54,653
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
27 days early
2024
on the day
2023
23 days late
2022
16 days late
2021
16 days late
2020
41 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 16 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
DM
de Menten de Horne Michael
Director, since 28-06-2017
Shares in 1 company, MC ARNOLDS GROUP
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0677731179
General meeting · Share transfer
Gazette deed
Incorporation
published on 03-07-2017 · Gazette deed
First establishment
Rue Palau 27, Braine-l'Alleud
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ITERATIVE Braine-l'Alleud | €3,012 | -€1,200 | -1814.7% | - |
| Axentric Wavre | €3,234 | -€2,988 | -4921.6% | - |
| DIGITAL HEAVEN Rotselaar | €2,965 | -€12,033 | 11.6% | - |
| MANITO Wavre | €2,553 | €929 | 29.8% | - |
| TdM Engineering Kinrooi | €2,844 | -€241 | 20.3% | - |
| ASIST 2.0 Grobbendonk | €2,330 | -€901 | 6.1% | - |
| Nokto Uccle | €2,895 | -€319 | -531.8% | - |
These companies have the same main activity as ITERATIVE: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €2,330 and €3,230, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 29-06-2017Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.267.120.9191420 Braine-l'Alleud, since 29-06-2017
- Financial year end
- 30 September
- Peppol
- Reachable since 16-12-2025
Annual accounts to 30-09-2025
- €3,012▼ 72.1%
- Filing
- Filed on 03-04-2026, 27 days before the end of the filing period
Insights on ITERATIVE
ITERATIVE files the micro format. That format states no turnover. The gross margin fell from €11,215 in 2018 to -€1,200 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ITERATIVE
- What is the company number of ITERATIVE?
- The company number of ITERATIVE is 0677.731.179. The VAT number is the same number with BE in front: BE 0677.731.179.
- Where is ITERATIVE based?
- The registered office is at Rue Palau 27, 1420 Braine-l'Alleud.Company details
- What does ITERATIVE do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of ITERATIVE?
- ITERATIVE is a private limited company (pre-2019) (BVBA).
- When was ITERATIVE founded?
- ITERATIVE was founded on 29-06-2017.
- Is ITERATIVE still active?
- Yes, ITERATIVE is an active enterprise in the KBO register.
- What is the turnover of ITERATIVE?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ITERATIVE profitable?
- In financial year 2025, ITERATIVE made a loss of €7,622.
- Where can I find the annual accounts of ITERATIVE?
- ITERATIVE filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ITERATIVE due?
- ITERATIVE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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