North Digital
ActiveSummary
North Digital has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,009 and a net result of -€13,741. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 1958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Web portal activities
NACE 63910NACE 63120
1 site
How big
€133,866total assets 2025
- Equity
- €54,009
- Loss
- -€13,741
Turnover not published (abridged schema)
Who decides
- Parent
- Ants Invest · 100%
- Board
- 2 members
Accounts 50 d early1 of 7 deeds read
Why 65- Annual accounts: weaker financial profile+ Lower-failure-rate sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-58
Solvency65▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 2.44 in 2024; short-term debt: 33.5% and cash: 37.7% of total assets), but 59.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.3%
Return on assets
-10.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-12-2025, 50 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
50 d early
2024
9 d early
2023
5 d early
2022
49 d early
2021
12 d early
2020
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 19 January (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
- Resignations: Stein Peeters (director) and Isabel…Appointments: Ants Invest BV, INCITA…
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€13,741
Financials
Fiscal year 2025Total assets €133,866Loss -€13,741Solvency 40.3%Liquidity 1.60
Total assets
€133,866▼ 4.9%
2020 - 2025
Net result
-€13,741
2020 - 2025
Equity
€54,009▼ 28.8%
2020 - 2025
Staff (FTE)
0.7
2024
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,092▼ 62.1%€19,947▲ 65.0%€28,955▲ 45.2%€25,620▼ 11.5%-€9,281
Net result€8,224within the sector's middle half▼ 66.6%€12,944within the sector's middle half▲ 57.4%€17,082within the sector's middle half▲ 32.0%€15,790within the sector's middle half▼ 7.6%-€13,741below the sector's middle half
Equity€41,287within the sector's middle half▼ 33.9%€45,878within the sector's middle half▲ 11.1%€62,960within the sector's middle half▲ 37.2%€75,809within the sector's middle half▲ 20.4%€54,009within the sector's middle half▼ 28.8%
Total assets€77,379within the sector's middle half▲ 7.7%€98,012within the sector's middle half▲ 26.7%€140,876within the sector's middle half▲ 43.7%€140,718within the sector's middle half▼ 0.1%€133,866within the sector's middle half▼ 4.9%
Debt€36,091▲ 286%€52,134▲ 44.4%€77,916▲ 49.5%€64,908▼ 16.7%€79,856▲ 23.0%
Working capital€24,973within the sector's middle half▼ 52.7%€16,897within the sector's middle half▼ 32.3%€50,477within the sector's middle half▲ 199%€60,520within the sector's middle half▲ 19.9%€26,723within the sector's middle half▼ 55.8%
Solvency53.4%within the sector's middle half▼ 33.6pp46.8%within the sector's middle half▼ 6.5pp44.7%within the sector's middle half▼ 2.1pp53.9%within the sector's middle half▲ 9.2pp40.3%within the sector's middle half▼ 13.5pp
Current ratio1.69within the sector's middle half▼ 4.961.92within the sector's middle half▲ 0.232.25within the sector's middle half▲ 0.322.44within the sector's middle half▲ 0.191.60within the sector's middle half▼ 0.84
Return on assets (ROA)10.6%within the sector's middle half▼ 23.6pp13.2%within the sector's middle half▲ 2.6pp12.1%within the sector's middle half▼ 1.1pp11.2%within the sector's middle half▼ 0.9pp-10.3%below the sector's middle half▼ 21.5pp
Staff (FTE)0.7
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9,281 after €25,620 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133,213
Fixed assets
€61,679 ▲ 70.5%
Current assets
€71,533 ▼ 30.3%
Equity and liabilities €133,866
Equity
€54,009 ▼ 28.8%
Debt
€79,856 ▲ 23.0%
Debt's share of the balance-sheet total rises from 46.1% to 59.7%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
€10,104▼
2024 · €40,296
Cash flow
€5,645▼
2024 · €30,466
Debt to equity
1.48▲
2024 · 0.86
ROE
-25.4%▼
2024 · 20.8%
Interest coverage
2.33▼
2024 · 14.13
Debt ≤ 1 year
€44,811▲
2024 · €42,066
Debt > 1 year
€35,046▲
2024 · €22,843
Income taxes
€132▼
2024 · €6,978
Staff costs
€97▼
2024 · €3,180
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,078 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €2,891 | €4,624 | €3,180 | €97 | ▼ 96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,561 | €6,569 | €14,642 | €14,676 | €19,386 | ▲ 32.1% |
