Pay IT Forward
ActiveSummary
Pay IT Forward has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,037 and a net result of €59,941. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 17239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency46▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.26 in 2024; short-term debt: 78.8% and cash: 77.3% of total assets), and 78.8% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.2%
Return on assets
66.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 17239 sector peers (2025).
NBB · sector comparisonPosition among 17239 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-01-2026, 198 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
198 d early
2024
143 d early
2023
43 d early
2022
45 d early
2021
33 d early
2020
44 d early
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 68 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 June (4 of the last 5 filed years within 98 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€19,037=
2024 · €19,037
Total assets
€89,761▲ 6.5%
2024 · €84,272
Net result
€59,941▲ 7.1%
2024 · €55,971
Working capital
€17,457▲ 2.2%
2024 · €17,088
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 62, Computer programming, consultancy and related 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€60,953▲ 14.9%€66,314▲ 8.8%€61,877▼ 6.7%€70,992▲ 14.7%€75,733▲ 6.7%
Net result€49,307above the sector's middle half▲ 14.8%€53,799above the sector's middle half▲ 9.1%€48,745within the sector's middle half▼ 9.4%€55,971above the sector's middle half▲ 14.8%€59,941above the sector's middle half▲ 7.1%
Equity€63,137within the sector's middle half▼ 19.8%€34,837within the sector's middle half▼ 44.8%€19,037below the sector's middle half▼ 45.4%€19,037below the sector's middle half=€19,037below the sector's middle half=
Total assets€150,657within the sector's middle half▲ 36.2%€140,293within the sector's middle half▼ 6.9%€97,542within the sector's middle half▼ 30.5%€84,272within the sector's middle half▼ 13.6%€89,761within the sector's middle half▲ 6.5%
Debt€87,520▲ 175%€105,456▲ 20.5%€78,506▼ 25.6%€65,236▼ 16.9%€70,725▲ 8.4%
Working capital€54,909within the sector's middle half▼ 19.7%€26,060within the sector's middle half▼ 52.5%€13,703within the sector's middle half▼ 47.4%€17,088within the sector's middle half▲ 24.7%€17,457within the sector's middle half▲ 2.2%
Solvency41.9%within the sector's middle half▼ 29.3pp24.8%below the sector's middle half▼ 17.1pp19.5%below the sector's middle half▼ 5.3pp22.6%below the sector's middle half▲ 3.1pp21.2%below the sector's middle half▼ 1.4pp
Current ratio1.63within the sector's middle half▼ 1.521.25below the sector's middle half▼ 0.381.17below the sector's middle half▼ 0.071.26below the sector's middle half▲ 0.091.25within the sector's middle half▼ 0.02
Return on assets (ROA)32.7%above the sector's middle half▼ 6.1pp38.3%above the sector's middle half▲ 5.6pp50.0%above the sector's middle half▲ 11.6pp66.4%above the sector's middle half▲ 16.4pp66.8%above the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,761
Fixed assets
€1,579 ▼ 19.0%
Current assets
€88,182 ▲ 7.1%
Equity and liabilities €89,761
Equity
€19,037 =
Debt
€70,725 ▲ 8.4%
Debt's share of the balance-sheet total rises from 77.4% to 78.8%. Debt is higher.
