Equity
Equity fell by 63% in 11 years.
Equity fell by 63% in 11 years.
Of this, €44,348 falls due within a year.
The last five annual accounts were filed 29 to 45 days before the end of the period.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 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 43, micro). It does better than 18% of them on solvency, 81% on liquidity, 60% on profitability and 83% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 5,053 companies had the same profile as ProcessWise has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ProcessWise itself is lower: 0.3% within 12 months. It rests on far more data about ProcessWise 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 5,053 companies, not a prediction for ProcessWise. 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 2.36 (1.9 in 2024), above the usual 1.5. Short-term debt is 17.4% and cash 29.9% of total assets. However, 84.8% 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 7 accounts on average 33 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ProcessWise Evere | €255,151 | €63,832 | 15.2% | - |
| ALL ECOTEC Evere | €241,633 | €61,288 | 65.1% | - |
| ALGOBAT Koekelberg | €254,691 | €58,734 | 65.6% | - |
| A & F ELEC Ixelles | €300,184 | €55,557 | 71.5% | - |
| SPRUYT MARIO Tielt | €256,991 | €63,280 | 25.6% | - |
| FHLinK Kaprijke | €247,764 | €71,390 | 46.4% | - |
| SK Solution Brecht | €249,782 | €58,252 | 31.1% | - |
These companies have the same main activity as ProcessWise: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €242,000 and €300,000, founded between 2011 and 2013.
ProcessWise files the micro format. That format states no turnover. The gross margin rose from €63,821 in 2013 to €63,832 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. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €150,000 and €390,000.
Higher than 18% of 35,136 companies in 2025.
Higher than 62% of 34,510 companies in 2025.
Higher than 56% of 34,711 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
255,151 | 268,904 | 292,721 | 305,254 | 312,883 | 320,713 | 348,935 | 382,185 | 405,305 | 435,558 | 475,608 | 140,871 | 72,473 | |
21/28 |
150,701 | 168,303 | 184,086 | 200,702 | 212,513 | 226,462 | 244,568 | 266,739 | 277,246 | 294,996 | 314,417 | 1,546 | - | |
22/27 |
150,651 | 168,253 | 184,036 | 200,652 | 212,463 | 226,412 | 244,568 | 266,739 | 277,246 | 294,996 | 314,417 | 1,546 | - | |
22 |
147,571 | 164,133 | 181,819 | 199,169 | 208,873 | 220,618 | 237,693 | 254,769 | 270,107 | 287,008 | 303,465 | - | - | |
23 |
2,750 | 3,707 | 2,217 | 452 | 826 | 868 | 644 | 1,505 | 1,980 | 169 | 952 | 1,546 | - | |
24 |
330 | 413 | - | 1,031 | 2,764 | 4,926 | 6,231 | 10,465 | 5,159 | 7,818 | 10,000 | - | - | |
26 |
- | - | - | - | - | - | - | - | - | - | 0 | - | - | |
28 |
50 | 50 | 50 | 50 | 50 | 50 | - | - | - | - | - | - | - | |
29/58 |
104,450 | 100,601 | 108,635 | 104,552 | 100,370 | 94,251 | 104,367 | 115,446 | 128,059 | 140,562 | 161,191 | 139,325 | 72,473 | |
29 |
- | - | - | - | 13,570 | 33,150 | 50,000 | 64,600 | 80,000 | 100,000 | 120,000 | - | - | |
291 |
- | - | - | - | 13,570 | 33,150 | 50,000 | 64,600 | 80,000 | 100,000 | 120,000 | - | - | |
40/41 |
21,202 | 26,749 | 23,944 | 37,548 | 19,755 | 14,230 | 18,929 | 40,656 | 31,517 | 17,848 | 13,482 | 28,106 | 13,854 | |
40 |
20,622 | 25,624 | 22,533 | 33,696 | 17,385 | 14,230 | 17,279 | 40,656 | 31,517 | 17,848 | 13,465 | 27,830 | 13,310 | |
41 |
580 | 1,125 | 1,411 | 3,852 | 2,370 | - | 1,650 | - | 0 | 0 | 17 | 276 | 544 | |
54/58 |
76,329 | 71,481 | 82,766 | 65,598 | 64,687 | 43,450 | 29,648 | 7,910 | 13,778 | 20,955 | 26,301 | 111,109 | 58,619 | |
490/1 |
6,919 | 2,371 | 1,925 | 1,406 | 2,358 | 3,421 | 5,790 | 2,280 | 2,765 | 1,759 | 1,407 | 110 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
