Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Back in profit in 2025, after a loss of €44,788 in 2024.
€1.3m of the debts are secured on the company's own assets. In 2023 that was €1.2m.
In 2025, 3 people joined and 3 left.
Less equity than 87% of companies in computer programming and consultancy. Sector median €432,608 · 1,691 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 7 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, small). It does better than 7% of them on solvency, 9% on liquidity, 74% on profitability and 87% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 178 companies had the same profile as Neanex Technologies has now. Each dot is one company, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Neanex Technologies itself is lower: 0.7% within 12 months. It rests on far more data about Neanex Technologies 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 178 companies, not a prediction for Neanex Technologies. 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 insufficient, with a current ratio of 0.33 (0.21 in 2024), below 1. Short-term debt is 69.8% and cash 2% of total assets. Equity is negative.
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 9 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 | ||||
|---|---|---|---|---|
| Neanex Technologies Antwerp | €2.7m | €2.6m | -3.8% | 17.6 |
| LEADOUT SOLUTIONS Antwerp | €3.6m | €2.2m | 26.3% | 15.3 |
| KAIRON LABS Antwerp | €3.1m | €1.8m | 91.6% | 16 |
| FrontForce Antwerp | €2.1m | €2.5m | 13.6% | 22.9 |
| Refleqt Kontich | €2.5m | €2.0m | 78.3% | 22.4 |
| Lab900 Antwerp | €1.8m | €2.3m | 82.6% | 14.9 |
| VOXDALE Wijnegem | €3.4m | €2.1m | 7.8% | 20.8 |
These companies have the same main activity as Neanex Technologies: computer programming (NACE 62100). They are comparable in size and age: total assets between €1.8m and €3.6m, founded between 2017 and 2020.
The gross margin has grown every year since 2019. Solvency rose in 2025 from -13.9% to -3.8% because of the retained profit.
N.V. BESIX S.A. holds 52.38% of the shares.
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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