MICROSTRATEGY BELGIUM
ActiveSummary
MICROSTRATEGY BELGIUM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.74M and a net result of €196k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 9624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+1
Solvency53▲+8
Growth59=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 4.03 against 7.55 in 2023; short-term debt: 24.8% of total assets), but 72.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
27.7%
Return on assets
3.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
16 d early
2022
on the day
2021
30 d late
2020
37 d late
2019
104 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€3.65M▼ 3.7%
2020 · €3.79M
2018: €4.05Mhighest in 4 years
2019: €3.67M▼ -9.6% vs 2018
2020: €3.79M▲ +3.5% vs 2019
2021: €3.65M▼ -3.7% vs 2020lowest in 4 years
2018 → 2021
EBIT margin
3.4%▼ 0.1pp
2020 · 3.5%
2018: 3.6%
2019: 3.7%▲ +4.4% vs 2018highest in 4 years
2020: 3.5%▼ -6.7% vs 2019
2021: 3.4%▼ -3.0% vs 2020lowest in 4 years
2018 → 2021
Net result
€196k▲ 0.4%
2023 · €195k
2018: €174k
2019: €114k▼ -34.8% vs 2018
2020: €126k▲ +10.8% vs 2019
2021: €85k▼ -32.4% vs 2020lowest in 7 years
2022: €134k▲ +57.2% vs 2021
2023: €195k▲ +45.9% vs 2022
2024: €196k▲ +0.4% vs 2023highest in 7 years
2018 → 2024
Working capital
€4.73M▼ 30.6%
2023 · €6.82M
2018: €2.27Mlowest in 7 years
2019: €3.31M▲ +45.4% vs 2018
2020: €3.28M▼ -0.7% vs 2019
2021: €3.73M▲ +13.5% vs 2020
2022: €4.43M▲ +18.9% vs 2021
2023: €6.82M▲ +53.8% vs 2022highest in 7 years
2024: €4.73M▼ -30.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€3.79M-€3.65M▼ 3.7%
2020: €3.79M
2021: €3.65M▼ -3.7% vs 2020
Equity€1.13M-€1.22M▲ 7.5%€1.35M▲ 11.0%€1.55M▲ 14.4%€1.74M▲ 12.7%
2020: €1.13Mlowest in 5 years
2021: €1.22M▲ +7.5% vs 2020
2022: €1.35M▲ +11.0% vs 2021
2023: €1.55M▲ +14.4% vs 2022
2024: €1.74M▲ +12.7% vs 2023highest in 5 years
Operating result€131k-€123k▼ 6.5%€165k▲ 34.0%€148k▼ 10.2%€114k▼ 23.2%
2020: €131k
2021: €123k▼ -6.5% vs 2020
2022: €165k▲ +34.0% vs 2021highest in 5 years
2023: €148k▼ -10.2% vs 2022
2024: €114k▼ -23.2% vs 2023lowest in 5 years
Net result€126k-€85k▼ 32.4%€134k▲ 57.2%€195k▲ 45.9%€196k▲ 0.4%
2020: €126k
2021: €85k▼ -32.4% vs 2020lowest in 5 years
2022: €134k▲ +57.2% vs 2021
2023: €195k▲ +45.9% vs 2022
2024: €196k▲ +0.4% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 23% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.30M
Fixed assets
€69 ▼ 86.1%
Current assets
€6.30M ▼ 19.9%
Equity and liabilities €6.30M
Equity
€1.74M ▲ 12.7%
Debt
€4.55M ▼ 27.9%
Debt's share of the balance-sheet total falls from 80.3% to 72.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114k▼
2023 · €148k
Cash flow
€197k▲
2023 · €196k
Current ratio
4.03▼
2023 · 7.55
Debt to equity
2.61▼
2023 · 4.08
ROE
11.3%▼
2023 · 12.6%
ROA
3.1%▲
2023 · 2.5%
Interest coverage
18.01▼
2023 · 24.67
Debt ≤ 1 year
€1.56M▲
2023 · €1.04M
Income taxes
€72k▼
2023 · €74k
Staff costs
€776k▲
2023 · €287k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.86M€6.30M▼
Fixed assets21/28€499€69▼
Tangible fixed assets22/27€499€69▼
Furniture and vehicles24€499€69▼
Current assets29/58€7.86M€6.30M▼
Amounts receivable after more than one year29€2.39M-
Trade receivables290€2.39M-
Amounts receivable within one year40/41€5.47M€6.30M▲
Trade receivables40€900k€1.07M▲
Other amounts receivable41€4.57M€5.22M▲
Equity and liabilities
Total equity and liabilities10/49€7.86M€6.30M▼
Equity10/15€1.55M€1.74M▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€1.54M€1.73M▲
Amounts payable17/49€6.31M€4.55M▼
