Equity
€294,164 =
MethodX paid out €168,026 in dividends. That is 100% of the 2025 profit.
MethodX
Overview
Lifetime
4 annual accounts with figures on one time axispeak €255,617 (2025)
€255,617▲ 25.0%
peak €168,026 (2025)
€168,026▲ 41.9%
peak €294,164 (2024)
€294,164unchanged
€185,267▲ 18×
Board2 names since 2022
2 directorsMUNIER Stéphane Michel Bruno and 1 other
Documentsfilings and deeds
02-04-2026120 days before the deadline
2025micro format
Gross margin from €204,422 to €255,617Result from €118,403 to €168,026Appointment: Munier Antoine (director) 27-10Dividend €168,026Debts from €10,176 to €185,267Cash from €101,368 to €255,086
Key points
from the 2025 annual accountsTurnover
≈ €510,000 estimated
The micro format states no turnover.
Debts
€185,267 ▲ 18×
Debts rose by €175,091 in 2025.
Liquidity
2.54 was 28.26 in 2024
Short-term debts rose from €10,176 to €185,267.
Filings
4 annual accounts 2 late
The 2022 accounts came latest: 25 days after the end of the period.
Position in the sector
€168,026
Higher net result than 90% of companies in research and development. Sector median €27,659 · 620 companies.
Checked score
96
Excellent
Financially stronger than 65% of micro companies in research and development (NACE 72)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 932 companies (NACE 72, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.54, cash €255,086
Sector: Scientific research and development (NACE 72)
Size: total assets €509,257
Equity €294,164 (57.8% of total assets)
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 72, micro). It does better than 50% of them on solvency, 72% on liquidity, 90% on profitability and 46% on growth.
The bankruptcy probability was computed on 10-11-2026 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).
Comparable companies, two years later
In July 2024, 3,127 companies had the same profile as MethodX has now. Each dot stands for 8 companies, two years later.
97.2%
were still trading
1.9%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of MethodX itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 3,127 companies, not a prediction for MethodX. 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
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.54 (28.26 in 2024), above the usual 1.5. Short-term debt is 36.4% and cash 50.1% of total assets. 42.2% of the assets are financed with debt and provisions.
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
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 02-04-2026, 120 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
120 days early
2024
29 days early
2023
2 days late
2022
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 31 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (3 of the last 4 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointment: Munier Antoine (director)
General meeting of 31-08-2026 · Gazette deed
Appointment: Munier Antoine (director)
General meeting of 06-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0781563246
Incorporation
Founding capital of €10,000, 1,000 shares · Appointment: MUNIER Stéphane Michel Bruno (director) · Registered office clause: avenue du Zodiaque 88, 1410 Waterloo · published on 07-02-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MethodX Waterloo | €509,257 | €255,617 | 57.8% | - |
| SETIS SYSTEMS Lochristi | €385,933 | €230,419 | 75.2% | 2.7 |
| TAKHIM FOR TECHNOLOGY AND BUSINESS SERVICES Wavre | €647,200 | €380,396 | 40.3% | - |
| BGTech project Jodoigne | €605,171 | €214,708 | 48.5% | - |
| Heart Rhythm Research Center Sint-Genesius-Rode | €483,417 | €138,973 | 62.5% | - |
| Dr. S. Beeckman - Dr. B. Van de Maele Oostkamp | €321,519 | €341,196 | 76.6% | - |
| CIVASEL Ciney | €530,784 | €275,420 | 72.8% | 2 |
These companies have the same main activity as MethodX: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €322,000 and €647,000, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 03-02-2022Normal situation
- Activity
- Other research and development on natural sciencesNACE 72109and 1 other
- Establishment unit
- 2.327.665.2501410 Waterloo, since 03-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €255,617▲ 25.0%
- €168,026▲ 41.9%
- €294,164=
- €509,257▲ 52.8%
- Filing
- Filed on 02-04-2026, 120 days before the end of the filing period
Insights on MethodX
MethodX files the micro format. That format states no turnover. The gross margin rose from €64,918 in 2022 to €255,617 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 02-04-2026, 120 days before the deadline€255,617
▲ 25.0%
€243,628
▲ 21.8%
€168,026
▲ 41.9%
€285,589
▲ 2.9%
57.8%
▼ 30.5 percentage points
2.54
▼ 25.72
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €510,000. Estimated: probably between €360,000 and €750,000.