255,151 | 268,904 | 292,721 | 305,254 | 312,883 | 320,713 | 348,935 | 382,185 | 405,305 | 435,558 | 475,608 | 140,871 | 72,473 | |
10/15 |
38,779 | 25,899 | 25,886 | 25,879 | 18,106 | 8,113 | 8,099 | 8,087 | 14,856 | 31,132 | 47,521 | 105,716 | 47,438 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
32,380 | 19,630 | 19,630 | 19,630 | 11,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
32,380 | 19,630 | 19,630 | 17,770 | 10,000 | - | - | - | - | - | - | - | - | |
14 |
199 | 69 | 56 | 49 | 46 | 53 | 39 | 27 | 6,796 | 23,072 | 39,461 | 97,656 | 39,378 | |
17/49 |
216,372 | 243,005 | 266,835 | 279,375 | 294,777 | 312,600 | 340,836 | 374,098 | 390,449 | 404,426 | 428,087 | 35,154 | 25,035 | |
17 |
171,719 | 189,402 | 206,680 | 223,561 | 240,055 | 256,171 | 271,918 | 287,303 | 302,336 | 317,024 | 331,376 | - | - | |
170/4 |
171,719 | 189,402 | 206,680 | 223,561 | 240,055 | 256,171 | 271,918 | 287,303 | 302,336 | 317,024 | 331,376 | - | - | |
42/48 |
44,348 | 52,818 | 59,299 | 55,753 | 54,667 | 56,381 | 68,918 | 86,795 | 88,113 | 87,402 | 96,711 | 35,154 | 25,035 | |
42 |
17,683 | 17,278 | 16,881 | 16,494 | 20,209 | 19,838 | 22,249 | 22,547 | 14,688 | 14,351 | 24,022 | - | - | |
44 |
3,055 | 7,137 | 2,962 | 19,218 | 3,427 | 3,047 | 493 | 688 | 1,775 | 0 | 14 | 1,917 | 1,198 | |
440/4 |
3,055 | 7,137 | 2,962 | 19,218 | 3,427 | 3,047 | 493 | 688 | 1,775 | 0 | 14 | 1,917 | 1,198 | |
45 |
7,881 | 6,732 | 6,596 | 5,718 | 4,296 | 2,495 | 17,326 | 29,430 | 36,702 | 25,336 | 29,075 | 33,237 | 23,836 | |
450/3 |
7,881 | 4,197 | 6,596 | 5,534 | 4,296 | 2,015 | 17,326 | 29,430 | 36,702 | 25,336 | 29,075 | 30,837 | 21,436 | |
454/9 |
- | 2,535 | - | 184 | - | 480 | - | - | 0 | 0 | 0 | 2,400 | 2,400 | |
47/48 |
15,729 | 21,671 | 32,860 | 14,323 | 26,735 | 31,001 | 28,850 | 34,130 | 34,948 | 47,714 | 43,600 | - | 0 | |
492/3 |
305 | 785 | 856 | 61 | 55 | 48 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | 175,000 | 145,001 | 156,916 | 133,176 | |
76A |
7,709 | - | - | - | 1,638 | - | - | - | - | - | - | - | - | |
9900 |
63,832 | 58,239 | 71,825 | 61,200 | 76,044 | 70,928 | 72,606 | 63,305 | 56,795 | 79,744 | 54,955 | 86,235 | 63,821 | |
60/61 |
- | - | - | - | - | - | - | - | - | 95,916 | 90,046 | 70,681 | 69,355 | |
630 |
18,508 | 19,630 | 19,639 | 19,876 | 19,520 | 19,310 | 22,749 | 21,684 | 20,719 | 20,344 | 20,140 | 773 | - | |
640/8 |
4,431 | 4,609 | 4,438 | 4,056 | 4,394 | 6,401 | 3,078 | 3,840 | 3,724 | 3,539 | 43,319 | 423 | 3,370 | |
66A |
- | - | - | - | - | - | - | - | - | - | 318 | - | - | |
9901 |
40,893 | 34,000 | 47,748 | 37,268 | 52,130 | 45,217 | 46,779 | 37,781 | 32,352 | 55,861 | -8,504 | 85,040 | 60,451 | |
75/76B |
7 | - | 7 | 184 | 723 | 1,331 | 1,752 | 2,129 | 2,648 | 3,258 | 1,341 | - | - | |
75 |
7 | - | 7 | 184 | 723 | 1,331 | 1,752 | 2,129 | 2,648 | 3,258 | 1,341 | - | - | |
65/66B |
7,975 | 6,257 | 6,756 | 7,084 | 6,718 | 7,043 | 7,433 | 7,690 | 7,656 | 9,108 | 7,114 | 128 | 23 | |
65 |
7,975 | 6,257 | 6,756 | 7,084 | 6,718 | 7,043 | 7,433 | 7,690 | 7,656 | 9,108 | 7,114 | 128 | 23 | |
9903 |
32,925 | 27,743 | 40,999 | 30,368 | 46,135 | 39,505 | 41,098 | 32,220 | 27,344 | 50,011 | -14,595 | 84,911 | 60,428 | |
67/77 |
9,115 | 6,580 | 9,642 | 8,295 | 11,442 | 9,791 | 12,236 | 4,989 | 10,120 | 19,251 | - | 26,634 | 19,190 | |
9904 |
23,810 | 21,163 | 31,357 | 22,073 | 34,693 | 29,714 | 28,862 | 27,231 | 17,224 | 30,761 | -14,595 | 58,278 | 41,238 | |
9905 |
23,810 | 21,163 | 31,357 | 22,073 | 34,693 | 29,714 | 28,862 | 27,231 | 17,224 | 30,761 | -14,595 | 58,278 | 41,238 | |
| Appropriation of the result | ||||||||||||||
9906 |
23,879 | 21,219 | 31,406 | 22,119 | 34,746 | 29,753 | 28,889 | 34,027 | 40,296 | 70,222 | 83,061 | 97,656 | 41,238 | |
14P |
69 | 56 | 49 | 46 | 53 | - | - | - | - | - | - | - | - | |
791/2 |
10,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
