Turnover
≈ €37,000 estimated
The micro format states no turnover.
NTBIES
Overview
Lifetime
2 annual accounts with figures on one time axispeak €22,358 (2024)
€4,800▼ 78.5%
peak €16,470 (2024)
€2,346▼ 85.8%
peak €22,817 (2025)
€22,817▲ 11.5%
€12,357▼ 41.1%
Board1 name since 2023
1 directorNTABUHASHE CIZIGE Gerard
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €22,358 to €4,800Result from €16,470 to €2,346Debts from €20,983 to €12,357Investments €2,460
Key points
from the 2025 annual accountsInvestments
€2,191 3.5 × depreciation
Green is investment, beige is depreciation.
At the same address
179 companies
2025 accounts filed 25 days after the deadline
Checked score
95
Excellent
Financially stronger than 63% of micro companies in publishing (NACE 58)
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 1,282 companies (NACE 58, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.6 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025lowest value
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 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Size: total assets €35,174
lowers risk
Sector: Publishing activities (NACE 58)
Liquidity: current ratio 2.84, cash €10,177
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 58, micro). It does better than 65% of them on solvency, 64% on liquidity, 59% on profitability and 64% 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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as NTBIES has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NTBIES itself is lower: 0.1% within 12 months. It rests on far more data about NTBIES than the profile alone.
Test of the method
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 39,278 companies, not a prediction for NTBIES. 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 €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.84 (2.5 in 2024), above the usual 1.5. Short-term debt is 32% and cash 28.9% of total assets. 35.1% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
25 days late
2024
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 5 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% 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.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1001972287
Incorporation
Founder: NTABUHASHE CIZIGE Gerard · 4,000 shares · Appointment: NTABUHASHE CIZIGE Gerard (director) · published on 08-11-2023 · Gazette deed
First establishment
Herrmann-Debrouxlaan 54, Auderghem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NTBIES Auderghem | €35,174 | €4,800 | 64.9% | - |
| AP Safety Solutions Bruges | €31,611 | €5,515 | 36.8% | - |
| Mavisoft Peer | €27,527 | €3,870 | -49.6% | - |
| AD Scientific Consulting and Environmental Systems Analytics Auderghem | €26,404 | €13,870 | 60.1% | - |
| Aurum Fitness Application Aartselaar | €34,531 | €10,899 | 53.2% | - |
| NODV Tournai | €55,662 | €9,202 | 92.5% | - |
| Adshim Heist-op-den-Berg | €31,791 | €10,477 | 3.1% | - |
These companies have the same main activity as NTBIES: other software publishing (NACE 58290). They are comparable in size and age: total assets between €26,400 and €55,700, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 06-11-2023Normal situation
- Registered office
- 180 active companies are registered at this address17 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Other software publishingNACE 58290and 6 others
- Establishment unit
- 2.351.507.5531160 Auderghem, since 06-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Annual accounts 2025
- €4,800▼ 78.5%
- €2,346▼ 85.8%
- €22,817▲ 11.5%
- €35,174▼ 15.1%
- Filing
- Filed on 25-08-2026
Insights on NTBIES
NTBIES has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,817 and a net result of €2,346.
Its solvency ranks better than 62% of 825 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 25-08-2026, 25 days late€4,800
▼ 78.5%
€4,176
▼ 81.0%
€2,346
▼ 85.8%
€20,653
▼ 13.4%
64.9%
▲ 15.5 percentage points
2.84
▲ 0.34
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 ≈ €37,000. Estimated: probably between €17,000 and €88,000.
Balance sheet
balance sheet total €35,174 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
64.9%
Higher than 62% of 825 companies in 2025.
2.84
Higher than 62% of 759 companies in 2025.
6.7%
Higher than 52% of 781 companies in 2025.
NTBIES
Middle half of the sector
80% of the sector
Micro accounts in publishing (NACE 58)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
35,174 | 41,454 | |
20 |
761 | 1,029 | |
21/28 |
2,518 | 682 | |
22/27 |
2,518 | 682 | |
24 |
2,518 | 682 | |
29/58 |
31,895 | 39,742 | |
40/41 |
21,718 | 26,231 | |
40 |
16,718 | 20,231 | |
41 |
5,000 | 6,000 | |
54/58 |
10,177 | 13,511 | |
| Balance sheet: equity and liabilities | |||
10/49 |
35,174 | 41,454 | |
10/15 |
22,817 | 20,470 | |
10/11 |
4,000 | 4,000 | |
14 |
18,817 | 16,470 | |
17/49 |
12,357 | 20,983 | |
17 |
1,115 | 5,082 | |
178/9 |
1,115 | 5,082 | |
42/48 |
11,243 | 15,902 | |
44 |
852 | 349 | |
440/4 |
852 | 349 | |
45 |
10,195 | 15,327 | |
450/3 |
10,195 | 15,327 | |
47/48 |
196 | 226 | |
| Income statement | |||
9900 |
4,800 | 22,358 | |
630 |
624 | 333 | |
9901 |
4,176 | 22,026 | |
75/76B |
175 | - | |
75 |
175 | - | |
65/66B |
376 | 396 | |
65 |
376 | 396 | |
9903 |
3,975 | 21,630 | |
67/77 |
1,629 | 5,159 | |
9904 |
2,346 | 16,470 | |
9905 |
2,346 | 16,470 | |
| Appropriation of the result | |||
9906 |
18,817 | 16,470 | |
14P |
16,470 | - | |
| 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437623.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 4,800 | 22,358 | ||
| 2,970 | 16,803 | ||
| 2,191 | 702 | ||
| -3,334 | - | ||
| 20,653 | 23,841 | ||
| 64.9% | 49.4% | ||
| 2.84 | 2.50 | ||
| 0.54 | 1.03 | ||
| 10.3% | 80.5% | ||
| 6.7% | 39.7% | ||
| 12.76 | 56.50 |
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 |
|---|---|---|
| Tangible fixed assets | €2,191 | €702 |
| €624 | €333 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on NTBIES
The operating result for 2025 is 81% lower than in 2024.
