Liquidity
Short-term debts fell from €20,218 to €5,421.
Short-term debts fell from €20,218 to €5,421.
Less equity than 81% of companies in computer programming and consultancy. Sector median €69,072 · 21,214 companies.
The dashed line is the sector median: 0.1% across 25,932 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 62% of them on solvency, 72% on liquidity, 18% on profitability and 39% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 2,145 companies had the same profile as NSOps has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NSOps itself is lower: < 0.1% within 12 months. It rests on far more data about NSOps 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 2,145 companies, not a prediction for NSOps. 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 3.25 (1.61 in 2024), above the usual 1.5. Short-term debt is 30.8% and cash 77.8% of total assets. 30.8% 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 3 accounts on average 29 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 | ||||
|---|---|---|---|---|
| NSOps Blegny | €17,626 | -€44 | 69.2% | - |
| ClemTech Verviers | €15,668 | -€4,532 | 1.1% | - |
| DOMBLE COMPANY Liège | €16,413 | -€69,576 | -370.3% | - |
| MM EVOLUTION Uccle | €17,216 | -€12,212 | 10.6% | - |
| WASA BELGIUM Brussels | €17,574 | -€16,030 | -2.3% | - |
| AA Tech Sint-Gillis (bij-Brussel) | €17,388 | -€17,310 | 24.7% | - |
| FABMAX INVEST Mol | €16,334 | €0 | 57.1% | - |
These companies have the same main activity as NSOps: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €15,700 and €17,600, founded between 2022 and 2023.
NSOps files the micro format. That format states no turnover. The gross margin rose from -€3,898 in 2023 to -€44 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 60% of 21,208 companies in 2025.
Higher than 61% of 20,571 companies in 2025.
Higher than 16% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
17,626 | 32,515 | 11,075 | |
29/58 |
17,626 | 32,515 | 11,075 | |
40/41 |
3,915 | 13,464 | 735 | |
40 |
3,175 | 13,464 | - | |
41 |
740 | - | 735 | |
54/58 |
13,711 | 19,051 | 10,340 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
17,626 | 32,515 | 11,075 | |
10/15 |
12,204 | 12,297 | 11,042 | |
10/11 |
15,000 | 15,000 | 15,000 | |
14 |
-2,796 | -2,703 | -3,958 | |
17/49 |
5,421 | 20,218 | 33 | |
42/48 |
5,421 | 20,218 | 33 | |
44 |
5,415 | 17,292 | 33 | |
440/4 |
5,415 | 17,292 | 33 | |
45 |
5 | 2,926 | - | |
450/3 |
5 | 2,926 | - | |
47/48 |
2 | - | - | |
| Income statement | ||||
9900 |
-44 | 1,306 | -3,898 | |
640/8 |
- | - | 50 | |
9901 |
-44 | 1,306 | -3,948 | |
75/76B |
8 | 3 | - | |
75 |
8 | 3 | - | |
65/66B |
55 | 54 | 10 | |
65 |
55 | 54 | 10 | |
9903 |
-92 | 1,255 | -3,958 | |
9904 |
-92 | 1,255 | -3,958 | |
9905 |
-92 | 1,255 | -3,958 | |
| Appropriation of the result | ||||
9906 |
-2,796 | -2,703 | -3,958 | |
14P |
-2,703 | -3,958 | - | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 11-06-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -5,340 | 8,711 | - | ||
| 12,204 | 12,297 | 11,042 | ||
| 69.2% | 37.8% | 99.7% | ||
| 3.25 | 1.61 | - | ||
| 0.44 | 1.64 | 0.00 | ||
| -0.8% | 10.2% | -35.8% | ||
| -0.5% | 3.9% | -35.7% |
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.
The operating result for 2025 is a loss of €44, after a profit of €1,306 in 2024.
Debt's share of the balance-sheet total falls from 62.2% to 30.8%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
NSOps has no parent and no holdings in its annual accounts.
The network starts from the directors of NSOps. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
NSOps was incorporated on 25 May 2023 as a private limited company by BITSCO, XPLOIT CONSULTING and A&C CONSULTANT, with a starting capital of €15,000.12 Total assets rose from €11,075 in 2023 to €17,626 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Rue Bouhouille 29 registered office 4672 Blegny | 25-05-2023 | 2.345.578.972 |
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