| Other operating charges640/8 | - | €6,518 | €10,614 | €14,597 | €3,873 | ▼ 73.5% |
| Non-recurring operating charges66A | - | - | - | €2,954 | €0 | ▼ 100% |
| Gross operating margin9900 | €16,315 | €35,926 | €58,835 | €61,027 | €14,074 | ▼ 76.9% |
| Operating profit (loss)9901 | €12,092 | €19,947 | €28,955 | €25,620 | -€9,281 | ▼ 136% |
| Financial income75/76B | - | €8 | €2 | €0 | €3 | - |
| Recurring financial income75 | €8 | €8 | €2 | €0 | €3 | - |
| Financial charges65/66B | - | €1,605 | €2,352 | €2,852 | €4,331 | ▲ 51.9% |
| Recurring financial charges65 | €483 | €1,605 | €2,352 | €2,852 | €4,331 | ▲ 51.9% |
| Profit (loss) for the period before taxes9903 | €11,616 | €18,349 | €26,604 | €22,769 | -€13,609 | ▼ 160% |
| Income taxes67/77 | €3,393 | €5,406 | €9,522 | €6,978 | €132 | ▼ 98.1% |
| Profit (loss) for the period9904 | €8,224 | €12,944 | €17,082 | €15,790 | -€13,741 | ▼ 187% |
| Profit (loss) for the period to be appropriated9905 | €8,224 | €12,944 | €17,082 | €15,790 | -€13,741 | ▼ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,379 | €98,012 | €140,876 | €140,718 | €133,866 | ▼ 4.9% |
| Formation expenses20 | €5,862 | €4,559 | €3,257 | €1,955 | €653 | ▼ 66.6% |
| Fixed assets21/28 | €10,453 | €58,271 | €46,647 | €36,177 | €61,679 | ▲ 70.5% |
| Intangible fixed assets21 | €7,000 | €6,000 | €5,000 | €4,000 | €37,194 | ▲ 830% |
| Tangible fixed assets22/27 | €3,453 | €51,971 | €41,647 | €32,177 | €24,485 | ▼ 23.9% |
| Land and buildings22 | - | €1,007 | €2,236 | €3,980 | €5,104 | ▲ 28.2% |
| Furniture and vehicles24 | - | €50,964 | €39,411 | €28,197 | €19,381 | ▼ 31.3% |
| Financial fixed assets28 | - | €300 | €0 | - | - | - |
| Current assets29/58 | €61,064 | €35,181 | €90,972 | €102,585 | €71,533 | ▼ 30.3% |
| Amounts receivable within one year40/41 | €19,622 | €20,174 | €37,412 | €57,694 | €19,076 | ▼ 66.9% |
| Trade receivables40 | - | €14,775 | €33,441 | €48,984 | €16,611 | ▼ 66.1% |
| Other amounts receivable41 | - | €5,399 | €3,971 | €8,710 | €2,464 | ▼ 71.7% |
| Cash at bank and in hand54/58 | €38,999 | €15,007 | €53,560 | €41,549 | €50,439 | ▲ 21.4% |
| Deferred charges and accrued income490/1 | - | €0 | - | €3,342 | €2,019 | ▼ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,379 | €98,012 | €140,876 | €140,718 | €133,866 | ▼ 4.9% |
| Equity10/15 | €41,287 | €45,878 | €62,960 | €75,809 | €54,009 | ▼ 28.8% |
| Contributions10/11 | - | €500 | €500 | €500 | €500 | = |
| Reserves13 | €40,000 | €45,000 | €62,273 | €75,273 | €75,273 | = |
| Distributable reserves133 | - | €45,000 | €62,273 | €75,273 | €75,273 | = |
| Profit (loss) carried forward14 | €787 | €378 | €188 | €37 | -€21,763 | ▼ 59,336% |
| Amounts payable17/49 | €36,091 | €52,134 | €77,916 | €64,908 | €79,856 | ▲ 23.0% |
| Amounts payable after more than one year17 | - | €33,850 | €37,421 | €22,843 | €35,046 | ▲ 53.4% |
| Financial debts170/4 | - | €33,850 | €37,421 | €22,843 | €35,046 | ▲ 53.4% |
| Amounts payable within one year42/48 | €36,091 | €18,284 | €40,495 | €42,066 | €44,811 | ▲ 6.5% |
| Current portion of amounts payable after more than one year42 | - | €9,974 | €10,096 | €10,273 | €10,451 | ▲ 1.7% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €2,901 | €6,323 | €20,308 | €18,632 | €21,436 | ▲ 15.0% |
| Suppliers440/4 | - | €6,323 | €20,308 | €18,632 | €21,436 | ▲ 15.0% |
| Taxes, remuneration and social security45 | - | €1,913 | €9,470 | €13,010 | €12,725 | ▼ 2.2% |
| Taxes450/3 | - | €1,887 | €9,444 | €13,010 | €12,725 | ▼ 2.2% |
| Remuneration and social security454/9 | - | €26 | €26 | €0 | - | - |
| Other amounts payable47/48 | - | €74 | €622 | €151 | €199 | ▲ 31.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,224 | €12,944 | €17,082 | €15,790 | -€13,741 | ▼ 187% |
| + Depreciation and write-downs630 | €3,561 | €6,569 | €14,642 | €14,676 | €19,386 | ▲ 32.1% |
| Operating cash flow (approximation) | €11,785 | €19,513 | €31,724 | €30,466 | €5,645 | ▼ 81.5% |
| Investment in fixed assets (approximation) | - | -€54,387 | -€3,018 | -€4,206 | -€44,888 | ▼ 967% |
| Change in cash | - | -€23,992 | €38,553 | -€12,011 | €8,890 | ▲ 174% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 2,782 companies in this sector we hold annual accounts for 699. 542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
2 directorsParent Ants Invest · 100%