Amounts payable within one year42/48€1.04M€1.56M▲
Trade debts44€929k€1.43M▲
Suppliers440/4€929k€1.43M▲
Taxes, remuneration and social security45€112k€134k▲
Taxes450/3€98k€82k▼
Remuneration and social security454/9€14k€51k▲
Accrued charges and deferred income492/3€5.27M€2.99M▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€287k€776k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€531€430▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k€-129▲
Other operating charges640/8€8k-
Non-recurring operating charges66A-€1
Gross operating margin9900€438k€890k▲
Operating profit (loss)9901€148k€114k▼
Financial income75/76B€128k€161k▲
Recurring financial income75€128k€161k▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€270k€268k▼
Income taxes67/77€74k€72k▼
Profit (loss) for the period9904€195k€196k▲
Profit (loss) for the period to be appropriated9905€195k€196k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.54M€1.73M▲
Profit (loss) brought forward from the previous period14P€1.34M€1.54M▲
Social balance
Average headcount (FTE)90872.01.5▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.79M | €3.65M | - | - | - | - |
| Non-recurring operating income76A | - | €0 | €771 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €2.83M | - | - | - | - |
| Remuneration, social security and pensions62 | - | €622k | €857k | €287k | €776k | ▲ 171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €606 | €578 | €939 | €531 | €430 | ▼ 19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5 | €62k | €-5k | €-129 | ▲ 97.4% |
| Other operating charges640/8 | - | €78k | - | €8k | - | - |
| Non-recurring operating charges66A | - | - | - | - | €1 | - |
| Gross operating margin9900 | €907k | €823k | €1.08M | €438k | €890k | ▲ 103% |
| Operating profit (loss)9901 | €131k | €123k | €165k | €148k | €114k | ▼ 23.2% |
| Financial income75/76B | - | €2k | €48k | €128k | €161k | ▲ 26.0% |
| Recurring financial income75 | €16k | €2k | €48k | €128k | €161k | ▲ 26.0% |
| Financial charges65/66B | - | €6k | €6k | €6k | €6k | ▲ 5.3% |
| Recurring financial charges65 | €5k | €6k | €6k | €6k | €6k | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €142k | €119k | €207k | €270k | €268k | ▼ 0.5% |
| Income taxes67/77 | €16k | €34k | €73k | €74k | €72k | ▼ 2.8% |
| Profit (loss) for the period9904 | €126k | €85k | €134k | €195k | €196k | ▲ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €126k | €85k | €134k | €195k | €196k | ▲ 0.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.48M | €4.83M | €7.18M | €7.86M | €6.30M | ▼ 19.9% |
| Fixed assets21/28 | €1k | €680 | €1k | €499 | €69 | ▼ 86.1% |
| Tangible fixed assets22/27 | €1k | €680 | €1k | €499 | €69 | ▼ 86.1% |
| Plant, machinery and equipment23 | - | €307 | €100 | - | - | - |
| Furniture and vehicles24 | - | €372 | €930 | €499 | €69 | ▼ 86.1% |
| Current assets29/58 | €4.48M | €4.83M | €7.18M | €7.86M | €6.30M | ▼ 19.9% |
| Amounts receivable after more than one year29 | - | - | - | €2.39M | - | - |
| Trade receivables290 | - | - | - | €2.39M | - | - |
| Amounts receivable within one year40/41 | €4.48M | €4.83M | €7.18M | €5.47M | €6.30M | ▲ 15.1% |
| Trade receivables40 | - | €2.06M | €2.43M | €900k | €1.07M | ▲ 19.1% |
| Other amounts receivable41 | - | €2.76M | €4.75M | €4.57M | €5.22M | ▲ 14.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.48M | €4.83M | €7.18M | €7.86M | €6.30M | ▼ 19.9% |
| Equity10/15 | €1.13M | €1.22M | €1.35M | €1.55M | €1.74M | ▲ 12.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €1.12M | €1.21M | €1.34M | €1.54M | €1.73M | ▲ 12.8% |