Balance sheet
balance sheet total €509,257 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
57.8%
Higher than 47% of 620 companies in 2025.
2.54
Higher than 48% of 580 companies in 2025.
33.0%
Higher than 82% of 597 companies in 2025.
MethodX
Middle half of the sector
80% of the sector
Micro accounts in research and development (NACE 72)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
509,257 | 333,187 | 223,550 | 79,092 | |
21/28 |
38,402 | 45,561 | - | - | |
22/27 |
38,402 | 45,561 | - | - | |
24 |
38,402 | 45,561 | - | - | |
29/58 |
470,856 | 287,626 | 223,550 | 79,092 | |
40/41 |
109,105 | 80,383 | 43,312 | 8,246 | |
40 |
36,246 | 36,072 | 35,019 | - | |
41 |
72,859 | 44,311 | 8,293 | 8,246 | |
50/53 |
99,914 | 100,000 | 50,000 | - | |
54/58 |
255,086 | 101,368 | 130,237 | 70,846 | |
490/1 |
6,750 | 5,874 | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
509,257 | 333,187 | 223,550 | 79,092 | |
10/15 |
294,164 | 294,164 | 175,761 | 56,607 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
13 |
284,164 | 284,164 | 165,761 | 46,607 | |
133 |
284,164 | 284,164 | 165,761 | 46,607 | |
16 |
29,826 | 28,846 | 29,415 | - | |
160/5 |
29,826 | 28,846 | 29,415 | - | |
164/5 |
29,826 | 28,846 | 29,415 | - | |
17/49 |
185,267 | 10,176 | 18,373 | 22,485 | |
42/48 |
185,267 | 10,176 | 18,089 | 22,485 | |
43 |
2,503 | - | - | - | |
430/8 |
2,503 | - | - | - | |
44 |
352 | 0 | 4,795 | - | |
440/4 |
352 | 0 | 4,795 | - | |
45 |
39,590 | 10,176 | 9,552 | 22,485 | |
450/3 |
39,590 | 10,176 | 9,552 | 22,485 | |
47/48 |
142,822 | - | 3,743 | - | |
492/3 |
- | - | 284 | - | |
| Income statement | |||||
9900 |
255,617 | 204,422 | 212,536 | 64,918 | |
630 |
10,813 | 4,870 | - | - | |
635/8 |
980 | -569 | 29,415 | - | |
640/8 |
197 | 138 | - | - | |
9901 |
243,628 | 199,983 | 183,121 | 64,918 | |
75/76B |
8,109 | 3,185 | - | - | |
75 |
8,109 | 3,185 | - | - | |
65/66B |
31,636 | 34,822 | 3,860 | 175 | |
65 |
31,636 | 34,822 | 3,860 | 113 | |
66B |
- | - | - | 62 | |
9903 |
220,100 | 168,346 | 179,261 | 64,743 | |
67/77 |
52,074 | 49,943 | 60,107 | 18,136 | |
9904 |
168,026 | 118,403 | 119,154 | 46,607 | |
9905 |
168,026 | 118,403 | 119,154 | 46,607 | |
| Appropriation of the result | |||||
9906 |
168,026 | 118,403 | 119,154 | 46,607 | |
691/2 |
- | 118,403 | 119,154 | 46,607 | |
6921 |
- | 118,403 | 119,154 | 46,607 | |
694/7 |
168,026 | - | - | - | |
694 |
168,026 | - | - | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 254,441 | 204,853 | - | - | ||
| 178,839 | 123,273 | - | - | ||
| 3,653 | 50,431 | - | - | ||
| 153,718 | -28,869 | 59,391 | - | ||
| 285,589 | 277,449 | 205,460 | 56,607 | ||
| 57.8% | 88.3% | 78.6% | 71.6% | ||
| 2.54 | 28.26 | 12.36 | 3.52 | ||
| 0.63 | 0.03 | 0.10 | 0.40 | ||
| 57.1% | 40.3% | 67.8% | 82.3% | ||
| 33.0% | 35.5% | 53.3% | 58.9% | ||
| 8.04 | 5.88 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €3,653 | €50,431 | - | - |
| €10,813 | €4,870 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MethodX
The operating result for 2025 is 22% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Debt's share of the balance-sheet total rises from 3.1% to 36.4%. Debt is higher.
