Equity
KIWI78 paid out €50,000 in dividends. That is 65% of the 2025 profit.
KIWI78 paid out €50,000 in dividends. That is 65% of the 2025 profit.
The result rose in 2025 from €14,500 to €76,502.
Green is investment, beige is depreciation.
Short-term debts fell from €32,856 to €18,505.
The last five annual accounts were filed 55 to 59 days before the end of the period.
Higher net result than 86% of companies in computer programming and consultancy. Sector median €28,569 · 21,199 companies.
The dashed line is the sector median: 0.1% across 25,930 companies (NACE 62, micro).
Fewer than 1 in 1,000 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 60% of them on solvency, 71% on liquidity, 82% on profitability and 95% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
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).
In July 2024, 26,972 companies had the same profile as KIWI78 has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KIWI78 itself is lower: < 0.1% within 12 months. It rests on far more data about KIWI78 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 26,972 companies, not a prediction for KIWI78. 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 2.84 (1.3 in 2024), above the usual 1.5. Short-term debt is 32.3% and cash 85.5% of total assets. 32.3% 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 7 accounts on average 55 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.
| Company | ||||
|---|---|---|---|---|
| KIWI78 Beveren-Kruibeke-Zwijndrecht | €57,245 | €107,773 | 67.7% | - |
| AUTOMOTIVE INFORMATION TECHNOLOGY Ath | €57,116 | €107,526 | -3.8% | - |
| MIROELIA Antwerp | €64,338 | €95,819 | 29.6% | - |
| BlueprintIT Wortegem-Petegem | €71,210 | €103,336 | 26.0% | - |
| ProcessUp Sint-Martens-Latem | €64,153 | €84,807 | 32.4% | - |
| MONTMARTRE RONSE Ronse | €46,920 | €87,828 | -51.5% | - |
| Annotise Lille | €66,443 | €97,812 | 54.2% | 1.2 |
These companies have the same main activity as KIWI78: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €46,900 and €71,200, founded between 2016 and 2019.
KIWI78 files the micro format. That format states no turnover. The gross margin rose from €26,479 in 2018 to €107,773 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.
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