Debt's share of the balance-sheet total falls from 50.6% to 35.1%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 08-11-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 25-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 08-11-2023
Mandates through the years
1 name, the dashed line is todayNTABUHASHE CIZIGE Gerard
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- NTABUHASHE CIZIGE Gerard
- Director (not named in the articles), appointed by deed of 08-11-2023, still in office
Control
Capital
- Contribution
- €4,000
- Shares
- 4,000
- Contribution per share
- €1
- Equity per share
- €5.70 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 08-11-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 13:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Founder
At incorporation
deed of 08-11-2023 ↗
- NTABUHASHE CIZIGE Gerard sole founder · 100% at incorporation
Network & group
No group
NTBIES has no parent and no holdings in its annual accounts. NTABUHASHE CIZIGE Gerard is the only director.
At the same address
Herrmann-Debrouxlaan 54, 1160 Auderghem · 179 other companies| UNIVERCELLS
establishment since 31-01-2015 · founded in 2013 |
84 FTE (2023) 0502.742.288 |
| FLABEL CORPORATION
registered office since 05-02-1999 · founded in 1999 |
turnover €24.7m (2025) 0465.127.074 |
| Quantoom Biosciences
establishment since 02-03-2020 · founded in 2020 |
69 FTE (2023) 0744.643.858 |
| RESOURCES EVOLUTION
registered office since 01-07-2022 · founded in 2022 |
turnover €52.7m (2025) 0787.938.324 |
| EXOTHERA
establishment since 02-03-2020 · founded in 2020 |
139 FTE (2023) 0744.643.660 |
| REGUS BELGIUM
establishment since 03-06-2019 · founded in 1989 · group REGUS BUSINESS CENTRE · accounts filed late |
turnover €14.6m (2024) 0437.822.267 |
| Cegid Fin Belgium
registered office since 30-04-2015 · founded in 2015 · negative equity (2024) · accounts filed late |
19 FTE (2024) 0629.721.921 |
| HELEXIA BELGIUM INVEST
registered office since 01-10-2012 · founded in 2012 |
total assets €18.1m (2025) 0849.306.066 |
| Azerion Belgium
registered office since 17-04-2000 · founded in 2000 · negative equity (2024) · accounts filed late |
22 FTE (2024) 0471.451.177 |
| ECTOSENSE
registered office since 09-09-2015 · founded in 2015 |
total assets €14.8m (2025) 0636.908.136 |
Earlier ties
| NOSKUA via NTABUHASHE CIZIGE Gerard, no longer at NOSKUA · Director · deed of 17-01-2023 No longer active |
total assets €1,371 (2024) |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 25 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1001972287
Annual accounts 2024 filed PDFmicro format · 34 days before the deadline
2023
IncorporationFounder: NTABUHASHE CIZIGE Gerard · 4,000 shares · Appointment: NTABUHASHE CIZIGE Gerard (director) · published on 08-11-20234 points ▸
- Founder, NTABUHASHE CIZIGE Gerard
- 4,000 shares
- Registered office clause, Avenue Hermann Debroux 54, 1160 Auderghem
- Director appointment, NTABUHASHE CIZIGE Gerard (director (not named in the articles))
- The deed holds 2 more points.
First establishment Herrmann-Debrouxlaan 54, Auderghem
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
NTBIES was incorporated on 6 November 2023 as a private limited company by one natural person.12 NTABUHASHE CIZIGE Gerard is director of the company, appointed by deed of 08-11-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1001.972.287
- VAT number
- BE 1001.972.287
- Peppol ID
- 0208:1001972287
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 06-11-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 13:00deed of 08-11-2023 (in French)
- Peppol
- Reachable since 05-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- NTBIES in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-11-2023 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 08-11-2023 (in French)
Activities
NACEBEL 202558290
Other software publishing main activity
62100
Computer programming
85599
Other education
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
85599
Other education
85609
Education
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Soutien à l'enseignement,accompagnement scolaire,production de vidéos éducatives; Programmation,conseil,formation et autres activités…”deed of 08-11-2023 (in French)
10 activities
- Soutien à l'enseignement,accompagnement scolaire,production de vidéos éducatives
- Programmation,conseil,formation et autres activités informatiques,édition de logiciels,traitement de données,hébergement et activités connexes,portails Internet,consultance en développement informatique
- Conception,programmation,installation et maintenance de tous réseaux informatiques
- Développement d'applications pour tous logiciels et systèmes d'opération
- Vente,représentation,distribution,fourniture et location de tous logiciels et accessoires,installations et consommables informatiques,ordinateurs,systèmes de communication et de télécommunication,périphérie et services
- Services d'information
- Formation professionnelle
- Consulting,support,organisation de séminaires et de cours de formation
- Conseil pour les affaires et autres conseils de gestion
- Recrutement,placement et gestion de ressources humaines
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Herrmann-Debrouxlaan 54 registered office 1160 Auderghem | 06-11-2023 | 2.351.507.553 |
Buildings and parcels at the address
- Ground area
- 3,929 m²
- Buildings
- 1,150 m²
- Volume, LiDAR
- 28,081 m³
- Tallest building
- 30.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21332B0081/00H002 | 3,929 m² | 1 · 1,150 m² | 30.4 m · 9 |