Board & ownership
Board
2 directors, no change since August 2026Director (not named in the articles)
appointed by deed of 07-02-2022
term without a fixed end
Mandates through the years
2 names, the dashed line is todayMUNIER Stéphane Michel Bruno
Director (not named in the articles)
Director (not named in the articles)
Munier Antoine
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- MUNIER Stéphane Michel Bruno
- Director (not named in the articles), appointed by deed of 07-02-2022, still in office
- Munier Antoine
- Director (not named in the articles), appointed by deed of 27-10-2025, still in office
Control
Capital
- Contribution
- €10,000
- Shares
- 1,000
- Contribution per share
- €10
- Equity per share
- €294 in 2025
- Source
- deed of 07-02-2022
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-02-2022 (in French)
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Fixe ou proportionnelle, rémunération du mandat d'administrateur”deed of 27-10-2025 (in French)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of May at 18:00deed of 07-02-2022 (in French)
- 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 07-02-2022 (in French)
Network & group
No group
MethodX has no parent and no holdings in its annual accounts. MethodX shares no director with another company.
The LEI register names no parent.
At the same address
Avenue du Zodiaque 88, 1410 Waterloo · 2 other companiesTimeline
Timeline
14 events since 2022Board
Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
- General meeting, 31-08-2026
- Director reappointment, Munier Antoine
Annual accounts 2025 filed PDFmicro format · 120 days before the deadline
2025
Highest result from 2022 to 2025 net €168,026 ▲41.9% The operating result of €243,628 and the net result of €168,026 are both a record.
- General meeting, 06-10-2025
- Director appointment, Munier Antoine (director (not named in the articles))
Annual accounts 2024 filed PDFmicro format · 29 days before the deadline
2024
Liquidity more than doubled current ratio 28.26 The current ratio rises from 12.36 to 28.26. Short-term debt falls from €18,089 to €10,176.
Equity above €200,000 equity €294,164 ▲67.4% With a profit in every financial year since 2022, equity grows to €294,164.
Annual accounts 2023 filed PDFmicro format · 2 days late
2023
Liquidity more than triples current ratio 12.36 The current ratio rises from 3.52 to 12.36. Short-term debt falls from €22,485 to €18,089.
Equity above €150,000 equity €175,761 ▲210% With a profit in every financial year since 2022, equity grows to €175,761.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0781563246
Annual accounts 2022 filed PDFmicro format · 25 days late
2022
IncorporationFounding capital of €10,000, 1,000 shares · Appointment: MUNIER Stéphane Michel Bruno (director) · Registered office clause: avenue du Zodiaque 88, 1410 Waterloo · published on 07-02-20223 points ▸
- Founding capital, €10,000, 1,000 shares
- Registered office clause, avenue du Zodiaque 88, 1410 Waterloo
- Director appointment, MUNIER Stéphane Michel Bruno (director (not named in the articles))
- The deed holds 4 more points.