Key figures and ratios
EBITDA
€77,662▲
2024 · €74,376
Cash flow
€61,870▲
2024 · €59,355
Debt to equity
3.72▲
2024 · 3.43
ROE
314.9%▲
2024 · 294.0%
Interest coverage
768.02▲
2024 · 628.49
Debt ≤ 1 year
€70,725▲
2024 · €65,236
Income taxes
€15,691▲
2024 · €14,902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,340 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 6,713 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,437 | €3,224 | €3,443 | €3,384 | €1,929 | ▼ 43.0% |
| Other operating charges640/8 | €781 | €812 | €914 | €945 | €967 | ▲ 2.4% |
| Gross operating margin9900 | €67,171 | €70,350 | €66,235 | €75,321 | €78,629 | ▲ 4.4% |
| Operating profit (loss)9901 | €60,953 | €66,314 | €61,877 | €70,992 | €75,733 | ▲ 6.7% |
| Financial charges65/66B | €136 | €252 | €114 | €118 | €101 | ▼ 14.6% |
| Recurring financial charges65 | €136 | €252 | €114 | €118 | €101 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €60,817 | €66,062 | €61,763 | €70,873 | €75,632 | ▲ 6.7% |
| Income taxes67/77 | €11,510 | €12,262 | €13,018 | €14,902 | €15,691 | ▲ 5.3% |
| Profit (loss) for the period9904 | €49,307 | €53,799 | €48,745 | €55,971 | €59,941 | ▲ 7.1% |
| Profit (loss) for the period to be appropriated9905 | €49,307 | €53,799 | €48,745 | €55,971 | €59,941 | ▲ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,657 | €140,293 | €97,542 | €84,272 | €89,761 | ▲ 6.5% |
| Fixed assets21/28 | €8,228 | €8,777 | €5,333 | €1,949 | €1,579 | ▼ 19.0% |
| Tangible fixed assets22/27 | €8,228 | €8,777 | €5,333 | €1,949 | €1,579 | ▼ 19.0% |
| Furniture and vehicles24 | €8,228 | €8,777 | €5,333 | €1,949 | €1,579 | ▼ 19.0% |
| Current assets29/58 | €142,428 | €131,516 | €92,209 | €82,323 | €88,182 | ▲ 7.1% |
| Amounts receivable within one year40/41 | €9,075 | €27,563 | €28,252 | €12,911 | €17,884 | ▲ 38.5% |
| Trade receivables40 | €9,075 | €25,826 | €24,533 | €8,832 | €15,477 | ▲ 75.2% |
| Other amounts receivable41 | - | €1,738 | €3,719 | €4,079 | €2,407 | ▼ 41.0% |
| Cash at bank and in hand54/58 | €132,391 | €102,669 | €62,555 | €67,962 | €69,358 | ▲ 2.1% |
| Deferred charges and accrued income490/1 | €962 | €1,284 | €1,401 | €1,451 | €940 | ▼ 35.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,657 | €140,293 | €97,542 | €84,272 | €89,761 | ▲ 6.5% |
| Equity10/15 | €63,137 | €34,837 | €19,037 | €19,037 | €19,037 | = |
| Contributions10/11 | €6,200 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €487 | €487 | €487 | €487 | €487 | = |
| Non-distributable reserves130/1 | €487 | €487 | - | - | - | - |
| Reserves not available under the articles1311 | €487 | €487 | - | - | - | - |
| Distributable reserves133 | - | - | €487 | €487 | €487 | = |
| Profit (loss) carried forward14 | €56,451 | €15,800 | - | - | - | - |
| Amounts payable17/49 | €87,520 | €105,456 | €78,506 | €65,236 | €70,725 | ▲ 8.4% |
| Amounts payable within one year42/48 | €87,520 | €105,456 | €78,506 | €65,236 | €70,725 | ▲ 8.4% |
| Financial debts43 | - | - | - | - | €84 | - |
| Credit institutions430/8 | - | - | - | - | €84 | - |
| Trade debts44 | €1,787 | €1,945 | €1,700 | €1,943 | €2,001 | ▲ 3.0% |
| Suppliers440/4 | €1,787 | €1,945 | €1,700 | €1,943 | €2,001 | ▲ 3.0% |
| Taxes, remuneration and social security45 | €20,848 | €9,062 | €12,260 | €7,322 | €8,698 | ▲ 18.8% |
| Taxes450/3 | €20,848 | €9,062 | €5,989 | €7,322 | €8,698 | ▲ 18.8% |
| Remuneration and social security454/9 | - | - | €6,271 | - | - | - |
| Other amounts payable47/48 | €64,884 | €94,450 | €64,545 | €55,971 | €59,941 | ▲ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,307 | €53,799 | €48,745 | €55,971 | €59,941 | ▲ 7.1% |
| + Depreciation and write-downs630 | €5,437 | €3,224 | €3,443 | €3,384 | €1,929 | ▼ 43.0% |
| Operating cash flow (approximation) | €54,744 | €57,023 | €52,188 | €59,355 | €61,870 | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | -€3,772 | €0 | €0 | -€1,559 | - |
| Change in cash | - | -€29,722 | -€40,113 | €5,406 | €1,396 | ▼ 74.2% |
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
Next filing, fiscal year 2026, expected by
2026
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €59,941 ▲7.1%
Operating result €75,733, net result €59,941, both a record.
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.04
Current ratio from 1.00 to 2.04.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Ground area
119 m²
Building footprint
80 m²
Volume, LiDAR
466 m³
Parcel 11343A0589/00E016, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Pay IT Forward
since 20182.278.823.374
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11343A0589/00E016 | Flanders | 119 m² | 1 · 80 m² | 7.3 m · 2 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.
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Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 5,723 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
Founded18-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700215185
Also
9925:BE0700215185
Registered
02-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.