| Amounts payable17/49 | €3.35M | €3.61M | €5.83M | €6.31M | €4.55M | ▼ 27.9% |
| Amounts payable within one year42/48 | €1.20M | €1.10M | €2.74M | €1.04M | €1.56M | ▲ 50.2% |
| Trade debts44 | €1.01M | €935k | €2.02M | €929k | €1.43M | ▲ 53.9% |
| Suppliers440/4 | - | €935k | €2.02M | €929k | €1.43M | ▲ 53.9% |
| Taxes, remuneration and social security45 | - | €162k | €725k | €112k | €134k | ▲ 19.3% |
| Taxes450/3 | - | €161k | €390k | €98k | €82k | ▼ 15.6% |
| Remuneration and social security454/9 | - | €329 | €335k | €14k | €51k | ▲ 255% |
| Accrued charges and deferred income492/3 | - | €2.51M | €3.08M | €5.27M | €2.99M | ▼ 43.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €126k | €85k | €134k | €195k | €196k | ▲ 0.4% |
| + Depreciation and write-downs630 | €606 | €578 | €939 | €531 | €430 | ▼ 19.1% |
| Operating cash flow (approximation) | €127k | €86k | €135k | €196k | €197k | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
02-09
State Gazette act
Resignation: Jeanine Montgomery (director)Appointment: Shelley Khanna (director) · Power of attorney15 facts ▸
State Gazette act
Resignation: Jeanine Montgomery (director)
Appointment: Shelley Khanna (director) · Power of attorney15 facts ▸
- Director resignation, Jeanine Montgomery (director)
- Director appointment, Shelley Khanna (director)
- Board composition, Shelley Khanna (director)
- Board meeting, 30-06-2026
- Power of attorney, Jeanine Montgomery
- Power of attorney, Shelley Khanna
- Power of attorney, David LEVIT
- Power of attorney, Andrew KANG
- Power of attorney, Thomas Chia-San CHOW
- Power of attorney, Reza VIRASTEH
- Power of attorney, Shelley Khanna
- Power of attorney, David LEVIT
- +3 further facts in this act
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €196k ▲0.4%
Net result €196k, the highest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 7.55
Current ratio from 2.62 to 7.55; short-term debt falls from €2.74M to €1.04M.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €85k ▼32.4%
Net result drops to €85k, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 37 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 104 days late
2019
31-12
Financial
Equity above €1MEq €1.01M ▲12.7%
2 profitable years in a row build equity to €1.01M.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 28 acts read
About the unread acts
Of the 28 Belgian State Gazette acts we know for this company, 1 has been read. The other 27 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Shelley Khanna
CurrentDirector · since 30-06-2026
30-06-2026
Shelley Khanna: Appointed as Director
30-06-2026
Jeanine Montgomery: Resigned as Director
Not every act has been read: a resignation may be missing here
27 of this company's 28 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Joost-ten-Node · 1 establishment unit since 2007
Ground area
3,162 m²
Building footprint
2,256 m²
Volume, LiDAR
107,414 m³
Parcel 21014A0112/00K002, Brussels · tallest building 79.3 m, ±19 floors. Linked by address, not a title deed.
1 establishment unit
MicroStrategy Belgium
since 20072.163.897.180
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0112/00K002 | Brussels | 3,162 m² | 1 · 2,256 m² | 79.3 m · 19 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Who signs
Each director alone
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Of 3,225 companies in sector 47400 we hold annual accounts for 1,807. 616 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.