First establishment Avenue du Zodiaque 88, Waterloo
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0781.563.246
- VAT number
- BE 0781.563.246
- Peppol ID
- 0208:0781563246
- Other Peppol ID
- 9925:BE0781563246
- LEI code
- 98450064FBEJ5F967702 live in the LEI register
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-02-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of May at 18:00deed of 07-02-2022 (in French)
- Peppol
- Reachable since 24-11-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MethodX in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-02-2022 (in French)
Activities
NACEBEL 202572109
Other research and development on natural sciences main activity
Codes under NACEBEL 2008
72190
Scientific research and development main activity
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes opérations se rapportant directement ou indirectement au management et à la consultance pour les entreprises,comprenant la gestion…”deed of 07-02-2022 (in French)
10 activities
- Toutes opérations se rapportant directement ou indirectement au management et à la consultance pour les entreprises,comprenant la gestion notamment dans le domaine commercial et marketing,le domaine financier,le domaine opérationnel,le domaine technique,le domaine de la recherche et développement,le domaine de la gestion d’équipe,le domaine administratif et le domaine des ressources humaines
- Dans le cadre de recherche scientifique liée au développement de médicament,de dispositif médical ou de solution de santé digitale:toute application ou développement de méthodes statistiques et quantitatives:dans la conception et la conduite de cette recherche;dans l’analyse,l’interprétation,la présentation et la publication des données qui en découlent;dans le support d’une soumission réglementaire et d’accès au marché lié à cette recherche
- La prestation,directement ou indirectement,de tous services,consultance et formation informatique,statistique,et data science,liés à l’objet et la recherche clinique en général
- Toutes les activités se rapportant,directement ou indirectement,au domaine de l’informatique,des sites internet,des applications mobiles et internet et des bases de données,notamment,et sans que cette liste soit exhaustive,la consultance,la conception,la programmation,la réalisation,l’étude,la réalisation de projets,la promotion et la commercialisation de sites internet et de logiciels sur tous supports
- Pour tous les domaines d’activités ayant,directement ou indirectement,un lien avec son objet,l’achat,la vente,l’import,l’export,la conception,la fabrication,la réparation,l’entretien,l’assemblage et la commercialisation en gros et au détail de tout matériel,notamment et sans que cette liste soit exhaustive,le matériel informatique,le matériel de bureautique,le matériel de communication et le matériel promotionnel;l’achat et la vente de fournitures
- Pour tous les domaines d’activités ayant,directement ou indirectement,un lien avec son objet,la conception,l’organisation et la coordination de salons,de foires d’expositions et d’événement au sens le plus large
- Pour tous les domaines d’activités ayant,directement ou indirectement,un lien avec son objet,la conception,l’organisation,la coordination et la prestation de formations et séminaires au sens le plus large
- Toutes les activités se rapportant,directement ou indirectement,au domaine de l’audiovisuel,notamment,et sans que cette liste soit exhaustive,la direction artistique,la réalisation,la production,la promotion et la distribution de films,bandes sonores,animations,images,doublages sonores ou écrits et de tous médias quelques soient leur support et via tous les canaux de diffusions
- Toutes les activités se rapportant,directement ou indirectement,au domaine de la négociation,de la commercialisation et de la conclusion de contrats de produits et services pour compte de tiers
- Toutes les activités se rapportant,directement ou indirectement,au domaine de l’événement,notamment,et sans que cette liste soit exhaustive,le développement,la conception,l’organisation,la production,l’animation de tout événement artistique,culturel,publicitaire et promotionnel mais aussi les festivités,manifestations,séminaires,colloques stands,foires,expositions qu’ils soient du domaine privé ou du domaine public
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Avenue du Zodiaque 88 registered office 1410 Waterloo 62100 Computer programming | 03-02-2022 | 2.327.665.250 |
Buildings and parcels at the address
- Ground area
- 758 m²
- Buildings
- 138 m²
- Volume, LiDAR
- 784 m³
- Tallest building
- 7.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25764O0152/00B000 | 758 m² | 1 · 138 m² | 7.5 m · 2 |