22,750 | - | - | 7,770 | 10,000 | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
22,750 | - | - | 7,770 | 10,000 | - | - | - | - | - | - | - | - | |
694/7 |
10,930 | 21,150 | 31,350 | 14,300 | 24,700 | 29,700 | 28,850 | 34,000 | 33,500 | 47,150 | 43,600 | - | - | |
694 |
10,930 | 21,150 | 31,350 | 14,300 | 24,700 | 29,700 | 28,850 | 34,000 | 33,500 | 47,150 | 43,600 | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 11 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 19-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-06-2026 | 2026-00177149 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00226020 | |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00151177 | |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131916 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20091775 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28500404 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-33500488 | |
| 31-12-2018 | micro format | 04-07-2019 | 2019-29100294 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-41400398 | |
| 31-12-2016 | micro format | 04-07-2017 | 2017-27000228 | |
| 31-12-2015 | full format | 25-07-2016 | 2016-35100465 | |
| 31-12-2014 | full format | 23-07-2015 | 2015-33700252 | |
| 31-12-2013 | full format | 25-07-2014 | 2014-35500023 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59,401 | 53,630 | 67,387 | 57,144 | 71,650 | 64,527 | 69,528 | 59,465 | 53,071 | 76,205 | 11,636 | 85,813 | - | ||
| 42,318 | 40,793 | 50,996 | 41,949 | 54,213 | 49,024 | 51,611 | 48,915 | 37,944 | 51,105 | 5,545 | 59,051 | - | ||
| 907 | 3,847 | 3,023 | 8,065 | 5,999 | 1,203 | 578 | 11,177 | 2,969 | 923 | 333,329 | 2,319 | - | ||
| 4,848 | -11,285 | 17,168 | 911 | 21,237 | 13,802 | 21,738 | -5,868 | -7,177 | -5,346 | -84,808 | 52,490 | - | ||
| 60,102 | 47,783 | 49,336 | 48,799 | 45,703 | 37,870 | 35,449 | 28,651 | 39,946 | 53,160 | 64,480 | 104,170 | 47,438 | ||
| - | - | - | - | - | - | - | - | - | 31.9% | -5.9% | 54.2% | 45.4% | ||
| 15.2% | 9.6% | 8.8% | 8.5% | 5.8% | 2.5% | 2.3% | 2.1% | 3.7% | 7.1% | 10.0% | 75.0% | 65.5% | ||
| 2.36 | 1.90 | 1.83 | 1.88 | 1.84 | 1.67 | 1.51 | 1.33 | 1.45 | 1.61 | 1.67 | 3.96 | 2.89 | ||
| 5.58 | 9.38 | 10.31 | 10.80 | 16.28 | 38.53 | 42.08 | 46.26 | 26.28 | 12.99 | 9.01 | 0.33 | 0.53 | ||
| 61.4% | 81.7% | 121.1% | 85.3% | 191.6% | 366.3% | 356.4% | 336.7% | 115.9% | 98.8% | -30.7% | 55.1% | 86.9% | ||
| 9.3% | 7.9% | 10.7% | 7.2% | 11.1% | 9.3% | 8.3% | 7.1% | 4.2% | 7.1% | -3.1% | 41.4% | 56.9% | ||
| 7.45 | 8.57 | 9.97 | 8.07 | 10.67 | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | 37 days | 34 days | 65 days | 36 days | ||
| - | - | - | - | - | - | - | - | - | 0 days | 0 days | 10 days | 6 days |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 |
| Carrying value of the mortgaged assets | €147,571 | €164,133 | €181,819 | €199,169 | €208,873 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €907 | €3,847 | €3,023 | €8,065 | €5,999 |
| €18,508 | €19,630 | €19,639 | €19,876 | €19,520 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 20% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 90.4% to 84.8%. Equity is higher and debt is lower.
ProcessWise has no parent and no holdings in its annual accounts. ProcessWise shares no director with another company.
| Telepina, Antonina (sole trader)
establishment since 01-02-2023 |
founded in 2023 0795.898.856 |
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
| Establishment | Since | Unit number |
|---|---|---|
| Kleigroeveërf 11 registered office 1140 Evere 26200 Manufacture of computer, electronic and optical products | 28-09-2012 | 2.214.224.146 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21372C0112/00T010 | 283 m² | 1 · 85 m² | 9.8 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0849.159.180
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