Directors
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26068700). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 2
Ants Invest
CurrentDirector · since 27-02-2026 · Private limited company · perm. rep.: Jacob Verroken
INCITA
CurrentDirector · since 27-02-2026 · Private limited company · perm. rep.: Pieter Spiesschaert
Day-to-day management 1
Gumball Machine
CurrentDay-to-day manager · since 27-02-2026 · Private limited company · perm. rep.: Isabel Van Ruyskensvelde
Permanent representatives 3
Isabel Van Ruyskensvelde
CurrentPermanent representative · since 27-02-2026 · for Gumball Machine
Jacob Verroken
CurrentPermanent representative · since 27-02-2026 · for Ants Invest
Pieter Spiesschaert
CurrentPermanent representative · since 27-02-2026 · for INCITA
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 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.
Mandate history
5 people since 2026, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Ants Invest |
|
| INCITA |
|
| Gumball Machine |
|
| Isabel Van Ruyskensvelde |
|
| Stein Peeters |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Ants Invest
- North Digital
Highest known parent: Ants Invest. The sources do not say who stands above it.
Owners 1
- Ants InvestparentSourceact 28-05-2026100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
Punchline
Shared corporate director
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Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 28-05-2026 ↗
- Ants Invest BV (BE 1024.534.487) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Timeline
8 eventsLatest 28-05-2026Next filing 31-01-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
State Gazette act
Resignations: Stein Peeters (director) and Isabel Van Ruyskensvelde (director)Appointments: Ants Invest BV, INCITA BV and Gumball Machine BV · Permanent representatives: Jacob Verroken, Pieter Spiesschaert and Isabel Van Ruyskensvelde · Shareholding14 facts ▸
State Gazette act
Resignations: Stein Peeters (director) and Isabel Van Ruyskensvelde (director)
Appointments: Ants Invest BV, INCITA BV and Gumball Machine BV · Permanent representatives: Jacob Verroken, Pieter Spiesschaert and Isabel Van Ruyskensvelde · Shareholding14 facts ▸
- Director resignation, Stein Peeters (director)
- Director resignation, Isabel Van Ruyskensvelde (director)
- Director appointment, Ants Invest BV (director)
- Permanent representative, Jacob Verroken (permanent representative)
- Director appointment, INCITA BV (director)
- Permanent representative, Pieter Spiesschaert (permanent representative)
- Shareholding, Ants Invest BV
- Power of attorney, Ants Invest BV
- Power of attorney, INCITA BV
- Power of attorney, Elise Gonnissen
- Director appointment, Gumball Machine BV (day-to-day manager)
- Permanent representative, Isabel Van Ruyskensvelde (permanent representative)
- +2 further facts in this act
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€13,741
Net result drops to -€13,741, the lowest in the series.
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €17,900
Flemish government
€17,900
awarded · 2024 - 2025
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €17,900 awarded · €17,900 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -€1,500 | €8,200 |
| 2024 | 1 | €19,400 | €9,700 |
Company details
Private limited company · founded 05-01-2017Year ends 30-06Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded05-01-2017
Fiscal year end30-06
Activities, NACEBEL 2025
63910Web portal activities
47120Other non-specialised retail sale
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73110Advertising agencies
74120Graphic design and visual communication
74209Other photographic activities
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668781544
Registered
30-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2017
Ground area
2.2 ha
Building footprint
1.6 ha
Volume, LiDAR
68,159 m³
Parcel 44021A2735/00X002, Flanders · tallest building 23.8 m. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
North Digital
since 2017unit no. 2.261.477.004
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2735/00X002 | Flanders | 2.2 ha | 1 · 1.6 ha | 23.8 m |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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